World oil producers quake at prospect of Newt

Rick Perry, now consigned to spinning on behalf of former House Speaker Newt Gingrich, this week demonstrated the energy-industry expertise he has gained during his service as Texas governor:

“As a matter of fact, perception is everything in this world we live in, and if the perception is Newt Gingrich could be the next president of the United States, that will have a worldwide effect, I will suggest to you, on the price of oil. And people who watch these markets and people who deal with these markets understand, that when you see the type of approach that he’s talking about — opening up federal lands and waters, opening up that pipeline from Canada, clearly giving incentives to drill in America for domestic energy, and then an all of the above policy, whether it’s wind or nuclear or whatever it might be — that will have a dampening effect on the cost of oil in particular and the other energy prices as well.”

That’s right, just the mere perception that Gingrich could be president would be enough to cause global oil prices to fall. But of course, in the extremely unlikely event that it did so, a lot of the higher-priced drilling operations in Perry’s home state of Texas would become uneconomical and cease operation.

Because, you know, that’s what happens. If oil drops to $70 a barrel, the incentive to look for it and drill for it falls as well, which drives the price of oil back up.

And as already documented, oil production in the United States has jumped by more than 20 percent in the last five years, while domestic consumption has fallen by more than 2 million barrels a day. Yet despite America pushing on both sides of the supply/demand equation, global oil prices have continued to rise.

Then again, those global oil prices have yet to experience the power of the Newt.

– Jay Bookman

554 comments Add your comment

willydoit?

February 24th, 2012
10:58 am

Didn’t Reagan do the same thing? Threaten to open America’s oil fields…prices dropped to $22 a barrel?

GW

February 24th, 2012
11:01 am

Normal

February 24th, 2012
11:02 am

The oil “situation” is really just free market enterprise at it’s best, isn’t it?

beejay

February 24th, 2012
11:07 am

I think Jay Bookman quakes at the prospect of Newt.

(ir)Rational

February 24th, 2012
11:07 am

I’m going to go ahead and say it just for the fun of it. They would be quaking, but only because of him waddling over. :)

Common Sense

February 24th, 2012
11:09 am

Under Obama, world Oil prices have tripled. It’s not because of demand. Demand is down. Way down.

These oil prices have already experienced the power of Obama.

More profit from the sale of $1 of gasoline goes to the Federal government than it does to the corporations that take all the risk to manufacture and produce it.

Now that is the power of Obama.

M

February 24th, 2012
11:09 am

People who vote based on gas prices scare me.

Doggone/GA

February 24th, 2012
11:10 am

” It’s not because of demand. Demand is down. Way down.”

Not on the world market it isn’t. It’s up, and continues to go up as we speak.

Adam

February 24th, 2012
11:10 am

Oil production up.
Oil drilling permits up.
Oil world supply up.
Amount of drilling platforms in U.S. waters up, and greater than anywhere else.

No excuses. The reason gas prices are climbing has NOTHING to do with something we’re not doing. The moratorium has LONG been over, and plenty of permits have been issued to catch up to the supposed “loss” and then some.

If you fellas think you have any actual FACTS to prove otherwise, go for it. Otherwise: http://fc08.deviantart.net/fs31/f/2008/209/3/d/Picard_shenanigans_by_bthauronite.jpg

Hey Northerners help us down here...

February 24th, 2012
11:10 am

We are at war in the state of Georgia…

http://www.youtube.com/watch?v=_kH_EZF0XqM

HDB

February 24th, 2012
11:12 am

Question: Why is Newt challenging the free market at work? Oil production is up, consumption in the US is down…but the market is flowing oil to where it can get the most profit!! Only way to bring oil prices down in the US is to NATIONALIZE the oil companies….like Chavez did CITGO in Venezuela (and we know how that ideas will float in the US!!)……………

Don't Forget

February 24th, 2012
11:13 am

Perry has forgotten how much extra fuel that Air Force one would have to use getting that lard adze off the ground.

Eat the Rich

February 24th, 2012
11:13 am

Oil is pricing in a low probability of Newt being elected.

Long live Obama and high gas prices! Woohoo!

Eat it Humvee and truck drivers!

John Galt

February 24th, 2012
11:14 am

Enough of the BS on declining oil supplies. There are no shortages of crude anywhere in the world.

The monetary policy of the US and European nations decimating the real value of their currencies is the real culprit here.

