That's the main reason you are so ignorant of the facts. You refuse to face them. What are you afraid of?
But the supply went down, due to Egypt and Libya. It's supply and demand, chief. That's the reason for the recent spike--the Arab Spring. And the reason gas has doubled is because the date you chose was at the bottom of George Bush's economic crash. People lost jobs and quit driving, there was an oil glut. Everything plummeted in 2008, but the economy has steadily recovered since then . . . and gas prices increased as consumption increased. Who says? The only thing keeping the manufacturers from ramping up production is lack of demand for them. If that changes, they will build them. It's electricity! There are electricians everywhere, man. And the hybrids will use gas, just not much of it. Gas stations and electrical power outlets are everywhere. It costs about $2.00 in electric power to charge the battery on todays cars. Prove it. What exactly has Obama done that ruins anybody in order to manipulate oil prices. Be specific. Oil prices have always been about supply and demand. Oil production has peaked and is steadily dropping. No matter who is President. Gas went up under Bush, too. Higher than today.
So how many people are now calling in sick or finding reasons to avoid driving to the workplace due to the cost of gasoline? I know of two school trips and a mission trip which were cancelled due to the gas prices. If you could total the loss of productivity...the loss of opportunities...the loss of volunteer hours...the loss of tax revenue (as price increase fear rises) and all the remaining positives lost due to inflated gas prices, I believe you would find the moratorium in the Gulf, insistence on funneling money to "green" projects, and not using our own natural resources will have a greater negative impact than the failed stimulus and bailouts.
Correct. Maybe it just seems like ten years ago. March 7, 2005 is the last time the weekly national average for regular unleaded was below $2 according to the DOE.
He has essentially shut down offshore drilling in the Gulf and refuses to even consider exploration/drilling anywhere else. He gives $2 Billion to Brazil so they can drill offshore and we can be their best customer...at their price. Also, he lets OPEC do whatever they want to without so much as a whimper. He is a phucking wimp and they know it. Shell had something like $8B in profits last quarter. Not a peep out of Obummer.
I have no love for the big corporations, but gotta love anytime they throw the government under the bus. I really enjoyed reading this article. ExxonMobil’s earnings: The real story you won’t hear in Washington | ExxonMobil's Perspectives Blog I am sure the US government's reaction will be something along the lines of calling Exxon the devil, and forming a committee to investigate some non-existent crime. Gotta love politicians.
this is correct. oil is speculative and the crippling actions of this administration work in direct conflict of increasing the supply. all you need to know is obamas energy secretarys comment in 2008 to know where they stand --“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” this pushes everyone toward the green holy ground of subsidized wind, solar, publically-funded mass transit and electric subsidized cars. this only happens if the gas prices go up just like the energy secretary chu stated clear as day. found this interview where chu was questioned on it recently. surprisingly he stayed the course: Energy Secretary Chu Embraces High Gas Prices, Again
