From Fox News:
Under fire over high gas prices, Obama calls for tighter curbs on oil market manipulation
Fighting to contain voter anger over sky-high gas prices, President Barack Obama urged Congress to toughen penalties for improper manipulation of oil markets and called for stricter government oversight of energy markets.
"None of these steps by themselves will bring gas prices down overnight," the president said in the White House Rose Garden. "But it will prevent market manipulation and make sure we’re looking out for American consumers."
The American Automobile Association puts the national average price for a gallon of regular at $3.904.
On a White House-organized conference call to preview the announcement, senior administration officials refused to say how much improper or illegal manipulation added to the per-gallon price at the pump or when, if at all, Americans could start seeing the policy reduce the cost of filling up.
"You won’t find the administration making projections about the particular impact, or the particular price impact, of any particular policy," one official told reporters on condition of anonymity. "We would leave that to outside analysts to disentangle."
This is how these morons actually think! “Prices too high in an already over-regulated industry? Well shit, let’s just regulate it some more! We won’t speculate how much this new regulation will lower prices where the old regulations didn’t, but we never saw an industry we couldn’t over-regulate!
If we don’t promise a result then you can’t track our success (or lack thereof) in performance!” Because there is nothing that the government cannot do better through central planning, bureaucracy and regulation than an actual free-market society can.
So, according to the anointed one, this has nothing to do with supply and demand (even though this is the genius that said releasing a piddling amount of the strategic oil reserves would lower prices)…it has nothing to do with the fact that his Jackass bunny-hugger liberal friends have blocked the building of new refineries and nuclear power plants here in the USA for decades. It has nothing to do with him blocking the Keystone XL oil pipeline from Canada…It has nothing to do with his Energy Secretary publicly wishing for higher gasoline prices .
But it has everything to do with…Wait for it!!!…”Walllllll Streeeeeeeet!!” Dirty, evil Capitalists…
Read the rest of it here if you have the stomach…