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Help me out here....

The Obama administration today is worried about “oil speculation” acting as if this is the cause to all the woes of the price going up at the gas pump.

The President’s solution:

“He proposed more funding to hire CFTC regulators, or "cops on the beat" as they were referred to in a fact sheet; harsher punishments for manipulating the market; giving the CFTC technology equivalent to what traders use; allowing CFTC to force exchanges to increase margin requirements for crude oil futures, options and swaps; and to expand access to CFTC data so that regulators and market watchers can theoretically see more patterns that may suggest speculation and manipulation. In a press call before the president's official announcement, a senior White House official told reporters that the new proposal requires Congressional approval and carries a $52 million price tag, which could be found in currently available discretionary funds."

In the mean time over in the the silver and gold market we hear crickets chirping away as usual. This is unbelievable!

The panel that he set up to root out illegal practices a year ago, hasn't done anything. Sounds like a bunch of new jobs for his cronies.

I hear and feel your pain on the gold and silver side as well.

If he allowed us to reap the massive amount of oil in the shale fields of the western U.S, and/or allowed us to drill more, supply would increase, price would decrease and we could be free of the yoke of the middle east and opec. Don;t hire anymore government workers.

Copper Catcher wrote:Help me out here....

The Obama administration today is worried about “oil speculation” acting as if this is the cause to all the woes of the price going up at the gas pump.

The President’s solution:

“He proposed more funding to hire CFTC regulators, or "cops on the beat" as they were referred to in a fact sheet; harsher punishments for manipulating the market; giving the CFTC technology equivalent to what traders use; allowing CFTC to force exchanges to increase margin requirements for crude oil futures, options and swaps; and to expand access to CFTC data so that regulators and market watchers can theoretically see more patterns that may suggest speculation and manipulation. In a press call before the president's official announcement, a senior White House official told reporters that the new proposal requires Congressional approval and carries a $52 million price tag, which could be found in currently available discretionary funds."

In the mean time over in the the silver and gold market we hear crickets chirping away as usual. This is unbelievable!

!@#$%^&*()_)(*&^%$#@!

fb101 wrote:

Copper Catcher wrote:Help me out here....

The Obama administration today is worried about “oil speculation” acting as if this is the cause to all the woes of the price going up at the gas pump.

The President’s solution:

“He proposed more funding to hire CFTC regulators, or "cops on the beat" as they were referred to in a fact sheet; harsher punishments for manipulating the market; giving the CFTC technology equivalent to what traders use; allowing CFTC to force exchanges to increase margin requirements for crude oil futures, options and swaps; and to expand access to CFTC data so that regulators and market watchers can theoretically see more patterns that may suggest speculation and manipulation. In a press call before the president's official announcement, a senior White House official told reporters that the new proposal requires Congressional approval and carries a $52 million price tag, which could be found in currently available discretionary funds."

In the mean time over in the the silver and gold market we hear crickets chirping away as usual. This is unbelievable!

!@#$%^&*()_)(*&^%$#@!

Discretionary funds. Really?

Copper Catcher wrote:Help me out here....

The Obama administration today is worried about “oil speculation” acting as if this is the cause to all the woes of the price going up at the gas pump.

The President’s solution:

“He proposed more funding to hire CFTC regulators, or "cops on the beat" as they were referred to in a fact sheet; harsher punishments for manipulating the market; giving the CFTC technology equivalent to what traders use; allowing CFTC to force exchanges to increase margin requirements for crude oil futures, options and swaps; and to expand access to CFTC data so that regulators and market watchers can theoretically see more patterns that may suggest speculation and manipulation. In a press call before the president's official announcement, a senior White House official told reporters that the new proposal requires Congressional approval and carries a $52 million price tag, which could be found in currently available discretionary funds."

In the mean time over in the the silver and gold market we hear crickets chirping away as usual. This is unbelievable!

The JACKBOOTS THUGS ARE COMMING