Five Things Obama Has Done To Make Gas Prices Rise

[Kathianne]

He keeps talking about how people are hurting and that unemployment must come down, yet gas prices are rising fast enough to make it inevitable that working poor are not going to be able to get to their jobs.

http://www.americansolutions.com/dri...ine-prices.php

Read it all:

Top Five Things Obama Has Done to Raise Gasoline Prices
By Steve Everley on January 3, 2011 2:12 PM
Thumbnail image for gaspump.jpgWith gasoline currently above $3 per gallon nationwide and economists expecting that price to rise even further in 2011, America should be getting serious about producing more of its own resources. But instead of focusing on how to bring more relief to American motorists, President Obama has imposed massive new regulations, restrictions, and even threatened higher taxes on American energy, all of which negatively impact domestic production.

What follows is a list of the five most egregious actions on the part of the Obama administration that have contributed to higher gasoline prices and greater dependence on foreign dictators for our energy:

Cancelling existing permits:

Needlessly delaying offshore leasing:

Pushing for more taxes on American energy:

Imposing a moratorium on oil and gas drilling:

Issuing a new offshore drilling ban:

...

[BoogyMan]

Mr. Obama makes every attempt to sound like he wants to help the poor, but he is an ideologue and will service his ideology over the American people every time.

We cannot vote these self loathing dipsticks, including Mr. Obama, out of office soon enough!

[revelarts]

All of the items that Obama has done there are bad.
no doubt.
but what did Bush do to make the prices rise while he was there .
I'm just following your logic.

Obama did x and gas prices rise
so it must be Bush before that?
But I'm guessing that it will be the democratic congress who was at fault for the previous gas price rise.
And the big drop? what republican policy or law caused that?

All due respect to kathianne but I wonder if there are more factors at work that don't fit neatly into democrat vs republican policies.
i don't claim to know what they all are but to dump all the blame on Obama just seems simplistic and unreasonably partisan.
there's plenty of rel items to put on him but this one, I don't know. yes he want to contribute to it but the whole cause. Frankly I don't think he's that capable.

[namvet]

this could be speculators at it again. we've had to good for to long. so its time for them to make a profit

people who work for lower wages work to buy gas just to go to work

they quit they're jobs

hello unemployment

[Kathianne]

All of the items that Obama has done there are bad.
no doubt.
but what did Bush do to make the prices rise while he was there .
I'm just following your logic.

Obama did x and gas prices rise
so it must be Bush before that?
But I'm guessing that it will be the democratic congress who was at fault for the previous gas price rise.
And the big drop? what republican policy or law caused that?

All due respect to kathianne but I wonder if there are more factors at work that don't fit neatly into democrat vs republican policies.
i don't claim to know what they all are but to dump all the blame on Obama just seems simplistic and unreasonably partisan.
there's plenty of rel items to put on him but this one, I don't know. yes he want to contribute to it but the whole cause. Frankly I don't think he's that capable.

Hmmm, what happened in 2003 to cause a spike in oil prices? When first started people complained about strategic reserves and to open them, which it took how long to do?

[namvet]

Hmmm, what happened in 2003 to cause a spike in oil prices? When first started people complained about strategic reserves and to open them, which it took how long to do?

and the one in 2008 ???? how much was OPEC charging for a barrel then???? Bush opened a reserves just before leaving office. I think it was Murtha who closed it. tsk tsk what did the craps do.

House passes bill to sue OPEC over oil prices
link

[Kathianne]

and the one in 2008 ???? how much was OPEC charging for a barrel then???? Bush opened a reserves just before leaving office. I think it was Murtha who closed it. tsk tsk what did the craps do.

House passes bill to sue OPEC over oil prices
link

The fall in oil prices went hand in hand with the fall of the economy. Those prices were not going to stay, I think we all knew that. However for awhile they ebbed and flowed, but now? Unsustainable without dire harm to the economy.

[fj1200]

All due respect to kathianne but I wonder if there are more factors at work that don't fit neatly into democrat vs republican policies.
...Frankly I don't think he's that capable.

Didn't we talk about this? I think the items in the list have contributed but to a very small extent. BO IS highly incapable but you're right it's always the other side that blames whoever is POTUS at the time. Bush made it easy because he and Cheney were BIG OIL, and BO makes it easy because he stops is anti-drilling, etc.

[logroller]

There are of course other benefits from drilling, for example jobs, but the supply increases obviously account for little of the price fluctuations in the above charts. Here's a quote from a EIA report on the AEO2009 effects on crude oil and motor gas prices.

The average price of imported low-sulfur crude oil in 2030 (in 2007 dollars) is $1.34 per barrel higher, and the average U.S. price of motor gasoline price is 3 cents per gallon higher, than in the reference case.

http://www.eia.doe.gov/oiaf/aeo/othe...ers/aongr.html

Increased pumping and overhaul of existing wells plays much more of role on supply; and this is behavior is a result of the increase in price of oil, making companies more inclined to increase production and thus profits. Exploration, which takes years to come on line in producion, is an investment, not short-term market response.

