Posted on 04/21/2011 1:19:52 PM PDT by MissesBush
Watch O’Reilly jump on it tonight. He is BFF’s with obama and agrees with him on this.
Will they be investigating food price manipulation as well? It’s all about the devaluing of the dollar. Obama is just looking for another boogeyman.
Maybe if Congress and the Fed weren’t flooding the world with dollars, things wouldn’t be so high. Are prices high, or are dollars low?
Whoever would have thought that low supplies and rising demand would cause the price of oil to go up?
I don’t think there are enough ships in the world to store enough oil to make a difference. On the other hand keeping those ships from making round trips has probably caused shipping rates to rise which raises the cost by itself. Slight difference i know but still different.
What happens if they find their pals the Saudis or better yet our not pals the Iranians buying the heck out of the oil futures market? Whats he going to do then? Hold his breath till his lips turn purple?
The sad truth is he has absolutely no idea how markets work. About the only thing he knows how to do is point a finger. He’s the Finger Pointer In Chief.
bm
Demand in the US is actually down. Oil price is up because of double digit demand growth in China.
And in other news, OJ is still searching for the guy who killed Nicole...
Hussein, the beloved leader, appears to have already begun the investigation.
I believe the speculation that is going on is actually legal.
While I think that everyone who buys oil on the open market should be required to take possession...That is another matter.
Why the speculation has become so bad is that the Fed is creating money and using it ways such as buying the banks bad debt. The banks then take the money and invest it in commodities among other things. If we had allowed Goldman Sachs, And JPM, and the rest of them to go belly up. And if the fed had not engaged in criminal activity then oil would probably be $30.00 a barrow right now. The ability of congress to spend above it means would have been cut off. Also the Dollar would be good as gold. And after some Deserved hard times- Then we would be on our way back up to better times by now.
While Obama is involved for sure. Anyone who thinks that the economic problems are all that simple have their heads buried in the sand. And they a missing the forest through the trees. Our entire system has become corrupt from the ground up. If we don’t fix that then nothing else really matters.
Pitiful. Only a matter of time before they institute the “Anti Dog Eat Dog Rule” or the “Equalization of Opportunity Act” or “Directive 10-289”.
“Speculators wouldn’t make a dime off oil if they couldn’t bet”
Who says they should? They produce nothing; they just sit between the oil pump and the gas pump driving prices up.
And before you start slinging accusations around, think about this: what if there were a market and speculators in human organs for transplant?
Some things are just unconscionable.
The US attorney general?
That stupid dumbass affirmative action Holder?? LOL .what a freakin joke of a “lawyer”
Worst AG in history bar none. POS if there ever was one.
Speculation: Risking your money on your judgement of the future.
The crime? For democrats: having the money to risk.
These probes never ever amount to anything because "market manipulation" isn't the problem.
If Obama cared about gas prices he could do something about it right now by increasing oil supply. Congress could cut the gas tax. Permits could be issued for new refineries. I heard there's a pipeline that wants to be built between TX and NM. See it gets done.
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