Wall Street Greed Fueling High Gas Prices
Is Big Oil to blame? Sure. Partly. Big oil companies have been gouging consumers for years. They have made almost $1 trillion in profits over the past decade, in part thanks to ridiculous federal subsidies and tax loopholes. I have proposed legislation to end those pointless giveaways to some of the biggest and most profitable corporations in the history of the world.
But there's another reason for the wild rise in gas prices. The culprit is Wall Street. Speculators are raking in profits by gambling in the loosely regulated commodity markets for gas and oil.
But wait, there's more...
Obama blocking Keystone didn’t send wrong message to Wall Street
Yeah, it's the DC, but Bernie nailed them back on their slimly wall...just watch the Vid.
Sanders’ remarks were made at a news conference Wednesday alongside the bill’s co-sponsors, Democratic Sens. Richard Blumenthal of Connecticut, Ben Cardin of Maryland, Al Franken of Minnesota and Amy Klobuchar of Minnesota.
Sanders responded, “We’re dealing with a lot of aspects of energy policy. But once again, if people think that the problem is supply and demand, the facts contradict that. There is more supply than there was three years ago; there is less demand than since 1997. Prices should be going down, not up.”
Thank you, Bernie and the others.
In our morass of Pols, Bernie actually stands for something, and stands up against it no matter where it comes from.
Majority Leader? Just askin" ?