On a par with all his other plans.
Isn't that obvious?

:P

jdfu!

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NATIONALIZE THE AMERICAN OIL COMPANIES..!

IT IS THE ONLY REAL SOLUTION...!

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Speculators increasingly buy and sell oil contracts, not to fuel cars or run factories, but to profit from these paper instruments.

Hedge funds see crude oil as a lucrative investment because of political turmoil in oil-producing nations and disruptions at pipelines, oil rigs and refineries.

What you have is a lot of dollars chasing a somewhat limited supply of crude oil. This situation is eerily reminiscent of the tech bubble.

Hedge funds, which are private vehicles that invest money mainly for the wealthy, see a golden opportunity in oil and other commodities. Hedge funds are now raiding the commodities exchanges which results in higher cost for food and gasoline.

In 2005 the price of a barrel of oil was $35 US. Today, the price of crude oil has risen to $114 US per barrel. This represents a 325.71% [114/35 x 100 = 325.71%] increase in the price of crude oil.

The US dollar has dropped 30% since Bush took office. Obviously, this 30% fall in the value of the dollar does not account for the remaining 296% increase in the price of crude oil.

What is to blame for the remaining 290% increase in the price of crude oil? Hedge fund speculation--period.

Clearly, it's imperative that Hedge funds, which are totally unregulated, be outlawed as soon as possible, because if allowed to continue their criminal speculation in oil futures contracts they will destroy the World's economy.

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All his friends and cronies are getting richer, he has his retirement and health care set up for life, all looks good to him.

He even got re-elected.

I am ashamed to be a US citizen

Rod

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Then when we have it, bomb the saudis back to the stone age.

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The so-called terrorist threat presents nowhere near the danger to America than does George W. Bush. The man deserves indictment for a plethora of crimes, a speedy trial, and a good old-fashioned hanging. Nothing less can pass for justice.

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The solution to our energy problems and how to keep (or even improve) our quality of life and enjoy the fruits of cheap oil is to .... tax the oil! It is a bit too complicated to explain in a comment so I put it on a blog. Taxing oil results in paying *less* for it. Please read my opinions on this subject here: kiatoa.blogspot.com
I'll strive to improve the writeup over time. I'd love to publish it on alternet but I still haven't figured out how :-)

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The U.S. Strategic Petroleum Reserve is the world's largest stockpile of government-owned emergency crude oil in the world. The SPR was established in 1975 in the aftermath of the 1973-74 oil embargo. The goal of creating the SPR was to provide emergency crude oil supplies for the U.S. in times of national emergency. The oil is stored in underground salt caverns in Texas and Louisiana.

In November 2001, President Bush ordered the U.S. Department of Energy to fill the Strategic Petroleum Reserve to its 700 million barrel capacity. As of January 2005, it held approximately 680 million barrels.

This corner on the world's oil market explains why the price of gasoline fell in the U.S. just prior to the 2004 presidential election. Bush and Cheney ordered The Department of Energy to release millions of barrels of oil, which resulted in a huge decline in the price of oil. They did this in order to increase their chances of winning the 2004 presidential elections.

After Bush and Cheney were re-elected they ordered the Department of Energy to stock the Strategic Petroleum Reserve to its capacity of 700 million barrels of oil. As a result, the price of oil has continually risen since early 2005. This massive and completely unnecessary stockpiling of crude oil has caused a world-wide oil shortage, which is the real cause of the outrageous prices we pay for gas today.

Obviously, the oil companies, Hedge Funds and speculators are not to blame for the high price of oil. The responsibility for this dire situation rests entirely on the shoulder's of Dick Cheney and George Bush.

This also explains why Cheney would not release the minutes of the Energy policy meetings he held with energy company executives early in the first term of the Bush-Cheney presidency. The conspiracy to corner the world's oil markets would be exposed if he had released to minutes of the meetings.

Clearly, the president and the vice president are placing the economy of the U.S. in peril in order to make huge profits for themselves and others associated with them.

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We get over the idea of burning stuff for our energy needs, the BETTER. Population control would be nice too.

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be called the "Rape of the Carbon Cycle". Yes, carbon based energy sources must eventually be replaced by something better. We have spent well over a century developing the internal combusion engine and we have yet to exceed 50 percent energy efficiency in practice.

If the money spent on the developement of carbon fuels had been spent elsewhere, we might well have working alternatives. The nickel-metal hydride batteries that are in current use are based on the nickel-cadmium battery patented by Thomas Edison. We haven't moved far from the starting gate have we.

All of our current hybrid cars rely on frequent recharging. That is because they have shallow pockets. They can't do differently. The technology is not in place.

We have heat from the core of the earth which appears to be limitless. It, probably, is the ultimate atomic pile. Ordinary steam has now been engineered out to where it is commonly 60 percent efficient. We have a vast drilling industry that drills for oil. They can side step. They can drill for geothermal. It would be a closed loop. The only pollutant would be heat itself. That is an issue that is not currently being discussed.

Until we build the elevator into space, we will not be able to use space for power. The elevator cable may be more useful as a long extension cord than as a track for the elevator. That is pie in the sky. Geothermal can be done now.

Once we get cheap electricity, we can use it for cheap electric public transportation. If there is no breakthrough on batteries, we can use the cheap electricity to make hydrogen. Then the hydrogen economy can begin. There are still people who believe that a high energy density organic battery can be built. We will all believe it when we see it.

If the United States can build all of its own energy cheaply enough, we can still be economically competitive in world commerce. If not we are marching backward toward third world status. The Roman Empire had 600 years. We've shot a couple hundred already. I'd like to think that if we put our minds and our backs to it, we'd have another 400 at least.

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