Of presidents, petroleum prices and gas pumps

Apparently, the word has gone out. With the economy having taken a turn for the better, Republicans need something else to blame on Barack Obama, and they’ve settled on the price of gasoline.

Fox News has taken up the story; Speaker John Boehner and others have echoed it as well. The theory seems to be that the rising price of oil internationally is President Obama’s fault, allegedly because he has blocked expanded oil production here at home.

In that place known as reality, the GOP theory has some fundamental problems. We can begin with the fact that oil produced in the United States must still be sold in the United States at world oil prices. There is no “hometown discount.”

If the world oil price doesn’t change, the domestic oil price doesn’t change. That’s just a fact, and short of nationalizing the American oil industry, you can’t change that fact.

Here’s another fact: no matter what the United States does — including drilling holes every hundred feet across the whole continent — we lack the ability to change the price of oil on the world market. And that becomes pretty clear with a brief tour of petroleum-related data over the past five years. First, let’s look a the the average price of gasoline: (All data from the U.S. Energy Information Administration):

price

Note that gasoline prices peaked in the summer of 2008 at well over $4 a gallon, then plummeted once the Great Recession hit and consumption fell worldwide. That has led to speculation by some that high gasoline prices caused the economic woes that followed, but most economists dismiss that theory. Of course, most would probably also admit that high prices didn’t help.

Here’s a chart illustrating what U.S. oil consumption has done in the past five years. You’ll see the impact of the recession here as well:

consume

Note that U.S. petroleum consumption has been dropping for quite a while now and remains well below peak levels. But our reduced demand for oil has had no impact on world oil prices because it has been more than offset by increased consumption by countries such as China and India.

Here’s our third and final graph: U.S. domestic oil production. crude

Note that production in November of 2011 is up more than 20 percent over November 2006. We are producing significantly more oil and also consuming significantly less — if we had the ability to move world markets on our own, that combination of increased supply and reduced demand should force world oil prices down. Yet the price remains stubbornly over $100 a barrel.

(If there’s a military confrontation with Iran, as many seem to want, that price will jump significantly, probably forcing the administration to tap our strategic petroleum reserves. But that’s a topic for another day.)

In the world of politics, of course, candidates attempt to create their own reality independent of the real world. The now-departed Michele Bachmann, for example, used to promise that “Under President Bachmann, you will see gasoline come down below $2 a gallon again,” which was an exceedingly silly thing to say.

And it is no less silly coming from the mouth of Newt Gingrich, who is now claiming that “the Obama administration’s ideological refusal to expand American energy production continues to block the development of resources which could lower gasoline prices dramatically.”

“$2.50 a gallon gas is not a dream. It’s achievable with the right policies, and that starts with a president who will stop bowing and start drilling,” Gingrich said. “If we take the right steps, we can quickly and dramatically reduce the price of gas by tapping America’s incredible oil and gas resources to increase supply.”

That is absolutely false — nobody with any knowledge of the oil markets believes it’s possible for the United States to drive the world oil price down to $70 a barrel, which is what it would take to make Gingrich’s claim come true.

Such rhetoric takes the American voter for a fool.

– Jay Bookman

754 comments Add your comment

Granny Godzilla

February 17th, 2012
10:25 am

Best way to beat the price of gas…..use less.

(ir)Rational

February 17th, 2012
10:28 am

It is entirely his fault. Why just yesterday, I saw him on the floor of the Tokyo Stock Exchange, and then again on the London Stock Exchange bidding the price of a barrel of oil up. Between the two, I heard he stopped over and met with the OPEC leaders about lowering the international output too. :)

(ir)Rational

February 17th, 2012
10:29 am

Oh, and Jay, the average American voter is a fool. Just sayin.

Libertarian

February 17th, 2012
10:32 am

“In the world of politics, of course, candidates attempt to create their own reality independent of the real world.”

This happens on both sides Jay. But I rarely see you pointing out when it happens on your side.

