Obama Says Essentially For Us To Forget About $2 Gas

[Old Rocks]

Well, Full of It, show where government manipulation is raising the price of gasoline. After all, the energy corperations are exporting gasoline by the tanker load. If the prices here were higher than the prices elsewhere in the world, why would they be doing that?

 

[Luddly Neddite]

A few weeks ago Obama said he has no control over the price of gas.

Now he's gonna try to convince us he's doing everything in his power to control it.....but it is a hopeless cause........just deal with it.

Yes or no.

Domestic production at the present time is greater then when George W. Bush was President?

It's a binary questions. A simple yes or no..will do.

Yes.

As well as President Obama signing more than 400 new drill sights, bringing the total to more than other president has done.

Meanwhile, the pubs are doing what they always do - Lie and obstruct.

If pubs had their way, all of the American jobs that President Obama has created to increase our production would be stopped and go instead to off shore business.

 

[mudwhistle]

Yes or no.

Domestic production at the present time is greater then when George W. Bush was President?

It's a binary questions. A simple yes or no..will do.

Is increasing domestic production the only way to control the price?

No.

If Domestic production is up, how much is it up? And because the oil we produce isn't all sold here but on the world market that isn't going to help. You have to make it worthwhile for oil companies to sell more of their product here......but then that would be tax-cuts for the rich wouldn't it??

I see. So, Mud, you are advocating government control of the Petroleum industry? Now isn't that a wonderful 'Conservative' position.

If that's what you think I'm doing then as usual you've got your head up your ass.

 

[Syphon]

Umm Umm But But...........

its called the FREE MARKET! what do you want him to do? fix prices? cause thats socialist

Your ignorance is showing.

Explain how government manipulation demonstrates a free market>

explain how the government is manipulating prices. this isnt china.

 

[Dragon]

Peak oil + rising global demand = rising oil prices = rising gasoline prices. The only thing that will bring down the price of gasoline is to reverse one of the first two factors. The first one (peak oil) is irreversible. The second one is not, but requires either that the global economy tank again (which brought oil prices down a few years ago), or that we switch to renewable energy and stop using oil for fuel.

Once we do that, the price of oil will drop dramatically. Then there will be cheap gasoline -- but our cars will be running on something else.

You've got the propaganda down, i'll give you that......

A willingness to call objective truth "propaganda" and a preference for make-believe and wishful thinking is one reason why the Republicans seem to be in so much trouble in this year's election.

 

[mudwhistle]

You have to make it worthwhile for oil companies to sell more of their product here

You familiar with the idea of supply and demand. You have gas lines in your neighborhood? No, me neither. Buy all the gas I want. If oil companies want to sell more of their product, lower the damn price.

That's retarded.

They at times can't keep up with the demand now.

Everyone except a few are thinking in 2 dimensions rather than 3D. The simplest explanation isn't usually the true explanation.

Our prices are effected by the value of the dollar and exchange rates, taxes, domestic and foreign demand, cost of oil, cost of production, fees, tariffs, etc. Most of which the federal and state governments control.

 

[FuelRod]

The US can and has influenced OPEC in the past to up its production (outputs).
The US has the ability to ease market concerns regarding Iran.

 

[thereisnospoon]

Explain why we're paying more now at $105 per barrel than when it was close to $150.

Umm Umm But But...........

its called the FREE MARKET! what do you want him to do? fix prices? cause thats socialist

Shall I post the Maxine Watters quote when she threatened to "socialize I mean nationalize your industry"...Or should I save you the embarassment from your post while you retract your statement?
Your side has been calling for government intervention in the markets( price fixing) for years now.
So please, don't post about things of which you posess little knowledge.

 

[thereisnospoon]

Yes or no.

Domestic production at the present time is greater then when George W. Bush was President?

It's a binary questions. A simple yes or no..will do.

Is increasing domestic production the only way to control the price?

No.

If Domestic production is up, how much is it up? And because the oil we produce isn't all sold here but on the world market that isn't going to help. You have to make it worthwhile for oil companies to sell more of their product here......but then that would be tax-cuts for the rich wouldn't it??

I see. So, Mud, you are advocating government control of the Petroleum industry? Now isn't that a wonderful 'Conservative' position.

Typical lib response. "So you are saying...".
No, mudwhistle DID NOT state that.
Fact is, controls and rules could be placed on the commodities markets to curtail unfettered speculation. The simple solution could be requireing the buyer of a contract actually take posession of the product before it can be sold. Of course very few trading offices have storage capacity for barrels of oil and/or gasoline.
The other would be to adjust margins so that if a trader is on the wronmg side of the market the penalty would be tremendous.
The federal government should wratchet back regulations on refining so that oil and gas refining could be done at a profit. Right now, due to government regs it is so costly to refine oil here, few companies are willing to make the investment in refining.


