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Bachmann stands by $2 gas pledge
The Washington Times ^ | August 19, 2011 | David Eldridge

Posted on 08/20/2011 9:57:33 PM PDT by Tolerance Sucks Rocks

GOP presidential candidate Rep. Michele Bachmann on Friday stood by her promise to bring gas prices down to around $2 a gallon if elected.

“The price of gasoline the day that Barack Obama took office was $1.79 a gallon. If the price of gasoline was $1.79 a gallon just two and three years ago, certainly we can get it back down to that level again. Why wouldn’t we be able to do that? We’re a ‘can-do’ America,” the Minnesota congresswoman said during an interview on the Washington Times-affiliated “America's Morning News” radio program.

The $2 gas promise raised eyebrows around the country, but the tea party-backed candidate who won last weekend’s Ames Straw Poll wasn’t backing down.

“What Barack Obama has done is lock up America’s eneregy reserves. We’re the No. 1 energy-resource-rich nation in the world. We have more oil in three Western states in the form of shale oil than all the oil in Saudi Arabia. That doesn’t include the Bakken oil field in North Dakota or the eastern Gulf region or the Atlantic or the Pacific or Anwar or the Arctic region,” she said.

“We also have a brand-new natural gas find in Pennsylvania with over a trillion cubic feet of natural gas. We also have 25 percent of all the coal in the world. We just aren’t accessing or utilizing our energy. Energy could be one of the most stable, accessible forms of resources for business in the United States. …And we would create millions of high-paying jobs instantly,” she said.

Mrs. Bachmann, 55, blamed presidential policies, including stimulus programs supplemented by the Federal Reserve, for high gas prices and the shortfall in domestic supply.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: barackobama; bho44; coal; energy; environment; gasprices; greens; michelebachmann; naturalgas; obama; obamao; oil

1 posted on 08/20/2011 9:57:34 PM PDT by Tolerance Sucks Rocks
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To: Tolerance Sucks Rocks

Can be done with natural gas....


2 posted on 08/20/2011 9:59:19 PM PDT by Fred ('Just cus I said it, don't mean I meant it'....Obamaism)
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To: Tolerance Sucks Rocks

http://www.fuelsystemssolutions.com/

Fuel your vehicle from home...


3 posted on 08/20/2011 10:03:21 PM PDT by Fred ('Just cus I said it, don't mean I meant it'....Obamaism)
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To: Tolerance Sucks Rocks
$2 dollar gas is a really achievable goal. Step one: Drill Baby Drill. I don't see why we can't be at a buck and a half. The fact that this isn't brought up more is ridiculous. I am really tired of the Lamestreams meme on this.


4 posted on 08/20/2011 10:06:39 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Lazlo in PA

Yep, all we need is the political will to do it.


5 posted on 08/20/2011 10:31:27 PM PDT by jospehm20
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To: Tolerance Sucks Rocks

She cannot will the price of something to drop to $2.


6 posted on 08/20/2011 10:36:51 PM PDT by wastedyears (Of course you realize, this means war.)
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To: wastedyears

Please tell me she didn’t say “millions of high paying jobs”...


7 posted on 08/20/2011 11:14:10 PM PDT by gov_bean_ counter
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To: Tolerance Sucks Rocks

Somebody should remind the media about Obama’s many pledges....


8 posted on 08/20/2011 11:29:53 PM PDT by Tempest (Ruining the day of corporate butt kissers everywhere.)
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To: Tempest
Somebody should remind the media about Obama’s many pledges....

You mean like the one where he promised that Energy Prices would SKYROCKET?

9 posted on 08/20/2011 11:35:01 PM PDT by UCANSEE2 (Lame and ill-informed post)
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To: wastedyears

I wish she could, but that really isn’t within her power.


10 posted on 08/20/2011 11:36:24 PM PDT by berdie
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To: UCANSEE2

That is one pledge that the guy will probably keep.


11 posted on 08/20/2011 11:38:02 PM PDT by berdie
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To: wastedyears
She cannot will the price of something to drop to $2.

No. But as President, she can UNLOCK America's energy reserves, which should cause the price of the fuels we need to drop. That and getting rid of these stupid CAFE standards and EPA regulations that have not saved one life or one drop of gas yet.

12 posted on 08/20/2011 11:39:10 PM PDT by UCANSEE2 (Lame and ill-informed post)
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To: Tolerance Sucks Rocks

As much as I would like to see $2.00/gal, that sounds like goofy (if not outright looney) thing to say. Promising a market price from a Government position is not what I would expect from a Republican, much less a conservative. There are world economic factors at play (not just the U.S. economy) that determines the price of fuel. It’s a legitimate goal to bring down the price of fuel, but throwing out prices is not logical.


