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Paul Krugman VS Amy Klobuchar
Posted by: Jon Henke on Wednesday, May 14, 2008

Paul Krugman says it's those darned conservatives pushing the idea that speculation is behind high oil prices...
Traditionally, denunciations of speculators come from the left of the political spectrum. In the case of oil prices, however, the most vociferous proponents of the view that it’s all the speculators’ fault have been conservatives...
Meanwhile, it's Democrat Sen. Amy Klobuchar who says speculation is behind high oil prices, and actually introduces legislation to "curb" speculation.
Our next step should be to stop the speculation that is driving up prices in world energy markets. Oil company executives have testified recently that oil should be trading for about $55 per barrel, but that a frenzy of speculative investment has driven up its price artificially. That’s one reason why I cosponsored the Consumer-First Energy Act.
This, says Paul Krugman, is the Republicans fault.
 
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Oil company executives have testified recently

Well, of course. I mean, those "executives" are all Conservatives, no doubt, and therefore this is still a giant Conservative plot.
 
Written By: Sigivald
URL: http://
Yes, but that’s dog bites man. According to Krugman, everything, up to and including the weather, events that happened before the creation of the Republican party, and imaginary bad events pushed by Democrats and which nonetheless have not yet eventuated — everything is the fault of the Republican Party. Everything bad, anyway. And nothing good.

 
Written By: Jeff Medcalf
URL: http://www.caerdroia.org/blog
Our next step should be to stop the speculation that is driving up prices in world energy markets. Oil company executives have testified recently that oil should be trading for about $55 per barrel, but that a frenzy of speculative investment has driven up its price artificially.
Well, gee, gang.
Where have I heard this before?
Wasn’t Erb commenting on this just a few days ago? Where is he now, I wonder?

 
Written By: Bithead
URL: http://bitsblog.florack.us
The way to smack down the specs is for the Congress critters to get off their duffs, grow a set and do the hard work they were elected to do...namely to make hard decisions and do something useful for the American public by designing legislation that encourages a comprehensive energy policy and drives the US away from imported energy. (Ok, ok, maybe I am asking a lot of that group but let me dream.)

Seriously, the current price of oil could be cut 30-40% almost overnight by our esteemed Congress doing one simple thing: declare that the US has changed its mind and will drill in ANWR as soon as possible. (And for good measure we are going to ramp up coal liquefaction too.) That will have the specs ’covering their shorts’—not to mention having to clean them out!

Yep, the Speculators will be scrambling and the price will drop dramatically in a matter of days. Then maybe we can get things to slow down enough to do some of the real work of actually changing our energy policy and move toward something more sustainable before the Chinese and the Indians decide they want it more than we do.

Just my 2 cents.
 
Written By: Unscripted Thoughts
URL: http://
It is like I alway say: liberals have this incredible problem with facts. If facts don’t fit their argument, they make things up. If the facts they make up don’t fit the argument, blame Republicans for whatever is happening.

Take gas prices, for instance. The facts are that if Democrats had allowed drilling in ANWR in 1998, we would have that oil in the system now. But liberals argue that ANWR will not help the system now, and, besides, it is only because Republicans want to help "big oil" make more money.

It is the old 1-2-3 sham of liberalism. Don’t agree with the argument, make up facts, then blame Republicans for the situation.

Apply this theory to any stand taken by the Left, and you will see what I mean.
 
Written By: James Marsden
URL: http://
There’s two camps on gas prices on the Left

1) Gas prices are too high. Its George Bush’s/Republican’s fault. Let’s pound this point for political gain. For a long time it was the only statistic they could use against Bush since inflation, unemployment, etc were never out of line with the Clinton Golden Era.

2) Gas prices should be high to get people into smaller cars, shorter commutes, or take the bus. It helps reduce consumption and C02 emissions.

Considering how the Democrats are phasing in a buck worth of taxes I know which camp the Democrats really follow. Don’t expect any legislation that has any real teeth on reducing gas prices to be passed anytime soon whether it would actually work or not. The most they might do are stunts between now and November like a gas tax holiday for one or two long weekends. Stopping buying oil for the reserve is an example of this hollow political play on the issue.

Once we pass November, we will get the message from the Democrats that gas prices are high, accept it. Here’s some more gas taxes and here’s a brochure for an assortment of econo-boxes to choose from.
 
Written By: jpm100
URL: http://
There’s two camps on gas prices on the Left

1) Gas prices are too high. Its George Bush’s/Republican’s fault. Let’s pound this point for political gain. For a long time it was the only statistic they could use against Bush since inflation, unemployment, etc were never out of line with the Clinton Golden Era.

2) Gas prices should be high to get people into smaller cars, shorter commutes, or take the bus. It helps reduce consumption and C02 emissions.
I’ve encountered some on the left who are in both camps.

They actually want high gas prices, but they want lower profits among the private sector.
 
Written By: Don
URL: http://

 
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