Posted on 02/14/2012 5:33:18 AM PST by Reaganite Republican
$2.00????
Didn’t Bachmann promise $1.80 gasoline?
This kind of pandering goes nowhere, as no one really believes it.
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If prices rise too much, look for Obama to pull a Clinton and release oil from the Strategic Oil Reserve to lower prices — in time for the November election.
Production goes up > prices go down > millions more people in China and India can buy gas > demand goes up > prices go up.
And how does Newt plan to prevent OPEC from regulating production to keep price where they want them?
I am in favor of increased production for economic security reasons. But it is foolish to think a US president can control the price of global commodities - there are too many factors beyond his control. This is political pandering.
The only problem is we are Producing far more Gasoline than we are using, in fact we are experiencing the Highest percentage of Refined Motor Fuels being exported to other countries than ever before. So cheap Gas is not the problem, we already have too much. The problem is Government and the Fed STEALING THE VALUE OF YOUR ASSETS AND MONEY thru Inflation and Regulation. And since there is virtually No Manufacturing in this country anymore, we really do not need the fuel to go back and forth to work, now there could be a case made to ease the price of Fuel in an effort to make it easier to go to the Government Buildings to get Food Stamps, Housing Vouchers, Cell Phones, Cash Aid, and Welfare Checks, but that is all.
When he entered office it was 1.80 per and then he closed down the Gulf.
Pray for America
If we would take advantage of the resources we have in this country, we wouldn't need anything from OPEC, and their demand would go down--plus we could actually export our own oil and gas.
Yes it is pandering just like the 40 % rollback of Obama’s policies on the first day in office. unrealistic. but good ideas.
I don’t recall if it was the threat of opening up the reserves, or drilling to increase domestic oil production that G.W. Bush threatened once upon a time, and of a sudden the price of gasoline at the pump dropped like a rock.
Do you all recall that incident?
I would think that were Palin, Gingrich, or some other conservative with an attitude in the drivers seat again, and with a compatible Congress that a whole lot could happen simply with nuance, or innuendo, much less cooperative congressional legislation.
Personal *PING*
Remember Nixon’s and Carter’s Idea of Price freezes ?
I would have to see some hard numbers regarding reserves and production capacity.
Here is also something to consider - how is the President going to keep that oil in America? It is a global market run by global companies. If they can sell it for more in China then they will. Cheap gas will simply increase global demand.
Which raises another point - what reason do the oil companies have to go along with Newt’s plan?
Yeah, yeah, that's all well and good, but what's his position on diesel...you know, the stuff that fuels the transportation of goods to market and food production and, um, my pick-up...
REAGAN crashed the price of gasoline!
He even did a deal with the Saudis, he sold them arms and THEY opened up the spigots
When the price of a bbl of oil fell to $20, the USSR’s only real source of hard currency dried up... pushing them on towards their inevitable collapse
And is the Reaganite in this race... that’s what Art Laffer says, good enough for me then
It easy to influence the market in the very short term - it is another to make fundamental changes to the market that produce permanently lower prices. The President doesn’t have that power.
And why would one think that the oil companies want permanently lower prices?
Channeling Michele Bachmann?? Intriguing.
Channeling Michele Bachmann?? Intriguing.
I have always though he should say $1.00 gas....
Or at LEAST say “get to” upon full production.
I’m not at all excited about $2.00
wtf?
Next, remove all the heavy taxes on the product and fund roads like they are being funded for now, with regular tax revenues. The “road tax” on fuel has never worked, and not one dime of that tax ever went to build or repair a road.
Finally, the very biggest thing they can do, is actually approve a refinery or Nuclear Electric plant or two to be built, and remove that massive restriction to supply.
And yes, absolutely, a President has massive powers at hand to make this happen immediately through emergency executive order.
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