'Progressive-A' wrote: What's another 50 cents a gallon when compared to the Bushie's and Republicans 400% rise in oil prices.
'Conservative-B' wrote: There is an article today on about how the price of gas is hurting Canadians. Since you are such an expert on Bush controlling the price of gas, I have a couple of questions:
1. I am mildly interested in how Bush ran up the price of our gas.
2. I am intensely interested in how he did it in Canada.
'Conservative-C' wrote: Please explain how the President and Vice President can govern oil prices all around the world? I'm confused
'Progressive-A' wrote: When we invaded Iraq, I fully expect OPEC to retaliate by raising their prices. The oil business is a "good ole boy" system and both Bush and Cheney are part of the "good ole boy" system. Bush had very close ties with Saudis long before he was President.
[sarcasm]Isn't the President of the United States the most powerful person on earth? [/sarcasm]
Isn't it fascinating how the Righties defended the idea that the President has no control over the prices of oil/gas...in 2008....But today, it's Obama's fault...
You can't make this stuff up... rofllol
But the difference here is that Dems do believe goverment is a cure-all while Republicans think goverment should just stay out of the way.
Irony? Dems who believe that goverment can do it all elected a do-nothing President and Republicans are worried that Obama has to much power.
Thomas Sowell: There are no solutions, just trade-offs.
But as usual- it was completely void of any substance.
The spike to $140 was not somthing Bush could control for the most part. It was demand side generated- mostly by countries like China and India who were growing at 12 to 15% GDP per year.
However- Bush did not have a policy of shutting down domestic production like Obama does. If Bush were president during the last 4 years- I'm quite sure domestic production would have ramped up in response to the oil price spike. This has not been allowed to happen under Obama- and this is what I mean by mitigating the damage.
Oil spiked to 140 and within 4 months the effects had started to take a toll on the economy and within 6 months we were in a recession. That's how fast it happens. Obama has had more than 3 years to mitigate his domestic energy policy and his international foreign policy- and he has done nothing.
Oh and by the way- it was the recession itself- and the lower economic activity that resulted, that brought oil prices down - first back down to $80/barrel, it has since gone back up to the $100 range, and now it seems like $150 is not out of the question.
The recession is over for most of the world- they are growing again and their demand for oil is increasing again. Seems like even Canada has ramped up their domestic oil production.
We are the only ones stuck in the mud- and we know who to thank for that.
He has made it worse- and when the next spike hits- watch out because it's a repeat of 2008 at best, and maybe much worse.
BearMtnHIB wrote: LJ- thank you for you're socialist response.
But as usual- it was completely void of any substance.
The spike to $140 was not somthing Bush could control for the most part. It was demand side generated- mostly by countries like China and India who were growing at 12 to 15% GDP per year.
However- Bush did not have a policy of shutting down domestic production like Obama does. If Bush were president during the last 4 years- I'm quite sure domestic production would have ramped up in response to the oil price spike. This has not been allowed to happen under Obama- and this is what I mean by mitigating the damage.
Oil spiked to 140 and within 4 months the effects had started to take a toll on the economy and within 6 months we were in a recession. That's how fast it happens. Obama has had more than 3 years to mitigate his domestic energy policy and his international foreign policy- and he has done nothing.
Oh and by the way- it was the recession itself- and the lower economic activity that resulted, that brought oil prices down - first back down to $80/barrel, it has since gone back up to the $100 range, and now it seems like $150 is not out of the question.
The recession is over for most of the world- they are growing again and their demand for oil is increasing again. Seems like even Canada has ramped up their domestic oil production.
We are the only ones stuck in the mud- and we know who to thank for that.
He has made it worse- and when the next spike hits- watch out because it's a repeat of 2008 at best, and maybe much worse.
The sky is always falling with you Chicken Littles..Is there anything you're not afraid of? Do you people actually enjoy your lives here on earth?
There's a godam boogie man behind every bush for you Rightwingretards...
It’s also worth noting that U.S. oil consumption has declined since 2006, which means that much of the refining capacity the country added in the past decade is now geared toward exports.
So rather than reduce prices in favor of driving Americans, big US petroleum companies are making a profit by exporting it. They could lower the cost of gas and create a price war against their competitors but that would be bad for business.