Obomination: Gas Prices Soar Faster Than News Can Report It...

[paulitician]

$135 to fill up my truck....100% increase in grocery prices. 40% increase in health insurance premiums. Business license fees doubled. Why do the majority of the national news media want this idiot to win re election???? Maybe they get paid too much to do what they do.

It's a Liberal/Democrat Media thing. The MSM is dominated by them. They'll do or say anything to get the Democrat elected. It doesn't matter whether it's good for the country or not. It's only about getting the Democrat elected. 'Party before Country.' It really is that simple.

 

[The T]

Here's another reason you can give blame to Mr. print more money obama for higher gas prices


Weak dollar causes elevated gas prices

Gas prices are climbing and most Americans are feeling the pain at the pump, but in reality oil should not cost this much money. Recently, oil has been violating the law of supply and demand. Gas prices are high because of derivative trading and the value of a weak dollar. The Federal Reserve has worked to devalue the dollar because a weak dollar pushes the price of United States exports down, so it can sell goods to foreign markets at cheaper prices.

Weak dollar causes elevated gas prices - CollegiateTimes.com

Value of the U.S. dollar – Oil is traded on the world market is U.S. dollars. When the value of the dollar declines in comparison to other major currencies, OPEC earns less per barrel of oil. To compensate, it may raise the price per barrel, thereby increasing the price of gasoline.

Fluctuations in Gas Prices | Learn How Gasoline Prices are Set with information from Nationwide | Nationwide.com


A devotee of cap and trade, Obama has said our fuel under his leadership “must necessarily skyrocket.”

Barack Obama Admits: Energy Prices Will Skyrocket Under Cap And Trade - YouTube

SO YES A PRESIDENT CAN BE BLAMED FOR HIGH GAS PRICES, AND obama SHOULD BE BLAMED.

Where did ed go?

Edith is before the high council pleading for more talking points that makes her look smart...

 

[bigrebnc1775]

Here's another reason you can give blame to Mr. print more money obama for higher gas prices


Weak dollar causes elevated gas prices

Gas prices are climbing and most Americans are feeling the pain at the pump, but in reality oil should not cost this much money. Recently, oil has been violating the law of supply and demand. Gas prices are high because of derivative trading and the value of a weak dollar. The Federal Reserve has worked to devalue the dollar because a weak dollar pushes the price of United States exports down, so it can sell goods to foreign markets at cheaper prices.

Weak dollar causes elevated gas prices - CollegiateTimes.com

Value of the U.S. dollar – Oil is traded on the world market is U.S. dollars. When the value of the dollar declines in comparison to other major currencies, OPEC earns less per barrel of oil. To compensate, it may raise the price per barrel, thereby increasing the price of gasoline.

Fluctuations in Gas Prices | Learn How Gasoline Prices are Set with information from Nationwide | Nationwide.com


A devotee of cap and trade, Obama has said our fuel under his leadership “must necessarily skyrocket.”

Barack Obama Admits: Energy Prices Will Skyrocket Under Cap And Trade - YouTube

SO YES A PRESIDENT CAN BE BLAMED FOR HIGH GAS PRICES, AND obama SHOULD BE BLAMED.

Where did ed go?

Edith is before the high council pleading for more talking points that makes her look smart...

Facts to a liberal is a lot like light is to cockroaches. They run when you use both.

 

[CaughtInTheMid]

i can't keep up. are we saying the president controls gas prices today? how about when they dip this summer? maybe somebody can do a spreadsheet so i can keep up.

oh, and many of you want to nationalize the oil industry in this country and you don't even know that's what you want.

 

[The T]

Where did ed go?

Edith is before the high council pleading for more talking points that makes her look smart...

Facts to a liberal is a lot like light is to cockroaches. They run when you use both.

And light being truth. I'm hip.

 

[bigrebnc1775]

i can't keep up. are we saying the president controls gas prices today? how about when they dip this summer? maybe somebody can do a spreadsheet so i can keep up.

oh, and many of you want to nationalize the oil industry in this country and you don't even know that's what you want.

Keep up when the president policy devalues the dollar and the dollar is what oil transaction are completed with yes the cost of gas is on him.

 

[The T]

i can't keep up. are we saying the president controls gas prices today? how about when they dip this summer? maybe somebody can do a spreadsheet so i can keep up.

oh, and many of you want to nationalize the oil industry in this country and you don't even know that's what you want.

Keep up when the president policy devalues the dollar and the dollar is what oil transaction are completed with yes the cost of gas is on him.

And inflation is the rule of the day..as more is printed to cover it...

 

[Vast LWC]

Obama would not know the difference between Return on Investment and Profit Margin.
He believes raising taxes will help balance the budget.
Damn son, how stupid can one be? Requiring producers to pay more in taxes all the while the moocher class gets a free pass?
Accordingly, he is not fit to be the head of a shoe shine stand much less President.

OK... What are you basing the theory that raising taxes, in the upper brackets, will not help close the budget deficit upon?

The Laffer curve?

Because, if you are, I've got news for you:

The point on the Laffer curve at which lower tax rates would gain higher revenue has long passed. It's called a curve for a reason. It's not a "slope". It's a curve.

Meaning there is a point at which lowering taxes starts reducing revenue, thus increasing the deficit, and we have passed that point.

So, by your own supply side economic theory, increasing taxes, at this point, would in fact reduce the deficit, if spending remains constant.

So, again, what method are you using, exactly?

 

[bigrebnc1775]

i can't keep up. are we saying the president controls gas prices today? how about when they dip this summer? maybe somebody can do a spreadsheet so i can keep up.

oh, and many of you want to nationalize the oil industry in this country and you don't even know that's what you want.

Keep up when the president policy devalues the dollar and the dollar is what oil transaction are completed with yes the cost of gas is on him.

And inflation is the rule of the day..as more is printed to cover it...

exactly

 

[SFC Ollie]

Obama would not know the difference between Return on Investment and Profit Margin.
He believes raising taxes will help balance the budget.
Damn son, how stupid can one be? Requiring producers to pay more in taxes all the while the moocher class gets a free pass?
Accordingly, he is not fit to be the head of a shoe shine stand much less President.

OK... What are you basing the theory that raising taxes, in the upper brackets, will not help close the budget deficit upon?

The Laffer curve?

Because, if you are, I've got news for you:

The point on the Laffer curve at which lower tax rates would gain higher revenue has long passed. It's called a curve for a reason. It's not a "slope". It's a curve.

Meaning there is a point at which lowering taxes starts reducing revenue, thus increasing the deficit, and we have passed that point.

So, by your own supply side economic theory, increasing taxes, at this point, would in fact reduce the deficit, if spending remains constant.

So, again, what method are you using, exactly?

You may be right, but do you trust the current administration to keep spending constant?

 

[Vast LWC]

First we hear how stupid Obama is and I tend to agree. Then we hear he has control over the price of oil. American politicians have little if any control over the price of energy.

Bullshit. There are many significant things he can do to lower gas prices.

1- Quit fucking around with Iran

Please feel free to explain how exactly YOU would deal with Iran that would reduce oil prices?

Because as far as I can see, Republicans are all gung ho about going to war with Iran to protect Israel.

And that sure as fuck won't bring the price of oil down.

2- cease and desist the crazy foreign policy which threatens oil producers

Whatever the hell that means.

3- allow the Keystone XL pipeline to be built;

Which would not affect the price of oil in the United States at all.

 

[Vast LWC]

You may be right, but do you trust the current administration to keep spending constant?

Now THAT is a good point.

And one that historically I cannot argue with.

Though, to be fair, the same can be said of just about all administrations of the past 40 years.

 

[Mr. H.]

I can understand the concern over high gasoline prices as they affect our personal finances and lifestyles, but this fixation over the phenomenon as some sort of permanent and ruinous economic armageddon is rediculous.

Many countries around the globe have had to deal with inordinately high gasoline prices for decades because of high government taxes.

Now that we in the U.S. are experiencing near record prices for gasoline, keep in mind that they are still nowhere near that of our foreign counterparts. Higher crude prices are the culprit, and that reflects market conditions- not intervention by any private or public (federal) entity.

Expensive gasoline doesn't signal a "problem" yet everyone demands an instant and dramatic "solution". Common sense would dictate that the same market forces that drove crude oil from $140 in July 2008 to $40 in January 2009 may in all likelihood occur once again.

Yet- in an effort to mollify voters, our President and many Congressional Democrats have found the perfect scapegoat and they are putting in motion the pieces that will not bring down gasoline prices (as he would have you believe) but will usher in his second term.

Will Obama and the Democrats increase federal gasoline taxes ten-fold in order to reign in consumption, reduce demand, and generate revenues as done by other countries?
No.

Will He stop printing money and halt the dollar's devaluation thereby reducing world prices for crude oil?
No.

He'll go after the middleman by taxing the very people who risk billions of dollars annually by looking for, drilling for, producing, transporting, refining, and marketing..... crude oil.

Do the aforementioned foreign countries with exhorbitant gasoline taxes do this?
No. They see the value of industrial output and realize that taxing production on the front end will only reduce... production.

We use about 140 billion gallons of gasoline in this country each year.
2010 Gasoline Consumption | American Fuels

If Obama increased motor fuels taxes by 30 cents per gallon, he would immediately reap (on an annual basis) the $40 billion in revenues that he otherwise proposes to tax on the petroleum industry.

Shirley it would be a big blow to consumers initially, but as crude oil and subsequent gasoline prices decline (and they will)- the effects will be mitigated.

Obama is an even bigger fucktard than Carter ever was. And the public is licking the bullshit from his pink palms.

 

[Mr. H.]

Damn I'm good.

 

[bigrebnc1775]

I can understand the concern over high gasoline prices as they affect our personal finances and lifestyles, but this fixation over the phenomenon as some sort of permanent and ruinous economic armageddon is rediculous.

Many countries around the globe have had to deal with inordinately high gasoline prices for decades because of high government taxes.

Now that we in the U.S. are experiencing near record prices for gasoline, keep in mind that they are still nowhere near that of our foreign counterparts. Higher crude prices are the culprit, and that reflects market conditions- not intervention by any private or public (federal) entity.

Expensive gasoline doesn't signal a "problem" yet everyone demands an instant and dramatic "solution". Common sense would dictate that the same market forces that drove crude oil from $140 in July 2008 to $40 in January 2009 may in all likelihood occur once again.

Yet- in an effort to mollify voters, our President and many Congressional Democrats have found the perfect scapegoat and they are putting in motion the pieces that will not bring down gasoline prices (as he would have you believe) but will usher in his second term.

Will Obama and the Democrats increase federal gasoline taxes ten-fold in order to reign in consumption, reduce demand, and generate revenues as done by other countries?
No.

Will He stop printing money and halt the dollar's devaluation thereby reducing world prices for crude oil?
No.

He'll go after the middleman by taxing the very people who risk billions of dollars annually by looking for, drilling for, producing, transporting, refining, and marketing..... crude oil.

Do the aforementioned foreign countries with exhorbitant gasoline taxes do this?
No. They see the value of industrial output and realize that taxing production on the front end will only reduce... production.

We use about 140 billion gallons of gasoline in this country each year.
2010 Gasoline Consumption | American Fuels

If Obama increased motor fuels taxes by 30 cents per gallon, he would immediately reap (on an annual basis) the $40 billion in revenues that he otherwise proposes to tax on the petroleum industry.

Shirley it would be a big blow to consumers initially, but as crude oil and subsequent gasoline prices decline (and they will)- the effects will be mitigated.

Obama is an even bigger fucktard than Carter ever was. And the public is licking the bullshit from his pink palms.

Taxes and dollar devaluation are the two main factors in high gas prices.