the reason gas prices are thru the roof!!!!!!!!!!!
Posted in the Bangor Forum
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PRESIDENTAL CANDIDATE 2012
His answer to HIGH PRICES AT THE PUMP
April 24th, 2011
President Obama recently said that the economic situation was worse than they expected when he took office. That’s code for “blame Bush” again for Obama’s failed economic policies, which have not stimulated the economy.
He has chastised the business sector for sitting on over $2 trillion in accumulated cash instead of hiring people they do not need. That’s blaming the business sector for not making stupid decisions to prop up his failed policies.
And now that people are feeling the pain at the pump, he blames oil speculators for high gas prices, which are now double what they were two years ago. Remember, that’s about the time President Obama took office. And, he says there is nothing that can be done in the short term to ease the pain at the pump.
With all due respect, Mr. President, there is something you could do to ease the pain at the pump. Namely, declare and implement a “drill here drill now” strategy. And remove the ridiculous restrictions on shale oil deposits available out west.
The very speculators you are blaming for the run-up in gas prices would quickly retreat if they thought you were serious about an energy independence plan to maximize all of our existing natural resources. The problem is supply and demand, and expectations about the changes in those dynamics. That’s what drives gasoline prices at the pump.
It was recently reported by Fox News that the United States of America has the largest fossil fuel reserve in the world, due to the shale oil deposits discovered out west, plus the oil we have available in the Gulf of Mexico, Alaska and the outer continental shelf.
We have the energy resources to achieve energy independence if the government would just get out of the way. Unfortunately, government is the problem.
The Obama Administration has used the Gulf oil disaster of a year ago to limit oil exploration in the Gulf and elsewhere. As a result, the oil production in the Gulf is down 13 percent versus a year ago. That also means that there are a corresponding number of people out of work, who are denied productive and well-paying jobs.
We do not stop all commercial aircraft from flying when there is an airline tragedy. We do not stop all cars from driving on the highways when there is an unfortunate deadly automobile accident. No! We learn from those accidents and move on.
This administration’s propensity for moratoriums and prohibitions on oil and natural gas exploration right here at home is dramatically affecting the expectations about global supply and demand. It’s that simple.
Announcing a study group to determine if oil speculators are manipulating the market to drive up gasoline prices is ill-informed. It is a diversion from the real problem, which is the lack of a real energy independence plan.
When the president formed a jobs commission to make it appear that he was doing something about creating jobs, nothing happened. When he created a debt commission to address the spiraling national debt, nothing happened. In both instances, some ideas were put in a report, and then into a file cabinet somewhere.
We have seen and heard this rhetoric before. Announcing a study group does not solve the problem, and many informed observers doubt that the study group will find anything of substance. Gas prices are determined by supply, demand and normal market speculation.
A witch hunt is no substitute for common-sense actions.
Blame at the pump is no remedy for pain at the pump
Our Do-nothing trust-funder congress is the reason that our President's policies have not had full effect. They are not failed policies, they are policies sabotaged by a congress controlled by special-interest groups and lobbies. Especially those of the oil and pharmaceutical industries.
The existing oil pipeline had a disastrous leak recently caused by a lack of maintenance, yet the oil industry backed by the republican party wants to build another one! I say Not-in-my-back yard, man.
Republicans-and-Company want to help America with fuel issues? Divest in oil and invest in alternative technology.
Also, you forgot to mention our President's efforts to end federal subsidies to the petroleum industry that go back many generations. Ending this absurdity will save American tax payers and the government mountains of cash. The Obama administration's public works funding gave many people and companies jobs fixing roads and bridges that individual states are too broke to fix themselves, but public works projects pale in the face of American corporate manufacturing divestment to China, which has cost the U.S. countless jobs and completely undermined the local tax base of many American States. And why? Failure to innovate in the face of taxes and environmental laws...Too greedy to innovate. But we need more republicans in office? Failed Obama policies? I don't think so. The only failed policy we're dealing with is that of trickle-down-economics.
“Almost at the Hair Pin Curve.”
Since: Oct 10
Coming to the Hammond Holler
Obama VS Any GOP candidate now trying for the nomination = being between a rock and a hard place. America is so doomed. I will vote for most of the candidates as a vote against Obama.
Since: Nov 11
The left wing ecology-terrorists will not allow it. They protest against wind turbines because they "disrupt the environment" and "disturb the view". Solar power? It will never supply the energy to run our power grid (especially when all the "greenies" plug in their electric cars and hybrids), besides solar is only a scam for "friends of the administration" like Solyndra to line their pockets. Nuclear power? You really think that the Democratic Party's eco-terrorists will support that? How about bio-fuel? That way we can use our farmlands to power cars instead of growing food. Of course the limo-liberals won't notice, they have plenty of Russian caviar in the back of those limos.
The truth of the matter is that the socialists supporting the Kenyan in the White House have a simple agenda: Let China have the oil, and give the American people a bunch of left-wing fairy tales about "alternative energy", which they will quickly prevent from ever being used anyway.
Anyone stupid enough to support this corrupt socialist Administration deserve what they get.
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