Democrats and high gas prices

Tchocky · 07-09-08, 09:25 AM

Quote:

Democrats have a commonsense plan to help bring down skyrocketing gas prices by cracking down on price gouging, rolling back the billions of dollars in taxpayer subsidies, tax breaks and royalty relief given to big oil and gas companies

Morons.

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Well it's been two whole years since they took over congress and no plan yet...

Actually, August, this article is from April 2006. So they hadn't taken over at that stage.

Regarding high gas prices, allow me to quote STEED

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Those days are long gone people time to knuckle down to hard cold facts.

August · 07-09-08, 09:26 AM

Quote:

Originally Posted by Tchocky

Quote:

Democrats have a commonsense plan to help bring down skyrocketing gas prices by cracking down on price gouging, rolling back the billions of dollars in taxpayer subsidies, tax breaks and royalty relief given to big oil and gas companies

Morons.

Quote:

Well it's been two whole years since they took over congress and no plan yet...

Actually, August, this article is from April 2006. So they hadn't taken over at that stage.

I stand corrected. ALMOST two years...

Tchocky · 07-09-08, 09:28 AM

Well, you know what they say about election promises

Although, when you think about it, the rise since OCTober 06 has been so large that they might have been successful, but a 5% drop isn't noticeable against a 20% rise.
I doubt that this is the case.

August · 07-09-08, 09:30 AM

Nah there's been no plan. No mention of legislation passed or bills making the rounds. They out and out lied, but what the hey it helped get them elected.

Tchocky · 07-09-08, 09:46 AM

Well, I know the Energy Independence Act raised fuel economy standards, which is a roundabout way of reducing real prices. As is improving efficiency in energy usage, means there's more to go around.
Then again, the press release is more a piece of politics than a plan, contradictory in the extreme. Also, the idea that a single government can reduce gas prices is ridicuous.
EDIT - As I look at it, a few of the things in the statement were parts of the ACt not enacted - Link

August, Skybird is correct. The idea of lots of oil just sitting off the coast, waiting to be sucked up, is misleading. Example. Remember that's 50 cents per barrel, not per gallon.

EDIT - Expanding the idea of offshore drilling, Dean Baker has run some numbers. 8 cents per gallon

Either party tells you they'll lower gas prices, they're lying.

August · 07-09-08, 10:13 AM

Quote:

Originally Posted by Tchocky

Well, I know the Energy Independence Act raised fuel economy standards, which is a roundabout way of reducing real prices. As is improving efficiency in energy usage, means there's more to go around.
Then again, the press release is more a piece of politics than a plan, contradictory in the extreme. Also, the idea that a single government can reduce gas prices is ridicuous.

August, Skybird is correct. The idea of lots of oil just sitting off the coast, waiting to be sucked up, is misleading. Example. Remember that's 50 cents per barrel, not per gallon.

Skybird isn't addressing the thread topic. I'm surprised he even replied to this thread seeing as he has me on ignore. but whatever, cost isn't everything. How about reducing or even eliminating our dependence on foreign oil, or is that not important any more?

Quote:

Either party tells you they'll lower gas prices, they're lying.

Maybe, maybe not. Increasing supply ought to bring down prices if my economics teacher knew what he was talking about. In any case we'd know for sure by now if we'd been able to drill for our own oil back in the late 1990's.

XabbaRus · 07-09-08, 10:23 AM

The price isn't really due to supply, more to speculation.

At the supply meets demand, exceeds it in fact. I doubt if the Saudis bump production up again it will have any affect.

My theory is that all these banks that used to lend each other money and stick it in property have now been sticking it in oil and the price is going up.

Frame57 · 07-09-08, 10:33 AM

I have heard these debates before. Like when the postage rates go up. Someone always compares the prices with other countries. America should not have to be compared with other countries and their economies. IMO it is not the oil companies that are at fault here. They get 9 cents or so out of every dollar. Who in hell gets the rest of that money? That is where the problem lies. Our own government is the problem and always will be until we the people have the brass to get rid of the corruption that pervades both parties. The pursuit of life, liberty and happiness cannot be acheived when greed and corruption is allowed in an office that is supposed to serve the people. Our Constitution itself allows for remedy of just such a situation, the question is, how do we act on it?

