White House seeks to deflect blame over rising gas prices

**Professor Peabody** · Mar 06 2012, 04:22 AM

Originally Posted by toddwv

You're supposed to ignore the fact that oil production is up and the US is now a net exporter of gasoline.

Yes we are todd. Production on PRIVATE land is up, production on Federal land is down.

In 2007, the U.S. Energy Information Administration (EIA) projected total 2010 U.S. oil production on federal lands to be 850 million barrels. Today’s actual production on federal lands is 714 million barrels, a 16 percent decline from what was projected. If it wasn’t for the Obama Administration, the U.S. would be producing more energy.

http://naturalresources.house.gov/Up...Production.pdf

The truth is Obama can't stop oil production on private land, but he has on Federal land.

**onalandline** · Mar 06 2012, 05:23 AM

Originally Posted by Iriemon

Why wouldn't we be?

Gasoline prices is based on international fluctuations. when the price fluctuates higher globally, Big Oil seas gas to higher prices in foreign markets, and we end up paying higher at the pump.

The more we produce the more Big Oil can sell in foreign markets, and the bigger profits they make.

But that doesn't help prices here.

Well, Obama certainly hasn't contributed to an increase in production. He has done the exact opposite. Any increase you see today, was set in motion in years past. If an increase in production will not help with prices, then someone is intentionally screwing with the market.

**Acharp** · Mar 06 2012, 05:37 AM

Where do you buy your gas from? Mobile, Sunoco, shell? Tell us all how giving them more access to oil which they already have too much of, reduces prices. Tell me exactly how his energy policy raises prices, how does it set the price in the global economy? Answer, it doesn't. If you want lower prices at the pump you advocate socialism. Newt and his 2.50 a gallon show how clueless he is, or worse how clueless he views the American public.

**onalandline** · Mar 06 2012, 07:08 AM

Originally Posted by Acharp

Where do you buy your gas from? Mobile, Sunoco, shell? Tell us all how giving them more access to oil which they already have too much of, reduces prices. Tell me exactly how his energy policy raises prices, how does it set the price in the global economy? Answer, it doesn't. If you want lower prices at the pump you advocate socialism. Newt and his 2.50 a gallon show how clueless he is, or worse how clueless he views the American public.

Then tell us why gas was around $1.80 when Obama took office, and is now around $4.00?

**Professor Peabody** · Mar 06 2012, 07:14 AM

Originally Posted by onalandline

Then tell us why gas was around $1.80 when Obama took office, and is now around $4.00?

I thought that was obvious, Obama's failed energy policies.

**WalterSobchak** · Mar 06 2012, 07:18 AM

Originally Posted by Acharp

Where do you buy your gas from? Mobile, Sunoco, shell? Tell us all how giving them more access to oil which they already have too much of, reduces prices. Tell me exactly how his energy policy raises prices, how does it set the price in the global economy? Answer, it doesn't. If you want lower prices at the pump you advocate socialism. Newt and his 2.50 a gallon show how clueless he is, or worse how clueless he views the American public.

You nailed it. It is comical to hear the neo-cons constantly (*)(*)(*)(*)(*) and moan about how they feel there is an evil Communist in the White House that wants to turn us into a Socialist Nation. Yet in the same breath, they want Obama to Socialize the Oil business.

Sometimes the hypocrisy here just floors me!

**Professor Peabody** · Mar 06 2012, 07:22 AM

Originally Posted by Acharp

Where do you buy your gas from? Mobile, Sunoco, shell? Tell us all how giving them more access to oil which they already have too much of, reduces prices. Tell me exactly how his energy policy raises prices, how does it set the price in the global economy? Answer, it doesn't. If you want lower prices at the pump you advocate socialism. Newt and his 2.50 a gallon show how clueless he is, or worse how clueless he views the American public.

I think they called it supply and demand in school. Were you absent that day in Economics class?

**Iriemon** · Mar 06 2012, 07:50 AM

Originally Posted by onalandline

Well, Obama certainly hasn't contributed to an increase in production. He has done the exact opposite. Any increase you see today, was set in motion in years past. If an increase in production will not help with prices, then someone is intentionally screwing with the market.

I agree that changes in policies can take years to implement.

So given that, why are you blaming Obama for higher gas prices when it is caused by Big Oil selling our refined gas to higher overseas bidders to maximize their profits?

**Iriemon** · Mar 06 2012, 07:52 AM

Originally Posted by Professor Peabody

I think they called it supply and demand in school. Were you absent that day in Economics class?

Sure Professor. We await your learned economic analysis of the fallacies in his post.

LOL

**Terrant** · Mar 06 2012, 08:38 AM

Originally Posted by onalandline

Then tell us why gas was around $1.80 when Obama took office, and is now around $4.00?

That is simple... the bottom fell out of the economy at that time and demand dropped sharply. I'm sure that a Congress full of Democrats threatening a windfall tax played a role. If anything, it was probably under-priced at the time. Right now, the drums of war and the perceived possibility that there is going to be a supply disruption is driving it.