Posted on 08/31/2005 6:45:35 PM PDT by kddid
NEW YORK - President Bush should act to prevent oil price gouging in the wake of Hurricane Katrina, Sen. Hillary Rodham Clinton said Wednesday.
"I would hope the administration uses the legislative tools at its disposal to make it very clear they're going to prevent any kind of price gouging and profiteering because of this disaster," said Clinton, D-N.Y. U.S. Department of Energy Secretary Samuel Bodman said Wednesday the administration would release oil from federal petroleum reserves to help refiners affected by the hurricane, which has devastated the Gulf Coast. The move is designed to give refineries a temporary supply of crude oil to replace interrupted shipments from tankers or offshore oil platforms affected by the storm.
Clinton said Bush should go further.
"I'd like to see a Federal Trade Commission investigation launched right now," she said. "I'd like to see the administration and the president use the bully pulpit right now. I'd like him to send a very clear message to the oil companies, the distributors and refiners that we're going to do everything we can to help them get back into and remain in business but in return we expect them to fulfill their citizenship responsibilities as well and not take advantage of this situation."
The production and distribution of oil and gas remained severely disrupted by the shutdown of a key oil import terminal off the coast of Louisiana and by the Gulf region's widespread loss of electricity, which is needed to power pipelines and refineries.
The emergency petroleum stockpile - nearly 700 million barrels of oil stored in underground salt caverns along the Texas and Louisiana Gulf Coast - was established to cushion oil markets during energy disruptions.
Clinton spoke at the New York chapter of the American Red Cross, where volunteers were taking calls from people affected by the disaster.
She makes me want to play a game of "whack a mole" soooo badly.
Huh, huh? You pathetic piece of garbage!!
Guess it wouldn't be a crisis without Hillary flapping her yap .
Yep, the wicked witch of the east just can't resist shooting her mouth off - she thinks she knows IT ALL!
He should start by calling for drilling in ANWR and building new refineries on the East and West coasts ...
What do you think of Cindy Sheehan's backers Ms. Cankles?
Fuel prices are done on a LIFO price basis. In other words, wholesalers, retailers etc. charge based on "replacement cost". Gouging without scarcity or colusion would result in the inability to sell product as gasoline is a commodity product.
Hillary.....tell your enviro-whacko friends that they are the root cause of most of our energy problems.
While they're at it, perhaps they can fix it so that the shrew wives of public figures can't claim to make $100,000 dollars off cattle futures when they are in fact being paid under the table.
How daring? How courageous? How predictable? The audacity to tell the President of the United States what to do! Gosh, I can't stomach this woman.
STFU
OK Hill,we went from $2.69 to $3.11 overnight.Start investigating.
The paragon of purity reads Bush the riot act.
According to Rush she was in Hawaii all March long.
Well she did it for 8 years...so this is out of habit.
The only things Bubba didn't listen to were...."no welfare reform" and "keep your pants on in the oval office".
"I'd like to see a Federal Trade Commission investigation launched right now,"
Yeah, that's it! That's what we need! Another worthless friggin' investigation!
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