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<blockquote data-quote="_CY_" data-source="post: 1608269" data-attributes="member: 7629"><p>and what's the source of this little nugget.. Fox news?</p><p></p><p>What a big pile of steaming horse manure!!!!!</p><p></p><p>facts are after Katrina, which was used as an excuse to justify almost tripling of fuel costs within USA literally overnight . which then was followed by HUGE increases of fuel prices all over the world. </p><p></p><p>this resulted in a winfall measured in Trillions $$$$ or the largest transfer of wealth in the history of the world. what's is amazing is how above FACT is glossed over by the media. folks this is pass tense, we all know the above happened. NO amount of spin will change above FACTS. </p><p></p><p>how oil companies were able to pull this off was due to shear size. when MEGA giant oil companies was allowed to merge creating multinationals with budgets size of small countries. they control HUGE geographic regions. NO price fixing needed... Oil companies can change prices at will... supply and demand and cost of delivering product has had NO relevance to final fuel prices for the last several years. </p><p></p><p>High fuel prices is more than a direct cause of the world recession. High fuel prices is the PRIMARY cause. It's simply not possible not to have a negative effect after extracting $$$ trillions dollars out of the world's economy in such a short time frame. </p><p></p><p>Don't believe me?? ...simply follow what happened to the US economy after any lowering of fuel prices. when fuel prices came down after almost crash of 2008. the US economy made a small rebound. it's estimated by economist that fuel prices lowered had a direct impact on US economy 20x-30x the amount of the stimulus package. </p><p></p><p>our current double dip can be directly traced to raising back up of fuel prices! </p><p></p><p>Katrine landed August 2005. The world has been saddled with tripling of fuel prices ever since. overnight the already super profitable Oil companies' net profit JUMPED by 30x +... these are the same folks still getting $$$ billions from you and me the tax payer. </p><p></p><p>everything above is pass tense and can be easily verified. Nothing complicated here... same costs of delivering product + tripling of prices charged = 30x net profits increases x volume in $$ trillions = the most profitable companies on the face of the earth.</p></blockquote><p></p>
[QUOTE="_CY_, post: 1608269, member: 7629"] and what's the source of this little nugget.. Fox news? What a big pile of steaming horse manure!!!!! facts are after Katrina, which was used as an excuse to justify almost tripling of fuel costs within USA literally overnight . which then was followed by HUGE increases of fuel prices all over the world. this resulted in a winfall measured in Trillions $$$$ or the largest transfer of wealth in the history of the world. what's is amazing is how above FACT is glossed over by the media. folks this is pass tense, we all know the above happened. NO amount of spin will change above FACTS. how oil companies were able to pull this off was due to shear size. when MEGA giant oil companies was allowed to merge creating multinationals with budgets size of small countries. they control HUGE geographic regions. NO price fixing needed... Oil companies can change prices at will... supply and demand and cost of delivering product has had NO relevance to final fuel prices for the last several years. High fuel prices is more than a direct cause of the world recession. High fuel prices is the PRIMARY cause. It's simply not possible not to have a negative effect after extracting $$$ trillions dollars out of the world's economy in such a short time frame. Don't believe me?? ...simply follow what happened to the US economy after any lowering of fuel prices. when fuel prices came down after almost crash of 2008. the US economy made a small rebound. it's estimated by economist that fuel prices lowered had a direct impact on US economy 20x-30x the amount of the stimulus package. our current double dip can be directly traced to raising back up of fuel prices! Katrine landed August 2005. The world has been saddled with tripling of fuel prices ever since. overnight the already super profitable Oil companies' net profit JUMPED by 30x +... these are the same folks still getting $$$ billions from you and me the tax payer. everything above is pass tense and can be easily verified. Nothing complicated here... same costs of delivering product + tripling of prices charged = 30x net profits increases x volume in $$ trillions = the most profitable companies on the face of the earth. [/QUOTE]
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