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No Cap on Gas Prices

WSJ -- With a little more than six months to go before Election Day and with gas prices averaging $3.90 a gallon, the president called on Congress to pass new laws to help prevent financial speculators from driving up gas prices.

Stirring words, but ones unlikely to have any impact on gas prices. The measures Mr. Obama endorsed require congressional approval, and no one expects Congress to pass any of them.

There are things Mr. Obama could do under current law to rein in manipulation. For instance, investigate oil producers, refiners and traders. A year ago, he announced a "working group" of government regulators and law-enforcement agencies that would "root out any cases of fraud and manipulation."

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Submitted Apr 22, 2012 By: mobal

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FunMyster All-Star Author Indiana Posts:907 Points:73,215 Joined:Jul 2011	Message Posted: Apr 23, 2012 8:55:06 PM Ignore FunMyster Report Abuse ok
52MPG Champion Author Dayton Posts:7,242 Points:1,737,705 Joined:Apr 2006	Message Posted: Apr 23, 2012 7:07:33 PM Ignore 52MPG Report Abuse Politicking.
dave27johnson Champion Author Chicago Posts:1,784 Points:404,490 Joined:Feb 2012	Message Posted: Apr 23, 2012 6:29:52 PM Ignore dave27johnson Report Abuse Yes, he should do more to stop fraud and manipulation.
gawxnative All-Star Author Atlanta Posts:510 Points:229,265 Joined:Aug 2006	Message Posted: Apr 23, 2012 3:12:15 PM Ignore gawxnative Report Abuse HMMMM
sparky808 Champion Author Honolulu Posts:2,976 Points:593,835 Joined:Sep 2011	Message Posted: Apr 23, 2012 12:39:44 PM Ignore sparky808 Report Abuse Thank you for posting.
bowler360 Champion Author Illinois Posts:1,950 Points:494,800 Joined:Jun 2011	Message Posted: Apr 23, 2012 8:10:26 AM Ignore bowler360 Report Abuse He's been lack luster at best. Time to replace.
KAR120CSII Champion Author Oregon Posts:3,157 Points:616,595 Joined:Apr 2010	Message Posted: Apr 23, 2012 2:15:18 AM Ignore KAR120CSII Report Abuse Full article -- all there was was another paragraph. This was not worth posting.
Travel1st Champion Author Las Vegas Posts:2,900 Points:466,660 Joined:Aug 2011	Message Posted: Apr 23, 2012 1:55:52 AM Ignore Travel1st Report Abuse Surprise.
Agarre Champion Author Richmond Posts:1,335 Points:263,785 Joined:Feb 2012	Message Posted: Apr 22, 2012 11:55:28 PM Ignore Agarre Report Abuse Elections time
quasar502 Champion Author Lansing Posts:3,558 Points:796,375 Joined:Jan 2011	Message Posted: Apr 22, 2012 11:40:04 PM Ignore quasar502 Report Abuse The House is the real culprit.
chuckwthompson Champion Author Charlotte Posts:3,730 Points:572,210 Joined:Sep 2011	Message Posted: Apr 22, 2012 11:35:29 PM Ignore chuckwthompson Report Abuse Too little, too late! Vote 2012
stopforgas All-Star Author Mississippi Posts:991 Points:477,630 Joined:Jun 2011	Message Posted: Apr 22, 2012 11:34:55 PM Ignore stopforgas Report Abuse This will piss off the Grand Oil Party.
computernut2008 Champion Author Ohio Posts:6,552 Points:1,346,365 Joined:Oct 2008	Message Posted: Apr 22, 2012 11:32:57 PM Ignore computernut2008 Report Abuse thief
vegboy All-Star Author Massachusetts Posts:550 Points:106,700 Joined:Feb 2012	Message Posted: Apr 22, 2012 11:32:38 PM Ignore vegboy Report Abuse Stop the taxpayers money to subsidies for big oil
flagman420CT Veteran Author New Haven Posts:257 Points:682,930 Joined:Mar 2011	Message Posted: Apr 22, 2012 11:30:29 PM Ignore flagman420CT Report Abuse Obama is Useless!!!!!!!!!!
