View Full Version : Democrats point fingers at gas prices.
cutthemdown
08-09-2012, 11:06 PM
Ooops sorry that was 2006!
L.A. BRONCOS FAN
08-09-2012, 11:28 PM
The difference?
Obama's efforts to reign in speculators has met with some success - even if it only means paying ~3.75 instead of ~4.50 a gallon.
I posted a link to a non-partisan study that confirmed this not long ago.
Bush/Cheney, on the other hand, were nothing more than proxies for the oil industry.
Cheney was on record before the 2000 elections stating he wanted to raise oil prices.
The Dim Son administration held secret meetings with oil company CEOs and allowed them to write their own legislation.
At any rate, if you were honest, you'd mention how much a gallon of gas cost before Dim Son took office.
Once the "genie is out of the bottle," it's hard to get him back in...
L.A. BRONCOS FAN
08-09-2012, 11:33 PM
Media Goes Silent as Gas Prices Fall After Obama Crack Down On Oil Speculation
http://ww2.politicususa.com/wp-content/uploads/2012/05/obama-kansas.png (http://www.politicususa.com/obama-gas-prices-fall.html/obama-kansas-2/)
The media and the Republicans were happy to blame President Obama for the high price of gasoline in March, but they are giving Obama none of the credit for the drop in gas prices today.
It seems like only yesterday that the GOP and their corporate media lackeys were telling us that gas prices would ruin Obama, but they have gone silent as gas prices have fallen since Obama announced his administration’s crackdown on oil speculation.
As recently as last month (http://www.washingtonpost.com/blogs/election-2012/post/romney-accuses-obama-of-deflecting-blame-for-gas-prices-economy/2012/04/03/gIQA6H2MtS_blog.html), Mitt Romney was still blaming President Obama for the price of gas, “He gets full credit or blame for what’s happened to this economy and what’s happened to gasoline prices under his watch and what’s happened to our schools and what’s happened to our military forces — all these things are his responsibility while he’s president.”
Speaker of the House John Boehner went as far as to claim that gas prices could cost Obama the election (http://abcnews.go.com/Politics/boehner-gas-prices-cost-obama-election-cutting-oil/story?id=13451597#.T6Qxm-tYv0k), “But if the economy doesn’t get better, I don’t think he’ll win. If people don’t feel better about government-run health care, I don’t think he’ll win. And if gas prices are $5 or $6, he certainly isn’t going to win.”
The media was happy to give the Republicans a free forum and plenty of airtime to use to blame Obama for gas prices, but on April 17 Obama called for a crackdown on oil speculation (http://blogs.voanews.com/breaking-news/2012/04/17/obama-calls-for-crackdown-on-oil-market-trading/), “We can’t afford a situation where speculators artificially manipulate markets by buying up oil, creating the perception of a shortage, and driving prices higher, only to flip the oil for a quick profit. We can’t afford the situation where some speculators can reap millions (of dollars in profits), while millions of American families get the short end of the stick. That’s not the way the market should work.”
Since Obama announced his crackdown on oil speculation, gas prices have fallen twelve cents a gallon (http://www.mediaite.com/online/gas-prices-fall-12-cents-per-gallon-since-president-obama-announced-speculation-crackdown/). The media response to this news has been total silence. (I guess if Republicans don’t have anything to say then there is nothing for the corporate media to report).
There are a couple of other factors at play that have also driven the price of gas down. Speculators had been running wild in February and March. They were betting that war with Iran was on horizon. When Israel or the international community did not take any military action against Iran, prices decreased. The other shoe to drop was that savvy U.S. drivers quickly decreased their consumption (http://www.marketwatch.com/story/oil-and-gas-prices-look-like-theyve-peaked-2012-05-04?reflink=MW_news_stmp). When prices got too high, people started driving less. People have more fuel efficient vehicles that need less fuel. The hybrid has replaced the gas guzzling SUV as America’s car of choice. Better technology has made it easier for consumers to fight back against price gouging and speculation.
It is impossible to say whether President Obama’s announcement of a crackdown on speculators lowered gas prices on its own, or whether it was the president’s announcement and a combination of other factors, but if Obama was to blame for price increase, using the same logic, he also deserves credit for the price decrease.
Republicans try to blame President Obama for everything every day, but the media happily and unquestioningly acts a megaphone for the right’s talking points. The media amplified Republican blame of Obama for gas prices, but they have never given Obama credit since gas prices have fallen.
