Angry About High Gas Prices? Blame Shuttered Oil Refineries

Foxrac said:
Still under $4 per gal.
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You are in a gulf state, it's almost always lower in gulf states...... $3.59 and climbing is Very High for Alabama....especially with the level of poverty there.
 
Folks in Houston are looking to bikes and buses. They are certainly not buying electric cars!
That is what Obama wants but what is he doing to LOWER electric rates....nothing.
So the double wallop of higher oil prices and high electricity is hurting all Americans.
For those of you whom say Obama did not cause this, I sau to you "What is he doing about it?l
Watching basketball!! Remember...of you are not part of the solution, you ARE part of the problem.
 
TXgolfer said:
You are in a gulf state, it's almost always lower in gulf states...... $3.59 and climbing is Very High for Alabama....especially with the level of poverty there.
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Well, the gas price has been hit beyond $4 per gal for limited time like in Katrina and again in 2008.

Funny to say, during Katrina era, the gas price in CA is cheaper than southern states.
 
Obama wants to see gasoline prices go up. Even to that of the level of Europe's which is about twice the United States according to Energy secretary Chu's comment in 2008.
 
kokonut said:
Obama wants to see gasoline prices go up. Even to that of the level of Europe's which is about twice the United States according to Energy secretary Chu's comment in 2008.
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That's not true.
 
CrazyPaul said:
That's one of the reasons why President Obama and ex-President Bush talked about HYBRID, HYBRID and HYBRID to avoid depending on gas too much. In the future, we will have alot of new hybrid vehicles than before. Just wait and see. Time changes, thus things change. That's part of our life.
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Yet, no one really listen to them and still bitch about it, which is pathetic thou.
 
kokonut said:
Obama wants to see gasoline prices go up. Even to that of the level of Europe's which is about twice the United States according to Energy secretary Chu's comment in 2008.
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No he doesn't and he doesn't have the pricing power to do that. Didn't you read the article?
 
Steel X said:
No he doesn't and he doesn't have the pricing power to do that. Didn't you read the article?
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I didn't say he can. I said he wants to see prices go up. He made that clear in 2008. His action since then supports that.
 
A Rebuttal To Stupid Republicans Who Believe Obama Halted Domestic Oil Production
chart-oil-rigs.jpg


I have had it with the Republicans conveniently forgetting the actual numbers of oil production in the first term of President George W Bush. I have written many time about this but, I once again have to fight back against the complete misinformation that is being promoted by people on the right, like Senator Jim DeMint.

Let’s look at real number of the Bush vs. Obama administration and specifically federal land numbers.

According to the Bureau of Land Management, the agency tasked with reporting oil drilling permits, etc. on federal lands has reported that in 2001, the Bush administration approved only 3,439 permits increasing slightly to 3,802 by 2003. It wasn’t until 2004 that Bush doubled the permits approved, but by they dropped dramatically back down to 4,579 in 2005.

In 2009 under President Obama, there were 4,487 oil drilling permits approved to drill on federal land and in 2010 there were 4,090 permits issued and finally by 2011 there were 4,244.

Now, let’s look at new wells started.

In 2001,under President Bush, 3,448 wells were started dropping dramatically down to 2,871 in 2002, then only 2,957 new wells in 2003, and only 2,702 in 2004 and finally dropping to 1,742 in 2005. In comparison in 2009 under Obama there were 3,267 new wells started, in 2010 there were 3,166 and 2011 there were 3,260.

Now we will look at new leases on federal land. In 2001 Bush issued 3,289 new leases, only 2,384 in 2002, and 2,022, in 2003 and finally 2,699 in 2004. Now let’s compare Obama’s actions, in 2009 there were 2,072 new leases, in 2010 there were 1,308, and finally in 2011 there 2,188.

So when we compare two Presidents and the first term, Obama is NOT halting any production any more than George W Bush. In fact in some areas he exceeded President Bush. This needs to be explained by the Republicans, because it looks like Obama is more of an oil president than Bush.
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I will do this again, and again if necessary. People have the right to know this. I will have done a screen print of this posting to prove that it was here.

