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

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

    Quote Originally Posted by sawyerloggingon View Post
    Congratulations you are the first lib I have seen in here that recognizes law of supply and demand but in case you haven’t noticed economy as of now sucks. If you are saying gas has doubled under Obama due to a booming economy….
    Supply and demand can be manipulated by speculators buying and holding oil and other products

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

    Quote Originally Posted by sawyerloggingon View Post
    Congratulations you are the first lib I have seen in here that recognizes law of supply and demand but in case you haven’t noticed economy as of now sucks. If you are saying gas has doubled under Obama due to a booming economy….
    The US economy sucks because of the housing bubble bursting. But the US is not the only country in the world. Asian economies are growing and using alot more oil, so are some South American countries. Oil and gas is sold worldwide and is priced due to worldwide oil demand
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    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...
    And people are actually getting behind this dummy?!?!?

    Hopefully, people don't get intrigued by these empty promises, because Bachman couldn't fulfill that promise if wanted.

    At least Ron Paul is beating her almost everywhere.

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

    Quote Originally Posted by fishinRod View Post
    they sure fell for that garbage
    Coming from a righty who likely voted for Bush twice no less. I'd say y'all redefined gullible long before Fox attempted to make it popular among those of your faith.
    Last edited by Top Cat; 08-25-11 at 11:41 AM.

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

    Quote Originally Posted by rocket88 View Post
    That low price of $1.79 was a result of the near collapse of the banking industry. The economy entered a major downturn, demand for gas went down, therefore the price did. It's called "Supply and Demand." Just before that, the price was much higher.

    So unless her plan to have another collapse...

    What in her plan makes you think it's reasonable? I looked on her website, and it's full of the normal GOP rhetoric, but no specifics. Drilling is likely to cause OPEC to drop their production proportionately, because they like high oil prices. What else is in it?
    This has to be one of the most absurd things I have read to date on this forum. "$1.79 was the result of the near collapse of the banking industry"? Then you follow it up with this gem; "Drilling is likely to cause OPEC to drop their production proportionately."

    Listen, if you want $2.00 per gallon gas within a year (probably much less than $2.00), here is what ANY politician could propose:
    1) Allow all of America's oil to be drilled and or minded.
    2) Eliminate any governmental/legal regulation associated with drilling, refining and transporting of the oil/gas
    3) Eliminate any and all environmental regulations associated with any aspect of the supply chain.
    4) Heavily subsidize through tax breaks and credits any corporate entity willing to make this investment.

    There you have it, a simple 4 step plan to $2.00 oil. In other words, flood the market with supply (or the potential for supply) market prices drop...simple economics.

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

    Quote Originally Posted by sawyerloggingon View Post
    Congratulations you are the first lib I have seen in here that recognizes law of supply and demand but in case you haven’t noticed economy as of now sucks. If you are saying gas has doubled under Obama due to a booming economy….
    Boy, what a straw man that was. The blame for higher prices has been clearly attributed to speculation. It's dishonest to concentrate on one comment and ignore everything else that's been said. In addition, rocket88 has pointed out that if we increase production the OPEC nations will reduce their production. S&D, which you claim to believe in, says that will keep prices from dropping.
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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by sawyerloggingon View Post
    In an earlier post I said gas was around $2.80 when Bush left office so gas going under 2 bucks was a reasonable thing to say. I was wrong, gas was $1.79 when Bush left office. Gas getting back under 2 bucks seems very reasonable indeed. gasbuddy.com

    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.
    Except for two weeks, from 11/5/07 until 10/13/08 gasoline was above $3.00 a gallon. From 6/9/08 until 7/21/08 it was above $4.00 a gallon.

    To say that when Bush left office, gas was $1.79 a gallon and it has doubled since Obama took office may be 'technically' correct, but it's very misleading, to put it mildly.




    At the below link clicking on 'All Grades' will allow you to open a spreadsheet. Click data 1 for historical gas prices from 11/28/94 thru 8/22/11

    U.S. Retail Gasoline Historical Prices
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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by Nevergolfpar View Post
    This has to be one of the most absurd things I have read to date on this forum. "$1.79 was the result of the near collapse of the banking industry"? Then you follow it up with this gem; "Drilling is likely to cause OPEC to drop their production proportionately."

    Listen, if you want $2.00 per gallon gas within a year (probably much less than $2.00), here is what ANY politician could propose:
    1) Allow all of America's oil to be drilled and or minded.
    2) Eliminate any governmental/legal regulation associated with drilling, refining and transporting of the oil/gas
    3) Eliminate any and all environmental regulations associated with any aspect of the supply chain.
    4) Heavily subsidize through tax breaks and credits any corporate entity willing to make this investment.

    There you have it, a simple 4 step plan to $2.00 oil. In other words, flood the market with supply (or the potential for supply) market prices drop...simple economics.
    Except that it takes a couple years to refine gas and removing all regulation that prevents oil from being drilled would lead to the destruction of 100s of acres of arable farm land and fresh water supplies.
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    Re: Bachmann: I'll get gas under $2

    The dramatic rise of oil prices over the past year was due entirely to market speculation.
    What ever happened to the laws of supply and demand? Capitalism ain't what it used to be, thats for sure.
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    Re: Bachmann: I'll get gas under $2

    Quote Originally Posted by Nevergolfpar View Post

    Listen, if you want $2.00 per gallon gas within a year (probably much less than $2.00), here is what ANY politician could propose:
    1) Allow all of America's oil to be drilled and or minded.
    2) Eliminate any governmental/legal regulation associated with drilling, refining and transporting of the oil/gas
    3) Eliminate any and all environmental regulations associated with any aspect of the supply chain.
    4) Heavily subsidize through tax breaks and credits any corporate entity willing to make this investment.

    .
    So once we remove ALL the regulations, let oil companies claim eminent domain on anybody's land, and give them money....

    Heavily subsidized doesn't sound ANYTHING like socialism. Nope, not at all...


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