GOP News Flash: The real reason for soaring gas prices

[francoHFW]

Of course Chu never said that, dittohead, or Obama the skyrocket quote. Totally duped AGAIN...

 

[percysunshine]

Of course Dhu never said that, dittohead, or Obama the skyrocket quote. Totally duped AGAIN...

Gas prices: Steven Chu walks back Europe gas prices quote - Alex Guillen - POLITICO.com

 

[LordBrownTrout]

Of course Dhu never said that, dittohead, or Obama the skyrocket quote. Totally duped AGAIN...

Maybe Dhu didn't but Chu definitely said it.

 

[Stephanie]

What is this about the 15th thread done on this?



waaaaaaaaaaaaaa, you meanie people are blaming Obama for high gas prices..

USATODAY.com - Democrats blame Bush for high gas prices
http://www.usmessageboard.com/politics/www.usatoday.com/.../2006-04-22-dems-​gas-prices_x.htm

Democrats Blamed Bush For High Gas Prices But Not obama ...

Democrats Blame Bush and GOP for High Gas/Oil Prices

that's just a few of them...

 

[Rozman]

Of course Dhu never said that, dittohead, or Obama the skyrocket quote. Totally duped AGAIN...

Gas prices: Steven Chu walks back Europe gas prices quote - Alex Guillen - POLITICO.com

Then candidate Obama said he had no problem with
gas prices soaring.He only had issue with the fact it
was happening so fast.
He wants higher prices at the pump so Americans
will support his push for greener energy.

This is a fact.

 

[Stephanie]

Of course Dhu never said that, dittohead, or Obama the skyrocket quote. Totally duped AGAIN...

Gas prices: Steven Chu walks back Europe gas prices quote - Alex Guillen - POLITICO.com

Then candidate Obama said he had no problem with
gas prices soaring.He only had issue with the fact it
was happening so fast.
He wants higher prices at the pump so Americans
will support his push for greener energy.

This is a fact.

that's a fact. and he doesn't care onE shit about you peons suffering..because he know all and his green energy vision is the only thing he cares about..And notice all the green energy TAXPAYERS monies have went to conies who supported him..

 

[Polk]

The national average for a gallon of gas when Obama was sworn in around $1.85 a gallon Today close to $ 4.00 dollars a gallon in a few places it is $ 4.00 dollars a gallon. This happened with the Democrats controlling the presidency and both houses of congress two thirds of which they still control.These are facts here is another one having low gas prices really gets in the way when one is trying to push a green energy agenda.

Gas was pushing $4 a gallon in summer '08 before the bottom fell out. You really think the $1.85 in early '09 was the natural state?

 

[Foxfyre]

There has been a lot of blame for oil prices on President Obama lately.
The GOP needs to emphasize this point in order to sway voters.

But when we look at the facts, there are simply too many speculators profiting from soaring gas prices. In short, the massive oil corporations and Hedge Fund managers are the real culprits. Here is a document leaked from 2008:

Energy holdings-wti-crude-oil

There is a deliberate effort to inflate the already outrageous prices of refined crude. Rick Ungar of Forbes magazine (not a flaming liberal rag, mind you) explains that refineries have been systematically shutting down in order to reduce national supply and jack up prices. Moreover, we see oil producers looking to sell domestic oil in foreign markets in order to boost demand. Not that there is anything illegal about that, but it certainly isn't helping out the American consumers by artificially increasing demand and reducing supply when we need the stuff to get to work and to get the economy back on track.

The Truth About Obama, Oil And The Gasoline Blame Game-Part Two - Forbes

Congressman Peter Welch (D-VT) tells how apprx 50 cents on each gallon of gasoline purchased goes to speculators rather than to refinement and production costs. That's about $15 going to Banking industry like Goldman Sachs every time you fill your tank!

After rumors send oil prices falling, Welch renews call on President to tap nation's oil reserves

Nevertheless, the GOP is still calling for less govt regulation in banking and oil industries. In spite of the evidence to the contrary, some of us continue to blame Obama for the lack of and real conviction to control rising prices.

If anything, this sets the stage for MORE govt regulation, not less. Unless, of course, everyone is happy with gas prices where they are currently.

Yep, this is free market Capitalism at its best. And you can sure as hell expect more of this if the GOP (aka "Frontmen for the Oil Industry") ever take back the White House.