And what is the Fed strategy going forward? Ultra low interest rates.

Amazing that when priced in real currencies like gold or silver, the price of oil is relatively stable over not just years, but decades.

Brosephus™ - Some things simply make you think WTF??

February 24th, 2012
11:15 am

The oil “situation” is really just free market enterprise at it’s best, isn’t it?

Yep, it is. The believers in the free market just don’t seem to want to believe in it when it’s whipping their ass.

“Sometimes you eat the bear, and sometimes the bear eats you.”

–Thomas Jefferson

Butch Cassidy

February 24th, 2012
11:15 am

HDB – “Only way to bring oil prices down in the US is to NATIONALIZE the oil companies”

Exactly. When did the GOP suddenly decide that socialism is good, free markets are bad, and the government needs to step in to save everyone?

Eat the Rich

February 24th, 2012
11:16 am

Stupid redneck truck and SUV Republican drivers.

They should go buy a Yaris. Dumb Fat Americans.

Delaware Jack

February 24th, 2012
11:17 am

The National Retail Fuel Price Average for Regular gas was $1.84 per gallon in January 2009 when Obama took office. In February, 2012, it is now $3.60 a gallon. Even the most delusional Obama supporter can no longer blame anybody else BUT Obama himself for this shocking rise ! ….. I guess this was what Obama meant by “ Change, Change, Change “ !!! Yep , let’s re-elect Obama so that it can go up the same percentage of 195%+ … to $7.02 per gallon …. and so it goes ..

Brosephus™ - Some things simply make you think WTF??

February 24th, 2012
11:17 am

Under Obama, world Oil prices have tripled. It’s not because of demand. Demand is down. Way down.

As Doggone alluded to, oil is now a global commodity and not just a domestic one. Our specific demand doesn’t mean diddly squat on the global market as our demand doesn’t dictate world demand. Welcome to the new age of the global market. Our domestic supply and demand no longer applies. It’s all about global thinking now.

Butch Cassidy

February 24th, 2012
11:17 am

Eat the Rich – “Stupid redneck truck and SUV Republican drivers.”

I don’t know if they’re stupid or not, they just need to accept responsibility for their choices in life.

godless heathen©

February 24th, 2012
11:18 am

“Perry has forgotten how much extra fuel that Air Force one would have to use getting that lard adze off the ground.”

Compared to Michelle?

Eat the Rich

February 24th, 2012
11:19 am

Obama is a good president. He has delivered gradually increasing oil prices as he said was a good idea.

Good job Mr. President.

Butch Cassidy

February 24th, 2012
11:19 am

Deleware Jack – “Yep , let’s re-elect Obama so that it can go up the same percentage of 195%+ … to $7.02 per gallon …. and so it goes ..”

If that’s what the market dictates. Tell us Jack, how long have you been a socialist, and why do feel that you are entitled to cheap fuel?

Brosephus™ - Some things simply make you think WTF??

February 24th, 2012
11:20 am

The National Retail Fuel Price Average for Regular gas was $1.84 per gallon in January 2009 when Obama took office. In February, 2012, it is now $3.60 a gallon.

Care to research the global demand for oil/gas then versus now? Or care to point out the difference in gas and other fuel exports between those two times? Or should I just go ahead with a facepalm to show my true feelings for your rhetoric regurgitation effort?

Mick

February 24th, 2012
11:20 am

It’s the speculators, let only the people that have the capacity to store the oil have access to the futures market. That right there should mitigate some of the problem…

godless heathen©

February 24th, 2012
11:20 am

“Long live Obama and high gas prices! Woohoo!”

As stated before. Keeps the poor folks off the road.

Peadawg

February 24th, 2012
11:20 am

“Then again, those global oil prices have yet to experience the power of the Newt.”

Epic ending sentence!

Road Scholar

February 24th, 2012
11:21 am

It’s the speculators that is affecting oil prices. The middle east? Iran? And whateaver “hotspot” is the flavor du jour. Hasn’t the Middle east been the cause numerous times? The FEAR that something was going to happen!These speculators should be arrested for treason! What good comes from fear and manipulating prices? Oh the uncertainty!!! When the hell has there been certainty? Give me a break!

Eat the Rich

February 24th, 2012
11:22 am

Butch

Cons don’t take responsibility. Toe tappers…..