Mick

February 17th, 2012
10:33 am

Thanks jay, this gas thing is so frustrating. the prices started climbing because of “Libya” and they haven’t come back down since. OPEC knows all too well that if the price of gas goes to high, the world economy contracts, they just don’t seem to care for some sanity and stability anymore. One more thing, no more futures with oil, unless you have the capacity to store it…

Fred ™

February 17th, 2012
10:33 am

I’m not usually a conspiracy theorist but I find it odd that through out all this, the oil companies have made and continue to rake in record profits. They tested teh waters at 4 bucks a gallon and saw that folks would pay it. they have been edging it up ever since and will keep edging it up until we find a better energy source…….

Joe Hussein Mama

February 17th, 2012
10:34 am

(ir)Rational — “It is entirely his fault. Why just yesterday, I saw him on the floor of the Tokyo Stock Exchange, and then again on the London Stock Exchange bidding the price of a barrel of oil up. Between the two, I heard he stopped over and met with the OPEC leaders about lowering the international output too.”

Then he armed the baby seals in Alaska so they could prevent us from drilling for oil there and he peed on a copy of the Constitution before Michelle came and picked him up on her broom so they could go lunch on some roasted Catholic bishops.

AmVet - Heebing Doraville since 1979.

February 17th, 2012
10:35 am

We’ll see what Really and Joseph and the other mystery meats and Limbaugh suckups have to say about all of this.

(They ain’t gonna be happy with this analysis!)

One would think that in return for the largesse, at least BIG oil could pony up the $21B in tax giveaways that they take every single year…

Butch Cassidy

February 17th, 2012
10:35 am

Great piece Jay, but unfortunately we discuss this as a side topic almost everyday. You will never convince the die hards that there are influences beyond our control that actually affect us here. They will continually cry that we need to drill more even though the most recent EIA report shows that domestic oil production is at an all time high and will continue to be so well into 2020. Even after supplying a link to the EIA site yesterday, I was dismissed due to the fact that it had a .gov at the end. I guess I’m curious as to how these people breathe with their head in the sand 24/7.

(ir)Rational

February 17th, 2012
10:37 am

JHM – That’s just ridiculous. Everybody knows that roasted Catholic bishops will make you go crazy. Besides, I heard he liked Israeli Jewish Rabbis that had been force fed pork and kept in a small box to soften them up.

getalife

February 17th, 2012
10:37 am

“Such rhetoric takes the American voter for a fool.”

Just one time I would like a con to stand up to their party and say, stop lying to me.

Not going to happen.

mm

February 17th, 2012
10:37 am

We all know that oil and gas prices rise within hours of any incident that might impact supply or production. And then it takes weeks if not months to go back down. It’s high time to utilize new energy sources.

As for dumbed down GOP, they show us each and every day they cannot operate unless the hand feed their talking points to their sheep.

(ir)Rational

February 17th, 2012
10:37 am

Fred – So nothing to do with the increase in demand in the rest of the world? I just assumed it was that, I’m not much for the tin-foil hat brigade.

Butch Cassidy

February 17th, 2012
10:38 am

Amvet – “We’ll see what Really and Joseph and the other mystery meats and Limbaugh suckups have to say about all of this.”

Have you you forgotten, Really? blew me out of the water yesterday because my information came from the government. Yet when it comes from Fox News it’s like God himself gave them the data.

Joe Hussein Mama

February 17th, 2012
10:39 am

(ir)Rational — “I heard he liked Israeli Jewish Rabbis that had been force fed pork and kept in a small box to soften them up.”

I once saw a church sign advertising an “Easter Egg Hunt” and “Meet The Easter Rabbi.” I’m pretty sure it wasn’t supposed to be some sort of interfaith event. :D

JOE Cool-Republicans Call Him MESSIAH, I Just Call Him Mr. President

February 17th, 2012
10:40 am

“I pity the fool!”-Thomas Jefferson

josef

February 17th, 2012
10:40 am

Sooth and Company should be in shortly to let us all know how it’s all part of the International Zionist Na zi Bankers conspiracy to take over the world….

Nice graphs, Jay…

Aquagirl

February 17th, 2012
10:41 am

This happens on both sides Jay. But I rarely see you pointing out when it happens on your side.

Pathetic attempted deflection in under five posts, is that a new record?

BTW, blogspot is ready when you are. So is Kyle, and he really needs the support after trying to sell the big-government money grab for charter schools. Go help “your side” for a while if you’re so unhappy here.

