Political Wrinkles  

Go Back   Political Wrinkles > Political Forums > The President & the Executive Branch
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

The President & the Executive Branch Discuss Pres. Obama Discusses Oil Market Manipulation at the Political Forums; Of course Republicannots will block it, but good on you, Mr President for putting forth the right ideas, Pres. Obama ...

Reply
 
Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 04-17-2012, 10:13 PM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: in the natural state
Posts: 53,135
Thanks: 38,957
Thanked 20,005 Times in 13,846 Posts
Send a message via Yahoo to saltwn
Default Pres. Obama Discusses Oil Market Manipulation

Of course Republicannots will block it, but good on you, Mr President for putting forth the right ideas,

Pres. Obama Discusses Oil Market Manipulation | C-SPAN
__________________
I may not answer your question, but I will enjoy giving you my opinion.
Reply With Quote
  #2 (permalink)  
Old 04-18-2012, 12:57 AM
Infidel Dog's Avatar
The New Cool
 
Join Date: Oct 2009
Gender: Male
Posts: 5,684
Thanks: 734
Thanked 2,104 Times in 1,472 Posts
Default Re: Pres. Obama Discusses Oil Market Manipulation

Sarah Palin responded to this one...

Quote:
In his press conference today, President Obama seems to have latched on to Eric [Bolling’s] idea of dealing with speculators. But the president proposed an outrageously expensive “fix,” claiming that he needs a boatload of tax dollars and bureaucrats to merely apply common sense to regulating oil trades and enforcing the authority the CFTC was already granted by the Dodd-Frank bill. This is ridiculous, and it’s not enough. Keep in mind that cracking down on speculation is only a small part of the solution. The key remedy is still drilling.
That's part of a much larger piece that goes into more detail.

I didn't want to hijack you, so I opened a separate thread for it here.

http://www.politicalwrinkles.com/opi...tml#post425810
Reply With Quote
The Following User Says Thank You to Infidel Dog For This Useful Post:
  #3 (permalink)  
Old 04-18-2012, 03:26 AM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: in the natural state
Posts: 53,135
Thanks: 38,957
Thanked 20,005 Times in 13,846 Posts
Send a message via Yahoo to saltwn
Default Re: Pres. Obama Discusses Oil Market Manipulation

Drilling more than (I think he said 8 years but please view the video).
Other things are mentioned. Only about a 10 min vid.
__________________
I may not answer your question, but I will enjoy giving you my opinion.
Reply With Quote
  #4 (permalink)  
Old 04-18-2012, 08:13 AM
American's Avatar
Constitutionalist
 
Join Date: Sep 2008
Location: VA
Gender: Male
Posts: 595
Thanks: 212
Thanked 220 Times in 156 Posts
Default Re: Pres. Obama Discusses Oil Market Manipulation

Speaking of manipulating oil markets, isn't the banning of drilling all over the place also a manipulation scheme?
__________________
"Laws are made for men of ordinary understanding and should, therefore, be construed by the ordinary rules of common sense. Their meaning is not to be sought for in metaphysical subtleties which may make anything mean everything or nothing at pleasure." -- Thomas Jefferson יהוה
Reply With Quote
  #5 (permalink)  
Old 04-18-2012, 09:03 AM
Oftencold's Avatar
Moderator
 
Join Date: Jul 2009
Gender: Male
Posts: 16,649
Thanks: 9,800
Thanked 8,023 Times in 5,217 Posts
Default Re: Pres. Obama Discusses Oil Market Manipulation

Quote:
Originally Posted by saltwn View Post
Of course Republicannots will block it, but good on you, Mr President for putting forth the right ideas,

Pres. Obama Discusses Oil Market Manipulation | C-SPAN

[Moderator Mode]

Reminder Folks:

http://www.politicalwrinkles.com/fee...s-attacks.html

I know that most of us don't attach real venom to these "pet names," but they are causing problems.

We should all remember an old rule from the early days of the 'Net: 'something written tends to come across as harsher than it would if spoken.'
[/Moderator Mode]
__________________
“Quod scripsi, scripsi"

╠═════════════════════════════════════╣

“Serpent's breath, charm of death and life, thy omen of making!”
Or if you're a traditionalist,
“Anál nathrach, orth’ bháis’s bethad, do chél dénmha!”
And children, say it like you mean it!

