At least Newt has a goal to lower prices. I think its despicable that Obama, Romney and Santorum don’t.
Because increasing supply couldn’t possibly make the price go down.
Crude oil globally is tied to the dollar so as long as Obama keeps printing “free” money crude oil will remain high as Obama continues to weaken the dollar. It ain’t rocket science.
Yeah - it’s time we get our own resources and stop this pandering to the Arab nations - it only drives terrorism and the jihad mindset worldwide...
Where would Saudi Arabia be today? - or for hat matter - any of those Arab nations without the development of oil production by European and British nations in the late 1800’s and early 1900’s???
Sometimes we create our own monsters...it’s time we think rationally and stop the chaos and stupidity!
This ass doesn’t know what he’s talking about. In the later years of the Bush Presidency, he opened up more federal lands to drilling which directly led to a $1.79 gas price. obama has increased the cost by denying drilling on most federal land and stopped drilling on the offshore.
Has Newt been convicted of not being Ron Paul?
I’m a little surprised at Bailey, who has written great stuff on regulation vs. productivity for 20-odd years, and I’ll wade through his arguments. But it seems to me that just because oil ain’t natural gas doesn’t mean that events that will affect future supplies of a commodity—such as freeing up exploration—don’t affect the current price. We know they do.
Fracking shale gas. I wish I had a fracking gas generator so I could have fracking cheap electricity. Fracking Michelle Bachmann made a promise like this a while back, and it fracking made me wanna puke. Somehow though, when Mr. Newt says it, I tend to believe it. This fracking guy writing the fracking arcticle is fracking full of shale gas.
If we switch to using nuclear power and coal to power our generators, drill everywhere we can, STOP speculators from gambling on the price of oil and revive our economic base by bringing jobs back to America, thus increasing the value of the dollar, YES. This CAN be done.
This writer is the liar. First, he deliberately repeats the Obama statement that Gingrich is “lying”.
Next, he recognizes supply and demand control prices, yet he claims nothing we do can affect supply.
He even throws in a call to go easy on Iran. Why? Oh because oil supply everywhere else matters but not here.
To have cheaper gas you need more local supply and more local refining.
This in a magazine that calls itself "Reason"???
And they say drug use is a victimless crime.
This article is written with 8th grade language and 5th grade reasoning. And they call it “Reason” Magazine? Hardly.
Start more drilling here. As that grows and we are less dependent, we can tax that growth and actually lower the tax back (and even less) to where it was before Bubba upped it.
Can someone please explain why gas prices only rose to $4.18 average in 2008 with oil going for $147 at that time, yet now gas is getting to the same range with oil @ $105 right now?
Was this article written by Obama? Lies and darn lies.
“increased markedly in recent years.” On PRIVATE land. On gubmint land, which is most of the available land, it is WAY DOWN. This is just smoke and mirrors.
All of Newt's ideas would drop the price immediately! Just the news of these policies would cause prices to drop, before one drop more of oil is pumped.
Not to mention that we could be 100% off oil from bad actor countries. We could get all of our energy from North America FOREVER! Obama says 2% of world supply. NONSENSE! With new procedures and discoveries we have more proven reserves than anyone! Our oil is “sweet” as compared to mid east SLUDGE.
Peak oil is a myth. New oil is being created by the earth's magma every day. We will NEVER run out of oil. Due to technology and scientific advances, our need for fossil fuels will diminish over time. E-Cat for one.
Let's STOP giving billions of dollars to Muslims who want to destroy us and crazy dictators who are totally unpredictable. A STABLE domestic supply of energy will create jobs and economic prosperity never before seen.
Not to mention COAL and NUCLEAR (or nucular for some of you). No dish towels or fan belts required to produce energy from these two sources, of which we can have unlimited supplies.
Enough with the wind mills, ethanol, and solar. They don't work at scale, don't work 24/7, they have HUGE footprints, not cost effective, and totally unnecessary.
He appears to be a major player in various international and North American energy policy advisory groups.
This was interesting from his bio:
“Advised the Secretary-General of OPEC on long-term oil prices”