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The President is speaking about his proposals to crack down on manipulation in the oil market....
Tuesday, April 17, 2012, 11:29 AM ET
The President is speaking about his
to crack down on manipulation in the oil market. Watch live
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does he think we will forget his war on fossil fuels; this guy is unbelievable; he contributes to high fuel prices and then purports to act as a savior; it was chu who gleefully promised to see american prices match those in europe. where, where is the media on these lies and distortions
17 Apr 2012, 11:32 AM
MM..You are spot on..You can read about these stories on HotAir.com..Did you catch the story about his executive order from this past Friday? It was included in the WH Friday afternoon document dump that the lame stream media chooses to ignore..and is further proof of your assertions about his war on fossil fuels..as the subject matter of the EO is a new commission which will regulate natural gas fracking..Read the story at HotAir.com..
17 Apr 2012, 11:42 AM
A war on fossil fuels? What planet are you living on? The U.S. produces more oil now than in 2003, and is producing more and more every day. We now import 45% of our oil as opposed to 57% in 2008 when Big Oil's best friend was in office.
Obama has voiced support for natural gas. If you want to blame somebody for the failure of the Natural Gas Act in the Senate, blame the 39 myopic Republicans who voted no and Big Oil, which stuffs their campaign coffers full of cash.
17 Apr 2012, 11:59 AM
So regulating hydraulic fracturing is the same as a war on fossil fuels? I guess testing car seats would be a war on babies in your book.
The oil and gas industry praised the EO for gathering the disparate regulatory bodies under one roof, which would simplify regulations and reduce the red tape.
17 Apr 2012, 12:05 PM
Reduce the red tape?..Right!!!..I must have missed all of the other oil and gas policies implemented by this admin that have reduced red tape..Sure..
By the way..Have you read the article that I was referencing or are you just guessing what the author says?
17 Apr 2012, 12:28 PM
Thanks for the site, Trader. Hard to understand why this Presidency has any credibility whatsoever. We remember his blocking the TPR pipeline, stalling Gulf drilling platforms, slow issuing of permits for domestic gas and oil, etc. Political lies are still lies, while the war on Capitalism continues. The Blame Game is still on parade.
17 Apr 2012, 01:57 PM
I'd suggest a great deal of further research rather than depending on political Talking Points. Always good to expand information before passing judgments.
17 Apr 2012, 02:00 PM
a 5 yr old could be more subtle; his teleprompter is stuck on blaming republicans and evil big oil companies (not the little ones)
17 Apr 2012, 11:46 AM
I completely agree with montanamark. Obama is a POLITICIAN not an ECONOMIST. He needs to let the professionals do there job and he needs to do his. And where is the media!
17 Apr 2012, 11:47 AM
No one can reasonably claim that the current price of oil lies anywhere near the intersection of supply and demand. Rex Tillerson, CEO of ExxonMobil and hardly a socialist, has said many times that the price of oil should be much lower and that the elevated price is due to speculation. Saudi Arabia, the largest oil exporter, has repeatedly voiced similar sentiments. Something should be done to curb oil speculation, which only benefits investment banks.
17 Apr 2012, 11:55 AM
more gov employee's.....more regulations.....more gov lawyers....
this should go well.
17 Apr 2012, 12:24 PM
> more gov lawyers....
Yes! And it's about time.
People whine that the government should enforce the rules already on the books, and they're right, but you can't expect the cops to catch more crooks when you lay off half the force and take all their equipment away -- all while arming the criminals.
More regulation isn't necessarily a good thing, as there is plenty there already, if it would actually be enforced and if perpetrators would actually be prosecuted (and convicted by judges who aren't in their pockets).
If you want reasonably sensible markets, you have to police them. And you can't just send in a poorly trained cop with a slingshot against an army armed with bazookas.
17 Apr 2012, 12:37 PM
into dark shadows
Crack down on Bernanke and his QE and that will solve the problem, its so simple, its almost stupid!
Right up Obama's alley!
But he would lose the class warfare card he plays the American people with so well!
Rebellion to tyrants is obedience to God
Any idea where and what the stands for? Ehhh Barry?
17 Apr 2012, 02:21 PM
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