Posted on 10/18/2012 8:42:50 AM PDT by SoFloFreeper
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...
That was the opinion of a group of economists polled by the University of Chicago Booth School of Business earlier this year. Asked if changes in U.S. gasoline prices over the past 10 years have predominantly been due to market factors rather than U.S. federal economic or energy policies, not a single respondent disagreed.
(Excerpt) Read more at m.cnbc.com ...
Of course you make a good point!
But as I read it, the point you make was not the purpose of the article, though...the purpose is clearly to exonerate Obamugabe...Obamugabe’s POLICY is to degenerate oil and coal production and “punish” those industries.
Part of my point was that only 1.5 lines of the article had any validity. In that smal portion of a sentence, the article unwittingly points out that the only thing the government can to to have a positive influence is to get out of the way. Anything the government tries to do to actively have a positive effect will be ineffective at best. That is absolutely NOT what the author is attempting to accomplish in the article, but the author nonetheless did stumble onto one valid point.
And many carry the commode of bipartisan, socialist, globalist foreign and domestic enemies of our USA.
For over thirty years, our manufacturing has been handed to communist nations with populations amounting to billions. There are at least many hundreds of thousands (more likely millions) of new drivers in those areas every year. More fuel is also needed for increasing manufacturing in those countries.
Better, nonpolitical Americans: avoid buying anything that you don’t really need. Become more self-sufficient each month while learning to manufacture something useful as a hobby for now.
Did NBC run these stories during the Bush years or just repeat the DNC talking points about “oil men in the White House” and “wars for oil?”
What do you consider low?
What??? Oil moves more than the price of gasoline.
Your chart shows that most of Bush’s term was around $2 or less.
That is low compared to O’vomit.
That should be 2-3 $.
So you consider $3 a low gasoline price?
I think the average for Bush’s 8 years is closer to $2.50, but even $3 would seem cheap now.
The Bush average was under $3.
Key statement near the end of the article:
While the federal government makes energy production difficult or impossible on federal lands—as it has done under the Obama Administration—private lands can provide much-needed energy resources and economic revitalization. All government needs to do is get out of the way.
Yes it was.
It is my opinion, that most people don’t consider $3 or $2.5 “cheap gasoline”.
When you referenced the gasoline price during the Bush Administration as cheap, it sounded like a description most people would not use.
Sorry, I just realized I changed wording from your original “low price” to “cheap price”. You did not say cheap, you said low. My mistake, sorry.
I think my point still stands, most people don’t consider that low, except maybe people who started driving 2005 or later.
Other Freeper stated that for most of the Bush administration gas prices were low. You posted a chart that showed gas prices over the course of the Bush administration.
From 2001 through all of 2003 and most of 2004, gas prices were below $2.00 (except for two very brief spikes in 2004). From 2005 gas prices were below $3.00 except for a brief spike that barely topped $3.00 and then dropped sharply back down well below $2.50, and in 2006 prices trended up to and stayed right at $3.00 for a few months in the late spring and summer before trending back down to well below $2.50 at the end of 2006. At the beginning of 2007 -- when the Pelosi/Reid Congress took control -- gas prices were a about $2.25. During the last two years of the Bush Administration, when the Pelosi/Reid Congress blocked Bush's agenda and forced through stagflationary federal minimum wage legislation as its only "accomplishment", gas prices trended steadily upward peaking above $4.00 in mid 2008. Prices dropped sharply in the second half of 2008 as Bush relaxed off-shore drilling moratoriums through executive order and were once again below $2.00 when Zero took office in January 2009.
So what exactly is the basis for your challenge of "So you consider $3 a low gasoline price?" The data you posted shows that to be an invalid challenge to the other FReeper's post.
When you referenced the gasoline price during the Bush Administration as cheap, it sounded like a description most people would not use.
I've been driving for over 30 years, so I remember paying less than $1.00 per gallon. I would not consider $3.00 per gallan gasoline "cheap", and I would not really even consider $2.50 per gallon to be cheap. I would however consider around $2.00 or less to be "cheap" now because inflation has pushed much of what 30 years ago was $1.00 to well over $2.00 now. We will never get back to truly "cheap" gasoline, but if government will get out of the way and allow supply to get to efficient market levels we can at least get it back to reasonable market prices, and that I would eagerly welcome.
When you compare Obama’s all high and rising to the prices under Bush, it is still much lower.
On a side note...
We talked before about propane prices, I'm paying $1.10 a gal.
That is about half what people are paying if the rent a tank.
The original poster referenced "the low gas prices for most of Bush's two terms".
I do not believe most people consider the gas price for most of Bush's two terms to be a low price.
I think when we make those type of statements, overstating the past to criticize the present, we diminish our argument.
There are plenty of actions related to energy and gasoline in specific to criticize Obama, both in his direct actions and those he chose for his administration. I suggest we would best be served by by focusing on those.
Me neither.
$2.50 was my breaking point. I traded my 1/2 hour drive in my 12 mpg Bronco to a longer bus ride when prices hit $2.50. I do not remember ANYONE at that time who would have called $2.50 anywhere near a low price.
That was my point. It is lower than today. But I think we would do more to convince others of without trying to claim that as a low price.
(Eventually I gave up on the bus. I got too busy with some projects to justify the time vs dollars cost/savings.)
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