Blame Oil Speculators, Not Obama, For Rising Oil Prices

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

  1. Lakhota
    Offline

    Lakhota Diamond Member

    Joined:
    Jul 14, 2011
    Messages:
    54,959
    Thanks Received:
    6,056
    Trophy Points:
    1,870
    Location:
    Native America
    Ratings:
    +23,727
    More: Blame Oil Speculators, Not Obama, For Rising Oil Prices | ThinkProgress

    Once again, speculators behind sharply rising oil and gasoline prices | McClatchy
     
    • Thank You! Thank You! x 1
  2. RetiredGySgt
    Online

    RetiredGySgt Diamond Member

    Joined:
    May 6, 2007
    Messages:
    41,412
    Thanks Received:
    6,443
    Trophy Points:
    1,840
    Location:
    North Carolina
    Ratings:
    +11,304
    You mean like you all blamed Bush when he was President and all?
     
  3. Lakhota
    Offline

    Lakhota Diamond Member

    Joined:
    Jul 14, 2011
    Messages:
    54,959
    Thanks Received:
    6,056
    Trophy Points:
    1,870
    Location:
    Native America
    Ratings:
    +23,727
    Who is "you all"?
     
  4. occupied
    Offline

    occupied Gold Member

    Joined:
    Nov 8, 2011
    Messages:
    17,600
    Thanks Received:
    2,411
    Trophy Points:
    280
    Ratings:
    +6,693
    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
    Offline

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    76,178
    Thanks Received:
    9,089
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +17,159
    Why would I blame speculators when Iran and the Saudi's are causing it?
     
  6. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    60,805
    Thanks Received:
    12,588
    Trophy Points:
    2,180
    Location:
    The Big Bend via Riderville
    Ratings:
    +38,935
    Speculators are not the cause of rising oil prices. The causes are a strengthening economy and tensions in the Middle East.
     
  7. Avatar4321
    Offline

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    76,178
    Thanks Received:
    9,089
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +17,159
    A strengthening economy?:cuckoo:
     
  8. Trajan
    Offline

    Trajan conscientia mille testes

    Joined:
    Jun 17, 2010
    Messages:
    29,048
    Thanks Received:
    4,754
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,763
    :lol::lol:that BS didn't float for boooosh so give it up.its the same for everyone harriet.
     
    • Thank You! Thank You! x 1
  9. NYcarbineer
    Online

    NYcarbineer Diamond Member

    Joined:
    Mar 10, 2009
    Messages:
    112,871
    Thanks Received:
    13,336
    Trophy Points:
    2,210
    Location:
    Finger Lakes, NY
    Ratings:
    +40,950
    Oil is up on Middle East tension, demand in China, and some refinery shutdowns.
     
  10. NYcarbineer
    Online

    NYcarbineer Diamond Member

    Joined:
    Mar 10, 2009
    Messages:
    112,871
    Thanks Received:
    13,336
    Trophy Points:
    2,210
    Location:
    Finger Lakes, NY
    Ratings:
    +40,950
    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?
     

Share This Page