Obama Leading the Wrong Direction on Gas Prices

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Chauffered for the rest of his life,
Obama wants the price of gas
To rise high, no matter the strife.
He wants the transit to be mass.
High speed trains are Obama's pet.
Oil trains need can come from Brazil,
Pandering for votes is the bet,
Whenever Obama says, "Drill."
Americans, each with a car,
Is capitalist pig gone wild.
Obama's got a choo choo czar
To make us more Euro track styled.
The Prez, unsaid on his campaign,
"Go to hell on a high speed train."

Ima Ryma of IL 4:02AM May 18, 2011

Where are your sources ? I seen none. Nor “ ”’s either in your comment.
Lower value of $$$ raises price of gas. Libya raises cost of gas. No oil production in Gulf does same thing.
The worse company in Gulf was waved regulations in Gulf lead to leak. But BP did support barry in campaign.
Commodities exchange has a real price not make believe numbers.
What connection does Wall Street have to Federal Reserve that makes Fed bias ? Did you read the link to find out why Feds said what they said ? Sounds like you did not !!!

Bill Hedges of MO 11:32PM May 17, 2011

Actually the premise (definition of premise: A proposition upon which an argument is based or from which a conclusion is drawn) is:
And I quote the premise from the article:
Following the infamous Gulf oil spill, the Obama administration took steps to block any additional oil and gas development in the Gulf of Mexico. In what should come as a surprise to no one, this was followed by a dramatic increase in energy prices, particularly gas.
I wrote 'oil supply' but meant 'oil spill' and obviously I also meant 'all of the actions that followed the oil spill such as the moratorium on exploration'. (the last quote unquote was me quoting myself),
Regarding the 'explain this away' argument referencing the Federal Reserve. That's like asking the parks and recreation department what's wrong with the air conditioning at city hall. Bernanke's office has nothing to do with commodities. He is allowing the market to be flooded with money that's going straight to commodities. If you want to someone to reference, try Schork or Bart Chilton of the CFTC. Or how Tillerson who said before Congress that oil should be at 60$/barrel.
And to Mr P, I repeat my argument, the commodities exchange is no reflection of true supply or demand. Tillerson said 60$/barrel, the commodities exchange has been saying 100-115$/barrel, ergo a 50$ difference between actually supply and demand and 'papper barrel'.
Thanks to my detractors for making me look so good by taking down your arguments, next time, be sure to check your sources and do better research.

verysoreloser of FL 11:07PM May 17, 2011

Our # 1 supplier of oil comes from Canada. Guess where they get a lot of their oil ?
Guess who owns much of the land oil shale is on ? Country that is broke. Could use the profits from oil.

Bill Hedges of MO 6:24PM May 17, 2011

I've had that thought for over 30 years , from back during Carters gas line days , I've always thought absurd , may-be not . May-be that's really why we have a Dept. of Energy , use theirs first and save ours . I like you adding wheat and other goodies too .
As a side note , I worked 3 months in Barrow Ak , an eskimo village on the Arctic ocean , 28 miles ofroad and they all dead ended at the tundra . They took their sewage and dumped it in a hole in the ice a stones throw from the ocean , all of their household garbage and other waste went into another hole in the ice , a stones throw from the ocean . And we can't drill .
Don't forget all you " tax the oil company " people , Shell just spent over 5 billion on research and development up there and 5 years to be told , no can do . Taxes and costs of doing business ends up comming out of the consumers pocket .
If our schools and universities are producing such smart ass people we should and better be able to produce coal , oil and gas cleanly or close them down ..

Hunter of WI 4:57PM May 17, 2011

The premise of this article is NOt that the BP spill caused the spike in gasoline prices. It is the actions of the Obama Administration in response to the BP oil spill that is major cause of the spike in gasoline prices. The Obama Administration acted in ways to reduce the supplies of available crude oil. Lessen the supply of anything in demand and the price goes up. That's Economics 101.

P 4:01PM May 17, 2011

That stopped oil exploration in Gulf.
Why did barry WAIVE regulations for BP, the company with the WORSE record in the Gulf ? Was it fact BP's number # person to receive their political donations was barry ?
_____
WHAT DID YOU SAY ABOUT SPECULATORS ??? Explain this away.
"Federal Reserve studies find that speculators are not causing gas prices to rise"
http://winteryknight.wordpress.com/2011/04/25/federal-reserve-studies-find-that-speculators-are-not-causing-gas-prices-to-rise/

Bill Hedges of MO 4:00PM May 17, 2011

Ha ha. The premise of this article is that the BP oil supply caused the gas price hike.
Speculators are breathing a sigh of relief knowing that their dirty deeds are being covered up by articles like this. There is no gas/oil shortage nor has there been for awhile. Oil/gas futures investor riffraff has entered the commodities at a blistering pace, way way beyond reason.
These commodity exchanges were created for industry energy users to be able to plan their future expenses by purchasing future rights to oil at a set price. However now a new group has entered this market for the sole purpose of investing/making a dollar. These investors have totally drowned out the users of the commodities, twisting the exchanges into a pseudo stock market where decisions are made based on sentiment, charts, theories, dart boards, etc, rather than physical supply. They don't take delivery, just buy and sell.
At least Obama pointed the finger at the true source of the issue, while the rest of the politicians GOP and Demos are just demagoguing.
Until this issue is resolved, no general economic recovery, housing, jobs, or otherwise.

verysoreloser of FL 3:21PM May 17, 2011

I've got a different take on pushing ptoduction of US oil supplies:
Don't.
How 'bout instead we suck all the other suppliers dry first, especially those in the Middle East, and others like Venezuela, until we are the only ones left with viable stocks to exploit.
When we get to that point, our leverage over those a$$holes will be a sight to behold.
Want wheat? OK, sure. The price is 50 times normal.
Want water? Can't have it.
Want anything from us? It's gonna cost.
Big time.
No. Let's keep what we can of our oil safe and secure in the ground until the rest of the world runs out.

junior of DC 3:08PM May 17, 2011