When will the Justice Dept. step in and stop big oil?

I am referring to the fact that big oil are making RECORD PROFITS off of the speculators who keep basing CURRENT prices on the FUTURE prices of what oil will be 2 or 3 months from now.





Please no comments about how little they make...if that were true then we wouldn't have record reserves and record profits at the same time like we currently have.





When will the government step in and do their job of REPRESENTING the people? Gas in just another type of Utility which people depend on to survive. It means the price of food and transportation continue to rise as well as energy to power your home.When will the Justice Dept. step in and stop big oil?
Deregulation... Welcome to the New World Order, Where business interests come before the people they are supposed to serve. Where Lobby money takes the place of public stewardship, and Drunken spending is the mating call of the Gray haired Chicken-hawk Eagles...





edit; I'll be honest I am an anti-capitalist. I see the profit by a few with a whole lot of suffering for the many as an incurable evil...


Capitalism requires a certain personality type. The heavy handed Megalomaniac does well in the capitalist model because of a completely selfish internal drive... the leaders of Industry and banking historically are reputed ';bad men'; no one makes any excuse for it..anymore than anyone holds the Bush family accountable for their relations to the Bin Laden family, or the Carlisle Group who represent Saudis who we know have contributed to Al-Queada.





I don't Buy the Terrorist Myth for the same reason, extortion through fear.. it's not all that radical of a concept.. It's just as Americans we can't get our heads around the idea that we are Victimized by the very system we are ';trained'; to admire.


Globalism is now eviscerating the American dream, but that is Capitalism in it's purest Darwinian form..


Capitalism eating capitalism, excpt now.. we Americans find ourselves in it's crosshairs..





so.. the good news? after a couple more years of this we will gladly accept socialism fully the way , Norway, Holland and Sweden do now.


and we will be better off for it, for a time, but eventually that capitalist demon will come around again.When will the Justice Dept. step in and stop big oil?
Oil companies are there to give a product and make money. If there was no demand than the prices wouldnt be so high. Whether big or small oil companies, the prices will always be big. And it dousnt help that the dollar is declining.





If you propose the government tax the oil companies more, than you will just see oil prices going up even more.





Ending any subsidies for the oil industry would be a good idea. But government interference has always proven to cause more problems.
You're right.


Lets destroy all businesses who make profits.


Lets have a bunch of companies that loose money. Wait, then the economy will tank and so much for having jobs and our current standard of life.


Over 100 million people have 401K and other savings plans, which invest in corporations. Since oil companies are publiclly taded companies, their profits go into the pockets of those investors. Instead of jumping on Oil Corps, lets invest in new refineries and expand oil exploration. (increase supply)


basic economics show increase in supply will drop prices.
Not going to happen while Bush is still in office.





And honestly, I agree with you, but big oil holds all the cards now. They have completely bought off the govt. and will do whatever they want.





Just keep in mind that big oil influenced the CIA to assassinate the Democratically elected Prime Minister of Iran in 1952 after he nationalized their oil industry. Also, big oil got us into Iraq after Saddam threated to nationalize Iraqi oil and trade in Euros.
So, they're making record profits. That's good for the people whose own stocks, either directly or through 401k's, pension plans or mutual funds. It also supports their R%26amp;D efforts to increase oil production and develop alternative energy sources.





What, pray tell, are they doing that requires the intervention of the DoJ?





There's no law against making a profit.
They are not doing anything wrong. It is not illegal to make money off a commodity and companies are not driving up the cost of oil.





Also, Democrat's richest supporter (Soros) is making money from driving up food prices (commodities) and no one is complaining.
NEVER
Why didn't Bush ask them to drop their oil prices for U.S. consumers?He seems to look for all the answers in all the wrong places.
The Justice Department is part of the Executive Branch...I wouldn't hold your breath.
Enlist the fox to watch the hen-house, huh?





Yea. That'll go over real well with the best politicians money can buy, let me tell you.
They won't.





When did you flip flop and become a socialist?
when good judges are on the bench
I only hope the answer to your question is ';NEVER!';


But judging by all the thumbs down whenever anyone suggests that the market can regulate itself, I'd bet it'll happen sooner than later.





This is why the gov't should NEVER intervene in ANY economic situation in a FREE country: http://www.econlib.org/library/Bastiat/b鈥?/a>





This is why I hope the Justice Department keeps it's Socialist nose out of this situation!


http://www.econlib.org/library/Columns/y鈥?/a>
the speculative prices are a cause of concern, but thats not really what the issue is.





