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 ...
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 :)