WalRus49
Champion Author
Boston
Posts:4,070
Points:867,890
Joined:Nov 2010
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Message Posted: Mar 6, 2012 7:16:09 AM
More organized mayhem and pillage.............
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the1roadhog
Champion Author
Atlanta
Posts:9,908
Points:2,054,930
Joined:Jun 2007
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Message Posted: Mar 6, 2012 7:08:53 AM
All the politicians are trying to get their oar in the 'we care for consumers' waters.
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FPLREP
Champion Author
Virginia
Posts:8,256
Points:2,447,275
Joined:Oct 2005
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Message Posted: Mar 6, 2012 6:55:18 AM
Election year spin! Where were they in the years past? Now that there is anelection that has consequences they have to APPEAR to be doing something.
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dr047
Champion Author
Cleveland
Posts:2,587
Points:516,470
Joined:Aug 2010
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Message Posted: Mar 6, 2012 5:31:01 AM
The party of "NO" (republicans) and Big Oil lobbyists will see that this Never happens.
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Mark8601
All-Star Author
Bakersfield
Posts:913
Points:379,365
Joined:Dec 2011
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Message Posted: Mar 6, 2012 3:49:33 AM
Only 70? Man all of them should be on this bandwagon!
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wendy1john32
Champion Author
Los Angeles
Posts:1,757
Points:1,054,620
Joined:Jul 2009
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Message Posted: Mar 6, 2012 3:04:36 AM
It would be to our advantage if oil speculation could be controlled but I am sure the Feds would do more harm than good.
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alterman156
Champion Author
New York
Posts:7,480
Points:1,556,550
Joined:Dec 2008
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Message Posted: Mar 6, 2012 12:29:47 AM
Oil speculation should be stopped altogether.
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northeast2
Champion Author
New York
Posts:3,849
Points:1,007,200
Joined:Mar 2008
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Message Posted: Mar 5, 2012 10:29:09 PM
Congress has the power to halt it immediately. The president doesn't originate or pass laws: Congress does. Require speculators to take delivery of the underlying commodity.
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bullman68
All-Star Author
St. Louis
Posts:599
Points:366,285
Joined:May 2011
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Message Posted: Mar 5, 2012 10:00:42 PM
Smoke and mirrors. VETO vote every tyrant out.
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eomc17
Champion Author
Tucson
Posts:1,822
Points:134,145
Joined:Mar 2007
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Message Posted: Mar 5, 2012 9:55:06 PM
VomVom, you took the words out of my mouth. Good job. However Barack Obama and Daniel Chu have no interest in lowering oil and gas prices and need to be voted OUT of office.
Spread the word. I am using almost every post to expose Obama as a heartless cad who is completely out of touch with the reality of the suffering of the American people. I am NOT voting for him again.
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VomVom
Champion Author
Calgary
Posts:3,857
Points:1,627,080
Joined:May 2007
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Message Posted: Mar 5, 2012 9:34:44 PM
Regulating the speculators is one thing that President Obama could have and should have done a long time ago. After 3 years in office, he has done nothing. Now with the election coming up fast, he is fast talking about high gas prices.
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esq262
Champion Author
Asheville
Posts:2,892
Points:647,290
Joined:Jul 2011
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Message Posted: Mar 5, 2012 8:57:40 PM
Please. Do something good for once.
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Meowmy
Champion Author
Florida
Posts:1,293
Points:348,105
Joined:Jan 2011
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Message Posted: Mar 5, 2012 8:48:14 PM
That plus: cap prices, take oil and gas off the futures market, stop buying OUR oil and gas at world market prices and switch to algae-based bio-fuels.
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Wanda127
Champion Author
Florida
Posts:2,494
Points:914,030
Joined:May 2010
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Message Posted: Mar 5, 2012 8:44:09 PM
Speculators need to go!
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mwc407
Champion Author
North Carolina
Posts:1,095
Points:556,735
Joined:Jan 2011
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Message Posted: Mar 5, 2012 8:41:59 PM
Maybe the timing is perfect for there to be a real push to reign in all of the speculation that is affecting gas prices
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ziyulu
Champion Author
Oklahoma City
Posts:8,490
Points:1,601,395
Joined:Aug 2007
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Message Posted: Mar 5, 2012 8:36:29 PM
I thought it was 68 members of Congress. Where did the other two come from? Out of nowhere?
