Blame Oil Speculators, Not Obama, For Rising Oil Prices

[Lakhota]

GOP blames Obama for high gas prices - UPI.com

Santorum blames Obama for high gas prices - Election 2012 - The Washington Post

Presidential Hopefuls Blame Gas Prices On Obama : NPR

Rising Gas Prices Give G.O.P. Issue to Attack Obama - The New York Times

 

[KissMy]

Oil prices fell from $147 to $35 on July 14th 2008 when Bush opened up the OCS for drilling.

That chart tracks the economy's downturn.

Wrong - That oil price chart lead the economic downturn by 2 months.

 

[CrusaderFrank]

By Alex Seitz-Wald

But there’s little truth to claims that Obama has curbed U.S. oil production and driven up gas prices in the process. As NPR noted this morning, the number of drilling rigs in U.S. oil fields has quadrupled under Obama and domestic oil production hit an 8-year high in 2011. For the first time in 60 years, the U.S. is now a net fuel exporter.

Oil demand was actually down 4.6 percent last week over last year, while the supply of gasoline has actually increased slightly since a year ago. So why are gas prices so high? As McClatchy’s Kevin Hall explains today, there is a systemic problem: speculation.

Energy futures markets serve a legitimate role in helping producers (like oil companies) and big end users (like airlines) hedge against price volatility, but lately, they’ve been taken over by Wall Street speculators who never intend to actually use the fuel they’re betting on. As Hall reports:

Historically, financial speculators accounted for about 30 percent of oil trading in commodity markets, while producers and end users made up about 70 percent. Today it’s almost the reverse.

A McClatchy review of the latest Commitment of Traders report from the Commodity Futures Trading Commission, which regulates oil trading, shows that producers and merchants made up just 36 percent of all contracts traded in the week ending Feb. 14 while speculators who will never take delivery of the oil made up 64 percent.​

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

Once again, speculators behind sharply rising oil and gasoline prices | McClatchy

[ame=http://www.youtube.com/watch?v=tbzzeuYJteY]Pelosi talks about high gas prices - YouTube[/ame]

 

[WillowTree]

By Alex Seitz-Wald

But there’s little truth to claims that Obama has curbed U.S. oil production and driven up gas prices in the process. As NPR noted this morning, the number of drilling rigs in U.S. oil fields has quadrupled under Obama and domestic oil production hit an 8-year high in 2011. For the first time in 60 years, the U.S. is now a net fuel exporter.

Oil demand was actually down 4.6 percent last week over last year, while the supply of gasoline has actually increased slightly since a year ago. So why are gas prices so high? As McClatchy’s Kevin Hall explains today, there is a systemic problem: speculation.

Energy futures markets serve a legitimate role in helping producers (like oil companies) and big end users (like airlines) hedge against price volatility, but lately, they’ve been taken over by Wall Street speculators who never intend to actually use the fuel they’re betting on. As Hall reports:

Historically, financial speculators accounted for about 30 percent of oil trading in commodity markets, while producers and end users made up about 70 percent. Today it’s almost the reverse.

A McClatchy review of the latest Commitment of Traders report from the Commodity Futures Trading Commission, which regulates oil trading, shows that producers and merchants made up just 36 percent of all contracts traded in the week ending Feb. 14 while speculators who will never take delivery of the oil made up 64 percent.​

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

Once again, speculators behind sharply rising oil and gasoline prices | McClatchy

we'll do it just the way you fucktards did it with President Bush. How's that work for ya?

 

[Lakhota]

By Alex Seitz-Wald

But there’s little truth to claims that Obama has curbed U.S. oil production and driven up gas prices in the process. As NPR noted this morning, the number of drilling rigs in U.S. oil fields has quadrupled under Obama and domestic oil production hit an 8-year high in 2011. For the first time in 60 years, the U.S. is now a net fuel exporter.

Oil demand was actually down 4.6 percent last week over last year, while the supply of gasoline has actually increased slightly since a year ago. So why are gas prices so high? As McClatchy’s Kevin Hall explains today, there is a systemic problem: speculation.

Energy futures markets serve a legitimate role in helping producers (like oil companies) and big end users (like airlines) hedge against price volatility, but lately, they’ve been taken over by Wall Street speculators who never intend to actually use the fuel they’re betting on. As Hall reports:

Historically, financial speculators accounted for about 30 percent of oil trading in commodity markets, while producers and end users made up about 70 percent. Today it’s almost the reverse.

A McClatchy review of the latest Commitment of Traders report from the Commodity Futures Trading Commission, which regulates oil trading, shows that producers and merchants made up just 36 percent of all contracts traded in the week ending Feb. 14 while speculators who will never take delivery of the oil made up 64 percent.​

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

Once again, speculators behind sharply rising oil and gasoline prices | McClatchy

we'll do it just the way you fucktards did it with President Bush. How's that work for ya?

Obama didn't invade sovereign countries based on lies and misinformation - like both Bushes did. How's that work for ya?

