Obama's Double Dip Recession - OIL SKYROCKETING PRICES!!!

[Soggy in NOLA]

stupid is as stupid does.... I guess....

Oil prices are NOT going up because of the green movement...for goodness sakes, get a grip on reality.

no one in the Green Industry or supporting the Green movement HAS MADE THE OIL PRICES to go up....sheesh almighty....

To act and imply and say they are, is just utter BS.

yep, stupid is as stupid does....

isn't it embarrassing to flap your tongues with garbage? Use your God given brain...PLEASE.

So.. restricting domestic oil exploration, limiting the number of refineries, etc. has no effect on supply of badly needed fuels?

Mkay.

 

[edthecynic]

This is a campaign promise that Obama has actually kept. He did say that Energy Prices Would Sky Rocket.

Such inflation is a cruel tax on working people, who should, of course, take comfort in the fact that it will help even more expensive Green Energy appear a bit more palatable to justify Obama giving it tons of government hand-outs.

He did indeed say it:

"Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket," Obama told the Chronicle . "Coal-powered plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers." ~ Barack Obama in the San Francisco Chronicle , January, 2008

SOURCE

Typical dishonest CON$ervative OUT OF CONTEXT half quote. Where is DumbCon whining "CONTEXT, CONTEXT" when you need him?????

Unlike DumbCon, I give the missing context. Obama actually said that the cost would increase "ON THE FRONT END" but in the LONG TERM we would benefit. The dishonest CON$ervative Brotherhood always leaves that part out.

 

[Bill O'Olberman]

stupid is as stupid does.... I guess....

Oil prices are NOT going up because of the green movement...for goodness sakes, get a grip on reality.

no one in the Green Industry or supporting the Green movement HAS MADE THE OIL PRICES to go up....sheesh almighty....

To act and imply and say they are, is just utter BS.

yep, stupid is as stupid does....

isn't it embarrassing to flap your tongues with garbage? Use your God given brain...PLEASE.

So.. restricting domestic oil exploration, limiting the number of refineries, etc. has no effect on supply of badly needed fuels?

Mkay.

My question is what would be the effect if we stopped restricting domestic oil exploration, etc? Are we talking $0.10 per gallon or something more substantial?

 

[Care4all]

stupid is as stupid does.... I guess....

Oil prices are NOT going up because of the green movement...for goodness sakes, get a grip on reality.

no one in the Green Industry or supporting the Green movement HAS MADE THE OIL PRICES to go up....sheesh almighty....

To act and imply and say they are, is just utter BS.

yep, stupid is as stupid does....

isn't it embarrassing to flap your tongues with garbage? Use your God given brain...PLEASE.

So.. restricting domestic oil exploration, limiting the number of refineries, etc. has no effect on supply of badly needed fuels?

Mkay.

My question is what would be the effect if we stopped restricting domestic oil exploration, etc? Are we talking $0.10 per gallon or something more substantial?

The moratorium was lisfted last october and they approved their first oild company to drill in deep water today, who had proved that they had the ability to cap a spill like the one BP had....many more leases to follow.....

it would not even be 10 cents a gallon....the oil drilled in the usa goes on the global market....the usa does not get first dibs or anything, like some on this site thinks....soooo, i doubt it would be a penny less on the global market...

it never goes down when there is a new oil find....NEVER.

those who think it does, then they need to show such and link up....

 

[Flopper]

Oh what a load of horse hocky.

No when the prices were spiking under Bush II he was not responsible and now that it is spiking under Obama he is also not responsible.

Honestly don't you folks every get tired of telling us what the LEFT thinks?

Of course not and we all know why, too, don't we?

Because if you right wing tools didn't insinate a load of nonsense into the mouths of the people who you hate you would not have a god damned thing to say.

Grow up

Gas prices were less than $1.90 when Obama took office - looks like the spike during the BOOOSSSHHHHH era was resolved.

what a crock of poo poo, Boe!

in 2008, under your beloved Republican president, gas prices averaged $3 bucks, in 2009 under Obama, the Democratic president they averaged around $2 bucks a gallon.

in 2008 peak, gasoline was $4.30 cents up here....it HELPED bring us to our knees, and was a PART of the total economic crash that took place under president bush, that late summer/early fall crash.