I didn't need to read any further than this in the Forbes article you linked to know you that intentionally or unintentionally, you are presenting a questionable thesis here:

But to suggest that the refinery closures, over these many years, are the result of government regulations—EPA or otherwise—is ridiculous.They closed because the higher prices of oil combined with the lowered demand for oil worked to make these refineries unprofitable for their owners.

I didn't think Ungar would be one to suggest oil companies are closing refineries to 'jack up prices' which you posted. And he didn't.

If you read other articles he has written, it is true that EPA regulations are not forcing existing refineries to close (though those same EPA regulations ARE jacking up the price of gasoline), but EPA regulations among other factors are making it highly unattractive for oil companies to attempt to build new refineries in an environment of socioeconomic uncertainties such as are created by the threat of Cap & Trade, continued unrest in the Middle East, etc. etc. etc.

There are so many factors going into the price of a gallon of gasoline at the pump, that no single one can be blamed for it all. It is very true that Obama is not to blame for the high price of oil and/or high prices at the pump. But it is also true that the Obama administration has done little or nothing to allieviate the situation and has made it worse by its policy in our own Gulf of Mexico and other coastal waters, nixing the pipeline, and doing nothing to alleviate fears re regulations still overing overhead. A few cents here, a few cents there, eventually adds up to a dollar and a savings of $10.00 to $20.00 or more at the pump. And that factors into everything we buy that is manufactured using petroleum products or transported by machines using petroleum products. Obama gets most of his campaign contributions from Wall Street so he is unlikely to rock the boat in the futures market which could easily be done in the interest of the general welfare to rein in speculators that are hurting us all.

You have to approach it from a macroeconomics perspective, not a single issue perspective.

Ten years ago, the call to open up ANWR and the Bakkan fields, etc. were met with objections that we wouldn't see any difference in supply or at the pump for at least ten years. Well, it is now ten years later. If we had done it then, we would be better off now. But we're still hearing the same arguments. It will take too long to accomplish improvements when we need the relief now, so we won't do the improvements.

 

[demrite]

The oil companys think they can defeat Obama by raising prices just like they Dropped prices before the 2008 elections.

 

[Foxfyre]

The oil companys think they can defeat Obama by raising prices just like they Dropped prices before the 2008 elections.

Doesn't it embarrass you at all to make absurd statements like that? Why shoudl the oil companies want to defeat Obama? They are making billions on his policies without having to lift much of a finger. They don't like it really, but why would they fight it?

If the government ever did get it right so that the oil companies had to go back to work to make a profit and expand, we would see a dramatic improvement in a relatively short time.

 

[code1211]

The national average for a gallon of gas when Obama was sworn in around $1.85 a gallon Today close to $ 4.00 dollars a gallon in a few places it is $ 4.00 dollars a gallon. This happened with the Democrats controlling the presidency and both houses of congress two thirds of which they still control.These are facts here is another one having low gas prices really gets in the way when one is trying to push a green energy agenda.

You want the government to put price controls on gas and oil?

I'd much rather they put a little control on the EPA.

 

[code1211]

Of course Chu never said that, dittohead, or Obama the skyrocket quote. Totally duped AGAIN...

Do you ever get sick of being right? I'm guessing, no.

GASOLINE PRICES - Green Blog - NYTimes.com

In a 2008 interview with The Wall Street Journal before he was appointed President Obama’s energy secretary, Dr. Chu, then the director of the Lawrence Berkeley National Laboratory, said, “Somehow we have to figure out how to boost the price of gasoline to the levels of Europe.”

 

[Big Fitz]

That's not what Obama said in 2008

Barack Obama 2008 Ad About High Gas Prices - YouTube

Barack Obama 2008 ad on Gas Prices - YouTube

That's Obama, right?

How bout dem 5 million jobs in the energy industry?

Solyndra's doing a bang up job with hiring all those hundreds of thousands of pe.... hmm? what? Bankrupt you say? Laid off most of it's staff while giving it's execs millions in bonuses? Made huge contributions to liberal groups for political action?

Huh.

 

[Foxfyre]

That's not what Obama said in 2008

Barack Obama 2008 Ad About High Gas Prices - YouTube

Barack Obama 2008 ad on Gas Prices - YouTube

That's Obama, right?

