Chop Licking: How Obama Uses Falsehoods to Advance His Policies

Last week we all got a great lesson in how the left promotes a lie to make Republicans the enemy and this time President Obama was a chief participant.

This is how the game is played: the left-leaning media establishment makes a claim about how rotten Republicans are and Obama then echoes the claim and presents it as the true state of Republican opposition to his policies. The result is that we have a partisan opinion foisted on the public as truth about how mean the GOP is to this poor, well-meaning president. A false media narrative is established by the partisan press, politician adds said meme to a policy speech, presto-chango, a political “fact” is born. But it’s all just a partisan hit job masquerading as fact.

We are talking, of course, about President Obama’s claim that the GOP is “licking their chops” over the bad news of high gas prices. This is the line uttered by the president in his most misleading energy speech delivered in Florida on February 23.

In that speech, President Obama claimed that Republicans were happy that gas prices were hurting Americans. Obama intended to show that Republicans didn’t care that America was hurting, happy they could use it as a political tool to hurt the president and his well-meaning policies.

Here is what he said:

“Some politicians, they see this as a political opportunity. I know you’re shocked by that. Last week the lead story in one newspaper said, ‘Gasoline prices are on the rise and Republicans are licking their chops.’ That’s a quote. That was the lead. Licking their chops. Only in politics do people root for bad news. Do they greet bad news so enthusiastically.”

Note how Obama uses the partisan slam, published in “one newspaper” written by a left-wing writer and presents this as fact about how Republicans feel about rising gas prices. Note that Obama didn’t quote any actual Republican saying rising gas prices is a good thing. He quoted one of his own follower’s partisan claims and then assigned that false narrative to his political enemies.

In your college debate class you’d call this a strawman argument. Using the claim of a partisan to represent the enemy’s position is what the rest of us usually call a lie.

This “one newspaper” that Obama is claiming to quote from is likely the left-leaning website Politico whose February 16 story begins with the line, “Gasoline prices are on the rise, and Republicans are licking their chops.”

It was Politico that said Republicans are “licking their chops,” not any Republicans.

Tellingly, not one of the reports in the news over the ensuing days tried to track down what “one newspaper” Obama was claiming to quote. It almost seems as if the rest of the Old Media assumed he was lying about the quote, but didn’t much care anyway because the slam on Republicans was too good to check.

Obama went on with his false narrative:

“You pay more, they’re licking their chops. And you can bet that since it’s an election year, they’re already dusting off their three-point plan for $2 gas. And I’ll save you the suspense. Step one is to drill and step two is to drill and then step three is to keep drilling. We heard the same line in 2007 when I was running for president. We hear the same thing every year. We’ve heard the same thing for 30 years. Well, the American people aren’t stupid. They know that’s not a plan, especially since we’re already drilling. That’s a bumper sticker, it’s not a strategy to solve our energy problem.”

Investor’s Business Daily called this a “whopper” of a speech and noted at least five areas that Obama simply didn’t tell America the whole truth.

In fact, the president has been one of the biggest cheerleaders for higher energy prices.

Over at Rat’s Blog, Michael notes that gasoline was at a low of $1.91 a gallon in some parts of the country when he took office, now gas it’s about $3.39 per gallon, he gives us a very useful list of Obama’s real energy policies, ideas that are tailor made to increase our gas prices and hurt America.

Some of Obama’s latest policies:

  • December 1, 2010 – Obama re-imposes and expands the moratorium on offshore energy production. Gas is $2.86 a gallon.
  • January 2, 2011 – TIME reports that the Obama Regime issued the first in a series of regulations designed to unilaterally impose a national energy tax. Gas is $3.05 a gallon.
  • May 5, 2011 – The Regime issues a formal statement opposing House-passed Restarting American Offshore Leasing Now Act (H.R. 1230), and Putting the Gulf of Mexico Back to Work Act (H.R. 1229) legislation designed to jumpstart American energy production, address rising gas prices, and help create new jobs. Gas is $3.96 a gallon.
  • June 21, 2011 – The Regime opposes the House-passed Jobs & Energy Permitting Act that would unlock an estimated 27 billion barrels of oil and 132 trillion cubic feet of natural gas. Gas is $3.65 a gallon.
  • November 8, 2011 – The Regime releases a plan for a five-year moratorium on offshore energy production, placing “some of the most promising energy resources in the world off-limits,” according to the House Natural Resources Committee. Gas is $3.42 a gallon.
  • January 18, 2012 – Obama rejects the bipartisan Keystone XL pipeline and the more than 20,000 jobs that would come with it. Gas is $3.39 a gallon.

