$6.00 a gallon for gas in Florida

[KissMy]

It is a world market. Demand is up worldwide. The reason prices are rising is due to speculation.

Less US demand means that US refiners can (and they have) started exporting gasoline in large numbers.

Oil prices fell from $147 to $35 on the day Bush opened up the OCS for drilling.

Offshore Areas Open for Drilling when President Obama Took Office

Offshore Areas Blocked for Drilling under President Obama’s Draft 2012-2017 Plan

we can not drill out way into energy dependence. until you accept this fact there is not debating you.

President Bush had a big surprise waiting for crude oil speculators on Monday July 14th 2008. Bush lifted the Executive Order banning drilling in the OCS & on that day crude oil fell & kept falling. Oil prices slid $112 from $147 to $35 & remained at those mid $30 lows until Obama took office.

 

[RDD_1210]

It is a world market. Demand is up worldwide. The reason prices are rising is due to speculation.

Less US demand means that US refiners can (and they have) started exporting gasoline in large numbers.

Oil prices fell from $147 to $35 on the day Bush opened up the OCS for drilling.

Offshore Areas Open for Drilling when President Obama Took Office

Offshore Areas Blocked for Drilling under President Obama’s Draft 2012-2017 Plan

Gee......how "odd"!!! ​

"Proposed oil drilling off Florida's western coast threatens this once protected area. In 2006, the western coast of Florida was protected by a bipartisan agreement that prohibited offshore oil and gas drilling until the year 2022."

BU$HCO; Blaming Obama, ONE MORE TIME​

Stupid Fuckin' Teabaggers​

Your posts put me in to a seizure.

 

[Syphon]

Prices aren't high for lack of supply; drilling offshore would do nothing to lower the price at the pump.

When Bush lifted the ban on offshore drilling why did the price of oil drop? Hell drilling had not even started yet and the price of oil drop with a stroke of the presidential pen.

this is all speculation. the article clearly stated the following:

"If we were to drill today, realistically speaking, we should not expect a barrel of oil coming out of this new resource for three years, maybe even five years, so let's not kid ourselves," said Fadel Gheit, oil and gas analyst with Oppenheimer & Co. Equity Capital Markets Division.

this is the reason the price of oil fell. speculator thought there would be more oil instantly, not because actual supplies increased. if you were to end oil speculation, oil would actually drop dramatically.

 

[bigrebnc1775]

Prices aren't high for lack of supply; drilling offshore would do nothing to lower the price at the pump.

When Bush lifted the ban on offshore drilling why did the price of oil drop? Hell drilling had not even started yet and the price of oil drop with a stroke of the presidential pen.

this is all speculation. the article clearly stated the following:

"If we were to drill today, realistically speaking, we should not expect a barrel of oil coming out of this new resource for three years, maybe even five years, so let's not kid ourselves," said Fadel Gheit, oil and gas analyst with Oppenheimer & Co. Equity Capital Markets Division.

this is the reason the price of oil fell. speculator thought there would be more oil instantly, not because actual supplies increased. if you were to end oil speculation, oil would actually drop dramatically.

ONE MORE FUCKING TIME
When bush lifted the ban on offshore drilling the price of oil dropped. No oil had to be drilled nor did congress have to take action just with a stroke of the presidential pen the price of oil dropped 6.00

Now obama resend's to executive order and reinstates the ban and oil prices are back up.

 

[JamesInFlorida]

If you look, that $5.89 is in Orlando. Other gas stations in Orlando are selling gas for $2 less.
The AVERAGE for the state is around $3.60

Hell, even in Hawaii, with the highest priced gasoline in the union, gas is only $4.20 a gallon.

GasBuddy.com - Find Low Gas Prices in the USA and Canada

The OP is a lie.
It's not Obama screwing people over, it's the private sector, the guys CONZ want to turn over your social security to.

This. He nit-picked a few gas station in tourist areas (which are ALWAYS going to be higher for any product-not just gas, anywhere in the country!). If he lived here he would understand that gas isn't that much and that article is taken WAY out of context for political reasons.

 

[JamesInFlorida]

When Bush lifted the ban on offshore drilling why did the price of oil drop? Hell drilling had not even started yet and the price of oil drop with a stroke of the presidential pen.

this is all speculation. the article clearly stated the following:

"If we were to drill today, realistically speaking, we should not expect a barrel of oil coming out of this new resource for three years, maybe even five years, so let's not kid ourselves," said Fadel Gheit, oil and gas analyst with Oppenheimer & Co. Equity Capital Markets Division.

this is the reason the price of oil fell. speculator thought there would be more oil instantly, not because actual supplies increased. if you were to end oil speculation, oil would actually drop dramatically.

