Enery and the companies invovled with it have not all been honest. Politely saying the government and others have all plotted to find ways to squeeze a dollar out of the small guy and if that meant cheating, lying, staging energy shortages and getting the president and congress to approve bad bills then so be it. This page is here to help you do somehting you can't; see the light and learn the truth. We'll continue to add to the collection in hopes of waking up America.
This year was amazing in terms of voter turnout but it took financial ruin to wake up many people. Now we are all faced with bailouts which we have no say over but can react to by means of contacting our elected representatives to deliver positive or negative feelings on the issues. Persoanlly we need to put this country back on track but not pay out excessively high ceo salaries before the workers get a dime or worse yet get laid off while we pay a ceo 12 million plus dollars a year. Why can't we redo mortgages to at least lower the rate making it affordable so the home owner can pay down the principal. Credit cards were no better, 29% isn't my idea of a Merry Christmas. I have some more links to add, one in paticular is a series of youtube videos that was done on an energy seminar. Very interesing material that made US automakers look bad along with the government. Just for the record I only publish facts and info that appears to be true and reliable. NO UFO photos from the Enquirer on this page.
The Enron loophole
Apparently A clause called the Enron loophole has been a key player in controlling energy markets. In California, black outs and excessively high electric costs were planned to force Californians to hand over their money for power. Trading documents were changed to exclude energy from being controlled. Once again a handful of people cheated millions of Americans out of billions of dollars. Most elected people knew nothing about the policies on energy trading and couldn't understand them if they tried while others were fully aware of the problems and shared in the wealth. Our presidential candidate John McCain has never spoken out about the real source of the problem. He has three people working for him who were directly involved in this scandal. Below are two links for you tube videos, one on McCain and one is the investigation explaining the set up that drove up oil prices and how it got this far.
Shocking truth on oil prices and the people involved John Mc Cain, oil and the enron loophole
The president and congress has the power to intervene and stop the trading. The Commodities future trading commission can pull the plug on oil trading. The president selects the people serving on the Commodities Future Trading Commission. President Bush fully understands the market and oil industry. Congress has concluded the futures commodity market is at fault. This situation has been getting out of control for over a year with no intervention. Oil prices are decaying our economy yet no one we have elected into office is making a move. CFTC Emergency Authority Background
File Format: PDF/Adobe Acrobat - View as HTML CFTC Emergency Authority Background. June 26, 2008. The CFTC currently has emergency authority powers, as granted by Congress and ...
. In a recent radio broadcast President Bush stated we need to do more US exploration and become free of foreign oil. This is rhetoric at best. We knew this in the 70's and again in the 80's but dragged our feet. Nice speech but not once did President Bush say the investment market needs to be stopped. Can anyone at this point believe drilling for more oil will help if it’s allowed to be put onto the commodities market? We may find enough oil to go another 18 years but what will we use when it's gone. Oil will not last forever. Alternatives need to be developed and implemented. The white House once had solar heating panels installed back in the 70's. During the 80’s declining prices and lack of interest in alternatives prompted President Reagan to remove the panels.
What effect is all this having on us? Commodity trading on oil and food products is creating excessive price increases. Jobless rate is spiraling with thousands more job losses on the way. A recent newspaper article In the Desert Sun in Palm Springs, Ca. reported utility companies across the nation are seeing an increase of 11 to 15% in shut offs per month of consumers unable to pay their bills. That equates to thousands of people being forced to decide between mortgage, gas, food or utilities to pay. These are families with two working adults and two children. Consumer prices are going off the wall. Travel and vacation is not an option this year. Many small business owners are being forced to close while huge chains layoff workers, cut hours and benefits. Now airlines are charging for luggage and increasing fares. Fly me? I don’t think so. We don’t need to analyze the situation any more. Americans are going broke at the pump. It has to be stopped.
Let’s add credit cards to the factor. Many rates are at loan shark levels. The companies had changed the way they do business to make millions more on late fees and additional charges along with some gimmicks allowing them to more than double their interest rates. Why are the companies we deal with and have supported for years so intent on financially raping every customer they have? Their excessive rates make them equally guilty in decaying our economy. Gas and interest fees have depleted any disposal income most Americans once had. So I believe it is safe to say when someone asks “What’s in your wallet” you can honestly say “absolutely nothing.”
