Kevin Hall: The Saudis have been saying for years something should be done to curb the influence of banks that are speculating on the price of oil
WikiLeaks: Saudis Often Warned US About Oil Speculators
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@Vann7
You people and your conspiracy theories
You’re watching too much RussiaToday and probably Alex Jones as well
@Vann7
Good one… you sound like a real genius.
I really have no idea what’s going on here. There are different claims all over the place, and the Saudi’s are hardly the most credible voices either.
Speculation is standard.. I don’t think it’s required to speculate on speculation.. As long as people can buy oil on the open market, there will be speculation and bubbles. Everything being talked about here is true, but it’s also not news, or real news, to anyone but people who have no idea how finance works. Tho the retards who think gold should be the standard haven’t figured this out yet.
@sansez vann7 is probably another failure that has no idea how finance or politics work and gets all of his education from youtube videos and conspiracy essays. they will take the opinion of almost anybody as fact, other than american governmental or financial establishment. Probably cause they’ve also never travelled to a country with a truly corrupt government.
Concentrating on speculation is a waste of time. Oil will not be cheap and plentiful ever again. The only thing they got about right was demand destruction. That is real and it is the only thing that will keep a lid on the prices. Unfortunately it’s not going to be pretty.
Demand destruction is the human civilisation slowly falling apart.
Islam disproved at my channel. Check it out…
Exmuslim N Free
Muhammad lied… Check my videos :)
the integral of the difference between what the speculated economy is running at and what it actually is should have some set maximum limit.
looks like we need to start a oil fund our self for the end users that buys the oil directly from the source to skip the paper market.
maybe just making a law that no more then 35% of the oil market is allowed to be sold to non end users
@btigtime2 – What you are forgetting is that cities are constantly being rebuilt. With the incredible deterioration of the US infrastructure over the past 20 or 30 years, now is the best time to start incorporating new, renewable and other technologies. People don’t need to government to do this.
@btigtime2 Okay, so now that you have hindsight, what should your dumb-ass grandparents and dumber-ass baby boomer parents have done differently?
How about we hurt the bankers that are hurting us.The only reason that bankers are the big shots is because we let them use our money to screw us.I don’t get why this is so hard to comprehend.Millions of Americans got screwed over by the bankers in the collapse,but we still let them use our money to screw us more.What would happen if a few million people withdrew their money from Bof A or Chase all in the same week.We can collapse these parasite corporations any time we choose.Why not now
As always, compelling and A grade journalism.
@colourmegone The problem isn’t the oil.The problem is the bankers/investment firms.If we went completely green,do you really think they will just stop their greed.They will inflate food,water or anything else they can manipulate to make a buck.
@1140Cecile Thought about a realistic future based on treads and resources. Think about their Culture and how to hand it down to their GGGGGGGGrandchildren. Teach their children what they knew. Stay out of Useless worthless murderous wars. Watch the Government and work to hold it back to its limits. Was not done for the most part and now we do not even know how or why to do such things. These are the people that built our spaghetti infrastructure which I ask daily, “What were they thinking?”
@1140Cecile Keep their families together. Leave Momma Home. Come home and play with the Children rather than watch so much TV. Read to their children. Work with their Children. Stop cleaning so much and show their children how to plant gardens (something totally lost). Tell their children about their grandparents and where we came from. Stop not going to church and watching so much football as if the children are not there.
@MiranUT I disagree. I almost want to do a video on how dumb our city planers are in Baton Rouge. WE are STILL building Roads with no sidewalks, bike lands or turn lanes. We are (in BR) cutting Bus routes and adding car lanes to every main road. We are paving everything in sight. Building Monster China Marts tax deferred businesses with miles of parking lots. THIS IS HAPPENING NOW, in Baton Rouge.
@UBUSTOYS I know why we’re screwed. The system we live in is fake that’s why! /watch?v=EewGMBOB4Gg and /watch?v=4Z9WVZddH9w We need to change this system not just patch it and hoping it’s going to hold.
@btigtime2 You’re right we need to restructure our infrastructures. Problem is the people in power are so corrupt that it’s never going to happen unless we get rid of them French revolution style! /watch?v=EewGMBOB4Gg and /watch?v=4Z9WVZddH9w
@btigtime2 – I agree that a lot of city planning is bad, and I’m not surprised by your comments. But I have seen it done where I live (Tokyo-metro). They also had little planning post-WW2 and the goal was build fast rather than build smart. However, in the time I’ve been here (20 years), I’ve seen how “quickly” things change: better/convenient trains, greenery around/on top of buildings, solar/wind energy on street lights – even buildings being retro-fitted for earthquakes. It is possible.
@btigtime2 Great American streecar scandal.Wikipedia.
I wonder how much oil wars take?
@SPAGHETTIMONSTER1 never thought about that. Great point!
@basejumperful I know about that one, Its the worst thing that happen to our cities in America and a microcosm of the problem with our fascist Corporate Government.
wow this is really interesting to hear! because everything i’ve heard so far is that gas prices rise because of oil prices and oil prices rise because the saudis have the west “by the balls”. now seeing that it’s basically the opposite… very, very interesting.