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
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554 comments Add your comment
Stephenson Billings
February 24th, 2012
11:59 am
I thought the president and his big oil buddies in the White House are the reason for high gas/oil prices…. oh, wait, that was only Bush. Gotcha.
I will commend the libs finally realizing the fact that there are a lot of outside forces that contribute to the price of gas and oil and that it’s not the president. Just wondering what took so long… actually, I know the answer to that one
Brosephus™ - Some things simply make you think WTF??
February 24th, 2012
11:59 am
An interesting side read on oil
http://www.washingtonpost.com/blogs/ezra-klein/post/americas-getting-more-oil-efficient–but-not-quickly-enough/2012/02/24/gIQAvV6lXR_blog.html
The trouble is that this increase in efficiency hasn’t been fast enough to offset the rising price of oil. The United States might be consuming less and drilling more, but it’s still at the mercy of global forces that affect crude prices everywhere. To take one example, there’s been a lot of hype over North Dakota’s Bakken shale field, which now produces an impressive 500,000 barrels of oil per day. But that’s only about the size of the one-year uptick in Chinese oil consumption between 2010 and 2011.
So even with increased efficiency, the United States is still getting hammered by rising oil prices. One place to see this is in import data. America now imports 15 percent less foreign oil than it did in 2005. Yet prices remain stratospheric, thanks to healthy demand overseas and the tense situation in the Middle East (Libya last year, Iran this year). And so, even with imports falling, the United States still paid more for foreign crude in 2011 — $326.5 billion — than it did in any year save for 2008. Likewise, Americans are driving less, but they still paid $102 billion more for gasoline last year than they did in 2010.
Fred ™
February 24th, 2012
12:00 pm
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?
++++++++++++++++++++++++++
I dunno, you stopping up your ears? Or are you saying that you worship drug addicts and hold dear to your heart their drug induced ramblings?
how about drunks?
Bruno
February 24th, 2012
12:00 pm
Is this an illustration of how one stops up his ears to anything and everything an opponent might say?
TC–That’s about all you’re going to get from the Lib crowd here. Today’s first column is a perfect illustration. While Doom made coherent arguments, all the Libs could do was fall over themselves seeing who could come up with the most vile personal criticism of the concerned teacher. High marks to Brosephus for presenting intelligent counter-arguments, but I don’t consider him a Lib. He’s a Con all the way, he just doesn’t know it yet.
Doggone/GA
February 24th, 2012
12:01 pm
“If the world’s largest consumer of oil also became the world’s largest supplier of oil, would the price of oil drop?”
No, it wouldn’t.
Towncrier
February 24th, 2012
12:01 pm
“There is NO comparison.”
I can’t speak to that, as I don’t really listen to Rush (though I do listen to other talk show hosts). But a propagandist in a business suit is still a propagandist. And at least half the time, that is what I feel Jay is (or has become).
godless heathen©
February 24th, 2012
12:01 pm
Bro:
“Suppose we go and explore those areas and find little to nothing. What then?”
We might not find anything so there is no need to look?
“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.”
And you are a preeminent exploration geologist with a crystal ball?
“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.”
I have no problem with that statement, however, the magic bullet is not going to come any time soon (according to my 8-ball prediction ball) and the economies of the world will remain dependent on oil for energy for a long time.
Brosephus™ - Some things simply make you think WTF??
February 24th, 2012
12:01 pm
Bruno: but I don’t consider him a Lib. He’s a Con all the way, he just doesn’t know it yet.
Not according to the cheerleaders in the Rabid Right section.
RB from Gwinnett
February 24th, 2012
12:02 pm
You liberals are trying really hard to BE communists without being CALLED communists as if somehow calling it something different will change the outcome.
Fred ™
February 24th, 2012
12:02 pm
Bruno
February 24th, 2012
11:56 am
Obama’s second-term strategy: Blame the previous Republican candidates.
++++++++++++++++++++
LOL Freaking awesome. I missed CJ’s comment the first time, but you nailed it pretty good there.
Joe Hussein Mama
February 24th, 2012
12:02 pm
Bruno — “While Doom made coherent arguments”
I must have missed that thread.
F. Sinkwich
February 24th, 2012
12:02 pm
All of you are missing the point. We learned yesterday that the answer to our energy needs is not fossil fuels. It’s algae!
Been driving around all morning looking for a QT to fill up the family truckster with a tank of algae, but I couldn’t ever find an algae pump.
I think I’ve been misled…
Stephenson Billings
February 24th, 2012
12:03 pm
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.”
