Live on C-span 1....Michael Greenberger exposes the oil market manipulations!!

[Boxerfan]

Seen him before & watch it live now-Must see TV!!


Explains how dark market trading controls US oil prices. We have a glut in oil production & low demand-he explains why prices are so high!

http://www.c-span.org/Live-Video/C-SPAN/

[Octafish]

1. Wow!

The guy's exposing the BFEE live.

Thank you, Boxerfan.

[BeHereNow]

3. Hope he stays off small planes.

And away from windows in tall buildings.
BFEE isn't going to like this at all.
BHN

[Octafish]

7. Wall Street is going to be pissed...

...almost as much as its owners.

"Shine a light on something and its behavior changes." -- Michael Greenberger

Very happy to see so many Democrats interested in the money angle of things.

For the other side... BFEE thoughts from before the great collapse of 2008.

[freshwest]

8. Wow, thanks for that link. I knew most of that, but good to see the collapse now.

[BeHereNow]

13. Gee, how I miss some of the posters who replied to that thread. (sigh)

Swamp Rat, where are you?
Thanks for the memories Octafish.

BHN

[sinkingfeeling]

2. Too bad about 90% of Americans have never tuned into C-span.

[BeHereNow]

4. Too "boring." No flash and bang or sex.

Americans want to be entertained, not informed.
Thus, Fox News and Lindsey Lohan 24/7.

BHN

[BeHereNow]

5. "STOP the betting..." Indeed.

"Constituents?
What's a constituent?" the bobble heads ask...
BHN

[Boxerfan]

6. He explains it in a very rational manner-And this video will be in thier library

So give this thread a little loving kick & send the video to people who say Obama is to blame for high gas prices.

At least get this to the greatest-Puhleez

[freshwest]

9. How many people died this winter because of these sob's? Thanks a mill for the link.

[madokie]

10. wow.

bunch of no good sob's in this world and they are mostly in the 1%'rs

[Oilwellian]

11. Link takes me to George Mitchell talking

This link takes you to the hearing and it says the video will be available shortly.

http://www.c-span.org/Events/Lawmakers-Hold-Hearing-on-Gas-Prices-and-Excessive-Oil-Speculation/10737429634/

[BeHereNow]

12. Mitchell came on after the hearing- but be sure to watch it later

When it hits the archives.
Really great segment!
It will probably take a few hours for them to
load it, but keep the link so you can watch it when you have
time.
BHN

[Oilwellian]

14. It's up now at link I posted earlier n/t

[BeHereNow]

15. Yay! Watch it! n/t

bhn

[Spider Jerusalem]

16. Who is "we"?

This is bullshit. Demand in the US may be LOWER than it was a few years ago; it is decidedly not "low". The US imports TEN MILLION BARRELS of crude oil per day. Global demand is not low; it is running at levels approximately equal to global production, and there is little spare capacity. What controls US oil prices? The fact that the US is reliant on the global market for the imports it needs to meet demand, full stop. Anyone who thinks otherwise is delusional or an economic ignoramus.

[DCKit]

17. OK, but how much more are we exporting now?

Lots more than we used to, straight from that "free trade" zone (zero taxes) in SE TX. You know, the other end of the proposed Excel pipeline.

Creative accounting and outright lies can cover a myriad of sins.

[Spider Jerusalem]

18. Exporting? A very negligible amount.

The US is exporting about 2.7 million barrels a day of refined fuels from oil that was imported in the first place; the US exports almost no crude oil. Most of the refined fuel exports consist of diesel, which there's less demand for in the US than abroad. The US IMPORTS about 11 million barrels a day of crude oil and products. Net imports are about 9 million barrels. See here: http://205.254.135.7/dnav/pet/pet_move_wkly_dc_NUS-Z00_mbblpd_w.htm