Posts Tagged ‘Rising Gas Prices’

Interior Secretary crushes any hope we might have had of Harry Potter bringing down gas prices

by Doug Powers on Thursday, April 26th, 2012

This is article 176 of 262 in the topic energy

The eco-Dumbledores in the current administration have magical powers when it comes to increasing prices, but when it comes to lowering them they act as if they have fewer options than Dobby in a big & tall shop.

From CNS News:

“Not even Harry Potter” can bring down rising gas prices and nobody knows when they will stop rising, Interior Secretary Ken Salazar said Tuesday.

“No one has the ability – not even Harry Potter – to simply wave a magic wand and say that we’re going to have gas prices at $2 or $2.50 or $3. It just doesn’t work that way,” said Salazar, whose department controls oil and gas drilling on federal lands.

The comments came after a speech at the National Press Club in Washington, D.C., on energy issues.

Salazar said prices are set by “global economics.” On that point, here’s David Harsanyi at Human Events:

This is true. Then again, erecting roadblocks to domestic production is part of the global economic picture. And Ken Salazar has done exemplary work in that regard.

Indeed. Or in language more fitting to Mr. Salazar’s theme, his department serves as Bludgers in U.S. economy’s game of Quidditch.

Video from the Daily Caller:

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Obama Approval Numbers Crash Amid Surge in Gas Prices

by Donald Douglas on Wednesday, March 14th, 2012

This is article 604 of 1300 in the topic 2012 Elections

Well, finally, something in the news not rolling in favor of the Obama-commies in Washington.

At WaPo, “Gas prices sink Obama’s ratings on economy, bring parity to race for White House“:

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Disapproval of President Obama’s handling of the economy is heading higher — alongside gasoline prices — as a record number of Americans now give the president “strongly” negative reviews on the 2012 presidential campaign’s most important issue, according to a new Washington Post-ABC News poll.

Increasingly pessimistic views of Obama’s performance on the economy — and on the federal budget deficit — come despite a steadily brightening employment picture and other signs of economic improvement, and they highlight the political sensitivity of rising gas prices.

The potential political con­sequences are clear, with the ­rising public disapproval reversing some of the gains the president had made in hypothetical general-election matchups against possible Republican rivals for the White House. Former Massachusetts governor Mitt Romney and former senator Rick Santorum (Pa.) now both run about evenly with Obama. The findings come just five weeks after Obama appeared to be getting a boost from the improving economy.

Gas prices are a main culprit: Nearly two-thirds of Americans say they disapprove of the way the president is handling the situation at the pump, where rising prices have already hit hard. Just 26 percent approve of his work on the issue, his lowest rating in the poll. Most Americans say higher prices are already taking a toll on family finances, and nearly half say they think that prices will continue to rise, and stay high.

Sixty-five percent disapprove of Obama’s handling of the economy at the Washington Post poll, and there’s more bad news at the New York Times, “Obama’s Rating Falls as Poll Reflects Volatility.” (Via Memeorandum.)

BONUS: At Doug Ross, “‘Are We Better Off Than We Were 4 Years Ago? Uh, No’.”

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Obama Approval Hits New Low — Turns Out Women Buy Gas Too

by Doug Powers on Tuesday, March 13th, 2012

This is article 534 of 986 in the topic Obama

Team Obama & Company have been going all out hammer-down with the “Republican war on women” demagoguery. But that’s an invented controversy that won’t stick in the long term, and it looks like it isn’t even resonating in the short term:

President Obama’s approval rating has hit the lowest level ever in CBS News polling, according to the latest CBS News/New York Times survey. The drop may be partially attributable to rising gas prices.

Just 41 percent of Americans approve of the job Mr. Obama is doing as president, according to the poll, conducted from March 7 to 11. Another 47 percent disapprove of his performance, up from 41 percent last month.

Mr. Obama’s approval rating was 50 percent last month.

Watch for a revised and broadened strategy from the Dems: Insurance companies must pay for a woman’s gasoline provided she’s driving to pick up her free contraceptives.

