Today's Stories

March 28, 2008

Wajahat Ali
The Libertarian Dark Horse: An Exclusive Interview with Ron Paul

May 27, 2008

Alexander Cockburn
In Her Mind She's Killed Before: the Plot to Assassinate Ralph Nader

Greg Kafoury
Is Obama Turning (Further) Right?

Jean Bricmont
Western Delusions

Tim Wise
Farrakhan is not the Problem

Ricardo Alarcón
Puerto Rico's Turn

Stephen Soldz
APA Supports Psychologist Engagement in Bush Regime Interrogations

Andy Worthington
The Guantánamo 16

Alan Singer
Vapid, Stupid and Insulting: Chuck Schumer Speaks to the Graduates

Richard Neville
Storm in an A-Cup

Susie Day
Gone with the W

May 26, 2008

Uri Avnery
The Syrian Option

Bill Quigley
War Immemorial Day

Col. Dan Smith
Retreating from Hell: a Different Memorial Day

Cindy Sheehan
Why Memorial Day is a Double-Whammy for Me

Marjorie Cohn
Hillary's Assassination Politics: Her Last Shot?

Fred Gardner
Does the VA Care?

Raymond J. Lawrence
Pain Pays: Getting Rich at NY Presbyterian Hospital

Harvey Wasserman
Mugging the Election System

Moncia Benderman
Truth Matters

David Rovics
In Praise of Utah Phillips

Website of the Day
Fox News Jokes About "Knocking Off" Osama and Obama

May 24 / 25, 2008

Alexander Cockburn
Death-Wish Hillary Primes Manchurian Candidate

Jeffrey St. Clair
Yellowstone: How Sununu Shrank the Ecosystem

Barbara Rose Johnston
Dam Legacies, Damned Futures

Nikolas Kozloff
U.S. Fourth Fleet in Venezuelan Waters

Adriana Kojeve
The Environment and the 2008 Elections

Robert Fantina
Justice Department's Revelations on Torture

Dave Lindorff
Bush's War on Children in Iraq

David Yearsley
The War on Kitsch

Nelson P. Valdés
The Buying of "Democracy" Agents in Cuba

Kathleen M. Barry
Celebrating Ethnic Cleansing

John Ross
Mexico's Narco Opera Reaches for High Point

Allison Kilkenny
Apathy Doesn't Live in Bronx

Fred Gardner
Orangeburg, 1968

Elizabeth Schulte
Can the Whole World be Fed?

Daniel Gross
Remembering the Wendy's Massacre: the Dangerous Side of Retail Work

Christopher Brauchli
The Search for a Token Right-winger

Richard Rhames
A Nation of Sheep

Daniel Cassidy
My Mother

Poets' Basement
Davies, Klipschutz and Willson

Website of the Weekend
Happy Birthday, Bob

May 23, 2008

Paul Craig Roberts
War Abroad, Poverty at Home

Alan Farago
The Radical Extremists of the Building Industry

Conn Hallinan
Ballots and Bullets: From Beirut to Bolivia

Mark Engler
The World After Bush

George Wuerthner
Cars and Cows: Living Large in America

Kamran Matin
The Kurds and American Neo-Imperialism

Sandy Boyer /
Shaun Harkin
The Long Incarceration of Pol Brennan

Robert Weitzel
A "Holey" Instrument of Peace in Iraq

Cindy Sheehan
An Uphill Battle

Liaquat Ali Khan
Pakistan's Futile Constitutional Amendment

Website of the Day
A Message from the Moral Compass of the McCain Campaign

May 22, 2008

Vijay Prashad
Racist Grammar

Joanne Mariner
A Military Commissions Cheat Sheet

Sharon Smith
60 Years of Apartheid

Jeff Birkenstein
Disaster Redux: Some Early Thoughts on the Earthquake in China

Brendan McQuade
From Obama to the PRTs in Iraq

Peter Morici
The Sorry State of the Banking Industry

Niranjan Ramakrishnan
Restoration Boulevard

Dave Zirin
What I Want to Ask Mary Tillman

Ron Jacobs
CPR for the Antiwar Movement

Stephen Lendman
Immoral Hazard

Website of the Day
Hagee: God Sent Hitler to Drive the Jews to Israel

May 21, 2008

Jeffrey St. Clair
The Gothic Politics of Hillary Clinton

Nikolas Kozloff
U.S. Military Bases in South America

Alan Farago
Miami, Cuba and the Presidential Campaign

Dave Lindorff
Big John and the Scary, Scary Iran Threat

David Model
Genocide in Iraq?

