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Author Topic: Obama pitchs $52M plan to regulate oil markets  (Read 2026 times)

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Offline txradioguy

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Obama pitchs $52M plan to regulate oil markets
« on: April 17, 2012, 01:08:09 PM »



President Obama on Tuesday urged Congress to help strengthen federal supervision of international oil markets, amid pressure from U.S. voters to take action on rising gasoline prices.

The president wants Congress to increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions.

"Congress should do all of this right away," the president said Tuesday during a White House speech in the Rose Garden.

Obama said the plan would put "more cops on the street" to catch speculators who attempt to manipulate markets for their own profit. He also chastised Congress for recently voting against ending tax breaks to U.S. oil companies and said passing his proposal would help members redeem themselves.
Still, the president acknowledged such efforts "will not bring down gas prices overnight."

The plan 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 was joined Tuesday by Attorney General Eric Holder in spelling out his $52 million proposal.


Read more: http://www.foxnews.com/politics/2012/04/17/obama-to-pitch-52m-plan-to-regulate-oil-markets/#ixzz1sK30znEy
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Offline Kyle Ricky

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #1 on: April 17, 2012, 01:13:45 PM »
Whatever happen to only allowing people who will actually use the oil trade said oil?
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Offline DefiantSix

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #2 on: April 17, 2012, 02:41:49 PM »
Quote from: Kyle Ricky on April 17, 2012, 01:13:45 PM
Whatever happen to only allowing people who will actually use the oil trade said oil?

He couldn't get it convoluted enough.

I'll lay 50-to-1 odds that if this turd is ever actually implemented, the actual costs will be closer to the neighbor hood of 10x to 100x the bullshit figure he cited.
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Offline thundley4

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #3 on: April 17, 2012, 03:01:15 PM »
Quote from: DefiantSix on April 17, 2012, 02:41:49 PM
He couldn't get it convoluted enough.

I'll lay 50-to-1 odds that if this turd is ever actually implemented, the actual costs will be closer to the neighbor hood of 10x to 100x the bullshit figure he cited.

And it will still fail to help curtail manipulation that they claim happens.
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Offline DefiantSix

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #4 on: April 17, 2012, 03:14:38 PM »
Quote from: thundley4 on April 17, 2012, 03:01:15 PM
And it will still fail to help curtail manipulation that they claim happens.

Tru dat. :cheers1:
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Offline wasp69

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #5 on: April 17, 2012, 03:49:12 PM »
Quote
He also chastised Congress for recently voting against ending tax breaks to U.S. oil companies and said passing his proposal would help members redeem themselves.

Allow me to express what the Republicans in Congress may not have the balls to say themselves:  Go **** yourself, barky.

Who the hell is the petty, little man to grant "redemption"? 
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Offline NHSparky

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #6 on: April 17, 2012, 05:50:19 PM »
IOW, he's like the DUmmies--he just needs another $10 and 24 business hours to nationalize the oil industries.
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Offline Mr Mannn

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #7 on: April 17, 2012, 06:15:14 PM »
Obama knows darn well this will never get thru congress. But the media will run with it like its a new found Gospel.
The end result? a diversion from Obama's failed energy policies. He doesn't want the blame for gas prices.
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Offline obumazombie

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #8 on: April 17, 2012, 06:16:36 PM »
Again proving libs know nor care nothing about basic economics.
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Offline DLR Pyro

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #9 on: April 17, 2012, 07:53:14 PM »
Quote from: txradioguy on April 17, 2012, 01:08:09 PM



ulrelated to the actual topic here but that is one smug looking bastard.  Lets make sure he looses that smug mug next November.
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Offline DefiantSix

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #10 on: April 17, 2012, 07:59:02 PM »
Quote from: DLR Pyro on April 17, 2012, 07:53:14 PM
ulrelated to the actual topic here but that is one smug looking bastard.  Lets make sure he looses that smug mug next November.

I'd like to see if we couldn't do it by the Convention.  That way, he'd need an SR-71 flight to Iran via France in order to have any chance of saving his re-emaculation.
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Offline thundley4

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #11 on: April 17, 2012, 08:22:16 PM »
Quote from: DLR Pyro on April 17, 2012, 07:53:14 PM
ulrelated to the actual topic here but that is one smug looking bastard.  Lets make sure he looses that smug mug next November.

Are those all his children by different baby mommas?
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Offline Lacarnut

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #12 on: April 17, 2012, 08:26:26 PM »
Quote from: thundley4 on April 17, 2012, 08:22:16 PM
Are those all his children by different baby mommas?

They all look like him and Moochelle. :fuelfire: :loser:
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Offline DLR Pyro

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #13 on: April 17, 2012, 08:29:13 PM »
Quote from: thundley4 on April 17, 2012, 08:22:16 PM
Are those all his children by different baby mommas?
little trayvons and trayvonnettes
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Offline DefiantSix

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #14 on: April 18, 2012, 12:14:38 AM »
Personally, I love all the constitutional aspects of creating a new government agency by dictatorial fiat whose express purpose is to strong-arm, demagogue and extort a significant and critical segment of the private sector, asking not a single word of advise or consent from the legislative branch on the subject, and then just demanding that that self same executive branch just meekly pony up the money for the hypothetical operations of said agency of dubious constitutionality.

What could go wrong???  :popcorn:
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Offline diesel driver

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #15 on: April 18, 2012, 04:37:55 AM »
Quote from: DefiantSix on April 17, 2012, 02:41:49 PM
He couldn't get it convoluted enough.

I'll lay 50-to-1 odds that if this turd is ever actually implemented, the actual costs will be closer to the neighbor hood of 10x to 100x the bullshit figure he cited.

It's a proven fact every time this big-eared buffoon opens his mouth, it ends up costing US money.   :argh:
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Offline Karin

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #16 on: April 18, 2012, 07:19:35 AM »
Correct me if I'm wrong, but isn't the oil market a global market?  How can he control and regulate what goes on in Hong Kong, Tokyo, London? 
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Offline docstew

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #17 on: April 18, 2012, 08:07:28 AM »
Quote from: Karin on April 18, 2012, 07:19:35 AM
Correct me if I'm wrong, but isn't the oil market a global market?  How can he control and regulate what goes on in Hong Kong, Tokyo, London? 

Shhh, don't confuse this argument with their argument against drilling, ya know, that old "won't make a difference in the price on the global market".
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Offline obumazombie

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Re: Obama pitchs $52M plan to regulate oil markets
« Reply #18 on: April 18, 2012, 10:29:00 AM »
Quote from: Karin on April 18, 2012, 07:19:35 AM
Correct me if I'm wrong, but isn't the oil market a global market?  How can he control and regulate what goes on in Hong Kong, Tokyo, London? 
There you go again using traditional (conservative) logic to explain liberal behavior.
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