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Obama Bashes Big Oil - Listen Here

Tyler Durden's picture




 

It has been at least 1 hour since the president decided to scapegoat someone for something. Here he is now, bashing Big Oil for his own policy errors. Will Obama also bash Big Oil for not defying him in blocking strategic pipeline expansions? Find out here, and do a shot every time "clean energy" is mentioned.

 

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Thu, 03/29/2012 - 11:02 | 2300592 EscapeKey
EscapeKey's picture

Shot every time he says "speculators."

I'm not an alcoholic, neither do I plan on becoming one.

Thu, 03/29/2012 - 11:07 | 2300621 Dr. Engali
Dr. Engali's picture

I need a little hair of the dog after last night anyway. This should help.

Thu, 03/29/2012 - 11:13 | 2300640 Buckaroo Banzai
Buckaroo Banzai's picture

I smell a windfall profits tax!!!

Thu, 03/29/2012 - 11:14 | 2300654 Zero Govt
Zero Govt's picture

it's called socialism

...tax everything that moves and when it stops moving, blame the capitalists

Thu, 03/29/2012 - 11:23 | 2300718 LawsofPhysics
LawsofPhysics's picture

Are bailouts for private companies using public funds part of socialism or is that capitlism?  Fuck off idiot.

Thu, 03/29/2012 - 11:28 | 2300733 Dr. Engali
Dr. Engali's picture

It's neither , it's called fascism.

Thu, 03/29/2012 - 11:47 | 2300803 LawsofPhysics
LawsofPhysics's picture

I should have used my < sarc > flags, sorry.

Thu, 03/29/2012 - 13:33 | 2300808 Pinto Currency
Pinto Currency's picture

 

 

Obama attacking "big oil" is a farce.

He is funded by Wall Street and the Oil Companies and he jumps up and down when he thinks he can get some votes - but he has done nothing with respect to Wall Street and the Fed and has attacked the coal industry that only helps "big oil".

Thu, 03/29/2012 - 12:01 | 2300856 FrankThinkTank
FrankThinkTank's picture

You fell for the illusion that they were ever private banks.

Thu, 03/29/2012 - 12:32 | 2300945 Carl Spackler
Carl Spackler's picture

Agreed, Lawsofphysics just exposed himself as part of that truly gullible class called the "sheeple."

 

 

Thu, 03/29/2012 - 12:43 | 2300977 LawsofPhysics
LawsofPhysics's picture

look up sarcasm idiot.

Thu, 03/29/2012 - 12:02 | 2300848 Woodyg
Woodyg's picture

Lets look at ACTIONS and not rhetoric......

and when it comes to ACTION - Obama is as far from a socialist as possible....  all the way to the other side called FASCIST.

Or did you not notice he has given Big Oil everything they want - drilling off both coasts, Immunity for BP(who by the way is the largest supplier of gas for the USA military - and is owned by Blackrock - a dem supporting entity)

opening up Alaska and the arctic to Big Oil..... fracking? hell thats clean to the Oilybomber.

ACTIONS trump rhetoric-  I'm sure obama is saying - as he has Many times (ask canada vis-a-vis NAFTA) "don't worry I'm not actually going to do any of that - it's for the Sheeple"

Obama is outbushing shrub bush for christ sakes......

Obummer is the perfect republican - neuters the left while pushing the very same policies the bush clan loves so much......

And wheres Jeb?  The bushes are like cockroaches - you Cannot get rid of them - and right now for the 1st time in generations we don't have a bushie in the halls of power.

Thu, 03/29/2012 - 12:02 | 2300858 FrankThinkTank
FrankThinkTank's picture

Do your research. No drilling permit goes un-litigated by the EPA

Thu, 03/29/2012 - 12:08 | 2300876 Woodyg
Woodyg's picture

so you're saying the EPA is on the side of the Environment and not a revolving door between the oil and gas industry and a captured guv agency?

I'd suggest you pull off your blinders if you think that is the case.....

industry concerns merged with governmental powers isn't populism... that's called another name

Thu, 03/29/2012 - 12:37 | 2300955 Carl Spackler
Carl Spackler's picture

One thing, though, Socialist and Fascist are not on the other side. 

They are siblings like fraternal twins.

 Ever notice that the political party in control in Germany in the 1930s and 1940s was a National SOCIALIST faction ?!

Thu, 03/29/2012 - 13:01 | 2301047 TMT
TMT's picture

"Or did you not notice he has given Big Oil everything they want".  That's total bullshit.  Do some research - look at the number of permits Hussein has issued.  You look foolish.

Thu, 03/29/2012 - 13:01 | 2301048 TMT
TMT's picture

"Or did you not notice he has given Big Oil everything they want".  That's total bullshit.  Do some research - look at the number of permits Hussein has issued.  You look foolish.

Thu, 03/29/2012 - 11:26 | 2300726 Dr. Engali
Dr. Engali's picture

No that's beer farts you smell.

Thu, 03/29/2012 - 11:15 | 2300645 MassDecep
MassDecep's picture

What they say=Obama Bashes Big Oil

What they mean= The owners of Big Oil, (Central Banks), want Obama re-elected so they told him to Bash the idol, "Big Oil" to gain favor with your fellow ignorant Amerikans.

