[SidneyTawl]

North Brent Crude has risen in price today. Currently around 89cents higher for the day.

Light Sweet is down for the day but way off the lows and hanging around 35cents.

The price difference between Brent and Light Sweet is now only around 55 cents.

What is causing the price closure. Its been going on for a week or so, but today is the most extreme I can remember. They were a few dollars apart not that long ago and traded that way for quite some time.

any ideas.

[Boiling]

Check this site about supply and reserves. It is obvious from this report the prices at the pump are NOT related to shortages, reserves, etc. What are the oil companies trying to hide? Maybe pending law suits and pending possiblities of having to pay billions of dollars to people they owe for royalties and illegal land transfers. That is what www.wallingheirs.net is saying.

http://www.nypost.com/business/22624.htm

[clv101]

Boiling, I can't help thinking this Walling business is a load of complete and utter rubbish. The price we see at the pump is derived from the global oil prices; the global oil price isn't effected by some 150 year old Mickey-Mouse mineral rights claim.

As we approach global peak oil and markets become tight we are going to be bombarded by miss-information and dozens of different reasons to explain the situation. Some like this will ask for money.

[DaGrizz]

Boiling, You are correct the securities issue was DISMISSED!! and I also heard that channel 9 is owned by the oil companies.Aahala if you would read to the end of the page on the securities thing.THE HEARING OFFICER IS RELUCTANT TO FIND THE EVIDENCE OF A FRAUD OR DECEIT ON THE RECORD BEFORE HIM...THE ATTORNEY GENERAL The case was later dismissed.And back to Channel 9 the person doing the interview secretly was taping Ms. Thedford without her knowledge then afterwards took this tape back to the studio and edited it to make her sound like a scamer!!! Where Is this UNBIAS REPORTING?? I ask this question again What do the oil companies have to hide?? Why stoop to these tactics?Why not just pay what is rightfully owed to these people?We have to pay our bills why should't the oil companies pay theirs???

[j_bumble]

$this->bbcode_second_pass_quote('maverickdoc', 'h')ttp://news.yahoo.com/p/v?u=/ap_av/20050328/av_ap_us/1473ae506e6c48fa8e7058685224cb6d&cid=448&f=53746353

[Boiling]

clv101

Perhaps, but who would have ever thought a woman who spilled hot coffee on her crotch would have ended up with millions and millions of dollars from McDonalds? What do you think is the cause of such high gasoline prices? It is well known that it isn't shortage!

As I stated before I am open minded to the whole issue. I don't wear blind folds. I will be very interested to see the outcome of this situation.

I don't believe just mineral rights is the complete issue with Wallings from what I read. Obviously thousands of acres of land was broken up and sold in tracts which was not acquired legally by the people who sold them. There is no statue of limiations on fraud if there is fraud involved here. Selling land that doesn't belong to someone is fraud.

[clv101]

$this->bbcode_second_pass_quote('Boiling', 'W')hat do you think is the cause of such high gasoline prices? It is well known that it isn't shortage!

[Boiling]

I could give you several articles regarding the fact of shortage, etc, however I will just give you one to read. Keep in mind also, the US has just gotten control over the second largest oil reserve in the world, Iraq. That does not spell 'shortage" to me.

http://www.nypost.com/business/22624.htm

[Boiling]

And, I will also add, how did they get the control over the Iraq oil? They TOOK it just as the Wallings are saying they TOOK theirs. Appears to be a pattern here to me.

[j_bumble]

$this->bbcode_second_pass_quote('Boiling', 'I') could give you several articles regarding the fact of shortage, etc, however I will just give you one to read. Keep in mind also, the US has just gotten control over the second largest oil reserve in the world, Iraq. That does not spell 'shortage" to me.

[Boiling]

Even if control did remain in the Iraqi's hands on paper (per-se) (for appearances) the oil companies and the current administration will be who controls it. The Iraqis doesn't have the resources to market it as the oil companies do. The oil companies will be the ones to reap the largest benefit from Iraqi oil.

[DaGrizz]

aahala:What do you have against the Wallings?? Do you know something we're not seeing??I think these people have a real claim what do you know that I don't?Help me see the light!!

[Boiling]

Well after heavy investigating into this DaGrizz, I for one intend to buy into it because I have a very strong feeling a good amount of funds will be gained by these Walling people.

For me it is worth the small amount of funds they ask to be donated for legal fees to have the chance to share in billions of dollars.

Thanks for putting this information on here!! I think we are all in for a BIG surprise once this breaks open to the public.

[aahala]

$this->bbcode_second_pass_quote('DaGrizz', 'a')ahala:What do you have against the Wallings?? Do you know something we're not seeing??I think these people have a real claim what do you know that I don't?Help me see the light!!

