Obama’s Lack of Solutions on Gas Prices
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On today’s edition of Coffee and Markets, we’ll discuss what’s driving gas prices and other environmental issues with James Taylor of the Heartland Institute.
We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.
Related Links:
James Taylor at Forbes
Bloomberg: Consumer Comfort Declines as Gas Prices Rise
WSJ: In Washington, Oil CEOs on the Hot Seat
Environment and Climate News
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45 Comments
Three years ago Obama was for higher gas prices. He said so. He doesn’t see that there is a need to ‘fix’ anything.
http://www.youtube.com/watch?v=t4Tmi_fpUHs
Unless of course, his re-election turns into a desperate situation.
Only in Obamaland can hindering and criminlaizing exploration lead to lower prices. Only the sheep, or "Obamatrons" believe this drivel.
Two words for Obama and his cult: ONE TERM!
Obama's lack of solutions on Gas Prices …Ha. How about "Lack of Solutions" PERIOD.
The O has yet to solve ANY Problem for the Law-Abiding American Peeps.
obama will do something when the left and MSM start to drill his A$$…
Even lefties like there money…
The gov't could remove it's gas tax if they want prices to drop. After all, the gov't makes almost as much as the oil companies without paying for research, overhead, risk, etc. It's pure cash grabbing in its rawest form.
Here's the solution, Obama: GET THE HELL OUT OF THE WAY!
When community organizing solutions are NOT required. Hence he has no experience.
The dreaded "Agenda 21" has always been optional to member states. A goal or measuring stick. The UN is not seizing private property.
The La Hood quote is taken out of context (there's a shocker). He was talking about manufacturing defects and had nothing to do with gas prices.
What is a speculator?
"The federal government profits approximately .59 cents per gallon through gasoline taxes, 7 ½ times or 750% that of the oil producers themselves and 20% of the price at the pumps.
If oil companies cut their profit margins by 50%, it would drop the price of a gallon of gas by only .04 cents per gallon. If Washington law makers cut their take by 50%, gasoline would cost .30 cents per gallon less."
- http://jb-williams.com/4-25-06.htm
Wrong. He has 2 1/2 years of OJT in the only place you can get experience for this job. He is the most qualified person in the world with the exception of maybe GWB and Clinton. But they are term limited. The other two guys with relevant experience are well into their 80s and not fit to command.
And once again, a useful idiot reveals his ignorance for all the world to see. How, exactly, do you propose "fixing" the COMEX market, tapeworm? More executive orders from Der Fuhrer in the Oval Office, perhaps? More czars? Another bureaucracy or dozen?
I know! $oro$owebama will fall back on that tried-and-true favorite of oligarchical collectivists throughout history: confiscation! It was such a smashing success when the Marxist in Chief confiscated the Chrysler bondholders' wealth while handing the company to a foreign competitor, wasn't it? I'm sure those retired teachers and cops in Indiana just loved looking on while the Lightbringer looted their pension funds for the benefit of worthless slobs whose slovenly "work" habits wrecked Chrysler in the first place. Such "hope!" and "change!"
I hope you read that. That is how markets work. There is simply no guarantees in life. With exception you and I will die sooner or later. That is a certainty for all of us.
What ‘comprehensive energy policy' is this? You have details or is it just a three word phrase you threw out?
I have a solution. If you do not learn or study what you are doing before you do it. Do not get involved. When you walk across the street there is a risk you might get hit by a car. Will that stop you from crossing any street?
Sadly, there is no evidence that any tax is used for anything good. Besides, I highly doubt the gas tax even goes to the roads at all. Actually, if we just drop our current tax system and move to a fair tax, then that will still provide enough revenue for roads, fire, police, and other public jobs and duties.
History does not serve you well here. Dems have been the biggest obstacle to nuclear energy in the US. Obamugabe doesn't want US energy to come from domestic sources as his actions have shown us time and time again. green tech = s***, and cannot generate the energy required to provide our current lifestyle. Obamugabe has already said he will put the coal industry out of business. So what exactly is the democrat energy solution? make it so that there is no profit except that which the gov't takes? How long do you think oil copmpanies will keep operating at that point?
Specualtors are part of the issue, but that is not the answer to long term energy solutions.
Hussein Obama is implementing his solution. The final solution to America. The fundamental transformation of America into a turd-world nation.
He wants America to collapse ala Cloward/Piven with a boost from Satanic Verses, Saul Alinsky, Obama's spiritual guru, and others in that same area of death.
Obama hates America and wants it to suffer. Obama loves Satan and hates Jesus and Christians but pretends otherwise.
http://www.crisisbydesign.com/blog/global-warming...
When a forth of our gasoline money goes to pipe dreams, and fairy tale green energy. That is where the waste is.
Hasn't anyone figured out by now, Obama don't care about the rising price of gasoline. He would prefer it go as high as Europe so that people would turn to mass transportation and green solutions.
Obama's ultimate plan is for all of us to trade in our cars for solar-powered golf carts
check out your 'member states' sometime, slick- you will see a goodly portion of the United States has signed on to this- surreptitiously- by Progressive plants on local county boards. Plus LaHood meant exactly what he said- it wasn't just gas prices but the whole cost of ownership.
You can come here and be a water carrier for the Obama administration- that is your right. But if you seriously believe your own nonsense then you are delusional. Remember the words of your master: 'Under my plan for (cap and trade) energy costs must necessarily skyrocket'.
