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Bachmann: I'll get gas under $2

StillBallin75 said:
Perry's more grounded and a much more viable candidate (he has a record to run on), but that's not really saying much when comparing her to Bachmann.
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Perry grounded? In what? He comes across to me as a lunatic who's boot's may be a tad too tight. Sure, that crap works in Texas. Yeeehaw! But on the national stage, well, smarter folks than me agree. He ain't playin' with a full deck. I tell ya. They'd have a better chance running Willie.
 
rocket88 said:
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...
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To be fair, I'm guessing her solution would be more along the lines of increasing supply by eliminating US government restrictions on drilling, which would be more than in line with the general Tea Party ideology.
 
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VanceMack said:
Kinda my point. Beat on her over her actual policies and agenda...fine. Beat on her cuz ya dont like her. Thats kinda foolish.

I dont particularly agree with anything about her other than the position on smaller and more efficient government. I certainly wouldnt vote for her. Still...should she be elected I wonder if her supporters will give her the same kind of pass on failing to live up to campaign rhetoric that the Obama supporters do. Can she use the "gosh...it was worse than I ever dreamed it would be. It was pandelirium. I thought we would be killed or even worse" type excuses too? Or will there be a double standard? Nah....
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If elected, I'm absolutely positive that she will get the same pass from Conservatives that Obama gets from Liberals. And 3 years in when gas prices are still high, they'll likely find a way to blame Obama.

VanceMack said:
That GDP chart in no way correlates to the gas prices shown on the website.
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Visually, no, because the GDP chart paints in broader strokes. If you look at dates, the lowest gas prices correlate to the negative GDP right after the banking collapses, and the high prices correlate to the highest GDP growth. It doesn't follow exactly, but the higher GDP went, the higher the gas prices went. That and the "Arab Spring" (which was completely beyond the potential control of any POTUS).
 
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!
 
Captain America said:
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!
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She could nationalize the oil industry. All I can say is "If that's what you're proposing, good luck trying to call Obama a Socialist."
 
rocket88 said:
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...
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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!
 
Top Cat said:
Controlling supply certainly can and does impact pricing.
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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.
 
Captain America said:
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!
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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.
 
1Perry said:
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.
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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.
 
StillBallin75 said:
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.
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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.
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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.
 
1Perry said:
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.
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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.
 
1Perry said:
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.
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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?
 
Captain America said:
Point being, any presidential candidate that claims they can control the global oil market is just plain bat **** crazy.
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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.
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Just the same as the Dems knew Obama really wasn't going to ban lobbyists from his administration.
 
StillBallin75 said:
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?
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No, I never mentioned the gas tax. Look, I realize we do have to have some taxes. :D

You are right that the rest is another topic.
 
apdst said:
OMG!! It'll be the end of the world!!!!! Just like Global Warming!!!!!! :shock:
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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
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From where I sit, it looks like the population could use all of the IQ points it can get.
 
Henrin said:
So if I was to run an old car I would die?
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If you were to run and old car, you'd spew some lead into the environment - which causes brain damage. Besides, you are going to die if you run and old car or not. :)
 
rocket88 said:
If elected, I'm absolutely positive that she will get the same pass from Conservatives that Obama gets from Liberals. And 3 years in when gas prices are still high, they'll likely find a way to blame Obama.



Visually, no, because the GDP chart paints in broader strokes. If you look at dates, the lowest gas prices correlate to the negative GDP right after the banking collapses, and the high prices correlate to the highest GDP growth. It doesn't follow exactly, but the higher GDP went, the higher the gas prices went. That and the "Arab Spring" (which was completely beyond the potential control of any POTUS).
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The GDP was down for all of 2009. Gas prices steadily INCREASED for all of 2009. The incline in prices is the only thing that IS consistent. The 'Arab Spring' (which is just the latest in the long line of why the current economic failures exist) doesnt appear to have all that significant an impact.

Clearing the way for new drilling wont have a dramatic impact on the overall world oil supply. It WILL have an impact on the market price of oil. The market is volatile. Providing an increase in supply that is guaranteed stable will reduce speculation and bidding wars.

Anyone can look at the prices and fluctuation over the last 3 years and recognize what she states is not impossible (improbable? OK...I'll give you that). The fact remains damn near every responder here has responded to her comments based on their hatred of the woman ("I dont KNOW what she is proposing...I just know she cant do it...whatever...whatever it is...cuz...I just know"). That's pretty pathetic.
 
VanceMack said:
The GDP was down for all of 2009. Gas prices steadily INCREASED for all of 2009. The incline in prices is the only thing that IS consistent. The 'Arab Spring' (which is just the latest in the long line of why the current economic failures exist) doesnt appear to have all that significant an impact.
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I can see your point. But when you see big spikes that are right around the same times as major increased or decreased GDP, I just can't believe that's a coincedence. The gas prices at the time Obama took office were directly tied to the housing market and financial collapse of late 2008. I can't imagine that Bachmann wants to take us back there.

Clearing the way for new drilling wont have a dramatic impact on the overall world oil supply. It WILL have an impact on the market price of oil. The market is volatile. Providing an increase in supply that is guaranteed stable will reduce speculation and bidding wars.
Click to expand...

