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Old 04-25-2011, 07:30 PM  
petegz28 petegz28 is offline
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Gas Prices Top $1-a-Gallon Higher than Year Ago; Media Don't Blame Obama

Networks have refused to connect administration to steadily rising gas prices.
By Julia A. SeymourMonday, April 25, 2011 10:24 AM EDT



The average price for a gallon of unleaded gasoline hit $3.86 on April 25, more than $1-a-gallon higher than a year earlier and less than 25 cents away from the record high price of gasoline set in July 2008.



In fact, per gallon prices are more than $2 higher than when Obama took office Jan. 20, 2009. Yet the president has been nearly exempt from criticism on the issue of rising prices, despite a six-month drilling moratorium and more regulatory hurdles for industry.



The Business & Media Institute found that out of the 280 oil price stories the network evening shows have aired since the 2010 Deepwater Horizon oil spill, only 1 percent (3 stories) mentioned Obama's drilling ban or other anti-oil actions in connection with gasoline prices.



Instead of asking whether Obama's anti-oil policies could be increasing the cost of gas, the networks blamed other factors such as Mideast turmoil or the "money game" played by speculators. Certainly, the turmoil in Libya, Egypt and surrounding nations has increased worries about oil production and can influence the price. But the networks also should have looked for explanations much closer to home, like Obama's many regulatory actions taken against the oil industry.



First there was the drilling ban, which was later overturned by federal courts as illegal. Seahawk Drilling, a Texas-based shallow-water drilling company cited that moratorium as the cause of its bankruptcy filing saying, they "have been adversely affected by the dramatic slowdown in the issuing of shallow-water permits in the U.S. Gulf of Mexico following the Macondo well blowout."



According to The Heritage Foundation, the Obama administration moved on to a de facto moratorium after the ban was overturned. Add to that the EPA's desire to regulate the industry's greenhouse gas emissions and new environmental regulatory hurdles for the Keystone XL pipeline, which would transport crude from Canada to the U.S. and create many American jobs.



Despite all of these actions on the part of the Obama administration, ABC, CBS and NBC evening news shows have barely mentioned them in stories about rising gas prices.



http://www.mrc.org/bmi/articles/2011...ame_Obama.html
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Old 04-25-2011, 07:33 PM   #2
petegz28 petegz28 is offline
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Now remember just a few short years ago Obama and his ilk were all out blaming the "oil men" (Bush & Cheney) for high gas and oil prices and screaming for a "windfall profits tax" on the oil companies.

Suddenly the same people are quiet as can be.
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Old 04-25-2011, 07:35 PM   #3
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Are there any estimates of the impact of the gulf drilling moratorium on global oil prices?
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Old 04-25-2011, 07:38 PM   #4
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Ohhhh is Bush not still in office? i couldn't tell.

Top Recipient of Political Cash from BP, Goldman Sachs, Defense Contractors AND Healthcare Giants: Barack Obama


Preface: The story that Obama was the top recipient of political contributions from BP is going viral today. I thought I’d put the story in a little context.

As a side note, I voted for Obama and had high hopes for him … until he appointed Summers, Geithner, various Bush re-treads and industry shills, and then showed that he would play footsie with the big boys instead of the American people.

Politico reports:

BP and its employees have given more than $3.5 million to federal candidates over the past 20 years, with the largest chunk of their money going to Obama, according to the Center for Responsive Politics.

Obama apparently also got more contributions from Exxon and Chevron than McCain.

And Obama had the most political contributions from Goldman Sachs in 2008 of all senators. And Goldman gave more to Obama than any other presidential candidate, and was Obama's second-largest contributor.

