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jsl4980 05-30-2008 02:40 PM

Interesting take on high gas prices
 
I hope this is the right place to post stuff like this, but I've seen a few good articles/blogs on reasons for oil prices being so high. If you have a few minutes for an interesting read check it out here: http://americangoy.blogspot.com/2008...es-rising.html

The second one was actually on CNN (and somewhat validates the first) http://money.cnn.com/2008/05/29/mark...ney_topstories

I'm not the writer of any of these articles, I just thought some fellow fuel conscious people would find this interesting.

SVOboy 05-30-2008 02:46 PM

Nice links, definitely interesting stuff there, :)

cfg83 05-30-2008 04:25 PM

jsl4980 -

Thanks for the links. I had been hearing that it is a speculative Enron-style bubble as well. Here is one current ongoing investigation :

Statement of Senator Dianne Feinstein at Oversight Hearing on Gas Prices and Energy Trading - May 8, 2006
http://feinstein.senate.gov/06releas...pcoversght.htm
Quote:

The hearing, “Lessons from Enron: An Oversight Hearing on Gas Prices and Energy Trading,” explored similarities between activity in today’s energy markets and energy markets during the summer of 2001, a time when Enron was manipulating markets to reap billions in windfall profits.

Senator Feinstein’s legislation would increase transparency and accountability in the energy markets so that federal government can determine if speculation, manipulation, or hoarding is occurring in the oil, gas, and electricity markets. It would: ...


CarloSW2


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