13 posted on 08/20/2011 11:41:25 PM PDT by The Bronze Titan
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To: Lazlo in PA

Those evil speculators will take care of the rest


14 posted on 08/20/2011 11:41:45 PM PDT by dila813
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To: The Bronze Titan
“millions of high paying jobs instantly”.
15 posted on 08/20/2011 11:42:45 PM PDT by gov_bean_ counter
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To: Lazlo in PA; All

Drill baby drill would not affect oil prices for too many years to meet her stated deadline. The most likely avenue is if the Libya mess ends soon and they get back producing in the next year. Unfortunately, after giving O so much grief about Libya, it would be hard to claim that one as a conservative win.


16 posted on 08/21/2011 12:05:21 AM PDT by gleeaikin
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To: gleeaikin
'Drill Baby Drill' would affect Oil prices immediately.

As would removing the blend laws and Ethanol subsidies, licensing some new refineries and dissolving the EPA.

Oil is hedged way into the future: a known change in supply in (say) 5 years affects prices right away.

A Conservative President and House can do this.

17 posted on 08/21/2011 12:19:28 AM PDT by agere_contra ("Debt is the foundation of destruction" : Sarah Palin.)
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To: agere_contra

But wouldn’t our oil go into the global market?


18 posted on 08/21/2011 1:05:51 AM PDT by berdie
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To: Tolerance Sucks Rocks

With enough spending cuts against all levels of the various anti-competition offices in government, it could be done. There wouldn’t be many left with incomes enough for buying fuel for a while. But no one in politics has the guts or selflessness.


19 posted on 08/21/2011 1:19:37 AM PDT by familyop (cbt. engr. (cbt), NG, '89-' 96)
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To: Tolerance Sucks Rocks
I don't see anything wrong with this. In October, 2007, oil was $90.00 a barrel, and a gallon of regular was about $2.75 on the East Coast. Now, oil is about $81-85 a barrel, yet regular is around $3.60 a gallon. Why? Undo that, and she's more than halfway towards her goal.

Besides, it's not like she promised that unemployment wouldn't go above 8% if she was allowed to borrow trillions in foreign $$$ for her economic stimulus plan.

20 posted on 08/21/2011 2:08:32 AM PDT by TwelveOfTwenty (Compassionate Conservatism? Promoting self reliance is compassionate. Promoting dependency is not.)
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To: Tolerance Sucks Rocks

FReeing drilling and proper resource management WHo knows the good things that can happen...

In Alaska a new gold find is measured the amout of Gold and copper recovered in TONS....
THAT is TONS OF GOLD.. hundreds of tons of Gold.. many hundreds of tons of Gold..
And God knows how much copper silver, and molybdenum AND jobs..
No to speak of the Oil natural gas that will be finally tapped...

And if the oil sans and shale is tapped.. we will not need Canadian oil sand oil...


21 posted on 08/21/2011 3:57:13 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: All; Tolerance Sucks Rocks
Under $3 is achievable. Under $2 happened because of economic meltdown.

This like her "I would not raise the debt ceiling" stump speech talking point (except she signed a pledge, Cut-Cap-Balance with a repeal of Obamacare, to do just that).

It's weird and not credible sounding.

"Drill, Baby, Drill" and a strong dollar policy could do wonders for gas prices.

A 2008 Cato piece Weak Dollar and US Petroleum Reserves Behind Strong Oil Price

22 posted on 08/21/2011 4:03:32 AM PDT by newzjunkey
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To: The Bronze Titan
“There are world economic factors at play (not just the U.S. economy) that determines the price of fuel.”

There doesn't have to world market control on prices for oil that is drilled, refined, and used in America. Nothing says we couldn't give big tax breaks for domestic production of oil/gas. Not the ethanol subsidy crap, or wind/solar pipe dream scam, real gas.

23 posted on 08/21/2011 4:04:56 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: Tolerance Sucks Rocks
I said it before, I'm a Sarah guy first, but I love the titanium spine and balls the size of bowling balls on this woman.

She will not back down and go wimper in the corner and it makes the msm even crazier.

24 posted on 08/21/2011 4:57:23 AM PDT by USS Alaska (Nuke the terrorist savages.)
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To: Tolerance Sucks Rocks

A strong dollar and a little more drilling would go a long way to reducing gas prices.


25 posted on 08/21/2011 5:13:41 AM PDT by Loyal Buckeye
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To: wastedyears
Right. She could have made her point without putting a number to it. Unnecessary
26 posted on 08/21/2011 5:18:17 AM PDT by plain talk
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To: Tolerance Sucks Rocks

When a politician starts making promises that may be beyond their capability, they begin to sound desperate.

