who says a President doesn't affect gas prices??

[LeftofLeft]

Can we get some leadership that is not obsessed with taking the $0.07 per gallon profit on a unit price of $3.76 and get leadership that is more focused on things they can control.....like the $0.18 risk-free profit the government TAKES from the American People.

Are you really gullible enough to believe that the ONLY place where the oil monopoly makes a profit is in the final sale of a gallon of gas????

Why not? You people are gullible enough to think that energy prices "necessarily" increasing and not having a viable alternative that does not hurt the economy is a good thing.

We are an Oil-Driven economy. Right now, the economy runs on ethanol, not the ephemeral. Show me a PROVEN, equal or lower cost alternative to oil and I will jump on that wagon in a heartbeat.

You want off the Oil tete, it should come through Innovation, not Regulation.

 

[The Rabbi]

Profit taking.

You dont know wtf you're talking about. How is selling something you control for less profit taking?

Please tell me you have a guy taking care of your investments.....

Deflection because even you cannot explain that in a way that wont make everyone die laughing reading it.

 

[The Rabbi]

doesn't do any good to drill more oil if you don't have the refinery capacity. And oil companies have been closing refineries to keep the price of gas up.

Additionally?

Oil companies are producing more oil now, then in the past.

That's not something they want to do.

You don't make money when there's a glut of your product.

You do when your products price is controlled by the market. Coffee is another. We've had a glut of coffee for decades, but the price increases each year.

Just how stupid are you, again?
http://futures.tradingcharts.com/chart/CF/M

 

[healthmyths]

Why do you want to use external events as excuses for Bush but you won't use them as excuses for Obama?

WHAT external events anywhere NEAR dot.com bust? 9/11? worst hurricane seasons???

NOTHING has approached those events so yea given those external events how could you blame Obama? You can't
BUT YOU can blame Obama for doing everything to destroy our country!
I mean NO president has EVER said these things:
I prefer to put 1,300 companies out of business that pay $100 billion in taxes each year and employ 400,000.
I prefer that utilities go bankrupt.
I prefer higher gas prices.
I prefer that utility rates skyrocket.
I prefer the military be disbanded and replaced by a group I control.
"We cannot continue to rely on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded." (emphasis added)
Republicans Seem To Be Surging In Generic Ballot

The worst real estate collapse/financial crisis since the Depression you moron.

Shut up for god's sake

The facts are that approximately 6% of all mortgage loans in United States are in default.
Historically, defaults were less than one-third of that, i.e., from 0.25% to 2%.

A huge portion of the increased mortgage loan defaults are what are referred to as ‘sub-prime’ loans.
Most of the sub-prime loans have been made to borrowers with poor credit ratings, no down payment on the home financed, and/or no verification of income or assets (Alt-A’s). Close to 25% of sub-prime and Alt-A’s loans are in default.

WHO WAS President in 1999??? A DEMOCRAT!
These loans increased dramatically as a 9/30/99 New York Times article explained,
“In a move that could help increase homeownership rates among minorities and low income consumers,
the Fannie Mae Corp. is easing the credit requirements on loans that it will purchase from banks and other lenders.”

Why would banks make such risky loans?
The answer is that the Clinton administration pressured the banks to help poor people become homeowners, a noble liberal idea.
Also the Clinton Justice Department threatened banks with lawsuits and fines ($10,000 per application) for redlining (discrimination)
if they did not make these loans. Also ACORN (Obama’s community service organization) was instrumental in providing borrowers
and pressuring the banks to make these loans.

To allow Fannie Mae to make more loans, President Clinton also reduced Fannie Mae’s reserve requirement to 2.5%.
That means it could purchase and/or guarantee $97.50 in mortgages for every $2.50 it had in equity to cover possible bad debts. If more than 2.5% of the loans go bad, the taxpayers (us) have to pay for them.
That is what this bailout is all about. It is not the government paying the banks for the bad loans, it is us!!

Principally Senate Democrats demanded that Fannie Mae & Freddie Mac (FM&FM) buy more of these risky loans to help the poor. Since the mortgages purchased and guaranteed by FM&FM are backed by the U.S. government, the loans were re-sold primarily to investment banks which in turn bundled most of them, taking a hefty fee, and sold the mortgages to investors all over the world as virtually risk free.