Glad to know you’re a lot smarter than most of the lib Congresspeople and media at the time….
Adam
February 24th, 2012
12:03 pm
Billings: I will commend the libs finally realizing the fact that there are a lot of outside forces that contribute to the price of gas and oil and that it’s not the president. Just wondering what took so long… actually, I know the answer to that one
The question is: do you now support the media and the Republicans (one and the same now) bashing the President for gas prices in current times?
Towncrier
February 24th, 2012
12:04 pm
“I dunno, you stopping up your ears? Or are you saying that you worship drug addicts and hold dear to your heart their drug induced ramblings? ”
I guess you assumed that I listen to Rush, which I do not. I might see a printed excerpt of something he said from time to time, but that is about all. I probably would agree with a lot of what he says. I don’t so much agree with what he does.
Adam
February 24th, 2012
12:04 pm
RB: You liberals are trying really hard to BE communists without being CALLED communists as if somehow calling it something different will change the outcome.
What a useless rant. Pray tell, how am I “trying to be” a communist RB?
Joe Hussein Mama
February 24th, 2012
12:04 pm
RB — “You liberals are trying really hard to BE communists without being CALLED communists as if somehow calling it something different will change the outcome.”
We’re not the ones trying to socialize the US petroleum industry. That’s your side.
Brosephus™ - Some things simply make you think WTF??
February 24th, 2012
12:04 pm
godless
Not once have I said not to look. I would like to think that, in addition to exploration for new reserves, people would also champion exploration for getting ourselves off of oil as much as possible. We already have CNG powered vehicles, gas turbines for electricity generation, and even diesel engines can be converted to running on vegetable oils. Instead of focusing only on searching for the next fix, I think we should also be searching on a replacement. Imagine how easy it would be to corner the market on an energy source that you find/create.
Michael
February 24th, 2012
12:06 pm
And the price of Diamonds at Tiffany’s would go way up. perry has been proven to be a joke and that is why he is back in Texas now.
Stephenson Billings
February 24th, 2012
12:06 pm
From the WSJ:
‘Stupid’ and Oil Prices
Obama’s Forrest Gump analysis of rising gas prices.
“‘The American people aren’t stupid,” thundered President Obama yesterday in Miami, ridiculing Republicans who are blaming him for rising gasoline prices. Let’s hope he’s right, because not even Forrest Gump could believe the logic of what Mr. Obama is trying to sell.
[snip]
It’s true enough that oil prices can’t be commanded from the Oval Office, so in that sense Mr. Obama’s disavowal of blame is a rare show of humility in the face of market forces. Would that he showed similar modesty in trying to command the tides of home prices, car sales (”cash for clunkers”), or the production of electric batteries.
[snip]
Another suspect—one Mr. Obama doesn’t like to mention—is U.S. monetary policy. Oil is traded in dollars, and its price therefore rises when the value of the dollar falls, all else being equal. The Federal Reserve throughout Mr. Obama’s term has pursued the easiest monetary policy in modern times, expressly to revive the housing market. It has done so with the private support and urging of the White House and through Mr. Obama’s appointees who are now a majority on the Fed’s Board of Governors.
Oil staged its last price surge along with other commodity prices when the Fed revved up its second burst of “quantitative easing” in 2010-2011. Prices stabilized when QE2 ended. But in recent months the Fed has again signaled its commitment to near-zero interest rates first through 2013, and recently through 2014. Commodity prices, including oil, have since begun another surge, and hedge funds have begun to bet on commodity plays again. John Paulson says he’s betting on gold, the ultimate hedge against a falling dollar.
Fed officials and Mr. Obama want to take credit for easy money if stock-market and housing prices rise, but then deny any responsibility if commodity prices rise too, causing food and energy prices to soar for consumers. They can’t have it both ways, as not-so-stupid Americans intuitively understand when they buy groceries or gas. This is the double-edged sword of an economic recovery “built to last” on easy money rather than on sound fiscal and regulatory policies.”
Adam
February 24th, 2012
12:06 pm
godless: We might not find anything so there is no need to look?
We might not find enough, so there is no URGENCY to drill drill drill. Aside from that, even after decades of drilling more than anyone else, we STILL haven’t affected the gas prices in a downward direction.
Brosephus™ - Some things simply make you think WTF??
February 24th, 2012
12:07 pm
Glad to know you’re a lot smarter than most of the lib Congresspeople and media at the time….
