Hooray! Obama’s Going to Sue Our Way to Lower Gas Prices
Posted by Jim Hoft on Friday, April 22, 2011, 7:50 AM
In order to slow soaring gas prices Barack Obama has turned to the Justice Department.
Makes perfect sense, huh?
Gas Price Czar Eric Holder
Barack Obama said the Justice Department will try to “root out” cases of fraud or manipulation in oil markets.
MSNBC reported:
President Barack Obama said Thursday that the Justice Department will try to “root out” cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested a variety of legal reasons may be behind gasoline’s surge to $4 a gallon.
“We are going to make sure that no one is taking advantage of the American people for their own short-term gain,” Obama said at a town-hall style meeting at a renewable energy plant in Reno, Nev.
The town hall was sandwiched in between Obama’s four fundraising events in California on Thursday — one in San Francisco and three in Los Angeles. The president was holding six fundraisers over the course of his three-day West Coast trip, aimed at high-dollar donors and young people, both of whom will be integral to a campaign that could set fundraising records.
And, that is just one more reason why community organizers don’t make good presidents.
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Published February 22, 2012 at 4:19 pm - 32 Comments
#1AMERICAN commented:
Maybe the black panthers are behind it this time
pagar commented:
““We are going to make sure that no one is taking advantage of the American people for their own short-term gain,””
IMO, there is not a chance that anyone ” is taking more advantage of the American people for their own short-term gain” than the Obama Administration.
Hoosierman commented:
Starting a war with an OPEC nation isn’t a WINNING idea if one is concerned about gasoline prices. I would hope Mr. Holder would pay special attention to the price of North Sea Brent which is consistantly higher than the NYMEX price.
Militant Conservative commented:
Just a diversion to get the public eye off of the WH incompetence.
Look over there not at me.
Simple, a narcississt cannot take responsibility for anything wrong.
powder is dry
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Ella commented:
Will he be suing individuals, or oil companies, or who?
∅ commented:
Another useless exercise in futility. Can’t let congress have all the fun with committee hearings. Exploiting America’s own resources would be too easy. Idiots.
Ginger commented:
Steward Barney just said there is nothing any one can do about the gas prices. The little punk kenyan fraud is just doing what he does best and that is lie.
workingclass artist commented:
so a fraudulent undocumented part time socialist president is turning to a crooked appointee in league with Mexico to root out corruption & manipulation of gasoline prices cause evil oil companies hurt ordinary american slugs….ummmm…..yeah….
∅ commented:
Will he be suing individuals, or oil companies, or who?
I think he blamed all of us during his campaign when he said, “We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times … and then just expect that other countries are going to say OK.”
I guess we’re being punished for not seeking “other countries’ approval regarding our energy usage or something. Sure it’s incoherent, but is that really any surprise where zero is concerned?
Sue all of us, Obutthead! I dare ya!
The All Real Numbers Symbol commented:
how about suing the speculators?
Or, you, telling OPEC to screw off and begin mass drilling RIGHT HERE IN AMERICA!!!!
Please come quickly 2012. I can’t wait to throw this traitor out!!
workingclass artist commented:
#5
This is a soft war on the energy states….just like the soft war on those border states who don’t kiss the ring of King Soetero….
toongoon commented:
I guess zero doesn’t want anyones short term gain to compete with his long term goal. Prices are high because the fed is inflating the dollar. Prices of everything but wages are effected.
Remember; “prices will necessarily skyrocket”. zero wasn’t just talking about energy.
Militant Conservative commented:
Very possibly the next target of a takeover.
Joe Camel commented:
I thought it was Halibuton and Bush, and evil oil companies? Now?? Make up your mind Mr. Govt. The average American knows, you would hope you could figure it out. Maybe too much education has made you unable to comprehend basic factors in life.
MAJ Mike commented:
The border is in chaos. The BATF is arming the drug cartels. Voter fraud is becoming institutionalized. Robot killers are operating in undeclared wars.
Certainly, we are in the best of hands.
HL commented:
Case solved, really easy you know. Ditto commodity prices.
http://market-ticker.org/akcs-www?post=184722
The chart is oil, the white line the dollar.
