Interesting quote

Listening to Andrew Wilkow yesterday a caller was talking about his financial situation. Since Obama took over it now costs him twice the amount to commute to work, yet no salary increase. His consumer grocery budget has risen 50% since Jan 09 also due to fuel costs. Since his family costs are rising he can no longer afford any real recreational costs, so Mom and Pop middle class no longer can profit from his family dining out, a movie, buying a fishing boat or RV, camping, etc. He then made a what I would call a classic statement. "During Bush we could barely afford what we wanted, Under Obama he can not afford what we need."

GroupB wrote: Damn Obama for raising fuel prices.

So nothing to be said about Obama's energy policies that have resulted in the price increases. That silly $.09 per gallon the oil companies make in profits dwarfed by up to $.75 in fuel/gas taxes both state and federal. You sell 1,000,000,000 gallons of gasoline annually in the US you get $9,000,000 in profit, and $75,000,000 in tax income, who is gaining more.
A 100% increase in prices at the pump since Jan 09, Obama's no domestic new drill policy, and no more at the mercy of the overseas suppliers, yes we can blame Obama for increasing transportation costs, from getting to work, to consumer goods to market, and who pays, the worker he feels obligated to 'protect', yet knifes in the back with backdoor costs.

agentwhale007 wrote: oldsoldier wrote: Obama's no domestic new drill policy, So why then are off-shore permits being approved?

agentwhale007 wrote: oldsoldier wrote: Obama's no domestic new drill policy, So why then are off-shore permits being approved?

Just review your standard anti-Bush, anti oil company You-Tube video's of the Bush years when gas went over $2.00 a gallon, now notice the crickets in the trees noise from the same individuals when oil crossed $4.00 a gallon during the Obama years.

It now costs 100% more in fuel costs to go to work, travel the same distance to work or how ever you want to construct the idea, so how are we better off under Obama? Consumer goods have risen 45% on average also based on the increased fuel/transportation costs, yet no blame assigned to Obama and his energy policies.

Yes permits have been issued, has a drill touched a rock yet on these permitted sites, NO. The US is limited in drilling in the Gulf of Mexico, yet the Chinese are more than free to drill in the same international waters. We are being held hostage by OPEC due to the current policies on drilling and refining in the continental US, so simple supply and demand equation. They have the supply, they dictate the costs, pretty simple, have the ability to compete and the balance returns to a more central position. Just state we are drilling and or actually going to use alternatives to pure petroleum, and watch the price drop because OPEC will not want to lose its ability to leverage the prices, and it will make the financial strain to research and develope alternatives too prohibitive.

If you are marketing a widget, and a competator is moving in to manufacture a competative widget, what are your options. Lower the price to make the construction of plant increase the competators price, or raise your price to make his product more competative.

Whale you have access to new achieves of the era, as well as You-Tube, you can find the answer to that question yourself, and you know where the results will lead. Looking for citations as we type.

Well to listen to the detractors of the time, Yes, The Bush/Cheney Cabal I believe it was called, but reality as with Obama directly, probably not. The issue is as we know is "Perception is the 'Truth' of the moment", but the vitriol of the Bush accusations blinded everyone to probably the true issue. The ability to set policy is the Presidents, Obama is on a path to alternatives hense will sacrifice the norms as we know them to be to get there. I do believe the enviornmentalist movement has more to do with drilling and refining policy, the Democrats not willing to offend a core voter base with pro domestic production change in policy.
The volumn of fuel sold draws directly to profits even a $.09 profit to oil company per gallon, yet the considerably higher 'tax' revenue per gallon is never addressed in the total fuel cost equation.
It is just interesting as we know with 'propaganda' how well misdirection during Bush, and now Obama is a total opposite based on voter base needs.

So where do we assign blame as we need to do culturally for the escolating fuel costs, and a lack of a true defined energy policy since Jan09. Just go with hands as blinders 'la,la,la...' into the abyss as our economy starts failing piece by piece based on fuewl shortages and high costs. we can not snap fingers and go alternative, so in the interum where do we go, and how do we get there without destroying our economy or way of life.

Curious, what are you guys paying for gas? Because in ND we have the Bakken oil formation in the western part of the state (Williston/Stanley, ect), yet gas for us in Minot is at $4.09+.

Edited by ammolord - 07 May 2011 at 7:47pm