by Duluth News Tribune
September 10, 2012 at 7:00 pm in Duluth News Tribune
With retail gas prices reaching $3.99 per gallon in Duluth on Monday, $4 per gallon won’t be far behind.
Tags: auto, Business, weather 67 Comments »
Maybe the Duluth City Council should ban high gas prices.
Well-loved. Like or Dislike: 45 6
Absolutely. I mean, remember that the Council decreed against the war in Iraq. And then what happened?
the US is pulling out of Iraq.
So, great idea. Maybe the same magical thinking the city council exudes will extend to our energy needs.
Well-loved. Like or Dislike: 27 4
Carefull Skipper they might ban oogabooga too.
Like or Dislike: 17 6
Oogabooga, that was attempted humor just in case you were wondering.
Well-loved. Like or Dislike: 18 3
And good attempted humor, too!
Like or Dislike: 12 3
Living in Cloquet looks pretty good right now. Gas at $3.95 and with a coupon from Holiday’s website, it’s $3.90.
Like or Dislike: 13 13
No mention of Bush in the article, because we all know it is his fault, and war for oil!!!!
Hot debate. What do you think? 23 23
Don’t worry about anything that happened so long ago — a global multi-billion dollar industry like petroleum turns on a dime, and only things that happened in the last week or so are affecting developments today.
Like or Dislike: 9 8
Times are difficult, that’s for sure. I’ve cut back to only buying the latest fashions five times per year and I only go to Starbucks four days per week. Plus, I decided to not give our youngest child an iPad or smartphone. It’s hard living in a family with only six iPads, six smartphones (and their associated data plans), and a tiny 44″ flatscreen TV. But desperate times call for desperate measures.
Hot debate. What do you think? 33 24
Wow dm08 you must have went to Obama’s school of American unexceptionalism. The point is we had $2 / gallon gas when the Obama socialist machine took over and now we are at $4. His energy policy is as nonexistent as his foreign policy. Speaking of foreign policy, maybe he should show up to a security briefing once in a while and he’d have a clue what’s going on around the world.
Like or Dislike: 10 16
Gas was $1.89 when Obama came into office. Government regulations have increased by 7.4% under Obama. We can develop our own resources and become energy independent. Obama has hurt the middle class more than the media cares to report. High energy prices =high food prices etc. I know who I will be voting for.
Hot debate. What do you think? 44 39
10 thumbs down from the idiots that have no clue as to the power the president has when it comes to gas prices. I want a president that wants oil independence, not from pushing electric cars, mass transportation or other dreams that most Americans don’t want let alone pay for. I want a president that will allow private companies to build pipe lines, drill off coast and in the far artic where none of us will ever travel. And I want a president that for whatever reason isn’t afraid to allow private energy companies to create 100,000’s of jobs in doing it. Just the mear talk of oil independence has historically had a huge impact on OPEC oil prices.
Be reminded of President Obama’s failure to pursue oil independence everytime you fill up!
Hot debate. What do you think? 37 34
That’s just all pipe dreams (pun intended). The 20 million barrels of oil the US uses on a DAILY basis won’t be satisfied by anything pulled out of the arctic, or the oil shale areas.
Neither are there any real alternatives. We’re living on a planet with increasingly diminishing energy returns.
Wait until much of the products on supermarket shelves are too expensive for anybody to pay for them, because the gasoline it took for the truck convoys erases any idea of affordability in the US food supply.
How do you think the millions of EBT users will react to that?
Hot debate. What do you think? 23 14
You are right, gas was $1.89 per gallon when Obama took office, down from a high of $4.12 per gallon a mere 3 months before that date.
Check the 8 year history here http://gasbuddy.com/gb_retail_price_chart.aspx
Hot debate. What do you think? 22 13
Apparently you don’t know how to read a chart dorkface. Forget the high and lows of your chart. I would take Bush’s average $2-$3 gas anyday over Obama’s $3-$4 per gallon average over his disgraceful four years on the golf course, er Presidency.
