Some questions I don't have an answer for:* Why, when we have
much oil, do we become dependent on mid-east oil.* Why, are taxes paid
from the pumps,--not enough to finance infrastructure?Any one with
How much federal, and state taxes do we pay at the pump? How does it compare to
what the oil companies get?Perhaps higher gas prices are the fault
of George Bush.
Lost in DC,According to you it is the current Presidents fault that
we are currently building no new refineries. I am sure it is his fault also we
haven't built any in the last 40 years either? I believe their were at
least 20 years of republican presidents during that time but nothing they did,
or didn't do has contributed to this current problem? There were also
times during those twenty years when the republicans controlled both houses and
the white house so don't use that as an excuse. Could you
share with us which regulations that the current president has put in place that
have prevented new refineries from being built?
xscribe,BO's EPA.$85 per bbl oil should equate to gas
under $3 per gallon, but we have not the refinery capacity with the restrictions
imposed by BO's EPA.Also, we have built no new refineries since
the 1970s. Why invest billions for new facilities when the POTUS and his EPA
are trying to destroy the market for the product they produce? Endanger the
return and you get no investment, thus we have insufficient capacity.
Taters, you know as well as I do that both the off-shore drilling and the
Canadian pipeline project has nothing to do with the gas prices we are seeing
today. Maybe it would sometime down the road, but not today. As for the jobs
it would create, that's been debated by both sides. And are you really
arguing about a long-term solution versus a short-term solution?Now,
I will agree with you that gas prices have risen during Obama's tenure,
just as they rose above the $3.00 mark during Bush's tenure. Apparently
they must have something in common as far as policy goes, right.Also, oil is traded on a global commodities market, so unless we keep all the
oil we take in, it will just go on the market to be bought and sold by traders.
That's just facts, not rocket science!I
Well, xscribe, Obama continues to vastly limit off-shore drilling, and worse
yet, to our biggest oil reserves in the baron tundra areas of Alaska. He also
stymied the recently proposed oil line project from Canada which would give us
access to oil from the vast oil-shale reserves there. In the process, it
would've also added tens of thousands of high-paying jobs to build it.
It's all part of his green energy agenda backed by contingents of
environmentalists. His advocating natural gas is good thing, but is more of a
long-term solution with only limited short-term results.It's simple
supply and demand economics. When supply is increased faster than demand, price
goes down. Lower gas prices would stimulate the economy in multiple ways. On the
day Obama took office, gas prices were under $2 a gallon. They've basically
doubled under his administration. Every president's (including
Obama's) energy policies don't change demand, but do have a direct
effect on supply and thus prices. It's not rocket science.
We haven't limited the supply. Supply is fine. OPEC controls most of the
supply. Try again!
xscribeit's called supply and demand.Keep the demand up and limit the
supply. That is how we can thank the PRESident
Nice explanation! Didn't think you had any facts, but now I know for sure!
@xscribe:Oh, I'm sorry, I forgot we're not supposed to
hold the commander-in-chief responsible for anything over his years of tenure.
Same with CEOs, right? That's why Steve Jobs had nothing to do with
Apple's success, or why Kenneth Lay had nothing to do with the failure of
Four more years of what? If you are insinuating that Obama is to blame, please
explain how. Oil is trading at around $85 a barrel, so why are pump prices so
high? Again, I ask: How is Obama to blame?
Four more years! Four more years! Four more years!