Oil shot up over $10 today, $16 in two days, why isnt Congress having an emergency meeting?

congress cannot do sh*i*t for the short term price fix.however congress can wake the f*uc*k up and allow drilling in the USA.we have more oil than the rag heads.the reserves are estimated for over 500 years ! these assholes shut down drilling over 20 tears ago in the USA.time to force these pricks to listen to the people !Oil shot up over $10 today, $16 in two days, why isnt Congress having an emergency meeting?
if you want oil prices to go down (relative to the value of the dollar) demand that your congresspeople not bail out the banks and mortgage companies that used bad practices for securing loans that people could not afford. Do not bail out the people that didn't read or get proper advice before signing their mortgage contract. And tell the federal reserve to raise interest rates to a proper level. This should boost the value of the dollar worldwide, and therefore lower the cost of oil (relative to the value of the dollar).Oil shot up over $10 today, $16 in two days, why isnt Congress having an emergency meeting?
Because whatever they try to do GWB shots them down.





At this stage the administration and the Congress are just dead in the water.





Nothing will get done until about this time next year.
To what end? Do you honestly think that Congress can actually DO anything about what a foreign-based speculator is willing to bid on a futures contract for oil to be delivered in the next few months?





We, the consumers of the product are the ONLY ones who can impact demand and therefore prices. It is starting to shift somewhat, as manufacturers are scrambling to slash prices on gas-guzzling SUVs and full-sized pickups. But until Americans in general give up on the notion that it is their God-given right to be wasteful, there won't be enough impact to change prices much.
The proper question is, why aren't the Democrats letting us drill our own reserves?
they are ';busy'; with the election
That's ok. They make enough money to cover it. Oh, you meant us? Why do think they care?
What do you mean, the democrats already had meetings that are going to have MASSIVE impacts on decreasing the costs of oil - 1) Sue OPEC, 2) Blame the oil companies -


This is the infinite wisdom of the democrats in congress - brilliiant policies that will have lasting impacts at decreasing the cost of energy in the future. If you cant beat em, SUE OPEC!!!!





Dont build refineries, nuclear power plants, open up anwar, drill offshore, drill onshore - no dont do any of that, according to the democrats we should sue opec and blame the oil companies, even when oil is bought and sold on a global market and they dont set the price...





Drill more, drill now -- pay less later
What would they do? They arent going to suddenly realize the idiocy of putting so much of our domestic energy potential off limits- we have oil that will last for some time- we have the technology to make liquid fuel from coal as well and many other options but hell if we work with that... Its all politics that serves no purpose. We also need to look into REAL alternatives but again its all politics and the leftists are more concerned with dividing this nation and seizing political power than doing what is right...


And oil is an international commodity- beyond what I've stated, Congress and the President cant do a thing
Meeting about what? More things they can't do to stop it? Oil is a global commodity, neitehr congress nor the president can do anything about the day to day fluctuations in price.
They are but they just don't care about America or American's. They only care about how they can fatten their campaigh war chests.
THEY ARE PLANNING THEIR NEXT MOVE ON HOW TO MAKE LIFE MORE DIFFICULT TO MIDDLE CLASS AMERICA.
cause they all have money and we don't so they don't give a rats ***
Because they dont give a rats butt!
liberal congress


they don't care
The entities that benefit from the OIL price are the sugar daddies of congress.





Human nature is to support one's benefactor's benefit.





* all my posts are my opinion.
Congress doesn't control the price of oil. There isn't anything they can do about it, emergency meeting or regular sessions won't make any difference.
Because they don't care is my guess and they can't find a way to blame President Bush for it... lol
The committees are, but having a full joint session wouldn't be productive at this point- too many of them don't have the facts yet.





Aylatroy: Very good point, but I don't believe congress has ever considered productivity when deciding whether to have a meeting. It's sort of all they do.
They are not having an emergency meeting because none of them have ever lived on the financial edge. All of our elected officials have had money in their background. They do not know what it's like to have a budget and limited resources. Our entire economy could collapse, especially with the new green philosophies. Before anyone acts on it, it will be too late. The Clintons haven't actually had to pay for gas since 1992 (so I heard on nationally news) and I'm not sure they had to when Clinton was the governor of Arkansas. You have to actually experience something for it to really hit home and I don't think it has for the Senate. We are at a critical time as a nation and worldwide and people should really consider the issues before they vote. I've watched the coverage of the candidates on TV and my mouth falls open in amazement. Gone are the days of selfless service and selfish ambition stands in its place. Who knows who is funding the campaigns of these people? Where is this money really coming from and why? After we hit the bottom, maybe someone who really cares about people will rise up and do the right thing. I hope it won't be too late.
Because their hands are tied ! Unless we start drilling the demand side economics will prevail!
In a few days, the Dems will bring out the oil executives, talk tough, but provide no solutions. That has been thier game plan for 20 years. Yet the same idiots have been in Congress for 20 years.