Page 6 - Oil Speculation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

in fact, generally speaking they get back 4.8%. i'm going to put a few kernels into their pot because they are not paying taxes. let's look at another group. this bag represents people who earn between $30 and $100,000 a year. that's about 40% of households in the united states. this group represents a contribution of 18%. 18% of the total personal tax revenues come from here. i'm going to put about two handfuls of popcorn in the bowl to represent the taxes they pay. this bag represents people who earn between $100,000 and a million dollars a year. $100,000 to a million a year. that'...

For that car. the speculators improve price. >> bill: what's the oil companies see the speculators bidding up the price of oil they tack it on at the gas station. all right? so the price of oil goes up for not supply and demand. it goes up because speculators are betting it's going to go up. and that goes bang, right into the gas tank and right into the pockets of the american consumer. am i correct there? eric, am i correct. >> you are right. yes. >> bill: that's what happens, right? then when oil speculation goes down, when they are betting on the price to fall, oil companies don't drop the ...

Because you get a better price for that car. the speculators improve price. >> bill: what's the oil companies see the speculators bidding up the price of oil they tack it on at the gas station. all right? so the price of oil goes up for not supply and demand. it goes up because speculators are betting it's going to go up. and that goes bang, right into the gas tank and right into the pockets of the american consumer. am i correct there? eric, am i correct. >> you are right. yes. >> bill: that's what happens, right? then when oil speculation goes down, when they are betting on the price to fall...

Phone. governor, thank you for joining us. how are you? >> i'm doing great. thank you so much. >> eric: all right. so you heard him address oil speculation, but that was one part. is that enough to solve our energy crisis, gor? what did he miss? >> no. not even close to solving if problem here. the other night, we proposed an all of the above solution. we challenged the president to apply common sense and pro-american industry principles. no, today's speech reflected a lack of awareness of what the problem really is, and solution has to be part of, beyond a three-leg solution but multifaceted ...

Oil and create perception of a shortage and drive prices higher to quick oil for a quick profit. we can't afford situation where some speculators can reap millions while millions of american families get the short end of the stick. >> sean: as you are about to see, this is not the first time that the president promised to do something and not followed through. particularly on oil speculation. look at this. >> we also need to crack down on speculators who manipulate the market. >> crack down on speculators to help bring down gas prices. >> we had an energy situation where oil producers or specu...