Comments on: Perino: It’s ‘Irresponsible To Suggest’ That There Is ‘A Short-Term Response’ To Gas Prices

By: wizard2000

wizard2000 — Wed, 25 Jun 2008 07:51:48 +0000

How do we know that right-wing religious fundamentalist terrorists (al Qaeda) aren’t profiting from the Sen. Phil Gramm/Kenneth Lay-created “Enron loophole,” unregulated, oil futures energy market overseas…that the present provision in the recently passed Farm Bill doesn’t close?

We don’t.

Hell, if I were a criminal or a terrorist, I’d have a front company or someone fronting for me as an oil futures speculator who would be investing in oil futures, watching the price of a barrel of oil on the world oil market skyrocket, and either have already cashed in or be ready to cash in while prices are so high, pocket the money and put it in a fund for financing my criminal or terrorist activity.

Completely close the “Enron loophole” RIGHT NOW, because the scenario I just laid out is probably happening now and actually has been happening over the past six years as “tough on crime, tough on terrorists” Republicans have blocked Democratic Party efforts to close the “Enron loophole.”

How much money have the right-wing terrorists gamed out of the overseas oil futures markets to finance their terrorist activities or plans?!?!?!

By: sacopenapa

sacopenapa — Tue, 24 Jun 2008 18:17:46 +0000

Does anybody listen to this administration LIER????

By: The Shadow

The Shadow — Tue, 24 Jun 2008 15:49:03 +0000

I agree that “The Ass failed to jawbone” his friend in OPEC, so I just that makes him just a plain old “ASS”. For only an Ass can persuade another group of Asses to do the right thing. Apparently this Ass has a broken jawbone because he’s not showing very good results for all of the Ass Jawboning he’s doing. Any Ass can tell you that an Ass with a broken jawbone isn’t going to get very far in an Ass kickin contest.

By: Nevar

Nevar — Tue, 24 Jun 2008 12:09:02 +0000

definition: drick

An appendage of a driver who didn’t make it to the next rest area.

By: Technodaoist

Technodaoist — Tue, 24 Jun 2008 12:02:36 +0000

Perino is a bought-and-sold member of the oligarchic establishment.

What a shocker she accuses people of being irresponsible… Its almost like projection happens regardless of party affiliation.

By: Keith

Keith — Tue, 24 Jun 2008 07:20:16 +0000

#59
What a drick!

By: Keith

Keith — Tue, 24 Jun 2008 06:35:43 +0000

jb Says:
Reagan removed the solar panels that Jimmy Carter had installed on the roof of the white house…then set about dismantling every other program and idea to move us toward energy independence.

For many years, Reagan worked for GE. Bush, Cheney, Rice, Bush’s brothers, grandfathers, and uncles are in the OIL industry. With $135 oil, reserves of the Big 5 now worth about $3 TRILLION.

By: Max-1

Max-1 — Tue, 24 Jun 2008 06:18:27 +0000

Dana can afford the doubling of gas…

Why does the White House hate poor people?

Why is the White House NOT working on that solution?

By: BillFromDover

BillFromDover — Tue, 24 Jun 2008 05:06:40 +0000

Let’s see here: OPEC announces that it will pump an extra 200,000 bls a day i8mmediatly & work to produce 12,500,000,000 bls and on this news today the price of oil futures goes… up.

Sure, tell me again how drillin’ for more will cause prices to drop.

BTW, what guarantee do we have that any oil drilled in America won’t be sold on the world market?

By: Oval12345678 aka James K. Sayre

Oval12345678 aka James K. Sayre — Tue, 24 Jun 2008 03:53:10 +0000

The oil futures market speculators have made billions and billions of dollars off of Americans with the totally unregulated electronic trades, since Bush deregulated it in January 2006. They simply buy futures contracts, which create an artificial added demand for oil on the spot market, which raises the price a little, then wait for Bush or Cheney to rattle their sabers and threaten to bomb Iran, and this jacks up the oil prices much more. This spiral of greed has been going on for at least two and a half years now. Hedge funds, pension funds, banks, speculators and even oil companies have jumped on this greed bandwagon.

Totally shut down these unregulated oil futures markets and this price of oil and gas will drop in half in a month. A few more weeks after that, the price of gasoline in the USA will be back down to about %1.75/gallon. For more info, search on terms, “oil futures speculation.” With this McSame’s already slim chances to be elected President will be nil/null/zilch. Cheers.

By: Lawyer Smith

Lawyer Smith — Tue, 24 Jun 2008 03:51:42 +0000

What’s next? She turns to Helen Thomas and shouts “Of course the invasion of Iraq was stupid! WMD! Bah-ha-ha-ha! Spreading Democracy, (snort)(tear), please you’re killing me,” and then grabs her gut and falls to the floor laughing hysterically.

By: Lawyer Smith

Lawyer Smith — Tue, 24 Jun 2008 03:44:31 +0000

Wow. Perino got something right.

Proof even a blind squirrel finds an acorn now and then.

