Thursday, April 14, 2011

The Contango Game: How Koch Industries Manipulates The Oil Market For Profit

"As a recent Center for Public Integrity report uncovered, Koch lobbied aggressively against Obama’s financial reform bill, particularly on provisions related to transparency in the energy trading market. Is Koch again buying up supply in expectation of higher crude prices during the summer or beyond — as many analysts have predicted? No one knows, especially when the energy speculation and trading industry currently operates with virtually no regulation"
http://thinkprogress.org/2011/04/13/koch-industries-price-gouging/

Deep-sea drilling - have we forgotten the Gulf of Mexico spill?

Deep Sea drilling is resuming around the world a year after the Gulf of Mexico disaster and people seem to have forgotten the horror and damages caused by the Deepwater Horizon spill in the Gulf. 350.org provides a few options for action for those who want to apply pressure to prevent these dangerous fossil fuel expeditions that threaten to destroy more ecosystems and worsen others.
http://www.350.org/en/about/blogs/deep-sea-drilling-have-we-forgotten-gulf-mexico-spill

Plouffe reiterates that President Obama will not renew the Bush tax cuts

It looks as though Obama is once again on record against the Bush Tax Cuts and that they will because a 2012 election issue. Hopefully, the President will follow through this time around.
http://www.dailykos.com/story/2011/04/13/966689/-Plouffe-reiterates-that-President-Obama-will-not-renew-the-Bush-tax-cuts?utm_

"Any Sound Fiscal Policy must reverse the Bush tax cuts"
http://www.dailykos.com/story/2011/04/13/966498/-Any-sound-fiscal-policy-must-reverse-the-Bush-tax-cuts?utm_

Senate panel slams Goldman in scathing crisis report

This report censures misleading and fraudulent practices during the mortgage crisis that Goldman Sachs and other banks used to profit from 'crap' securities, and has been forwarded to the DOJ for possible prosecution. Let's hope something comes out of it.
http://news.yahoo.com/s/nm/us_financial_regulation_report