Melanio Paredes says oil, since its beginnings, is two way road.
SANTO DOMINGO.- Industry and Commerce minister Melanio Paredes said Thursday the country has had to boost the subsidy on electricity and propane gas to RD$40 billion, resulting from the “heartless speculation” for petroleum in the international markets.
He said the dramatic picture the “wild and cruel speculation” imposes nations dependent on fossil fuel imports, “forces us to spend funds on the oil bill which had to be focused on vital areas for human development and the country.”
He said Dominican Republic currently spends 40 billion pesos annually to subsidize electricity and propane gas, “a sacrifice that we must make to maintain feasible levels of accessibility to those services that large segments couldn’t pay for if they were to be liberalized.”
“Petroleum is today the main thing responsible for the ingovernance. Ever since it began to be exploited in 1856 petroleum was propulsive of humanity’s great advances and modernity we enjoy today, but that same irresponsible and irrational petroleum exploitation is the cause of our sleeplessness, our burdens, our crises and main motor of ingovernance today,” said Paredes in a statement.
Written by: Belial, 26 Jun 2008 3:31 PM
From: United States, Texas
Yes, but is useful for workers to identify the "speculators."
Show who and what they are.
Speculators are more than just floor traders at major petroleum exchanges, the real speculators are the ravenous imperialists ... especially oil companies, investment banks, and hedge funds ... for whom the floor traders really work.
It is the imperialists, avaricious fiends taking most of the profits from speculation, who protect the floor traders from government regulation that will rein the traders in.
Throwing up their hands in mock despair, the bourgeois state in the US and UK say "Oh me, oh mine, these floor traders. I just don't know what to say."
This an act that they put on, as billions of dollars flow in every day.
The middle and small bourgeoisie, with only few a few million dollars, are afraid to take on or ... often ... even criticize their imperialist masters.
Capitalism is infested with punks and pimps of imperialism.
Written by: juanb, 26 Jun 2008 3:32 PM
From: Dominican Republic
OK belial:
Let er rip.
But at the same understand that people who have earned money ( yes some people work hard and save money, rather than looking to feed at the public trough), have the right to invest it as they see fit, including buying things that they believe will increase in value in the future.
I, too, would like to see these speculators in this particular commodity lose money. They only way to see this come to pass is to develop alternative fuels (which you seem to be completely against), while at the same time cutting usage of petroleum products.
From: United States
juanb,
Please understand that belial is a communist stooge trying to reform the Dr to a standard like Cuba.
As acommunist stooge he simply behaves as a parrot mimicking what he has heard from Castro.
Even Russia is not so communist any more. belial will have to move to cuba so that he can live off the fat of the land.
Written by: Belial, 26 Jun 2008 3:40 PM
From: United States, Texas
"But at the same time that people who have earned money, unlike yourself, have the right to invest it as they see fit, including buying things that they believe will increase in value in the future."
0000
This degree of speculation in oil futures is not "earning" money, rather it is stealing money, yours included.
This speculation is unregulated stealing; so, it enjoys an air of legality or hides under a cloak of legality.
This is another Enron, the imperialist elite of the capitalist class gone mad with greed, because the elite knows how sheeplike, contemptible, and utterly submissive the mass of the bourgeosie and, of course, rotten middle class are toward their imperialist masters.
Written by: Belial, 26 Jun 2008 4:15 PM
From: United States, Texas
"Please understand that belial is a communist stooge ...," JimHarrington claims.
oooo
Communist? Forever.
Stooge? Never.
JimHarrington, I don't know if you have enough sense to understand.
The imperialists are robbing more than just the workers today, the imperialists are looting the bourgeoisie and the middle class, too, because the take is better.
You are the submissive clown or the stooge for cheering and celebrating you own exploitation by your imperial masters.
From: Dominican Republic
Even if we create alternative fuels they would probably employ the same tactics to drive up the prices and continue stealing from us. Our only hope is if the government interferes or if we stop using fuel.
Written by: Belial, 26 Jun 2008 4:45 PM
From: United States, Texas
Perhaps, the oil producers and consumers should consider a new type of electronically operated petroleum exchange, removed by imperialist venues like NYC and London, that bypasses or, better still, completely dispenses with the "outcries" of the speculative traders.
