Obama Discovers 'Magic Bullet': Speculators,Takes Aim,

Discussion in 'Politics' started by bitterlyclingin, Mar 15, 2012.

  1. bitterlyclingin
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    bitterlyclingin Silver Member

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    [After stubbornly refusing to allow drilling in ANWR for years, shutting down all drilling in the Gulf following the BP Oil Spill, rejecting the Keystone XL Pipeline and sending Canadian Oil destined for the States to China instead, deflating the American currency to the point of worthlessness by years of reckless spending, the Democratic Messiah has suddenly discovered the cause of all of America's oil ills, speculators. The Democrats feel that now is the time to trot out that tried and true Socialist technique, the Show trial, in a manner that would have certainly left Uncle Joe Stalin, Nikita Kruschev, Lavrenti Beria, and Vassily Molotov proud.
    The first stop for the Holder Justice Department in implementing Obama's anti speculation oil price take down will be the oil trading pits at the Nymex, followed by repeated forays into the executive suites at Exxon Mobil, Shell, Conoco Phillips, and British Petroleum. In the event Justice finds something really, terribly egregious, ie a trader buying oil contracts at $100/barrel and selling the same contracts days or weeks later at $106/barrel and making a profit at it, Eric "The black lawyer and the black criminal have more in common together than the black lawyer has with the society he is sworn to represent" Holder may even arrange for a public hanging or two of the perps just to satisfy Mr Obama's adoring throngs, keeping those fanatic ladies having their orgasms and the men fainting at Obama's speeches satieted.
    The public hangings, complete with basket lunches and other refreshments available in the best "Tale Of Two Cities style, will come complete with their very own modern day Madame deFarges, knitting, although Cindy Sheehan will probably require a 10 mg Valium, po, with a possible 5mg IM haloperidol booster to keep her sitting there engaged simply with needles and yarn. Sandra Fluke, in her Madame DeFarge role, may be beyond hope of medicating to accomodate, the best recourse to finding her for a photo op will be to look for a pair of inverted sneaker bottoms attached to legs waving wildly thrust up into the air.]

    "Obama’s Solution To Soaring Gas Prices: “Set Up A Task Force To Look Into Speculation”…

    I’m kind of disappointed, I was hoping we’d get another czar.

    Via RCP:

    “I think the American people understand that we don’t have a silver bullet when it comes to gas prices. We’ve been talking about this for 30 years. The only way to stabilize gas prices is to reduce our dependency on fore oil and we just put out a report that over the last year or so, we’ve been able to reduce our dependence on foreign oil by a million barrels. That’s’ significant. In the meantime, cuz I know people are hurting right now and it feels like a tax out of their paychecks, what we’re doing is looking at every single area that can affect gas prices, from bottlenecks that are out there, we’ve set up a task force to look into speculation..."

    Weasel Zippers » Blog Archive » Obama’s Solution To Soaring Gas Prices: “Set Up A Task Force To Look Into Speculation”…
     
  2. bitterlyclingin
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    bitterlyclingin Silver Member

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    With a president that is as hated and reviled by the opposition as much as Obama is, using the phrase 'Magic Bullet', could definitley be considered a wrong choice of words.
    Obama does or says nothing without it having been rigorously and thouroughly thought out and considered in advance, no move or breath wasted. What was he thinking, then?
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    There have been numerous investigations over the years, and no culpability was discovered on any front.

    Regarding our dependency and its effect on prices:

    Assuming the world's supply and demand for crude were as it is today, and assuming that the U.S. was 100% self-sufficient regarding crude production... what would the price of oil be today?

    Exactly what it is.

    Increaseing domestic oil production isn't about driving down the world price of crude. It's about keeping our oil dollars at home, creating jobs and economic activity, and contributing to our GDP. Also it would reduce the trade deficit.
     
    Last edited: Mar 15, 2012
  4. Katzndogz
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    Katzndogz Diamond Member

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    He was thinking that this is the first inroad to ending private investment.
     
  5. Syphon
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    Syphon BANNED

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    so now Weasel Zippers is considered a viable news source??
     
  6. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    So Obama blames speculators. Is he ever going to take responsibility for any of his actions?
     
  7. Syphon
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    Syphon BANNED

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    the GOP blames speculators in part as well

    Soaring Oil Prices Put Focus on Speculators : NPR

    "We all know that some people on Wall Street are not above gaming the system," said Republican presidential candidate John McCain last week in Houston. "When you have enough speculators betting on the rising price of oil, that itself can cause oil prices to keep on rising."


    Greenspan Blames High Oil Prices on Speculation and Supply | NewsBusters.org
     
  8. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Ah..so it's okay when the GOP does it..not so much when the Democrats do it..

    Right?

    By the way..speculation is a big part of the problem.
     
  9. Katzndogz
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    Katzndogz Diamond Member

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    obama will blame anything where blame could do him the most good. If attacking speculators helps to destroy the petroleum industry it is all to his good. One more industry down.

    I hope it works. By the time election day rolls around, we should have a voting public driven over the edge by obama policies. Human nature is once a politician has gone too far, nothing is forgiven.
     
  10. Si modo
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    Si modo Diamond Member

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    Speculation is part of the free market. As speculation choices are made based on government POLICY and suspected ramifications of that policy on the market, the root of prices is still government policy.
     

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