The Conservative Cave
Current Events => Economics => Topic started by: formerlurker on April 21, 2011, 07:16:05 PM
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With gas prices rising, Obama announces new gas task force
Posted by Stephanie Condon
With gas prices nationwide averaging close to $4 per gallon, President Obama announced today that the U.S. attorney general is creating a task force to root out any cases of fraud or manipulation in the oil and gas markets that might affect gas prices.
"We are going to make sure that no one is taking advantage of the American consumers for their own short-term gain," Mr. Obama said at a town hall meeting at the renewal energy company ElectraTherm in Reno, Nevada.
http://www.cbsnews.com/8301-503544_162-20056205-503544.html
Hope and change baby.
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What's that old nugget, when the government gets involved in something, expect the price to go up?
I came across an article earlier this week that noted Obama significantly complaining about oil speculators driving up the price, and not a lack of supply. Not that I expect the cure to be any worse than the disease, especially with this jackass running the show. If it works out to anybody's benefit after all is said and done it will be a miracle an accident.
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This is the new reality, gas prices won't come down like they did in 2008. The dollar is becoming worthless on the world market - and oil is traded globally using dollars. Unless and until our "government" can stop spending and pay off some debt, gas prices will continue to rise.
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Investigate yourself, Obummer.
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But Al-wacko-holder is spearheading this! ::)
What could possibly go wrong? :whistling:
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Investigate yourself, Obummer.
We've got to protect our phoney-baloney jobs!!! Harumph! Harumph! Harumph!!!
I didn't get a "Harumph!" outta that guy...
Then again what did you expect? This will keep the plebes quiet for a bit longer, anyway.
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I heard that during the 11pm news last night. Just what we need, a task force. ::)
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I heard that during the 11pm news last night. Just what we need, a task force. ::)
More government jobs. This is not what the governmeant........ :mental: :argh:
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http://www.cbsnews.com/8301-503544_162-20056205-503544.html
Hope and change baby.
:kumbaya:
Only because there isn't a circle jerk smiley
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Unless and until our "government" can stop spending and pay off some debt, gas prices will continue to rise.
If they continue to rise at the current rate how far do you all expect them to rise before they even out?
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If they continue to rise at the current rate how far do you all expect them to rise before they even out?
There is nothing to even out, if the Dollar continues to fall commodities that are traded in dollars will continue to cost more. This is not currently a supply/demand problem, it is a currency problem and IMHO gas isn't going to stop going up, it may slow a bit (hopefully as I drive 25,000 miles a year). Rising gas prices will continue to pull down on the economy with an ever worsening spiral downward.
Americans will stop traveling, businesses will be hit and more jobs will be lost. Food prices are going to continue to rise because farms can't afford diesel anymore. A friend of a friend in construction is kicking in $8,000 a month more for fuel - instead of hiring summer workers he's eating the increased fuel costs. I think it's fixing to get real bad.
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The community organizer might as well have said, "Eat mo' beans".
It would have accomplished more than a bunch of government nincompoops.