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Thread: Bachmann: I'll get gas under $2

  1. #131
    Educator shintao's Avatar
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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by rocket88 View Post
    Let the crazy promises begin!!

    Bachmann: I'll get gas under $2 - Dan Berman and Molly Ball - POLITICO.com



    How do you think that'll happen. Isn't oil freely traded? I guess you could nationalize the oil industry and regulate gas prices. That would be nothing like socialism...
    Yes! She is a raving looney Socialist!! She wants to tax you to pay Big Oil the difference between high Boardmember, Stockholder & CEOs profit margains, and bringing you low gas prices. You still pay, but Big Oil Sugar Daddys & you will now get a warm & fuzzy feeling. LOL!
    One Tin Soldier Walked Away..................

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by Top Cat View Post
    Controlling supply certainly can and does impact pricing.
    Which is what he said: "They can somewhat influence them but they do not set them."

    OPEC doesn't control the oil market, they can influence prices, but they're not all-powerful, and can't set prices.

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by Captain America View Post
    What Bachmann is counting on is that people are stupid enough to forget that any oil produced goes into a "global trough" regardless of where it's pulled out of the ground. Why would any business person sell you or me a gallon of gasoline for two dollars when China will pay them more? Because they are patriotic and care for the American people more than they do for foreigners? That's too funny.

    What's even funnier is that some stupid people will actually buy into that ****. LOL!
    China doesn't set the price they pay for gas and or oil. The markets do. When the markets are at $85 a barrel China isn't jumping in to claim those barrels for $105.

  4. #134
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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by 1Perry View Post
    OPEC doesn't set the prices. They can somewhat influence them but they do not set them. Their influence is generally short term at that. This seems to be a common misperception though.
    Very true, but by the same token drilling and expanding our domestic supply can influence them, but as President, Bachmann would not be able to set them either. I seriously doubt that any amount of drilling will reduce the price of gas to below 2 dollars. After all, our thirst for fuel will continue to grow along with our population and our economy, but at the end of the day oil is still a finite resource. Even if somehow gas prices are drastically reduced, eventually they will begin the inevitable creep upward.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by StillBallin75 View Post
    Very true, but by the same token drilling and expanding our domestic supply can influence them, but as President, Bachmann would not be able to set them either.
    I said in my first post, well, I'll repost it.

    I didn't read all the replies but I'll start by saying that it is stupid to make specific promises like this. Politicians like to make stupid promises. I don't know why.

    If you missed it, understood as sometimes as I note in that post, I can't read them all either.

    I seriously doubt that any amount of drilling will reduce the price of gas to below 2 dollars. After all, our thirst for fuel will continue to grow along with our population and our economy, but at the end of the day oil is still a finite resource. Even if somehow gas prices are drastically reduced, eventually they will begin the inevitable creep upward.
    While I think drilling would be positive for many reasons (not lining the pockets of those in the M.E., putting U.S. workers to work) I made a list of what I would do to lower gas and it didn't include drilling.

    1. Quit attacking the dollar. This includes QE.
    2. Enact a tax on trades.
    3. Raise the margins
    4 Tax capital gains the same as regular income.

  6. #136
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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by 1Perry View Post
    China doesn't set the price they pay for gas and or oil. The markets do. When the markets are at $85 a barrel China isn't jumping in to claim those barrels for $105.
    Point being, any presidential candidate that claims they can control the global oil market is just plain bat **** crazy. What is even crazier is that she makes such a claim and is running as a republican. If the GOP actually thought she could accomplish such an impossible task, they would kick her to the curb in a New York minute. Instead, they will just let her ramble knowing it's all a bunch of BS.

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by 1Perry View Post
    I said in my first post, well, I'll repost it.

    I didn't read all the replies but I'll start by saying that it is stupid to make specific promises like this. Politicians like to make stupid promises. I don't know why.

    If you missed it, understood as sometimes as I note in that post, I can't read them all either.



    While I think drilling would be positive for many reasons (not lining the pockets of those in the M.E., putting U.S. workers to work) I made a list of what I would do to lower gas and it didn't include drilling.

    1. Quit attacking the dollar. This includes QE.
    2. Enact a tax on trades.
    3. Raise the margins
    4 Tax capital gains the same as regular income.
    I agree with everything you've said here, except for your list. I think QE would be good for a separate discussion, not here. But your idea of lowering the price of gas seems to revolve around reducing the gas tax by raising other types of taxes, am I reading you correctly?
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by Captain America View Post
    Point being, any presidential candidate that claims they can control the global oil market is just plain bat **** crazy.
    THen stick with that.

    What is even crazier is that she makes such a claim and is running as a republican. If the GOP actually thought she could accomplish such an impossible task, they would kick her to the curb in a New York minute. Instead, they will just let her ramble knowing it's all a bunch of BS.
    Just the same as the Dems knew Obama really wasn't going to ban lobbyists from his administration.

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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by StillBallin75 View Post
    I agree with everything you've said here, except for your list. I think QE would be good for a separate discussion, not here. But your idea of lowering the price of gas seems to revolve around reducing the gas tax by raising other types of taxes, am I reading you correctly?
    No, I never mentioned the gas tax. Look, I realize we do have to have some taxes.

    You are right that the rest is another topic.

  10. #140
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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by apdst View Post
    OMG!! It'll be the end of the world!!!!! Just like Global Warming!!!!!!
    Ok... so now lead doesn't cause brain damage? I, like just about anyone who lives in a city, have elevated levels of lead in my soil thanks in no small part to leaded gasoline. It's why lead screening for infants is a standard blood test administered to 12 month old babys - like mine.

    From the New England Journal of Medicine:

    The blood lead concentration was inversely and significantly associated with IQ. In the linear model, each increase of 10 μg per deciliter in the lifetime average blood lead concentration was associated with a 4.6-point decrease in IQ
    From where I sit, it looks like the population could use all of the IQ points it can get.
    "A witty saying proves nothing." Voltaire

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