Why doesn't Congress REALLY investigate with an Independent Council the oil companies for price manipulation?

I am talking about using people without ANY kind of ties to the Oil Companies. If you use Congress, that is nothing more than a shame because so many of those people have ties to BIG OIL.Why doesn't Congress REALLY investigate with an Independent Council the oil companies for price manipulation?
Pretty simple really. Have you heard of the Cap, and Trade bill? This is what Congress has been up to-http://lieberman.senate.gov/documents/am鈥?/a>


It's 492 pages, but you won't have to read far to get the gist.


Makes me sick! We will never drill for oil here with these Socialists in office!Why doesn't Congress REALLY investigate with an Independent Council the oil companies for price manipulation?
The one thing oil companies are manipulating is the price hike in corn(you know...... the main source of ethanol production here in the US.)(And yes they are). As far as price manipulation at the pumps? The people only have themselves to blame for their purchases of stocks in the oil companies. Got to please the shareholders right? People need to start using their heads. Want prices to go down? Quit investing in the oil companies. Get them busted for manipulation of high corn prices(sorry farmers) (this is not aimed at you).( I believe you know that though.) You do realize many BRAND NEWethanol plants are shutting down because they cannot AFFORD the high corn prices right?The demand for ethanol is there(right now too). THIS IS FACT!!!!!!
Maybe because total profit per gallon of all companies in the supply chain is up less than a nickel in the last five years, to about a quarter a gallon.





Retail gasoline prices are up over $2/gallon.





Volume is the same and profit of the companies upstream in the supply chain is up, so that makes for ';record profits'; - but keep in mind that most of the cost to drill for new oil, which has also dramatically increased, is capitalized and expensed over the long useful life of the rig, meaning if oil prices fall back down to say $80/bbl, the same companies will show losses 5-6 years from now, even if drilling costs also decline and cash flow is positive.
Ruk is right...to much money to do anything real about it. Its all for show so they can say hey see we investigated it...the oil companies said it wasn't there fault for getting record breaking profits in 2007.... so what else can we do.





I think it is an outrage that oil companies can make record breaking profits while so many people can barely afford to put gas in their cars to go to work, and now can barely afford to put food on their tables. If gas prices were merely going up with inflation, the profits would not be rising at the rates they were..simple economics!
That guy is right. Many Democrats probably have oil stock, but you know what? NO S**T! If you're rich putting stock in oil is like buying gold. It's worth the same everywhere.








Anyway, what is wrong with oil stocks now? If I could afford them you're damn right I'd be buying them.








Oh, and I'd like to add. Oil stock benefits alternative energies... Say hello to Al Gore!!! http://www.corpwatch.org/article.php?id=鈥?/a>
yep, we as citizens and employers of congress and everyone in the Whitehouse should DEMAND our own investigations and choose a bipartisan crew, say like they do in Jury Duty,as long as it aint the same ones that were on O.J.'s Jury, them guys didnt have a CLUE~!!!
Cheney simply wouldn't allow it. Remember the secret meetings seven years ago at the Whitehouse? We STILL don't know what all those oil execs were doing there with the VP - but we do know that they have become very rich under his administration.
They are. Kennedy owns tons of oil stock. Pharmaceuticals made much higher profit than oil, should we take their profits too? So did insurance companies, fast foods, Microsoft, Apple,and Dell. Should we tap them too?
That sounds good, but congress would pick the independent council and they would pick one that finds what they want you to hear.
because those able to authorize an independent council are bought and paid for by profits from big oil.......duh....they aren't going to bite the hand that feeds them.
And why would you trust the people who caused the problem to solve it.
Because all the democrats have oil stock, too. They just don't want you to know about that.
lol, they won't be doing that under this administration, maam.
Answer this: Which was first used as an auto fuel?


a)Gasoline?


b)Ethanol?





B - Until Prohibition destroyed all the stills, ethanol was the fuel of choice - cheaper, better, cleaner...engines lasted longer, too.





We have the choice. If we want to fuel up our cars at under a dollar a gallon, we need to roll up our sleeves a little, be as diligent as our great-grand-parents and chart our destiny.





To demonstrate the silliness of depending on oil as a fuel, let's each grab a shovel and dig up some crude. Then, we can refine it. Good luck.





I understand the frustration over fuel prices. But only to a degree.





We have reached the point where it's no longer reasonable to go on and on and on whining for ONE and ONLY one type of fuel for our cars.





Crude is nothing more than the product of the SUN. Photosynthesis did the same thing then that it does now.





Okay, so we had ourselves a meteor strike and it buried quadrillions of tons of algae near the hot magma and SLOW-COOKED it into petroleum. Crappy way to make fuel, considering gasoline came AFTER ethanol as an auto fuel.





We can either:





(a) go on and on relying on insensitive corporations and their profit maximizing cruelty toward us





(b) try ONE MORE TIME to see if government can do ANYTHING without making matters worse, or





(c) skrew the oil companies and be our own fuel-makers like EVERYONE WAS until Prohibition!!!





Surprised? The Model T was designed to run on ethanol (but could also run on gasoline, though it was known to be of unpredictable quality). Ethanol stills can be small enough to fit in a typical back yard. (try that with a petroleum refinery!)





Ethanol from ';non-food'; land areas does NOT affect food prices. Neighborhood COOP's can make enough for the coop and have some to spare.





Any Flex-fuel car can run on it though there are diesel-conversion kits that provide a much better engine. Gas and flex engines have wimpy compression for 105 OCTANE ethanol. That stuff is like jet fuel!





It's true that speculators are bidding up the price of oil. But it's inevitable that mushrooming demand means there isn't likely to be a bubble. Why? Demand has increased several times over what it was in the late seventies.





I'm making my own ethanol out of bio-waste from lawn companies! Like Davy Crockett said (sort of): You all can go to heII, I'm gonna brew some booze!





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