posted February 13, 2012 12:11 PM            

the price of gas DESPITE the largest american production since 2003 is hardly a nail in his coffin.

funnily obama will raise most of his campaign money from supporters among the people, while the likes of romney receive millions from lobbyists, newt has his sugar daddy and mommy, etcetera etcetera etcetera...

obama's first term has been exactly what i thought it would...a proving ground where much of the hidden sickness in washington and elsewhere is exposed and bled out.

his second term will be about rebuilding. jwhop was SURE the "american people" would not elect this man. they did. perhaps the "american people" is much broader and more hopeful than many give them credit for.

posted February 13, 2012 01:13 PM            

Ask yourselves..."Am I better off now than three years ago"?

The answer wasn't NO! The answer was HELL NO!

And so, the second worst president in American history was sent packing after one term.

Barack Hussein O'Bomber eclipsed Carter as the worst president in American history after only 2 years of terminal stupidity in the Oval Office...with a bullet proof majority of demoscats in both Houses of Congress. O'Bomber snatched the crown right off the poor hapless Carter's head.

Thanks God that there's only 9 months left until the November election.

Now for the issue of dependence on foreign oil.

This chart tells the story and the story is a long and deep recession...under Carter and under O'Bomber which started with the election of demoscat majorities in the House and Senate.

Just draw a straight line down from the "consumption" and "net import" trend lines at about years 1976-1977 and there, you'll find Jimmy Carter...and sharp decreases in "consumption and net imports".

Now, do the same for years 2006-2007 and there, you'll find the same sharp reductions in "consumption and net imports" AND demoscat majorities in Congress who caused the current recession/depression with gross overspending and excess regulation of businesses and the real estate bubble caused by demoscats and their henchmen at Fannie Mae and Freddie Mac. Henchmen which included Franklin Raines, Jamie Goerlick and Tim Johnson...all of whom were O'Bomber campaign advisors.

Let's see if I can penetrate the "facts shield" our self appointed and self anointed intelligentsia have erected around their critical thinking centers.

O'Bomber and his Socialist comrades in Congress have done not one damned thing to lower American dependence on foreign produced oil...except cause and extend the recession which automatically lowers demand AND through their stupid, idiotic energy policies they've managed to almost double the price of gasoline from $1.87 to $3.59 in my area...which also lowers demand.

If Randall is right...and I think he is, we'll be paying $4.60 or more in a few short months. That will devastate the family budgets of working people in America. O'Bomber has done everything possible to get US gas prices up to the European model of $10 per gallon.

posted February 13, 2012 02:01 PM            

These charts tell the story about the confidence investors and consumers have in the O'Bomber economy...as opposed to the confidence they had in the Bush economy. There's no doubt in whom they had more confidence. Bush, hands down.

Investor Confidence Index Highs and Lows

..............High.....Low
2012.....105.0....84.3
2011.....105.8....64.4
2010.....105.4....75.8
2009......95.5....52.5...O'Bomber 2009-2012
2008.....113.2....58.5
2007.....150.0...107.6
2006.....148.2...120.9
2005.....145.0...111.8
2004.....150.9...123.6
2003.....150.3....91.1
2002.....143.9...105.2 ...Bush, 2002-2008

posted February 14, 2012 03:13 PM            

though interestingly obama's lowest figures appear to be AS HE TOOK OFFICE, climbing since

while bush's go in the oop(s)posite position ..

and in your oil graph consumption and production have gone down but turned back up since obama came in, while IMPORTS have gone down. MOST people would conclude that while ability to consume is returning, our reliance on imported oil is not. now THERE'S a talking point, thanks!

posted February 14, 2012 03:26 PM            

and that the falling dollar(thanks bernanke!) adds price to FOREIGN, imported oil.

and people tend to value family time and fresh food over fabulous wealth made by money making more money. even the wealthy aristocrats prefer to keep their family seats rather than cash them in.

posted February 14, 2012 08:29 PM            

quote:

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Originally posted by Randall:
That's strange to see you say that, Kat, because actually Obama is to blame. This isn't Europe. And fuel costs drive up everything else. More leftist math, I see.

