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Obama: No 'silver bullet' to bring down gas prices
The Hill ^

Posted on 04/23/2011 3:22:20 AM PDT by Sub-Driver

Obama: No 'silver bullet' to bring down gas prices By Gautham Nagesh - 04/23/11 06:00 AM ET

President Obama said Saturday there are no easy answers for lowering gas prices, which are hovering above $4 a gallon, and criticized politicians who push plans to immediately reduce the price of gas.

"You see people trying to grab headlines or score a few points," Obama said in his weekly address. "The truth is, there’s no silver bullet that can bring down gas prices right away."

The president then laid out his own plan for controlling prices, focusing on ending price gauging but calling for an end to the $4 billion in federal subsidies for oil and gas firms.

He said there are some steps the U.S. can take to improve the situation such as ramping up domestic oil production and ending subsidies for oil and gas firms.

"That’s $4 billion of your money going to these companies when they’re making record profits and you’re paying near record prices at the pump. It has to stop," Obama said.

"Instead of subsidizing yesterday’s energy sources, we need to invest in tomorrow’s," he added, voicing his opposition to a proposal before Congress that would cut the government's clean energy investments by 70 percent.

Obama also pointed to a Justice Department task force launched Thursday with the sole aim of discovering fraud or manipulation in the oil markets, such as illegal trading or speculators, that may impact prices.

"We’re going to make sure that no one is taking advantage of the American people for their own short-term gain," Obama said.

The president acknowledged the added hardship of rising gas prices while the country is still recovering from a prolonged recession but said there are no quick solutions. Obama suggested Thursday that his lagging poll numbers are due to high gas prices nationwide.


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FAIL........
1 posted on 04/23/2011 3:22:21 AM PDT by Sub-Driver
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To: Sub-Driver
"Instead of subsidizing yesterday’s energy sources, we need to invest in tomorrow’s," he added

"And as for today, F*&* you."

2 posted on 04/23/2011 3:24:33 AM PDT by paulycy (Islamo-Marxism is Evil.)
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To: Sub-Driver
Apparently policy decisions never enter into his pea-brain.
But he's looking hard for magical unicorn solutions.
3 posted on 04/23/2011 3:25:17 AM PDT by TigersEye (Who crashed the markets on 9/15/08 and why?)
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To: Sub-Driver

He gave all of his silver bullets to China.


4 posted on 04/23/2011 3:25:38 AM PDT by eyedigress ((Old storm chaser from the west)?)
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To: Sub-Driver

Bush brought gas prices down with one speech.


5 posted on 04/23/2011 3:29:06 AM PDT by agere_contra (As often as I look upon the cross, so often will I forgive with all my heart.)
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To: Sub-Driver

And we eat the scraps thrown to us, and we like it and the only thing we say is.......... can I have some more please. Can someone please tell the House GOP and for that matter any GOP to stop screamimg about this, my ears hurt.


6 posted on 04/23/2011 3:29:46 AM PDT by ronnie raygun (V)
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Comment #7 Removed by Moderator

To: Sub-Driver

Umm...”drill, baby, drill” anyone? Beuller...? Beuller...?


8 posted on 04/23/2011 3:46:54 AM PDT by kayemmbee
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To: Sub-Driver
The president then laid out his own plan for controlling prices, focusing on ending price gauging but calling for an end to the $4 billion in federal subsidies for oil and gas firms.

How does ending subsidies lower gas prices?

Has ending alleged "price gauging" ever, ever resulted in lower prices for gasoline at the pump?

Repressive, destructive Democrat "green" policies such as preventing domestic production of oil, discouraging the increase of domestic refining capacities, basing decisions on fraudulent, non scientific claims of man caused global warming, shutting down off shore drilling, and lack of common sense and understanding of fundamental economics relating to supply and demand.

But we are powerless as a new third world country under Obama's failed domestic and foreign leadership. We are where Obama wants us to be, with $5/gallon cost of gasoline at the pump to be fair to the rest of the world in our new, one-world government.

