Why are Republicans not even mentioning speculators when it comes to oil prices?
Not ONE Republican politician mentioned oil speculators, they are the reason for the high gas prices, but they just ignore it and blame it all on Obama's "anti-energy" policy. Are they getting tired of being in bed with Oil Companies all the time?
Asked By: Lizzy - 3/13/2012
Best Answer - Chosen by Asker
Do you blame speculators when the price of gas goes down... More
Answered By: Curtis 1911 - 3/13/2012
Additional Answers (16)
Republicans are in the pocket of big oil.
Answered By: Casey - 3/13/2012
Because they're idiots, or at least they think every one else is except them.
Answered By: eric - 3/13/2012
Because they rather blame Obama instead of facing the truth
Answered By: On the left and proud - 3/13/2012
Who do you think is buying futures?
Answered By: ingsoc1 - 3/13/2012
When Obama is predient the problem is speculators but with GWB it was all about his greed. The funny thing is, Obama led the charge against GWB blaming him for maliciously controlling oil prices and now he is crying that he as president has absolutley nothing to do with it.
Answered By: Mo - 3/13/2012
I'll mention it like this The same speculation that drives up oil prices is the same speculation that drives up your 401K. You do away with speculation and you do away with growth beyond the .5% you see when you put your money in a bank savings account.
Answered By: DontMakeMeComeBackThere - 3/13/2012
And what many people do not realize or understand is that big corporate banks own about 70% of all of the current oil futures. This means they own the rights to future oil reserves and by doing so they artificially keep supply out of the world market, thus manipulating the price.
Answered By: ndmagicman - 3/13/2012
I blame Rush. If Rush doesn't talk about something as important as this, conservatives are going to have no clue about it.
Answered By: The Original Liberal - 3/13/2012
No, speculative abuses aren't the reason...but republicans are half the problem, because our Gov. keeps building tensions with Iran...even though they don't even know if Iran is making nukes.
Answered By: Libertarian rebel - 3/13/2012
For those who think the President doesn't have anything to do with oil prices here's an idea. Freeze oil export levels. open up oil prospecting. None of this oil can be sold on the open market just domestically. That keeps the oil company's from selling there new found oil for greed,. helps keep our trade deficit in... More
Answered By: hedddon - 3/13/2012
I have heard many republicans in office as well as talking heads state that the speculation was part of the problem. Why they don't hammer that fact is because the other side states that is the only reason. Fine, we all agree that the speculation plays a role but, so does the frigging energy policy. For crying out loud... More
Answered By: y - 3/13/2012
Why are Democrats never mentioning the Federal Reserve's role? The Federal Reserve has worked to devalue the dollar because a weak dollar pushes the price of United States exports down, so it can sell goods to foreign markets at cheaper prices... More
Answered By: crash.override - 3/13/2012
Speculation enables hedging. Why are you opposed to hedging?
Answered By: Shovel Ready - 3/13/2012
Prices have to "yo-yo" to balance out market effects that would cause gas stations to accept all the loss when the prices go down. Its just like homes, people bought homes hoping to make a profit, and now they are sitting on a loss. If the sum of the daily increases and decreases averages out to allow the gas stations... More
Answered By: Eric - 3/13/2012
Now that you know the truth, you´re going to be labeled and... too late. http://www.ktla.com/videogallery/68438758/News/VIDEO-Gas-Prices-Still-Climbing-Eric-Spillman-reports
Answered By: Mysterio - 3/13/2012
Uh, because they're trying to falsely attribute oil prices to Obama to hurt his poll numbers and reelection. While actually driving them up themselves by beating the war drums against Iran. Not to swift today are you? Facts and reality don't matter. Never have mattered. FOX tells 10 million derpheads Obama did it and... More
Answered By: Ratz - 3/13/2012
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