{"id":24339,"date":"2007-01-25T01:01:01","date_gmt":"2011-05-19T06:05:23","guid":{"rendered":""},"modified":"2011-05-19T06:05:23","modified_gmt":"2011-05-19T06:05:23","slug":"is_oil_price_manipulation_possible","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2007\/01\/25\/is_oil_price_manipulation_possible\/","title":{"rendered":"Is Oil Price Manipulation Possible?"},"content":{"rendered":"
\n

RUSH: Jerry in Wheeling, West Virginia, great to have you with us today, sir, hello.<\/p>\n

CALLER: So nice to speak with you, Rush. It\u2019s quite a pleasure.<\/p>\n

RUSH: Thank you.<\/p>\n

CALLER: I\u2019ve got a question, and then I\u2019m going to hang up and I\u2019ll listen to your answer. I understand how economics works somewhat and the price of oil today is anywhere between 90 to a hundred dollars, it\u2019s been up and down. My question is, being that it\u2019s an election year, and someone like George Soros, or even the people that\u2019s selling the oil, the sheiks —<\/p>\n

RUSH: OPEC?<\/p>\n

CALLER: OPEC, yes. Can they manipulate the prices? Can they have their buyers come in and buy at the higher price and just kind of hang onto it till later, that\u2019s my question. And I\u2019ll let you answer this and I\u2019ll go down the road —<\/p>\n

RUSH: Well, wait a minute now, I\u2019m not going to let you off the hook that easily.<\/p>\n

CALLER: Okay.<\/p>\n

RUSH: (laughter) What do you think?<\/p>\n

CALLER: I think it\u2019s possible. Anybody with enough money can do anything.<\/p>\n

RUSH: Can you recall a period of time — how old are you?<\/p>\n

CALLER: I\u2019m 58 years old.<\/p>\n

RUSH: You are 58. Well, you\u2019re a year older than I am. So do you recall in any of your adult life when the price of oil was manipulated without withholding it from the market, contrived shortages, to affect elections?<\/p>\n

CALLER: Personally, no, I can\u2019t.<\/p>\n

RUSH: The only time I can remember blatant examples of this would be with the contrived shortages of oil being allowed into the country in the seventies to be refined. There was not a shortage of oil. They were just withholding it from us for a host of reasons. They did get the price up, and it happened rapidly, went from 25 cents up to a buck inside of two years. But, you know, since 1969 when gasoline was about 25 cents a gallon, in 40 years it\u2019s gone up basically $2.80, maybe three bucks, which is not really a whole lot. So when you talk about the price of oil you really take it down to the root level of the price of gasoline because that\u2019s how it\u2019s going to affect people\u2019s lives. Democrats, after Hurricane Katrina, they went into these gouging examinations and analysis, they had these hearings, and they were just convinced that Big Oil was playing games by getting the price up there left and right, to gouge people, and the Democrats have yet to be able to find one instance of it. <\/p>\n

In fact, the haughty John Kerry, who served in Vietnam, suggested during the 2004 presidential campaign — he did two things. The first thing he did was saying that if he were president, he would be on the phone with OPEC, and he\u2019d make sure to get the price down and get whatever needed to be happening at the time. Kerry, ‘I\u2019ll get on the phone, and I\u2019ll make those–‘ and it wasn\u2019t long after that that he accused Bush of doing the same thing behind closed doors. I think that when you\u2019re talking about the price of oil, even the price of gasoline — do you know that everybody expected after Hurricane Katrina, we had refineries shut down for a while, we had some oil wells out there in the Gulf, and people were panicked, ‘Oh, my God, oh, my God,\u2019 and for a while, you could have found six-dollar-a-gallon gasoline in Atlanta for a day or two. But do you know what kept the price down? You know why none of that happened after hurricane Katrina? Because we import refined gasoline. It\u2019s so tough to manipulate markets when it\u2019s global. Let\u2019s say that George Soros does try to impact the price of oil. George Soros may have it in for Republicans, but the ChiComs couldn\u2019t care less about George Soros. If George Soros starts monkeying around or tries to, and the only way he could do this would be on the commodities market, which is where these fluctuations in the price of oil are taking place. <\/p>\n

I ought to look this up because this is fascinating. We need to go into what the speculative price of oil, the future price of oil right now is, you said between 90 and a hundred bucks a barrel. Go to the government\u2019s publications, and I\u2019m not sure which publication this is, but it\u2019s out of the Office of Management and Budget, and find out what we\u2019re actually paying per barrel of oil that we import, it\u2019s nowhere near 90 to a hundred dollars. That\u2019s just the futures market price. But it always astounds people. Oil is the fuel of this world functioning, and when you try to up the price artificially somewhere, it\u2019s going to have an effect somewhere else down the line. I don\u2019t think anybody could sustain a full-fledged, world increase, dramatic increase in the price of oil. If it were possible, it would be happening all the time, and it doesn\u2019t happen all the time. I know what you\u2019re saying. You think that the Democrats or Soros might do this to impact the economy and give the election to Democrats since Bush is in office. They\u2019re going to try things like this, but they really don\u2019t have too far to go. Most people think we\u2019re in a recession anyway when we\u2019re not.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Jerry in Wheeling, West Virginia, great to have you with us today, sir, hello. CALLER: So nice to speak with you, Rush. It\u2019s quite a pleasure. RUSH: Thank you. CALLER: I\u2019ve got a question, and then I\u2019m going to hang up and I\u2019ll listen to your answer. I understand how economics works somewhat and […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\nIs Oil Price Manipulation Possible? - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/admin.rushlimbaugh.com\/daily\/2007\/01\/25\/is_oil_price_manipulation_possible\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Is Oil Price Manipulation Possible? - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Jerry in Wheeling, West Virginia, great to have you with us today, sir, hello. CALLER: So nice to speak with you, Rush. It\u2019s quite a pleasure. RUSH: Thank you. CALLER: I\u2019ve got a question, and then I\u2019m going to hang up and I\u2019ll listen to your answer. I understand how economics works somewhat and […]\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/admin.rushlimbaugh.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2007\/01\/25\/is_oil_price_manipulation_possible\/#webpage\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2007\/01\/25\/is_oil_price_manipulation_possible\/\",\"name\":\"Is Oil Price Manipulation Possible? - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\"},\"datePublished\":\"2011-05-19T06:05:23+00:00\",\"dateModified\":\"2011-05-19T06:05:23+00:00\",\"author\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2007\/01\/25\/is_oil_price_manipulation_possible\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/admin.rushlimbaugh.com\/daily\/2007\/01\/25\/is_oil_price_manipulation_possible\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/daily\/2007\/01\/25\/is_oil_price_manipulation_possible\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is Oil Price Manipulation Possible?\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Is Oil Price Manipulation Possible? - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/admin.rushlimbaugh.com\/daily\/2007\/01\/25\/is_oil_price_manipulation_possible\/","twitter_card":"summary","twitter_title":"Is Oil Price Manipulation Possible? - The Rush Limbaugh Show","twitter_description":"RUSH: Jerry in Wheeling, West Virginia, great to have you with us today, sir, hello. 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