03-20-2003, 06:58 AM
you are correct about lined pockets getting deeper, they use any excuse to raise prices, a week end a holiday, John wilks Booth's birthday is used as an excuse to raise profits.
provided you could buy oil stock (blue chip) you would make a bundle, except when they use the excuse that war is raising the price of oil when the truth of the matter is that the United States Government is buying up all brands and grades of refined fuels. This is the main reason for the price hike, not a shortage. the government gaurentees a high price for the product it buys and this in effect raises the unit price hike on our end.
I have seen this 6 times in my life span. it is fact and not fiction. Nixon managed to do the vary same thing back in the 70's with out war, buying and hording semi refined crude oil and pumping the stuff back in to the oil caverns in california.
there was a large article on this subject published in time magazean at the time nixon was doing this.
even the Iraques will make out like bandits on this deal. and for that matter already have.
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provided you could buy oil stock (blue chip) you would make a bundle, except when they use the excuse that war is raising the price of oil when the truth of the matter is that the United States Government is buying up all brands and grades of refined fuels. This is the main reason for the price hike, not a shortage. the government gaurentees a high price for the product it buys and this in effect raises the unit price hike on our end.
I have seen this 6 times in my life span. it is fact and not fiction. Nixon managed to do the vary same thing back in the 70's with out war, buying and hording semi refined crude oil and pumping the stuff back in to the oil caverns in california.
there was a large article on this subject published in time magazean at the time nixon was doing this.
even the Iraques will make out like bandits on this deal. and for that matter already have.
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