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Gas Prices: There's Not Much That Presidents Can Do About Them [NBC Carries Obama's Commode Again]
NBC via CNBC ^ | October 18, 2012 | Nameless Liberal Hack (no attribution)

Posted on 10/18/2012 8:42:50 AM PDT by SoFloFreeper

When you pull up to that gas pump and nearly faint from how much it costs you to fill 'er up, you may be tempted blame the government for not doing enough to keep a lid on prices.

Resist the temptation. The truth is the global nature of the world's energy supply means that no president has much power over what you pay at the pump...

That was the opinion of a group of economists polled by the University of Chicago Booth School of Business earlier this year. Asked if changes in U.S. gasoline prices over the past 10 years have predominantly been due to market factors rather than U.S. federal economic or energy policies, not a single respondent disagreed.

(Excerpt) Read more at m.cnbc.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: 2012; bias; gas; gasprices; media
Oh look, the "journalist" who cranked out this crap even defends Obama's ridiculous debate statement:

" U.S. demand for gasoline peaked in 2007 and has been declining steadily since then. Part of the reason, as Obama mentioned in Tuesday’s debate, is that the recession cut into demand for energy. But gasoline consumption is also falling because the cars and trucks are becoming more fuel-efficient. Obama cited his administration’s efforts to drive fuel efficiency standards higher."

Garbage, yellow journalism....refusing to hold the friggin' communist in the Oval Office accountable. His OWN WORDS about his energy policy prove that he WANTS ENERGY PRICES TO BE HIGH.

Whoever wrote this crap ought to be fired.

1 posted on 10/18/2012 8:42:56 AM PDT by SoFloFreeper
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To: SoFloFreeper

This is more about not having the government try to raise the price of gas than it is about the government trying to lower the price of gas.
They simply don’t understand this thing called ‘supply’


2 posted on 10/18/2012 8:47:37 AM PDT by ari-freedom
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To: SoFloFreeper

Gas Prices: There’s Not Much That DEMOCRAT Presidents Can Do About Them

Fixed it.

Big Media was DEMANDING that GW do something about it when he was president.

FU Big Media!


3 posted on 10/18/2012 8:48:55 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: SoFloFreeper

Take the 18.4% tax off the gallon for a starter. The money will go to purchase goods BECAUSE it’s like money found. Purchases produce jobs for people who will pay taxes....etc...etc. We cannot be a three item economy.


4 posted on 10/18/2012 8:49:21 AM PDT by Sacajaweau (r)
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To: SoFloFreeper
the University of Chicago Booth School of Business

A festering sore of Marxism on Chicago's south side. Has been one for generations!

5 posted on 10/18/2012 8:49:30 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: SoFloFreeper

‘...group of economists polled by the University of Chicago”

Stopped reading right there.


6 posted on 10/18/2012 8:51:54 AM PDT by Rennes Templar (I'm starting a business. Who's going to build it for me?)
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To: SoFloFreeper
Gas Prices: There's Not Much That Presidents Can Do About Them

Oh, really? Then why all the wailing and gnashing of teeth when Bush was in office and families were "struggling to get by" when gas was $2/gallon????

7 posted on 10/18/2012 8:54:09 AM PDT by RMDupree (I'm not really here.)
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To: SoFloFreeper

Presidents apparently can ban off shore drilling.

Supply AND demand.


8 posted on 10/18/2012 8:54:52 AM PDT by sf4dubya (I rebelled against my parents by becoming a conservative. REJECT THEN STOP SOCIALISM THIS NOV!)
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To: SoFloFreeper

Obama’s explanation of why gas prices are high now was beyond a joke, it was (from an economics standpoint) perhaps the most ignorant thing I’ve ever heard a person say—and he’s the president! I thought “My God! Is that really his depth of economic understanding?”

He’s not even at the econ-101 level, because anyone that had actually completed a course in economics-101 would know what he said was complete rubbish.


9 posted on 10/18/2012 8:56:12 AM PDT by Brookhaven (The Democratic Party has become the Beclowning Party)
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To: Sacajaweau
Take the 18.4% tax off the gallon for a starter.

