All of the show in interesting but the second half where Max interviews Leah covers the oil prices around the world and how they are manipulated and by who. [ame="http://www.youtube.com/watch?v=BBhniOK0J3w"]YouTube - ‪Max Keiser Report 159 Waterboard Bernanke Again‬‏[/ame]
Granny says dem Arabs an' Big Oil an' speculators is all in cahoots together... Gas prices: Down but big slide may be over July 10, 2011: The two-month drop in gasoline prices across the country has stopped, according to a survey published Sunday.
Higher gas could put damper on economy... Gas prices turn up, could put damper on economy 21 July`11 : So much for relief at the pump and some much-needed fuel for the sputtering economy.
BP gettin' fat off high prices... BP reports quarterly profit of $5.3bn 26 July 2011 - BP made profits of $5.3bn (£3.2bn) in the three months to 30 June as higher oil prices offset lower production.
Isn't it nice that OPEC prices are always LESS than non OPEC or domestic prices? And isn't it nice that Arabia, Kuwait and the UAE have raised production twice in the past two months by 400,000 barrels per day??
There used to be a law (I forgot its name though), ever since the 1929 great depression, that prohibited a money to trade in commodities if it also traded in stocks/bonds. Also, merger between investment banks and merchant banks were outlawed. Plus many more laws, to ensure the stability of all markets, that they can't be cornered, and so on. Guess what, the 2000-2008 Bush administration got rid of each of these safeguard laws. As a result, commodity merkets, such as oil, will never be free again.
Granny says dem oil companies, an' speculators, an' Arabs an' bankers an' politicians is gettin' ready to get in cahoots together again... Downtrodden Oil Prices May Be Poised to Spike 9/23/11 - Oil prices plunged below $80 Friday as European debt panic slammed into the markets with the downgrade of eight Greek banks by Moody's Investor Service and traders liquidated positions to cover margin calls.
WTF? It's their oil they can set whatever price they want for the stuff. What the hell is this "oil prices are manipulated" and that's NEWS TO YOU? It's called CAPITALISM and when you own a product, you sell it for the best price you can get and you don't flood the market with you product so that the price drops to low. It's COMMON SENSE. How is oil different then any other commodity? Would you complain about the price in Pork Bellies going up because the largest Pork belly producer decided to cut back on production of pork bellies? It's a commodity and the owners have the right to set whatever prices they want. There is no such thing as "gouging". You sound just like one of those (*)(*)(*)(*)(*)(*)(*)s in the local convienience store yelling at the owner over "gouging" and the owner looked at the dude and said "It's my gas and I'll charge whatever the (*)(*)(*)(*) I want and if you don't like it go somewhere else!" and that's the point! Are Americans the only ones who beleive in Capitalism anymore and the selling of a product without some price control to weigh down the transaction? WTF do aussies care about the price of oil anyway? The only nation where the price of oil matters is the USA becasue we all rely on vehicles for our everyday lives. I just don't understand this constant hostility towards any kind of business practice that actually increases profits. When did Profit become a dirty word in Western Civilization?
Excuse me its their oil, where abouts are they drilling for this oil, no its not their oil as usual the capatalits are raping other countries oil stocks paying them peanuts to do it and stock piling this oil in their holding yards Then they get speculators to speculate and the price of hydrocarbons fluctuates all because of these imbiciles. When fossil fuels were first realised it was said about them cheap energy for the world, thats until these creedy business moguels ending up owning all the oil companies along with banks and what not. Is this what you call a free market? Is this a fine specimen for capatalism? Well then if you consider this to be capatalism then i say capatalism and communism are two sides of the same coin, they both pretend to be something there not. All businesses work on a profit margin of sorts, its funny how the oil companies profit margin changes daily, while other business profit margins dont. I hate capatilism it sucks its the brother or sister of communism or the otherside of the same coin, that is just like communism it puts the wealth of the nation in a few peoples hands. Yes and i'm sure you would consider the green back a commodity too, i guess thats why you guys owe $14.5 trillion dollars, thats what happens when you dont regulate capatalism it becomes fascism with a dictator. People always protest when they get shafted, i guess most of us know when we are being shafted too. You can have it, its one of the worst systems ever invented. If capatalism worked properly without these business moguels manipulating everything from oil to food and all in between, i guess it would be OK, but like communism too few run everything for the many. With fair play sure most people could get into a system like that, but where is fair play to be found? if businesses operated like they should the world would be a much better place. To start with go have a look at your banks and the fed and then come back and tell me about believing in honest business systems.
I cant see how Greece going down the gurgler will have any effect on oil prices, is Greece a big producer of oil? well NO. Then again they said the downfall of drumbuie sales was also because of the Greek crises.
