Hearing on Energy Price Manipulation

Hearing on Energy Price Manipulation - Greenberger Testimony

Uploaded by: NancyPelosi
Video Description:
The Energy and Commerce Subcommittee on Oversight and Investigations holds a hearing, "Energy Speculation: Is Greater Regulation Necessary to Stop Price Manipulation?" Professor Michael Greenberger, Director of the Center for Health and Homeland Security at University of Maryland, gives opening testimony.

Tags for this video: Congress Democrats Energy Gas Gouging Greenberger Hearing Manipulation Michael Oversight Prices

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He is one of the ... ( 9 months ago by toechesse)

He is one of the last honest man in marketing that will tell it like it is.

We need to hear ... ( 9 months ago by aninoko)

We need to hear more from him.

Impeach the CHENEY/ ... ( 7 months ago by niggerizationofusa22)

Impeach the CHENEY/BUSH regime now!

Everybody should ... ( 7 months ago by banjo234)

Everybody should hear this man speak. This is a difficult subject to understand but this professor, clearly a brave and honest man, says it clearly.......fraud.....speculation....loopholes. Even if you don't understand the detail you understand this. There is no shortage of oil. There are crooks who have moved on from raping the property markets to raping the oil/energy/commodities markets.

greenberger and ... ( 6 months ago by garyowen4ever)

greenberger and cooper were straightfoward with the senate, the fix is relatively simple. THE REPUBLICAN CONTROLLED SENATE FUCKED THE WORLD. THIS GUY EXPLAINS THE WHOLE DAMNED THING, FORGET CNBC AND ALL THE WALL ST. WHORES, HERE IT IS!!!!!!!

If the high price ... ( 6 months ago by rspawn)

If the high price of oil is only due to price manipulation, you'd have to explain away some $100 per barrel, or some 70% of the price.
The high price of crude oil is due to *both* Peak Oil *and* price manipulation; windfall profits due to shortages is nothing new. It's evil, but not new.

How the speculators ... ( 6 months ago by ehunter2)

How the speculators are hiding there manipulation is via initiating their trades in Europe. Using the Intercontinental Commodities Exchange they dont have to abide by any limits, or even declare who they are.
The ICE then transacts the exchange on the New York Mercantile Exchange which is regulated, but has no control over orders of European origin. The people playing this game are huge banks, huge hedge funds..but we they are able to hide. The American taxpayer pays the price.

Oh yeah, Brian ... ( 6 months ago by ehunter2)

Oh yeah, Brian Hunter who manipulated the price of Natural Gas and screwed Americans out of billions of dollars, he went free. And is out there setting up shop again.
But if you steal $147 at a 7-11 you go to jail for years.

The ... ( 6 months ago by sunnskyy)

The not-so-scientific oil price formula:
(A + B + C) x D = E
A = 1 US President from Texas
B = Existence of A's deep family friendships among Saudi royalty
C = 1 unconstitutional US invasion of the #3 OPEC member country
D = Length, in years, of US occupation of invaded country factored into C, above
E = Oil Price
*Note 1: change in A will reduce E
Note 2: B is constant
Note 3: C is constant
Note 4: Limiting D will reduce E

Well, there we are. ... ( 5 months ago by seneca67)

Well, there we are. The truth. THis is the truth!

join pickens plan ... ( 5 months ago by kurtscash)

join pickens plan now

Is the stake ... ( 3 months ago by lucki39284)

Is the stake finally through the Reagan myth once and for all?

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