Eric Walberg
Afghanistan: Who is the Enemy?

Franklin Lamb
Lebanon Gets a President

Kenneth Couesbouc
Tax Against Tyranny

Website of the Day
Child Labor and War-Affected Children: a Photo Essay

May 20, 2008

Ralph Nader
A Trip Inside Google

Uri Avnery
With Friends Like These

Patrick Irelan
The Empire and the Fleet

Ray McGovern
Come Out, Admiral Fallon, Wherever You Are

David Macaray
The UAW Strike Against American Axle

Chris Genovali
Big Oil on the Water: Skating Around the Tanker Issue

Ibrahim Fawal
Birmingham, Israel and the Nakba

Christopher Ketcham
Let Us Now Praise Famous Suicides

Andy Worthington
Guantánamo Trial Delayed

Martha Rosenberg
Merck is a Repeat Offender

Website of the Day
Defend the Students Who Pied Tom Friedman

May 19, 2008

Saul Landau
Cuba Will Live

Paul Craig Roberts
The Metamorphosis of the Conservative Movement

Brian McKenna
Brotherly Love in Philly's Badlands

Patrick Cockburn
City of the Dead: Mosul on Lockdown

B. R. Gowani
The Central Problem Pakistan Needs to Tackle

Dr. Trudy Bond
Psychologists and Torture: If Not Now, When?

Cindy Sheehan
Whose War is It?

John Mohawk
The Warriors Who Turned to Peace

Remi Kanazi
When Free Speech Doesn't Come for Free

Robert Day
I Get a Horse

Website of the Day
Evolve or Die

May 17 / 18, 2008

Alexander Cockburn
The View from the Crusaders' Castle

Tim Wise
Testosterone is Not to Blame: Why Sexism isn't the Reason for Hillary's Loss

Andy Worthington
Gitmo Trials: Betrayal, Backsliding and Boycotts

Robert Fantina
The Double-Talk Express Derails

Karim Makdisi
In the Wake of the Doha Truce

Harry Browne
Only Ireland Can Vote on EU's Future

John Ross
Suicide by Taco? The Demise of Mexico's PRD

Dave Lindorff
Fear at the Pump

Robert Weissman
Pharmaceutical Payola

Laray Polk
Bush Family Appeasement

David Yearsley
Puritans in Seattle

Ron Jacobs
Riot Squads, Privatization and the National Front

Paul Quinnett
My Last Flight

Sam Bahour
Refugees are the Key

Keeanga-Yamahtta Taylor
Poverty Wages

Dr. Susan Block
The Groom May Kiss the Groom

Kim Nicolini
Paranoid Park: Inside the Fractured Landscape of Male Adolescence

Jeremy Scahill
John Cusack's War

Jeffrey St. Clair
Booked Up

Poets' Basement
Dominguez, Gerard and Davies

May 16, 2008

Stephen Soldz
Involuntary Drugging of Detainees

Jonathan Cook
Police Attack Al-Nakba March

Paul Craig Roberts
Lies of Aggression

Christopher Brauchli
A Funny Thing Happened on the Way to the Pharmacy

James L. Secor
Olympic Torch China: the View from Shaoxing

Franklin Lamb
Did Hezbollah Thwart a Bush/Olmert Attack on Beirut?

Linn Washington, Jr.
The Price of Protecting Racist Cops

Dave Lindorff
What West Virginia Means

May 15, 2008

Stan Cox
Big Brother Close Up

Jeff Halper
Rethinking Israel After 60 Years

Greg Moses
Living for the Children of Palestine

John Ross
Why Mexican Justice is a Euphemism

Ron Jacobs
Go to Work, Go to Jail

Binoy Kampmark
Indian Jailbirds: the Case of Binayak Sen

Eve Spangler
We Should Not Celebrate Dispossession

Martha Rosenberg
Meat Wars with South Korea

Website of the Day
Idaho Wolf Killers

May 14, 2008

Ismael Hossein-Zadeh
Oil Wars

Reza Fiyouzat
Torture, a Bully's Creed

Felice Pace
California Water Politics: Of Dams and Water Buffaloes

Hamdan A. Yousuf / Dania S. Ahmed
A Generation Defined by War

Robert Weitzel
Hillary's "Final Solution" to the Persian Problem

Ralph Nader
You're Either with the American People or the Big Auto Bosses

Dave Lindorff
Hillary, McCain and the Stupid Vote

Missy Comley Beattie
White Heaven: Hillary's W. Virginia Idyll

Neve Gordon
Israel as a Site of Struggle

Dr. Susan Block
A Washington Witch Hanging

Website of the Day
Hillary's Downfall

May 13, 2008

David Rosen
Sexual Terrorism: the Sadistic Side of Bush's War on Terror

Alan Farago
Nuclear Florida: Beachfront Reactors in an Age of Rising Sea Levels?

