Obama don’t control price of gasoline.

[theHawk]

I heard this is the GOP'ers talking-point/secret weapon for winning the WH

There is nothing secret about it. The Hussein's energy and foreign policy disasters have led us to this point.

 

[itfitzme]

“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” -- Obama's Energy policy

Times Tough for Energy Overhaul - WSJ.com
Times Tough for Energy Overhaul - WSJ.com

Dec 12, 2008 – "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe," Mr. Chu, who directs the Lawrence Berkeley ...

But Mr. Obama has dismissed the idea of boosting the federal gasoline tax...

 

[Oldstyle]

The original poster seems to be confused. If there is no shortage of oil...now or in the future...then why is it again that we need to develop alternative energy sources at great cost to the taxpayers right now? Gosh, Lil...Huff Post and Think Progress can get SO complicated some times...can't it? Hard for a progressive with limited intelligence to keep up.

 

[editec]

The amount of petroleum that is now under the domain of the FUTURES market has increased from 20% to 80% in the last few decades.

This is naturally causing enormous spikes and declines in market pricing.

Less than one out of five people either buying or selling petroeum futrues is either an authentic buyer or seller.

Hence the market now spikes and declines mostly on RUMOR rather than actual fact.

This is still another example of FREE MARKET FAILURE.

 

[Unkotare]

The amount of petroleum that is now under the domain of the FUTURES market has increased from 20% to 80% in the last few decades.

This is naturally causing enormous spikes and declines in market pricing.

Less than one out of five people either buying or selling petroeum futrues is either an authentic buyer or seller.

Hence the market now spikes and declines mostly on RUMOR rather than actual fact.

This is still another example of FREE MARKET FAILURE.

Better have a central planning committee take care of it, right comrade?

 

[itfitzme]

It's supply and demand.

Here is an interesting breakdown of costs

Estimated 2012 Gasoline Price Breakdown & Margins Details

What is the typical markup on products at stores? 100%? Of course, station owners only get pennies per. It's a volume thing. And refineries have had tight control over the stations since Standard Oil got smart about it "back in the day".

What is the total volume sold? Huge, I can't even imagine how much.

 

[EdwardBaiamonte]

The amount of petroleum that is now under the domain of the FUTURES market has increased from 20% to 80% in the last few decades.

This is naturally causing enormous spikes and declines in market pricing.

Less than one out of five people either buying or selling petroeum futrues is either an authentic buyer or seller.

Hence the market now spikes and declines mostly on RUMOR rather than actual fact.

This is still another example of FREE MARKET FAILURE.

why failure since increases and decreases balance out? Gee the liberal never thought of that? If you are against the free market are you a communist? Nazi monarchist fascist? What? Do you want BO fixing prices?

 

[Rozman]

OBAMA DON’T CONTROL PRICE OF GASOLINE.
Consumption and productions does.

When gasoline was $1.89 a gallon people were consuming more and causing more production. When people consume less gasoline the price will go up causing less production. At times it is profitable to produce more and other time profitable to product less. All about profit. Consumption cause any thing to cost less and or more and more productions or less.
We export more oil than we import and there is no shortage of oil here or in the Middle East now or in the future.

FoxNews and Radical Right Wing Extremist’s rhetoric scare the hell out of stupid people.

Contact-a-liar | Fox News Lies

Sorry.In a bad economy President's do get blamed for this stuff...

 

[bugs]

OBAMA DON’T CONTROL PRICE OF GASOLINE.
Consumption and productions does.

When gasoline was $1.89 a gallon people were consuming more and causing more production. When people consume less gasoline the price will go up causing less production. At times it is profitable to produce more and other time profitable to product less. All about profit. Consumption cause any thing to cost less and or more and more productions or less.
We export more oil than we import and there is no shortage of oil here or in the Middle East now or in the future.

FoxNews and Radical Right Wing Extremist’s rhetoric scare the hell out of stupid people.

Contact-a-liar | Fox News Lies

Sorry.In a bad economy President's do get blamed for this stuff...

it's an Election year.. Obumba sucks. gas is going higher..

 

[KissMy]

Gas Price was $1.83 when Obama took office. Then the asshole decides to use his administration to slow the growing production rate in order to drive up oil prices to pay back his cronie Wallstreet Banker buddies who bought him the presidency by contributing heavily to his campaign. Yes - Wallstreet Bankers own way fucking more oil & infrastructure than the oil companies do.

February 10, 2009 - Secretary Salazar announces he will delay the Bush Administration 5-year plan for oil and natural gas development on the U.S. Outer Continental Shelf for six months. He begins a “listening tour” in spite of the fact that the Bush Administration had already solicited public opinion on this plan.

September 17, 2009 - Secretary Salazar states that the Administration may not complete a new OCS lease plan until 2012.

September 21, 2009 - The Administration’s extended public comment period on the draft proposed 2010-2015 Outer Continental Shelf plan comes to an end – yet the Administration still makes no announcement regarding the future of offshore drilling.

January 26, 2010 - The Department of the Interior announces it will delay the Virginia offshore lease sale scheduled for November 2011.

January 27, 2010 - President Obama mentions offshore drilling in his State of the Union address – leading many to believe he is open to expanding drilling in the OCS.

February 1, 2010 - President Obama releases his FY 2011 budget proposal that shows revenue from new Outer Continental Shelf (OCS) leasing declining from $1.5 billion in 2009 to only $413 million in 2015. The only way revenue would decline is if less of the OCS is offered for leasing for energy production.

February 4, 2010 - The Wall Street Journal reports that public comments collected by the Department of the Interior ran 2-to-1 in favor of the new 2010-2015 lease plan.

March 3, 2010 - Secretary Salazar confirms that the Administration will not put a new OCS lease plan in place until 2012, which means no new drilling will take place during President Obama’s term in office.

July, 2010 - The date new areas would be available for leasing under the original 2010-2015 lease plan if it were not for the “Obama Moratorium,” which has delayed implementation of a new lease plan until 2012.

December 1, 2010 - Effectively reinstated the ban on offshore drilling, placing the entire Pacific Coast, the entire Atlantic Coast, the Eastern Gulf and parts of Alaska off limits to future energy production until 2017 at the earliest.

November 8, 2011 - Announces a new draft 2012-2017 lease plan that closes the majority of the OCS to new energy production. The draft plan prohibits new offshore drilling and only allows lease sales to occur in areas that are already open. It includes lease sales in the Western Gulf of Mexico and Alaska – leaving portions of the Arctic and the entire Atlantic and Pacific Coasts off-limits to new energy production and job creation.

January 1, 2012 - Our US Government raised our gas taxes nation wide!!!!! Some States also raised gas taxes on their citizens!!!!! Wow, Just WOW! - It is amazing how they just got away with raising taxes on the poor again!!!

 

[KissMy]

Obamas Top Contributors that Bought his Presidency.
University of California $1,648,685
Goldman Sachs $1,013,091
Harvard University $878,164
Microsoft Corp $852,167
Google Inc $814,540
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
Sidley Austin LLP $600,298
Stanford University $595,716
WilmerHale LLP $550,668
Columbia University $547,852
Skadden, Arps et al $543,539
UBS AG $532,674
IBM Corp $532,372
General Electric $529,855
US Government $513,308
Morgan Stanley $512,232
Latham & Watkins $503,295

 

[KissMy]