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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (41259)	4/1/2005 9:12:49 PM
From: Cogito Ergo Sum	Respond to of 206085

t4, This one says Big Oil wins the war... Message 21190194 Frank... Take Out ? LOL LOL.. Kastel EDIT: ralph... no plain political commentary please :O)

To: t4texas who wrote (41259)	4/1/2005 9:53:44 PM
From: Roebear	Respond to of 206085

Good Heavens, you've found Slider in my back yard! VBG Roebear

To: t4texas who wrote (41259)	4/2/2005 9:31:53 AM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 206085

Help ! re: Platts Oilgram News in New York ? Does anyone here subscribe to, or have access to Platts Oilgram News in New York ? I'd like to read any public information James Norman has published on this subject in Platts, or elsewhere... if anyone has it - please post it....THANKS. I've never met Norman, heard, nor read his work on this subject...but, would love to. Here's all I could pull up publically on Normans work on Platts...nothing there related to his speech in Pa: platts.com Nothing here: namebase.org t4texas... curious ? No. There are many people now on this path. Here is the local reporters actual piece on Norman's speech in Pennsylvania: ******************************************************************************************************************************************************************************** nl.newsbank.com. Oil expert discusses high prices: By Patrick Burns Intelligencer Journal Published: Mar 28, 2005 9:12 AM EST LANCASTER COUNTY, PA - A controversial oil industry expert speaking earlier this month at the Lancaster Rotary Club said the U.S. government is responsible for record-high gasoline prices. James R. Norman, a former editor of Forbes magazine and a senior writer with a prominent oil industry newsletter, said high oil prices are part of a National Security Administration policy to prevent the superpower Chinese from achieving global dominance. Norman, who also spoke at two other venues in Lancaster this month, said there is a long-term economic strategy in place to restrain Chinese growth through artificially high oil prices. By creating "paper demand" for oil on the New York Mercantile Exchange, large U.S. oil companies, the Saudis and the Bush administration have conspired to nearly triple world oil prices from about $20 a barrel in New York at the start of 2002, according to Norman. Norman dismissed oil industry claims that prices have risen due to producers' struggle to keep up with the world's oil thirst of more than 84 million barrels of per day. "The margin requirements on the NYMEX are minimal - it's only about a 6 percent margin - so with a little bit of money you can create a lot of demand for barrels on the NYMEX and run that price up," Norman said. Norman, who worked as a reporter covering the oil industry in Houston for nine years before joining Forbes, said unknown institutional fund buyers have created a huge demand for oil and pushed the price of light sweet crude oil on the West Texas Intermediate. Evidence of a covert plan to fix prices includes massive cuts in capital spending by U.S. oil companies that essentially shut down oil exploration since 2000, a Saudi change from a market-share strategy to a price-support strategy that restricted its output and an increase in U.S. strategic oil reserves when prices are at near record highs, Norman said. He said American oil companies no longer assist the Chinese and that Exxon, BP, Shell and others have inexplicably sold their stake in oil companies there. In perhaps his most controversial assertion, Norman suggested that the U.S. invasion of Iraq was partially motivated by Chinese interest in Iraqi oil. The war negated an agreement Saddam Hussein had signed giving China equity interest in oil rights once U.N. sanctions were lifted. "If the sanctions were lifted and the Chinese got in there, we'd never be able to undo that situation," Norman said. "The war was a screaming success because it kept China from acquiring in-the-ground oil reserves in the Middle East and basically put the Chinese on notice that wherever they go for oil, there will be hell to pay." Norman, who writes for Platts Oilgram News in New York, said manipulated oil prices in the 1980s coerced Soviet Union capitulation. The Reagan administration manipulated oil prices downward to limit the Soviet Union's hard currency and force it into bankruptcy, Norman said. He pointed to a 1982 National Security Administration directive that spelled out the Reagan administration's plan to attack key elements in the Russian economy, including its oil exportation. The Saudis overproduced oil when prices had been skidding and U.S. oil companies also had increased their oil production by 5 percent per year,said Norman. Ironically, Norman believes the Russians, who have refused to build an oil pipeline into China, are now on board with the U.S.government in isolating the Chinese. ******************************************************************************************************************************************************************************* I don't think many here would argue with this premis: Money is the Lifeblood of Politics. ...so why shouldn't we be following the money here ? Oil Money is the Lifeblood of Bush/Cheney Politics. I am a strong and loyal Bush/Cheney supporter; but that doesn't mean one must check their brain at the door, or become "blindly" loyal. Concerning my premis on the US using Oil as a Weapon of Mass Economic Destruction vis a vie China and that the Price of Oil is being manipulated. I think it is important to balance views from the Right...with those from the Left. Investigative Reporter Greg Palast via using the FOIA (Freedom of Information Act) has done some interesting reporting on the foundation of how the US has now arrived at what I call: * "The Perfect Storm for the Strange Bedfellows of Foreign & Economic Policy." * Remember how hard Cheney fought to keep meetings concerning the Bush Energy Policy under the Cloak of National Security ? Palast published an interesting article that recently appeared in Harpers providing the backdrop on how and why we've arrived at where we are now... here's a link with a partial excerpt of that article: "OPEC on the March: Why Iraq Still Sells Its Oil a la Cartel." by Greg Palast democracynow.org From Palasts article - what we've seen is a fact-laden review of a classic behind the scenes Power & Money struggle within the Bush Administration between Hardline NeoCon's like Rumsfeld, Wolfowicz and the more pragmatic, Bush Family Big Oil influence coming from James Baker... who is not just George W. Bush's attorney, but also represents Exxon Mobil and the Saudi Arabian Government (talk about following the money - whodathunkit ?) 90% of Threadsters here, in both their research and their thinking; will never get beyond Yahoo, or SI message boards; maybe a quick perusal of IBD and a couple hours of CNBC and simply don't have the intellectual capacity, or desire to go beyond this. For them; it's easy to dismiss this as yet another Art-Bell-esque, Black Heliocopter Conspiracy Theory rant...and to blindly buy into this recent disconnect of Oil Prices from the fundamentals. This is not for them. This is for the other 10%. This is my attempt to give something back to those here on SI; from whom I have received so much. You can lead a Horse to Water... but, you can't make them drink. - well here's the Water people. ...the rest is up to you. And I've only just begun to scratch the surface here...