Up for Debate: Gas prices become election issue

Friday, February 24, 2012 at 12:10am

To what extent do you think gas prices will play an issue during election campaigning? Will we hear more "drill, baby, drill"? Do you think Obama can find an answer to drivers' concerns? Or will it all ride on what happens with Iran and the Middle East?

Filed under: City Voices

43 Comments on this post:

By: dargent7 on 2/24/12 at 5:26

If Bill O'Reilley and Lou Dobbs are correct, Exxon-Mobil and Shell, BP are selling OUR refined gas to China for more (record) profits. That may be good Capital;istic business sense, but morally WRONG. 200 million Americans get hurt so these guys can make million dollar bonuses?
Obama better twist some arms, quickly. Gas will hit $4.00 by spring, and they're saying $5.00 by summer. If it goes that hight he should lose the election.

By: gdiafante on 2/24/12 at 5:58

Wake up Darge. The "experts" have a way of influencing the market. These are self-fulfilling prophecies...I wonder why?

Of course, we had this conversation toward the end of Bush's presidency...they really don't have much influence over prices, but the certainly get the blame.

By: dargent7 on 2/24/12 at 6:17

gD: I am awake. I think.
If these A-Holes are selling OUR presious OIL to China, and increase prices at the pump to $4.00, we, "The People" are subsidizing this practice.
Then, Congress is all hopped up on needing to drill in Anwar and build a $50 billion dollar Keystone XL pipeline.
That's not needed if Exxon-Nazi would keep our OIL here.
And we blame OPEC? "It's the Arabs".
It's looking like greedy Capitalists right here in America.

By: gdiafante on 2/24/12 at 6:22

Ok, it's early, maybe I'm not awake either. So are you, O'Reilly and Dobbs wanting American oil companies to only sell oil to this country? I'm no expert but I think that would send the price of oil higher, forcing the rest of the world to pick up the slack.

By: gdiafante on 2/24/12 at 6:29

I found what O'Reilly said. He shouldn't quit his day job. He basically wants Obama to tax the oil companies to force them to quit selling to China. He also said that the GOP wouldn't go for it because they don't like to tax the oil industry and the Dems won't go for it because they believe $5/gallon gas will force the country to move to "greener" pastures.

In reality, there's too much oil money in Washington to ever let that happen. And if there isn't, I'm sure there's a super PAC being formed as we speak to correct the matter.

By: dargent7 on 2/24/12 at 7:26

gD: If the paradigm is true, that Exxon-Nazi is getting oil from our waters (polluting and explosions killing Americans) and drilling our land (more pollution), and refines it here, then sells it to the highest bidder, China, Latin America, Mexico, and our President and Congress cannot stop this practice....we're are indeed, all fu****.
There answer is to build a pipeline which just will rape our land and then sell that overseas, too?
I knew I shouldn't have taken all those hits of brown acid at Woodstock.

By: govskeptic on 2/24/12 at 7:27

Commodity traders in oil, devalued dollars, and take advantage of any situation
for more oil company profits are all major factors in today's prices! Yesterday's
speech by the President in front of a Univ of Miami group of students was phony
as hell and came only because of criticism aimed directly at his policies over
the last 3 yrs. As he declared to Univision audience on Immigration reform,
"he has 5 more years" to solve that problem and high oil prices as well!

By: Rasputin72 on 2/24/12 at 7:29

Until gas prices hit the $8.00 a gallon mark you are never going to be able to go to Nordstroms without traffic delays.

By: gdiafante on 2/24/12 at 7:39

The President has very little control of global pricing, gov, and he knows it. This is your free market at work, so enjoy it.

By: gdiafante on 2/24/12 at 7:43

Darge, of course that's what they're doing...why wouldn't they? Isn't that the point of business? So now, because speculators are driving up prices, people want the government to mandate who private businesses can sell oil to? And this is coming from Conservatives, too!

By: gdiafante on 2/24/12 at 7:47

If you want to make a dent in speculation, critical energy resources should be off-limits to such activity. If you want to mandate anything, restrict the market with one extra rule: if you are buying stock in oil: you must take physical delivery of the inventory in question. That means: 1) the supply MUST exist 2) you must WANT to use the product itself (not just the stock 3) supply & demand will be properly linked.

By: dargent7 on 2/24/12 at 8:02

Ok, where does it all end?
We bailed out Fannie and Freddie for $183. billion...with a "B".
Solyndra cost us $545 million, with a "M".
War in Iraq/ Afghanistan cost $1.23 trillion ...with a "T".
GM cost us $30. billion.
And we're $16.5 trillion in debt...with a "T".
No point here except what's next? Ship all of our drinking water overseas and we all die from dhydration because Nestle can make a bigger profit?
This voracious appetite for "Capitalism" has to stop at some point, and at the pump is a good start.

