"I Don't Bluff" comment $6.50 a gallon here we come

[Vedubin01]

Nope. I understand the confusion between what you read from facts and how they contradict the opinions of people like Vdub, but that's just because he isn't informed and simply repeated misinformed and ignorant rhetoric.

prove me wrong DICK, dont just run your mouth with empty BS

[rwh11385]

http://grist.org/oil/obama-mocks-drill-baby-drill-the-american-people-arent-stupid/

Obama mocks drill, baby, drill: ‘The American people aren’t stupid’

People in threads like this proves that yes, Americans are that stupid.

US only produces 11% of the world's oil and consumes now 22% of the world's total demand. (China consumes 10% of the world's oil, and all non-OECD's in total use 46.5%) Souce: EIA.

If US somehow increased its production by 10%, that'd only be a 1% change in global supply. And if someone we used 5% less, global demand would only be reduced 1%. That 2% would not lead to a dramatic reduction in oil market price but rather a mere offset to the headwind of need from the developing world. Long-term, oil and gas prices are only going to increase, barring a massive global recession or the collapse of China.



But we keep feeding massive amounts of money into China with our demand for cheap stuff (a lot of which we don't need)... so don't expect their appetite to slow anytime soon.

[rwh11385]

prove me wrong DICK, dont just run your mouth with empty BS

note the post before yours here and the one after.

Only a simpleton who has absolutely no interest in being informed would blame oil / gas prices on 'printing money'. Or want to put the price recovery of gas on a single person.

[Vedubin01]

http://money.usnews.com/money/blogs/flowchart/2008/03/10/why-gas-prices-rise-as-the-dollar-falls

http://business.time.com/2011/03/09/gas-price-spike-a-long-term-job-killer/

http://www.cbsnews.com/8301-505144_162-57387655/inflation-not-as-low-as-you-think/

http://www.project-syndicate.org/commentary/alhajji5/English

http://www.weeklystandard.com/blogs/study-weak-dollar-responsible-sky-high-gas-prices_561108.html

there are just a few


Im guessing RUSH is the Author of all of those.... Maybe Glen Beck has some role in this as well.

[rwh11385]

Half of those are from 2008, ha, very well read and up to date you are! And most just explain IN THEORY how lower dollar values would make oil more expensive to us, but not necessarily proving that is what is going on.

And AIER focuses on gas prices increasing driving up their "inflation" number, which is circular logic. They don't prove that inflation caused the oil price increase, but rather oil price increases make US consumption more expensive. (Still focus on Asian demand)

Even if you take the Republican's 14% loss in value TRADE WEIGHTED (which reflects the increase in trading party currency values, not just our value) over 2.5 years, that's still only 5% per year. Clearly not explaining the price recovery.

Even the article YOU posted from Time Business said "Inflation has essentially been tamed."

Reading a few [out of date] articles that talk around a discussion point does NOT mean you understand the fundamentals of the global economy and have actually cared to read up on the consumption trends. Sadly, thanks to the Dunning Kruger Effect, you honestly probably have no idea how clueless you are and how painful it is to have you poorly represent conservatives as uninformed and simple people who point their ignorant finger at Obama as the sole cause of all the nation's problems.

[Ryann]

And as long as the average American dumps money on unneeded cheap "stuff" at Walmart and moneys go to the Chinese economy, more and more development will take place there and a larger demand for oil will result.

Fuck yeah! This.

[mar1t1me]

http://money.usnews.com/money/blogs/...e-dollar-falls

http://business.time.com/2011/03/09/gas-price-spike-a-long-term-job-killer/

http://www.cbsnews.com/8301-505144_162-57387655/inflation-not-as-low-as-you-think/

http://www.project-syndicate.org/commentary/alhajji5/English

http://www.weeklystandard.com/blogs/study-weak-dollar-responsible-sky-high-gas-prices_561108.html

Read 'em all, and two things come to mind. First, there are a lot of overlapping factors that make pointing a finger to one thing as the cause of high gas prices virtually impossible. Second, those factors mean that the idea of a US President actually having much effect on them over any considerable length of time is pretty specious.

Not to say that people who want the prices high for their own benefit won't use any excuse to push those prices up.

[Morrison]

The Pres is working to recuce government spending to oil companies and restore a free market - how non-socialistic of him, eh?

http://thehill.com/blogs/e2-wire/e2-...oil-tax-breaks

[gwb72tii]

The Pres is working to recuce government spending to oil companies and restore a free market - how non-socialistic of him, eh?

http://thehill.com/blogs/e2-wire/e2-...oil-tax-breaks

the government is not spending money on the oil and gas industries
it isn't the governments money. its called tax LAW, similar to what other industires recieve. this is all more divide and conquer political games form our esteemed leader. those eveil oil and gas companies, those eveil rich people etc. you're being played by the messiah to deflect attention from his track record.


the government has no money other than what it takes from the private sector or what it chooses to print out of thin air

[Morrison]

Explain to me how specially designed tax breaks, tailored to the oil industry are different from government spending, in terms of net cash flow. As it is now, your precious tax dollars are effectively being funneled directly to oil companies, regardless of how much fuel you use. Even if the price at the pump goes up by removing the subsidies, at least it will be more aptly applied by affecting those most who use most of it. This is how the free market should work.

[rwh11385]

I'll explain how.

Hypocrites.

[rwh11385]

the government is not spending money on the oil and gas industries
it isn't the governments money. its called tax LAW, similar to what other industires recieve. this is all more divide and conquer political games form our esteemed leader. those eveil oil and gas companies, those eveil rich people etc. you're being played by the messiah to deflect attention from his track record.


the government has no money other than what it takes from the private sector or what it chooses to print out of thin air

Quoted for ridiculous logic.

Attack LOANS for growing green industries, defend tax benefits so oil keep more profits. Public loans to foster innovation are also matched 25:1 with private imvestment. Tax cuts for lobbying big oil only go into their retained earnings and lobbying budget.

[Mr. Tasty]

Or are we letting the world run itself dry before we tap our own reserves?

this, and by the time it is dry, there will be a new alternative fuel and we will be stuck with a shit load of "non-demand" fuel

[Kershaw]

i love reading gwb's posts. they are so informative and educational. even when presented with fact's telling him he is blatantly wrong, he runs around with with his hands on his ears and yells, "LALALALALA I CANT HEAR YOU!"

can Obama do one thing right in his mind?

[z31maniac]

this, and by the time it is dry, there will be a new alternative fuel and we will be stuck with a shit load of "non-demand" fuel

Plenty of uses for petroleum not related to fuel....