Since March, <Eric> Bolling (Fox Business Network) has pleaded to President Obama to reach out to him about his ideas for reducing the price of gasoline, even giving out his phone number on the air during Fox & Friends in hopes that the Commander-in-Chief would give him a ring to discuss his “silver bullet” solution.
No such luck, especially when your rigid ideology does not permit it. The President and his “green” commandos only want less supply and higher priced oil so that you’ll be forced (in their minds) to kiss up to their “green” agenda.
The Agenda is the Agenda after all.
You know, the one that has cost jobs and a well over half a trillion dollars of taxpayer money in one bankruptcy after another.
So what if the technology isn’t there yet and it costs multiple times more than what we have now — It’s better than oil!! 🙂
So we have $4 a gallon in April.
Twice as much as it was when Obama took office. But don’t worry, it’s still Bush/Republican/Rich people’s fault.
And you’ll always have this sage advice from Candidate Obama in 2008: “There are things you can do individually, though, to save energy,” Obama said. “Making sure your tires are properly inflated – simple thing. But we could save all the oil that they’re talking about getting off drilling – if everybody was just inflating their tires? And getting regular tune-ups? You’d actually save just as much!”
Now don’t you “feel” better. 🙂
The EPA & Moratoriums have nothing to do with it.
This effects the entire economy. You’re paying for the inflation in trucking & transportation costs of just about everything you buy from T-Shirts to Peanut Butter (which is up 27% in the last 2 years by the way– I guess the guys at Big Peanut are getting fat rich over it!) Where is Rachael Maddow when you need her! We Need the Jiffy Police!! We Need to expose Big Peanut for the greedy, capitalist SOBs that they are! 🙂
Your costs are going up. Have you noticed?
The Environmentalists and their lawyers are a bane on our existence in the 21st Century with their 19th Century mentality.
The EPA, run by environmental ideologues crushes businesses and us with choking regulations.
But there is another predator out there that most don’t see because “Big Oil” is the evil Boogeyman by the Left.
Which as a sidenote I never quite got because the oil itself comes largely from the Middle East so the money ultimately goes there because that is where the product came from to begin with so they are ultimately the “source”.
Oh and there’s this tidbit: The Chinese government dealt the public relations strategy of green technology advocates in the Obama administration a blow last month when Premier Wen Jiabao announced that the state-run economy would stop expanding its wind and solar industries, choosing instead to focus on nuclear, hydroelectric and shale — or fracking — as the energies of the future.
“It is getting tougher and tougher for the Obama administration to argue that somehow we’re in this big race for green power worldwide when the rest of the world seems to have decided that the race isn’t worth winning,” Daniel Kish, the senior vice president for policy at the Institute for Energy Research, told The Daily Caller.
The Chinese were, after all, the reason Solyndra, Beyond Solar, and other “green” companies went bankrupt. It had nothing to do with mismanagement at all.
But back the hidden danger.
It’s The Banks. You know, the “rich” people who were bailed out by Obama in 2009. The ones that are still bankrolling politicians on both sides. The ones who when effectively forced by the Democrats to make whacko risk loans to people who could afford them started a trading industry to try and package and re-sell impossible debt. It worked for about 10 years then crashed the entire economy horribly in 2007.
They are the largest “speculators” on the petroleum market. It was estimated by Eric Bolling that they add around 17 cents a gallon alone.
Government taxes on gasoline makes more money than Oil Companies do on the Oil itself.
The fact that 87% of off-shore oil is inaccessible because the government says so (because the environmentalist say so) and that new drilling is all but prohibited by the Obama Administration is a real problem. Not a phony Class Warfare one.
The Keystone Pipeline, folks. remember that?
The “increase” in production that Obama sights when criticized isn’t due to him AT ALL. And he knows it, but a liberal is more than happy to lie if it can throw you off the sent and the class warfare is just a bonus.
Put simply: If you lower supply what happens to the price when demand goes up?
“So…the solution…” Bolling announced.
“You know a little bit about this, don’t you, Eric?” Palin interjected.
“I’ve had 20 years experience in the trading world in oil and gas…” Bolling noted. “Can we bring in the top secret…”
Suddenly a security guard brought out Bolling’s top secret envelope encased in a bulletproof suitcase.
“We have a top secret silver bullet here,” Palin observed. “We are criticized, I know I am, for preaching all the time, drill baby, drill. Well, this goes beyond drill baby drill!”
“If I could ask you to open — to reveal the envelope so I can step away and put this around,” Bolling instructed Palin.
Palin finally opened the envelope, and the cat was out of the bag.
“Top secret…In addition to drill baby drill,” Palin clarified.
Bolling spun his chalk board around which read, “RAISE ENERGY MARGIN REQUIREMENTS, ALL ENERGY TRADED ON EXCHANGE.”
“It doesn’t replace drill, baby, drill, Governor,” Bolling explained. “It’s in in addition. Raise energy trading margin requirements. All energy has to be traded on an exchange. Bear with me. It’s a little technical. The reason why so many billions of barrels are traded…is because the banks can trade it. People are allowed to trade it for little or no money down. At some point, Goldman Sachs decided they want to buy oil barrels it pushes the price up. If they sell them in the same day, they don’t have to put a penny up to do that trade. It’s a free trade for them. If they want to hold it overnight, sometimes they will pay up to $2,000-$3,000 on a contract that is worth $100,000. So governor, this we need to make this equation a little bit more even. We need to bring this bowl down to something more reasonable.”
What I took from this, because I’m no economics genius, was that if you raise the risk (the price paid for those speculations) the people who are speculating now will think a bit more before pulling the trigger.
If there is no risk and all reward the sky’s the limit.
And If I buy it for X and sell it to the next guy for X+2 I just made a profit but now the other guy has to sell it for even more to make their profit so the price goes up and up and up.
The problem is that the smaller investors who aren’t the deep pocket banks could be hurt by it.
So like most ideas it’s not perfect but it’s better than the one we got.
And if it doesn’t work, well, there’s always “Drill, Baby, Drill” 🙂
Because the best way to beat high demand is high supply and that means we use what we have instead of getting the majority of it from people who have even more dubious and devious purpose than Liberals, people like Hugo Chavez, George Soros, Iran,The Middle East.
Natural Gas Prices show this. 5 years ago they were at an All-time high. Now with a much higher supply the price is low.
But to do it you have to have the Political will to fight Liberals, Environmentalists and Their Lawyers, and the Networks –which boils down to Liberals anyways.
And they don’t play nice. They don’t play by any rules. They don’t respond to logic and reason. And they are as mean,nasty, and intolerant a bunch as you’ll ever meet.
But they are the ones you have to defeat.
And they are the ones that must be defeated in 2012.
Period. End of Story.