You can do something about oil prices now . . . !!
I don't know whether the commentators and pundits have been reading our blog lately or not, but suddenly they've begun talking about market speculators being responsible for the unconscionable run-up of world oil prices.
Those who speculate only for the potential profit are responsible. Check our suggestion we posted a few days ago about limiting the oil markets only to those with the potential of taking delivery of what they purchase options for.
Yes, I know it will take more than your Congressperson passing laws re-regulating and setting new rules for oil futures trading . . . it will take some international diplomatic negotiations to stop the practice in other countries, as well.
But, Congress is a start. If they will, they can initiate change. Now is the time. Contact your Congressional Representative now, and make the suggestion, or simply refer them to our blog for information. Be sure to put your own thoughts in your own words in your email to your Representative. Here's a link to a site that will link you to him or her.
https://forms.house.gov/wyr/welcome.shtml
Please, do it now, while its fresh in your mind . . . unless, of course, you really enjoy paying $4.00+ at the gas pump!
2 comments:
One other thing that seems to be working is the AmericanSolutions petition that Newt Gingrich started:
https://www.americansolutions.com/
This will be presented to Congress along with the 500,000 plus names that have signed it already - the more the merrier - to show them that Americans are tired of paying others for what we have in abundance.
Mike
One other thought on this issue. If the oil reserve and the oil and coal resources in America are for "emergencies in the future", what constitutes an emergency? When some Americans have to make a choice between food or gas how do we rationalize saving for some indeterminate future that may not materialize?
Like the person who dies poor while having hoarded great wealth it makes no sense.
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