The CFTC has the authority to fine, suspend, or sue the company or ... Futures Act of 1922 and Board of Trade of City of Chicago v. Olsen 262 US 1 (1923). ... var mb9=ManyBox.register('9',3,'Gz8MG35TbccJ','','3113',14,'Show map of 1155 21st St NW, Washington, DC 20036','Hide map of 1155 21st St NW, Washington, DC 20036')
File Format: PDF/Adobe Acrobat - View as HTML CFTC Emergency Authority Background. June 26, 2008. The CFTC currently has emergency authority powers, as granted by Congress and ...
Many of our daily costs are affected by investors via the commodities market. Shipping rates, coffee, the food we eat, and energy are all predetermined prices long before we get any of it via the commodities market. So when you hear about a bad coffee crop and a price increase just know the price increase was an investor betting on a futures market coffee contract that made him a profit and cost you more money. Private investors, investment companies with hedge funds and huge pension funds are profiting form this oil crisis. Job well done or is it? The funds and the managers can earn millions while millions of people are going broke at the pump.
click on the links below for more detailed information. Probe of Crude Oil Trading Disclosed Commodity Futures Trading ...
Where do you think most Americans spent their Stimulus money President Bush gave out? If I were a speculator my futures contract would be on gas, credit card bills and medical fees. Presidential candidiates contemplated handing out more money. Take charge of the financial market first so we can use the money for ourselves and not the pump.
The US can import ethanol from Brazil but import taxation is making this difficult and financially unfeasible. The tax needs to be lifted and begin importing ASAP. Just to negate any arguments or debates about ethanol I pose this question. If you had no fuel in the middle of winter, were freezing and needed to heat your home would you care what you burned or where it came from? Let’s move on. Recently some amazing strides have been made in hybrids from the private sector. One group of engineers developed a hybrid yielding 150 mpg. The engineers have worked out all the flaws and made it ready for problem free production.US automakers are apprehensive about developing the product. C'mon guys wake up. You sell cars not gas. Another person is working on a truck that will be powered by magnetism. Then we have the air car that actually has an air pressure powered engine which can get up to 200 miles on a $2 to $3 air fill. The air car is on the market. Magnetic powered trucks have been in the design phase for three years and are being tested. The inventor has to seek venture capital in another country. The Japanese got their break in the US auto industry back in the 70's when our first oil crisis happened. We wanted better mpg and they supplied it. Don’t be surprised if the Japanese move in on these ideas and once again meet the needs of Americans.
We need to realize the potential for this situation to reoccur. This will be our third oil problem since the 1970's. Americans have to make this a final chapter in history by ending oil dependency and declaring a new independence. We will always have a need for oil but to unwisely deplete it and leave nothing for future generations is no different than the greed we are witnessing destroying our country. Our children and grandchildren will be here long after we have departed. Let’s not disappoint them. Americans need to work together for a better future. Alternative energies must be implemented much sooner than our present dates. Mass transit systems in our cities need improvement to reduce dependency on our cars. Vehicles using alternative fuels and engines have to be part of the conversion. We can never again allow our lives to be controlled as they have been this decade.
Tell your representative to stop the insanity of trading oil for profit on the commodity market. Take a few minutes to find them on the internet and if you can't email the person call them. Drilling for more oil and converting to other fuels is counter productive if we continue to allow investors to inflate energy costs. This is not an issue to think about. No one is paying for your gas or food. It's time to stand up for your rights and let the people we elected into office know we the American public are finished with ths abuse. WAKE UP!!
Congress ready to reform trading
Congressman Bart Stupak D-Michigan
has been working hard at reforming our country in spending, going green and alternative energy. He did an investigation into the commodities market effect on oil which ultimately led to congressional investigation. He has proposed changes that will stop speculative trading fron inflating prices for profit. The best news is an analyst testified prices could drop by 50% within 30 days after implementing the changes. To help get this underway we need to send individual messages to our state congressional reps asking them to support Bart Stupak and his plan for commodity trading reform. Maybe Mr Stupak will move onto the credit card fees and rates after he fixeds this financial mess. There two links below of videos at the congressional hearings and are worth watching. Imagine finally having a few dollars left to pay bills.
