Oil higher on weaker dollar, stronger home starts

There are Americans in the Philippines proposing the possibility that the United States can cut off the oil supply currently marketed in the Philippines from the United States. What will the country of the Philippines do? It is a realistic scenario. The Barack Obama Administration has already used some of their oil reserves to try to prevent the American Economy from destroying itself. Hoarding the oil for its own usage of the country would only be normal in a “survival of the fittest” international marketplace during desperate times. After the last meltdown in America that caused the bailout of the auto industry, there was a report that the country of the Philippines had the oil reserves to economically survive for another ten years with some rationing and limited daily output. The talk here local was that the jeepney drivers and tricycle cab drivers could possibly use kerosene in their regular engines or a combination to increase supply. But what I like is a Go Electric Campaign. We have electric jeepneys and electric tricycle cabs in use currently. We manufacture the electric jeepneys and electric tricycle cabs, instead of importing the vehicles. Our entrepreneurs in local communities will buy the electric engines and batteries and design an exterior with aluminum and motorcycle wheels to make their own electric tricycle cabs, eventually. We have local mechanics that have worked on electric golf carts. By special orders, Motortrade Philippines can sell electric golf cart type vehicles just for within town driving and to barangays. The Noy Noy Administration can encourage farmers to start growing sugar cane to make ethanol for manmade electricity, to stockpile the fuel. Noy Noy can start a collection of rainwater campaign to have the water for steam to make electricity. I am not really worried. It might even be a better future.

Wall Street's rape of America just rolls on and on. Meanwhile the CFTC( i.e. the US Department of Treasury) was required BY LAW to set position limits on speculators by January 2011 -- and REFUSES to act. Surprise! CFTC Chairman Gary Gensler is a former partner of Goldman Sachs.

Meanwhile commodities profits have skyrocketed for Goldman Sachs, Morgan Stanley, J.P. Morgan Chase, Citigroup, Bank of America and Barclays increasing over 55% in 1Q2011. And commodities have suddenly become the fastest-growing segment of their fixed-income business. J.P. Morgan alone made over $750 million in 1Q -- well in excess of its target of $1.2 billion goal for 2011.

WHEN will the Department of Treasury be investigated for public corruption and obstruction of justice. WHEN will justice be served??? WHEN will the guilty go to prison?