Posted on 06/10/2008 5:53:48 AM PDT by Blue Turtle
WASHINGTON — With gasoline prices topping $4 a gallon, Senate Democrats want the government to grab some of the billions of dollars in profits being taken in by the major oil companies.
The Democrats' energy package also would:
— Make oil and gas price gouging a federal crime, with stiff penalties of up to $5 million during a presidentially declared energy emergency.
— Authorize the Justice Department to bring charges of price fixing against countries that belong to the OPEC oil cartel.
— Require traders to put up more collateral in the energy futures markets to curb speculation.
(Excerpt) Read more at foxnews.com ...
The Democrats solution to our high gas prices and energy issues is to punish our suppliers???? I am in the twilight zone....
Somebody needs to clean out the Senate with a flamethrower.....
Someone should name this bill accurately ... the 2008 Omnibus Perpetual Energy Shortage & Permanent High Prices Bill.
It won’t reduce oil prices 1 cent but it will make liberals feel good about themselves.
And how and the hell is that going to reduce prices? What a bunch of idiots we have in congress.
Is there any mystery left to why all the American oil companies are headed to Dubai and setting up shop?
Too funny for words.
Will Republicans have the spine to fight this and properly educate the media and the public? We shall see...
And this will make the price of a gallon of gas go down??
The shortages will follow, pi$$ing and moaning will begin.
But hey, don’t we feel good because we got back at them.
Democrat policy.
That will really increase our oil supply. What a bunch of morons.
Require traders to put up more collateral in the energy futures markets to curb speculation.
I do agree with this! The rest of the bill is just ignorant.
They just want to get their grubby hands on more of our (that's who actually pays it) tax money.
What about the gooberment gouging the tax payers on a daily basis? Can we get a law on that?:(
“Authorize the Justice Department to bring charges of price fixing against countries that belong to the OPEC oil cartel.”
Oil to $250 a barrel.
This is just the tip of this iceberg. Just think if Obambi gets in office and we have a democrat Congress.
Yep, that'll show 'em.
They’re determined to destroy the industry.
I think it’s their strategy to make things worse and convince the American public that the only way to make things better is to seize control.
You are not alone in the zone!
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