 

 

 

Thu, 03/29/2012 - 11:24 | 2300719 scatterbrains
scatterbrains's picture

yea I was wondering about that.. isn't big oil = the central bankers = connected .01% ?  Could we see a wind fall profit tax first and then the next instant maybe double the price of gasoline (skirmish with Syria) to help the .01%  service all this debt they created?

 

Thu, 03/29/2012 - 11:40 | 2300743 scatterbrains
scatterbrains's picture

Also in this engineered stock rally how far does the nutsack/DTCC need to push higher IBM/AAPl in order to maintain a positive chart trajectory while they work to keep  XOM/CVX suppressed during this approaching election time window? 

Thu, 03/29/2012 - 12:37 | 2300959 Colonial Intent
Colonial Intent's picture

Exactly, they hedge the risk by backing both horses (in a two horse race)

 

Thu, 03/29/2012 - 11:22 | 2300703 azzhatter
azzhatter's picture

I did some speculating last night, filled my car up because I speculated the price would be higher on Friday

Thu, 03/29/2012 - 11:51 | 2300815 Kaiser Sousa
Kaiser Sousa's picture

I bet 100 oz's of Silver he doesn't say Petroldollar once...

Thu, 03/29/2012 - 20:34 | 2302381 RussellChester8
RussellChester8's picture

my friend's sister makes $74/hr on the computer. She has been out of a job for seven months but last month her check was $17871 just working on the computer for a few hours. Read more on this site .... http://bit.ly/wYpMrv

Thu, 03/29/2012 - 11:03 | 2300597 transaccountin
transaccountin's picture

Bush's fault!

Thu, 03/29/2012 - 11:03 | 2300598 espirit
espirit's picture

Zzzzzz....buy phyzz.

Thu, 03/29/2012 - 11:05 | 2300606 Colonial Intent
Colonial Intent's picture

Breaking news on ZH, politician panders to base........

Thu, 03/29/2012 - 11:17 | 2300666 Zero Govt
Zero Govt's picture

breaking news, the US President is a moron

Thu, 03/29/2012 - 11:20 | 2300690 Colonial Intent
Colonial Intent's picture

And you sir are over qualified for the presidency.

Thu, 03/29/2012 - 11:22 | 2300706 Zero Govt
Zero Govt's picture

my reading from an auto-cue skills are not up to scratch

Thu, 03/29/2012 - 12:31 | 2300942 Colonial Intent
Colonial Intent's picture

“The heaviest penalty for declining to rule is to be ruled by someone inferior to yourself.”

Thu, 03/29/2012 - 11:37 | 2300766 Normalcy Bias
Normalcy Bias's picture

Social Promotion carried to the theoretical limit...

Thu, 03/29/2012 - 11:05 | 2300608 stateside
stateside's picture

One shot of jack down.

stateside

Thu, 03/29/2012 - 11:05 | 2300609 notadouche
notadouche's picture

Did he just set up a platform for a government owned oil company as well?

Thu, 03/29/2012 - 11:25 | 2300723 SilverRhino
SilverRhino's picture

At which point it will become "clean energy"

Thu, 03/29/2012 - 11:28 | 2300732 Clueless Economist
Clueless Economist's picture

Some Fecking piece of shit liberal moron wrote a suggestion in a letter to the editor about the closing Sunoco refineries in Philly.  He wants the GOVT to take over the refineries and have a special GOVT agency in the Dept of Energy refine the oil into gas and sell it to consumers at a cheaper price than Big Oil does.

LOL the GOVT is not qualified to run a fecking Lemonade stand.

Can you image the price of gas per gallon after paying idiot GOVT workers and the layers of bueracracy and inefficiency.  They couldn't refine a gallon of gas for less than $10.

Wait, I am Paul Krugman and I endorse the idea of the GOVT getting involved into the  refining business.

Thu, 03/29/2012 - 12:42 | 2300976 Augustus
Augustus's picture

In that regard, recall that the US Govt. just paid a $10,000,000 prize for the invention of a new $50 light bulb.

Thu, 03/29/2012 - 15:16 | 2301491 BeetleBailey
BeetleBailey's picture

Fecking? Fecking????!!!

You must be Krugman - you can't even spell fucking correctly.

Thu, 03/29/2012 - 11:07 | 2300613 Dr. Engali
Dr. Engali's picture

All these" investments" paid for with money created from thin air.

Thu, 03/29/2012 - 11:18 | 2300679 Colonial Intent
Colonial Intent's picture

so are your wages....

Thu, 03/29/2012 - 12:03 | 2300707 Dr. Engali
Dr. Engali's picture

But my "wages" are very quickly converted to things of value like gold , silver,lead,and brass.

Thu, 03/29/2012 - 11:27 | 2300728 LawsofPhysics
LawsofPhysics's picture

Bullshit.  I deliver a physical good.  I collect wages when I deliver.  Know the real value of your labor?  You fucking better.

Thu, 03/29/2012 - 12:45 | 2300984 Colonial Intent
Colonial Intent's picture

How quaint, you're still a believer......

Thu, 03/29/2012 - 11:07 | 2300617 AN0NYM0US
AN0NYM0US's picture

from another thread this is ST. Louis Fed's Emmon's presentation on Mortgage Debt (who hired this guy?)

