Horror… To Ease Gas Prices Barack Obama Moves to Control Oil Industry

But he’s not a socialist.

Barack Obama has a new plan to ease gas prices – He wants to take control of oil industry.
It’s the Maxine Waters plan.

Obama wants more government control on oil industry.
FOX News reported, via Free Republic:

Under pressure to take action on rising gasoline prices, President Obama wants Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions.

The White House plan, which Obama was to unveil Tuesday, is more likely to draw sharp election-year distinctions with Republicans than have an immediate effect on prices at the pump. The measures seek to boost spending for Wall Street enforcement at a time when congressional Republicans are seeking to limit the reach of federal financial regulations.

Obama plans to spell out his $52 million proposal Tuesday at the White House, where he will be joined by Attorney General Eric Holder.

Republicans have been hammering Obama on his energy policies, recognizing the political cost of high gas prices on the president. Obama’s plan would turn the tables on Republicans by taking aim at Wall Street’s role in the oil price chain.

Senior administration officials who put together the proposal said it aims to detect and deter illegal manipulation by energy speculators, the type of practices that many Democrats blame for the high cost of gasoline. The officials spoke on the condition of anonymity to discuss the plan ahead of Obama’s announcement.

This way he can stifle production even further!

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  • Chippy

    Regulate……….destroy………control!

    Marxists do that kind of thing.

  • Texmom

    “increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions”

    I actually don’t disagree with this part, depending on how legislation was written. I do think market manipulation is hurting a true free market capitalism. It is not allowing the actual market demands to determine price, but creates a false price, doesn’t it? I’m no economist, but that’s how it looks to me.

  • Petro

    HAHA…that video had me cracking up.

    Notice how she started to say socialize…then realize that is a “dirty word”….and re-explained her position.

    I have an idea…let’s let the body who spends hundreds of thousands of dollars in Vegas on retreats and the body who has racked up trillions of dollars of debt run the oil companies….

    …yeah, that’s the solution…

  • Thank God the Republicans control the House of Representatives! I’m sure he would do what he wants with his Federal Departments and Executive Order!

  • Texmom

    p.s. Needless to say, I don’t want the government controlling the oil industry or any other industry. I just responded to the specific section of the article I quoted, not the video.

  • Militant Conservative

    Knew he would set his sights on the petroleum industry. between medical and oil he’d

    control your ability to get healthcare or go anywhere. Oil drives our WHOLE economy thus

    Obama would strangle America, it’s what socialists do. Obama has done nothing that is

    good for america. Nothing. This is why America HATES what he is doing to OUR country.

    Obama is a diseased individual, I have never seen a president that hates America any

    more than Obama. Sick pervert of an affirmative inaction zero.

    Powder is dry

  • robins111

    Someone better take Maximum, Maxine aside and tell her that these schemes don’t work, it was tried in Canada by a socialist Prime Minister, named Pierre Trudeau, (affectionately known as Turd-o) which set the economy back for at least 20 years. If she’s bound and determined to try this, it would be better to set fire to every oil facility in the US, it’d probably be cheaper, and more effective. If I was a cynical person, I’d think that this was a socialist ploy for power, which would give control to demonstratively unethical greenies and social engineers.

  • SpideyTerry

    Cause big government has done such a good job with everything else. Part of the reason everyone resists Obamacare is because this crew is too damned incompetent to run anything effectively. That’s why they’re in government; they couldn’t get jobs that require knowing what you’re doing.

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  • Taqiyyotomist

    What’s it called again when the state controls the means of production?

  • Sasja

    Government involvement, especially to this extent, does not a free market make. This is one, of many, problems of having an intrusive fed, or state, government.

    Then there is this:

    http://www.americanthinker.com/blog/2012/04/stealth_executive_order_aims_for_greater_fracking_control.html

  • Spider

    A large part of America don’t see a problem here.

    Many people truly believe the government can control prices. They have no understanding of markets, supply, demand.

    We are in a sad place where our president could even think of proposing something like this.

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  • dave

    government interference and regulation is the reason we have gas and oil supply and cost issues.

    “You are against totalitarianism or you are for it. There is no middle ground.” Ayn Rand

  • Valerie

    We can do so much better than this.

