Maybe we should all send our next gas station tab to the good folks at CME headquarters in Chicago. Surely they protest too much.
Given the market distortions at hand, it is time to set limits on the use of gasoline throughout the nation by mandating consumption ceilings that would apply to gasoline only, while alternative fuels would be unencumbered
Finally, President Obama has done what he should have done long ago, and what he promised he would do during his campaign. He is releasing 30 million barrels of oil and sending the speculators running for the hills.
We need our president to act on behalf of all Americans to counter and bring to heel the massive influence, lobbying power and money of the oiligopoly. The president does not seem to understand what is happening at the gas pump.
What galls most Americans is the manner in which Wall Street rewarded itself after it was the public that took the risk of bailing them out.
At $80 a barrel, an excess of one billion dollars a day is being lifted from the pockets of the American consumer through higher gas prices, heating bills, lost jobs because of higher industrial feed stock costs.
Peak Oil Pranksters and their geologist sidekicks have been the purveyors of one of the great con jobs in history: that oil and gas are a biological phenomenon.
There is a great deal the president could do to change the psychology of the oil market and put downward pressure on prices. We don't have to accept $4/gallon oil on a permanent basis.
In good times, Free Enterprise works well for some people. In bad times it doesn't work well for anyone. Believers in the mystic efficacy of the market call this the business cycle.
With Bush leaving town, the air is going out of the price of oil.
Against the interests of the nation this administration has permitted, even encouraged the dramatic transfer of wealth to oil interests in dimensions beyond the fondest dreams of Croesus.
While our administration has done little and Congress not much more to get the oil monkey off our backs, we have Paris Hilton proposing enlisting industry, labor and government to a higher calling.
