Rising Gas Prices: All Part of Obama’s Plan?
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  • In focusing on Secretary Chu’s comments, you ignore (then) Senator Obama’s comments of Jan 17th, 2008 – “Under my plan, of a cap and trade system, electricity rates would necessarily skyrocket.” Energy is energy, period. President Obama has already indicted himself on the gas prices front in a way he can never escape.

  • Greg in Denver

    A general observation on energy policy…

    In Colorado we live in an oil/gasoline island different from the rest of the US.

    We have a Pipeline infrastructure that connects with Canada. Their oil arrives in North Denver to a Suncor refinery in Commerce City. We do not use Saudi, Mexican, Nigerian, Venezualean, etc. oil for our gasoline production.

    Thus, last weekend, I paid $2.98 for a gallon of regular.

    What did you pay? Oh, and the Horizon XL would enlarge that island to include most of the middle US.

    THAT is how you lower the price of gasoline.

    10 years ago over the debate about ANWR, the Blue Fools constantly told us that “it will take 10 years for the oil to be ready and then it will only be ___ millions of barrels… just ___ days of overall use…”.

    So now the Blue Fools are proved to be, uh, wrong again. Would not that oil be coming in handy just about right now?

    Enviro-facsism is a cancer and is designed to make the poor and middle class poorer – so they have to depend upon Gov’t. It is only stealth in the fact that our media is willingly corrupt and are Throne Lickers to political correctness and the likes of Obama and his Masters.

  • Steve W from Ford

    The question of whether Mr Obama has a “stealth” agenda to raise energy prices can most easily be discerned if one thinks about what Presidential energy policy would look like if one had a policy of encouraging energy production to lower prices and what it would look like if one WANTED higher prices.
    When looked at in this light it is obvious Mr Obama has no interest in lower prices for energy. We can speculate as to what his reasons might be but there can be no doubt what his goals are.

  • Bob Gallagher

    Chu made the comment, Obama knew it, and still selected him.

  • Jeff

    What Chu said: “we have to figure out how to boost the price of gasoline to the levels in Europe.”

    What Obama believes: “we have to figure out how to boost the price of gasoline to the levels in Europe – except during an election year.”

  • Brian

    You forgot to mention that Mr. Obama himself specifically said that if someone wants to build a coal fired plant, they can. It is just that it will bankrupt them because they will be charged a huge sum for the greenhouse gases they emit. He was talking about his dream of Cap and Trade.

    His energy policy is apparent – HIGH gas prices and subsidized Chevy Volts..which, of course basically run on coal fired plants.

  • richm

    “Somehow we have to figure out how to boost the price of gasoline to the levels of Europe” Steven Chu, Secretary of Energy

    When I read this, I nearly wept. Romney and the Republicans are right. Our country is being run by idealistic juveniles.

  • Mike M.

    Excellent point Duane, and a lot of people have forgotten that “Cap and Trade” was in fact one of the very first things that the Pelosi House approved once Obama got elected.

    Thankfully for us all, the Senate basically dismissed Cap and Trade out of hand. Had they approved it, Obama would have signed it immediately and we would all be paying FAR more for everything than we are now.

  • Yahzooman

    When you ride around in a limo at government expense and in a 747 paid for by taxpayers, you kind of lose that down-home appreciation for how much fuel actually costs.

  • stephen b

    And then, “Refined Product demand at 15 yr low – inventories at highest level”. (http://af.reuters.com/article/energyOilNews/idAFL2E8DN6Z720120223)
    This would seem to be somewhat counter-intuitive, except that refinery capacity is also very high (93%). You gotta ask yourself what is behind the scenes here?

  • Gerald

    A more fundamental issue is that arrogant politicians seem to believe it is their responsibility/prerogative to determine the price and availability of energy. The reality is that ideological objectives rather than economic or scientific facts have and are continuing to set the agenda of the President and his Cabinet. Mr. Obama has made his goals quite clear for anyone willing to listen or observe. What Mr. Chu thinks or says is of little relevance.