Skybird · 07-09-08, 09:39 AM

Gas prices in Germany are three times as high as in the US, so why aren't you guys stop whining.

If somebody thinks that starting offshore drilling at the american coasts again will have a real effect on gas prices, he better thinks twice. It is election propaganda only, and will help nothing substantial with the critical price niveau.

August · 07-09-08, 09:40 AM

Quote:

Originally Posted by Skybird

Gas prices in Germany are three times as high as in the US, so why aren't you guys stop whining.

If somebody thinks that starting offshore drilling at the american coasts again will have a real effect on gas prices, he better thinks twice. It is election propaganda only, and will help nothing substantial with the critical price niveau.

Gee thanks for your highly valued opinion Skybird.

07-09-08, 09:28 AM	#3
Tchocky Navy Seal Join Date: Jul 2004 Posts: 5,874 Downloads: 6 Uploads: 0	Well, you know what they say about election promises Although, when you think about it, the rise since OCTober 06 has been so large that they might have been successful, but a 5% drop isn't noticeable against a 20% rise. I doubt that this is the case. __________________ [SIGPIC][/SIGPIC]

07-09-08, 09:30 AM	#4
August Wayfaring Stranger Join Date: Apr 2005 Location: Massachusetts Posts: 23,198 Downloads: 0 Uploads: 0	Nah there's been no plan. No mention of legislation passed or bills making the rounds. They out and out lied, but what the hey it helped get them elected. __________________ Flanked by life and the funeral pyre. Putting on a show for you to see.

07-09-08, 09:46 AM	#5
Tchocky Navy Seal Join Date: Jul 2004 Posts: 5,874 Downloads: 6 Uploads: 0	Well, I know the Energy Independence Act raised fuel economy standards, which is a roundabout way of reducing real prices. As is improving efficiency in energy usage, means there's more to go around. Then again, the press release is more a piece of politics than a plan, contradictory in the extreme. Also, the idea that a single government can reduce gas prices is ridicuous. EDIT - As I look at it, a few of the things in the statement were parts of the ACt not enacted - Link August, Skybird is correct. The idea of lots of oil just sitting off the coast, waiting to be sucked up, is misleading. Example. Remember that's 50 cents per barrel, not per gallon. EDIT - Expanding the idea of offshore drilling, Dean Baker has run some numbers. 8 cents per gallon Either party tells you they'll lower gas prices, they're lying. __________________ [SIGPIC][/SIGPIC] Last edited by Tchocky; 07-09-08 at 10:08 AM.

07-09-08, 10:23 AM	#7
XabbaRus Navy Seal Join Date: Sep 2001 Posts: 5,330 Downloads: 5 Uploads: 0	The price isn't really due to supply, more to speculation. At the supply meets demand, exceeds it in fact. I doubt if the Saudis bump production up again it will have any affect. My theory is that all these banks that used to lend each other money and stick it in property have now been sticking it in oil and the price is going up. __________________

07-09-08, 09:39 AM	#9
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,629 Downloads: 10 Uploads: 0	Gas prices in Germany are three times as high as in the US, so why aren't you guys stop whining. If somebody thinks that starting offshore drilling at the american coasts again will have a real effect on gas prices, he better thinks twice. It is election propaganda only, and will help nothing substantial with the critical price niveau. __________________ If you feel nuts, consult an expert.

07-09-08, 10:33 AM	#8
Frame57 Sea Lord Join Date: May 2008 Location: 1300 feet on the crapper Posts: 1,860 Downloads: 2 Uploads: 0	I have heard these debates before. Like when the postage rates go up. Someone always compares the prices with other countries. America should not have to be compared with other countries and their economies. IMO it is not the oil companies that are at fault here. They get 9 cents or so out of every dollar. Who in hell gets the rest of that money? That is where the problem lies. Our own government is the problem and always will be until we the people have the brass to get rid of the corruption that pervades both parties. The pursuit of life, liberty and happiness cannot be acheived when greed and corruption is allowed in an office that is supposed to serve the people. Our Constitution itself allows for remedy of just such a situation, the question is, how do we act on it?