We do not have a oil production issue per se. We could benefit greatly by harvesting our own natural resources and thus cut off OPEC. The main problem is we have a refining bottle neck.

 

[thereisnospoon]

Explain why we're paying more now at $105 per barrel than when it was close to $150

Because they can. The oil companies learned after last go around that there was nothing the government, consumers or anyone else can do to stop them from pricing however they want.

Beside that, here in Ohio, I have paid much more than the 3.49 I paid yesterday.

Maybe you can explain this; how does the gasoline sitting in a stations underground tanks, refined and ready to be turned into burnt hydrocarbons, why does the price need to flucuate(sp) on a daily basis?

Because they can. The only industry that can price their existing retail product based on future speculation.

Is that a great system or what?

Think if the bread producers could do that. You gotta eat. Lets say the wheat growers decide that a bushel of wheat MIGHT be harder to come by in two years and because of that, they need to drive the price (through the commodities futures markets) of wheat already grown and ready to crazy heights because of what may happen in the future.
And then bread starts costing 10 dollars a loaf.

How would that work for us? Would you support that kind of action?

Newsflash....The product belongs ot the retailer. They can price is at a level that allows them to make money on what they sell.
Now, gas price changes. I will explain this to you once. If you don't get it, oh well.
The retailer has gas in his posession. For clarity's sake we will say he paid $0.95 per gallon.
His distributor calls him at his store and informs the retailer that on his next shipment of gas, the price he will pay will be $0.98 per gallon.
Now, put yourself in his shoes. Would you ( remember you OWN the gas in your tanks) sell the gas you have at the sasme price and then pay for the new gas at the higher price out of your pocket? Or would you raise the price on what you OWN?....Of course any smart businessman is going to find ways to reduce cost. If you want to stay in business, you will raise the price on the gas you already have.
I don't like it because the prices in a volatile market such as we ave now can change two or three times per day. And the prices seem to rise much more rapidly than they fall.
Briefly, the reason for that is often the retailers will not raise their prices with every increase in their costs. After all, gas is not sold to make a lot of money.
Anyway, of course the retailer which resisted raising prices rapidly is going to slowly drop prices ot make up for the lost profit on the way up.
Plus, gasoline retailers watch each other closely. That is one reason why in a given area where stations are clustered prices almost always match from store to store.

 

[mudwhistle]

Is increasing domestic production the only way to control the price?

No.

If Domestic production is up, how much is it up? And because the oil we produce isn't all sold here but on the world market that isn't going to help. You have to make it worthwhile for oil companies to sell more of their product here......but then that would be tax-cuts for the rich wouldn't it??

I see. So, Mud, you are advocating government control of the Petroleum industry? Now isn't that a wonderful 'Conservative' position.

Typical lib response. "So you are saying...".
No, mudwhistle DID NOT state that.
Fact is, controls and rules could be placed on the commodities markets to curtail unfettered speculation. The simple solution could be requireing the buyer of a contract actually take posession of the product before it can be sold. Of course very few trading offices have storage capacity for barrels of oil and/or gasoline.
The other would be to adjust margins so that if a trader is on the wronmg side of the market the penalty would be tremendous.
The federal government should wratchet back regulations on refining so that oil and gas refining could be done at a profit. Right now, due to government regs it is so costly to refine oil here, few companies are willing to make the investment in refining.


We do not have a oil production issue per se. We could benefit greatly by harvesting our own natural resources and thus cut off OPEC. The main problem is we have a refining bottle neck.

And all Obama has to say in a nut-shell is "Shit happens". "Get used to it".

And the libs here go........."Okay".......

Like Forrest Gump.

 

[FuelRod]

I see. So, Mud, you are advocating government control of the Petroleum industry? Now isn't that a wonderful 'Conservative' position.

Typical lib response. "So you are saying...".
No, mudwhistle DID NOT state that.
Fact is, controls and rules could be placed on the commodities markets to curtail unfettered speculation. The simple solution could be requireing the buyer of a contract actually take posession of the product before it can be sold. Of course very few trading offices have storage capacity for barrels of oil and/or gasoline.
The other would be to adjust margins so that if a trader is on the wronmg side of the market the penalty would be tremendous.
The federal government should wratchet back regulations on refining so that oil and gas refining could be done at a profit. Right now, due to government regs it is so costly to refine oil here, few companies are willing to make the investment in refining.