    It would be helpful if we could consider returning to reliance on relatively free markets to determine price and supply with adequate regulatory safeguards instead of allowing ideologues to rule us.

  • Sorry Charlie

    As written on the Forbes site by Louis Woodhill: gasoline isn’t going up, the dollar is going down. It’s the natural consequence of devaluing our currency by ~15% through our insane monetary policy. Imagine how high it would be if we had strong demand as well!

  • j kraus

    Dont blame obama,dont blame chu blame the 53% that put them in office.Are get used to it because it will only get worse.

  • RHD

    One of the odd benefits of the silliness of the current Reb nominating process is that all of these points will sound new and fresh when made forcefully during the fall campaign. Team O’s energy policy, like their economic policy in general, is all about allocating outputs and imposing costs; never a thought about what creates the outputs, how the costs get paid or how the two are related.

    As Insty might say, faster, please.

  • don

    Interesting comments, all on the mark. Of course American gasoline prices are a function of the ratio of the dollar’s value to a barrel of oil. The dollar has been declining for a decade. Dollar depreciation seems to be the Fed’s current re-inflation policy (energy prices are not counted by the Fed in the core rate)given the fiscal choices of the government, and oil prices are still below the historical average of that dollar/oil/gold price ratio. Absent a great depression or the destruction of demand through war rationing (WW2), gasoline and oil looks to be going higher. Hmmm, didn’t that Republican running dog capitalist pig Nixon institute wage and price controls in the 70s?

  • retired military

    Under my plan the price of electricity will nescessary skyrocket” – Barrack Obama.

    One key component in the price of electricity is the price of oil

    Mission acomplished.

  • ph1

    First: Gas prices reached a higher peak under President George W. Bush.
    Second: Gas prices are a function of supply and demand. Gas prices were higher under ‘W’ during the boom years when factories across the world were working at 100% capacity. When the recession hit and factories closed, demand for energy went down, so gas prices came down. Now that the world economy is recovering and factories are expanding again, demand is going up, and gas prices are going up. Please give up on the idea that gas prices will go back to what they were 15 years ago when China and India were third world countries using a fraction of the oil that they use now.

  • doug brockman

    “any link between it [Chu’s energy comment] and administration policy is tenuous”

    Give me a break. The guy knew full well he was going into the cabinet by that time. This ranks with the famous guns ‘n’ religion quote as a window into the regime’s thinking.

  • JungleCogs

    This is all about wealth redistribution; it’s Obama’s life mission.

  • John

    President Obama doesn’t have a problem with high gas prices, he just wants the increase to be gradual..

  • Dan

    I predict that Obama will find a way to manipulate the price of gas downward just prior to the election to boost his reelection chances. Just sayin.

  • larry g

    I do not trust any president bows and cows down to saudi princes , were shooting our own foot off to pay a debt whose ?

  • William L. Gensert

    Raising the price of all energy is Barack Obama’s master plan, and he won’t change it despite its effect on employment. Instead, he wants to change America. The simple solution of working to make green energy more affordable is beyond his brilliance, so better to make all other energy more expensive in order to make green energy seem cheap by comparison.

    Read more of my article: http://www.americanthinker.com/2012/01/obamas_dismal_job_performance.html#ixzz1nFajvh00

  • Richard Treitel

    I grant that Obama (and Congress) would be unlikely to take the revenue from a gas tax and spend it on an increase in the personal exemption from income tax (and perhaps a boost to the EITC). But a few years ago I read an editorial in Car and Driver advocating more or less that. If those guys aren’t fond of fast cars with big engines, nobody is, but even they could see the utility of taxing gasoline rather than income.

  • Ducatisti

    stephen b says:
    February 23, 2012 at 3:33 pm

    And then, “Refined Product demand at 15 yr low – inventories at highest level”.

    Stephen, that is US demand. What do you think has happened to demand in say…..ASIA?
    ***
    ph1 says:
    February 23, 2012 at 5:29 pm

    First: Gas prices reached a higher peak under President George W. Bush.

