Oil speculation routinely adds as much as 50% to the price of oil, but corporate criminals, like the Koch brothers, don’t want you to know that. Instead they are financing ads that accuse Barack Obama of using environmental policy to keep oil prices high. They and the media Koch suckers who spew this garbage are lying.
A key conservative group will launch a new campaign this week aimed at trying to put the blame for high gas prices on the Obama administration.
The Americans for Prosperity Foundation, the libertarian-leaning nonprofit chaired by David Koch, will launch rallies and media campaigns in a series of states — beginning with Nebraska — asserting that the administration’s regulation of the energy industries is key to pain at the pump.
“We want the public to know there’s a reason these prices are going through the roof: It’s because of the environment produced by the regulatory practices of this administration,” the group’s president, Tim Phillips, told POLITICO.
The group doesn’t disclose its donors, though much of the Koch fortune was made in the refining business.
Phillips said the fact that gas prices have more than doubled since the day President Barack Obama was inaugurated, when a gallon of gasoline sold, on average, for $1.83, is no accident. In recent weeks, prices at the pump have been nosing toward the most recent spike — $4.12 a gallon — in the summer of 2008, before they plummeted during the global economic slowdown.
Most analysts blame the global economic recovery, as well as turmoil in the Middle East, for much of the increase, but the oil industry and Republican critics have long argued that opening new areas to drilling and speeding the permitting process would lower prices. The administration also has sought to increase taxes for profitable oil companies, saying it would put the proceeds toward longer-term alternative energy solutions but hasn’t offered a quick fix… [emphasis added]
Inserted from <Politico>
When Obama took office, there was a reason gas prices were so low. The Republican recession sent speculators scurrying from the oil market like roaches when the light is turned on. The other reason is that Americans stopped driving as much as possible, because the economy was so bad, and they feared for their future. The speculators have returned and more Americans are driving. That’s why prices have increased.
Ed Schultz provides more detail.
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Note the graph that showed how oil production fell under Bush and has risen sharply under Obama.
When the Koch suckers spread their lies in your community, tell everyone you know the truth.
6 Responses to “Koch Suckers Lie About Oil Prices”
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Sometimes I wonder if they even have souls.
Patty Republican politicians have what they are: ass-souls. 🙄
You learn something new every day – and much of it is stuff you wish was fiction! This is horrible! Thanks Tom – I guess!
Lee, I would prefer that it was not there to reveal.
I like their new name – Kochsuckers. It’s so good I wish I had thought of it. Speculation is driving up gas prices and nothing else. 😡
Actually Lisa, when I thought of it, it was original thought, and I first used the term in an article on May 16. However, that’s obvious enough that many great minds must have fallen in that ditch.