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posted February 14, 2012 09:07 PM            

inflation courtesy of the fed, and speculation, are the biggest factors in the price of gas going up, especially when we have to buy from abroad. this does NOT mean that drilling more will bring it down much.

yes the price of gas is high in europe and england but it took massive bridge and entry tolls to persuade people NOT to drive to town. i lived in london for 21 years and rarely needed a car, even when travelling out of town.

bring me my electric personal helicopter thank you! there are WAY too many cars on the road, whatever the price of gas. but when you figure how many years oil takes to develop, plus extraction and refinement and transport and sales, it is actually cheaper for people to work from home than drive to work, especially in standstill traffic. not to mention the air congestion that creates.

lol at the addiction to muscle cars. where did the fairy tale success of honda and toyota come from then? european cars are generally the prototype for power, speed, handling...and gas efficiency. the most popular status cars on the road where i live are bmw and mercedes. yesterday i had to interrupt a phone call while a ferrari roared by...

my friends and family in england drive tanks! i always wanted a mini gt wagon, super handling, 5 doors and 40+ miles to the gallon; my ex swore it would never happen, too flimsy, but i'm a defensive driver so i like speed of reaction rather than roar of engine.

gas may be more expensive but more efficient cars keep the price of driving pretty reasonable if you're not a driving fool! gas was dirt cheap when cars came out, but it wasn't until the 50s that gas tanks held enough to take you very far on a fill-up. and the price has been going up ever since.

posted February 15, 2012 12:14 AM            

A statement which has nothing to do with anything under discussion here; i.e., a throwaway statement.

O'Bomber's stupidity in curtailing American production of oil...shutting down the Gulf of Mexico, shutting down the crude oil pipeline project from Canada, shutting off exploration and drilling off America's coasts and refusing to open Alaskan oil fields lead directly to a lower supply of crude oil from which to make gasoline. This lower supply of crude affects the worldwide supply and raises prices. It also sends a signal to oil producers such as OPEC that America is not serious about energy independence and they can charge whatever they please for crude oil with O'Bomber's blessings.

O'Bomber is such a small intellect that he's in way, way, way over his head as an American President. He is responsible for gasoline prices doubling under his mis-management and when Republicans start telling the true story of his energy stupidity Americans will hold O'Bomber responsible for the unreasonable gasoline prices they're paying.

Americans will hold O'Bomber doubly responsible when Republicans begin to tell the truth about O'Bomber throwing their tax money down the toilet on so called "green energy" projects which were really nothing more than a scam to pay back his big campaign contributors for throwing cash at his campaign.

Americans will hold O'Bomber tripley responsible when they find out O'Bomber wants $6..$7...and $8 per gallon gasoline because that's the only way his big campaign contributors invested in so called "green energy" can compete with oil produced energy.

posted February 15, 2012 09:18 AM            

like a 1930's hollywood news reel.

posted February 15, 2012 01:07 PM            

the fact is very few people want a gas guzzler for their everyday transport. for fun perhaps...or status satisfaction.

posted February 15, 2012 07:32 PM            

quote:

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Originally posted by Randall:
The last laugh will be on King Obama and his mindless surfs.

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Passion, Lust, Desire. Check out my journal

posted February 15, 2012 07:37 PM            

Speculation is the PC term for it, gambling is what it is.

If the Koch brothers buy barrels at $100 ea, load it on tankers and sit on it in the gulf, that drives prices up.
In 2008 a barrel was at $140!

Right now it's a $104. Our production is higher now. got that? Production, and the drill baby drill crowd need to pay attention to this->

quote:

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Sen. Bernie Sanders offered the following statement after having reviewed a list of speculative oil traders responsible for the 2008 spike in oil prices. This list was compiled by the U.S. Commodity Futures Trading Commission (CFTC).

"This report clearly shows that in the summer of 2008 when gas prices spiked to more than $4 a gallon, Goldman Sachs, Morgan Stanley, and other speculators on Wall Street dominated the crude oil futures market causing tremendous damage to the entire economy," Sanders said. "The CFTC has kept this information hidden from the American public for nearly three years. That is an outrage.

The American people have a right to know exactly who caused gas prices to skyrocket in 2008 and who is causing them to spike today. The CFTC claims they need more data to impose speculative position limits as required by Dodd-Frank. That is laughable. The American people need action to bring down gas and oil prices and they need it now, which is why I have introduced legislation with eight co-sponsors to do just that."

On June 15, 2011 Sen. Sanders introduced a bill titled the "End Excessive Oil Speculation Now Act of 2011", which would force the Chairman of the CFTC to impose strict limits on the amount of oil speculators can trade in the commodity and futures markets.

Excessive oil speculation is widely considered to have been a major contributor to high gas prices at the pump and unnecessary volatility in the oil commodities and futures markets.

"We have a responsibility to do everything we can to lower gas prices so that they reflect the fundamentals of supply and demand and bring needed relief to the American people," Sanders said.

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http://www.sanders.senate.gov/newsroom/news/?id=e802998a-8ee2-4808-9649-0d9730b75ea4