Would Trump's Plan WORK And Is Obama's Administration PURPOSELY Allowing Gas Prices To Stay High?

In recent weeks Donald Trump has been making the rounds on talk shows and political programs to make a name for himself as a possible candidate for the 2012 presidential election. While some have dubbed him an absolute clown with a three-ringed circus, other publications have found that he is currently leading the GOP nominees in recent polls.

The good thing about Trump is that at least he doesn't mince words and at least he seems to believe what he says, even if it's ridiculous.

Admittedly so, I am not a HUGE political follower. With that said, I leave it up to the Spies.

Trump's latest statements surround dealing with the Organization of Petroleum Exporting Countries, better known as OPEC.

According to The Huffington Post, Trump blames President Obama by saying negotiations with OPEC are crucial and that "We don't have the right messenger. Obama is not the right messenger."

**For the FULL details, click "Read Article"


WASHINGTON -- With gas prices rising above $3.50 a gallon in all but one state, Americans are getting hit hard at the pump. But billionaire and presidential aspirant Donald Trump thinks he has the solution: Simply tell OPEC to cut prices.

Trump blamed gas costs on the Organization of Petroleum Exporting Countries (OPEC), a conglomerate of developing nations responsible for 40 percent of global oil supplies. He said on CNN's "State of the Union" Sunday that lowering the price of gas is as easy as telling OPEC's members to do so -- something he believes President Obama is incapable of...

[Source: The Huffington Post]

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veyron1001 - 4/18/2011 8:14:07 AM

+3 Boost

As much as the public want to blame the gas prices on the government. The real problem is the consumer and supply and demand. If demand goes down but not the price, then you can blame.

holmstar - 4/18/2011 8:51:15 AM

0 Boost

Consumption of gasoline is fairly inelastic. To a point, people will continue to buy about the same amount of gas regardless of moderate price increases. Currently the futures contracts for a particular real world volume of oil are typically bought and sold over a dozen times before an actuall consumer of oil purchases it. Investors argue that this trading of futures doesn't push up the price... But they are in it to make a profit, and they wouldn't be investing in oils unless they make a profit more than 50% of the time. And ultimately as end consumers of oil based products (and products transported by oil based fuels) we all pay for that profit. A moderate amount of speculation is useful for stabilizing the price of a commodity, but what we have today in the oil futures market is FAR from moderate.

Joe_Limon - 4/18/2011 10:26:51 AM

+4 Boost

That's a lot of speculating!

toolatetorace - 4/18/2011 11:40:11 PM

+4 Boost

OK, then , why have we seen such wild price rides for the last eleven or so years . Last summer the price went down when we had, according to the oil zars ,peak driving season and why did the price take off when there was the big oil leak in the gulf and they could not shut off the runaway well . this brings up another point . all the oil zars are saying that there is no oil under pressure under ground anymore . Well the gulf of Mexicos failed drilling platform failure tossed that theroy out the window

internationalmanofmystery - 4/18/2011 9:17:31 AM

-5 Boost

This guy is chump! He came into this world and his daddy GAVE him millions and shipped him off to military school. And he still has THOSE millions even though he would like people to think he has billions. He is propped up by so many who have interests in him staying afloat. Just build a building, offer him a fee and you too can have his name on your building. If you listen keenly you will often hear him talk about a "BRAND" his "BRAND" Joke! He got kicked out of Vegas by Steve Wynn so he couldn't build a casino like that fiasco The Taj (supposed to make a million a DAY, was it??), got his clock cleaned often by the late Merv Griffin, and knows so much about bankruptcy courts he can tell you from memory the number of steps to reach the judge's chamber from the court house steps. Pipe down, Donald! You are a pitchman that's ALL! Go play with the mafioso in Joisey now! THEY made billions off YOU!

internationalmanofmystery - 4/18/2011 9:30:14 AM

-8 Boost

And last I checked for a black guy who graduated Harvard, Obama wasn't lining his own pockets with oil revenue! Maybe he is stupid for not owing a refinery, a rig or ownership interests!! Lord knows the Bush clan would line their own pockets at the expense of the masses as long as they got theirs!!!! They would mortgage or outright sell this country for that and just move to Dubai!!

internationalmanofmystery - 4/18/2011 10:36:38 AM

-3 Boost

"So by your reasoning then, gas prices were at all-time highs for the last 8 years then...which isn't true at all."

If this comment is directed at me, then wise up! All time highs? You are joking right? Your reasoning seems to suggest that oil companies need ALL time highs to rake in tax-free billions per QUARTER? That is laughable, sir! How much did oil companies make over that period with a president with oil interests? And how much in taxes did those companies pay? And how much raw cash (in billions) left the wodden pallets in Iraq? Six billion?? I have heard of pigs flying, but cash??

mini22 - 4/18/2011 12:37:07 PM

+1 Boost

Trump is a a good media personality and has made a lot of money(and lost a lot of money).I'm not sure I trust him with the middle class. Frankly I don't buy the fact that he would be able to convince the Suadi's to lower the price of oil.First off oil prices have gone higher because of market speculation. Also we as Americans still like to drive large gas guzzeling SUV's. Until our appettie changes to smaller,more fuel efficient and electric/hybrid cars we are still going to be very dependent on the middle east for oil.Even if we were less dependent do you really think the gas prices will drop significantly. Mark my words don't expect to see under $3.00 per gallon again.Further I'm not convinced of Mr. Trumps foreign policy skills. He's got more of a Bush mentality. During Jr's reign the US was not only not respected, we were hated by most.

speed123 - 4/18/2011 12:59:12 PM

+1 Boost

This guy is a joke.

delan - 4/18/2011 10:18:54 PM

+2 Boost

I just want to pull that marmoset from his head.

internationalmanofmystery - 4/19/2011 9:06:13 AM

+1 Boost

ha-ha