FUCK YOU CNN!

[Subdivisions]

I was just watching Lou Dobbs. The woman sitting in for him is Kitty Pilgrim. She gave this report on the oil market:

"Oil rose to new record high today at over $83 per barrel. The price rose as a result of storms in the Gulf of Mexico." (paraphrased, but accurate).

Tell me how the FUCK anyone can tell you the price of a barrel of oil today is caused by storms currently in the Gulf of Mexico! A storm in the Gulf of Mexico today CANNOT affect today's per barrel price of oil!

Fucking LIARS!!!

It took three goddamned weeks for Hurrican Dean to finally show up in the oil market, for chrissakes!

I HATE THIS FUCKING BULLSHIT!!! I'M SICK AND TIRED OF IT!!!

[Jacobin]

1. The futures market

They anticipate events, whether correctly or incorrectly and move the markets

[Donnachaidh]

11. anticipate? It's more like plain old fashioned driving

Next we'll be hearing about a *possible* storm that *might* hit during the end of the hurricane season is making the price go up to $95 a barrel NOW.

Anticipation doesn't require backroom deals with oil barons.

[happydreams]

2. Thanks for citing this. These assholes say this cause and effect shit all

the time. PBS (emphasis on BS) Nightly Business Report does the same thing.

[Deja Q]

3. The debate behind $80 oil

http://money.cnn.com/2007/09/20/news/economy/oil_execs/index.htm?postversion=2007092016

Industry executives say there's no reason crude prices should be anywhere near current levels. Others say the fundamentals are there, and Big Oil is playing politics.

[Rex]

4. Be calm, CNN is part of a cabal to misinform the public and

to keep us in the dark about news that would harm the federal governments 'image' in any way shape or form.

To call CNN a news organization is half true, to call it a RW propaganda company is far more accurate.

Just don't watch and tell everyone you meet that talks about the news that the M$N is about MONEY and not NEWS.

[spanone]

5. don't blame CNN. blame chenee & the petrochemical biz

[tularetom]

6. Turn it off for crissakes

You can find out anything you need to know right here on DU. You don't need to rot yer mind watching that crap on cable (excepting Countdown of course). Your blood pressure will go down and you'll sleep better.

I'd get rid of the friggin TV completely if it weren't for Olbermann, Mythbusters, Outdoor Life, and football.

[Selatius]

7. Hurricane Dean didn't hit oil rigs in the northern Gulf of Mexico, but Humberto did hit some of them

Same thing with Katrina, except Katrina was a category 5 storm.

[Macchendra]

8. And for trying to frame "corporate insurance subsidies" as "socialized medicine" n/t

n/t

[malaise]

9. Well they did clear the rigs because of the threat

of a storm but I doubt that has much to do with today's price.

[Rockholm]

10. Last Thanksgiving we made a bet.

I bet that oil would top $100 per barrel before it dropped back to $50 per barrel. Methinks I will win this bet (albeit I won't like winning because we all lose).
(Kicking myself) I should have bought oil stocks before the invasion.

[liberal N proud]

12. That was the card she pulled from the deck

It is called the high oil price card, The NEW Monopoly game.

[Turbineguy]

13. Well, look at it this way

Fox news would be saying "Oil closed above 83 dollars a barrel. Palestinian terrorists...."

[Hieronymus]

14. Kitty Pilgrim is another goddamned nazi.

[TexasLawyer]

15. The US dollar has been sinking like a rock.

That might have something to do with it.

[madokie]

16. I'll say it again, quit watching or listening to them

I done it a couple months back and instead of going to another channel I just turned the teevee off, now its morning local news, 6 to 7 am then 7-8 pm with KO. Ah just think of all the kilie watts I've been saving ;-)