Michael has more to the list at his site.

Let us also not forget that Obama was earnestly attempting to make our electric prices “necessarily skyrocket” back in 2007 when he was running for president. This president has a long track record of trying to hurt America with higher energy prices.

The upshot of this whole speech is that Obama used the claims of liberals about what Republicans think, presented that false narrative as “fact,” then lambasted Republicans based on those false claims. On top of that he went on with his speech ignoring his own actions that contributed to the problem he is pretending he’ll solve, then presented policy ideas to “fix” the problem he arguably caused.

Yet, no one in the media points out this false line of attack. The Old Media merely reported it straight on as if it were all simply a fact-based policy speech instead of a screed full of calumnies and lies. But this is the way Obama carries on in every speech he makes. He makes false claims of his enemies then goes on as if the claims are fact.

When will the media call this president on his nonsense?

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  • SoBeRight

    Heck, when you’ve got mega-millionaires like the Koch brothers jacking up oil prices, of course the wackos on the right are cheering.

    They’re doing their best to sink our country, so they can remake it in their creator’s image.

    After all, wasn’t it Romney who said he hopes Detroit goes bankrupt?

    Gotto to love someone who is running for president on a platforn that wants America to fail.

    • Gmacr1

      If you don’t have facts, don’t make the claim.

      IE, You’re lying just like the SCOAMF.

      • GarandFan

         Gmacr1 – the Kool Aid is strong in that one.  Notice how he worked the obligatory “Koch Brothers” into it.  Bet he gets points for that.

      • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

        Speculators are hurting the oil market while getting rich.  Source

        Mitt Romney has said repeatedly he didn’t approve of the car bailouts.

        • Gmacr1

          I didn’t approve of the crony capitalism that took place there either. Especially how they totally ignored established bankruptcy laws and place their union pals at the front of the line and shafted the creditors investments.

      • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

        Speculators are hurting the oil market while getting rich.  Source

        Mitt Romney has said repeatedly he didn’t approve of the car bailouts.

    • PBunyan

      “Gotto to love someone who is running for president on a platforn that wants America to fail”

      I bet that somehow you totally missed the irony of that statement, coming from an Obama lover like yourself.

    • GarandFan

      The only place “Let Detroit Go Bankrupt” is in the title of the article.  Romney outlines how a managed bankruptcy could save the auto industry.

      Nice try. 

    • Sky__Captain

      Anybody else notice that when a Wizbang post critical of the SCOAMF is posted, Fish-for Brains is the first post there, defending D’OHbama?

      One would think Fish-for-Brains has some sort of automatic notification system.

      Of course, in this instance the aforementioned idiot had to use lies to defend the SCOAMF’s lies, stating much about his character…

    • http://pulse.yahoo.com/_W6UJJOM4PP4XLSBG6N4LROVSQE Retired Military

      Gee I seem to remember that Obama said “under my policies energy prices will nescessarily skyrocket”

      His policies are implemented and prices skyrocket yet Stephen here blames the koch brothers. 

      • Meiji Man

        SO….Obama is so incompetent that he couldn’t even raise gas prices on his own and had to get the Koch Brothers to do it for him?

    • warnertoddhuston

      Sorry, but the claim that the Koch Bros are “jacking up oil prices” is an outright lie. Koch Industries have NOTHING to do with gasoline. They are an oil research and drilling company! They own no gas stations, no gas refineries, no gas anything.

    • 914

      Yes, so that’s why you love Barak ‘flub nuts’ Obama.

      Now finish your Pina Koolada and shut up..

  • http://pulse.yahoo.com/_EJGOSD7BRBBY4ZQQEUCFQU4GHU W

    I’m not a Romney fan but I pretty sure he didn’t say what ZGoFish claims. It is probably once again an example of the left making things up.  The left have gotten away with lying and making stuff for so long that they may not even be aware they are do so.