M

February 24th, 2012
11:22 am

I wish there was an ignore feature for the trolls/paid shills.

Butch Cassidy

February 24th, 2012
11:23 am

Road Scholar – “When the hell has there been certainty?”

When people thought the earth was flat
When people thought the sun revolved around the earth
When people thought the sound barrier couldn’t be broken
When people thought McCain would win……..:)

Eat the Rich

February 24th, 2012
11:24 am

Godless

It keeps dumb people off the road too. High gas prices are great. Think of the future! Solar, wind, clean energy. No one will need gas in 10 or 15 years.

Adam

February 24th, 2012
11:25 am

as he said was a good idea.

Not intended to be a factual statement.

Road Scholar

February 24th, 2012
11:25 am

Butch: Well done…but you mean the world isn’t flat? I thought it ended only when Americans said it should!

HDB

February 24th, 2012
11:25 am

Brosephus™ – Some things simply make you think WTF??

February 24th, 2012
11:20 am

Make sure that people need to understand that the DEMAND also includes the diversion of petrochemicals to make PLASTICS…like in the construction of iPads…….and the increase in oil demand is based primarily in China……

Are Americans calling for the nationalization of the oil companies now????

godless heathen©

February 24th, 2012
11:25 am

I thought Dems were the champions of the working man and the poor, but here they seem to be downright gleeful about high gas prices. High gas prices aren’t hurting the rich, folks. It’s the working man that has to fill up his 2002 Taurus to get to work every day. And I don’t think he can afford a Prius.

jconservative

February 24th, 2012
11:26 am

You can expect that oil pipeline from Canada to be approved by the White House in late summer – say the morning of the opening day of the Republican National Convention in Tampa.

That would result in 100% of the speeches to be partially re-written at the last minute.

Eat the Rich

February 24th, 2012
11:26 am

High gas prices.

Winning the Future mofo’s. Obama is cremating the republicans in their own oil filled pig sty.

John Galt

February 24th, 2012
11:26 am

January 2009: One ounce of silver would purchase 8.36 gallons of gas
February 2012: One ounce of silver would purchase 9.55 gallons of gas.

The problem is the currency.

godless heathen©

February 24th, 2012
11:27 am

Dream on, Eat.

Mr. Snarky

February 24th, 2012
11:27 am

Yes, let’s subsidize drilling to lower gas prices so we can speed up global warming! Great idea!
Hope everyone is enjoying the warm weather!

Adam

February 24th, 2012
11:27 am

godless: I thought Dems were the champions of the working man and the poor, but here they seem to be downright gleeful about high gas prices

Please PLEASE tell me how you got that impression. Do you not realize that Butch, for example, is making fun of the usual con arguments now that they seem to be in support of governmental takeover as cost control?

Road Scholar

February 24th, 2012
11:27 am

I have not heard any details on how Newt is going to pull off $2 /gal gas, but I understand it includes Chili dogs and onion rings from the Varsity!

Don't Forget

February 24th, 2012
11:28 am

The oil “situation” is really just free market enterprise at it’s best, isn’t it?

Actually I disagree. Energy is unique in that it is the same no matter what the source. If you were the first guy on the block to buy a plasma TV for example, you were the one who benefited from the new technology and paid the higer price for it. Over time, more people buy the technology and the price goes down due to economies of scale, production efficiencies, design improvements, etc. Energy is completely different. The benefits of alternative are spread out to everyone. We all breath the same air, use the same water, pay for the same military, etc. The energy market simply doesn’t recognize the benefits of alternative energy and as a result many view it as too costly while ignoring the costs. And so we continue to fund the terrorists.

Talking Head

February 24th, 2012
11:28 am

If the world’s largest consumer of oil also became the world’s largest supplier of oil, would the price of oil drop?

Me thinks so.

Brosephus™ - Some things simply make you think WTF??

February 24th, 2012
11:28 am

Make sure that people need to understand that the DEMAND also includes the diversion of petrochemicals to make PLASTICS

You’re trying to teach calculus to people who are having a hard time with basic algebra. I wouldn’t even attempt to throw additional variables, such as that, into the conversation just yet. Maybe after they get the understanding of how global supply/demand trumps domestic, then we can introduce other variables into the equation. One must crawl before one can walk. :)

Adam

February 24th, 2012
11:29 am

jconservative: That would result in 100% of the speeches to be partially re-written at the last minute.