Fred ™

February 17th, 2012
10:41 am

Joe Hussein Mama

February 17th, 2012
10:34 am

Then he armed the baby seals in Alaska so they could prevent us from drilling for oil there and he peed on a copy of the Constitution before Michelle came and picked him up on her broom so they could go lunch on some roasted Catholic bishops.
++++++++++++++++++++++++++++++++++

Speaking of baby seals………. i saw that tree hugger Whale movie last night with Drew Barrymore in it. Man did it suck……….

Peadawg

February 17th, 2012
10:41 am

“It’s high time to utilize new energy sources.”

It was time to do that a long time ago. But we’ve been too busy building up $15 trillion in debt on other stuff.

Butch Cassidy

February 17th, 2012
10:41 am

I wonder why you never hear Bohner or anyone else on the Right demand that we build more oil refineries. Wouldn’t logic dictate that if we are going to milk every drop of domestic oil out of the ground that we might actually need places to process it?

getalife

February 17th, 2012
10:43 am

What happens when the oil runs out?

BlahBlahBlah

February 17th, 2012
10:43 am

Where was this commentary when Nancy Pelosi blamed “two Texas oil guys in the White House” a few years back?

ty webb

February 17th, 2012
10:43 am

sorry jay, if he gets credit for the good news, then he gets blamed for the bad…unless of course, you want to lay the blame/credit for all of it on the “Party of No” led house of representatives…In fairness, I admit that the President has little to do with both…do you agree?

Matti

February 17th, 2012
10:43 am

That place known as reality is a hostile environment for the delusional GOP and their faithful mouthpieces. It is only by creating their own version and hiding inside of it that they actually manage to live with their own consciences.

mm

February 17th, 2012
10:44 am

The GOP knows the Dems can’t successfully get their message out as long as they are constantly defending themselves aginst these baseless attacks.

Fred ™

February 17th, 2012
10:45 am

(ir)Rational

February 17th, 2012
10:37 am

Fred – So nothing to do with the increase in demand in the rest of the world? I just assumed it was that, I’m not much for the tin-foil hat brigade.
+++++++++++++++++++++++++++++++++++

Supply rises and falls, demand rises and falls. Prices don’t. When the prices went so high, we (the US, one of the larger users) cut back. The prices dipped momentarily and then raced back up. It’s just like mm said. Anytime there is a hiccup or even THREAT of a hiccup prices instantly skyrocket. Yet when that incident is over or never happens it takes forever for prices to come back down. And they still never come back ALL the way down.

It just doesn’t add up.

(ir)Rational

February 17th, 2012
10:45 am

getalife – Plenty of us have. We just don’t have a party anymore.

JHM – Well, they could have been doing an interfaith thing. Kind of like a petting zoo for Easter? Bring by the strange Jewish man for the kids to gawk at?

Butch Cassidy

February 17th, 2012
10:45 am

getalife – “What happens when the oil runs out?”

Don’t you know, it won’t in our lifetime, so no one really cares. However, the same people that could care less about future energy sources, sure do get uptight about kicking the can down the road and saddeling “our children and grandchildren” with debt. Apparenly no fuel sources aren’t much of a concern.

George P. Burdell

February 17th, 2012
10:46 am

I think part of this has to do with the fact that the left kept screaming about high gas prices being caused by GW and his buddies in the oil business raking in profits. You still have people on this blog today that think the oil companies have some magic ability to control gasoline prices. It is ridiculous to think Obama has any control over gas prices but it was equally ridiculous to think Bush did as well.

Mick

February 17th, 2012
10:47 am

This is not a republican or democrat issue, it’s the oil companies and speculators taking us for a ride and giving us the bird while we complain and continue to consume…

Adam

February 17th, 2012
10:47 am

Excellent take down

Stephenson Billings

February 17th, 2012
10:47 am

Lest we forget:

“During President George W. Bush’s administration, we constantly heard demands to hold the President accountable for “Big Oil’s price gouging.” House Speaker Nancy Pelosi, D-Calif., just two years ago, knew exactly whom to blame for “skyrocketing” oil prices:

“The price of oil is at the doorstep; $4-plus per gallon for oil is attributed to two oilmen in the White House and their protectors in the United States Senate.”