 

[Trajan]

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?

why are natural gas prices down?

 

[Trajan]

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

Once again, speculators behind sharply rising oil and gasoline prices | McClatchy

we'll do it just the way you fucktards did it with President Bush. How's that work for ya?

Obama didn't invade sovereign countries based on lies and misinformation - like both Bushes did. How's that work for ya?

what does that have to do with the topic dipshit?

 

[Zander]

The OP is ridiculous...

 

[WillowTree]

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

Once again, speculators behind sharply rising oil and gasoline prices | McClatchy

we'll do it just the way you fucktards did it with President Bush. How's that work for ya?

Obama didn't invade sovereign countries based on lies and misinformation - like both Bushes did. How's that work for ya?

worked fine for me fucktard..

 

[WillowTree]

The OP is ridiculous...

consider the source!

 

[Trajan]

By Alex Seitz-Wald

But there’s little truth to claims that Obama has curbed U.S. oil production and driven up gas prices in the process. As NPR noted this morning, the number of drilling rigs in U.S. oil fields has quadrupled under Obama and domestic oil production hit an 8-year high in 2011. For the first time in 60 years, the U.S. is now a net fuel exporter.

Oil demand was actually down 4.6 percent last week over last year, while the supply of gasoline has actually increased slightly since a year ago. So why are gas prices so high? As McClatchy’s Kevin Hall explains today, there is a systemic problem: speculation.

Energy futures markets serve a legitimate role in helping producers (like oil companies) and big end users (like airlines) hedge against price volatility, but lately, they’ve been taken over by Wall Street speculators who never intend to actually use the fuel they’re betting on. As Hall reports:

Historically, financial speculators accounted for about 30 percent of oil trading in commodity markets, while producers and end users made up about 70 percent. Today it’s almost the reverse.

A McClatchy review of the latest Commitment of Traders report from the Commodity Futures Trading Commission, which regulates oil trading, shows that producers and merchants made up just 36 percent of all contracts traded in the week ending Feb. 14 while speculators who will never take delivery of the oil made up 64 percent.​

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

Once again, speculators behind sharply rising oil and gasoline prices | McClatchy

[ame=http://www.youtube.com/watch?v=tbzzeuYJteY]Pelosi talks about high gas prices - YouTube[/ame]

classic.......nice find.

 

[WillowTree]

we'll do it just the way you fucktards did it with President Bush. How's that work for ya?

Obama didn't invade sovereign countries based on lies and misinformation - like both Bushes did. How's that work for ya?

what does that have to do with the topic dipshit?

I think of her more as a "dip stick" personally. see how deep is da shit!

 

[Lakhota]

we'll do it just the way you fucktards did it with President Bush. How's that work for ya?

Obama didn't invade sovereign countries based on lies and misinformation - like both Bushes did. How's that work for ya?

what does that have to do with the topic dipshit?

Fuck you, Trajan. Did you have to take an IQ test to become a mod? I would guess not...

 

[Toro]

Oil prices fell from $147 to $35 on July 14th 2008 when Bush opened up the OCS for drilling.

That chart tracks the economy's downturn.

Wrong - That oil price chart lead the economic downturn by 2 months.

The peak in oil was in July 2008. The recession began in December 2007.

 

[Trajan]

Obama didn't invade sovereign countries based on lies and misinformation - like both Bushes did. How's that work for ya?

what does that have to do with the topic dipshit?

Fuck you, Trajan. Did you have to take an IQ test to become a mod? I would guess not...

no thx, I have a headache and good taste..


ahhhhh panties in a bunch

focus dummie, its your thread, go watch franks you tube harriet.

 

[WillowTree]

Obama didn't invade sovereign countries based on lies and misinformation - like both Bushes did. How's that work for ya?

what does that have to do with the topic dipshit?

Fuck you, Trajan. Did you have to take an IQ test to become a mod? I would guess not...

I hope ALL the mods pay attention to this bullshit. ALL of them.

 

[Toro]

Speculators are not the cause of rising oil prices. The causes are a strengthening economy and tensions in the Middle East.

A strengthening economy?

Yes. The economy is strengthening.

 

[Lakhota]

what does that have to do with the topic dipshit?

Fuck you, Trajan. Did you have to take an IQ test to become a mod? I would guess not...

ahhhhh panties in a bunch

focus dummie, its your thread, go watch franks you tube harriet.

No, I said "fuck you" with a smile on my face.

 

[Trajan]

Speculators are not the cause of rising oil prices. The causes are a strengthening economy and tensions in the Middle East.

A strengthening economy?

Yes. The economy is strengthening.

sure but out of the top 3 reason, thats last by a ways.

 

[WillowTree]

Fuck you, Trajan. Did you have to take an IQ test to become a mod? I would guess not...

ahhhhh panties in a bunch

focus dummie, its your thread, go watch franks you tube harriet.

No, I said "fuck you" with a smile on my face.

I'm bettin yer face closely resembles yer ass.