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Apr 22, 2012 11:24:51 PM Ignore tedjm1 Report Abuse Put a cap on tax amount, both federal & state.
Digger52 Champion Author Chicago Posts:2,382 Points:843,960 Joined:Aug 2008	Message Posted: Apr 22, 2012 11:24:16 PM Ignore Digger52 Report Abuse Right. . .
hemiMI Veteran Author Michigan Posts:259 Points:402,515 Joined:May 2011	Message Posted: Apr 22, 2012 11:24:02 PM Ignore hemiMI Report Abuse All you have to do is look where this article is coming from. Can you say "spin"?.
Zonk Champion Author Michigan Posts:6,461 Points:2,098,015 Joined:Oct 2005	Message Posted: Apr 22, 2012 11:23:49 PM Ignore Zonk Report Abuse Don't expect the obama administration to do anything on this issue. Like obama, his administration is nothing but words.
Matt G Champion Author Boston Posts:4,508 Points:2,768,065 Joined:Jun 2004	Message Posted: Apr 22, 2012 11:23:15 PM Ignore Matt G Report Abuse Ok
passin_gas2011 All-Star Author Ohio Posts:750 Points:141,120 Joined:Sep 2011	Message Posted: Apr 22, 2012 11:19:15 PM Ignore passin_gas2011 Report Abuse the polititions are paid off,,they get """gifts"""..from speculators,,and big oil,,,so it doesnt matter
umitb Champion Author Indianapolis Posts:3,653 Points:839,440 Joined:Apr 2010	Message Posted: Apr 22, 2012 11:16:37 PM Ignore umitb Report Abuse ok
unicornpmb Champion Author Buffalo Posts:8,466 Points:1,624,540 Joined:Sep 2005	Message Posted: Apr 22, 2012 11:16:16 PM Ignore unicornpmb Report Abuse Just a little late.
jem069 Champion Author Detroit Posts:2,518 Points:683,080 Joined:Jan 2011	Message Posted: Apr 22, 2012 11:15:59 PM Ignore jem069 Report Abuse Ok
Blue_Cruzer Champion Author Lexington Posts:7,500 Points:1,665,585 Joined:Mar 2007	Message Posted: Apr 22, 2012 11:15:42 PM Ignore Blue_Cruzer Report Abuse What a farce, too little, too late, for me.
kgbellman Champion Author Ann Arbor Posts:2,693 Points:727,840 Joined:Mar 2011	Message Posted: Apr 22, 2012 11:09:49 PM Ignore kgbellman Report Abuse Hard to remember that Congress should be "by and for the people"
ssect8 Champion Author Hartford Posts:7,968 Points:2,091,545 Joined:Jun 2006	Message Posted: Apr 22, 2012 11:07:12 PM Ignore ssect8 Report Abuse NemoIL has the right idea, but it will never happen.
Petrothirst Champion Author Los Angeles Posts:2,286 Points:418,865 Joined:Nov 2005	Message Posted: Apr 22, 2012 11:05:03 PM Ignore Petrothirst Report Abuse "With a little more than six months before the election...",I'n asking why hasn't something happened before now? It's becaue this is just another empty campaing lie designed to get vots.
69Bonne Champion Author Gary Posts:1,130 Points:469,150 Joined:Sep 2005	Message Posted: Apr 22, 2012 11:01:56 PM Ignore 69Bonne Report Abuse I agree with NemoIL. That is the only way this will get resolved.
Focus2 Champion Author Illinois Posts:7,885 Points:1,917,300 Joined:Mar 2006	Message Posted: Apr 22, 2012 11:01:48 PM Ignore Focus2 Report Abuse Ending regulations is just what brought this country down and it was not Democrats.
jci25946 Champion Author Tampa Posts:3,241 Points:934,815 Joined:Jan 2006	Message Posted: Apr 22, 2012 11:00:31 PM Ignore jci25946 Report Abuse More smoke to look like he's doing something!!
jjfisher All-Star Author Toledo Posts:540 Points:744,240 Joined:Aug 2008	Message Posted: Apr 22, 2012 10:59:08 PM Ignore jjfisher Report Abuse It's all about timeing, isnt' it. It's election time again.
96sc1 Champion Author El Paso Posts:8,517 Points:1,367,440 Joined:Mar 2008	Message Posted: Apr 22, 2012 10:56:34 PM Ignore 96sc1 Report Abuse I'm sure that, come Fall, Obama will be making hay of obstructionists failing to support his proposed solution.
