The Ghost of Enron

   This article is an analysis of what we have now, and doesn't mention that at the behest of Enron, the oil lobby, and his Buddy Ken Lay, President Bush and the Republican (at the time) Congress passed legislation that allowed Wall Street to insert another layer of capitalist greed into our oil supply structure. Now, as a result, we have hedge funds, and oil speculation, causing severe instability in the price of gasoline in our country, and ever higher prices at the pump. This is nothing new, the BA has, throughout it's reign, managed to find new and easier ways for business to extract a little more blood out of the American Public. Military no bid contractors doing military jobs, at much higher prices than the military could have done them itself, privatizing anything they could, always at a higher cost, even stipulating that medicare and medicaid could NOT use it's power of volume to negotiate lower prices from the pharmaceutical companies for the senior drug bill. The military contractor mess has even spilled over to the states themselves, with Blackwater contracted to fulfill security functions during the Katrina crises, and stepping on constitutional rights, well, right and left, while they were about it. Hell, they even have Halliburton building concentration camps in the desert to house people like me when he finally declares martial law. Oh, excuse me, to house all the illegal aliens they are going to round up. Right, like that's ever going to happen under this president, who has gone the extra mile many times to pass illegal immigrant amnesty, for his illegal dependant corporate buddies. But that's enough background. This story is about oil, it's present cost and why you can thank the Ghost of Enron, and founder Ken Lay, and why you better not speculate that it is just on an up cycle, anymore. What goes up, doesn't necessarily come down, when you're talking about past peak oil scenarios, with the Ghost of Enron at the hedge fund rudder. Click Here