Thread: $10 Gas OK for Dems

Speculators aren't as big a problem as we are meant to think. The value of our dollar, as already mentioned above, is a huge part of the problem.

And if we do start drilling, the speculators will perceive a future increase in supply in relation to the demand. Hence, the prices will come down. They are trading on oil futures, are they not?

Originally Posted by mjollnir

LOL You are really snowed...just like the rest of the sheeple.

Inability to address to OP noted. All you have is personal attack I see.

Originally Posted by Ausinus

The high oil price has little to do with supply. Its the oil companies' fault - just another way they can make money and they dont care who gets injured along the way.

Then why do they make such a low profit margin?

Originally Posted by Devil505

You guys just can't stop lying can you?!
Yesterday, Obama agreed to back drilling as a compromise to get the rest of his energy package passed.

How about this story:

In sworn testimony, 3 former POW's who were in the "Hanoi Hilton" with John McCain stated that McCain helped the North Vietnamese by giving them info on how best to shoot down our planes. Thus, McCain is a coward & a traitor!

Not even worth commenting on if you have to sink that low.

That was an actual video of the exchange, YOU are lying to declare it otherwise.

Originally Posted by Akkaid

Yeah Stinger, try to keep up with the man's flip-flops. Yesterday he was against it, today he is for it.


Jeeze, keep up with the times why dontcha.

Ahhh maybe everyone should watch the video.

It has NOTHTING to do with Obama, it has to do with the Democrat congressional leadership.

Originally Posted by Bourne

Right. Once you've stated your position if a better idea becomes apparent you're not permitted to change your position.

If you do change to a better position that is automatically labeled "flip-flopping" by the idiots that are afraid that you'll be elected.

I think the video clearly shows the Congressional Dems are OPPOSED to ANY offshore drilling.

Speculators are manipulating the prices and profiting. It isn't really that hard to figure out.

In January 2006 when the CFTC allowed the ICE Futures the gaping exception, oil prices were trading in the range of $59-60 a barrel. Today some two years later we see prices tapping $120 and trend upwards. This is not an OPEC problem, it is a US Government regulatory problem of malign neglect. By not requiring the ICE to file daily reports of large trades of energy commodities, it is not able to detect and deter price manipulation.

As the Senate report noted, “The CFTC's ability to detect and deter energy price manipulation is suffering from critical information gaps, because traders on OTC electronic exchanges and the London ICE Futures are currently exempt from CFTC reporting requirements. Large trader reporting is also essential to analyze the effect of speculation on energy prices.”

The report added, “ICE's filings with the Securities and Exchange Commission and other evidence indicate that its over-the-counter electronic exchange performs a price discovery function -- and thereby affects US energy prices -- in the cash market for the energy commodities traded on that exchange.”

Originally Posted by Bourne

I disagree. In most instances Obama has been clear about modifying his position and the reasons for doing so.

Ahh that wasn't Obama in the video in the OP, this is about the Congressional Dems.

Originally Posted by Stinger

Then why do they make such a low profit margin?

Who is "they" and tell me where is the proof that "their" profit margins are so low.

Originally Posted by Vortex

Speculators are manipulating the prices and profiting. It isn't really that hard to figure out.

I didn't say they weren't. I said they weren't as big a problem as we are meant to believe. They are the new scapegoat. God forbid we should place the blame where it actually belongs...our politicians. Bashing the speculators makes for good politics, but bad public policy.