Posted on 02/20/2012 5:52:44 PM PST by Red Steel
TULSA, Okla. (AP) - Republican presidential candidate Newt Gingrich is dangling the prospect of gas as low as $2 a gallon if he's elected.
The former House speaker has spoken in the past of gas dropping to $2.50 a gallon under a Gingrich administration. Monday's prediction, coming as Gingrich campaigned in Oklahoma, contrasts sharply with rival Rick Santorum, who told an Ohio audience that big-city Americans should brace themselves for $5-a-gallon gas.
Both candidates are citing new sensitivity over rising pump prices to push for relaxed regulation on domestic oil production.
According to AAA's daily fuel gauge, the national average Monday for a gallon of regular gas was $3.56.
Gingrich and Santorum have been highlighting oil exploration in North Dakota and slamming the Obama administration for delaying a Canada-to-Texas oil pipeline.
Republican presidential candidate Newt Gingrich dangled the prospect of gas as low as $2 a gallon if he's elected, playing off voter angst about rising prices at the pump.
The former House speaker has spoken in the past of gas dropping to $2.50 a gallon under a Gingrich administration. Monday's prediction came as Gingrich campaigned in Oklahoma, where the oil and natural gas sector is vital to a bustling state economy.
"With Gingrich policies, what we know is we will dramatically expand our independence in the world market, dramatically expand our capacity to produce energy without regard to our foreign potential enemies and in the process prices will clearly be a lot lower," Gingrich said. "Now, I picked $2.50 as a stabilizing price for capital investment reasons. It could easily go down to $2."
According to AAA's daily fuel gauge, a gallon of regular gas was approaching $4 in some places and even topped it in California.
(Excerpt) Read more at money.msn.com ...
Lot of Rino’s roaming this thread, Red. Romneybots dressed in Santorum clothing. Can always tell- they’re the ones who hate Newt the most.
Well, maybe one junkyard, anyway.
They haven't sold enough Volts to fill up two.
“How do YOU back up that Newt could wave a magic wand and make gasoline $2 a gallon?”
Dumb question. Just undo what’s gotten us into this mess.
Oh, and drill, baby, drill. And nuclear energy.
[Please include an addendum on the EU’s control of our European friends buoyant economies. You might also include a brilliant recital of control economies in the Eastern bloc. ]
Already done. The book will be out by Friday. It is called “Biflationary Depression” and gives a thermoeconomic/information theory model of money and the existence of simultaneous inflation and deflation. It is filled with about fifty charts on the economic state of the world and money flows. I’m an engineer, but I do economic software modeling both on the stock market and real estate, so I’m pretty adroit at number crunching and money theory.
So I actually know a hell of a lot on this subject and know a fair amount about the European situation. But I’m just one of those of low IQ (145) Stanford idiots who I’m sure are beneath you intellectually.
So, perhaps you will present your research on the subject of money valuation and your background so you can prove to everyone you are the smartest one here.
That word is an insult and Newt does not deserve that. He has an energy plan to save this country.
Who is your candidate to solve our problems? Romney? Santorum? Paul? You? Who?
Before obimbo, it was $1.79. Why is it stupid and desperate? I don’t know that it is BS.
“They haven’t sold enough Volts to fill up two.”
There are going to be lots of Volts to junk. General Electric announced they are buying all Volts for their employees who get company cars.
If you see a dead Volt in the middle of the road, it will likely be a GE employee inside. You choice whether or not to give him/her a ride in your gas eating machine.
Not to mention, the bible claims to be from God.
If God referred to whores and whoredom, it was and is God doing it.
I hardly think it a valid excuse for a FReeper to call Newt or anyone else that word.
And you are correct, Newt has a plan to fix the energy mess.
That’s a good thing.
No, one should assume that bigdaddy has a life and part of that involves chauffeuring children around (which i was doing).