I am not pleased with the oil/gas prices we are seeing....paying $350 a month just for heating oil 2 months in a row plus the electric is killing us...not a dime extra to spend when you add the higher gasoline prices for matt's 60 mile a day, back and forth to his job....

but you are smart enough to know the total unrest in the middle east and the oil speculator's concerns is what is driving prices higher at this moment....

God forbid, someone sneezes in the middle east and prices skyrocket....

you know it and i know it, and the world knows it....AND THIS IS WHY WE MUST get off the TEET of middle eastern oil and move on to our next fuel source....whatever that may be....natural gas, electric, nuke plants, solar, WHATEVER it takes.

NOT because of the gosh darn pollution or global warming crud, BUT because of the middle east hotspot.

Gas prices remained relatively stable from 1993-1999 before enduring a sizable uptick in 2000 as the phenomenal run in US tech stocks started to come undone.

Now let's look at 2001-2009. This time period featured 9/11, the wars in Afghanistan and Iraq, the rise of the BRIC countries (Brazil, Russia, India, China) and a near global economic meltdown:

2001 - $1.61
2002 - $1.47
2003 - $1.69
2004 - $1.94
2005 - $2.30
2006 - $2.51
2007 - $2.64
2008 - $3.01
2009 - $2.14

The big story during this period of time was the continued rise of countries such as China and India, which has resulted in an increased demand for oil, gas and other commodities.

Historical Gas Prices in the United States

Yes we do need to become energy independent. However, I believe it should be done via alternative energy. Here's why. Most of the country believes global warming is a threat, maybe exaggerated but still a threat. In order to become energy independent, we would need to double our output of oil. To do so we would need to drill well in lot places that the public would resist. It would be a tough road putting wells off the beaches of Florida and California or drilling in national parks and many other environmental sensitive areas.

But even if you were able to drill enough wells in the US to make us energy independent, that would not guarantee us low gas prices. Remember, oil is sold on an international market. So unless you want to nationalize the oil industry, you will pay the market price. If oil is selling for $150 a barrel in Europe that will be the price here less transportation costs. With alternative energy, wind, solar, and nuclear we are immune to the global market prices of energy. Lastly, with alternative energy, we are building a permanent solution. With oil, we will be drilling more and more wells until it's all gone. Then where are we?

 

[uscitizen]

In their defense,drilling more for Oil isn't the answer. We do need to find other sources. I'm ok with drilling more for Oil but it really isn't a viable solution to our dependence problem. So i'm always careful not to join that "Drill Baby Drill" crowd. That's just way too simplistic and a bit ignorant. We have to find another solution or solutions.

truth our total estimated reserves is what maybe 2 years worth of oil for the USA? If we could get it all out of the ground in 2 years which of course we cannot.

 

[uscitizen]

Oh what a load of horse hocky.

No when the prices were spiking under Bush II he was not responsible and now that it is spiking under Obama he is also not responsible.

Honestly don't you folks every get tired of telling us what the LEFT thinks?

Of course not and we all know why, too, don't we?

Because if you right wing tools didn't insinate a load of nonsense into the mouths of the people who you hate you would not have a god damned thing to say.

Grow up

Gas prices were less than $1.90 when Obama took office - looks like the spike during the BOOOSSSHHHHH era was resolved.

what a crock of poo poo, Boe!

in 2008, under your beloved Republican president, gas prices averaged $3 bucks, in 2009 under Obama, the Democratic president they averaged around $2 bucks a gallon.

in 2008 peak, gasoline was $4.30 cents up here....it HELPED bring us to our knees, and was a PART of the total economic crash that took place under president bush, that late summer/early fall crash.

I am not pleased with the oil/gas prices we are seeing....paying $350 a month just for heating oil 2 months in a row plus the electric is killing us...not a dime extra to spend when you add the higher gasoline prices for matt's 60 mile a day, back and forth to his job....

but you are smart enough to know the total unrest in the middle east and the oil speculator's concerns is what is driving prices higher at this moment....