Bachmann has promised to repeal Obamacare. Bachmann has promised under-$2-gas.

The Republicans couldn’t even deliver on their $100 Billion in spending cuts they promised in 2010, choosing rather to kick that can down the road.

If they start promising ‘the moon’, I start losing interest.

Read my lips, etc.


27 posted on 08/21/2011 5:37:35 AM PDT by TomGuy
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To: plain talk

I’m giving her a pass on this one. Most people in this country are apparently complete morons, so she needed to couch the issues of monetary policy and artificially restricting our fuel supply in real terms rather than abstracts.


28 posted on 08/21/2011 6:36:52 AM PDT by CowboyJay
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To: wastedyears

But she can remove the government imposed restrictions that prevent us from drilling for our own oil on our own land.

Image the world if the US was the chief energy exporter and the price all around the world dropped significantly. OPEC would collapse and Chavez would too. There is little downside to a massive increase in oil production.


29 posted on 08/21/2011 6:51:01 AM PDT by Dutch Boy
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To: wastedyears

>>She cannot will the price of something to drop to $2.<<

I agree. But her statement was what, in sales, is called a Big Fat Claim (BFC). It is actually a very effective tool if you can back up your BFC with facts and statistics. In her follow up comments she is showing the beginnings of doing just that.

That is a good thing.

And I think she is right. There was a related article today about a Wyoming judge ruling against salazar for sitting on drilling permits. If the oil companies were allowed to start exploiting what we already know we have, the price WOULD be below $2. Significantly so. We’ve merely been conditioned to see that as cheap. Kinda like we now see $1,500 gold as cheap. ;-)


30 posted on 08/21/2011 6:57:40 AM PDT by RobRoy (The US today: Revelation 18:4)
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To: The Bronze Titan

>>As much as I would like to see $2.00/gal, that sounds like goofy (if not outright looney) thing to say.<<

We are living in interesting times. Saying house prices could drop 25% sounded goofy in 2007. We now only wish it was that little.

Time has a way of exposing those who saw the logical outcome of events better than others. Her remark is very much fullfillable if she takes Palinesque action. In fact, it could drop to a dollar or less (excluding taxes). It seems unthinkable only because of our current conditioning.


31 posted on 08/21/2011 7:01:03 AM PDT by RobRoy (The US today: Revelation 18:4)
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To: Lazlo in PA
So we fully exploit our own natural resources of oil (which is huge) and gas prices go down to $2.00 p/gal. How long will it take for every taxing authority in our country to jump into the mix and raise their local taxes on fuel?

It would be interesting to view the taxation on a barrel of crude oil from its origin, through pipelines/shipping and refining process, to the consumer price at the pump. I agree that a reduction in per gallon price is feasible, but will require a freeze on increased taxation if not a reduction. Can this happen? Sure, right after Obama publicly apologizes for his incompetence to the American people.!

32 posted on 08/21/2011 7:46:07 AM PDT by fuzzthatwuz
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To: Tolerance Sucks Rocks

A very foolish pledge because the price of gasoline depends on supply and demand considerations that government cannot, and should not, control. If she does all the right things and the price of gasoline is, say, $3.00/gallon — maybe because the economy is booming or there has been supply disruptions in the Middle-East — she’s going to come under pressure to blame oil companies, impose price controls, restrict demand, an all the usual socialist snake oil.


33 posted on 08/21/2011 8:21:59 AM PDT by Socon-Econ (Socon-Econ)
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To: Lazlo in PA

Step 1.) Authorize Drilling
Step 2.) Subsidize Drilling (You don’t think they’re gonna front their own profits do you?)
Step 3.) Do some exploratory drilling
Step 4.) Determine that the best oil is under inhabited land and apply for Emminent Domain
Step 5.) Forcibly remove the “citizens” foolishly holding up property by having bought homes where the oil companies want to drill.
Step 6.) Wait 5-7 years for Exploratory drilling to pay off (Or until the research subsidies run out)
Step 7.) Pay subsidies to build processing plants (They’re surely not going to use their own profits you know).
Step 8.) Revoke collective bargaining rights for plant workers so the Oil companies can keep their labor costs in line with what they pay in 3rd world counries.
Step 9.) Realize after 12 years that US output does not significantly impact worldwide supply and as a result does not impact price.
Step 10.) Try to play catch up with all the countries that started to shift to alternative energy 10 years back.


34 posted on 08/23/2011 8:02:24 AM PDT by FatherStorm (Lurking the back corners of the internet since 1990)
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