[B]Goldman Sachs, Morgan Stanley, BP, TOT, Shell, DB and Societe General founded the Intercontinental Exchange in 2000. ICE is an online commodities and futures marketplace. It is outside the US and operates free from the constraints of US laws. The exchange was set up to facilitate “dark pool” trading in the commodities markets. Billions of dollars are being placed on oil futures contracts at the ICE and the beauty of this scam is that they NEVER take delivery, per se. They just ratchet up the price with leveraged speculation using your TARP money. This year alone they ratcheted up the global cost of oil from $40 to $80 per barrel.
http://www.ktradionetwork.com/2009/11/13/goldman-sachs-oil-scam-passes-25-trillion/
[/B]If this is on the wrong thread then bilge it, but this, in my opinion, goes a long way in showing what is at the heart of the matter with this catastrophe.
As always, follow the money.
ICE has bought IntercontinentalExchange Inc., an Atlanta-based electronic exchange, completed its purchase of the New York Board of Trade http://www.investmentnews.com/article/20070115/REG/70115001
ICE Buys Leading LNG/Chemicals Trading Platform ChemConnect http://seekingalpha.com/article/37309-ice-buys-leading-lng-chemicals-trading-platform-chemconnect
ICE Buys Chatham Energy Partners http://www.finextra.com/news/announcement.aspx?newsreview=comment&pressreleaseid=17032
ICE Buys Creditex http://business.highbeam.com/436152/article-1G1-184330139/intercontinental-exchange-newsbite-ice-buys-creditex
ICE Buys Default Swap Clearer http://goliath.ecnext.com/coms2/gi_0199-9559052/ICE-buys-default-swap-clearer.html
ICE buys Chicago Climate Exchange http://www.eenews.net/public/climatewire/2010/05/03/2
Now about that Tarp money and Cap and Trade . . .