Instead of directing your anger at the oil refineries and the specs for raising the prices of gasoline, how about let's do a paradigm shift? Please consider the following data that I pulled from two sources:

Historical Gold Data and Charts - London Fix
Gasoline Price History (this is similar to what I paid in Texas over the years)

Year gas price gold price gallons of gas

2000 1.50-1.75 275 157

2003 1.66-1.91 350 210

2006 2.45-3.21 600 183

2009 2.03-2.91 970 333

2011 3.34-4.19 1500 357

2012 3.69 1630 441

So, you can see that in 2000, an ounce of gold only bought 157 gallons of gas, six years later, gold bought 183 gallons, three years later bought 333 gallons, and today buys just over 440 gallons of gas. It is the cheapest in gold terms so far during this century.

YOUR problem is that your dollar is losing value against gas. In fact, it's losing value against everything else except other CURRENCIES that are being weakened somewhat faster to maintain the competitive export advantage countries have to the US. Only problem with that in the international sense is that it causes price rises, especially food prices, which cause riots in those countries affected because their food budget is a much greater portion of monthly income than we are used to seeing in the US. The US Dollar is losing value because the Fed continues to PRINT MONEY out of thin air. Printing money faster than the rate of population growth or economic growth causes inflation. Using gold/silver as money prevents this for the most part, as it is not easy to mine faster than population growth even with today's modern technology. Look at South Africa with its declining gold mining industry.

The only way to save yourselves is putting your money into gold/silver (silver is the better way to go because it is vastly undervalued relative to gold). Just seeing this has made me realize how fast the dollar is falling against gold/silver.
 
deafdrummer said:
I will do this again, and again if necessary. People have the right to know this. I will have done a screen print of this posting to prove that it was here.

Instead of directing your anger at the oil refineries and the specs for raising the prices of gasoline, how about let's do a paradigm shift? Please consider the following data that I pulled from two sources:

Historical Gold Data and Charts - London Fix
Gasoline Price History (this is similar to what I paid in Texas over the years)

Year gas price gold price gallons of gas

2000 1.50-1.75 275 157

2003 1.66-1.91 350 210

2006 2.45-3.21 600 183

2009 2.03-2.91 970 333

2011 3.34-4.19 1500 357

2012 3.69 1630 441

So, you can see that in 2000, an ounce of gold only bought 157 gallons of gas, six years later, gold bought 183 gallons, three years later bought 333 gallons, and today buys just over 440 gallons of gas. It is the cheapest in gold terms so far during this century.

YOUR problem is that your dollar is losing value against gas. In fact, it's losing value against everything else except other CURRENCIES that are being weakened somewhat faster to maintain the competitive export advantage countries have to the US. Only problem with that in the international sense is that it causes price rises, especially food prices, which cause riots in those countries affected because their food budget is a much greater portion of monthly income than we are used to seeing in the US. The US Dollar is losing value because the Fed continues to PRINT MONEY out of thin air. Printing money faster than the rate of population growth or economic growth causes inflation. Using gold/silver as money prevents this for the most part, as it is not easy to mine faster than population growth even with today's modern technology. Look at South Africa with its declining gold mining industry.

The only way to save yourselves is putting your money into gold/silver (silver is the better way to go because it is vastly undervalued relative to gold). Just seeing this has made me realize how fast the dollar is falling against gold/silver.
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Excellent post and so true.
 
The last three years of the Bush presidency (2006, 07, 08) there were 20,479 drilling permits on Federal lands given out compared to the "O's" first three years in office (2009, 2010, 2011) there were 12,821 drilling permits given out. A 37% drop on oil permits.

http://www.blm.gov/pgdata/etc/media.../fy_2011.Par.36361.File.dat/chart_2011_07.pdf

On new leases during the last three years of Bush and first three years of "O":

9,929 new leases during Bush's last three years in office vs...

5,568 new leases during "O's" first three yeas in office.

http://www.blm.gov/pgdata/etc/media.../fy_2011.Par.19679.File.dat/chart_2011_03.pdf

That's a 44% drop on the number of new leases given out on Federal lands after Bush left office.

It's true that overall oil and gas production is up but only because of the continuing increase on the number of oil and gas drillings, and production on private lands where the Fed govt do not have control over.
 
$4.24/gal today. Yeah! Here's hoping to $5.00/gal by summer although not quite at European gas prices level...yet. Something that Obama wants to see...more higher gas prices.
 
$3.74 here. $14 for a full tank.

*shrug*
 
kokonut said:
$4.24/gal today. Yeah! Here's hoping to $5.00/gal by summer although not quite at European gas prices level...yet. Something that Obama wants to see...more higher gas prices.
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You are blaming on wrong person.
 
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