Even under 4 years of Jimmy Carter’s failed energy policy, gas rose about 35%. Under two years of Obama, the price of a gallon of gas is now up 100%. The only difference (other than prices) is we don’t have gas shortages. The reason for that is the strategic oil reserves, which did not exist during the Carter presidency.
Hope ‘n Change, Baby!!!
Feeling pain at the pump? Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58. The lowest average price in the continental United States is $3.31 in Tulsa Oklahoma, the highest is $4.14 in Santa Barbara, CA. Four-dollar-a-gallon gas has arrived on average throughout California, and a number of other states are headed in that direction.
Well how about “going green” and making more ethanol? Mmmhhhhh, no. That’s part of the problem and it also creates an even bigger problem. With ethanol you lose 30% efficiency which translates in to buying more of it, and that translates to even higher costs to the consumer. Also, it’s expensive to produce and uses a high amount of another natural resource essential for life, water. But that’s not what I was getting at.
More ethanol mandates (as Obama has ordered) means more crops being used for fuel and less for food, thereby driving the cost of food up. We are already experiencing that consequence here in the United States as anyone that goes to the grocery store is aware of, and there is, according to the U.N. a worldwide food shortage. Take away even more crop land with those eyesore windmills and solar farms, and you compound the problem. Forget the utopian green stuff. Like the national debt, we can’t afford it, and it’s unsustainable. Ever heard the phrase, “Death by a thousand paper cuts?” That’s what “going green” is all about (in a general sense).
I have even more good Obamanomics news for you. Following Obama’s energy plan, and current trends continue, gas prices will double again in about a year. What that means is gas prices will have risen 200% in three years of Obama.
The Washington Times put it this way:
If the trend continues, gas prices would double again within a year. 100% gasoline price inflation is nothing to brag about, but imagine Mr. Obama going into the 2012 election having to explain why gas costs $7.00 a gallon.
Why is this acceptable? No outrage, no complaining, no nothing. Imagine if this was the Bush policy. We’d never hear the end of it. All we’d hear from the partisans (including the media) is that fuel is up 100% and it’s Bush’s fault. Excusing this because it’s “your guy” is really sick. To me, I don’t care if it’s your guy or my guy, this is unacceptable, period.
Yep. Let’s blame government again for the price increases that Wall Street is causing.
[...] Under Obama, gas prices up 100% (angrydd.wordpress.com) [...]
Bak72;
The stupidity of the left continues to amaze me. Yes, in fact, government HAS caused the high prices. Wall Street doesn’t have a thing to do with the drilling moratorium currently in place. Wall Street does not prevent America from building nuclear power plants or oil refineries.
Only one aspect of society interferes with the free commerce of energy, and that is the people in power, who, it might be noted, do not pay for their own fuel or travel and instead reach into the pockets of the taxpayer every time they want to take a little trip.
When gas was $4.77 a gallon in 2007, Nancy Pelosi claimed it was the fault of the “oil man in the White House.” That’s also the man who REMOVED the offshore drilling moratorium that Obama replaced and expanded. At this point, the price of gas is now the fault of the OILY man in the White House– the man you idiots elected without bothering to research him in any way, over the vociferous objections of those of us who could see past his skin color to the radical politics he has embraced his entire life.
Yes, Virginia, it IS government’s fault that gas is so expensive– and it’s throttling our economy. When employers don’t have to pay $4 at the pump they can afford to hire more workers and make more products. It’s the simplest and most pervasive commodity in our economy.
Get over yourself.
Angry D;
You are correct, Wall Street has nothing to do with the moratorium on offshore drilling of wells that are not in the process of being built. However, the Government has nothing to do with the speculators that are buying oil yet again and causing a bubble on Wall Street for oil prices. Most commodity analysts say that the speculation is the cause for 30% of the price. Here in North Dakota, that is over $1 for each gallon of gas. So each time I fill up my family’s two vehicles over $30 is gong to speculation costs.
It is funny, but during congressional hearings a question was put forth to oil executives a few years back. They were asked if regulations were cut back would they build more oil refineries. Guess what the answer was? No. That is what every single executive said. Why would they say that? Profit. Why would you build an Oil Refinery to compete against yourself? Right now, the Oil Companies control the amount of crude that gets refined for the most part. There are a couple of independent Oil Refineries out there, but the Oil Companies control the supply.
Maybe you can answer these questions. Why have the oil companies refused to sell their oil refineries that have sat vacant for 20 years? Why when presented with ways of getting around regulations for building more Oil Refineries, they have refused? Why do Oil Companies need to have more exploratory wells and tracts when over 70% of the rights that they do have have not been touched?
I agree that there is only one aspect of American society that interferes with the commerce of energy, and that is the energy companies themselves, not the government. After all, the government continues to handout taxpayers money to these corporations that promise to expand the amount of energy that the country has. And yet, we continuously feel pain because of energy prices. Maybe the right should look at all the subsidies that these Oil Companies are getting and then actually see how that money is being spent on energy production. I’m sure that they would be shocked to find out that the money is going into their Representative’s pocket.
Oh, by the way. Here is Goldman-Sachs analyzing their position of the price of oil:
The unfolding events in North Africa and the Middle East have pushed up Brent crude oil from $100/bbl in mid-February to over $125/bbl last Friday. These high prices levels invite comparison to the spring of 2008, when crude oil prices first breached these levels in May before peaking at over $145/bbl by early July. We believe that there are fundamental differences between now and the spring of 2008: Both inventories and spare capacity are much higher now and net speculative positions are four times as high as in June 2008.
http://blogs.wsj.com/marketbeat/2011/04/12/goldmans-commodities-call-exactly-what-did-it-say/
Sort of puts a hole in the regulation is causing high gas prices theory, don’t you think?