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Nancy Pelosi Issues Statement On Soaring Gas Prices

Tyler Durden's picture




 

Warning: Not for the faint of heart.

Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today on the rising gas prices across the country:

 

“Independent reports confirm that speculators are driving up the cost of oil, hurting consumers and potentially damaging the economic recovery. Wall Street profiteering, not oil shortages, is the cause of the price spike.  In fact, U.S. oil production is at its highest level since 2003, and millions of acres have been cleared for additional development.

 

“We need to take strong action to protect consumers from this speculation.  Unfortunately, Republicans have chosen to protect the interests of Wall Street speculators and oil companies instead of the interests of working Americans by obstructing the agencies with the responsibility of enforcing consumer protection laws.  They have also repeatedly opposed our efforts to end billions of dollars in outdated taxpayer subsidies for oil companies enjoying record profits.

 

“We support efforts by the Obama Administration to expand domestic energy resources, including natural gas and renewable sources like wind and solar that create jobs in America and will end our dangerous dependence on foreign energy supplies.  This can be achieved because today, the United States currently has more oil and gas rigs at work than the rest of the world combined, and imports of foreign oil have decreased.

 

“We call on the Republican leadership to act on behalf of American consumers and join our efforts to crack down on speculators who care more about their profits than the price at the pump even if these spikes harm the American consumer and our economy.”

Speculators? Such as the Federal Reserve and other central banks who have pumped $2 trillion of "liquidity" into the capital markets in the past 3 months just so Italian BTPs don't implode to fair value and so Europeans can continue living in a socialist "paradise" even as the bankers steal their gold?

Or is it the same congressional speculators who until recently had every right to front run the public on advance knowledge that the SPR would be tapped due to Democrat insistence to sacrifice America's last energy backstop only to win the election?

Or is Nancy simply pissed off that she can no longer trade ahead of any market moving news?

Whatever the reason for the gas surge, with these idiots in charge one thing is certain - the situation is about to get far, far worse.

Solyndra4eva!

 

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Wed, 02/22/2012 - 18:23 | 2186636 downtownshuter
downtownshuter's picture

why don't these schmucks just drive their ipads to work?

Wed, 02/22/2012 - 18:25 | 2186638 PicassoInActions
PicassoInActions's picture

while i don't like her, she is right

Oil is a national security and msut be protected.

Enough of supply/demand bs

Today we are paying the price of what the fagets think will be in 6 month.

The oil at gas stations was bough over 7 month ago and the price wa around 80$ not 106

Why the fuck we have to pay today for the price some fuck thinks will be in 6+ month. After Lybia conflict price did not droped tough there was no shortage supply. Opec is cutting production cause the demand is low. Fuck those traitors on oil futures.

Wed, 02/22/2012 - 18:43 | 2186743 CrashisOptimistic
CrashisOptimistic's picture

Why do you believe there is no shortage of supply?

You do realize that refineries negotiate prices with tankers and don't pay any attention to NYMEX crude.  They pay what they have to pay to get the tanker to come to them, rather than going to a different refinery.

This might be much easier for you to understand if you think about it like this: In oil, demand and consumption are not the same thing.  In the world as it is and as it is coming, demand will exceed consumption.

Thing about it that way, rather than about supply.

Wed, 02/22/2012 - 23:31 | 2187708 tmosley
tmosley's picture

Demand and consumption are NEVER the same thing.  At a true price of zero the demand for everything is infinite.

Oil priced in gold is NOT rising.  Therefore, the DOLLAR is falling, and thus buying less oil.  That's all there is to it.

But don't worry, that doesn't mean that your apocalypse won't come.  There is plenty of government incompetence between here and freedom, and safety from economic collapse can only be found in freedom.

Wed, 02/22/2012 - 23:43 | 2187750 CrashisOptimistic
CrashisOptimistic's picture

I don't know what that means.  No refineries pay gold for oil.  Refineries are the customers for oil.  They and the seller are the only ones who matter.

Gold has no application to day to day transactions in society.  Probably never will.

Wed, 02/22/2012 - 18:51 | 2186774 riphowardkatz
riphowardkatz's picture

You have never produced anything in your life. Oil companies have invested billions to extract oil 10 years from now. The US government has tripled the money supply. You are pointing the finger at the wrong cause. Tell your government to stop giving printed money to non-producers and you will see oil come back down.

How much oil is burned by the government contractors who are building s(*& no one wants or needs? How much oil is being burned by the US military? 

Blame the biggest speculator in the game Bernanke! This is what he wants.

Wed, 02/22/2012 - 23:32 | 2187712 tmosley
tmosley's picture

Oil priced in the gold content of the old gold dollars is $1.10 a barrel.

If that doesn't put things in perspective, I don't know what will.

Wed, 02/22/2012 - 21:05 | 2187274 Sun and Moon
Sun and Moon's picture

Pelosi hasn't given any proof that speculators are causing prices to rise. But even if they are, it means that some people are betting lots of money that there will be a shortage of oil in the future. If they are wrong, there will be a glut of oil in the future when all the oil that the speculators purchased at high prices comes on to the market, oil prices will crash, and the speculators will lose a lot of money. If the speculators lose money, someone (e.g. the consumer) must get that money.

But if the speculators are right, it would mean that we would be storing oil now for future use, and the high prices would cause people to start cutting back on gasoline use, buying smaller cars, etc. And high prices would also encourage people to do more oil drilling, etc. All of these things are exactly the things that need to happen in order to prepare for a future oil shortage. And the oil that the speculators are storing now will come on the market and limit the surge in gas prices that would otherwise happen.