    OT — Bill Whittle is always worth watching.

    http://www.pjtv.com/?gclid=CNf6rsvslZgCFQO5GgodsHrFmA

  • mg4us

    200+ years to create a GREAT Nation, only 3+ years under Obama to destroy it!

    Even Obama’s pal Axelrod knows the destruction Obama has done and the choice before us this November 2012
    http://www.breitbart.com/Breitbart-TV/2012/04/15/Obama-Advisor-Axelrod-Tells-American-Voters-Not-Choose-The-Road-We-Are-On

    I just hope the country and economy makes it to November. . .

  • exsanguine

    “increase the amount of money energy traders are required to put behind their transactions”

    This I agree with. I can’t remember , or find quickly, the percentage amount the trader must put behind each contract he buys. But I remember it was an insanely small amount. Increasing the amount they ahve to back the contract with would hold down the wild eyed traders from spiking the system.

  • Adi

    Comrades, the tractor production is UP!

  • Valerie

    I have a young friend that thinks Obamacare is going to solve some of our insurance industry problems without affecting the market … I pointed out to him that the medical field and the electronics consumer products market are examples of markets that have been treated differently by the government, and asked him if he though medical progress had kept pace with electronics over the last few years. This will be a long discussion.

    Economics is called “the dismal science” and it is well-named. Our economic experience teaches us some miserable lessons: that charitable impulses tend to produce bad legislation and perverse results, that governmental control, for whatever good reason, results in higher prices, scarcity, retarded progress, and economic bubbles that burst in the most dismaying fashion.

    The last thing this country needs right now is for the administration that gave us the BP oil spill to have MORE control over our oil market.

  • Owebama’s playbook seems to come straight out of Atlas Shrugged. Government Motors, why not Government Fuel to go with it?

  • <blockquote cite="I have a young friend that thinks Obamacare is going to solve some of our insurance industry problems without affecting the market

    LOL, simply show your friend the government health care organization chart” If anyone doesn’t “get it” after looking at that, they are hopeless.

  • pink tie Republican

    Want to stop oil prices from skyrocketing Barry? Tell your boy Ben Bernanke top STOP printing money.

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  • Joni Schmitt

    I agree with Eric B. On his special he showed how much oil is traded daily in place of cash. He said limit what can be used for trading to 10%. That’s the real problem, not speculators. They use oil for trading instead of cash.

  • Long gas lines….gas shortages……..rationing of fuel …..thats what we’re will looking at here

  • Simon Said

    Won’t happen. This pathetic excuse for someone who was cheated at his turn for partial birth abortion is One and Done!

    Even though you act like the anti-Christ, too many loathe you to be the real one. You are the weeds, we the people are the mower and it’s time to trim some dried up, shriveled, BROWN weeds that keeps sucking the nutrients from a once healthy yard!

  • rabble-rouser

    When it comes to Maxine Waters, its difficult to be anti genetic breeding. That’s a perfect example of a gene pool that society should erradicate.

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  • Fuquay Steve

    My eyes, my eyes! Please remove Maxine- put anyone but maxine! Even that crazy one with the cowboy hat.

  • Dan C

    Margin requirements I agree with, but the rest is typical Obama statism/marxism. The whole plan will do more harm than good, but it won’t get passed anyway so it’s just Obama doing class warfare for election.

  • lizzy84

    “If I had a son, he would look like oBama.”

    -Karl Marx

  • David

    The real solution is to get rid of the federal reserve and raise interest rates from artificially low levels. That will never be explained to the retarded US public

  • democraps suck

    The Marxist needs to be put down

  • J

    NOW can we call him hugo?

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  • Joanne

    This is all part of the plan to control America and change her fundamentally. Communists always take control of all industry. Maybe people remember Putin a number of years back doing the same in Russia and putting that really rich oil mogul in Russia into prison on a number of trumped up charges to take over the oil industry. OBAMA IS TAKING OVER AMERICA. Clue in, this has nothing to do with reducing prices at the pump.

    Evil triumps when good men do nothing, and good men are doing nothing in America. Walk the walk, don’t talk the talk. Talk has never stopped evil.

  • Joanne

    People need to start rallying the freedom warriors.

