" U.S. demand for gasoline peaked in 2007 and has been declining steadily since then. Part of the reason, as Obama mentioned in Tuesdays debate, is that the recession cut into demand for energy. But gasoline consumption is also falling because the cars and trucks are becoming more fuel-efficient. Obama cited his administrations efforts to drive fuel efficiency standards higher."
Garbage, yellow journalism....refusing to hold the friggin' communist in the Oval Office accountable. His OWN WORDS about his energy policy prove that he WANTS ENERGY PRICES TO BE HIGH.
Whoever wrote this crap ought to be fired.
This is more about not having the government try to raise the price of gas than it is about the government trying to lower the price of gas.
They simply don’t understand this thing called ‘supply’
Gas Prices: There’s Not Much That DEMOCRAT Presidents Can Do About Them
Fixed it.
Big Media was DEMANDING that GW do something about it when he was president.
FU Big Media!
Take the 18.4% tax off the gallon for a starter. The money will go to purchase goods BECAUSE it’s like money found. Purchases produce jobs for people who will pay taxes....etc...etc. We cannot be a three item economy.
A festering sore of Marxism on Chicago's south side. Has been one for generations!
‘...group of economists polled by the University of Chicago”
Stopped reading right there.
Oh, really? Then why all the wailing and gnashing of teeth when Bush was in office and families were "struggling to get by" when gas was $2/gallon????
Obama’s explanation of why gas prices are high now was beyond a joke, it was (from an economics standpoint) perhaps the most ignorant thing I’ve ever heard a person say—and he’s the president! I thought “My God! Is that really his depth of economic understanding?”
He’s not even at the econ-101 level, because anyone that had actually completed a course in economics-101 would know what he said was complete rubbish.
The economy was far better under Bush and gas prices were low, under O’vomit the economy sucks, but gas prices have been high his entire term.
I predict gas prices will begin to drop immediately after Romney is sworn in. OPEC knows how much fuel the US can produce when pro energy policies kick in.
* Unless they are are Republicans. Then, the President is EVIL for gouging us PERSONALLY with PURPOSEFULLY high gas prices meant to ENRICH the FAT CAT OIL COMPANIES.
you may be tempted blame the government for not doing enough to keep a lid on prices.Resist the temptation.
This much of the article is actually rational and intelligent. The problem isn't that the government isn't doing enough, but rather that the government is interfering too much. Get rid of the artificial government imposed barriers to production. Get rid of the government imposed additives and special blends and ethanol requirements. Allow the market to allocate resources efficiently and allow for domestic drilling. Allow a few new refineries to be built. If the government would do less on the restriction side, we could increase supply, reduce our dependence on foreign oil, and drive down prices.
It is true that government can do little to influence oil and gas prices, but the answer is government needs to do much less -- and get out of the way -- rather than more.
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?”