Hot debate. What do you think? 22 22
Yes, Don Raihalaface, I know how to read charts. Do you know how to read forums? One person posts something, another person replies.
Hattieface posted that “Gas was $1.89 when Obamaface came into office.” implying that Bushface was some gas price guru. All I replied with was a fact. This “GAS WAS UNDER $2 WITH BUSH” gobbledygook is nothing more than just plying the fact that people take what they read as the truth.
The truth is, the presidentyface does not have a strong influence on the price of gas. Gas prices are always going to rise unless we take drastic measures to secure more oil supplies, even with the advent of fracking. That usually means taking over a country that has more than we do.
We have stopped(or slowed, depending on your views) doing so, for the time being. So for the time being, gas prices will continue to rise. Especially if we continue to allow speculation to influence the price.
To be honest with you, we have been relying on cheap oil for far too long. It has put our country in a situation where we might live or die by the price of gas. The increase in price is a godsend in most respects, because it is driving us as a nation to take a long, hard look at our dependence on oil.
We used to be a nation of innovation, a nation that was always on the cutting edge of new technology. That is still true in many respects, except for our dependence on oil. We are far behind other countries in developing the infrastructure to support alternative energy sources for our transportation. That is NOT a party issue, that is an issue with lobbyists and special interests.
But I digress. Stop being a farty-pants.
Hot debate. What do you think? 20 20
Then you must love Bill Clinton, because, inflation adjusted, gas was by far cheapest during his presidency:
Of course, Bush inherited this and then we ended up in a war with Iraq and the price started shooting through the roof. Arguably one of the few times a president actually has had an effect on gas prices (well, not just the President, his advisers pushed him and congress went along, so a lot of folks are to blame).
We could also lower gas prices quite a bit by greatly limiting speculation (see http://money.howstuffworks.com/oil-speculation-raise-gas-price.htm for a primer on speculation) which is estimated to be approximately 15% of the rise of gas costs:
Maybe we could all conserve by correctly inflating our tires.
Like or Dislike: 11 0
Like or Dislike: 3 1
So….anyone have an answer as to ….because the Tsetse fly hicupped in Tahiti…..the gas prices rise in Duluth, Mn??? Seriously….the article said it is because of transportation costs that Duluth gas is higher…..so why is gas cheaper in Two Harbors, Cloquet, Virginia, Hibbing, Grand Rapids, Int’l Falls…..etc?? If you have noticed lately….Duluth prices are matching Superior’s prices….and Superior prices have the extra Wisc state tax included in their prices! ( Right now, Wisc state tax on gas is higher than Minnesota’s state tax )…..BUT, Duluth matches Superior prices…..meaning……EXTRA PROFITS for Duluth gas stations! How does charging more money for gas eleviate a supply problem in the pipeline or anywhere else? Stock of gasoline supplies around the country are extremely high…..so, why the increases in prices ……again……and again? Anyway….so, how does charging more…fix the problem of a supply disruption…..( supposed disruption ). Gas is a commodity traded on the world market…..and the speculators have the prices pumped up higher than OPEC or others would normally charge….gettin’ ripped again! On top of all that…..”there is NO COMPETION in Duluth….everyone just pokes their head out the door to see what the next guy is charging……so, he matches the price……no competition……but, no guts either! This is totally insane!
Well-loved. Like or Dislike: 39 3
One good thing about high gas prices…Obama will not get re-elected. With gas prices rising thereby putting the brakes on an already struggling economy Obama and his administrations energy policies are history. Our economy runs on petroleum products which is a truism Obama cannot comprehend.
Hot debate. What do you think? 24 21
Right on Vern – you stated:
‘so why is gas cheaper in Two Harbors, Cloquet, Virginia, Hibbing, Grand Rapids, Int’l Falls…..etc?’
There’s no rational explanation other than price gouging. Time for Brandon Stahl to investigate – personally know of two gas station/convenience store owners living in nearly million-dollar homes.