In either case, I don't think the speculators have done net damage to the oil consumer. Punishing speculators is like punishing people who have the foresight to prepare for possible adverse events in the future. If you limit speculators, then society will react to these events as if no one had seen them coming, even when many people did foresee them.

Thu, 02/23/2012 - 03:44 | 2188091 Al Gorerhythm
Al Gorerhythm's picture

You paint a weird picture, pal.

Wed, 02/22/2012 - 18:27 | 2186642 Rynak
Rynak's picture

They never should have called "non-banker non-hedgefunds non-anythingbig but actually INDIVIDUALS (!!!!!!!!!!!!!!!!!!)" or in other words, the equivalent of "freelancers".... speculators..... it was bound to be confused with the VERB "speculating".

Sometimes, i want to kill all those fuckers who invented current languages..... whenever i in personal projects research popular myths, defects in languages are part of the causes. My favorite example: Want write a metaphysical piece that seeks to avoid the subject-object split in current culture? Well, good luck, because there are NO TERMS for this except of the obscure word "entity" of which the majority of your readers will not know what it means.... thus, basically outrightly banning any expression of thought not using a subject/object split, from popular language. Now, where did i put that chainsaw.....

Wed, 02/22/2012 - 18:26 | 2186643 Car 54 Where Are U
Car 54 Where Are U's picture

Dear Dimwit Nancy,

Perhaps you should research energy return on energy invested and the devaluation of the PetroDollar.

Wed, 02/22/2012 - 19:33 | 2186969 eatthebanksters
eatthebanksters's picture

but wouldn't that put her brother out of business?

Wed, 02/22/2012 - 18:26 | 2186644 Evil Bugeyes
Evil Bugeyes's picture

Crocodile tears. Environmentalists love high gas prices because they are the next best thing to a carbon tax. Hence their opposition to the Keystone pipeline.

Wed, 02/22/2012 - 18:36 | 2186684 Rynak
Rynak's picture

No.

I'd go one step further. Anyone calling himself an "environmentalist", cares shit about the "environment", and is instead just obsessed with things that cannot be.

Similarily, anyone who behaves "self-obsessed", gives a shit about him/herself, and is instead just obsessed with things that cannot be.

Why? Simple: Both opposites are just another subject/object dichotomy, that argues as if the subject is isolated from the object, and the object isolated from the subject.... or in other words, both exist in parallel worlds. If this style of thinking happens regarding personalities, it is called multiple-personality disorder.... but if it happens for EVERYTHING ELSE on a civilization-wide scale, it is considered totally healthy and not a cultural PANDEMIC.

Wed, 02/22/2012 - 18:27 | 2186645 Motorhead
Motorhead's picture

Hard to say which one is more of a piece of shit, Nancy "Stretch" Pelosi, Barbara Boxer, or Diane Feinstein.  But I guess it's just a matter of stench, as a piece of shit is still a piece of shit.  I guess three turds make a crowd.

Wed, 02/22/2012 - 18:28 | 2186650 Squid Vicious
Squid Vicious's picture

Maybe they will tap the SPR again, that worked for about 12 hours last time!

Wed, 02/22/2012 - 18:45 | 2186758 CrashisOptimistic
CrashisOptimistic's picture

Odds of this are very high, in an election year with some eroding approval ratings in recent days. (Rasmussenreports.com)

Wed, 02/22/2012 - 18:28 | 2186651 Benjamin Glutton
Benjamin Glutton's picture

it all goes back to allowing fraud in the first place Nancy...no reason to tread lightly or have compassion.

Wed, 02/22/2012 - 18:29 | 2186654 PicassoInActions
PicassoInActions's picture

why don't they just cancel all the oil contracts except those who takes the delivery...?

wnow we have more contracts than we had in 2008 and the demand is less.

 

Wed, 02/22/2012 - 18:38 | 2186671 bob_dabolina
bob_dabolina's picture

Because speculation is needed. 

Take for example Airlines, if they believe the price of oil is going up they buy oil contracts to offset future expenses. 

http://en.wikipedia.org/wiki/Fuel_hedging

It's part of the market. 

In fact if you took all the speculators out of the market there would be no market as speculating is the essence of any kind of investing. People buy and collect baseball cards right? They are speculating in the future the cards will be more valuable. Those evil baseball card collectors making shit all expensive, why can't everyone just have an autographed Babe Ruth card for $1. 

Wed, 02/22/2012 - 18:39 | 2186717 PicassoInActions
PicassoInActions's picture

no need to go to extreme, you want to speculate in gold ... sure, you want to speculate in stocks sure...

Oil is used by every1 not by only fucking speculators with hft trading. Just because you want to keep speculators alive in oil we all have to pay for it. No way.

there are plenty of things to speculate but not the energy that every1 uses.

Imagine if oil contracts would be canceld? all those money would go strait into the metals and gold bugs will be more than happy. Stop raping little people.

Wed, 02/22/2012 - 18:43 | 2186741 HungrySeagull
HungrySeagull's picture

Us Gold Bugs and Silver Bugs are found under the slippers of the little people in the night when they wander for a snack.

Wed, 02/22/2012 - 21:25 | 2186754 bob_dabolina
bob_dabolina's picture

Imagine if we had a responsible government that respected and obeyed the constitution of the United States? 

We wouldn't be having this conversation.

Don't blame people for protecting themselves against what is rampant inflation (caused by profligate government overspending) Notice how there is inflation in almost all products you buy at the grocery store? Are those the evil fresh veggie speculators buying all the broccoli and lettuce to make sure we're paying more? No, it's inflation, and the natural consequence of printing money to pay for an entitlement society. Get used to it.

