OBOMINATION: Gas Price Record Worsens: 1,245 Days Above $3 a Gallon...

[Vigilante]

Food & Gas Prices are soaring. So tell me again how the Dear Leader is saving the World?


Memorial Day weekend drivers will continue to take a hit as gasoline prices remain high.

May 20 marks the 1,245th straight day that the national average for a gallon of regular gasoline costs more than $3 a gallon, according to AAA data. That's nearly three-and-a-half years above $3 a gallon.

USA Today reported last September that, for the first time ever, gas prices had been higher than $3 a gallon for 1,000 consecutive days - beginning Dec. 23, 2010, through Sept. 17, 2013. Unfortunately, that awful record streak of sustained highs has not been broken. Gas prices dipped in the fall, down to $3.179 (Nov. 12), but surged again.

The national average on May 20, 2014, for regular gas was $3.642 a gallon, slightly less than the $3.653 a gallon average one year earlier.

On May 18, USA Today turned to the issue of gas prices again writing that "rumors about the demise of U.S. gasoline demand have been greatly exaggerated." Javier E. David of CNBC wrote for USA Today that international factors were keeping prices high and "defied the gravitational pull" of factors "that should blunt demand."

AAA's Memorial Day forecast predicted 31.8 million people will be driving over the holiday and that gas prices will be "relatively similar" to where they were Memorial Day 2013.

ABC, CBS and NBC morning and evening news shows haven't spent much time on gas prices, lately. A Nexis search yielded only 11 stories mentioning what was going on with gas prices in the past three months.

Gas Price Record Worsens: 1,245 Days above $3 a Gallon | CNS News
DRUDGE REPORT 2014®

I miss the days when righties insisted the president has nothing to do with gas prices. Of course, we had a rightie president at the time they insisted that.

But Pawn, Pelosi blamed Bush in 2008! She insisted HE could make it change! Did she LIE????

[ame="http://www.youtube.com/watch?v=jdq0nN_JLtU"]Gas Prices & Foreign Policy Blame in '08 & '11 - YouTube[/ame]

 

[Wildman]

Why isn't ice cream 5 cents anymore goddammit!!!

Thanks Obummer!!!

why aren't people like you held in asylums anymore ?

 

[RoshawnMarkwees]

OBOMINATION: Gas Price Record Worsens: 1,245 Days Above $3 a Gallon...

What does it say about the cons on this forum that support big oil greed? Being proud of being stupid and greedy, is not christian attributes, no matter what bullshit they try to justify it.

Hangover, you need a drink. Big oil greed doesn't jibe with the 75% drop in costs for oil and gasoline between summer 2008 and winter 2008.

 

[Mr. H.]

OBOMINATION: Gas Price Record Worsens: 1,245 Days Above $3 a Gallon...

What does it say about the cons on this forum that support big oil greed? Being proud of being stupid and greedy, is not christian attributes, no matter what bullshit they try to justify it.

Hangover, you need a drink. Big oil greed doesn't jibe with the 75% drop in costs for oil and gasoline between summer 2008 and winter 2008.

"Big Oil" has a very minor footprint in the realm of U.S. operations. It is the "Independent" who carries the load.

School up, bitches.

 

[Faun]

This Kenyan interloper hack president's energy policy of reimposing drilling moratoriums offshore and on any federal land has impacted potential global oil supply and that is what drove the price of oil up directly upon his immaculation.
Moratoriums that were reversed in summer 2008 and allowed to expire September 2008 dropped oil and subsequently energy costs across the board. Gasoline was in the $1.35 range through much of the middle of the country as late as Jan 11, 2009.
Obama reimposed those restrictions and that cost increase has rippled through costs for all consumer goods and our economy has been deprived of over a trillion dollars annually ever since.
Incarcerate Obama and send him to GITMO.

Here on planet Reality, petroleum of crude oil is up under Obama to the highest its been in almost 30 years.

U.S. Field Production of Crude Oil (Thousand Barrels)

 

[waltky]

Candy man helpin' to bring oil prices down...

