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Falling gas prices

Discussion in 'Political Debate & Discussion' started by Crabtownboy, Jun 14, 2012.

  1. Crabtownboy

    Crabtownboy Well-Known Member

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    Several months ago Obama was criticized severely on this BB about rising gas prices. Well, they have fallen dramatically. So, is anyone who blamed him for rising gas prices willing to give him credit for falling gas prices?

     
  2. Salty

    Salty 20,000 Posts Club
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    Falling gas prices must be the fault of Bush!

    Lets get in our time capsule: "When gas prices hit $4 a gallon in 2008, candidate Barack Obama said it was due to previous failed energy policies. Now that prices are heading still higher, President Obama calls it progress"

    I suppose when Obama apologizes to Bush for that '08 comment, then maybe I can....
     
  3. Crabtownboy

    Crabtownboy Well-Known Member

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    I do not know where you live, but gas prices have fallen dramatically here. A month ago I was playing close to $4.00 a gallon. The last time I filled up the tank I paid $3.38.

    So, do you give him any credit?

    I think politicians should stop playing politics about gas prices. None can control them. There are too many outside influences.

    It was not Carter's fault that gas prices sky rocketed. It was not Bush's fault that gas hit $4.00 a gallon. It was not Obama's fault that prices rose, not is it because of him they are now falling .... IMHO.
     
  4. Bro. James

    Bro. James Active Member

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    Blame Game

    We love to play "blame game". This situation is bigger than any one person. El Presidente has no control over the price of crude or opium derivatives--the two commodities which control the world.

    We are under the control of the god of this world--the prince of the power of the air. Who is to blame? Take a good look in a mirror. The devil did not make us narcissistic materialists--our flesh loves it. We have not a clue.

    Even so, come Lord Jesus.

    Peace,

    Bro. James
     
  5. targus

    targus New Member

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    I am aware of all the things that Obama did that caused gas prices to go up...

    What did he do to bring them down?

    Not that I am expecting any kind of an answer. :rolleyes:
     
  6. carpro

    carpro Well-Known Member

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    Sure...

    if you'll tell me what he has done in the last 60 days to accomplish this very temporary miracle.
     
  7. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>

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    Excellent, targus. May I add, it rose $2 a gallon since team zero took the reigns.
     
  8. webdog

    webdog Active Member

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    Mine fell from 3.52 to 3.79 this week. Myth busted...
     
  9. InTheLight

    InTheLight Well-Known Member

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    Friend of mine was traveling through North Carolina on June 2nd and bought gas. Here's what he paid:

    [​IMG]
     
    #9 InTheLight, Jun 14, 2012
    Last edited by a moderator: Jun 14, 2012
  10. InTheLight

    InTheLight Well-Known Member

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    Since I don't blame him for rising gas prices, I don't credit him for the (temporary) decline in gas prices.

    The thing about gas prices that bothers me is that the cost to extract a barrel of oil from the ground is about the same cost as it was 20-30 years ago, about $10.00 a barrel. Refining costs have increased because more refineries needed to be built, but there is no shortage of oil (and by extension gasoline.) True, demand is ever increasing but supply (so far) has always kept up. The reality is we should be paying less than $2.00 a gallon for gas. This is where gas was Thanksgiving weekend, 2008.
     
  11. Crabtownboy

    Crabtownboy Well-Known Member

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    Y'all ever thought about it that oil companies do not want cheap oil and especially to sell cheap gas. Maybe they are not drilling to their capacity.

    Drilling more does not mean gas will be less expensive. History has shown this to be true. Drilling is up 15% the last three years ... but much of the increased production has been shipped overseas ... high profits you know and higher profits make Republican hearts happy. Right?

     
  12. InTheLight

    InTheLight Well-Known Member

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    Much of the increased production has been shipped overseas because that is where the higher demand is for gasoline. Oil is a worldwide commodity. Just because it is drilled in the U.S. does not necessarily mean that oil producers sell it for less money to U.S. refineries.

    Higher profits make all business owners happy, Dems and Repubs.
     
  13. billwald

    billwald New Member

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    If the gas/oil supply production has or will soon peak then seems to me it should be come more valuable as the supply drops but if the gas companies know that gas/oil is abiotic then they should sell all they can pump. Somehow, the idea that oil two miles down comes from dead dinosaurs doesn't compute.
     
  14. Crabtownboy

    Crabtownboy Well-Known Member

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    What you conveniently fail to mention is that gas rose from $1.86 to $4.12, national average, under Bush.
     
  15. targus

    targus New Member

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    Gas prices under Bush is off topic.

    What has Obama done that merits credit for lower gas prices?
     
  16. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>

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    What was it when he left ? Or will you conveniently leave that out ? Also, conveniently, ignore the entire administration, and focus on one month of it. Ignore that prices have skyrocketed, and remained there.
     
  17. InTheLight

    InTheLight Well-Known Member

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    Gas was above $4.00 a gallon for about 2 weeks in the summer of 2008. By November 2008, the price of gas was below $2.00 a gallon. For the most part under Bush, gas was in the mid $2.00 range.

    When Obama took office gas was under $2.00 a gallon. The average price of gas in 2011 was $3.64. It's about the same so far in 2012. The average gas price under Obama is about a dollar higher than it was under Bush.

    That said, it's really not up to the President to be able to influence gas prices, the market place does that.
     
  18. Crabtownboy

    Crabtownboy Well-Known Member

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    From August 2007 until June 2008 gas prices steadily rose in price. As I have said we cannot blame Bush as with all rises and falls in gasoline prices there are numerous circumstances beyond the control of the president, any president.

    From June 2008 until December 2008 prices fell dramatically. No credit to Bush for the reason stated above. In December prices began to rise, no blame to Bush for the reason given above. The rising price continued until about April 2011. They fell until December 2011 and then rose again, reaching a peak in late March 2012. Since March prices have fallen.

    Obama gets no credit for the fall nor blame for the rise for the reason stated above.

    The topic of the OP was the recent falling gas prices. You wanted to detail the thread. What is your comment on the falling prices?

    IntheLight is correct in his statement.
     
  19. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>

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    Derail the thread ? You brought up Bush. Why are you so dishonest ?
     
  20. Crabtownboy

    Crabtownboy Well-Known Member

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    No, you attempted and succeeded for a bit in derailing the topic by bringing up rising prices. The OP ask that you discuss falling prices. You have not done so.

    So ............... why are you so dishonest?:tongue3: What about the falling gas prices?
     
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