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Current Events => Politics => Topic started by: Chris_ on July 23, 2008, 07:25:55 PM

Title: Senate to reign in oil speculators
Post by: Chris_ on July 23, 2008, 07:25:55 PM: Senate to reign in oil speculators (http://www.reuters.com/article/politicsNews/idUSWBT00944620080722?feedType=RSS&feedName=politicsNews&sp=true)

WASHINGTON (Reuters) - The Senate on Tuesday voted overwhelmingly to open debate on a bill to rein in energy market speculation blamed for high oil and gasoline prices.

But final passage of the legislation looked difficult because of disagreements between its Democratic backers and Republicans who want to include other provisions designed to boost domestic oil production.

With 60 votes needed to proceed with the measure, 94 of the 100 U.S. Senators voted "yes" and none against. But Republicans still may block final approval unless amendments are added to expand offshore drilling and develop oil shale fields.

Reid has proposed that Democrats and Republicans offer one amendment each to the speculation bill, but Republicans have indicated they may offer as many as 28, dealing with matters from production to conservation.
Title: Re: Senate to reign in oil speculators
Post by: RightCoast on July 23, 2008, 07:34:57 PM: Quote
Senate to stick a pencil in the eye of unintended consequences yet again.

Fixted
Title: Re: Senate to reign in oil speculators
Post by: Chris_ on July 23, 2008, 07:37:42 PM: Quote from: RightCoast on July 23, 2008, 07:34:57 PM
Quote
Senate to stick a pencil in the eye of unintended consequences yet again.

Fixted

:lmao: good one.
Title: Re: Senate to reign in oil speculators
Post by: Chris_ on July 23, 2008, 07:57:46 PM: Gee, are they going to outlaw the entire futures market?
Title: Re: Senate to reign in oil speculators
Post by: Thor on July 23, 2008, 08:29:32 PM: While the exhorbitant oil prices are hurting us, doesn't this go against all that is Capitalistic?? Can we say, "Socialism" ??
Title: Re: Senate to reign in oil speculators
Post by: Rebel on July 23, 2008, 08:31:24 PM: Quote from: Thor on July 23, 2008, 08:29:32 PM
While the exhorbitant oil prices are hurting us, doesn't this go against all that is Capitalistic?? Can we say, "Socialism" ??

Since when has that ever stopped the liberals? They're not Capitalists.
Title: Re: Senate to reign in oil speculators
Post by: Chris_ on July 23, 2008, 08:36:45 PM: Quote from: Big Don on July 23, 2008, 07:57:46 PM
Gee, are they going to outlaw the entire futures market?

No, just parts of it.
Title: Re: Senate to reign in oil speculators
Post by: RightCoast on July 23, 2008, 09:46:20 PM: Quote from: freedumb2003 on July 23, 2008, 08:36:45 PM
Quote from: Big Don on July 23, 2008, 07:57:46 PM
Gee, are they going to outlaw the entire futures market?

No, just parts of it.

So Hillary can still work with pork bellies??
Title: Re: Senate to reign in oil speculators
Post by: Chris_ on July 23, 2008, 09:54:37 PM: Quote from: RightCoast on July 23, 2008, 09:46:20 PM
Quote from: freedumb2003 on July 23, 2008, 08:36:45 PM
Quote from: Big Don on July 23, 2008, 07:57:46 PM
Gee, are they going to outlaw the entire futures market?

No, just parts of it.

So Hillary can still work with pork bellies??

Only if it makes her a ton of money. I mean, they are liberals, after all...