As long as the Federal Reserve (another government created agency) kept interest rates artificially low, monthly mortgage payments were low and housing prices went up. Many home owners got home equity loans to pay their first mortgages and credit card debt.

During the past eight years, the Bush administration made 17 attempts to reform FM&FM, having been made aware by whistleblowers that the books had been cooked by Clinton appointees, James Johnson and Franklin Raines (most recently Barack Obama financial advisors) who gave large bonuses to themselves and other Clinton appointees by falsely showing huge profits.
The Cause of the 2008 Financial Crisis

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also ignored the President's warnings
and called on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)

Barney Frank's Fannie and Freddie Muddle - US News


NOW what were you saying???
A) Clinton's administration encouraged sub-prime loans.
B) Senate Dems forced Fannie/Freddie to back these loans.
C) Bush 17 times warned congress about Fannie/Freddie... BUT what did the Dems do??
Barney Frank: "The more people exaggerate these problems,the more pressure there is on these companies"
Christopher Dodd also ignored the President's warnings and called on him to "immediately reconsider his ill-advised" position. (

AND again... ALL against the backdrop of the WORST EVENTS any president in history confronted!
Dot.com bust/911/worst hurricanes and YET YOU WON"T admit those events occurred... the best you could come up was a crisis started by the Democrats!

Remember who defended the 1995 Acorn suit against Citicorp...OBAMA!
1) Before 1995 home loans were made to people that could make the mortgage payments.
In these lawsuits, ACORN makes a bogus claim of Redlining (denying poor people loans because of their ethnic heritage).
They protest and get the local media to raise a big stink.
This stink means that the bank faces thousands of people closing their accounts and get local politicians to lobby to stop the bank from doing some future business, expansions and mergers.
ACORN filed tons of these lawsuits and ALL of them allege racism.
UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans - Media Circus*|*Media Circus

Lawyers among was Obama for ACORN forced Citibank to settle out of court or ACORN would make LOUD and very disruptive demonstrations!!!

"Carbieeer" .... GIVE UP if you don't have any FACTS as I've listed above!
Why are people like you so f...king dumb and making such stupid totally UNSUBSTANTIATED STATEMENTS... Don't you know how to do any searches? GEEZ!

 

[healthmyths]

Fundamentally, then, it was the agency problems and the failure of risk prediction and distribution models that allowed the bubble to inflate and then cause big problems after it popped. But back to Fannie and Freddie. The willingness of the non-traditional banking sector - the shadow banking system - to take on these risky assets and still pay investors a relatively high return put tremendous pressure on Fannie and Freddie to follow suit. And their response was unwise - Fannie and Freddie followed the shadow banking sector downward.
Economist's View: What Caused the Financial Crisis?

And again...
During the past eight years, the Bush administration made 17 attempts to reform FM&FM, having been made aware by whistleblowers that the books had been cooked by Clinton appointees, James Johnson and Franklin Raines (most recently Barack Obama financial advisors) who gave large bonuses to themselves and other Clinton appointees by falsely showing huge profits.
The Cause of the 2008 Financial Crisis
Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also ignored the President's warnings
and called on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)

 

[edthecynic]

WHAT external events anywhere NEAR dot.com bust? 9/11? worst hurricane seasons???

NOTHING has approached those events so yea given those external events how could you blame Obama? You can't
BUT YOU can blame Obama for doing everything to destroy our country!
I mean NO president has EVER said these things:
I prefer to put 1,300 companies out of business that pay $100 billion in taxes each year and employ 400,000.
I prefer that utilities go bankrupt.
I prefer higher gas prices.
I prefer that utility rates skyrocket.
I prefer the military be disbanded and replaced by a group I control.
"We cannot continue to rely on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded." (emphasis added)
Republicans Seem To Be Surging In Generic Ballot

The worst real estate collapse/financial crisis since the Depression you moron.

Shut up for god's sake

The facts are that approximately 6% of all mortgage loans in United States are in default.
Historically, defaults were less than one-third of that, i.e., from 0.25% to 2%.