Well-loved. Like or Dislike: 20 1
Jim J…..I agree about the investigation….but, nothing against Brandon Stahl……the DNT will never do this…..or at least with some thorough investigating….they do not do this….they just print the fluff stuff…..nothing deep! The Atty General of Minnesota has done “investigations” in the past ( conducting price audits in Duluth )….they have said….no collusion…..in the Duluth pricing scheme! I guess, if there has been no e-mails….no phone calls….no lunch time get togethers…or no mail evidence found…..they concluded that there was no price collusion…..even tho customers have been complaining about prices in Duluth for many years! I guess if, they all price gas in Duluth at the same price…….without talking to one another…..they get off the hook! If 1 or 2 gas stations lowered the price…every other station would be p.o’d…..so, they try to “play nice”…..at our expense! They will tell you the State of Mn forces them to have a certain profit margin so the big outfits like Sam’s Club etc, could not just undercut the small stations to run them out of business…..on the other hand…..their is NO VARIATION in Duluth…..which is proof of the locals circumventing the system!
Well-loved. Like or Dislike: 17 1
Thank the GOP and the “tea party” for your high gas prices….
Hot debate. What do you think? 23 29
Like or Dislike: 17 10
Neither political party has the will to tell the American population that the Energy Crisis which is developing the world, is just the tip of the iceberg. A gallon of gas is not going to stop at $4.00/gallon. This is simply a classic supply and demand problem. There is increasingly decreasing returns in oil production, and an increasing world wide demand for it.
We’ve allowed our railways to rust and get ripped up for more superhighways. We desperately need an effective rail line transportation system on a national level.
Obama’s royal decree of doubling the MPG in new cars by the 2030s is absurd. By that time, only the super wealthy will be driving cars.
Well-loved. Like or Dislike: 30 7
10 thumbs down from the dunce cap wearers that have no clue as to the power the president has when it comes to gas prices. I want a president that wants oil independence, not from pushing electric cars, mass transportation or other dreams that most Americans don’t want let alone pay for. I want a president that will allow private companies to build pipe lines, drill off coast and in the far artic where none of us will ever travel. And I want a president that for whatever reason isn’t afraid to allow private energy companies to create 100,000′s of jobs in doing it. Just the mear talk of oil independence has historically had a huge impact on OPEC oil prices.
Hot debate. What do you think? 24 30
Oil independence is a cute idea, but it’s a complete fallacy. America isn’t the only country in the world, and we’re not North Korea or Cuba. Anything that we produce will get sold on the global market just like everything else to the highest bidder (i.e. China and India among others). Do you not understand basic economics? The people selling you this idea of energy independence by drilling are just looking for ways to earn higher profits at the expense of America’s resources. And they obviously have the pocketbooks to convince enough people that it’s a good idea, even though it’s an outright lie. Think for yourself for once.
Hot debate. What do you think? 30 16
Oh poor ignorant Don….your comments are cute, but the facts are that oil drilling in North America have increased exponentially since President Obama took office. Check your facts before you spew…
Hot debate. What do you think? 23 16
No one said anything about not pursuing other forms of energy or efficiencies. I just don’t want changes jammed down my throat in such short time and like Obama said himself “energy prices would necessarily skyrocket”. And maybe oil drilling has gone up under Obama, but I’ll guarantee you if it did it’s only because it was self serving to his cause. Keystone pipeline built with private money is a no brainer. If a guy like Obama puts a hiccup in the flow of progress (or in this case the flow of oil) it will only come back to bite us in the rump exponently more sometime in the future. Why do you think Enbridge is spending billions to increase the diameter of their existing pipes? Because it’s profitable to them which is ok in a free market society AND because they can forecast the increased demand of their product coming through that pipe.
There can and should be common ground on this issue in Washington and actually it should be fairly easy compared to our other problems, but Barack Obama has consistantly shown he is not part of the compromising equation when it comes to America’s success.
Like or Dislike: 13 16
W=president, gas < $2.00
Obummer=president, gas ? $4.00
Hot debate. What do you think? 28 28
My salary hasn’t increased in the past four years, has yours? Groceries are up, Gas is up, everything else costs more, incomes are not going up. Obummer hasn’t delivered on his promises. Time to vote the bum out of office.
