Plug-In Hybrid Electrical Vehicle

34 years ago we had an oil crisis and today we are talking about similar legislation to help solve our current economic crisis with respect to oil demand. Does it get anymore frustrating than this?

At what point do we start learning from our past experience? At what point does a warning from Alan Greenspan become legitimate? We all held on to his words but for some reason thought he was a crazy old man when he warned us about Fannie Mae and Freddie Mac. At what point do we start taking this problem seriously as a nation? I think too many people see our problems in the same light as the trash and boarded up buildings in a bad neighborhood on the other side of town. Most think that if I ignore it long enough the problem will simply go away. Hell most people probably thought.. "If real estate prices continue to climb some savvy developer is going to buy up that bad neighborhood in put in luxury condos or OOH maybe that developer can put in another Home Depot and Walmart.

We have so many indicators and factors that have been in our face for decades and yet we have done nothing. Our economic situation did not hit us like a freak earth quake without warning. We have had all the information necessary to know that many indicators were real and that if not addressed could cause a deep recession.

Houses are not worth that much! WTF WTF WTF Everyone knew deep down inside that housing prices were completely ridiculous. It does not take a derivatives trader to figure out that houses were over valued. How in the *&^% did so many financial analysts and risk managers just look the other way just to make more money? I mean talk about the perfect storm....

Auto manufacturers that have not given a rats ass about fuel economy for over 90 years.

Greenspan warning us about Freddie Mac and Fannie Mae crisis years ago.

2004 - Franklin Raines, CEO of Fannie Mae was fired for engaging in accounting improprieties that hid earnings volatility. Better known as accounting irregularities to the spin doctors.

I know that I am rambling.... It is just so frustrating that this time our bubble was not just some internet valuation game being controlled by the nations richest and most powerful traders and market makers. This time, WallStreets superpowers were playing with paper that has ##@@ed us like no other financial game in our countries history.

It is the perfect storm set in place by financial traders and risk managers. Greed at its best.

What is amazing is that we are still sitting in the bleachers watching WallStreet's super heros do it all over again with Oil.

WallStreet is no different than any other institution. Just like Madison avenue does it with styles and colors. WallStreet has a hot commodity or industry that everyone manages to convince is beautiful and real. No matter how ugly or uncomfortable it might be when broken down in a spreadsheet or with logic. Just as they where uncomfortable suits and ties all day because Madison Avenue tells them what to wear. A very select few super traders get to tell the world what is going to go up and create artificial markets and valuations with no substance or logic.

Oil speculators trade on such bullshit data. Hurricane possibilities drive up oil prices. Reported attacks on oil refineries without pictures or video footage drive up oil prices. Two guys miss work on an offshore oil drilling platform and oil prices go up.

These speculators are on the golf course laughing their asses off. Just like the internet bubble players were doing in 1999 outside the coffee shops in Palo Alto. They had nothing but potential to trade on and the oil traders have nothing but made up stories that enable them to move the markets.

Powereful players just go from one game to the next. Some win and some lose. But nothing changes except for the game. Junk bonds, Internet Companies, Mortgages, and Now oil. All they did is figure out how to do it in another category and make more money doing it.......

How beautiful is it when you can walk in the office and look at a weather report send out a few emails and make millions. It's beautiful. Login to your email and check out your Google alerts and find the perfect little link and pass it long to CNBC. Shazaam! Oil prices have gone up.

Or just get on CNBC and tell the world that global demand is driving the prices and we might run out of oil. Imagine that. They found a game that allows them to use fear to drive up prices.

Was the gauge that measures the amount of oil underneath the earths surface broken until recently? Was it stuck? Oh I bet it was probably just dirty and one of the traders took the time to clean it off and then looked at it and said holy shit! "We don't have that much oil left. I better call CNBC and let them know"

I am not denying the fact that oil demand is up and going up based on global growth. There were some aspects of the internet bubble that were real. However, after thousands of companies were started and stopped and billions were lost we were left with Google, Yahoo, Ebay and a handful of others.

The problem with oil is that you can't walk over to the middle east pull out the dip stick to see how much oil is actually in the ground or quickly find an alternative source of energy to slow down the speculation.

This oil game is brilliant. They figured out how to trade the perfect commodity and we have no real way to stop it from my perspective.

So the next time an oil trader comes in your shop, charge him 300 times the suggest retail price and tell him there was a threat of a hurricane off the Gulf so I had to raise my prices to cover the possibility that demand is going up and supply could be slowed down for the next few weeks.

Oh and always charge more in hot months and cold months. People like to use stuff when its hot and when its cold. I have always loved that one.....

Just make up some story about some neighborhood thieves that have been stealing stuff from local businesses. Use that as an excuse to charge your oil speculators 500% above suggested retail.

The bottom line is I don't have enough information to truly understand the oil game but on the surface it just pisses me off because it doesn't make much sense based on the data that drives prices up and down.