I wouldn’t necessarily say I’m smarter than anybody else. I just don’t believe the first thing I hear. I choose to use the good googley to research and formulate my own opinions based upon verifiable facts that are available to me at that time. I also reserve the right to adjust my opinions based upon facts that may appear after my initial opinion is formed.
Fred ™
February 24th, 2012
12:07 pm
Towncrier
February 24th, 2012
12:01 pm
“There is NO comparison.”
I can’t speak to that, as I don’t really listen to Rush (though I do listen to other talk show hosts). But a propagandist in a business suit is still a propagandist. And at least half the time, that is what I feel Jay is (or has become).
+++++++++++++++++++++++++++++
Yeah he HAS been beating the same drum here for a couple of weeks. But then again, when he tries different subjects, the Cons turn it to whatever Neal and Rush are saying that day. We proved that the other day when they FIRST started talking about this gas thing.
Eat the Rich
February 24th, 2012
12:07 pm
High oil prices make people walk more so they get less fat. Fat Americans need expensive oil.
Stephenson Billings
February 24th, 2012
12:08 pm
“As for domestic energy, Mr. Obama rightly points to the rising share of U.S. oil consumption now produced at home. But this trend began in the late Bush Administration, which opened up large new areas on and offshore for oil and gas drilling that are now coming on stream. Mr. Obama sneered at expanded drilling as a candidate in 2008 and for most of his term has done little to expand it.
In early 2010, he proposed to open some new areas to drilling but shut that down after the Gulf oil spill. According to the Greater New Orleans Gulf Permits Index for January 31, over the previous three months the feds issued an average of three deep-water drilling permits a month compared to the historical average of seven. Over the same three months, the feds approved an average of 4.7 shallow-water permits a month, compared to the historical average of 14.7.
Approval of an offshore drilling plan now takes 92 days, 31 more than the historical average. And so far in 2012, an average of 23% of all drilling plans have been approved, compared to the average of 73.4%.
Oh, and don’t forget the Keystone XL pipeline, which would have increased the delivery of oil from Canada and North Dakota’s Bakken Shale to Gulf Coast refineries, replacing oil from Venezuela.
The reality is that most of the increase in U.S. oil and gas production has come despite the Obama Administration. It is flowing from the shale boom, which is the result of private technological advances and investment. Mr. Obama has seen the energy sun rise and is crowing like a rooster that he made it happen.”
Adam
February 24th, 2012
12:08 pm
because not even Forrest Gump could believe the logic of what Mr. Obama is trying to sell.
Really? You think a retarded man is a good example of someone who understands, or can understand, all of the reason gas prices are high? I’m sure the point was supposed to be that Obama made it too simple, but that is also stupid.
The person who wrote that article epitomizes the dumb portion of the electorate that the RepubliCONs are counting on. Too bad it won’t fly for most independents.
Butch Cassidy
February 24th, 2012
12:09 pm
RB from Gwinnett – “You liberals are trying really hard to BE communists without being CALLED communists as if somehow calling it something different will change the outcome.”
Thhis form the person who’s party wants to nationalize the oil industry and have the government meddle with the free market? Please RB, drop the entitlement mentality and start accepting responsibility for your choices.
Thulsa Doom
February 24th, 2012
12:09 pm
“And as already documented, oil production in the United States has jumped by more than 20 percent in the last five years”
Yes. And you might also want to add that its because of all the permits that were issued under the W administration. Certainly isn’t due to Obama who has fought tooth and nail to keep us from exploiting our own resources.
St Simons - the Marcia's of Glynn
February 24th, 2012
12:09 pm
First of all, no Republican can complain about gas over $2.50/gal. That’s
what it would be if the speculation were taken out of the present price,
which the Republicans stood in the way of, so stfu wit dat talky point.
I know, blahblah, you want to do something, here we go –
Form the United States Oil Co, with us as “A stock holders”
in the IPO. Compete on the freeee open market with the oil companies.
No waaaay the supply-side-jaysus-heritage trolls can have a prob with
that right? Either we make money in the oil bidness and pay dividends
to ourselves, or we drive down gas prices & put it in our pockets.
Either way, we the People win. Free market – put up or shut up cons.
I’ll be happy to be your accountant. We’ll be rich.
M
February 24th, 2012
12:09 pm
Has anyone mentioned that we’re a net exporter of gasoline and diesel yet?
Fred ™
February 24th, 2012
12:09 pm
RB from Gwinnett
February 24th, 2012
12:02 pm
You liberals are trying really hard to BE communists without being CALLED communists as if somehow calling it something different will change the outcome.
