Posted on 10/17/2012 5:26:16 PM PDT by rightwingintelligentsia
When you pull up to that gas pump and nearly faint from how much it costs you to fill 'er up, you may be tempted blame the government for not doing enough to keep a lid on prices.
Resist the temptation. The truth is the global nature of the world's energy supply means that no president has much power over what you pay at the pump.
The question of whether the nation's chief executive can do anything to lower soaring energy costs has been a bone of contention between President Barack Obama and his GOP rival, former Mass. Gov. Mitt Romney.
That bone was tossed about in Tuesday's debate at Hofstra University in Long Island, N.Y.
“The proof of whether a strategy is working or not is what the price is that you're paying at the pump,” Romney said in response to a question from the audience. “If the president's energy policies are working, you're going to see the cost of energy come down."
If gas prices were driven by decisions made in the White House, it’s a safe bet than any incumbent president would do everything possible to drive them lower ahead of a re-election campaign. With the possible exception of the unemployment rate or the Dow Jones industrial index, it’s one of the few numbers voters care most about when they head to the polls.
(Excerpt) Read more at economywatch.nbcnews.com ...
I remember the media outside gas stations and oabma was moaning about Bush.
Now it;s a 180 yet again on yet another issue,.
NBC what a joke just like CNN.
If obama did the drilling which the media fail to mention and that Romney was right we coudl get our own oil thus making it cheaper for us.
Obama ignored the gas price question and has yet to be called out on this by the media, obama wants us to all drive volts and ride a donkey while he gets his RV and plane
And another thing, what happened to those almost $4 a gal prices when Bush announced he would loosen drilling regulations?
The prices dropped to between $1.65 and $1.87 per gal (the very prices that Obama inherited before he decided to tighten those very same regulations.
Bush's statement and a statement alone was enough to move the prices.
Obama’s war against oil, coal , natural gas and Obama printing trillions of $ is raising gas prices
There is no such thing as a screw up that Obama is responsible for.
He can always place the blame somewhere else.
The buck stops wherever Obama tosses it.
Dear NBC,
YOU LIE!
The entire Oil/Gas fiasco started under our current President’s Daddy, Jimmy Carter. At the time we were importing about 30% of our Oil, The DOE was created for the SPECIFIC purpose of Reducing our dependence on “Foreign Oil”. Now we Import 75%-80% of our Oil. At the time of it’s creation I went to work in the oilfield, fresh out of high school. We were Ordered to Shut down 25% of the Producing wells and reduce output on another 25%. All of this is by design by very EVIL PEOPLE, whose sole purpose in life is to Have Power and Control over Others, so That they can be the one with the solution to your problems, never mind they created them in the first place. Get Big Brother out of the way and watch what happens to Production, supply and Price. A cheap,abundant supply of energy can only fuel the thirst for freedom and independence, this my friends is Bad for Government.
Pure bull. Take away the speculation that is being driven by problems in the mid east, and the prices fall.
The fuel refining capacity is another matter. But, stop the insane blend problem of which there are many nationwide, and refineries will build up inventory.
Romney is 100% correct, we become oil independent here in North America, and the mid east problem will collapse. We have VAST amounts of energy and all they need be is tapped into.
The biggest factor in the rise of gasoline prices has been the decline of the U.S. dollar and its purchasing power. That's why gold and other commodities have also risen dramatically in recent years.
If the U.S. were to drill more oil, we'd end up exporting more and more of it because it's simply less affordable to us with a weakened U.S. dollar. That's why the whole Keystone XL pipeline is really not being discussed correctly. Nobody likes to mention it, but the primary purpose of that pipeline is to transport oil from Canada and the northern Great Plains to the Gulf Coast ... for export.
Total BS. My tagline for the last year says it all.
Stop the EPA, leave it up to the states.
Back in the early 80’s Honda had a small car that would go 45 MPG. US Car lobby did not like it so they bought off the congress to change the “safety standards.”
I am so sick of this, who ever has the most money, they get to make the rules.
Yes Alberta’s child.
We will be exporting our oil. Our oil will provide the way for our dollar to recover. The more oil on the market means the price will fall. We will not be held hostage to a group of people who do not have our best interests at heart. We will be able to control the price of oil
So did NBC I think the same thing in 2008? I remembered many articles saying that people were having to choose between gas and food because of high gas prices.
Like anything else it only counts if a Republican is President
We need a President who believes in such a thing, not one - Democrat or Republican - so in the tank to islamists.
*
The politician are creatures of polls. What we need is for the people to come together and demand a better energy policy.
That is what is so insidious about our politicians. We are a country divided and it is because of them that we are
There I finished the sentence for NBC.
$5.00/gal gasoline is what the President wanted!
The mystery is the kind of mentality that when the President BRAGS about wanting higher gas prices the democrats don’t react negatively BUT POSITIVELY!!!!!!....
Must surely be a HIVE mentality.. like Bees or Termites.. maybe Ants.. Whatever the collective does is right.. Just admitting you are a democrat must be embarrassing..
bullshit
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