Presidents don't control gas prices

AtomicMouse1950

Cherished Member
Verified
Gold
Joined
May 30, 2011
Posts
2,968
Media
22
Likes
460
Points
218
Age
73
Location
Placerville , Ca.
Verification
View
Sexuality
99% Gay, 1% Straight
Gender
Male
Shhhhhh.... You are introducing facts.

Exactly... its the one thing, that Republicans can't argue against. Well they can, but they can't refute them. Well they can refute the source. But they can't exactly argue against the "facts". Bush even said it" The President Can't Control Gas prices." That should be good enough. Well let em try. But it won't wash.
 

Bardox

Loved Member
Joined
Jul 1, 2009
Posts
2,234
Media
38
Likes
551
Points
198
Location
U.S.
Sexuality
100% Straight, 0% Gay
Gender
Male
Exactly... its the one thing, that Republicans can't argue against. Well they can, but they can't refute them. Well they can refute the source. But they can't exactly argue against the "facts". Bush even said it" The President Can't Control Gas prices." That should be good enough. Well let em try. But it won't wash.

A quote to keep in mind when talking to the masses "A person is smart. People are dumb panicky animals and you know it." It's easier to convince people to blame their leaders for high gas prices than to get them to sit for a lecture to explain the faceless global markets and their effect on average people.
 

AtomicMouse1950

Cherished Member
Verified
Gold
Joined
May 30, 2011
Posts
2,968
Media
22
Likes
460
Points
218
Age
73
Location
Placerville , Ca.
Verification
View
Sexuality
99% Gay, 1% Straight
Gender
Male
Well my understanding of drilling, and barrel prices, and where we drill for oil actually is controlled by the oil companies, and they're mostly out to obtain a profit for the oil they drill. And what better way, than to sell what they drill for, on the open market. Even domestic oil that is drilled here, gets sold on the open market. So when a politician says, we need to keep drilling for more domestic oil, so that we can keep that oil here, doesn't know or understand the oil market. And they're lying when they say, if we increase domestic oil drilling, we can keep it here. It doesn't happen that way. When oil companies at the end of the year, make a 3-6 Billion profit over and above what was expected, then it's way past time to stop giving them Government monies to bolster their profits even more. We don't have an oil shortage. We actually have a glut. What we don't have enough of, are refineries in this country to convert the oil we have into fuel. Obama has increased drilling permits on American soil, and off the coast, more than the last administration.
 

slurper_la

Superior Member
Joined
Jul 6, 2008
Posts
5,860
Media
9
Likes
3,687
Points
333
Location
Los Angeles (California, United States)
Sexuality
100% Gay, 0% Straight
Gender
Male
when this subject came up during the second presidential debate I found myself screaming at TV Obama to mention Wall Street speculators...

but he didn't. :mad:

How Uncertainty, Speculation Factor Into Gas Prices | PBS NewsHour | March 13, 2012 | PBS

Are speculators to blame for soaring gas prices? - The Washington Post

HowStuffWorks "How does oil speculation raise gas prices?"

if there's one thing I'm confused and disappointed about with the president is, why hasn't he opened the strategic reserve to flood the market and lower prices as others, including Bush, have done periodically?
 

Bardox

Loved Member
Joined
Jul 1, 2009
Posts
2,234
Media
38
Likes
551
Points
198
Location
U.S.
Sexuality
100% Straight, 0% Gay
Gender
Male
Well my understanding of drilling, and barrel prices, and where we drill for oil actually is controlled by the oil companies, and they're mostly out to obtain a profit for the oil they drill. And what better way, than to sell what they drill for, on the open market. Even domestic oil that is drilled here, gets sold on the open market. So when a politician says, we need to keep drilling for more domestic oil, so that we can keep that oil here, doesn't know or understand the oil market. And they're lying when they say, if we increase domestic oil drilling, we can keep it here. It doesn't happen that way. When oil companies at the end of the year, make a 3-6 Billion profit over and above what was expected, then it's way past time to stop giving them Government monies to bolster their profits even more. We don't have an oil shortage. We actually have a glut. What we don't have enough of, are refineries in this country to convert the oil we have into fuel. Obama has increased drilling permits on American soil, and off the coast, more than the last administration.

True. Every ounce they dig up get's refined and goes straight out to the world market. Regardless of whether it comes from american shores or not, We still have to pay like everyone else. We don't even get a discount for oil that came from american lands. There are no laws that tell an oil giant what price they can charge. The price at the pump can go up 1000% for no other reason than the company owner said so.

As to permits, well....
A Rebuttal To Stupid Republicans Who Believe Obama Halted Domestic Oil Production

when this subject came up during the second presidential debate I found myself screaming at TV Obama to mention Wall Street speculators...

but he didn't. :mad:

How Uncertainty, Speculation Factor Into Gas Prices | PBS NewsHour | March 13, 2012 | PBS

Are speculators to blame for soaring gas prices? - The Washington Post

HowStuffWorks "How does oil speculation raise gas prices?"

if there's one thing I'm confused and disappointed about with the president is, why hasn't he opened the strategic reserve to flood the market and lower prices as others, including Bush, have done periodically?