++++++++++++++++++++++++++++++++++++++++++++++
Do you really have anything of substance to say or is calling everyone who doesn’t walk step to Rush and Neal a “liberal, communist, leftinst, or socialist” all you really have to offer to the discussion?
Jay
February 24th, 2012
12:09 pm
Crier, the point of the column is to demonstrate that contrary to GOP claims, presidents lack the power to control global oil prices. That has become a point of some contention in the current presidential race. I’m sorry if you and Bruno had somehow missed that development, but perhaps some of your fellow bloggers here can bring you up to date if you ask nicely.
Jm
February 24th, 2012
12:10 pm
According to brocephus Prius drivers are “oil whores”.
Bro has no cred.
Norwegian Blue
February 24th, 2012
12:10 pm
Consumption is down? Locally, maybe. Globally, a tad, but that’s a short-term figure.
World consumption, according to the BP statistical review:
1985 – just under 60 million barrels a day
1990 – around 66 million
1995 – 70 million
2000 – 75 million
2005 – 85 million
2010 – 88 million
It’s true that North American consumption is roughly the same (95: 23.5 million per day; 2010, 23.4), but increased demand overall causes the price to rise. In the same time period, China’s consumption has nearly doubled (from 4.8 million to 9.0); Asian Pacific (not including China or Japan) had increased by another 6 million a day. That means the INCREASE in China/ASPAC consumption is 60% of the total North American consumption.
Butch Cassidy
February 24th, 2012
12:11 pm
Stephen Billings – “Oh, and don’t forget the Keystone XL pipeline, which would have increased the delivery of oil from Canada and North Dakota’s Bakken Shale to Gulf Coast refineries, replacing oil from Venezuela.Z”
Oh, so moving oil through the country makes gas cheaper. Hell man , with all the tanker trucks I see on the roads, shouldnt gas be practically free right now?
Adam
February 24th, 2012
12:11 pm
But this trend began in the late Bush Administration, which opened up large new areas on and offshore for oil and gas drilling that are now coming on stream
Wait wait wait wait…. hahahahahaha… Are you saying that Bush can take credit for the economy while Obama is in office?
Towncrier
February 24th, 2012
12:11 pm
“The trouble is that this increase in efficiency hasn’t been fast enough to offset the rising price of oil. The United States might be consuming less and drilling more, but it’s still at the mercy of global forces that affect crude prices everywhere.”
Which is why I believe a concerted effort needs to be made to find a viable alternate energy resource. The skeptical and suspicious side of me sometimes has thought the big oil companies have bent over backwards to squelch any such efforts since the embargo in the 70s warned all of us a serious problem was on the horizon.
Stephenson Billings
February 24th, 2012
12:12 pm
“The question is: do you now support the media and the Republicans (one and the same now) bashing the President for gas prices in current times?”
Support? No. Agree with? Possibly. It’s all just the politics of the day. I will say that I agree that some of the policies of this administration and its various departments (monetary policy, exploration, etc.) have more affect on the market than the policies of the previous administration.
Bruno
February 24th, 2012
12:13 pm
Not according to the cheerleaders in the Rabid Right section.
Borsephus–I feel for you, sincerely. A small, nerdy white guy trapped in a big, black body…..
I don’t think that there are any operations to remedy that situation.
Fred ™
February 24th, 2012
12:13 pm
F. Sinkwich
February 24th, 2012
12:02 pm
All of you are missing the point. We learned yesterday that the answer to our energy needs is not fossil fuels. It’s algae!
Been driving around all morning looking for a QT to fill up the family truckster with a tank of algae, but I couldn’t ever find an algae pump.
+++++++++++++++++++++++++++++++++++++
Yo Stinky: You are late. I know you were waiting til the end of Boortz before you started quoting his show to us, but several other Boortz bobbleheads beat you to it. But you can still be the first to quote Boortz on “Ditzy Debbie G. No one has gotten around to his rant on her yet……..
Adam
February 24th, 2012
12:13 pm
Doom: Yes. And you might also want to add that its because of all the permits that were issued under the W administration. Certainly isn’t due to Obama who has fought tooth and nail to keep us from exploiting our own resources.
Wait wait wait wait…. hahahahahaha… Are you saying that Bush can take credit for the economy while Obama is in office?
Brosephus™ - Some things simply make you think WTF??
February 24th, 2012
12:13 pm
According to brocephus Prius drivers are “oil whores”.
What percentage of the Prius is built using plastic?
What lubricates the engine of the Prius?
Is the Prius 100% electric?
jm
Stick to blaming Obama about things. You will not win that debate with me.