Wed, 02/22/2012 - 18:46 | 2186761 riphowardkatz
riphowardkatz's picture

No one is raping little people and quit calling people who have not made money yet little people. Lot's of people in this country started with nothing. Calling them little people is demeaning and a contradiction of facts.

You have no idea how markets work. So you should shut the f' up before you further embarass yourself. If you want laws like this go live in a communist dictatorship. 

Wed, 02/22/2012 - 19:01 | 2186831 Catullus
Catullus's picture

I suppose hedging and raping are the same things now.  It's cool.  No one's listening to you.

Wed, 02/22/2012 - 19:49 | 2187026 duncangraper
duncangraper's picture

Consider for a mooment, that you are agreeing with Mum-ra Pelosi, about the "Evil" speculators

On the lowest level, you are a fool for believing a politician.

Stop pondering the futures market and stick with Dr. Suess. Hop on Pop is a head-scratcher

Wed, 02/22/2012 - 19:20 | 2186907 taniquetil
taniquetil's picture

Along the same vein, if a central printer, let's call him, Smen Smernanke, decided to inject 1 trillion Babe Ruth rookie cards into the collector's market...

Wed, 02/22/2012 - 18:47 | 2186763 CrashisOptimistic
CrashisOptimistic's picture

Less comes out of the ground than we want to burn.

Speculation is the only thing holding the price down.  Why would you want to stop that?

Wed, 02/22/2012 - 18:29 | 2186656 navy62802
navy62802's picture

I'm sure it has nothing to do with flying armed drones over foreign nations ...

This is the reason we're screwed. Politicians taking an issue which is a very real issue, torturing the facts and using them for their own political game. As long as this continues, things will continue to get worse. When we decide to address the real problems, things will get better. It's that simple.

Wed, 02/22/2012 - 18:57 | 2186806 Stax Edwards
Stax Edwards's picture

Yep.  Until there is a real threat of jail for fraud we can unfortunately expect more of the same.  They just pay their fines with taxpayer bailout money, what a business model!  TBTF FTW!

Wed, 02/22/2012 - 19:33 | 2186966 navy62802
navy62802's picture

IMO, the real problem we're facing today is economic fascism. We've lived with it in the US for almost 80 years, and it's finally in its death throws. You cannot have a healthy economy when that economy is based on permanent war and the Corporate State. It's simply not sustainable because it is inherently unproductive in the long run.

Wed, 02/22/2012 - 18:30 | 2186658 Eally Ucked
Eally Ucked's picture

Are they American speculators or worldwide scam to fuck up US. As far as I know Europeans pay few more backs for oil than US. Let send few more carriers to the Gulf and and lower that price by 50%. The most important is to remember that we have more rigs operating in US than ever before. That should be the measure of price - shitheads. 

Wed, 02/22/2012 - 18:29 | 2186659 PaperBear
PaperBear's picture

"protect the interests of Wall Street speculators" ?

Who are Nancy Pelosi's donors ?

Any Wall Street mega banks ?

Wed, 02/22/2012 - 19:12 | 2186867 Rynak
Rynak's picture

wall street

speculators

AHAHAHAHAHAHAHAAAAAAA!!!!!

It's the unicorns.... the unicorns did it!

fucking language defects..... if anyone would claim, that the economy is tanking, because of the evil freelancers, they'd get facefucked..... but thanks to inconsistent language, it is rethorically doable to claim the same in the financial domain. And this isn't even taking actual stats into account (like.... urm..... THERE NOT BEING ANY SPECULATORS LEFT IN THE MARKET!!!)

Wed, 02/22/2012 - 18:31 | 2186663 Bdelande
Bdelande's picture

This lady clearly needs her head examined........or better yet kicked in..........

Wed, 02/22/2012 - 19:10 | 2186873 Rynak
Rynak's picture

Clearly the later.

Wed, 02/22/2012 - 18:31 | 2186667 tmosley
tmosley's picture

Looks like we ARE doomed to repeat history.  Exactly, and blow by blow.

Wed, 02/22/2012 - 18:56 | 2186804 DoChenRollingBearing
DoChenRollingBearing's picture

I don't whether that's Eewww or LOL...  Or both.

Wed, 02/22/2012 - 18:31 | 2186668 Calmyourself
Calmyourself's picture

"In addition, it has nothing to do with my husbands tuna cannery workers in Fiji being exempted from the minimum wage'  "Wait this isn't about the price of tuna, hmm whats that smell, oh never mind"...

http://online.wsj.com/article/SB116891896808477346.html

Pelosi's tuna surprise, well in addition to the smell..

Wed, 02/22/2012 - 18:31 | 2186669 alien-IQ
alien-IQ's picture

somebody PLEASE bitch-slap that bitch.

Wed, 02/22/2012 - 18:33 | 2186674 urbanelf
urbanelf's picture

Someone else already commented the word "CUNT" so there's really nothing else for me to post here.

Wed, 02/22/2012 - 18:34 | 2186678 Pairadimes
Pairadimes's picture

This is one very, very expensive idiot. Thank you, People's Republic of Kalifornia.

Wed, 02/22/2012 - 18:34 | 2186679 BlackVoid
BlackVoid's picture

PEAK OIL

Wed, 02/22/2012 - 18:34 | 2186680 10mm
10mm's picture

It.s gonna be a long hot summer.

Wed, 02/22/2012 - 18:34 | 2186681 Atlantis Consigliore
Atlantis Consigliore's picture

"MF - Hooker politicians.......rented by the hour for streetwalker prices......."     go foreclose on some homes, remember, its....an investment in the futures. LOL.....