ONE MORE FUCKING TIME
When bush lifted the ban on offshore drilling the price of oil dropped. No oil had to be drilled nor did congress have to take action just with a stroke of the presidential pen the price of oil dropped 6.00

Now obama resend's to executive order and reinstates the ban and oil prices are back up.

Off-shoring drilling should be a state issue. It's not listed anywhere in the Constitution. The people of Florida should have the right to ban it off of our shores if we see fit. I don't think that big government should come in and allow corporations to drill for oil at the risk of our economy (which is largely based on tourism), just to lower the prices of gas a little. It's not worth it for us-and most Floridians agree that way.

 

[KissMy]

Prices aren't high for lack of supply; drilling offshore would do nothing to lower the price at the pump.

When Bush lifted the ban on offshore drilling why did the price of oil drop? Hell drilling had not even started yet and the price of oil drop with a stroke of the presidential pen.

this is all speculation. the article clearly stated the following:

"If we were to drill today, realistically speaking, we should not expect a barrel of oil coming out of this new resource for three years, maybe even five years, so let's not kid ourselves," said Fadel Gheit, oil and gas analyst with Oppenheimer & Co. Equity Capital Markets Division.

this is the reason the price of oil fell. speculator thought there would be more oil instantly, not because actual supplies increased. if you were to end oil speculation, oil would actually drop dramatically.

It took less than a year for oil production to begin after the OCS ban was lifted. That was barely enough time for the speculators to sell off all the oil they were hording in "floating storage" before the new supply came on line. Selling all that oil caused the price to drop $112 from $147 to $35 .

 

[Syphon]

when Obama opened the artic shelf as well as lifted the ban in gulf, why didnt oil prices drop again? your theory is flawed. that is all i am pointing out..

 

[skookerasbil]

LMAO......top story on DRUDGE right now. $6.00 gas............


Cross one swing state off Obama's list even if Boob McNut is running!!!

 

[Annie]

If gas prices keep rising the way they are now, even Santorum can beat Obama.

 

[KissMy]

when Obama opened the artic shelf as well as lifted the ban in gulf, why didnt oil prices drop again? your theory is flawed. that is all i am pointing out..

Fact not theory.

Also just because the media reported that Obama opened the OCS does not mean it happened. He actually reduced drilling on the OCS.

 

[Syphon]

When Bush lifted the ban on offshore drilling why did the price of oil drop? Hell drilling had not even started yet and the price of oil drop with a stroke of the presidential pen.

this is all speculation. the article clearly stated the following:

"If we were to drill today, realistically speaking, we should not expect a barrel of oil coming out of this new resource for three years, maybe even five years, so let's not kid ourselves," said Fadel Gheit, oil and gas analyst with Oppenheimer & Co. Equity Capital Markets Division.

this is the reason the price of oil fell. speculator thought there would be more oil instantly, not because actual supplies increased. if you were to end oil speculation, oil would actually drop dramatically.

It took less than a year for oil production to begin after the OCS ban was lifted. That was barely enough time for the speculators to sell off all the oil they were hording in "floating storage" before the new supply came on line. Selling all that oil caused the price to drop $112 from $147 to $35 .

can you provide any proof that oil dropped $112 during the Bush administration?

 

[Syphon]

when Obama opened the artic shelf as well as lifted the ban in gulf, why didnt oil prices drop again? your theory is flawed. that is all i am pointing out..

Fact not theory.

Also just because the media reported that Obama opened the OCS does not mean it happened. He actually reduced drilling on the OCS.

your theory is that opening up drilling drop the price of oil. when in fact it is an unsound theory. since Obama opened up the artic shelf and the gulf, the price of oil has not decreased. thus your theory is flawed.

 

[Peach]

if you understand supply and demand you understand that gas is directly tied to the price of oil. oil is also a commodity which is sold on the open markets and available for speculation. the GOP touts the free market system as the best system in the world. well this is a result of the free market system. if demand outpaces supply, prices increase. which is what is currently happening.

now you may say that its because Obama is limiting drilling on the north american shelf. this again is not true at all. Domestic drilling and oil production is at its highest level in history. the problem is that oil once again is a commodity and its price is set on the open market.

if the president were to unilaterally fix gas prices, then you could actually call him a socialist or a communist. since this is actually a part of the socialist / communist ideology. when the government control, fixes, or alters an industry unilaterally, it is in essence the definition of socialism / communism. if this is what the GOP/TP/Conservative want, its extremely hypocritical.

Yes, production is UP, prices are not following production. Gas gouging whenever they can, the mindless attacks on Obama only divert attention from corporate shills.