It has to do with supply and demand....we have to demonstrate the intestinal fortitude as a populace to enact change on our own accord for quite some time now, mostly by design (why do you think so many influential groups divide the populace?)





If we the people actually cut our consumption of oil by 5%, you would be shocked at the reaction from oil companies and our government. Our government knows that as a populace its very hard to mobilize a boycott of any large degree.





And all of this uproar about OPEC is another example of how many of us would rather blame an entity and demand they change, rather than grouping together and truly producing change. Stop driving, heating/cooling, using plastics, etc. as much. Stop purchasing or supporting anything coming from OPEC nations and start using the the very real powers that our populace and market have.





Supply and demand only works when the market lowers demand in an effort to affect the otherside......the power of NO needs to be realized.





--------------------------------------鈥?br>

Why is everyone so focused on the supply end? Why do you and others expect more out of someone else than you are willing to concede yourself?





You want these companies/nations to increase supply? Well then lower your demand.....force a change. Until they feel a pinch, we'll never be respected....





When a populace acts like 300,000,000 individuals, we are about as threatening as a cockroach.





When a populace acts like one with the strength of 300,000,000....we become the 800 pound gorilla in the room.
I think you are asking the wrong question. you should ask, when is congress going to let the oil Co's drill for new oil and build new refinery's. if these are the problems why does congress keep stopping them? It is not against the law to make money no matter how ridicules the amount is. I don't really like the oil Co's but we'd have a very hard time without them and I like congress less. Be careful whom you blame for our situation, the fault lies with the American people themselves for not paying attention and being so wasteful not the greedy oil Co's and the politicians who love to stick it to us because were to chicken-sh*t to do anything about it.
I don't see anything wrong with them using what's there do you? After all Speculators ARE bringing th price of oil up and that's THE speculators fault not Exxon Mobile. Exxon and Conoco etc. are just charging the market price that speculators are forcing them to buy it for so of course their profits will go up. Exxon is a nasty company which was at one time Standard Oil from the biggest jerk or all Rockefeller BUT I see no problems with them making money off the speculators since it's not their fault.
Lets start off by saying Big Oil does not control demand, they can only ';control'; supply (and I say control loosely). Yes we as humans on this earth need to cut back on our demand on oil in general. So lets look at the supply end.


You want Congress to stop Big Oil, they are already doing that. Here are 10 reason for high gas price, mostly because of Congress.





1) Congress will not allow Big Oil to add more drilling platforms in the Gulf. Meanwhile countries, like China, are signing 100 year leases on new areas in the Gulf.





2) Congress will not pull back on Reg's on refineries. That's the reason why Big Oil has to shut down refineries is because of the increase reg's. This is also why Big Oil has not built a new refinery in the US in over 30 years. They are too busy trying to keep the current ones open.





3) Congress will not allow Big Oil to drill in Alaska. Thanks to the environmentalists. But the new drills are alot more cleaner than they were 40 years ago when when they started to grill in the North Slope.





4) Congress will not allow Big Oil to Drill off of the NC/SC or California.





5) Congress just past legislation to sue OPEC. So what do you thing OPEC will do, retaliate? Yes, Big Oil has to purchase oil from OPEC and if OPEC retaliate that the price will go up even more.





6) Congress will not, at least during the summer months, repeal the Federal tax on Oil/Gas.





7) Congress mandates that Big Oil must add different types of additives to gas. (each additive cost something).





8) When new oil is found, the environmentalists prevent the drilling by holding Big Oil in court. We have oil to tap but the courts have them tied up. (thanks again Greenies)





9) And do not forget about the dollar. The US Dollar currently weak against other forgein currencies. And since the price of oil is based in guess what. . US Dollar, the price will remain high.





10) There is only so much oil on the planet Earth. Back during the 50's-70's gas as cheap (under $1/gallon). Why? There were Trillions of gallons of oil in the ground with very little demand. Now that demand is up, the current wells are almost tapped out, unless additional wells are drilled.





So when you say Congress needs to do something, they already do it, only the wrong way. And you want them to ';tax'; them from their profit? What are we, the USSR? Is this Communism? Go ahead and tax them, it will only be passed down to the pump eventually which means will be paying even more.