Towncrier
February 24th, 2012
12:15 pm
“Crier, the point of the column is to demonstrate that contrary to GOP claims, presidents lack the power to control global oil prices.”
Have Democrats not made similar claims? If so, would not some mention of them in your column have made this point a little clearer? I mean, who really does not know a president doesn’t really control oil prices?
Joe Hussein Mama
February 24th, 2012
12:15 pm
S. Billings — You might want to simply include a paragraph or two of the piece you want us to read, and then a link to it, rather than trying to post an entire news story or opinion piece. Some news operations get very upset when their copy is disseminated without their say-so, and some blogs delete such posts rather than get sued (Free Republic is a good example of that).
Make everyone happy by posting a link, not the entire piece. It’s what all the cool kids are doing.
Brosephus™ - Some things simply make you think WTF??
February 24th, 2012
12:15 pm
Bruno
Uh oh, not only am I a nerdy White guy trapped in a big Black body, but now I have not cred. What’s a Black White guy supposed to do?
Adam
February 24th, 2012
12:16 pm
Algae as energy was an idea suggested and has been partially implemented by oil companies. It is not a government idea, a Democrat idea, or any of that. The fact that you come out against it, and want to nationalize the oil industry, is QUITE telling.
Adam
February 24th, 2012
12:17 pm
Towncrier: I mean, who really does not know a president doesn’t really control oil prices?
Whoever keeps watching Fox News after their continued insistence that this is the case.
John Galt
February 24th, 2012
12:17 pm
“Crier, the point of the column is to demonstrate that contrary to GOP claims, presidents lack the power to control global oil prices. That has become a point of some contention in the current presidential race. I’m sorry if you and Bruno had somehow missed that development, but perhaps some of your fellow bloggers here can bring you up to date if you ask nicely.”
And as I demonstrated gas is cheaper today than it was the day Obama took office in real assests such as silver.
What does Obama have the ability to affect? The currency devaluation that we are going through.
You have more tangible evidence that the dollar is worth less year after year after year and you choose to not address that issue.
But let it be a topic like global warming, and you are all over that, willing to take action regardless of the cost.
If you think things are steep now, just wait til next year. You will be able to swim in gas. You just will not be able to afford it.
Adam
February 24th, 2012
12:17 pm
Towncrier: Which is why I believe a concerted effort needs to be made to find a viable alternate energy resource. The skeptical and suspicious side of me sometimes has thought the big oil companies have bent over backwards to squelch any such efforts since the embargo in the 70s warned all of us a serious problem was on the horizon.
Agreed. Betting pool on when this happens?
Jm
February 24th, 2012
12:18 pm
“Stick to blaming Obama about things. You will not win that debate with me.”
A genius. In his own mind.
Bro has no cred.
Fred ™
February 24th, 2012
12:18 pm
Ha. Bruno outed Brocephus.
RB from Gwinnett
February 24th, 2012
12:19 pm
Hey Adam. I’ll look up your big oil comments as soon as you tell us all what name you were posting under on this blog during Bush’s term. What was it?
And on cue, the deniers claim that wasn’t the prevailing liberal mantra of the day. Like they forgot about all the liberal comments in support of removing saddam and the forgot about all the ice age hysteria of the 70’s and on and on and on.
Brosephus™ - Some things simply make you think WTF??
February 24th, 2012
12:20 pm
A genius. In his own mind.
Bro has no cred.
http://images.cheezburger.com/completestore/2011/11/21/99eb516b-7339-4b25-9f88-b73df7a4a6e3.jpg
Jm
February 24th, 2012
12:20 pm
Bro
Keep blaming others for your shortcomings…
It will ease your pain.
AmVet
February 24th, 2012
12:22 pm
Adam, RB is a Bushbot trapped in Joe McCarthy’s long dead body.
The sloganeer would not know a communist/socialist/Marxist if he was sitting in his lap.
He is just parroting what he hears from his lead stooges in Washington – Newt et al…
Butch Cassidy
February 24th, 2012
12:23 pm
RB from Gwinnett – “And on cue, the deniers claim that wasn’t the prevailing liberal mantra of the day.’
Can’t speak for the libs, but I’m still waiting for you to explain to us your sudden embrace of socialism, lack of personal responsibility, entitlements and government interference in the free market.
Eat the Rich
February 24th, 2012
12:23 pm
Obama is also working to put coal plants out of business. That will have two benefits. Less air pollution and much much higher electricity prices.
Obama favors expensive energy. Support your President you scalawags.
