View Poll Results: How Much of an Influence has Obama had on rising gas prices?

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  • A great deal of influence

    8 23.53%
  • Some Influence

    5 14.71%
  • Very Little Influence

    21 61.76%
  • Other/Unknown

    0 0%
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Thread: How Much is Obama to Blame For Gas Prices?

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    How Much is Obama to Blame For Gas Prices?

    I was curious as to what posters here have to say about Obamas influence on rising gas prices after reading that gas prices were up 100% under him. How much is he to blam

    Gasoline up 100% under Obama - Washington Times
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    Re: How Much is Obama to Blame For Gas Prices?

    Little to none....


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    Re: How Much is Obama to Blame For Gas Prices?

    I'll be answering the question of the poll and OP, not necessarily the title.

    Very little. Summer time, turmoil in the middle east, and the simple upward trend of oil prices are the likely largest culprits. Obama likely influenced it somewhat with the ban in the Gulf during that time and his policies are likely driving speculators to buy in ways that raise the price due to his policies not painting a good picture for oil. However, outside of that I think he's had little real influence on the price.

    Now, I think there's things he hasn't done that would've had a POSITIVE influence on bringing prices down. However, not taking action to me isn't necessarily him "influencing" something unless he was specifically taking action to not take action (such as the gulf oil ban). So I don't consider that part of his "influence" on the prices of gas. Its too indirect of an association for me to really attribute it.

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    Re: How Much is Obama to Blame For Gas Prices?

    He has the ability to steer the conversation, to hold meetings with Opec, to weigh the benefit of releasing reserves, to expand drilling and access here, etc. He can lead the way and he isn't. So as a leader, he has influence.

    In every other way, he's got nothing...he doesn't set the price of oil, he doesn't control the larger supply (or demand), he doesn't own oil production/refining facilities, etc.
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    Re: How Much is Obama to Blame For Gas Prices?

    Gas prices are mostly influenced by the OPEC. Not the US administration. So I don't know how any US president could be blamed for gas prices. Even if we managed to have enough oil to supply our insane amount of consumption for more than a couple of years, we'd be fools to sell it to ourselves bellow international market prices. Americans do so much bitching when it comes to gas. Most of Europe would be lucky to pay what we pay for gas. For all intended purposes we are the lower end of the global gas price average.
    Last edited by Hatuey; 05-05-11 at 04:54 PM.
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    Re: How Much is Obama to Blame For Gas Prices?

    Quote Originally Posted by Hatuey View Post
    Gas prices are mostly influenced by the OPEC. Not the US administration. So I don't know how any US president could be blamed for gas prices. Even if we managed to have enough oil to supply our insane amount of consumption for more than a couple of years, we'd be fools to sell it to ourselves bellow international market prices. Americans do so much bitching when it comes to gas. Most of Europe would be lucky to pay what we pay for gas. For all intended purposes we are the lower end of the global gas price average.
    I realize much of it is out of reachof the president and his administrations authority, but after all, what I should have implemented and made more clear was how much of the rising prices could have been prevented if he would stop relying on OPEC and open drilling instead of banning and shutting them down?
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    Re: How Much is Obama to Blame For Gas Prices?

    It is due to the high demand by people who want to drive large vehicles over long commutes

    Should more people drive more efficient cars over shorter distances the price of gasoline would go down

    That is how the free market works.
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    Re: How Much is Obama to Blame For Gas Prices?

    Very little.

    Although I think Tess has a point. If one wants to look at it from the perspective of "how has his inaction affected gas prices," then yes you could say he bears some responsibility. But naturally the government of the United States doesn't not set gas prices.
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    Re: How Much is Obama to Blame For Gas Prices?

    Quote Originally Posted by DontDoIt View Post
    I realize much of it is out of reachof the president and his administrations authority, but after all, what I should have implemented and made more clear was how much of the rising prices could have been prevented if he would stop relying on OPEC and open drilling instead of banning and shutting them down?
    This implies that the US has the capacity to change prices with additional domestic drilling. Current reserves coupled with average time to market placed against growing demand overseas suggests this is mathematically impossible.
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    Re: How Much is Obama to Blame For Gas Prices?

    Quote Originally Posted by tessaesque View Post
    He has the ability to steer the conversation, to hold meetings with Opec, to weigh the benefit of releasing reserves, to expand drilling and access here, etc. He can lead the way and he isn't. So as a leader, he has influence.

    In every other way, he's got nothing...he doesn't set the price of oil, he doesn't control the larger supply (or demand), he doesn't own oil production/refining facilities, etc.
    Not quite. There is one thing Obama can do. But it arguably would cause more problems. As oil is traded in dollars, a weak dollar causes increases in oil price to make up for the currency differences. A strong dollar would cause oil prices to decline. Basically if Obama got Ben to jack up rates, he would strengthen the dollar and reduce oil prices. He'd probably also start another recession though.

    Only fools think that more drilling will reduce prices. At BEST more drilling will slow the rise of prices.
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