Since prices are lowering, can we give President Obama a small golf clap for this fact, especially in light of the recent Memorial Day weekend, which was one of the most traveled days in America?
Oil prices dropped below $88 a barrel recently. Gasoline prices have been dropping every day this month, no problem. Earlier this year when oil prices were going up, and fuel prices rose as well, President Obama was blamed by editorialists and many letter writers nationwide.
Since prices are lowering, can we give President Obama a small golf clap for this fact, especially in light of the recent Memorial Day weekend, which was one of the most traveled days in America?
If you will admit that hussein had a hand in RAISING gas prices,i'll give him a golf clap for bringing(allowing)the price down.
This overall trend in crude oil prices has been going up for the last few years. There have been a few unsustained price reductions, but we're still sitting at $ 55 over the 5 yr low of $ 39.15 per barrell. Which of President Obama's energy policies should get credit? Reduced drilling on federal land? Blocking the pipeline? EPA regulations that hinder the establishment of new or refurbishment of existing refineries?
Anyone of our regular participants can go to past poster comments and see their comments on the price of gas and predictions for the future under our Presidents tenure.
Wow! $3.01 gas really does hurt their perspective and change their tune about who's fault/credit it is. Big word here, disingenuous, or if you prefer hypocritical.
The president, regardless of which party affiliation, has little to do with short term gas prices. This is a world economy that we live in and prices are governed by demand vs supply all over the world. Energy policies of the administration will certainly have some effect on a long term basis but there is little that can be done to effect daily prices.
Yes, please take up RA's challenge and look up my consistent comments on oil and gas prices, and the President. Then take a look at RA's habit of calling folks who disagree with his desire for Nationalized Health Care anti-Christian. Hypocritical indeed.
The day Soetoro took office, a gallon of gasoline in Augusta averaged $1.66. When the price returns to $1.66 and THEN begins to drop, we can talk.
CD, Of course the President doesn't have a direct impact on daily prices. The policies of a President's administration does have an overall impact on domestic exploration, production and refining. Combined and incorporated into the world market, they either work to add to or reduce crude oil and pump prices. When an administration enacts policy that works to negatively impact everything within their control, the overall impact will be negative. Within the US, refining capacity is maxed out. That indirectly put our President in the loop for prices at the pump.
I think that we are on the same page in the song book. We just expressed out thoughts a little differently
Perhaps, but the general lack of knowledge concerning oil and gas production and refining is amazing. Way too many people relying on talking points and positions rather than facts and knowledge of the industry.
Why don't you educate us. I will be the fiirst to admit that I know nothing about the oil and gas industry. I do, however, know a little about supply and demand.
I will try to find you a couple of good references to guide you, and I posted some on the topic eariler this year. Motor neuron disease is a real hinderence when it comes to long complicated responses. Stand by.
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