Skip to comments.Obama to pitch $52M plan to regulate oil markets [Maxine Waters Dream Coming True]
Posted on 04/17/2012 6:02:22 AM PDT by SoFloFreeper
Under pressure to take action on rising gasoline prices, President Obama wants Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions.
The White House plan, which Obama was to unveil Tuesday, is more likely to draw sharp election-year distinctions with Republicans than have an immediate effect on prices at the pump. The measures seek to boost spending for Wall Street enforcement at a time when congressional Republicans are seeking to limit the reach of federal financial regulations.
(Excerpt) Read more at foxnews.com ...
Democrats hate capitalism.
This seems awful Carter-ish. Tell me...how did it turn out when Carter tried to regulate?
It’s funny when Bush was President, gas prices were all the faultof he and his oil drilling pals.
Now with Obama it is someone elses fault and not his.
“Obama to pitch $52M plan to regulate oil markets”
Shortages, mismanagement, inefficiency, waste, apathy and corruption come immediately to mind.
Say hello to gas lines again!
Odd or even?
I’m convinced this sort of nonsense will carry on until the very day the US Gov’t goes bankrupt. Only then will it end.
I don’t know what his “plan” entails but someone needs to get to the bottom of the manipulation of the oil markets. That’s the primary reason why we’re seeing what’s been happening over the past couple of years. Investment banks and securities firms are making tons of money off of it and the American people being screwed.
Yipee!!!!! More fat Federale paychecks for more dopes. Don’t bother applying if you are a white heterosexual male no-siree. These jobs in Obama’s new Petro-Administration are reserved for the usual affirmative buzzards that feast on your tax dollars....women, minorities, gays, trannies too I suppose
So the third time is a charm?
I want to know which Obozo contributors will this enrich?
Meanwhile the drumbeat of Dictator Obama grows louder:
regulate - control - destroy - Regulate - control - destroy - REgulate - control - destroy - REGulate - control - destroy - REGU
Surprisingly, Carter is the one who deregulated airlines which led to the huge drop in airfares.
“I dont know what his plan entails but someone needs to get to the bottom of the manipulation of the oil markets. Thats the primary reason why were seeing whats been happening over the past couple of years. Investment banks and securities firms are making tons of money off of it and the American people being screwed.”
I watched the Palin special on Fox Saturday and they had a former SEC commissioner on there and he said words to the effect that no more than 10% of the market should be allowed to be speculated on. I missed the particulars though. Anybody see this guy?
Hopefully the scenario will go the route of
“the bastards who caused all this fleeing for their lives”
“the bastards who caused all this seizing complete power over OUR lives”
But still no interest in properly regulating the silver market. Wonder why?
Hack #1: "Well, maybe open the gulf back up for drilling?"
Obama: "Are you crazy? Come on, people, serious ideas only!"
Hack #2: "Well, there was that whole keystone pipeline thing..."
Obama: "Now I'm getting mad. What is that thing, a vampire? I thought I put a stake in it's heart but it keeps coming back."
Hack #3: "I just don't see how we can do much without imposing a stifling beurocracy and excessive regulations..."
Obama: "Finally a good idea! Regulations! Fantastic!"
Hack #3: "But wait, I meant that would be bad"
Obama: "Not now, I'm on a roll! Quick, let's get a press release together, we're going to regulate!"
OPEC says “EMBARGO!”
It’s astonishing timing of this explicit call for higher margins at the CTFC. Silver now has an excuse for the usual pre-expiration smash-down, down pretty hard almost from the very minute the market opened. Don’t try to catch the falling silver knife before Friday expiration.