Challenging times demand timely challenges. And just as JFK once spurred the country to greatness with words of leadership, wisdom and inspiration -so now has BO laid forth his challenge to this nation of ours. But instead of merely landing a man on the moon and returning him safely Obama has given the country a far more exacting mandate. He wants to know why gas costs so much, and he wants to make sure no funny stuff is going on with the markets.
Marketwatch has the score:
President Barack Obama ordered a probe into potential gasoline price-gouging on Friday and said the government is watching for manipulation in oil markets.
Speaking at a White House press conference, Obama said he’s asked his attorney general and U.S. government agencies to work with state attorneys general to monitor for gasoline-price gouging, “to make sure that nobody is taking advantage of working families at the pump.”
As good American subjects, we here at IHateTheMedia.com have heard the President’s call and will answer.
Dear Mr. Obama:
Gas prices are high for a number of reasons. Here are some of the biggies:
1. You’ve decreased supply by banning drilling in the Gulf and ANWR. There has been no such similar decrease in demand. Scarcity of the resource has increased its value.
2. Congress has mandated the combining of gasoline with ethanol. This ethanol has led to food shortages across the world. These food shortages have resulted in the destabilization of oil producing nations. Speculation on the further scarcity of oil, due to regional difficulties, has greatly increased the price of gasoline.
3. The government taxes the hell out of it.
4. Your economic policies have destroyed the value of the dollar. As a consequence it takes more of them to buy every barrel of oil.
With warmest personal regards,
The Guys at IHateTheMedia.com
P.S.: Please say hi to Barney Frank and tell her we really think she’s a swell gal.
Oh, my god, we crack ourselves up.
– Written by Kip Hooker at TheVitaminPress.com
Source: MarketWatch.com