Let's cut the red tape and allow Big Oil to drill.

eye liner

Does peppermint oil help skin heal and stop itching?

try daktarin or


monostat dermDoes peppermint oil help skin heal and stop itching?
noDoes peppermint oil help skin heal and stop itching?
I think Tea Tree Oil would be better !
i dunno, but honey is supposed to help.

So what will happen to the oil companies when the US stops using oil?

I know there are others that will be buying the Oil. So will there be a major impact when America stops buying oil from overseas and starts using alternative fuel?


Will it even matter to them?


Do you think we'll find a way to make the types of plastic that need oil to make before the world runs out? (or our supply is cut off? Or price gets too high?)


Is it true that there is only about 10-20 years worth of oil left before we run out?So what will happen to the oil companies when the US stops using oil?
They will end up trying to sell their oil on Ebay :)So what will happen to the oil companies when the US stops using oil?
We will never stop buying oil, as long as there is still oil to buy.





We have probably passed the ';hump'; in world oil production just recently (sometimes called ';Hubbert's Peak';). But there will still be oil for a while.





The problem is, that with more countries becoming developed (China, India, Brazil, Russia) and requiring more oil, and with the continual increase in oil demands by developed countries, the pressure on oil will become greater just as it starts to run out. If we don't have alternative technologies developed by then, we may be in for a pretty hard landing.
i am not concerned with thier buissenss but at least oil producing countries feel secure and iraq will get freedom from america
USA will stop using oil, only when the last barrel of oil supply runs dry, which basically will mean that there will bo no oil left on earths surface, and oil companies wil be either used as musuems or sold in junkyard.





Thats it.
they will atleast stop st****** it!!!i*** is an eg.
I don't think it'll be an 'all of a sudden' deficit like that.


They'll realize that oil is becoming scarce and like everything else, necessity is the Mother of all invention, I have faith the we'll figure out a different form of energy to use. We have no choice.
They will slowly transition to become the providers of alternative fuel sources. Oil is just an easier way to make a profit. However, faced with extinction they will make the switch to fuels that hurt the environment less.
the oil compines will go broke
they use it for products like vaseline and other stuff.U.S is just a country but there are other naions who use oil too.Asia is a big continenet and it's dramtically rising like China and India.U.S does not have a lot of oil we get it from Saudi Arabia
other countries that cant afford to produce the other products will continue using oil. the u.s. isnt the only country in the world that uses oil

I have a VW Passat03 & the STOP ENGINE OIL PRESSURE wont turn off,the engine light is on and the car is shaky?

i had just picked up my vw 2003 passat at the body shop(where they were making repairs to the front of the car after someone crashed into me) and i was leaving the parking lot i got the STOP ENGINE OIL PRESSURE warning. I took it to a mechanic and he just changed the oil and said everything should be fine. The warning still comes on sometimes but now the engine light turns on and the car starts to shake. What could be the problem? Could it be something they did at the body shop?I have a VW Passat03 %26amp; the STOP ENGINE OIL PRESSURE wont turn off,the engine light is on and the car is shaky?
The idle speed sounds like it is too low. It may be also a vacuum hose leak and your engine is sucking more air than it should. Get the mechanic to look at both(unless of course your ';mechanic'; is only capable of changing oil - then he shouldn't be the one looking) Body shop wouldn't even touch the engine. Not their department.I have a VW Passat03 %26amp; the STOP ENGINE OIL PRESSURE wont turn off,the engine light is on and the car is shaky?
Engine size? 1.8 turbo? 1.8T have this problem quite regularly. You need to have the oil pressure checked. The oil pump pick up screens on this motor have a problem with clogging up. Low oil pressure will cause cam time problems, causing the check engine light to come on also. Don't drive this until you sort this out! Getting hit may have knocked lose some gunk,causing the clog.
should have bought American. that's what you get.

Why do conservatives not understand oil is the life of a nation? and stop the oil tax and tax gas hogs???????

