Jun 11 2008
Known facts in high prices at the pump
Oil hedge funds and oil speculators are in part largely responsible for the high prices at the pump. We should not go after the oil companies at this time because taxing them will be simply passed on to the consumers.
The hedge funds and oil speculators do give in a 2 to 1 margin donations to Democrats over Republicans. The far left of the Democratic party is also responsible for preventing the exploration and aquisition of vast amounts of natural resources here in the United States.
The solution is to go after the speculators and oil hedge funds that are artificially inflating the costs to our citizens. While I do appreciate Rep. Kucinich’s efforts, he needs to concentrate on the speculators now and then reevaluate the US economy before going after Oil companies. Cutting subsidies and encouraging oil companies to invest in alternative enegies is needed. It is time to be concerned but not punitive.
If new oil is 2 years away, then alternative energies are a good 5 years away.
We need to scrap the mandates, open the oil rich areas off our coasts to drilling, allow oil companies to uncap wells that were capped in the Carter Administration and finally, allow immediate expansion of all refining facilities and streamline the approvals for new refineries.
These investors are buying long and planning on selling long. Forcing them to short sell will cause prices to spike but doing the above would place an artificial ceiling on longterm futures and force prices down sooner than this nonsense about cars running on hopes and dreams or sunshine and farts or whatever pie in the sky Goracle nonsense the dems are talking about.
The dem’s love talking about our image in the world stage. You think they care about our presence in Iraq more than our double standards with our energy policy? This have your cake and eat it too diatribe they powers that be are pushing is the most idiotic thing I’ve ever seen…