God forbid, someone sneezes in the middle east and prices skyrocket....

you know it and i know it, and the world knows it....AND THIS IS WHY WE MUST get off the TEET of middle eastern oil and move on to our next fuel source....whatever that may be....natural gas, electric, nuke plants, solar, WHATEVER it takes.

NOT because of the gosh darn pollution or global warming crud, BUT because of the middle east hotspot.

Gas prices remained relatively stable from 1993-1999 before enduring a sizable uptick in 2000 as the phenomenal run in US tech stocks started to come undone.

Now let's look at 2001-2009. This time period featured 9/11, the wars in Afghanistan and Iraq, the rise of the BRIC countries (Brazil, Russia, India, China) and a near global economic meltdown:

2001 - $1.61
2002 - $1.47
2003 - $1.69
2004 - $1.94
2005 - $2.30
2006 - $2.51
2007 - $2.64
2008 - $3.01
2009 - $2.14

The big story during this period of time was the continued rise of countries such as China and India, which has resulted in an increased demand for oil, gas and other commodities.

Historical Gas Prices in the United States

Umm I recall paying lots more for gas than that chart.
Is that the wholesale price or something?

 

[Bill O'Olberman]

Yes we do need to become energy independent. However, I believe it should be done via alternative energy. Here's why. Most of the country believes global warming is a threat, maybe exaggerated but still a threat. In order to become energy independent, we would need to double our output of oil. To do so we would need to drill well in lot places that the public would resist. It would be a tough road putting wells off the beaches of Florida and California or drilling in national parks and many other environmental sensitive areas.

But even if you were able to drill enough wells in the US to make us energy independent, that would not guarantee us low gas prices. Remember, oil is sold on an international market. So unless you want to nationalize the oil industry, you will pay the market price. If oil is selling for $150 a barrel in Europe that will be the price here less transportation costs. With alternative energy, wind, solar, and nuclear we are immune to the global market prices of energy. Lastly, with alternative energy, we are building a permanent solution. With oil, we will be drilling more and more wells until it's all gone. Then where are we?

Too bad that alternative energy, wind, solar, and nuclear power arent going to power that combustion engine in 99+ percent of cars and trucks out there. What your talking about is going to require many different industries and the american people making a pretty costly, drastic and fundamental change...

 

[Care4all]

Gas prices were less than $1.90 when Obama took office - looks like the spike during the BOOOSSSHHHHH era was resolved.

what a crock of poo poo, Boe!

in 2008, under your beloved Republican president, gas prices averaged $3 bucks, in 2009 under Obama, the Democratic president they averaged around $2 bucks a gallon.

in 2008 peak, gasoline was $4.30 cents up here....it HELPED bring us to our knees, and was a PART of the total economic crash that took place under president bush, that late summer/early fall crash.

I am not pleased with the oil/gas prices we are seeing....paying $350 a month just for heating oil 2 months in a row plus the electric is killing us...not a dime extra to spend when you add the higher gasoline prices for matt's 60 mile a day, back and forth to his job....

but you are smart enough to know the total unrest in the middle east and the oil speculator's concerns is what is driving prices higher at this moment....

God forbid, someone sneezes in the middle east and prices skyrocket....

you know it and i know it, and the world knows it....AND THIS IS WHY WE MUST get off the TEET of middle eastern oil and move on to our next fuel source....whatever that may be....natural gas, electric, nuke plants, solar, WHATEVER it takes.

NOT because of the gosh darn pollution or global warming crud, BUT because of the middle east hotspot.

Gas prices remained relatively stable from 1993-1999 before enduring a sizable uptick in 2000 as the phenomenal run in US tech stocks started to come undone.

