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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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CVA19 Champion Author Salem Posts:2,393 Points:612,200 Joined:Aug 2011	Message Posted: Apr 22, 2012 6:02:19 PM Ignore CVA19 Report Abuse Go ahead, Obama, investigate all you want. EVERY investigation over the past couple of decades by administrations of both parties has come to the same conclusion--No collusion, no manipulation. But if it makes you feel better (which it might), and you think it will garner votes in November (which it won't), go ahead and investigate. What a loser!
Norm1947 Champion Author Flint Posts:2,960 Points:461,880 Joined:Oct 2011	Message Posted: Apr 22, 2012 5:59:53 PM Ignore Norm1947 Report Abuse Agree with nobody 100%.
nobodyMO Champion Author Kansas City Posts:2,251 Points:554,305 Joined:Nov 2010	Message Posted: Apr 22, 2012 5:58:05 PM Ignore nobodyMO Report Abuse just a move to get re elected
ericbcire Champion Author Nevada Posts:4,540 Points:1,270,635 Joined:Aug 2009	Message Posted: Apr 22, 2012 5:58:02 PM Ignore ericbcire Report Abuse Raise margin requirements now.
fcdriver Champion Author Tennessee Posts:7,263 Points:1,476,755 Joined:Sep 2008	Message Posted: Apr 22, 2012 5:57:49 PM Ignore fcdriver Report Abuse good luck
Hawks4ever Rookie Author Quad Cities Posts:71 Points:589,840 Joined:Apr 2008	Message Posted: Apr 22, 2012 5:56:09 PM Ignore Hawks4ever Report Abuse Yeah, Yeah, Yeah......
goodbuy Champion Author Michigan Posts:7,683 Points:1,425,505 Joined:May 2005	Message Posted: Apr 22, 2012 5:55:53 PM Ignore goodbuy Report Abuse And that is becuase the Republicans will NOT vote for them.
mcmonsta Champion Author Honolulu Posts:3,242 Points:821,470 Joined:Sep 2009	Message Posted: Apr 22, 2012 5:50:58 PM Ignore mcmonsta Report Abuse as if they don't know by now....quit the talk and do the walk.cut the pc bullsh_t!
itzagasgasgas1 Champion Author Cincinnati Posts:3,989 Points:1,602,420 Joined:Aug 2005	Message Posted: Apr 22, 2012 5:47:22 PM Ignore itzagasgasgas1 Report Abuse There's too much money to be made by too many in the dirty game called OIL.
jalan25 Champion Author Indianapolis Posts:2,350 Points:573,645 Joined:Sep 2011	Message Posted: Apr 22, 2012 5:45:59 PM Ignore jalan25 Report Abuse Don't hold your breath.
cateyes8264 Champion Author Tennessee Posts:2,957 Points:644,865 Joined:Jul 2011	Message Posted: Apr 22, 2012 5:45:52 PM Ignore cateyes8264 Report Abuse All meaningless drivel!! Nothing will actually be done all talk, election year garbage for those who still back his "change".
GOBUTLER Champion Author Indianapolis Posts:1,425 Points:391,035 Joined:Dec 2011	Message Posted: Apr 22, 2012 5:45:38 PM Ignore GOBUTLER Report Abuse Interesting....
bbreff Champion Author Atlanta Posts:9,863 Points:2,571,340 Joined:Jun 2005	Message Posted: Apr 22, 2012 5:44:02 PM Ignore bbreff Report Abuse This is whishful thinking. Never will work.
2gjh Champion Author North Dakota Posts:3,174 Points:2,447,600 Joined:Nov 2003	Message Posted: Apr 22, 2012 5:43:33 PM Ignore 2gjh Report Abuse The Senate can't even pass the Constitutional budget, does anyone expect any thing from them?
unclenorman Champion Author Tampa Posts:1,358 Points:142,200 Joined:Jan 2012	Message Posted: Apr 22, 2012 5:42:51 PM Ignore unclenorman Report Abuse de-CAP-itate speculators!!!!!!!
rickone All-Star Author Detroit Posts:559 Points:396,340 Joined:May 2004	Message Posted: Apr 22, 2012 5:40:57 PM Ignore rickone Report Abuse Interesting - Thanks for posting.
mitchell6597 Champion Author New Hampshire Posts:3,462 Points:728,360 Joined:Apr 2010	Message Posted: Apr 22, 2012 5:39:47 PM Ignore mitchell6597 Report Abuse No surprise there.