    BUSH DID IT! Lol. And then it went low. Do you know why? There is this thing called “Google”. Try it.

  • Corlyss

    “While this position may be slightly unfair to the President”

    Please! Let’s have a little context after the man has done everything his vindictive advisors could think of to crush the economic life out of the gulf states, force Americans to adopt insanely expensive green alternatives, elevate equality by means of genteel poverty, and shown zero inclination to rational compromises or pro-growth policies. How long before we are delivered from this curse that is Obama?

  • Mike

    What a ridiculous supposition. High gas prices are probably the only thing that stands between Obama and reelection. NOW FOR THE FACTS. Oil is a global commodity. Even if we opened ANWR and Horizon XL its production would not affect the price of oil on the world market. Do you think that oil producers are going to sell it cheaper in this country just because it happens to be produced here. Get real! The reason why the guy in Denver paid $2.98 per gallon is because of his proximity to a refinery. I suspect the price of gas in the Houston area was similar. What is the rest of the country suppose to do? I do not like paying high gas prices either but as long as gas remains relatively cheap we will not move to alternative sources that are cleaner and less susceptible to the volatility of the Middle East. What we need is a sensible national energy policy.

  • Magnus Sandvik

    If you look at historic gas prices for the pas t 6 years they are now actually at 2008-levels. Then there was a sharp drop coinciding with the financial crisis and a steady build back to the same levels they were. This increase has almost exactly followed the international price of oil which is the driving force behind gas prices so this whole discussion is really moot.

  • EBL

    http://evilbloggerlady.blogspot.com/2012/02/gasoline-prices-spike-president-obama.html The truth is the White House is only worried about gasoline prices when it threatens Barack Obama’s reelection chances.

    They do not want to admit that they are achieving their goal.

  • MrUniteUs

    Unlike Bush and Cheney President Obama is not an oil man.

    Energy prices did sky rocket right after
    Bush was elected. Remember Ken Lay, Enron and the phony energy crisis. Gasoline prices sky rocketed again to prices 60cents per gallon
    higher than are now in the summer of 2008, while Bush was present. But we are suppossed to forget these things.
    Best way to reduce gas prices is to reduce gas consumption by 5-10%. Not everyonr can do that but millions can do it.

  • Mike Field

    Those of you who think the idea is just the make middle class poor and poor poorer just don’t understand the grand design. The ultimate goal is to make us into nicer, meeker people who will then be willing to support further aspects of the contemporary left wing agenda.

    The issue with Barack Obama is not that he has limos and his own 747. He is perfectly willing, when he gets back to the old neighborhood, to hike around (admittedly, though he may not be free to) to get his gourmet cheeseburger and get to his post-presidential office on the University of Chicago campus. The problem is, the rest of us don’t live in a neighborhood where you don’t even have a gas station. And where the isolation from the American mainstream is so great there is not even a chain supermarket. And I do know of what I speak, because his old neighborhood is my old neighborhood too.

    As far as I can tell, it hasn’t really changed much in the last 40 years.

  • Mkelley

    If I want to know what Obama’s or any other Democrat’s energy policy is, I just go to the Sierra Club’s web site. It’s that simple.

  • A. Watchdog

    The answer is right in front of everyone. It was in Obama’s speech today.

    Algae biofuel.

    Chu, and a host of others in the Obama administration have stated in writing that gas prices must rise to make the rush to algae biofuel more palatable for the public.

    Members of the Obama administration sit on the boards of Solazyme and a dozen or so other algae biofuel companies (Sapphire, SAIC, BP, General Atomics, etc., etc.). Half the progressives in Congress are also knee deep (cough…cough…PELOSI!)

    The EPA and the American Planning Association aren’t in a craze for wetlands because they care about the environment or whooping crane populations or Everglades restoration…they’re laying the groundwork for a huge energy shift to algae.

    Don’t take my word for it…take theirs:

    http://www.planning.org/conference/previous/2010/coverage/bettmanenvironment.htm

    The progressive elites want a new cash cow.

