$2.00????
Didn’t Bachmann promise $1.80 gasoline?
This kind of pandering goes nowhere, as no one really believes it.
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If prices rise too much, look for Obama to pull a Clinton and release oil from the Strategic Oil Reserve to lower prices — in time for the November election.
Production goes up > prices go down > millions more people in China and India can buy gas > demand goes up > prices go up.
And how does Newt plan to prevent OPEC from regulating production to keep price where they want them?
I am in favor of increased production for economic security reasons. But it is foolish to think a US president can control the price of global commodities - there are too many factors beyond his control. This is political pandering.
The only problem is we are Producing far more Gasoline than we are using, in fact we are experiencing the Highest percentage of Refined Motor Fuels being exported to other countries than ever before. So cheap Gas is not the problem, we already have too much. The problem is Government and the Fed STEALING THE VALUE OF YOUR ASSETS AND MONEY thru Inflation and Regulation. And since there is virtually No Manufacturing in this country anymore, we really do not need the fuel to go back and forth to work, now there could be a case made to ease the price of Fuel in an effort to make it easier to go to the Government Buildings to get Food Stamps, Housing Vouchers, Cell Phones, Cash Aid, and Welfare Checks, but that is all.
Personal *PING*
Yeah, yeah, that's all well and good, but what's his position on diesel...you know, the stuff that fuels the transportation of goods to market and food production and, um, my pick-up...
Channeling Michele Bachmann?? Intriguing.
Channeling Michele Bachmann?? Intriguing.
I have always though he should say $1.00 gas....
Or at LEAST say “get to” upon full production.
I’m not at all excited about $2.00
wtf?
This alone would cause the economy to start to grow.
Each dollar of gas you burn into the air produces nothing
And the $50 gas tankful means you didnt spend $25 on a baseball mitt or food or a hammer.... etc...
It is ‘broken glass’. The discreditted concept that if you break someone’s window it spurs economic growth because the owner then has to buy new glass and the glass producer gets money and he buys food for his kids and so the grocer gets money and he buys goods to sell so the farmer gets money etc etc...
But this fallacy ignores that the $25 would have been spent on SOME THING ELSE, and instead goes to replace the glass. If you constantly break and repair the glass you end up broke and with nothing to show for your money except a glass window- instead of having the originall glass window and a hammer and a baseball mitt, etc etc.
The same fallacy that made Odumbass in the White House think “Cash for Clunkers” would generate growth when they destroyed all the clunkers that were turned in. (some of them perfectly good and usable.)
Attorney Orly Taitz tells Newt...obama not qualified to pick tomatoes!!!...
http://washington.cbslocal.com/2012/02/14/gingrich-im-not-going-anywhere/
I don’t know when this was written, but an average price of $4.09 per gallon is way higher than what I’m seeing now.
To remain credible we need to correct things like that before publishing them.
I preferred Bachmann’s gas price pledge. LOL
“End the ban on oil shale development in the American West, where we have three times the amount of oil as Saudi Arabia.”
America’s oil shale reserves are enormous, totaling at least 1.5 trillion barrels of oil. That’s five times the
reserves of Saudi Arabia! And yet, no one is producing commercial quantities of oil from these vast deposits. All that oil is still sitting right where God left it, buried under the vast landscapes of Colorado and Wyoming.
But what if we could safely and economically get our hands on all that oil? Imagine how the world might change. The U.S. would instantly have the world’s largest oil reserves. Imagine…having so much oil we’d never have to worry about Saudi Arabia again, or Hugo Chavez, or the mullahs in Tehran. And instead of ships lined up in L.A.’s port to unload cheap Chinese goods, we might see oil tankers lined up waiting to export America’s tremendous oil bounty to the rest of the world. The entire geopolitical and economic map of the world would change…and the companies in the vanguard of oil shale development might make hundreds of billions of dollars as they convert America’s untapped shale reserves into a brand new energy revolution.
http://dailyreckoning.com/oil-shale-reserves/