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Here was the gas price on the first day of Bush's term (I couldn't find a first-hand source so I went with the Center for American Progress. I figured they weren't exactly going to embellish that number to be higher than actuality!) A Better Solution for Gas Prices
Here was the gas price on the first day of Bush's term (I couldn't find a first-hand source so I went with the Center for American Progress. I figured they weren't exactly going to embellish that number to be higher than actuality!) A Better Solution for Gas Prices
So there was a 28% net increase in price under President Bush's watch, an 8-year term. In just over three years, we've already seen a 104% increase.
Gee! What was this about then?
Quote:
"We went into a recession in 2008 because of gasoline prices," Santorum told a packed hotel ballroom of supporters. "The bubble burst in housing because people couldn’t pay their mortgages because of $4 a gallon gasoline," he added.
Again, that's what happens when you crash the economy.
NOT a fair trade in my opinion.
Ken
Yes, that was indirectly why. But the real reason is the supply increased relative to the demand. (In fact, supply remained the same but demand decreased due to a poor economy). If Obama were willing to let supply increase relative to demand (increased production, etc) we could have the same effect.
I don't care what Santorum says. I have never been a fan of his and I have called him out on this forum repeatedly for being incompetent and generally having no idea what he's talking about. The fact that he thinks high gas prices caused the recession is more proof that we can't afford to have him in the oval office.
Yes, that was indirectly why. But the real reason is the supply increased relative to the demand. (In fact, supply remained the same but demand decreased due to a poor economy). If Obama were willing to let supply increase relative to demand (increased production, etc) we could have the same effect.
Supply HAS increased. We're more self-sufficient in oil now than we've been in 20 YEARS!
Supply HAS increased. We're more self-sufficient in oil now than we've been in 20 YEARS!
It didn't stop the price of gas from rising.
Ken
But how much has it increased relative to demand? Honest question, I don't know. But I know demand has rapidly increased. I'm glad there has been a lot of development of private lands for drilling, I hope we can do more of it and do it on public lands as well.
Yes, that was indirectly why. But the real reason is the supply increased relative to the demand. (In fact, supply remained the same but demand decreased due to a poor economy). If Obama were willing to let supply increase relative to demand (increased production, etc) we could have the same effect.
He would have to nationalize oil and enforce a moratorium to forbid the oil companies to export oil. Is that what you are fighting for?
Oil boomlet sweeps U.S. as exports and production rise
Quote:
The U.S. exported more oil-based fuels than it imported in the first nine months of this year, making it likely that 2011 will be the first time since 1949 that the nation is a net exporter of such goods, primarily diesel.
But how much has it increased relative to demand? Honest question, I don't know. But I know demand has rapidly increased. I'm glad there has been a lot of development of private lands for drilling, I hope we can do more of it and do it on public lands as well.
Why should private companies drill on public land, that belongs to all of us, just to export more for their own profit?
The 15 most persuasive explanations for the economic crisis. - Slate Magazine
Not exactly a conservative source here. But certainly more reliable than whatever blog you found. It mentions many possibilities, some of which I think make sense, some which seem sort of out there. But none of the explanations involve gas prices.
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