[Boiling]

aahla,

The Walling case has been in the court systems for several years, (Check Canton Texas records) and the oil companies keep finding ways to block them. It will finally come to a head because of the Walling's persistence and it will probably open a Pandora's Box for others to do the same. The oil companies are trying to fill their pockets before it does. GET READY!!!

You should read the following news article. This would explain what this post is trying to tell you all about the illegal doings of oil companies. There will be other cases filed against oil companies shortly.

I am going to join the Wallings and contribute for their legal costs in order to have a chance to share in the winnings because I think they will win!! The oil companies are finally getting caught!! The following Alabama case is just a start!!

www.wallingheirs.net


**********Major Gas Pains For Exxon Mobil**********

MONTGOMERY, Ala., Nov. 14, 2003

The state hired two of Alabama's top plaintiff law firms, on a contingency fee: nothing if they lost and 14 percent of the judgment if they won.

(AP) A state jury returned an $11.9 billion judgment against Exxon Mobil Corp. on Friday in Alabama's suit over disputed natural gas royalties.

The jury awarded $63.6 million in compensatory damages and $11.8 billion in punitive damages.

The award was more than the $9.3 billion that the state's attorneys had asked the jury to return after a four-week trial.

"We felt Exxon thought they were going to get away with this," said jury foreman Joe King, a Montgomery teacher. "We wanted to send a message that they were not, and that this corporation can't get away with doing wrong."

Jurors had to find Exxon Mobil committed fraud to return the multibillion-dollar verdict Alabama sought. They deliberated 4½ hours Thursday and about two hours Friday.

The state sued Irving, Texas-based Exxon Mobil in 1999, contending the company had violated its leases for natural gas wells in state-owned waters along the Alabama coast.

The state accused the company of cheating Alabama out of millions of dollars by intentionally deducting too much in expenses for operating the wells.

Exxon Mobil's attorneys said the company has followed its leases with the state and owes Alabama nothing.

The case was first tried in 2000, when a Montgomery jury awarded the state $3.5 billion. The decision was overturned by the Alabama Supreme Court, which said the jury was wrongly allowed to see an internal oil company memo. That prompted a new trial that began Oct. 20.

In closing arguments Wednesday, state attorney Robert Cunningham said the state government had been shorted $63.6 million in royalties and that the loss could have climbed to as much as $930 million over the 30-year life of the natural gas field in Mobile Bay. He asked the jury to return a verdict of up to 10 times the potential loss, or $9.3 billion.

Exxon Mobil's attorneys said Alabama used a new kind of a lease for wells along the coast rather than the standard industry lease. The oil company argued that its payments to the state were in line with memos from the state Conservation Department that said the company could deduct the "reasonable direct cost of manufacture and transportation."


By Philip Rawls
©MMIII The Associated Press. All Rights Reserved.

[cspchief]

I HAVE ALREADY PURCHASED MEMBERSHIP IN THE WALLING ASSOCIATION. I cannot believe what I have read about the injustice done to this family. This suit is to be filed either this year or next is what it sounds like and after it is filed no one will be able to become part of it.

And as far as the guy who keeps bringing up the FTC...they backed off and are allowing new members as "collateral" heirs...I should know because I was successful in buying two memberships.

If you think for a minute that the oil companies are not worried about this suit then perhaps you should ask why they work so hard at blocking it from getting to the courts.

Snooze you lose....better get to www.wallingheirs.net and help out, if it loses you won't lose much....but if it prevails you will have lost millions because of your skepticism.

[DaGrizz]

Well said Chief. I cant believe what the oil companies have gotten away with over the years!!!I guess it goes to show what BIG money can do for you.But I think their luck is about to run out! Justice will be done this time around and I'm happier than a "jackass eatin jaggers" that we too have decided to join this . Boiling that settlement looks like another reason the prices at the pumps are the way they are! Cant blame it ALL on IRAQ!!

[BabyPeanut]

Has anybody actually seen any of the money from Exxon? Was there a final verdict? Did Exxon actually pay anybody anything or was it just a lot of words on paper?

[Boiling]

You should ask the State of Alabama that questions BabyPeanut. I can pretty well guarantee you if they haven't "seen" money from the oil companies yet, they will.

[And_Justice_For_All]

I personally find it interesting that aahala was able to surmise all that information about the Wallings & Mrs. Thedford when there isn't any of it on their website.

That kind of information usually comes from "insiders" with intimate knowledge of the lawsuit and the parties. I would say that you know more than you are letting on. Nothing personal because I don't know you. But your post about all this research into this case seems a little biased.

I hope that these people win in court. Someone has to stop the oil companies from doing what they are doing. It should be criminal.

If you are a royalty owner like me, you know that it is a mere drop in the bucket to what is actually pumped and sold. You also know that the oil companies and producers aren't pumping as much as they could pump, and therefore, won't have to pay very much in royalties.

Let justice be done!