Friday, March 16, 2012

Why gas is so high .

The rise in gas prices has almost nothing to do with energy policy. It has everything to do with America's continuing failure to adequately regulate Wall Street. But don't hold your breath waiting for Republicans to tell the truth.

Over 80 percent of America's energy needs are now being satisfied by domestic supplies. In fact, we're starting to become an energy exporter. Demand for oil isn't rising in any event. Demand is down in the U.S. compared to last year at this time, and global demand is still moderate given the economic slowdowns in Europe and China.

Wall Street is betting on higher oil prices in the future -- and that betting is causing prices to rise. The Street is laying odds that unrest in Syria will spill over into other countries or that tensions with Iran will affect the Persian Gulf, and that global demand will pick up as American consumers bounce back to life.
These bets are pushing up oil prices because Wall Street firms and other big financial players now dominate oil trading.

This is the thing.
Our 10%-approval-rating congress and our judicial system can put a stop to the rising gas prices.
They have that power, not President Obama... and they all know it.
 Below is a link to contact your congressman/woman.

http://www.usa.gov/Contact/Elected.shtml
 Our broken judicial system and our broken congress know that Wall Street needs to be regulated and they know that it is Wall Street speculators that are driving up the prices at the gas pumps.
Our do-nothing congress has the power to stop it with a vote.
They choose not to because they are the 1% that profit from Wall Street.
Our congress does not represent the people of this country. They represent themselves and their 1% richy-rich buddies. Our 10%-approval-rating congress is broken. We need a government that represents the people. http://www.the99declaration.org/

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