We've got people seeing $4.30 or so/gallon for gas, now.

This is such a *fun* graphic, we'd thought that we'd use it again.

By Moe Lane Posted in | | | | Comments (16) / Email this page » / Leave a comment »

[image via House Minority Whip regularly updated]

Nothing wrong with haystack's post, of course. Anyway: guess what? The problem's not going away, and you can't blame this one on the GOP. We like to drill for oil, remember? We like refineries. We probably all have little altars in our basements to the Great Dread God Krood. So talk to the Democrats.

And in keep this in mind: they're not sitting on oil production so that you can feel better about yourself. They're sitting on oil production so that they can feel better about you.

Moe Lane


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We've got people seeing $4.30 or so/gallon for gas, now. 16 Comments (0 topical, 16 editorial, 0 hidden) Post a comment »

I get unsolicited phone calls from the Kay Barnes for Congress (D) campaign trying to blame high gas prices on Sam Graves (R).

I need to check Sam's voting record on drilling, etc., but I'm sure Kay won't be jumping up and down to drill anytime soon, unless the (D) platform suddenly collapses under the weight of its own inertia.

"Government of the people, by the people, for the people."
A. Lincoln

I mean, I know there's lies, damn lies, and statistics, but these estimates, "***based on various sources", are a little off.

Unless you're telling me that if Republican policies are implemented, and they have optimal effect on the market, oil companies will actually be giving us free gas plus 70 cents a gallon just for the choice to use their gas. $1.60 + $2.50 + $.0.45 + 0.18 + 0.05 = $4.78.

If that's true, I'll vote Republican :-).

If you don't like that number, tell me one that you would. :)

The Fuzzy Puppy of the VRWC. I've been usurped!

Persuade Exxon-Mobile to give all American citizens $0.70 for every gallon they use and I will vote Republican.

Not because I think that's a particularly good idea, either as energy policy or voting policy, but if team R can do that, they can probably whip up a team of unicorns and snarks to take out international terrorism and fix sudden honeybee death syndrome.

Come on, man. Give me something that I can take back to my guys. Hey, I even went up first, that's how much I want this deal; surely you won't leave me hanging like this?

The Fuzzy Puppy of the VRWC. I've been usurped!

Out of curiosity, given all of the impediments and problems that congress causes that drives up the price of gas, why is it that you're requiring the private enterprise, rather than Congress, to pay for it?

Why require Exxon-Mobil to give the American People money as a qualifier for your vote?

Seems to me that elimination of the federal entanglements would result in MUCH more of a drop in price.

Why is it that so many people on the left always seek to punish successful businesses?

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Dependence is Slavery.

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Dependence is Slavery.

I don't expect oil companies to pay us to use their gas - my point was that the numbers on the graphic, at their most optimistic, indicated if we folled R policies that could happen.

Did you miss the unicorns and snarks, or did you also think I was hoping for that outcome too?

it's a good point, though - where are these numbers coming from? does anyone have any idea?

and, correct me if i'm wrong, but even if we decided to start drilling for new domestic oil, won't it take nearly 10 years to get them running and see a difference?

finally, i thought we were past the gas tax holiday idea? nearly every economist said it was a bad idea that would help private companies rather than consumers.

It only takes 10 years because of government regulation and the Enviro-weenie's constant involvement.

Get rid of that and we can cut the time in half, if no better.

There are a growing number of people that realize that the Government, not the oil companies, are at fault for our current situation.

Which is why they are scrambling to blame anything and everything else.

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Dependence is Slavery.

that we'd finally b-slapped the enviroweenies and warming globalonists into their place, and probably be back down to $2.00 a gallon within a month. The function of the market is to price the commodity based on the expected cost of the replacement. That's why they are called FUTURES.

Announcing that we would once again unleash the might of American innovation would immediately reverse the expectation of dwindling supplies. Whatever speculative bubble we have bursts instantly, hence the immediate price drop. Next OPEC realizes it needs to suck as much money as they can out of the markets BEFORE the American supplies come on line because after that they have no control over prices, so they start producing more to maximize their take. That leads to the greed factor as each of the members cheats on their production quotas (producing more to get more money). Voila! $2.00/gallon gasoline. It's called the magic of the market place.

Do you have any numbers or analysis to back up this claim that oil prices are over double what they should be based purely on supply and demand? I have no doubt that there's some speculation in the market right now, but I think you're overstating the case by a lot. There's also the fact that to get this domestic oil online would take a number of years (5 at best), and the amount of known oil (barring some magical discovery of a huge oil field) is relatively low compared to world needs. So I'm not sure why OPEC would be worried about new American oil.

But my main problem with your analysis and with the figures in the main post is that all the numbers are pulled out of a hat. These claims would be much better served by having some sense of where the numbers are coming from.

You might very well score some political points with these arguments, but as for actually solving the problems, we need real evidence.

'They' are sitting on oil in order to make us all feel the pain so we all decide its the administration's fault and we all bow to the alter of the traitorous monsters of socialism. 'They' are lowering the dollar. 'They' are increasing oil speculation. 'They' pulled the rug from under the sub prime housing and auto markets JUST BE TO ELECTED. (Sorry for yelling. 'They' are really ticking me off.)

 
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