Sunday, March 11, 2012

BloggeRhythms 3/11/2012

In an article on Fox News website this morning,  I once again confirmed my belief that the average politician is either too dumb to walk and chew gum simultaneously, or too crooked to be permitted the power they wield over the public and should be permanently locked up. Here's what the first paragraph said:

"Democrats in Congress increasingly are putting pressure on Wall Street speculators to pull back from the oil markets, effectively blaming them for the unseasonable spike in oil and gas prices -- which has caused a headache for the White House as well as cash-strapped families."

However, as usual, they either have the picture completely upside down due to stupidity or blindness to facts, or are trying to dupe voters into blaming business folks who are simply taking advantage of a market being manipulated by Democrats themselves. Because, what these Dem's seem to have failed to notice, or are simply covering up, is that it's they themselves, and especially their leader, that are specifically responsible for the rocketing price of fuel.

The most recent evidence of direct curtailment of domestic oil production stems from the president's own huge efforts to kill or delay the Keystone pipeline, which by itself will pressure prices down. Then there's the year-long campaign to prevent the return of full-scale drilling in the Gulf. Tie those two factors to the continual increase in regulations, taxes and production hurdles resultant of pandering to environmentalists and you have a nation that's lucky to produce any oil at all.

It also becomes more difficult to lower prices when the Energy Secretary himself testifies before Congress and says he thinks gas at the pump ought to cost nine or ten dollars a gallon as it does in Europe, because he thinks those backward nations have the right idea.  

So, when you add all of these factors up -and they're only the ones we see on the surface- there's little doubt about who's responsible for fast rising oil prices, and it isn't simply speculators. Because traders aren't driving the market but are simply responding to the opportunity arising from the president's wishes to drive U. S. production down and pump prices up. 

Consequently, if the Democrats really want to see oil prices decrease dramatically they need to pressure their leader to back off, not the speculators. And if they want to do even more than that to help, they ought to try convincing their leader's boss, George Soros, to move Petrobras from Brazil and begin oil production in the United States. 

That's it for today folks.

Adios.

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