 

 

Wed, 02/22/2012 - 18:34 | 2186682 ziggy59
ziggy59's picture

This whack attack is looking more like Joan Rivers from all her ummmm augmentive surgeries. Who the frig has the reset button?

Wed, 02/22/2012 - 18:43 | 2186683 willien1derland
willien1derland's picture

There is no question that Money Managers have significantly increased their position in the oil markets (CFTC's CoT) clearly indicates that by close of business on 14 February, hedge funds & other money managers were running 7.3 long futures & options positions (historical norm 3 to 1)linked U.S. crude prices (308 million barrels) for every short position (42 million barrels), according to commitments of traders data. Investors have not been this long of U.S. crude futures and options since July 2011.

BUT WHY are they? Because they want to destroy the American economy? Ummm NO! Because Ben Bernacke is throwing EVERYONE into the RISK pool; ZIRP's effect is destroying the store of value capacity of fiat, therefore, essential asset classes (like energy) that have strong fungibility & liquidity charateristics which have inherent inflationary protection are optimal candidates for parking the flood of fiat being generated by Bennie & the Feds...But Nancy Pelosi, like other opportunistic parasites in Washington DC will misrerpresent the situation for 'political' advantage - Here's an idea Nancy - HOW ABOUT DOING YOUR JOB?! - THIS WILL BE A SHOCK--> BUT WORK TOGETHER FOR THE GOOD OF AMERICA rather than for your damn political party...Asshat personified!

Wed, 02/22/2012 - 18:35 | 2186688 riphowardkatz
riphowardkatz's picture

I was wondering yesterday when they would blame the speculators. Man she is ugly. I am not democrat of republican but why are the democrats so much uglier?

Wed, 02/22/2012 - 18:36 | 2186693 Teamtc321
Teamtc321's picture

Nance, take a look over your shoulder at the central bank that is slamming your a$$ on fuel cost. Then do your usual and spin around on your knee's and smile.

 

You fucking wooden leg troll bitch. 

Wed, 02/22/2012 - 18:36 | 2186694 daxtonbrown
daxtonbrown's picture

Is there such a thing as lampost futures? Cause you can never get enough of those things when the political shills start wailing at speculators just befor an economic crash.

Wed, 02/22/2012 - 18:36 | 2186695 markar
markar's picture

Pelosi just gets scarier looking all the time. That photo looks  like Edvard Munch's "The Scream" 

Wed, 02/22/2012 - 18:36 | 2186698 jcaz
jcaz's picture

Bigger fucktard-  Nancy or MDB?

The mere question is the obvious answer......

 

Wed, 02/22/2012 - 20:08 | 2187096 LongBallsShortBrains
LongBallsShortBrains's picture

You never see them both at the same time...... Hmmmmm

Wed, 02/22/2012 - 18:37 | 2186699 hotkarlandthecl...
hotkarlandtheclevelandsteamers's picture

Its easy you dumb bitch tell the Bernank to take Fed Funds up to 2% tomorrow and bust the speculators in oil, stocks, and everything tangible that people are forced to chase due to negative real interest rates on cash balances.

Wed, 02/22/2012 - 18:41 | 2186728 JuicedGamma
JuicedGamma's picture

But, but won't that bust the Treasury?

Wed, 02/22/2012 - 18:49 | 2186768 CrashisOptimistic
CrashisOptimistic's picture

Speculators are the only thing holding oil's price down.

If it's all about speculation, then there is no need for Obammy to tap the SPR, which he is about 99% likely to do.

Think about that.

Wed, 02/22/2012 - 18:37 | 2186700 Town Crier
Wed, 02/22/2012 - 18:37 | 2186701 Joebloinvestor
Joebloinvestor's picture

These fucks need to know the difference between a speculator and a manipulator.

Enron were manipulators.

That the current world oil traders took a play from the ENRON book should be to nobodies suprise.

That our crack administration empowers them shouldn't be either.

 

Wed, 02/22/2012 - 18:37 | 2186703 Atlantis Consigliore
Atlantis Consigliore's picture

http://youtu.be/t6HAMQUMTp0      Electronic hooker regulator; doing the strut.   must be a financial mkts regulator.

Wed, 02/22/2012 - 18:37 | 2186704 JPM Hater001
JPM Hater001's picture

I love her.  I want her to be my dirty little grandma.

Wed, 02/22/2012 - 18:40 | 2186706 Albertarocks
Albertarocks's picture

Every damned time I see that ancient relic, Ms. Pelosi, I can only think of one word; "Plastic traitorous fucking Neocon puppet bitch."

Take your pick.

Wed, 02/22/2012 - 18:55 | 2186797 shushup
shushup's picture

Perfect! LOL

Wed, 02/22/2012 - 18:38 | 2186710 jeffgroove102
jeffgroove102's picture

They should use the lead in from the dumb video shows on tv, before a politician comes on to speak.

Wed, 02/22/2012 - 18:38 | 2186711 HungrySeagull
HungrySeagull's picture

AWWW....

That too shall pass.

Wed, 02/22/2012 - 18:39 | 2186719 SimpleSimon
SimpleSimon's picture

 As you can tell from the picture, she is simply saying I can't blow anything bigger than this. Her communications manager just got the wrong press release out.  Simple as that.  

She obviously can't be saying what you reported as she is smart enough to realize that speculators can speculate anywhere in the world, that she cannot absolutely positively have Ben stop his speculation, that ending those tax subsidies will only make it more expensive for production in the US....  

Wed, 02/22/2012 - 18:40 | 2186724 SmittyinLA
SmittyinLA's picture

One more facelift Babe, and you will have a beard.