Any politician who promises a fixed price for a free market commodity is a fool. And I’ve heard lots of rhetoric, but little about how, in spite of billions of Chinese and Indians now wanting to buy cars (driving up demand significantly), oil is somehow going to drop to $50 a barrel if “government gets out of the way”. Would government getting out of the way help? Absolutely. Should we drill more? Absolutely. Of course... where do you think that extra oil would be sold? Here’s a hint.. wherever the oil companies could get the highest price. (And China has plenty of OUR money to spend on oil).
Also, lets say oil flooded the market and the price went to $50 a barrel. What would the oil companies do? Stop drilling!!! Its not worth it when the price gets too low.
All this clamoring for some magical price point of $2 a gallon ignores economical realities.
HAHAHA... c’mon... REALLY??? You’re quoting your IQ and the fact that you went to Stanford?? On an anonymous internet chat board? What a hoot. Should we bow down?
Just “sometimes”?? No sometimes about it....ALL the time!!
If cars ran on piss, this thread would supply us for months.
Newt is a leader trying to solve real problems. He has a plan to lower gas prices that is workable.
By pushing domestic production on federal lands, by opening up leases and by creating a tax holiday for all new equipment for one year and by OKing the Key Stone pipe line immediately and by declaring that his admin will make the US into the world’s largest oil producer.
That will have an impact on Oil futures that will lower prices in weeks.
What impresses me about Newt is that he hits on an issue like this that affects all Americans and is tied to our productivity.
All costs for food and products are tied to the high cost of gas.
Tourism also is affected.
Newt is brilliant. The other two guys are not talking about something so practical and something that a conservative admin could actually move to correct.
“HAHAHA... c’mon... REALLY??? You’re quoting your IQ and the fact that you went to Stanford?? On an anonymous internet chat board? What a hoot. Should we bow down?
Well my qualifications were called out by another who suggested I write a book on the subject of pricing, so I responded in a truthful way by giving my qualifications and admitting that I actually have just finished writing just such a book.
You can bow down if you want, but most people would think you a fool for doing so. The point was not to get admiration, I’ve done enough in my life that I couldn’t give a hoot what you or anyone thinks of me, but I’m not keen on having my arguments dismissed out of hand without a response. Perhaps if confronted with the same question you would have responded that you were born to a clown family and have an IQ of 3, as a means of establishing your Internet humility bona fides, but I would suggest that might be a mistake.
So, let’s turn the tables a little. Since you have called me out, I will ask you what your background in economics is, where you went to college, what your IQ is and what you have written on the subject. You seem after all to believe your pronoucements on economic matters are beyond reproach and I just want to make sure you aren’t puffing yourself up like some Internet babboon.
[I think you’ll agree that anything other than fostering free markets is beyond Constitutional gub’mint mandate.]
Much of the damage to te energy sector has been by executive order and unConstitutional regulation - Newt has forcefully argued he would role tose things back - by executive order - on day one.
Secondly, Newt has said he would fire Bernanke post haste.
Both those actions can have substantial effects on oil prices. Watch which way commodities go with Fed Reserve pumping and you will understand what we are getting at and why your wh——— comment is truly out of bounds. You can argue whether Newt’s gas price goals would be reached in practice, but you cannot honestly arguee that they lack substance and a mechanism.
I log in to get commodity and Fx prices every morning here at 6:30am, do you follow this issue that closely?
If regulation was pulled back on commerce alone, let alone energy production, you'd see prices go back down so fast it would make your head spin. Listen, this country has the resources to be poised on the verge of a great rebound, if its people and markets were able to pursue happiness.
If you seriously think that effective energy policy is going to come out of DC and that they will do their Constitutional duty to foster free enterprise without statist controls, you’re beyond intellectual redemption. Here’s your hero before he changed into the hero you endorse, which, of course, was the antithesis of the hero he became...before he changed his mind...and before he was an acolyte of the ‘Third Wave’.
http://www.youtube.com/watch?v=upphPTRr_PE
Using FR to campaign against Newt Gingrich? You're not very bright, are you? Tell me something, in your estimate, how much have the Reid-Pelosi-Obama radical leftist anti-energy policies increased the price of gas?
Exactly This is classic Newt.
Now where is Santorum or Mittens plan on Restoring our energy Independence.
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