http://www.realclearpolitics.com/video/ … _bush.html
Bush gas at $3 a gallon bad! Obama gas at $5 a gallon okay and not his fault. Got it.
Hey if you think that's bad you should check out the price of petrol in the UK. Americans have it good. We Brits pay ridiculous prices in comparison.
I never blamed Bush for high gas prices, but then again he did engage in a lot more geopolitical engineering of the petroleum market than Obama has. Maybe also now prices have been high for so long that new records don't have such an impact that a more precipitous rise would.
The magical thinking that some (actually, many) people have that the president can snap his fingers and lower gas prices reflects an exceptionally poor understanding of how pricing of commodity materials works.
Talked with a guy from Argentina yesterday he said gas there is 50cents a gallon. When all those oil companies pulled out of the gulf they went there.
I haven't heard anyone mention what news reports have been telling us for the past weeks, that Iran is shutting off the flow of oil to spite the west for imposing embargos on them, and seeing oil prices rise and profiting from it.
Of courze it's not his fault, Holle. It's the fault of every hopeful but extremely deluded voter who elected him.
There are several really good documentaries out now. I can't remember all the titles, but one is Crude Awakening and is on Netflix. (The U.S. Netflix has more titles than Canada Netflix.) Scientists and specialists in oil have known since 1975 that oil has reached its peak. No president had the gumption or will to let the public know. It is possible-- with help and knowledge -- the public could have chosen responsible action. I didn't vote Obama in nor will I be voting for him next time, but I know for sure this is a bigger problem than Obama. Crude Awakening shows that even with all the available other options for energy to run our vehicles, it is only a tiny fraction of what we need daily. Oil is used in the production of a million products we use every day.
During an election year Gas prices tend to rise and then they fall after elections. Environmental regulation and offshore drilling cause the gas prices to rise along with other factors. In 2005 after Katrina our gas prices rose and they continue to rise. If we were to use our own resources we wouldn't have to pay such high prices. The price on everything in the U.S. is going up not just gas prices, have we forgot Congress?
And one of the reasons most items we purchase in the US are going up is a direct result of the cost of oil. Added cost for transportation of goods is added cost to the consumer.
Oh, I'm not blaming it all on the POTUS. I'm just pointing out that the left was all too ready to blame Bush, but not Obama.
I blame Congress our Presidents are just figure heads for our Country. All of those men are so busy arguing on a daily basis they forget how to fix our problems. They believe they should still be able to make decisions for women, but that is another subject. lolo
What the heck are you guys talking about?
Gas only costs 15 cents!
The price of Gas here in Toronto,Ontario, went to $5.60 per gallon and is expected to climb to a wopping $6.00 per gallon by April.
The price of gas is dependent on the global monopoly of OPEC and those that shadow OPEC.
The 1970s had oil and gas shortages because of the Middle East dissatisfaction with the US, and today it is from Iran.
NO US Congress nor President since the oil shortages of the 1970s did anything to prevent our dependence on foreign oil. So today dependence on foreign oil is both an Economic and National Defense Threat to our country.
This is not simple economics, oil is controlled by a pseudo global monopoly that can at any time cut the supply of oil. It has more to do with Supply rather than demand. In addition, the number of refineries to make gasoline and diesel fuel has no increased since the 1970s. So greater demand raises prices even when there is an adequate supply of oil.
The US Voters are too blame as well because they chose the wrong candidates at the ballots, and didn't remove stagnant incumbents.
I don't see where Obama is excused for the high prices, is this something presented on recent news because I don't watch.
In any case, this Debbie Schultz acts like a young college professor that smokes pot when she gets home and hangs out with political liberal extremists to talk about how terrible this country is. Is this what they do in these meetings? Some of us have to work for a living.