How bout dem 5 million jobs in the energy industry?

Solyndra's doing a bang up job with hiring all those hundreds of thousands of pe.... hmm? what? Bankrupt you say? Laid off most of it's staff while giving it's execs millions in bonuses? Made huge contributions to liberal groups for political action?

Huh.

[ame=http://www.youtube.com/watch?v=V3FnpaWQJO0]Gilda Radner Nevermind - YouTube[/ame]

Good find., But the fact is, high gas prices are not Obama's fault. It IS his fault that he hasn't done anything practical to move us toward more energy independence and in fact has thrown up some roadblocks toward that goal.

Nevertheless, to put things into their proper perspective, it is time to again post this Jon Stewart piece that has already become a classic. It is positively brilliant. Can't find it on Youtube, but this take you right to the source:

An Energy-Independent Future - The Daily Show with Jon Stewart - 06/16/10 - Video Clip | Comedy Central

 

[Stephanie]

Obama ATTACKED the oil companies AGAIN TODAY in his silly little speech...

so fer sure he gives a shit about you all paying high gas prices...suckers go vote for the idiot AGAIN

 

[NYcarbineer]

PAY ATTENTION (and you might learn something):

This is why you pay what you pay for gasoline:

U.S. exported more gasoline than imported last year

For the first time since 1949, the United States exported more gasoline, heating oil and diesel fuel last year than it imported, the Energy Department reported today.

Bloomberg writes that to offset weak U.S. demand, refiners exported 439,000 barrels a day more than were imported the year before. In 2010, daily imports averaged 269,000 barrels, according to the Petroleum Supply Monthly report.

Imports of crude oil and related products fell 11% last year, reaching a level not seen since 1995.

News of record gasoline exports comes as the pump price rose today for the 22nd straight day ($3.78 a gallon average) and the Energy Department reported separately that gasoline inventories fell last week while crude oil inventories and imports rose.

You are paying what you pay for gasoline because you are competing for it with the rest of the world.

U.S. refiners simply sell to whoever will pay them the best price, all things considered. If you won't pay 4 bucks a gallon for it, they'll sell it to someone who will.

btw, keep that in mind when you're foolishly thinking that the Keystone pipeline bringing oil to US refiners is going to magically lower gasoline prices...

...they'll sell THAT to the highest bidder too.

U.S. exported more gasoline than imported last year

Don't get it? Read it again, and again, until you do.

It's obama's fault, he hates oil, he said so, he hates coal, he said so, he hates fossil fuels, he said so.. it's obama's fault.

Like I said, read it again. Read it until you understand it.

The refineries are producing so much gas they can export it at good profit and still meet US demand.

Americans are willing to pay the price on the pump, so why would a gas station lower it?

Especially, why would a seller of gas lower the price to Americans when foreign buyers will pay better?

THINK. USE YOUR HEAD.

 

[NYcarbineer]

“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,” Mr. Chu, Secretary of Energy.

Chu doesn't control prices anyway.

Our refiners are EXPORTING gasoline. Do you understand the implications? Do you have the sense and integrity to try?

 

[NYcarbineer]

The national average for a gallon of gas when Obama was sworn in around $1.85 a gallon Today close to $ 4.00 dollars a gallon in a few places it is $ 4.00 dollars a gallon. This happened with the Democrats controlling the presidency and both houses of congress two thirds of which they still control.These are facts here is another one having low gas prices really gets in the way when one is trying to push a green energy agenda.

You want the government to put price controls on gas and oil?

I'd much rather they put a little control on the EPA.

Why?

There is so much gasoline being produced in the US that refineries are exporting it, and Americans are WILLING to pay 4 bucks a gallon.

How do YOU fix that?

 

[NYcarbineer]

Chu wants 10 bucks a gallon gas.....even though he says he's changed that stance from 4 years ago.

The administration isn't doing anything to push up gas prices. U.S. gasoline is being EXPORTED, there's so much of it.

Why can't you understand that?

 

[NYcarbineer]

Obama ATTACKED the oil companies AGAIN TODAY in his silly little speech...

so fer sure he gives a shit about you all paying high gas prices...suckers go vote for the idiot AGAIN

What can he do to lower gas prices, short of government price controls?

There's already more gasoline being produced in the US than we need. Why isn't that lowering prices?