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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 05:25 PM
Original message
1 of 2 CBS: Wall Street caused oil price spike
 
Run time: 06:44
https://www.youtube.com/watch?v=P5xq1ymBIxk
 
Posted on YouTube: January 13, 2009
By YouTube Member:
Views on YouTube: 0
 
Posted on DU: January 13, 2009
By DU Member: Joanne98
Views on DU: 805
 
Part two isn't up yet!
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Wapsie B Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 05:28 PM
Response to Original message
1. I watched that segment.
Very good story. I knew the speculators in the market were driving up oil prices but I didn't know who the players were or how exactly they were doing it.
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lostnotforgotten Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 05:29 PM
Response to Original message
2. Ah Yes - The Peak Oil Deniers Can't Let Go
eom
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alllyingwhores Donating Member (362 posts) Send PM | Profile | Ignore Tue Jan-13-09 06:08 PM
Response to Original message
3. NO SHIT.
Edited on Tue Jan-13-09 06:16 PM by alllyingwhores
The real question is (and it's rhetorical) is why the federal regulatory body that was responsible for regulating DIDN'T F__KING REGULATE. Oh...I forgot...that's right, deregulation was pushed through by Enron and the Bush administration in 2000.

http://www.youtube.com/watch?v=3qPt3VKYz2Y&feature=related
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quantass Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 06:15 PM
Response to Original message
4. VIDEO link here....
Just go to 60 Minute's website.

Here is the direct link to the full video (good quality): http://www.cbsnews.com/video/watch/?id=4713382n
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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-14-09 07:02 AM
Response to Original message
5. Not drill, baby, drill?
You mean it wasn't because of environmentalist wackos as Limbaugh and ALL the Republicans said it was? :sarcasm:
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