Now let's look at 2001-2009. This time period featured 9/11, the wars in Afghanistan and Iraq, the rise of the BRIC countries (Brazil, Russia, India, China) and a near global economic meltdown:

2001 - $1.61
2002 - $1.47
2003 - $1.69
2004 - $1.94
2005 - $2.30
2006 - $2.51
2007 - $2.64
2008 - $3.01
2009 - $2.14

The big story during this period of time was the continued rise of countries such as China and India, which has resulted in an increased demand for oil, gas and other commodities.

Historical Gas Prices in the United States

Yes we do need to become energy independent. However, I believe it should be done via alternative energy. Here's why. Most of the country believes global warming is a threat, maybe exaggerated but still a threat. In order to become energy independent, we would need to double our output of oil. To do so we would need to drill well in lot places that the public would resist. It would be a tough road putting wells off the beaches of Florida and California or drilling in national parks and many other environmental sensitive areas.

But even if you were able to drill enough wells in the US to make us energy independent, that would not guarantee us low gas prices. Remember, oil is sold on an international market. So unless you want to nationalize the oil industry, you will pay the market price. If oil is selling for $150 a barrel in Europe that will be the price here less transportation costs. With alternative energy, wind, solar, and nuclear we are immune to the global market prices of energy. Lastly, with alternative energy, we are building a permanent solution. With oil, we will be drilling more and more wells until it's all gone. Then where are we?

we can not produce enough oil to supply ourselves....i know this.....those days have been gone since the 1980's i believe?

oil prices will reach a point where gasoline is $9 bucks a gallon and we are gonna be thinking $5 bucks a gallon was, ''the good ole days''...we really need to get off our butts and do something...to find our next energy source or sources and restructuring our country for the use of them....

 

[shintao]

No...but Obama's PLANS through attrition via the EPA, and his EDICTS on drilling are causing what we are seeing.

Good gawwd man!! IF you are going to spout that BS, at least bring a reference!!!

Granted the market reacting to MIDEAST situation isn't helping...but all the more reason for us to wein ourselves away from the MIDEAST, and do these things ourselves as the AMERICANS we have always been.

it isn't going to happen with Obama in office, or Statist Democrats in power though.

You can get off ME Oil any day you chose, but big oil doesn't care what you want dude. And it didn't happen with Bush in office, so?? Oh, it did happen with Clinton in Office. He sold off the National reserve oil which forced prices down. The answer here is to Nationalize oil, but that is socialist, so go with the gouge and suffer Dude.

 

[Care4all]

Gas prices were less than $1.90 when Obama took office - looks like the spike during the BOOOSSSHHHHH era was resolved.

what a crock of poo poo, Boe!

in 2008, under your beloved Republican president, gas prices averaged $3 bucks, in 2009 under Obama, the Democratic president they averaged around $2 bucks a gallon.

in 2008 peak, gasoline was $4.30 cents up here....it HELPED bring us to our knees, and was a PART of the total economic crash that took place under president bush, that late summer/early fall crash.

I am not pleased with the oil/gas prices we are seeing....paying $350 a month just for heating oil 2 months in a row plus the electric is killing us...not a dime extra to spend when you add the higher gasoline prices for matt's 60 mile a day, back and forth to his job....

but you are smart enough to know the total unrest in the middle east and the oil speculator's concerns is what is driving prices higher at this moment....

God forbid, someone sneezes in the middle east and prices skyrocket....

you know it and i know it, and the world knows it....AND THIS IS WHY WE MUST get off the TEET of middle eastern oil and move on to our next fuel source....whatever that may be....natural gas, electric, nuke plants, solar, WHATEVER it takes.

NOT because of the gosh darn pollution or global warming crud, BUT because of the middle east hotspot.

Gas prices remained relatively stable from 1993-1999 before enduring a sizable uptick in 2000 as the phenomenal run in US tech stocks started to come undone.

Now let's look at 2001-2009. This time period featured 9/11, the wars in Afghanistan and Iraq, the rise of the BRIC countries (Brazil, Russia, India, China) and a near global economic meltdown:

2001 - $1.61
2002 - $1.47
2003 - $1.69
2004 - $1.94
2005 - $2.30
2006 - $2.51
2007 - $2.64
2008 - $3.01
2009 - $2.14

The big story during this period of time was the continued rise of countries such as China and India, which has resulted in an increased demand for oil, gas and other commodities.

