Blame Oil Speculators, Not Obama, For Rising Oil Prices

Discussion in 'Politics' started by Lakhota, Feb 22, 2012.

  1. Lakhota
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    Lakhota Diamond Member

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    More: Blame Oil Speculators, Not Obama, For Rising Oil Prices | ThinkProgress

    Once again, speculators behind sharply rising oil and gasoline prices | McClatchy
     
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  2. RetiredGySgt
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    RetiredGySgt Diamond Member

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    You mean like you all blamed Bush when he was President and all?
     
  3. Lakhota
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    Lakhota Diamond Member

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    Who is "you all"?
     
  4. occupied
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    occupied Gold Member

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    Under the Dodd Frank reform law the Commodity Futures Trading Commission was supposed to impose strict limits on the amount of oil that Wall Street speculators could trade in the energy futures market and they have not done it yet. Look for it's chairman to be replaced very soon.
     
  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Why would I blame speculators when Iran and the Saudi's are causing it?
     
  6. Toro
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    Toro Diamond Member

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    Speculators are not the cause of rising oil prices. The causes are a strengthening economy and tensions in the Middle East.
     
  7. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    A strengthening economy?:cuckoo:
     
  8. Trajan
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    Trajan conscientia mille testes

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    :lol::lol:that BS didn't float for boooosh so give it up.its the same for everyone harriet.
     
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  9. NYcarbineer
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    NYcarbineer Diamond Member

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    Oil is up on Middle East tension, demand in China, and some refinery shutdowns.
     
  10. NYcarbineer
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    NYcarbineer Diamond Member

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    Natural gas prices hit a 10 year low in January.

    Does Obama get credit for that, or is he only a factor when there's blame to distribute?
     

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