[snip]

Yes, back then the average price per gallon was four bucks. But blaming “oilman” Bush for high prices began when the average price was well below today’s $3.05 national average.

The average price was $1.72 on March 5, 2003, when CBS News posted a story online with this headline: “Dems Blame Bush For High Oil Prices.” It referred to an investigative report by Sen. Carl Levin, D-Mich. Levin blamed Bush’s post-9/11 decision to increase the amount of oil in the Strategic Petroleum Reserve by 40 million barrels in 2002 — bringing the total to 600 million.

Levin said, “We’re confident this had a significant impact on the price of oil in 2002.” Never mind that the Bush administration called the amount of oil diverted too small to matter.

The average price was $2.80 on April 22, 2006, when USAToday.com posted an article with the headline “Democrats blame Bush for high gas prices”: “Consumer gasoline prices continue to soar as the Bush administration places too much emphasis on drilling reserves and not enough on alternative fuels, Democrats said.”

http://washingtonexaminer.com/2010/12/larry-elder-whos-blaming-obama-high-gas-prices/38707

getalife

February 17th, 2012
10:47 am

ir,

The on;y con I jeard stand up and say you lie was joe wolson.

AngryRedMarsWoman

February 17th, 2012
10:47 am

We always look for an easy solution and a scapegoat for our problems (perceived or real, but normally of our own making). The rising prices and their volatility are here to stay until Wall Street finds another “futures favorite” to play with. It used to be grain, now it is oil. Oil is now an artificial market – normal laws of supply and demand don’t truly apply. I read somewhere that upwards of 60% of the price of a barrel of oil is now due to speculation….. see globalresearchDOTca. I am no expert, but the speculation angle makes sense; if you want to blame someone then you should blame Congress for not giving enough power to the Commodity Futures Trading Commission.
Reminder – I said I am not an expert….so chill.

Normal

February 17th, 2012
10:48 am

Anybody who believes Fox News deserves what they get. This is why the GOP wants you uneducated…So you will believe their crap.

(ir)Rational

February 17th, 2012
10:48 am

Fred – Yeah, its that damn oil futures system we have set up. It isn’t perfect, but it is what we have. Everyone is trying to make a profit on it, and even though the oil companies are making huge profits, I would be curious to know how their operating costs have changed in the past few years.

Butch Cassidy

February 17th, 2012
10:48 am

George P. Burdell – ” It is ridiculous to think Obama has any control over gas prices but it was equally ridiculous to think Bush did as well.”

Agreed, in fact several of us have readily stated that Bush had no more control over gas prices than Obama does now. Unfortunately, the party faithful on here seldom acknowledge that fact.

Soothsayer

February 17th, 2012
10:49 am

Jay, just wait ’til those Chinese trade those itty-bitty cars in for monster pick ‘em trucks!

ATV rider killed in collision with deer (AJC)

At last, the deer get one back!

josef: why do you continue to make that asinine statement? This makes twice now. I have never once mentioned International Zionist or Bankers. WTF are you talking about?

Brosephus Elite™ - 'Cause Donovan said so!!

February 17th, 2012
10:49 am

If the world oil price doesn’t change, the domestic oil price doesn’t change. That’s just a fact, and short of nationalizing the American oil industry, you can’t change that fact.

Amen!!!!!!!!!!!!!

josef

February 17th, 2012
10:49 am

“Bring by the strange Jewish man for the kids to gawk at?”

Paging ZamVet Hebe…. :-)

getalife

February 17th, 2012
10:49 am

“The on;y con I jeard stand up and say you lie was joe wolson.”

Ooops, The only con I heard stand up was joe wilson.

Butch,

Exactly.

Zedd

February 17th, 2012
10:50 am

No arguments about the President being at fault for gas prices here. He will suffer the consequences of $4 a gallon or higher gasoline though. Just like when it was $4 a gallon under Bush, consumer spending will slow down dramatically. No summer of recovery here if that happens. What was that Obama said about oil speculators awhile back?

Keep Up the Good Fight!

February 17th, 2012
10:50 am

What is truly amazing is that Obama is so good at setting gas prices and has been able to force Canada to follow the same price trend as the US. I am sure that Obama’s policies are impacting the price there. I mean after all Canada has refused to build that Keystone Pipeline, right? … oh wait.

