Government can't do anything about gas prices? Then how did Bush lower it in 2008?

[Toro]

This thread is a testament to mankind's gullibility and willingness to believe anything as long as it confirms with one's own beliefs.

 

[bripat9643]

Commodities markets are regulated.

What does that have to do with anything?

Why should someone hold a chair on the market or trade on the floor if they do not intend to actually receive the goods? The markets can go on trading freely among
CONSUMERS not profiteers. It's a simple, easily enforced and reasonable solution.

if 'A' wants to sell 1000 barrels of oil to 'B' and doesn't require 'B' to take delivery of it, what business of yours is it? What right to you have to interfere in a totally voluntary transaction that both parties believe to be in their best interest? Do you think you should also be allowed to prevent the guy down the street from selling his house?

 

[bripat9643]

It's generally agreed that the Iraq war put a 'war premium' into the price of oil.

In other words, no one agrees.

 

[percysunshine]

The price of oil has not changed. The dollar is falling. Same as 2008.

 

[bripat9643]

Seriously. I find it hard to believe this person can operate a computer and find the internet with logic like that.

Surely one can recognize a "natural" amount of oil seepage and a dangerous amount? Holy hell. Let's just fuck up the planet and ask for a reset?

Do you even know what the natural amount of seepage is? How much is "dangerous?"

I find it hard to believe this person can operate a computer and find the internet with smug ignorance like that.

 

[bripat9643]

This thread is a testament to mankind's gullibility and willingness to believe anything as long as it confirms with one's own beliefs.

It's a testament to the special talent liberals have for forgetting what they said 2 years ago on a given topic when someone else was president.

 

[bripat9643]

Rightwingers now demanding the government control gas prices?

whoa.

No. We're demanding that the government quit interfering in the production of oil. Obama is the one trying to control the price of gas. He's trying to drive it into the stratosphere.

 

[boedicca]

Rightwingers now demanding the government control gas prices?

whoa.

No. We're demanding that the government quit interfering in the production of oil. Obama is the one trying to control the price of gas. He's trying to drive it into the stratosphere.

It's one of the few campaign promises he actually kept.

 

[Toro]

Rightwingers now demanding the government control gas prices?

whoa.

No. We're demanding that the government quit interfering in the production of oil. Obama is the one trying to control the price of gas. He's trying to drive it into the stratosphere.

lol

Yeah, 'cause everyone knows that the best way to get reelected is to drive up the price of gas and piss everyone off.

 

[Uncensored2008]

Try it this way............

Taxpayer wants garbage picked up

A job worthy of $10 ti $15 an hour - BUT corruption reigns, so 6 figures it is with 20 years in and the retirement gravy train.

Taxpayer wants their kids babysat in school all day

Read my sig.

Taxpayer wants to pay reasonable and customary rates for things, not 500 to 5,000 times more.

If the government ran McDonalds, a Bigmac would cost $900 to make. What with the medical plan, daycare center, education credits, starting pay or $37.41 an hour with 17% COLA each year. Retirement after 20 (Hey, who can still work at 36?) with full medical and 90+% salary for life.

Some days I wonder if we really did win the cold war....

 

[KissMy]

This thread is a testament to mankind's gullibility and willingness to believe anything as long as it confirms with one's own beliefs.

How do you explain these facts Toro?

In the previous months leading up to Bush lifting the OCS ban these events transpired & prices continued to soar.

- Candidate Obama & many Democrats threatened to tax oil & oil companies.
- Congress & Bush opened the Strategic Petroleum Reserve for Oil (SPRO).
- Congress signaled it's intent to let the OCS Ban expire.
- Congress threatened & held investigations into high oil prices.

Like I said all of these events I listed above transpired & prices continued to soar.

So explain how when all the oil numbers & report only come out on Wednesdays. That means when oil stocks, draw downs, supply & demand were tallied up & the Cushing Oklahoma oil storage was lower than expectations on Wednesday July 9th 2008 so the oil speculators drove prices up over the next 2 days culminating in a new all-time high $147.27 trade on Friday July 11th 2008. These traders were willing to head into the weekend holding the most expensive oil ever purchased because they knew that Monday July 14th 2008 was going to bring even higher oil prices & that following Wednesdays lower oil inventories were going to drive prices even higher.

Except when that Monday July 14th 2008 came around President Bush had a big surprise waiting for these crude oil speculators. Bush lifted the Executive Order banning drilling in the OCS & at that moment crude oil fell & kept falling. Oil prices slid $112 & remained at those mid $30 lows until Obama took office. Note that Obama said during his campaign he preferred higher oil prices. All in all President Obama's plan closed more areas of America’s OCS than it opened, and the areas it opened are only open after study periods and subject to Congressional approval.