    • SoBeRight

       Google it. Then apologize.

      • SCSIwuzzy

        “These companies need to go through managed bankruptcy””No way would we allow the auto industry to totally implode and disappear.  It would go through bankruptcy.” 

        Not quite wishing that the city of Detroit goes bankrupt.

        • SoBeRight

           

          In November 2008, Romney penned an oft-cited opinion piece for the New York Times laying out his position. The piece was entitled “Let Detroit Go Bankrupt.”

          http://www.nytimes.com/2008/11/19/opinion/19romney.html

          • TomJB

            First of all, “Detroit” is used as a short-hand name for “US Automobile Industry” since it is greatly based in and around the city of Detroit.  GM and Chrystler *should* have had to go through bankruptcy.  The falsehood many keep pushing is that people who thought thus were hoping these companies would fold up shop and disappear, taking tens of thousands of jobs with them.  So take your own advice, ZGoFish, and “Google it” – bankruptcy.  Many, many, companies go through it and come out the other side better, with expansion potential ahead.  Even those that do go out of business, do you think the factories just get shuttered and the jobs gone?  No, its expensive to build a factory from scratch; other automakers would buy the existing facilities and produce their own vehicles, all under a business model that is at least better than the previous owner of said facilities – after all, they are well-off enough to expand in the current market.

            Secondly, you do know that when people pen opinion pieces to newspapers, they do not write the headline, don’t you?  The NY Times got the letter, ran it, but it was their editorial board that wrote the headline.

          • SoBeRight

            “First of all, “Detroit” is used as a short-hand name for “US Automobile Industry” since it is greatly based in and around the city of Detroit. “

            And the city of Detroit survives and falls on the health of the auto industry.

            If the automakers go bankrupt, so doed Detroit.,

            But hey, lots of non-white people in Detroit. Fugh ‘em.

          • SCSIwuzzy

            In which he is discussing the auto industry. Not the city

          • SoBeRight

             If the auto industry fails, so does Detroit.

          • Gmacr1

            Detroit failed as a city long before the auto manufacturers started downhill.

        • SoBeRight

           

          In November 2008, Romney penned an oft-cited opinion piece for the New York Times laying out his position. The piece was entitled “Let Detroit Go Bankrupt.”

          http://www.nytimes.com/2008/11/19/opinion/19romney.html

  • http://pulse.yahoo.com/_G7YIUZMXOD5JGZZTCYMVA75KFU Shadow

    A better question would be “When are Republicans going to point out the lies and show the truth about Obama using his own words?”   The proof exists and it isn’t necessary for a candidate to utter a single word.  Just play the clip from last week and the clips of Obama before his campaign on his wish to increase energy costs.  This is easy and is just one of many detrimental statements and actions by Obama.  So why don’t they speak up?

    It is painful but I have accepted there really isn’t much difference in any of them.  They talk a good game for elections but care only for themselves.  The future of our country isn’t looking so bright.

  • Gmacr1

    Never forget he campaigned on the promise of raising the price of energy.

    • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

      Which means nothing since the president has nothing to do with the price of oil.

      • http://profiles.yahoo.com/u/EU5DQWQTTHTPO4A4ZYSL3AAV2U Adjoran

         Making sure there’s no drilling in the Gulf, no new permits on federal lands, no Keystone pipeline . . . “nothing to do with the price of oil”?

        Leave aside the EPA war on coal which will force all energy costs upward, too.

        Of course, to lying leftist scum, when Bush was President, he and Cheney had complete control of it – even though they pushed free market policies which gives government less control.

        Leftists can’t put together two sentences without lying.  It’s genetic.

        • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

          Adjoran, do you read anything?  Let me help you out.

          Domestic energy production has quadrupled under Obama.  It’s hit a high from the last eight years.

          So the US is a net exporter.  Meanwhile the problem as I showed in another article above shows that speculators are making a killing.

          So, it’s time for you to read up and quit trying to be an ass.

          • Sky__Captain

             Nice try, Jay – but I don’t think D’OHbama deserves much credit:
            http://www.bluegrasspundit.com/2012/02/chart-of-day-oil-and-gas-production.html

            But then, that’s just more of the lies…

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

            No shit Obama doesn’t deserve the credit.

