Gasoline up 100% under Obama, MSM continues to make excuses

[Fury]

Gasoline Up 100% Under Obama, Media Makes Excuses


Feeling pain at the pump? Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58. The lowest average price in the continental United States is $3.31 in Tulsa Oklahoma, the highest is $4.14 in Santa Barbara, CA. Four-dollar-a-gallon gas has arrived on average throughout California, and a number of other states are headed in that direction.

Consumer price index (CPI) figures from February show an unadjusted 12 month gasoline inflation rate of 19.2%, but in the last month alone prices jumped 6.8%, probably because of oil price increases due to instabilities in the Middle East. If the trend continues, gas prices would double again within a year. 100% gasoline price inflation is nothing to brag about, but imagine Mr. Obama going into the 2012 election having to explain why gas costs $7.00 a gallon. I'm sure the White House would spin it as one of their "Green" initiatives.

http://www.washingtontimes.com/blog/watercooler/2011/mar/30/gas-prices-double-under-obama/


Remember the outrage when this happened under Bush? It's shocking to see the left keeping their mouths shut now that their Messiah has caused the same thing. 

[Soul Crusher]

Cheney energy commission at fault. 

[kcballer]

Really?  Weak argument dude.  Gas was $1.79 because we weren't using it.  There was this thing called a recession, happened after oil peaked at $150 or so per barrel and banks got found out for having shit&y loans on the books and selling them as AAA investments.  Now oil demand has gone back up, the price has too.  But hey Obama should just tell those Chinese to stop growing their car market by 50% a year right?   Obama should tell OPEC countries to stop burning oil for heat right?  

Oil will only go up no matter what any US president does under the current circumstances.    

[Fury]

Really?  Weak argument dude.  Gas was $1.79 because we weren't using it.  There was this thing called a recession, happened after oil peaked at $150 or so per barrel and banks got found out for having shit&y loans on the books and selling them as AAA investments.  Now oil demand has gone back up, the price has too.  But hey Obama should just tell those Chinese to stop growing their car market by 50% a year right?   Obama should tell OPEC countries to stop burning oil for heat right?  

Oil will only go up no matter what any US president does under the current circumstances.    

Hahaha, your Obama worship knows no bounds.

[blacken700]

Hahaha, your Obama worship knows no bounds.

wow that was a great debate 

[kcballer]

Hahaha, your Obama worship knows no bounds.

It's not Obama worship, it's economic truth.  With a dwindling supply and increased demand where will prices go BF?  Down? Demand in the US has already been reducing, yet the price goes up?  Why?  Could it have something to do with China's growing demand for oil?  Could it be OPEC's increased demand on subsidized oil?  At the current rate OPEC will surpass OECD oil usage in a few years.  Guess who has the most oil?  OPEC.  Guess who will use the most soon?  OPEC.  Guess where that leaves the US?  Up sh*t creek without a paddle.  

[Fury]

wow that was a great debate  

Hahah, like a lost dog he has now taken to following me around the board. Did I really hurt your ego that badly? I know you were pretty obsessed with me on your Mons Venus account, even going so far as to PM me 5-10 threatening messages at a clip (multiple times, nonetheless), but it seems you're letting it bleed over into this account now.  

It's not Obama worship, it's economic truth.  With a dwindling supply and increased demand where will prices go BF?  Down? Demand in the US has already been reducing, yet the price goes up?  Why?  Could it have something to do with China's growing demand for oil?  Could it be OPEC's increased demand on subsidized oil?  At the current rate OPEC will surpass OECD oil usage in a few years.  Guess who has the most oil?  OPEC.  Guess who will use the most soon?  OPEC.  Guess where that leaves the US?  Up sh*t creek without a paddle.  

We have oil to develop here. Obama continues to be held in contempt of court by refusing to grant the permits firms are requesting to develop it. Instead he is now attempting to attach our mouth to Brazil's dick in an effort to buy THEIR oil.

Sorry, you can try all you want but you won't spin that.

[blacken700]

i seen the picture of you i really woudn't waste my time 

[Fury]

Says the gimmick as he continues to follow me around this board.

[Option D]

so when it went up under Bush from $1.27 in december 2000.. to $4.50 in may 2008.. that was Bushs fault?

[kcballer]

Hahah, like a lost dog he has now taken to following me around the board. Did I really hurt your ego that badly? I know you were pretty obsessed with me on your Mons Venus account, even going so far as to PM me 5-10 threatening messages at a clip (multiple times, nonetheless), but it seems you're letting it bleed over into this account now.  

We have oil to develop here. Obama continues to be held in contempt of court by refusing to grant the permits firms are requesting to develop it. Instead he is now attempting to attach our mouth to Brazil's dick in an effort to buy THEIR oil.

Sorry, you can try all you want but you won't spin that.

Okay have you looked at what dent that would have in oil prices?  Hardly any.  You also realize American oil is set at free market prices right?  Just because it's "American" oil doesn't mean it's cheap oil and it doesn't mean it's for the American market.  It is sold to whoever will pay for it and it is paid for at free market prices, by increased supply you don't stop the increasing demand.  It is nothing more than a temporary measure, a band aid on a bullet wound.  America does not have the oil reserves to lower oil prices enough for the demand we are seeing worldwide.  The is simply fact.  

