NY Times Survey Shows MAJORITY Believe Obama CAN Control Gas Prices. Do YOU?

He's the DAMN President people!
If he want to control the gas price, he can!

"He's the DAMN President people!
If he want to control the gas price, he can!"

- Wrong. Gas prices are set according to the global market. Obama doesn't control the oil industry/Markets. You guys need to get out more.

http://auto.howstuffworks.com/fuel-efficiency/fuel-consumption/gas-price.htm

http://www.investopedia.com/articles/economics/08/gas-prices.asp#axzz1p8CRylc7

http://www.nbcdfw.com/news/local/Q-How-Are-Gas-Prices-Determined-142634356.html

I like the way you guys deboost without even attempting to descredit the links that I posted. The truth must hurt. LOL!! You guys are funny.

only an idiot would believe that the US president could single-handedly control the world oil market. it's a MARKET people. it's governed by the laws of SUPPLY and DEMAND.

how exactly could the president control chinese demand or saudi arabia's control over capacity?

since he's the "DAMN president' could he also: make it rain? command global warming to stop? order the national debt to go away?

i didn't realize the US president had such god like powers. thanks for enlightening us all. you're a fucktard.

apparently i need to repeat:

only an idiot would believe that the US president could single-handedly control the world oil market. it's a MARKET people. it's governed by the laws of SUPPLY and DEMAND.

how exactly could the president control chinese demand or saudi arabia's control over capacity?

to think otherwise is simply to admit you're a simpleton.

well, this only confirms that you're an idiot with a 2nd grade education. talk to us after you have a grasp of basic economics....supply, demand, free markets, etc.

Bob, you sound like saying print more money and we will be able to afford it.

"He shut down Drilling in the Gulf and alaska, stopped Keystone Pipeline, and then claims it's out of his control. What a freak'n idiot as well as those who voted for this lying moron!"

- We can’t drill our way to prosperity. You need to stop repeating talking points and think for yourself for a change. And that Keystone Pipeline would have created all of 2000 jobs. I’m glad he refused to do the pipeline.

Also, More drilling is happening now under Obama than any other president. Stop falling for the BS.

"you truly are a liberal moron. And if anyone is using talking points it's you. you don't need more then a 5th grade education to understand supply and demand, but I understand for those like you who either are Unionized thugs or work for our ineffectual government, having to compete in this world is asking too much.

I refuse to waste any time arguing with such idiocy!"

- Was there a point in there somewhere? I can't find it. What is your agrgument? LOL!!

pondosinatra,

You (along with several other morons here) are living in a bubble. An area where facts are dismissed. Read the link below and educate yourself. The amount of sheer ignorance that you guys display is beyond amazing. And before you attempt to discredit it (which I know you will) please provide proof otherwise or STFU. This is too easy.

http://www.enviroknow.com/2011/05/15/oil-production-up-under-obama/

BobM/pondosinatra,

Explain to me how Obama controls gas prices. Please. I'd love to see you guys make fools out of yourselves. As if you guys haven't already done that.

"...We can’t drill our way to prosperity." (defends Pres. for not over-drilling)"

- I wasn't defending the president. How did you even come up with that?


"...Also, More drilling is happening now under Obama than any other president" (defends Pres. for excessive drilling)"

- There are tons of retards here that say that Obama has "preventing drilling". All I did was prove that viewpoint as being a crock of crap.

As if you've never been deboosted. LOL!!! Guess that's all you have left are insults. No valid points, just insults. Thanks for playing.

Armchair politics at its best!

If the damn government can't control the price of anything then who can?
But, we don't want a government that "controls" the gas price, we want a government that can LOWER the prices to what they should be.

Think of the real estate bubble, don't you think it was the government and banks that played the game together? It's the same thing here too!

When you're rich, you have to be friends with the politicians to smooth your business plans, and when you're a politician you make deals with the rich to give them what they want and get paid for the help. ;-)

It's very simple, but for when will this greediness ever end?? Our government and politicians have forgotten about the country long time ago!

how EXACTLY is the government going to control prices? we don't control the majority of the world's oil. saudi arabia is the ONLY country with spare capacity. and growth in chinese demand is driving prices up. please tell em EXACTLY what the US can do about these FACTS.

the only way the US could control prices is to RAISE them by taxing gas, diminishing US demand and potentially diminishing global prices. is this what you'd suggest the president do?

you seems to think the US controls the oil market? let's think about that...

* we don't control the majority of the world's oil. most of it lies in the middle east.

* we have ZERO excess capacity. in fact, saudi arabia is the ONLY country with excess supply.

* most of the world's oil IS NOT consumed by the US. though we do manage to suck up 25% of it.

* all the growth in DEMAND is coming not for the US but from china and other emerging economies.

so we have no control over supply and little control over demand besides our own. but someone, magically, against all reality, one guy can control the oil price?

PLEASE EXPLAIN EXACTLY HOW YOU TOTAL MORON.