Hot debate. What do you think? 33 23
Or invest what you have left in precious metals like gold and lead!
Like or Dislike: 15 11
Stevo, yet the stock market is up and corporate profits are up. Instead of blaming the government, perhaps you should start looking at the people who have been selling you this “trickle down” idea for the past 30 years. Big business and banks own this country – the government is just their puppet.
Well-loved. Like or Dislike: 33 17
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Merv, quite honestly I think you have it backwards. Government is the problem. I for one am leery of the unprecedented growth of government especially at the federal level. The only trickle-down going on is Washington trickling down on private citizens and small business owners in this country. I’ll be the first to agree that this administration and the previous have created a mess, however, Obama and the progressives are accelerating the collapse of the economy. Maybe it is a good thing, when the economy collapses, those of you who rely on the government sustenance will be the ones that feel the most pain. I can foresee government worker riots in this country just like Europe when it all comes tumbling down.
Poorly-rated. Like or Dislike: 12 23
See, you’ve already lost credibility by automatically assuming that I depend on any form of public assistance.
Like or Dislike: 19 7
steveo….so it’s the Presidents fault that your salary hasn’t increased?? Sounds to me like your employer isn’t impressed with your quality of work. Grocery and gas prices are up, yet the conservatives in office want to continue giving billion dollar subsidies to the oil companies. President Obama wants to slash the billionaire oil subsidies….do you support continuing to give billionaires tax breaks? Oil drilling in North America has increased exponentially since President Obama took office because he isn’t a puppet for OPEC like Bush was….maybe oil prices are up because demand is up, maybe you should get yourself a bus pass and quit complaining.
Hot debate. What do you think? 20 15
Wow, you read a lot into my salary not increasing. Lot of small businesses are just getting by in these troubled times if you have not noticed. The small private company I work for would be laying off people if all our employees were as greedy as the Chicago teachers union! I’ll gladly forgo a salary increase in order to not have to let others go, especially my colleagues with children at home or in college.
BTW, many of the “subsidies” available to the oil and gas industries are general business opportunity credits, available to all US businesses, in fact of the 4 billion/year or so in US subsidies the three largest allocations are:
$1 billion/year for the Strategic Petroleum Reserve
$1 billion in tax exemptions for farm fuel
$570 million for the Low-Income Home Energy Assistance Program
My US public school math skills tell me that62.5% of all oil subsidies are consumed by these three programs alone. Which program do you want to cut?
Poorly-rated. Like or Dislike: 5 15
magnumpi – you might want to check your facts before you give Obama credit for the increased drilling in the U.S. Do you just regurgitate his talking points?
STRONG: Because when he says “under my administration,” he’s implying that it’s because of policies that he’s enacted as president. But actually, the policies that he’s had a role in have decreased drilling on federal lands
go to factcheck.org for more
As for the billions in oil company subsidies, why hasn’t Obama cut them yet? He’s had almost 4 years to do it but only likes to talk about it during election time.
Poorly-rated. Like or Dislike: 0 10
Just because gas was under $2.00 at the time of the elections, does not mean gas was under $2.00 the entire time Bush was in office. Just three months prior to Obama taking office the average price for a gallon of gas was $4.12.
Note the precipitous drop just prior to the election.
Like or Dislike: 13 10
Oh, and BTW it was over $2 per gallon for the majority of his 8 year term.
Like or Dislike: 12 8
The rest of the world still pays double what the U.S. pays for gasoline. Also, the U.S. uses nearly half of the worlds gasoline. Maybe it’s time we got used to paying the true cost of our fuel. Also, are people so short-sighted that they forgot that gas was nearly $4 a gallon under Bush too?
Long story short, you’d better get used to rising gas prices. A world past peak oil production is going to be a lot more expensive.
