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Justice Dept. to look for market fraud affecting gas prices


Casino67

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The Hill:

President Obama on Thursday said the Justice Department will launch a new effort to probe oil markets for abuses that might be driving up gasoline prices.

The initiative comes as rising pump prices have shot up the political agenda, prompting daily GOP attacks on Obama’s energy policies, which Republicans say have stymied domestic production.

Obama, in a speech in Reno, Nev., said the new effort stems from last month’s request that Attorney General Eric Holder probe any potential price gouging.

“Today, I’m going to go a step further. The attorney general’s putting together a team whose job it will be to root out any cases of fraud or manipulation in the oil markets that might affect gas prices — and that includes the role of traders and speculators,” Obama said.

“We are going to make sure that nobody is taking advantage of American consumers for their own short-term gain,” Obama said.

Oil and gasoline prices have risen alongside turmoil in North Africa and the Middle East. Average gasoline prices average $3.84 per gallon nationwide, compared to $3.55 a month ago and $2.86 at this time last year, according to AAA.

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This will turn out to be just like his debt reduction committee, ignored and forgotten. The 0 has to go!!!
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Oh great....Eric Holder is handling it. That means some state will be sued, somehow one or more unions will benefit and in some way white people will be held responsible.

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"Food stamps, unemployment benefits, compensation benefits, have expanded under Obama for one reason: the misery that his policies have caused. Obama's policies have multiplied misery in this country, to the likes which we've not seen it." -Rush

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Certain words come to mind when dealing with anything from 0:

Straw Man

Hoax

Charade

Disingenuous

He will do anything and everything to divert attention from his own incompetence and deception...

a clear and present danger to this nation and everything it stands for.

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