The dollar has collapsed as Bernanke and Obama have together conspired to demand QE2 to support Obama’s insane borrowing and spending in the economy.
There is a near-perfect inverse correlation between these two charts.
Ginger commented:
This is funny………… I had a dream last night that I was wipping his butt with a belt and he was shouting for mama! That is all I dreamt but was enough to put a smile on my face today.
Zim commented:
These people are idiots. God help us
Ginger commented:
Zim…… they are more then idiots they are EVIL and CORRUPTED.
IOpian commented:
Kind of like the fox saying he will look into who has been disturbing the hen house. It is his party’s policies that are to blame for the lack of domestic production creating an artificial, politically contrived shortage that puts us at the mercy of energy supplies from unstable regions that allow the speculator’s games to exist in the first place and inflates prices.
Years ago, during the Bush administration, Democrats parroted the narrative that we can’t drill our way out of the situation. Had we eased regulatory hindrance on drilling and refinery construction back then we would not find ourselves in this mess. Instead, had they made realistic choices, we’d be on our way from dependence on foreign oil and wealth transfer that finances our opposition to energy independence and lower prices.
Instead the Democrats pursue policies so that unicorns can graze freely in tomorrow’s Utopian green pastures while kicking the can of real-world contemporary solutions down the road of electoral advantage. Hopefully their miserable failures in this aspect will do exactly the opposite and create an electoral liability that gets them out of the way before they can do further damage.
Dewormer commented:
Interesting how it finally comes down to blaming markets themselves for the failure of State planning. Clearly this is right out of Lenin and Mao’s playbooks.
Amy commented:
Just another excuse for government control and regulation, which will be popular among the resentful and ignorant. How about if we root out causes of fraud and manipulation in government instead?
Ginger commented:
We need to get Wisconsin to change their voting laws. One day registration and then vote the same day! huh
There is other states. Lets clean house because I can tell you right now the corruptors are working hard to jam those fraudlant dead people in the absentee ballots, etc. High school students are most likely registered to vote and has no idea they registered.
donh commented:
The SAUDIS want OBAMA OUT…$5 gas is PAYBACK for what he did to Mubarak.
Fred Beloit commented:
No justice, just piece, a piece of the pie. In searching for criminals among players in the oil markets, Holder may want to consider that there are some laws discovered in the field of Economics that come close to the certainties in the laws of physics. The influence on prices of currency inflation and Supply and Demand are such laws and Holder/Obama might just interest themselves in them before they go off half-cocked…………………………nah.
Bowser commented:
Barry’s team does not understand that Oil is priced in dollars world wide. The dollar is in the toilet ergo oil prices are high. Contributing to that is our own lack of drilling. Oil companies are not gouging it has to do with supply, demand, the dollar and market issues and the middle east. He needs to blame somebody because for sure it is not the Administrations fault. Remember as it was once said this guy has not even run a lemonaide stand so the market in not understood.
This is an excellent site, too bad it takes so long to load with a high speed conection, to unload as well. It has too much clutter!!!
dwd commented:
“And, that is just one more reason why community organizers don’t make good presidents.”
Community organizers OR victimhood pushers.
Oldflyer commented:
I think BHO is on to something. Gas prices are being manipulated, and we know by whom. They call themselves OPEC, and they manipulate our gas prices by controlling our supply of oil. Nothing our legal system can do to stop them now. There is a co-conspirator who is subject to our legal system; his name is Barrack Hussein Obama.
I wonder if the DOJ will figure that out?
Dave-O commented:
I hope Eric Holder will investigate the role of our diminishing dollar in connection with the rising price of oil (and gold, silver, etc.) – and who is responsible for the inflationary pressures. I won’t hold my breath.
wanumba commented:
That’s classic Soviet-style, dicatorship rhetoric…screw the markets, then as prices soar and goods become SCARCE, start witch-hunts to find baaaaaaaaaaaaaad people who are gouging everyone. Watch the “mobs” piling into business which have been found to be “overcharging.”
Next bad guys: the HOARDERS.
