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ZOOOOMMMMM (sound of my post going right over your head)
Um, that WAS the point. We DON'T pay high taxes on gasoline while other countries do. That means that our politicians have already made gas cheaper for us by not charging those taxes. You are blaming politicians when they are not to blame.
Then this statement is wrong.
Gas prices aren't dictated by elected officials (the taxes on gas are but they aren't the issue here)
Sadly this is what obummer should be investing in to get America working and get this economy kick started. I am disappointed that Washington hasn't moved this direction. If you put people to work, you collect taxes and they spend the money they earn which creates more jobs and more people paying taxes. Why doesn't obummer see this?
I hope Governor Snyder sees this and invests the excess budget in infrastructure for Michigan. There's talk of a tax rebate. Seriously? Keep it. Do something useful with it. We need roads and bridges rebuilt all over this state. Put people to work improving infrastructure.
When government gets out of the way, people get to work bringing products that others actually want and are willing to pay for, to the marketplace (= jobs)
Obama and his politicians cannot create anything without stealing it from someone else first. They are destroyers, not creators
When government gets out of the way, people get to work bringing products that others actually want and are willing to pay for, to the marketplace (= jobs)
Obama and his politicians cannot create anything without stealing it from someone else first. They are destroyers, not creators
It isn't stealing to use tax money to rebuild infrastructure that tax payers use every day. Our roadways and bridges are crumbling across the nation. Who do you think should be rebuilding them?
The only real other option is to privatize them and turn them into toll ways and toll bridges. The end result is the same. The public pays for the rebuilding of the infrastructure and either way, jobs are created. IMO, using tax monies to rebuild the infrastructure would be a good thing.
The money that the government is infusing into the markets has to go somewhere. Commodities are easy as people can't simply decide to not continue using them.
If you think this has nothing to do with the price completely turn off the welfare programs for the markets. The prices would collapse.
Kennedy was blaming speculators, not QE. I agree that if QE was halted all assets would see a price decline. Speculators would still make money.
Kennedy was blaming speculators, not QE. I agree that if QE was halted all assets would see a price decline. Speculators would still make money.
Where do you think the speculative money is coming from in large portions? Few would complain if speculators were able to run a barrel of oil up to $65.
As an aside, I believe only end users should be able to speculate on commodities.
If you believe that hogwash,then I have some land to sell you!
With Only $93 Billion in Profits, the Big Five Oil Companies Demand to Keep Tax Breaks
Lifting the crude oil export ban, as some Big Oil companies are lobbying to do, could raise gasoline prices at filling stations such as this BP in Lakewood, New Jersey.
By Daniel J. Weiss and Miranda Peterson | February 10, 2014
But you would assume since the United States now exports more oil than it imports that the economic rules of supply and demand should cause US gas prices to drop, right? Unfortunately, that’s where localized markets and politics have kept gas prices high.
The Leftists websites of yours don't appear to understand that US Federal Law does NOT allow the export of US Oil. There is a move in Congress to change that, but it hasn't happened yet.
It is against Federal Law to export Oil from the USA .... the only exceptions are to US Territories and a small amount in Trade to Canada. Find a website that knows at least a few basics instead of Leftist Propaganda.
Where do you think the speculative money is coming from in large portions? Few would complain if speculators were able to run a barrel of oil up to $65.
As an aside, I believe only end users should be able to speculate on commodities.
Futures aren't a "Cash" market. Traders buy contracts on margin and as you can see by the linked PDF margin requirements have actually been DECLINING. In fact the required margin today is HALF what it was last year at this time. The added trading volume is more a result of lower margins than money pumped into the economy by the FED. I can trade two contracts for the same margin I could trade one for last year.
Only end users should be able to speculate on commodities? Aren't we ALL end users? Do you buy heating oil? Drive a car? Eat cereal? Eat beef? Eat pork? Why shouldn't I as a consumer be able to hedge myself against price volatility?
If your theory that only end users should be able to speculate on commodities you will end up with large corporations fixing prices. Nothing could go wrong with B.P., Chevron and Shell setting oil prices could it............
The Leftists websites of yours don't appear to understand that US Federal Law does NOT allow the export of US Oil. There is a move in Congress to change that, but it hasn't happened yet.
It is against Federal Law to export Oil from the USA .... the only exceptions are to US Territories and a small amount in Trade to Canada. Find a website that knows at least a few basics instead of Leftist Propaganda.
You mean like 'foaming at the mouth~ radical right wing extremist' Faux News?
OH HELL NOOOOS!
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Um, that WAS the point. We DON'T pay high taxes on gasoline while other countries do. That means that our politicians have already made gas cheaper for us by not charging those taxes. 