DECEMBER 12, 2008 WSJ: Times Tough for Energy Overhaul

President-elect Barack Obama plans soon to introduce his energy and environment team, which will include Nobel Prize-winning physicist Steven Chu as energy secretary and former Environmental Protection Agency Administrator Carol Browner as White House energy adviser. The team's makeup shows that Mr. Obama plans to put a heavy emphasis on combating climate change and promoting technologies to wean the U.S. off imported oil...

In a sign of one major internal difference, Mr. Chu has called for gradually ramping up gasoline taxes over 15 years to coax consumers into buying more-efficient cars and living in neighborhoods closer to work.

Bill Clinton: Drilling delays 'ridiculous'

Former President Bill Clinton said Friday that delays in offshore oil and gas drilling permits are “ridiculous” at a time when the economy is still rebuilding... Bill Clinton reportedly criticized delays in oil drilling permits since last year's spill in the Gulf.

Everything else is just smoke & mirrors. The economy & oil demand did not collapse before Bush opened the OCS. The Lehman collapse was on September 15th 2008, Bush opened the OCS & oil dropped more than 2 months earlier on July 14th 2008. These big banks were heavily invested in crude oil. They own more crude oil than the oil companies do. The sharp drop in oil price hit the banks hard & likely triggered their collapse.

 

[Uncensored2008]

We pay public employees to pick up garbage?

Not in my city, it's completely private. The city licenses and regulates, but areas (several blocks) can change to different providers with a petition.

 

[Uncensored2008]

Ummmm... The price of all commodities fell in 2008, dingus. That's what happens in a worldwide economic crisis.

Wow, really?

Soybeans and corn are commodities, aren't they? So they must have fallen 700% like oil did, right?


No? 50%?

10%?

 

[CRStar]

So much for the oil czar that this left wing puppet Obomination elected for the job. What about our oil reserves.....Oh wait, they never thought of that or is the Federal Govt trying to recoup the trillions Obumba has racked up by hitting the motorist. Then they blame the Arabs and that is easy to remedy, no oil no food. Once the stomach is empty, the oil will flow faster than water from a tap. Drill Anwar, Drill the West Coast....Drill baby drill....2012 can't come quick enough to oust this moron from the Oval office.

 

[uscitizen]

Wasn't it also President Bush's fault that the price of gas increased?

How so?

INvasion of Iraq did bump up oil prices.

But I think this was mainly sarcasm that if Obama caused high gs prices but somehoe Bush did not and only cuased the prices to drop by helping to foster a horrible recession?

 

[Uncensored2008]

That's the problem. They don't know what they want Obama to do.

.

Resign!

Absent that, release the strategic reserves.

 

[uscitizen]

So much for the oil czar that this left wing puppet Obomination elected for the job. What about our oil reserves.....Oh wait, they never thought of that or is the Federal Govt trying to recoup the trillions Obumba has racked up by hitting the motorist. Then they blame the Arabs and that is easy to remedy, no oil no food. Once the stomach is empty, the oil will flow faster than water from a tap. Drill Anwar, Drill the West Coast....Drill baby drill....2012 can't come quick enough to oust this moron from the Oval office.

Did Bush drill baby drill while his party controlled both houses and the WH?
He did drop the presidentila ban on offshore drilling, well some of it anyway about 8 months before he lfrt offics and only after dems controlled congress.
Merely a political ploy.
esp since congress had to drop their offshore drilling ban too.
Did Palin drill Anwar? Or really push for it while she was governor of Alaska?]
What % of our consumption will our proven reserves provide?
Will it really drop oil prices or just be sold on the world market at the going rates?

 

[Uncensored2008]

lol

Yeah, 'cause everyone knows that the best way to get reelected is to drive up the price of gas and piss everyone off.

Maybe he's given up on being reelected?

Only a fucking retard would vote for him at this point.

 

[CRStar]

UScitizen, here is link. Go read.

Sarah Palin Would Open Anwar To Drilling

 

[Mr Liberty]

It's not lack of supply that's driving up prices. It's uncertainty about Middle East governments and rampant speculation.

There are groups and individuals bidding up the price of crude with no intention of receiving a delivery of crude. They just want to profit on the price.

If I were president, I would ask congress to make a legal provision that if you speculate on the price of a commodity, you must have the facilities to receive delivery of that commodity.

So, you want them to hang on to dollars that lose value every day? Inflation is not coming, it is here. Hyperinflation is just over the horizon. Buying commodities is just common sense. Gold, silver, corn and oil are all up. Guess what is down? Look in your wallet.