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Yes. The economy is strengthening.
So the economy took a sharp V recovery turn from down to up on the first trading day of 2012???
No.
Speculators do not make the conditions, they react to them. Simple as that. This is Obama's disaster and it is going to get worse.
He's trying to say he didn't say no to that pipeline.. he's out singing again.. poor old thing.
Please tell us how that "pipeline" would impact the "current" situation.
Blame Oil Speculators, Not Obama, For Rising Oil Prices
sooooo Obama is buddies with big oil???By Alex Seitz-Wald
But theres 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 McClatchys 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, theyve been taken over by Wall Street speculators who never intend to actually use the fuel theyre 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 its 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
Okay, fine, let's just park our brains and blame Obama for everything. There, that should work...
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?
Okay, fine, let's just park our brains and blame Obama for everything. There, that should work...
You Democrats are still blaming Bush...yawn..yawn..yawn...
Btw.. not just Obama, I wouldn't want to leave out Democrat leadership...their pathetic do nothings and whiners also..
By Alex Seitz-Wald
But theres 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 McClatchys 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, theyve been taken over by Wall Street speculators who never intend to actually use the fuel theyre 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 its 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
So the economy took a sharp V recovery turn from down to up on the first trading day of 2012???
No.
So then was that sudden sharp & continuous rise in the price of gas at the pump due to the expiration of the Ethanol Tax Cut or the closing of the OCS?
Okay, fine, let's just park our brains and blame Obama for everything. There, that should work...
You Democrats are still blaming Bush...yawn..yawn..yawn...
Btw.. not just Obama, I wouldn't want to leave out Democrat leadership...their pathetic do nothings and whiners also..
Yep, Bush was the arsonist. Obama is still trying to extinguish all his fires...
You Democrats are still blaming Bush...yawn..yawn..yawn...
Btw.. not just Obama, I wouldn't want to leave out Democrat leadership...their pathetic do nothings and whiners also..
Yep, Bush was the arsonist. Obama is still trying to extinguish all his fires...
Bush was doing fine until the Democrats took over Congress and waisted all their time investigating and undermining instead of working for the American people...
By Alex Seitz-Wald
But theres 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 McClatchys 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, theyve been taken over by Wall Street speculators who never intend to actually use the fuel theyre 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 its 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
Yep, Bush was the arsonist. Obama is still trying to extinguish all his fires...
Bush was doing fine until the Democrats took over Congress and waisted all their time investigating and undermining instead of working for the American people...
Can you please explain that a little further? Who did the investigating, what did they investigate, and why did they investigate? Pelosi said impeachment was off the table.
Speculators are not the cause of rising oil prices. The causes are a strengthening economy and tensions in the Middle East.
You Democrats are still blaming Bush...yawn..yawn..yawn...
Btw.. not just Obama, I wouldn't want to leave out Democrat leadership...their pathetic do nothings and whiners also..
Yep, Bush was the arsonist. Obama is still trying to extinguish all his fires...
Bush was doing fine until the Democrats took over Congress and waisted all their time investigating and undermining instead of working for the American people...
Speculators are not the cause of rising oil prices. The causes are a strengthening economy and tensions in the Middle East.
I do not believe the economy is strengthening at all.
You don't extinguish fires with numerous jerry cans of gasoline.Okay, fine, let's just park our brains and blame Obama for everything. There, that should work...
You Democrats are still blaming Bush...yawn..yawn..yawn...
Btw.. not just Obama, I wouldn't want to leave out Democrat leadership...their pathetic do nothings and whiners also..
Yep, Bush was the arsonist. Obama is still trying to extinguish all his fires...
Gas prices rose dramatically while George W. Bush was in the White House and the GOP controlled all three branches of government (after they complained that gas prices were too high under Clinton/Gore and promised to lower them), dropped significantly during the Bush/Cheney recession, and are now, because of the recovery, returning to the previous trend.
It would be helpful if some reporter would ask these Republicans spouting this nonsense what they were saying while gas prices went through the roof under President Arbusto and Vice President Halliburton. But theres also something absurd about Republicans demanding that the government do something about gas prices.
Wouldnt that be interfering with the free market?
