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John Oliver’s Arcane Details of Boron-Group Metals Pricing Update - Aluminum Hoarding

Rezwan Razani - August 04, 2013

In which Goldman Sachs allegedly “bets on the future price of aluminum while simultaneously goosing the future price of aluminum,” and shows us how painless funding fusion research can be.





Per the piece, the Beer Institute estimates that this aluminum scam costs the American consumer ~3.6 Billion dollars each year. 

Aluminum Scandal Inspired Fundraising Idea

3.6 Billion dollars?!  If this is true, then we have another jaw-dropping factoid for the Billion Dollar Gram: An aluminum shell game played by the financial sector costs Americans 4 TIMES as much as fusion research every year.  And they say fusion is expensive

Pop open a can of beer and think about this.

OK.  I’m thinking, and…Tell Goldman Sachs not to stop the scam.  Keep those aluminum trucks driving in circles.  Just divert the funds into fusion and next gen nuclear energy research. 

Better yet - Beer Institute, make it voluntary.  Let’s pledge a cent off canned drinks to Fusion Research.

I’ll pop open another can to that.

More News on This Topic

Metal Market Mayhem:  Brewers Blast Banks.

WASHINGTON—A loose coalition of beer brewers, automakers, Boeing and Coca-Cola is accusing big banks, including Goldman Sachs and JPMorgan Chase, of anti-competitive behavior in the aluminum market, fueling regulatory concerns and prompting a Senate probe as part of an international political battle over Wall Street’s expansion into the commodities business.

 

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