Soaring gas cost may mean worry for Bush, GOP

Sacramento Bee ^ | 4/24/6 | James Rosen

[jec41]

no just a weeeeee bit more

Whats a weeeeeeee bit more?

[Ol' Sparky]

Republicans ARE responsible for the high gas prices in that they refuse to take action that would reduce the price of gasoline. Gasoline taxes could be suspended or permanently reduced. Regulations could be eased or eliminated. Oil companies could be granted immunity from lawsuits regarding the MTE standards.

[zarf]

So clearly, ANWAR is not a solution, simply a political tool to hammer the opposition.

[Independentamerican2]

"Oh, wait. The Dim's don't control Congress. Well, it's still their fault! "

LOl.. Sounds like we can blame alot of people. China, Saudi Arabia, Gas Guzzlers, tree huggers, democrats and the republican congress.. I have to wonder if Ethanol would really be cheaper or would the price of that go up and surpass what we currently pay for gas due to increased demand ?

[Rutles4Ever]

Oil that won't be delivered for eight years is not going to affect the price of oil that is going to be delivered in June.

[Independentamerican2]

Yeah, I'll bet the price "crashes" all the way to $2.60 a gallon before they start their "here come the hurricanes" propaganda and drive it right back up.

Did you see how much Exxon's profit increased year over year..CEO recieved a 400 million retirement package..Can someone here educate me how Exxon posted record profits last year ? Was it due to just increased demand ?

[eskimo]

Soaring gas cost may mean worry for Bush, GOP

Probably worried their kickbacks won't be proportionate.

[mysterio]

The real cost of a barrel of oil increased slightly while the speculators drove up the market price exponentially using uncertainty and natural disasters. We haven't built a new refinery in 30 years, and in fact, we've closed some while demand has continued to grow.

[jec41]

It might help a little but its far from a solution. At present there is no solution.

[RightWhale]

1 year of oil in ANWAR?

Yes, but it will take ten years to pump it out.

[trubluolyguy]

Gasoline taxes could be suspended or permanently reduced.

---

Didn't you get the memo? The Democrats won't let them do anything like this.

[P-40]

That tariff will help to mature the ethanol market here at home though.

[RightWhale]

failure of any kind of national energy policy over the past 25 years

Why stop at energy policy? Has any national policy in the past 25 years done any substantial good at all?

[P-40]

Oil companies could be granted immunity from lawsuits regarding the MTE standards.

The MTBE protection, which an oil company should not have to need, failed already.

[P-40]

record profits

Are you asking about gross or net profits?

[Blackirish]

Don't worry W and Congress passed that giant energy bill not six months ago.

The one with no new drilling, no new refineries and let did not simplify the number of distilling grades.

But it did have some 70,000 pages of 'give aways' and tax breaks ....just wait it'll help ....any minute now.

[2ndClassCitizen]

It really hurts to acknowledge that you are essentially correct.

[kenth]

Or heck, just EO the reformulation away.

[thackney]

Isn't there just 1 year of oil in ANWAR?

ANWR (only one "A") would supply up to 10% or more of the oil we import today. And that amount would flow for about 20 years.

Addendum to The Effects of the Alaska Oil and Natural Gas Provisions of H.R. 4 and S. 1766 on U.S. Energy Markets

US Imports

Arctic National Wildlife Refuge, 1002 Area, Petroleum Assessment, 1998, Including Economic Analysis

[Ol' Sparky]

Last time I checked, the Republicans hold a majority in both houses of Congress and could reduce or eliminate gasoline taxes if they choose to. If the Democrats want to filibuster that, let 'em.