Adam
February 24th, 2012
12:24 pm
RB: Hey Adam. I’ll look up your big oil comments as soon as you tell us all what name you were posting under on this blog during Bush’s term. What was it?
I wasn’t here then. But you’re welcome to go after the other bloggers who were.
And on cue, the deniers claim that wasn’t the prevailing liberal mantra of the day
Not so. In fact, it WAS one of the things touted. It was misinformed and non factual then, just as it is misinformed and non-factual now. You should be happy the “liberal” media isn’t lying about it this time. Or is it just ok to lie about stuff like this when there’s not a Republican in office?
Joe Hussein Mama
February 24th, 2012
12:24 pm
RB — “And on cue, the deniers claim that wasn’t the prevailing liberal mantra of the day.”
I bet if we start disassembling the rationale for invading Iraq, you’ll be right there claiming you never claimed Saddam Hussein had WMD.
People are responsible for what they say themselves, not for what others say. Be serious.
Brosephus™ - Some things simply make you think WTF??
February 24th, 2012
12:25 pm
Keep blaming others for your shortcomings…
Wouldn’t that mean that I would have to start blaming others first? Unlike you, I don’t blame others for my failures.
JohnnyReb
February 24th, 2012
12:25 pm
For all who believe that US oil production going up would not lower our gas prices – please enlighten us on what the world market would do if we stopped producing oil?
I believe the answer will be, the world oil price would go up.
Which means, you believe we can only drive the price up, not down. Is that Liberalthink?
Fred ™
February 24th, 2012
12:27 pm
Brosephus™ – Some things simply make you think WTF??
February 24th, 2012
12:25 pm
Keep blaming others for your shortcomings…
Wouldn’t that mean that I would have to start blaming others first? Unlike you, I don’t blame others for my failures.
++++++++++++++++++++++++++++++++
Not safe for work:
http://www.youtube.com/watch?v=LhuKrga3eaU&feature=related
Butch Cassidy
February 24th, 2012
12:29 pm
JohnnyReb – “Is that Liberalthink?
Is this Republicanthink?:
“The bulk of the funds for Iraq’s reconstruction will come from Iraqis — from oil revenues, recovered assets, international trade, direct foreign investment — as well as some contributions we’ve already received and hope to receive from the international community.” – Donald Rumsfeld
Doggone/GA
February 24th, 2012
12:30 pm
“What’s a Black White guy supposed to do? ”
Eat more chocolate!
Brosephus™ - Some things simply make you think WTF??
February 24th, 2012
12:32 pm
Fred
On that one, I’ve gotta go make lunch for my flu victim…
carlosgvv
February 24th, 2012
12:32 pm
Big Business and Republican politicians have been cuddling together in bed for many years now. Because of this, Republicans are of the rich, by the rich and for the rich. If you want to know the direction of Republican politics at any given time, just follow the money. Gingrich as President would be the darling on the 1% group and a disaster for the rest of us. Oil is a finite resource and no amount of political spin will produce any more than we already have. We must move either to electric, hydrogen or natural gas power. I don’t hear any Republican politicians saying this.
Granny Godzilla
February 24th, 2012
12:32 pm
I feel sorrier every day for folks who have not taken personal responsibility for their fossil fuel addictions.
What a shame.
Joe Hussein Mama
February 24th, 2012
12:33 pm
JohnnyReb — “I believe the answer will be, the world oil price would go up.”
No, the answer is that other oil-producing nations would increase production to fill the gap.
“Which means, you believe we can only drive the price up, not down. Is that Liberalthink?”
No, that’s Conservathink, which involves making crap up and claiming your political opposition said it and believes it. Which is what you just did.
Brosephus™ - Some things simply make you think WTF??
February 24th, 2012
12:33 pm
Doggone
Between you and Fred, now my stomach is cramping from laughing so hard…
Adam
February 24th, 2012
12:33 pm
JohnnyReb: For all who believe that US oil production going up would not lower our gas prices – please enlighten us on what the world market would do if we stopped producing oil?
Logical fallacy. You cannot make any case about an increase in oil production by proposing we STOP ALL oil production.
Normal
February 24th, 2012
12:33 pm
Bro’
You’ve got to forgive jm, he is truly sincere in his cluelessness…
Towncrier
February 24th, 2012
12:34 pm
“Whoever keeps watching Fox News after their continued insistence that this is the case.”
