Posted on 07/29/2009 10:52:41 AM PDT by Enigo54
http://www.foxnews.com/oreilly/index.html
(Excerpt) Read more at foxnews.com ...
BOR is not smart.
If you’re going to post into Breaking News, it helps to provide an inkling of what you’re talking about.
BOR bloviating yesterday is “Breaking News”?
Speculators do not dictate prices. They discover them.
Sorry, first time posting a news story, and I didnt see it anywhere, used the search and everything.
Speculators are not the problem. That is a red herring. Government is the problem!
Government will not drill for more oil. Government places an insane amount of restrictions on oil companies. Government allows the environmental nutcases to sue to prevent more drilling. Government has not made a new gas refinery in 30 years.
Besides, his arm in in a sling after breaking it patting himself on the back about this. Nauseating.
I like his show....BUT....his ego gets him in trouble and he never seems to realizes its effect.
He blames the current recession on oil speculation....and ignores the bank, real estate, Fannie Mae/Freddie Mac fiascos...
A nod is as good as a wink to a blind horse.
Bill O’Vilely is a closet environmentalist....
He always blames speculators....when the solution to high oil prices is drilling domestically. Increased US production will drive down prices more than whining about speculators
Always be leery of O’Vilely....this is the same guy who supposedly was tough on illegal aliens....then supported the McCain-Kennedy Amnesty bill. Fraud
Absolutely correct, SeeSharp.
And the proper response is more government regulation! [/sarcasm]
I’ve called BOR many names but ‘economist’ will never be one of them.
I see lots of people on FR who think the dollar is about to be worthless and are buying gold.
That’s called “speculation.”
Are they “the problem” too?
If you get your info from BOR, then you’d get more respect if you keep quiet and not let anyone know!
I don’t support BOR because all to often he shades the conversation (and thats putting it mildly) what interested me is that the WSJ had this as front page news, and I would like to see the report also.
Are we going to slap regs on sugar traders now?
Preposterous.
What BOR refuses to accept is we were done in by 2 elites. The DC/Beltway crowd who were trying to pursue a socialist agenda, and the Dems(Like those at the brokerage/underwriting houses) for money. The housing bubble created by relaxed underwriting mortgage stadards and pushed with the CRA, primarily by Clinton aloowed Fannie & Freddie to move beyond their traditional 205 down conventional loans, into big players, with exotic loans. They even dealt in the hated wall street derivatives and when,in 2005, legislation was developed to get them out of that market, not one dem voted for it, not even Mr. Regulation, BO. So when the bubble burst the derivatives, mostly credit default waps went south, ou friends in the elite s gave us TARP,with good old DEm and GOLDMAN chairman Paulson, bailing out AIG(which Goldman was heavily invested) letting competitor Lehman die and used our $$$$$ tolet his wallsteeet pals off and by getting the rescue $ didn’t come back to the pols and ask why they let fannie & freddie continue to provide that derivative fodder.. That BS was over 50% of the problem,. The rest were CRA and Angelo at Countrwide work. BOR can say what he wants, bur oil had zero to do with it.
If speculators and oil companies could drive up the price to $150 at will, why did they let it drop back down?
That’s exactly what they did. It ain’t the first time. It probably won’t be the last. IMHO, the interesting part was watching Karl Rove squirm in his seat. Yes, Mr. Goody Two Shoes Republican, this is what those businessmen your party is so enamored of, did to America.
In excess of 700 billion and what I have been saying, the trigger for the subprime mess.
http://en.wikipedia.org/wiki/Tulip_mania
parsy.
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