  • LadyLiberty

    What I don’t understand is…

    “Several industry groups have applauded the President’s move to curtail the industry, with American Petroleum Institute head Jack Gerard saying his organization is “pleased that the White House recognizes the need to coordinate the efforts of the federal agencies that are reviewing, studying or proposing new regulations.”

    http://www.api.org/news-and-media/news/newsitems/2012/apr-2012/api-welcomes-white-house-move-to-coordinate-hydraulic-fracturing-reviews.aspx

    They welcome this????????

  • DeeDee

    Of course, the left will think that this is wonderful. Those evil, evil oil companies. Forget the fact that not only a lot of people would lose their jobs but the person in charge will have no clue about running an oil company. Disaster. I cannot comprehend how there are so many ignorant, srupid idiots out there who think this man is all that.

  • bg

    ++

    Obama’s

    [“We cannot continue to rely on our military in order to achieve the
    national security objectives we’ve set. We’ve got to have a civilian
    national security force that’s just as powerful, just as strong, just
    as well-funded.”]

    Civilian

    [Advocates of limited government are concerned about comments
    by Sen. Barack Obama (D-Ill.) regarding his national service plans
    and views on the “burden of global citizenship.”]

    Security

    ]They may be called upon to help with civil unrest and crowd control
    or to deal with potentially horrific scenarios such as massive poisoning
    and chaos in response to a chemical, biological, radiological, nuclear or
    high-yield explosive, or CBRNE, attack.

    The key phrase is ‘may be called upon to help with civil unrest.’]

    Forces

    and we say it can’t happen here, right?? /truth sarc/

    ==

  • Taqiyyotomist

    OT OMG

    http://www.whitehousedossier.com/2012/04/17/secretive-doj-force-watces-trayvon-protests/

    Closer and closer, folks, faster each day.

    h/t GP’er “ponderon”

  • Taqiyyotomist

    …and doesn’t that dovetail nicely with bg’s #43?

  • Sally

    God Bless Maxine Waters. She told us like it is.

    The man seated next to her and the woman next to him are about to blow a gasket b/c they can’t believe she was actually speaking the truth.

    They shouldn’t have been concerned; the cover was well protected by the “reporters” in the media.

  • bg

    ++

    re: #43 April 17, 2012 at 11:11 am bg

    [But communists could not be wrong. After all, their knowledge was scientific, based on historical materialism, an understanding of the dialectical process in nature and human society, and a materialist (and thus realistic) view of nature. Marx has shown empirically where society has been and why, and he and his interpreters proved that it was destined for a communist end. No one could prevent this, but only stand in the way and delay it at the cost of more human misery. Those who disagreed with this world view and even with some of the proper interpretations of Marx and Lenin were, without a scintilla of doubt, wrong. After all, did not Marx or Lenin or Stalin or Mao say that. . . . In other words, communism was like a fanatical religion. It had its revealed text and chief interpreters. It had its priests and their ritualistic prose with all the answers. It had a heaven, and the proper behavior to reach it. It had its appeal to faith. And it had its crusade against nonbelievers.

    What made this secular religion so utterly lethal was its seizure of all the state’s instrument of force and coercion and their immediate use to destroy or control all independent sources of power, such as the church, the professions, private businesses, schools, and, of course, the family.]

  • bg

    ++

    oops re: #43 April 17, 2012 at 11:11 am bg

    Obama’s link..

    [“We cannot continue to rely on our military in order to achieve the
    national security objectives we’ve set. We’ve got to have a civilian
    national security force that’s just as powerful, just as strong, just
    as well-funded.”]

    Taqiyyotomist #44 April 17, 2012 at 11:11 am

    we ain’t seen nothin’ yet!! 🙁

    ==

  • Not Likely

    Market speculators ate not “the oil industry.” But tou knew that and just dont care about the truth, do you?

  • Chris in N.Va.

    If Ozoneman had a son it would look like Bennie, cute little Benito Mussolini, to continue the fascist state-take-over of industries just like Daddy Campaignbucks.

    Next in the Govt crosshairs — real estate “flipping” for profit, then commodities futures flipping for profit…and the list (and beatings) just goes on. DAMN those evil profits!!!

    Speaking of which, our Narcissist-in-Chief can feel free at any time to return every last cent of evil, filthy, greedy profit from his two pre-anything autobiographies above and beyond just the costs of “production” — you know, manhours, electricity, printer cartridges and paper, even depreciated costs of the computer. Anything more is profit and all we good little public-school-indoctrinated prols know that’s just plain eeeevil, isn’t it boys and girls?