The media’s ability to skip the good along with their enthusiasm for reporting the bad when it comes to this president is one of the reasons why conservative media bias (http://www.politicususa.com/conservative-media-bias-obama.html) is so obvious to many Americans. There is a reason why Pew has consistently found that President Obama gets the most negative media coverage of any 2012 candidate. (http://www.politicususa.com/media-bias-exposed-romney-gets-3-times-more-positive-coverage-than-obama.html)
Time (http://www.politicususa.com/cnn-fox-msnbc-ignore-wi.html) and time again (http://www.politicususa.com/rachel-maddow-conservative-bias.html) during the Obama presidency, we have seen the media behave in ways that debunk the liberal bias myth. Conservatives continue to tout their liberal bias cover story, all the while keeping the American people in the dark about who controls their media, and whose bias they really represent.
L.A. BRONCOS FAN
08-09-2012, 11:40 PM
Republicans rush to credit Obama for lower gasoline prices. Not (http://www.dailykos.com/story/2012/06/25/1103083/-Republicans-rush-to-credit-Obama-for-lower-gasoline-prices-Not)
by Meteor Blades (http://www.dailykos.com/user/Meteor%20Blades)
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http://images1.dailykos.com/i/user/6/gas_prices6-25-12.gif A year's worth of average gasoline prices nationwide. (gasbuddy.com)
If your memory is as short as Republicans would like it to be, then you probably have forgotten what they were saying three months ago when gasoline prices were steeply rising. Rebecca Weber [URL="http://thinkprogress.org/climate/2012/06/25/505369/with-gas-prices-expected-to-drop-below-3-republicans-suddenly-silent-on-obamas-role/"]has posted (http://www.dailykos.com/story/2012/06/25/1103083/-Republicans-rush-to-credit-Obama-for-lower-gasoline-prices-Not#comments) a reminder that Republicans put the blame directly on Barack Obama:
Mitt Romney, March 18, 2012: “He gets full credit or blame for what’s happened in this economy, and what’s happened to gasoline prices under his watch, and what’s happened to our schools, and what’s happened to our military forces. All these things are his responsibility while he’s president.” House Speaker John Boehner (R-OH), April 6, 2012:“The president’s own policies to date have made matters worse and driven up gas prices.”
Senate Minority Leader Mitch McConnell (R-KY), Feb. 28 2012: “This President will go to any length to drive up gas prices and pave the way for his ideological agenda.”
Sen. John Barrasso (R-WY), March 13, 2012: Obama is “fully responsible for what the American public is paying for gasoline.
You don't have to go far to find plenty of others making similar comments. Here, for instance, is Republican National Committee Chairman Reince Priebus in a FoxNews op-ed (http://www.foxnews.com/opinion/2012/02/29/thanks-to-mr-obama-america-is-running-on-empty-promises/) on Feb. 29:
For three years, the president has done nothing meaningful to keep energy prices low, and now that Americans are feeling the pain at the pump, they are rightfully going to hold him accountable. The nationwide average for a gallon of regular gasoline has fallen 53 cents since its peak on April 5. At that rate, the price will be below $3 a gallon by Labor Day. It is already headed below $3 in 18 states. Which might be why the Republicans, so noisy about gas prices in March and April, have gone silent except for a brief flurry saying the lower prices emerged because Obama's policies have wrecked the economy. We know that oil speculation (http://www.mcclatchydc.com/2012/04/04/144181/finance-expert-says-speculators.html) was part of what drove up the price of gasoline, as did some closed refineries. But with the economies of the European Union and China slowing, oil production in the United States rising and the Saudis upping their production for June (just as they did the previous two months), lower prices were inevitable. Not because there is a dial under the president's desk giving him the power to crank prices up or down at will.
The Republicans know this. They know prices have nothing to do with the Keystone XL pipeline approval or overly strict regulations or anything else the president has some short-term clout over. Blasting him over higher gasoline prices is just politics. As is clamming up when the prices go down. S.O.P. for the GOP.
cutthemdown
08-10-2012, 01:18 AM
Gas prices are killing us. The fact Obama has let everyone know whatever happens happens in the mideast hasn't helped.
