THE PRICE OF OIL »
Posted By greenmac 11 months, 1 week ago in NewsThe price of oil...how is it priced...why the ups and downs...what is the reason. This video may help you understand.
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greenmac
Ok..Ok....This is where I say something great about myself.....hmmmm. I like daylight and night time as well. How am I doing so ...
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greenmac11 months, 1 week ago
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If what I have just watched is the reason for the average Joe suffering through high energy costs, then more regulation is needed in the energy and commodity investing. It seems that the rich wanted to become richer on the backs of everyone else. I don't mind people making a good investment and profiting from it....but the futures trading can drive up a product to a point that it is more than it is worth. when this is done with necessities such as energy and food....then that is wrong .
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greenmac11 months, 1 week ago
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Enron took advantage of deregulation.
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"The Commodity Futures Modernization Act of 2000 deregulated the market for energy futures. This is what is commonly referred to as “the Enron loophole.” It has led to malpractice and manipulation of these unregulated dark markets resulting in price spikes far beyond what the normal law of supply and demand would dictate."
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HannibalBarca11 months, 1 week ago
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Was watching a history project a few nights ago, and was amazed at what was said.
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Always new oil companies were large and controlled much of rhe economy,,,but the show said,,,Exxon was bigger than all the auto car companies of world combined,,,,and this is just one of the oil giants.
Fighting them is not a David and Goliath affair, more like an ant against an elephant -
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