Washington Too Disengaged About Crushing Oil Prices!

Discussion in 'Politics' started by JimofPennsylvan, Apr 8, 2011.

  1. JimofPennsylvan
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    JimofPennsylvan VIP Member

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    Americans are “mad as hell” about the steep escalation in oil prices and they expect politicians to do more about this problem. They know Washington can’t completely solve the problem but they want more than rhetoric and blame they want real meaningful help from these elected officials! The price of a barrel of oil closed over $110.00 yesterday on the commodity markets what was it a year ago below $90.00! this has caused the average price of gasoline to go from below three dollars a gallon last year to over three and a half dollars today. Further, the price of oil is out of control, credible experts are proselytizing all types of nightmare scenarios on price! Economist tell us this dramatic increase in oil price will significantly reduce the increase in GDP America will see this year (GDP being the total value of all products and services produced in the country) to the American people this means significantly less job and income growth, federal government help is need here!

    One key thing about this whole issue, is that the problem is not that there isn’t enough oil production to meet world-wide supply needs which there currently is it is that the gap between supply and demand has narrowed and reliability of supply has become a greater issue thus providing the reasons for the commodity markets to drive up oil prices. The bottom line for the American people should be that it is not acceptable these reasons for driving up oil prices the way they have been and will be it is not fair to consumers and citizens of countries who will have to pay the price for this increase in price.

    Unless the commodity markets, oil producers and regulators get their act together and stop this creation of hardship at warp speed, the American people should demand the following be done. From American territory, the continental U.S. and off –shore, probably at least forty to fifty percent of the oil America consumes on a daily basis is produced. The American people have some unique rights with respect to this oil because it comes from U.S. sovereign territory. The American people should demand these rights be used to put “price controls” on how much oil produced from U.S. sovereign territory can be sold for and that savings must be passed on to oil end users and consumers. America only needs to do this for ten years until America transitions to other sources of energy. The power to set this price for U.S. oil could be set by the Federal Reserve Chairperson, he has the staff to determine a fair price for consumers and end users and the price needed to drive new oil production and consideration of what oil prices are doing to the health of the economy! A reasonable initial price ceiling would be between $90 to $95 a barrel of oil. This course wouldn’t completely solve America’s oil problem because America has to buy a lot of foreign oil to meet its needs but it would give significant help. The American people should consider that if there was some weather calamity in the country and some individual gas station owner in the affected area jacked up his gasoline prices twenty-five plus percent to just make money, the American people and American politicians would want that gas station owners head for price gouging, well the oil industry and the commodity markets are collectively doing the same thing today, how about we take some heads!
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Uncle Ferd says just like death an' taxes, gas keeps goin' up...
    :eusa_eh:
    Why gas is so expensive, when oil isn't
    April 21, 2011: Prices at the pump may soon set a record, but analysts say U.S. oil prices and gas prices from 2008 don't reflect the true cost of crude.
    See also:

    Obama Says New Task Force Will Examine Gas Prices
    Apr 21, 2011 –-- President Barack Obama said Thursday that the Justice Department will try to "root out" cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested a variety of legal reasons may be behind gasoline's surge to $4 a gallon.
     
    Last edited: Apr 21, 2011
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Guess Hugo figgers there's more than one way to raise gas prices...
    :eek:
    Venezuela’s windfall tax on oil companies raised
    Sun, Apr 24, 2011 - Venezuelan President Hugo Chavez ratcheted up an oil windfall tax in a move that raises government income ahead of a presidential election, but puts a heavy load on oil companies in the OPEC member state.
    See also:

    Costly gasoline clouds Obama re-election prospects
    04/23/11 WASHINGTON -With gas prices climbing and little relief in sight, President Barack Obama is scrambling to get ahead of the latest potential obstacle to his re-election bid, even as Republicans are making plans to exploit the issue.
     
    Last edited: Apr 23, 2011
  4. digger
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    digger Member

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    And what, exactly, is the government supposed to do? Because this sounds a lot like "when things go wrong people bitch about the government."
     
  5. Antiderivative
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    Antiderivative BANNED

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    Carter was right, yet windbags still blow.

    I really don't understand this madness.....well, actually, I do.

    Instead of being leaders in the alternative energy revolution, Reagan sold us out for his disillusionment over energy.

    What happened? Instead of being leaders in the alternative energy paradigm, we are becoming followers.

    However, this is on par for the GOP course in American Exceptionalism.
     
    Last edited: Apr 23, 2011
  6. Mr. H.
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    Mr. H. Diamond Member

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    Carter was the master or fuck for brains. He alone instigated our fall from any hope of an energy independent future.

    I was there. Where were you? Edited

    Jimmy Carter singlehandedly sold this country up the river on the idea that in order to become oil independent from foreign nations, we should first and foremost brow beat, tax, and hog-tie our very own American petroleum industry into submission for the sake of conficscating private property as a means of financing pie-in-the-sky "alternative/renewable/sustainable energy production.

    Where did that lead? It lead to hundreds of thousands of lost jobes, decresed domestic oil production, and an incremental increase in crude oil imports.

    No- Carter was as much a screw job as is Obama.

    And the saddest thing is, America has not learned anything.

    Liberals do not learn from history, and they are hell bent on repeating history.
     
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  7. digger
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    digger Member

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    Just how much oil do you think we have? We can't "produce" oil domestically. We can only suck it out of the ground, and once we've done that we can't do it twice. Any oil that Carter failed to "produce" back then we can just as easily "produce" now. But that's not gonna do it. Maybe it'll buy us a decade's breathing time. But sooner or later we're gonna have to get serious about clean energy. Might as well be sooner.
     
  8. Wicked Jester
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    Wicked Jester Libsmackin'chef

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    This government needs to wake the fuck up, and understand that we will be an oil dependent nation for many, many years to come......It's time to start seriously drilling our own damn oil, and send these overseas providers a damn message....We are no longer going to be held hostage any longer.

    Yeah, we should start looking into more alternatives. In the meantime, drill our asses off.
     
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  9. Antiderivative
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    Antiderivative BANNED

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    Go fuck yourself, you anti-American asshole.

    I am not standing against one ounce of your anti-American BS.
     
  10. Wicked Jester
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    Wicked Jester Libsmackin'chef

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    Obama's a fuckin' joke.

    Just look at his ridiculous "Cash For Clunkers" horseshit.......Yeah, that sure did work!....Just look at all the hybrids that are out on the roads.......Oh wait, theren't aren't anymore now, then there were before that asinine BS.

    Christ, auto dealers here in so. Cal are still bitching about not being repaid by his sorry ass....All it did was screw them out of money, and didn't do one bit of god damn good.
     

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