Hot debate. What do you think? 19 16
That isn’t the case. Fracking has opened up new areas for drilling. Every country in the world has shale and the opportunity if they wish to drill for oil. China has a very large amount of shale and should eventually turn to fracking. Peak oil…no…not yet. That is a myth the oil companies want us to believe in order to keep gas prices high. They have recently discovered a new technique to help eliminate the damage fracking does to the environment. This is just getting off the ground.
Like or Dislike: 12 12
So what happens after that? The whole world just fracks away for 30 or 40 years… Then what? If you just turn a blind eye to the future, then you’re enabling dirtier, riskier, and much more expensive ways to extract oil later on. I worry that some day people will start destroying areas like the north woods or Lake Superior just to get whatever table scraps are left.
My question: How far does it go? Because it sounds to me like some people are willing to destroy the entire planet, just so long as they can still drive their SUVs without thinking about the long-term repercussions.
Hot debate. What do you think? 20 11
Foresight is lost on those who can’t see past the tip of their nose.
Like or Dislike: 11 8
Apparently so, because past the tip of my nose seems to be a huge chunk of the public that willingly ignores facts. Not just willingly ignores… You totally embrace as many lies as possible, just so you can continue on with life thinking you’re right and everybody who has something different to say is wrong. Your loyalty toward your ideology is no different from that of the Red Guard in 1970s China. Anyone who disagrees should be denounced and publicly shamed.
Like or Dislike: 12 6
Well Merv, I agree with you on your comment about Americans being in love with their SUV’s. I have no idea why so many folks feel the need to drive those larger SUV’s with one person in them and in the case of pickup’s….a shiny painted bed in back with few scratches in it.
When I was a kid my dad had a pickup….it was driven when we needed to haul something large or tow something on a trailer. It was rarely if ever driven for basic transporatation. We had a much more fuel effecient car for those needs.
One could make the case that up here where we get many months of potential snowy/icy slippery roads many families feel the need for a 4 wheel drive SUV…..but, for the relatively few days of truly inclement weather we have, it still seems illogical to drive a large 15/20 MPG SUV when a full time 4 wheel drive crossover vehicle would suffice and go much further on a gallon of gas. The mild climate states which rarely if ever suffer extended ice/snow are full of nice shiny 4×4’s which never have seen ice/snow or been off road. Seems like such a waste of gas.
However….we all have the freedom to make what others may feel poor choices, and until the pain at the pump gets large enough….I guess that’s just the way it will be. I think many times it’s more of a status sympol to have this big 4×4 parked in the driveway for the neighbors to see….or be able to tower over others on the highway.
I know many blamed George Bush for high gas/oil prices due to him being in the oil business…..you know, rewarding his buddies in the oil business. Then we blamed him for starting “wars for oil” in the middle east…..seemingly didn’t work out very well if that was his goal.
So if we blamed President Bush (or any other past President) for high oil prices (I personally don’t since there are literally hundreds of other factors the President can’t control)…..just wondering if those same people are blaming President Obama for high oil prices now ? Somehow I doubt it….We generally only see what we want to see.
Like or Dislike: 3 0
Fracking is not going to replace the oil fields that are in decline. Getting a 1/2 million barrels of oil a day out of, let’s say, the Bakken play– is great, but the US alone uses over 19 million barrels a day. World oil use is over 85 million barrels a day.
We import over 8 million barrels of oil a day.
US oil production peaked in the 70s. So, this idea of oil independence is complete fantasy. As the inevitable decline of oil fields around the world occurs– and is happening faster than before, because oil companies are sucking oil out faster than the past– there WILL NOT be any replacement fields or sources to match what is lost. Oil is a finite resource that operates under the law of supply and demand. So as the supply inevitably dwindles– the price inexorably goes higher and higher.
Replacing the lost oil with biomass, or coal to oil, or hydrogen fuel cells, or mining alien planets– are all fantasy.
If the US wants to continue being a ‘car culture’ then we better be thinking of other ways to power our vehicles. Like electricity. Which means, we better be willing to build many new nuclear power plants for the power grid to support that. However, as others have pointed out even on this forum– Americans don’t want to have to drive electric cars, or depend on nuclear energy.
