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Gas Prices

Huskers57

Husker Fan
15 Year Member
domestic gas production is up, domestic consumption is down....the variables are not in the US's control. Sorry. Newty said he'd get it to 2.50...but didn't say how.
 

ChitownHusker

Husker Fan
10 Year Member
Sorry, but the spike in gas prices are not Obama's fault, just like the spike in gas prices in 2008 were not Bush's fault. Sure, Obama could do more to permit domestic oil exploration and production, and his doing so might help us become more energy independent years down the road. Increased domestic production might even have an impact (long-term) on the global price of oil. But we are never going to be immune from spikes caused by Middle East instability and increasing global demand in the summer. Gas price spikes are the new normal, and there is nothing, really, that any president can do to prevent them from happening.

The good news is that one of the factors that caused the 2008 gas spike -- a massive flow of money out of the capital markets and into the commodities markets -- does not appear like it will be present this time around.
 

HuZkurZ

Starter
2 Year Member
Sorry, but the spike in gas prices are not Obama's fault, just like the spike in gas prices in 2008 were not Bush's fault. Sure, Obama could do more to permit domestic oil exploration and production, and his doing so might help us become more energy independent years down the road. Increased domestic production might even have an impact (long-term) on the global price of oil. But we are never going to be immune from spikes caused by Middle East instability and increasing global demand in the summer. Gas price spikes are the new normal, and there is nothing, really, that any president can do to prevent them from happening.

The good news is that one of the factors that caused the 2008 gas spike -- a massive flow of money out of the capital markets and into the commodities markets -- does not appear like it will be present this time around.
I don't disagree with your comments about current prices being Obama's fault. However, his dithering and playing politics with US energy policy IS preventing us from becoming more energy independent. And years could be as few as 8. Based on the below report we could eliminate our imports of oil from the middle east, IF, Obama would do what's right.

Page 118

The study has shown that reduction in U.S. petroleum product demand would not appreciably cut WCSB crude flows into the U.S. Rather, a low U.S. demand outlook would substantially reduce U.S. dependency on foreign (non-Canadian) crudes and products. A combination of increased Canadian crude imports and reduced U.S. product demand could essentially eliminate Middle East crude imports longer term. Low U.S. demand is also projected to reduce U.S. net product imports and potentially turn the USA into a net product exporter after 2020


FINAL REPORT
http://www.keystonepipeline-xl.state...tDrftAccpt.pdf
 
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