A huge portion of the increased mortgage loan defaults are what are referred to as ‘sub-prime’ loans.
Most of the sub-prime loans have been made to borrowers with poor credit ratings, no down payment on the home financed, and/or no verification of income or assets (Alt-A’s). Close to 25% of sub-prime and Alt-A’s loans are in default.

WHO WAS President in 1999??? A DEMOCRAT!
These loans increased dramatically as a 9/30/99 New York Times article explained,
“In a move that could help increase homeownership rates among minorities and low income consumers,
the Fannie Mae Corp. is easing the credit requirements on loans that it will purchase from banks and other lenders.”

Why would banks make such risky loans?
The answer is that the Clinton administration pressured the banks to help poor people become homeowners, a noble liberal idea.
Also the Clinton Justice Department threatened banks with lawsuits and fines ($10,000 per application) for redlining (discrimination)
if they did not make these loans. Also ACORN (Obama’s community service organization) was instrumental in providing borrowers
and pressuring the banks to make these loans.

To allow Fannie Mae to make more loans, President Clinton also reduced Fannie Mae’s reserve requirement to 2.5%.
That means it could purchase and/or guarantee $97.50 in mortgages for every $2.50 it had in equity to cover possible bad debts. If more than 2.5% of the loans go bad, the taxpayers (us) have to pay for them.
That is what this bailout is all about. It is not the government paying the banks for the bad loans, it is us!!

Principally Senate Democrats demanded that Fannie Mae & Freddie Mac (FM&FM) buy more of these risky loans to help the poor. Since the mortgages purchased and guaranteed by FM&FM are backed by the U.S. government, the loans were re-sold primarily to investment banks which in turn bundled most of them, taking a hefty fee, and sold the mortgages to investors all over the world as virtually risk free.

As long as the Federal Reserve (another government created agency) kept interest rates artificially low, monthly mortgage payments were low and housing prices went up. Many home owners got home equity loans to pay their first mortgages and credit card debt.

During the past eight years, the Bush administration made 17 attempts to reform FM&FM, having been made aware by whistleblowers that the books had been cooked by Clinton appointees, James Johnson and Franklin Raines (most recently Barack Obama financial advisors) who gave large bonuses to themselves and other Clinton appointees by falsely showing huge profits.
The Cause of the 2008 Financial Crisis

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also ignored the President's warnings
and called on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)

Barney Frank's Fannie and Freddie Muddle - US News


NOW what were you saying???
A) Clinton's administration encouraged sub-prime loans.
B) Senate Dems forced Fannie/Freddie to back these loans.
C) Bush 17 times warned congress about Fannie/Freddie... BUT what did the Dems do??
Barney Frank: "The more people exaggerate these problems,the more pressure there is on these companies"
Christopher Dodd also ignored the President's warnings and called on him to "immediately reconsider his ill-advised" position. (

AND again... ALL against the backdrop of the WORST EVENTS any president in history confronted!
Dot.com bust/911/worst hurricanes and YET YOU WON"T admit those events occurred... the best you could come up was a crisis started by the Democrats!

Remember who defended the 1995 Acorn suit against Citicorp...OBAMA!
1) Before 1995 home loans were made to people that could make the mortgage payments.
In these lawsuits, ACORN makes a bogus claim of Redlining (denying poor people loans because of their ethnic heritage).
They protest and get the local media to raise a big stink.
This stink means that the bank faces thousands of people closing their accounts and get local politicians to lobby to stop the bank from doing some future business, expansions and mergers.
ACORN filed tons of these lawsuits and ALL of them allege racism.
UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans - Media Circus*|*Media Circus

Lawyers among was Obama for ACORN forced Citibank to settle out of court or ACORN would make LOUD and very disruptive demonstrations!!!

"Carbieeer" .... GIVE UP if you don't have any FACTS as I've listed above!
Why are people like you so f...king dumb and making such stupid totally UNSUBSTANTIATED STATEMENTS... Don't you know how to do any searches? GEEZ!

What a complete load of shit! I will only go into some of the bullshit, because you will reject the facts and my time is too valuable to waste.

Starting with your "sub-prime" Fannie and Freddie loans causing the Bush Housing Crash, the F&F sub-primes were completely different from the sub-primes that caused the crash, and you know it. The sub-primes that caused the Bush Housing Crash adjusted UP by several points making the payments impossible, whereas the F&F sub-prime loans started 1 point over prime and adjusted DOWN to prime!!!

