[threadbear]

$this->bbcode_second_pass_quote('cube', 'O')il isn't the only thing that has gone up in price.
However I guess commodities like corn, wheat, and rice just aren't "sexy" enough to deserve their own conspiracy theories.

[AirlinePilot]

$this->bbcode_second_pass_quote('threadbear', 'T')he difficulty I have AP, is the idea of the fed stepping in and subsidizing any corporation that has been acting, since the Bush admin took over, like an unregulated monopoly. And I mean unregulated from an anti-competetive law, point of view, not from an environmental or safety perspective.

If you watch the film "Who killed the electric car", it seems obvious that both the car industry and it's sister, the oil industry, are sympatico, and will, at the last moment cry for even more govt help. A great head scratching "how could we have known?" moment will follow. And that will be utter B.S.

And btw, am not anti-American. When I see how your country is being gutted and many jobs outsourced by the corporatocracy and 40 million more good jobs set to be outsourced, it makes me ill. This, together with what appears to be an emerging police state is scary, as it doesn't bode well for Canada. We won't be able to maintain an open society, due to proximity.

[cube]

$this->bbcode_second_pass_quote('threadbear', '.').. Corn and wheat are linked directly to the price of oil. And with the subsidies and perks provided to the corn ethanol industry, there's plenty of organized opportunism here.

[threadbear]

$this->bbcode_second_pass_quote('cube', '')$this->bbcode_second_pass_quote('threadbear', '.')..Corn and wheat are linked directly to the price of oil. And with the subsidies and perks provided to the corn ethanol industry, there's plenty of organized opportunism here.

[cube]

$this->bbcode_second_pass_quote('threadbear', '.')..Would you like me to post links to articles about cases where companies were fined for doing just that? Archer Daniel Midlands springs to mind, right off the top of my head. If these things never occurred why are there laws to deal with them?
Do you want me to do that? I'd be happy to oblige.

[threadbear]

It astonishes me, Cube, that you think conspiracies don't happen. They're not uncommon and if you read the business pages of the most conservative newspaper, you become quite familiar with them. In truth, you don't read them, do you?
There seem to be a lot of corporations actually being charged with conspiracy, for conspiracies not to exist. Just off the top of my head.
link

And more to the point, real behind closed doors stuff.
HealthSouth, a leading HMO....
According to the information, members of HealthSouth’s accounting staff would meet to discuss ways to artificially inflate HealthSouth’s earnings in order to meet Wall Street expectations. These meetings were known as “family” meetings and the attendees were known as the “family.” At the meetings, “family” members discussed how members of the accounting staff would falsify HealthSouth’s books to fill the “gap” or “hole” and meet the desired earnings. The fraudulent postings used to fill the “gap” or “hole” were referred to as the “dirt.” link

Oh, and perhaps you should drop this judge a note and let him know conspiracies don't happen:
"Monsanto et al . . . Judge Allows Antitrust Case Against Seed Producers" by David Barboza New York Times 24 Sep 2003
CHICAGO, Sept. 23—A federal judge on Friday let proceed an antitrust case that accused the Monsanto Company and other big agricultural seed giants of conspiring to control the world's market in genetically modified crops.

But Judge Sippel allowed the antitrust portion of the case to proceed, possibly setting the stage for a court battle over whether the world's biggest producers of agricultural seeds got together in the late 1990's to fix prices and control the market for those valuable biotechnology seeds, which are now planted on more than 100 million acres worldwide. link

Archer Daniel Midlands? “Rats In The Grain” is a 400+ page study of the trial of three ADM executives arising from the 1990s price fixing scandal that saw the company plead guilty and be fined $US100 million (followed by similar scale fines in Canada and Europe, also for price fixing). The company had secretly met with its Japanese “competitors” and rigged the price of lysine, an animal feed additive. The same happened with citric acid and high fructose corn syrup, but no charges were ever brought in relation to them. Following the settlement of the civil case, three senior executives – Michael Andreas, Terry Wilson and Mark Whitacre – faced criminal charges arising out of the same international price fixing conspiracy
link

[cube]

threadbear, I never said there weren't people out there who "attempt" to conspire. There's a difference between attempting and keeping it up. The problem with "price gouging" is you start making more enemies then friends real quick. No matter how powerful a person/corporation/or even an alliance of nations....how long can such a plan last?
The fact that you were able to produce these links suggest somebody got their ass busted.

[threadbear]

$this->bbcode_second_pass_quote('cube', 't')hreadbear, I never said there weren't people out there who "attempt" to conspire. There's a difference between attempting and keeping it up. The problem with "price gouging" is you start making more enemies then friends real quick. No matter how powerful a person/corporation/or even an alliance of nations....how long can such a plan last? The fact that you were able to produce these links suggest somebody got their ass busted.

[cube]

$this->bbcode_second_pass_quote('threadbear', '.').. The fact that I produced these links, obviates your argument. ...

[something_awfull]

$this->bbcode_second_pass_quote('', 'B')ut across the world, 86 million barrels of oil are produced every day, which at the moment is sufficient - not least because consumption in America, which burns a quarter of the world's supply every day, is actually declining
Alarmists also say that the world's oil supplies have passed their "peak", that the world has consumed half of all its oil and that the remaining one trillion barrels will be gone by 2025. This is quite simply tosh. [...] There is no oil shortage. The fact is that we are all being forced to pay an artificially high price because of a combination of factors. Daily Telegraph

[mmasters]

link

[something_awfull]

$this->bbcode_second_pass_quote('pstarr', 'M')an. Do you have a lot to learn. Got diapers

[drgoodword]

I think this article gets the award for least-researched piece of the year.
$this->bbcode_second_pass_quote('', 'S')o throughout the pain remember two things: all price bubbles burst, and there are still vast untapped oil fields that will supply the world's needs for centuries to come.

[kpeavey]

If the journalist were to post something like that in here, he'd be stomped on so bad he'd have to go back to serving hamburgers, giving up writing altogether

[Precipice]

Ah the Daily Telegraph, Sydney's finest shit-rag; it is to Newspapers what McDonalds is to food (on a good day!). It's also owned by Rupert Murdoch of Fox News fame, don't cha know?

[GeoJAP]

So SomethingAwful has invaded the PO forums. SA, oh my.

[Twilight]

Wow, every single point was an opinion the author failed to fact-check.

[Tanada]

Does anyone have a reliable formula for the ratio of Crude spot WTI price and wholesale price paid by the retailer? Retail price has taxes added to it so it will change state to state or even county by county in some cases.

Now that WTI is back in the low triple digits again the retail price doesn't seem to be reflecting it like I expect it too. How long will it take for the increase to be reflected at my local station?