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Clinton: Gas costs have been manipulated
May 5, 2008 | 10:24 AM
Category: Political
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Clinton: Gas costs have been manipulated

INDIANAPOLIS (UPI) -- U.S. Sen. Hillary Clinton, D-N.Y., Sunday blamed market manipulation as the likely cause of record high gas prices in the United States.

Appearing on ABC's "This Week with George Stephanopoulos," the Democratic presidential contender said if she is elected in November, she will immediately order an investigation into the industry.

"We know that there's market manipulation going on. So I would launch an investigation if I were president right now by the Department of Justice and the Federal Trade Commission," Clinton said.

The New York senator said any attempts to lower gas prices should require the participation of the Organization of Petroleum Exporting Countries.

"I would begin to go directly at OPEC," she said. "I think it's been 25 years where we've, you know, largely just been at the mercy of the OPEC countries."

Clinton said in addition to taking on OPEC members, she would confront oil companies about the rising cost of gasoline.

"You see, I really believe we've got to start right now demonstrating a willingness to take on these oil companies," she said in response to a "This Week" audience question.


Copyright 2008 by United Press International

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Member Comments Total Comments: 7
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philmcgroin read my blog
May 5, 2008 | 12:06 PM

When a single company can report BILLIONS in profit for 1 quarter, it's not rocket science. Sure they manipulated the market!!
SKevin read my blog view my photos
May 5, 2008 | 2:18 PM

I saw that yesterday. It frustrated me some until I realized that it was nice that a politician was at least addressing it with the beginning of a solution. I have not heard many solutions being considered from the other candidates. Yes, she has a short term "fix" in mind and that is good. We need all the help we can get. Maybe it is a political ploy but if you vote based on that alone, shame on you. The downside I see to her solution is that, yes, maybe the tax is passed on to the oil companies. Maybe the tax is lifted for the summer. In typical big oil company business practice, they will just raise their prices more eating up that minimal savings we may see. Something else needs to be done in the long term.
outspoken1 read my blog
May 5, 2008 | 11:27 PM

INDIANAPOLIS (UPI) -- U.S. Sen. Hillary Clinton, D-N.Y., Sunday blamed market manipulation as the likely cause of record high gas prices in the United States.

YOU THINK!!!!! Duhhhhhh
acoolone read my blog view my photos
May 6, 2008 | 12:06 AM

MMMM everyone is bitching about gas prices and saying no politician wants to do anything about it. Well that’s not true is it? Remember Bush wanting to open up new oil fields? Remember he wanted to build a new refiner. Remember he wanted to give oil companies the right to explore new oil fields in the Gulf? But all we heard was the left wing nuts saying what a bad thing that would be, but wait! Now that Obama or Clinton wants to do it, it’s ok.
If we would have done what Bush asks for 8 years ago we might not be in this mess now. But now we might have to let some Dim wit Dem o rat try and do it and we will be hurting twice as bad in four years until we can replace him/her with a Republican.
a_black_man read my blog
May 6, 2008 | 12:43 AM

believe it is time for A PRESIDENT who will be attentive to the needs of the people, both rich and working; disabled and retired.
For the past thirty-two years we have experienced the "Reaganomic Trickle Down". It has trickled us down to a beggar nation. Our people are begging for jobs the can not get because they don't speak the language of the illegal Mexican immigrant worker. American people are allowed to be preyed upon by loan sharks with a license to lend and set whatsoever rate they will at any time. America is being invaded by illegal immigrants whom the tax payers of America pay billions to raise through education and medical cost. Yet when a child born of an illegal immigrant on American soil who is an American by LAW excels academically he or she is denied access to higher learnig facilities due to their parents being illegal to begin with (that is wrong). CHANGE!, Oh yeah we need change or we will fall if it is not too late already. It may be that our politicians have known for a while that we, America as we know it, are going down and have decided to "trickle it slow so that WHEN YOU REALIZE what has happened it will be too late and the damage is done. Change ?? What do you think?
acoolone read my blog view my photos
May 6, 2008 | 1:25 AM

I think Obama sucks, that's what I think.
philmcgroin read my blog
May 6, 2008 | 7:25 AM

You are right on acoolone! Bush had his hands tied for 8 years, and all the dems do is cry and whine about him. We could be paying less than ever for gas had Bush been able to do what he asked. If Obama or Clinton are elected, you can expect to pay more than just high gas prices.
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Bellafisk

Animals are kinder than people. I have dogs & cats. Bella, Cassie, Frankie, Jeanie, and Montie. They have all been rescued. "In a perfect world, every dog would have a home, and every home would have a dog". bellafisk@sbcglobal.net

Member Since: 5/15/2007


 

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