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Nancy Pelosi Suggests Possible Way to Lower Gas Price: Feign Tapping Strategic Petroleum Reserve to Fool Speculators

by Doug Powers on Sunday, March 4th, 2012

Gas prices continue to rise, the election is only eight months away, and there are almost 700 million barrels of sweet and sour crude in the US Strategic Petroleum Reserve. Some Democrats have already called for the SPR to be tapped like a keg of Guinness at a frat party, Nancy Pelosi among them. Pelosi believes that tapping the reserve might be necessary in order to lower gas prices in an election year in a last-ditch effort to win back the gavel help boost the economy, but she also seems to believe that merely bluffing about tapping the reserve could do the trick:

House Minority Leader Nancy Pelosi (D-Calif.) on Thursday endorsed tapping the Strategic Petroleum Reserve to combat rising gas prices – breaking ranks with her top deputy in the House, who is wary of the idea.

Pelosi said that using the oil reserve was her “personal favorite” short-term fix to not only lower gas prices but also send a message to speculators in the oil markets, whom Pelosi blamed for the increasing costs. The oil reserve, Pelosi said, needs to be “prominently on the table.”

“Every time oil has been diverted or taken from the [Strategic Petroleum Reserve] — one or the other or both — the price at the pump has gone down,” she told reporters. “But even if you don’t subscribe to that, that at least puts a question mark to the speculators that you might do this.”

For some reason I’m reminded of last April when the Obama administration formed a task force to root out those who try to artificially manipulate oil markets. Where are they?

Look for Pelosi to launch her petroleum reserve head-fake to speculators by first claiming “we have to tap it so we can find out what’s in it.”

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Congressional Dems getting worried about high gas prices

by John Lott on Thursday, March 1st, 2012

This is article 141 of 262 in the topic energy

From The Hill newspaper:

Congressional Democrats are ramping up pressure on President Obama to tap the Strategic Petroleum Reserve (SPR) to prevent rising gas prices from threatening the economy and their election-year prospects.

They are growing anxious that the price of fuel could reverse their political fortunes, which had been improving due to signs of growth in the economy.

Republicans have hammered Democrats on the price spike, repeatedly noting that gas prices — now at $3.72 per gallon for regular — have doubled since Obama won the White House. . . .

John Stossel has this piece responding to the claims about monopoly power by oil companies driving up the price.

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Meet the Republican’s Best Candidate

by Kevin A. Lehmann on Wednesday, February 29th, 2012

This is article 578 of 1300 in the topic 2012 Elections

If the Michigan and Arizona primaries proved anything, they proved that the only saving grace for the GOP is rising gas prices at the pump.

Sure Romney eeked out another win, but let’s be real, a 3% victory over his latest rival, Rick Santorum, in his home state of Michigan — a state in which his father was a revered governor, a state that he and his wife grew up in and a state where the trees are just the right height — can hardly be called a victory. In fact, when all the precincts are counted, Santorum stands to win more delegates in Michigan than Mitt.

It was a bitter sweet victory to be sure — bitter in that Romney was fourth on your list of prom dates and, although the highlight of your evening will be watching the reflections on the wall from the spinning disco ball, at least you know you’ll make it back home a sober virgin.

The fact of the matter is, most conservatives and republicans still don’t want Romney. His support is a mile wide and an inch deep. He’s the GOP’s Kaopectate, Nyquil, apple cider vinegar — a stopgap measure when you’re completely out of Rolaids — of the GOP field. Mitt Romney is to conservatives what Curly was to Moe . . . a pain in the ass, but a necessary ally.

And like a good Timex, Mitt Romney takes a lickin’ and keeps on tickin.” Of course it helps when your chief opponent (who only last week was in the catbird’s seat) shoe-bombed his own candidacy by claiming JFK’s 1960 speech on the separation of church and state made him want to “throw up.” The Catholic contraception issue notwithstanding, Santorum also characterized Satan as a literal figure that’s currently attacking the moral rectitude of the United States.

Personally, I give Santorum a pass on that and his bonehead comment on JFK only because I know where he was coming from. I like the fact that he stands on his principles even if he doesn’t always articulate them in a way that most Americans can understand.

