What Is Obama Going To Do About Record High Gas Prices?

Dadirtykid wrote: Think he'll start dumping billions back into all the alternative energy stuff again?

No..He'll dump it all in war production again..Because they own congress and he doesn't have a chioce

Question: What is President Obama going to do about record high gas prices?

Answer: Absolutely nothing except attempt to make gas prices even higher through new policy.

Discussion: President Obama's constituency wants everyone riding bicycles and horses, walking or driving electric cars. The only way to make the alternative forms of transportation realistic and affordable is to make driving a gas or diesel powered car prohibitively expensive. The best way to make normal cars too expensive to run is to make it impossible to explore for, drill, refine or move gas and diesel to the market so the prices sky rocket. In the meantime you can always be wishy washy on your policy on Iran to keep people wondering what the hell is going to happen there..as we all know uncertainty and ambiguity are always good for the futures markets.

In the end you can make gas prices continue to climb with poor policy and endless taxes. The more expensive fossil fuels get, the more attractive other forms of energy and transportation become.

lionshead2010 wrote: Question: What is President Obama going to do about record high gas prices?

Answer: Absolutely nothing except attempt to make gas prices even higher through new policy.

Discussion: President Obama's constituency wants everyone riding bicycles and horses, walking or driving electric cars. The only way to make the alternative forms of transportation realistic and affordable is to make driving a gas or diesel powered car prohibitively expensive. The best way to make normal cars too expensive to run is to make it impossible to explore for, drill, refine or move gas and diesel to the market so the prices sky rocket. In the meantime you can always be wishy washy on your policy on Iran to keep people wondering what the hell is going to happen there..as we all know uncertainty and ambiguity are always good for the futures markets.

In the end you can make gas prices continue to climb with poor policy and endless taxes. The more expensive fossil fuels get, the more attractive other forms of energy and transportation become.

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...

Unreal

photo-fish wrote: What gas shortage???

America’s top export in 2011 was . . . fuel?
http://www.washingtonpost.com/blogs/ezra-klein/post/americas-top-export-in-2011-was--fuel/2011/12/31/gIQAzlvgSP_blog.html

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.

Duh. The oil companies are making, and will continue to make record profits. Until we start pressuring them by not using their product cuz we've switched over to renewables, they have a monopoly on their product and we're gonna get screwed. Increasing production won't lower our prices because the oil that's available is harder to access and will only decrease in availability and increase in price. Change your lifestyle, move closer to work and bike/walk, carpool, use public transportation, whatever, but quit blaming the government - they're already forking over billions to keep this product artificially lower priced anyway - would you rather pay more in taxes that goes to fossil fuel producers, or pay more in gas?

Vice Lord wrote:

lionshead2010 wrote: Question: What is President Obama going to do about record high gas prices?

Answer: Absolutely nothing except attempt to make gas prices even higher through new policy.

Discussion: President Obama's constituency wants everyone riding bicycles and horses, walking or driving electric cars. The only way to make the alternative forms of transportation realistic and affordable is to make driving a gas or diesel powered car prohibitively expensive. The best way to make normal cars too expensive to run is to make it impossible to explore for, drill, refine or move gas and diesel to the market so the prices sky rocket. In the meantime you can always be wishy washy on your policy on Iran to keep people wondering what the hell is going to happen there..as we all know uncertainty and ambiguity are always good for the futures markets.

In the end you can make gas prices continue to climb with poor policy and endless taxes. The more expensive fossil fuels get, the more attractive other forms of energy and transportation become.

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...

Unreal

Nope. I'm not Chicken Little and I don't see the sky falling at all. What I see is another scheme and it's working so my hat is off to the Administration.

Oh..I did'nt read your entire post before responding..Never mind

But really- nobody wants you riding bicycles, horses or walking to work...Thats ridiculous..

BearMtnHIB wrote:

That is why the world did not melt at $4 gas and it wont at $10 or $20 or $30 (just wait and see), just a few more people will be cut out of car fun and eventually we will allocate fuel to tractors producing food.

What a bunch of nincompoop's. The above quote demonstrates how little some of us know about how the economy works. It WAS in fact, the short spike in oil prices in 2008 - up to $140/barrel- that started the recession a few months before Bush's term was up.

Yes- we had bubbles all over the place- banking, housing, debt piling up- but it was the oil prices i.e. GAS prices that was the straw that broke the camels back and set off the recession. The economy was running thin and EVERYTHING depends upon energy prices.

