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Soros, "(crude oil) prices MUST go up!"

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"There are also huge opportunities in reducing energy consumption, but (crude) prices must go up first so as to encourage people to consume less," said Soros.

In recent Congressional testimony, hedge fund managers Michael Masters and George Soros each attempted to make the case that commodity prices are being driven higher by speculators.

So, speculators are driving up the cost of gasoline in order to force consumers to consume less? Is this their logic? What do you think about this? Do you want speculators from various global funds driving up your cost of food, hard goods and transportation in order to teach you some kind of lesson?

Democratic senator Joseph Lieberman said he would propose a ban on “speculation” that would prohibit institutional investors from participating in commodities markets. Perhaps this is a proposal that is worth enacting quickly, before Americans are further ravaged by price inflation.


Please also see stories at:

Prices up on demand and speculation
http://www.businessday.co.za/articles/world.aspx?ID=BD4...

Soros says oil prices set to rise more
http://www.bbj.hu/news/news_40665_soros%2Bsays%2Boil%2B...
onepersonsopinion

16 responses // Soros, "(crude oil) prices MUST go up!"

  • No, what we need to do is boycott and DIVEST in OPEC, in deference to investing that money in research, development, and DELIVERY of viable clean energy options that are locally PUBLIC owned and operated. We've got non-polluting wind, sun, and water power just waiting to be harnessed for our benefit, a commonwealth that can amply sustain us for generations. Screw OPEC! Let the sun heat my home and air power my car.

    I don't know about you, but I'm sick of funding some Saudi shiek's effort to bless all 30 of his insatiably overindulged wives and sons with Rolls Royces and castles in Dubai. And, I was infinitely happier when Condi didn't have an oil tanker christened in her honor.
    recommended by  Chique, Conniepae
    96thdayofrage
  • We need to go into emergency mode and build solar energy and wind energy farms. We need to bring back the electric car NOW. GM is going broke. Guess they need to rethink smashing that electric car. We can't kill everyone in the whole middle east for their oil. It's dirty and costs too much anyway. It's past time to get busy on this problem.
    recommended by  Chique
    Marilynn_Murray
  • The present government turned the energy programs of government, over to the capital side of the equation. And they deny doing it. But they did it and now we are paying for it.

    We needed to begin developing alternate energy system 30 years ago. In fact.......I think we did. And now, it seems as though the present energy systems in use, are being squeezed, in order to get the last drop out of them, before the next alternate systems take over.

    We were all raised on 30 minute or 1 hour TV programs that the solution to the problems were always solved in that 30 minute or 1 hour time frames.

    Maybe it is going to take a longer time to solve some of our problems, then we have patience to wait. It does seem to me like it is taking a longer time then is necessary to solve the energy situation, the medical care situation, (notice I didn't say, medical insurance situation!), the education delima, and the problem of our military constantly engaging our unemployed children into wars against other countries that may be having a local labor dispute.

    But, unfortunately, this is a market based globe. And market based solutions to our problems must come from market based solutions. And these solution may take their own time to work out.

    There are some people who get on this news forum and begin sounding a lot like an energy company story line. Which means that they soon begin to eliminate new energy ideas that just can't be considered for various reasons. Listening to the energy company story line may be entertaining, but I believe they are making the solution to our energy problems just take longer, if for no reason then we just can't seem to decide what to do, so it seems like we don't do anything.
    recommended by  Marilynn_Murray
    cadsuch
    1 response to this
  • http://www.stopoilspeculators.com/
    Close the "Enron Loophole."
    It is estimated that gas prices would drop by 25% almost instantly and perhaps by as much as 50%.

    And remember those CAFE standards Bush said he was for in 2000 and then the day he got into office said he was against? We'd have 40MPG cars by now.
    recommended by  Marilynn_Murray
    dndobson
  • If the price of gas had shot up as dramatically in the US as the rest of the world a few short years ago...let's say...to 9 bucks a gallon...we'd be beyond angry and devisive over this and focusing on alternate sources in a united effort.
    But, we are not a United States.
    It's just a name that we take for granted.
    Just like the planet we plunder for more fossil fuel.
    huntre
  • huntre, don't give up. We are better than that. We need rid of the oil barons is all. We shall overcome. Wouldn't it be cool if we all had tricycles for town cars?
    Marilynn_Murray
  • The oil companies gouging us is not for the environments benefit - it's to fatten the wallets of the greedy bunch so they can buy all your homes when / if we go into a depression.

    They are working hard to bring America down by any means possible such as draining our money via a bogus wars, allowing natural disasters to depress areas (such as New Orleans, the mid west), etc.
    recommended by  Marilynn_Murray
    VoyagerFilms
  • Joseph Lieberman is not a Democrat.

    The Democrats didn't want him. He is a Republican in disguise. Americans don't want him.

    Nice propaganda piece onepersonsopinion.

    If Republican senator Liarman is behind any bill, it most certainly be bogus and NOT for the benefit of Americans.
    VoyagerFilms
  • Soros is a globalist. A globalist is to bring down the US to third world status.
    maasanova
  • I like George Soros but I don't want to be destroyed to save the planet. It will be hard to assist in the efforts from a 'homeless shelter'.

