President Obama discusses the problem of rising gasoline prices with workers at Gamesa, the wind turbine manufacturer in Falls Township, Bucks County Wednesday.
As for the arguement that Obama wants oil prices to increase...pure nonsense as nothing hits the average Americans budget harder and faster than rising gas prices and it does serious damage to any presidents approval numbers. Oil speculation should be banned [ and Harry Reid wants this investigated asap] and Big Oil companies, who record record profits when the price goes up, should no longer get tax payer subsidies and be taxed at a higher rate, the revenues going directly to consumers.
Oil production has increased since Obama took office and oil consumption in the US has dropped as well, which puts the lie to the internal supply and demand arguement. Oil specualtors [ super rich hedge fund types] increase the cost of a gallon of gas by 10 percent, which right now amounts to appx 40 cents a gallon. And by putting too much pressure on Iran, as The Republicans want to do, we are risking oil prices well over 8.00 a gallon.
Gas/Oil is FINITE. That means it is RUNNING OUT. We in the USA are using ONE FOURTH of it, and we have 2% of the population. How stupid/wasteful/gluttonous can we be? The lower the price, the quicker we waste it all, till the IS NO OIL LEFT.
When GWB was President, gas prices were high because "he was taking care of his friends in the oil business." Prices are now higher than they were - what's BarackO's excuse?
His logic is sooooo flawed? He is totally oblivious to economic fundamental principles.
Don't blame big oil blame the man speaking. This asshole won't drill here stopped all off shore drilling and stop the extra 700,000 barrels a day were suppose to get. He is doing this on purpose to kill the economy more government control less liberty and freedom. Don't listen to the media they love the Obama Dick. Can't blame Bush now... But we know he will God I hope he is a one term.
Come on, higher prices for gasoline is exactly what Obama wants. All his buds are highly invested in alt energy products. He's an elitist to the bone. We should all be driving chevy aveo,s... Only when we have to and otherwise be walking wherever we go. Voted for him once.. Won't make the same mistake again!
As for the arguement that Obama wants oil prices to increase...pure nonsense as nothing hits the average Americans budget harder and faster than rising gas prices and it does serious damage to any presidents approval numbers. Oil speculation should be banned [ and Harry Reid wants this investigated asap] and Big Oil companies, who record record profits when the price goes up, should no longer get tax payer subsidies and be taxed at a higher rate, the revenues going directly to consumers.
molloyxx1 1 day ago
Oil production has increased since Obama took office and oil consumption in the US has dropped as well, which puts the lie to the internal supply and demand arguement. Oil specualtors [ super rich hedge fund types] increase the cost of a gallon of gas by 10 percent, which right now amounts to appx 40 cents a gallon. And by putting too much pressure on Iran, as The Republicans want to do, we are risking oil prices well over 8.00 a gallon.
molloyxx1 1 day ago
Oil is not FINITE we just need to pray to jesus and he will give us more!
Jimbobthelordourgod 1 day ago
Gas/Oil is FINITE. That means it is RUNNING OUT. We in the USA are using ONE FOURTH of it, and we have 2% of the population. How stupid/wasteful/gluttonous can we be? The lower the price, the quicker we waste it all, till the IS NO OIL LEFT.
mtnprivy 5 days ago
Listen idiot bush was not taking care of his oil buddys stop being so naive
AUTOBOT84 5 days ago
When GWB was President, gas prices were high because "he was taking care of his friends in the oil business." Prices are now higher than they were - what's BarackO's excuse?
His logic is sooooo flawed? He is totally oblivious to economic fundamental principles.
DONGOE 6 days ago
America wake up this man is killing your kids future to grow up with the freedoms you pissed away voting for this hand job
AUTOBOT84 1 week ago 2
Don't blame big oil blame the man speaking. This asshole won't drill here stopped all off shore drilling and stop the extra 700,000 barrels a day were suppose to get. He is doing this on purpose to kill the economy more government control less liberty and freedom. Don't listen to the media they love the Obama Dick. Can't blame Bush now... But we know he will God I hope he is a one term.
AUTOBOT84 1 week ago
Come on, higher prices for gasoline is exactly what Obama wants. All his buds are highly invested in alt energy products. He's an elitist to the bone. We should all be driving chevy aveo,s... Only when we have to and otherwise be walking wherever we go. Voted for him once.. Won't make the same mistake again!
fedupwitumboth 1 week ago
This guy is a fucking moron. Funny how it was all Bush's fault.
patsfan271205 1 week ago