I agree, but his investigation is supposed to be about insuring no price gouging or fixing. I don't see that as meddling if it's actually going on. And I think in some cases it has been, or is at present. Several states are looking into this as well.
I think, though, that he's appeasing a lot of consumers who have some very wild conspiracy theories, and I think it's an effort to try to win back some percentage points in the polls. In the end, it may prove nothing, except become another government expense paid for by tax payers.
True, the President's hands are tied in a situation like this, and perhaps unfairly.....but if gas hits $5 or $6 a gallon, Obama will definitely be a one termer.
I can appreciate Mr. Obama's wish for us to move into newer and more efficient forms of energy, but even if we made a paradigm shift tomorrow, we would have millions of combustion engine cars on our roads for at least the next two decades, so the desire for affordable gas will be a touchy issue for a long time to come...
I disagree. If the market is being manipulated, then legislation to prevent gouging can be introduced.
My understanding is that in times of unrest or perceived shortages, speculators trade the price up. I seem to recall that the same barrel of oil may change hands hundreds of times (on paper) before it is released to the market.
This is not business - it's opportunistic gouging.
Right. Only the Senate would let such legislation out of committee. But it becomes a campaign theme that the democrats were trying to do something about gouging. Obama can campaign that he supported it. Republicans can take the blame for high gas. prices.
I think the House is in play in 2012. If gridlock is inevitable, let's make it identify who the republicans work for by what they obstruct.
It's a matter of perspective, isn't it? The Republicans think the Democrats in the Senate and the President are the obstructionists. What kind of facts can you present to prove the Republicans are responsible for high gas prices? I will guarantee you that Obama's investigation will come up with 'no credible evidence' of price gouging, and that 'market forces' are responsible. Believe it or not, he is in the pocket of big business. They just happened to be Democrats.
And lets do the same with the Democrats. Pretty funny that it was Bushs' fault the last time we had high gas prices, but now that the shoe is on the other foot, it is anyone but Obama's fault. Hypocrisy is the Dem's middle name.
Every time in history that gas prices go up there is an investigation. And every investigation in history finds no problem long after prices have come down again. Course some are predicting prices are not coming down. They always do so far so if not would be first time.
The "Enron loophole" The Commodity Futures Modernization Act of 2000 has received criticism for the so-called "Enron loophole," 7 U.S.C. §2(h)(3) and (g), which exempts most over-the-counter energy trades and trading on electronic energy commodity markets. The "loophole" was drafted by lobbyists for Enron working with senator Phil Gramm seeking a deregulated atmosphere for their new experiment, "Enron On-line."
Anything to do with high oil prices ,,,Nah They play we pay
Oil is traded in US dollars and Uncle Ben is not helping.
The Oil Shocks of the 70s
The "common wisdom" is that Jimmy Carter was to blame for the gas crises in the 70s. Many use them as examples that Democrats can't be trusted on economic issues. But it's not that simple. Jimmy Carter got a bad rap!
There were two "oil shocks" in the 70s.
The first was the increase in the price in the fall of 1973. This was a result of Nixon devaluing the dollar and abandoning the gold
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