The GOP is reeling from the mass of bad PR they have gotten from the candidates unrealistic stances on contraception….so how do you change the subject? GAS PRICES!
Gas prices are going up and up and of course it is election time and the opposition will make it all the president’s fault…..Mitt has promised two dollar a gallon gas when he is elected president….now sports fans….HE IS LYING!
For one, the president has little control over then price of gas……think Exxon at this point……will they give up profit to make Mitt happy? And then there is the promise of more drilling domestically….good plan and it will take at least 5 years for that to take effect and there is NO guarantee that it will lessen the price of gas at US pumps……now at this point think Chevron……will they give up profits because the oil came from the US soil?
Let us not forget about speculation which has more to do with the price of oil than who is president….or who promises something they could NEVER deliver short of nationalization….now there is something to think about….
Could the price of gas come down? Sure when the price of oil does.
But with all that in your head think about something else…..from USAToday:
Looking at your heating bills or gas prices, you may find it surprising that the United States is enjoying a mini oil boom. It’s producing more crude oil and, for the first time in decades, has become a net exporter of petroleum products such as jet fuel, heating oil and gasoline.
The U.S. exported more oil-based fuels than it imported in the first nine months of this year, making it likely that 2011 will be the first time since 1949 that the nation is a net exporter of such goods, primarily diesel.
That’s not all. The U.S. has reversed another decades-long trend. It began producing more crude oil in 2008 than the year before and accelerated that upswing 3% in the first nine months of this year compared with the same period in 2010. That production has helped reduce U.S. imports of crude oil by about 10% since 2006.
Read it! The US has exported more oil than it imported! Could that exported oil be used here in the good old US of A to keep the price of gas down? At this point think Texaco…….profits are the common denominator……profits will lead the way and as long as that is the motivation there will be NO way to bring the price of gas down…..
Lobotero,
I don’t know how much influence President Obama has over the price of gas. Probably about as much as President Bush had, wouldn’t you say?
You see, I’m doing this new independent thing whereby I attempt complete fairness and objectivity. So, I trust that you were NOT ONE of those people that blamed rising gas prices on President Bush during his reign, correct?
The GOP is reeling from the mass of bad PR they have gotten from the candidates unrealistic stances on contraception….
What “unrealistic stances” are talking about?
Terrance, you may rest at ease…I do not blame Bush for gas prices….it is speculation….now the president, no matter who, can influence the speculation rate…..good lord……just about anything Santorum has said or what people call the MSM….they are turning a personal decision into a major story and the Repubs are taking it in the butt and so the story needs to be changed to put the pill thing to rest (for now)…..anytime a personal decision a private decision is made then to me it is unrealistic and the whole idea of smaller government is nothing more than just words…….
Here’s a piece from Chris Cook over at naked capitalism that tells us
“The oil markets are completely manipulated and orchestrated, and the conductors of the orchestra have the benefit of having already held a rehearsal in 2008…. the US is awash in oil as domestic production quietly increases, flushed out by the high prices.
The smartest kids on the block knows that gasoline prices much over US$4 per gallon will be both deflationary and lethal to President Barack Obama’s re-election chances. So that won’t happen other than briefly.
The effect of a managed decline in oil prices to, and probably over-correcting well through, $60 a barrel – which is coming fairly soon – will be extremely beneficial to the US in two ways.
Firstly, it will be catastrophic in particular for Iran, Russia and Venezuela – not exactly on the White House party list – whose hugely oil-dependent revenues will collapse. The ensuing economic mayhem will open these countries up to regime change and to rescue plans which Wall Street will be dusting off.
Secondly, the US population will be laughing all the way to the gas station as gasoline prices fall – at least temporarily – below $2.50 a gallon and release purchasing power into the economy, thereby doing the president’s re-election chances no harm at all.”
Mr. Cook says that “the oil price will … fall dramatically by the end of this year’s second quarter at the latest. It’s not a matter of if, but when it will happen.”
We’ll have to watch these forecasts of Mr. Cooks to see if they pan out.
Larry,I do no believe any of that will happen….I just cannot see Exxon giving up any profits no matter who it would benefit….
All the drill baby drill people do not realize that the US is the #3 oil producer behind Russia and Saudi….we are already drilling our butts off….
$4.25/gallon here in CA. Glad I don’t have one of those gas guzzling earth destroyers. 🙂 It’s one of those things – what are you gonna do? Gotta get that gas to be able to get to work…to buy gas…to get to work. Endless cycle. Whatever the price, Americans will pay it.
I think so Spinny…..we will bitch and moan but in the end it is a necessity not a luxury, considering we have a suck ass public transportation system….
I wonder if it would be beneficial for the United States to establish a North American oil market. I’ve heard some people talk about it. Basically our oil would be isolated from the world market.
Doubt it…again it is all about profit…