The problem with Romney is his platform. His entire presidential mantra from the very beginning has been “It’s the economy stupid.” He casts himself as the outsider, the non-Washington establishment candidate, the guy who fixed flailing companies and of all things, the Olympics. “I can fix our economy!” has become the staple of his stump speeches. Outside of that, he has no platform.

Houston, we have a problem!

If you haven’t noticed, all the leading indicators are pointing to a gradual economic recovery, albeit an anemic one. Granted, it’s based on figures and statistics that are completely outdated and don’t take into consideration many factors that clearly buttresses the president’s claims. But since most Americans know economics about as well as they do rocket science, they’ll buy into the ruse hook, line and sinker.

But there’s one place Obama can’t fool the American public . . . at the gas pump! If there is one thing Americans will vote on more than any other issue, it’s their pocket book. Who’s the stronger candidate: Barack Obama or $145.00 a barrel oil? I rest my case.

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Warren Buffett: Rising Gas Prices Won’t Derail Economic Recovery

by Doug Powers on Tuesday, February 28th, 2012

This morning I filled up the gas tank, and my wallet thought it got hooked up to a 100 horsepower electric cow milker, but it’s good to know that the extra pain isn’t standing in the way of an economic recovery. At least not according to Warren Buffett.

From The Hill:

Billionaire investor Warren Buffett expressed confidence Monday that surging oil and gasoline prices won’t halt the country’s economic recovery.

“They’re a minus, but I don’t see them stopping things,” Buffett said on CNBC.
[...]
“I’d rather have them a lot lower,” said Buffett, a supporter of President Obama. But he then added: “I do not think it will derail what has been going on now for almost three years, two and a half years — we have had a steady recovery.”

Remember though, sometimes even Buffett’s predictions are off base. It’s just that most people don’t have the luxury of his margin of error.

Some Democrats aren’t as convinced as Buffett. They’re not yet saying “drill, baby drill,” but they are on the verge of summoning its baby brother, “tap, baby tap.” As for me, I’ve stopped cleaning the fish tank so as to have a head start on a fuel stockpile for whenever the new algae powered cars come out.
*****

Passing thought: How about a “Buffett Rule” for gas? The idea would be that people like Warren Buffett pay substantially more at the pump so the rest of us can pay less, or even nothing at all. As it stands right now, somebody who makes $50 million a year pays $4 a gallon, and somebody who makes $30,000 a year also pays $4 a gallon. That’s just not fair to Buffett’s secretary.

To make it fair, the former should be paying about $8,500 a gallon for gas, and the latter nothing. Whaddaya say, Mr. Buffett? …Mr. Buffett?

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Obama to Speak About Gas Prices Thursday

by Doug Powers on Wednesday, February 22nd, 2012

This is article 55 of 74 in the topic Oil Industry/OPEC

Unless President Obama opens Thursday’s gas prices address by announcing he’s going to put a Master Lock on the door of the EPA’s offices (better chance Team Biden will win a geographic spelling bee in Road Island), I’ll be skeptical about any other suggested solutions:

President Barack Obama plans to step into the political debate over rising gasoline prices on Thursday, when he kicks off the first of a series of events focused on his energy plans, senior administration officials said.

During an event at the University of Miami, Mr. Obama will discuss the steps the country can take to tackle what the White House sees as an annual cycle of spikes in gas prices, the officials said. At the same time, these officials, who briefed reporters Tuesday on the president’s plans, acknowledged that there is almost nothing the president can do in the near term to lower gas prices.

But rising gas prices are a threat to the president as he runs for re-election this year. It’s one of the issues of chief concern to Mr. Obama’s political advisers and has become the subject of criticism of Mr. Obama on the campaign trail.

Mr. Obama’s speech Thursday will call for a diverse energy plan and lay out his efforts to boost domestic production of oil and gas.

To save you some time, here’s Obama’s gas price speech in about 50 words: “Payroll tax cut to help families cover the rising fuel cost that’s a sign of economic recovery. Increase domestic energy output tempered by environmental sensitivity. No quick fixes. Buy Chevy Volts. Republicans playing politics. Remember global warming. More clean energy initiatives. Trade in your gas guzzler. Trouble with Iran.”

