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

paulitician

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Oct 7, 2011
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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
 
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.
 
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.

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.
 
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

I am driving two thousand miles this weekend and you can bet, I will remember this come election day.........
 
Not a peep from the MSM on rising gas prices or who's fault it may be.

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.
 
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

I am driving two thousand miles this weekend and you can bet, I will remember this come election day.........

So will many many other Americans.
 
Don't worry, we're safe. I was assured by libtards on this very board that we would never see gas near $4.00/gallon during an election year. Chillax.
 
Don't worry, we're safe. I was assured by libtards on this very board that we would never see gas near $4.00/gallon during an election year. Chillax.

Yeah, it's already $4.00 a gallon in some areas. That along with skyrocketing Food Prices, really is squeezing average Americans.
 
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

Yep--He sure said NO to that Keystone Pipeline didn't he--that may have drove some of the speculation out of the market to keep prices stable. Over $4.00 a gallon in many areas across this nation.

Bok2011-11-16.gif
 
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

Yep--He sure said NO to that Keystone Pipeline didn't he--that may have drove some of the speculation out of the market to keep prices stable. Over $4.00 a gallon in many areas across this nation.

Bok2011-11-16.gif

Yup.
 
If Mittens is elected he can do nothing about the price of gas, which is controlled by other entities, buut not the president, it called the econmics of supply and demand, just what repubs really hate when they have to pay more for captalistic markets.
 
And when the refineries open back up and they repair the damage in Venezuela what then?

REFILE-US oil industry recovers from Isaac as storm weakens | Reuters

HOUSTON, Aug 30 (Reuters) - Oil and gas companies assessed their U.S. Gulf region installations on Thursday for damages in the wake of Hurricane Isaac, which has weakened to a tropical storm and moved inland.

The oil and gas industry in the Gulf region has so far reported no major storm-related damage to infrastructure, and companies, including Royal Dutch Shell, said they could restart shut-in offshore production as early as Friday.

Isaac moved north on Thursday, after hitting Louisiana at hurricane strength earlier this week. The storm had triggered widespread, precautionary production cuts from the Gulf region's offshore platforms and onshore refineries this week.

U.S. oil futures fell 1.2 percent to $94.28 a barrel as of 10:47 a.m. EDT
 
If Mittens is elected he can do nothing about the price of gas, which is controlled by other entities, buut not the president, it called the econmics of supply and demand, just what repubs really hate when they have to pay more for captalistic markets.

Whatever, silly Obamabot. Enjoy your record high Labor Day Gas Prices you big dummy.
 
So you're now reduced to blaming President Obama for the hurricane.

And still people wonder why conservatism is dead...

No, we're blaming him for record high Labor Day Gas Prices. And he deserves the blame. It's happening on his watch. And if he had an 'R' by his name, you certainly wouldn't be defending him. And that's because you're a dishonest hypocrite. It is what it is.
 
If Mittens is elected he can do nothing about the price of gas, which is controlled by other entities, buut not the president, it called the econmics of supply and demand, just what repubs really hate when they have to pay more for captalistic markets.

Whatever, silly Obamabot. Enjoy your record high Labor Day Gas Prices you big dummy.

I take it easy and don't worry about the little things.
 

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