Wed, 02/22/2012 - 18:43 | 2186739 pleseus
pleseus's picture

She is a fuckin' idiot.

Wed, 02/22/2012 - 19:50 | 2187035 Al Gorerhythm
Al Gorerhythm's picture

Did someone just slip her one and she's counting her own fingers?

Wed, 02/22/2012 - 18:43 | 2186744 The Alarmist
The Alarmist's picture

The people are truly screwed if Congress is acting on this.

Wed, 02/22/2012 - 18:45 | 2186753 PicassoInActions
PicassoInActions's picture

wow, today i got 14+ negatives, i guess GoldDickers perefer to pay high price for oil and cry about their fucking metal.

every1 seems so rich here and understands the economy better than any1 else. Fuck those who wants to pay high price for oil, regardless how their little dicks tell them to interpret.

Bring all this technical bullshit to brainwash others how good is for oil to be high and keep blaming every1 for it.

Regardless of the itnerpretation oil should not be in speculative market. WHo does not like it, go and fuck your self retards.

Wed, 02/22/2012 - 18:48 | 2186766 Moneyswirth
Moneyswirth's picture

Actually, it's 15 negatives last I checked.  And I'm sure that number will climb.

Go back to your leftist progressive blogs and sites if you still want to be spoon-fed that "oh its all the eevil speculator's fault" nonsense and ask to be taken seriously.   Don't forget your bib.

Wed, 02/22/2012 - 18:53 | 2186782 PicassoInActions
PicassoInActions's picture

unlike you i am a republican except i don't masturbate when i hear word Gold or Jesus...

 

 

Wed, 02/22/2012 - 19:10 | 2186869 Dr.Vannostrand
Dr.Vannostrand's picture

lolumadbro?! You should really read some of CrashisOptimistic's comments, as well as many others on here before you continue your verbal diarrhera a la FrankenCunt Pelosi.

Wed, 02/22/2012 - 19:12 | 2186877 Reese Bobby
Reese Bobby's picture

Seek help my friend.

Wed, 02/22/2012 - 20:17 | 2187128 Papasmurf
Papasmurf's picture

Well, then you aren't a republican, be definition.

Wed, 02/22/2012 - 20:34 | 2187179 Central Bankster
Central Bankster's picture

No, you're just an uneducated muppet.

Wed, 02/22/2012 - 19:24 | 2186923 jcaz
jcaz's picture

Even more funny-  you seem to care that we realize that you're a fucktard......

Wed, 02/22/2012 - 19:36 | 2186982 MsCreant
MsCreant's picture

No offense is intended by this, but you are offended already so I'll just shoot. Your post makes you seem really scrambled, like you have not paid very close attention to the posters or the mood here, AT ALL. 

Not everyone here is "rich." I for one see myself as a student here. I don't see folks wanting to pay a high price for oil (note some of the folks taking digs at the environmentalists here). No one is brainwashing anyone with charts or otherwise. There is lots of diversity of opinion here on these boards about the why, where, and when of oil. Some say we have passed the peak, some say we will peak, some say there is plenty of oil, some even thing oil is abiotic. 

You have over generalized. Lots of different kinds of folks here, there is no homoginized opinion here.

Oil should be sold in an open and free market.  I don't know where one of those is. Do you really trust your government to decide what you should pay for it? Or?

Did you mean for me to go fuck myself until retarded? Or did you call me a retard and tell me to go fuck myself? Or am I to find a retard and fuck em?'

Like I said, scrambled. Read it and see.

Calm down, even if they slap you at fight club, they are trying to teach you something.

Wed, 02/22/2012 - 21:04 | 2187273 lakecity55
lakecity55's picture

Ditto. ZH is like a free night school course. ZH rocks.

Wed, 02/22/2012 - 20:24 | 2187145 STP
STP's picture

If you overlooked your built-in bias and ill-concieved conceps, you might just learn something here at Zero Hedge.  The real education is here in the comments and you'll learn about the trader commitments, hedging, just why there are hedges.  You'll figure out what's going on with the CBOE and NYMEX too.  It comes down to this and you cannot disagree with what many others are pointing out:  Are the Central Banks, world-wide printing trillions in unbacked currency?  If the answer is yes, ding-ding, you're getting an education.  If the answer is no, then please explain QE1, QE3 and Operation Twist and the effects on the real economy?  Did any of this 'stimulate' the real economy?

Just what is the ECB doing, opening up a swap line with the NY Fed and trading Euro's for dollars? Explain 'liquidity.

First, get to know what you're talking about, THEN feel free to disagree.

 

Wed, 02/22/2012 - 18:45 | 2186755 Moneyswirth
Moneyswirth's picture

Unfortunately, Republicans have chosen to protect the interests of Wall Street speculators and oil companies instead of the interests of working Americans by obstructing the agencies with the responsibility of enforcing consumer protection laws.  

 

This could possibly be the biggest crock of siht on the Intertubes.  

Who are the dumbfcuks in her California distirct that keep re-electing her to her seat.  Asshats.  

We deserve the government we vote for.  

Wed, 02/22/2012 - 18:45 | 2186757 Widowmaker
Widowmaker's picture

Where has this bitch been the last decade?  This ain't no secret, it's POLICY!!

Goldman fucks stockpiling tankers of crude off the coast - one would think 'someone' would notice.

Perhaps Congress will get a clue before the US is a pile of rubble, but I doubt it as long as finance-fags have them charmed with campaign "speech."

Wed, 02/22/2012 - 18:45 | 2186759 You Lie
You Lie's picture

BIG Apple is now bigger than BIG OIL.   So what if it were Apple???