By: Alejandro

Alejandro — Tue, 24 Jun 2008 03:35:25 +0000

What’s wrong about that statement? There is no quick fix for high gas prices.

But the first step is to get out of Iraq.

But “reliefbate”? Really? Sure. Gimme $450. I’ll take it. When you refund my entire federal income tax, I’ll let you know.

By: jb

jb — Tue, 24 Jun 2008 03:19:07 +0000

Reagan removed the solar panels that Jimmy Carter had installed on the roof of the white house…then set about dismantling every other program and idea to move us toward energy independence. GOP only represent the interests of Big Oil, Big military industrial corporations and Big Financial and Insurance and Big Ag. Workers and small independent people are merely a commodity to the GOP.

By: xtro

xtro — Tue, 24 Jun 2008 03:16:41 +0000

THERE IS a very strong solution to gas prices that will have an immediate, dramatic, and LONG TERM effect on gas prices. Introduce legislation to limit speculative investments in energy, and also strong regulation to oversee those trades.

Speculation is the #1 cause of the oil surge. Most economists will say its responsible for $25-$50 of the current price. In reality it more around $80-$100. The media is ignoring this 100%, but in D.C. there is a quiet battle going on. The politicians KNOW this is behind the oil crisis. Just read about how Goldman Sachs (which “predicts” $250barrel oil coming) are already lobbying hard to prevent oversight and restrictions on the speculation trading:

Wall Street Lobbies to Protect Speculative Oil Trades
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/18/AR2008061802732_2.html?sid=ST2008061801397

Now take a look at this. Obama’s very detailed plan to curtail the speculation market. I seriously believe this could get oil to around $50 a barrel in a year.

Obama calling on tighter regulation, investigation, of oil markets
http://blogs.suntimes.com/sweet/2008/06/obama_calling_on_tighter_regul.html#more

Now I say gas could get to $50 a barrel in a year because of the reasons outlined in this Businessweek article clearly show how speculation has created a bubble in the energy market, with investments going from around $20 the year Bush entered office to around $250billion today. It also exposes the record reserves, decline in demand, and massive glut of oil already on the market. The article also clearly exposes the disinfo being perpetuated by the Bush admin and market “insiders” on the reasons for the oil crisis:
http://www.businessweek.com/lifestyle/content/apr2008/bw2008041_945564.htm?chan=top+news_top+news+index_businessweek+exclusives

Oh, don’t forget Saudi Arabia just announced they are increasing production by 700K barrels a day, and is planning to put the infrastructure in place to increase production by another 3MILLION barrels a day. Restrict/regulate the speculation market combined with THIS will get oil around $50, add a strong dollar and you will see oil under $30 a barrel again. No joke.

By: bobwalsh

bobwalsh — Tue, 24 Jun 2008 02:37:39 +0000

There are no short term solutions, We the people blew it. Since the 1970’s the time of the first crisis, we have done very little to stem the situation. We accepted high prices in gas when they reached $2.00 a gallon. At first we looked at MPG and started buying foreign cars like Honda, Toyota, etc.
Through the 90’s to present we discarded the concern about oil consumption. Look around as your driving and observe all the SUVs and 4×4 pickup trucks.
Don’t blame the auto companies, we the people demanded these cars, nobody forced us to buy these cars. We elected congressmen that allowed auto companies to lapse on MPG.
It amazes me that within ten years in the sixties we were able to send a man to the moon but in 30 years we were unable to decrease our dependency of oil.
We will eventually become accustom to these prices and continue on our way of self satisfaction. There will be no solution because we Americans are fickle and uncommitted unless it stays in the fore front of the news.

By: gboxerlove

gboxerlove — Tue, 24 Jun 2008 01:40:46 +0000

As a mantra. All Democrats that have public forums should begin calling on all Republicans and more importantly all Big Oil Executives to put their money where their mouths are. If they are so confident that opening up new drilling sites will lower the price of gas, than they should be pledge to short the market with their own portfolios, and their own holdings. If we open a ‘test patch’ of offshore drilling they should be beholden to the results. They should invest where their ideologies and wallets converge. More drilling, lower oil cost, make them short the market with their own money. I guarantee not one will do it. Not one.

By: ForTruth

ForTruth — Tue, 24 Jun 2008 01:20:44 +0000

The solution is to stop using their g*damned gas. Americans are already showing how much they can cut back on use.

By: pete

pete — Tue, 24 Jun 2008 01:00:00 +0000

I’m with you Wayne. I haven’t driven more than a couple times a month in years. And that includes Minnesota winters. I seldom miss it.

By: pete

pete — Tue, 24 Jun 2008 00:58:05 +0000

Re. “speculators”.

The public does have one recourse there as well. Conservation.

If people buy less, retailers are forced to drop their price a bit. If consumption continues to fall despite reduced price (all it would take is three-four months)? Futures prices start down.

“The Market” can do the same thing to oil speculation as recently happened with mortgage speculation. And OPEC doesn’t have any say either.