Rising gas costs mar Obama re-election bid

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  • HotGlobe SAN RAFAEL, CA
    Feb. 25, 2012 11:09 a.m.

    OPEC controls world oil supply. If we maximized our drilling production, trampling over every sensitive area and accepting that we are going to have a lot more catastrophic oil spills, it still wouldn't make any difference in the price of gas. OPEC would just produce a little less. They know what they are doing and don't want price of oil to go down.

    Prices are going up at the pump now, so people feel we must do something. It does not matter if that something has no effect; it still feels like action. "We better drill; the more holes we poke in the ground the better." That won't work because the task of lowering the world price is just too big. Unfortunately, Republican candidates realize that most Republican voters aren't that sophisticated. They know their electorate doesn't realize oil goes on the world market; their voters think we can lower the price of gas just within the US and aren't very concerned about how much we trash our environment.

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    Feb. 24, 2012 7:55 p.m.

    Just like peas in a pod, milk and cookies, wheels on a bicycle and matching socks, most things in life are better in twos. Romney will be speaking at an event sponsored by the Koch brothers. These are the same guys who made their billions by jacking up prices at the pump and have already spent millions spreading lies about climate change science. It's good to remember that, while President Obama has outlined a strategy to ease gas prices, Romney quintupled a tax on gas as governor on top of the gas tax Massachusetts motorists were already paying. Gold climbs upward to $1779.00 per ounce, Silver $35.61 per ounce, the dollar drops lower, it costs MORE dollars to buy oil then, a major factor that people may not be thinking about is the weakening dollar, which has been losing value over at least the past 10 years. Cause throughout the world, when people trade in oil they trade in the dollar. There's no way to separate oil from the dollar right now. So if the dollar is worth less, has less spending power than it used to, it buys less oil. Countries that sell oil in dollars and exchange it to their currency, end up with less money because of the weakened dollar. So they charge more. And that higher price gets passed on to consumers.

  • BobP Port Alice, B.C.
    Feb. 24, 2012 6:58 p.m.

    Obama shot himself in the foot when he got all cranky and cut down Keystone. The most important thing to remember is his defeat this fall.

  • worf Mcallen, TX
    Feb. 24, 2012 2:35 p.m.

    Hmmm? If gas prices go up, it's because of Iran and George Bush.

    If gas prices go down, it's because Obama is a great president.

    A president with no faults, is changing our country.

  • Mountanman Hayden, ID
    Feb. 24, 2012 12:10 p.m.

    @ Mike W. Gasoline prices are at record highs in much of the country for this time of the year, never been this high with no end in sight as oil prices are going up everyday!
    I do not doubt for a minute that Newt can get gas prices to $2.50/gal or lower. All he would have to do is issue more drilling permits, open Anwer and approve the Kesytone pipeline and watch oil prices fall almost as if by magic! We could then tell Iran go ahead and close the straights of Hormuz! We can tell the Saudi's to take a hike and be energy independant! Now that's leadership!

  • Mike W Syracuse, UT
    Feb. 24, 2012 11:30 a.m.

    re: Mountanman

    I don't think Obama is even the worst president of the last decade! You seem to forget how much prices rose 2001-2008. The majority of oil pricing is out of the president's control and is dictated by "speculation" and wall street greed more than Obama, Bush... for Gingrich to promise $2.50 gas shows how much a desperate politician will lie to try and get what they want.

  • DeltaFoxtrot West Valley, UT
    Feb. 24, 2012 11:18 a.m.

    The only way oil prices will ever return to economically sustainable levels is through the elimination of speculation. Demand for oil in America is actually falling, and has been for several years now as people drive less and cars become more efficient. Yet the price keeps on rising.

    If I were a gas company I'd be really scared right now. Despite all their efforts a real, viable, affordable electric car for the average commuter is only 10-15 years off. Keep hiking those prices and you may find that people don't need your product in very short order.

  • Mountanman Hayden, ID
    Feb. 24, 2012 10:54 a.m.

    @ Utahbluedevil. Thanks for your comments. Let me try to explain it this way. Suppose you are in the oil business and its your job to buy future oil contracts for delivery to refiners in the US. You see that Obama vetoed the Keystone pipleline, vetoed drilling in Amwar and cut drilling permits by nearly half(the drilling permits in N. Dakota were approved by GWB) compared to previous administrations.These are the hard facts. Your competition knows it too so you start bidding against each other for a decreasing supply of oil and an increasing demand worldwide. The future supply of oil for you to buy is not increasing as fast as the demand so, what do you think will happen to the price? So, yes, it is a worldwide market but so is corn, wheat, rice and metals sold on a world market and the reason those prices are at least stable is we produce MORE to meet the demand so the price is stable. Oil is no different! Obama wants to control the demand by controlling the supply, no matter how much it costs and no matter how much economic suffering he causes! Remember cap and trade? That tells you all you need to know about Obama and the future of energy in the US.

  • UtahBlueDevil Durham, NC
    Feb. 24, 2012 10:00 a.m.

    Mountainman - the only way a president can control what gas prices are is through price controls. Even if we drilled every orafice this planet has, we don't here in this country control global demand, and therefor have little if any ability to manipulate prices. Commodity prices are driven by perceived long term availability - a very free market and capitalist way to view the world. Anything short of that is to have the US president play the role of Huge Chavez.

    Brazil has worked har to dimminish its reliance on oil, and therefor control its own destinany through drilling expansion, and aggressive investments in alternatives to shift the demand equastion. Americans don't have the courage or foresight to head down that path. Rather, they want to beleive all he have to do is do the same thing, but more of it, and the problem will go away. Like taxes, raising the amount of it doesn't reduce the demand side, if anything it increases it.

    Why is it conservatives get that principle with taxes, but not with oil?

  • one vote Salt Lake City, UT
    Feb. 24, 2012 9:42 a.m.

    Economy improving, that is very bad for the party of Doom and gloom. Maybe Glenn Beck can stir up some unrealistic fear to drive up his gold sponsors income.

  • Informed Voter South Jordan, UT
    Feb. 24, 2012 9:23 a.m.

    Obama has stated he wants high gas prices to create demand for green projects and to force smaller, more fuel efficient cars. It will be interesting if people will give him a pass on this rather than acknowledging his policies (not Bush) are causing the high prices. He is purposefully not drilling in the U.S.

  • Mountanman Hayden, ID
    Feb. 24, 2012 8:15 a.m.

    Barrack Obama= Jimmy Carter in the race for the worst president in the history of America! So very similar in their failures, run away energy prices being just one!

  • Baron Scarpia Logan, UT
    Feb. 24, 2012 7:26 a.m.

    Gingrich is promising $2.50 gallon gas if he gets elected. Like that is the magic path to happiness in America...