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Dana Perino: Media Blamed Bush for High Gas Prices But Gives Obama a Pass

by Doug Powers on Wednesday, February 22nd, 2012

This is article 131 of 262 in the topic energy

Former Bush Press Secretary Dana Perino has noticed the press handling their duties differently when it comes to reporting high gas prices. This isn’t surprising. Back when it was clear the MSM was in the tank for Obama, there was no reason to assume that wouldn’t also include the gas tank:

“Do you see a complete difference in the way we’re looking at it now?” anchor Gretchen Carlson asked Perino.

“Sure, because if you look at that commentary, the gas prices we’re dealing with now have been more gradual. When it’s more — when it happens over a month or two-month long period — that hurts more. Families adjust when it’s gradual. All of a sudden the media is talking about the laws of supply and demand and putting things in context. When President Bush was President, they talked about oil speculators. Who were friends of President Bush? They would put it together like that.”

Perino criticized The New York Times for pushing the narrative as Gas Prices Give Republicans Something To Attack, rather than framing it as Obama’s problem. “The GOP is now going to attack him!” Perino exclaimed. “This good man who has done nothing wrong!”

Duelin’ headlines:

NYT March 2011 ($3.57 a gallon): US better prepared for rising gas costs

NYT August 2005 ($2.55 a gallon): Economy shows signs of strain from oil prices

*****Another example can be found in this CNN piece from last year:

Washington (CNN) – President Barack Obama confronted two political realities this week:

– Rising gas prices are bad for a politician’s poll numbers

– There is almost nothing a politician can do about it, at least in the short run.

Compare that to this CNN article from mid-2008 entitled “President, Congress offer no immediate help on gas prices”:

“A lot of Americans are concerned about our economy,” Bush said. “I can understand why. Gasoline prices are high, energy prices are high. I do remind them that we have put a stimulus package forward that is expected to help boost the economy. And of course, we’ll be monitoring the situation.”

Americans are looking for more action, though, than monitoring the situation.

No mention back then that there’s almost nothing a politician can do about gas prices in the short run?

In 2008, ABC News reported that Bush was “in the dark” about gas prices:

While I’ve found plenty of ABC articles about high has prices hurting Obama’s approval rating, I’ve yet to run across one that flat out calls him clueless or implies that he just doesn’t care.

According to Newsbusters, network newscasts linked Bush to “skyrocketing” gas prices 15 times more than Obama.

But it wasn’t just the media. Here’s then Speaker Pelosi during the Bush presidency when gas prices got to be over $3 a gallon. Back then it was the fault of reckless administration policies from those two oil men in the White House:

Dana Perino: Media Blamed Bush for High Gas Prices But Gives Obama a Pass

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By Doug Powers  •  February 20, 2012 01:36 PM

**Written by Doug Powers

Former Bush Press Secretary Dana Perino has noticed the press handling their duties differently when it comes to reporting high gas prices. This isn’t surprising.

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Obama: Rising Gas Prices Means the Economy is Strengthening

by Doug Powers on Wednesday, February 15th, 2012

This is article 129 of 262 in the topic energy

Wrong. Rising gas prices mean we’re not drilling and refining our own oil. Rising gas prices means the EPA is kneecapping any efforts at American energy independence. Rising gas prices means the administration isn’t pursuing domestic oil initiatives because they’re convinced they can force everyone to buy Volts and solar panels.

And finally, rising gas prices means we have a president who said in 2008 that high gas prices are a good thing and as such has designed his economic policy to do nothing more than enrich political cronies at the expense of consumers:


*****

Obama likes to blame “demand” when referring to high gas prices, but he conveniently skirts the other side of that same economic coin because he can do something about it but refuses: Supply.

Remember, this tripe is from the same people who brought you “food stamps stimulate the economy” and “extending unemployment will help keep the unemployment rate down.”

When Bush was in office, I don’t recall Democrats saying rising gas prices were a sign of an improving economy, do you? Back then it was because of those two oil men in the White House.

Update: The reason why Obama has no choice but to try to make people believe rising gas prices means the economy is turning around is because he knows gas prices are going to rise a lot more. How many voters will be dumb enough to believe Obama? Hopefully not enough to re-elect him.

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