Ha, that would be poetic justice. not gonna happen, but it’s a funny thought. If it DID happen, I bet some of them would still say exactly what they were gonna say to begin with.

Eat the Rich

February 24th, 2012
11:30 am

Working man can always take the bus if he can’t afford a Prius.

Mick

February 24th, 2012
11:30 am

godless

I’ve been looking but haven’t found a dem yet that seems to be cheering on higher oil prices. Maybe it’s your imagination at work…

Adam

February 24th, 2012
11:30 am

Talking Head: If the world’s largest consumer of oil also became the world’s largest supplier of oil, would the price of oil drop?

Even if we drill everywhere possible, this will not happen.

godless heathen©

February 24th, 2012
11:30 am

Eat: Yes, Obama should campaign on that theme. “Cremating Americans in their oil filled pig sty. Don’t feel bad about the $5 a gallon gas Mr. Blue Collar Democratic voter, I’m sticking it to those Republicans in their gas guzzlers.”

Adam

February 24th, 2012
11:31 am

Eat the Rich: Working man can always take the bus if he can’t afford a Prius.

Not in most southern and midwestern areas. Hell, any non-urban area.

Common Sense

February 24th, 2012
11:32 am

“Even if we drill everywhere possible, this will not happen.”

Certainly not a factual statement.

Eat the Rich

February 24th, 2012
11:32 am

Suburbanites, time to move in town. Sell your polluting cul-de-sac home and get a nice apartment in Buckhead. You’ll like it.

Don't Forget

February 24th, 2012
11:33 am

Talking Head

February 24th, 2012
11:28 am

If the world’s largest consumer of oil also became the world’s largest supplier of oil, would the price of oil drop?

Me thinks so.

Actually we’re not that far from being there now.
http://www.nationmaster.com/graph/ene_oil_pro-energy-oil-production

godless heathen©

February 24th, 2012
11:33 am

Mick,

You are kidding, right?

“High gas prices are great.”
“Obama is cremating the republicans in their own oil filled pig sty.”

And more in the previous thread.

Common Sense

February 24th, 2012
11:34 am

“Because, you know, that’s what happens. If oil drops to $70 a barrel, the incentive to look for it and drill for it falls as well, which drives the price of oil back up.

And as already documented, oil production in the United States has jumped by more than 20 percent in the last five years, while domestic consumption has fallen by more than 2 million barrels a day. Yet despite America pushing on both sides of the supply/demand equation, global oil prices have continued to rise.”

Yet the price of a barrel fell to below $40 and they still kept drilling.

Natural gas prices are at record lows and they still keep drilling.

Contradicting yourself is never a good thing.

Talking Head

February 24th, 2012
11:36 am

Adam,

“Talking Head: If the world’s largest consumer of oil also became the world’s largest supplier of oil, would the price of oil drop?

Even if we drill everywhere possible, this will not happen.”

Care to back up this claim, Adam? Or is this just another because Adam said so?

Towncrier

February 24th, 2012
11:36 am

I’m not sure I see the point, the raison d’être, for this column. I mean does it really matter at this point what Rick Perry might say pertaining to the presidential election? If one keeps harping on mistakes one side makes while remaining seemingly oblivious to those the other side make, doesn’t it make one more of a propagandist than anything?

Adam

February 24th, 2012
11:36 am

Maybe after they get the understanding of how global supply/demand trumps domestic, then we can introduce other variables into the equation

Let’s try this:

It’s like if Texas suddenly decided they needed tons of oil for the new awesome heavy duty truck with a Confederate flag on it they just built because consumer demand was super high. People are trading in their Prius’ and some are buying for the first time. The truck gets 9 miles per gallon but WHO CARES because it’s a new awesome collector’s item and is the best way to prove your dick is bigger than that guy with the F-150. Suddenly oil demand in Texas is super high. Everyone in every other state gradually and slowly moves to buying the Prius and other hybrid or electric cars, but some still have old cars. We drill in all other 49 states, and yet we can’t keep up with the demand of Texas.

Replace Texas with China and other parts of Asia, and “other 49 states” with all of the U.S. and its waters, and that is what the global market is like.

Jefferson

February 24th, 2012
11:37 am

If the President froze prices, like Pres Nixion did, he would get blamed for interfering. The speculators are the blame, change that game and the problems lessen.

