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ollie2655
Senior Contributor

obamo doubles gas prices

with obamos ineptness and lack of financial ability he has now doubled the price of gas under his mismanagement----hope our nation can survive till 2012--come on libs defend your boy now

16 Replies
KNAPPer
Senior Contributor

Re: obamo doubles gas prices

That's right Ollie. He should have lowered the price of crude oil by breaking unions and overturning Roe vs Wade. While he was at it, he could have passed a law to make prayer in school mandatory. More tax breaks to multi millionaires and corporations would have helped too. As a matter of fact, he should have made a presidential decree that oil companies, their boards and shareholders should not have to pay anything close in taxes to the percentage us commoners pay.....wait...I think he did that....

r3020
Senior Advisor

Re: obamo doubles gas prices

He could also increase the price of other forms of energy by forcing cap and trade through the EPA. Oh wait, he's already done that too.

schnurrbart
Veteran Advisor

Re: obamo doubles gas prices

Is gas over $8/gal now?  I must have been asleep because the last I saw it was only about $3.59 here.  It got to over $4/gal when bush was running things and if Obama has doubled the price, it must be over $8 now.  I am TRYING VERY hard to be nice.

KNAPPer
Senior Contributor

Re: obamo doubles gas prices

Not really, but you can try and claim that. I still think he is in charge of all the multi national and foreign oil companies (I bet he's the CEO/CFO in secret) and chooses to make us all pay more than we should. darn Obama! It is ALL his fault that we have the much beloved capitalist system....but wait...I thought he was Socialist/Communist/Fascist??????? God forbid he is a Capitalist.

 

schnurrbart
Veteran Advisor

Re: obamo doubles gas prices

Even if domestic supplies were developed, American presidents couldn’t really control oil prices. The U.S. government has estimated that there are 18 billion barrels of oil in the outer continental shelf of the lower 48 states that are off limits to development. That may sound like a lot, but it is only about 21 / 2 years of supply for the United States, and it would take several years to allocate leases and drill exploratory wells. Even if the estimated 10 billion barrels of oil in the Arctic National Wildlife Refuge were available for development, today’s policy decisions would have no impact on gasoline supplies for as much as a decade. Obama can’t dictate what you’ll pay for premium tomorrow.

Milligan Hay - Iowa d:^)
Veteran Advisor

Pump And Circumstance


@schnurrbart wrote:

Even if domestic supplies were developed, American presidents couldn’t really control oil prices. The U.S. government has estimated that there are 18 billion barrels of oil in the outer continental shelf of the lower 48 states that are off limits to development. That may sound like a lot, but it is only about 21 / 2 years of supply for the United States, and it would take several years to allocate leases and drill exploratory wells. Even if the estimated 10 billion barrels of oil in the Arctic National Wildlife Refuge were available for development, today’s policy decisions would have no impact on gasoline supplies for as much as a decade. Obama can’t dictate what you’ll pay for premium tomorrow.


President Obama wants to cut oil imports by a third after telling Brazil he wants to be their best customer. Cellulosic ethanol won't cut it, and neither will talking out of both sides of your teleprompter.

In a Georgetown University address that echoed President Jimmy Carter's "moral equivalent of war" speech in 1977, the president on Wednesday outlined his plan to reduce oil imports by one-third over the next decade.

Carter, too, set the goal of reducing oil imports by a third through conservation, increased fuel efficiency, more use of ethanol and other alternative energy sources, and the wearing of more sweaters.

There was nothing new in Obama's version. It didn't work then. It won't work now.

It's hard to square the president's words with a seven-year offshore drilling ban in effect off both coasts and Alaska's continental shelf and in much of the Gulf of Mexico, with a de facto moratorium covering the rest.

Is this the same President Obama who told the Brazilians: "We want to help you with the technology and support to develop these oil reserves safely, and when you're ready to start selling, we want to be one of your best customers"?

In his Georgetown speech, Obama said oil companies ignored the vast areas his administration has placed off-limits to oil and natural gas development, complaining that oil companies haven't exploited the oil leases they've already been granted.

But leases are only an option to explore, not a map of where recoverable oil is. It's not the government's job to say look here for oil, but not there.

