START A PETITION 27,000,000 members: the world's largest community for good
START A PETITION
x

How Wall Street Drives Up Gas Prices -- Ripping Us Off and Killing Jobs


Business  (tags: economy, corruption, gas Prices, Wall Street, politics, news, oil, usa, world, society, SustainableDevelopment, money )

Cal
- 958 days ago - alternet.org
Next time you fill up your tank, remember that $10 to $25 is going right from your pocket to the financial sector.



Select names from your address book   |   Help
   

We hate spam. We do not sell or share the email addresses you provide.

Comments

Angela N. (0)
Sunday May 6, 2012, 7:22 pm
thank you!!
 

Sue H. (7)
Sunday May 6, 2012, 8:01 pm
How can we forget??? Loved the photo.
 

Jennifer C. (169)
Monday May 7, 2012, 5:37 am
Thanks for the post.
 

Anna M. (18)
Monday May 7, 2012, 6:34 am
noted and saddened
 

Ben Oscarsito (355)
Monday May 7, 2012, 6:46 am
Gas price in Sweden yesterday: $8.82 USD per gallon...I say no more...
 

Ioannes J. (1)
Monday May 7, 2012, 6:47 am
Wall street is like House dealer from a Casino house where tell next How high or low can it goes. Not just oil, but Gold/ silver, currency exchange, insurance, controlled by Wall Street. American Wall Street analysis dialogue on employment, Global company, world government base on good/ poor rating. So they can invest or dump stock.
 

paul m. (93)
Monday May 7, 2012, 8:53 am

Noted,,
 

Jason S. (57)
Monday May 7, 2012, 8:57 am
Wall street and 7 billions + people on earth using to much oil to fast
 

Debra Holliday (38)
Monday May 7, 2012, 3:02 pm
Everyone should have demanded alternative energy a long time ago -- and the vehicles to run it! They continue to say that "Americans are addicted to oil" I say NO THEY AREN"T -- the Oil Cartel and the car manufacturers are! WE HAVE NO CHOICE!
 

Past Member (0)
Monday May 7, 2012, 6:36 pm
Reagan tore down Jimmy Carter's road to energy independence. Bush turned wall street loose on the world that destroyed OUR economy.

VOTE please!
 

Pamela C. (75)
Monday May 7, 2012, 8:03 pm
Banks are faceless evil, fed by the hopeless consumer.
 

Edith B. (145)
Monday May 7, 2012, 10:00 pm
Wall Street is destroying our country as we have known it.
 

Suzanne L. (137)
Tuesday May 8, 2012, 9:53 am
Can governments regulate the price?
 

Cecily P. (4)
Tuesday May 8, 2012, 10:42 am
So crooked!
 

Past Member (0)
Tuesday May 8, 2012, 2:08 pm
Thom's blog
Up to $14 of every tank of gas you fill up is the result of oil speculation

Americans are getting screwed at the gas pump. But it has nothing to do with supply and demand or instability in the Middle East. Instead - it has to do with corruption. As investigative reporter Lee Fang at the Republic Report uncovered - a slew of lobbyists are working on behalf of Wall Street to shoot down regulations intended to curb oil speculation.

Bart Chilton, a commissioner with the Commodities Futures Trading Commission, said that as much as $14 in every tank of gas you fill up in your truck is a result of excessive oil speculation. That comes out to a $750 a year tax on all drivers courtesy of Wall Street banksters.

Unfortunately for Americans who can't afford these inflated gas prices - the top Republican financial watchdog in Congress - Representative Spencer Bachus -believes that his job is not to regulate the banks, but instead "regulators are there to serve the banks."

-Thom
 

Quanta Kiran (65)
Wednesday May 9, 2012, 3:12 am
Thanks.
 

KS Goh (0)
Wednesday May 9, 2012, 6:27 am
Thanks for the article.
 

Vera Taylor (46)
Wednesday May 9, 2012, 6:50 am
we havent owned a car/truck/motorized vehichle in over 20 years. dont miss it except for when its raining hard.
 

Dandelion G. (384)
Wednesday May 9, 2012, 4:38 pm
"a slew of lobbyists are working on behalf of Wall Street to shoot down regulations intended to curb oil speculation."

Certainly they have a slew of lobbyist, and if it isn't the lobbyist the ones who are suppose to represent us have a stake in the oil futures themselves. Corruption run amuck.

I placed an article on here not long ago, how the CEO of Exxon has more power than the President of the United States. Need anymore be said as to why we haven't had a National Policy to go to green fuels and get off of oil. Remember how in the 1970's we thought it was a done deal, that this Country would be fully off oil by now. Not when a CEO carries more power than the head of our Country. The video link below if you care to view the story.
 

Dandelion G. (384)
Wednesday May 9, 2012, 4:39 pm
Whoops not sure why link didn't take, ok, try again.
NO HIGHER POWER THAN EXXON
 

Betsy Bee (1041)
Thursday May 10, 2012, 12:28 pm
Now that the halcyon days of the banksters and corporate elitists is coming to and end, their single minded greed will become more and more obvious. They are grabbing because they know their days are numbered.

Truthfully, I feel like signing "We will overcome" and we will overcome.
 

BMutiny TCorporationsEvil (464)
Thursday May 10, 2012, 1:17 pm
Yeah, I love the photo too!
 

BMutiny TCorporationsEvil (464)
Thursday May 10, 2012, 1:20 pm
We also should demand better Mass Public Transportation that really serves everyone; more LOCAL food, farms and buying, so that less is spent on transport; and Railroads more than trucks to move goods over distances.
 

Betsy Bee (1041)
Thursday May 10, 2012, 4:54 pm
Excellent advice, BMutiny. I can only thing of one thing to add. Bring your own home made cloth sacks to the farmers market. Those plastic bags will last forever in the Great Pacific Garbage Patch and they are made of petroleum.
 
Or, log in with your
Facebook account:
Please add your comment: (plain text only please. Allowable HTML: <a>)

Track Comments: Notify me with a personal message when other people comment on this story


Loading Noted By...Please Wait

 

 
Content and comments expressed here are the opinions of Care2 users and not necessarily that of Care2.com or its affiliates.