╠═════════════════════════════════════╣
Reply With Quote
The Following User Says Thank You to Oftencold For This Useful Post:
  #6 (permalink)  
Old 04-18-2012, 09:35 AM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: in the natural state
Posts: 53,135
Thanks: 38,957
Thanked 20,005 Times in 13,846 Posts
Send a message via Yahoo to saltwn
Default Re: Pres. Obama Discusses Oil Market Manipulation

Quote:
Originally Posted by American View Post
Speaking of manipulating oil markets, isn't the banning of drilling all over the place also a manipulation scheme?
Please watch the video (it's short). We have a lot of drilling going on.
Kind of what the President is saying. We have done everything and there are still reasons why the price gouges a couple times a year. One we are 2% (if we offered every inch of oil to market) of world oil bit use 20%. Speculators and no real alternatives going on. But he doesn't dwell on any point too much. Ad I said it is a short and will spur conversation probably.
__________________
I may not answer your question, but I will enjoy giving you my opinion.
Reply With Quote
  #7 (permalink)  
Old 04-18-2012, 11:15 AM
Conservative Sage
 
Join Date: Mar 2010
Location: Scottsdale, AZ
Posts: 8,556
Thanks: 2,937
Thanked 3,338 Times in 2,270 Posts
Send a message via ICQ to AZRWinger
Default Re: Pres. Obama Discusses Oil Market Manipulation

Quote:
Originally Posted by saltwn View Post
Please watch the video (it's short). We have a lot of drilling going on.
Kind of what the President is saying. We have done everything and there are still reasons why the price gouges a couple times a year. One we are 2% (if we offered every inch of oil to market) of world oil bit use 20%. Speculators and no real alternatives going on. But he doesn't dwell on any point too much. Ad I said it is a short and will spur conversation probably.
The claim the OA has done everything to lower oil prices except crack down on rampant speculation is utter nonsense. No one could forget Obama's blocking the Keystone pipeline or an anti-fossile fuel EPA blocking oil exploration in Alaska or the proposals to raise taxes on gasoline producers.

Gee ya don't suppose the villification of oil "speculators" has anything to do with politics do ya? Just because the Koch brothers are in the business is no reason to think the extra investigators are to silence political opponents, darn Tea Party.
Reply With Quote
  #8 (permalink)  
Old 04-18-2012, 12:06 PM
Infidel Dog's Avatar
The New Cool
 
Join Date: Oct 2009
Gender: Male
Posts: 5,684
Thanks: 734
Thanked 2,104 Times in 1,472 Posts
Default Re: Pres. Obama Discusses Oil Market Manipulation

Quote:
Originally Posted by saltwn View Post
Please watch the video (it's short). We have a lot of drilling going on.
You don't have to watch the video to know he says that. He says it all the time. The problem with it is the reason there's more drilling right now is new leases were opened up, and began under Bush.

At the same time these new wells are opening up though, regulations are stopping new drilling from opening up after those leases. This is true for coal, and natural gas, as well.

The law of supply and demand where prices dip when there's a greater supply doesn't really kick in until there's a general policy to access the massive reserves of all three sources - oil, natural gas, and coal. Conversion from oil to the other two is also possible, and gets easier with new technologies. This is another reason research and development is important to add to the mix. What Obama is suggesting is only a small piece to the puzzle, and nothing new. Every time there's been a rise in price of oil we hear such talk.

A thing they rarely bring up is the price of oil goes up when people like Obama's crew manipulate the dollar to make it worth less.
Reply With Quote
  #9 (permalink)  
Old 04-18-2012, 12:06 PM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: in the natural state
Posts: 53,135
Thanks: 38,957
Thanked 20,005 Times in 13,846 Posts
Send a message via Yahoo to saltwn
Default Re: Pres. Obama Discusses Oil Market Manipulation

Quote:
Originally Posted by AZRWinger View Post
The claim the OA has done everything to lower oil prices except crack down on rampant speculation is utter nonsense. No one could forget Obama's blocking the Keystone pipeline or an anti-fossile fuel EPA blocking oil exploration in Alaska or the proposals to raise taxes on gasoline producers.

Gee ya don't suppose the villification of oil "speculators" has anything to do with politics do ya? Just because the Koch brothers are in the business is no reason to think the extra investigators are to silence political opponents, darn Tea Party.
I just said elsewhere, it may be lobbyists keeping the Keystone thing going because we are doing a lot of drilling in this country right now this very minute.
Cracking down on speculators surely wouldn't hurt.
__________________
I may not answer your question, but I will enjoy giving you my opinion.
Reply With Quote
  #10 (permalink)  
Old 04-18-2012, 01:36 PM
Conservative Sage
 
Join Date: Mar 2010
Location: Scottsdale, AZ
Posts: 8,556
Thanks: 2,937
Thanked 3,338 Times in 2,270 Posts
Send a message via ICQ to AZRWinger
Default Re: Pres. Obama Discusses Oil Market Manipulation

Quote:
Originally Posted by saltwn View Post
I just said elsewhere, it may be lobbyists keeping the Keystone thing going because we are doing a lot of drilling in this country right now this very minute.
Cracking down on speculators surely wouldn't hurt.
More government meddling in the free market almost always results in harm to consumers. This will too. There is no evidence oil futures trading drives prices higher but there is ample evidence it can drive down prices.

Would you please explain why this isn't a political attack.
Reply With Quote
Reply

Tags
discusses, manipulation, market, obama, oil, pres

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump


All times are GMT -5. The time now is 02:58 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0