Still amazing though that the neocons still don’t see a problem with prolonging the country’s dependence on oil.

As a remedy, he introduced H.R. 6377, the Energy Markets Emergency Act, which, if passed, directs the Commodity Futures Trading Commission (CFTC) to use its existing authority to investigate and limit excessive energy speculation.

Joe Lieberman is even eager to get in on the action. He’s trying to bar funds from commodities speculators altogether. Which is a BAD idea as hedge funds are historically necessary for commodities providers (particularly the smaller industries) to hedge against severe market price drops after bubbles.

Lieberman is also drafting separate plans to prohibit private and public pension funds with more than $500 million in assets from investing in agricultural and energy commodities traded on a U.S. futures exchange, foreign exchange or over the counter. Also a stupid idea because those same companies can form legal “swaps” with brokerage firms with less-than $500 million in assets to get around this loophole.

My theory is that he wants to get out front on this so as to protect his congressional insider trading friends’ cash cow.

If McCain picks her Alaska Gov. Sarah Palin, he’ll do it just as Bush signs the Farm Bill, which will also close the Enron loophole, held by industry experts as largely responsible for speculators causing the present-dayy oil price bubble.

Also, what about the 68,000,000 acres of federal land that the gas and oil industries currently hold drilling leases for.

Most of that property is miles off the coast or on some scrubland in Montana. Who wants to spend years exploring for oil in godforsaken places like that? All the oil company execs want is some nice beachfront property in Malibu or West Palm Beach to set up shop.

The Republican Party is a criminal organization.

When will McMaverick start laying golden eggs?

Maybe the McMedia knows…

.

Whatever it is that you are smoking, I’d quit it if I were you.

It is unsettling to read how divorced from reality you actually are. The US has more oil reserves that Saudi Arabia? Wow! You would be the world’s greatest magician if you can produce that much oil in the US out of thin air…

If it’s not scarcity, then what?
Oh, I don’t know–what about the PLUMMETING DOLLAR?
The fact tthat The Republicans are spending money like the entire Rusian Navy docked at the Atlantic City Casinos on a Free Drinks tourist plan?
Just dropping pallets of hundreds into contractors’ flatbeds, while dropping the tax burden on the wealthy? Borrowing from the Communist Chinese as if they were Uncle Prescott?
You know, if our dollar became stronger, elementary economics would tell you that the price of imports would go down.If the dollar suddenly jumped 20% in value, oil prices would get 20% cheaper. Just like that!
So what Kristol is talking about could happen, if Sarah Palin gets up and says “Vote Republican, because as soon as the geezer kicks it, I’m going to whomp up the income tax, dividend tax and estate tax on the rich until our budget gets balanced. Oh, and withdraw from Iraq.”
That could actually do it, you know.

We build a time machine, go back to 2002 and DON’T FU(KING INVADE IRAQ!!!

One expert said putting regulation on speculators would cut $2 off a gallon.

Don’t give tax breaks to pay one third of the cost of an accountant’s SUV.

Increase mpg on cars. I’ve been saying this for 25 years.

Plug-in electric cars with a solar panel on your garage. EV-1’s worked fine in the 1990’s everyone who had one loved it! roof.

whats the solution to gas for dems. using our food supply. more propaganda, and whining with no solutions.

And what is your answer for 170 dollar crude by December?

Blow some out your arse? That should work.

McCain – The Plummeter.

You are totally delusional. I have been in the oil business and was involved in the North Slope development. Your optimistic statement is just that: We won’t see any significasnt production from ANWR for 8-9 years, at the best.

And guess what; it is not easily refrined, is not ’sweet’ crude and will most likely end up in China or Alaska, just like our North Slope crude is as we speak.
It will have MAYBE a 2-3 Cents/gallon impact on our refined gas price but no more.

Anyone buying into this fanatsy, is just lining the pockets of the multi-nationals.