Great find Kimiko!!!!

This is really good and I'm proud of the Democrats for putting it up.

I also see future strategy in this.

 

I am surprised. The number 1 impact rising fuel prices will have in the US is impacting trucking and logistics. You will see costs of things being delivered by trucks increasing across the board. In the UK, as was alluded to earlier, they move most things be ship, and very little by lorry. They do not have the absolutely humongous fleet of trucks that we do here in the US. That fleet is what keeps gas prices as low as they are, but they are already having issues. Drivers are driving 11 hours a day for days on end, and making the equivalent of a fast food job, all because of gas prices. If they continue to rise, and there seems to be no stopping it now, then we are all going to feel it soon. Less food to buy, less merchandise to choose from. And goodbye free shipping for internet orders.

 

GOP ?

[YOUTUBE]CvefyVexXRI&feature=relmfu[/YOUTUBE]

 

it feels very good I think

 

Blame Oil Speculators, Not Obama, For Rising Oil Prices

As the improving economy has robbed conservatives of their chief talking point against President Obama, they’ve turned to rising gas prices as the next problem to pin on the president.
Speaker John Boehner (R-OH) “instructed fellow Republicans to embrace the gas-pump anger,” while Rick Santorum conspiratorially claimed Obama is intentionally pushing up prices to cut carbon emissions. Not to be outdone, Newt Gingrich released a 30-minute video today about how “the Obama administration is so anti‑oil” that they’ve forced the price of gas to go up.
But there’s little truth to claims that Obama has curbed U.S. oil production and driven up gas prices in the process. As NPR noted this morning, the number of drilling rigs in U.S. oil fields has quadrupled under Obama and domestic oil production hit an 8-year high in 2011. For the first time in 60 years, the U.S. is now a net fuel exporter.
Oil demand was actually down 4.6 percent last week over last year, while the supply of gasoline has actually increased slightly since a year ago. So why are gas prices so high? As McClatchy’s Kevin Hall explains today, there is a systemic problem: speculation.
Energy futures markets serve a legitimate role in helping producers (like oil companies) and big end users (like airlines) hedge against price volatility, but lately, they’ve been taken over by Wall Street speculators who never intend to actually use the fuel they’re betting on. As Hall reports:

Historically, financial speculators accounted for about 30 percent of oil trading in commodity markets, while producers and end users made up about 70 percent. Today it’s almost the reverse.
A McClatchy review of the latest Commitment of Traders report from the Commodity Futures Trading Commission, which regulates oil trading, shows that producers and merchants made up just 36 percent of all contracts traded in the week ending Feb. 14 while speculators who will never take delivery of the oil made up 64 percent.
​

Many experts, lawmakers (Democratic and Republican), and government regulators have expressed similar warnings.
Finally, after many delays, the government board responsible for regulating commodity futures markets finalized a rule in October to limit speculation, a power it was given by the Dodd-Frank Wall street reform law. However, the rule won’t go into effect until next October, as the Commodity Futures Trading Commission (CFTC) needs to collect “one year of interest data” first. The financial industry is fighting the new rule, but just today, the CFTC took action against a company in different market, providing an example of how the energy regulation can effectively work.



http://thinkprogress.org/economy/2012/02/22/430184/blame-oil-speculators-for-gas-prices/

 

you two knock it off!

you made my dick go soft! porn! guys! porn! lol

 

Solar energy will become cost effective in another 4 years. "Drill baby drill" is some outdated thinking my duckies. Oil is a finite resource, no matter where you get it from. Be thankful you're living in a country that is ahead of the curve and looking for alternative fuels TODAY.

 

They are just warming us up for $5.00 per gallon.

Notice their cute tricks they think we won't notice:

$3.60 down to $3.58 down to 3.56 down to 3.49 down to 3.45 UP TO 3.71

Before speculation was allowed: gasoline was stable for over 30 years.

 

Yes, oil production is booming under Obama. No, it hasn’t lowered gas prices.

http://www.washingtonpost.com/blogs...ed-gas-prices/2011/08/31/gIQAWv8bsJ_blog.html

 

Drill, Baby, Drill Fails: Obama Presides Over Record Growth in Oil Rigs, Still Gets Blamed by GOP for High Oil Prices

http://thinkprogress.org/romm/2011/...failure-obama-growth-in-oil-rigs-high-prices/

 

Hell you do not think they would blame themselves do you?

 

Of course not but I think they are making two huge mistakes here. The right wing false propaganda machine has so constantly heaped outrageously false blame on president Obama the public has caught on and either don't believe it or tune it out.

But the other is that since they are blaming President Obama they can't hardly blame him if he takes steps to reduce the price of oil which I think he actually can do.

That's why I'm pretty interested to see what President Obama says today because he's scheduled to address the rising gasoline prices.

 

Not that long ago they lowered margin requirements for futures trading in oil and gas....time to raise them back up and send the speculators to another market...

They run from market to market like a pack of wolves and they are fucking with oil and gas right now.

 

That's why I fully support taxes on futures trading.

But they can actually get burned bad because there are things the US and OPEC can do to over supply the market.

On the other hand, however, OMG could the American consumers hurt them right now if they boycotted buying gas for even a week let alone a month.

They have to keep that supply moving because its got a short shelf life and we could burn them bad if we ever stopped buying right after they started gearing up for tourist season.

But I doubt American consumers would be willing to sacrifice for their own good.

 

we can not boycott gas...we can cut back and we do but that is not the problem..

stop buying gas and you do not go to work...50% or more live paycheck to paycheck with the help of a credit card...

I drive about 40 miles a week that equates to 12 gallons a month...I know of no one who owns a car that drives less then me...yes I buy gas once a month....

 

You're right about that and I should have acknowledged that reality. But even if we just cut back as much as possible it would really back up the supply lines and pipelines and that would put them in a bind.

But I don't hold out much hope for it. I was just pointing out a very real vulnerability for both the oil companies and the speculators.