Fox News appears to be a favorite target among liberals here. I think MSNBC news could be faulted even more for bias in it opinion shows, but I don’t see conservatives ranting daily about it here. Opinion media is now a fact of life and, if the truth be known, it harkens back to earlier forms of sensationalistic reporting like so-called “yellow journalism” (if you know why it is called that without consulting the Internet, I think Jay will give you free access to this blog for life), But not everything on Fox News (such as Chris Wallace’s Sunday program) or MSNBC News (Meet the Press) is strictly opinion media. So, to me, crying about Fox News means you really don’t have something substantive to add to the conversation at hand.
Jay
February 24th, 2012
12:35 pm
“Who does not know that a president doesnt have the power to drive oil prices?”
Well Crier, Gingrich for one, if you judge him by his public pronouncements. Perry for another. A good chunk of the people posting here. Which again demonstrates why it’s important to address it, don’t you think?
mm
February 24th, 2012
12:35 pm
The oil companies have something to do with the price also.
JohnnyReb
February 24th, 2012
12:35 pm
Butch – your reply is a dodge; you did not answer the question.
Jay is only partiallly correct in his statement. I agree presidents cannot control oil prices (short of marshal law), but they sure as heck can influence them. Obama’s energy secretary is on record stating “we”, his word, have to find a way to raise gas prices to European levels. I believe he and Barry are doing it.
Despite Adam’s statements to the contrary, industry leaders do not agree with the BS coming from the White House. Yes, oil and gas produciton are up, but not because of anything Obama has done. More despite what Obama has done. Technology such as horizontal drilling and fracking have raised production, not Obama. And any crude oil increase from drilling is a result of leases given during W’s administration.
detritusUSA
February 24th, 2012
12:36 pm
Oil production and refining are now national security issues, and too important to leave in the hands of greedy globalist capitalists. The entire energy sector should be immediately nationalized before these greedy traitors destroy the U.S. economy.
mm
February 24th, 2012
12:37 pm
Crier,
“I think MSNBC news could be faulted even more for bias in it opinion shows,”
They are “opinion” shows. FN tries to pass off their opinions as “News”.
Adam
February 24th, 2012
12:37 pm
Towncrier: Fox News appears to be a favorite target among liberals here. I think MSNBC news could be faulted even more for bias in it opinion shows, but I don’t see conservatives ranting daily about it here
1) I was showing you that Fox News is making this case, deliberately, on a daily basis. Gas prices = Obama’s fault, is basically what they say. It’s a lie.
2) MSNBC may not be a favorite target, but Media Matters sure has become that way recently. Conservatives DO argue against media, they just blanket ALL of media as being “liberal” because that is what they have been told to think. When they have a target they do use it. Note the several anti-Obama posts that have no relevance to the topic and/or have no factual basis. Pelosi and Reid are also favorites.
People DO buy the crap. That’s the point I was making.
Fred ™
February 24th, 2012
12:39 pm
Brosephus™ – Some things simply make you think WTF??
February 24th, 2012
12:33 pm
Doggone
Between you and Fred, now my stomach is cramping from laughing so hard…
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I dare you to TRY not to laugh on this one……….
http://www.youtube.com/watch?v=Kjkf-Qj0nqM&feature=related
Normal
February 24th, 2012
12:40 pm
I see the Dow is back above 1300 again…that damn Obama! How dare he!!??
John Birch
February 24th, 2012
12:40 pm
Off topic, but a rebuttasl to yesterday’s Rasmussen poll piece. Published in USA Tday gallup poll – “Indeed, the 2012 general election contest remains highly competitive, with Obama in statistical ties with both Romney and Santorum among registered voters.”
CJ
February 24th, 2012
12:41 pm
Bruno @11:56: http://www.consumerenergyreport.com/2012/02/24/crude-oil-and-gasoline-prices-betting-on-iranian-tensions/
“One factor that’s been driving Brent and WTI up over the last few weeks has been rising tensions with Iran. But why should threats or fears alone affect the price we pay here and now?…’We’re seeing panic buying in Europe and Asia because they’re absolutely convinced that they’re not going to be able to buy Iranian oil or there’s going to be some kind of conflict that disrupts the transport of oil through the Strait of Hormuz…. there is a lot of hoarding in case the worst-case scenario happens. Asian buyers have been buying up West African crude like it’s going out of style.’…Does it make sense for consumers to suffer now just because of something that may or may not happen in the future? If the answer turns out to be no, then this is all just a lot of pain for nothing.”
Yes, threat of war with a major oil supplier drives up gasoline prices. Military action itself, of course, would drive up prices even further. Gingrich and associates are using their megaphones to put public pressure on the Obama administration to take military action against Iran (or to allow Israel to it for us), while simultaneously complaining about the cost of gasoline. The cognitive dissonance is off the charts.