 

“Independent reports confirm that speculators are driving up the cost of APPLE PRODUCTS, hurting consumers and potentially damaging the economic recovery. Wall Street profiteering, not APPLE PRODUCT shortages, is the cause of the price spike.  In fact, FOXCONN APPLE  production is at its highest level since 2003, and millions of children have been enslaved for additional development.

“We need to take strong action to protect consumers from this speculation. 

Wed, 02/22/2012 - 18:46 | 2186760 ArkansasAngie
ArkansasAngie's picture

Beneath Romney's beautiful hair is a ... space alien.  So it really doesn't matter which is prettier ... they are all bad for you ... and me ... and the world

Wed, 02/22/2012 - 18:48 | 2186765 miker
miker's picture

Pelosi is RIGHT!  She just has the wrong manipulator.  The real manipulator is the Fed, Treasury, President and major oil countries, most  notably the Saudi's.

When the econ crisis hit, the price control of oil was critical.  EVERYTHING in our economy is based on oil.  LETTING oil fall per market forces would produce one hell of a deflationary spiral.  Therefore, be it resolved, that this will NOT happen.  Just last week or so, the Saudi's announced they were cutting bac production.  HMMMM. 

So oil WILL NOT DROP.  Bank on it.  Likewise, it will not go much higher.  The MF Global conspiracy helped put the small/medium future's players on notice so now, only the government shills (Goldman, Morgan, etc.) will play in the market and they will play by the rules (set by Geithner and Bernake).

Oil WILL NOT drop significantly in price, nor will it rise signficantly.

Wed, 02/22/2012 - 18:50 | 2186771 css1971
css1971's picture

millions of acres have been cleared for additional development.

Eh? What?

Wed, 02/22/2012 - 18:57 | 2186811 haskelslocal
haskelslocal's picture

Cleared as in approved for offshore leases.

Wed, 02/22/2012 - 20:42 | 2187201 krispkritter
krispkritter's picture

FEMA camps?

Wed, 02/22/2012 - 18:53 | 2186784 Piranhanoia
Piranhanoia's picture

As long as angry people focus on personalities, we are not going anywhere.  They don't address anything meaningul, they only rage to make you rage.  They segregate to isolate, they inflame to separate us from our similarities as citizens.  Same old boss, same old message,  biding their time cashing out of paper into something they can't destroy. They know,  they are destroying paper and faith and law and everything else that isn't part of the foundation.  They are just waiting to see how many Greek antiquities are sold before they try it here.

Wed, 02/22/2012 - 18:53 | 2186786 shushup
shushup's picture

Nancy - You ignorant Bitch !

Wed, 02/22/2012 - 19:48 | 2186822 Jim B
Jim B's picture

Actually Ms. Troll Bitch to you! 

Wed, 02/22/2012 - 19:09 | 2186862 Dr. Engali
Dr. Engali's picture

Don't you mean ....Nancy you ignorant slut!?

Wed, 02/22/2012 - 18:54 | 2186790 Uchtdorf
Uchtdorf's picture

Look at the picture of her again (if it won't turn you to stone, that Medusa-like appearance of hers). She's standing in front of a bunch of US flags. What an insult to all the brave men and women who have died fighting under Old Glory. Ron Paul's right. Bring 'em all home. What we now call country ain't worth dying for in some camel dung-strewn, sandy stretch of ground. Bring our soldiers home!

Wed, 02/22/2012 - 20:27 | 2186796 ACP
ACP's picture

Man, fuck all this shit.

Sounds like the last words of Marie Antoinette, before...

Wed, 02/22/2012 - 18:57 | 2186810 Catullus
Catullus's picture

Purhaps those evil speculators are speculating there's going to be a war with a major oil exporter.  Or like there's some sort of embargo going on right now.  Tough to say.  Whatever it is, we need more solar panels and wind farms. 

 

Wed, 02/22/2012 - 19:06 | 2186852 Reese Bobby
Reese Bobby's picture

Home run. Classic.

Wed, 02/22/2012 - 18:59 | 2186817 Saro
Saro's picture

Yep.  Only two things you need to know about oil prices:

1.  The evil Republicans are keeping the noble Democrats from lowering oil prices, which are too high.

2. The evil Republicans are keeping the noble Democrats from disposing of subsidies to oil companies, which are keeping the prices too low.

Remember whichever story enrages you the most, and kindly forget the other.

Wed, 02/22/2012 - 20:40 | 2187192 Archon7
Archon7's picture

You forgot that evil republicans are also preventing new pipelines, drilling, and refineries from being opened also.

Wed, 02/22/2012 - 18:58 | 2186818 geoffreys7
geoffreys7's picture

Welcome to the "Twilight Zone"

Wed, 02/22/2012 - 23:44 | 2187749 sullymandias
sullymandias's picture

Twilight Zone? It's the fucking Walking Dead! Look at her!

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/nanpelosi.jpg

Wed, 02/22/2012 - 18:59 | 2186820 chump666
chump666's picture

She is f*cking idiot.

 

Wed, 02/22/2012 - 18:58 | 2186821 ex VRWC
ex VRWC's picture

Nailed it simply and clearly in The ZIRP Song.  Pelosi is trying to make this an issue against the Republicans.  The Republicans, for their part (except Ron Paul) cannot point the finger at the easy money policies that drive it.  Instead they allow themselves to get suckered into foolish debates about green energy while spouting off about Solyndra.  Too bad they are missing a great opportunity to hang high fuel prices around Obama, Geithner, and Bernanke's neck.

Wed, 02/22/2012 - 19:01 | 2186833 Bunga Bunga
Bunga Bunga's picture

Negative gas bitchez.

