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Originally Posted by TN. TRUCKERS WIFE Hey drop 73, nice to see you here again. Yep, we've been keeping up with all the protests around the world. Also keep up with oil and oil futures daily. Wasen't aware of the banks though. Keep us posted with what you find out. |
It's the investment banks that have been gambling in the futures market. All commodities - oil.corn,cotton,soybeans,etc.
They lost their ass in mortgages so they've bought more oil in futures than Saudi Arabia has in the ground. This is why there is a "supply" problem - it's all on paper. The names are Goldman-Sachs (former employer of Sec. of Treas. Paulson), Lehman Bros., Morgan-Stanley, Citibank, Bear-Stearns.
Sound familiar?
They are trying to make up their losses out of our fuel tanks.