Adam

February 24th, 2012
11:38 am

Talking Head: Care to back up this claim, Adam? Or is this just another because Adam said so?

If you think that an increase of 11-18% of the world’s oil production is possible purely from U.S. land and waters using the resources currently available or even projected to be available, then you’re kidding yourself. It is not possible to increase our supply from our own land and waters to meet, 100%, the demand of the United States. You are, of course, welcome to show me evidence proving otherwise since your statement to the contrary was made first.

Normal

February 24th, 2012
11:39 am

Mick

February 24th, 2012
11:30 am

Always figured it’s a waste of time worrying about the things you can’t control. All you can do improvise… :)

Common Sense

February 24th, 2012
11:39 am

“If”

Building your case on “If” has never been factually correct.

Eat the Rich

February 24th, 2012
11:40 am

You people who want to drill, like Adam, are violating the Earth. All the Canadian tribes are against the pipeline. Capitalists want to just rape this planet and have no respect for the planet. All you immigrants who don’t respect the earth like the real natives should GRFO of this country.

Starting with you Adam. Planet killer.

Guy Incognito

February 24th, 2012
11:40 am

“and is the best way to prove your dick is bigger than that guy with the F-150.”

Stay classy Adam

Normal

February 24th, 2012
11:40 am

Jefferson

February 24th, 2012
11:37 am

…and anybody living back during that fiasco will remember how well that worked out…

Brosephus™ - Some things simply make you think WTF??

February 24th, 2012
11:40 am

If the world’s largest consumer of oil also became the world’s largest supplier of oil, would the price of oil drop?

Me thinks so.

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2178rank.html

The US is #13 on the list of proven oil reserves. There are only 3 other non-OPEC countries with more proven reserves than the US and they are Canada, Russia, and Kazakhstan. Even if those three joined up with the US, that would only be enough reserves to surpass Saudia Arabia. As long as oil is a resource, it will be controlled by OPEC. The only way the US will become the largest supplier is if we invade and annex each and every OPEC country until they all sign over their oil reserves to us.

Fred ™

February 24th, 2012
11:41 am

Eat the Rich

February 24th, 2012
11:13 am

Oil is pricing in a low probability of Newt being elected.

Long live Obama and high gas prices! Woohoo!

Eat it Humvee and truck drivers!
++++++++++++++++++++++++++++

Do you live in a tent?

Towncrier

February 24th, 2012
11:42 am

“And as already documented, oil production in the United States has jumped by more than 20 percent in the last five years, while domestic consumption has fallen by more than 2 million barrels a day. Yet despite America pushing on both sides of the supply/demand equation, global oil prices have continued to rise.”

One thing I have heard Gore say, and it’s the same thing I have thought for years, is that the government ought to pursue the discovery of a viable alternative energy source the same way we sought to land on the moon beginning with Kennedy – in a ten year period of time. That to me makes a lot of sense.

Fred ™

February 24th, 2012
11:43 am

Butch Cassidy

February 24th, 2012
11:17 am

Eat the Rich – “Stupid redneck truck and SUV Republican drivers.”

I don’t know if they’re stupid or not, they just need to accept responsibility for their choices in life.
+++++++++++++++++++++++++++++

Do YOU live in a tent as well?

Brosephus™ - Some things simply make you think WTF??

February 24th, 2012
11:43 am

Building your case on “If” has never been factually correct.

Does that imply that you also disagree with Talking Head’s original post since his argument hinged on the same word?

Adam

February 24th, 2012
11:44 am

You people who want to drill, like Adam, are violating the Earth. All the Canadian tribes are against the pipeline. Capitalists want to just rape this planet and have no respect for the planet. All you immigrants who don’t respect the earth like the real natives should GRFO of this country.

Starting with you Adam. Planet killer.

Yeah, that’s totally my position. So SO glad you have me all figured out. Here’s a cookie.

Adam

February 24th, 2012
11:45 am

Brosephus: Does that imply that you also disagree with Talking Head’s original post since his argument hinged on the same word?

Dang! Beat me to it!

jewcowboy

February 24th, 2012
11:45 am

Butch Cassidy,

“I don’t know if they’re stupid or not, they just need to accept responsibility for their choices in life.”

Bingo! I chose to buy a car that get 14mpg…but then I also chose to live and work near MARTA and only drive about 20 miles a week. One would think that the party of “personal responsibility” would expect others to be personally responsible for their choices.