Wed, 02/22/2012 - 19:03 | 2186839 BULLSHITARTIST
BULLSHITARTIST's picture

MillionDollarBonus from an above post is truly a FUCKTARD!!!!!!!!!!

Wed, 02/22/2012 - 19:04 | 2186842 Reese Bobby
Reese Bobby's picture

Quiet, stupid.

Wed, 02/22/2012 - 19:07 | 2186855 Dr. Engali
Dr. Engali's picture

Maybe you ought to read a few of his posts then comment. It will save you some embarrassment later on.

Wed, 02/22/2012 - 19:03 | 2186840 Reese Bobby
Reese Bobby's picture

Where would we be without Nancy Pelosi?

Wed, 02/22/2012 - 19:04 | 2186843 Dr. Engali
Dr. Engali's picture

I don't know what I hate worse. Dumb politicians or the stupid people who vote them into office.

Wed, 02/22/2012 - 19:09 | 2186861 Uchtdorf
Uchtdorf's picture

Ah, there's the rub. Our course is now irreversible. Too many stupid voters.

Wed, 02/22/2012 - 19:09 | 2186863 css1971
css1971's picture

I think they are wonderful.

Wed, 02/22/2012 - 19:21 | 2186910 bob_dabolina
bob_dabolina's picture

The best argument against democracy is a five-minute conversation with the average voter

-Winston Churchill

Wed, 02/22/2012 - 19:05 | 2186848 chump666
chump666's picture

lol there is a war about to take place and this fool talks about speculation!!!

Nancy wake the f*ck up.  Obama declared economic war on Iran by messing with their currency, trying to force inflation (yeah bizarre huh?).  Anyways, Iran has something the US doesn't, f*cking energy you dumb bitch.  Ok, so, Iran tightens the screws and sends the US into a social/political chaos zone.  That's it.  You f*ck with the bulll you take the horn.

The mind boggles...Y'know I hope OWS2 raise hell.  Seriously. 

Wed, 02/22/2012 - 19:08 | 2186858 Offtheradar
Offtheradar's picture

I wish they would find her in a dumpster someday soon.

Wed, 02/22/2012 - 19:08 | 2186860 css1971
css1971's picture

OK. Hands up. I admit it, at the momement I'm an oil speculator.

But Nancy. I don't live in America. I don't trade in America so I don't see what it has to do with you or the American consumer. Don't you get your gas from Canada anyway? Now there's a country you can invade without risk.

p.s. Oh My God what a photo. Put on a pointy hat and we have a Wicked Witch of the West.

Wed, 02/22/2012 - 19:39 | 2186992 unrulian
unrulian's picture

no they refused our free oil...a US invasion wouldn't work...if you can't win in afganistan where it's toasty warm... you'll freeze to death up here

Wed, 02/22/2012 - 19:10 | 2186871 Seasmoke
Seasmoke's picture

this must be putting a crimp in her household budget, when filling up her private jet

Wed, 02/22/2012 - 20:31 | 2187171 LongBallsShortBrains
LongBallsShortBrains's picture

Don't worry darling..... The taxpayer picks up the tab.

Wed, 02/22/2012 - 19:10 | 2186874 Vince Clortho
Vince Clortho's picture

Did she say "Economic Recovery" ? ...

Wed, 02/22/2012 - 19:11 | 2186876 Atomizer
Atomizer's picture

Hello Nancy, do you remember the year of 2008? 

http://articles.economictimes.indiatimes.com/2008-07-11/news/27725203_1_...

What happened after that?

http://news.xinhuanet.com/english/2010-01/01/content_12737638.htm

Do you really want to believe the pile of bullshit you're serving to the public? No one is interested in buying the channel stuffed inventory bulging at the seams.

Fuck off cunt

 

 

Wed, 02/22/2012 - 19:56 | 2186882 Outlaw Of The W...
Outlaw Of The Wasteland's picture

communists (nee democrats) and their families should be hunted down and killed.  ALL are jews and their amalgam of  blacks, homos, illegals, communists, fetus killers. muslims, and atheists.  It is time for a house cleaning in The West.

The propoganda media arms of dc and their smarmy amalgam of jews and blacks should be stormed, firebombed, and everyone that runs from the buildings shot and killed.  Their wallets and purses should be pulled for addresses and their homes firebombed, their spouses and children shot and killed with ashes spread over the charred earth where their homes once stood.

I do believe collective punishment is in order for what has been done.

 

Wed, 02/22/2012 - 20:26 | 2187156 Outlaw Of The W...
Outlaw Of The Wasteland's picture

junk away, "jews"

Wed, 02/22/2012 - 22:23 | 2187535 frostfan
frostfan's picture

There's a lot more white Christians in jails than jews.  Why are so many white Christians lazy good for nothing cheats, thugs, bullies, drunks, drug addicts and liars Outlaw? 

Wed, 02/22/2012 - 23:04 | 2187628 Outlaw Of The W...
Outlaw Of The Wasteland's picture

If there were more like me, all your daughters would be dead and your yeshivas lying in ashes.

Property Rights would be restored, and we would welcome each other Merry Christmas with hugs and smiles.

Wed, 02/22/2012 - 23:38 | 2187734 tmosley
tmosley's picture

You like collective punishment?  Then boy are you in for a fantastic near future!

This and many more war crimes can be yours, for just the price of your vote.  Vote Mainstream!  Otherwise, you're a terrorist and will be collectively punished along with everyone you know!

Wed, 02/22/2012 - 19:15 | 2186886 DavidC
DavidC's picture

"...with these idiots in charge one thing is certain - the situation is about to get far, far worse".

Indeed.