AmVet - Heebing Doraville since 1979.

February 17th, 2012
10:51 am

At least the professionally ignorant are chanting Drill, Baby, Drill all the time like they used to.

Butch, I only glanced at that. That kid inevitably pegs the Stupid Meter. No matter what guise he uses…

Blah, it was out there but you didn’t see it because you had your head up Dick Cheney’s ___!

Though I’m still not sure how you got into those super-secret, back room, closed-door “Energy Task Force” meetings. The ones that to this day, most of the activities have never been disclosed to the public.

Just one of the insane number of screw ups and sell outs left from the legacy of the WAE. (Worst Administration Ever)

http://en.wikipedia.org/wiki/Energy_Task_Force

Stephenson Billings

February 17th, 2012
10:51 am

Network Double Standard: Rising Gas Prices a Bush Problem in 2008, But Obama Gets a Pass

“Connecting Bush, Not Obama to High Prices: As gas prices rose in 2008, network reporters mentioned President Bush in 15 times as many stories, than they brought up President Obama in a similar period in 2011.

Gallons of coverage in 2008: Comparing a 20 day span of rising gas prices in 2008 to 24 days of rising prices in February 2011, the Business & Media Institute found the networks did more than 2 ½ times as many stories during the Bush years versus Obama.

But it was more than just the amount of coverage that showed the media’s willingness to spin gas prices one way under Bush, and another way under Obama. In 2008, network reporters mentioned “Bush,” the “president” or “government” in gas price reports 15 times more often than in 2011 under President Obama (15 stories to 1). A number of stories portrayed Bush as out-of-the-loop when he was asked about the possibility of $4-a-gallon gas and hadn’t yet heard that prediction.

In contrast to the 15 reports referencing the Bush administration when gas prices were “through the roof,” the only 2011 story to mention the president was NBC “Nightly News” on Feb. 24. Tom Costello’s report on the impact of surging gas prices quoted President Obama who was “optimistic.” “

Brosephus Elite™ - 'Cause Donovan said so!!

February 17th, 2012
10:51 am

Fred @ 10:33

I was thinking the same thing until I looked at the increase in our fuel exports. Oil companies have been profiting because worldwide demand brought them new customers. We’re stuck with paying the world price for gas as opposed to a domestic influenced price.

Adam

February 17th, 2012
10:52 am

Libertarian: This happens on both sides Jay. But I rarely see you pointing out when it happens on your side.

Please do point to where Obama has created his own reality as a way of duping people into voting for him over the Republicans. I am sure he has, but I would love to see just how strong or weak or false the examples are, especially compared to outright lies on a regular basis from the conservative propaganda machine.

josef

February 17th, 2012
10:52 am

Sooth

True. Never once. Many times…just ever so careful not to be so direct as to say what you really mean…just go back and look at all those posts about Iran-the oil companies-the Israelis and, well…why bother. They were the ones flying those airplanes…. :-)

BlahBlahBlah

February 17th, 2012
10:52 am

One potential rule that would help is an increased margin requirement to buy oil futures. Make the speculators have more skin in the game. If they had to put up 50 cents on the dollar for every futures contract they control, you’d see a much more realistic oil price emerge.

Fred ™

February 17th, 2012
10:53 am

Adam

February 17th, 2012
10:47 am

Excellent take down
+++++++++++++++++++++++++++

Huh?

Adam

February 17th, 2012
10:53 am

In 2008, network reporters mentioned “Bush,” the “president” or “government” in gas price reports 15 times more often than in 2011 under President Obama (15 stories to 1).

So what? That shows the media isn’t lying about who controls the gas price lever anymore. Is that not a GOOD thing?

Mick

February 17th, 2012
10:53 am

**What was that Obama said about oil speculators awhile back?**

Someone once pointed out that these speculators should not be able buy futures unless they had storage capacity to take delivery. That would knock out most of the speculators whose sole purpose is to drive up the prices…

godless heathen©

February 17th, 2012
10:54 am

“Here’s another fact: no matter what the United States does — including drilling holes every hundred feet across the whole continent — we lack the ability to change the price of oil on the world market.”