  • the_slasher14

    1. Gas prices under Obama have NEVER reached the level that they were at in the summer of 2008. Obama deserves no credit for this — it was the result of the country slipping into deep recession that fall and still more or less being there today. But for you clowns to attribute current gas prices to any policy of Obama’s is blatant ignorance.

    2. We all know — those of us who aren’t GOP flacks — why the price of gas is spiking right now. It’s the Iranian situation. Name me one single GOP candidate other than Ron Paul who doesn’t think we should be doing more, not less, than Obama is doing to get Iran to drop its nuclear program. It’s a sad fact, you freeloaders, that if you want to dance you have to pay the piper. You want to lean on Iran, gas prices are going to go up. If you don’t like it, tell Obama to let Iran develop nukes. Otherwise, shut up.

    3. The United States, according to industry sources, possesses at most about 3% of the world’s proven reserves. If every single one of them were brought to market tomorrow, the absolute best they could do would be to lower the price of gasoline about 6% and, of course, that not only can’t be done, but when it IS done the reserves will be gone and the price will slide right back up in fairly short order.

    The price of gas is determined by the price of oil on the world market, which in turn is determined by the world-wide supply of the stuff. Oil brought up from the ground in the US goes into that total amount and that’s it. What, you thought since it was brought up in the US, the oil companies would charge us less for it? Jesus, why don’t you alleged conservatives learn something about how markets work?

    4. Genius in Colorado — when I was a kid, my father would sometimes drive 40 miles from the Jersey Shore to the refineries in the north end of the state because the lower price made it worthwhile. What you seem to be saying is that everybody should be fighting for a refinery in their backyard, so as to save 10% on gasoline. My father could have moved to Elizabeth or Rahway and saved even more, but he wanted his kids to grow up without lung cancer. I guess you don’t care.

    Meanwhile, you might want to check out the following link (www.ens-newswire.com/ens/nov2011/2011-11-30-091.html) about your own refinery. You are paying a LOT more than $2.98 a gallon, friend. The $2.98 is just a down payment on the millions in cancers and asthmas that will come in due course.

    5. You want to criticize Obama I’m right there with you on a number of scores. But gas prices are not one of them. The man has almost no control over them and his policies affect it in only the most trivial ways when compared with such things as foreign wars, strikes in Uganda, etc.

  • Conspiracy Theory

    Did I fall into a can of Planter’s salted? I’m surrounded by nuts!

  • Toni

    From Day One, Pres. Obama and like-minded allies in and out of Congress have made the environment a higher priority than jobs.

    Someone else here mentioned the cap & tax bill passed by the Pelosi-run House. There’s the Camp RunAmok EPA. Obama took 6-7 weeks to say anything about the BP spill. Then he renamed the federal Mineral Management Service “The Bureau of Ocean Energy Management, Regulation and Enforcement” –never mind that it still MR&Es onshore minerals, too — and shut down offshore drilling. WSJ* notes:

    “According to the Greater New Orleans Gulf Permits Index for January 31 [2012], over the previous three months the feds issued an average of 3 deep-water drilling permits a month compared to the historical average of 7. 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%.”

    Today, WSJ** also looks into ~$11 billion spent to create “clean energy” jobs. “Those businesses claimed on federal applications that they created 102,883 jobs directly. But the Journal found evidence of far fewer.” 102,883 would be $104,000/job IF they existed.

    And Keystone, of course, and others here have said that oil worldwide is priced in dollars. Obama enabler Ben Bernanke keeps dollars CHEAP (to goose exports & consumer spending), so oil exporters raise their $-denominated prices. Also Iran, which Obama evidently thought he could sweet-talk (unlike that cowboy GWB), and four years later…

    Short version: Obama still means to reverse the tides — won a Nobel for it, didn’t he? — and doesn’t care what his Greenery does to jobs. Or doesn’t care to know. Same difference.

