It's the Speculators Stupid ...

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Excessive Speculation Is Causing High Pump Prices ...

Opening Every Oil Field the U.S. has will Only Reduce Gas Prices "3 Cents". The Price of Oil is Based on World Demand & Supply !!!
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It's the Speculators Stupid ...
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What Speculators Do ?
Speculators bet on the price a commodity such as OIL will reach by a future date, through instruments called derivatives. Speculators trade on rumour, NOT fact ... 
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A Derivative's value is based on the value on whether a barrel of oil will increase or decrease in price.
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Betting on the price outcome with only a single futures contract, a speculator has no effect on a market.  
But ...
A speculator with the vast capital resources to purchase a sizeable number of futures derivatives at one price can actually sway the market. 
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Excessive Speculation ...
A speculator by purchasing vast amount of futures at higher than the current market price will cause oil producers to horde oil ... Due to the decreased amount of oil currently available on the market ...  In the hopes they'll be able to sell it later on at the future price. This drives prices up in reality -- both future and present prices  ....
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Oil companies that both produce oil and own or buy derivatives can drive prices up and make even more money ...
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CFTC Was Setup to Protect Consumers Against Gultons ...
Commodity Futures Trading Commission, CFTC, is the federal agency that regulates commodity futures and option trading in the United States ...
But ...
CFTC lacks the funding  and power to Regulate or Control Excessive Speculation ...
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Obama is right we do have plenty of Oil ...
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The problem is NOT Speculators ...
But ...
Excessive Speculation in other words GREED ...
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The Solution ...
Congress must fund and implement the recently passed Wall Street Reform Legislation that prevents Excessive Speculation and Manipulation of Oil Prices. The new regulations close loopholes, improve oversight and increase transparency in the oil markets.
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OBAMA Needs to LEAD Our Nation ... And ... LEAN on Congress to Fund and Implement the New Regulations on Wall St that STOP Excessive Speculation and the Price Gouging ...
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Is Obama Afraid to Offend His Big Wall St Campaign Contributors ???
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The GOP Congress always wants more De-Regulation and is failing to Fund or Implement the New Wall St Regulations that Stop Excessive Speculation ... Obama needs to LEAD and LEAN on Congress ... GOP Why NO Wall St Regulations ? Politically Motivated ?  
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Do High Gas Prices Make GOP Candidates Look More Appealing ?
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GOP History of Deregulation
1920s GOP Congress GOP Presidents - Little to NO Regulation of Stocks on Wall Street ...
Market Crash 1929 ...
2001-2007 - GOP Congress GOP President - Little to NO Regulation of Wall Street Mortgage Derivatives. ...
Market Crash 2008 ...
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2012 Congress is all about Re-Election and Money NOT Being Patriotic Americans and looking after their fellow Americans ...
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The Suck Zones ....
* Speculator Oil Dollars ...
One Day "The Sound of Silence" when OPEC & Speculators have sucked every Last OIL Dollar out of the U.S. ...
and ...
* CHINA Retail Sales Dollars ...
One Day "The Sound of Silence" when China has sucked every Last RETAIL Sales Dollar out of the U.S. ...
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