The Federal Gasoline Tax is 18.4 cents per gallon, not 18.4 percent.

http://www.api.org/Oil-and-Natural-Gas-Overview/Industry-Economics/~/media/Files/Statistics/gasoline-diesel-summary.ashx

10 posted on 10/18/2012 8:59:52 AM PDT by thackney (life is fragile, handle with prayer)
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To: SoFloFreeper
If a bad economy caused the low gas prices for most of Bush's two terms, why did it spike way up in for a couple months the fall of in 2008?

The economy was far better under Bush and gas prices were low, under O’vomit the economy sucks, but gas prices have been high his entire term.

11 posted on 10/18/2012 9:11:16 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: Beagle8U

Barak Obama wanted $5.00/gal gasoline at the pump. Seems he has pulled the levers of power quite effectively. COL(Cry out loud)


12 posted on 10/18/2012 9:15:11 AM PDT by stocksthatgoup (ZERO DARK THIRTY (coming soon to an embassy near you))
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To: Beagle8U

Barak Obama wanted $5.00/gal gasoline at the pump. Seems he has pulled the levers of power quite effectively. COL(Cry out loud)


13 posted on 10/18/2012 9:15:15 AM PDT by stocksthatgoup (ZERO DARK THIRTY (coming soon to an embassy near you))
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To: SoFloFreeper

I predict gas prices will begin to drop immediately after Romney is sworn in. OPEC knows how much fuel the US can produce when pro energy policies kick in.


14 posted on 10/18/2012 9:18:27 AM PDT by pallis
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To: SoFloFreeper
Is Obama to Blame for High Gas Prices?

The Great Ethanol Scam

15 posted on 10/18/2012 9:21:03 AM PDT by Heartlander
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To: SoFloFreeper
Gas Prices: There's Not Much That Presidents Can Do About Them*

* Unless they are are Republicans. Then, the President is EVIL for gouging us PERSONALLY with PURPOSEFULLY high gas prices meant to ENRICH the FAT CAT OIL COMPANIES.

16 posted on 10/18/2012 9:23:28 AM PDT by Lazamataz (CNN's Candy Boo Boo Child hosed the 10/16 debate. What an Obama-licker!)
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To: stocksthatgoup

Correction. Obama and his Secretary of Energy want $10/gallon gasoline.


17 posted on 10/18/2012 9:43:00 AM PDT by Pecos (Double tap: the only acceptable gun control)
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To: SoFloFreeper
you may be tempted blame the government for not doing enough to keep a lid on prices.

Resist the temptation.

This much of the article is actually rational and intelligent. The problem isn't that the government isn't doing enough, but rather that the government is interfering too much. Get rid of the artificial government imposed barriers to production. Get rid of the government imposed additives and special blends and ethanol requirements. Allow the market to allocate resources efficiently and allow for domestic drilling. Allow a few new refineries to be built. If the government would do less on the restriction side, we could increase supply, reduce our dependence on foreign oil, and drive down prices.

It is true that government can do little to influence oil and gas prices, but the answer is government needs to do much less -- and get out of the way -- rather than more.

18 posted on 10/18/2012 9:52:30 AM PDT by VRWCmember
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To: Pecos

THE SOCIALIST LEFT infested in the MSM are going right down the crapper with THE FOREIGNERS REGIME. Gas prices are based on whats happening in the market. If you have a regime that restricts drilling to increase supply. Over regulates production. Hire people in their administration who are anti oil and over regulators based on warped ideological AGW believes you will get exactly what we have today. $4.00 gas.


19 posted on 10/18/2012 9:53:33 AM PDT by spawn44 (MOO)
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To: Rennes Templar

what a load of baloney.

They don’t even consider the fact that the price of oil per barrel doesn’t move that much, what has moved is their dumb economics of printing and flooding the market with fake $$, which over O’s term has devalued our dollar to near half of what it use to be.. Devalued $ means that we pay more for Imports, that wouldn’t effect us so much if we drilled most of our own oil.. how is it not O’S fault ?


20 posted on 10/18/2012 10:00:49 AM PDT by dayna134
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To: VRWCmember

Of course you make a good point!

But as I read it, the point you make was not the purpose of the article, though...the purpose is clearly to exonerate Obamugabe...Obamugabe’s POLICY is to degenerate oil and coal production and “punish” those industries.


