Clinton: Gas costs have been manipulated

United Press International ^ | May 4, 2008 | United Press International

[mdittmar]

U.S. Sen. Hillary Clinton, D-N.Y., Sunday blamed market manipulation as the likely cause of record high gas prices in the United States.

Appearing on ABC's "This Week With George Stephanopoulos," the Democratic presidential contender said if she is elected in November, she will immediately order an investigation into the industry.

"We know that there's market manipulation going on. So I would launch an investigation if I were president right now by the Department of Justice and the Federal Trade Commission," Clinton said.

The New York senator said any attempts to lower gas prices should require the participation of the Organization of Petroleum Exporting Countries.

"I would begin to go directly at OPEC," she said. "I think it's been 25 years where we've, you know, largely just been at the mercy of the OPEC countries."

Clinton said in addition to taking on OPEC members, she would confront oil companies about the rising cost of gasoline.

"You see, I really believe we've got to start right now demonstrating a willingness to take on these oil companies," she said in response to a "This Week" audience question.

[Dog Gone]

Right. You know people in the oil business. Maybe the guy selling the hot dogs inside the convenience store?

When you have put even 1/10th of the time on the E&P side of the business that I have, you wouldn’t be singing the same tune.

Here’s a hint: When you’re singing the same tune as the liberals about an industry you don’t understand, there’s a pretty darn good chance you’ve been played for a fool.

[itsahoot]

there’s a pretty darn good chance you’ve been played for a fool.

Yeah, and it is a coincidence that every gas station raises their price at exactly the same time. Just like deregulating Public Utilities lowered my electric bill.

Oil is a National Security Issue, not just a market issue.

The fool in this discussion is the one that thinks oil is a supply and demand issue only. Currently it is a weapon, made so by corrupt politicians.