Josey Whales

February 24th, 2012
11:45 am

Newt also said if he is elected, he will jump on the roof and blow out the sun. All marriages will be approved to become plural marriages, and Newt will be the first sitting President to get a National Holiday observed by everyone, except minorities, women, teenagers, old people, and the new unions(babies)…..

Talking Head

February 24th, 2012
11:45 am

Adam,

As Common Sense said, “If”

Building your case on “If” has never been factually correct.

RB from Gwinnett

February 24th, 2012
11:45 am

Its going to be funny to watch all you liberals trying to explain why Bush was at fault when gas prices went up, but somehow Obama isn’t. Be prepared to defend every last one of your “Bush’s big oil buddies” comments. Let the but but but but spin begin!!!

Butch Cassidy

February 24th, 2012
11:45 am

godless heathen – “I thought Dems were the champions of the working man and the poor, but here they seem to be downright gleeful about high gas prices. ”

Or, contrary to popular belief, they actually belive in free trade and capitolism just as much as the Reps do.

Jimmy62

February 24th, 2012
11:45 am

If Obama hadn’t put so much effort in to devaluing the dollar, gas wouldn’t be much higher than it was before. That said, additional drilling would help some. Plenty of people were saying about a decade ago that we shouldn’t drill in ANWR because it would take 10 years to make a difference. Then again, not doing QE2 would have made an even bigger and better difference.

godless heathen©

February 24th, 2012
11:46 am

Bro:

Those are proven reserves, meaning they have been proven by exploratory drilling. No one knows how much oil there is on the Continental Shelf or in northern Alaska. (Well, except Adam.) And we won’t know until those areas are drilled. Drill baby drill.

Brosephus™ - Some things simply make you think WTF??

February 24th, 2012
11:49 am

Talking Head
February 24th, 2012
11:45 am

Adam,

As Common Sense said, “If”

Building your case on “If” has never been factually correct.

—————————–

Talking Head
February 24th, 2012
11:28 am

If the world’s largest consumer of oil also became the world’s largest supplier of oil, would the price of oil drop?

Me thinks so.

Are you saying your original post was factually incorrect?

Fred ™

February 24th, 2012
11:49 am

RB from Gwinnett

February 24th, 2012
11:45 am

Its going to be funny to watch all you liberals trying to explain why Bush was at fault when gas prices went up, but somehow Obama isn’t. Be prepared to defend every last one of your “Bush’s big oil buddies” comments. Let the but but but but spin begin!!!
++++++++++++++++++++++++++++++++++++++++++++++++

That was taken care of last week when your talk show puppet masters first brought this up RB. TRY to keep a little current with your nonsensical rants would you please?

Adam

February 24th, 2012
11:49 am

RB: Be prepared to defend every last one of your “Bush’s big oil buddies” comments.

Find a single comment that I ever said anything remotely like that. Go ahead. I’m waiting….

Bruno

February 24th, 2012
11:49 am

I’m not sure I see the point, the raison d’être, for this column. I mean does it really matter at this point what Rick Perry might say pertaining to the presidential election? If one keeps harping on mistakes one side makes while remaining seemingly oblivious to those the other side make, doesn’t it make one more of a propagandist than anything?

TownCrier–Sadly, Jay has morphed into the Limbaugh of the Left. Without the ratings, of course.

Adam

February 24th, 2012
11:51 am

Talking Head: You have a problem of the use of the word if? Did you even read what I said or are you just stuck on what I understand your position to be. Because my argument does not, in fact, hinge on “if.” Show me where, IF (ha) you think otherwise.

Butch Cassidy

February 24th, 2012
11:51 am

RB from Gwinnett – “Its going to be funny to watch all you liberals trying to explain why Bush was at fault when gas prices went up, but somehow Obama isn’t.”

Then be prepared for disappointment since we already covered this a week ago, and we are all in agreement that Bush couldn’t control the price of gas when he was president anymore than Obama can now. I guess current events aren’t your strong suit. Oh, and you might be interested to know that we landed on the moon as well.

CJ

February 24th, 2012
11:51 am

Actually, I suspect that Perry might have a little bit of a point. The beating of the war drums with regard to Iran certainly isn’t helping the price of gasoline at the pump. We can thank Gingrich, Santorum, and Romney for that.

