That graph shows that neither oil production nor inventory had ever changed in ways to justify the spike in prices. On the contrary, inventories went up while consumption was down while mass scale price gouging like never before was in full effect. The answer for how this happened was market speculation. The big banks and hedge funds in effect 'all' got together and continuously bet in large scale that oil prices would go up, and sure enough that's what happened. The costs of everything went up, people were broke, major institutions absorbed by the government & banks, the property markets crashed, and now the inevitable collapse is out in the open for everyone to see.
Note that during the peak of the oil crisis Obama actually went on the record saying that 'fuel' prices should be artificially increased so that people would use less fossil fuels. Now he didn't say to raise oil prices in that particular quote, but inherently that is the overall goal of Cap'N Trade type policies, and we all had a devastating test run during the artificial fuel crisis. Can anyone say they were glad the test run of Cap & Trade happened?
Obama's Treasury Secretary Tim Geithner is a Federal Reserve agent, being the former president of the New York branch Federal Reserve Bank. Other Federal Reserve agents in the Obama Administration include Paul Volker, Christina Romer, Alan Blinder, Robert Rubin and Lawrence Summers.
As with 9/11, Bush ignored all of the warnings of the looming 'economic 9/11'. His Treasury Secretary Hank Paulson was the former CEO of Goldman Sachs, a key player in the economic meltdown. Goldman has embraced the world of AI, with sophisticated AI supercomputers that utilize learning algorithms to conduct "high frequency trading" that allows them to literally cheat at the stock trading game, and in all likelihood conduct operations such as artificially raising global fuel prices. Goldman Sachs agents in the Obama's inner circle include Gary Gensler, John Corzine, Rahm Emanuel, Mark Patterson, Neel Kashkari, Reuben Jeffery III and apparently even Elana Kagen.
During the economic disaster, Goldman executives cheered their results, emails went on to show. All throughout the crisis, Sachs reaped billions of dollars in record profits while the rest of the world economy has floundered. In July of 2010 Sachs was fined the record amount of $550 million by the SEC for their role in the Subprime fiasco. The same day their stocks actually went up 5% as those in the game know how much evil they had committed, and were relieved at only having to pay a mere $550 million. Days after the settlement, Sach's put aside $9 billion for employee bonuses.
Sachs was Obama second largest campaign contributor, funneling him $994,795, 7 times what Enron famously gave to Bush. His other top contributors included Google, Harvard, University of California, Microsoft, Citigroup, JP Morgan Chase, Stanford, IBM, Morgan Stanley, BP and General Electric.
These people are textbook "Disaster Capitalists", those whose portfolios are stacked to reap profits and success in their goals via the mass scale suffering of others. It's no secret that BushCo. was a regime of disaster capitalists, but ObamaCo. is too. Rahm Emanuel and Hillary Clinton have made public statements condoning the capitalization of crisis. The notorious Henry Kissinger said the economic crisis was a "great opportunity" for Obama to create a "new world order."
Disaster capitalists are amongst the greatest threat to the world, as having people set up to reap profits ranging from millions to trillions sets a precedent of why would they prevent the crisis, especially if there are agendas that transcend money. "Problem Reaction Solution" is the mechanism to our undoing.
Between the agents from the Federal Reserve many of the key players in the economic meltdown are all accounted for. On top of everything above, Larry Summers, under Bill Clinton, played a key role in repealing the Glass-Steagall Act, which was set up after the first Great Depression to prevent it from happening again. He also helped deregulate derivatives, for which there is now a one quadrillion dollar bubble. After the modern collapse had already begun, Obama made him a top level adviser.
The Federal Reserve was the centerpiece of the housing bubble, as well as in serving as the vehicle to enable Congress to commit runaway spending that involves endless wars and the AGI Manhattan Project. In the meltdown aftermath, Obama moved immediately to hand the bankster monolith even more power, and the Congress banished Ron Paul's legislation that would have given the Congress for the first time the ability to audit the Federal Reserve to bring to light their deeds.
These players are amongst those at the forefront of setting up a total plutocracy. In a plutocracy the wealthy rule everything, as described by an infamous leaked Citigroup memo.
The mentality of the classical elitist must be discussed. They tend to be Social Darwinists, who apply Darwinist theory to sociology. In their view it's their divine role to dominate those beneath them, at the top of the food chain as the fittest to survive. This class of elites are their own social group, much like how most ordinary people identify themselves with race, political party, music scene, and so on. This social group adherence transcends the everyday social group affiliations the rest of us know, and elitist propaganda has us all wanting to identify with them to subconsciously justify their types of actions.
So we're in the middle of a collapse that by all measures looks deliberate, that was caused by private stock holders, who made unfathomable amounts of cash on the ways up and down, and were handed trillions of unaccountable dollars in "bailout" money in the aftermath. Despite all of this, there's still this push for a near-trillion dollar military budget (in the US alone), along with a global government based on a multi-trillions dollar global carbon tax, and even a mandatory "health care" obscenity that might cost trillions overall, yet somehow we're not to come to the conclusion that there's a total economic world war being waged against us?
Thanks for viewing. Let me know if I missed anything, please.
.
[edit on 28-7-2010 by IgnoranceIsntBlisss]
