White House Wants to Keep Gas Prices High

[ScreamingEagle]

With the national average of gas prices hitting $3.65 a gallon, nearing $6 in some parts of the country, and poised to head even higher, America’s families are wondering when the bleeding at the pump will stop. But for Secretary of Energy Stephen Chu, those steep prices aren’t even a concern. In fact, he says his goal is not to get the price of gasoline to go down.

Chu delivered those stunning remarks in testimony before Congress yesterday. When Rep. Alan Nunnelee (R-Miss.) asked Chu whether it’s his “overall goal to get our price” of gasoline lower, Chu said, “No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy.”

Secretary Chu Says His Goal Is Not to Lower Gas Prices

 

[The Infidel]

[ame=http://www.youtube.com/watch?v=Mpqt8g6YA5Q]2008-MAY Obama "Can't Drive SUV's and Keep Our Home at 72 Degrees - YouTube[/ame]

 

[Old Rocks]

Doesn't matter what Secretary Chu wants. He does not determine the price of gasoline. The world market and the energy corps decide that. So even as we see the price of gasoline skyrocketing here, we are exporting gasoline and diesel by the tanker load. No lack of oil. No lack of refinery capacity. And the vey wealthy are getting even wealthier.

 

[Soggy in NOLA]

With the national average of gas prices hitting $3.65 a gallon, nearing $6 in some parts of the country, and poised to head even higher, America’s families are wondering when the bleeding at the pump will stop. But for Secretary of Energy Stephen Chu, those steep prices aren’t even a concern. In fact, he says his goal is not to get the price of gasoline to go down.

Chu delivered those stunning remarks in testimony before Congress yesterday. When Rep. Alan Nunnelee (R-Miss.) asked Chu whether it’s his “overall goal to get our price” of gasoline lower, Chu said, “No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy.”

Secretary Chu Says His Goal Is Not to Lower Gas Prices

Obama publically stated that he wants high gas prices.

 

[Old Rocks]

Gas, other fuels are top U.S. export

In a first, gas and other fuels are top U.S. export
Updated 12/31/2011 2:18 AM
NEW YORK (AP) – For the first time, the top export of the United States, the world's biggest gas guzzler, is — wait for it — fuel.

By David J. Phillip, AP
In this Nov. 10, 2010 file photo, oil refineries are shown in this aerial view, in Deer Park, Texas. For the first time, the top export of the United States is fuel.
By David J. Phillip, AP
In this Nov. 10, 2010 file photo, oil refineries are shown in this aerial view, in Deer Park, Texas. For the first time, the top export of the United States is fuel.

Measured in dollars, the nation is on pace this year to ship more gasoline, diesel, and jet fuel than any other single export, according to U.S. Census data going back to 1990. It will also be the first year in more than 60 that America has been a net exporter of these fuels.

Just how big of a shift is this? A decade ago, fuel wasn't even among the top 25 exports. And for the last five years, America's top export was aircraft.

 

[RDD_1210]

With the national average of gas prices hitting $3.65 a gallon, nearing $6 in some parts of the country, and poised to head even higher, America’s families are wondering when the bleeding at the pump will stop. But for Secretary of Energy Stephen Chu, those steep prices aren’t even a concern. In fact, he says his goal is not to get the price of gasoline to go down.

Chu delivered those stunning remarks in testimony before Congress yesterday. When Rep. Alan Nunnelee (R-Miss.) asked Chu whether it’s his “overall goal to get our price” of gasoline lower, Chu said, “No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy.”

Secretary Chu Says His Goal Is Not to Lower Gas Prices

Obama publically stated that he wants high gas prices.

A logical person would have posted evidence to support such a statement, but then again that's someone who uses logic.

 

[The Infidel]

With the national average of gas prices hitting $3.65 a gallon, nearing $6 in some parts of the country, and poised to head even higher, America’s families are wondering when the bleeding at the pump will stop. But for Secretary of Energy Stephen Chu, those steep prices aren’t even a concern. In fact, he says his goal is not to get the price of gasoline to go down.

Chu delivered those stunning remarks in testimony before Congress yesterday. When Rep. Alan Nunnelee (R-Miss.) asked Chu whether it’s his “overall goal to get our price” of gasoline lower, Chu said, “No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy.”

Secretary Chu Says His Goal Is Not to Lower Gas Prices

Obama publically stated that he wants high gas prices.

A logical person would have posted evidence to support such a statement, but then again that's someone who uses logic.

[ame=http://www.youtube.com/watch?v=Mpqt8g6YA5Q]2008-MAY Obama "Can't Drive SUV's and Keep Our Home at 72 Degrees - YouTube[/ame]

 

[Dont Taz Me Bro]

A logical person would have posted evidence to support such a statement, but then again that's someone who uses logic.

[ame=http://www.youtube.com/watch?v=5M1WlV7vafk]Obama Wanted High Gas Prices...Gradually (2008 Election Campaign) - YouTube[/ame]

[ame=http://www.youtube.com/watch?v=eRuXrbjlrRg&feature=related]Obama admits his intentions are to skyrocket oil prices - YouTube[/ame]

 

[Claudette]

Bingo.

Its all about his green bs.

 

[Skull Pilot]

Doesn't matter what Secretary Chu wants. He does not determine the price of gasoline. The world market and the energy corps decide that. So even as we see the price of gasoline skyrocketing here, we are exporting gasoline and diesel by the tanker load. No lack of oil. No lack of refinery capacity. And the vey wealthy are getting even wealthier.

The current cost of oil has nothing to do with market forces and everything to do with the falling dollar and the government wants the dollar to keep falling; after all what better way to pay off trillions in obligations than with highly inflated worthless currency?

