G-8 energy chiefs meet as oil soars

AP = half truths

International organized criminals have penetrated the energy and other strategic sectors of the economy. International organized criminals and their associates control significant positions in the global energy and strategic materials markets that are vital to U.S. national security interests. They are now expanding their holdings in the U.S. strategic materials sector. Their activities tend to corrupt the normal workings of these markets and have a destabilizing effect on U.S. geopolitical interests.

These gangsters are just flies on the elephant. The real criminals manipulate anything, anytime. The real criminals have government sanction and government protection. The real criminals are the big international commercial banks, Wall Street investment banks and brokerages, and rating agencies,… the entire gang that raped and pillaged the mortgage industry, ruined the housing market, destroyed the credit system, endangered municipal financing, pension funds, and the banking system, and sent the economy into a downward spiral. The real criminals blackmailed the world to pay them billions in ransom or face the destruction of the world financial system and economy.

What is needed is a RICO prosecution of this gang for committing the greatest financial crimes in U.S. history. The only thing that has any hope of stopping this continual rape and pillage of the investors, pensioners, city and state funds, and taxpayers is to see the entire Wall Street crime family arrested and locked in handcuffs to federal and state jails

Headline reads, "Oil producers urged to boost output as prices soar"

Urged?

For what reason would they boost production and decrease their profits?

Out of the goodness of their hearts?

What a joke.

Its time for the world to take some kind of serious action against the OPEC cartel.

Where exactly is Aomori, anyway? This is an honest question. Also, I'm participating in a discussion on the price of oil at the doctori's column; some magazine published an article saying oil prices won't go up forever. We shall see.

Did we really learn nothing in the early '70s? We knew this could (and likely would) happen again...and there were no incentives from the government or efforts from the oil and gas industry to invest in alternative energy. Hello, history! Glad I have a four-cylinder.

I support increasing oil output to create a glut and lower prices but, we need quicker relief that only forcing oil companies to cut their profit margin can give us. Eliminating the Gas Tax entirely is also a good idea.

http://www.cnn.com/SPECIALS/2003/iraq/forces/casualties/2008.06.html

Add these lives to the PRICE of the Bush Family Oil Wars. In a speech Cheney gave when Old Man Bush was in office, and stuck his nose into the middle east, he said if we had gone on into Baghdad, this is what would happen. A unstable middle East leading to a out of control Oil market.

Sounds like a bunch of drug addicts in need of "a fix"

Ok, we increase output. How do we refine the oil. The current production of gas, diesel, JP4, etc. would not change, they are maxed now.

Wow is kinda amazing the price of a gallon of milk is cheaper then a gallon of gas. Corporate greed is definitely in the air! Just how much more can the economy take before it collapses and gas will be the least of our worries!

Hey a$$hole business owners of America! Most people cant afford the inflated high prices that is being charged for your products. Get a clue! Wake up!! You're over-charging your fellow man. Your products are not worth that much. If it was just your product, then it probably wouldnt effect anybody, but when every idiot company out there are raising prices on everything, then it becomes a major issue. People just dont make that kind of money. Prices on everything has doubled, tripled, quadrupled and even higher since the eighties, but min wage hasnt even doubled. Are you that blind? Or you just dont care? You have become the root of the problem in this country. Greed

Although pumping more oil will help with supply in the short run, it will not do anything to stave off demand, or the reliance on petroleum products.

This country needs to drastically reevaluate its complete dependence on fossil fuels and instead incentivize companies and individuals to reduce energy waste and invest in renewable energy-- solar, wind, water.

Nuclear power has its attractions, but in the long run it has serious negative consequences, particularly radioactive waste that could stay "hot" for hundreds of thousands of years. And the Bush administration's big push to divert corn from food to fuel has led in part to the skyrocketing cost of just about every grocery item in the supermarket. It was a nice thought, but ultimately ill advised.

As painful as it is, I would be in favor of a surcharge on gasoline and other energies produced from fossil fuels, with the money going into R&D for renewable energy. A restructuring of the country's coal and electric plants to recycle waste heat into useful steam power to turn turbines would provide 20% of this country's electric needs, without any increase in greenhouse gasses (see the NPR story about Tom Casten and Recyled Energy Development ). We all want to do the "right thing," but let's face it, usually it takes the reward or the threat of money to make us change our ingrained habits.