Saul Landau
The Crisis at Home

Saree Makdisi
Forget the Two-State Solution

Paul Craig Roberts
How Empires Fall

Andy Worthington
Gitmo's Suicide Bomber

Brother Bede Vincent
The Problem with Rev. Wright--There are Too Few Like Him

Linda Mamoun
Marketing Ethnic Cleansing

David Macaray
The Myth That Won't Die

Website of the Day
Burning the Future: Coal in America

May 12, 2008

St. Clair / Frank
The Pentagon's Toxic Legacy

Ziga Vodovnik
Rebels Against Tyranny: an Interview with Howard Zinn on Anarchism

Gary Leupp
Why All of Our Efforts Won't Stop an Attack on Iran

Frankln Lamb
Choufeit's Bloody Pentacost

Suzanne Baroud
The Ambition of Hillary Clinton

Martha Rosenberg
Farmer Ernie's Chamber of Horrors

Dave Zirin
The Boss's Boycott

Carl Finamore
I Ain't Gonna Work No More

Peter Morici
Recession Watch

Richard Rhames
The Third Way to Nowhere

Website of the Day
The Untold Story of Black New Orleans

May 10 / 11, 2008

Alexander Cockburn
Real Clear Numbers: 101,000 Casualties a Year

Franklin Lamb
Hezbollah Eases Up and Beirut Opens Its Shutters

Ciara Gilmartin
A Surge in Iraqi Detainees

Diane Farsetta
Inside a Nuclear Industry Soirée

Kent Paterson
Mother's Day in Ciudad Juarez

Alan Farago
The Social Engineers

Rannie Amiri
Beirut on the Brink

Patrick Irelan
Bolivia, Morales and the Red Ponchos

Robert Fantina
The Lexicon Legacy of George W. Bush

Nikolas Kozloff
El Salvador 2009: Another Feather in the Cap of Chavez?

George Ciccariello-Maher
The Yumare Massacre, 22 Years On

David Yearsley
Bacharach at 80

Ron Jacobs
Rosa Luxemburg's Shock Doctrine

John Holt
Can Yellowstone Survive?

David Michael Green
It's So Over

Ben Terrall
Dealing Sleep

Kim Nicolini
The Best Film of the Bush Era?

Jeffrey St. Clair
Booked Up

Poets' Basement
Gibbons, Orloski, Frisella, Gladstone-Gelman

May 9, 2008

Franklin Lamb
A Wild Day in Beirut

Andy Worthington
The Afghans of Gitmo

Benjamin Dangl
Polarizing Bolivia

Mark A. Huddle
Remembering Mildred Loving, an Unsung Hero of the Civil Rights Movement

David Macaray
Hollywood Gives SAG the Brush Off

Dave Lindorff
Team Clinton: Going Down Ugly

C.G. Estabrook
The Way We Live Now

Matt Kosko
McCain, Clinton, Obama and the Wages of Lesser-Evilism

Robert Weissman
Big Business is not the Solution to Global Poverty

Michael Dickinson
Jailing the Joint

Website of the Day
The Role of Third Parties in the U.S.A.

May 8, 2008

Sharon Smith
Rockefeller Family Fables

Saul Landau
The NATO Axiom

Laura Carlsen
A Primer on Plan Mexico

Binoy Kampmark
Food Riots are Coming to the U.S.

Kenneth Couesbouc
China's Paper Feet

Liaquat Ali Khan
Pakistan's Constitutional Shenanigans

Franklin Lamb
Blindsided, Hezbollah Mulls Its Response

Sen. Russ Feingold
Government in Secret

George Wuerthner
The Problems with Conservation Easements

Richard W. Behan
A Brief Exposé of a Fraudulent War

Adam Federman
Marching for Sean Bell

Website of the Day
State of the Air

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In Search of a Sane Government

What's Really Driving the High Price of Oil?

By RALPH NADER

What factors are causing the zooming price of crude oil, gasoline and heating products? What is going to be done about it?

