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Old 02-29-2012, 05:54 PM  
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Rising Energy Costs

As gas prices rise impacting every area of our existence and the prices of all consumer goods Energy Secretary Chu doesn't even feign crocodile tears as seen in this report from: http://news.yahoo.com/energy-secreta...193900713.html
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COMMENTARY | President Barack Obama's Secretary of Energy Stephen Chu uttered the kind of Washington gaffe that consists of telling the truth when inconvenient. According to Politico, Chu admitted to a House committee that the administration is not interested in lowering gas prices.

Chu, along with the Obama administration, regards the spike in gas prices as a feature rather than a bug. High gas prices provide an incentive for alternate energy technology, a priority for the White House, and a decrease in reliance on oil for energy.

The Heritage Foundation points out that hammering the American consumer with high gas prices to make electric and hybrid cars more appealing is consistent with Obama administration policy and Chu's philosophy. That explains the refusal to allow the building of the Keystone XL pipeline and to allow drilling in wide areas of the U.S. and offshore areas.

The consequences of the policy are not likely to be of benefit to the Obama administration. The Republican National Committee has already issued a video highlighting the spike in gas prices and the failure of the administration to address the issue.

Presidential candidate Newt Gingrich has issued a half-hour video touting an energy plan he claims would result in $2.50 a gallon gasoline. The plan is based on unfettered drilling for oil and gas instead of a reliance on green energy. Gingrich has also savaged Obama's touting of algae based biofuel as "weird."

Chu has likely highlighted an issue Republicans are going to pick up and run with. Americans are not going to be appreciative of schemes to hit them in the wallet so the American economy can shift to green energy. Besides American traditional adherence to the free market, the idea of being fleeced by a deliberate government policy is likely to be greeted with anger.

Add into the mix green energy fiascos like Solyndra, and Chu might well have kindled a full blown scandal.

How the Obama administration reacts to the expected firestorm is open to question. Green energy is as part of its fundamental religion as is universal health care, another unpopular Obama policy. If it tries to bull ahead, the electorate will likely punish Obama and the Democrats. If it tries to backtrack, Obama looks weak and facilitating, and likely will still not appease gas strapped Americans experiencing price shock at the gas pump.
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Old 03-01-2012, 06:27 PM  
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if you look at it in a short sighted way I can see how you would believe that. gas prices are high because of world events, even if we dismantled the epa and drilled everywhere the gas price drop would be marginal at best since it is a world product but it does make for great political positioning.............
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Old 03-01-2012, 07:06 PM  
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Quote:
Originally Posted by Eddie_T View Post
As gas prices rise impacting every area of our existence and the prices of all consumer goods Energy Secretary Chu doesn't even feign crocodile tears as seen in this report from: http://news.yahoo.com/energy-secreta...193900713.html
So when they were high under bush, that was a liberal conspiracy as well?

The conservative claims that Obama has been reducing domestic oil production are bull****. While the price at the pump is due primarily to the volatility of foreign oil, US dependence on foreign oil is currently at its lowest point in 16 years, and domestic oil production is at its highest in 8 years.

Gingrich's claims are especially galling, as he suggests that doing exactly what Obama is actually doing should have gasoline prices down around $2.50/gallon. Gas prices don't magically drop because you think they should, Newt.
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Old 03-02-2012, 09:38 AM  
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Gas prices are high because of futures trading and speculation but the Obama administration likes it.
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Old 03-02-2012, 03:05 PM  
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Originally Posted by Eddie_T View Post
Gas prices are high because of futures trading and speculation but the Obama administration likes it.
So... You're asking for more regulations on futures trading?
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Old 03-03-2012, 12:18 PM  
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Originally Posted by rivalarrival View Post
So... You're asking for more regulations on futures trading?
Whatever gave you that idea? My point is that the Obama administration loves high gas prices as it fits its agenda.
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Old 03-03-2012, 03:07 PM  
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Quote:
Originally Posted by Eddie_T View Post
Gas prices are high because of futures trading and speculation but the Obama administration likes it.
Quote:
Originally Posted by Eddie_T View Post
Whatever gave you that idea? My point is that the Obama administration loves high gas prices as it fits its agenda.
even though one word of this will not sink in to you......

however most experts/analysts say obama has very little to do with the price of gas, so yeah, your agenda is false. you can argue about american jobs not drilling oil, but at the end the price of oil dictates oil drilling worldwide.

futures have little to with the long term price, without futures the price would likely be more erratic, not less, leading to larger booms and severe busts, futures can help even this out.

a lot of it has to do with quantitative easing and inflation that resulted from that, as well the potential situation in Iran.

If ANY presidential candidate tells you that can achieve $x.xx price at the pump, they are full of it
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Old 03-03-2012, 04:05 PM  
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Maybe this
Quote:
Chu, along with the Obama administration, regards the spike in gas prices as a feature rather than a bug. High gas prices provide an incentive for alternate energy technology, a priority for the White House, and a decrease in reliance on oil for energy.
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