But so many of the consumers are congenitally servile to imperialist commands ... as are many of the oil producers ... that the project, so transparently needed, may never get off the ground.
It's a problem of the management of markets.
But how?
Written by: bernies, 26 Jun 2008 4:53 PM
From: United States, falls church va
were is gcolonial on this one
Written by: Belial, 26 Jun 2008 5:00 PM
From: United States, Texas
"Even if we create alternative fuels they would probably employ the same tactics to drive up the prices and continue stealing from us. Our only hope is if the government interferes or if we stop using fuel."
oooo
Obama says he will intervene. Many believe he will.
McCain says he won't. Most believe he won't.
Cut waste in oil consumption?
A great idea.
Indeed, a necessity.
But the "American way of life" consists of wasting oil.
To effect a drastic reduction in the waste of oil in the USA in the short term, we must summon to the USA the Nazarene in heaven who sits at the right hand of God to do, at least, a 1000 miracles which may convince some US citizens that the wasteful "American way of life" is unsustainable.
Good luck. If I can help, let me know.
In the short term, meanwhile, hundreds of millions of people will die from famine whose deaths will be completely ignored by the despicable capitalist press.
Written by: Belial, 26 Jun 2008 5:01 PM
From: United States, Texas
Alternatives is ... (or are or something) the key.
Written by: anthonyC, 26 Jun 2008 7:22 PM
From: United States
The Industry and Commerce minister says:
“Petroleum is today the main thing responsible for the ingovernance. Ever since it began to be exploited in 1856 petroleum was propulsive of humanity’s great advances and modernity we enjoy today, but that same irresponsible and irrational petroleum exploitation is the cause of our sleeplessness, our burdens, our crises and main motor of ingovernance today,” said Paredes in a statement."
Time to get a new Industry and Commerce minister!!!
I mean what kind of populist left-wing, anti-capitalist, anti-freedom crap was that?
From: Canada
makes a lot more sense than His royal Anus king wanker of wiki does
From: Canada
Business at Nevada’s Brothels is down 45 percent because of gas high prices. Not so much because truckers find it hard to find money to drive to the bordellos, but rather because the price of gas is so high, the trucker’s wives are the ones working in the brothels With gas costing half as much in Mexico, a lot of Americans are flocking to Tijuana to fill up their tanks. And listen to this. If you bring back 15 or 20 illegal aliens, you can use the carpool lane.
From: Canada
New energy plan proposed by Belial "The new plan is centered around a hi-tech website that will allow Americans quickly and conveniently to calculate their budgets for fuel, food, and energy consumption, which they will then be obligated to submit to an impartial UN panel of international experts. The panel will review every submission within a two-month period, after which it will instruct the US authorities to turn on the heat, water, or electricity in the homes of those Americans whose energy consumption does not exceed the limits established by the government of Zimbabwe.
From: United States
Goulet, i saw where the stock exchange lost close to 400 points yesterday. the figures for June show it to be the worst June on record in 80 years. ( the onset of the great depression) general motors stock is at its lowest point in 33 years, and there is worry that it might not have enough liquidity to stave off receivership before the end of the year. oil hit 142.00, and opec predicts 170.00 by september. Citibank proposes another multi-thousand employee layoff in the coming weeks. would you say that the economy is just having a case of the hiccups, or do you now agree that recession is at hand? bear in mind that the dollar slid again yesterday, portending yet higher oil prices. do you still contend that people are just ¨playing politics¨?
From: Canada
Dread what is the official definition of a recession ?.......2 quarters etc. .....we have not had one yet
From: United States
two successive quarters of negative growth. that is the dictionary definition, but, for all intents and purposes, we are in recession. 1% growth does not mean a hill of beans in the present conditions, not when you are spending billions per month on prosecuting a war!
From: United States
The article is very unusual. Speculation is the main reason for the price of oil today, but we are switching bubbles in faster rhythm as each pops (e.g. real estate) so that is far out of the hands of
Paredes. His point is this is making sound options impossible. True but the article will not create more options and will not soften the effects.