As I posted yesterday:
'"Let’s start here: In December 2011, impervious to dire consequences for the global economy, the U.S. Congress -- under all the usual pressures from the Israel lobby (not that it needs them) -- foisted a mandatory sanctions package on the Obama administration (100 to 0 in the Senate and with only 12 “no” votes in the House). Starting in June, the U.S. will have to sanction any third-country banks and companies dealing with Iran’s Central Bank, which is meant to cripple that country’s oil sales. (Congress did allow for some “exemptions.”)"
"Iran has halted oil shipments to Britain and France, as retaliatory measure against fresh EU sanctions levied against the Middle East nation."'
This and speculators.
speculations - perhaps goes with hoarding, limited supply - Iran = dependency on international sources, lowering of IR (interest rate) by the feds causing the value of dollar value to decrease - value of Euro is stronger now too!
POTUS can't manipulate the price.
The speculators, increased usage in china and India, unrest in the middle east, Irainain treats of closing the waters they control from the West, among other issues. This is not a left or right blame game. But it is a serious problem that has no quick fix. I believe the U.S. should look ahead for another source of energy supply. If things keep going the way they are now, we will be in serious trouble. Unfortunately, whoever is the president when the gas prices goes up, unfairly, that person is the one who gets most of the blame.
"The Koch brother are infamous for their move to legalize oil futures speculation in the US in the early 90's"
I would bet ALEC has a lot to do with it too.
All those people that think gas prices are part of simple inflation need to rethink the real reason for gas prices.
The real important issue in oil and gasoline prices is that the US is dependent on foreign oil. That dependence is both an Economic and a National Defense Issue.
Oil is controlled by a monopoly the main part of which is OPEC but the rest of the oil producing countries follow their lead. The current price of oil is steadily increasing because Iran is not exporting to the US and Europe as a spanking to teach us to leave them alone.
This also happened twice in the 1970s when the Middle East didn't like our support of Israel.
Neither of these events are inflation, and they demonstrate how the oil producers can manipulate prices at will. They are a monopoly of oil and whether it is a true monopoly or just acting like a monopoly, the result is the same.
In addition to oil prices, gasoline prices can be manipulated by the oil companies. There have not been new refineries in the US to keep up with the increase in population since the 1980s. All the oil companies have to do, and they have done it,is to take down a refinery for maintenance and the supply is down, so they can raise the price.
I question the reasoning of those that parrot the inflation reason for the high price of fuel.
by Doug Hughes 10 years ago
When gas prices were going up, Wingnuts were tripping over each other in a rush to blame the president. Even though he had nothing to do with it.President Obama ordered a release of strategic reserves. Prices have dropped over 50 cents per gallon in Florida.What do we hear now?
by Randy Godwin 3 years ago
Gas prices are soaring as usual under Republican leadership. This will hurt middle and lower classes more than it does those who got the lions' share of the tax cuts. Not only do we have to repay the Chinese for the money we borrowed , we now have to pay higher prices for fuel. I hope those wanted...
by Scott Belford 2 years ago
After oil prices came down to record lows after the Great 2008 Recession during the Obama administration, they have skyrocketed since Trump took office. Around the beginning of 2016, Brent Oil prices were around $30/bbl. Today, they are north of $80/bbl.Why?
by lady_love158 10 years ago
http://blog.heritage.org/2011/03/03/mor … es-higher/The worst of his policies by far is the subsidizing of ethanol! Its bad for the consumer raising prices on energy and food while damaging the environment! The sole purpose for thus, Obama's main motive?? His own selfish desire to be...
by movingout 8 years ago
I came across this today and its conflicting to what most people would think. What do you think?https://sphotos-b.xx.fbcdn.net/hphotos- … 1023_n.jpg
by Brian 10 years ago
This may not be news to a whole lot of people, but, I am getting sick of this. Why isn't the Government doing anything about it, especially when they know that it is killing our economy? Not, to mention that we are fighting wars over it, only to have the countries we are "Aiding" are...
Copyright © 2021 Maven Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of Maven Coalition, Inc. Other product and company names shown may be trademarks of their respective owners. Maven Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|