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The president has essentially no influence over gas prices at all. It's just something the media plays up because it affects everyone and people get riled up about it.
Obama (or Bush when gas prices skyrocketed under his watch) have minimal influence on a global commodity driven by seasons, investor speculation, supply disturbances in oil-producing areas, and consumer demand.
It's just sad that the people who cry the loudest for free markets never think to blame those markets when they gouge you.
Try living where you don't need to drive so much. Novel idea.
The president has essentially no influence over gas prices at all. It's just something the media plays up because it affects everyone and people get riled up about it.
That is primarily true, except for general energy policy shared by Congress.
The president has essentially no influence over gas prices at all. It's just something the media plays up because it affects everyone and people get riled up about it.
Not everyone reacts negatively to the news of high gas prices. I welcome higher prices. The best way to make the economy more energy efficient is through market forces and there is no better way than letting energy and gasoline prices go up.
The current spike in oil is just another reminder of how we let oil threaten our security and economy. We need to be moving most of our transportation to electric vehicles.
Oh, you said the high price of oil is because of the falling dollar? Why did oil tumble last week while the dollar did not rise proportionately?
The rise in the price of oil in Euros was exactly the same as the dollar:
No it isn't. When you have more money in the supply the value of the money goes down. This means people want more of that same money for products, in this case gasoline.
President Obama and the Democrats have flooded the market with new money. This mean the value of money has gone down and energy prices go up. Just like Obama said he would do. He clearly stated that if elected president energy prices would skyrocket. It's nice to see that a politician has kept a promise for a change.
Obama (or Bush when gas prices skyrocketed under his watch) have minimal influence on a global commodity driven by seasons, investor speculation, supply disturbances in oil-producing areas, and consumer demand.
It's just sad that the people who cry the loudest for free markets never think to blame those markets when they gouge you.
Try living where you don't need to drive so much. Novel idea.
This, pretty much.
And even the gouging isn't necessarily wholly terrible. If it was still being sold at $2/gallon then we would run out of supplies very quickly.
No it isn't. When you have more money in the supply the value of the money goes down. This means people want more of that same money for products, in this case gasoline.
President Obama and the Democrats have flooded the market with new money. This mean the value of money has gone down and energy prices go up. Just like Obama said he would do. He clearly stated that if elected president energy prices would skyrocket. It's nice to see that a politician has kept a promise for a change.
Hate to tell you, one week does not mean a trend.
Yeah... it's a global commodity. Good try, though.
When gas went up to 4.00 per gallon during the Bush presidency it was Bush's fault. Now that the same has happened during the Obama presidency it's not Obama's fault. Isn't it funny how that works?
Was it Bush's fault?
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