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davenles
Champion Author
Texas
Posts:3,191
Points:716,935
Joined:May 2011
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Message Posted: Mar 5, 2012 8:13:36 PM
Amazing how fast they jump when they think votes are on the line.
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TomT2Lee
Champion Author
Cincinnati
Posts:5,352
Points:1,596,255
Joined:Sep 2005
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Message Posted: Mar 5, 2012 7:44:38 PM
The speculation chanting is 100% misdirection. Speculation has been going on as far back in history as can be found. It is a healthy aspect of steering a free market. What caused the problem and continues to is the untenable US government debt and the Federal Reserve destruction of the US dollar. The last thing we needs is profession politicians (criminals) enacting more laws.
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Pete12
Champion Author
Albany
Posts:4,871
Points:1,643,240
Joined:Nov 2005
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Message Posted: Mar 5, 2012 7:27:55 PM
Boy, do I ever agree with this.
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AlgaeNOW
Champion Author
Wyoming
Posts:1,012
Points:312,030
Joined:Sep 2005
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Message Posted: Mar 5, 2012 7:26:49 PM
Eliminate speculation...!!!
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PDQBlues
Champion Author
San Diego
Posts:7,064
Points:1,446,375
Joined:Jan 2009
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Message Posted: Mar 5, 2012 7:23:59 PM
drpepperTX: They should write to Barry O'Blame-a and tell him to quit printing money. Oh wait, they are the beneficiaries of the money printing! LOL.
Perhaps you don't understand that the president does not print money, nor can he even authorize it. That falls under the jurisdiction of the Treasurer. And he will print money to pay the bills that Congress passed, such as bank bailouts and unfunded wars.
I applaud lawmakers to (finally) putting a halt to this ridiculous oil speculation.
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KAR120CSII
Champion Author
Oregon
Posts:3,172
Points:619,620
Joined:Apr 2010
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Message Posted: Mar 5, 2012 7:03:30 PM
What do Congressional Democrats (and a Socialist) know that Republicans don't? Go Bernie.
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buckets42
Champion Author
New Jersey
Posts:1,690
Points:329,550
Joined:Oct 2011
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Message Posted: Mar 5, 2012 6:28:17 PM
People must not like Obama then.
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Caduceus26
Champion Author
Jacksonville
Posts:3,891
Points:760,660
Joined:May 2009
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Message Posted: Mar 5, 2012 6:23:55 PM
Why isn't this story in the top five vote getters on GB? Guess because it isn't as interesting as "Obama-bashing" over the price of gasoline.
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bandannaman
Champion Author
New Jersey
Posts:1,849
Points:365,610
Joined:Dec 2010
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Message Posted: Mar 5, 2012 6:19:10 PM
Good.
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dsaine
Champion Author
North Carolina
Posts:2,992
Points:631,520
Joined:May 2011
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Message Posted: Mar 5, 2012 6:03:47 PM
Finally
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Track79
All-Star Author
Maine
Posts:802
Points:600,015
Joined:Mar 2010
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Message Posted: Mar 5, 2012 5:27:27 PM
Good move Bernie
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Rehorsehay
All-Star Author
California
Posts:871
Points:45,925
Joined:Feb 2012
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Message Posted: Mar 5, 2012 5:07:26 PM
Its about time the congress did something!
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johnnyg1200
Champion Author
St. Louis
Posts:4,143
Points:643,410
Joined:May 2011
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Message Posted: Mar 5, 2012 4:41:21 PM
End speculation NOW….
By the way this should be on the front page.
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BurntOrange
Champion Author
Austin
Posts:8,722
Points:1,582,040
Joined:Nov 2007
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Message Posted: Mar 5, 2012 4:10:13 PM
Congress - Team of Action!!!!
Congressman #1: "I hear those that elected us, crying out in pain over high gas prices. What can we do to help?"
Congressman #2: "Let's write a letter. That always helps".
Congressman #1: "Top-notch idea. Let me pull out my pen, my paper, and get to work."
Chorus of 68 other members of Congress: "When you are done, please let us sign it too".
Congressman #1: "Don't forget to send an advance copy to the LA Times, so the electorate will know that we are men-of-action!!!
