http://www.naturalgas.org/overview/background.asp View attachment 12266 The stuff that people use to heat their homes, operate their stoves, and is used in some transportation and a great deal in producing electricity.
considering that oil speculation is not just a American thing what effect can he have. This is just tilting at windmills and a political ploy that only a dumb-ass lib would think will do anything
Lol boogieman really. Then why did one CEO say at the congressional hearings that speculation was 40% of the price of a gallon of gas. Oh right Fox News didnt report that. Plus Goldman Sachs http://www.cnn.com/2012/02/28/opinion/sanders-gas-speculation/index.html I would say Obama is trying to look out for customers while Republicans want business as usual. Then again if Obama cure cancer he would be bashed for trying to control doctors. So sad we have people in this country that whine about every thing this man tries to do.
The Frank/Dodd financial reform bill was supposed to regulate the speculation Obama blame the gas prices on. That "regulation" has done nothing but cost us more and more money. Another Democrat Regulatory failure.
maybe you can explain how regulating in America will effect a global market. Am I missing something here, or is this just a bunch of smoke and mirrors?
Yes they reported it and also the study that is only 15%, guess CNN didn't report that. But so what? What did we have before the futures market and "SPECULATION!!!!!!!!!!!!!!!!!!!!!!" Would you prefer to go back to it? Tell me do you really fall for these faux bogey men Obama has to create to scare you into voting for him?
None of the 3 liberals who have chimed in on this thread have the first clue regarding the oil speculation market. It is global; Obama can only influence domestic trading - and it will quickly move overseas (thus also eliminating TAX COLLECTION from the speculation as well - idiot). The speculation market moves based upon the fundamentals. Natural Gas, for instance, has just as many speculators. It, however, doesn't have the same core metrics as oil: it is bountiful, and it is, therefore, cheap. Obama needs to relax the EPA regulations on gas refining and production in this country, and increase drilling on public lands. He has not done that; he will not do that. In short, he is not the solution.
Obama also needs to end the ballooning Obama deficits that are driving inflation and making investors nervous. They are reacting to Obama's bad leadership by putting their money in commodities.
Wrong. Domestic oil production goes into the same pot as all international oil production does, and is equally reliant on international market forces to govern the price at the pump.
Yes, oil speculators are a bunch of smoke and mirrors. You nailed it. They jump and ask "how high?" when the GOP Oilboyz ask them to. Small wonder then that in an election year where Obama looks like the winner, oil prices suddenly begin to jump. Since our economy [the main hammer the GOP will use to try to defeat Obama> they've admitted this] is directly tied to the price of oil and gas, and since republicans historically have never seen a level too low to sink in destroying democratic inroads in the powerhold in this country, one can quite easily deduce that oil speculators raising the price of fuel without cause [can anyone say how convenient it is for Iran to threaten a strategic oil pathway in recent months?] is an act of GOP sabotage to the economy so that they can retake power in the Oval Office. Cutting to the chase we have a group of organized powerful men worldwide heavily invested in the HUGE profits from oil. They want to maintain those harems, those mansions, those ranches in Texas, Wyoming and all that wealth. So they have a gentlmen's club that decides who "gets angry and who" and when. And quite a lot of foreign tensions in the Middle East have been orchestrated over the years to keep everyone wearing turbins or bolo ties in the fat. The speculators are merely the "innocent mouthpieces" of that machine. And the machine has decided to destroy what's left of the economy to teach "the (*)(*)(*)(*)ed green-energy hippies/liberals [insert demonizing term here of the day]" a lesson and to "come to the rescue" when they retake the Whitehouse. ie: it's like the mafia telling voters that "the kneecap breaking will stop once you put us in power". If we regulate energy in utilities, we have a precedent to nip this little game in the mouth when it comes to speculators... Monopolies are fun and all but this particular one has raped everyone nearly to death and may go down in history as destroying the United States at a critical time in her history. Why Obama cannot sieze on the Bush/Cheney "national security" excuse [when this time it actually applies, instead of being a lie to Congress] is beyond me. That and no other thing will be why he fails to get re-elected: lack of testicles for lack of a more succinct reason.
We all realize that domestic oil goes into the same pot as the international so maybe you want to explain how this big brilliant idea of Obama's is going to do anything about the international price? Or is the emperor and his jesters just running around without clothes again
Speculators bet on the price going up and.... wait for it.... wait for it....... DOWN too!!!! This is so lame.
That little highlighted brick means that there is no reasoning you out of your position. There is no collusion, Silhouette: wouldn't you think that the attack machine that has destroyed whatever GOP figure it wished would have found it by now? That would be the people being hammered that will decide this... Please provide cites to evidence of this manipulation. Right now, it sounds like leftist tale-weaving to defend an indefensible position. That's quite the story. Have you provided cites for this fantastic tale? Have you given us any explanations for how the Obama Administration - which gains roughly 4 times per gallon of fuel sold what oil companies do - isn't involved in this collusion? Explain? There is no monopoly in the oil industry; that's why it's called an "industry". Fruit cup ramblings about massive collusion and corruption isn't going to cut it here - and this same collusion clearly had ramped up prices during Bush's term as well, which really puts a neat round little hole in the center of the forehead of this stupid story of yours.
The title of this thread should be "Obama mouths more useless platitudes". He will never act on a single thing. It would hurt his campaign donations.
If you want to know what a futures market looks like where speculation is banned, you need only look at onions. That's what the people here complaining about speculators want from oil - huge spikes in prices. That'll lead to higher gas costs as the petrol companies and stations try to stay ahead of the curve and not lose their shirt in the dips.
I'm just waiting for one of them to explain why they would want to go back to when there was no futures market for oil and let that control over prices control it once again.
Ah yes, another faceless enemy for Obama to castigate, blame, demean and slander to assure his base he's on their side while in the back room he diverts $8bil to cover his ass with the elderly before the election. This guy makes BJ Clinton look like a saint!
The purpose of this and all of its sister threads is to try to link Obama to the high prices of gasoline. Not even the republican sheep are fooled by that spin. It's spooked that herd. It's like watching the GOP struggle in quicksand thinking somehow they're going to come out of it OK if they just struggle in the right way at the right time. ..lol...we all know who runs the BigOil dog and pony show. Well, at least there's a hazy cloud clearing around some key figures anyway. And none of them even come close to resembling Obama..
