Why isn't the media commenting about the high price of gas?

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   bankscottageposted 12 years ago

   Why isn't the media commenting about the high price of gas?
   
   The price of gas in New England is $3.85 to $4.09 for a gallon of regular gas.  Where is the outrage?  Why don't either of the presidential candidates comment on this?  How does this help the middle class?

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   LandmarkWealthposted 12 years ago

   It clearly doesn't help the middle class or any class for that matter.  The media doesn't comment because the media slants dramatically to the political left and does not want to hurt the Obama campaign.  When President Bush was in office this was portrayed as a borderline presidential conspiracy with similiar gas prices.  In fact the reality is that neither president is directly responsible for the price of gas.  While it is true that we have not even begun to utlilize the full scale of US resources, that it not the only problem.  Oil is a commodity.  It is priced in US dollars. Fiscal policy in the US has favored a weak dollar policy for nearly two decades which has inflated all commodities.  But the longer term culprit in terms of inflation has been the actions of the Central Bank. The Fed's infationary actions have driven down the dollar and directly impacted the price of oil, gas, precious metals and all commodities.   
   On a positive note, the recent discovery in North Dakota will produce more oil by 2013 than the entire state of Alaska.  Unfortunately at the moment there is no pipeline in the region.  So the oil must be transported on freight cars and tractor trailers, which is dramatically more expensive to deliver.  So until there is a pipeline along with updated refining capacity, such discoveries will not have any substantial impact on the price of global oil prices.

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      bankscottageposted 12 years agoin reply to this

      Interesting, the price of oil didn't go up, the value of the dollar went down!  I agree.  This really hurts the middle class.  Good thing the Fed announced a QE3 today.  Soon, it may be cheaper to burn twenties than gas.

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      LandmarkWealthposted 12 years agoin reply to this

      The correlation is not precise daily.  But QE will push up commodity prices.  Gold soared today expectedly.  It's really QE4...Operation Twist was as good as QE3

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   Jayfortposted 12 years ago

   It is time to stop calling the Mainstream Media journalist or reporters and start calling them what they are...the propaganda arm of the Liberal Progressive Movement. It is part of the LPM to crash our economy in order to bring about a more European-Socialist government-run economy. The LPM's propaganda arm is merely supporting their party's talking points.
   
   Bush was hammered for letting gas prices get high. Obama has been given a pass. Why? The propagandists are on BHO's and the LPM's side.

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   nightwork4posted 12 years ago

   gas prices are old news these days. the complaining isn't going to change a thing so i'm guessing the media has figured that out. where i live, electric scooters have become really popular and one of the reasons is that people know they aren't going to change the price of gas so it's time to quit using it when ever possible.

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   flacoinohioposted 12 years ago

   Our government is out of touch with the people.  They are being controlled by big business and special interest groups that control each and every member of our government and the decisions they make.  I if I am not mistaken our congressmen and senators are given a GSA credit card to pay for gas and they may be even provided a car to drive at the expense of the tax payers of course, I am willing to bet that spouses and children of these people are using this card as well.  No one really cares in our government that gas prices are so high, they arent paying for it, it does not effect them directly.  In fact I bet they could careless that there are people in this country having to decide to purhcase gas over food and other basic needs.

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      flacoinohioposted 12 years agoin reply to this

      We are being charged foreign oil prices for domestic oil in addition to oil prices being speculated.  The guy that does the speculating works for the oil companies and is not accountable to anyone that is until the government needs to blame someone.

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