Now Israel saying America shared a report with them saying Iran made startling advances towards a working weapon. Not good. Not all Obamas fault I agree. I was just pointing out how they used to say it was the presidents fault. Now like everything Obama they just say it would be much worst without him. Classic.
cutthemdown
08-10-2012, 03:09 AM
With the fire at the Calif refinery its really going to get bad in CA. Is that Obummers fault? no it's not but one problem is the overall liberal stance on no new refineries. We haven't built new ones in decades. So Obama could have done stimulus to build some new ones, lower prices, instead he wasted billions on green energy fantasies.
Get ready for 5 dollar gas LABF. But you strike me as the metrolink type so maybe it won't hit you.
L.A. BRONCOS FAN
08-10-2012, 05:04 AM
Gas prices are killing us. The fact Obama has let everyone know whatever happens happens in the mideast hasn't helped.
Now Israel saying America shared a report with them saying Iran made startling advances towards a working weapon. Not good. Not all Obamas fault I agree. I was just pointing out how they used to say it was the presidents fault. Now like everything Obama they just say it would be much worst without him. Classic.
Bottom line: You can argue that he hasn't been effective enough, but at least Obama has tried to do something about it.
Your hero the Smirking Sociopath just gave oil companies and speculators a free pass for eight years.
Furthermore, the prolonged instability Dim Son's policies created in the Middle East drove oil prices to the levels we're seeing today (and beyond.)
Your heroes Smirk & Sneer entered office with the goal of getting oil prices as high as possible. They didn't give two sh*ts about you and me - only their friends in the oil business and their shareholders.
You supported that sh*t for eight years, and you have the nerve to open your yap about gas prices now?
Unbelievable. :oyvey:
L.A. BRONCOS FAN
08-10-2012, 05:19 AM
With the fire at the Calif refinery its really going to get bad in CA. Is that Obummers fault? no it's not but one problem is the overall liberal stance on no new refineries. We haven't built new ones in decades. So Obama could have done stimulus to build some new ones, lower prices, instead he wasted billions on green energy fantasies.
Get ready for 5 dollar gas LABF. But you strike me as the metrolink type so maybe it won't hit you.
L0L @ you blaming the liberals for the lack of refineries.
News flash: The oil companies have intentionally limited the number of refineries they've built over the years in order to create "scarcity" that can be used to limit supply/gouge consumers.
In fact, Texaco got caught red handed doing that very thing.
With the fire at the Calif refinery its really going to get bad in CA. Is that Obummers fault? no it's not but one problem is the overall liberal stance on no new refineries. We haven't built new ones in decades. So Obama could have done stimulus to build some new ones, lower prices, instead he wasted billions on green energy fantasies.
Get ready for 5 dollar gas LABF. But you strike me as the metrolink type so maybe it won't hit you.
The rising oil prices during Bush's time in office WAS his fault. He and Cheney pushed for massive de-regulation within commodities trading and looked the other way on what they couldn't get thrown out legally.
All to help billionaires who would buy tens of billions of dollars in oil, sit on it for a month or two to limit the available supply, then bring it to market once the surplus squatting they and their friends had concocted had driven prices up to an acceptable profit margin.
These guys literally used zero interest rate loans from the U.S. gov't. that were originally intended to keep liquidity in the commodities market so that no farm crop or peak production season could be crushed simply by lack of immediate market demand and instead investors could feel safe making longer term plays.
A few questions for you:
1. Is there more or less oil on this planet now than there was 10 years ago?
2. Is the ease with which the remaining oil is procured increased or decreased in the last 10 years?
3. Have the major oil producing nations experienced a time of peace and high productivity, or a time of volatility and instability within the last 10 years?
The answer to all three underscore how its a damn miracle that Obama has kept the national price of gas under $5.00 a gallon so far.
cutthemdown
08-10-2012, 06:14 AM
Yeah we know the story. Without Obama unemployment would be even worst. Without Obama gas prices would be 5 bucks.
Ok I will try and answer your questions, but there are just guesses. I'm not claiming to be an oil expert. JR Ewing I'm not.
1- More oil then 10 yrs ago? I would say no there can't be. Planet not still creating oil, or if it does its very slow process I would think. So every 10 years there will be less oil then before.
2-I would say that since many areas the oil is at can't be drilled. For instance offshore in CA the oil is really easy to drill. They would lick chops to drill the **** out of it. There is a lot also probably. But no way they ever drill it. Throw in they have to frack which sounds really hard to me and I would say no its harder and harder to pump oil.
