Former President Jimmy Carter wanted to do something about oil back in the 70's and everyone laughed at him. Funny, only wealthy folks like him will able to afford to put gasoline in their vehicles in the not to distant future. All this outsourcing,globalization and deregulation of very important industries ( banking, energy, etc…) has destroyed our way of life in this country.

I'm really sick and tired of everyone blaming george bush for everything wrong in this country. First,, he's up against a democratic congress who blocks most of what he tries to do,, second,, wake up people and look at yourselves in the mirror… we, as a society, are so wrapped up in ourselves, allowing others to think for us, lead us wrongly, and we allow it by not calling/emailing/writing our representatives and consistently voting all back into office. We as a society have also grown so soft and dependent on the government that who can really take care of themselves anymore?? gimme gimme gimme,,,, me me me,,, is there something wrong with this picture?? i do think so,,, it is NOT a supply problem— it's a GREED problem, more of that me me me attitude…. i'm all for regulating the speculators and the commodity brokers,, look at what happened to this country with deregulation in the 70's if you're old enough to remember then…. spare the rod, spoil the child,, how very true— gimme gimme gimme,,,,, shame on everyone ,,,, and for everyone who supports obama,,, where exactly is he going to get all the monies he wants to spend on this program or that program???? hello higher taxes— how much are you personally willing to loose to taxes??? btw–george bush inherited the messes like enron–the actual problem began under bill clinton,, just like illegal immigration became such an influx after bill clinton blackmailed NAFTA through congress,, so, please, be conservative in all areas of your lives,, and as for the war— for those against— i suggest each of you take several of the detainees into your own homes to support them, and see how long before they attempt to take your life. they are enemies of this country, which make them the enemy of everyone in this country. how many of you complainers and whiners have spent any thought at all on what it takes to defend and protect a country such as ours?????????

My grandchildren have been using computers since the 80s.

Is McLame an idiot? Can't he learn? Do we not have them in DC?

Want to go back 100 years?

Go Obama '08, 12

FactCheck, Add that Charlie Black lobbied for the Enron Loophole.

McCain's campaign staff is Oil Lobby central. Either McCain is doddering senile about the people he has on his campaign, or he has completely prostituted himself to them. Either way he has demonstrated he is unacceptable as a president.

Who is at fault? No, not Bush. The corrupt wing of the Republican party (90% of the Republican Party) is at fault. Jack Abramoff knows what I mean.

So close the loopholes anyway,and if the speculators in the crude oil futures markets are not the reason then fine no harm done, but if they are then we get relief in 30 to 60 days, relief at the pump. Some say as much as 25-50 %. Congress needs to act now!

Copyright here- Phil Gramm is one of the authors of the Enron loophole. His wife, Wendy Gramm, was the head of the CFTC, and ended up as a co-defendent with Enron on several insider trading cases (most of which she settled). Phil is the Co-chair of McCain's campaign and his top economic adviser.

Who is at fault? Bush!

I thought this country was built geniuses with innovation. And if history has not taught anyone on the hill then what will? McCain should be Kennedy's next profile of courage. I think he is bold to make the shift.

The republicans are so desparate for a win this November! They now have George Bush slamming OBAMA today, and trying to rally conservatives around McCain. Anytime you have Bush speaking on behalf of McCain, voters need to beware! Bush stole the election in 2000 on behalf of FL(brother Jeb was the governor), he misled the country into a false war on terror to ensure his re-election, and he thinks the country should listen to his opinion on why McCain would be a better President! As for McCain, he can't even use a COMPUTER! No more Bush lies, and no to McCain!!! The American people are smarter this election year, and we will not be misled.
OBAMA '08!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

OBAMA/OSAMA 08!

JUSTSAYNODEAL.COM
JUSTSAYNODEAL.COM
JUSTSAYNODEAL.COM

Phil Gramm is one of the authors of the Enron loophole. His wife, Wendy Gramm, was the head of the CFTC, and ended up as a co-defendent with Enron on several insider trading cases (most of which she settled). Phil is the Co-chair of McCain's campaign and his top economic advisor.

Clearly the high cost of gasoline is a complicated issue. We Americans need to take our fair share of the blame. It might be easy to just blame the oilmen in the WH or other industrialized countries who now want a share of the world's natural resources. But, we need to examine what we have done to cause this crisis. We drive big cars and offer no incentive to the automobile industry to increase the MPG of the cars sold in this country. We offer no incentive to those who would like to find another energy source.

