Skip to comments.HOW TO RETURN TO $2.00 A GALLON GAS
Posted on 03/15/2012 7:53:42 AM PDT by Jeff Head
You know what, I am sick of hearing all of the endless wrangling by the major news media and politicians (particularly of the liberal variety) regarding the price of gas.
Yesterday I heard some so-called oil and gas expert on a talk show. He was a guest and clearly an Obama supporter. He launched into this protracted explanation of the price of gold, the value of the dollar, OPEC, the world market and China's purchasing, etc., etc. to explain why the price cannot come down and how anyone saying it can just doesn't understand the market or the way oil "works."
The explanation was so convoluted it was rediculous, he kept saying, "Now hang with me, I know this is not easy to understand," and, "I know this will not be easy to folow, there's a lot involved and I will try and walk you through it," and "this is complicated, there's no wonder everyone is making mistakes about it."
I finally just changed the channel.
Here's the deal.
Four years ago the gas prices went up. All of the same parameteres, POEC, the devalued dollar, China's use, the world market, etc. were in place at the time. Four years ago these same people said the price of oil and gas would not be coming down any time soon. (Hmmm seems like we've heard this same song and dance every few years).
Then President Bush (who unlike the current occupant of the White House actually understood oil and gas very well) simply stated that the US would immediately open up its drilling off shore, working the shales and the sands, working the ANWR and in the Dakotas.
...and everyone knew he meant it. He immediately began doing it and things started popping to make it happen.
Yes it was going to take years for those particular efforts to produce new oil (...but not ten years).
But guess what? It did not take years for the price to be impacted. No sir. Within months.
The Saudis and OPEC met and immediately reacted by cutting their prices. You see, it's simple to understand. They are floating in oil. Oil the western companies discovered and developed and then were given to them by Carter and other US Presidents and western leaders. Despite that, we were their major long term buyers, and remain so to this day. They do not want us to be capable economically of developing new sources that will make us independent of them.
So they lowered their prices...dramatically.
WITHIN SIX MONTHS THE PRICE OF GAS WAS WELL BELOW $2.00 A GALLON!
...and going down.
That was four years ago, in 2008.
Then Obama was elected.
|< AND THIS TURNED INTO THIS >|
Pretty simple and direct comparison. Here's what happened.
Obama stopped all of that research and development on federal lands. He turned it off (except on private property where he couldn't...but he is trying to over regulate them and make it harder). He visited the Saudis, and if you remember, he bowed to the Saudi King. The Saudis were happy as were the other members of OPEC and the price climbed, and is still climbing, now back and past the price where it is was before Bush initiated the exploration, development, and drilling on all of those lands.
Most of us do not have such short memories as the politicians, the major media and the leftists want to imagine.
Today, right now, if we had a President, an administration, and a Congress with any spine or true concern about American strategic long term interests, we would do the same thing we did in 2008, except this time we would mean it and make it stick permanently.
If we did, like in 2008, the Arabs would lower prices which we would gladly take...right up until our own new oil and gas came on line. Then our own companies could produce it in abundance (we now have proven reserves doubling what all of the Arabs have together) and we would be able, IMHO, to do so for less than $2.50 a gallon...probably closer to $2.00 a gallon. And we would once and all break this foolish dependence on foreign oil for our needs.
So, next time you here the hogwash like I heard on the radio, remember what happened four years ago before Obama came along.
...and write your reps and tell them all abouit it. I have.
...and for some light reading, for times when you want to take a break, here's what I do to spend those down times:
Four years ago we went through the same thing with one eception...we had a President then who knew the dynamics and operations of the oil and gas market and who made an immediate difference.
One good start is to stop putting Ethanol in our gas.
Well stated. I agree 100%.
FYI...my take and reflections on four years ago regarding gas prices.
It seems like they keep finding more oil every place they look- and the supplies we are using don't seem to be drying-up, some scientists seem to think they are replenishing themselves (i.e. oil is NOT really old dinosaurs)
What we did four years ago had immediate impact on the price because the Cartel did not want to be threatened and immediately reacted. we could do the same today and within six months we would be below $2/gallon.
We desperately need the Marxist, Obama, out of there for this and an entire host of other reasons that are similarly negatively impacting the nation.
We can...all we have to do is develop the vast resources we have in the ANWR, off our coasts (whcih the Chinese are already drilling outside our territorial waters), the oil shales, the vast fileds in the Dakotahs, etc.
All of this has already proven to be a lot more than all of the Arab countries combined. More than enough for us not only to be energy independent and provide the time needed to truly develop future sources, but would allow us to be the major exporter of oil and gas in the world.
We just need the will. The will of the people to put in office leaders with the will to do it.
I pray to God in Heaven we will here in 2012.
Gas prices dropped that low in late 2008 when the entire stock market crashed, and world demand for oil dropped dramicatically. Trying to repeat GWB’s success in that might cause some other problems.
President Bushs Speech to the Nation on the Economic Crisis (TARP Speech) September 24, 2008
Going after Obama for his anti-domestic energy policies is critical but the story above might need some fine tuning to be believed.
Jeff Head for President
AMen.! Spot on.
Beyond the economic and independence arguments, which are good ones, there’s also the fact that oil money, by and large, sponsors terrorism and jihad.
If OPEC lowers their prices (as they would most certainly do), that’s less money for mayhem.
It also wouldn’t be a bad idea to legislate that all gasoline tax money must go directly to road maintenance. I’d go so far as to eliminate new road construction coming out of this fund, but definitely eliminate railroad/transit subsidies, general fund disbursements, etc. Our roads and related infrastructure need help and the gasoline tax is where the money should come from.
The prices were on the way down before the crash...and the crash was principally a financial crisis brought on by the Housing crash which, IMHO, was engineered by the democrats themselves.
Obama tied to the Economic Crisishttp://www.jeffhead.com/http://www.jeffhead.com//obama/communityorgan.htm
Watch the video linked there, “Burning down the House,”...it explains the crash very well.
Well said. We just need to elect the people who will do it...and that’s on us.
I believe, depsite all the hand wroinging, that the American people are sick and ttired of this anti-American prsident and his policies.
I hope and pray it results in a route in 2012, that he and the vipers with him are routed out of office and sent packing on a rail.
However, notice how they always say "when Zero took office, gas was..."?
That's because gasoline prices crashed in 2008 along with the stock market. When Zero was running for office, we had $4/gal gas when oil hit $140/bbl, and Zero was blaming Bush and his 'oil baron cronies.'
It is unrealistic to expect to return to $2/gal, unless you also expect to return to Dow 8500.
Sure would be great to get control of government once again, especially with the TEA Party still in place to hold pubbie feet to the fire.
Great information, Jeff. Too much truth for some folks. People should be informed and reminded of this every chance we get.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.