9 posted on 04/23/2011 3:47:22 AM PDT by olezip
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To: Sub-Driver
EPIC FAIL.......

There...fixed it.

10 posted on 04/23/2011 3:49:52 AM PDT by mort56
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To: Sub-Driver

“We’re going to make sure that no one is taking advantage of the American people for their own short-term gain,” Obama said.

No one except him.


11 posted on 04/23/2011 3:53:00 AM PDT by pas
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To: Sub-Driver
The surprising thing is this moron can talk while almost do one in any audience ever puts his mouth agape with his chin on his chest in pure awe at the stupidity of Obama pronouncements.

Great Caesar's Ghost! This guy is an idiot!

12 posted on 04/23/2011 3:55:11 AM PDT by stevem
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To: Sub-Driver
HMMMMMMMMMMMMM
Interesting use of words. (Silver Bullet)
13 posted on 04/23/2011 3:56:15 AM PDT by DeaconRed (TAGLINE: I can't come up with a good one, so I'll revert to my old standby - FUBO)
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To: Sub-Driver; All

Obama has stated multiple times that the oil and gas industry is recieving subsidies. What exactly is he talking about?

I’m suspecting that he really means that the gov’t is “giving” money by not taxing them more. Does anyone here know more details?


14 posted on 04/23/2011 3:57:15 AM PDT by paint_your_wagon
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To: Sub-Driver
"You see people trying to grab headlines or score a few points"

You mean like the 'Rats like Schumer, Pelosi, et al, trotting in front of the cameras on a daily basis after Katrina, in 2008, etc., and claiming it was, "Bush's oil buddies" who were manipulating the price?

Do you honestly think we're that stupid--oh wait--I guess you do.
15 posted on 04/23/2011 3:59:00 AM PDT by OCCASparky (Steely-eyed killer of the deep.)
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To: paulycy
Hey Zer0; how does DRILL, DRILL, DRILL sound to you, you whining, socialist cipher. Screw OPEC, the EPA, and Soros' futures contracts!

Do it now, keep doing it for the next 10 years!

We keep what we use and sell the rest at some point.

Don't tell me it can't be done.

Let the Arabs take it in the shorts!

Obama-responds-to-Gulf-oil-crisis-06-15-10a

16 posted on 04/23/2011 4:00:51 AM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: kayemmbee
Umm...”drill, baby, drill” anyone? Beuller...? Beuller...?

SARAH SAYS: 'DRILL BABY DRILL!'


17 posted on 04/23/2011 4:02:08 AM PDT by flat
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To: paint_your_wagon

Oil and gas companies can depreciate expenses much faster than other industries (as they should, due to heavy up front costs). In his socialist mind that turns in to corporate welfare.


18 posted on 04/23/2011 4:02:49 AM PDT by jdsteel (I like the way the words "Palin for President" make progressives apoplectic.)
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To: agere_contra
Bush brought gas prices down with one speech.

All the way down to $1.67 a gal from over $4, if I remember correctly.

19 posted on 04/23/2011 4:02:55 AM PDT by tsowellfan (http://www.cafenetamerica.com)
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To: Sub-Driver

Why thanks, Illegal Marxist Community Organizer POS Punk. Talk like this will drive the prices higher. Of course, that is what your anti-American butt wants...


20 posted on 04/23/2011 4:03:12 AM PDT by LRS ("This is silly! It can't be! It can't be!!" "Oh yes it is! I said you wouldn't know the joint.")
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To: paulycy
“”Instead of subsidizing yesterday’s energy sources, we need to invest in tomorrow’s,” he added”

That's code for “there ain't gonna be no new drilling on my watch baby!” The truth is, if the administration would open back up the Gulf, Amwar, grant new leases in the mountain west, allow new drilling for natural gas, and put someone in charge of the EPA who is not a communist, we would see gas prices drop immediately. A portion of gas price is psychological and how the health of the market is perceived. Secondly, the actions I listed would have tangible results starting within a year, not ten years as the lib's state, and would thereby begin bringing actual product on-line and delivered to the end user. But, Zero is flat against additional hydrocarbon capacity and he ain't gonna let it happen. So, we have got to get rid of this creep in 2012...