 

http://www.mortgagebankers.org/files/Conferences/2012/Servicing/Servicin...

Thu, 03/29/2012 - 11:07 | 2300619 fuu
fuu's picture

OT: Platinum getting BLOWTORCHED.

 

derp

Thu, 03/29/2012 - 12:55 | 2301020 fuu
fuu's picture

Sorry Trav.

Thu, 03/29/2012 - 11:07 | 2300620 stateside
stateside's picture

Obama just announced Government Motors is rolling out the Green Energy Flintsone's car powered by feet....hey WIIIILLLLLMMMMAAAAAAAAAA!

stateside

Thu, 03/29/2012 - 11:07 | 2300623 UTICA CLUB XX PURE
UTICA CLUB XX PURE's picture

MORE US AGAINST THEM DOGMA FROM THE NAKED PREZ...

Thu, 03/29/2012 - 11:22 | 2300651 Buckaroo Banzai
Buckaroo Banzai's picture

What else would you expect from a shakedown artist, er I mean, community organizer?

Thu, 03/29/2012 - 11:09 | 2300628 RyanW525
RyanW525's picture

WTI down $2 over past 1-1/2 hours...

Thu, 03/29/2012 - 11:30 | 2300742 Clueless Economist
Clueless Economist's picture

Damn speculators

Thu, 03/29/2012 - 11:10 | 2300633 lakecity55
lakecity55's picture

The worst creature to ever inhabit the now renamed "White Mosque."

This guy has more AKAs than most career criminals.

The Internationsl Man of Myster(ious Marxism).

Thu, 03/29/2012 - 11:21 | 2300697 John Law Lives
John Law Lives's picture

It is really something that the building could end up being occupied by G.W. Bush followed by Obumble followed by Romney (certainly still TBD). What a trio of duds.

Thu, 03/29/2012 - 11:09 | 2300634 espirit
espirit's picture

Nationalize big oil under the defense mandate.

Thu, 03/29/2012 - 11:14 | 2300655 espirit
espirit's picture

Snap cards for food, Gasp cards for fuel.

Thu, 03/29/2012 - 11:33 | 2300752 Hansel
Hansel's picture

Yeah!  Like Iran did in 1951!  Then maybe China can come overthrow Obama, and we can hate China forever.  Then China can slap sanctions on us for having nuclear weapons.  Then they can bomb us because they told us we can't have nuclear weapons.  Yeah!

Thu, 03/29/2012 - 13:08 | 2301069 Colonial Intent
Colonial Intent's picture

Shhh, that version of history is not approved for discussion on ZH.

Thu, 03/29/2012 - 13:07 | 2301065 TMT
TMT's picture

I hope you're being sarcastic but just in case ... fuck off statist.  If you like central planning and socialism go elsewhere.

Thu, 03/29/2012 - 15:30 | 2301539 weinerdog43
weinerdog43's picture

Says the fascist.

Thu, 03/29/2012 - 11:13 | 2300647 AssFire
AssFire's picture

Per kw-hr green energy gets 60 times the subsidies, 5 -7 times what the oil companies receive in total.

Fucking riot generating communist,

Thu, 03/29/2012 - 11:20 | 2300689 Flakmeister
Flakmeister's picture

Clearly you have never owned a royalty trust....

The indirect subsidies for fossil fuels dwarf that of the alternatives....

Thu, 03/29/2012 - 11:42 | 2300780 AssFire
AssFire's picture

Clearly you are flakey and therefore a liberal.. Per kW hr dumbass.

Thu, 03/29/2012 - 19:49 | 2302172 Flakmeister
Flakmeister's picture

My what a snappy comeback... Me thinks that my point flew way over your head... (and I mean way over...)

Thu, 03/29/2012 - 11:20 | 2300692 lizzy36
lizzy36's picture

Exactly.

If you think people are howling over the price of gas +10-20%, wait until their $20/MWh coal is replaced with $120/MWh wind.

America with the help of GE/GM built the car that America needed:the Volt. Too bad Americans didn't BUY IT. Perhaps it is time for Obama to go back to econ 101 class.

Pretty sure he will take ownership of all the employment gains that the "for profit" Oil and Gas companies have created in the last 2 years, while simultaneously vilifying them for making money.

Thu, 03/29/2012 - 20:59 | 2302433 StychoKiller
StychoKiller's picture

"The Fatal Conceit" is unfortunately, NOT fatal to the Idjuts excersizing it!

Thu, 03/29/2012 - 11:17 | 2300652 AN0NYM0US
AN0NYM0US's picture

Bullish News

 

Best Buy to close 50 US stores in fiscal 2013; adj. 4th-quarter profit tops Street’s view

 

http://www.washingtonpost.com/national/best-buy-to-close-50-us-stores-in...

 

http://www.investors.bestbuy.com/phoenix.zhtml?c=83192&p=irol-newsArticl...

Thu, 03/29/2012 - 11:15 | 2300656 I should be working
I should be working's picture

What a joke, you want to bash someone for high oil prices, how about the fed?

You want to reign in commodities, how about some real interest rates?

Or if you are Obama, just release from the SPR.  That will work for about one week.