    So, we’ll be waiting for our Nanny(Ninny?)-in-Chief to lead by example…

    *crickets*

  • Duffy

    Why not? Chavez did it!

  • Patty

    Obama Administration is now controls:

    health care
    energy
    local schools
    banks
    insurance companies
    automobile companies
    compensation at financial firms
    newspapers
    the internet

  • susanm

    IF OBAMA GETS CONTROL OF THE OIL, KISS YOUR @SS GOOD-BY…………..HE HAS TO MUCH CONTROL, THIS SHOULD OPEN MANY AMERICANS EYE’S………….ITS YOUR COUNTRY, WE WANT TO KEEP OUR COUNTRY IN AMERICANS HANDS…………..WAKE UP EVERYBODY…ITS YOUR LIFE.

  • bg

    ++

    Chris in N.Va. #50 April 17, 2012 at 11:33 am

    re: [real estate “flipping” for profit]

    hmm, that’s sort of been taking place for quite a while now.. 🙁

    bit more of much more here..

    ==

  • Not Likely

    You people are loonies.

  • bg

    ++

    Not Likely #55 April 17, 2012 at 11:51 am

    got a rebuttal link to back that up??

    didn’t think so..

    ==

  • Joanne

    And the crazy part is Obama isn’t even your President – he is a usurper-marxist-communist-muslim dictator/terrorist. Get ready to get terrorized America.

  • Taqiyyotomist

    Isn’t George Soros a SPECULATOR?

    You know, the single biggest financier of the entire Left wing in America?

    The guy who makes the productive (and therefore, hated) Koch brothers look like a couple of lemonade-stand investors?

    Oh, but he’s one of the GOOD speculators. The GOOD filthy-rich.

    IOW — Soros is a communist, so he is good. Like all the other hundreds of communist billionaires who only support big-government statism.

  • Taqiyyotomist

    #55

    Yeah, we probably all need to be rounded up and gassed.

    Keep talking, “not likely.” Keep showing us who you are.

    Let me guess, you were one of the ones on twitter last week saying “Cheney should just DIE.”

    Ahh, liberal tolerance. Nothing quite like it.

  • Not Likely

    “got a rebuttal link to back that up”

    To back what up? The fact that market speculators are not “the oil industry?” Do you even understand what you’re asking? Do you know what the futures market is? Try learning about the real world before believing dimwits like Hoft.

  • Taqiyyotomist

    Oh, and it’s (the name Koch) pronounced “Coke”. Like Obama’s second-favorite pastime.

    Reggie Love can tell you his favorite.

  • Patty

    OT

    CARTAGENA, Colombia — ABC News has learned exclusively that the Secret Service officials accused of misconduct in Colombia revealed their identities by boasting at a Cartagena brothel that they worked for President Obama.

    Partying at the “Pley Club” Wednesday night, eleven members of the president’s advance team allegedly bragged “we work for Obama” and “we’re here to protect him.”

    The officials spent the night throwing back expensive whiskey and enlisting the services of the club’s prostitutes, according to a bouncer at the club and a police source.

    Sources tell ABC News several of the men agreed to pay for, and received, services from the “highest category” prostitutes available at the club, who charge upwards of $200.

    The men paid for the sexual services in advance but when it came time to settle the bill, there was a dispute over the charges.

    The group became belligerent and the police were called. The argument between the officials and the bouncers from the club escalated and ultimately spilled onto the street, according to several eye witness accounts.

    (Video report at link worth watching. Includes visit to club and mention that up to 20 U.S. military from all four branches involved, bringing number of U.S. personnel involved up to 31.)

    http://abcnews.go.com/blogs/politics/2012/04/exclusive-secret-service-bragged-about-protecting-obama-while-partying-at-colombian-brothel/

  • Taqiyyotomist

    #60

    What about George Soros?

    Should he be considered as evil as the evil oil speculators?

    I mean, he did intentionally crash more than one national currency so he could make billions.

  • Not Likely

    “Let me guess, you were one of the ones on twitter last week saying “Cheney should just DIE.”

    Keep guessing. The world needs more strawmen.