            I said that and yet Adjoran decides to come out with some leftist crap that is irrelevant.

            Then you’re coming out with a chart that has no basis on the argument.  I was talking about the last 8 years.  You’re bringing up only two.

          • http://www.rustedsky.net JLawson

            I believe if Obama COULD figure out a way to legislatively cut all domestic fossil fuel use that wouldn’t involve immediate impeachment, he’d do it – and damn the consequences to the economy.

            If you go by the psychological theory of projection, accusing your enemy of what you’d want to do yourself but know it’s wrong – then he’s well and truly ready to shove us back to a medieval agrarian society. (Assuming, of course, he and his cohort can stay at the top of the heap and still use fossil fuel to power THEIR necessary transportation.)

            Ideology vs reality – you’d think it’d be a no-brainer, right?

          • SoBeRight

            Which only proves you’re a crazy mofo half-wit.

            Seriously. No wait, there is no way to take what you’ve written and be serious about it.

          • Sky__Captain

             Now that is a classic case of projection, people!

          • pizz

            Yea, I take it seriously.
            You’re an ignorant right
            wing selfish zealot who’s
            only real agenda is to
            get the black kenyan muslim out of office!

          • SoBeRight

            lol. Yeah, that’s me.

          • pizz

            Proud and
            ignorant!

          • SoBeRight

            Yep – you’re one smart cookie.

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

            WTF does this crap have to do with the argument at hand?  Not one damn thing.  I don’t give a damn about what you think Obama is.  I don’t give a flying Fig Newton if you thought Obama was the second coming of Jesus or not.

            Quite frankly if you can’t sit down and show how Obama has nothing to do with oil prices, then GTFO of the conversation and quite bringing up this useless rhetoric.

          • http://www.facebook.com/people/Ryan-Murphy/100001624276605 Ryan Murphy

            Permits take four years to work their way to production.  FOur years ago, Jay, who was president?

          • 914

            If this lackwit of a president had half a clue, he would issue an executive order and bypass the permit process and win re-selection. 

            But as we have witnessed over and over from Barry lackwits, a clue bat is forever out of reach..

        • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

          Adjoran, do you read anything?  Let me help you out.

          Domestic energy production has quadrupled under Obama.  It’s hit a high from the last eight years.

          So the US is a net exporter.  Meanwhile the problem as I showed in another article above shows that speculators are making a killing.

          So, it’s time for you to read up and quit trying to be an ass.

        • pizz

          You don’t give a shit about the environment, climate
          change, pollution, nothing. You only give a shit about
          getting rid of that Kenyan Muslim President.

          Hey if you and your family live downwind from those stinking, polluting refineries, I bet your bat shit crazy right wing opinion
          might be revamped. 

      • http://profiles.yahoo.com/u/EU5DQWQTTHTPO4A4ZYSL3AAV2U Adjoran

         Making sure there’s no drilling in the Gulf, no new permits on federal lands, no Keystone pipeline . . . “nothing to do with the price of oil”?

        Leave aside the EPA war on coal which will force all energy costs upward, too.

        Of course, to lying leftist scum, when Bush was President, he and Cheney had complete control of it – even though they pushed free market policies which gives government less control.

        Leftists can’t put together two sentences without lying.  It’s genetic.

      • Mr Kimber

        How come Bush was responsable for the rise in gas prices and Obama is not . There is proof in Obama saying he wasn’t bothered by higher gas prices…just not so fast…I can guess why he feels that way.

        • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

          Kimber, I said not one word about Bush.  Leave that argument for someone that brought it up.

          • Mr Kimber

            The Media, OBAMA .and all Democrats were all over Bush about the price of oil in 2007. I simply ment why the double standard?

        • SoBeRight

           Obama didn’t start a phony war on terror/muslims and destabilize the whole damn region.

          Now we have Iran’s saber rattling contributing to oil traders speculating and running up the price of oil — just like they did when Bush was President.

          Cause it still stems from the middle east unrest.

          • Sky__Captain

             IIRC, your so-called “phony war” was started in the 1990′s by Osama bin Laden.

            If you’re going to blame a US President, it would have to be Bill Clinton.

