This is why gas is so high

[Ksec]

Bush admin plants scary nuke stories with unfriendly reporter and others (joe Scarborough imo). Unfriendly reporters publish scary nuke stories. Big oil uses scary nuke stories to manipulate prices based on fears of future nuke annihilation. Instant 3 bucks a gallon and record profits.

There is no doubt in my mind.

[MadMaddie]

1. Fear...Fear...Fear the Repug mantra....

[Ksec]

2. Its also illegal

[MadMaddie]

3. Right you are....but it would take a working federal government

to stop the theft in it's tracks...the only hope is that states will step in and start filing charges....

[Raster]

4. bush* is THE exxon pResident. He's been bought and paid for by the

texas white-boy petroleum mafia. They've provided the behind-the-scenes working capital (along with halliburton) for years now. bushco* is just their investment paying off.

[RaleighNCDUer]

5. I think it is a fascinating coincidence that while the oil execs say

they don't control the prices, and the government doesn't control the prices, when the 'markets' go into a panic and the prices begin to skyrocket it is the oil companies that reap the financial benefits and the government that reaps the political benefits.

[Ksec]

6. The panic is a manipulation

done by the bush administration. It would be really easy and we have proof that they have a history of planting stories to manipulate . Its a no brainer.

[Maestro]

7. It's disgusting.

This administration knows how volatile the speculative oil market is yet they talk up more crap about Iran and continue to destabilize the ME so that oil rich buddies reap the benefits. It disgusts me. When will America say enough is enough? I personally hate spending $70.00 at the pump.

[cboy4]

8. Paid $3.05 today in suburban Sacramento

Anyone else paying more than that yet? It's going to get ugly!

[LaPera]

9. It's all about controlling the flow. Allow less oil on the market-means...

higher prices, translate to even higher profits for the oil companies...

As we see the oil companies reaping in record profits every quarter, larger profits than the world has ever known! (And we pay higher prices than we've ever known, to give them BushCo, Exxon, etc... their record profits).

The oil companies now control the second largest oil reserves in the world, Iraq...and with BushCo friend, Saudi Arabia, (OPEC) they can keep the flow of oil exactly where they want it...

Less oil on the market means higher prices...A glut of oil means lower prices...Which do you think the filthy rich oil corporates who control the flow want?

[Kikosexy2]

10. Terra, terra..

terra for $3.00 a gallon...While GWTW Tara plantation goes for $1m...priceless.

[carolinalady]

11. And Bush can use high oil to justify low numbers-get the execs to

lower the prices a little and get a little bump in the numbers.

[Ganja Ninja]

12. Here's another reason.

http://www.canada.com/nationalpost/financialpost/story.html?id=c420ca78-2c36-4e78-9806-d8be9c57c627&k=48132

(snip)
Exxon Mobil Corp.'s just retired chief executive, Lee Raymond, is quickly becoming the new face of executive excess after securities regulators revealed the 67-year-old will receive a retirement package of nearly US$400-million.

Mr. Raymond, who told Congress last year "we're all in this together" during its probe of skyrocketing gasoline prices, also gets use of the Exxon jet, a car and driver and a US$1-million consulting deal as thanks for helping the oil giant earn a record profit of US$36-billion last year.

Details of the package, filed by Irving, Tex.-based Exxon to the U.S. Securities and Exchange Commission, is generating a massive wave of criticism from unions and public interest groups that are outraged that a chief executive could take so much money for doing so little at a time when gasoline prices are skyrocketing and oil continues to trade just shy of a record US$70 a barrel.

[devilgrrl]

13. Gas is high so Big Oil CEO's can get yachts and stuff

They need that! :sarcasm:

[TheFarseer]

14. that's part of it, but don't forget this part

"Gas prices keep rising, drivers keep driving"

http://www.orlandosentinel.com/news/local/lake/orl-llivestory1606apr16,0,2150325.story?track=rss

[Bossy Monkey]

15. Apparently, it's mostly speculation in the oil futures market

that's hiking prices upward, but that doesn't mean that you're wrong. After all, you can't make money bidding up oil futures without the atmosphere of nervousness about the future that Bush and the boys have spent every minute creating.

[wordpix]

16. we will NEVER get an investigation of oil price gouging until we

get a Dem Congress elected! Help your Dem candidates, please...

[RedG1]

17. recently retired ExxonMobil CEO Lee Raymond: $6.5 million annual pension

-USA Today 4.7.06

..........................................................................
and from USA Today 4.10.06 "Special report: Executive compensation"
http://www.usatoday.com/money/companies/management/2006-04-07-ceo-total.htm

Valero Energy- William E. Greehey: $89,450,243

Occidental Petroleum- Ray R. Irani: $106,524,159

Sunoco- J G. Drosdick: $49,958,898

Marathon Oil- C P. Cazalot Jr.: $38,140,785

[Ksec]

18. Bush is driving futures speculation

Hes creating a false problem by scaring the bejesus out of everyone , therefore creating higher oil prices and record profits.

Think he wouldnt do this for fear of falling popularity? Cmon, how much lower can he go?

He knows hes toast, so why not make some money for his big oil buddies, the boys who wrote his energy policy?