Video: Why gas prices are so high (hint: it’s not the evil oil companies)

Discussion in 'Politics' started by Stephanie, Feb 24, 2012.

  1. Stephanie
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    Stephanie Diamond Member Supporting Member

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    lot of links in article at site.

    SNIP:
    posted at 12:45 pm on February 24, 2012 by Tina Korbe
    To listen to the president talk, you’d think federal government policy had nothing to do with the high gas prices we face at the pump. Oh, no; Middle Eastern instability or the greed of big oil companies are to blame.
    Unfortunately for the president, that doesn’t square with his energy record, which has — at every turn — created obstacles to American energy production and, in effect, driven gas prices higher. House Speaker John Boehner has released a timeline that captures Obama’s deleterious impact on the oil and gas industry — and, consequently, on gas prices.
    The timeline extends to the beginning of Obama’s term in office, but, as a sample, take a look at just the five most recent decisions the administration has made:

    JANUARY 2, 2011 – TIME reported that the Obama administration issued the first in a series of regulations on January 2 designed to unilaterally impose a national energy tax. Gas is $3.05 a gallon.

    MAY 5, 2011 – The White House issues a formal statement opposing House-passed Restarting American Offshore Leasing Now Act (H.R. 1230) and Putting the Gulf of Mexico Back to Work Act (H.R. 1229), legislation designed to jumpstart American energy production, address rising gas prices, and help create new jobs. Gas is $3.96 a gallon.

    JUNE 21, 2011 - The White House opposes the House-passed Jobs & Energy Permitting Act that would unlock an estimated 27 billion barrels of oil and 132 trillion cubic feet of natural gas. Gas is $3.65 a gallon.

    NOVEMBER 8, 2011 – The Obama Administration releases a plan for a five-year moratorium on offshore energy production, placing “some of the most promising energy resources in the world off-limits,” according to the House Natural Resources Committee. Gas is $3.42 a gallon.

    JANUARY 18, 2012 – President Obama rejects the bipartisan Keystone XL pipeline and the more than 20,000 jobs that would come with it. Gas is $3.39 a gallon, and rising faster and earlier than ever before.

    read it all and comments at.
    Video: Why gas prices are so high (hint: it’s not the evil oil companies) « Hot Air
     
  2. GuyPinestra
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    GuyPinestra Senior Member

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    And yet the O-bots keep screaming "It's the SPECULATORS!!"
     
  3. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Actually..I was saying the same thing during the two terms of George W. Bush.

    That's one thing I didn't blame him for..
     
  4. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    And this all gets shot down by the fact we are producing more domestic oil then during the George W. Bush era.

    :lol:
     
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  5. Mustang
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    Mustang Gold Member

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    Maybe Rush Limbaugh could use his considerable influence to get the Chinese and the Indians to use less oil.
     
  6. Ernie S.
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    Ernie S. Platinum Member

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    January 17, gas in Foley, AL was $3.159/gallon
    February 17, it was $3.579. What has changed?
    Are the Chinese using more oil?
     
  7. BlindBoo
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    BlindBoo Gold Member

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    What a terrible war the President is waging against energy. I mean Production is up. The oil Patch is busier than ever. There is even talk of the US producing record numbers(beyond the production of the 70's) in a few years time.

    What a terrible job he is doing in his war........
     
  8. uscitizen
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    uscitizen Senior Member

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    Well yes and no.

    Mainly speculators, however his Iraq war did greatly encourage speculators to drive up the price without any shortage at all except in Iraq.

    It used to take NO GAS signs or rationing thru ODD/EVEN sales. Remember the lines?
    And all that to get a .40 rise in price.

    We are pathetic bastards now.

    We see a .40 rise in one day and bitch at the president?
    Simply pathetic.
     
    Last edited: Feb 24, 2012
  9. g5000
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    g5000 Diamond Member

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    Same here.
     
  10. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    That had some..but on the whole..a small effect on the price of gas.

    Seriously..it's speculation..and in some part..oil companies themselves. They created that shortage you speak of..and Carter called their bluff.
     

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