Classic Third World-creating demonizing normal people trying to do any business at all in a hostile environment. Horrible to see our president leading this nasty degeneration.
Rock commented:
“We are going to make sure that no one is taking advantage of the American people for their own short-term gain,”
…………………………………………………………………………………………………………………….
Yea right if that was true, WTF’s little #itch Holder would have to start with his boss, ManBoy Al Gore, George Soros, Van Jones, the EPA, and must of the inner circle at the White House.
MAJ Mike commented:
Soooooo, wanna bet that Soros (NAZI collaborator) is at work shorting the US dollar like he did with other national currancies. That’s how he made some of his billions.
Like our Red Chinese Overlords say, “We are cursed to live in interesting times.”
csdoug commented:
What a disaster. Now that the campaign is on, no effective solutions are on the horizon. Not that there were anyway. I am so tired of being lectured and chastised by these people, of being told that I am bad and wrong.
Freddy commented:
The root of the problem is Obama’s own economic policies. The only way to lower gasoline prices is a stronger dollar! The fastest way to strengthen the dollar is to NOT RAISE the DEBT CEILING! We have to stop all of the absurd federal government borrowing if we are going to address price inflation!
mg4us commented:
Sarah Palin had it right . . our energy policy should be
“Drill, baby, Drill”
but O-dumbo doesn’t understand this. . . never worked a real job in his life. . . and never did well in Harvard either. . doesn’t understand economics. . just community dis-organizing!!
The only thing Obama knows how to drill is another orifice in the rear-end’s of the American people! He is screwing this country BAD!! Real bad!!!
It is close to the time to IMPEACH this imposter and his band of socialist/commie czars.
2012 can’t come soon enough!
Obama – - Incompetent, Inept, Inexperienced. . .and a radical imposter too!!
O-buma.
Rock commented:
#35 April 22, 2011 at 9:50 am
Freddy commented:
The root of the problem is Obama’s own economic policies.
………………………………………………………………………………………………….
No I would suggest the root of the problem is WTF himself. All else are but the tools he employs to destroy the nation.
John21 commented:
Please even if this wasn’t a distraction event, Holder probably the most incompetent man in the administration? The most bias political hack to sit in the attorney generals seat, youreally think that he has the capability to see the corruption (without taking his cut) and doing anything? The minute he find out the corrupt are from the DNC or “his people” the investigation get lost for (of course) lack of evidence.
Mikey commented:
Funny thing about this – the Kool Aid drinkers will be COMFORTED that their Zero leader is doing something. He will demogogue this issue, but NEVER EVER take the responsibility – like it’s Bush’s fault. This guy is such a moronic child Kommie. He never takes responsibility for anything. Eric Holder, the racist is on the job for the American people. Does that make you feel better? Personally, it brings chills to my spine. They WILL find someone to blame and all the Kommies will cheer. This is so scary beyond words – just like the NLRB Boeing thing. Does anybody believe we live in a free republic anymore, because I sure don’t. The America that I knew and loved is toast.
Pat the First commented:
Your food prices are going up. That is what happens when the cost of producing rises. I bet by the end of the year, food prices will be 15-20% higher than the year prior.
MikeSilver commented:
I used to work for Chevron. Anytime gas prices spiked, the Attorney Generals would spring into action and launch investigations looking for violations of the law. EACH AND EVERY TIME, they’d find nothing. Nada. No collusion. No gouging. Nothing.
If he truly wanted to get oil prices down, he’d raise the margin requirements on the commodities traders. But alas, he’s happy with $10/gallon gas. It will accelerate our nation’s destruction.
Rock commented:
MikeSilver,
Unfortunately we now have a justice department that is more than willing to fabricate a case just to help the boss.
archer52 commented:
We all know it is a feint, but it is a feint based in some truth. WSJ did a great article a couple of days ago about how major investment banks, computers AND amateur investors are driving the speculation out of sight. Millions of futures transactions a day instead of a thousand. It is out of control.
According to the WSJ- which is very accurate overall- the problem isn’t supply or demand it is the speculation that our inability to handle crisis, say like the firestorm in the Middle East, will dry up supply…in the future.