Thu, 03/29/2012 - 11:23 | 2300715 EscapeKey
EscapeKey's picture

It'll work for much longer than that:

1. Leak rumours that you consider releasing from the SPR.

2. Comment on said rumours.

3. Leak that you're about to do it.

4. Declare that you consider doing it.

5. Declare that you will do so.

6. Announce a set date for said release.

7. Release a fraction of promised release.

8. Announce that Saudi Arabia have promised to increase their output.

 

Thu, 03/29/2012 - 12:11 | 2300885 hedgeless_horseman
hedgeless_horseman's picture

 

 

9.  Tax the shit out of fuel.

Thu, 03/29/2012 - 11:29 | 2300740 CrashisOptimistic
CrashisOptimistic's picture

The Printing Created High Oil prices meme is somewhat desperately growing on ZH.

I remind you all that the summer 2008 spike in WTI yielded about $150/barrel.  That was before QE even was in the lexicon, let alone actually having taken place.  And since then as printing has occurred en masse, we have not seen WTI that high.

It's not printing that has driven oil up, guys.  When you form a hypothesis and a data point exists that disproves it, you don't ignore the data point.  You discard the hypothesis.

 

Thu, 03/29/2012 - 12:17 | 2300901 SilverRhino
SilverRhino's picture

Printing + demand + reducing supplies are what drives prices up.   We do actually understand basic economics here.

 

 

Thu, 03/29/2012 - 13:58 | 2301232 CrashisOptimistic
CrashisOptimistic's picture

Economics is a discredited discipline.  The supposedly immutable law of supply and demand is not physics.  It is the imagining of human behavior, which need not be universal.

Oil's price is up because sellers insist on that price and buyers have to buy and can't get it for less elsewhere.  And by sellers and buyers I mean refineries and countries that produce oil -- not NYMEX.

Thu, 03/29/2012 - 12:45 | 2300986 LawsofPhysics
LawsofPhysics's picture

So you are saying that there is no cost for creating capital without adding any real value (ZIRP circle jerk)?  You are an idiot.

Thu, 03/29/2012 - 11:48 | 2300812 lakecity55
lakecity55's picture

BO is going to empty  the SPR so "Vladimir" will have an easier time wiping out the US military.

Thu, 03/29/2012 - 13:06 | 2301063 Colonial Intent
Colonial Intent's picture

Are you late in taking your meds today little boy?

Thu, 03/29/2012 - 11:14 | 2300657 digalert
digalert's picture

Do you think 'Big Oil' is in TPTB? yep

Thu, 03/29/2012 - 11:15 | 2300659 Everybodys All ...
Everybodys All American's picture

Nat gas trades near all time lows but that is never considered part of the solution by this president. It's green politics isn't it.

Thu, 03/29/2012 - 11:18 | 2300680 Buckaroo Banzai
Buckaroo Banzai's picture

You can't raise billions in tax confiscations on the back of a badly underpriced and underused resource like natural gas.

You need a robustly priced commodity that virtually every tax slave cannot do without and is thus compelled to buy no matter what tax burden is placed upon it.

You have to start thinking more like a criminal.

Thu, 03/29/2012 - 11:23 | 2300716 Flakmeister
Flakmeister's picture

Look at what is paying the freight for the current shale NG plays... it is the associated liquids... the gas will pay for itself when it is about $7 per mcf....

But you are clueless when it comes to details....

Thu, 03/29/2012 - 11:35 | 2300760 Hippocratic Oaf
Hippocratic Oaf's picture

Watch out Buckaroo.......first Flake-meister will insult you, then when you respond he will dare you. When you actually defend yourself and take his dare.....he'll make a bet with you. Don't fall for his trap. After all, he's got a P.h D.

Thu, 03/29/2012 - 19:55 | 2302165 Flakmeister
Flakmeister's picture

Ah... if it isn't my latest favorite asshat here at the Hedge

Is there anything that you can add to the discussion? Or do you still rely on Right Wing Fucktards for your talking points?

Remind, what was the physics reason why AGW was a hoax? And let me guess Peak Oil is one of them dar conspiracy theories as well...

Thu, 03/29/2012 - 17:06 | 2301867 Evil Bugeyes
Evil Bugeyes's picture

Actually $7 per mcf would work out to under $1/gallon of gasoline on an energy-equivalent basis. And Honda is already selling NG powered cars with a fairly decent range (they claim up to 190 miles, actually probably more like 120-150, I expect).

Might be time to consider using NG for transportation?

Thu, 03/29/2012 - 19:26 | 2302154 Flakmeister
Flakmeister's picture

Maybe when the US is not a net importer of NG....

BTW, if current NG corresponds to $2.65 a gallon (based on home delivery of NG)  how do you get to your number? Or do you assume that the gas just magically appears where you need it?

Thu, 03/29/2012 - 20:32 | 2302343 Evil Bugeyes
Evil Bugeyes's picture

Are saying gasoline isn't practical as a fuel because the US imports petroleum?

I am surprised that a college professor is unable to do simple arithmetic. Try to work it out for yourself. If you really can't figure it out, let me know and I'll show you how the calculation is done.

Home NG prices are high because most people are forced to purchase NG from a monopoly supplier. Competition (as between NG service stations) would likely bring them down a lot. A monopoly supplier doesn't have much incentive to keep costs down.

