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Oil speculators get away with high prices to force through Republican legislation that promotes gulf

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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 06:08 AM
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Oil speculators get away with high prices to force through Republican legislation that promotes gulf
drilling? What is wrong with these greedy people? NOLA has not recovered from blowing up of it's levee's/ Hurican Katrina,or the BP explosion. However, some in congress want to ram through a patriotic sounding bill.. Restarting American Offshore Leasing Now Act. But it does nothing to bring down the price of Gas. http://www.nytimes.com/2011/05/06/us/06drill.html?_r=1


Passes Expansion of Offshore Drilling
Restarting American Offshore Leasing Now Act
Passed in the House by 58 Votes
Yes Votes Dem 33 Rep 233
No Votes Dem 147 Rep 2
Details of the Vote on H.R.1230 »
Article: House Passes a Bill to Expand Offshore Oil Drilling

http://politics.nytimes.com/congress/
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F Bastiat Donating Member (89 posts) Send PM | Profile | Ignore Sat May-14-11 06:32 AM
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1. Bad news for speculators who are speculating up.
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-11 07:10 AM
Response to Reply #1
2. if they are good they`ll make money on the way down. remember...
they no longer have to take possession of any commodity.
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