Obama speculates, Nancy blames the speculator
“Independent reports confirm that speculators are driving up the cost of oil, hurting consumers and potentially damaging the economic recovery. Wall Street profiteering, not oil shortages, is the cause of the price spike. In fact, U.S. oil production is at its highest level since 2003, and millions of acres have been cleared for additional development.
“We need to take strong action to protect consumers from this speculation. Unfortunately, Republicans have chosen to protect the interests of Wall Street speculators and oil companies instead of the interests of working Americans by obstructing the agencies with the responsibility of enforcing consumer protection laws. They have also repeatedly opposed our efforts to end billions of dollars in outdated taxpayer subsidies for oil companies enjoying record profits.
“We support efforts by the Obama Administration to expand domestic energy resources, including natural gas and renewable sources like wind and solar that create jobs in America and will end our dangerous dependence on foreign energy supplies. This can be achieved because today, the United States currently has more oil and gas rigs at work than the rest of the world combined, and imports of foreign oil have decreased.
“We call on the Republican leadership to act on behalf of American consumers and join our efforts to crack down on speculators who care more about their profits than the price at the pump even if these spikes harm the American consumer and our economy.”
First of all, this isn’t anything new:
See that spike in late 2010? Nancy had nothing to say then. Probably because Obama was telling us something completely different then:
Higher gas prices were necessary…….
But, then, again, once HIS people started complaining about what HE promised would happen, he has this to say:
And Nancy Pelosi immediately changes her story. Now, it’s unnamed “independent reports” blaming it all on “speculators”. The price of gas is high. But, either she’s lived patiently with those “speculators” since last year saying nothing, or something has suddenly changed her mind. But, the price of gas isn’t suddenly higher than it was four years ago, it’s been higher the ENTIRE four years Obama’s been charge. Those “speculators” apparently didn’t appear until Obama showed up. The bottom line is it’s not “speculators” who have been doing this for fifty years. They speculate on the price going DOWN as much as they do it going up. They make their money on it moving either way. So, that doesn’t make any sense either. I know that’s too complicated for CNN to handle. But, I’m guessing my average reader here gets it.
I call Nancy’s bluff and flat out accuse her of lying.
Who are those “independent reports”?
Who are those “speculators”?
Why did Obama say the price would go up when he was running? And when it did, say it was someone else’s fault?
There’s a lot of BS coming from the Democrats right now.