21 posted on 10/18/2012 11:01:33 AM PDT by SoFloFreeper
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To: SoFloFreeper

Part of my point was that only 1.5 lines of the article had any validity. In that smal portion of a sentence, the article unwittingly points out that the only thing the government can to to have a positive influence is to get out of the way. Anything the government tries to do to actively have a positive effect will be ineffective at best. That is absolutely NOT what the author is attempting to accomplish in the article, but the author nonetheless did stumble onto one valid point.


22 posted on 10/18/2012 11:17:38 AM PDT by VRWCmember
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To: SoFloFreeper

And many carry the commode of bipartisan, socialist, globalist foreign and domestic enemies of our USA.

For over thirty years, our manufacturing has been handed to communist nations with populations amounting to billions. There are at least many hundreds of thousands (more likely millions) of new drivers in those areas every year. More fuel is also needed for increasing manufacturing in those countries.

Better, nonpolitical Americans: avoid buying anything that you don’t really need. Become more self-sufficient each month while learning to manufacture something useful as a hobby for now.


23 posted on 10/18/2012 11:24:10 AM PDT by familyop (We Baby Boomers are croaking in a thunderous avalanche of rottenness smelled around the earth.)
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To: SoFloFreeper; All

24 posted on 10/18/2012 11:30:43 AM PDT by skinkinthegrass (WA DC E$tabli$hment; DNC/RNC/Unionists...Brazilian saying: "$@me Old $hit; w/ different flie$" :^)
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To: SoFloFreeper

Did NBC run these stories during the Bush years or just repeat the DNC talking points about “oil men in the White House” and “wars for oil?”


25 posted on 10/18/2012 12:01:32 PM PDT by newzjunkey (Osama's dead... and so is our ambassador - Coulter.)
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To: Beagle8U
the low gas prices for most of Bush's two terms

What do you consider low?

Image and video hosting by TinyPic

26 posted on 10/18/2012 12:39:06 PM PDT by thackney (life is fragile, handle with prayer)
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To: dayna134
They don’t even consider the fact that the price of oil per barrel doesn’t move that much

What??? Oil moves more than the price of gasoline.


27 posted on 10/18/2012 12:44:36 PM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

Your chart shows that most of Bush’s term was around $2 or less.

That is low compared to O’vomit.


28 posted on 10/19/2012 4:15:33 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: Beagle8U

That should be 2-3 $.


29 posted on 10/19/2012 4:19:10 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: Beagle8U

So you consider $3 a low gasoline price?


30 posted on 10/19/2012 7:03:21 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

I think the average for Bush’s 8 years is closer to $2.50, but even $3 would seem cheap now.


31 posted on 10/19/2012 8:15:42 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: thackney

The Bush average was under $3.


32 posted on 10/19/2012 8:19:27 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: SoFloFreeper; Beagle8U; thackney
Morning Bell: Why We Aren’t Producing Enough Domestic Energy

Key statement near the end of the article:

While the federal government makes energy production difficult or impossible on federal lands—as it has done under the Obama Administration—private lands can provide much-needed energy resources and economic revitalization. All government needs to do is get out of the way.

33 posted on 10/19/2012 8:39:20 AM PDT by VRWCmember
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To: Beagle8U

Yes it was.

It is my opinion, that most people don’t consider $3 or $2.5 “cheap gasoline”.

When you referenced the gasoline price during the Bush Administration as cheap, it sounded like a description most people would not use.


34 posted on 10/19/2012 8:46:41 AM PDT by thackney (life is fragile, handle with prayer)
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To: Beagle8U

Sorry, I just realized I changed wording from your original “low price” to “cheap price”. You did not say cheap, you said low. My mistake, sorry.

I think my point still stands, most people don’t consider that low, except maybe people who started driving 2005 or later.


35 posted on 10/19/2012 8:50:42 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney
So you consider $3 a low gasoline price?

Other Freeper stated that for most of the Bush administration gas prices were low. You posted a chart that showed gas prices over the course of the Bush administration.

