The real reasons gas prices are high.
The US #1 export is fuel. It will also be the first year in more than 60 that America has been a net exporter of these fuels. The U.S. is using less fuel because of a weak economy and more efficient cars and trucks. That allows refiners to sell more fuel to rapidly growing economies. Experts say the trend helps explain why U.S. motorists are paying more for gasoline. The more fuel that's sent overseas, the less of a supply cushion there is at home.
The hypocrisy of the Conservatives never fails to amaze me and the hypocrisy of blaming President Obama for rising gas prices is no exception!
Gas price under bush went to $4.21 a gallon and was over $3.00 a gallon most of his last term in office.
The only reason gas was at $1.85 when President Obama took office is because of the economic crash which greatly reduced demand and the crash effected all countries not just the US.
Gas prices rise with demand and as the economy has improved it is completely normal for gas prices to increase as more businesses use fuel for deliveries, more trucks on the road, more people traveling, and more people driving to work. So our rising gas price is actually an indicator that the economy is recovering.
Speculation. The CFTC is not enforcing rules established under the 2010 financial reform law that require limits on speculative trading in energy futures markets. In the past you had to be able to take physical delivery of the commodities to hold these positions. Speculators are needed to ensure liquidity in the markets. Now the speculators make up 80% of the market.
Faux, I'm mean fox news likes to blame Obama, but here is a video of them defending Bush, saying a president has no control over oil prices.
FLASHBACK: Fox News On Gas Prices In 2008 - YouTube
Gas, other fuels are top U.S. export – USATODAY.com
“The figure reflects a huge surge in U.S. oil drilling, up nearly 60% in the past year and the highest total since at least 1987, when oil services company Baker Hughes Inc. began keeping track,” notes the WSJ.
Poor Barack Obama, he opens up the country to a drilling spree — and naturally progressives are pissed because, well, we care about things like clean air, clean water, and a livable climate.
But conservatives are strangely ungrateful, too! They blame Obama’s supposed anti-drilling policies. So Mitt Romney said earlier this year, “People are hurting, gasoline’s expensive and the policies of this administration that have focused solely on green technologies are not keeping the cost of gasoline down.”
Darn you Barack Obama for only quadrupling the number of oil drilling rigs in the US!
The fact is oil prices soared despite both record drilling and the highest domestic oil production levels in almost a decade. It should be obvious that yet more drilling can’t have any significant impact on oil prices — particularly since the U.S. Energy Information Administration has been making that precise point for years now (see
EIA: Full offshore drilling will not lower gasoline prices at all in 2020 and only 3 cents in 2030!).
So now Moreluck. Lets be honest. Why do blame Obama for every thing that went wrong in this country? Why is the right wing the best thing since sliced bread?
I'm no fan of Obama. He's done plenty to be upset about. But this constant ranting against the left (which Obama really isn't, I wish he was) is ridiculous.
Do you really hate him that much because he's Black.