    I don't know about the rest of you, but higher gas prices will take me under. Many of us are struggling to maintain a acceptable quality of life. Many of us have lives that can change on a dime. A dime here and a dime there will definitely affecting my quality of life. I need more money, not less! How about a proposal that will help us, not hurt us!

    Many Americans are struggling now, higher gas prices may be one answer, but I sure hope we choose something less harmful to ordinary Americans. The individuals responsible for this mess will not feel the pain. They have pilfered enough to survive higher gas prices. I unfortunately have not been pilfering, I will have a hard time surviving higher prices.

    It's kind of like Iraq, don't kill us to save us! Don't destroy my family, my way of life to save the planet. Hold the ones who are responsible for this mess accountable and pilfer their profits. I have not made profit on the backs of others, why hurt me?
    Conniepae
  • I wish the people of Connecticut would toss Liberman out on his ear. He has been kissing McCain's ass hoping for the VP spot. Maybe that would be a good way to get rid of him. They can ride off into the sunset together.
    Soros is stating a fact about gas prices. If they drop back or apparently stay the same we will adjust and just keep going. Maybe less than now but still enough to continue destroying the environment. It has got to be painful for us to demand change now. W have to be mad enough to say don't bail out GM unless they revive the electric car and stop making the gas hogs. We have to be mad enough to demand the solar, and wind farms to make the power for those cars. We have to be mad enough to save the environment for the next generations. It has to really hurt or we slip back to apathy. Obama was the first to advocate closing the Enron loop hole. I have been looking and listening and apparently it will bring prices down. I hope it doesn't happen too fast. I want people to get rid of their cars that get four miles to the gallon. It won't happen unless prices remain high. I want to buy a new car and I want an environmentally sound one available to me. It won't be unless the prices remain high. The price of gas is hurting me. We don't go anywhere just for fun, It makes me mad, that's the way it should be if we are going to have real change we are going to need for our country and the planet to survive.
    Marilynn_Murray
  • Awe, it really does feel like ‘invasion of the body snatchers’! Now they have even gotten Marilynn_Murray. I’m so depressed!

    Here I am in Cleveland, OH, ‘One Lonely Voice’ trying to make a difference, while taking care of a dying mother. Posting has been my salvation. Now I find I’m getting lonelier by the day. Even Marilynn is selling me out. Taking from me is not going to save the planet! Hurting my family is not going to save the planet!

    If people think paying higher prices and ruining what little comfort we have left is the way to save the planet, all may be lost? SAD! SAD! SAD!
    Conniepae
  • I completely reject the ridiculous talking point that oil prices have to go up for the world to use less. Pundits have been saying this for years, oil prices have continued to rise and people aren't using less because they still have to get to work and buy food. It simply makes no sense whatsoever.
    maasanova
  • Massanova and Conniepae are right on point here. Unfortunately, you both are in a tiny minority and probably feel very isolated, as alluded to in Connie's post.

    The overwhelming majority of the population is caught up in a fiat world which buy-into the 'humans are to blame for worlds "problems"' guilt-trip that we're all supposed to be on. It would be nice if more people would step out of the frames that the culture industry creates and research the various players and organizations who are perpetrating these frames and what their long term objectives really are.

    I suggest starting with Chapter 5 of the First Global Revolution, a report written by the Club of Rome, that can be found at:
    http://www.archive.org/details/TheFirstGlobalRevolution

    In The First Global Revolution the Club of Rome claimed that the time to act had run out. It was now or never. Delay in beginning corrective measures will increase the damage to the world ecological system and ultimately reduce the human population that will eventually be supportable. They also stated that that democratic governments were far too short-sighted to deal with the ‘problematique’ and new forms of governance are urgently required.

    They further went on to say:

    "It would seem that humans need a common motivation, namely a common adversary, to organize and act together in the vacuum; such a motivation must be found to bring the divided nations together to face an outside enemy, either a real one or else one invented for the purpose.

    New enemies therefore have to be identified.
    New strategies imagined, new weapons devised."

    But most importantly, you will find the following at the end of the recommended chapter 5:

    "In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill. All these dangers are caused by human intervention, and it is only through changed attitudes and behavior that they can be overcome. The real enemy then, is humanity itself."

    Could it be that the same people searching for new enemies to unite us are also the oil speculators driving up the cost of energy and creating hyper inflation?
    onepersonsopinion
  • Tell me how the price of fuel is going to go down when our elected leader (who says he has a mandate) goes to OPEC ( recently) and asks them to bump up production of their non renewable commodity, (oil) so that the IRS can CONTINUE to pay tax refunds to people who buy $80,000 SUV's. These people are being rewarded to the tune of $3,000 and $4,000 a YEAR, or more, to encourage them to buy those SUV's, some of which might get as much as 6 MPG!!

    60,000,000 people voted for that elected leader. Do you suppose some of those 60,000,000 who voted for Bush are being hurt by high fuel prices?

    Aww! Shucks!
    cadsuch

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