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06-24-2008, 08:37 PM #1
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Speculative premium on oil at $ 60 a barrel: India
I drive a 90's model eclipse and used to get great gas mileage. About two months ago I noticed "Contains 10% ethanol" stickers on ALL of our gas pumps. My car was NOT designed to run ANY ethanol. I have gone from averaging 28-30 mpg highway to around 22-24. Not only are "they" increasing gas prices, but the gas we get won't last as long due to the crap "they" are putting into it. What's the deal?
Don't forget that George Bush has oil rigs/refineries in Texas. The president is not allowed any source of income OTHER than from being president. Why would a president have a trilateral war (drugs, Iraq, terrorism) and destroy the value of our dollar while he's in office? I believe he's going to sell HIS oil when he gets out of office and wreak the benefits of bending us all over.... just something dad and I came up with the other day.NoDrugs4Me Reviewed by NoDrugs4Me on . Speculative premium on oil at $ 60 a barrel: India Hit by the relentless rise in crude oil prices, India today sought an end to specualtive trading and suggested that oil producers and consumers vest control of the oil markets to cool overheated prices. An estimated 60 dollars per barrels is the "speculative premium" in the current oil prices, Petroleum Secretary M S Srinivasan said. "Speculative trading amounts to a few trillion dollars currently." India blames speculators working on the New York Mercantile Exchange for crude oil Rating: 5
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