I know why Obama will win!

[Kasz216]

Flanneryaug said:

Kasz216 said:

Flanneryaug said:

Pesmerga7551 said:
I just can't believe there is no law to regulate gasoline prices, and this is one of the biggest monopolies. Even though they try very hard to give the illusion that it isn't. Make a maximum profit margin per gallon sold regulated by the government. I just can't believe no company wants to make so much money and sell gasoline for less than its competitors. Stupid agreements ruin everything, by a bunch selfish f**ks who only think about their bottom line.

There actually is, it's called the Dodd-Frank Act. Part of it limits oil speculation, which is a major reason for high gas prices. However, that part of it hasn't been implemented yet due to courts holding it up.

No it doesn't...

http://www.forbes.com/sites/timworstall/2012/04/18/but-futures-speculation-doesnt-change-gas-prices/

http://www.cnn.com/2012/04/19/opinion/kilian-oil-speculation/index.html

 

All you need to look at is any of the science done on the numbers... and you'll see it's got nothing to do with speculation.

 

Oil and Gas prices have risen... because demand for Oil has risen... and production hasn't risen by as much.

Yes it does.

http://money.cnn.com/2012/03/21/markets/oil-gas-prices-speculators/index.htm

http://abcnews.go.com/blogs/business/2012/02/how-wall-st-is-raising-the-price-of-gas/

Oil speculation obviously drives up gas prices. You can argue by how much, but it does.

If you don't believe me, listen to Bill O' Reilly http://www.youtube.com/watch?v=pfzZjc_OMyw

Why would i believe Bill O'reily.  He has a long history of completely ignoring science.... like he is in that video.

I'd rather beleive actual economists and scientific studies personally.

On the one hand you have Wallstreet regulators speculating something may be happening.

On the other hand you have economists who's actual sceintific studies are saying other things.

 

Me... i'll go with the unbiased science.

http://www-personal.umich.edu/~lkilian/milan030612.pdf

If you'll note... they never actually explain how it raises oil prices... because it doesn't.

The Oil speculation market, would only increase oil prices, if the oil speculator contracts were cashed for physical product.  Which they aren't.