Instead of preparing for the future without oil with intelligent responses, the US is in a collective haze of magical thinking, and ‘wishing upon stars’.
Like or Dislike: 9 2
Past production? Where? There are so many untapped resources that we are far from over. What did they say in the 70’s, gas was going to be gone by 90’s or some BS like that. It is possible for the US to become energy independent, it just that the extreme left, and environmentalist don’t want us to be. They want us to be walking to our destination, or taking a train.
Like or Dislike: 11 17
Ideology, ideology, ideology.
Like or Dislike: 13 8
That is it?
Like or Dislike: 6 5
What energy sources? biomass? Hydrogen cells?
Are there ‘secret’ oil fields that the US has been hiding, for just this contingency?
Energy availability is a mathematical and scientific problem. The 8 million barrels of oil the US imports every day will not be replaced by scrounging the deep sea, or fracking deep underground. Besides, deep sea oil recovery, shale fields & fracking, are the dregs at the bottom of the oil supply.
How about thorium as a power source to power liquid fluoride thorium reactors(LFTR) ? A LFTR generates 4,000 times less mining waste and 1,000 to 10,000 times less nuclear waste than present reactors and the majority of the waste products (83%) are safe within 10 years. The United States is estimated to have 300,000 tons of thorium reserves, which translates to nearly 1 trillion barrels of crude oil equivalent–five times the entire oil reserves of Saudi Arabia. A LFTR can’t melt down and can’t be used to generate bomb-making material. http://slowfacts.wordpress.com/2011/11/02/the-advantages-of-thorium-reactors/
BTW, one advantage of living over a sea of oil is paying 60 cents per gallon of gas; since I only drive my compact car when absolutely necessary, my monthly gas bill is about fifteen dollars.
Like or Dislike: 8 1
If Thorium were so ready to use, then why aren’t any companies exploiting it?
it’s either too expensive to produce, or it’s not real.
Like or Dislike: 4 8
Here is a link to an informative NPR “Science Friday” debate between to experts on the subject: http://www.npr.org/2012/05/04/152026805/is-thorium-a-magic-bullet-for-our-energy-problems You can either listen to the program or read the transcript if you like.
The bottom line is that thorium-based nuclear power is being extensively researched and developed now in India, China and some European countries; it will most likely be a viable commercial technology in the near future. However, this type of reactor will not be built anytime soon in the USA because of licensing issues. So it seems that the government regulations are getting in the way. We will be left behind in this very promising technology.
Like or Dislike: 7 3
Thorium plants have some significant issues, the advantage of not being fissile is balanced by the need to add fissile materials to achieve reactions, but yes its a direction worth pursuing (though we have done work on it in the past and it doesn’t seem to be a high priority area).
But the country is pursuing lots of interesting areas. I think the most promising is the National Ignition Facility, which is a research site to produce small scale fusion reactions using lasers. The site is now online having solved the problems to begin testing. You can find lots of info about it at https://lasers.llnl.gov/ . At this point they are actually in the engineering phase for the “bbs” the lasers are fired at to find the right shape to achieve ignition (the point at which the reaction produces more energy than it takes to initiate). I had a tour of the place, along the way they have also made breakthroughs that would make the final production facilities much smaller.
Like or Dislike: 2 0
Now here is where we can ALL blame ALL policticians for the last 30 yrs. Remember back in the 70s during gas shortage? Then came the push for economy cars. Well, guess what? Govt failied to continue to put pressure on auto companies to keep improving on mileage. Sure the vehicles got better in other areas, but WE paid for it. The solution to this is easy, IF the politicians turn their back on those funds they receive from oil companies, and do what is right for OUR country. 1. Dont wait till 2099 to mandate double fuel mileage on all cars. 2. Drill baby drill. 3. Also throw incentives towards U.S. automakers to develope alternative fuel cars and get ahead of the world auto market so the U.S. can once again dominate that market. 4. A FULL investigation on fuel prices. (No way do I believe that speculation should control so much of gas pricing) and now its corn/ethanol issues. Well according to what they tell us, thats only 10% involved, so why more than 10% increases???? As long as WE continue to allow this folks, they will continue to record those incredible quarterly profits!!!! Forget the War on Women, how about the War on Gas????