Also, with home NG you have fixed costs (e.g. maintaining the pipes to each individual home, sending a meter reader around each month, etc.) which must be amortized over a relatively small amount of NG being consumed. If I consume ten times the amount of NG per month, the fixed prices can be amortized over a much larger amount of NG. So the fixed costs should become a much smaller percentage of the overall cost, and prices should approach the pure cost of NG.

And many of these home distribution costs disappear when you are buying in bulk from a service station.

Take a look at current cng stations and prices:

http://www.cngprices.com

In many places, they are much lower than the $2.65 that you quote. For example, I see $1.39 in Wyoming and $0.88 in Corpus Christi, Texas. And this is without much competition in the market yet.

Thu, 03/29/2012 - 21:14 | 2302457 Flakmeister
Flakmeister's picture

If the US currently imports NG on a net basis and say one were to replace 5% of current oil based transportation with NG, what would be the increased demand for NG? In other words, convert US NG production to BOE taking into account that the US still imports NG on a net basis....

That is my point...

There is about a 1-2% glut in NG production at present... Much of this excess in NG is due to wells that are being paid for by the associated liquids (i,e. the producers don't care about the price of the NG)...What part of the shales do you think are being exploited first? Could it be the liquid rich ones???

The apparent price advantage of NG will vanish within 18-24 months. A lot of people are getting fooled into proposing long term solutions based on a short term phenomena.....

You do realize that the decline rate of existing NG wells is such that new wells have to be the equivalent of replacing the production from the entire state of Texas each year...

Or do you think that we can continue exponentially increasing the number of rigs?

Look... CNG has its place, e.g. short range fleet usage, but it is not a panacea for Joe Six Pack...

Thu, 03/29/2012 - 22:27 | 2302584 Evil Bugeyes
Evil Bugeyes's picture

Well for 2011, petroleum was 37% of US primary energy consumption while NG was 25% of US primary energy consumption. So to replace 5% of petroleum consumption with NG would require NG consumption to increase by 7.4%. That doesn't seem impossible by any means.

I agree that NG is incredibly cheap right now and I don't expect that the current super-low prices will last. But even at $6/MMBtu which is more consistent with the NG average price over the last decade, NG is still very attractive compared to petroleum.

Fri, 03/30/2012 - 08:14 | 2303024 Flakmeister
Flakmeister's picture

What happens when you have an expensive new infrastracture based on NG that requires imported LNG? You will be looking at the same prices as Asia  $16-17 per MMBtu...

Thu, 03/29/2012 - 11:15 | 2300661 Hopeless for Change
Hopeless for Change's picture

Obama bin Lyin'

Thu, 03/29/2012 - 11:20 | 2300684 Zero Govt
Zero Govt's picture

does he have any other role as President?

Thu, 03/29/2012 - 11:17 | 2300672 John Law Lives
John Law Lives's picture

This TOTUS knows nothing about energy.

I wonder how the TOTUS will spin the decision of the SCOTUS if they decide to strike down Obamacare (in part or in whole).

Thu, 03/29/2012 - 11:21 | 2300700 Buckaroo Banzai
Buckaroo Banzai's picture

TOTUS doesn't need to know anything about energy to accomplish what he wants to accomplish: raise tax confiscations, enthrone a parasitic elite in DC, and destroy the US economy. Not necessarily in that order.

Thu, 03/29/2012 - 11:24 | 2300721 John Law Lives
John Law Lives's picture

"TOTUS doesn't need to know anything about energy..."

Not many POTUS knew much about energy. It might explain why we don't have a comprehensive energy policy.

This TOTUS is in need of a pink slip...

Thu, 03/29/2012 - 11:34 | 2300754 Problem Is
Problem Is's picture

Bullshit Barry Soetoro only knows about bullshit...

On all else that moron is clueless...

Thu, 03/29/2012 - 11:19 | 2300676 Levadiakos
Levadiakos's picture

A bad day for Obama is a great dayi for America

Thu, 03/29/2012 - 11:19 | 2300677 Atlantis Consigliore
Atlantis Consigliore's picture

Liars lawyers politicians and poverty pimps  Oh My!  

El Kabong strikes again...http://youtu.be/AmemBa1HAzU

 

repeat after me, click your marxist heels three times, 

 

Dope and spare Change, dope and spare change, you dope and spare change...

 

cue : energy policy commercial: Im sure the dumbest idiots from the demo think tanks are "Doin the thinnin around here, slowdraw!!!)   

 

 http://youtu.be/PEHl-o-2Dss

 

 

Thu, 03/29/2012 - 11:21 | 2300686 Kit Green
Kit Green's picture

Why Obama wants to open up the reserves, even though they aren’t needed

The carrot he’d like to offer the oil business to ensure his re-election

"The White House is well aware of what’s going on. Just as Slick Willy once said ‘it’s the economy, stoopid’, it is also a truism that the US doesn’t re-elect Presidents who preside over petrol price hikes."

http://hat4uk.wordpress.com/2012/03/29/exclusive-oil-the-real-motives-behind-the-price-increases/

Thu, 03/29/2012 - 11:25 | 2300724 BlueCollaredOne
BlueCollaredOne's picture

"Its also a truism that the US doesn't elect presidents"  Fixt

 

Everyone needs to watch "Hacking Democracy"

Thu, 03/29/2012 - 11:32 | 2300748 Problem Is
Problem Is's picture

Actually it was Carville that said "It's the economy, stoopid"...

