North America to Drown in Oil as Mexico Ends Monopoly
http://money.msn.com/business-news/article.aspx?feed=BLOOM&date=20131216&id=17195903
Forum Discussion
If we had Domestic companies producing and refining for American markets the price of oil would be below 60.00 a barrel. Remember SOHIO?
Exxon etc went to Court to force SOHIO to sell it's crude production to them International Cartel and buy it's gas and diesel etc back at prices set by the Cartel or if you will the Cabal. They shift our crude production and refined products around and store and with hold product to boost prices and keep them up.
How our Courts went along with this is insane as is the Government policies and Congress and Senate.
Economical energy supplies were the foundation of cheap food production,fertilizer for agriculture, plastics, metal and all other production. Our economic security has been destroyed and energy managed, for the pockets, of a few by Traders and Energy Companies, Hedge Funds etc acting as Traders. Energy is a basic engine of the economy and never should have been put on the International Exchange. Traders add as much as a dollar to what the price of a gallon, of fuel should be. Their actions have a lot to do with the greatly devalued dollar. remember all the jokes about Pesos and Lire and th bushel basket now look ,at the dollar.
Exxon etc went to Court to force SOHIO to sell it's crude production to them International Cartel and buy it's gas and diesel etc back at prices set by the Cartel or if you will the Cabal. They shift our crude production and refined products around and store and with hold product to boost prices and keep them up.
How our Courts went along with this is insane as is the Government policies and Congress and Senate.
Economical energy supplies were the foundation of cheap food production,fertilizer for agriculture, plastics, metal and all other production. Our economic security has been destroyed and energy managed, for the pockets, of a few by Traders and Energy Companies, Hedge Funds etc acting as Traders. Energy is a basic engine of the economy and never should have been put on the International Exchange. Traders add as much as a dollar to what the price of a gallon, of fuel should be. Their actions have a lot to do with the greatly devalued dollar. remember all the jokes about Pesos and Lire and th bushel basket now look ,at the dollar.
