What Is Obama's Plan On Oil Prices/Energy Prices? (middle east, environmentalists, Kennedy)
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We have oil here that we are refusing to drill for. How idiotic is that? And you talk about government intervening.....guess what Einstein? Who is preventing companies from getting the oil we know we have? Who is preventing more oil exploration?
See how easy that was?
Drilling will not bring down the price of oil. Offshore drilling is not safe and can cost us more in the long run. We need to invest in cleaner energy. Stop your whining, if you want gas pay for it.
Quote:
Originally Posted by Moose Whisperer
You prove the point. Conservatives are correct that free market capitalism would in fact lower gasoline prices. What we have now is in no way a free market.
Government taxes oil at the well-head as it comes out of the ground. Government then taxes the oil when it is transported to the refinery by tanker, pipeline, barge, etc. Government then taxes the product when its refined. Government then taxes the refined gasoline when it is transported to gas stations. Government then taxes the gasoline at the pump when it is sold. Government then tries to blame the oil companies for being greedy.
Sad part is ignoramuses like you believe the lie.
Sad part is, you're the ones whining about gas prices. Pay the posted price or not, it's your choice. Should the government not tax chickens if they get too expensive for your wallet? Oh yeah, oil companies are the beneficiaries of more tax breaks and loopholes than any other business in the U.S. But you can keep name calling.
Drilling will not bring down the price of oil. Offshore drilling is not safe and can cost us more in the long run. We need to invest in cleaner energy. Stop your whining, if you want gas pay for it.
Go ahead invest. What do we do to alleviate the problem right now?
High gas prices will ultimately cost Obama the election. Main St doesn't care that the Dow is almost at 14,000. They do care they no longer can afford the luxuries they could just one year ago, and when the impact of these gas prices to the broader economy starts to show its ugly head, we are going to see skyrocketing poverty and unemployment. Though the banking crisis is over, the recession on Main St is not and in fact its far worse now than it was in late 2008. That is what Obama will be judged on.
The Fed has tripled the money supply and reduced interest rates to zero.
A stronger economy is trying to get off the ground but can't because all the newly created money is being retained by the banks in reserve.
Eventually the banks will start lending again, and the velocity of money will increase.
When that occurs, inflation will begin to show signs that even Bernanke can't ignore, and he will respond by raising rates.
Eventually, increased velocity, inflation, high oil prices, and interest rates will conspire to crash the market again. And we start the whole thing over again — if we can.
Pay the posted price or not, it's your choice. Should the government not tax chickens if they get too expensive for your wallet?
First you claim that high gas prices are simply the result of "free market capitolism" (sic), now you acknowledge that government taxation artificially manipulates prices. You can't even construct a logical, coherent argument.
So, gas prices are way up. Oil company profits are up. Oil companies take advantage of deductions that our government has determined will change their behavior.
So what does Obama propose??? Increase oil company taxes by removing the deductions. Now guess what happens when you increase taxes on oil companies????????
You guessed it. They INCREASE gas prices to cover the increased taxes.
Our fearless leader thinks we are dumb... and maybe we are, but not so dumb to believe his political rhetoric.
Raising taxes on oil companies will increase, not decrease, prices at the pump.
0bama's plan is that we will all have to adjust our lives to deal with high gas prices. His energy Sec. is trying to find a way to increase gasoline prices, so they match the $8/gal prices in Europe. So, we the people, are screwed.
I guess O was also responsible for gasoline rising over time -- even before elected.
The policies of the left, which want to halt oil production, are responsible. now that he is president he is doing his best to halt oil and coal production. Don't act as if 0bama's policies do not echo those of the democrats who run the Democratic Party, controlled congress for the past four years, and did there best to block oil drilling whenever possible for the past few decades.
Thank Bernanke for the dollar losing it's value. With the USD worth less it takes more USD to buy the same amount.
Only we don't get higher salaries to account for the lower dollar..do we ?
Why do you think countries are leaving the USD as a trading currency ? It's HURTING them.
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Charting The Course to $7 gas