It's why corn and wheat costs more- it's why oranges and apples cost more- it's why shoes and shirts cost more. A dim whitted view of reality like Obama's (and some posters here) will assure more hard times because they do not understand market economics. The cost of everything going up all at once is what triggered the recession.

What can Obama do? His policies are driving oil prices up. His Oil Hater mentality is damaging our economy for sure.

The President doesn't control market forces, but can implement policies that can potentially effect supply and demand.

As for President Obama, he'll do what he usually does; provide no leadership, no plan, no solution.

Oh- and I found one poster (above quote) who appears to have it exactly right- I'm astonished!

$150/barrel oil and 5 dollar a gallon gas would shut this country down big time- we saw it in 2008. 10 dollar a gallon gas and within 1 year another 50 million Americans would be out of work- and that's a fact.

Obama could do alot more in terms of policy to mitigate the current situation- including his moronic foreign policies. But like the poster who got it right correctly concludes.....

He won't.

Obama loves high oil prices- high prices are compatible with his anti-oil ideology.

BSBSBSBS. In Park County the recession started around January of 2008, In Chaffee it was Feb 2009. You could taste and smell it week by week. Those in CO will think about 2008 and the "recession". Those of us that live nationwide remember the bottom falling out in 2006. What did the oil prices of 2008 have to do with tanking of the economy in 2006. I remember the gas price spike really at the end of all of the bad stuff, we were in very deep already and what crashed the local economies in was not $4 gas. It was all the lost jobs and thus contruction stopped and we lost real local jobs in stead of commuter jobs. Since we had local economies based on unsustainable construction and the massive govt regulation industry that developed around it (that has only grown since the crash, and kept the crash in place locally), it was written much earlier than 2006 even. Those on the east coast experienced what you experienced here almost two years earler, sorry to break it to you, Colorado was behind on this one, actually could have prepared much better given that there were 2+ years of warning.

BSBSBS.

Gas can tripple and we will suck it up, it will hurt, but it will not ruin us. Gas is cheap.

Visit this thread again when gas is $20 and most of us are doing the same thing, just travelling a little less and doing it in different rigs.

BS. $5.gallon gas is almost meaningless, will be mostly forgotten in a month or two, just like $4/gallon that we now live with every day. How much less do you do every day because of $4/gallon gas? I have changed absolutely nothing, because before the spike I was not wasteful.

But keep looking for the president to "lead" via price influence and control, that will go great!!!!

BTW, maths saves all. 20,000 miles a year, 20 mpg, 1000 gallons at $4 is $4000 at $5 is $5000. at $50,000 per year the 2% SS redux is $1000. Thus to working people, $5 vs. $4 gas is the exact same as the 2% SS redux. So if $5 gas will ruin us, taking away this credit will ruin us, there is no end to what will ruin us. Get a backbone, we ain't going anywere. You'll keep buying all the gas you want till you run out of money or they run out of gas. The price only influences this slightly.

Can I ask for a thread lock now too like VL?

Wicked wrote:

photo-fish wrote: What gas shortage???

America’s top export in 2011 was . . . fuel?
http://www.washingtonpost.com/blogs/ezra-klein/post/americas-top-export-in-2011-was--fuel/2011/12/31/gIQAzlvgSP_blog.html

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.

Duh. The oil companies are making, and will continue to make record profits. Until we start pressuring them by not using their product cuz we've switched over to renewables, they have a monopoly on their product and we're gonna get screwed. Increasing production won't lower our prices because the oil that's available is harder to access and will only decrease in availability and increase in price. Change your lifestyle, move closer to work and bike/walk, carpool, use public transportation, whatever, but quit blaming the government - they're already forking over billions to keep this product artificially lower priced anyway - would you rather pay more in taxes that goes to fossil fuel producers, or pay more in gas?

well..yes...Good points all


I think we should definately lock the thread now

Nothing else need be said here

The oil companies are making, and will continue to make record profits.

I just love this talking point.

Do people realize that nearly all major companies make "record profits" every single year? (except maybe during recessions)

Sorry, just had to point it out. Go read some company financials and figure it out. Its called growth and earnings/share or total profits $$ typically always goes up quarter-quarter or year-year. Its perfectly normal with inflation and rising sales and growth.

Now profits margins (percent) is quite different and can go up or down.

Joe wrote:

The oil companies are making, and will continue to make record profits.

I just love this talking point.

Do people realize that nearly all major companies make "record profits" every single year?

lol No they don't..