Author Topic: Super Early Blame Obama for high gas thread  (Read 270 times)

kcballer

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Super Early Blame Obama for high gas thread
« on: June 21, 2011, 11:47:53 AM »
As most of you are aware i do not believe President Obama will be re-elected in 2012.  Unless the republican party screws up again and picks a moron like Palin.  That said, should he not win, just what will happen to the price of oil?

Well first lets think about the offshore drilling proposed as a way to lower oil prices.  Seems reasonable right?  Drill in ANWR and we'll have $2 a gallon gas.  Sorry not gonna happen.  Build a shiny new pipeline from Canada to the US?  That will bring the price down dramatically right?  Sorry, wrong again. 

The news of an increase in supply will temporarily bring relief to Americans, but once again reality will set in.  That reality is this - high oil prices are here to stay.  Crude oil is becoming more and more expensive, costly and environmentally dangerous.  The wells are deeper, further offshore, and not as big as in the past.  This all leads to a higher cost to pump it, ship it, refine it and use it. 

Oh but what about Canadian oil, they're the second largest reserve country right?  Won't they pump more?  Yes they will and that 'more' is not crude it's bitumen a tar sand that costs a lot of money to dig out and refine.  Estimates are anywhere from $60-80 a barrel for it to be cost effective.  Throw in only one current Canadian political party likes the oil sands and that party enjoys under 50% support of the voting population, you can see why perhaps the future of Canadian oil is not so bright.   

So what does this mean for the next president?  Well simply that they will blame Obama for not drilling into far off wells with less and less crude and once again the American people will be paying $4-5 a gallon.

There is no future in gasoline.  Unless your future involves paying $15-20 a gallon when you want to drive your grandkids to school. 
Abandon every hope...

Soul Crusher

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Re: Super Early Blame Obama for high gas thread
« Reply #1 on: June 21, 2011, 11:51:23 AM »
Its a combo of factors - all of which he has greatly made worse. 

Between devaluing the dollar, banning drilling, banning exploration, moritoriums, biofuel nonsense, and on and on, he has madeit far worse. 

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Re: Super Early Blame Obama for high gas thread
« Reply #2 on: January 13, 2012, 06:50:10 PM »
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Senators warn new EPA rules would raise gas prices
By&guy
Published January 13, 2012 | FoxNews.com


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Senators from both sides of the aisle are warning that looming EPA regulations on gasoline could impose billions of dollars in additional costs on the industry and end up adding up to 25 cents to every gallon of gas. 

The senators, in a letter this week to EPA Administrator Lisa Jackson, urged the agency to back off the yet-to-be-released regulations. Though the EPA has not yet issued any proposal, they claimed the agency is planning to call for a new requirement to reduce the sulfur content in gasoline. 

Citing the nearly $3.40-a-gallon average price of gas and the state of the economy, the senators said "now is not the time for new regulations that will raise the price of fuel even further." 

They said it would be "expensive" for companies to meet the sulfur targets and cited a study that found it could add up to $17 billion in industry-wide, up-front expenses, in addition to another $13 billion in annual operating costs. 

This could in turn add between 12 and 25 cents to an average gallon of gasoline "depending on the stringency of the proposed rule," they wrote. 

"If the EPA does not proceed carefully with its regulations, the nationwide price of fuel could increase to the further detriment of consumers and businesses," the senators warned. 

The lawmakers on the letter were: Sens. James Inhofe, R-Okla.; Lisa Murkowski, R-Alaska; John Barrasso, R-Wyo.; Mary Landrieu, D-La.; David Vitter, R-La.; and Mark Begich, D-Alaska. 

The EPA did not comment on the senators' complaints. 

Asked Friday for a response to the concerns, the EPA said: "EPA is still in the process of developing the proposal." 

An EPA official said publicly in November that the agency was developing the so-called "Tier 3" standards proposal during a House subcommittee hearing. 

Margo Oge, director of the EPA's Office of Transportation and Air Quality, told lawmakers that the proposal would help the country meet its "clean air goals." 

"Motor vehicles and their fuel are an important source of compounds that form air pollution," she said. 

Oge said reducing sulfur in gasoline would make emission control technology more effective, and "the end result would be cleaner air." 

If the EPA formally issues the proposal, it would probably take more than a year for the agency to review public comments and finalize any plan. 

A Senate Republican aide said the authority to tighten the sulfur standards comes from the Clean Air Act but noted that EPA has the discretion to either impose the standards or not. 

The current sulfur standard is 30 parts per million in gasoline -- that's down from a prior standard of 300 parts per million. The new proposal could bring the standard down to 10 parts per million, according to the senators who wrote to Jackson 

The aide said there was a "bigger benefit" when the standard dropped from 300 to 30 parts per million. But squeezing that down to 10 parts per million, the aide said, might not offer as much bang for the buck. 

"They're extraordinarily expensive relative to the last round of sulfur reductions," the aide told FoxNews.com.

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