luvmyburgi Champion Author Ohio Posts:5,846 Points:963,145 Joined:Sep 2005	Message Posted: Apr 22, 2012 5:35:42 PM Ignore luvmyburgi Report Abuse ok
OOXXFF Champion Author Greensboro Posts:3,078 Points:1,082,330 Joined:Sep 2009	Message Posted: Apr 22, 2012 5:35:16 PM Ignore OOXXFF Report Abuse Big oil has bought the Congress.
twinfanMN Champion Author Minnesota Posts:1,634 Points:458,075 Joined:Jun 2011	Message Posted: Apr 22, 2012 5:31:54 PM Ignore twinfanMN Report Abuse Ok
ddaz46 All-Star Author Akron Posts:551 Points:188,580 Joined:Jun 2009	Message Posted: Apr 22, 2012 5:31:24 PM Ignore ddaz46 Report Abuse Up Up and away
snell snail Champion Author Atlanta Posts:5,038 Points:2,601,125 Joined:Feb 2004	Message Posted: Apr 22, 2012 5:30:10 PM Ignore snell snail Report Abuse ...when are price caps EVER imposed?!?!?!?!? [Edited by: snell snail at 4/22/2012 8:32:58 PM EST]
jmg144 Champion Author Maryland Posts:9,716 Points:2,904,035 Joined:Jul 2004	Message Posted: Apr 22, 2012 5:28:00 PM Ignore jmg144 Report Abuse Neither White House nor COngress really control these prices.
CheapDiesel All-Star Author Indianapolis Posts:803 Points:177,530 Joined:Nov 2005	Message Posted: Apr 22, 2012 5:27:34 PM Ignore CheapDiesel Report Abuse Obama is a failed speculator in "green" energy...the bad thing is he wasted our money instead of his.
Tucker1961 Champion Author Seattle Posts:2,157 Points:363,170 Joined:Jun 2009	Message Posted: Apr 22, 2012 5:27:17 PM Ignore Tucker1961 Report Abuse yep
treeguy Veteran Author Wisconsin Posts:270 Points:656,950 Joined:Aug 2005	Message Posted: Apr 22, 2012 5:26:07 PM Ignore treeguy Report Abuse Congress will not pass legislation which would decrease the revenues of their benefactors.
babugp Veteran Author Philadelphia Posts:339 Points:76,685 Joined:Mar 2012	Message Posted: Apr 22, 2012 5:25:30 PM Ignore babugp Report Abuse poor o ba ma
CheapDiesel All-Star Author Indianapolis Posts:803 Points:177,530 Joined:Nov 2005	Message Posted: Apr 22, 2012 5:25:19 PM Ignore CheapDiesel Report Abuse There goes BHO again trying to stand on both sides of the fence. He is a oil speculator's best friend, they made lots of money off of his foolish policies.
giselmey Sophomore Author El Paso Posts:125 Points:479,605 Joined:Jul 2011	Message Posted: Apr 22, 2012 5:23:24 PM Ignore giselmey Report Abuse @mnorthwood13 and others: And if the president would do something (like investigating), it would be all wrong again because it is government interference and against freedom of business and blablabla...
UC2 Champion Author Ventura Posts:1,305 Points:318,255 Joined:May 2010	Message Posted: Apr 22, 2012 5:21:33 PM Ignore UC2 Report Abuse stop talk just walk DO IT!!!
mnorthwood13 Champion Author Michigan Posts:1,385 Points:764,535 Joined:Apr 2010	Message Posted: Apr 22, 2012 5:21:11 PM Ignore mnorthwood13 Report Abuse Of course Obama isn't working for us.
mgune9 All-Star Author Dallas Posts:914 Points:200,395 Joined:Feb 2012	Message Posted: Apr 22, 2012 5:17:24 PM Ignore mgune9 Report Abuse there are plenty of regulations that were put in place to help regulate "speculation" even prior to this administration - all that has to be done is enforce them
insightcruzer All-Star Author Oakland Posts:552 Points:191,145 Joined:Feb 2012	Message Posted: Apr 22, 2012 5:16:02 PM Ignore insightcruzer Report Abuse as much as I'd like to see the price go down, I don't want to see the government cap a price either. Let the free market system work things out. and as the member "gas too high" said, increase production
dookitout Veteran Author Michigan Posts:276 Points:90,440 Joined:Oct 2008	Message Posted: Apr 22, 2012 5:13:27 PM Ignore dookitout Report Abuse I am not a fan of our President. But I hate it when reporters call him Mr. Obama. He won the election and deserves the title President Obama, or if your addressing him you can say Mr. President.
edgarCA Champion Author Oakland Posts:1,581 Points:241,770 Joined:Jun 2009	Message Posted: Apr 22, 2012 5:12:34 PM Ignore edgarCA Report Abuse Lakers won today.