            I wouldn’t blame Clinton for starting it, though. You would.since you want to blame a US President…

          • http://pulse.yahoo.com/_425GVKQCLFZMQYYENR7CJBRDVA jb

            You do know that Osama Bin Laden had nothing to do with Iraq, right?

          • Mr Kimber

            Iran has been “saber rattling” since 1979 no matter who was President .You and Jay should stop cherry picking. Remember when Bush publicly stated we were going to start drilling for our own oil the prices went down seemling over night…it could happen again…but noooo…not with this guy in the WH.

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

            Kimber, look back at 1953. 

          • Mr Kimber

            What does that mean?

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

            Iranian opposition started when the US got involved with their politics.  I guess the idea of blowback is lost on you.

          • pizz

            Sorry, I am all over this site and not directing
            my comments correctly. Keep up the fight!

          • SoBeRight

            You’re pissing on everyone regardless of what they wrote, and obviously not smart enough to not piss on your own foot.

            Go away, you’re not needed here. You’re hurting the cause, find someplace else, asshole.

            And I mean “Asshole” in the nicest way. Just leave.

          • pizz

            Jesus Christ, how many times do I
            have to apologize. I am usually
            on safe sites this one has my head
            spinning. A little a.d.d.

          • SoBeRight

             Your apology means nothing. Act like an adult or leave.

          • pizz

            And exactly what am I
            doing wrong except
            fucking up on the 
            recipients of my posts.
            Who died and made you
            captain of our cause?

            Don’t pull that bull shit
            teacher stuff on me
            anymore. 

            Someone realizes they
            made a mistake, tries
            to apologize and gets
            your shit? 

            lol

        • pizz

          Because Bush is oil. He reeks of it, loves it and never
          would consider any kind of regulation to prevent them
          from doing anything they want!

          • Mr Kimber

            You mean it is ok for the media to have a double standard for Obama because he is not an oil man???

      • Mr Kimber

        How come Bush was responsable for the rise in gas prices and Obama is not . There is proof in Obama saying he wasn’t bothered by higher gas prices…just not so fast…I can guess why he feels that way.

      • SCSIwuzzy

        Then why did he (O) attack Bush on the price of gas while running in 08?

        • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

          The economic meltdown occurred in 2007.  There was plenty to attack when Obama was acting like a Progressive.  Keyword here:  acting.

    • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

      Which means nothing since the president has nothing to do with the price of oil.

  • ackwired

    High gas prices are going to help elect Republicans.  They would be crazy not to be happy about it, even though they can’t express it openly.

  • Sky__Captain

     I do remember clearly that in 2008 the high gasoline prices were the fault of the eeeeevil Big Oil companies and George Bush.
    This is according to the lamestream media and the leftist logic (an oxymoron if there ever was one).

    So, applying the same “logic” in 2012, it is the fault of the eeeeevil Big Oil companies and Barack Hussein Obama.

    Case closed.

    • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

      Wrong.  The Koch brothers are speculating on the market.  In fact, the demand for energy has gone down, but the prices are going up for global oil.  The Koch brothers made made a pretty shrewd move in holding four supertankers for higher prices in the future.  And guess what, those same brothers are the ones buying off the GOP.  But I guess having facts show how speculators are manipulating the market doesn’t stop the wild attempts to accuse Obama of everything under the sun.

      Granted, the big banks (Goldman Sachs) are still pretty powerful in buying off Dems and Repubs so they’re still getting a sweet deal from their legalized bribery.  But neither party is walking away from this crony capitalist deal unscathed.

      • Mr Kimber

        Prove what you say and please don’t bring up MMfA.

        • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

          You need to be specific on what exactly needs to be proven.

          You want me to prove energy production has gone down while the price of global oil has gone up?

          The four supertankers were being held back because the Koch brothers were speculating?

          Or do you need me to show how the GOP is bought off by the Koch brothers to do their bidding?

          It’s a fact that speculators make up 64% of the oil trading market and can hold back supply.  Meanwhile, the entire Iran scaring is all about making the price of oil shoot up.