Congressman #2 "Right you are. I'll have my page run off a Xerox".
Who says this is a do-nothing congress?
[Edited by: BurntOrange at 3/5/2012 5:11:17 PM EST]
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drpepperTX
Champion Author
Texas
Posts:8,939
Points:751,985
Joined:Apr 2011
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Message Posted: Mar 5, 2012 4:09:16 PM
"The House and Senate lawmakers -- ALL DEMOCRATS-- wrote to the Commodity Futures Trading Commission to urge the agency to immediately put in place limits on traders in crude oil markets and take whatever steps necessary to rein in prices at the pump."
==========================================================
They should write to Barry O'Blame-a and tell him to quit printing money.
Oh wait, they are the beneficiaries of the money printing! LOL.
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Point__man
Champion Author
Raleigh
Posts:4,330
Points:876,720
Joined:Oct 2010
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Message Posted: Mar 5, 2012 4:03:19 PM
The following is from Sen. Bernie Sanders web site (the link to the letter did not make it here; go to his web site to read it: http://www.sanders.senate.gov/imo/media/doc/030512-CFTCSignedLetter.pdf ):
Sen. Bernie Sanders and 69 other members of Congress say federal regulators should curb speculation in crude oil markets which has artificially pushed up gasoline prices to nearly $4 a gallon. The lawmakers - 23 senators and 47 members of the House - said Monday in a letter to the Commodity Futures Trading Commission that the regulators must stop Wall Street futures traders from dominating the oil market. The commission has flouted a provision in the 2010 Wall Street reform law that required regulators to put tough new trading limits in place by Jan. 17, 2011. "We are disappointed that, more than a year later, the commission has not fulfilled this important regulatory duty," the letter said.
"It is one of your primary duties - indeed, perhaps your most important - to ensure that the prices Americans pay for gasoline and heating oil are fair, and that the markets ... operate free from fraud, abuse, and manipulation," the lawmakers added.
They stressed that gasoline pump prices are up despite high supplies and low demand. According to the Energy Information Administration, the supply of oil and gasoline is greater today than it was three years ago, when the national average price for a gallon of gasoline was just $1.90. Today, the national average is more than $3.70 a gallon at a time when the demand for oil in the U.S. is at its lowest level since April of 1997.
There is a growing consensus that speculators are to blame. Exxon Mobil, the Saudi Arabian government, the American Trucking Association, Delta Airlines, the Petroleum Marketers Association of America and the Federal Reserve Bank of St. Louis all say excessive oil speculation significantly increases oil and gasoline prices. Citing a recent report from the investment bank Goldman Sachs, a Feb. 27, 2012, article in Forbes said excessive oil speculation adds $.56 to the price of a gallon of gas.
"As the cost for American people to fill their gas tanks continues to skyrocket, the CFTC continues to drag its feet on imposing strict speculation limits to eliminate, prevent, or diminish excessive oil speculation," the members of Congress told the commissioners.
"We urge you to take immediate action to impose strong and meaningful position limits, and to utilize all authorities available to you to make sure that the price of oil and gasoline reflects the fundamentals of supply and demand."
To read the letter, click here.
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db60
All-Star Author
Indiana
Posts:982
Points:211,255
Joined:Oct 2011
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Message Posted: Mar 5, 2012 3:36:52 PM
Good!!
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PathfinderSC
Champion Author
South Carolina
Posts:9,511
Points:1,829,665
Joined:Mar 2008
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Message Posted: Mar 5, 2012 3:31:59 PM
Getting close to Nov, They will say anything now.
It won't happen, It is holding up wall street
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kress999
Sophomore Author
Alabama
Posts:218
Points:367,525
Joined:May 2011
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Message Posted: Mar 5, 2012 3:29:25 PM
bought time but they will fold when the donations come into their campaign war chests
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humblepie
Champion Author
Toledo
Posts:34,154
Points:2,370,395
Joined:Mar 2006
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Message Posted: Mar 5, 2012 3:27:48 PM
campaign contributions will win out,
we the people are screwed again...omg 2012
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Hilsgal
Veteran Author
Utah
Posts:322
Points:558,150
Joined:Oct 2006
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Message Posted: Mar 5, 2012 3:26:51 PM
good idea
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