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There is a bit of good news. My retirement funds are soaring off the map. Some of you know my cush GOV job and I will be able to absorb the cost just fine. However, the nation, on the whole, will not.
I don't drive that far to work so not really. I'm just not a big consumer overall (food, clothes, vacations) so I don't think I will have big problems. I have noticed many annoying SUVs trying to drive 55 mph in the fast lane trying to save gas... like what the heck. To me that is the most offensive side effect of the gas price hike so far. I am having troubles absorbing my road rage.
Some of you are forgetting the other costs associated with high pump prices.
I agree that there are other costs associated with high fuel prices. Delivery systems mostly. This spike in price is not going away. China and India are bidding up prices and it's not going to get better. If you believe in the power of the free market to adjust to conditions then you gotta believe that the free market will provide solutions to the problem. No amount of regulation by Obama is ever going to bring gas prices down. If we drilled every well possible, that still wouldn't solve the problem. The problem isn't Obama, it's world demand and a good republican mantra is that free enterprise, unregulated will find a solution.
I agree that there are other costs associated with high fuel prices. Delivery systems mostly. This spike in price is not going away. China and India are bidding up prices and it's not going to get better. If you believe in the power of the free market to adjust to conditions then you gotta believe that the free market will provide solutions to the problem. No amount of regulation by Obama is ever going to bring gas prices down. If we drilled every well possible, that still wouldn't solve the problem. The problem isn't Obama, it's world demand and a good republican mantra is that free enterprise, unregulated will find a solution.
The government is too busy anyway banning incandescent light bulbs. Besides, Obama can't put together a 2-piece puzzle.
The government is too busy anyway banning incandescent light bulbs. Besides, Obama can't put together a 2-piece puzzle.
I say $6/gal by the middle to end of summer.
Well, obviously you are entitled to your opinion. If your opinion is to tie Obama and his administration into the current price of gas then.........have at it. Won't be the first time someone tried to make that stretch.
Are you saying we are out of oil in America? Oh, that's right. We can't gain access to it.
It's late and I really don't have the interest in indulging in childish debates so... I will answer your questions with all the consideration they deserve.
"Are you saying we are out of oil in America?"
No, I am not saying that American is out of oil.
We can't gain access to it.
Untrue, we have access to far more than is being produced at the present even if we don't consider those areas where access has been restricted.
What policy(ies) would those be? What Obama has been trying to work through folks little pea brains is that unless we find some other source of energy we'll be experiencing these kinds of hit to the pocket book more frequently in the coming years if we keep on keeping on the way we have.
What policies?
1. Drilling moratorium, Gulf of Mexico
2. Near-complete stop on new Gulf permits
3. Revocation of previously granted exploration and production leases in continental US.
4. Refusal to permit drilling in Alaska, onshore and offsore, which may result in dismantling the Alaska Pipeline for below-minimum usage within six years.
5. Diversion of scarce resources to subsidize uneconomic electric hobbymobiles for the upper class.
6. Diversion of scarce resources to subsidize uneconomic wind energy, ethanol, and other green energy cons.
The market will drive us to the most efficient sources, oil now and something else later. Government interference in traditional energy production or alternatives is not helping us.
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