GOP News Flash: The real reason for soaring gas prices

Discussion in 'Politics' started by earthling01, Mar 17, 2012.

  1. earthling01
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    earthling01 Member

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    There has been a lot of blame for oil prices on President Obama lately.
    The GOP needs to emphasize this point in order to sway voters.

    But when we look at the facts, there are simply too many speculators profiting from soaring gas prices. In short, the massive oil corporations and Hedge Fund managers are the real culprits. Here is a document leaked from 2008:

    Energy holdings-wti-crude-oil

    There is a deliberate effort to inflate the already outrageous prices of refined crude. Rick Ungar of Forbes magazine (not a flaming liberal rag, mind you) explains that refineries have been systematically shutting down in order to reduce national supply and jack up prices. Moreover, we see oil producers looking to sell domestic oil in foreign markets in order to boost demand. Not that there is anything illegal about that, but it certainly isn't helping out the American consumers by artificially increasing demand and reducing supply when we need the stuff to get to work and to get the economy back on track.

    The Truth About Obama, Oil And The Gasoline Blame Game-Part Two - Forbes

    Congressman Peter Welch (D-VT) tells how apprx 50 cents on each gallon of gasoline purchased goes to speculators rather than to refinement and production costs. That's about $15 going to Banking industry like Goldman Sachs every time you fill your tank!

    After rumors send oil prices falling, Welch renews call on President to tap nation's oil reserves

    Nevertheless, the GOP is still calling for less govt regulation in banking and oil industries. In spite of the evidence to the contrary, some of us continue to blame Obama for the lack of and real conviction to control rising prices.

    If anything, this sets the stage for MORE govt regulation, not less. Unless, of course, everyone is happy with gas prices where they are currently.

    Yep, this is free market Capitalism at its best. And you can sure as hell expect more of this if the GOP (aka "Frontmen for the Oil Industry") ever take back the White House.
     
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  2. Truthmatters
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    the right doesnt care about facts
     
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  3. francoHFW
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    francoHFW Platinum Member

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    All the RW war mongering in Israel and the US doesn't help either. Still no evidence Iran has actually decided to build a bomb, and this BS only helps IRAN'S RWers portray us as the great Satan, add to uncertainty, drives up prices.
    And hurts chances for a diplomatic and sanctions solution.
     
    Last edited: Mar 17, 2012
  4. Truthmatters
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    remember all the cheering for Bomb Bomb Bomb Iran?
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    That's not what Obama said in 2008

    [ame=http://www.youtube.com/watch?v=mzj4GyeBaTY]Barack Obama 2008 Ad About High Gas Prices - YouTube[/ame]

    [ame=http://www.youtube.com/watch?v=Ka_tjPLJwVI]Barack Obama 2008 ad on Gas Prices - YouTube[/ame]

    That's Obama, right?
     
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  6. francoHFW
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    francoHFW Platinum Member

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    syracuse basketball, wiki
     
  7. snakedoc
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    snakedoc BANNED

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    The national average for a gallon of gas when Obama was sworn in around $1.85 a gallon Today close to $ 4.00 dollars a gallon in a few places it is $ 4.00 dollars a gallon. This happened with the Democrats controlling the presidency and both houses of congress two thirds of which they still control.These are facts here is another one having low gas prices really gets in the way when one is trying to push a green energy agenda.
     
  8. code1211
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    code1211 Senior Member

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    2008? isn't that when the Democrats were blaming Booooosh and Cheney and Halliburton for higher gasoline prices? You remember, when the price was $1.87/gallon.

    Speculators make bets on whether or not the price of any commodity will go up or down. The price of Gas is based largely on geo political forces and right now the Iranians are threatening to close the Straight of Hormuz effectively cutting back the work's supply of oil by about 1/5.

    The mere threat of a shortage has caused the price to rise by about .50/gallon. A real shortage would cause a spike unlike anything ever seen. Of course this is the wet dream of the Big 0's administration.

    You know what else? If Americans go to the pumps and there is no gas, they will demand that we get gas and they will not care what has to happen to get it.
     
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  9. WillowTree
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    WillowTree Diamond Member

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    The left absolutely Hammered President Bush about high gas prices.. Karma now biting you hypocrites in the ass innit?


    fucking funny as hell.
     
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  10. NYcarbineer
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    NYcarbineer Diamond Member

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    Bush started a war in the Middle East.
     

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