 

[BlindBoo]

When Bush lifted the ban on offshore drilling why did the price of oil drop? Hell drilling had not even started yet and the price of oil drop with a stroke of the presidential pen.

this is all speculation. the article clearly stated the following:

"If we were to drill today, realistically speaking, we should not expect a barrel of oil coming out of this new resource for three years, maybe even five years, so let's not kid ourselves," said Fadel Gheit, oil and gas analyst with Oppenheimer & Co. Equity Capital Markets Division.

this is the reason the price of oil fell. speculator thought there would be more oil instantly, not because actual supplies increased. if you were to end oil speculation, oil would actually drop dramatically.

It took less than a year for oil production to begin after the OCS ban was lifted. That was barely enough time for the speculators to sell off all the oil they were hording in "floating storage" before the new supply came on line. Selling all that oil caused the price to drop $112 from $147 to $35 .

Except Congress never changed the law. There is no new drilling, or exportation or production on the Atlantic or Pacfic OCS. It took 6 months or so for the prices to drop to 30 something. The collaspe of the largest economy might have had something to do with it too.

I stand corrected. Congress did remove the ban in late 2008.

 

[skookerasbil]

I have to laugh at all the goofballs who fail to recognize that this is not a HISTORY forum. Its a POLITICS forum............which means BIG PICTURE assholes!!!

Nobody gives a rats ass about oil prices under Bush or anybody else for that matter except from the perspective that when there are gas/oil issues, the guy in charge takes it up the rear end.


You can spin THIS >>>>>

........any way you want. Politically, ts still a shit sandwich for the guy in charge.

 

[Pheonixops]

Florida Drivers Shelling Out Nearly $6 A Gallon At Some Gas Stations « CBS Tampa

TAMPA (CBS Tampa) — Talk about pain at the pump! Some Florida drivers are spending nearly $6 a gallon to fill up their gas tanks.

According to GasBuddy.com, motorists are shelling out $5.89 for a gallon of regular gas at a Shell station in Lake Buena Vista, topping out at $5.99 a gallon for premium. It doesn’t get better at a Suncoast Energy station in Orlando, where drivers are paying $5.79 for a gallon of regular.

What GOOD NEWS for democrats. If this doesn't put a lock on obama's keeping his job, everyone is just racist. Democrats will tell you how high prices are good for the ecoonomy.

Wow, $6? That's extraordinarily high. But hey, it's 'Hope & Change' right?

That's the "fwee markwet"! Don't blame Obama.

 

[Pheonixops]

Florida Drivers Shelling Out Nearly $6 A Gallon At Some Gas Stations « CBS Tampa

TAMPA (CBS Tampa) — Talk about pain at the pump! Some Florida drivers are spending nearly $6 a gallon to fill up their gas tanks.

According to GasBuddy.com, motorists are shelling out $5.89 for a gallon of regular gas at a Shell station in Lake Buena Vista, topping out at $5.99 a gallon for premium. It doesn’t get better at a Suncoast Energy station in Orlando, where drivers are paying $5.79 for a gallon of regular.

What GOOD NEWS for democrats. If this doesn't put a lock on obama's keeping his job, everyone is just racist. Democrats will tell you how high prices are good for the ecoonomy.

10$ a gallon in Europe, so you have nothing to complain about.

But the problem in the US is the failed foreign policy, Cuba has large reserves of oil just outside Florida that are cheap and available. But US are not willing to buy from Cuba. The embargo on Iran does also create a price increase.

For cheaper gasoline, remove those trade regulations with Cuba, Venezuela,Iran etc. Let free market and free trade solve it and cheap gasoline will be available.

Trade with Cuba, Iran, venezuela etc. Free trade and free market,no embargos

Excellent points.

 

[Pheonixops]

if you understand supply and demand you understand that gas is directly tied to the price of oil. oil is also a commodity which is sold on the open markets and available for speculation. the GOP touts the free market system as the best system in the world. well this is a result of the free market system. if demand outpaces supply, prices increase. which is what is currently happening.

now you may say that its because Obama is limiting drilling on the north american shelf. this again is not true at all. Domestic drilling and oil production is at its highest level in history. the problem is that oil once again is a commodity and its price is set on the open market.

if the president were to unilaterally fix gas prices, then you could actually call him a socialist or a communist. since this is actually a part of the socialist / communist ideology. when the government control, fixes, or alters an industry unilaterally, it is in essence the definition of socialism / communism. if this is what the GOP/TP/Conservative want, its extremely hypocritical.

Right on the money!

 

[francoHFW]

The US produces more oil than anytime in the last 12 years, the other 37 alternative energy projects beside Solyndra are getting that underway, and Obama is building the first new nuclear plant in 30 years- we're also using less foreign oil than we have in years. And oil rigs are SAFER than anytime under Big OIL

The prices now are due to the Iran crisis and speculators using THAT to jack up prices. This too shall pass, and without a WAR.

It's called having an intelligent PLAN and diplomacy...