    *http://online.wsj.com/article/SB10001424052970203918304577241623995642182.html
    **http://online.wsj.com/article/SB10001424052970203710704577050412494713178.html

  • lhf

    We are going to need Ross Perot and his charts to explain why rising energy prices mean high prices for everything else as well. Transportation costs for all commodities will rise when the cost of transporting them does. Force the Democrats make the case why this is good for the economy.

  • Eurydice

    In the last post about banking regulation, the Obama administration was criticized for being poorly skilled and disorganized. Now they are all master planners. My head, it is spinning.

  • Troll Feeder

    “Bob Gallagher says:
    February 23, 2012 at 2:43 pm

    Chu made the comment, Obama knew it, and still selected him.”

    That’s close to correct. The truth is that Obama selected him, in part, BECAUSE of that statement.

  • faxhorn

    I can’t afford a fill-up this time, so I’ll just take $60 worth of unleaded regular.

  • AmateurAngler

    34.the_slasher14 says:
    3. The United States, according to industry sources, possesses at most about 3% of the world’s proven reserves. If every single one of them were brought to market tomorrow, the absolute best they could do would be to lower the price of gasoline about 6% and, of course, that not only can’t be done, but when it IS done the reserves will be gone and the price will slide right back up in fairly short order.

    I’m sure that you know that the ACTUAL reserves in the US are WAY above 3% and you are repeating the US legal definition of “reserves” to justify your point which is completely wrong if take into account actual recoverable oil without the legal impediments. Other nations estimates of “reserves” are not bound by those legalities. Obama and Chu know this, but continue to use those numbers to justify their refusal to pursue drilling for more oil here, hoping the “little people” won’t figure it out.

  • You also should point out that our Secretary of the Interior, Ken Salazar, when he was still a senator had no problems with $10 a gallon gasoline.

  • Troll Feeder

    Lefty posters: Price was higher because of rocking economy, went lower because of recession, regaining price because of improved economy.

    Leaving aside the improving economy nonsense, the price of oil went lower because President Bush lifted the executive ban on offshore drilling, and Congress then followed suit. The months-long, seemingly inexorable rise in oil price reversed immediately, and prices crashed from the more than $130 to less than $40 in under than six months.

  • zok

    Three refineries in Pennsylvania closed last month. Good luck finding much information as to why they closed – the Google links to stories solely focusing on the greedy oil company/poor trampled-upon union worker.

    Although I do remember reading an article in January, from the NY Times of all places, about the EPA beginning to punitively fine in 2011 refineries for not including a biofuel additive that does not even exist. Coincidence?

    This war on energy has many fronts – people are just zeroing in on the production angle.

    http://www.nytimes.com/2012/01/10/business/energy-environment/companies-face-fines-for-not-using-unavailable-biofuel.html?_r=1

  • BubbaFLA

    Obamanuts! The reason oil is rising in price is due to speculation and QE induced inflation! Money’s chasing anything but fiat and bonds. Inventories are high but the price is still spiking? Hmmmm. Oh, and slasher, you’re such a peach! Or should I say watermelon? Proven reserves are BS guesses and you (should) know that. Check the US estimated proven in 1980 and then let me know how many barrels the US has produced in the period of 1980-2010. Go ahead, data’s available. That’s right, more than 3x the 1980 “proven reserves” estimate. Oh, and sure, I want my kid to get cancer and asthma. PPACA’s going to pay for everything so why should I care? The amount of economic ignorance you cut-and-paste into a single post is astounding. Iran’s nukes the reason that oil’s high? Laughable but good gruel for the naif. Oh, and your greenie website doesn’t link to this follow-up on the Suncor refinery:

    http://www.reuters.com/article/2011/12/01/us-suncor-leak-colorado-idUSTRE7AT2YJ20111201

    Rueters again, just like your reference. Anyway, I could go on about DOI, an executive branch office and therefore the purview of the president, being in charge of drilling on fed land and fed’s buying up and not leasing known areas, blah, blah, blah. Wouldn’t get through to you anyway but at least someone’s gotta put some sunlight on your statements.