We also need to accept that part of the problem is the decrease in the value of the dollar. Now we have the mortgage crisis that makes the dollar worth even less but raising the value of the dollar and alleviating the mortgage crisis are at cross purposes and all we do is grab the first politician who says hope and expect that to fix all our ills.

That is simply not how it works. If we want to solve the problem, we (the American voters) need to lay aside all the bitterness and partisan animosity and look for a real solution. We need to accept that neither candidate is all wrong and neither candidate is all right. Neither candidate is a good choice but this is where we find ourselves.

McCain finds gimmicks and Obama accuses without even trying to find a solution. If we want a solution, we need to stop all this hatred and animosity and screaming at one while praising the other. We need to listen; maybe one or the other will find a real solution. As it stands now, we are giving them no incentive to find a solution. Instead we take sides and start screaming.

This is the nastiest political season I have ever seen. It is time to change the way we discuss the issues. We (the voters) need to change the atmosphere.

Biff, Biffington yeah your right and thanks for pointing that out. BTW love your blogs, they are the best.

There is so much news and opinion that everyone has muddled brains and cannot see any truth clearly. The oil companies count on this misdirection for their profit gluttony. The US Senate is full of paid off politicians that the oil company's have in their pockets.
We're also paralyzed by this backfiring political correctness that has any critic muffled for fear of retaliation. Sounds a lot like the Eastern Europe governments we were all so troubled by during the cold war.

We are not better off now.

All Iran has to do is stop exporting oil for one month the futures market would trade oil at 300.00 a barrel it would bring America in the rest of the world to it''s knees. Trust me this is there best attack is to shut off the supply of oil.

Iran is OPEC’s second-largest exporter after Saudi Arabia, and is the fourth-largest exporter of crude oil globally after Saudi Arabia, Russia, and Norway. Natural gas accounts for half of Iran’s total domestic energy consumption, while the remaining half is predominately oil consumption. The continued exploration and production of the offshore South Pars natural gas field in the Persian Gulf is a key part of in Iran’s energy sector development plan.

Boy O Boy I hope everyone is ready to pay 12.00 a gallon for gas. If the Bush Crime Family attacks Iran; you think Oil prices are high now, you just wait! This will seal the deal for Obama mark my words the back-lash from this will come down hard on the Rethuglicans.

ENLIGHTENED VOTER:
Obama has continuously talked about oil speculation and again just now on CNN, haven't heard a peep about it from john mcwar but then if you close those loop holes his buddies can't get rich from oil so I don't suspect he will talk about it. He'll just keep with his campaign strategy of trashing Obama instead of talking about the issues.

I AGREE WITH YOU… BUT MCSWINE "CANT" SUPPORT CLOSING THE LOOPHOLE (OR TALK ABOUT IT)…

HIS TOP ECONOMIC GUY "AUTHORED" THE LOOPHOLE!!! Phil Gramm works for McCains campaign.

Ignorant people continue with their ignorant statements! There is an old saying "JEALOUSY TAKES MANY FORMS."

WHY HASN'T CNN DONE SOME INVESTIGATIVE REPORTING ON THE ENRON LOOPHOLE?

Voters need the facts, truth! Not pandering!

A VOTE FOR MCCAIN IS A VOTE FOR MORE WAR

MORE TROOPS DYING FOR OIL

A WAR WITH IRAN

MORE TROOPS DYING, BEING MAIMED & COMMITTING SUICIDE (why don't McCain supporters tell us otherwise?)

MORE NATIONAL DEBT………. OVER $10 TRILLION AND COUNTING.

OWED TO? CHINA, SAUDI ARABIA & DUBAI…….. THANKS REPUBLICANS…….. AND YOU PEOPLE WANT MORE OF THE SAME????????????????????????????????????????????????