 

[Lonestar_logic]

Doesn't matter what Secretary Chu wants. He does not determine the price of gasoline. The world market and the energy corps decide that. So even as we see the price of gasoline skyrocketing here, we are exporting gasoline and diesel by the tanker load. No lack of oil. No lack of refinery capacity. And the vey wealthy are getting even wealthier.

We import more oil than we export oil products.

 

[ScreamingEagle]

[ame=http://www.youtube.com/watch?v=tID371diJu0]Mitch Daniels: Gas prices an Obama success - YouTube[/ame]

 

[Dont Taz Me Bro]

[The current cost of oil has nothing to do with market forces and everything to do with the falling dollar

Yep, that's a big part of it too and it's not just inflating the price of gasoline, but just about everything else too.

 

[uscitizen]

Of course the WH wants to keep gas prices high.
Help their arab and big oil buddies err contributors out.
And it gives the economic numbers a false rosy tinge.

Bush liked the oil prices high too.

 

[RDD_1210]

Still waiting for where Obama says he wants to keep gas prices high.

 

[Decepticon]

This is deliciously RICH.
ONCE AGAIN we have CONZ, completely CLUELESS as to what their own party has been up to and coming on here and spewing their UNSUBSTANTIATED OPINION as if it mattered more than a puddle of warm spit.



First, Thanks to Phil "Foreclosure" Gramm, and the Commodities and Futures Modernization act, speculators are allowed much greater freedom in our markets.

Not that long ago, commercial traders made up about 70 percent of commodity market activity and speculators the remaining 30 percent. For decades, this worked pretty well, serving the commercial participants and keeping prices fairly stable. Prices largely reflected fundamental factors of supply and demand.

But that ratio has flipped in the past few years. Now, speculators are about 70 percent of activity in many commodity markets and commercial hedgers only about 30 percent. This coincided with investment banks creating and selling commodity index funds. These products have poured more than $250 billion into the commodity markets in the past few years, with much of the money flowing into the oil markets. As in any market, when dollars go in, the market has to adjust through prices — in this case, by going up.
Opinion: Lower gas prices are possible now - Dennis Kelleher and Mike Masters - POLITICO.com




Then, after Frank Dodd got passed, we have CONZ trying to HACK THE BUDGET of the very people who monitor the market for ILLEGAL speculation.


The Securities and Exchange Commission and the Commodity Futures Trading Commission are currently drafting rules to govern the $601 trillion swaps market in the wake of the contributions made by unregulated transactions to the 2008 fuel crisis. [Bloomberg] The Obama Administration had sought $308 million for CFTC operations, current plans call for $202 million for the Commission, and the House Republicans would like very much to shave the appropriations down to $172 million.
House GOP Seeks To Cut Funds For Oil Speculation Watch Dog | Desert Beacon


So you created the problem, and when Frank Dodd tried to fix it, you defund the watchdog.

Now perhaps any of you backwoods retard CONZ would like to point out EXACTLY how Obama, ALL BY HIMSELF, raised oil prices by more than 24% which is what the current price tag is on speculation in oil.

 

[Lonestar_logic]

Still waiting for where Obama says he wants to keep gas prices high.

Post #8

 

[Lonestar_logic]

This is deliciously RICH.
ONCE AGAIN we have CONZ, completely CLUELESS as to what their own party has been up to and coming on here and spewing their UNSUBSTANTIATED OPINION as if it mattered more than a puddle of warm spit.



First, Thanks to Phil "Foreclosure" Gramm, and the Commodities and Futures Modernization act, speculators are allowed much greater freedom in our markets.

Not that long ago, commercial traders made up about 70 percent of commodity market activity and speculators the remaining 30 percent. For decades, this worked pretty well, serving the commercial participants and keeping prices fairly stable. Prices largely reflected fundamental factors of supply and demand.

But that ratio has flipped in the past few years. Now, speculators are about 70 percent of activity in many commodity markets and commercial hedgers only about 30 percent. This coincided with investment banks creating and selling commodity index funds. These products have poured more than $250 billion into the commodity markets in the past few years, with much of the money flowing into the oil markets. As in any market, when dollars go in, the market has to adjust through prices — in this case, by going up.
Opinion: Lower gas prices are possible now - Dennis Kelleher and Mike Masters - POLITICO.com

Then, after Frank Dodd got passed, we have CONZ trying to CUT THE BUDGET by 1/3rd of the very people who monitor the market for ILLEGAL speculation.


The Securities and Exchange Commission and the Commodity Futures Trading Commission are currently drafting rules to govern the $601 trillion swaps market in the wake of the contributions made by unregulated transactions to the 2008 fuel crisis. [Bloomberg] The Obama Administration had sought $308 million for CFTC operations, current plans call for $202 million for the Commission, and the House Republicans would like very much to shave the appropriations down to $172 million.
House GOP Seeks To Cut Funds For Oil Speculation Watch Dog | Desert Beacon


So you created the problem, and when Frank Dodd tried to fix it, you defund the watchdog.

Now perhaps any of you backwoods retard CONZ would like to point out EXACTLY how Obama, ALL BY HIMSELF, raised oil prices by more than 24% which is what the current price tag is on speculation in oil.

And you counter with more opinion.

 

[RDD_1210]

Still waiting for where Obama says he wants to keep gas prices high.

Post #8

Nope, nothing in that post.

 

[Lonestar_logic]

Still waiting for where Obama says he wants to keep gas prices high.

Post #8

Nope, nothing in that post.

Then you really are stupid.