Skip to comments.Gingrich woos with prospect of $2 gallon gas
Posted on 02/20/2012 5:52:44 PM PST by Red Steel
TULSA, Okla. (AP) - Republican presidential candidate Newt Gingrich is dangling the prospect of gas as low as $2 a gallon if he's elected.
The former House speaker has spoken in the past of gas dropping to $2.50 a gallon under a Gingrich administration. Monday's prediction, coming as Gingrich campaigned in Oklahoma, contrasts sharply with rival Rick Santorum, who told an Ohio audience that big-city Americans should brace themselves for $5-a-gallon gas.
Both candidates are citing new sensitivity over rising pump prices to push for relaxed regulation on domestic oil production.
According to AAA's daily fuel gauge, the national average Monday for a gallon of regular gas was $3.56.
Gingrich and Santorum have been highlighting oil exploration in North Dakota and slamming the Obama administration for delaying a Canada-to-Texas oil pipeline.
Republican presidential candidate Newt Gingrich dangled the prospect of gas as low as $2 a gallon if he's elected, playing off voter angst about rising prices at the pump.
The former House speaker has spoken in the past of gas dropping to $2.50 a gallon under a Gingrich administration. Monday's prediction came as Gingrich campaigned in Oklahoma, where the oil and natural gas sector is vital to a bustling state economy.
"With Gingrich policies, what we know is we will dramatically expand our independence in the world market, dramatically expand our capacity to produce energy without regard to our foreign potential enemies and in the process prices will clearly be a lot lower," Gingrich said. "Now, I picked $2.50 as a stabilizing price for capital investment reasons. It could easily go down to $2."
According to AAA's daily fuel gauge, a gallon of regular gas was approaching $4 in some places and even topped it in California.
(Excerpt) Read more at money.msn.com ...
That was 42 years ago.
Seven or eight years ago gas was around $2, 2.25 a gallon. Now it's TWICE AS MUCH (while everything still costs close to the same, nothing near doubling in price, like gas). Gas prices are soaring for geo-political and environmental reasons manufactured for political expediency.
Other prices have remained relatively stable. Gas has leaped, and always predictably. Increase supply, and the price will go down and the econony will prosper.
Shutting down an economy by fiat intervention is not a test of economic beneficence. Growth is an entirely different matter. Predicting, for political purposes, a fixed price for gas by dint of promised Presidential policy is grandstanding - pure and simple. If you think it is gospel, well, I’m not the only dummy on this thread.
“If you seriously think that effective energy policy is going to come out of DC and that they will do their Constitutional duty to foster free enterprise without statist controls, youre beyond intellectual redemption.”
Some of us actually think this country can still be saved. That why we are supporting Newt. What are you doing here?
I went to Giant State U, with a degree in Computer Science, and went to mid-sized Private U, with a Masters Degree in a management discipline.
I’ve written nothing on the subject. Al Gore has written a couple of real nifty books on Climate Change (and even managed to go to *gasp* Harvard), and I would feel very comfortable debating client change science with him.
Newt offers solutions and possibilities. Santorum offers nothing.
I see from this thread that the followers of Saint Ricky are very nervous about the possibility that the voters will listen to Newt.
Oh well, Santorum may very well win the nomination, but there will not be any forward movement.
I will thank him for stopping Romney, but will damn him for giving Obama another 4 years.
President Newt Gingrich—”Our beloved republic deserves nothing less.”
The only problem is that demand is growing at an increasingly rapid clip because 2 billion Chinese and Indians figured out... “Hey!! We can have cars too!!”, and all the easy-to-get oil has been found. This isn’t like growing corn where you just plow another field.
Also, oil is just increasingly expensive to get out of the ground. Thats going to have a significant impact on how much its worth. There are many reasons why we’re not going back to the old days. An overly intrusive government certainly plays a role, but thats not all of the story.
If you think Newt is our salvation and nobody outside your camp loves America, well, there’s not much I can say about your thinking that you’d process.
Of course, Newt also talks (quite seriously) about colonizing the moon. Sometimes I get the impression the Republican field is the cast of Cheers, and he’s Cliff Clavin.
Newt is not our salvation. Newt at least has a plan, where is Mittens or Santorum. Our Salvation comes from above.
The problem is that America's government is prohibiting it from developing its own energy, among other things. It is MUCH of the story. There are a lot of alternative energies and as long as the free market is able to innovate ways to meet energy needs, energy is never going to be a problem. Human being are probably the single most adaptable creature on planet earth -- by the time we ran out of oil, we'd have figured out a viable alternative.
It's human nature.
Some nation, or alliance of nations, is going to colonize the moon. I'd kinda like it if was the same nation that put the first man on the moon.
“Oh well, Santorum may very well win the nomination ... I will thank him for stopping Romney”
And Rick will smile & answer, “you are welcome, mam. It sure was a dirty job getting rid of Willard the Lib!”
Gas was .299 in 1970 and my 50cc motorcycle held 1 gallon. A quarter filled it up and got me around all week.
OBambi is in a very tough spot. He won’t attack Iran because that would cause oil/gas prices to go up and that would doom his re-election chances, and, of course, IT IS ALL ABOUT HIM.
He will have a very tough time controlling Israel because, for some odd reason, they want to live.
OTOH, he hates the oil companies and will plow ahead with additional regulations thus putting added pressure on oil companies to raise prices.