Alaska Gov. Sean Parnell recently criticized the Obama administration for not issuing an air quality permit to a subsidiary of Royal Dutch Shell to drill exploratory wells on two leases in the Beaufort Sea off Alaska's north coast.

"The other Arctic nations are moving ahead without us," he pointed out. "Only the United States, which is sitting on the largest untapped, technically recoverable resources and has the greatest environmental oversight, is sitting this one out."

His predecessor, Sarah Palin, recently noted on her Facebook page that it's been five years since Royal Dutch Shell purchased leases to tap reserves in Alaska's Chukchi and Beaufort seas, but they've "been mired in a regulatory funk courtesy of the Obama administration."

In a speech Tuesday in New York City, Obama took aim at Palin and others who support drilling here and drilling now. "The other side kept talking about 'drill, baby, drill' — that was the slogan," he said. "What we were talking about was breaking the pattern of being shocked by high prices" and then lulled into inaction.

We haven't been lulled into anything, Mr. President. We've been stopped dead by your war on fossil fuels while you advocate, as you did Wednesday, building commercial-scale refineries for cellulosic ethanol made from switch grass and wood chips, and tilting at wind turbines.

Higher fuel-efficiency standards have not reduced our dependence on foreign oil, and pushing electric cars begs the question of how the electricity will be generated. Ethanol, which the president is also pushing, wastes tax dollars and the energy to make it while it increases agricultural runoff and food prices.

Green energies such as wind, solar and biomass presently constitute only 3.6% of fuel used to produce electricity in the U.S. after decades of huge subsidies, which government calls "investments." In Spain, each "green" job created came at the expense of 2.2 jobs lost elsewhere in the economy.

Jesse Ausubel, senior research associate at Rockefeller University, calculates that to provide electricity just to New York City, you'd have to cover the entire state of Connecticut with wind turbines.

As we wrote back in November 2009, when all our energy resources are added up and converted to a barrels-of-oil equivalent, the U.S. has the largest energy reserves in the world.

This year's update from the Congressional Research Service says the same thing. It shows our energy resources eclipse Saudi Arabia (third), China (fourth) and Canada (sixth) combined — and that's without including America's shale oil deposits.

Yes, Mr. President, "drill, baby, drill" is the answer. And we don't have to wait 10 years for energy independence. We can gain it as early as November 2012.

 

http://www.investors.com/NewsAndAnalysis/ArticlePrint.aspx?id=567596&p=1

 

Milligan Hay - Iowa d:^)
Veteran Advisor

Re: obamo doubles gas prices


@schnurrbart wrote:

Is gas over $8/gal now?  I must have been asleep because the last I saw it was only about $3.59 here.  It got to over $4/gal when bush was running things and if Obama has doubled the price, it must be over $8 now.  I am TRYING VERY hard to be nice.


Actually, the price of gasoline was all over the place during Bush's years.  The lowest was 84 cents in the months right after the terrorist attack on America, to way over 4 dollars per gallon after the hurricane hit the Gulf.   But then, the price fell down quickly once again and the price of gasoline was at $1.65 the day that Bush left office.... lower than the day that he started.

 

Gasoline is more than double now, since Der Führer assumed the Chancellory.  Many experts say that with the federal energy policy that is being pushed currently,.... fuel will be over FIVE Dollars per gallon by this fall.

 

gough whitlam
Senior Contributor

Re: obamo doubles gas prices

Fear not.  We are paying $6.00 per gallon for diesel as I speak.  What the hell are you squeeling about.  Craig - that guy who you get all your latest info is saying all the wright things.  If we could get him/her and Rameriz to have children you would have the complete propaganda machine, like ----------------------------------------De Fehrer.

idalivered
Advisor

Re: obamo doubles gas prices

You're right craig, the pricce was well over $4 during the Bush admin. I find it interesting the US gasoline consumption has fallen every year since 2007. I would also say that the oil price increase is more a function of spec money leaving the stock market and trying to find a profitable home in the oil and commodity market. I didn't research but remember that recently US oil stock are historically quite high.  Enough with the "der fuhrer" thing.