Oil Prices Blamed on U.S. Crude Reserve Buildup

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dors11;9;10

neikjjjh of IL 6:21AM January 03, 2010

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nejhdjfhg of MI 6:04AM November 30, 2009

doors1.txt;9;10

nekieeee of CO 11:10PM July 05, 2009

doors2.txt;9;10

nekieeee of PA 7:49PM July 05, 2009

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nekieeee of UT 4:42PM July 05, 2009

Unfortunatly I locked in my oil price in July, It was locked in at 4.699 with Slomins Oil co. There is no way they will renegotiate without a $300. penalty fee. We are 2 80 yr old retirees on Social Security and find it difficult to manage that fee. Is there any thing the Sen Schumer can do? We are not eligile for Heap oil. Any help you can give would be greatly appreciated.Thank you.

Louis Dunninger of NY 3:56PM October 20, 2008

Today, 8/24/08, it was reported that citizens in U.S. are driving less because of the
high price of gas. The result of less driving has caused inventories to build, without, however, a drop in the price. The Congressional hearing, 8/23/08, by the Energy and Commerce Committee, resulted information that biggies, like Goldman Sacks, those who stand at the gate, are driving the investment traffic in commodities; all because of deregulation. According to the N.Y. Times, Sen. Charles Schumer has frustrated enquiry into the machinations of trading: the report suggesting it was based upon the huge political contributions the investment banking giants generated. Rather than the smoke- screen of partisan politic, I would like to see the detailed breakdown of the costs from the well to the gas tank. The 8/23/08 Congressional hearing revealed that a barrel of oil would fall greater than 50% if the margin trading rate were pegged at 50% versus the zero rate that the biggies and their clients enjoy.
Transparency rather than BS: including if sour oil is frustrating supply.

W.T.Mulhern of NY 5:13PM June 24, 2008

The price hit $115/bar 4-16-08. This is part of the planned deconstruction of the US. The only way to kick a spend into oblivion congress in gear is to shut the nation down! The runaway fuel prices with runaway spending will drive the entire economy off the map. Nearly 80 yrs old and I've never seeen such an endless expansive drive over a cliff by a nation of programmed lemmings whos pareaqdigm is shaped in the elementary schools!!!!!!!!!!!!!!!!!!!!!!!!

Bill Mullins of TX 8:34PM April 16, 2008

AS aRepublican, I amazed that the Pres and VP are 2 big oil men and dont realize you buy on dips, but you dont exacerbate a given trend already affected by the $weakness against the $.
At $110 area, we are due for a correction to $85-$95.
I am digusted that this Administration has hardly enunciated a massive
energy program.

Edward J. Baptiste of MA 4:05PM March 11, 2008