21 posted on 04/23/2011 4:05:32 AM PDT by snoringbear (Government is the Pimp,)
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To: Sub-Driver

Is there anything that this individual will NOT lie about?


22 posted on 04/23/2011 4:06:29 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Sub-Driver

Drill baby, drill

but not into unborn infants’ skulls.


23 posted on 04/23/2011 4:07:13 AM PDT by Joe Bfstplk
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To: jdsteel

Thanks for the explanation.

And his socialist mind will never admit that an increased business expense will simply be passed on to the end consumer.


24 posted on 04/23/2011 4:13:10 AM PDT by paint_your_wagon
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To: Sub-Driver
"You see people trying to grab headlines or score a few points," Obama said in his weekly address.

Almost since day one of his administration he has worked against the US energy industry.

What a freaking hypocrite!

25 posted on 04/23/2011 4:16:30 AM PDT by TYVets (Pure-Gas.org ..... ethanol free gasoline by state and city)
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To: snoringbear
But, Zero is flat against additional hydrocarbon capacity and he ain't gonna let it happen. So, we have got to get rid of this creep in 2012...

I agree FRiend. This guy will strangle this country to death if he is allowed to.

We can't let him.

26 posted on 04/23/2011 4:16:39 AM PDT by paulycy (Islamo-Marxism is Evil.)
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To: BobP

Drown zer0 in oil. I love it!!!!


27 posted on 04/23/2011 4:17:27 AM PDT by paulycy (Islamo-Marxism is Evil.)
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To: Sub-Driver

Must.....resist.......comment.......


28 posted on 04/23/2011 4:17:57 AM PDT by caver (Obama: Home of the Whopper)
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To: agere_contra

That’s the way I remember it, too.


29 posted on 04/23/2011 4:20:40 AM PDT by gusopol3
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To: agere_contra
Bush brought gas prices down with one speech

But that kind of speech is above Obummer's pay grade, dontchaknow. The only speeches his handlers will let him make are designed to shoot for 6-8-10 dollar gas

30 posted on 04/23/2011 4:23:01 AM PDT by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
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To: Sub-Driver
ah zer0....you truly are Jimmah’s b@st@rd son.
31 posted on 04/23/2011 4:24:07 AM PDT by Vaquero ("an armed society is a polite society" Robert A. Heinlein)
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To: TYVets
"Under my plan the cost of energy will necessarily skyrocket"......Barry Hussein Soetoro

DSC_0063sm

32 posted on 04/23/2011 4:26:37 AM PDT by Fred911 (YOU GET WHAT YOU ACCEPT)
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To: Sub-Driver
"That’s $4 billion of your money going to these companies when they’re making record profits and you’re paying near record prices at the pump. It has to stop," Obama said.

This clown is acting like he's some outsider and not the actual president. This is surreal.
33 posted on 04/23/2011 4:27:52 AM PDT by nhwingut (Palin '12... Accept No Other)
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To: Vaquero

“ah zer0....you truly are Jimmah’s b@st@rd son.”

Either that or else his evil twin.


34 posted on 04/23/2011 4:28:42 AM PDT by paint_your_wagon
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To: Sub-Driver
"You see people trying to grab headlines or score a few points,"

But you told us gas prices were going to go down when you were president! I Hope this Changes."

...focusing on ending price gauging...

Gee, I bet he'll want to stop price gouging, too!

