Published: Friday, Oct. 5 2012 12:00 a.m. MDT
This was crazy. I was there a few days ago and the gas prices were higher there
than here. Then the next morning it had gone up even more. This is more than
double it was 4 years ago. Why do we have to put up with this? Everything we buy
now goes up JUST because gas prices go up. The regular gas prices being twice as
much are under President Obama.
First, the president, no matter whom the president is, has virtually nothing to
do with it. Now then, oil will never be cheap again, never, unless the world
economy virtually collapses. There just isn't enough left, and none of it
is cheap to extract anymore. This is the new reality of declining supply meets
increasing demand. As far as california goes, they have specific requirements
for fuel because there, unlike in utah, they believe man can affect the
environment and that the gob of smudge that used to hang over LA was bad. So,
when refineries that always run near capacity go offline, supply lags behind
demand. And oil companies won't build new refineries because they cost
billions and they're lookng at the remaining supply curve and they know
it's not worth investing because they won't get it back. There are
strong warnings in this situation but we're going to ignore them and blame
TO: "Hutterite, American Fork, UT"I slightly agree that in
the very short term, US President may not have so big impact to the price of
national gas price, but, at the same time, in the real sense especially in the
mid- or long- term, US President have great impact to the national average
gasoline price. Look at this: 1) Energy policy 2) EPA regulation 3)
Administration tricks.When US government persuade a domestic energy
production growth, the international oil market will be greatly impacted because
US is the biggest customer. If like what Owebama doing right now, higher and
higher tax to energy company and tighter and tighter regulations and with his
stupid inefficient policy on so-called "green energy", American would
suffer longer time of higher gasoline price as it is now.
I agree that government policy has a lot to do with the high price of California
gas, but it's not Obama's policies, it's the policies of the
California state legislature. California prices have been higher than Utah
prices (or for that matter, Arizona and Nevada prices) since long before Obama
There are clear differences in Obama's Energy Policy and Romney's.
Romney's would expand drilling availability and approve the Keystone XL
pipeline. Both of these would allow for more oil, but not immediately.The biggest problem with the price of gas in California is the 69 cents per
gallon in taxes.Fun fact: Soaring gas prices are a harbinger of
inflation to follow.
Re: Hutterite American Fork, UT"There just isn't enough left, and
none of it is cheap to extract anymore."Actually there are vast
untapped source of oil in the United States. North Dakota is currently enjoying
an oil boom and can't find enough workers to fill the demand.The problem is refineries, and that is where the bottleneck is. Obama is
directly responsible for his obstructionist attitudes about developing our oil
reserves here at home. Of course the liberals would like to blame Bush for it.
@Rifleman: What policies did Obama put in place that superceded anything Bush
had in place?
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