  • Richard

    Re: Mr. Chu’s remarks about gas prices. Nonsense, Mr. Obama hired him so he owns those remarks, just as he hired Turbo Tax Tim to be in charge of the IRS by extension from Treasury. Tone deaf? Maybe. Feeling arrogant and entitled, definitely.

  • Andrew

    Isn’t this what the democrats did during the depression? They tried to increase wages and commodity prices through price controls and market manipulation. The Forgotten Man.

  • An honest good government approach would be to embrace technology and advances in environmental safety to dramatically expand domestic oil production. THEN use the resulting lower prices as an opportunity to add several cents in a gas tax to lower the budget deficit. This would create jobs, shift toward a consumption instead of production tax, and strengthen the dollar (lowering inflationary pressures that hurt the poor the most). But, Obama is not about good government. He is about pandering to his ignorant, eco-religious financial base and fostering corrupt pay-to-play schemes for political and personal profit. Not a hard equation to understand.

  • Hello Mike …

    Oil is a global commodity. Even if we opened ANWR and Horizon XL its production would not affect the price of oil on the world market. Do you think that oil producers are going to sell it cheaper in this country just because it happens to be produced here. Get real!

    No, they’ll sell it cheaper because there will be more of it on the market … more of it beyond the control of those like OPEC who use it as a geopolitical weapon and pervert the market.

    I do not like paying high gas prices either but as long as gas remains relatively cheap we will not move to alternative sources that are cleaner and less susceptible to the volatility of the Middle East. What we need is a sensible national energy policy.

    Yes … one that leverages ALL economically-viable technologies, instead of focusing upon moving those that are not yet viable into base-load production in the hope that they will somehow become that way.

    That is the error Mr. Obama keeps making … letting idealism trump wisdom.

  • Susanna Gordon

    Once youo put it all together, you realize that the plan is to destroy the country and force us into a Marxist dictatorship, it all makes sense.

    Obama has been inordinately successful, so far with his plan.

    Cut back on the military while deploying them everywhere, cut our defense to frightening levels. This includes getting rid of the F-22, while Russia, China, and even Venezuela roll out their state-of-the art new jet fighters. Cut our nukes by 80% while the world arms itself with nuclear weapons.

    With no one here to defend us, anyone can walk in and take us over, or hold us hostage to a nuclear attack, so Obama can surrender us to the situation he created.

    Marxists cause chaos, and then take over.

    No drilling, even though new discoveries put us close to the top in nations with huge oil reserves (we have enough for over 100 year, at least.)

    No jobs. Graft and corruption from this administration such as we have never seen.

    An out of control president who constatnly defies the Constitution.

    No, it is not just the economy.

  • Energy prices did sky rocket right after
    Bush was elected. Remember Ken Lay, Enron and the phony energy crisis.

    You mean the Enron the Bush DOJ prosecuted … and the phony energy crisis generated by policies like California’s refusal to allow its utilities to make long-term contracts for power, forcing them to buy on the more expensive spot market?

    Gasoline prices sky rocketed again to prices 60cents per gallon, higher than are now in the summer of 2008, while Bush was present. But we are suppossed to forget these things.

    No more so than you aren’t supposed to forget we had a Democrat-dominated Congress who put the kibosh on expanding domestic energy production at the same time.

    Best way to reduce gas prices is to reduce gas consumption by 5-10%. Not everyonr can do that but millions can do it.

    At what cost to their productivity, or their quality of life? Some can – but rearranging one’s life around conserving energy can negatively impact other areas that are just as important to the human condition. These impacts are often ignored by idealists.

  • koblog

    What cracks me up is that Obama is telling people that he’s “giving” them $40 per month in a “tax cut” (that takes from their own Social Security fund by $100 billion per year) so they can buy another part of a tank of gas, whose price went up because Obama has instructed the Fed to inflate our dollars by trillions of worthless greenbacks.

