Discussion in 'Politics' started by IndependntLogic, Mar 5, 2012.
The Independent's View: Yes as a Matter of Fact, Obama COULD Lower Gas Prices.
....but he's too busy sucking Sierra Club dick.
If he chose to, yes he could.
He could stop the government from interfering in energy production and transportation.
He could push to eliminate the Federal gas tax (It's seriously messed up when the government, which does nothing, makes more money off every gallon, then the company who does everything does).
He could approve more energy production, decreasing the demand for gas/oil,
There are lots of other things he could do as well.
Are you sitting down?
I agree with you on all of the above.
Assuming the investors actually believe him. I doubt it.
Hate to say this, but that would have a minimal impact on gas prices in the near future. If he actually backed those words with action we would see prices drop, but to much is dependent in Iran in the near future for anything Obama does to drive the prices down.
So then your assertation is that Obama is not really to blame for gas prices? I find that surprising.
Nope. Of course, I never thought you were an idiot.
There is no shortage of petroleum that explains today's spike in refined gas and oil.
These spikes are the result of the speculation on those products.
Ergo, there is nothing that any POTUS can really do about it unless they choose to dramatically interfer with the futures market.
Why are people like you IGNORING THESE FACTS???
There are in the below undeveloped areas of the domestic USA
2.5 TRILLION barrels of oil!!!
2.8 billion barrels in 100 feet or less off Gulf coast
.3 billion in Virginia
10.0 billion in Anwr .3% of 2.5 TRILLION barrels
500.0 billion in Bakken Formation
2,000.0 billion in shale oil
2,513.1 billion barrels.
U.S. HAS MASSIVE OIL
2.5 TRILLION BARRELS!
The USA uses 20 million barrels a day..
That means 273 years all from the USA domestic production.
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