THE FOLLOWING ARE POSSIBLE COURSES OF ACTION THAT THE
PRESIDENT SHOULD CONSIDER IN RELATON TO ARBITRARY "SPECULATED" GASOLINE
PRICES
The President has the sole power to release the National Oil
Reserves if he should now choose to do so unless the oil corporation lobbyist
should prevent him from implementing this form of action. Releasing the oil
reserves would then reduce our present gasoline retail prices immediately. It is
also inconceivable that high petroleum prices have also contributed to our
present National Deficit since our Federal Government is the number one
customer for the oil industry--especially when this Nation is fighting three
different wars.
This oil reserve release policy should also remain in effect
until such time that other drastic measures are taken on the oil and gasoline
industry and their price fixing Oil Speculator Cartel who are located on Wall
Street and other parts of the world. It looks as though that the corporate
futures market Oil Pricing Speculator Cartel has now taken over the job and
power that OPEC once had--only they are more powerful since there are futures
markets or stock exchanges that are now located throughout the world. It is also
no secret that what the U. S. Wall Street stock market does in this Nation the
rest of the world follows in the same direction. The problem is: The oil prices
are drastically increasing in price and not declining even though this Nation is
now in a deep depression that has already eroded the finances of our American
People.
For those of you who may not know, the world futures market was
established 150 years ago for the sole purpose to assist the agriculture
industry and farmers throughout the world. Oil firms were not a part of this
equation. Recently the oil firms have found a loophole within our future market
laws that now provides them with a loophole or cover to speculate and control
the price of oil world wide through this agriculture trade law. What the people
of America would like to know is who authorized the Oil Firms to use this form
of price exchange merger and what law gave them this authority since they are
not in the agriculture business. If there exists any law that permits the oil
firms to utilize this type of price control law, then by all means this law
provision should now be repealed by the President and our U. S. Congress since
the oil firms already have too much control and power throughout the world
already. The President has ordered the Justice Department to investigate the
futures market recently and sincerely hope that public pressure will be applied
in relation to the questions that have been presented here and that the
investigation results will be made known to the public in relation to those
questions.
What aggravates so many of our U. S. Citizens today is for our
elected politicians tell our voters that they cannot do anything to resolve any
serious problem in this Nation that may be of a detrimental concern to the
American public when the majority or our American Citizens know damn well
that they CAN do something about it. The President who we elected into office
has been stonewalled by Business and the Republicans in the Congress regarding
this present depression and the budget deficit that is of great concern to every
working American in this Nation. This is not the time to be stonewalling it is
time for action. Therefore the President should take action immediately by using
his "Emergency Powers Declaration" that is provided to him by law to get this
Nation's economy back on track and immediately increase the income levels for
all minimum wage workers, senior citizens, the disabled and of course our
retired U.S. Veterans through emergency executive orders that is provided to
him. It is also inconceivable that the stonewalling will not get any better
since we will soon be approaching another election year very soon.The American
People want and deserve action that will produce jobs sooner rather than later.
In addition, the President can also use his emergency powers to control the
price of oil in this Nation if the speculators cannot do the right thing for the
people by lowering oil prices contrary to increasing them. For more information
regarding President Emergency Powers, please refer to the provided web link
below.
U.S. PRESIDENT EMERGENCY POWERS
AUTHORIZATION WEB LINK :
Emergency Powers Statutes
(Senate Report 93-549) A majority of the people of the
United States have lived all of their lives .... The next major
development in the use of executive emergency powers came under ...
Over the course of at least the last 40 years, then, Presidents have
had ... www. freedomsite.net/93-549.htm
WHY REFORMS ARE NEEDED IN REGARD TO THE PRICE OF OIL
AND GASOLINE
Oil prices within any oil producing Nation should be
determined at the local level in regard to the "actual" cost of producing and
marketing this oil within their very own Nation without any foreign intervention
or influence as to what the price should be to sell this local oil in the form
of gasoline to the people within that oil producing Nation.