Fred ™

February 24th, 2012
11:52 am

TownCrier–Sadly, Jay has morphed into the Limbaugh of the Left. Without the ratings, of course.

You mean he’s a fat, disgusting, smelly cigar smoking, pig who is abusing drugs and will continue to do so until he goes deaf and then will buy his way out of prosecution?

Jay? Any truth to these disgusting rumors?

Brosephus™ - Some things simply make you think WTF??

February 24th, 2012
11:52 am

godless

Suppose we go and explore those areas and find little to nothing. What then? Unless we find the golden lair where all the dinosaurs buried their dead, we’re not going to find enough oil to supply us AND put excess on the market. I just don’t see it happening. Our best bet is to continue to push efficiency standards, make better use of bridge fuels, and commission a “Manhattan Project” type undertaking to find a viable replacement. Until then, we’re simply giving money to OPEC.

Fred ™

February 24th, 2012
11:53 am

Oh, and you might be interested to know that we landed on the moon as well.

Yeah right. And the NEXT thing you’re going to try to get me to believe is that the Red Sox won a world series……..

Eat the Rich

February 24th, 2012
11:53 am

Bush was an oil man and tried to hide that he liked high oil. Obama is open about favoring high oil and doesn’t personally benefit and his buddies don’t either.

I only wish the government had higher gas taxes. That would get more people out of their cars and also keep more oil money at home.

Of course ideally they would just ban oil. But the corrupt people out there (including Obama) won’t go that far.

Joe Hussein Mama

February 24th, 2012
11:54 am

RB — “Its going to be funny to watch all you liberals trying to explain why Bush was at fault when gas prices went up, but somehow Obama isn’t. Be prepared to defend every last one of your “Bush’s big oil buddies” comments.”

I will be pleased to defend “every last one” of my “Bush’s big oil buddies” comments.

Just as soon as you link me to every one I’ve ever made. Start looking.

Butch Cassidy

February 24th, 2012
11:54 am

What I want to hear is RB try and spin how he’s suddenly for nationalizing the oil industry i.e. SOCIALISM after spending so much time complaining about the government interfering in the free market and personal responsibility.

Go on RB, we’re all waiting.

Adam

February 24th, 2012
11:55 am

Butch: Oh, and you might be interested to know that we landed on the moon as well.

That was a hoax. And MythBusters is in the pocket of big government. Or something.

AmVet

February 24th, 2012
11:55 am

Bruno, comparing Jay to that revolting, slime merchant is beyond the pale.

Let’s put it this way, you make a list of the disgusting, abhorrent, degrading things that JB has written or said and I’ll do the same for the repugnant slime merchant.

If you can come up with even a couple of things, I’ll be shocked.

As will be the case if I don’t come up with dozens.

There is NO comparison.

Towncrier

February 24th, 2012
11:56 am

“You mean he’s a fat, disgusting, smelly cigar smoking, pig who is abusing drugs and will continue to do so until he goes deaf and then will buy his way out of prosecution?”

Is this an illustration of how one stops up his ears to anything and everything an opponent might say?

Bruno

February 24th, 2012
11:56 am

The beating of the war drums with regard to Iran certainly isn’t helping the price of gasoline at the pump. We can thank Gingrich, Santorum, and Romney for that.

News Flash, CJ–None of the gentleman you just mentioned hold any type of political office. And, if Jay is correct, not one of them has even a snowball’s chance in heck of beating Obama. As such, how can you blame world events on a bunch of broken-sown candidates?? Did you wear out your “Blame Bush” card by any chance??

Obama’s second-term strategy: Blame the previous Republican candidates.

Brosephus™ - Some things simply make you think WTF??

February 24th, 2012
11:57 am

I love the Bush oil stuff. I didn’t blame Bush for the price of oil because I didn’t think he was capable of pulling off such a feat based on his previous oil business dealings. My original issue was with Cheney until I began to read deeper into things. I figured out that neither one of them had much control over prices long before they vacated the WH.

Matthias Klein

February 24th, 2012
11:57 am

Gas is so expensive because price agreements are not based on love you neighbor as yourself but how can I get the most out of it. It seems like the USA is one of the smartest countries when it comes to selfish profit. So I assume that the gas price would be at least as high if most of the oil came from the USA.

Watch my video: What Exactly Is Evil About the 1%?
http://www.youtube.com/watch?v=r-s3XqbU81k