Open Letter . . . .
A few Modest Proposals for solving the unprecedented world-wide rise in oil and gasoline prices, our dependence on oil, as well as the astronomic world-wide rise in food prices
(from Hal Peters, Computer Quality Architect, Mr_Hal_Peters@yahoo.com)
Proposal One
Facts:
Over 50% of the price of gasoline that consumers pay at the pump is caused by speculators and hucksters betting that they will make money by investing in crude Oil Futures Trading
The US energy policy, at the moment, seems to be having our president, George Bush, going over to Saudi Arabia and begging that they produce more oil (and getting rejected, twice)
There is no “free market”, and there is no open trading on human body parts. It would be un-thinkable.
The Solution:
In a timely and expedited manner as possible, pressure politicians to work with the UN (or World Bank) to pass a resolution to outlaw Oil Futures Markets around the world. In one quick bold act, put in steep fines and penalties for Exchange Markets that continue to be involved in providing a “vehicle” for crude oil and ancillary commodities trading. All exchanges must immediately take crude oil futures off their boards and halt such trading by their members!
In a timely and expedited manner, the UN (or World Bank) must also pass a resolution to outlaw the speculation in Oil Futures by private investors and financial institutions. Put in steep fines and penalties for companies and private speculators if they continue to use their computer systems for commodities trading of crude oil. Since there will no longer be exchanges and markets for “crude oil”, they must remove these (and related transaction types) out of their portfolios.
Interpole and other world-wide law enforcement bodies will strictly enforce these new emergency measures, and will work with local police / regulatory bodies in their enforcement
The Result
Speculators will become gun shy, perhaps even by these types of discussions, and the price of a barrel of crude oil will go IMMEDIATELY down to about $70
The drive and impetus to divert corn from the human food supply will stop, and the price of rice, meat, and other foods will start immediately also dive.
Transportation costs will decrease, easing the pressure on all countries’ economies.
Tens of millions of people, world-wide . . . will now be able to afford the food and heating fuels needed, in order to not starve or freeze to death
(for details . . . contact Hal Peters, Computer Quality Architect, Mr_Hal_Peters@yahoo.com
Tags: Find out how to help solve, in a practical way . . . some of the greatest challenge, lowering the price of crude oil and gasoline, open letter!!!, solving the price of gas and food, the cost and lacking of food !!
May 17, 2008 at 9:18 pm
Wow, what a great and practical idea!!! Who can help us get this done??
May 18, 2008 at 4:41 pm
Outlawing Oil Futures marketing is an outstanding idea! I know the investors and economists throughout the world would think that it is crazy, but this is a crisis situation that has been created by people who don’t have any solid skills that benefit humanity – only their desire to make more money at everyone else’s expense.
May 28, 2008 at 3:41 pm
Fantasy, pure & simple. You all got to remember, our President was an oil man before he became president & George is going to ride this old horse till he dies! Believe me, he’s doing nothing to bring gas prices down! The only one’s capable of doing this is you! Get a grip!