The President utilizing his Emergency Powers that is
provided to him should immediately call for all gasoline refiners and retail
store locations to immediately roll back all existing "speculated"
retail gasoline prices that were sold to the public at approximately $4.00 per
gallon during the month of April of this year and reduce these existing prices
to the $2.78 per gallon pricing average that was reported during the previous
year of 2010. However, a majority of the American people that I have
personally interviewed believe that these speculated overcharged gasoline prices
have provided the oil firms in this Nation with an "unearned" profit margin from
the American People who are now struggling to find a way to pay their very own
living expenses at this critical time. They also believe that if the gasoline
prices are rolled back by the President that has previously been proposed many
citizen advocates believe that they should remain frozen until such time
that our National economy is no longer in jeopardy and that reasonable oil and
gasoline prices have been restored to the market place by eliminating the
"artificial" speculative pricing schemes on oil and gasoline that is sold in
this Nation by the oil firms and their counterparts who are the speculators on
Wall Street.This will be a difficult task by the President since the corporate
run New World Order and the World Trade Organization Nations who are
also connected with the world pricing speculators would not permit their present
world monopoly on pricing and trade to be dismantled or
interrupted.
The American People also realize that when the price
of oil or gasoline should increase whether the prices are true or speculated it
is inconceivable these inherited prices will eventually push up the retail
prices on all other products that are sold at the retail sector that could lead
to a recession or a depression due to the increase cost of
gasoline or diesel transportation costs that have been charged to all the retail
operators for delivering their ordered merchandise to their retail location.
This is also one big reason as to why food prices are so high today. In
addition, almost everything that consumers purchase today at the retail sector
have been made from oil products I.E. Products Made Of
Plastics, Crop Fertilizers, All Types of Batteries, Chemicals, Paint,
Insecticides, All Types of Tires, Road Asphalt, and All
Forms Of Lubricants just to name a few.
The "speculated" price increase on gasoline sold to the
public within a twenty-four hour period is also an additional "wind fall profit"
for the oil industry since most of the "lower priced gasoline" PRIOR to the
gasoline "speculated price increases" had not had enough time to reach the
public for consumption. Therefore the lower priced gasoline that were vastly
stored within the huge gasoline tanks at the refinery, the storage tanks on
transportation railway cars and the vast amount of storage tanks located at each
service station location with the lower price gasoline provided a windfall
profit for the oil industry by hoarding the cheaper gasoline to be sold later at
the higher speculated price, yet most of retail service station locations were
posting the speculated higher price of gasoline even though they had the cheaper
gasoline already in their Service Station tanks. Therefore, you might call this
practice as an "unearned advance profit gimmick" on the American People
once more.This practice can be controlled by the President through his emergency
powers or through the Congress by applying an additional wind fall profits tax
on the oil companies on all unsold lower priced gasoline that never reached the
public at the lower price, but paid the higher price at the gasoline pump. It is
therefore recommended that the gasoline consuming public should demand that a
Federal Law should be passed soon as possible to insure that this hoarding for
profit technique will soon be unlawful in this Nation. .
Another option that the President or the Congress should
consider relating to arbitrary speculative gasoline sales during a National
Emergency would be to "TEMPORARILY" Privatize the gasoline wholesale and
retail sales segment of the Oil Industry ONLY until such time that this present
depression emergency has completely been resolved
In Closing: Please keep in perspective that
the retail price on any type of a product other than oil that was previously
made and sold to the public within this Nation over many years ago was
"historically" based on the actual cost of materials and labor that was
"actually" utilized to produce this American made product and then price this
identical home produced product without any influence from any foreign Nation or
a small group of Wall Street speculators. It is therefore inconceivable that the
oil industry can do the same without receiving any "price coaching" from anyone
else. Since this Nation now drills and produces our very own domestic oil in
this Nation--then the price of this home produced oil and gasoline should be
sold at a much lower price if our American oil firms would not be influenced by
some foreign cartel or a pricing speculator on Wall Street. Could it be that
these oil cartels and speculators are utilized by the oil firms to avoid
possible anti-trust violations so that one can blame the other? Why do we now
have an OPEC and also Speculators BOTH influencing the price or the supply our
American made oil products? Since this Nation now produces more than 43% or
almost half of our very own oil supply, therefore one should also believe that
our present U.S. gasoline and oil prices should be much cheaper now than those
now being charged within other Nations who have no oil production at all and yet
their retail gasoline prices are virtually about the same as here in the Untied
States. Put that one in your pocket folks!!
PLEASE CONTACT THE WHITEHOUSE AND DEMAND THAT THE U.S. OIL
RESERVES BE RELEASED IMMEDIATELY TO REDUCE EXISTING RETAIL GASOLINE PRICES SOON
AS POSSIBLE
THE WHITE HOUSE
Comments: 202-456-1111
Switchboard: 202-456-1414
FAX:
202-456-2461
Leon is, and always has been, a yellow dog Democrat. He is also a Korea War Veteran and is a retired 76 year old Senior Citizen. He has also been active within his State campaigning for various Democrat candidates during his younger years and has (
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