Saturday, 28 June 2008

The Great Scam

Speculators at petroleum exchanges in New York City, London, and Singapore relentlessly drive up the price of a barrel of oil to ever higher levels. These speculators are nothing but underhanded imperialist thieves manipulating "demand" for oil within the context of the demand and supply fundamentals.
Driving some of the imperialists to steal, especially the investment banks, is something more than their natural and compulsive avarice. Many of them have of late, suffered catastrophic losses with mortgage-back securities like the so-called "subprimes". Others have fallen through the floor with unbelievable losses in currency trading. So, they look to oil swindles to recoup some or all of their unbearable losses.

[Posted at the SpookyWeather blog, June 28th, 2008.]

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