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Yesterday Mitch McConnell was whining that President Obama should do something about Gas Prices ...


McConnell:  Buffett Rule Won’t Create Jobs or Lower Gas Prices

by Phillip M. Bailey, wfpl.org -- April 16, 2012

Speaking on the Senate floor Monday, Republican Leader Mitch McConnell, R-Ky., once again criticized President Obama’s so-called Buffett Rule and accused the administration of ignoring larger economic problems.
[...]

McConnell says the Obama administration is more interested in “taking from some and giving to others” than job creation or lowering gas prices.
[...]


Today President "did something" about "lowering gas prices" ...

President Obama to announce new oversight on oil manipulation and ask Congress to take action, too -- by Meteor Blades, dailykos.com -- Apr 17, 2012


And the whiner of the Senate is still not happy!

Today Mitch McConnell is complaining that what President Obama IS Doing about Gas Prices "is just a gimmick" ...


Stung by gas prices, Obama seeks new oil market crackdown

by Reuters, msnbc.msn.com, 4/17/2012

[...]
Republicans, who blame Obama's energy policies for high gasoline prices, called the effort a political gimmick, and said the new measures would not help Americans struggling with high gasoline prices.

"It probably polls pretty well, but I guarantee it won't do a thing to lower prices at the pump," said Senate Republican leader Mitch McConnell.
[...]


Perhaps Mitch would like a little cheese, with his whine?


Does McConnell give us a money-back guarantee, with that guarantee of his?



Never mind Mitch, that the CEO of Exxon Mobil disagrees with you about the effect speculators have on raising Gas Prices ...


[...] at a Senate Finance Committee hearing, Exxon Mobil Chairman and Chief Executive Officer Rex Tillerson said that oil should cost between $60 and $70 per barrel, if the price of oil were based on supply and demand fundamentals. Oil was trading at $98 per barrel on Thursday morning, after inexplicitly plunging 5.5 percent yesterday.

cantwell.senate.gov


Never mind Mitch, the Federal Reserve and the Commodity Futures Chairman disagree with you about the effect speculators have on raising Gas Prices ...


Oil Speculators Must Be Stopped and the CFTCNeeds to Obey the Law”: Sen. Bernie Sanders
by Morgan Korn, Daily Ticker, finance.yahoo.com -- Mar 7, 2012

[...]
 -- The St. Louis Federal Reserve has also recommended that the CFTC do more to prevent oil speculators from driving up the price of oil. Fed officials studied the effect of oil traders on the price oil over five years and determined that "speculation contributed to around 15 percent to oil prices increases."

 -- CFTC Chair Gary Gensler declared last year that "huge inflows of speculative money create a self-fulfilling prophecy that drives up commodity prices."


Never mind Mitch, that the American Trucking Association, Delta Airlines, the Petroleum Marketers Association of America -- ALL disagree with you Mr Stonewall McConnell, about the effect speculators have on raising Gas Prices ...


$4 a Gallon

sanders.senate.gov -- April 4, 2012

[...]
There is widespread consensus that speculators are to blame for the rampant run up in gasoline prices. An internal report by Goldman Sachs, a major oil speculator, said 56-cents-a-gallon is a result of rampant speculation in the oil futures market. That's an $11.20 speculator surcharge on a 20-gallon fill-up. Exxon Mobil, the American Trucking Association, Delta Airlines, the Petroleum Marketers Association of America and the Federal Reserve Bank of St. Louis all say excessive oil speculation significantly increases oil and gasoline prices.

When you look at the varied expert testimony, it looks like it's the fearful whiner of the Senate who is really the one "ignoring larger economic problems," as he put it.




As usual republicans block progress to benefit the Privileged-few at the expense of the Burdened-many.


They can't help it, that's just their two-faced way ...





Exxon-Mobil CEO tells Congress: Oil Speculators do impact its Price
by jamess -- Mar 10, 2012


'That's an $11.20 Speculator-Surcharge on a 20-Gallon fill-up.'
by jamess -- Apr 06, 2012



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