We do not have a oil production issue per se. We could benefit greatly by harvesting our own natural resources and thus cut off OPEC. The main problem is we have a refining bottle neck.

And all Obama has to say in a nit-shell is "Shit happens". "Get used to it".

And the libs here go........."Okay".......

Like Forrest Gump.

Actually Forrest said Shit Happens. Obama is saying "Okay"

[ame=http://www.youtube.com/watch?v=wA1_aw2wAYI]Forrest Gump I Ran Video - YouTube[/ame]

 

[LordBrownTrout]

A few weeks ago Obama said he has no control over the price of gas.

Now he's gonna try to convince us he's doing everything in his power to control it.....but it is a hopeless cause........just deal with it.

Yes or no.

Domestic production at the present time is greater then when George W. Bush was President?

It's a binary questions. A simple yes or no..will do.

Domestic production is up on private lands and down on federal lands.

 

[thereisnospoon]

A few weeks ago Obama said he has no control over the price of gas.

Now he's gonna try to convince us he's doing everything in his power to control it.....but it is a hopeless cause........just deal with it.

Yes or no.

Domestic production at the present time is greater then when George W. Bush was President?

It's a binary questions. A simple yes or no..will do.

Domestic production is up on private lands and down on federal lands.

The reason is Clinton locked up millions of acres of once privately owned land be declaring the land federal property.
The fact is We the People own several millions of acres of land that We the People cannot touch....For ANY reason. Especially private enterprise harvesting of natual resources.

 

[mudwhistle]

Yes or no.

Domestic production at the present time is greater then when George W. Bush was President?

It's a binary questions. A simple yes or no..will do.

Domestic production is up on private lands and down on federal lands.

The reason is Clinton locked up millions of acres of once privately owned land be declaring the land federal property.
The fact is We the People own several millions of acres of land that We the People cannot touch....For ANY reason. Especially private enterprise harvesting of natual resources.

Hey.....Shit Happens.

 

[J.E.D]

He's right. Speculators, OPEC and the political environment in places like Iran, determine gas prices. I've also heard that we have cheaper gas than Europe does because we give subsidies to big oil. US production isn't the determining factor either. US production has increased significantly under the Obama administration.

Nice try.
Whenever someone on here ( mostly libs) state they "heard", they then drive right off the credibility cliff.
You "heard"...

Yeah, I heard it on a radio program. You don't agree? Then prove me wrong. Or just keep applauding your own ignorance.

 

[LogikAndReazon]

Conservation and regression is the only way to energy independence.......

We have to wait until dependable, renewable, effecient and cost effective algae, barley and other alternatives are available............

its our duty to mother gaia

 

[elvis]

A few weeks ago Obama said he has no control over the price of gas.

Now he's gonna try to convince us he's doing everything in his power to control it.....but it is a hopeless cause........just deal with it.

Yes or no.

Domestic production at the present time is greater then when George W. Bush was President?

It's a binary questions. A simple yes or no..will do.

Bush isnt running again.

 

[mudwhistle]

Conservation and regression is the only way to energy independence.......

We have to wait until dependable, renewable, effecient and cost effective algae, barley and other alternatives are available............

its our duty to mother gaia

Natural gas is an alternative.

Hydrogen fuel cells is another one further down the road.

But algae is a stretch. And using barley will only raise food costs.

 

[PoliticalChic]

A few weeks ago Obama said he has no control over the price of gas.

Now he's gonna try to convince us he's doing everything in his power to control it.....but it is a hopeless cause........just deal with it.

Yes or no.

Domestic production at the present time is greater then when George W. Bush was President?

It's a binary questions. A simple yes or no..will do.

"The U.S. has around 20 billion barrels in proven reserves, but the amount of undiscovered so called "technically recoverable" oil is over seven times that.
Those are the government's own figures!
And we can get that oil using today's technology. In fact, the U.S. has nearly 1.5 trillion barrels of oil.
That's enough to fuel the present needs in the U.S. for around 250 years, according to the Institute for Energy Research."
Obama's 2% Lie - GerriWillis.com Blog - Fox Business


There'll be plenty of oil as soon as we shed the guy whose expertise extends as far as the following:

"As Sen. Hillary Clinton was preparing to campaign here today, Sen. Barack Obama was meeting with voters at a diner and apparently pretty hungry “Why can’t I just eat my waffle?” he said, when asked a foreign policy question by a reporter at the Glider Diner."
The obligatory “Obama just wants to finish his waffle” post « Hot Air