Slick Willy was running around getting his dick sucked...

But wouldn't you if you were married to that dragon snatch Hillary????

Thu, 03/29/2012 - 11:20 | 2300691 AchtungAffen
AchtungAffen's picture

I'd rather have him bashing Big Oil than sucking their asses

Thu, 03/29/2012 - 11:29 | 2300737 Problem Is
Problem Is's picture

He actually IS sucking their asses and giving you a line of bullshit if you are dumb enough to buy it...

Thu, 03/29/2012 - 11:21 | 2300695 j0nx
j0nx's picture

I think he's still reeling after that pwning he got from zimmerman's dad in 50 point font on drudge. This President has written the book on making EVERY single policy error someone can make in office. It's like watching a shit show in slow motion. Without doubt he will be reelected though. Never underestimate the stupidity of 90% of your fellow Americans.

Thu, 03/29/2012 - 14:57 | 2301440 RallyRoundTheFamily
RallyRoundTheFamily's picture

With absolutely no real statistics, I am going to state OBummer is responsible for killing more black people than the KKK.

Fri, 03/30/2012 - 09:33 | 2303252 Colonial Intent
Colonial Intent's picture

Hey if them innercity hiphopping gangbangers ever wake the fuck up and realise its the govt f'king them over and stop killing each other then obama's in real trouble,

Young, armed and with f'all to lose they could make a difference.

Thu, 03/29/2012 - 11:21 | 2300698 El Oregonian
El Oregonian's picture

The Mombo King sure knows how to dance around the "Blame Game", unfortunately, he has "Two-Left Feet" when he has to own his mistakes.

Thu, 03/29/2012 - 13:04 | 2300705 Colonial Intent
Colonial Intent's picture

five too many big oil shillls here today.

Thu, 03/29/2012 - 13:13 | 2301087 TMT
TMT's picture

One too many big government statist enviro-nazi hope and change unicorn-powered car loving fucks around here today.

Fri, 03/30/2012 - 08:14 | 2303027 Colonial Intent
Colonial Intent's picture

I'd argue the toss if i thought you knew what any of the words you just used meant, keep drinking the cool aid TMT, your ignorance perpetuates the system we have now.

And why wouldnt you its in your own self interest to do so, heaven forfend the rest o the world stops taking your FRN/IOU's and snaps out of your shared delusion about paper money.

Fri, 03/30/2012 - 08:39 | 2303072 Colonial Intent
Colonial Intent's picture

Actually fuck it.

If by enviro nazi you mean i think that some fat ignorant fuck driving the 200 yards to buy a burger and fries (supersize) rather than get some fukkin exercise and eating healthy food then yes im a fuckin environazi.

Given you use 60 litres of water every day just to flush your shit away and the rest o the world uses less than that for everything they do, what does that tell ya,

It tells me that you are full of shit and i probably need to shower more often.

 

Hugs n kisses:-)

Thu, 03/29/2012 - 11:22 | 2300708 tahoebumsmith
tahoebumsmith's picture

The plan was for solar homes and electric vehicles remember? It was all about Solyndra and the Chevy Volt, that is until the plan failed and now nobody will talk about it...

http://www.youtube.com/watch?v=dPtGH-oTUcs

http://www.youtube.com/watch?v=PzNP37XMmX0

Time to eat your peas

Thu, 03/29/2012 - 11:27 | 2300731 Bartanist
Bartanist's picture

The elitists control many things through the energy companies (they pump the world's free resources out of the ground and charge people for it with their military supported power).

To disrupt the energy power would disrupt the power of the elitistist minority in their war against the people. Why do you think so many free energy researchers have been murdered or suicided?

Thu, 03/29/2012 - 11:31 | 2300712 Bartanist
Bartanist's picture

Let's think a second. Now which president was complicit in covertly aiding BP in the oil disaster using the US goivernment's resources? The US military was dropping corexit all over the gulf and killing wildlife. Was there ever a bill to BP for the cost of the military's time and equipment use (I don't know, but if so, I would be interested in how the amount was calculated).

BP was essentially given a free pass on all of the wildlife it killed and paid only a fraction of the economic damage they did in the gulf thanks to Obama's hand chosen distributor of cash. The US government's acts in the gulf make it seem as if the "oil disaster" was intentional or known to have been caused by a malign power and so the US government felt obligated to pick up the tab... or maybe BP simply bought Obama.

One can never take Obama's words as truth. One can only look as his actions. He may think that his slick teleprompter reading skill makes him a president. But, IMO he is the biggest fraud we have ever had in that white house and the gap between his words and actions make him look stupid.

Thu, 03/29/2012 - 11:43 | 2300786 lakecity55
lakecity55's picture

Run a search on how much money BP gave this closet faggot before his Coronation.

Satan himself has materialized in somewhat human form as BO. It's the only explanation...

Thu, 03/29/2012 - 11:53 | 2300832 tahoebumsmith
tahoebumsmith's picture

FYI... The corexit product used to clean up the Gulf was produced by Nalco.. Follow the money trail and see who profited big time from the clean up. Here let me get you started....

2003

USFilter and Ondeo Nalco enter into a strategic partnership providing equipment, chemicals and service to industrial customers.