The reserves America is relying on more and more come from our neighbor to the north - Canada and their oil sands.  Those oil sands are not economically feasible in a $50 a barrel world.  It is $70 and up that they become financially doable.  The billions in investment by the oil companies themselves should tell you where exactly they see oil long term.  Hint - it ain't under $70 a barrel that's for sure.

[Soul Crusher]

so when it went up under Bush from $1.27 in december 2000.. to $4.50 in may 2008.. that was Bushs fault?

According to Pelosi - YES IT WAS!  

[kcballer]

so when it went up under Bush from $1.27 in december 2000.. to $4.50 in may 2008.. that was Bushs fault?

Nope. 

[Fury]

so when it went up under Bush from $1.27 in december 2000.. to $4.50 in may 2008.. that was Bushs fault?

Are you joking? Everyone and their mother blamed Bush.

Nope. 

Didn't stop far-lefties like you from claiming it was.

The double standards being displayed here are amazing.

[kcballer]

But it ain't all bad.  As i posted in the $5 a gallon thread this am.  In 2007 when prices were are their peak, demand for china's steel fell by 20% and US steel production increased by 10%.  The higher price of bunker fuel is in essence a tariff that allows US production of good destined for the US market to compete with China.  

[kcballer]

Are you joking? Everyone and their mother blamed Bush.

Didn't stop far-lefties like you from claiming it was.

The double standards being displayed here are amazing.

Haha generalizing yet again. 

[Option D]

Are you joking? Everyone and their mother blamed Bush.

Do you think it was Bush's fault?..

[Fury]

But it ain't all bad.  As i posted in the $5 a gallon thread this am.  In 2007 when prices were are their peak, demand for china's steel fell by 20% and US steel production increased by 10%.  The higher price of bunker fuel is in essence a tariff that allows US production of good destined for the US market to compete with China.  

And as GigantorX pointed out, your claim is reaching. Anything to justify it.

Your level of blind Obama devotion is easily recognized by the fact that you continually refuse to acknowledge that the ever-growing inflation caused Obama's moronic policies is a factor in the rising oil prices. Instead, you're trying to weave some fairy tale that demand from countries like China is what's driving prices up. Sure, they're driving prices up, but not at the rate they've been rising.

But you go ahead and continue to ignore things like QE2 while you spin your fallacious tales.

[Option D]

Do you think it was Bush's fault?..

[Soul Crusher]

[Soul Crusher]

[kcballer]

And as GigantorX pointed out, your claim is reaching. Anything to justify it.

Your level of blind Obama devotion is easily recognized by the fact that you continually refuse to acknowledge that the ever-growing inflation caused Obama's moronic policies is a factor in the rising oil prices. Instead, you're trying to weave some fairy tale that demand from countries like China is what's driving prices up. Sure, they're driving prices up, but not at the rate they've been rising.

But you go ahead and continue to ignore things like QE2 while you spin your fallacious tales.

Pointed out what?  It's not a claim it's fact.  The rise in the bunker fuel index increases the cost of shipping, as i pointed out.  Chinese steel imported to the US becomes more expensive, ergo, US steel production becomes economically viable, ergo, the potential for a move to more production of US goods for the US market.  

QE2 no doubt has an effect on the rise in oil prices.  I have never not acknowledged that.  But it is one factor, not THE factor.  

[Grape Ape]

wow that was a great debate 

The loud sound you just heard was irony meters around the country all exploding at once.....

[Fury]

Pointed out what?  It's not a claim it's fact.  The rise in the bunker fuel index increases the cost of shipping, as i pointed out.  Chinese steel imported to the US becomes more expensive, ergo, US steel production becomes economically viable, ergo, the potential for a move to more production of US goods for the US market.  

QE2 no doubt has an effect on the rise in oil prices.  I have never not acknowledged that.  But it is one factor, not THE factor.  

The possible benefits to triple digit oil.  During the 2007 peak of oil prices, Chinese steel production shrunk by 20%, whilst US steel production grew by 10%.  Could a world with higher oil prices actually mean a more competitive manufacturing market?  As the cost of shipping from China becomes like a tariff will we see jobs coming back to America again?

Something to think about.

THIS is a claim. And a ridiculous one at that. Trying to justify $5.00 by arguing that it MAY bring jobs back to America is about as pathetic and reaching as it gets. What makes it even more pathetic is that you're not actually capable of substantiating this claim of yours. You are a complete sheep.

It's pretty funny watching you consistently kneepad for your Messiah in an attempt to rationalize $5.00/gal gas. 

[kcballer]

THIS is a claim. And a ridiculous one at that. Trying to justify $5.00 by arguing that it MAY bring jobs back to America is about as pathetic and reaching as it gets. What makes it even more pathetic is that you're not actually capable of substantiating this claim of yours. You are a complete sheep.

It's pretty funny watching you consistently kneepad for your Messiah in an attempt to rationalize $5.00/gal gas. 

I'm not trying to justify triple digit oil, just explaining a possible side benefit of higher prices.  The overall effect will be crippling no one can deny that, but it's not all doom and gloom.  By the way, higher prices will come whether the US drills or not.  You have not proven me wrong in any way shape or form in fact i have proven your asinine belief that US drilling will reduce prices significantly is false. 

You have done nothing but speculate and post media articles, your most hated source of info from others.  Brutal double standard.