whether you conservatives like it or not oil is the life blood of the U.S. economy ,and that of the world ,and when the U.S. economy is felled by idiotic conservative policies, beliefs ,like not taxing road hog subs the people they champion, the poor will be the first to suffer hardest,and longest,no jobs for the poor,no jobs for the middle class,no products to be sold by the rich,no tax`s to taken from the working american to be given to con/repugnent.,voters know what conservative ,it seems your beliefs will finally bring the american nation to an end,conservative beliefs brought the roman empire to its destruction,it seems as consevative beliefs will bring the american nation to its destruction as well!,. the roman empire was once a republic meaning it had a congress that ran a fair system of laws but then came the Emperor who destroyed their consistution and wanted more power and that started the fall and the beginning of the dark ages of no public works project that made them,Why do conservatives not understand oil is the life of a nation? and stop the oil tax and tax gas hogs???????
A real CONSERVATIVE would favor whatever was necessary to CONSERVE the precious and dwindling oil resources of the world. Even if that meant raising taxes to reduce consumption and even if that meant a little hardship now (in return for less hardship in the future).Why do conservatives not understand oil is the life of a nation? and stop the oil tax and tax gas hogs???????
They understand it perfectly well, that's why we are in Iraq. The price of oil will continue to go up and at some point people will start changing their behavior...especially when it runs out in 20 years or so.





PS The Roman Empire wasn't brought down by conservative beliefs -- the conservatives in Rome helped bring the Roman REPUBLIC to an end. Julius Caesar brought down the conservatives in Rome and started the process where more people were made citizens, freedman, foreigners and lower class people were brought into the government. The government under the republic was not as you described, it was corrupt and run mainly by and for the benefit of the upper classes, who held most of the power. The Empire lasted for 500 years in the west and almost 1500 years in the east.
We do understand. We have enough oil off the shores of California and the Gulf of Mexico to run this country for decades without importing a single drop of oil.





Unfortunately, a few years ago Democrats successfully sued to stop the drilling for oil off of the coast of California.





Having a secure supply of oil is a national security issue.





Edit: There is also nearly a trillion barrels of oil locked in shale rock in the Rockies. China, Brazil, and other countries have been successful in extracting oil from shale. Dutch researchers from Shell Oil are currently working in American Rockies on a new process for shale oil extraction.
Why don't the Democrats realize it and allow us to drill where we need to, build atomic power plants and use coal? Don't blame the Republicans, it was the Liberals that made up the BS about the President's comprehensive energy policy back in 2001. If you want to see an oil tax, let a Democrat get into the WH, considering that the first move a liberal makes is to either raise gas taxes or lay a stupid ';windfall profits'; tax on. Something that get passed on to the consumer in a heart beat.
They do understand, that's who is getting rich from it!
They aren't real conservatives. A Real con dosen't believe in tax except to supply the military.
conservatives DO understand oil is the life blood of our coutry thats we have been at war since Sept 11 to secure more oil








its the liberals that do not understand this they want us to pull out of the Mid East with out realizing what would happen if this country quit oil cold turkey..

Why isn't the government putting stop to oil speculation?

I'm so sick and tired of people saying on the news all the time that the current high price of oil is due to supply and demand. That is total b.s. as the world has plenty of oil to meet demand right now. However, if the Wall Stree Journal mentions that it ';predicts'; oil will go to $200/barrel, the next day the prices skyrocket. It's pretty obvious to me and a lot of other people what's going on here....it's the speculators and people like the Wall Street Journal driving prices.....I know we're supposed to have a free market and all in this country, but this is one area where we need to put our foot down and put a stop to it.Why isn't the government putting stop to oil speculation?
Not BS: It's supply and demand. Speculation goes up and down. Speculators can only effect the price slightly because other speculators would take advantage if the price was over inflated.Why isn't the government putting stop to oil speculation?
Ya!


Stop it in all countries.





How we do dat?

Why won't the Democrats stop playing politics and let us drill for oil now?

Voting them out of office is the only answer, start wit Nancy P Why won't the Democrats stop playing politics and let us drill for oil now?
The oil companies can drill right now but they prefer not to. They have no incentive because they are doing fabulously well with high prices. Did you see their latest quarterly earnings reports?





What the oil companies want is more public land to stockpile with the millions of acres of land that they already have under their control and while the Republicans will give them anything they want, the Democrats are resisting on common sense grounds.Why won't the Democrats stop playing politics and let us drill for oil now?
Because even if the oil companies didn't have millions of untapped acres already and even if they would pledge to sell the oil they drill in the US, and even if there was no way that another huge environmental disaster like the Valdez spill could happen and even if oil were not a finite resource that we need to think about getting off of anyway and even if every Republican in office above dogcatcher is in the pockets of the oil lobby and even if John McCain was against drilling before he was for it-





Even if all of that was not the case, if you sink drills today, the impact on gas prices will be as follows:





Somewhere between 2020 and 2030, you will pay a whopping 20 cents less per gallon.





