Obama: Controlling Gas Prices and Creating Jobs

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About WonderGoon

WonderGoon is seeking enlightenment and questions everything.
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5 Responses to Obama: Controlling Gas Prices and Creating Jobs

  1. Skatha says:

    I don’t know what to think about any of this. I certainly have no ideas about how to lower gas prices. I mean other than what people clearly don’t want to do. I think the big oil companies already control gas prices, so I don’t know if someone else doing so would make a difference. But it’s not like my opinion matters anyway. The government does what it wants with or without my consent.

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  2. storydad says:

    Gas prices are heavily regulated by the government. In addition to the heavy regulation, the majority of the markup on gasoline is taxes—in most cases double or more than the profit the oil companies see. To lower gas prices you simply lower the taxes being charged on gas. It could go down fifty cents to a dollar per gallon on that alone.

    Gas prices are kept as low as they are partially because of those tax subsidies that Obama wants to get rid of. But then, his Energy advisor has already said he’d like to see gasoline go up to the rates that europe sees ($10+/Gallon) so that we would be forced to buy more fuel efficient cars. For politics sake, he has to talk a good game—but his actual plan is far different.

    Goon will no doubt want more citations, which I don’t have handy unfortunatly, but I’ll look through my old emails later to see if I still have some of the newsletters—but several years ago, I think during Bush Sr’s term, or possibly Clinton, permits were issued to begin drilling our own oil. Overnight the price of crude started dropping. Things have changed however. Rather than drilling our own oil, we are instead granting billions to south american countries for them to develop their own oil supplies—which they will no doubt sell to the same people buying their current supplies: China.

    I recently found out that in the early 90’s deposites of oil were found in the Northern United States that rival if not surpass the oil feilds of the middle east—but we are not being allowed to tap those resources. We have known reserves both in the Gulf of Mexico and up in the waters around Alaska—but we are not issuing any more permits for those resources. Congress essentially overrode the President on issuing permits, and the ones that got issued were under such restrictions as to make the permits basically a joke.

    If he wanted to lower gas prices, he could take steps to see it done, but he is refusing.

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    • WonderGoon says:

      Gas prices are heavily regulated by the government. In addition to the heavy regulation, the majority of the markup on gasoline is taxes—in most cases double or more than the profit the oil companies see.”

      According to this link, (which, in turn, quotes the Energy Information Administration (EIA), the taxes collected on each gallon of gas that is sold is 11% of the cost.

      According to the Energy Information Administration (EIA), however, which issues the “Official Energy Statistics from the U.S. Government” the average cost at the pump for a gallon of gasoline is broken down as follows:

      74% – Cost of the crude oil
      11% – Taxes
      10% – Refining costs
      5% – Distribution and marketing

      So, to say that “ the majority of the markup on gasoline is taxes—in most cases double or more than the profit the oil companies see” is provably false.

      To lower gas prices you simply lower the taxes being charged on gas. It could go down fifty cents to a dollar per gallon on that alone.”

      No, it would go down by $0.44 per gallon, assuming $4.00 a gallon in the first place and only if you removed all taxes on gas. The actual rate would depend on the actual tax rate, but it most certainly would not be “fifty cents to a dollar.”

      Gas prices are kept as low as they are partially because of those tax subsidies that Obama wants to get rid of.”

      Source?

      “But then, his Energy advisor has already said he’d like to see gasoline go up to the rates that europe sees ($10+/Gallon) so that we would be forced to buy more fuel efficient cars. For politics sake, he has to talk a good game—but his actual plan is far different.”

      Again, source?

      Goon will no doubt want more citations, which I don’t have handy unfortunatly, but I’ll look through my old emails later to see if I still have some of the newsletters—but several years ago, I think during Bush Sr’s term, or possibly Clinton, permits were issued to begin drilling our own oil.”

      Yes, having the facts at hand is probably the best thing for everyone, rather than talking points or sound bites. Or don’t you agree?

      Overnight the price of crude started dropping. Things have changed however. Rather than drilling our own oil, we are instead granting billions to south american countries for them to develop their own oil supplies—which they will no doubt sell to the same people buying their current supplies: China.

      I recently found out that in the early 90′s deposites of oil were found in the Northern United States that rival if not surpass the oil feilds of the middle east—but we are not being allowed to tap those resources. We have known reserves both in the Gulf of Mexico and up in the waters around Alaska—but we are not issuing any more permits for those resources. Congress essentially overrode the President on issuing permits, and the ones that got issued were under such restrictions as to make the permits basically a joke.

      If he wanted to lower gas prices, he could take steps to see it done, but he is refusing.

      Cite your sources, please.

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  3. storydad says:

    I get stuff like this in my Email all the time because I voted Republican a few years back and they just won’t stop sending it. Usually I just delete it along with the ads for penis enlargement, but we were just discussing this sort of thing:

    http://pajamasmedia.com/blog/gas-prices-are-high-because-the-liberals-want-it-that-way/?singlepage=true

    http://www.nationalreview.com/planet-gore/17568/we-have-only-ourselves-blame-4-gas/noel-sheppard

    These are about as hysterically right as some of the other stuff is hysterically left… but there it is.

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    • WonderGoon says:

      Thanks for the sources, but, as you say, they are hysterically right with obvious agendas in place. They are, therefore, suspect, at best. (Though they may provide material for a rebuttal).

      Thanks for the comments.

      Like

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