There has been a release almost every year except for 2005-2009 when bush stopped filling the reserve. Due to the expansions in the market over the years, the effect of the oil release has decreased each year. Last year the release, 30 million barrels, only dropped the price for couple weeks then it went right back up to where it was prior.

My guess (and it is just a guess) is they are trying to come up with a plan that has a more long lasting effect. Last time, by the time the announcement came out the price was climbing again.
 
D

deleted15807

Guest
Yes president's don't control gas prices and they don't control unemployment. But facts don't count in the political sphere.
 

KTF40

Sexy Member
Joined
Aug 17, 2009
Posts
1,877
Media
3
Likes
60
Points
133
Location
DC
Sexuality
100% Straight, 0% Gay
Gender
Male
They don't control gas prices, but they definitely can influence them in the future. I don't know if that 5.6 million barrel figure in the pic is accurate, but even if it is it's a small fraction of what the US is actually capable of. The American Midwest is basically an untapped "Middle East" with billions of barrels of recoverable oil that could definitely have a positive impact on future pricing.

Also, I agree that oil speculation has a negative impact on current pricing as well.
 
1

185248

Guest
Isn't that Socialism.......if not outright Communism?
The other way is capitalism with outright greed, either way, the middle or bottom guy gets stuck with the bill. Do you think there could be a middle?
 

Who_Dun_It

Just Browsing
Joined
Apr 4, 2010
Posts
218
Media
0
Likes
0
Points
51
The other way is capitalism with outright greed, either way, the middle or bottom guy gets stuck with the bill. Do you think there could be a middle?

That would be dependant on who all gets to make those choices, put people who have the well being of the country and her peoples in mind, yes......put somebody who only has themselves and/or a specific group in mind, we could be better off with what we now have.
 

h0neymustard

Experimental Member
Joined
Jun 26, 2012
Posts
2,668
Media
0
Likes
4
Points
73
Location
United States
Sexuality
100% Straight, 0% Gay
Gender
Male
True. Every ounce they dig up get's refined and goes straight out to the world market. Regardless of whether it comes from american shores or not, We still have to pay like everyone else. We don't even get a discount for oil that came from american lands. There are no laws that tell an oil giant what price they can charge. The price at the pump can go up 1000% for no other reason than the company owner said so.

As to permits, well....
A Rebuttal To Stupid Republicans Who Believe Obama Halted Domestic Oil Production



There has been a release almost every year except for 2005-2009 when bush stopped filling the reserve. Due to the expansions in the market over the years, the effect of the oil release has decreased each year. Last year the release, 30 million barrels, only dropped the price for couple weeks then it went right back up to where it was prior.

My guess (and it is just a guess) is they are trying to come up with a plan that has a more long lasting effect. Last time, by the time the announcement came out the price was climbing again.

You must not be very well versed in economics. Someone jacks up the price of your favorite cereal by 1000%. Would you still buy it? Would anyone still buy it? No, the company would have to sit on it, while it goes bad. The only way they could sell it is if they lowered the price back down to where it was.

The amount of drilling done here in the U.S. has increased, but due to PRIVATE land drilling. Romney said it in his debate, and you can look up the statistics for yourself.

I know Democrats are crying and whining about us losing physical jobs. Why not drill here? That would be an immense amount of jobs made in the U.S. Bum-Fuck Williston, North Dakota Wal-Marts base pay is $17/hr. There is an oil boom going on up there. These would provide the (non-government funded, like green energy:rolleyes:) jobs that we need.
 

StormfrontFL

Superior Member
Joined
Sep 30, 2008
Posts
8,903
Media
4
Likes
6,850
Points
358
Location
United States
Sexuality
100% Gay, 0% Straight
Gender
Male
You must not be very well versed in economics. Someone jacks up the price of your favorite cereal by 1000%. Would you still buy it? Would anyone still buy it? No, the company would have to sit on it, while it goes bad. The only way they could sell it is if they lowered the price back down to where it was.Not a very good example. Cereal isn't a vital part of most people's daily existence. Gas/Oil is. If they raised the prices and people didn't want to pay what other option do they have? They could easily wait it out.

The amount of drilling done here in the U.S. has increased, but due to PRIVATE land drilling. Romney said it in his debate, and you can look up the statistics for yourself. What part of "oil drilled here doesn't stay here" don't you understand?

I know Democrats are crying and whining about us losing physical jobs. Why not drill here? That would be an immense amount of jobs made in the U.S. Bum-Fuck Williston, North Dakota Wal-Marts base pay is $17/hr. There is an oil boom going on up there. These would provide the (non-government funded, like green energy:rolleyes:) jobs that we need.
h0ney, first I commend you for going out of your comfort zone and posting more than a twitter post. Now I wanna know if you are even aware of what you are posting lately? In one post you call for nationalizing the domestic oil companies. If Obama even suggested that how long would it be before you and all the Tea Party would be up in arms screaming about how this is another step on the road to communism? Now you are practically denouncing free market enterprise. The GOP usually loves talking about how businesses should be free and unfettered, that they exist to make profit but here you are calling for them to be checked and their freedom to make profits curtailed. What will you flip on next?:rolleyes: