Obomination: Gasoline To Hit Labor Day Record Price...

Discussion in 'Politics' started by paulitician, Aug 29, 2012.

  1. paulitician
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    paulitician Platinum Member Supporting Member

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    Hurricane Isaac and a deadly blast at Venezuela’s Amuay refinery pushed gasoline to an almost four- month high and threatened to revive a debate about energy costs in the run-up to the presidential election in November.

    Futures jumped yesterday in New York as Isaac forced closures of Gulf Coast refineries and reduced rates at others. That market is also reeling from an Aug. 25 explosion in Venezuela that killed at least 48 people and closed the country’s largest fuel-making plant. Futures are up 23 percent since their 2012 settlement low of $2.5501 a gallon on June 21.

    Prices at the pump will be the highest ever for the U.S. Labor Day holiday, AAA said yesterday. The surge reignites an issue that has pitted President Barack Obama, who has called for the elimination of billions of dollars of subsidies enjoyed by the oil and gas industry, against the presumptive Republican nominee Mitt Romney. It also spurs speculation that Obama will release supplies from the Strategic Petroleum Reserve to ease prices for consumers.

    “Given this administration’s belligerent rhetoric against the oil industry, it’s going to be very easy for Romney to pin the blame on Obama,” said Stephen Schork, president of Schork Group Inc., a consulting firm in Villanova, Pennsylvania. “The White House will be on the defensive. It makes an SPR release likely sooner rather than later"...

    Read More:
    Gasoline Rising to Holiday High as Storm Surge Presses Obama - Bloomberg
     
  2. beretta304
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    beretta304 BANNED

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    When the prices go up, Presidents say they have no control which is true, they don't. But when they go down, they take all the credit.



    Guess what Obama would do if he was still around when they drop...which he won't be.
     
  3. paulitician
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    paulitician Platinum Member Supporting Member

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    If a Republican were in there right now, the usual suspects would be screeching for Impeachment. These high Food & Gas Prices really are hurting average Americans.
     
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  4. paulitician
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    paulitician Platinum Member Supporting Member

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    'Hope & Change' is a monumental fail. Period, end of story.
     
  5. naturegirl
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    naturegirl Silver Member

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    Not a peep from the MSM on rising gas prices or who's fault it may be.
     
  6. beretta304
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    beretta304 BANNED

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    And this will continue to happen until we drill.
     
  7. uscitizen
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    uscitizen Senior Member

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    Funny hearing "hope and Change" from a Paulite.
    Pretty darned funny.
     
  8. Full-Auto
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    I am driving two thousand miles this weekend and you can bet, I will remember this come election day.........
     
  9. paulitician
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    paulitician Platinum Member Supporting Member

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    They have to stick to their Race-Baiting/Class Warfare theme. They won't deviate from the script. Record high Labor Day Gas Prices would be an Impeachable offense to CNN & NBC, if a Republican were President. The MSM just can't be trusted.
     
  10. paulitician
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    paulitician Platinum Member Supporting Member

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    So will many many other Americans.
     

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