http://www.heatingoil.com/blog/oil-trader-decries-unregulated-speculation-gas-heating-oil-prices-climb0406/
‘Perhaps 60% of today’s oil price is pure speculation’
http://www.globalresearch.ca/index.php?aid=8878&context=va
D.C. can slow rising gas prices
obama reaching out to the den of rats in the GOP so they can bite his hand again.
We do not need increased domestic production. We need to crack down on speculation. Better yet have the government nationalize all domestic crude and simply hire the oil companies to refine it for the domestic market.
A POSSIBLE SOLUTION
http://www.themilitant.com/2000/6446/644601.html
The Militant - December 4, 2000 -- Airline workers step up their fight for contracts
www.themilitant.com
"The 15,000 mechanics, baggage handlers, and service agents at United Airlines have been without a contract since July. On November 20, United Airlines flight attendants held informational picket lines at l6 airports across the country, demanding better pay. They passed out leaflets drawing attention."
Emulating this strategy with oil companies might be a way to bring down gas prices.
The boycotting of certian institutions at certain times announced via internet bulletin boards and social networks on the day the boycott is to begin with minimal prior warning. The article doesn't cover the strategy they used but I remember when it happened.
http://www.reuters.com/article/2011/05/24/us-cftc-oil-manipulation-idUSTRE74N6S720110524
http://www.guardian.co.uk/environment/2011/may/25/chevron-heads-shareholders-huge-fine
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