By: gdiafante on 2/24/12 at 8:14

We are a debtor nation, darge. That isn't going to change. However, I firmly believe that loosening of certain regulations caused this. This is the same reason that Jefferson and Madison fought Hamilton in the 1790's.

Of course, I think both were right. Hamilton correctly realized that manufacturing and finance went hand in hand and were essential to America's economic success. Jefferson/Madison were correct that if unchecked, human nature would take over and greed/corruption would prevail.

The answer: a well regulated economy. This doesn't mean to issue regulations for the sake of having them, it means having rational ones that benefit society.

Think of it this way, the founders put checks and balances in the Constitution to prevent abuse, given human nature when holding substantial power. This is no different. Without regulations, people/businesses will abuse their power and not for the betterment of society.

Hell, even Milton Friedman acknowledged that government regulation was necessary.

By: BenDover on 2/24/12 at 8:44

The media's laying down a lot of cover fire on this issue for B.O. Scared to let things take their natural course I guess.

By: gdiafante on 2/24/12 at 8:45

Yeah, when in doubt, always blame the media. Hey, it works for Gingrich...

By: BenDover on 2/24/12 at 8:51

I'm just an observer. You'd never see articles like this if the president was a repub.

By: gdiafante on 2/24/12 at 8:54

Really? I specifically remember arguing this same issue in 2008. You must live under one of those ten stones you found.

By: yogiman on 2/24/12 at 8:59

BenDover,

Want to check the "president" out? Go to www.youtube.com/watch?=LPPqiQIeiag&feature=fvsr.

An amazing man.

By: Loner on 2/24/12 at 9:21

Good morning, Nashville.

Once again, the War Super-lobby is calling the shots...the POTUS is impotent. Defense, Israel & Energy constitute this tripartite consortium, a super- lobby whose selfish interests overlap in the ME.

Since the Israelis want Obama out of office, they do not care if the price of US gasoline goes to 10 bucks per gallon or higher...the higher the gas price, the less chance of Obama being re-elected....if the IDF attacks Iran and the US gets sucked into another unpopular holy war for the Jewish State, then Obama may be finished....the dumb ass brought it all upon himself....Netanyahu played him like a grand piano.

Our "closest ally", the Jewish State, is dictating the ME policy...Defense and Energy are enjoying the increased cash flow and the increased power....Israel enjoys watching our "schwartze" president squirm and sweat....with "allies" like that, who needs enemies?

By: BigPapa on 2/24/12 at 9:35

Blaming the President for high gas prices is insane. The problem is that both sides play the game when in reality is just a matter of a happy accident of history. If you are lucky when you are Pres. the cards fall your way.

By: yogiman on 2/24/12 at 9:41

Loner,

Is Alzheimer's catching up with you so soon in your life? Try the puzzle at www.brl.ntt.co.jp/people/hara/fly.swf. If it takes you more than three minutes.... uh oh.

By: brrrrk on 2/24/12 at 10:03

dargent7 said

"If Bill O'Reilley and Lou Dobbs are correct, Exxon-Mobil and Shell, BP are selling OUR refined gas to China for more (record) profits. That may be good Capital;istic business sense, but morally WRONG. 200 million Americans get hurt so these guys can make million dollar bonuses?

Obama better twist some arms, quickly. Gas will hit $4.00 by spring, and they're saying $5.00 by summer. If it goes that hight he should lose the election."

That fact is, the Keystone pipeline is being built (or more accurately extended, because there is already a Keystone pipeline delivering to mid west refineries) for the purpose of delivering tar sands oil to coastal refineries for the sole purpose of creating oil products (gasoline) for export. It has nothing to do with our domestic fuel situation. And to make that point, Rep. Ed Markey introduced an amendment to the transportation bill (that funds the pipeline) that would require that ALL of the oil from the pipeline be used for domestic oil products. It was voted down in the house by a vote of 254 to 173.

"Not surprisingly, the 254 members who voted against the amendment have collected seven times more total campaign cash from oil and gas interests. The 254 members (230 Republicans) took in $37.3 million in career campaign contributions from oil and gas companies and executives. "

By: dargent7 on 2/24/12 at 10:04

"Blame the President..." No? Then drill in Anwar, off-shore, and build the Keystone XL pipeline. We cannot sit by, while Exxon- Valdez makes record profits.

By: gdiafante on 2/24/12 at 10:09

They were making record-profits three months ago, I don't recall any concern about prices then. This smacks of knee-jerk diplomacy.

By: brrrrk on 2/24/12 at 10:15

On top of all the market oil speculation problems you have guys like the Koch brothers who buy up massive amounts of oil only to store it offshore in tankers until the price goes up. It's called “contango” oil market manipulation.

http://thinkprogress.org/economy/2011/04/13/153206/koch-industries-price-gouging/

By: Loner on 2/24/12 at 10:24

Heading out the door now...going to Niagara Falls, Canada for two days and two glorious nights....party on!