The charts don’t make the case that the price of crude has nothing to do with supply as Jay seems to be claiming. Agreed that the our slight increase in production has not reduced the price of gas at the pump, but we don’t even know what our potential production is, and won’t know until the continental shelf area and ANWAR are explored.

Brosephus Elite™ - 'Cause Donovan said so!!

February 17th, 2012
10:54 am

I wonder why you never hear Bohner or anyone else on the Right demand that we build more oil refineries. Wouldn’t logic dictate that if we are going to milk every drop of domestic oil out of the ground that we might actually need places to process it?

Because they don’t want an actual answer to the problem. They only want to use this issue as a Louisville slugger on the baby seals known as the uninformed voter.

(ir)Rational

February 17th, 2012
10:54 am

getalife – Not all of us have a national stage to say it on. Are you talking about politicians only? They’re the ones lying. I’m talking about normal people like me.

moonbat betty

February 17th, 2012
10:54 am

It was Bush/Cheney’s fault before it was Obama’s fault.

http://www.youtube.com/watch?v=8M60rLoCbbo

Butch Cassidy

February 17th, 2012
10:55 am

Just as Jay said, if you want to control the price of oil, you have to control the production. To do that, we would have to nationalize the oil companies to ensure that all domestic oil stays in the U.S. Now, why haven’t I heard that from Bohener and the other GOP faithful?

BlahBlahBlah

February 17th, 2012
10:55 am

A stronger dollar would also help gas prices. But Bernanke and co. seem happy to see the USD trade at $1.30 to the Euro for the forseeable future, as they continue to print money to keep the punch bowl filled.

Keep Up the Good Fight!

February 17th, 2012
10:56 am

Jay, here’s an interesting chart…. look at the increase in Monthly US Crude Oil Rotary Rigs in Operations. http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=E_ERTRRO_XR0_NUS_C&f=M

Spiking higher than at any time since reporting started in 1988.

getalife

February 17th, 2012
10:56 am

ir,

I am talking about the gop and you cons.

You attack our President for trying to invest in alternative energy.

You fight for big oil welfare.

Just the facts ir.

barking frog

February 17th, 2012
10:56 am

The largest consumer of oil in the world has no say on the price
of oil! I think not.

Adam

February 17th, 2012
10:58 am

All I am going to say without revealing toom uch:

Trust me, refineries are doing FINE

Butch Cassidy

February 17th, 2012
10:59 am

barking frog – “The largest consumer of oil in the world has no say on the price
of oil! I think not.”

Actually, we don’t. With China and India consuming more and more, we really wouldn’t be able to affect anything by putting our foot down.

Joseph

February 17th, 2012
11:00 am

Bush got blamed for it Jay!!! Why not Obama?????

Show Low Will Have to Wait

February 17th, 2012
11:00 am

“…blah blah…new energy sources…blah blah…” what are you going to use to power YOUR car, wheat germ? meat? there’s plenty of oil; the issue is refineries closing all over, and gasoline production unable to keep pace with rising worldwide demand. heck, it can’t even keep pace with the lower u.s. demand.

barking frog

February 17th, 2012
11:01 am

Butch,10:59, Who has the say on oil prices then?

Stephenson Billings

February 17th, 2012
11:01 am

I think we need to bring back the windfall profits tax and have more investigations into price gouging :rolleyes:

Butch Cassidy

February 17th, 2012
11:01 am

Joseph – “Bush got blamed for it Jay!!! Why not Obama?????”

Sorry Chief, we already acknowledged that Bush had no more control over prices than Obama does now.

Joe Hussein Mama

February 17th, 2012
11:01 am

Joseph — “Bush got blamed for it Jay!!! Why not Obama?????”

Did *Jay* blame Bush for it? Or are you just lumping everyone on the other side together and assuming that they all automatically agree with one another?

Talking Head

February 17th, 2012
11:01 am

Fact: Obama wanted and even campaigned that he wanted higher gas prices.

Fact: Oil prices rising is a direct result of the hostility Iran is showing the rest of the world in regards of blocking the Straits of Hormuz.

Fact: If the US created more oil refineries (none have been built in 30 years) and let companies explore and drill for oil, the world would see supply as steady and prices would fall.

