Obama Energy Policies Pushing Gas Prices To Record Highs

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   lady_love158posted 12 years ago

   http://finance.yahoo.com/news/Gasoline- … amp;ccode=
   
   Prices are rising even as Americans are using less to the point where America exports more than we use! All this could be reversed if Obama.would let energy companies drill here at home! Just imagine how high gas prices will go if our economy ever recovers from this depression!

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      kerrygposted 12 years agoin reply to this

      Did you read your own article?
      
      "Analysts say they have been pushed higher by a steady rise in international gasoline demand. Americans may be using less, but drivers in developing nations are using more."
      
      Increased foreign demand is what's driving the high gas prices, not Obama's policies. Obama has presided over a 60% increase in oil drilling rigs in the last year alone. There are currently more working oil rigs than at any time since records were started in 1987, according to that notorious bastion of liberal media, the Wall Street Journal, and the number of working rigs is quadruple what it was when he took office.
      
      http://blogs.wsj.com/economics/2011/08/ … g-for-oil/

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         lady_love158posted 12 years agoin reply to this

         Really? So we're producing more than ever before and its all because of Obama's energy policy to drill more right? Yet prices are still rising? Hmmm something doesn't add up here. Obama is at war with American energy producers as explained here:
         http://oilprice.com/Energy/Energy-Gener … exico.html
         And that's why prices are rising. He's using federsl agencies like the EPA to by pass congress and the will of the people to impose his agenda on this country and it's costing us jobs too!

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            Mighty Momposted 12 years agoin reply to this

            Did you read the news today?
            Obama vetoed EPA on smog standards -- a pro-business stance if ever there was one!

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   knolyourselfposted 12 years ago

   Supply and remand.

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      Moderndayslaveposted 12 years agoin reply to this

      Sorry, supply and demand got a hole blown in it when it finally got admitted that  funds were flocking to commodities.The media got caught with it's pants down reporting that oil was up while with the next breath reporting that demand was down. Oil is down approx. 25 % from its high in the spring, yet gas is only down about 8 cents where I live with some prices still hovering around 4 dollars.Are developing nations using more oil,yes,is that the only reason why oil is so high right now ,no.

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      CHRIS57posted 12 years agoin reply to this

      Right, and that means world market supply and demand.
      
      The US is still the worlds largest consumer, but BRIC economies get more and more thirsty every day. While US consumption is quite stable the world demand with its ups and downs, but mostly ups determine the price.
      
      Only in short term speculation on commodities some minor oil price manipulation is possible, on the long run it is free running world market development.

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   lovemychrisposted 12 years ago

   That's funny! Gas around here went down .20 cents today!
   
   Oh my god......Obama made the price of gas go down!!!
   He musta, cause he made it go up...riiiiight?

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   Mighty Momposted 12 years ago

   Sorry -- should have posted a link. See below.
   
   
   President Obama pulled back proposed new national smog standards on Friday, overruling the Environmental Protection Agency in its efforts to compel states and communities to reduce air pollution.
   
   The move represents a win for the business community, which had lobbied to postpone the new restrictions until 2013 in light of the current economic downturn.
   
   http://link.email.washingtonpost.com/r/ … FAF0F/VU/h

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      lady_love158posted 12 years agoin reply to this

      As usual Obama is acting to improve his chances at holding.on to power. Notice the regs take effect in 2013 after the election! So here he's trying to apease his base and at the same time placate independents. I think it's too little, too late. But yes I saw that story this morning.

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      Repairguy47posted 12 years agoin reply to this

      This is just another campaign gimmick. It goes against every fiber in his body to side with business, but if it get's votes he'll do it.

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