State Of The State. Any Thoughts

[Teatownclown]

Obama created this blizzard on the east cost which is shutting down refineries.  Well that and not completing the Keystone XL even though that's all asphalt grade oil destined for China.

You can act silly but we all know deep down you're dead serious. 

[heironymouspasparagus]

All,
He poses the question, and then shows he has no thoughts.  This is just more of his constant regurgitation of the stuff he hears on Fox.  Will never have a thought, so really isn't worth even replying or commenting on anything he says. 

[sauerkraut]

Riddle me this: If Obama's policies are to blame for high gas prices, why was gas $2.89 about a month ago? Did something change between then and now?

First off that $2.89 a gallon last month was not cheap for January, -January is normally the time of year our gas prices are the lowest point of the year, they have since started to climb as we go into Spring. Every year since Obama took office our gas prices were higher than the year before so I suspect our fuel prices for 2013 will be higher than the gas prices of 2012...  When Bush left office in 2008 gasoline was at $1.70 a gallon, When Obama came to power he took that $1.70 gasoline that Bush gave him and drove it up to $3.00+ a gallon. Since Obama came to power 4 years ago the national average of gasoline has never fell below $3.00 a gallon. Obama shut down drilling in the gulf and drilling on federal lands... BTW, California already had $6.00 a gallon gasoline in October, 2012, Chicago and some other major cities alreay had gasoline over $5.00 a gallon. 25 years ago our cars got 12-14 miles per gallon and gasoline was about 80 cents a gallon, today cars get 30 miles per gallon and gasoline costs 3-4 times as much. (so much for conserving gasoline) I would not be surprised if by the end of Obama's term in 2016 the national average for gasoline will be around $6.00-$7.00 a gallon and if war breaks out in the middle east gas prices will be really in orbit..

[sauerkraut]

I believe that if Romney had won the election in 2012, gas prices will be falling and tumbling. Enjoy your gas prices Obama voters.

[Townsend]

I believe that if Romney had won the election in 2012, gas prices will be falling and tumbling.

[patric]

So dropping gas prices in 2008 had nothing to do with our economy being on the verge of collapse?



couldn't resist...

[nathanm]

First off that $2.89 a gallon last month was not cheap for January, -January is normally the time of year our gas prices are the lowest point of the year, they have since started to climb as we go into Spring.

As usual, you are mostly wrong. January is indeed usually the time of year with lowest gas prices here. However, this time last year, the average price in Tulsa was almost precisely the same at it is now. It was also relatively cheaper on new year's than in February, but last year's low was actually higher than this year by about 10 cents. The peak average price (ever, not adjusted for inflation) in Tulsa was in summer 2008 when it peaked around $3.90 a gallon. You didn't live here then, but that was before Obama, in case you're getting your years confused.

Also, you might be interested to know that the 2011 peak price was higher than the 2012 peak price, as was the 2011 lowest price relative to this winter. Try harder?

Also, I'm a bit curious about something? Under a Republican president, Tulsa's average gas price more than tripled. The average price was less than a buck a gallon when Bush was elected. Just prior to the 2008 election, gas peaked at the $3.90 figure I mentioned earlier. Why do you still insist that Republicans give us cheap gas?

[RecycleMichael]

Under George Bush gas prices jumped from $1.60 a gallon when he took office to $4.40 a gallon in July of 2008, an increase of 275%.

If you believe Obama has influenced gas prices, then you mush accept that he has done a better job than Bush did. I personally don't believe a President has much sway in an internationally traded commodity, but you obviously do.

[sauerkraut]

Under George Bush gas prices jumped from $1.60 a gallon when he took office to $4.40 a gallon in July of 2008, an increase of 275%.

If you believe Obama has influenced gas prices, then you mush accept that he has done a better job than Bush did. I personally don't believe a President has much sway in an internationally traded commodity, but you obviously do.

Yep and it lasted for 2 weeks before prices tumbled. The democrats in congress in 2007 & 2008 also blocked Bush from opening up more domestic drilling, latter Bush got those lands opened up for drilling and oil prices fell as spectulators got out of the oil market, Obama shut  down domestic drilling  during his first day in office in 2009, speculators noticed and bid up the oil price, Gasoline's national average  never fell below $3.00 a gallon since 2009..  Today the national average for gasoline is $3.62 a gallon. The oil speculators bid on oil futures and they know with Obama in power our domestic   oil will be tight, drilling restricted, so prices go up into orbit.

[sauerkraut]

Jimmy Carter also had our domestic gas supply in a mess, remember those odd/even ration days? Remember dry gas stations and long lines of cars waiting to buy gas at gas stations that still had gas? Remember service stations with signs out front that read "Sorry, no gas today"?  Thanks to  Ronald Reagan, he  ended that mess in 1980 when he took power.

[Townsend]

Yep and it lasted for 2 weeks before prices tumbled. The democrats in congress in 2007 & 2008 also blocked Bush from opening up more domestic drilling, latter Bush got those lands opened up for drilling and oil prices fell as spectulators got out of the oil market, Obama shut  down domestic drilling  during his first day in office in 2009, speculators noticed and bid up the oil price, Gasoline's national average  never fell below $3.00 a gallon since 2009..  Today the national average for gasoline is $3.62 a gallon. The oil speculators bid on oil futures and they know with Obama in power our domestic   oil will be tight, drilling restricted, so prices go up into orbit.

http://www.smartplanet.com/blog/intelligent-energy/obama-vs-bush-the-oil-chart-that-will-surprise-you/11859

Conventional wisdom and the fossil fuels industry tells us that under the Obama Administration domestic oil production has fallen — which has in turn, hurt the economy and prevented job growth. A recent examination of annual domestic oil production tells a different story.

Robert Rapier, who writes the R-Squared Energy blog, recently finished a chapter on politics for his new book, which includes graphics to show movements in oil prices, production, imports and consumption throughout the last eight presidential administrations. Today, he published one of those graphics, which at the very least is thought-provoking, and is, as he describes it, "one of the more counter-intuitive graphics that you will ever come across."

In short, the graphic above shows that annual domestic oil production fell every year during the eight years of the Bush Administration. Meanwhile, production rose in the first three years of the Obama Administration. Rapier doesn't offer up his views (we'll have to wait for the book).

What do you think? Is Obama benefiting from Bush-era policies that took time to take effect? Or can Obama take credit?

My take: Advances in oil recovery technology and the development of shale oil plays, plus high crude prices were responsible for the rise.

[RecycleMichael]

The oil speculators bid on oil futures and they know with Obama in power our domestic   oil will be tight, drilling restricted, so prices go up into orbit.

Domestic drilling doesn't lower gas prices...

http://money.cnn.com/2011/04/25/news/economy/oil_drilling_gas_prices/index.htm

[nathanm]

Yep and it lasted for 2 weeks before prices tumbled.

Try six months. Thanks for playing.

[heironymouspasparagus]

Jimmy Carter also had our domestic gas supply in a mess, remember those odd/even ration days? Remember dry gas stations and long lines of cars waiting to buy gas at gas stations that still had gas? Remember service stations with signs out front that read "Sorry, no gas today"?  Thanks to  Ronald Reagan, he  ended that mess in 1980 when he took power.

Why don't they pass a constitutional amendment prohibiting anybody from learning anything? If it works as well as prohibition did, in five years Americans would be the smartest race of people on Earth.


And Cabbageman has a head start on that....

[sauerkraut]

Drilling is DOWN today  on federal lands, it's only up on private land, but Obama may be attacking private land drilling thru the EPA. Bush had much more federal land drilling. We are importing more oil than ever before.