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Gingrich woos with prospect of $2 gallon gas
Money.com ^ | February 20, 2012 6:05 PM ET | BRIAN BAKST

Posted on 02/20/2012 5:52:44 PM PST by Red Steel

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To: Red Steel

I see many people here really don’t understand economics.


61 posted on 02/20/2012 6:30:46 PM PST by Red Steel
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To: thatjoeguy
We never will see gas that low again.

The oil industry and energy in general is not a free market. Republicans want high energy prices too. Just for different reasons.
62 posted on 02/20/2012 6:32:26 PM PST by Minus_The_Bear
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To: DaxtonBrown
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.
63 posted on 02/20/2012 6:33:54 PM PST by WorkingClassFilth (I'm for Churchill in 1940!)
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To: WorkingClassFilth

I am sure what I am about to write will be beyond your ability to comprehend, but I will write it for those who can absorb it. I believed in Newt THUS I write on his behalf - NOT the other way around. I doubt you can comprehend that.

Second, he is not predicting a price structure. He is talking about the natural course that a truly free market would take when a dramatically increased supply meets the current demand curve. Please have an adult you know translate what I just told you, all of which is absolutely correct and true.


64 posted on 02/20/2012 6:34:06 PM PST by C. Edmund Wright
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To: Red Steel

It is entirely possible. Drill baby drill. More natural gas. Nuclear energy. In fact all forms of energy. That will take the demand off of oil and the price will drop. Quite simple really. Just a matter of supply and demand. GO NEWT GO!


65 posted on 02/20/2012 6:34:32 PM PST by Parley Baer
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To: C. Edmund Wright; All

Having a conviction is one thing, but using filthy language is still filthy language. That guy Calling Newt that name is unacceptable.

People, could we please stop using filthy language - surely points can be made without that.


66 posted on 02/20/2012 6:34:58 PM PST by Marcella ((Newt will smash Hussein in debates. Newt needs money.))
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To: bigdaddy45

Hearing no reply, one assumes that there wasn’t a credible one available.
“;^)


67 posted on 02/20/2012 6:35:06 PM PST by Past Your Eyes (Suffering fools is hard work and there's no end to it.)
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To: Minus_The_Bear

It wasn’t that long ago when the average gas price was $1.84/gallon.

http://biggovernment.com/bshapiro/2012/02/14/average-gas-price-at-obamas-inauguration-1-84-per-gallon/


68 posted on 02/20/2012 6:36:31 PM PST by Red Steel
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To: RIghtwardHo
How is it BS. Supply and Demand, compounded with a weak USD, Global tension in the Middle East.

Newt can Increase our consumption of Non Arabian Oil(ANWR and Canadian Oil).

Strength the USD(Reduction of Debt as a Percentage of GDP).

Quit coddling the likes of Iran(Just git our of Israel way).

Incidentally It is estimated that the current Iran mess is adding .50c upward to the price of gasoline.

There latest refusal to sell Oil to Europe may push the price of US gas to over $4.00.

69 posted on 02/20/2012 6:36:31 PM PST by Bailee ( Pray for your salvation and a miracle, Prepare for the end of the USA.)
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To: Parley Baer

Republicans are currently writing in big subsidies to George Soros & Boone Pickens for natural gas. No new exploration... just current plays. Just like they did with ethanol.


70 posted on 02/20/2012 6:37:41 PM PST by Minus_The_Bear
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To: Jane Long

Oh, we can agree that gub’mint can mess things up for the private sector. However, prognostications about how gub’mint, single-handedly, will straighten things out is flatulence - plain and simple.

The only education needed for economic clarity here is one which includes the whole of the matter. Newt’s version is equally flawed and calculated to drive the bleating sheep into his centrist corral.


71 posted on 02/20/2012 6:38:13 PM PST by WorkingClassFilth (I'm for Churchill in 1940!)
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To: Red Steel

[I see many people here really don’t understand economics.]

I’ll say. There have been some pretty ignorant statements. The price of gas is determined by three elements:
1) resource availability and price of extraction and transportation
2) government regulations and taxation
3) the monetary base as governed by the Federal reserve

No president has much control over number 1). However, I beleve Gingrich could positively affect number 2) and 3) making his promises obtainable.

I know you know this, it is for the ignorant masses.


72 posted on 02/20/2012 6:40:06 PM PST by DaxtonBrown (http://www.futurnamics.com/reid.php)
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To: Red Steel

I could go for $2.00 gas. That would mean we could now get 93 octane in Oklahoma and 700hp muscle cars from the auto makers. And best of all, we could fill up the junkyards with Volts.


73 posted on 02/20/2012 6:41:05 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: RIghtwardHo
Clinton $.88-$1.29
Bush $1.29 [9/11/wars] gas soared, but when he left office] $1.79
Obama $1.79 ----- where will it land before Nov election? Never say Never..

http://gasbuddy.com/Crude_Chart.aspxz

Obama announced recently that drilling would resume in the Gulf; however he had to have known that many rigs had left for other places and it could take 3 months to return if ever. He again knew his words were running on empty, just like many motorists trying to put off filling up.

Obama's ongoing snub of the Keystone, again; gave the Arabs the thumbs up we would remain dependent on the Middle East.

Sometimes, I think Obama is playing for another team, other than Team USA.

74 posted on 02/20/2012 6:41:56 PM PST by fight_truth_decay
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To: C. Edmund Wright

Mighty tall words for an acknowledged Newton apologist. Trust me, Ed, I can read and write and understanding your posts is easy enough.


75 posted on 02/20/2012 6:42:49 PM PST by WorkingClassFilth (I'm for Churchill in 1940!)
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To: Marcella

True that- and I would add that the blithering ignorance of how the free market works is also unacceptable for this forum IMO.


76 posted on 02/20/2012 6:43:22 PM PST by C. Edmund Wright
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To: WorkingClassFilth

You’ve demonstrated nothing but a kindergarden understanding in this thread tonight.


77 posted on 02/20/2012 6:44:38 PM PST by C. Edmund Wright
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Comment #78 Removed by Moderator

To: RIghtwardHo
We all know that’s BS.

Who is this "we," Kimosabe?

79 posted on 02/20/2012 6:46:52 PM PST by M. Thatcher
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To: C. Edmund Wright

Your insights have crushed me. I apologize. Please continue your enlightenment; the masses need to know more about the sterling qualities of Newton.


80 posted on 02/20/2012 6:49:40 PM PST by WorkingClassFilth (I'm for Churchill in 1940!)
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