    When oil is valued in dollars and trillions of worthless dollars suddenly appear in the market, the price of oil will go up.

  • gringojay

    Prez O’s “plan” should be chucked into a green algae pond as a gesture he’s capable of some common sense.

  • jgriff

    Why is everyone forgeting that Obama himslef said “under my plan of a cap and trade system, electricity rates would necessarily skyrocket”? I know this article is talking about gasoline but this quote tells you exactly what Obama thinks about energy prices.

  • Lee

    Leftists seek to harm and destroy economic surplus under the insane belief that doing so promotes “fairness.” Why? Because the idiots and losers who do nothing to produce this surplus don’t get to enjoy it in equal measure as those of us who do create it.

    The best way to make the world a darker and more miserable place to live is hand power to the left.

  • Dr. Kenneth Noisewater

    The price of gasoline or oil should be determined by market forces, uninfluenced by subsidies to energy companies or to the market as a whole by paying the freight for defense of access to oil regions. I believe those should be priced into gas or oil somehow (tariffs or taxes) to offset those subsidies and expenses, so that users of energy pay for it, instead of living off of general revenue like a bunch of welfare queens.

  • Rich K

    You can sit on this fence forever Walter but you cant really believe there is no concerted effort to hamstring energy production in the U.S. But it must make you popular at the DC cocktail parties I guess.Smile for the cameras.

  • C.Olivas

    I guess nixing the Keystone didn’t contribute to the high gas prices!!!

  • Buck Bradley

    “Under my policies, energy prices will necessarily skyrocket.” Barack Obama, 2008.

    THERE IS NOTHING STEALTHY ABOUT IT! ARE YOU ASLEEP?? THE MAN ANNOUNCED THIS TO THE WORLD BEFORE THE LAST ELECTION!! HELLO????? ANYBODY HOME????

  • Mike: I really like your Proximity of Refineries Theory, but it certainly doesn’t hold for us folks in San Antonio, less than 200 miles from Houston and only 130 miles from Corpus Christi. Is there some sort of inverse-square law corollary that I’ve missed?

  • RED

    We live in a Democratic Republic. We the People are not going to accept any faction – not even the “blue intelligentsia” – ((consolidating its position as a))as our natural governing class. We’ve had too many Bushs, Clintons, Kennedys and Gores and they’ve nearly ruined the country.

    Another reason for the rise of the Tea Party.

  • jim

    The problem is that the “blue intelligentsia” is so ignorant that they think gasoline is used in this country mainly to drive large SUVs to the mall and McDonalds.

    In fact it’s part of the price of virtually everything consumers buy and is just as important to the economy as the price of bread was in France in 1789.

  • Ritchie The Riveter

    Oil is a global commodity. Even if we opened ANWR and Horizon XL its production would not affect the price of oil on the world market. Do you think that oil producers are going to sell it cheaper in this country just because it happens to be produced here. Get real!

    The reason why the guy in Denver paid $2.98 per gallon is because of his proximity to a refinery.

    Mike, consider that, just like that guy in Denver doesn’t have to bear the transportation costs of, say those of us in the Northeast … the refineries here wouldn’t have to bear the transportation costs of Middle East oil, over and above the world-market price, if they were to get the oil from a domestic/Canadian source … and therefore could sell gas at a lower price because their total cost of production is less?

    But let’s not forget another reason for gas-price disparity … TAXES. Here on Long Island, gas prices run significantly higher than in adjacent New Jersey … and since NY taxes gas by the dollar paid and not by the gallon, the taxes go up as the prices go up.

    The case can be made that the various levels of government make more on a gallon of gas than the much-maligned oil companies do.

    http://www.dailymarkets.com/economy/2011/04/27/gasoline-taxes-vs-exxon-profit-per-gallon/

  • Ritchie The Riveter

    Correction … NY gas is taxed BOTH by the gallon and by the dollar; it has several taxes applied to it, both excise and sales.

    Bottom line, to borrow a phrase from a colorful candidate here … THE GAS IS TOO [DARN] HIGH!

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