Spin THAT one…
Even if every penny of the federal gas tax went to green energy it would still equal less than 5%. It's pretty safe to say this tax is not used exclusively for green energy.
Speculation in the futures market can add 5 % to our gas bill on a good afternoon.
You must realize this as well. Commodities are priced in dollars. As the dollar goes down in value, the price of commodities rise. This is basic economics. Study the relationship. You will see they move in tandem.
Obama has the only current solution to this problem. He can allow more drilling, exporation here, ie. Anwar, shale gas extraction, etc. The very announcement that we were going to start seeking more development of our own sources, would take the speculators out of the equation. He has the power the change this, but this does not fit his agenda. I would not be surprised if he tries some lame solution close to election by tapping the national stratigic reserve but it won't work. We will get rid of this joker in 2012. The only question is; how much damage will be done before he is gone?
Where do all the speculators go when gas prices have gone down? Do they all go on vacation?
I see you are an obama A$$ kisser…
So, tell me: What about Obama's prohibiting nearly all oil drilling in the United States is a "solution" to our rising gas prices?
Obama can fix this overnight by rescinding all the moratoria and selling those leases. Yet he instead insists we get our oil elsewhere. Why is that?
Energy speculators are what makes energy production possible. If no one wants to take a risk, then no one will produce anything.
Those same speculators exist all over Wall Street, in all industries.
Geez, take Econ 101.
As long as ALL the Beltway Boys trade in their vehicles for solar-powered golf carts, then I'm all for it.
But, pigs with tutus will fly upside down before the Ruling Class does anything they're telling US to do.
Quantitative Easing Explained: This is why the value of the dollar will continue to cost you and me more for everything.
http://www.youtube.com/watch?v=PTUY16CkS-k
Pigs with tutus flying upside down????
HIgh gas prices, high food prices. Lose your job, lose your home. The government comes in and buys up the property dirt cheap and then passes a law prohibiting you from owning land. Meanwhile, they're selling off large tracks of land dirt cheap to their friends while forcing you into a high-rise condo next door to a slum. Now the high speed rail makes sense. They're raking in the dough while you're living in a Moscow apartment block reminiscent of the Soviet era. Think it can't happen?
Oh, by the way, the land that's being confiscated by the government contains untapped oil, shale and coal. Would bring in a pretty penny for those lucky enough to be in the know. Don't ever think they have your best interests at heart. The only interests – and wallets – they care about are their own. Your welfare is a cheap excuse to pull the wool over your eyes.
My cat shared his 'nip with me. Bad batch, I think.
Whatever you say.
Tee hee!
There are a wealth of TV and radio commercials the Republicans can produce for the next election based soley on Obama's quotes, ie, under his energy plan, prices would necessarily skyrocket (he did that); he would put the coal industry out of business (he's doing that). Then list the hundreds of thousands of jobs that have been lost as a result of his ideology. Personally, I think he's got deals going with foreign entities in exchange for something – reelection money? A nice offshore retirement fund? Chairman of a New World Order? I don't think he cares one white about this country other than how he can reduce it to a banana republic and enrich or promote himself in some way in the process.
I also think he may be heavily invested in "green" solutions himself.
What are you talking about? He has solutions; Create massive unrest throughout the oil producing countries of the world. Remove oil company subsidies. Add a surcharge tax to oil companies. Greatly restrict US oil production. Ship the oil we do produce to Russia and China. Sounds to me like he is doing everything he possibly can to bring down prices at the pump. You heard the Man. If your suv gets like 8 miles to the gallon maybe it's time to cancel that trip to Vegas..err… trade. What more do you people want him to do? If you honestly believe that these things won't bring down prices then you are obviously a racist.
Barack Obama is going to lay out his “new middle east strategy” in 1 or 2 weeks. Yet another scam to be played on the American people.
http://www.haaretz.com/news/diplomacy-defense/oba...
Barack Obama is going to lay out his “new middle east strategy” in 1 or 2 weeks. Yet another scam to be played on the American people.
http://www.haaretz.com/news/diplomacy-defense/oba...
Barack Obama is going to lay out his “new middle east strategy” in 1 or 2 weeks. Yet another scam to be played on the American people.
http://www.haaretz.com/news/diplomacy-defense/oba...
The solution is not not a solution for the working people.
Cause as much pain as you can on the working class while taking care of your base.
Nobama has mastered this game – he will never a solution to the gas problem – but that is a solution to his bigger plan – keep pushing the liberal agenda
Obama's INTENTIONAL lack of solutions to everything…collapse…the Whitehouse is now Obama's Saudi Annex and a progressive whorehouse under Michelle…criminals…that are not above consequences…karmaic tsunami building…ain't gonna be pretty for the OBamas….like a nuclear enema of enlightenment well deserved…
An October, 2005 Tax Foundation analysis, “State and Federal Treasuries 'Profit' More from Gasoline Sales than U.S. Oil Industry,” reported: “Federal and state taxes on gasoline production and imports have been climbing steadily since the late 1970s and now total roughly $58.4 billion. Due in part to substantial hikes in the federal gasoline excise tax in 1983, 1990, and 1993, annual tax revenues have continued to grow. Since 1977, governments collected more than $1.34 trillion, after adjusting for inflation, in gasoline tax revenues — more than twice the amount of domestic profits earned by major U.S. oil companies during the same period.”
Read more: http://newsbusters.org/node/5120#ixzz1MFEaHdwi
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