If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Rolling Stone)   The oil markets are rigged and Europe is actually doing something about it   (rollingstone.com) divider line 22
    More: Hero, European Commission, Europe, raid, Federal Energy Regulatory Commission, oil companies, Libor, financial markets, Office of Fair Trading  
•       •       •

20172 clicks; posted to Main » on 15 May 2013 at 1:35 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest


Archived thread
2013-05-15 01:38:30 PM  
7 votes:
Tomorrow's headline "Europe found dead in a ditch with hands bound behind it's back, bullet wound to back of skull. Coroner declares it a suicide"
2013-05-15 02:04:22 PM  
5 votes:
Don't expect to see this in America, where Congress is a wholly-own subsidiary of the oil industry.
2013-05-15 01:49:59 PM  
5 votes:

cwolf20: Still no word on why gas stations surrounding Louisville, KY cost 80 cents less than gas stations in downtown Louisville


The same reason office space in surrounding Louisville costs less per sq. ft. than office space in downtown Louisville.
2013-05-15 01:43:07 PM  
4 votes:
api.ning.com
2013-05-15 02:09:37 PM  
3 votes:

iheartscotch: I've always wondered why we don't have price controls on oil and gas. We are, more or less, a captive market.


Because the best long-interest is to control them by making them high, driving innovation.  Making gasoline $8/gallon by imposing a huge tax and using the tax to invest in infrastructure would be a huge boon to society -- AFTER about a decade of serious pain, so no politician could even jokingly suggest it without being blacklisted from office.  People suggest controls to make energy artificially cheap, but that only encourages waste.

And hell if we're a captive market.  The people complaining the loudest about fuel prices use way more than they need and scoff at any attempts to reduce consumption as part of the liberal "let's all move back into caves" agenda.  Hell, I live in an uber-liberal state that uses a lot of heating oil, which impacts gasoline prices.  The same people biatching about how oil prices are killing them think turning the thermostat below 70F is prison camp treatment, and half the vehicles on the road are full-size SUVs.
2013-05-15 01:55:28 PM  
2 votes:
Oh god... the Tom Friedman Article Generator he linked to in one of his earlier articles is farking GENIUS.

http://thomasfriedmanopedgenerator.com/
2013-05-15 01:41:32 PM  
2 votes:
It's supply and demand. Remember that, Citizen. Now run along, and go about your business.
2013-05-15 01:39:13 PM  
2 votes:
Why yes, it's national treasure Matt Taibbi.
I'll never understand the Rolling Stone thing.
2013-05-16 11:22:07 AM  
1 votes:
Having worked for 2 of those 3 oil companies... I can say, they should be able to find plenty of proof... Considering they found it before, fined them a small amount, and the company promised to clean up its act.

And didn't.
2013-05-15 04:06:01 PM  
1 votes:

God-is-a-Taco: Why yes, it's national treasure Matt Taibbi.
I'll never understand the Rolling Stone thing.


the "thing" is the major news outlets are all owned by Wall st and Big Business. they don't bother investigating or reporting on such things until they're full blown public spectacle and then they get a small blurb while we move on to what Honey Boo Boo's mom is wearing at her wedding.

EVERYTHING IS RIGGED includes public information
2013-05-15 03:00:20 PM  
1 votes:
But remember, these are job creators here in the United States, who need tax cuts to somehow keep their prices down.  There's no way this rent-seeking behavior could have catastrophic net-costs to an energy dependent economy, right?  It's not like oil price is a fundamental component of inflation in this country.  At all.
2013-05-15 02:51:52 PM  
1 votes:

God-is-a-Taco: Why yes, it's national treasure Matt Taibbi.
I'll never understand the Rolling Stone thing.


For a certain type of journalist, "Hunter S. Thompson's old gig" is a powerful draw.

Taibbi fills that niche rather well.
2013-05-15 02:23:20 PM  
1 votes:
Meh ... even at $6-7/gallon, gas is cheap ... and I'll still be running my V8 :)

In fact, please bring back the high gas prices of summer 2008 ... I miss how empty the roads become and how my commute is so much less stressful as well.

badges.fuelly.com
2013-05-15 02:19:36 PM  
1 votes:

meanyogurt: It's almost as if there was a large populous country with a growing demand for the stuff...http://au.businessinsider.com/no-chinese-hard-landing-2013-5


As taken from your link - people should be very, very concerned with this growth. Unless you're investing in oil futures/oil companies, this is going to really negatively impact US transportation fuel prices in the coming years.
static.businessinsider.com
Affordable, off-the-shelf solutions to avoid this are available in showrooms and stores today.
2013-05-15 02:14:13 PM  
1 votes:

imfallen_angel: Next to be looked into should be the taxes on gas, which consist of 75% (or more) of the prices, supposed to be for road maintenance and such....

The roads are so bad that I feel that I'm always going through an obstacle course every day.

One particular pothole was so bad that even at low speed, with passengers, I ended up touching the ground with the axel, and that was trying to go around it.


75%? Are you sure about that? (I mean, you live in Canada according to your profile.)

upload.wikimedia.org
2013-05-15 01:59:46 PM  
1 votes:

LessO2: Only wish electric cars had more range and would be more affordable.   Would love to tell Big Oil to suck it.


Big Coal isn't exactly unhappy about the prospect either :)
2013-05-15 01:58:12 PM  
1 votes:
assets.rollingstone.com

"So some of my friends started to call me 'Two-Phones'..."

/Arthur 'Two-Phones' Jackson
2013-05-15 01:56:19 PM  
1 votes:
Next to be looked into should be the taxes on gas, which consist of 75% (or more) of the prices, supposed to be for road maintenance and such....

The roads are so bad that I feel that I'm always going through an obstacle course every day.

One particular pothole was so bad that even at low speed, with passengers, I ended up touching the ground with the axel, and that was trying to go around it.
2013-05-15 01:50:42 PM  
1 votes:
Well, that was a whole lot of nothing.

I'm no fan of Big Energy, but if we're going to convict or even fine them for something, let's see some evidence.
2013-05-15 01:50:22 PM  
1 votes:
assets.rollingstone.com
I say, white collar crime is as American as bootlegging.
2013-05-15 01:48:17 PM  
1 votes:
I keep getting richer but I can't get my picture on the cover of the Rolling Stone.
2013-05-15 01:48:07 PM  
1 votes:
tallytaxman.com

What?  Say it's not so!

People in power collude to monopolize power... who would play such a sick game?
 
Displayed 22 of 22 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report