  • Obama is using pure Communism when he talks about taking over the oil industry. That is one of the primary legs of the Communist Manifesto in that taking over the energy industries goes hand in hand with taking over the health care industries. Once the government controls how you live and what you do through health regulation of your lifestyle, the next thing they can do is to control where you go, how you get there and how far you can go by controling the gasoline that goes into your car. You want to see 10 dollar gas? Let Obama take over the oil industry and you will see it right away. But the money won’t be going to the oil companies from profits from selling gas at a higher price, the profits will be going to the government to pay for regulations, administrating the industry, paying Maxine Waters paycheck every month, etc.

    Obama thinks that it’s somebody on Wall Street who is keeping the price high, the speculator’s or the exec’s of the oil company’s who are manipulating the price of gas? HE’S LIEING HIS BUTT OFF!!! HE DOESN’T KNOW WHAT HE’S TALKING ABOUT BECAUSE HE GETS SO MUCH MONEY SENT TO HIS CAMPAIGN COFFER’S FROM OIL COMPANIES, WALL STREET ENERGY SPECULATOR’S, AND ALL THOSE OTHER VIOLATOR’S HE DEPENDS ON SO MUCH TO KEEP HIM IN OFFICE!!!

  • Taqiyyotomist

    Define: loony.

    You used it to broad-brush the commenters here.

    What exactly do you mean by that, Herr Not Likely?

  • Taqiyyotomist

    We all just need to get re-educated, drugged, and to “get our minds right.”

    I understand. The psychologists can HELP us. If only we would just let them.

    When you folks get your way — we’ll have no choice. Well, one other choice.

    Just ask Mao.

  • Taqiyyotomist

    40 million people murdered in just FOUR SHORT YEARS.

    1958-1961.

    The Great Leap Forward.

    You folks will double that grisly number in half the time — if you get your way.

  • Taqiyyotomist

    Talk about “loony.”

  • Taqiyyotomist

    Still no answer regarding Soros.

    He’s a GOOD GUY, right, “Not Likely”?

  • bg

    ++

    btw..

    in case you haven’t noticed what’s being
    written between the lines, here you go..

    voting is obsolete, we the elite will choose your leaders for you..

    ==

  • If that dumb a$$ Obama would let us drill where we know that oil is that would last for the next two hundred years then we wouldn’t need anyone else’s oil or anything else from the Middle East. It’s Obama who is keeping the price of gas high by not letting us pump more oil from wells that are already drilled who were in process of renewing their license to pump and Obama won’t let them have their license, so they are shut down right now. It’s Obama, It’s Obama, it’s Obama, not the damn speculator’s or anyone else.

    Maxine Water’s is a card carrying Socialist, what the hell would she know about freedom and liberty. She has bonded herself with the party who will make sure all HER PEOPLE get what they deserve. Yeah, I’d like to give them what they deserve, removing her from office permanently would be the best thing that ever happened to her people, it would free them and give them the ability to take care of themselves like she has ever given them since she’s been in office.

    Obama lies when he continue’s to push this “we only produce 2% of the worlds oil reserve, and we use 20% of the worlds oil reserves” crap! HE LIES, HE LIES, HE LIES!!!

    We produce our own oil and what we get from other countries we pay for! We don’t rip people off like Obama does with money sent to Solyndra, and isn’t that the same thing as he accuses Wall Street of in manipulating the price of solar power being subsidized by the government? He’s worse than any speculator because he sent 534 million to a company he knew was about to go out of business. What is that? It’s called FRAUD!!!

  • bg

    ++

    Not Likely #60 April 17, 2012 at 11:59 am

    no, this:

    [#55 April 17, 2012 at 11:51 am
    Not Likely commented:

    You people are loonies.]

    that aside, in your OPINION, what did i
    post that qualifies me as being loony??

    ==

  • FU#K OBAMA

    Mittens what do you say with your wall street pals at your number one contributor Goldman Sachs?

  • Taqiyyotomist
  • Blue Hen

    so the federal government that can’t or won’t even produce a budget is going to impose fiscal sanity on a global oil market? Either obama is dumber than I thought or his opinion of the American public is worse than we knew.