PoohMcGoo Champion Author Alabama Posts:3,062 Points:796,610 Joined:Dec 2010	Message Posted: Apr 22, 2012 10:54:29 PM Ignore PoohMcGoo Report Abuse He's desperate.
kgbellman Champion Author Ann Arbor Posts:2,693 Points:727,840 Joined:Mar 2011	Message Posted: Apr 22, 2012 10:53:18 PM Ignore kgbellman Report Abuse Hard to remember that Congress should be "by and for the people"
SandyS2 Rookie Author Ontario Posts:22 Points:58,690 Joined:Apr 2012	Message Posted: Apr 22, 2012 10:51:27 PM Ignore SandyS2 Report Abuse ok
Focus2 Champion Author Illinois Posts:7,885 Points:1,917,300 Joined:Mar 2006	Message Posted: Apr 22, 2012 10:51:22 PM Ignore Focus2 Report Abuse The CFTC hinted they were going to do something several times, going back to the Bush administration in 2008.
letterchunker Champion Author Texas Posts:2,225 Points:663,675 Joined:Aug 2008	Message Posted: Apr 22, 2012 10:50:25 PM Ignore letterchunker Report Abuse There are things Mr. Obama could do under current law to rein in manipulation, but it's a joke if you think he will do anything to jeopardize getting gas prices higher so he can force his green crap down our throats.
DriverofRed Champion Author Calgary Posts:2,153 Points:407,885 Joined:Dec 2011	Message Posted: Apr 22, 2012 10:47:18 PM Ignore DriverofRed Report Abuse ok
HYEgasCA Champion Author Fresno Posts:2,111 Points:906,525 Joined:Dec 2008	Message Posted: Apr 22, 2012 10:42:23 PM Ignore HYEgasCA Report Abuse Thats right freedom sailor!! Congress is just for the wealthy people. Obama's for us!! He needs to take from the rich and give it you YOU and ME!! We deserve it!!They stole it anyway. Right!!
mstearno Champion Author Dayton Posts:8,043 Points:1,727,235 Joined:Jan 2008	Message Posted: Apr 22, 2012 10:41:59 PM Ignore mstearno Report Abuse capping causes shortages causing panic
Taurus1 Champion Author Ohio Posts:3,115 Points:1,669,950 Joined:Apr 2006	Message Posted: Apr 22, 2012 10:41:34 PM Ignore Taurus1 Report Abuse ok
Fitwit Champion Author Stockton Posts:6,378 Points:1,352,050 Joined:May 2009	Message Posted: Apr 22, 2012 10:40:30 PM Ignore Fitwit Report Abuse Sure he will. When cows fly.
WinderGuy Champion Author Georgia Posts:2,844 Points:927,630 Joined:Mar 2008	Message Posted: Apr 22, 2012 10:38:29 PM Ignore WinderGuy Report Abuse Ok
granitestater Champion Author New Hampshire Posts:8,800 Points:1,426,750 Joined:Oct 2008	Message Posted: Apr 22, 2012 10:37:51 PM Ignore granitestater Report Abuse Waste of time. "Speculation" does not influence market prices. Only hard-core Marxists believe that propaganda. See here... [Edited by: granitestater at 4/22/2012 11:39:25 PM EST]
armey Champion Author Oregon Posts:1,296 Points:310,255 Joined:Aug 2008	Message Posted: Apr 22, 2012 10:37:43 PM Ignore armey Report Abuse Well its about time!!
freedomsailor Champion Author Naples Posts:2,104 Points:405,695 Joined:Oct 2011	Message Posted: Apr 22, 2012 10:36:43 PM Ignore freedomsailor Report Abuse Congress does not work for citizens, just lobbists and big companies.
HYEgasCA Champion Author Fresno Posts:2,111 Points:906,525 Joined:Dec 2008	Message Posted: Apr 22, 2012 10:32:36 PM Ignore HYEgasCA Report Abuse Can someone please tell me what this loser has done for the United States?
HYEgasCA Champion Author Fresno Posts:2,111 Points:906,525 Joined:Dec 2008	Message Posted: Apr 22, 2012 10:31:44 PM Ignore HYEgasCA Report Abuse Shut-up Obama, you stupid loser!!
ItsMorph Champion Author Grand Rapids Posts:33,403 Points:3,181,180 Joined:Mar 2004	Message Posted: Apr 22, 2012 10:30:44 PM Ignore ItsMorph Report Abuse Yep, Barack's answer to everything: MORE government!