Just an announcement that we are massively ramping up oil and gas exploration would cause prices to drop.
And Commie Energy Czar Stephen Chu.
We cannot afford the price of 4 more years of Obama.
Obama LIES!
At least that's what the media told us for years. Venal George Bush and his oil industry buddies spent teir time cooking up various ways to raise gas and oil prices to steal money from poor people.
Now that Obama is president the media has decided that a president really can do nothing to affect gasoline prices.
Poor Obama - he is is just a helpless sack of wimpy guts being blown this way and that by the winds of chance.
Sort of like a new millennium half-black Jimmy Carter.
They make 1-3¢/gal, while the criminal, corrupt, GREEDY FED/STATE GOVTs (combined) make well-over 50¢/gal, for doing absolutely NOTHING, except hampering exploration and burdening everyone with costly regulations and useless, costly blends. The "greedy oil companies" take all the risk.
Drop the taxes, and immediately LOWER PRICES.
Refute that, Obummer, in your 7-ton prez/3mpg limo.
FUBO!
Speculators buy in the hopes that prices will rise. Therefore, stick it to them by increasing the supply of oil; the price drops, the speculators lose money, the price of gasoline drops, everyone is happy (except for the "evil speculators", of course).
Step 1: Walk up to a microphone, and declare we will exploit all of our resources - drill in Utah and Colorado, Frack as much as possible, off the coast of Florida and Alabama, 30 day turnaround on deepwater permits in the gulf.
Step 2: Watch oil prices tumble.
People who say that speculation isn’t a problem are simply deluding themselves. As of today, speculators do not have to take delivery of oil. They can control oil with a token amount as the margin - a year ago, it was 6%. The margin on stocks is 50%.
The CFTC found that 70% of the demand for oil was actually speculators - people who have no intent to actually use or even possess the oil. This is why demand is low, inventory is high, and yet prices remain sky high. Speculators can gamble on the price with very little risk. Back in 2008 when the price spiked, speculators were controlling more than 80% of the market.
Speculators do not participate in a free market. It would be a lie to say that the market is free because a true free market is dictated by supply and demand. It would be one thing if they were simply statistically gambling on the price of oil. It’s another thing entirely when they actually affect the price of the real commodity.
...and his goal has been achieved with more pain at the pump on the way thanks to his anti-energy policies.
I recommend that a grassroots movement takes fire. Simply print copies of that graph, obtain some double-sided tape and stick it on the gas pumps you visit. If you see any in Tarrant County, Texas, it's part of my educational campaign to inform motorists about who to blame come November 2012.
We got 40 million people who drive to work, sit at a computer and use a telephone all day, and then drive home.
We have the technology which would allow them to do this at home...Saving billions of gallons of fuel, eliminating most traffic etc...
You’d think the government would give incentives to these employers to do this?
No way...It’s just too damn easy.