  • Taqiyyotomist

    #72 Four-Para Will

    😉

    If that dumb a$$ Obama would let us drill where we know that oil is that would last for the next two hundred years then we wouldn’t need anyone else’s oil or anything else from the Middle East. It’s Obama who is keeping the price of gas high by not letting us pump more oil from wells that are already drilled who were in process of renewing their license to pump and Obama won’t let them have their license, so they are shut down right now. It’s Obama, It’s Obama, it’s Obama, not the damn speculator’s or anyone else.

    NAILS IT.

  • bg
  • tommy mc donnell

    is there anything that this generation of politicans has taken control of that is operating better then it was before they took over control? i can’t think of one. but there seems to be an endless list of things that are worse after the politicans in washington took control: education, housing, space program, the family, energy production, employment standards, the military, auto industry, ect.

  • Taqiyyotomist

    Tommy also nails it.

    Sad, isn’t it?

    No proof of results, and they keep doing the same thing. And we, the people, keep letting them do it, and keep re-electing those that do.

    The vast majority of people in this nation are programmed. And, even sadder, they are programmed to provide themselves with the means of programming, and to desire even better, more immersive means of programming:

    Big Flat Screen TV’s are one of the most-desired items in America. The more, the better. The bigger the better. I want one in my BATHROOM! On the dash of my CAR! On my PHONE!

    When large-scale looting happens in American cities — it’s the televisions that get taken first.

    Give me bigger, better mind-programming! If I can’t afford it, I’ll STEAL IT!

    And folks wonder why we’re where we’re at.

  • randyinrocklin

    it costs 10,850 in margin money to trade gold futures. It costs between $5000-7000 to trade oil futures. The margin requirments are determined by the volatility of each commodity traded. so it really would not matter what the margin requirments are, it would just dry up trading volume and lead to even higher prices due to less traders in the markets. the people will just pool their money and make trades via ETF’s.

  • tommy mc donnell

    taq…i grew up in the slums, i’ve told people for years that if they have a television they have a worse neighborhood in their living room then the one i grew up in. there are more bad influences in their living rooms then i had growing up in the slums.

  • Blacque Jacques Shellacque

    “The measures seek to boost spending for Wall Street enforcement at a time when…”

    As is usual for leftists, more government spending is proposed.

  • Galloway

    Remember when a barrel of oil was 155.00- -165.00 . Gas was like 2.50 -2.80 . that was 6 years ago i think.

    My son and i were trying to remember the exact year, now oil is 103.000 a barrel and price per gallon is 3.90-4.19 for regular gas and premium. the fed is printing to much money, obummer has inflated everything from gas, food, all commodities.

    Banks can borrow from gov. at 0% and invest in stock market and thats why they won’t loan to us. No risk with obummer handing them money and with 40 percent less participation in market, and its at 13,000, we are screwed if dems win again.

    Some security issues always bring price up some , Federal tax is well over a dollar per gallon. the opec arabs said the oil price is based on the strength of our dollar.

  • Taqiyyotomist

    Tommy

    I know. Ask folks: would you invite people into your home who talked the kind of crap that the folks on your television talk? Ok, maybe just the living-room. Your bedroom? Your kids’ bedrooms?

    http://www.evervue.com/

    For the bathroom.

    http://www.kvh.com/Leisure/Marine-Systems/Television.aspx

    For the yacht.

    http://www.digsdigs.com/new-plush-tvs-for-kids-bedroom-by-hannspree/

    For the kid’s room.

    http://www.mobilevideozone.com/

    For the car.

    http://www.campinglife.com/rv-and-trailer-reviews/rv-trailer-accessories/camping-tv-antennas-satellites-dishes/

    For when you’re “camping”.

    TV all the time! Personally, I like to watch CNN while I’m taking a three-coiler.

  • buddy

    obummer and holder in one place at the same time.. hmmmm . where is that idiot seeking missle when ya need it ???

  • Finncrisp

    There is not a problem that state control can’t make worse. He would start off by banning fracking, then wonder that happend to the oil boom. What a toad…

  • Taqiyyotomist

    Who doesn’t want a “plush animal-shaped TV” for their kids’ room?

    I mean, awww! right? How cute!

    Propaganda commie brainwashing in a CUTE form! How nice.

  • Taqiyyotomist

    Orwell, you don’t even know. Even you couldn’t imagine.

  • Taqiyyotomist

    A TV that you can hug and pet.

    Aww.

