Obama Is to Blame for Soaring Gas Prices

while agree,in part,to what mr. roff and the other posters,say there is another reason for a large part of the problem.all the different "boutique blends"that the refineries must produce to meet different state and federal mandates.

there are something in the neighborhood of sixteen different blends that are made.

these change overs ad to the cost and lost production time.in my humble opinion the number of blends could be reduced by maybe half,without having any serious environmental impact.

this does not mean that there are not other"factors" that cause these price spikes.

just a thought.

bruce b of NV 12:48AM March 11, 2011

That's what the energy dept. says gas will cost us .

Are we as Americans really this stupid ? I can't believe it , you people must be . Fall for the green crap BS see what we get , screwed . Don't drill here , send billions overseas , employ them not us , bitch about the deficit , buy electric cars ( with no power system ) , is it just me or is everything really this upside down and people really this gullable and stupid ?

I mean like what the hey AMERICA , WAKE UP !!! Y'all been taken for a ride , to bad you drug alot of us with you ( thanks Al Gore and minions ).

Hunter of WI 7:22PM March 10, 2011

Mr Roff is absolutely correct. And anyone with an understanding of Economics could have told Obama and those halting production and exploration and Nuclear plant construction here at home, that this was going to happen; and in-fact many Did tell them. But they were to busy carrying the water for their Envioro/Progressive base to concern themselves with 'We the People' and acting in the best interest of the nation as a whole.

There is a simply economic reality those who stall the construction of Muclear power plants and refuse to open the oil and gas fields like ANWAR and the Destin Dome ignore at our cost. That simple reality is that Price is Set at the Margin, and thats been true from the time when men were trading rocks.

Here is how it works. When there is a small increase or decrease in the supply of a commodity where those dependent upon that commodity can change their needs quickly, any small change in supply will have a much greater effect upon the change in price, up or down. This 'Marginal Multiplier' is generally about 3-5 times the change in percentage of supply for common goods like flour, Sugar or Cotton. But for Oil, well it is many times that. For Oil this Multiplier effect can be ten times as high, and you are seeing it now, and have seen it in the past. This is what has caused a small @1-2% change in supply to translate into a 50+% increase in price... an increase 25 to 30 Times the change in Supply! the Happy side of this equation is that it works Both ways.

So consider what would have happened, and where wee would be if the energy supply in the US was increased 8-10 % thru domestic production. Something that is a realistic option if we used the resources we have...but dont because of politics.

I remember the Odd-Even days, the lines and the inflation and cost of the oil shortages in the 70's, and we are heading there again. Hell, even Jimmy Carter got it. That's why he sat aside ANWAR for drilling and production and started the Alaska Pipeline. He understood the fundamentals, and he understood wishes don't heat homes or get people to work.

Its past time those in Washington pulled their heads out of where ever they are hiding them, and started paying more attention to reality, and pay a lot less attention to special interests. Facts Do matter. We need to put our best foot forward...this is no time for Politics as usual.

Patrick of FL 6:56PM March 10, 2011

From a CNBC Interview See this amazing quote.

Barack Obama: I think that… we have been slow to move in a better direction when it comes to energy usage. And the president, frankly, hasn’t had an energy policy.* And as a consequence we’ve been consuming energy as if it’s infinite. We now know that our demand is badly outstripping supply with China and India growing as rapidly as they are.

I am an engineer so I apologize for this but energy is basically infinite as physics teaches us ….. E=mC^2. All mass is energy, this is the basis for chemical and nuclear reactions. I did the calcs which I won’t bore you with but the sun would burn out over 10 billion of times over before we consume the energy we are standing on. That doesn’t include the outside sources of energy.

CNBC’s John Harwood: So could the (high) oil prices help us?

Barack Obama: I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing. But if we take some steps right now to help people make the adjustment, first of all by putting more money in their pockets, but also by encouraging the market to adapt to these new circumstances more rapidly, particularly U.S. automakers…

I would have preferred a gradual adjustment. What the heck is this insanity? The huge burden on our economy is causing people to loose their houses and cars. Sales in recreational products have plummeted (wait until the news comes out next month) and all he cares about is government control and the possibility of future global warming based entirely on shaky simplistic computer models.

How the hell is half of America ready to vote for this insanity?

I have decided that I am going to set up a page on my blog with links to global warming resources to help people find the information they need to make an informed decision.

Even if the global warming alarmists are right (which the data doesn’t support), the rest of the world is expanding their usage of CO2 emitting technologies at an unstoppable pace. America cannot stop it with todays technology. The only chance for the environmentalist wackos to really achieve their stated goals is to keep energy cheap and allow the investment in research to continue. If they kill the US economy they are shooting themselves in the foot.

Eventually people will move away from oil and gas there will be no choice, but it doesn’t need to be now, give us 200 years or so and see where we are.

Ignorance is our most expensive commodity.

If Obama would get on national TV and state that he has directed his Energy Sec to issue drilling permits, off and on shore, would instantly have an effect on old prices. Supply and demand is perhaps one of the most fundamental concepts of economics, hello. And don't give me this crap about how long it would take, oil is sold and traded in FUTURES.

Larry of CA 5:54PM March 10, 2011