3-The main one Saudi Arabia, yeah not much of a hicup for them. America though had the big spill, so that probably hurt us. Then obviously Iran, Iraq very ****ed up. So maybe a 50/50 of that one.
So I see where you are going. I answered the best I could. I would say that all those same things would have also been true under Bush. And IMO the amount of oil that is gone after a 10 yr period not a huge deal. it would be less but not significant. I would say every 25 yrs would be more significant.
But the wildcard is somewhere out there in ocean is a huge amount of oil they don't know about. I believe still a lot they haven't found. Which is why its smart to give them tax breaks to look for it.
BroncoBeavis
08-10-2012, 06:14 AM
Didn't Queen Nancy say something about having a plan to keep gas under $3 a gallon back in 2006.... If only they were put in power. Apparently they're still working out the deets.
Oh and Drek.... To your three questions, all three answers are basically the opposite of what you think. Technically recoverable reserves are exploding. Ease of recovery of those reserves improves every year. And we can produce as much oil right here in the US as the treehumpers will allow.
Didn't Queen Nancy say something about having a plan to keep gas under $3 a gallon back in 2006.... If only they were put in power. Apparently they're still working out the deets.
Oh and Drek.... To your three questions, all three answers are basically the opposite of what you think. Technically recoverable reserves are exploding. Ease of recovery of those reserves improves every year. And we can produce as much oil right here in the US as the treehumpers will allow.
Well as a practicing geologist I can safely say you are wrong. We obviously use more oil than the Earth can produce in the same timeframe. Newly discoveres oil is always also the most expensive oil to go after. Demand is already outpacing discovery not just supply. Technology is growing rapidly but with huge R&D costs and that produces methods to get hard to reach reserves at high costs not reduction in recovery price. That only comes down via long term implementation improving the method and recouping R&D costs.
Oil prices are going nowhere but up. The U.S. lives in a falsely low price bubble as. It is. Obama has done very well perpetuating that bubble.
Rohirrim
08-10-2012, 08:01 AM
Damn. LABF crushes Cut's thread. Bummer, dude. :puff:
BroncoBeavis
08-10-2012, 08:07 AM
Well as a practicing geologist I can safely say you are wrong. We obviously use more oil than the Earth can produce in the same timeframe. Newly discoveres oil is always also the most expensive oil to go after. Demand is already outpacing discovery not just supply. Technology is growing rapidly but with huge R&D costs and that produces methods to get hard to reach reserves at high costs not reduction in recovery price. That only comes down via long term implementation improving the method and recouping R&D costs.
Oil prices are going nowhere but up. The U.S. lives in a falsely low price bubble as. It is. Obama has done very well perpetuating that bubble.
Technical definitions of whether the planet has more or less oil is irrelevant to supply and demand. It's all about what's recoverable, and what price can be had vs cost for that recovery.
http://www.reuters.com/article/2012/06/13/us-bp-world-reserves-idUSBRE85C0VB20120613
The world's store of oil jumped 8.3 percent last year, as exploration rose and record crude prices made marginal projects commercially viable, yet supplies will struggle to meet demand due to political factors oil giant BP (BP.L) said on Wednesday.
And I've already gone on record saying Presidents and pols in general have little to do with global oil prices. The vast majority of (traditional) oil reserves are controlled by foreign nationals (read NOT Corporate Big Oil) and if anyone has any control over world oil price, it's National companies like Saudi Aramco that can almost literally produce as much oil as they like at the snap of a finger. Meanwhile "Big Oil" traditionally controls far less than 10% of world oil supply. The idea that they have the power to significantly impact global oil prices is comical. Makes for a good conspiracy theory, but it has little to do with what's driving more expensive oil. It's all about record worldwide demand. End of Story.
Jetmeck
08-11-2012, 11:50 PM
Bottom line: You can argue that he hasn't been effective enough, but at least Obama has tried to do something about it.
Your hero the Smirking Sociopath just gave oil companies and speculators a free pass for eight years.
Furthermore, the prolonged instability Dim Son's policies created in the Middle East drove oil prices to the levels we're seeing today (and beyond.)
Your heroes Smirk & Sneer entered office with the goal of getting oil prices as high as possible. They didn't give two sh*ts about you and me - only their friends in the oil business and their shareholders.
You supported that sh*t for eight years, and you have the nerve to open your yap about gas prices now?
Unbelievable. :oyvey:
Amen brother.............speculators should be shot on site..............