It's likely that an increase in production from the United States would lead OPEC to cut their production by a proportional amount. Thus keeping prices at the current level. No other President in recent memory has been able to control OPEC, and I can't picture that electing her would change that.

Anyone can look at the prices and fluctuation over the last 3 years and recognize what she states is not impossible (improbable? OK...I'll give you that). The fact remains damn near every responder here has responded to her comments based on their hatred of the woman ("I dont KNOW what she is proposing...I just know she cant do it...whatever...whatever it is...cuz...I just know"). That's pretty pathetic.
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Her whole campaign is based on the same empty rhetoric we've heard from Republicans for years (Democrats have empty rhetoric too, but it's content is different). It's complete BS. "Remember how gas prices were before Obama was President?" Sure I do. They were sky high right up until the whole economy damn near fell apart completely. If there was something magical that the President could do to lower gas prices, don't you think Bush would have done that, or Obama? Especially Obama, who has a direct political interest in seeing lower gas prices. There's little to nothing that the President can do.

Bachmann saying that she can is nothing but an empty BS political promise. What puzzles me is her timing. A promise like this seems like something that comes out of desperation. She just won the straw poll, she's not in desperation mode yet.
 
rocket88 said:
I can see your point. But when you see big spikes that are right around the same times as major increased or decreased GDP, I just can't believe that's a coincedence. The gas prices at the time Obama took office were directly tied to the housing market and financial collapse of late 2008. I can't imagine that Bachmann wants to take us back there.



It's likely that an increase in production from the United States would lead OPEC to cut their production by a proportional amount. Thus keeping prices at the current level. No other President in recent memory has been able to control OPEC, and I can't picture that electing her would change that.



Her whole campaign is based on the same empty rhetoric we've heard from Republicans for years (Democrats have empty rhetoric too, but it's content is different). It's complete BS. "Remember how gas prices were before Obama was President?" Sure I do. They were sky high right up until the whole economy damn near fell apart completely. If there was something magical that the President could do to lower gas prices, don't you think Bush would have done that, or Obama? Especially Obama, who has a direct political interest in seeing lower gas prices. There's little to nothing that the President can do.

Bachmann saying that she can is nothing but an empty BS political promise. What puzzles me is her timing. A promise like this seems like something that comes out of desperation. She just won the straw poll, she's not in desperation mode yet.
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No...presidents arent kings. But a presidents positions and policies go a long way to establishing confidence in markets. Or choking them.

Maybe she felt like she had to one-up Obam'as promise to release a jobs plan. Not that the whole 8% unemployment thing mattered.
Both sides are full of nothing more than bloated campaign rhetoric and empty promises. That's why I kinda laugh at the true believers and defenders of the faith on the left AND the right...some of them actually believe their retards are superior. I havent voted for a republican or democrat since before 2003. I dont expect to anytime soon.
 
VanceMack said:
No...presidents arent kings. But a presidents positions and policies go a long way to establishing confidence in markets. Or choking them.

Maybe she felt like she had to one-up Obam'as promise to release a jobs plan. Not that the whole 8% unemployment thing mattered.
Both sides are full of nothing more than bloated campaign rhetoric and empty promises. That's why I kinda laugh at the true believers and defenders of the faith on the left AND the right...some of them actually believe their retards are superior. I havent voted for a republican or democrat since before 2003. I dont expect to anytime soon.
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Right on! I think I wanna have your baby VanceMack.
 
Captain America said:
Right on! I think I wanna have your baby VanceMack.
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I'm normally pretty secure in my manhood...but...I'm...so...ummm...flattered...uh...but...well...no....ummm...

;)

Has there been a real truly viable candidate from ANY party since Clinton? I'd actually support a last minute referendum to change the constitution and allow him to run for a third term.
 
StillBallin75 said:
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?
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That would be an easy way to reduce the price of gas, but one which neither party will take up -- eliminate the consumer gas tax altogether and offset with an "excessive profits" tax on oil companies, who aren't raising oil prices, but are certainly benefiting from them.
 
rocket88 said:
In potential, sure. Right now, not so much. Extracting the oil out of oil shale is not as easy or as cheap. Until it is, there's basically two things that could be true: prices will go up (because of the increased cost of extraction), or oil companies won't want to touch it because they won't get the profit margin on it.



Fleets that run on CNG have no effect on the price of gasoline, because they don't use it.
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Fleets running on natural gas reduce gasoline prices by reducing demand for gasoline.What are you smoking?
 
StillBallin75 said:
What you also conveniently fail to recall is that the reason prices were so low back then is because we were in the midst of a serious recession in which demand for fuel went way down. Want a healthy, stable, economy? You're probably going to have to deal with high gas prices because energy will be in demand, and no matter what new technology you develop, oil reserves are still finite, and extracting shale is still costly and has questionable environmental impacts.
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In case you havn't noticed economy is even worse now and gas is pushing $4.00 a gallon I repeat WHAT ARE YOU LIBS SMOKING????
 
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