yikes....come election time, if the best republicans have on Obama is that price of gas is too high (other than the fact that he's a socialist fascist muslim born in Kenya)....he's gonna win again...
Barry keeps saying drilling is not going to work...the answer is proper tires pressure and pond scum.
They get that the people they're speaking to don't know or don't care how the price of oil is set. As far as they're concerned, more oil = cheaper gas. If the price of gas is high, it must mean that the US under Obama isn't producing enough oil and we must drill baby, drill. It's a much simpler concept to understand than the way oil is actually priced which is something I've taken the time to research and still am not even 100% clear on.
as he, and his energy secretary have both said, they'd like to get gas prices up to the levels they pay in europe, to force alternative fuels/vehicles on the US.
Don't feel bad because you can't understand that more drilling doesn't mean cheaper gas. More oil production doesn't mean cheaper gas either. It's crazy how much you get things wrong on this board.
Obviously not, since we have more oil production during the Obama administration, and oil production was down during the Bush administration. Thanks for confirming your ignorance of the situation.
Did you take Supply+Demand 102 and take financial speculation into account? http://www.forbes.com/sites/robertl...-ceo-says-oil-price-should-be-60-70-a-barrel/
More EXCUSES from Obama and the Chicago machine How about some accountability from our "leader"? pathetic if you deny that more supply will not lower prices, then you need to educate yourself
Then explain why we have more oil production under Obama and Oil production dipped and decreased under Bush, but the price of gasoline is higher now. Oh that's right you can't.
Before you ask me to do that, you need to explain to me the picture of worldwide supply, worldwide demand, and the impact of Obama's pitiful handling of Israel and Iran into your analysis. Then you can have the benefit of my reply. Until then, though, the burden falls on your shoulders.
Ceteris paribus, yes, but we don't live in a ceteris paribus world. What is the point of causing environmental ruin to marginally increase supply, if that price-offsetting effect is destroyed by the folly of speculators brought forth by warmongering about Iran, or itchy machines, or loose liquidity? You're right though, Obama should be more accountable. He should be ramming through more regulations for the CFTC. It is disgusting how the "13 bankers" are once again holding this economy hostage.
You're a finance major (my best assumption) from a mid-tier university. I don't think that qualifies you to swing your dick about your macroeconomic knowledge to the extent that you have, to be bluntly honest.
so oil production such as more drilling in the US alone won't make gasoline cheaper based on other factors. Thank you for coming clean.
lol you're still trying? more drilling in the US helps to lower gasoline prices, yes. There are additional factors, but it's hard to deny that more production coming from the US will serve to lower the price of gasoline. How can you not see that? You're missing the very basics.
