TYT: Cenk's Take On Republicans Siding With Big Oil (Again)

[ihavenobias]

Run time: 03:56 https://www.youtube.com/watch?v=0G9TBRzADN4   Posted on YouTube: June 12, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: June 14, 2008 By DU Member: ihavenobias Views on DU: 1249

 
Also check out Cenk Celebrates, Habeas Corpus Is Back! 'This Is As Big As It Gets': http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x147269

And listen and Cenk explains why one of McCain's potential top VP picks might be crazy: http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=385&topic_id=147032&mesg_id=147032

PS---Keep in mind that you can download the first hour of The Young Turks free every day through Itunes. Also, the show loops 24 hours a day at www.theyoungturks.com

[CherylK]

1. K & R! I have actually heard some republicans trying to blame democrats for gas prices

The new thing to say is that gas would be dirt cheap if only the democrats would let us drill, drill, drill!!!

They are nuts!

[OhioChick]

2. I've heard the same, Cheryl....

It's ALL the Dems fault. It's amazing how many of the sheeple believe them.

K&R

[bulloney]

7. The refineries in this country are running at about 85% of capacity.

During the merger-mania of the 80s and 90s, the big oil companies were buying small refineries and shutting them down. Oil companies haven't built a new refinery in this country in 30 years.

It seems to me that Big Oil has systematically created their own "shortages" for the past 30 years.

[gateley]

3. Is that their justification for this vote, I wonder?

To try to FORCE drilling? ("energy exploration" as Frank Lutz renamed it).

[Deliphus]

9. Re: gas would be dirt cheap if only the democrats would let us drill,

Funny how they weren't saying that when Bush bought $18 mill offshore leases in Fla for $113 mill when brother Jeb was facing a lost election.

Jeb won. The oil companies won (nice fat profit for doing nothing). The only ones who lost were the taxpayers.

PS NO Democrats were involved.

[Just-plain-Kathy]

10. When I hear some idiot blame democrats for us not drilling here at home...

...I remind them that republicans ruled every branch of our governemnet for six years (2000-2006) and nothing was changed.

[gateley]

4. Through much of Bush's terms

I assumed the Reps were falling in line because of enormous pressure from the top.

Now, I just don't get it.

[TheFarseer]

5. Good Vid

I was just thinking, I have watched ALOT of these Young Turk videos and I don't think I've ever disagreed with anything he's said, which is unusual for me because I'm all over the place politically and policy wise.

[Window]

6. K/R. Thanks for sharing ihavenobias.

Republicans

:nuke:

:kick:

[GrimReefa]

8. Amen about the politics of this

This doesn't make any sense. Let the bill get through, and then let the Preznit veto it. He'll take the PR hit, sure, but at this point, to use another movie analogy, W is like the guy who is about to get stoned to death in Life of Brian, kicking the sand and yelling, "Making it worse? How could it be worse??!"

[autorank]

11. They can pour that oil over their cereal k*r

Did you know that

From a great article by Mike Whitney, a constant commentator on the financial mess we're in:
http://electionfraudnews.com/MoneyParty/MikeWhitney.htm

As far as" buying on margin" consider this summary from author William Engdahl:

"A conservative calculation is that at least 60% of today's $128 per barrel price of crude oil comes from unregulated futures speculation by hedge funds, banks and financial groups using the London ICE Futures and New York NYMEX futures exchanges and uncontrolled inter-bank or Over-The-Counter trading to avoid scrutiny. US margin rules of the government's Commodity Futures Trading Commission allow speculators to buy a crude oil futures contract on the Nymex, by having to pay only 6% of the value of the contract. At today's price of $128 per barrel, that means a futures trader only has to put up about $8 for every barrel. He borrows the other $120. This extreme" leverage" of 16 to 1 helps drive prices to wildly unrealistic levels and offset bank losses in sub-prime and other disasters at the expense of the overall population."

The speculators control as much oil as the Chinese government. Why isn't the above and that fact
shared with the public? Probably because they're extremely angry about all this and that fact
points to culpability through inaction.

Who are these speculators anyway? Are they the ex - ENRON folks?
http://electionfraudnews.com/MoneyParty/MikeWhitney.htm

Of course, there is one other possibility, but if that possibility turned out to be right than it would cast doubt on the legitimacy of the entire financial system. In fact, it would prove that the system is being rigged from the top-down by our friends at the Banking Politburo, the Federal Reserve. Here goes:

What if the investment banks are trading their worthless MBS and CDOs at the Fed's auction facilities and using the money ($400 billion) to drive up the price of raw materials like rice, corn, wheat, and oil?

Could it be? Could the Fed really be looking the other way so it can bail out its banking buddies while they drive prices skyward?

Whitney allows me to reprint his articles. He publishes regularly in Information Clearing House and Dissident Voice.

Great stuff.

[happydreams]

12. hmmmmm, the REpukes don't care about the political consequences...

of their acts. Why should they when they cheat to win. None of the voting "anomalies" ever favored the democrats. The repugs reason for existence now is to simply obstruct the dems.

[democracy1st]

13. LOL Kick