Friday, March 16, 2012
- Blaming Speculators ... Again.
Blaming high gas prices on speculators is like blaming traffic accidents on steering wheels. Speculators don't define energy policy. They don't set the regulation. They don't set drilling moratoriums or ban pipelines. They don't project an image of weakness for our unreliable allies and unpredictable foes in the energy producing parts of the world. All speculators do is take the market where the driver of those things tells them to.
The smart way to handle speculators is to make them work for you rather than against you. If Team Obama would simply adopt policies which would really lead to lower gas prices, speculators would be more than happy to react to that by driving prices down. It's happened with natural gas, and it could happen with oil too.
But instead, he adopts policies which make his enviro-nut supporters happy. He throws wasted tax payer dollars at the green energy boondoggles that are supported by his contributors. He pretends that he knows better than the market which technologies will win and which will lose - as if the only people who REALLY understand the energy market work in government.
Speculators see all that, and react to it. But they're agnostic. They would be happy to send prices lower if Obama would simply give them a reason to. But Barry don't play that. That's not how Barry rolls. He'd rather keep the decision making where it will do him the most good, instead of letting that power go to the people who have to buy gasoline.
Fair enough. But be a man and live with the consequences of that. Don't blame the car for running off the road into a ditch. The car is working fine. The sad truth is, you just don't know how to drive it.