Historical Gas Prices in the United States

Umm I recall paying lots more for gas than that chart.
Is that the wholesale price or something?

yeah, me too, i paid much more.... it is supposedly the AVERAGE price for the entire year listed

 

[Care4all]

When our dollar weakens even further and inflation increases.....your really going to see some sky high gas prices.

THAT is exactly what is going to happen! $5 a gallon will seem cheap at that point!

 

[elvis]

I don't consider this Obama's or Bush's recession.

 

[The T]

I don't consider this Obama's or Bush's recession.

Perpetual Gubmint Policy over Decades coming home to roost and bite us ALL in the ass.

 

[uscitizen]

Yes we do need to become energy independent. However, I believe it should be done via alternative energy. Here's why. Most of the country believes global warming is a threat, maybe exaggerated but still a threat. In order to become energy independent, we would need to double our output of oil. To do so we would need to drill well in lot places that the public would resist. It would be a tough road putting wells off the beaches of Florida and California or drilling in national parks and many other environmental sensitive areas.

But even if you were able to drill enough wells in the US to make us energy independent, that would not guarantee us low gas prices. Remember, oil is sold on an international market. So unless you want to nationalize the oil industry, you will pay the market price. If oil is selling for $150 a barrel in Europe that will be the price here less transportation costs. With alternative energy, wind, solar, and nuclear we are immune to the global market prices of energy. Lastly, with alternative energy, we are building a permanent solution. With oil, we will be drilling more and more wells until it's all gone. Then where are we?

Too bad that alternative energy, wind, solar, and nuclear power arent going to power that combustion engine in 99+ percent of cars and trucks out there. What your talking about is going to require many different industries and the american people making a pretty costly, drastic and fundamental change...

Yep it will not be cheap or easy but it will cost more and be more difficult the longer we put it off.

 

[The T]

No...but Obama's PLANS through attrition via the EPA, and his EDICTS on drilling are causing what we are seeing.

Good gawwd man!! IF you are going to spout that BS, at least bring a reference!!!

Granted the market reacting to MIDEAST situation isn't helping...but all the more reason for us to wein ourselves away from the MIDEAST, and do these things ourselves as the AMERICANS we have always been.

it isn't going to happen with Obama in office, or Statist Democrats in power though.

You can get off ME Oil any day you chose, but big oil doesn't care what you want dude. And it didn't happen with Bush in office, so?? Oh, it did happen with Clinton in Office. He sold off the National reserve oil which forced prices down. The answer here is to Nationalize oil, but that is socialist, so go with the gouge and suffer Dude.

And Nor do the Unions that you so proudly hail care about what you want either...as long as they have theirs and YOU are forced to pay yer dues regardless and THEY pay whom they want sans YER input...How's that for powerless??

Reap what ya sew buddy!

 

[Flopper]

Yes we do need to become energy independent. However, I believe it should be done via alternative energy. Here's why. Most of the country believes global warming is a threat, maybe exaggerated but still a threat. In order to become energy independent, we would need to double our output of oil. To do so we would need to drill well in lot places that the public would resist. It would be a tough road putting wells off the beaches of Florida and California or drilling in national parks and many other environmental sensitive areas.

But even if you were able to drill enough wells in the US to make us energy independent, that would not guarantee us low gas prices. Remember, oil is sold on an international market. So unless you want to nationalize the oil industry, you will pay the market price. If oil is selling for $150 a barrel in Europe that will be the price here less transportation costs. With alternative energy, wind, solar, and nuclear we are immune to the global market prices of energy. Lastly, with alternative energy, we are building a permanent solution. With oil, we will be drilling more and more wells until it's all gone. Then where are we?

Too bad that alternative energy, wind, solar, and nuclear power arent going to power that combustion engine in 99+ percent of cars and trucks out there. What your talking about is going to require many different industries and the american people making a pretty costly, drastic and fundamental change...