From the very NY Times article you cite:
"Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped."

As far as lowered credit ratings, it was Bush who extended no down payment loans to people with BAD credit, Clinton only lowered the standard slightly. Clinton borrowers had good credit, just not good enough.

Again from the same NY Times article you quote out of context:
''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''

Bush made no attempt to actually reform F&F, he only talked about it. When a reform bill passed the GOP controlled House over Frank's objections, Bush's GOP controlled Senate killed the bill in committee!!! It wasn't until Obama was elected that Pelosi and the Dems passed F&F reform.

 

[OnePercenter]

You dont know wtf you're talking about. How is selling something you control for less profit taking?

Please tell me you have a guy taking care of your investments.....

Deflection because even you cannot explain that in a way that wont make everyone die laughing reading it.

Why would you sell for less?

 

[OnePercenter]

Additionally?

Oil companies are producing more oil now, then in the past.

That's not something they want to do.

You don't make money when there's a glut of your product.

You do when your products price is controlled by the market. Coffee is another. We've had a glut of coffee for decades, but the price increases each year.

Just how stupid are you, again?
Coffee Monthly Commodity Futures Price Chart : ICE Futures

The price of coffee is going down at the retail level?

 

[healthmyths]

The worst real estate collapse/financial crisis since the Depression you moron.

Shut up for god's sake

The facts are that approximately 6% of all mortgage loans in United States are in default.
Historically, defaults were less than one-third of that, i.e., from 0.25% to 2%.

A huge portion of the increased mortgage loan defaults are what are referred to as ‘sub-prime’ loans.
Most of the sub-prime loans have been made to borrowers with poor credit ratings, no down payment on the home financed, and/or no verification of income or assets (Alt-A’s). Close to 25% of sub-prime and Alt-A’s loans are in default.

WHO WAS President in 1999??? A DEMOCRAT!
These loans increased dramatically as a 9/30/99 New York Times article explained,
“In a move that could help increase homeownership rates among minorities and low income consumers,
the Fannie Mae Corp. is easing the credit requirements on loans that it will purchase from banks and other lenders.”

Why would banks make such risky loans?
The answer is that the Clinton administration pressured the banks to help poor people become homeowners, a noble liberal idea.
Also the Clinton Justice Department threatened banks with lawsuits and fines ($10,000 per application) for redlining (discrimination)
if they did not make these loans. Also ACORN (Obama’s community service organization) was instrumental in providing borrowers
and pressuring the banks to make these loans.

To allow Fannie Mae to make more loans, President Clinton also reduced Fannie Mae’s reserve requirement to 2.5%.
That means it could purchase and/or guarantee $97.50 in mortgages for every $2.50 it had in equity to cover possible bad debts. If more than 2.5% of the loans go bad, the taxpayers (us) have to pay for them.
That is what this bailout is all about. It is not the government paying the banks for the bad loans, it is us!!

Principally Senate Democrats demanded that Fannie Mae & Freddie Mac (FM&FM) buy more of these risky loans to help the poor. Since the mortgages purchased and guaranteed by FM&FM are backed by the U.S. government, the loans were re-sold primarily to investment banks which in turn bundled most of them, taking a hefty fee, and sold the mortgages to investors all over the world as virtually risk free.

As long as the Federal Reserve (another government created agency) kept interest rates artificially low, monthly mortgage payments were low and housing prices went up. Many home owners got home equity loans to pay their first mortgages and credit card debt.

During the past eight years, the Bush administration made 17 attempts to reform FM&FM, having been made aware by whistleblowers that the books had been cooked by Clinton appointees, James Johnson and Franklin Raines (most recently Barack Obama financial advisors) who gave large bonuses to themselves and other Clinton appointees by falsely showing huge profits.
The Cause of the 2008 Financial Crisis

Many prominent Democrats, including House Finance Chairman Barney Frank, opposed any legislation correcting the risks posed by GSEs.
* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis .The more people exaggerate these problems,
the more pressure there is on these companies, the less we will see in terms of affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd also ignored the President's warnings
and called on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," New York Times, 8/11/07)