 

An investment group composed of the Blackstone Group, Apollo Management L. P. and Goldman Sachs Capital Partners buy Ondeo Nalco. 

 

Nalco Company, a recognized symbol of strength around the world, unveils new logo.

 

 

And let's not forget that :

Goldman Sachs sold 44% of its BP stocks 3 weeks before the disaster


Thu, 03/29/2012 - 11:23 | 2300714 NotApplicable
NotApplicable's picture

Clean Energy? Pull my finger!

Thu, 03/29/2012 - 11:24 | 2300720 Dr. Engali
Dr. Engali's picture

Can somebody please tell me what this red stuff is on my screen? My ticker symbles are normally green. Something must be wrong with my computer.

Thu, 03/29/2012 - 11:26 | 2300727 Muddy1
Muddy1's picture

It's 5 o'clock somewhere, hick

Thu, 03/29/2012 - 11:27 | 2300730 Problem Is
Problem Is's picture

Bullshit Barry Soetoro would be better off bashing the douche bag idiot incumbent in the White House...

Oh wait... that's him...

Worst US President of the 21st Century
Being the worst in a group that includes the smirking chimp Shrub... Bush Junior, isn't easy... But Bullshit Barry is there...

Thu, 03/29/2012 - 11:29 | 2300736 semperfi
semperfi's picture

Fuck Obama.
Fuck Congress.
Fuck SCOTUS.
All MOTHERFUCKERS who defy the Constitution every fucking day.
Time to scrap the whole fucking Fed Govt and start over and get back to the Constitution.

Thu, 03/29/2012 - 11:34 | 2300757 Ms. Erable
Ms. Erable's picture

Sounds like somebody needs bigger campaign contributions from a certain industry.

Thu, 03/29/2012 - 11:40 | 2300775 lakecity55
lakecity55's picture

"Tell Vladimir I will have more power After the election. The last Election in America."

1. Start Race War (fo' Tray_Von!)

2. Proclaim Martial Law, wholesale use of NDAA.

3. Nationalize OIL and everything else in the world you can possibly imagine.

Thu, 03/29/2012 - 11:40 | 2300776 Dr. No
Dr. No's picture

I hate the word "tax break" as if the governement has decided to let you have some of their money.  If they are taking away a "tax break", call it what it is, a "tax increase".

Thu, 03/29/2012 - 12:23 | 2300922 semperfi
semperfi's picture

I also hate:  CONSUMER.  Like we are all just a bunch of dumb-ass debt-slave mall junkies in which our waking hours are fixated on shopping and our credit score.   I prefer:  PRODUCER, or plain old CITIZEN. 

Thu, 03/29/2012 - 11:45 | 2300778 Lilguy
Lilguy's picture

I'm all for cutting tax breaks for big oil--and everyone else, corporate or personal.  Then set a reasonable, progressive (not "9-9-9") tax rate that actually pays for all the public goods and services we think we need, now and in the future. 

The problem here is Obama's really bad sense of timing.  When gas and oil prices are reaching high levels, it is not the time to add to those prices by adding to the taxes paid by big oil.  The right time is when prices have slumped, but no one gives a d*** then. 

"What fools we politicians be."

Thu, 03/29/2012 - 12:22 | 2300917 smb12321
smb12321's picture

Last time I looked we had a "reasonable, progressive ...tax rate."  That is, the top 10% pay 70% which is about as "progressive" as it gets, especially with the bottom 50% paying 2% and most get a "refund" for taxes they never paid.  (Future generations will howl at our obsession with redistributing other people's money.)

Thu, 03/29/2012 - 13:19 | 2301101 TMT
TMT's picture

"I'm all for cutting tax breaks for big oil--and everyone else, corporate or personal.  Then set a reasonable, progressive FLAT (not "9-9-9") tax rate that actually pays for all the public goods and services we think we need IN ACCORDANCE WITH THE CONSTITUTION OF THE U.S., now and in the future."

Fixed.  You almost had it.

Thu, 03/29/2012 - 11:42 | 2300782 CABill
CABill's picture

How about taxing 'Big Software'?  Or 'Big Search Engines'?  Or 'Big Social Media'?

Apple, Microsoft, Google, Facebook are making billions, as are the 'Speculators' that invest in them.

In 2012 I'd pay big money to see Donald Trump tell Obama, 'YOU'RE FIRED!'.

Obama is doing a great job distracting everyone from thinking about the OBAMA MIDDLE EAST 'KINETIC ACTION' that caused high oil prices in the first place.  Obamas sanctions on Iran?  Obivously completely unrelated to oil prices.

Thu, 03/29/2012 - 12:16 | 2300897 semperfi
semperfi's picture

Tax  BIG GOVT

Thu, 03/29/2012 - 14:00 | 2301247 CrashisOptimistic
CrashisOptimistic's picture

Interesting.  Where is the windfall profits tax on Apple?

Thu, 03/29/2012 - 11:42 | 2300784 Dingleberry
Dingleberry's picture

Raise your hand if you think this brutha means what he says. I seem to recall he was against "fat cat bankers" too. 

Ya'll need to check yoselfs for even listening to this crap.

Thu, 03/29/2012 - 11:45 | 2300793 agNau
agNau's picture

"Have a pastry!"

