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PhillyB

are gas prices obama's fault?

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honest question, no rhetoric or snark intended. i had a friend that generally posts inane conservative bullshit (stuff even stirs and G5 would back away from) and today he re-posted something from another batshit crazy guy that basically said "gas prices were $1.84 on 1/20/2008 and they're $3.36 on 1/20/2012. And yet the majority of Americans re-elected this clown."

i asked for clarification, and one of the commenters replied:

Didn't approve the pipeline, moratorium on Gulf drilling, sent billions to Brazil and other countries to develop new drillings and sell it to us, and slowed any recovery enough (now worse) that created a domino effect in higher fuel prices - raising the price of everything dependent on it. He's closed 40% of our coal plants, doubling the average price of electricity, raising that cost of development.

what are your thoughts on this? are there indeed direct correlations between current gas prices and the laundry list of oblunders above? or is there more to it than this?

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Mmmm no

ZIRP

But I guess Obama is a Zirp enabler, so in a way he's responsible for not stopping the fed I guess.

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gas-tax_0.jpg

The market's a bit more complex than political talking points.

There was a massive overcorrection right before Obama took office.

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I don't care whose fault it is. All I want is to not have to close an IRA just to fill up my tank

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Unless you want to nuke China and India into the stone age, prices are going to stay similar to where they are and eventually move their way up. The era of cheap gas as a primary fuel source is pretty much done, barring catastrophe.

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gas-tax_0.jpg

The market's a bit more complex than political talking points.

There was a massive overcorrection right before Obama took office.

interesting. do you have a link for that?

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So archaic, heavily polluting coal plants are being replaced by cleaner burning natural gas?

Where's the problem exactly?

you're supposed to read "war on coal" and "obama" in the same sentence and grab your pitchfork

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you're supposed to read "war on coal" and "obama" in the same sentence and grab your pitchfork

Or be thankful that natural gas prices have plummeted in the last 4 years.

And that's no more Obama's doing than rising gas prices.

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A segment of the populace blamed Bush when prices were high during his administration. And now a segment on the other side blames Obama when prices are high. Both are equally wrong and mostly foolish.

JACK CAFFERTY: And wait until the economy gets a little worse -- and it will in the next three or four months -- and we wind up in a good deep recession about late summer. McCain's going to have a lot of work to do.

WOLF BLITZER: Well, can he disassociate himself, distance himself from the President?

CAFFERTY: I don't know. Oil was $28 a barrel when George Bush was sworn in. It's $104 right now and could go to $120 soon. Now, why do you suppose that is? It wouldn't have to do with the policies of the Bush administration or the relationship they have with the oil companies, would it? Come on.

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No.

The Jan 20th, 2009 gas prices were a very short time where the price dropped and not indicative of the average through that year, but it didn't stop people from equating Bush's oil friends for doing whatever they do to make more money. You see the same sort of ridiculousness now with Obama taking oil money for inauguration and people claiming he's looking out for big oil. Problem is...oil is a commodity that is highly sensitive to a lot of factors. Can an election of a president make a difference? Sure. Probably not so much the US president...but more like, for example, a Venezuelan president that threatens to nationalize oil companies in his/her country.

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