I think he is onto something in that the move was intended to burst the speculation bubble. As hard as the Democrats were whining here about that, Sarkozy in France was crying three times as hard. And he was not getting much traction on calls for more regulation of speculators.
I also agree it is a move likely to fail.
Its a part of a coordinate plan to bleed America of energy.
He has EPA shutting down coal thereby shutting down a huge segment of electricity generation. Why doesn’t he send the EPA to China for the same move?
He has squashed the oil industry.
What can America do with rising energy costs? Now add on his increased taxes....
He is indenturing America to debt and hobbling its development.
Its a part of a coordinated plan to bleed America of energy.
He has EPA shutting down coal thereby shutting down a huge segment of electricity generation. Why doesn’t he send the EPA to China for the same move?
He has squashed the oil industry.
What can America do with rising energy costs? Now add on his increased taxes....
He is indenturing America to debt and hobbling its development.