Re: Diesel prices

The high oil prices are at least in part due to the manipulation of
the futures market and manipulation by the big international
capitalist oil corporations in cooperation with their OPEC partners.
When the Saudis split 50-50 with Exxon, which is what the deal is, do
you think Exxon thinks about a kid freezing in an apartment in
Chicago, or their billionaire buddies in Saudi Arabia when they make
pricing decisions?

For example, about a month ago the media here in the U.S. was full of
stories for about a day about the record high gasoline inventories
which they were arguing would bring the cost of gasoline down by $0.50
U.S. per gallon over the next few months.

Then, only a day later, Exxon filed its lawsuit to freeze $12 billion
in Venezuelan assets over a dispute over $712 million worth of Exxon
property that Venezuelan law expropriated based on historic
exploitation of the Venezuelan economy and people by Exxon. Chevron/
Phillips and other big oil companies had reached agreeable terms with
Venezuelan oil, but Exxon chose to fight in court. Then the media was
full of stories that Chavez threatened to cut of oil supplies to the
U.S., which Chavez promptly denied. The denials didn't hit the news
for about a week, however, and in the meantime, the futures market bid
oil up over $100 per barrel based upon the "uncertainty of supply"
because of the comments of Chavez that he actually had not made.

Then when the Chavez speech where he denied the comments finally broke
through the iron curtain and got in our media, the media started a
story that OPEC was probably going to cut its output at its upcoming
meeting in May, which conveniently coincided with the futures market
decisions, and, again a story that was a pure speculative fabrication,
sending oil to its current record levels.

Now the money to pay for roads and schools and health care (which, by
the way, is the most expensive in the world in the U.S.), has to come
from somewhere. There is no free lunch, as the capitalists like to
say, so when a citizen in Germany or England pays taxes at the pump,
it replaces taxes or other expenditures that have to come from
somewhere. In other words, we pay for our low gasoline prices in
bumpy roads and collapsing bridges and lack of health care, etc.

When we spend money on things using borrowed money at the Federal
level that money also has to come from somewhere. It comes from the
same people who are not paying their fair share in taxes. That
increases the National Debt, which means that more and more of the tax
money taken out of the wages of working people goes straight into the
bank accounts of the same rich people who have had their taxes cut.
Those monies go into their bank accounts in the form of interest
payments on the National Debt because, obviously, when the Federal
Government has to borrow money because the rich are not paying their
fair share, they have to get the money somewhere, and the only place
is from people who have money, the rich, so then the rich get back
interest payments on the money they should have been paying in taxes
in the first place, raising the taxes on you and me and just about
everybody else. (Most people are not rich and have no chance of
becoming so.)

When we pay more at the pump it all goes to Exxon/Mobile and their
executives and stockholders so they have more money to lend the
Federal Government so we can pay them even more in interest on their
money.

Wake up people. The common man is getting completely screwed under
this system and will continue to get reamed out as long as the current
mass ignorance of what is actually happening continues!
.

Relevant Pages

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