Remember, everyone, this is the guy who is still trying to talk up the Gas Tax Holiday, which will save you like 5 cents a gallon and remove a lot of infrastructure.





Both proposals are similar in that they appear to be doing something, but in reality don't help nearly as much as they will hurt.
Big Oil ALREADY has 1000's of land leases to drill their little hearts out. Are they drilling? No. Would they start drilling if they were given 1000 more leases? No. Supply and demand, my friend. Flood the market with oil and the price goes down and they may go from 11 billion profit a quarter to 9 billion. Don't be fooled by election year Repug cries for more drilling, soothing the worries of the mis-informed and ignorant. Which are you? Both?
Not only the democrats but the Republicans also. Each had their turn to do something.I don't know what all the fuss is about. their has been drilling in Louisiana for years and it is known as the sportsman's paradise. I lived their all my life and all sorts of animal and plant life thrive their. The argument about endanger species etc do not hold water. As for oil spills we have had our share and guess what it always comes back to where it was before. Nancy Pelosi and the dems are totally wrong, I agree that we need alternatives but until then lets use what we have. Bring down the futures market by allowing the drilling and then lets go with the oil man T-bone Pickens he wants to make money in the future he has the right ideas. If we don't drill offshore the Chinese are planning to drill in international waters off our coast. Then we will have to give more of our money to the Chinese for their oil.
Wait a second you dimwit. If it was so gall dang important why didn't Bush try to get this done when all his republican lackeys had a majority in Congress from 2000 to 2006? Easy answer, because it s really not that important, except of course when you're trying to convince morons to vote for another 4 years for a morally bankrupt party, with no plan and no vision.
we are drilling for oil now you dim-wit


Fact :


The United States is the Worlds Third (3rd) largest petroleum producer,


though it has only the 12th largest crude reserve.





next time you put a statement in a question make sure it is correct first !





or are you just playing politics ?


if so - shame on you.
2 reasons:





1. It won't do a damned bit of good for at least 10 years. Even Bush, McSame, Big Oil, and pretty much everyone on the right will admit this when pressed.





2. Big Oil are currently sitting on 68,000,000 acres of Federal oil leases that they refuse to exploit now. Why give them a bigger piece of the National Pie to squat on??
The answer is simple, because drilling for oil will not make an immediate impact on the the daily lives of average Americans. Take ANWR for an example. Even if we did drill there, the country doesn't have the refining capacity to turn it into oil. On top of that, according to the experts that I have seen on t.v. and have heard on various CONSERVATIVE radio talk shows, it would only impact by a few cents anyway. The republicans are trying to use this as a wedge issue because they know that the average American voter is ignorant and will believe just about anything they're told to believe, ergo the so called war on terror
Consider this one way to resolve the oil situation is an army demolition team at every major commercial airport in The U.S.A. After draining the jet fuel out of jets they army can then blow up the airports and end the problem once and for all. Other means hiring auto thieves to help bring cars to chop shops. This reminds a person of a film called The City which Ate Cars.
We should make cars that run on air or water. No more oil drilling. It's polluting the air and water and everything else~ If the north pole and the south pole melted, 1/3 or the earth will be under water, and you want to drill on north pole? That's insane!
These Democrats are OWNED by the far-left environmentalist lobbies, and they WILL NOT allow any progress to be made on this issue. Why? Because their goal is to destroy our economy, and have us all riding around on solar-powered skateboards.
The Democrats are not listening to any one about oil solutions. They been sleeping since they got control of congress. We have to show them how much we appreciate their promises and vote them out. They just say and don't do.
Nobody is stopping you from drilling. Big Oil has hundreds of thousands of acres under lease... they don't want to increase their drilling and refining.








Haven't you figured that out yet?
Because the idea that drilling for oil is a solution is just a political ploy. No evidence supports the claim.
Because they have to cater to enviromentalist that won't allow the companies to drill becasue they fear another oil spill.
They're not ';playing politics'; - they're on vacation.
because many of their supporters are environmentalists, and they need to keep them happy so they can be president





i really think neither party really has a good candidate this election
Because drilling is a smokescreen, not a viable option.
Add Harry Reid to your list.
The Democrats reckon that the unhappier you are with energy prices and everything else in your life in November, the more likely you are to vote for a Democrat. Hopefully, they will turn out to be incorrect.



they are so overly concerned with the environment that they put it before the interests of the american people. That rat Pelosi says she is ';trying to save the world.';
They're too busy passing bills about people's feelings

eye liner