From the April 18th Chicago Tribune "Obama: get tough on oil speculators" by Kathleen Hennessey and Morgan Little.
Finally, the president is facing heat for these ridiculous gas prices and he is trying to shift the blame to Congress, Republicans and traders. He wants "more cops on the beat" to crack down on price manipulations.
Obama wants more money from Congress to add $52 million to the budget of the Commodity Futures Trading Commission saying "We can't afford a situation where some speculators can reap millions while millions of American families get the short end of the stick."
Analysts have said that speculators are a factor in the recent spike in oil prices, but are not the main reason. They blame it on global demand. I'm sure demand plays some role, but then there are those who stand to make big profit from high oil prices and that would be oil-producing countries and states as well as Big Oil.
Obama needs to be Doing a Lot More Than Just Lip Service. Time to Start Working on Controls. Like We Used to Say in Teaching, "If Someone Doesn't Play Well With Others..." --RoadDog
Being an account of some things I'm interested in, what I'm doing, and reflections on my past, especially music.
Listen to this man. Seven years of college, you know. Trying to reason with 2020 and, now, 2022.
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