35 posted on 04/23/2011 4:29:48 AM PDT by Right Wing Assault (Our Constitution: the new Inconvenient Truth)
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To: paint_your_wagon

My tax professor walked into class the first day and said he was going to explain what taxes are due the government in 5 minutes. He then said, “what did you make? Send it in.” He then said we would spend the rest of the semester learning what the government would let us keep. That’s O’s mindset. All money is his and he will let you, or the companies know what they can have. If you get to keep some of your earnings, you have received a subsidy.


36 posted on 04/23/2011 4:32:29 AM PDT by Tex52
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To: snoringbear

What an empty suit this guy is. Sure, we do need to invest and explore for tomorrow, but we can’t constrain what we have now to force it. All that does is hold back our economy and limit the resources avalable to fund and research the viable alternatives. This is what happens when we allow lawyers with no operations management background to act as CEO. As bad as Clinton was, at least he understood basic economics and business thanks to his training as a Gov.


37 posted on 04/23/2011 4:35:25 AM PDT by SirFishalot
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To: nhwingut

He’s campaigning. Just add, “as your President, I will....” to the end of his disconnected $4 billion statement and it all makes sense. The clueless wonder ONLY knows how to campaign and hurl insults.


38 posted on 04/23/2011 4:36:07 AM PDT by liberalh8ter
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To: stevem

Did you hear this simple minded fool’s answer to high gas prices? Trade in that gas guzzler and buy a $43,000 Chevy Volt!!
Never. Sorry GM, but this boy won’t be going there, or anywhere else with a GM brand on it.


39 posted on 04/23/2011 4:37:01 AM PDT by Matt Hatter
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To: stevem
The surprising thing is this moron can talk while almost do one in any audience ever puts his mouth agape with his chin on his chest in pure awe at the stupidity of Obama pronouncements.

Because he only speaks to the "Hollywood elite" and college students.

40 posted on 04/23/2011 4:37:17 AM PDT by stayathomemom (Beware of kittens modifying your posts.)
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To: Sub-Driver

Yeah, raise taxes on the oil companies, zerO
That’ll fix the problem
sarc

We ALL know the problem
He lives at 1600 Pennsylania Avenue
Schmuck
Get Out of my White House you big dope!


41 posted on 04/23/2011 4:41:40 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: Sub-Driver

“We’re going to make sure that no one is taking advantage of the American people for their own short-term gain,” Obama said.

The hilarity of that statement would be tremendous if it
weren’t so tragic.


42 posted on 04/23/2011 4:42:03 AM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Tex52

Yes, that’s what I figured.

In this case Zero is playing word games to demonize the oil industry. Alinsky tactics to divide the nation.


43 posted on 04/23/2011 4:43:29 AM PDT by paint_your_wagon
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To: Sub-Driver
Obama also pointed to a Justice Department task force launched Thursday with the sole aim of discovering fraud or manipulation in the oil markets, such as illegal trading or speculators, that may impact prices.

So what, exactly, is the DOJ going to do about speculators overseas? Oh wait, we're talking about Zero here. So... drone strikes, I guess.
44 posted on 04/23/2011 4:51:11 AM PDT by Renderofveils (My loathings are simple: stupidity, oppression, crime, cruelty, soft music. - Nabokov)
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To: agere_contra

Obama isn’t Bush...not even close.


45 posted on 04/23/2011 4:56:35 AM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: TYVets
"You see people trying to grab headlines or score a few points," Obama said in his weekly address."

Quite an ironic statement coming from this President. I guess we all forgot his recent speech on the budget.

46 posted on 04/23/2011 4:57:33 AM PDT by Senator_Blutarski
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To: Senator_Blutarski

He said he could just listen: http://www.youtube.com/watch?v=dnLP12X3EgM


47 posted on 04/23/2011 5:03:49 AM PDT by scooby321
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To: paint_your_wagon

The wealth of America is being forcibly sent to the rest of the world by redistributing our money at the gas pump one gallon at a time. This is a plan.


48 posted on 04/23/2011 5:08:49 AM PDT by healy61
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Comment #49 Removed by Moderator

Comment #50 Removed by Moderator


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