Signing up could earn you gear and it helps to keep offensive content off of our site.
Visit our Flying shop
Just thought people might want to know that the only reason they are paying 5 dollars for a gallon of fuel is big investment banks notably Goldman Sachs. About 99.5% of oil contracts are held by speculators, that means only .5% actually go to people that take delivery of the product. These banksters have been using offshore exchanges to trade contracts back and forth to make it look like demand and thus price is much stronger than it is. They take taxpayer money and use it to add an estimated 50 billion fleecing to all americans per month. It is interesting how this offshore exchange has been operating since the early 2000's, about the same timeframe in which we have seen skyrocketing oil prices. Demand is so weak for oil due to the current price that they are having problems finding places to store it, but the price keeps going up totally against what supply and demand would dictate. I'm sure I do not have to point out how vulnerable the aviation industry is to oil prices. Everyone should contact their congressmen and senators and demand that this be stopped. If it was to end oil would drop to 30 dollars a barrell and gas to 2dollars.
Take advantage of all the helpful technology at your fingertips.
Copyright © 2013 FLYING. All rights reserved. Reproduction in whole or in part without permission is prohibited.