MopedTime All-Star Author Michigan Posts:771 Points:362,950 Joined:Mar 2012	Message Posted: Apr 22, 2012 5:12:14 PM Ignore MopedTime Report Abuse The government should cap the rate of gas price increase per day.
bevmill Champion Author Georgia Posts:2,597 Points:603,470 Joined:Apr 2006	Message Posted: Apr 22, 2012 5:12:10 PM Ignore bevmill Report Abuse ok
Steady325 Champion Author Orange County Posts:2,593 Points:1,462,010 Joined:Nov 2008	Message Posted: Apr 22, 2012 5:05:43 PM Ignore Steady325 Report Abuse ok
YarnDragon Rookie Author Toronto Posts:82 Points:45,595 Joined:Apr 2012	Message Posted: Apr 22, 2012 5:04:37 PM Ignore YarnDragon Report Abuse I wish something could be done to make gas prices fair...
gas_too_high Champion Author Columbus Posts:11,559 Points:1,936,365 Joined:Aug 2005	Message Posted: Apr 22, 2012 5:02:22 PM Ignore gas_too_high Report Abuse The best way to lower gas prices is to increase supply, in other words: DRILL BABY DRILL! GTH
sparky808 Champion Author Honolulu Posts:3,018 Points:601,635 Joined:Sep 2011	Message Posted: Apr 22, 2012 4:57:49 PM Ignore sparky808 Report Abuse Thank you for posting.
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: Apr 22, 2012 4:55:11 PM Ignore uptherefiners Report Abuse meaningless hot air
ScottTee Champion Author Detroit Posts:4,406 Points:1,066,620 Joined:Mar 2010	Message Posted: Apr 22, 2012 4:54:06 PM Ignore ScottTee Report Abuse election year noise
Agarre Champion Author Richmond Posts:1,335 Points:263,785 Joined:Feb 2012	Message Posted: Apr 22, 2012 4:51:00 PM Ignore Agarre Report Abuse NO CAP ?
toadNY Champion Author Albany Posts:7,062 Points:1,517,150 Joined:Apr 2008	Message Posted: Apr 22, 2012 4:46:28 PM Ignore toadNY Report Abuse Remember when obama got elected? the house an senate both controlled by demorats! We got obama care! You must Buy Insurance or be fined! This is by people that are Exempt from the laws they pass on US!
Amanstrom Champion Author Los Angeles Posts:1,857 Points:540,655 Joined:Jul 2011	Message Posted: Apr 22, 2012 4:45:34 PM Ignore Amanstrom Report Abuse Interesting
PathTrack Champion Author Twin Cities Posts:1,204 Points:134,855 Joined:Jan 2005	Message Posted: Apr 22, 2012 4:44:32 PM Ignore PathTrack Report Abuse A very weak attempt by Obama.
carefrey Champion Author Orlando Posts:5,550 Points:1,162,410 Joined:Sep 2009	Message Posted: Apr 22, 2012 4:44:17 PM Ignore carefrey Report Abuse Our crummy president does nothing!
kzrooster Champion Author Kalamazoo Posts:2,400 Points:519,675 Joined:Nov 2011	Message Posted: Apr 22, 2012 4:42:53 PM Ignore kzrooster Report Abuse Our President could do so much more to help keep our prices down, but that would infringe in the profits of those who support him. Hmmmmm, look who will still loose!
LaVonneK Champion Author Iowa Posts:2,960 Points:629,675 Joined:Jul 2011	Message Posted: Apr 22, 2012 4:42:18 PM Ignore LaVonneK Report Abuse Wow.
MRHONEST Champion Author Illinois Posts:2,212 Points:1,677,180 Joined:May 2007	Message Posted: Apr 22, 2012 4:41:32 PM Ignore MRHONEST Report Abuse Where has he been for 3 1/2 years?