[red states rule]

Rising gas prices (and energy prices overall) will be the final nail in Obama's political coffin

President Obama has rededicated himself to creating jobs this year, but rapidly increasing prices for oil and gasoline threaten that goal. And many argue the president's policies are making things worse.

One former oil man warned then-candidate Obama back in 2007.

"I said, Senator, if you don't do something in your first term, if you’re successful, to increase hydrocarbon production in this country you will be on your knees in 2012," said John Hofmeister, former president of Shell Oil.

But Hofmeister says the administration has punted on domestic production. Instead of expanding it, the oil industry says the administration has roped off some 85 percent of the outer continental shelf, leaving the industry few places to go.

The president of the American Petroleum Institute, Jack Gerard, argues that "if we open areas that are currently off limits to development, we could create more than 500,000 jobs throughout the economy, and generate an additional $150 billion in government revenue by 2025."

There is one inescapable fact. The U.S. now uses about 20 million barrels of oil a day but produces only 7 million. Hofmeister argues that bolstering that sum to 10 million barrels per day of domestic production would help hold down the price of oil.

"We'd be talking about trillions of dollars of investment if we were moving to 3 million more barrels a day of production,” Hofmeister said.

http://www.foxnews.com/politics/2011...al-turnaround/

[revelarts]

Oil price ‘threat to recovery’
Published on 01-04-2011

Source: Financial Times

High oil prices threaten to derail the fragile economic recovery among developed nations this year, the leading energy watchdog has warned, putting pressure on the Opec oil cartel to increase production.

Over the past year the oil import costs for the 34 mostly rich countries that make up the Organisation for Economic Co-operation and Development have soared by $200bn to $790bn at the end of 2010, according to an analysis by the International Energy Agency.
The increase, due to high crude prices, is equal to a loss of income of about 0.5 per cent of OECD gross domestic product, according to the IEA.

“Oil prices are entering a dangerous zone for the global economy,” said Fatih Birol, the IEA’s chief economist. “The oil import bills are becoming a threat to the economic recovery. This is a wake-up call to the oil consuming countries and to the oil producers.”

Oil prices have edged closer to $100 a barrel in recent weeks and Brent crude hit $95 a barrel for the first time in 27 months on Monday as the economic recovery has gathered pace....

http://www.ft.com/cms/s/0/056db69c-1...#axzz1A7dRaTCM

[PostmodernProphet]

And the big drop? what republican policy or law caused that?

that would be the expiration of the moratorium on domestic production....as you may recall it expired in 2008 and Bush refused to resign it.....then, the first month after Obama was inaugurated, he did.....

In September 2008, House Democrats handed congressional Republicans a victory by agreeing to let the 26-year-old moratorium on offshore drilling expire on September 30. The Democrats made their decision amid the growing public outcry about high gasoline prices and concerns about the struggling financial markets, and after President Bush threatened to veto a proposed $630 billion funding bill and shut down the federal government if the legislation included language to renew the offshore drilling ban.

http://environment.about.com/od/envi...fshore_ban.htm

[Kathianne]

that would be the expiration of the moratorium on domestic production....as you may recall it expired in 2008 and Bush refused to resign it.....then, the first month after Obama was inaugurated, he did.....


http://environment.about.com/od/envi...fshore_ban.htm

I can believe that there are times that government doesn't act in our interests, however before going all conspiracy theory, I try to look for alternative explanations. Some it seems, go to a cabal theory before any other.

[PostmodernProphet]

I can believe that there are times that government doesn't act in our interests, however before going all conspiracy theory, I try to look for alternative explanations. Some it seems, go to a cabal theory before any other.

That isn't a conspiracy theory, it's simple economics......speculators stopped hoarding crude oil when the possibility arose that domestic production would increase supply, as I recall the spot price of crude started dropping within days after it became clear that restrictions would not be put back in place......ten people or ten thousand people hoping to get rich on speculation does not require conspiracy.....it merely requires opportunity.......if future supply becomes a variable, speculation becomes too risky......

look at the facts......crude was selling for $120+ a barrel.....North Dakota sand is profitable at $80 a barrel......restrictions on ND production dropped off in September.....within weeks crude dropped below $80 a barrel.....it wasn't a conspiracy, it was simply recognition that large amounts of oil could be obtained at $80 a barrel......

[Kathianne]

That isn't a conspiracy theory, it's simple economics......speculators stopped hoarding crude oil when the possibility arose that domestic production would increase supply, as I recall the spot price of crude started dropping within days after it became clear that restrictions would not be put back in place......ten people or ten thousand people hoping to get rich on speculation does not require conspiracy.....it merely requires opportunity.......if future supply becomes a variable, speculation becomes too risky......

look at the facts......crude was selling for $120+ a barrel.....North Dakota sand is profitable at $80 a barrel......restrictions on ND production dropped off in September.....within weeks crude dropped below $80 a barrel.....it wasn't a conspiracy, it was simply recognition that large amounts of oil could be obtained at $80 a barrel......

You misunderstood what I meant. Sorry.