By: Ummm... on 2/24/12 at 10:25

Although I support Obama's re-election, my biggest disappointment in his first term is the lack of emphasis on energy. If we were to initiate a modern-day "manhattan project" devoted to the development of a viable alternative to fossil fuels with all the immediacy employed during the original project aimed at ending the second world war, a success would be the key to solving virtually all of our nation's political and economic problems.

By: gdiafante on 2/24/12 at 10:31

Ummm...an energy policy that makes sense for the average consumer is not likely. The oil industry writes our energy policy. And why not, since corporations are now considered people...

By: BenDover on 2/24/12 at 11:13

http://tinyurl.com/obamaEnergyRecord

By: BenDover on 2/24/12 at 11:31

You know... if I had blown $1,000,000,000,000 a year in deficit spending over-trend plus $500,000,000,000 in TARP repayments I think I'd have a little more to show for it. Unfortunately Chicago politics went national with this administration and they have no compunction against stealing our grandchildren's future.

By: yogiman on 2/24/12 at 11:37

Damn... how much is that, BenDover? They didn't have number that big when I was in school.

By: gdiafante on 2/24/12 at 12:31

Womp womp womp...chicago politics...womp womp womp...liberal media bias...womp womp womp

yawn

By: brrrrk on 2/24/12 at 2:48

It's beginning to look like yogi is Mr. Hyde to Ben's Dr. Jekyll...... two sides of that same coin.

By: dargent7 on 2/24/12 at 2:48

gD: Turning the screws on Americans, takes some time. Even these bandits know we're not quite THAT dumb to raise the price over-night. "Just give it some time...".

By: yogiman on 2/24/12 at 5:23

Beauty is in the eyes of the beholder, brrrrk. It's a shame your eyes can only see on one side of your nose.

By: yogiman on 2/24/12 at 5:29

I read where Iraqi terrorist Khay Rahnajet didn't pay enough postage on a letter bomb and it cam back with a "Return to Sender" stamped on it.

He forgot it was a bomb, opened it, and was blown to bits. God has his way, doesn't he?

By: BenDover on 2/25/12 at 7:00

Them is some really big numbers you guys choose to ignore. How do you guys trust, so much, someone who put an additional $4 Trillion bucks on a credit card for our grandkids to have to pay? How do you rationalize going from $400 billion dollar deficits due to the war supplementals to $1.5 Trillion dollar deficits every year as a new normal even as we are winding down the war costs? Why do you give him a pass on blowing $450,000,000,000 in TARP repayments? It would seem we're suffering the acme of delusion in this country... or maybe those numbers are just so big no one can conceive their magnitude.

By: yogiman on 2/25/12 at 11:50

They're big, BenDover,

But these Obama fanatics just haven't been bent over far enough yet to see just how far they have to bend before they fall on their grandchildren's a$$es.

Honestly, though, it isn't just Obama's whole fault. Presidents before he went into the office illegally took us deeper into the ditch.

Comments have been made about Bill Clinton leaving the office with a surplus. Where did that surplus come from? He reduced the military personnel to a point where the National Guard has to go fight on foreign soils to fight for the country instead of defending it in the USA. Their origin was to protect the USA when attacked at home.

By: pswindle on 2/25/12 at 1:48

Geo. Bush is the one that started the credit card debt. Remember, he spend the surplus and started two wards and gave Haliburton enought money to save his pension and to keep it going for many years. Facts are facts.

By: BenDover on 2/25/12 at 5:01

That whole surplus thing is a myth. Income inflation jacked 2 earner households up into the punitive tax rates and about the time families figured out that 60+% of the second income was going to taxes of one form or another it all fell apart.

Absolutely unsustainable and proven by experience. People will spin it whatever way they want though. Actually, back to the original point, the people don't have to spin it; the media does it for them and then the people just soak up the left wing pablum by osmosis as there is so much left-bolstering bullsh*t floating around political entropy takes its course.

By: thinking12 on 2/27/12 at 9:07

This gas price issue serves the same purpose for both sides of this political debate-blame the other guy at all costs!!!
Thereby no issue will fully examined or thoughtfully explored to a resolution. And no matter who is elected in November they can say "it's not my fault."

By: spooky24 on 2/28/12 at 5:00

Ha!! Now we are back to blaming Bush again-please been there done that. I love the way the media can't make this go away. Damn Indian stands by the price sign with his pole-can't wait to up it again.
Yes that will work the Indians that bought all the convenience stores-it's THEIR FAULT!!!

sp

By: parnell3rd on 3/8/12 at 7:56

Sec. of energy Chu "We need to find a way to get gas prices up to Euro levels"
Sen. Obama "Energy prices will have to skyrocket"
These are the people you blindly elected. Oh, they don't really mean that, do they?