In addition, Obama was the top congressional recipient of defense industry contributions for the 2008 election cycle. See this, this and this.
Obama was also the top recipient of money from the healthcare giants in the presidential election.

http://www.washingtonsblog.com/2010/...h-from-bp.html
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Old 04-25-2011, 07:39 PM   #5
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That damn George Bush! What I do find amusing is the response now is " the president has nothing to do with gas prices" The people saying that sure thought he did before their guy got the job~
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Old 04-25-2011, 07:40 PM   #6
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Originally Posted by Forward Dante View Post
Are there any estimates of the impact of the gulf drilling moratorium on global oil prices?
Hmm, I'm still waiting for some proof Bush and Cheney jacked up oil prices on purpose.
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Old 04-25-2011, 07:42 PM   #7
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Originally Posted by petegz28 View Post
Hmm, I'm still waiting for some proof Bush and Cheney jacked up oil prices on purpose.
Well they didn't and only an idiot would think that they could, but I don't see what that has to do with my question.
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Old 04-25-2011, 07:44 PM   #8
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Well they didn't and only an idiot would think that they could, but I don't see what that has to do with my question.
Well, I am glad we can agree that we have an idiot for President. Have there been estimates? Don't know. Is it logical to think this has some sort of impact on oil prices as well as jobs? Yes.
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Old 04-25-2011, 07:48 PM   #9
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Originally Posted by petegz28 View Post
Well, I am glad we can agree that we have an idiot for President. Have there been estimates? Don't know. Is it logical to think this has some sort of impact on oil prices as well as jobs? Yes.
When did Obama say that?
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Old 04-25-2011, 07:49 PM   #10
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Doesn't the weak dollar have a direct impact on the price of gas?? If the Dollar is worth more then it currently is to it's competitors around the globe then that $1 dollar can buy more things (ie: gas, food, whatever)

If the fed keeps printing money and the Government doesn't want to really cut back on it's debt then the dollar becomes more useless compared to other currencies. No one wants to use it and everyone wants to get rid of it driving the price of the dollar lower.

Supply and demand. The Supply is high due to the fed printing it and the demand is low cause no one trusts it so to get someone to "buy your product" you have to offer it cheaper. In this sense as a consumer you have to spend more of your dollar bills then before on items.

Isn't this called inflation? I am really needing to look up this stuff since it has been so long having to deal with it.
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Old 04-25-2011, 07:51 PM   #11
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Quote:
Originally Posted by Forward Dante View Post
When did Obama say that?
this was just too easy of a google search...


Quote:
WASHINGTON - Democratic presidential candidate Barack Obama yesterday blamed "irresponsible decisions" by the Bush administration and Wall Street for the country's economic woes as government officials said the budget deficit would soar to record heights next year.
http://articles.boston.com/2008-07-2...-economic-woes
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Old 04-25-2011, 07:52 PM   #12
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Originally Posted by Barret View Post
Doesn't the weak dollar have a direct impact on the price of gas?? If the Dollar is worth more then it currently is to it's competitors around the globe then that $1 dollar can buy more things (ie: gas, food, whatever)

If the fed keeps printing money and the Government doesn't want to really cut back on it's debt then the dollar becomes more useless compared to other currencies. No one wants to use it and everyone wants to get rid of it driving the price of the dollar lower.

Supply and demand. The Supply is high due to the fed printing it and the demand is low cause no one trusts it so to get someone to "buy your product" you have to offer it cheaper. In this sense as a consumer you have to spend more of your dollar bills then before on items.

Isn't this called inflation? I am really needing to look up this stuff since it has been so long having to deal with it.
Yes. In fact I heard an analyst last week say that $10-$15 of the current price is directly related to the weak $.
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Old 04-25-2011, 07:54 PM   #13
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Originally Posted by petegz28 View Post
this was just too easy of a google search...




http://articles.boston.com/2008-07-2...-economic-woes
Thats an article where Obama blamed Bush's policies in part for the recession, he himself doesn't mention gas prices, and he definitely doesn't say "Bush and Cheney jacked up oil prices on purpose."
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Old 04-25-2011, 07:55 PM   #14
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Quote:
Originally Posted by Forward Dante View Post
When did Obama say that?
Quote:
Flashback, Obama 2008: Blames Bush and Cheney for High Oil Prices, Promises Change
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Old 04-25-2011, 07:57 PM   #15
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So where is the Windfalls Proft Tax to redistribute to the poor?
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