Skip to comments.Obama Indicates Anyone Who Has Immediate Solution to Gas Prices Is Lying
Posted on 02/23/2012 1:29:09 PM PST by Sub-Driver
Obama Indicates Anyone Who Has Immediate Solution to Gas Prices Is Lying Daniel Halper February 23, 2012 3:48 PM
President Obama traveled today to Miama, Florida to discuss "new sources of American-made energy." Now, given the dramatic recent increase in gas prices, and given the speech's focus on energy, it was practically inevitable that Obama would have to mention the fact that Americans on average are paying $3.59 for a gallon of gas. But there was one part in particular of his speech that will likely not inspire a lot of confidence in the president's ability to fix the problem:
OBAMA : "None of the steps that Ive talked about today is going to be a silver bullet. It's not going to bring down gas prices tomorrow. Remember: If anyone says they've got a plan for that--
OBAMA: [shrugs] I'm just saying . . .
Interestingly, at least one of the Republicans vying for Obama's office claims that he does have an immediate plan to the high cost of gas.
"Republican presidential candidate Newt Gingrich dangled the prospect Monday of gas as low as $2 a gallon if he's elected," the Associated Press reported earlier this week. "The former House speaker has spoken in the past of gas dropping to $2.50 a gallon under a Gingrich administration. The 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."
someone should ask this tard... what is the effect of increased supply while demand stays steady?
how about decreasing supply?
if you decrease demand, by lowering employment and wealth, how much would you have to decrease supply to still see an increase? would blowing up an oil platform in the gulf be enough or would you also have to shutdown all drilling while restricting near-shore supplies?
oh, sorry... was I using basic economics again? my bad
SOS: The number I got in mind is $16/barrel. Capisce?
One of the many things that annoy me about stories like this is the simple fact that had we taken the correct course on energy even twenty years ago, the issues we face today could be corrected by new pipelines, refineries and capacity that would be online.
No, there is no quick solution, even if we FINALLY get around to doing the right thing. But failure to act when we were fully aware of the issues we faced has only exacerbated the problem.
Anyone who says that the President’s policies have not been driving the cost of gas up is lying.
He does have a point. Even if we drilled oil wells everywhere that there is oil here in the US, and even if we got the Keystone pipeline up and running, that would not have much effect on gas prices. We need to relax some enviornmental laws. But the price situation is not going away any time soon. I gave up my car. I bus/bike everywhere. I haven’t bought a gallon of gas in 4 months. It sucks sometimes, but I figure that I’m paying $30 a month for my transportation needs. That’s less than filling up the tank once.
Barry if you would immediately approve he XL pipeline and use some of the unspent stimulus money to build a connection to the North Dakota oil fields to that pipeline and open ANWAR and the Gulf to drilling the oil speculators would have little reason to push up prices.
Correct, but, we still have the issue of how much money his printing presses have spit out the last three years.
I have an immediate solution to gas prices.
Allow more drilling and rescind your refusal to permit the Keystone pipeline.
You’re welcome, President Obama. No no no, don’t try to hire me, I’m happy where I work.
A good 9 month plan would to get this guy and the Dem Senate thrown out and prices would drop dramatically.
Pray for America
Perhaps you could argue to what degree it would have an effect, or how quickly... but the reality is what Obama has done, threatening windfall profits tax on the oil companies, obstructing efficient return to drilling in the gulf, obstructing new drilling, obstructing keystone, destroying credibility regarding our resolve in the middle east, weakening the dollar with an explosion of both the deficeit and regulatory demands on businesses... have all contributed to the upward pressure on gas prices.
Even the perception of inevitability regarding reversing Obama's policies will IMMEDIATELY signal speculators the trend will be more oil and lower prices, and put immediate downward pressure on futures, and subsequently gas prices. How long it takes that downward pressure to be seen at the pump is up for argument... but there are things that can be done to reverse the direction of the momentum Obama et all have built.
Newt has obviously put a lot of thought into how to make that happen.
Obama: Lying to Americans in every way possible. And his lies are amplified and repeated by the Idiot Media.