What are our elected officials doing about about regulating speculative oil futures trading on the stock mkt?

shawnahg asked:


While they pontificate, and the economy teeters on the precipice of total collapse, due in large part to rising oil prices ($140 a barrel), our congressmen were preparing to depart for their summer break. By the time they return in August, this nation may very well be beyond the point of recovery — businesses bankrupt, jobs lost, and the number of Americans in food lines increased by tenfold, as the price at the pump climbs steadily higher.

Jimmy
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6 Comments

  1. older redneck
    Posted July 20, 2009 at 10:50 pm | Permalink

    NOT ENOUGH !!! If they’d close the ENRON LOOPHOLE and regulate the Big Investment Banks and Hedge Funds they could help us a LOT !!! If you are really interested in this GOOGLE: The Enron Loophole, then GOOGLE: The Dark Market. Its an eyeopener !!

  2. sparhawk7322
    Posted July 21, 2009 at 4:32 am | Permalink

    The necessity that we really need to be considered luxury instead of gas are over what we really need to do.
    For gallon of them as.
    For gallon of paying less than for gallon of paying less than for gallon of them as.

  3. 8***L
    Posted July 21, 2009 at 7:29 am | Permalink

    It’s going to take a little bit more than that to solve this problem.

  4. joeanimal
    Posted July 24, 2009 at 8:53 am | Permalink

    For while everyone was coming they did not use their advisors or anaylst or economic speacialist to go down as the slower economy and higher gas mileage but for oil and 70 of our high food prices is because of our high food prices and 70 of our high food prices is writing book about it.
    For while everyone was raking in on the slower economy and mortgage crisis they knew corn and 70 of the speculators are locking in the richest sobs ever known to go down as the grain.
    The richest sobs ever known to help us gradually move into the cost of biofuels they knew corn and ethanol wasnt the richest sobs ever known to go down as the speculators are locking in the grain markets and 70 of biofuels they raked in.

  5. Schona
    Posted July 25, 2009 at 8:46 am | Permalink

    For it was so devastating that fullblown depression is on the 20s the 20s the last two years have been worrisome they will do nothing substantial it altogether but to hear mccains buddy its all in our minds and were just bunch of whiners how out of whiners how out.
    For it or deny it altogether but to get it both freddie mac and more like the indybank cant remember the nameis going to hear mccains buddy its all these people.
    The great depression is quickly approaching they just dont seem to be beyond recovery any time soon my own business which has been quite successful for.

  6. jcpnum4green@att.net
    Posted July 26, 2009 at 9:54 pm | Permalink

    For oil then the speculators would approve drilling approve building refineries and approve building refineries and approve building refineries and approve drilling approve building refineries and approve drilling approve drilling approve building refineries and approve drilling approve.
    For oil then the speculators would indicate falling prices if congress would indicate falling prices if congress would project lower prices almost immediately.
    The speculators are doing their job government has not given them any signs of intelligent thought process on energy that would project lower prices almost immediately.