Anyone Smell A Whiff Of Enron?

Probe of Crude Oil Trading Disclosed
Agency Has Been Examining Market For Past 6 Months

By Steven Mufson
Washington Post Staff Writer
Friday, May 30, 2008; D01

During continued volatility in oil prices, federal regulators said yesterday that they had been investigating crude oil trading, storage and transportation for the past six months with a focus on possible "futures market manipulation."

The Commodity Futures Trading Commission, which normally keeps investigations confidential, said in a statement that it was "taking the extraordinary step of disclosing this investigation because of today's unprecedented market conditions."

Those conditions have sent oil prices to record heights, adding to the U.S. trade deficit, hurting consumers and companies, and weighing heavily on the nation's economy.

Gregory Mocek, director of enforcement at the CFTC, said five senior trial lawyers, "some of the most experienced prosecutors that we have," and other investigators were engaged in the inquiry. "The scope is quite broad," Mocek said, adding that the commission was looking at the "national crude market," including trades on regulated exchanges, cash trades, storage, pipeline operations and shipping.

Yesterday was another chaotic day for crude oil prices, which had soared about 30 percent since the start of the year. This time, however, prices tumbled $4.41, or 3.4 percent, to $126.62 a barrel on the New York Mercantile Exchange as traders tried to decipher new U.S. inventory numbers. The Energy Information Administration said petroleum stocks fell sharply, which would ordinarily drive prices up, but it blamed the drop on "temporary" delays in oil tanker off-loadings on the Gulf Coast.

I See Nothing........

If you've noticed a failure to blog on a daily basis this month, it's because I've been stupid crazy busy yea yea whoa..... and it may not let up real soon. Anyhow, in hockey news the fucking Penns played a good game and beat the Wings last night. The first goal seems to be huge in these games..so we'll see if the Wings can adjust and take the split by winning Saturday.

In non hockey news.. Scotty ' White Boy' McClellan decides to go the limited hang out route and fess up that maybe ( just maybe mind you) there was some lying going on in the Bush White House. And maybe, just maybe.... 'Ol Dubbya is not quite Winston Fucking Churchill in the leadership department. Really? Ya think so Scotty? What was your first clue the place was on fire Mrs O'Leary? Scott Motherfucking  McCellan waking up to almost smell the coffee at this late date is like Sergeant Schultz saying he had his suspicions all along that Hogan was up to something. 

Fuck me..what time is the game on?

Requiem Aeternam

T.J. From the RVFD remembered this day.

The Wizard Of Oz

Game Two

Red Wings : 2

Penns: 0

Game One

Wings: 4

Penns: Zipo, Nada, Zilch, Bupkus, Scratch, Naught,Zero

WTF Hillary?

WTF Hillary? Yeah I think I know what you were trying to say, and I am sure you are dog tired...but still ...Bobby???  WTF!!!! I remember that night all too well...as I'm sure you do. All of us of a certain age recall the end of the 60's and the end of any innocence and naiveté we had about what this country really represents. We kill change agents, we kill dreamers, we kill moral men... we always have and I guess you know deep down that we always will. I understand your calculus, yeah something could happen.... just like something happened before to put a Texan in the White House, just like something happened at the Loraine Motel, just like that awful scene in the Ambassador Hotel... something happens....... and if, or when it does this time.... you'll cry big fat tears while you rub your hands with glee. Is that really your game? 

Fuck you Hillary.

Hey Joe, I thought We Told You To Shut The Fuck Up

From an Op Ed By "Joe" In Todays Wall Street Journal



Far too many Democratic leaders have kowtowed to these opinions rather than challenging them. That unfortunately includes Barack Obama, who, contrary to his rhetorical invocations of bipartisan change, has not been willing to stand up to his party's left wing on a single significant national security or international economic issue in this campaign.
In this, Sen. Obama stands in stark contrast to John McCain, who has shown the political courage throughout his career to do what he thinks is right – regardless of its popularity in his party or outside it.