Thu, 03/29/2012 - 11:45 | 2300798 Taterboy
Taterboy's picture

"If I had a son, he would look like Obama." -Karl Marx

Thu, 03/29/2012 - 13:01 | 2301046 Colonial Intent
Colonial Intent's picture

You sure it werent groucho.

Thu, 03/29/2012 - 11:48 | 2300806 bugs_
bugs_'s picture

We need a blame Czar.

Thu, 03/29/2012 - 11:54 | 2300835 The Continental
The Continental's picture

When Nixon closed the gold window in 1971 oil sold for $8 per barrel and gold $35. Whether you use the gold price or total monetary aggregates as a yardstick, oil should be selling for over $200 in 2012. Oil is cheap. It feels real expensive because Americans have become so poor and indebted over the last 4 decades. As Jefferson warned, the central bankers have reduced the people to pennery.

I refuse to read or listen to anything oozing out of Obama's lying mouth - he is not worth my valuable time, nor yours.

Thu, 03/29/2012 - 11:56 | 2300840 agNau
agNau's picture

I think it's time for a report from these guys.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3R_838tpZb4&refe...
Three years in they should have made some wonderful progress.

Thu, 03/29/2012 - 11:59 | 2300843 onlooker
onlooker's picture

 

Maxine Waters in the hearing said ----- we will social uh take over your oil company--- to the oil guy on the hot seat.

 

The Obama/Democrat plan just my well be to Nationalize the Oil Industry. Sure as hell looks like it

Thu, 03/29/2012 - 12:10 | 2300884 Dr. No
Dr. No's picture

Bullish for oil.

Thu, 03/29/2012 - 13:00 | 2301039 Colonial Intent
Colonial Intent's picture

Only after he cripples the oil companies ability to deliver it,

Then he makes the sheeple beg him to guarantee the spice will flow.

It'll be a "temporary" nationalization for purposes of national security.

Thu, 03/29/2012 - 13:34 | 2301157 Taterboy
Taterboy's picture

Last guy that tried to screw big oil(Texas) got an interesting ride thru Dealy Plaza.

Thu, 03/29/2012 - 12:03 | 2300863 dexter_morgan
dexter_morgan's picture

This guy is FDR all over again, only much less patriotic.

Thu, 03/29/2012 - 12:22 | 2300920 Quinvarius
Quinvarius's picture

The last thing we need is another crap ass president like FDR who ruins the economy, steals everyone's money, and refuses to leave office for 4 terms.  Being in office during WW2 doesn't make him great. 

Thu, 03/29/2012 - 12:38 | 2300965 dexter_morgan
dexter_morgan's picture

Yes, I didn't mean to imply that either was great, I think both are despicable opportunist politicians, just that FDR may not have intended to destroy the country......it's just kind of working out that way.

Thu, 03/29/2012 - 12:15 | 2300894 Alex Kintner
Alex Kintner's picture

A well oiled campaign speech. Nothing will come of it. Obama is in big oil's pocket.

Thu, 03/29/2012 - 12:19 | 2300904 Quinvarius
Quinvarius's picture

Maybe he will learn that SPR releases should go to refiners and not bankers next time so he doesn't put more refiners out of business.  Yes.  Give oil to bankers so they can ram the paper price down and destroy all the refiners' hedges, putting them out of business because they were smart enough to hedge for higher oil.  Brilliant!

Intervention ALWAYS has adverse effects.  Remember that as you watch the currency interventions leaving everyone uncertain about everything.

Thu, 03/29/2012 - 12:30 | 2300941 Ralph Spoilsport
Ralph Spoilsport's picture

Long heating oil -just took delivery of 400 gallons at $3.55/gallon. Same price as last year but I found a company that's 20 cents cheaper if I got 400 gallons.

Thu, 03/29/2012 - 12:51 | 2301004 Gift Whores
Gift Whores's picture

Damn.  I'm down to my last bottle of 40 yr old Glenlivet.

I was saving it for the impending doom.

Thu, 03/29/2012 - 12:57 | 2301027 imapopulistnow
imapopulistnow's picture

We import $1 billion a day in oil.  The Solution?  Take away the incentives to drill for domestic oil.

 

 

 

 

 

 

 

 

 

 

Thu, 03/29/2012 - 13:10 | 2301079 Colonial Intent
Colonial Intent's picture

My two cents after spending the last few years at my aunties firm.

(this particular auntie had six sisters)

Research spending on clean water tech overtook research spending on oil extraction tech.

They already know whats coming and are attempting to hedge accordingly.

Renewables? meh, if i'm your dealer and i sell you the seeds to grow your own i'd be outa business pretty darn quick.

9% decline in oil discoveries gotta be fixed somehow tho....

Dont even get me started on what the industry calls "proven" reserves.

You think the fiat crash is gonna be bad, wait till they realise fort knox has more crude in it than Ghawar.

Just my two cents.....

Thu, 03/29/2012 - 14:10 | 2301284 Barbarians_R_Us
Barbarians_R_Us's picture

Just listened to Bernanke blame anyone and everyone for the ills of the world. Obama, Holder and company also can't open their mouths without the blame-game vomiting forthwith. An entire administration capable of nothing but blame. And that's Bush's fault.

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