[A-List] Pumping up Wall Street

["MARGARET WYLES" <kaliyuga@xxxxxxxxxxxx>]

An anecdotal note.  My dentist told me he has a friend working on the
oil rigs outside New Orleans who said that as they find new sources of
oil, they've been told to cap them.  This when Bush just yesterday
insisted that the way out of the gas crisis was to drill in Alaska and
offshore.



http://www.informationclearinghouse.info/article20167.htm

There's no shortage, no scarcity. In fact, oil is being deliberately
kept off the market to keep prices high. Consider this: if supply
isn't keeping up with demand then why aren't there any lines at the
gas stations like there were during the '70s?

Congress could end this charade in a minute by passing legislation
that would close the Swaps Loophole and require steeper margin limits
on oil futures. But don't hold your breath. Wall Street is the biggest
contributor to political campaigns which explains how we got into this
pickle to begin with. It also explains why Congress's public approval
rating has shriveled to a measly 12 per cent.
Do Bush and Bernanke know what the banks are up to? Do they know that
billions that are being loaned to the banks via the Fed's "auction
facilities" are probably being diverted into the commodities market
and driving up the prices of raw materials and oil, while pushing the
world towards global recession?