Energy
Taking aim at speculators (Rutland Herald)
March 11, 2012
By Bruce Edwards Vermont’s congressional delegation is once again taking aim at Wall Street speculators as a major culprit in driving up prices at the pump — prices that are likely to spike well above $4 a gallon this summer. But casting investment banks and hedge funds as the sole villains isn’t so black and [...]
Keystone XL Contract Reveals More Evidence Of Conflict Of Interest (HuffPost Green)
March 9, 2012
By Joshua Hersh WASHINGTON — The contract assigning a third-party company to investigate the environmental impacts of the Keystone XL project adds to questions about the impartiality of the study, after the document was shown to be a binding contract between the outside company and the company building the pipeline, not the State Department. The [...]
OpEd: Gouged at the Pump (Counter Punch)
March 7, 2012
By Ralph Nader Gasoline and heating oil prices are ratcheting up. In California, some motorists are paying over $5 per gallon. President Obama declared that “there is no quick fix” for this problem. Meanwhile, the hapless but howling Republicans are blaming him for the fuel surge as if he is a price control czar. Indeed, [...]
Oil Speculators Must Be Stopped and the CFTC “Needs to Obey the Law” (Daily Ticker)
Watch Bernie discuss curbing oil speculation on The Daily Ticker
“Over 80 % of the oil futures market is controlled not by end users – fuel dealers, airline companies, etc. – it is controlled by oil speculators, led by Goldman Sachs, Morgan Stanley & others.”
The real way to hold down gas prices (Salon)
By Gary Weiss Republicans have been stridently exploiting the gas price horrors facing motorists in what Steve Kornacki correctly observes is an indication of President Obama’s strength. Taking that thought one step further, I’d suggest that there’s an opportunity here for the Obama Administration to throw down the gauntlet to the GOP on this issue. [...]
Obama Fights Gas Prices By ‘Reconstituting’ Oil Speculation Task Force (HuffPost Business)
March 6, 2012
By Dan Froomkin WASHINGTON — President Barack Obama announced Tuesday that he has asked Attorney General Eric Holder to “reconstitute” a task force examining oil and gas speculation. But the task force, which Obama initially proposed last April when a big spike in gas prices sparked public outrage, has met only four or five times, [...]
OpEd: Obama Can Do More on Oil Prices (Common Dreams)
By Ralph Nader Gasoline and heating oil prices are ratcheting up. In California, some motorists are paying over $5 per gallon. President Obama declared that “there is no quick fix” for this problem. Meanwhile, the hapless but howling Republicans are blaming him for the fuel surge as if he is a price control czar. Indeed, [...]
Energy speculators threaten free market, manipulate political process (Long Island Examiner)
By Karen Rubin The New York Times Travel Show was jam-crammed with people so excited to travel places. It’s like emerging to the sunshine after being kept in a cave. This is a clear sign of an improving economy and mood as people feeling more secure about their jobs, and the sense that the worst [...]
Democrats press regulators on oil trades (Market Watch)
March 5, 2012
By Tennille Tracy WASHINGTON (MarketWatch) — Democrats are urging the Obama administration to take swift action to reduce speculative trading in the oil markets as crude prices hover around $107 a barrel and gasoline climbs to about $3.80 a gallon. In a letter to the Commodity Futures Trading Commission on Monday, nearly 70 House and [...]
As gas prices soar, 70 lawmakers push for curbs on speculation (Los Angeles Times)
By Jim Puzzanghera Reporting from Washington— With gas prices continuing to soar, 70 members of Congress on Monday pushed federal regulators to stop excessive oil speculation. The House and Senate lawmakers — all Democrats — wrote to the Commodity Futures Trading Commission to urge the agency to immediately put in place limits on traders in [...]
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- Pew Research study shows "A Rise in Wealth for the Wealthy; Declines for the Lower 93%": http://t.co/B1x3G2Z0gM
- Check out the op-ed The Soul of America by @FriendsofBernie in @HuffingtonPost regarding #fiscalcliff and #debtceiling http://t.co/6I505g7W