Four years ago we went through the same thing with one eception...we had a President then who knew the dynamics and operations of the oil and gas market and who made an immediate difference.
One good start is to stop putting Ethanol in our gas.
Well stated. I agree 100%.
FYI...my take and reflections on four years ago regarding gas prices.
Production on federally controlled lands actually declined from 2010 to 2011 by 14 percent.
It seems like they keep finding more oil every place they look- and the supplies we are using don't seem to be drying-up, some scientists seem to think they are replenishing themselves (i.e. oil is NOT really old dinosaurs)
Gas prices dropped that low in late 2008 when the entire stock market crashed, and world demand for oil dropped dramicatically. Trying to repeat GWB’s success in that might cause some other problems.
President Bush’s Speech to the Nation on the Economic Crisis (TARP Speech) September 24, 2008
Going after Obama for his anti-domestic energy policies is critical but the story above might need some fine tuning to be believed.
Jeff Head for President
Beyond the economic and independence arguments, which are good ones, there’s also the fact that oil money, by and large, sponsors terrorism and jihad.
If OPEC lowers their prices (as they would most certainly do), that’s less money for mayhem.
It also wouldn’t be a bad idea to legislate that all gasoline tax money must go directly to road maintenance. I’d go so far as to eliminate new road construction coming out of this fund, but definitely eliminate railroad/transit subsidies, general fund disbursements, etc. Our roads and related infrastructure need help and the gasoline tax is where the money should come from.
However, notice how they always say "when Zero took office, gas was..."?
That's because gasoline prices crashed in 2008 along with the stock market. When Zero was running for office, we had $4/gal gas when oil hit $140/bbl, and Zero was blaming Bush and his 'oil baron cronies.'
It is unrealistic to expect to return to $2/gal, unless you also expect to return to Dow 8500.
Do I hear 1.80$? Anyone want to say $1.80?
bkmk
What do you think of this Jeff?
Journalist James R. Norman argued that the U.S. and its allies use the price of oil as an economic weapon. The oil economic war against the Soviet Union worked so well in the 1980s, that this strategy is now being employed against “our other big geopolitical enemy,” China, which currently imports more oil than the US, and is much less able to pay for it, he outlined. The thinking in Washington is, it’s going to slow things down for China, and could put a crack in their political system, he continued. Other aspects of the economic war the US is waging with China are on the front page of the paper almost every day— with fights over trade actions, interest rates, and currency levels, he noted.
The whole Chinese business model is based on predatory trade practices, and that’s why the world is ganging up on them, Norman said, adding that China is facing large amounts of unemployment and social unrest, and their banks are sitting on huge assets of non-performing loans. Norman estimated that the actual cost of oil is between $10- $20 a barrel, but when US citizens shell out $4 a gallon at the pump, it’s collateral damage or the price we pay to engage in an economic rather than physical war with China.
Companies like Goldman Sachs, Merrill Lynch, and Morgan Stanley are the economic warfare equivalent of a carrier battle group, because they are able to project power— that’s why financial restrictions were lessened for them, he explained. Morgan also touched on geopolitical/economic situations in such places as Russia, Europe, Iran, Venezuela, and Syria.
http://www.youtube.com/watch?v=M_Q5hX5l3JU
Oil is bought and sold on the world market. The price is a global one. The USA gets about 20% of its oil from Canada and more from Mexico. You are not actually importing that much from the Middle east.
In 2007 Pelosi became speaker of the house, Reid in the Senate, Bush was then in the WH, since then Obama. In 2007 the US national debt was 8.6 trillion. By the end of 2012 the USA national debt will be almost 17 trillion. It will have doubled in 5 years.
That debt was added by the US through the Fed buying its own bonds. This is destroying the value of the US dollar making not only oil but grain and food stuffs go up, like bread, or any grain product, even if the cardboard box stays the same but inside 12 oz went to 10 3/4 oz.
The problem is not just supply that is only one element, global demand is actually down and USA consumption is also down (unemployed people do not drive to work, for example).
The problem is the debt and spending.
The FIRST thing that needs to be done is to sign THE NATIONAL FUEL TAX HOLIDAY BILL.
BTW, they did it for the payroll tax, and that saved only $ 20/month.
No Federal Tax on gasoline will save 40 cents a gallon!
I am sick of hearing all of the endless wrangling by the major news media and politicians (particularly of the liberal variety) regarding the price of gas.
...and you aren’t the only one.
I am sick of hearing all of the endless wrangling by the major news media and politicians (particularly of the liberal variety) regarding the price of gas.
...and you aren’t the only one.
This is not hard to understand. Dump Obama. Dump the EPA. Dump the Energy Dept. End the left’s ridiculous war on energy which is basically a Marxist war against freedom.