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  • ordman

    On April, 9th of this year President Obama met with President Dilma Rousseff of Brazil and she told President Obama that Argentine President Cristina Fernandez plans to seize control of leading energy company YPF on or around the 16th of April. President Obama replied, Really Dilma I spoke to Hugo a few days ago and he didn’t say a thing to me about it. To which President Rousseff replied, well you know how sick he’s been over the last few months it probably just slipped his mind you know. I know, I know, but still now this means that I have to move my time table up to keep up with the rest, President Obama replied, I’m going to have to have some kind of diversions over the next week or so. I’m sure that you come up with something Barack you always do, she said. Well goodbye Dilma and thanks for everything, said President Obama and good bye to you Barack, and long live the revolution, replied President Rousseff. To which President Obama replied yes, yes, yes long live the revolution as they hugged good bye.
    Make believe or not to far from the truth?

  • jb books

    Mad Max brings the stupid.

  • HeftyJo

    Texmom commented:

    “I do think market manipulation is hurting a true free market capitalism. It is not allowing the actual market demands to determine price, but creates a false price, doesn’t it? I’m no economist, but that’s how it looks to me.”

    Actually speculators help protect us from sudden rises in prices or shortfalls in supplies. Keep in mind that speculation, like any type of investment, is a gamble. There is no guarantee that someone can just call themselves a speculator and find themselves on the path to riches. A good example is to look at the speculators in the natural gas markets. A lot of them have been losing their shirts as the price of natural gas has plummeted. This was caused by an unanticipated surge in new natural gas supplies from fracking. People figured it would help pump new supplies into the market but noone guessed it would be that much more. To be a speculator one must be plugged into the stream of information flowing through a market 24×7. To be a good speculator you have to be able to piece this flood of information into a coherent picture and make judgements about what the effect all this will all have on the price of oil. Another example would be to look at the threat of Iran shutting down the Strait of Hormuz. Analysts may say that if Iran were to shut down the Strait then it would produce a shortage of supplies that would be felt by let’s say August. This information would cause speculators to begin to push the price of oil up now in anticipation of an oil shortage. By increasing the price today they are effectively curbing the demand for oil which would lead to increases in stockpiled supplies. If Iran were in fact to shut down the strait then there would certainly be an oil shortage. We would look back on everything and say, “good thing the speculators upped the price back in May or otherwise we’d have an even worse shortage of oil and the price would have skyrocketed out of control.” So, the speculators actually help to smooth out the rises and falls in the price of goods to help keep the market stable. When the government comes in and “regulates” these much needed price signals out of the market then it inevitably leads to boom and bust cycles.

  • tpartynitwit

    Expropriate 51% ownership of the major U.S. oil companies, keep their products on the domestic market, and we’ll have energy independence, $1.25/gallon gas, and crush the deficit, not to mention being able to bring the troops home.

  • Obama may have been raised by communists, but his supporters are Maoists. If you all want to read the book that will explain it, get a copy from the library. “Mao’s last Revolution”. I read it and it frightened me because I saw what happened in China from 1968 to 76 happening here.

  • bg

    ++

    archer52 #96 April 17, 2012 at 10:10 pm

    yes.. bits and pieces of dictates run rapid through
    Barry’s mind set, not to mention others as well, ie:

    “The social experiment in China under Chairman Moa’s leadership
    is one of the most important and successful in human history.”

    ~ David Rockefeller

    however, i ask, what’s in a name
    when the results are the same
    ??

    ==

  • STAMINGA

    The government should take over and it amazes me how much republicans claim to love America but hate the U.S. government. I love the U.S. government and hate rich people. They are destroying this country and taking power from the government and giving it to greedy morally bankrupt people will not fix it.

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  • tommy mc donnell

    #98…its impossible to hate rich people and love the government. the politicans are the rich people. a few thousand politicans get to confiscated half the income earned by 160 million working people in america, borrow more, and spend it to corrupt everybody they deal with. if the business people are corrupt, it was the politicans that corrupted them not he other way around.

    when you take half the income of the american people combine it with all the money the politicans borrow, the politicans control more then half of the american economy. and their goal every year is to increase the size of their portion of the economy by raising and inventing new taxes. talk about concentration of wealth in the hands of the few. this is the government you love because you hate rich people. there is none so blind as he who will not see.