Barney Frank's Fannie and Freddie Muddle - US News


NOW what were you saying???
A) Clinton's administration encouraged sub-prime loans.
B) Senate Dems forced Fannie/Freddie to back these loans.
C) Bush 17 times warned congress about Fannie/Freddie... BUT what did the Dems do??
Barney Frank: "The more people exaggerate these problems,the more pressure there is on these companies"
Christopher Dodd also ignored the President's warnings and called on him to "immediately reconsider his ill-advised" position. (

AND again... ALL against the backdrop of the WORST EVENTS any president in history confronted!
Dot.com bust/911/worst hurricanes and YET YOU WON"T admit those events occurred... the best you could come up was a crisis started by the Democrats!

Remember who defended the 1995 Acorn suit against Citicorp...OBAMA!
1) Before 1995 home loans were made to people that could make the mortgage payments.
In these lawsuits, ACORN makes a bogus claim of Redlining (denying poor people loans because of their ethnic heritage).
They protest and get the local media to raise a big stink.
This stink means that the bank faces thousands of people closing their accounts and get local politicians to lobby to stop the bank from doing some future business, expansions and mergers.
ACORN filed tons of these lawsuits and ALL of them allege racism.
UPDATED: Obama Sued Citibank Under CRA to Force it to Make Bad Loans - Media Circus*|*Media Circus

Lawyers among was Obama for ACORN forced Citibank to settle out of court or ACORN would make LOUD and very disruptive demonstrations!!!

"Carbieeer" .... GIVE UP if you don't have any FACTS as I've listed above!
Why are people like you so f...king dumb and making such stupid totally UNSUBSTANTIATED STATEMENTS... Don't you know how to do any searches? GEEZ!

What a complete load of shit! I will only go into some of the bullshit, because you will reject the facts and my time is too valuable to waste.

Starting with your "sub-prime" Fannie and Freddie loans causing the Bush Housing Crash, the F&F sub-primes were completely different from the sub-primes that caused the crash, and you know it. The sub-primes that caused the Bush Housing Crash adjusted UP by several points making the payments impossible, whereas the F&F sub-prime loans started 1 point over prime and adjusted DOWN to prime!!!

From the very NY Times article you cite:
"Under Fannie Mae's pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped."

As far as lowered credit ratings, it was Bush who extended no down payment loans to people with BAD credit, Clinton only lowered the standard slightly. Clinton borrowers had good credit, just not good enough.

Again from the same NY Times article you quote out of context:
''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''

Bush made no attempt to actually reform F&F, he only talked about it. When a reform bill passed the GOP controlled House over Frank's objections, Bush's GOP controlled Senate killed the bill in committee!!! It wasn't until Obama was elected that Pelosi and the Dems passed F&F reform.

NO LINKS! NO SUBSTANTIATION! PROVE IT!
Do a little research instead of HYPERBOLE!
And while you are at it...
SHOW ME WHERE any ANY President including numnuts has had THESE EVENTS occur in their terms?

There are 4 major reasons why:
The Dot.com bust, the recession, 9/11 and worst hurricanes in history !
NO other President EVER had the combination of the above events occur in their presidency.
Total lives: over 5,000... 9/11 - 3,000, hurricanes.. over 2,000
Total costs:$8 trillion in losses of businesses, market values, revenues and taxes.
Total job losses: Over 3 million due to destroyed businesses bankrupt businesses,etc.

YET Bush at the end of 2000 the average for the year was 131,785,000 fully employed...
At the end of 2008 the average for the year was 136,790,000 full employed and THAT is A FACT!
That means from end of 2000 to the end of 2008 there were 5,050,000 more employed!
These are exactly what the Bureau of Labor Statistics REPORTED.
http://www.citizen.org/documents/Historical_employment_data.pdf

The dot-com bubble: How to lose $5 trillion ? Anderson Cooper 360 - CNN.com Blogs
The Top 10 Financial Events of the Decade
Costliest U.S. Hurricanes | Weather Underground

FIND me prove these events DIDN"T happen and while you are at find me proof for YOUR GUESSES,, your hyperbole!
PROVE ME WRONG!!!