Whether you like them or not, facts are facts.
Towncrier
February 24th, 2012
12:42 pm
“Well Crier, Gingrich for one, if you judge him by his public pronouncements. Perry for another. A good chunk of the people posting here. Which again demonstrates why it’s important to address it, don’t you think?”
I won’t psychoanalyze the motive of politicians who say such things but almost every normal person (such as those posting on this blog) says things in the heat of emotion (which arguing, rather than debating, tends to bring out) that are silly or false or ugly. It is to be expected but not necessarily taken seriously.
Joe Hussein Mama
February 24th, 2012
12:42 pm
Towncrier — “Fox News appears to be a favorite target among liberals here. I think MSNBC news could be faulted even more for bias in it opinion shows, but I don’t see conservatives ranting daily about it here.”
Disagree on several counts.
MSNBC clearly distinguishes between its news programming and its opinion/talk programming.
FNC blurs that distinction, and editorial comments/slanted reporting often make it into ostensibly ’straight’ news reportage. FNC is also slow or resistant to issuing retractions, corrections or apologies for outright errors or fact.
If you haven’t yet seen conservatives ranting about MSNBC here, just stick around.
Don't Forget
February 24th, 2012
12:43 pm
I dare you to TRY not to laugh on this one……….
The guy obviously doesn’t watch South Park.
Mick
February 24th, 2012
12:43 pm
**his word, have to find a way to raise gas prices to European levels. I believe he and Barry are doing it.**
If you really believe that – your nutz!!!
Fred ™
February 24th, 2012
12:43 pm
You know there is a benefit to streaming Boortz and reading this blog. I don’t really have to read any of the whacko right’s comments. While I KNOW they are making them up on the spot, it’s amazing how similar they are to what Neal talked about. Sometime even the same words. Which means I can skim most of the posts and make jokes………..
carlosgvv
February 24th, 2012
12:43 pm
Fred – 12:39
You bad boy!!!!!! That is soooooooooo politically incorrect.
Peadawg
February 24th, 2012
12:43 pm
“I see the Dow is back above 1300 again…that damn Obama!”
When did the Dow go under 1300?
willydoit?
February 24th, 2012
12:44 pm
So the president can’t control oil prices, but he seems to be getting a lot of credit here on Bookman’s blog for the Dow going up.
How can he control one, but not the other?
Adam
February 24th, 2012
12:45 pm
Fred: Hmm, I may have to try that. When is Boortz on?
Fred ™
February 24th, 2012
12:46 pm
Don’t Forget
February 24th, 2012
12:43 pm
I dare you to TRY not to laugh on this one……….
The guy obviously doesn’t watch South Park.
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LOL I couldn’t decide between that one and the south park one.
Towncrier
February 24th, 2012
12:46 pm
“They are “opinion” shows. FN tries to pass off their opinions as “News”.”
Not to joke at your expense, mn, but that statement sure strikes me as a great example of unintended irony. For I, along with a number or posters here, would not be of the same “opinion.”
Mick
February 24th, 2012
12:46 pm
**How can he control one, but not the other?**
Easy, if you are a messiah, all things are possible…
AmVet
February 24th, 2012
12:48 pm
Fred, you must have a stomach of iron.
To listen to the biggest, most repulsive lying coward on the Atlanta airwaves is more than I could take.
Kudos! (I think…)
Adam
February 24th, 2012
12:48 pm
willydoit? : He can’t control either one, but the favorite talking point of the righties is that he is DESTROYING the economy. If the economy is improving, and the DOW is a measure of that, then clearly he’s NOT destroying the economy. That’s what the point is, not that he is MAKING the Dow go up, just that he is not being a DAMN SOCIALIST and keeping it down.
Normal
February 24th, 2012
12:50 pm
Pay attention, Pea…
Brosephus™ - Some things simply make you think WTF??
February 24th, 2012
12:50 pm
Fred
WRONG!!!! Just plain wrong!!!
AmVet
February 24th, 2012
12:50 pm
Easy, if you are a messiah, all things are possible…
Mick, big sh*t-eating grin…
Fred ™
February 24th, 2012
12:50 pm
Adam
February 24th, 2012
12:45 pm
Fred: Hmm, I may have to try that. When is Boortz on?
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8:30-1:00 EST. http://www.boortz.com/ click the listen live button. He’s talking to Cain right now.
The BEST part of the show is between 12:00 and 12:15 when he does a segment with Jamie Dupree.