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Thread: Obama doesn't accept responsibility for gas prices

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    Quote Originally Posted by Joeygetzo View Post
    The only piece of evidence you can correlate with Obama and increasing gas prices, would him not bringing back a sound monetary system. The increase in gas prices has to do with the devaluation of our dollar, our dollar is getting weaker and weaker therefore we have to pay more money for the same amount of goods.
    Well that combined with increased cost to get the oil. Higher air quality standards. Higher insurance rates. All cause higher costs.

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    Re: Obama doesn't accept responsibility for gas prices

    Quote Originally Posted by apdst View Post
    Production isn't up because of Obama. Preduction is up because of all the drilling that was done before Obama took office.
    Why is it when it comes to oil and gas? Republicans suddenly become socialists, wanting the government to do something and failing to adhere to free market principals.

    Drilling is up because the price (and price deck) are up. The US is generally a mature oil market, with high extraction costs. We also have vast, vast petroleum reserves tied up in shale oil; an expensive technology challenge to get at. Oil drilling only makes sense when prices are up.

    The other odd thing in Republican thinking is that somehow domestic production will radically reduce gasoline costs. Sorry, but we are dealing in a world market. If companies can get more in China for gasoline than the US, that is where the gasoline goes... until the US demand curve settles on an equivalent price. The US is now an EXPORTER of gasoline. Great to drill, but the world is the beneficiary... given the growing demand for gasoline and petroleum products from emerging economies, our drilling will help the balance of payments rather than the price at the pump.

    U.S. Nears Milestone: Net Fuel Exporter - WSJ.com

    I know the Republicans are foaming at the mouth, perhaps finally settling on an issue they can hammer Obama with..... It is a good hammer, even if it is wrong.
    Last edited by upsideguy; 02-24-12 at 01:58 AM.

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    Re: Obama doesn't accept responsibility for gas prices

    Quote Originally Posted by Gie View Post
    This is an interesting and important turn in the upcoming election. Can Obama, with his moratoriums and pipeline blocking, successfully pull off the "don't blame me" game when few presidents before him could? IMO 5 or 6 dollar a gallon gas could spell the end for his re-election plans, despite the mess the republican filed of contenders is. This is an issue that will weigh heavily on the outcome of the election IMO.
    The biggest arguable cause of gas and oil price increases are the Iranian sanctions. Removing Iran from the free global supply to a limited supply is having a supply shock impact upon oil prices.

    The GOP should be cheering higher oil prices as a sign that the Iranian sanctions are working. Instead they bash him for rising prices that are largely due to something they want. That is hypocritical. Either they are stupid or exceptionally partisan.

    The fastest way to reduce gas prices is to end Iranian sanctions.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Obama doesn't accept responsibility for gas prices

    Quote Originally Posted by haymarket View Post
    Of course. We know the right wing mantra by this late date: anything bad that has happened since January 20, 2009 is the fault of Barack Obama. Anything good that has happened is directly attributable to anything other than Barack Obama.

    If it were not so pathetically lame and predictable like that little rubber hammer hitting your knee, it would be funny. Instead, its merely sad.
    Actually I have to agree somewhat with Adpst. Oil typically takes between 5 and 10 years to come to market from a new site. Given the investment in the mid to late 2000s, it makes sense that oil is increasing partially due to pre-Obama investment.

    That said, the use of fracking to extract oil and gas is increasing production and large amounts of that have happened since 2009. Therefore, Apdst is partially right that it's due to pre-Obama drilling but also wrong because he did not deal with post-Bush fracking.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Obama doesn't accept responsibility for gas prices

    Quote Originally Posted by rocket88 View Post
    OK, quick quiz, which strait does a lot of oil come through?

    Now, is that strait currently an international hot spot because of our foreign policy toward one of the nations bordering said strait?

    Now, if said nation acquired nuclear weapons because our policy was too soft, that would be bad, right?

    So, should Obama take it easy on Iran so there's no problem in the Strait of Hormuz to keep gas prices low?

    Didn't think so.
    It's amusing watching people you'd know would scream bloody murder if Obama stopped the sanctions yet blame him for rising oil prices. They want to have their cake and eat it too.

    As I've been saying for a while now, the fastest way to cut gas prices to end sanctions. How many of the "Blame Obama" group here would like that?

    FYI: http://www.debatepolitics.com/polls/...post1060230776
    Last edited by obvious Child; 02-24-12 at 03:15 AM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Obama doesn't accept responsibility for gas prices

    Quote Originally Posted by obvious Child View Post
    Actually I have to agree somewhat with Adpst. Oil typically takes between 5 and 10 years to come to market from a new site. Given the investment in the mid to late 2000s, it makes sense that oil is increasing partially due to pre-Obama investment.
    if Adpst is going to claim present oil production is the result of Bush policies, he also needs to accept the state of the economy and high unemployment the result of Bush policy.

    Regardless of who's to take credit, production is up as well as prices so to blame Obama is disingenuous.
    Last edited by Hikertrash; 02-24-12 at 03:37 AM.

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    Re: Obama doesn't accept responsibility for gas prices

    Refreshing to see somene gets it.............

    Quote Originally Posted by upsideguy View Post
    Why is it when it comes to oil and gas? Republicans suddenly become socialists, wanting the government to do something and failing to adhere to free market principals.

    Drilling is up because the price (and price deck) are up. The US is generally a mature oil market, with high extraction costs. We also have vast, vast petroleum reserves tied up in shale oil; an expensive technology challenge to get at. Oil drilling only makes sense when prices are up.

    The other odd thing in Republican thinking is that somehow domestic production will radically reduce gasoline costs. Sorry, but we are dealing in a world market. If companies can get more in China for gasoline than the US, that is where the gasoline goes... until the US demand curve settles on an equivalent price. The US is now an EXPORTER of gasoline. Great to drill, but the world is the beneficiary... given the growing demand for gasoline and petroleum products from emerging economies, our drilling will help the balance of payments rather than the price at the pump.

    U.S. Nears Milestone: Net Fuel Exporter - WSJ.com

    I know the Republicans are foaming at the mouth, perhaps finally settling on an issue they can hammer Obama with..... It is a good hammer, even if it is wrong.

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    Re: Obama doesn't accept responsibility for gas prices

    Quote Originally Posted by Hikertrash View Post
    if Adpst is going to claim present oil production is the result of Bush policies, he also needs to accept the state of the economy and high unemployment the result of Bush policy.
    The chance of that happening is like every zebra in captivity sprouting Pegasus wings and taking flight. Apdst will never give a Democrat credit for anything. In fact when Obama does what Adpst wants him to do, he'll try to find even the most minute failing to attack him on while completely ignoring the fact that Obama did what adpst wanted him to do.

    Adpst's partisan hypocrisies aside, he is correct that oil drillings before Obama are bearing fruit.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Obama doesn't accept responsibility for gas prices

    Quote Originally Posted by Mycroft View Post
    Cry me a river, dude. LOL!!

    If gas reaches $5.00 a gallon, it won't matter if the consumer puts an R, a D, a C or an L behind their own name...they'll blame Obama.
    And you know this because ?????
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    Re: Obama doesn't accept responsibility for gas prices

    As much as it would hurt I am actually hoping for $5.00 gas because that will guarantee obama's defeat. Better now when we can do something about it that after he's reelected when we are at his mercy another four years. God only knows what gas prices would be after four years of obama with no fear of reelection looming on the horizon.

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