From 2001 through all of 2003 and most of 2004, gas prices were below $2.00 (except for two very brief spikes in 2004). From 2005 gas prices were below $3.00 except for a brief spike that barely topped $3.00 and then dropped sharply back down well below $2.50, and in 2006 prices trended up to and stayed right at $3.00 for a few months in the late spring and summer before trending back down to well below $2.50 at the end of 2006. At the beginning of 2007 -- when the Pelosi/Reid Congress took control -- gas prices were a about $2.25. During the last two years of the Bush Administration, when the Pelosi/Reid Congress blocked Bush's agenda and forced through stagflationary federal minimum wage legislation as its only "accomplishment", gas prices trended steadily upward peaking above $4.00 in mid 2008. Prices dropped sharply in the second half of 2008 as Bush relaxed off-shore drilling moratoriums through executive order and were once again below $2.00 when Zero took office in January 2009.

So what exactly is the basis for your challenge of "So you consider $3 a low gasoline price?" The data you posted shows that to be an invalid challenge to the other FReeper's post.

36 posted on 10/19/2012 9:05:23 AM PDT by VRWCmember
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To: thackney
It is my opinion, that most people don’t consider $3 or $2.5 “cheap gasoline”.

When you referenced the gasoline price during the Bush Administration as cheap, it sounded like a description most people would not use.

I've been driving for over 30 years, so I remember paying less than $1.00 per gallon. I would not consider $3.00 per gallan gasoline "cheap", and I would not really even consider $2.50 per gallon to be cheap. I would however consider around $2.00 or less to be "cheap" now because inflation has pushed much of what 30 years ago was $1.00 to well over $2.00 now. We will never get back to truly "cheap" gasoline, but if government will get out of the way and allow supply to get to efficient market levels we can at least get it back to reasonable market prices, and that I would eagerly welcome.

37 posted on 10/19/2012 9:13:04 AM PDT by VRWCmember
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To: thackney
No problem.

When you compare Obama’s all high and rising to the prices under Bush, it is still much lower.

On a side note...

We talked before about propane prices, I'm paying $1.10 a gal.

That is about half what people are paying if the rent a tank.

38 posted on 10/19/2012 9:15:41 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: VRWCmember
So what exactly is the basis for your challenge of "So you consider $3 a low gasoline price?"

The original poster referenced "the low gas prices for most of Bush's two terms".

I do not believe most people consider the gas price for most of Bush's two terms to be a low price.

I think when we make those type of statements, overstating the past to criticize the present, we diminish our argument.

There are plenty of actions related to energy and gasoline in specific to criticize Obama, both in his direct actions and those he chose for his administration. I suggest we would best be served by by focusing on those.

39 posted on 10/19/2012 10:09:50 AM PDT by thackney (life is fragile, handle with prayer)
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To: VRWCmember
I would not really even consider $2.50 per gallon to be cheap.

Me neither.

$2.50 was my breaking point. I traded my 1/2 hour drive in my 12 mpg Bronco to a longer bus ride when prices hit $2.50. I do not remember ANYONE at that time who would have called $2.50 anywhere near a low price.

That was my point. It is lower than today. But I think we would do more to convince others of without trying to claim that as a low price.

(Eventually I gave up on the bus. I got too busy with some projects to justify the time vs dollars cost/savings.)

40 posted on 10/19/2012 10:15:30 AM PDT by thackney (life is fragile, handle with prayer)
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To: Beagle8U
That is about half what people are paying if the rent a tank.

I am guessing that is a function of having a choice over who you purchase from, versus buying from the owner of the tank. But I am only guessing; it can make a significant difference where you live and the choices available.

41 posted on 10/19/2012 10:18:12 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

My dealer said it is because I own my tank, all the dealers sell it cheap if you have your own tank.


42 posted on 10/19/2012 10:25:06 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: thackney
That was my point. It is lower than today. But I think we would do more to convince others of without trying to claim that as a low price.

On the other hand, since the price of gas has been CONSTANTLY ABOVE $3.00 per gallon for the last 21 months, and has been close to or above $4.00 per gallon for significant periods during that time, it is still comparatively accurate to say that the conditions during MOST of Bush's time in office led to low gas prices.

43 posted on 10/19/2012 10:31:41 AM PDT by VRWCmember
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To: VRWCmember

Comparatively would mean lower. That is not the same as low.

I’m done beating this horse; it is past due for the glue factory.

Cheers and God Bless


44 posted on 10/19/2012 5:08:06 PM PDT by thackney (life is fragile, handle with prayer)
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