          So unless you want me to talk about how Steve Koonin (BP) or Guy Karuso (Former Chief of EIA) and how they’re saying that global oil prices are still hurt by a few system shocks, then we’re going to have to go back and forth about how “calling for energy independence is a political slogan” (Karuso)

          • TomJB

            Yeah, Koch industries is manipulating the world oil market.  They aren’t even in the 2011 Forbes Global 500 yet somehow this tiny player is able to cause HUGE swings in the price of oil, despite 6 of the top 10 companies in the world being oil companies.  If it did cause a change, it would be a few pennies for a few days (less than Pres Obama’s opening of the Strategic Reserve that did nothing significant either) while new supply filled in the demand – if they were to then dump it, it would actually end up lowering the spot price, despite what their powerpoint says.   Now, if you said Royal Dutch Shell (#2) was driving the price up by filling tankers and waiting for better pricing I’d say maybe, though you don’t become the second biggest company in the world by letting your tankers sit idle while hoping for better prices, you run the things back and forth between supply points and customers as many times as possible to increase volume and thus revenues.

      • Sky__Captain

        Go read my post again.

        If I am “wrong”, then so were all the leftists in 2008. That includes the lamestream media and all the Democrat/Marxists, including Dear Leader.

      • Hank_M

        I don’t think the over 4 year  old article you referenced supports what you wrote.

         The article you linked was “Last Updated: December 5, 2008″

        And if you read the article, Koch Supply & Trading bought 3 supertankers to store the oil as ” some big investors … can’t secure storage on land”.

        • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

          This is economics 101.

          You hold back supply for a higher price on demand in the future.  How do you miss that?

          • Brucepall

            Jay,

            Right now Cushing, OK is at maximum storage capacity.
            Future contracts for delivery exceed America’s annual consumption by 240%. Think those contract holders will ever take delivery?  Duh.

            But a gallon of gasoline is still rising in price.

            Still can’t figure it all out, can you?

            Guess you think the US dollar is a fixed pillar of stability, huh.

            And you passed ECON 101?

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

            The dollar has NOTHING to do with this:

            While tension over Iran has ratcheted up over the last few months, the price of oil and gasoline has leaped far beyond conventional supply and demand variables. Financial speculators are piling into the market, torquing the Iranian fear factor into ever-higher prices.

            “Speculation is now part of the DNA of oil prices. You cannot separate the two anymore. There is no demarcation,” said Fadel Gheit, a 30-year veteran of energy markets and an analyst at Oppenheimer & Co. “I still remain convinced oil prices are inflated.”
            Read more here: http://www.mcclatchydc.com/2012/02/21/139521/once-again-speculators-behind.html#storylink=cpy

            Further, I already stated why the price of gas is increasing. Why not read a few of the other posts here instead of your ignorant tangents?

          • gulfkraken

            That is weapons grade ignorance there Jay.  Have you looked at the price of gold lately?  The dollar has everything to do with it.  Price the current stock market in a normal commodity like gold, silver, even wheat, and the market is flat.  Has been since Barry took office.  QE1-3 are destroying the value of the dollar, decreasing real earnings, while making gas too expensive and propping up the market with phoney values. 

            There is no recovery. 

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

            gulf, I’ve explained in four posts how it’s speculators that are the problem here.  I can get into how the speculation on oil and how the Koch brothers are holding back supply to have a short term increase in the price on oil.

            My argument has been that regardless of who is in office, whether it’s Bush, Obama, or the Olsen twins, they don’t have a thing to do with the fact that the speculators are gaming the market and have done so for quite some time.

            This speculation is costing ~$600 dollars from the pockets of everyday citizens.  We have enough oil and our demand has went down as I stated elsewhere.

            What I’m taking from people’s arguments is that we have to look at the dollar.  However, this is irrelevant to what’s going on in the world market for oil.  You are not going to affect gas prices by a weakening dollar a lot.  The price for a barrel of oil is increasing by $.20-$.40 a barrel and going higher.  This is not explained by a weak dollar.  ZGoFish got it right at the top.  The Koch brothers are jacking with oil prices by withholding tankers of supply.  Why is no one talking about this point but instead bringing up irrelevant points about the dollar?  The dollar does not answer the actual questions here.  That’s the problem.

            Here is the question that needs to be answered:

            That same week, open interest, or the total outstanding oil contracts for next-month delivery of 1,000 barrels of oil (about 42,000 gallons), stood near an all-time high above 1.486 million. Speculators who’ll never take delivery of oil made up 64 percent of the market.

