Energy Glance
Transcripts and taped conversations of actions that took place in 2007, included in the commission’s case, reveal the secretive workings of high-frequency trading, a fast-growing Wall Street business that is suddenly drawing scrutiny in Washington. Critics say this high-speed form of computerized trading, which is used in a wide range of financial markets, enables its practitioners to profit at other investors’ expense.
Secrets of Alleged Oil Price Manipulation Exposed
Exxon may face hearings over oil well sabotage allegations in Texas
Texas Land Commissioner Jerry Patterson called on the state's powerful oil regulatory agency Tuesday to open hearings into allegations that Irving-based Exxon Mobil Corp. improperly plugged and sabotaged oil wells in a South Texas county after failed negotiations to reduce royalty payments.More...
Warning: Oil supplies are running out fast
The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.
Higher oil prices brought on by a rapid increase in demand and a stagnation, or even decline, in supply could blow any recovery off course, said Dr Fatih Birol, the chief economist at the respected International Energy Agency (IEA) in Paris, which is charged with the task of assessing future energy supplies by OECD countries.
In break with Bush, speculators blamed for oil price spikes
The chairman of the Commodity Futures Trading Commission signaled Tuesday that his agency is likely to limit financial speculators' ability to drive up prices for oil and other fuels.
Excessive speculation, suggested CFTC chief Gary Gensler, drove the price of oil to a record $147 a barrel a year ago, making it unnecessarily more expensive for Americans to heat their homes and fuel their cars.
Toyota's first fuel cell vehicle will be priced "shockingly" low
According to an article in Ward's Auto (subs req'd), when Toyota puts its first production hydrogen fuel cell vehicle up for sale in 2015, the price will be so low it will "shock" the U.S. auto industry. Justin Ward, advanced powertrain program manager-Toyota Technical Center, said that economies of scale will be in place to drop the price down to something that is surprisingly low.
Wednesday on TVNL Radio...400 Horsepower 110 MPG Cars, Come and Get-Em!
Live Broadcast: Wednesday, June 30th, 2008 - 8:00 PM ET.
While the establishment media tell you that 100-year-old auto companies do not have the brain power to design a car engine that dramatically improves fuel economy, Doug Pelmea went ahead and out-brained them all...or did he? Did Mr. Palmea invent some mysterious new energy technology or is he just the one person who wants the public to know that this kind of technology is not only possible, but is available now!
Iraq: the dirty “racket” of petro-politics
A racket is best described, I believe, as something that is not what it seems to the majority of people. Only a small inside group knows what it is about. It is conducted for the benefit of the very few at the expense of the masses.
I spent 30-three years and four months in active military service... I was a racketeer, a gangster for capitalism.
I helped make Mexico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefits of Wall Street. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-12. I brought light to the Dominican Republic for American sugar interests in 1916. In China I helped to see to it that Standard Oil went its way unmolested.
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