Don’t rely on the White House—with Bush and Cheney marinated in oil—or the Congress—which has hearings that grill oil executives who know that nothing is going to happen on Capitol Hill either.

Last week the price of crude oil reached about $130 a barrel after spiking to $140 briefly. The immediate cause? Guesses by oil man T. Boone Pickens and Goldman Sachs that the price could go to $150 and $200 a barrel respectivly in the near future. They were referring to what can be called the hoopla pricing party on the New York Mercantile Exchange. (NYMEX)

Meanwhile, consumers, workers and small businesses are suffering with the price of gasoline at $4 a gallon and diesel at $4.50 a gallon. Suffering but not protesting, except for a few demonstrations by independent truckers.

A consumer and small business revolt could be politically powerful. But what would they revolt to achieve? Their government is paralyzed and is unable to indicate any action if oil goes up to $200 or $400 a barrel. Washington, D.C. is leaving people defenseless and drawing no marker for when it will take action.

Oil was at $50 a barrel in January 2007, then $75 a barrel in August 2007. Now at $130 or so a barrel, it is clear that oil pricing is speculative activity, having very little to do with physical supply and demand. An essential product—petroleum—is set by speculators operating on rumor, greed, and fear of wild predictions.

Over the time since early 2007, U.S. demand for petroleum has fallen by 1 percent and world demand has risen by 1.3 percent. Supplies of crude are so plentiful, according to the Wall Street Journal, “traders of physical crude oil say their market is suffering from too much supply, not too little.”

Iran, for instance, is storing 25 million barrels of heavy, sour crude oil because, in the words of Hossein Kazempour Ardebili, Iran’s oil governor, “there are simply no buyers because the market has more than enough oil.”

Mike Wittner, head of oil research at Societe Generale in London agrees. “There’s various signals out there saying for right now, the markets are well supplied with crude.”

Historically, oil has been afflicted with the control of monopolists. From the late nineteenth century days of John D. Rockefeller, and his Standard Oil monopoly, to the emergence of the “Seven Sisters” oligopoly, made up of Standard Oil, Shell, BP, Texaco, Mobil, Gulf and Socal, to the rise of OPEC representing the major producing countries, the “free market” price of oil has been a mirage. Despite the breakup of the Standard Oil company by the government’s trustbusters about 100 years ago, selling cartels and buying oligopolies kept reasserting themselves.

In an ironic twist, the major price determinant has moved from OPEC (having only 40% of the world production) and the oil companies to the speculators in the commodities markets. What goes on in the essentially unregulated New York Mercantile Exchange (NYMEX)—without Commodity Futures Trading Commission (CFTC) enforced margin requirements, and, unlike your personal purchases, untaxed—is now the place that leads to your skyrocketing gasoline bills. OPEC and the Big Oil companies reap the benefits and say that it’s not their doing, but that of the speculators. Gives new meaning to “passing the buck.”

Deborah Fineman, president of Mitchell Supreme Fuel Co. in Orange, New Jersey, summed up the scene: “Energy markets have been dictated for too long by hedge funds and speculators, who artificially manipulate the numbers for their own benefit. The current market isn’t based on the sound principles of supply and demand but it is being rigged by companies and speculators who are jacking up prices for their own greed.”

Harry C. Johnson, former banker who worked for many years inside Big Oil and ran his own small oil company in Oklahoma, blames the CFTC, the Department of Energy, the Administration, and Congress, as “asleep at the switch on an issue that is probably costing U.S. consumers $1 billion per day.”

He cites “some industry experts, who profit greatly from the high price of crude, and have stated openly that the worldwide economic price of crude, absent speculators, would be around $50 to $60 per barrel.

Imagine, our government is letting your price for gasoline and home heating oil be determined by a gambling casino on Wall Street called NYMEX. The people need regulatory protection from speculators and an excess profits tax on Big Oil.

In addition, a sane government would see the present price crises as an opportunity to expand our passenger and freight railroad capacity and technology.

A sane government would drop all subsidies and tax loopholes for Big Oil’s huge profits and other fossil fuels and promote a national mission to solarize our economy to achieve major savings from energy conservation technology, retrofitting buildings, and upgrading efficiency standards for motor vehicles, home appliances, industrial engines and electric generating plants.

Those are the permanent ways to achieve energy independence, reduce our trade deficit, create good jobs that can’t be exported and protect the environmental health of people and nature.

Those are the reforms and advances that a muscular consumer, worker and small business revolt can focus on in the coming weeks.

What say you, America?

Ralph Nader is running for president as an independent.

 

 

 

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