Obamacommie Attempting to Take Over Oil Market

Yup, we all knew the little commies had their eyes set on “socializing” the oil industry when Maxine Waters let the cat out of the bag a couple of years ago while arrogantly grilling oil executives during a congressional hearing:

Now, in the spirit of never letting a crisis go to waste, the resident Commie-in-Chief is ready to roll with the plan:

Obama to pitch $52M plan to regulate oil markets
Published April 17, 2012 – AP via FOXNews

WASHINGTON –  Under pressure to take action on rising gasoline prices, President Obama wants Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions.

The White House plan, which Obama was to unveil Tuesday, is more likely to draw sharp election-year distinctions with Republicans than have an immediate effect on prices at the pump. The measures seek to boost spending for Wall Street enforcement at a time when congressional Republicans are seeking to limit the reach of federal financial regulations.

Obama plans to spell out his $52 million proposal Tuesday at the White House, where he will be joined by Attorney General Eric Holder.

Republicans have been hammering Obama on his energy policies, recognizing the political cost of high gas prices on the president. Obama’s plan would turn the tables on Republicans by taking aim at Wall Street’s role in the oil price chain.

Senior administration officials who put together the proposal said it aims to detect and deter illegal manipulation by energy speculators, the type of practices that many Democrats blame for the high cost of gasoline. The officials spoke on the condition of anonymity to discuss the plan ahead of Obama’s announcement.


Explore posts in the same categories: Abuse of Power, Obama Sucks, OPEC, politics, Socialists

4 Comments on “Obamacommie Attempting to Take Over Oil Market”

  1. tgusa Says:

    Bone in the nose central planning. Have you ever visited Waters district? No, you perobabbly haven’t if you don’t look like one of obamas sons. It is a hellhole that rivals any other hellhole in the world. Every building in her district has barred windows and steel security doors. If I wanted to end up eating out of a trashcan I probably would listen to what Waters has to say. I have known people with massive head injuries that showed a better grasp of the world around them. The fact that a person such as this is on any committee is the real insult to us all. The rest of the world must be thinking boy will it be easy to take over that bunch of morons.

    Manipulation, like taxes on fuel being up around a dollar in one state while down around 30 cents in another? Manipulation, like getting our oil from the enemy while obstructing what we can do with our own oil right here? Its only glowbull warming of we get it here. We have a group of retards in DC and they will turn the entire country into maxines hellhole. I am really becoming despondent that we have to continue to live with these thieves. Democrats should stick to what they do best, handing out welfare checks. Besides, when you dont have cars who really cares what prices and taxes are?

  2. tgusa Says:

    If you compare what is going on here in the USA with the laws and regulations that national socialist Germany of the 1930s you will find that there is almost no difference, history is repeating itself. I understand that blacks have a very limited understanding of historical world events but I will be damned if I will join in in repeating that history. Its ok to be ignorant, belive me, I understand, I feel your stupidity, but do not expect us to join in.

    Do you know what the national car in national socialist Germany was? The Auto Union, what else.

  3. Pete Says:

    I have long believed to pay off our national debt we need to nationalize the oil industry in the US – NOT nationalize exxon or chevron or any other oil company (they have oil interests outside the US) but the drilling on federal and state land. According to http://money.cnn.com/2008/03/13/news/economy/gas_gallon/index.htm it cost in 2008 about $24.50 to drill, pump, refine and deliver a barrel of oil which contains 53.5 gallons of gasoline. The government should build at least 3 new state of the art refineries, upgrade all existing refineries. If the government gas stations charged $2.50 a gallon regular and $2.00 a gallon diesel, the difference between drill, pump, refine and deliver and the cost to the consumer would go to the US treasury to pay down the national debt and some to the states to offset the state taxes.

    Coal also could be converted to fuel, to get us off this ethanol garbage (using our food for fuel is insane) and you know Adolph did not pay $60 a barrel for his fuel and the technology is far better today. Any oil or gasoline over what the country actually used would be sold on the open market at market prices and that money also used to pay down the national debt. One extremely important thing is that congress should NEVER get their hands on this money, if they do, they should be tried for high treason and shot. The national debt (if congress could only balance the budget and obummer does not drive up the debt much more) could be paid off in about 5 to 6 years.

    Putin did it in Russia, nationalized the oil industry, and pumped oil from one end of Russia to the other and the Russians are far better off to day. Russia has virtually no national debt, the Russian navy which was rusting and sinking in its harbor now sails around the world, the Russian army which had one of the highest desertion rates mainly because the soldiers were starving, now turns enlistees away, they have state of the art equipment (at Russian standards) and no one goes hungry, in and out of the military.

    Now I know free market people will be appalled by my suggestion BUT these are desperate times and desperate times call for desperate actions. Just voting obummer out of office will not solve our problems.

    • Big Frank Says:

      I agree with China and India having a huge thirst for oil selling our excess could go a long way to get the yoke of debt off of our necks. However our ‘Dear Leader’ would rather drive us into economic slavery and servitude. It has been said the the debtor is the slave to the lender.

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