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Barry O Prefers Regulation to Production of Oil

April 17, 2012

Well, not only is Barry-O’s State Dept. busy giving Russia a bunch of Alaskan islands known to have huge oil deposits (yep, check it out – it’s even being done behind the backs of the State of Alaska, but Congress), he’s trying to throttle investments in oil production via his control of Wall Street.

Oh, btw – this is by Executive Order, not vetted by Congess – one more proof the O-man’s desire is central government control.

Barry-O WANT high oil prices and does nothing but TALK differently while he does actions one after the other to block ot decrease USA domestic oil production.

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 [$52 million] 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. …

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.

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From → RANDOM

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