 

[Ted Frazier]

The Obama administration ostensibly supports America’s oil and natural gas boom, but government data shows that they have issued
the lowest number of drilling leases since at least 1988.
The total number of oil and gas drilling leases issued in 2013 reached a nearly three-decade lows, according to the Bureau of Land Management.
The bureau says it issued 1,468 drilling leases last year, totaling 1.17 million acres of federal land — the lowest figures since 1988, which is the oldest year for which the BLM has data.

When it comes to actually approving drilling permits in 2013, the Obama administration approved the lowest number since 2002 — only 3,770 drilling permits. This is down from 6,617 drilling permits that were approved in 2008, the last year of the Bush administration.

In 2013, it took 194 days on average for the BLM to approve oil and gas drilling permits — 99 days on average for companies to fix any problems with their application and 95 days for the BLM to approve the permits after problems have been fixed.

“Compare this to five days in Texas and 25 in North Dakota and it’s no wonder why production on federal lands has gone down,” Warren added.

Overall, U.S. oil production has boomed in recent years, but production on federal lands has been falling.
The Congressional Research Service reports that oil production on federal lands fell from 1,731,500 barrels per day in 2009 to
1,627,400 barrels per day in 2012, and the total share of crude oil produced on federal lands fell to 26 percent in 2012 from 33 percent in 2009.

Obama. leases the lowest amount of federal land in 25 years | The Daily Caller

So if the current gas prices are driven by supply... folks here is ONE distinct area the President can create more supply.. lowering gas prices.
Common sense should tell people that if there continues to be a growing supply the prices would drop.
BUT the federal land production dropping 38 million barrels a year HAS an affect regardless the size.

Ok Trump. do it!

 

[Pogo]

Haha, great bump.

Rumpgas is showing the quickest spikes since Bushgas. That's a high bar to meet but I bet he can do it and be the greatest gas price spike president that god ever created. I tell you that.

Perhaps the OP can ooze back in and let us know which hand O'bama pumps gas with....

 

[KissMy]

Haha, great bump.

Rumpgas is showing the quickest spikes since Bushgas. That's a high bar to meet but I bet he can do it and be the greatest gas price spike president that god ever created. I tell you that.

Perhaps the OP can ooze back in and let us know which hand O'bama pumps gas with....

Trump Gas Spike!

 

[healthmyths]

Haha, great bump.

Rumpgas is showing the quickest spikes since Bushgas. That's a high bar to meet but I bet he can do it and be the greatest gas price spike president that god ever created. I tell you that.

Perhaps the OP can ooze back in and let us know which hand O'bama pumps gas with....

Trump Gas Spike!
View attachment 147543

NO the ONLY ONLY DIRECT way that a president can affect the price of gas is simple!
INCREASE or DECREASE production!
A hurricane is an act of nature...unless it was Obama who as we know told us this:
Barack Obama said his victory marked “the moment when the rise of the oceans began to slow and our planet began to heal.”
Obama's Nomination Victory Speech In St. Paul | HuffPost

Or as the MSM has gushed often...Editor of NewsWeek, Evan Thomas "I mean in a way Obama's standing above the country, above above the world, he's sort of God."

So the ONLY way Obama affected gas prices was in this manner:
1) Obama was so uneducated about the economics of gas i.e. here is what HE wanted to see: "I'd like higher gas prices, just not so quickly.."

Embedded media from this media site is no longer available

“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases.. an average of 1,277 leases over 4 years
Under Bush.. from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years.
Obama was directly responsible for a reduction of 177% in new leases http://www.blm.gov/wo/st/en/prog/energy/oil_and_gas/statistics.html

Conclusion: The most direct impact on increasing Americans' dependence on "oil companies" and foreign oil a president has is the leasing of federal land for oil.

2) OBAMA actually told : pledged that the United States will be a "major customer" for Brazilian oil in the coming years
Obama says US to be major purchaser of Brazilian oil
Conclusion: OBAMA DISCOURAGED domestic oil production by increasing rules/regulations and signing fewest oil leases on Federal land and encouraging foreign OIL!


Trump Opens ‘All Available’ Gulf Of Mexico Waters To Oil Drilling

 

[NYcarbineer]

The Obama administration ostensibly supports America’s oil and natural gas boom, but government data shows that they have issued
the lowest number of drilling leases since at least 1988.
The total number of oil and gas drilling leases issued in 2013 reached a nearly three-decade lows, according to the Bureau of Land Management.
The bureau says it issued 1,468 drilling leases last year, totaling 1.17 million acres of federal land — the lowest figures since 1988, which is the oldest year for which the BLM has data.