Well-loved. Like or Dislike: 19 3
Wait.. people are blaming Obama for gas prices when it’s a global market, and th eprice ratios have been isomorphic across the planet? People arn’t looking at the stock markets and people buying futures up at penny increments to make millions?
Amazing how blind people are. There is even a study by a Libertarian Think Tank (CATO) about how the president has 0 control over gas prices.
Like or Dislike: 13 5
Our Politicians (if they had spines) could certainly CHANGE things, just like they promised. Just because global markets are what they appear, doesn’t mean we continue to be submissive and allow these costs to continue. We need a leader who can direct and support change, without bowing to big oil. I don’t just blame Obama. He is one of many politicians within the past 30 yrs who have decided to reap the benefits (campaign money) rather than represent the people. I am tired of people having this “Oh well,what can ya do?” attitude. Term limits in Govt need to occur and we as voters need to send a message to incumbants that we are tired of being taken advantage of. OR, we can continue this steady pace towards a real economic disaster. It is right around the corner if we don’t CHANGE in a hurry.
Like or Dislike: 9 4
If there were truly a limited supply of gas in this country we wouldn’t be exporting it to other countries, namely China. Gas companies keep production at a limit supply to keep prices high. That is the truth. In turn we are forced as taxpayers to pay them subsidies for the pleasure of being screwed at the pumps. Obama could do something if he had the balls to stand up to the real people that run Washington, namely Karl Rove.
Like or Dislike: 6 4
We should just all sell our cars and get on the magic bus with Furgler and PI!
Like or Dislike: 4 10
W=president, gas < $2.00
Obummer=president, gas ? $4.00
Might wanna check your facts.
When Bush took office gas was under $.170 and when he left it was over$4.00!
The prices we're seeing are the highest since Obama took office however they were actually higher during Bush's reign of terror.
Like or Dislike: 15 4
With Obama we haven’t had the luxury of low gas prices, even if it was for a month or so. It’s just as they want it, even Obama’s energy secretary Steven Chu said in 2008, he wanted gasoline prices to get to the European level (which is $9 or $10 a gallon).
Alas, we don’t even believe it when it is right in front of our noses.
Yeah, go ahead google it, factcheck it, stick it in you rump for all I care because nobody ready cares until it’s too late.
Like or Dislike: 4 13
If you were President, wouldn’t you want low gas prices for all Americans regardless of political party beliefs?
Like or Dislike: 3 7
Ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality.
The Fed on Thursday said it would pump $40 billion into the U.S. economy each month until it saw a sustained upturn in the weak jobs market. (Read more: Fed’s ‘QE Infinity’ — Four Things That Could Go Wrong)
In its downgrade, the firm said that issuing more currency and depressing interest rates through purchasing mortgage-backed securities does little to raise the U.S.’s real gross domestic product, but reduces the value of the dollar.
Wake up people, before Obama gets his wish and turns the U.S. into a third world country!
Like or Dislike: 1 10
Apparently people in the disagree column do not like facts. Ignorance is Obama bliss.
Like or Dislike: 2 5
No one has mentioned Hurricane Katrine and that is when gas went through the roof and the crazy Middle East countries that drill only when they want. Drill here, drill now, cost will be less. Natural gas was $11.00 per cubic foot and now we pay $2.00 for it and are ready to export some to China. As Obama’s Middle East ploicy blows up in his face, we need to becomwe energy independent from them or gas will be $7.00.
As long as oil is priced in dollars, and Obama and Bernanke continue to artificially prop up the economy only by printing more money, the value of the dollar will decline and oil will continue to rise. Google “Germany inflation 1923″ to see what the end result will be if you are a person who is not aware of history.
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