Frank discussion of the implications of the enormous oil costs coupled with tactful preparation for economic upheaval to prepare the public and project confidence that no matter what happens in the international stock markets, the nation will stand. Helpful suggestions for householders and businesses would further instill confidence. Unfortunately the article does the opposite.
From: Dominican Republic
Paredes is merely pointing the finger at the speculators when part of the problem is ineffective and inefficient management of the resources that are available to the DR economy.
This emission by him is a "smoke screen" to divert attention away from the real causes of the problems confronting the DR society. not an unusual tactic since it is used consistantly by all government Ministers.
A case in point is the most recent "raise" the Legislators have given themselves, doubling their take from the public coffers.
These Legislators claim to have "expenses" over and above those normally experienced and need the"raise" to accomodate those "expenses".
TB
Written by: Belial, 29 Jun 2008 12:29 PM
From: United States, Texas
"Paredes is merely pointing the finger at the speculators when part of the problem is ineffective and inefficient management of the resources that are available to the DR economy."
0000
TB, you are passing the buck from the speculative elite of the rapacious US imperialists to hogtied Dominican managers for the unprecedented havoc caused by the manipulated rise in oil prices.
If the DR had ten times the resources it has, there is still no way to manage "effectively and efficiently" the pillage the speculative US imperialists are commiting. It's like mugging somebody with a gun and saying to him, as you run away his money "You ain't got no money in your pocket, because you don't manage efficiently."
A more extreme case of imperialist buck passing is unimaginable.
Poor countries are being beaten savagely into a imperialist debt trap for which the only payment is the transfer of their sovereignty to the vile imperialists.
Paredes says "This can't continue."
Written by: Belial, 29 Jun 2008 12:51 PM
From: United States, Texas
"Washington, Jun 29 (Prensa Latina) US airlines will suspend regular flights to some 100 cities in the United States, due to high operation costs, the digital portal Drudge Report said."
http://www.plenglish.com/article.asp?ID={5B385500-DE88-431E-B0FF-B97C0C32BEDC})&language=EN
0000
US executives don't know how to manage effectively and efficiently.
Written by: Belial, 29 Jun 2008 1:06 PM
From: United States, Texas
Father who's in heaven.
WHAT?
Do you know how to manage effectively and efficiently up there?
NOT WITH THESE OIL PRICES.
Why don't you do a miracle?
IT TAKES OIL TO DO MIRACLES.
From: United States
actually, Belial, i have to side with Texas Bill on this, not that it matters to you. it is very true that speculators and greedy actors are causing severe pain for all countries, but some can manage the pain, while others cannot. the dominican response is for government servants to further loot the coffers, rather than apply austerity measures. as the economic fortunes of the country decline, officials vote themselves higher salaries. by the way, what kind of system is that, wherein employees decide how much they want to be compensated? is there no such thing as a pay scale, and performance based increases? maybe when we start applying 21st century modalities, we will suffer less . and when we stop blaming every one else for out shortcomings.
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Show who and what they are.
Speculators are more than just floor traders at major petroleum exchanges, the real speculators are the ravenous imperialists ... especially oil companies, investment banks, and hedge funds ... for whom the floor traders really work.
It is the imperialists, avaricious fiends taking most of the profits from speculation, who protect the floor traders from government regulation that will rein the traders in.
Throwing up their hands in mock despair, the bourgeois state in the US and UK say "Oh me, oh mine, these floor traders. I just don't know what to say."
This an act that they put on, as billions of dollars flow in every day.
The middle and small bourgeoisie, with only few a few million dollars, are afraid to take on or ... often ... even criticize their imperialist masters.
Capitalism is infested with punks and pimps of imperialism.
Let er rip.
But at the same understand that people who have earned money ( yes some people work hard and save money, rather than looking to feed at the public trough), have the right to invest it as they see fit, including buying things that they believe will increase in value in the future.
I, too, would like to see these speculators in this particular commodity lose money. They only way to see this come to pass is to develop alternative fuels (which you seem to be completely against), while at the same time cutting usage of petroleum products.