Add that to the HUGE impact EPA regulations cause, there is a case made that if the EPA quite demanding blended fuels (a fruitless endeavor) from refineries the cost would go down as much as a dollar. Then there is the “futures” argument about should we control more of our supply and would that affect the futures speculation. My MENSA bright buddy who gets all of this more scoffs at the idea simply because oil and its use is worldwide. We might have plenty but if a shortage occurred for China, the price would go up regardless.
However, I disagree. As we know Obama is doing the Brazil thing to make Soros richer, the idea in of itself is not a bad one. Imagine if we could secure safe and war threat free oil from places closer to our own borders- Mexico, Canada, South America- that are in our sector of the globe would it serve to bring prices down for long term?
The Chinese are looking for secure and stable sources too, that is why they are in our backyard, not to mention the perverse pleasure they get from sticking it to us on occasion.
Just my thoughts.
Mark Aloha commented:
At least there is consistency in this administration. When the oil rig exploded in the gulf and nothing was being done to stop the leak, limit the extent of the spill, bring skimmers and other equipment into the gulf to begin clean up, what did this administration do? They sent in DOJ lawyers.
MamaGrizzly commented:
#13 April 22, 2011 at 8:17 am
Militant Conservative commented:
Very possibly the next target of a takeover.
RIGHTY-O MC.
Obama has already promised Brazil/Soros to be the supplier of oil to the US. His aim, like all dictators is to control means of production. People have GOT to get educated on the communist world view/socialist world view/one world world view before it’s too late. Sadly, and naturally, it’s not something normal people are conversant in.
Here’s a short version:
Control flow of information (media)
Vilify and take over business (CEOs/companies)
Tax the middle class into the the lower tax brackets
Make a majority of citizens dependent on government for sustenance
Take over banks and financial institutions
Reward those who cooperate and co-opt them
Control energy (oil and gas)
Control agriculture (food)
Control civil defense (guns) by developing civil army (TSA for starters) and use existing force such as police, coast guard, FBI, CIA, etc.
Control travel (TSA)
Identify citizens in central database (TSA scanners)
This is for real.
commonman commented:
For two years this adminastation policies have cause harm to the oil industry,oil is tided to our dollar when dollar value isn’t worth much oil prices are going to go way up.This is nothing more than abunch of smoke Obama pumping out his pie-hole.
Minga commented:
Let’s just keep passing the buck instead of ACTUALLY DOING SOMETHING ABOUT IT!!!!
SandyfromChesterfield commented:
Are you as tired of gas prices rising like I am? There are things this administration could do to lower the price of oil. He could START DRILLING IN THE GULF, ALASKA AND ON THE COASTS, DRILL FOR SHALE, MAKE THE COMMODITIES TRADERS ACTUALLY PUT UP THE MONEY TO SPECULATE, and STOP SUBSIDIZING ETHANOL WHICH IS RAISING FOOD PRICES. When President Bush said we were going to drill for more oil in the US gas prices dropped dramatically. The PLUNGING OF THE DOLLAR is the main reason for the price of oil rising. But he won’t want to do any of these things or help fix our economy when he can redistribute our money to foreign countries for their oil instead.
Swifty commented:
That darn Bush is just helping out his big oil buddies.
Whoops! That president’s been out of office. Let’s try another wild claim.
That darn Obama is just making sure his Muslim brothers in the Mideast get their coffers filled while he is president.
squeaky commented:
how much do states depend on the taxes levied on gas and what will they do when people cut back on their driving thereby using less? less gas sold less taxes to fund the near and dear….
obama must be listening to this guy
http://www.youtube.com/watch?v=bRSpQ1ud9R0
ponderon commented:
Obama has done everything to cripple us as a nation this nothing more than bull—–.He has no intentions to investagate cause it all leads back to his policies and regulations, and government’s printing press and pissing off our allies {saudis}
mike commented:
The president is not going to do sh*t about gas prices they all have investments in oil” the higher the price the more they benefit,need to to put opec out of business or they will put themselves out of business very soon.and there will be no gas ruining the economy even further.We need a new goverment.