Remember failed energy policies and $10 a gallon gas?

obervantone Thu Dec 18, 2014 12:47 am

Contrary to popular conservative belief, gas prices are not falling because of fracking in Montana and Wyoming. Economic slowdowns in Europe and Asia, fuel efficient vehicles, and plunging crude oil prices are all the contributing factors to the falling prices we have been blessed with.

Something to look forward: there are people forecasting that the price of crude oil could fall to nearly $40 a barrel in 2015, which would make gas for under $2 a gallon common at stations across the country, instead of rare.

With all this good news, I can only give credit where it is due. Thanks Obama! Remember when Mitt Romney said that President Obama is responsible for the high gas prices and holds him responsible for “failed energy policies?” Well, I can only assume that now that prices are low, he is to thank! Romney said that we would not have the energy that we need, and would strain the economy. I think $2 gas says otherwise.

Remember when Newt Gingrich said Obama would oversee gas prices skyrocketing to $10 a gallon? Well, I guess we all know that isn’t going to happen. Gingrich called himself the “$2.50 gas president.”

“If you would like to have a national American energy policy, never again bow to a Saudi king and pay $2.50 a gallon, Newt Gingrich will be your candidate,” he said to cheers. “If you want $10 a gallon gasoline, an anti-energy secretary, and in weakness requiring us to depend on foreigners for our energy, Barack Obama should be your candidate.”

Gingrich called himself the “$2.50 gas president.” Well actually, as we are seeing in America today, that is President Obama.
-addictinginfo.org

News Hawk Thu Dec 18, 2014 5:51 am

Michelle Bachman is a Conservative, and said, "We'd see $2 a gallon gas".

Did anyone see this coming, even when we were told that the US would become an oil-exporter? Credit should go to Saudi Arabia, who started dropping the price of oil, and OPEC fell in line.

On the world stage, I don't see this as a benefit, as the three big losers Venezuela, Brazil, and Russia can start a war, as every war can be financed.

Suspect

Outerlimits Thu Dec 18, 2014 10:10 am

[quote="obervantone"]

...With all this good news, I can only give credit where it is due. Thanks Obama! Remember when Mitt Romney said that President Obama is responsible for the high gas prices and holds him responsible for “failed energy policies?” Well, I can only assume that now that prices are low, he is to thank! Romney said that we would not have the energy that we need, and would strain the economy. I think $2 gas says otherwise.

How did Obama lower the price? Is he out drilling oil personally to create a supply surplus?

What laws or EOs did he pass to lower gas prices?

In reality Obama does not have much control over oil/gas prices, but he can do things to help or hurt. Obama is on record and video claiming he wanted higher oil/gas prices that would be necessary to break American consumer’s dependence on oil. In his theory only then would Americans turn to alternative forms of energy. So while he was not directly responsible for prices being as high as they have been all these years, he worked against the oil industry in favor of "alternative energy" based on his ideology.

The right was for increased oil production, the left was for renewable energy. Oil has proven to be the king today and better gas mileage, smaller cars, higher oil production should help our economy to move freight and bring costs down on food, products across the board.

Make no mistake; we have lower gas prices today because ether is more oil than global demand.

Henry Ford did not have to lobby for higher taxes on horses, or artificially raise the price of feed to get people to buy his automobiles. He just needed to find a way to make his cars affordable to average Americans. When renewable can compete with fossil fuels, change will come, it can’t be mandated without catastrophic results.

We have lower gas prices today despite Obama’s best efforts. They are lower because he failed.

obervantone Thu Dec 18, 2014 11:01 am

OL
How did Obama lower the price? Is he out drilling oil personally to create a supply surplus?

That is the point of this post. Obama did not lower gasoline/oil prices, he is also not to blame, as conservative republicans have claimed, when prices were high.

Outerlimits Thu Dec 18, 2014 12:15 pm

obervantone wrote:That is the point of this post. Obama did not lower gasoline/oil prices, he is also not to blame, as conservative republicans have claimed, when prices were high.

Typically, causal link between the presidency and a global commodity price is tenuous at best, but in this instance it’s pretty clear the Obama administration is at least partially to blame for higher prices.

In a global economic downturn, the price of energy drops as the demand drops. It did not happen this time, and that is part of the reason the recovery is the slowest in our history.

The government must maintain an economic environment that promotes growth. This administration has created an unstable economic environment filled with uncertainty. In addition, this administration has been actively attacking and vilifying energy producers for 6 years.

Obama and Energy Secretary Steven Chu have gone on record in support of higher energy prices as a means to promote “green” technology by making it more economically viable. Just look at the failed “cap and trade” legislation.

The result of Obama’s actions was less production, higher costs for producers, and more expensive energy consumers. The Obama administration has been “aggressively suppressing” the utilization of fossil fuels. They have limited the domestic production of oil by restricting access to resources located along the outer continental shelf. The Obama administration targeted independent energy producers for environmental concerns not related to their operations.

Obama proposedl to increase taxes on the energy industry (and transfer some of the money to “green” energy) . The proposal alone severely impacted the independent operators responsible for 95 percent of domestic oil and gas production.

So yes Obama is at least partially to blame for higher energy prices.

obervantone Thu Dec 18, 2014 12:29 pm

Except that exploration for offshore oil along the east coast was reopened in July meaning that oil companies can look for oil deposits and apply for the drilling rights when the current congressional ban ends in 2018. The ban on drilling off the Atlantic coast was put into place in the 1980's...I'm pretty sure that pre-dates President Obama.
http://www.newsmax.com/Newsfront/Obama-offshore-drilling-Eastern-Seaboard/2014/07/19/id/583655/

News Hawk Thu Dec 18, 2014 7:14 pm

Obama released some oil from the "US' Strategic Petroleum Reserve" back in March.
http://www.reuters.com/article/2014/03/12/us-usa-energy-reserves-idUSBREA2B12V20140312

I don't know who provided the orders, but a release could have produced the response—if that was the response desired.

scratch

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