Please understand that belial is a communist stooge trying to reform the Dr to a standard like Cuba.
As acommunist stooge he simply behaves as a parrot mimicking what he has heard from Castro.
Even Russia is not so communist any more. belial will have to move to cuba so that he can live off the fat of the land.
0000
This degree of speculation in oil futures is not "earning" money, rather it is stealing money, yours included.
This speculation is unregulated stealing; so, it enjoys an air of legality or hides under a cloak of legality.
This is another Enron, the imperialist elite of the capitalist class gone mad with greed, because the elite knows how sheeplike, contemptible, and utterly submissive the mass of the bourgeosie and, of course, rotten middle class are toward their imperialist masters.
oooo
Communist? Forever.
Stooge? Never.
JimHarrington, I don't know if you have enough sense to understand.
The imperialists are robbing more than just the workers today, the imperialists are looting the bourgeoisie and the middle class, too, because the take is better.
You are the submissive clown or the stooge for cheering and celebrating you own exploitation by your imperial masters.
But so many of the consumers are congenitally servile to imperialist commands ... as are many of the oil producers ... that the project, so transparently needed, may never get off the ground.
It's a problem of the management of markets.
But how?
oooo
Obama says he will intervene. Many believe he will.
McCain says he won't. Most believe he won't.
Cut waste in oil consumption?
A great idea.
Indeed, a necessity.
But the "American way of life" consists of wasting oil.
To effect a drastic reduction in the waste of oil in the USA in the short term, we must summon to the USA the Nazarene in heaven who sits at the right hand of God to do, at least, a 1000 miracles which may convince some US citizens that the wasteful "American way of life" is unsustainable.
Good luck. If I can help, let me know.
In the short term, meanwhile, hundreds of millions of people will die from famine whose deaths will be completely ignored by the despicable capitalist press.
“Petroleum is today the main thing responsible for the ingovernance. Ever since it began to be exploited in 1856 petroleum was propulsive of humanity’s great advances and modernity we enjoy today, but that same irresponsible and irrational petroleum exploitation is the cause of our sleeplessness, our burdens, our crises and main motor of ingovernance today,” said Paredes in a statement."
Time to get a new Industry and Commerce minister!!!
I mean what kind of populist left-wing, anti-capitalist, anti-freedom crap was that?
Paredes. His point is this is making sound options impossible. True but the article will not create more options and will not soften the effects.
Frank discussion of the implications of the enormous oil costs coupled with tactful preparation for economic upheaval to prepare the public and project confidence that no matter what happens in the international stock markets, the nation will stand. Helpful suggestions for householders and businesses would further instill confidence. Unfortunately the article does the opposite.
This emission by him is a "smoke screen" to divert attention away from the real causes of the problems confronting the DR society. not an unusual tactic since it is used consistantly by all government Ministers.
A case in point is the most recent "raise" the Legislators have given themselves, doubling their take from the public coffers.
These Legislators claim to have "expenses" over and above those normally experienced and need the"raise" to accomodate those "expenses".
TB
0000
TB, you are passing the buck from the speculative elite of the rapacious US imperialists to hogtied Dominican managers for the unprecedented havoc caused by the manipulated rise in oil prices.
If the DR had ten times the resources it has, there is still no way to manage "effectively and efficiently" the pillage the speculative US imperialists are commiting. It's like mugging somebody with a gun and saying to him, as you run away his money "You ain't got no money in your pocket, because you don't manage efficiently."
A more extreme case of imperialist buck passing is unimaginable.
Poor countries are being beaten savagely into a imperialist debt trap for which the only payment is the transfer of their sovereignty to the vile imperialists.
Paredes says "This can't continue."
http://www.plenglish.com/article.asp?ID={5B385500-DE88-431E-B0FF-B97C0C32BEDC})&language=EN
0000
US executives don't know how to manage effectively and efficiently.
Father who's in heaven.
WHAT?
Do you know how to manage effectively and efficiently up there?
NOT WITH THESE OIL PRICES.
Why don't you do a miracle?
IT TAKES OIL TO DO MIRACLES.