(ir)Rational

February 17th, 2012
11:02 am

getalife – So only the politicians then. Okay. That’s not unrealistic or unreasonable at all. Tell me again why the people like me aren’t allowed to disagree with the party and have it count to you? I mean, I don’t even consider myself a Republican anymore because I don’t agree with a large part of what they stand for. I’m a conservative, but I have some liberal ideas and beliefs that I wasn’t willing to part with to fit in with the ideals of any party. But I guess it doesn’t matter to people like you who paint everyone who doesn’t agree with you with a broad brush. It would probably surprise you to know that I’m a conservative, with a college degree, who works a professional job. Also probably surprise you to know that I don’t have a problem with abortion, gay marriage, and oppose the death penalty. But hey, if you actually were willing to talk to people instead of at them, you might learn these type of things that could possibly keep you from looking like such a fool all the time.

Joe Hussein Mama

February 17th, 2012
11:02 am

B. Frog — “Butch,10:59, Who has the say on oil prices then?”

Why, the Bavarian Illuminati and the Gnomes of Zurich, of course. :D

Fred ™

February 17th, 2012
11:03 am

Moonbat Betty: Thanks. I haven’t heard that tune in ages.

Butch Cassidy

February 17th, 2012
11:03 am

barking frog – “Who has the say on oil prices then?”

Everybody, and that’s the problem. We can’t keep our own oil off the market and we can’t stop importing it either. As long as everyone is using it, no one can dictate the price.

Joseph

February 17th, 2012
11:04 am

Butch Cassidy:

Not in the media… Google it twit..

stands for decibels

February 17th, 2012
11:04 am

from downstairs:

Stands, I’m pulling down your first post. That’s over the line.

Agreed. Apologies to all.

/drive-by

(ir)Rational

February 17th, 2012
11:04 am

JHM – Who told you about the Bavarian Illuminati? If you know what’s good for you, you’ll keep that one quiet. We don’t like publicity. I’ve already said too much.

Fred ™

February 17th, 2012
11:05 am

BlahBlahBlah

February 17th, 2012
10:55 am

A stronger dollar would also help gas prices. But Bernanke and co. seem happy to see the USD trade at $1.30 to the Euro for the forseeable future, as they continue to print money to keep the punch bowl filled.
++++++++++++++++++++++++++++++++++++++++

Print money? That is so incredibly stupid and such a blatant lie that there is no way to ‘debate” it.

Adam

February 17th, 2012
11:05 am

Talking Head: Fact: If the US created more oil refineries (none have been built in 30 years)

REFINERIES ARE FINE. You don’t need new ones, because of the enhancements to the technology of the refining process and expansion of existing refineries.

Libertarian

February 17th, 2012
11:05 am

Stephenson Billings

No one on here will address what you said about Bush….they’ll just say you’re “deflecting.”

Aquagirl

February 17th, 2012
11:06 am

we don’t even know what our potential production is, and won’t know until the continental shelf area and ANWAR are explored.

There are various estimates as to how much oil is in those areas. They aren’t exact but we have an idea, and it’s not enough to significantly change prices.

Or did you think they just wander about drilling at random, hoping there might be some oil down there somewhere?

Butch Cassidy

February 17th, 2012
11:06 am

Joseph – “Not in the media… Google it twit..”

Oh, so I’m supposed to just go along with it because it’s in the media? Sorry pal, not everyone is as beholden to the talking heads as you. And twit, really?

Oscar

February 17th, 2012
11:06 am

The cure for rising gas prices is to drive less. And ship by railroad instead of trucks.

TaxPayer ™ © ®

February 17th, 2012
11:06 am

The largest consumer of oil in the world has no say on the price
of oil! I think not.

That’s right! Let’s have another depression! That’ll show ‘em who controls the price of oil.

Adam

February 17th, 2012
11:07 am

No one on here will address what you said about Bush….they’ll just say you’re “deflecting.”

Way to pay attention….

Fetus on a stick

February 17th, 2012
11:07 am

So, gas is expensive under Bush, it’s Bush’s fault, gas goes up under Obama, it’s not his fault….Gotcha.

Show Low Will Have to Wait

February 17th, 2012
11:08 am

“ship by railroad…” right, ’cause rail runs on magic fairy dust.

0311/1811

February 17th, 2012
11:08 am

“Republicans need something else to blame on Barack Obama, and they’ve settled on the price of gasoline.”

