Drill 4Oil Now.org

Drill 4 oil now.org ^ | 7-11-2008 | Drill 4 Oil Now.org

[Foolsgold]

Our mission is to inspire Americans to pressure their representatives in government to do what’s necessary for the United States of America to become energy independent. Included in this mission is a commitment to remind all American Citizens of the powerful premise on which our Constitution was based:

[Foolsgold]

The website has been created to dispel the Environmental Lobby’s "less-than- honest” list of reasons for America not to seek energy independence. Some of these “reasons” border on “hair-brained.” For example, just the other day we’re told that we must start building "Lily Pad floating communities to save the survivors of Global Warming." The melting ice will flood land, and create islands; even causing the City of London to go under, leaving millions of people without a place to live. The next news story? Charlotte S.C. temperature hits 123-year low on July 2nd, 2008.

[mouse1]

FLOOD CONGRESS WITH YOUR CALLS TOMORROW JULY 15
TELL YOUR FRIENDS FAMILY NEIGHBORS AND COWORKERS

ENOUGH IS ENOUGH
DRILL HERE DRILL NOW

CONTACT CONGRESS JULY 15TH
LET THEM KNOW HOW YOU FEEL!!

[i_dont_chat]

When is legislature going to be passed to prevent crude oil commodity trading from manipulating the “law of supply and demand” regards crude oil?

In short, there are no curbs to prevent commodity traders from buying huge amounts of crude oil – WITHOUT TAKING DELIVERY – and thus preventing the supply from being replenished. The traders are CREATING a shortage and at the same time, benefiting from the rise in cost.

http://www.citizensvoice.com/site/news.cfm?newsid=19757457&BRD=2259&PAG=461&dept_id=455154&rfi=6

The PUMP Act — Prevent Unfair Manipulation of Prices.

Under the current model, traders can buy oil and natural gas even though they don’t have to deliver the product to consumers. Other commodities (like corn, for example) require taking delivery on a percent of the purchase – thereby keeping the supply open and flowing. Not so with crude oil — they don’t have to move any product. The traders own it, but the product stays in place, and clogs up the supply. In other words, the movement of crude oil comes to a stand-still. In simple terms, production stops, the pipes are full, and prices soar. That’s exactly what is happening.

Our free enterprise system is balanced by the law of supply and demand. The price of crude is being is manipulated, not by supply and demand, but by hoarding by commodity brokers.

Why isn’t anyone talking about this?

[tcostell]

No one is talking about it because it isn't true. You just don't understand how commodity markets work.

Prices are not being manipulated.

[jdsteel]

You beat me to it! People that blame speculators are either ignorant of the facts or a “useful idot”.

[jdsteel]

Idiot...what a word to misspell!!!!

[houeto]

Why isn’t anyone talking about this?

ummm.....methinks that thou art about to be edumacated. -10 sp.

[RightWhale]

Why isn’t anyone talking about this?

Everybody who wants to know already knows this is bogus.

[tcostell]

That’s nothing, I’m dyslexic... you should see my spelling. At least your mistake was just a typo.

[bannie]

Spelling is waaaay over-rated!

Shakespeare even spelled his own name in different ways.

[JamesP81]

In short, there are no curbs to prevent commodity traders from buying huge amounts of crude oil – WITHOUT TAKING DELIVERY

In order to not take delivery, a trader has to liquidate his long positions before contract expiration. That means the oil he did have is now back on the market, which would reduce prices in the nearby.

In short, no one's talking about it because it's a flawed concept.

[houeto]

The traders own it, but the product stays in place, and clogs up the supply. In other words, the movement of crude oil comes to a stand-still. In simple terms, production stops, the pipes are full, and prices soar. That’s exactly what is happening.

Hey thackney, y'all have any blocked valves where you're at? Here on the coast our pipes are b@lls to the wall!

[Southack]

Bush has lifted the ban on offshore oil drilling, and the Congressional ban expires on September 30 of this year.

WE WILL DRILL!

[i_dont_chat]

Here on the coast our pipes are b@lls to the wall!

What does this mean?

[houeto]

It means we are pumping everything we can. There are no closed valves. There is no oil or gas just sitting in the lines. That’s what it means.

[CPT Clay]

Bastille Day?