Yes, whole new industries will develop. Products that we can't even imagine will be common in 25 years. It's not a question of if, but rather when. We didn't go from horse and buggies to a car in every garage over night. It took near fifty years. This transition we probably take every bit as long.

In the coming years we'll see gas see sawing it's way up to $5, $7, $9, etc.. Each rise will make alternative forms of energy look better and better.

Government can encourage the transformation, but market forces will ultimately determine the speed of the transition.

 

[shintao]

No...but Obama's PLANS through attrition via the EPA, and his EDICTS on drilling are causing what we are seeing.

Granted the market reacting to MIDEAST situation isn't helping...but all the more reason for us to wein ourselves away from the MIDEAST, and do these things ourselves as the AMERICANS we have always been.

it isn't going to happen with Obama in office, or Statist Democrats in power though.

You can get off ME Oil any day you chose, but big oil doesn't care what you want dude. And it didn't happen with Bush in office, so?? Oh, it did happen with Clinton in Office. He sold off the National reserve oil which forced prices down. The answer here is to Nationalize oil, but that is socialist, so go with the gouge and suffer Dude.

And Nor do the Unions that you so proudly hail care about what you want either...as long as they have theirs and YOU are forced to pay yer dues regardless and THEY pay whom they want sans YER input...How's that for powerless??

Reap what ya sew buddy!

You don't understand my stance. As long as it was energy & power I built it, so if it wasn't oil fired boilers, it was co-gen units, or nuclear power, or damns, or refineries, or solar, or geo-thermal, etc. I couldn't lose on whatever politicians & the people decided on, I had work.

If we went National Oil, I would do it with all Army Engineers from the well head to the car tank. And Unions wouldn't be involved, except for fringe work around the edges. But as long as we have a capitalist mentality, I would expect the same people to continue to gouge you right into the grave.

 

[shintao]

Yes we do need to become energy independent. However, I believe it should be done via alternative energy. Here's why. Most of the country believes global warming is a threat, maybe exaggerated but still a threat. In order to become energy independent, we would need to double our output of oil. To do so we would need to drill well in lot places that the public would resist. It would be a tough road putting wells off the beaches of Florida and California or drilling in national parks and many other environmental sensitive areas.

But even if you were able to drill enough wells in the US to make us energy independent, that would not guarantee us low gas prices. Remember, oil is sold on an international market. So unless you want to nationalize the oil industry, you will pay the market price. If oil is selling for $150 a barrel in Europe that will be the price here less transportation costs. With alternative energy, wind, solar, and nuclear we are immune to the global market prices of energy. Lastly, with alternative energy, we are building a permanent solution. With oil, we will be drilling more and more wells until it's all gone. Then where are we?

Too bad that alternative energy, wind, solar, and nuclear power arent going to power that combustion engine in 99+ percent of cars and trucks out there. What your talking about is going to require many different industries and the american people making a pretty costly, drastic and fundamental change...

Yes, whole new industries will develop. Products that we can't even imagine will be common in 25 years. It's not a question of if, but rather when. We didn't go from horse and buggies to a car in every garage over night. It took near fifty years. This transition we probably take every bit as long.

In the coming years we'll see gas see sawing it's way up to $5, $7, $9, etc.. Each rise will make alternative forms of energy look better and better.

Government can encourage the transformation, but market forces will ultimately determine the speed of the transition.

Exactly why Capitalism fails. It always has to wait on maximum demand before anything gets done.

 

[BlindBoo]

Let me get this straight.

Is the OP saying that American companies are not allowed to drill in U.S. territorial waters,
but foreign companies are?

Really? Is that a fact?

Actually, yes.

Cuba has been encouraged oil drilling in the Gulf of Mexico by Russia and China. Other countries also have oil drilling assets in the Gulf.

BBC NEWS | Americas | Russia to drill for oil off Cuba

http://www.nytimes.com/2009/10/17/business/energy-environment/17cnooc.html


And yet, our government continues to hamstring our own energy producers. Go figure.

Actually, not in the US territorial waters. You see Cuba has it own territorial waters in the Gulf of Mexico.