It's important to remember that during the Bush presidency, the democrats and their allies in the media did everything they could to convince the public that high gas prices were the result of Bush and his ties with the oil companies. Of course, now that Obama is president and gas prices have doubled since he took office, democrats want to downplay any influence the president can have on gas prices. Can't have it both ways, though they will try and the media will certainly help them along. Remember, Obama handpicked as his energy secretary, Steven Chu, a guy who has publicly stated his desire to see U.S. gas prices reach European prices ($9 per gallon) so that people would be so hurt financially they'd have to abandon oil in favor of alternative energy. Obama has a lot of political capital (and billions in lost taxpayer dollars) invested in solar power so don't he's going to suddenly abandon his strategy of higher fossil fuel costs now.

Anyone who thinks that Obama can control gas prices is a stupid moron.

You must be one of those fools that think that Obama can control Gas prices. LOL!! Not surprised. You're incapable of independent thought and rely on Faux News to establish a viewpoint.

And while we're at it. Detail how Obama can control gas prices. I'd love to hear it. I've yet to see anyone here explain how Obama can control gas prices. Reason? Because he doesn't control gas prices and if you attempted to prove otherwise. You'll only end up making yourself look like a fool. Enjoy!!

So should I have voted for McCain/Palin instead? As if they never lied. Get a clue. And you still haven't explained how Obama controls gas prices. All you do is tap-dance around direct questions when you don't have an argument. I'll ask again HOW DOES OBAMA CONTROL GAS PRICES?

Well, there are a couple of ways that the federal government influences prices. The most direct way is with taxes, which as of the last EIA analysis of which I am aware was about 14% of the price at the pump (that is combined state and federal).

There is an impact which is passed through the cost chain related to regulations. And there are many; PHMSA, SARA Title III, EPCRA, EPA in the form of SPCC [40 CFR Sec 112] recently created GHG and UIC under certain curcumstances [although the EPA has delagated that authority to the states, they get invoved with Aquifer exemptions], BOEM (formerly MMS) etc, although the industry outside of the Gulf is most directly regulated by the states. I have not seen an analysis of what that cost actually is quantitatively.

The biggest manner in which the federal government can impact the prices of gasoline- through the- crude price is through behaviors which impact the value of the dollar- most notably monetization of debt and inflationary monetary policy (although technically monetary policy is the purview of the Federal reserve, but it is sort of a pseudogovernmental agency- as they are the issuer of bank notes; look at your dollar it says "federal reserve note", which really represents governmental debt). Anyway, crude is priced in U.S. dollars everywhere, so when the value of the dollar goes down, the price rises to cover the (local currency) costs incurred by oil companies without actually helping them financially. Marilyn vos Savant isn't wrong when she calls inflation a hidden tax.

What I am getting at is that the president himself has no direct contol of the price. Influence to some extent via policy? Yes. control? That is a joke. Frankly the power he weilds is insufficient in the face of the massive market and what is basically the most internationalized commodity (Coffee gives it a run for its money though).

One thing: The Federal government (not to be confused for the President)CAN control prices : by mandate. But nobody is insane enough to do that frankly. The Emergency Petroleum Allocation act of 1973- the last time that was done, and it was the last time there was an actual shortage of oil(economics definition of shortage btw- markets that are allowed to operate do NOT have shortages in the technical sense, as the price rises and knocks out demand. The market clears. No shortage. Shortages only occur when governments engage in price fixing.)

He might not be able to do much now - BUT... He could have done a lot over the last 3 years. Not have the prolonged moratorium on drilling, start drilling (safely) in ANWR. He could have approved the Keystone XL pipeline too. All these things would have increased our domestic supply of oil. Of course, now he says he cant do anything and to do anything would take 3-4 years. Well, that was said 3-4 years ago and 3-4 years before that. Obama is in lock-step with the radical environmentalists who would actually LOVE to see $9-12 per gallon.

Domestic Oil Production is Up 11% Under Obama and Was Down 15% Under Bush. What do you guys have against facts?


http://www.enviroknow.com/2011/05/15/oil-production-up-under-obama/

That has nothing to do with Obama.

So if drilling were down, would that have something to do with Obama? You can't have it both ways. The fact that drilling is up under his watch squashes the he is "preventing drilling" falsehood that I see prevalent here. Nice try.

Obama certainly has the ability to influence tax prices in a major way over the long term. Of course raising gasoline taxes and preventing drilling and pipelines will make pump prices more expenses.

Anyone who doesn't understand that must have had a pretty hard bump on the head as a child.

Bla bla bla bla... more fact less drivel.

http://www.enviroknow.com/2011/05/15/oil-production-up-under-obama/

this survey only shows that the majority of americans are complete morons with no understanding of basic economics and no grasp of world politics.

odumbo is doing everything in his liberal power to choke oil production and distribution. He is also working overtime to block permits for exploration and drilling. The only oil now flowing from new wells was permitted during Bush and Clinton years.

Now Cuba is drilling for oil within miles of the Florida coast and the U.S. does nothing thanks to odumbo's hate for oil.

odumbo loathing for oil corrupts his ability to think. He wants oil and gas so expensive, the public will stop driving. That's a fact. His peanut brain now envisions algea powering your scooters.

We already have pond scumb sleeping in the white house.

not sure why i bother arguing with these towering intellectual midgets....