When it comes to actually approving drilling permits in 2013, the Obama administration approved the lowest number since 2002 — only 3,770 drilling permits. This is down from 6,617 drilling permits that were approved in 2008, the last year of the Bush administration.

In 2013, it took 194 days on average for the BLM to approve oil and gas drilling permits — 99 days on average for companies to fix any problems with their application and 95 days for the BLM to approve the permits after problems have been fixed.

“Compare this to five days in Texas and 25 in North Dakota and it’s no wonder why production on federal lands has gone down,” Warren added.

Overall, U.S. oil production has boomed in recent years, but production on federal lands has been falling.
The Congressional Research Service reports that oil production on federal lands fell from 1,731,500 barrels per day in 2009 to
1,627,400 barrels per day in 2012, and the total share of crude oil produced on federal lands fell to 26 percent in 2012 from 33 percent in 2009.

Obama. leases the lowest amount of federal land in 25 years | The Daily Caller

So if the current gas prices are driven by supply... folks here is ONE distinct area the President can create more supply.. lowering gas prices.
Common sense should tell people that if there continues to be a growing supply the prices would drop.
BUT the federal land production dropping 38 million barrels a year HAS an affect regardless the size.

lol, is there a natural gas shortage?

 

[healthmyths]

The Obama administration ostensibly supports America’s oil and natural gas boom, but government data shows that they have issued
the lowest number of drilling leases since at least 1988.
The total number of oil and gas drilling leases issued in 2013 reached a nearly three-decade lows, according to the Bureau of Land Management.
The bureau says it issued 1,468 drilling leases last year, totaling 1.17 million acres of federal land — the lowest figures since 1988, which is the oldest year for which the BLM has data.

When it comes to actually approving drilling permits in 2013, the Obama administration approved the lowest number since 2002 — only 3,770 drilling permits. This is down from 6,617 drilling permits that were approved in 2008, the last year of the Bush administration.

In 2013, it took 194 days on average for the BLM to approve oil and gas drilling permits — 99 days on average for companies to fix any problems with their application and 95 days for the BLM to approve the permits after problems have been fixed.

“Compare this to five days in Texas and 25 in North Dakota and it’s no wonder why production on federal lands has gone down,” Warren added.

Overall, U.S. oil production has boomed in recent years, but production on federal lands has been falling.
The Congressional Research Service reports that oil production on federal lands fell from 1,731,500 barrels per day in 2009 to
1,627,400 barrels per day in 2012, and the total share of crude oil produced on federal lands fell to 26 percent in 2012 from 33 percent in 2009.

Obama. leases the lowest amount of federal land in 25 years | The Daily Caller

So if the current gas prices are driven by supply... folks here is ONE distinct area the President can create more supply.. lowering gas prices.
Common sense should tell people that if there continues to be a growing supply the prices would drop.
BUT the federal land production dropping 38 million barrels a year HAS an affect regardless the size.

lol, is there a natural gas shortage?

Who needs to answer your dumb ass question when all you have to do is geez use the f...king internet!!!

Obama’s energy legacy: Oil, natural gas production on federal lands tanked
Another piece of President Obama’s energy legacy: Oil and natural gas production on federal lands tanked under his tenure even as private activity increased.
From 2008 to 2016, major indicators of federal onshore and natural gas operations declined, including the number of leases, acres leased, permits approved and wells being drilled, according to the Western Energy Alliance in Denver.
The energy advocacy group used figures released Wednesday from the Bureau of Land Management for fiscal year 2016 to finalize its report.
“Who needs the Keep-It-in-the-Ground movement when you have the federal government doing the job itself,” said Alliance President Kathleen Sgamma. “Every major indicator of oil and natural gas activity on federal lands is down.”
Production of natural gas on federal lands actually declined by 15 percent on federal land during the years of the Obama administration, while production on private lands increased during the same period by 66 percent.
Oil, gas production on federal land tanked under Obama

DECLINED dummy because Obama's ignorance!!