DavidC

Wed, 02/22/2012 - 19:14 | 2186887 Dr. Engali
Dr. Engali's picture

Nancy you do know if it wasn't for petroleum you couldn't have all those plastic surgeries ? Of course that's probably the underlying fundemenals to this market.

Wed, 02/22/2012 - 19:17 | 2186895 kill switch
Wed, 02/22/2012 - 19:19 | 2186902 zebra
zebra's picture

Pelosi: I am against all the speculation... (cell phone ring) Hello? Ben? Yes, go ahead and print another trillion please. TIA.

Wed, 02/22/2012 - 19:20 | 2186904 skepticCarl
skepticCarl's picture

Pelosi shrewdly expects the price of crude to drop shortly, and she will be able to take some degree of credit for "standing up to the big speculators".  If she is wrong about the coming price drop, she still wins, because, except for us at ZH, who wants higher oil prices?  She is at least cheering for the right team.

Wed, 02/22/2012 - 19:20 | 2186909 Fix It Again Timmy
Fix It Again Timmy's picture

Nancy is living proof that excessive amounts of BOTOX remove all brain wrinkles.  Her brain resembles the surface of a bowling ball.  You don't need to be a neurologist to know that can't be good...

Wed, 02/22/2012 - 19:23 | 2186917 bugs_
bugs_'s picture

those waskaly ..... democwats?

Wed, 02/22/2012 - 19:23 | 2186918 VelvetHog
VelvetHog's picture

Why does the word "cunt" keep going through my mind after reading Nancy's statement?

Wed, 02/22/2012 - 19:24 | 2186922 Reese Bobby
Reese Bobby's picture

Inflation is still "transitory", right?

Wed, 02/22/2012 - 19:26 | 2186931 ghostzapper
ghostzapper's picture

stop printing in the near future (well you know they can't stop just take the foot off the pedal a bit) and along with the ECB holding off after LTRO2 . . . . . . . . . . within a few weeks oil will be about 75/barrel.

 

then, take credit for helping the average schmuck see falling prices at the pump. 

 

when the S&P 500 is ready to plunge through 1,000 due to withdrawals from crack cocaine and heroin, tell Shalom to put his foot back on the pedal.  jack up assets heading into November and hope enough fuckstick morons are dumb enough to vote for Obama again.  along the way take credit for a rising stock market that is discounting tremendous economic growth.  wash, rinse, repeat.  capiche?

Wed, 02/22/2012 - 19:27 | 2186936 Marge N. Callz
Marge N. Callz's picture

Ms. Thundercunt is only upset because she wasn't given an insider tip ahead of time.  Besides just ask Big Ben if food and energy prices really matter.  He will tell you "NO!" because prices fluctuate.  It surely is most certainly not inflation.  But if prices go down, that surely most certainly is deflation and we must print, print, print in order to keep this economic "recovery" going.

Wed, 02/22/2012 - 19:28 | 2186941 Outlaw Of The W...
Outlaw Of The Wasteland's picture

kill this marrano whore bitch's husband and grandchildren.  One bullet ends this whore

Wed, 02/22/2012 - 19:28 | 2186942 non_anon
non_anon's picture

she is one of the worst scoundrels known to mankind and in history

Wed, 02/22/2012 - 19:29 | 2186946 Quinvarius
Quinvarius's picture

Free markets or scarcity.  Take your pick, bimbo.

Wed, 02/22/2012 - 19:30 | 2186953 boooyaaaah
boooyaaaah's picture

All we need are Whip Inflation Now buttons
And we will WIN

Wus wrong wid youse guys

Wed, 02/22/2012 - 19:31 | 2186960 bob_dabolina
bob_dabolina's picture

Is there a glitch or did RBOB futures just explode? 

Wed, 02/22/2012 - 19:35 | 2186977 Hedgetard55
Hedgetard55's picture

Where is the respect due Madame Pelosi?

She has devoted her life to public service. She was Skeezer of the House for 4 years. She never, ever took advantage of inside information to trade, or steered contracts to her husband's company when she could easily have.

Wed, 02/22/2012 - 22:38 | 2187569 chump666
Wed, 02/22/2012 - 19:36 | 2186981 janxeh
janxeh's picture

lol Pic resembles deer in the headlights.

Wed, 02/22/2012 - 19:38 | 2186989 boooyaaaah
boooyaaaah's picture

If its good enough for Gerald Ford
It's good enough for Nancy

WIN buttons

Show that you are as committed as
Nancy (will be committed).

http://www.cafepress.com/+whip_inflation_now_35_button,196509150

Wed, 02/22/2012 - 19:40 | 2186995 Uinta
Uinta's picture

Nancy I speculate the Fed is printing. Sue me.

Wed, 02/22/2012 - 19:45 | 2187008 Coldfire
Coldfire's picture

Pelosi is right, it's the evil speculators trying to set the Middle East on fire that are to blame.

Wed, 02/22/2012 - 19:45 | 2187010 bankonzhongguo
bankonzhongguo's picture

Cunt.

Wed, 02/22/2012 - 19:45 | 2187011 Irish66
Irish66's picture

God bless the Tayler's for the truth, I feel liberated when I read this.

Wed, 02/22/2012 - 19:47 | 2187016 penexpers
penexpers's picture

If Obama dressed up as Darth Vader and declared war on the Rebel Alliance live on CNN you'd still see statists like Pelosi ramble on about the GOPs "hatred for women" and Santorum's Satan ramblings.

KEEP ON MESSAGE, YA'LL! KEEP ON MESSAGE! DON'T MENTION THE FED!

Do NOT follow this link or you will be banned from the site!