MAYBE THEY SHOULD START DRILLING ON MCCAIN'S HEAD TO SEE IF THERE ARE ANY BRAINS INSIDE, HIM, THE SAME AS HIS DADDY BUSH WHOSE ONE OF HIS MAIN FOCUS WAS ON IRAQ'S OIL, IS NOW LOOKING FOR NEW OIL FINDINGS (IN THE MEXICAN GULF) AND FOR ALTERNATIVE WAYS FOR ENERGY ONLY MAKES US BELIEVE THAT HIM, DADDY BUSH, AND THE REPUBLICAN PARTY CAN'T CONTROL THEIR GREED TO TRY AND FILL THEIR OWN POCKETS IN THE END…

UNITED WE ARE STRONGER

OBAMA (P) & CLINTON (VP) 2008-2014

NO TO MR. BUSH II (MCCAIN), MR. WAR, MR. KILL, MR. NO BRAINS…

George Bush is responsible -duh!

John Mcbush has voted against EVERY energy efficiency policy since he has been in office, over 30 yrs. Believe me people he could care less about energy, conservation or the environment. He is just jumping on Obama's bandwagon. Mcbush will drop these issues if he is elected. Look at his voting record and see for yourself! BTW Obama has a comprehensive energy plan on his website. Check it out.

Evron loophole and big oil-more counries using oil. Can't stop it all but we can stop speculator and tax wind fall profits while we tap more ecological and economical energy sources and build fuel efficient cars (which we could have had for years). Nuclear is not the answer. Not currently. It is not safe. Go to Public Citizen .com and check it out. Most ot these plants are built without proper safeguards or safe plans for waste. We have waste sites now that are full and we arre bringing in waste from outside the US. The Hanford site clean up was stopped by Bush in 2006. MOst of our plants are built and run by AREVA, a French company with a bad record of nuclear pollution in their own country. NUCLEAR RELAPSE is a BUSH/McCAIN agenda. The rise in gas prices is surely a part of making us accept it.

Phantom of the Oprah……..If Obama is king, God, and LORD of all- let him lower the gas prices.
His friends around the world- especially the middle east- should be willing to help him do so.
Did I just commit blasphemy against the great Obama?NO TAKE 7
STEPS BACKWARDS 2x ….I will forgive you …..MS CLEO!!!!

Tell the energy analysts that Enron pulled the sheets over their eyes and the public's eyes. Look at the Speculators. I smell another enron crime.

Demand hasn't increase double like the price.
Follow the money<– it's the Bush Enron loophole for his friends not mine.

Bush has bankrupted America. The Great American rip-off.
USA needs to make oil a public utility and nationalize all energy resources. For the people, by the people not for fake American Corporations owned by foreign inverstors that support terrorism–not by the Saudi and OPEC partners in crime.

Oil is traded in U.S. dollars. Our government is deflating the value of the dollar, which is why it takes more dollars to purchase a barrel of oil.

the entire oil industry are theives!

Oil companies are purposefully NOT drilling on land that they have leased, essentially lowering the supply. Isn't this the same thing Enron did?

Phantom, you sure did. That's ok. We will still win this November without your vote.

Obama 08

Warren Buffet said the problem is not speculators but supply and demand! I agree!

Wasn't this the same Daniel Yergin that wrote a book blaming the Cold War on American misconception? He sure does like to spread around the blame.

How about we throw a few bookies in jail?

What is responsible for the escalating oil prices?

Speculation = maybe

Greed= definitely

Obama has continuously talked about oil speculation and again just now on CNN, haven't heard a peep about it from john mcwar but then if you close those loop holes his buddies can't get rich from oil so I don't suspect he will talk about it. He'll just keep with his campaign strategy of trashing Obama instead of talking about the issues.

Bush and his oil buddys. Chaney and Mcshame are to blame for. Bush wants all the money untill he leaves the office so Bush wants Mccain to take over now to get more money out of us. Obama 08!!!!!!!!!!!!!!

Increased Global demand (think China and India) and decreased Global supplies (think setting fire to dwindling Middle east supplies) while no effort to seek alternatives by complacent Americans.

I thought it was called insider trading. people need to go to jail.

"Speculators have taken much of the blame. But on Wednesday, one of the nation's leading energy analysts said that it's more complicated than that and the cause is multi-faceted."

Ohh really?? You know what I say?? I say let's just gamble……I'll take your money just like oil! TRUST ME!

If Obama is king, God, and LORD of all- let him lower the gas prices.

His friends around the world- especially the middle east- should be willing to help him do so.

Did I just commit blasphemy against the great Obama?