Plus “undercover” Socialism/Marxism and an erosion of our personal freedoms which will be unfettered if he is re-elected.

AmVet - Heebing Doraville since 1979.

February 17th, 2012
11:08 am

Dufus on a stick, if you say so.

Butch Cassidy

February 17th, 2012
11:08 am

Fetus on a stick – “So, gas is expensive under Bush, it’s Bush’s fault, gas goes up under Obama, it’s not his fault….Gotcha.”

God almighty, do you people even know how to read? for the 3rd time, NO ONE on here is blaming Bush for the price of gas during his adminstration!!!!!!!!!!!! Move along.

carlosgvv

February 17th, 2012
11:09 am

The Republicans are not being silly when they blame Obama for the price of gasoline. They are just plain lying, knowing that, in fact, their electorate will believe anything they say. I would not call this rhetoric taking the American voter for a fool. I would say such rhetoric shows Republican politicians understand their electorate are simple tools.

Paul

February 17th, 2012
11:09 am

Parties have to have an enemy.

Billings

“House Speaker Nancy Pelosi, D-Calif., just two years ago, knew exactly whom to blame for “skyrocketing” oil prices: ”

Republicans objected back then for many of the same reasons Democrats now cite. Yet why do Democrats have to rebut at all? Because Republicans are using the very same arguments they said were false just a few years ago.

Saying one party did it to them back then is not justification at all. In fact, the condemnation should be harder on Republicans as they are using arguments they know to be false.

Yet the rank and file repeat it as if it’s new-found truth.

_____________________________________________________________________________

Had an article in our paper couple days ago abut the price rise. One guy in his Chevy Silverado extended cab pickup said how expensive it was to commute to work. Another guy in a Toyota FJ Cruiser Sport Ute said he had to schedule his trips to Houston to take them when his wife had to go to Houston.

I feel no sympathy for either of them. These prices were foreseeable and likely. Yet they still chose to buy gas gulpers as commuter cars. Welcome to the world of personal responsibility and consequences.

moonbat betty

February 17th, 2012
11:09 am

The short term cure for rising gas prices is to to stop eating and buying goods. It takes gas to deliver those billions of items.

Either that or nuke China.

Take your pick.

getalife

February 17th, 2012
11:10 am

ir,

Yeah, after the w disaster some cons say they are Independent.

I am not buying it .

barking frog

February 17th, 2012
11:10 am

Butch Cassidy, 11:03, the magic market price that establishes itself,
an oil company dream, no, the buyer establishes price and that is the
oil company, but we as consumers have had our price setting ability
diluted by need,. A boycott one by one would reestablish our influence
and with the internet, it could happen.

ty webb

February 17th, 2012
11:10 am

Jay would’ve defended Bush from these same attacks years ago, but party allegiance prevented him from doing so…cut him some slack. So there’s a few inconsistencies in “speaking truth to power”, big whoop.

AmVet - Heebing Doraville since 1979.

February 17th, 2012
11:11 am

Am I now led to believe that he America-hating, Uppity Muslim, Kenya, Marxist without a birth certificate is no longer using overt methods to implement socialism??? (Or is it sharia law?)

The sneaky little Arab is resorting to undercover methods?

OH NOES!!!

NOW WE ARE DOOMED!!!

Fetus on a stick

February 17th, 2012
11:12 am

Election year politics…. Lybia, few skirmishes some people killed we fire rockets, drop bombs, and establish a no-fly zone. BUT in an election year Syria is commiting mass slaughter against their own people in a way Kadafi could only be jealous of, and we condemn it in the strongest way. And if they don’t stop, we’ll say “Stop!” agian. Nary a single missle, no no-fly zone, nary a single bullet.
In a non-election year, we cannot stand by and watch somebody slaughter their own population. In an election year, suddenly we need to stay out of it and allow the killing to continue unabated.

Human life is a very, very cheap thing to obama. Good thing the syrians are expendable. Just dumb arabs I guess, huh?

Butch Cassidy

February 17th, 2012
11:12 am

barking frog – “A boycott one by one would reestablish our influence
and with the internet, it could happen.”

It did, twice back in the 70’s. The result was people waiting in line for hours for a single gallon of gas.