[4buttons]

Continued- -

" President Obama lashed out at oil companies -- and the tax breaks they get from the government -- for a second day in a row on Thursday and again in Saturday's address.

' "Four billion dollars of your money are going to these companies at a time when they're making record profits and you're paying near record prices at the pump," the president said at a Nevada town hall. "It has to stop." ...'

[B]y hitting the oil companies over subsidies and sending the Justice Department on an investigation, Obama can try to mend fences with his allies.

It is easy to show that Obama's attack on the oil companies is baseless. "

-good links in the article, also.

[Paladin2]

"Spooked by the rising price of gasoline"

That's Racist.

[tsowellfan]

We wrote last night about Obama's attack on "speculators;" he has seen political advantage in going after America's oil companies, too

Well, then Obama's a bigger speculator than the speculators since a few weeks ago he made a speech warning of higher gas prices to come due to the crisis in Libya. (wish I could find the link - I remember it was posted here in FR)

Perhaps Obama himself talked the gas prices up.

[hosepipe]

When the currency is "DEvalued the prices go up... (OF EVERYTHING)..
duuuugh!..

[sickoflibs]

RE :”President Obama lashed out at oil companies — and the tax breaks they get from the government — for a second day in a row on Thursday and again in Saturday's address.
“Four billion dollars of your money are going to these companies at a time when they're making record profits and you're paying near record prices at the pump,” the president said at a Nevada town hall. “It has to stop.” ...
[B]y hitting the oil companies over subsidies and sending the Justice Department on an investigation, Obama can try to mend fences with his allies.”

Well Republicans? You never had it so easy. Are you going to let this easy win go to waste?

[crz]

Cant blame the speculators, they see that we are at the mercy of foreign oil in unstable countries and so they do what they do-speculate.

Cant blame the oil companies, they arent allowed to explore and drill in this country to relieve that speculation.

Cant blame the consumer, since they need that commodity to get to where they are going-gas use is at a low.

What should be blamed is the Federal Gubmint and the Federal reserve.

[boycott]

obama is going to have a tough time if he cannot carry Florida.

The economy in Florida depends a lot on tourism. With gas prices so high, a lot of folks aren’t traveling.

good luck, hussein. Well, not really, I won’t your azz removed from office in Jan. 2013.

[econjack]

The stupidity of Obobo simply amazes me. He has no clue about the economic forces at work here.

[AnotherUnixGeek]

Spooked by the rising price of gasoline, the Obama administration has responded in its usual fashion: not by trying to solve the problem, but by looking for someone to demonize.

Aside from the anti-capitalist fringe, no one's going to be impressed by this. If the price of gas doesn't stabilize, Obama's in a world of trouble.

[sjmjax]

Memo to Obama:

Want to find the reason for rising gas prices?

Don't need a commission, no studies, no "blue ribbon panels.

The answer is simple and cheap to discover....

Buy a mirror!