Senator Bernie Saunders
By Doug CunninghamAs gas prices skyrocket oil companies and Wall Street are reaping huge profits form your misery at the gas pump.
Vermont Senator Bernie Sanders says this price spike has nothing to do with real supply and demand and everything to do with oil price speculators driving up the price so they can profit from the gambling.
Senator Sanders is demanding that federal regulators impose limits on oil speculation because he says Wall Street is artificially jacking up the price of oil in energy futures markets. realtionship
Sanders says the same Wall Street speculators that destroyed our economy in 2008 are again ripping off the American people.
Oil companies are making billions on this speculation even as they get $4 billion a year in tax credits and subsidies. Sanders, the AFL-CIO and others are urging both limits on the speculators and an end to the billions in tax subsidies for big oil.
Rightardia has noticed an oil PR campaign to prevent taxes form being raised on the oil industry so the oil industry can "create more jobs."
Rightardia would suspect if oil subsidies are cut, an effect at the gas pump will be noticed quickly. The Republicans who have had a "gay relationship" with the oil barons for years. The GOp will do what it can to protect these subsidies under the guise of protecting jobs.
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