            Not surprisingly, big Wall Street traders on Tuesday projected oil will rise above $112 a barrel; some such as Swiss giant Vitol even suggested $150-a-barrel oil is coming soon. When they dominate the market, as they do, speculators’ bids can make their prophecies self-fulfilling.
            “These people are not there to be heroes. They are there to make money. It’s our fault because we are allowing them to do that,” said Gheit. “Obviously these people are very strong, and the financial lobby is the strongest of any single lobby. I’ve been in this business 30 years, and I can tell you I think this is smoke and mirrors.”

            Why is it that speculators make up 64% of the market and are able to jack up the price when the demand for oil has gone down?
            Because they bought the Republican party as I showed earlier.
            Read more here: http://www.mcclatchydc.com/2012/02/21/139521/once-again-speculators-behind.html#storylink=cpy

          • TomJB

            Jay, do you own any stocks? mutual funds? etfs? Participate in a 401K or have a pension?  Guess what, you’re a speculator!

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

            No.  Keep on topic Tom.  I can’t speculate on the grand scale that Koch can by holding back supertankers for increased profit.  Nice narrowing of the topic though.

  • Brucepall

    So this partisan hooey is “leadership” from our President?

    The more he opens his mouth and makes speeches, the more I think he will go down in

    electoral defeat come November … its going to be a landslide.

    Semper Fidelis-

    • Sky__Captain

       Yeah, everybody seems to have forgotten what happened in November 2010, haven’t they?

  • Hank_M

    Really, once the incompetent in Chief suggested we can solve our energy woes with friggin algae, there’s no need to listen to him anymore. And the more he tries to deflect the blame, the more inept and stupid he sounds.

    He’s defenseless on this issue. He knows it. The media knows it. His policies have made our energy situation the disaster they are today.

    The good news is that he knows he’s going to take the blame for this.
    He doesn’t like it. He resents it and he’s lashing out.
    No one is buying it. He knows that too.

    • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

      Hank, where’s this disaster you speak of?  Be specific.  Especially considering that I’ve just shown that our national production is quadruple the amount in the US.

      Oh but if I criticize Republicans for not wanting to keep all oil produced in the US, it must be a “liberal catastrophe”…

      Particularly this shows that Republicans don’t give a damn about oil being kept here in the US.

      Then you have to see why they vote against it.

      Also, the Keystone pipeline wouldn’t impact production.

      So…  Where’s the disaster that is being caused by liberals?  Maybe it’s time to think for yourself, do some research, and see that demonizing Obama does nothing to fix the problems in America.

      • Sky__Captain

        How about the truly massive spending, which makes the dollars value fall.
        A devalued dollar means oil is more expensive.
        That makes gas prices rise.

        The disaster is the Obama presidency.

        • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

          Demand for oil has gone down in the US.  We have an oversupply from all of the production in the US.  The devalued dollar means nothing to global oil prices.  Further, it hasn’t answered all of the facts I’ve put forth.  Sorry, but that’s more of a red herring to this topic than those that want to believe the Koch brothers are innocent of speculating.

          • Sky__Captain

             Incorrect.

            Oil is traded in US dollars, so the devalued US dollar means EVERYTHING.

            This is Economics 101.

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

            The global oil prices and the fact that we have a glut means that the price should be going down.  It’s inflated.  Devalued dollar or not, it doesn’t answer how the price is jacked up in the first place.

          • TomJB

            Yes it does, Jay.  The world market for oil is indexed to the dollar.  Therefore, to use nice round numbers, if inflation would cause the dollar to fall to 50% of its value, everything indexed to the dollar would double in price; as the value of a barrel of oil hasn’t changed, but it now requires 2 dollars to buy what used to require 1.  Crude is by far the largest component of gas prices at the pump.  Inflation = higher gas.

          • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay

            The price of oil has changed though.  The price has gotten more expensive by $.20-$.40 on average.

        • Brucepall

          Bingo!

  • 914

    How he advances with falsehoods??  By moving his lips..

  • artman1746

    Never. That’s what propagandists do!

    • http://www.howbler.com/ Howbler.com

      I second that!!

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