The Dimocrat Senate hates private enterprise and especially oil companies so they’ll have another show trial soon in the bowels of the Senate to paint Shell, et. al. as ogres.
Poor Barry, what’s a clueless twit to do?
HAHAHA... cmon... REALLY??? Youre quoting your degree in Computer Science and the fact that you went to Giant State U?? On an anonymous internet chat board? What a hoot. Should we bow down?
I do this merely to point out in honestly answering my question you subject yourself to unwarranted ridicule of the same sort. Dismissing people as idiots on FreeRepublic can often backfire. Not always, but often.
So ? what is Newt going to do if and when Obama promises to lower gas prices with his October surprise to woo votes his way ?
i didnt get past about 60 replies, but some of em are greeeeaaaatt...
greengrinch is just like uncle bambam in his ability to heal the earth and make the rising gas prices halt and recede...
do any of these hero worshippers realize that ANWR has been stalled pretty much since noot went into lobbyi, er, ah, *consulting* and that the promise to abolish the EPA, or any other alphabet agency for that matter, has become a worn out attempt to rally guys like us ???
too bad he was all in greenhouse gas nancys couch, helping to pave the way for the crap he now says he can *fix* on day one...
BLOAT some more...
Imagine a country that can again dream of greatness. Children thinking of what is possible not occupied with the ravages of failure.
One mans dream can become the reality for others.
I was brought up in the 50’s. Life was an adventure, impossible things were seen as possible. Almost everything you touch today, came from the dreams of children that grew up and made them real.
We can not go back in time, but we can bring some of the good stuff back and hand it off to our children and grandchildren.
I will not damn a man that dreams of possibilities. Someday there will be a cure for Alzheimer’s and cancer, but only if our children are encouraged to dream and reach beyond.
This doesn’t answer my question. Do you believe that the Reid-Pelosi-Obama radical leftist anti-energy policies contributed to the high price of gas? And if so, in your estimate, how much have the Reid-Pelosi-Obama radical leftist anti-energy policies increased the price of gas?
[youre beyond intellectual redemption. ]
Back at ya. You clearly aren’t here to debate the issues, just name call and berate people as whores. Good luck winning anyone overwith that.
We can pull up lots of clips of Saint Rick’s compromised positions just as well. The question is who is the man of the moment to lead the charge. Ricky couldn’t get a squirrel posse to follow him into battle, so good luck flogging that horse.
If thats the kind of snappy comeback you learned at Stanford... then I think I was better off saving my money and going to good ol’ budget Giant State U.
I’m quite sure my great grandchildren won’t envy the poor chinese kid who has to live on the moon. Just getting dressed to go out to play would be a real bummer.
In case you haven’t noticed...its not exactly prime real estate. What are the Chinese going to do? Turn it off? Spin it out of the earth’s orbit and screw up the tides? Cover it with garish neon signs?
Are you saying Newt cant set the price of gas to $2??
Didn't you hear? There is tons of energy on the moon. As soon as Newt win’s the election there will be a panic selling off oil because those speculators (like mean old Romney who got rich firing people) will run scared knowing that Newt will start drilling on the moon. I bet his moon oil project drives gas down to $1 per gallon.
Laugh it up, your mind is just too small to understand Noot.
[If thats the kind of snappy comeback you learned at Stanford... then I think I was better off saving my money and going to good ol budget Giant State U.]
How bout this snappy comeback “I’m smarter than you and you can’t handle it”
By the way, I was poor as dirt and got to Stanford on full scholarship by working my ass off. So you playing the poor ole boy doesn’t work on me. I come from the world of hard knocks more than Stanford, I can play teary eyed bumpkin just as well as you can.
Too bad you want to play schoolyard games, I could have taught you some cutting edge economics and mony theory, but screw that. No use being nice to jerks.
If you are saying that the Obama regime contributes greatly to high fuel prices, I agree. If you are saying that it is the only factor, I think that is a huge oversimplification. What if Israel attacks Iran and we have a major war in that area?
At every turn over the past three years one rule of thumb can be applied. If it is good for America, this administration (and by extension the Democrat party) is against it. If it can hurt America, this administration is for it.
I do agree with that. Even if events in the middle east make oil prices skyrocket, Obama's fanatical anti-energy policies make it much worse.
Hey, I wasn’t talking about you. It was the one you inquired of. I’m with you here. Sheesh, no good deed goes unpunished.
Some of the reponses on this thread are spot on and others are just laughable and sad. If you follow the history of oil prices it constantly rises and fall, sometimes in a dramatic way. In the mid 80’s it peaked just over 75 dollars a barrel’s in the late 90’s it went below 10 dollars a barrel. In July of 08 it peaked at 145.29 then fell to 36.51 in January of 09. It peaked again in April 2011 to 113.93 and was riding at 98.68 on February 10th 2012. Between 08 and 09 it fell over 100 dollars a barrel. Now does anybody care to take a guess at what happen in 08 that made the price drop so fast? Newt could do the very same thing.
Yep, I heard Newt cite the late 2008 huge drop in oil and gas prices as ‘proof’ it could be done.
He is right. All we have to do is bring down the world economy with a run on the banks after running up trillions in bad debt, and we can blame Barney Frank. You would be surprised how much energy people save when they are unemployed.
Newt is a great ‘out of the box’ thinker, not like those establishment guys. He reminds me of Trump in this way, another great idea guy.
whoops... my apologies. I do appreciate the support :)