Poroshenko promises calm 'in hours' amid battle to control Donetsk airport
Monday 26 May 2014 ~ New president-elect says there will be no negotiations as Kiev launches air strikes on separatists at airport

Ukraine's president-elect, Petro Poroshenko, promised to end the armed insurgency in the east of the country in "hours", as Kiev's forces launched air strikes on separatists during an intense battle to regain control of Donetsk airport which left many injured. With almost all the votes counted on Monday evening, Poroshenko, a pro-west businessman, was on course for a decisive victory with 54% of the vote, while his nearest challenger won just 13%, but when he takes up office he will be faced with the immediate task of bringing calm to Ukraine's eastern regions.

The pro-Russia forces who have occupied government buildings in eastern Ukraine said they were ready to negotiate with Ukraine's new leadership, but only with Russian mediation and on equal terms. The separatists have declared themselves de facto independent states and claim Kiev has no jurisdiction over them. Less than a fifth of polling stations opened in the Donetsk and Luhansk regions on Sunday following a massive campaign of intimidation by the separatists, who say they want the eastern regions of Ukraine to join Russia after questionable referendums earlier this month.

Ukrainian helicopter gunships mounted an attack on the rebel-held international airport terminal at Donetsk on Monday.

But as the majority of Russian troops have now moved away from the border with Ukraine, the prospect of a Russian invasion or a Crimea-style annexation of the territory is unlikely. Russia's foreign minister, Sergei Lavrov, said Moscow was ready to enter talks with the new leadership, in his country's first high-level response to Sunday's election. "We shouldn't miss the chance that we have now to establish an equal dialogue of mutual respect considering the vote that has taken place, the results of which Russia is ready to respect," Lavrov said.

Poroshenko has not backed off from the harsh tone struck by Kiev regarding the armed rebels in the two regions, repeating on Monday that there could be no negotiations with terrorists and comparing the pro-Russia militia men to Somali pirates. "Their goal is to turn Donbass into a Somalia where they would rule with the power of machine guns. I will never allow that to happen on the territory of Ukraine," he said. He suggested that he would move quickly and decisively against the rebels: "The anti-terrorist operation cannot and should not last two or three months. It should and will last hours."

MORE

See also:

Oil futures down to near $104 after Ukraine vote
May 26,`14 ~ The price of oil slipped to near $104 a barrel Monday after preliminary results showed a billionaire businessman winning a clear majority in Ukraine's presidential elections.

Benchmark crude for July delivery settled down 15 cents to $104.20 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, the Nymex contract rose 61 cents to settle at $104.35, bringing its weekly gain to $2.33. Brent crude, a benchmark for international oils, was down 22 cents to $110.32 on the ICE Futures exchange in London. Natural gas fell after a proposed solution to a dispute over Ukrainian natural gas debts to Moscow was revealed, raising hopes that a supply cutoff would be averted.

Candy tycoon Petro Poroshenko, who supports close ties with Europe but also wants to mend relations with Russia, was leading the Ukrainian elections with about 54 percent of the votes when 75 percent of the precincts were counted Monday. Former Prime Minister Yulia Tymoshenko was second with 13 percent. If those results hold, Poroshenko would avoid a runoff election next month. Oil prices have been underpinned by the threat of expanded Western sanctions over Russia's role in the crisis in Ukraine, which is a key conduit for Russian gas deliveries to Europe. While Russian President Vladimir Putin said Friday his country would respect the outcome of the vote, there was still plenty of uncertainty.

Poroshenko's victory "is being interpreted as a sign of the conflict easing, prompting some market participants to take profits," said analysts at Commerzbank in Frankfurt. "All the same, it is doubtful whether the pro-Russian separatists in the renegade provinces of Donetsk and Lugansk will recognize the newly elected president." "The ongoing lack of stability in eastern Ukraine and the continuing production outages in Libya are likely to preclude any sharper fall in prices," Commerzbank concluded. Trading in energy futures was thinner than usual as markets are closed on Monday in the U.S. and Britain. In other energy futures trading in New York:

- Wholesale gasoline was down 0.5 cent to $3.0183 a gallon.

- Natural gas fell 4.6 cents to $4.374 per 1,000 cubic feet.

- Heating oil fell 0.3 cent to $2.9516 a gallon.

http://ap.stripes.com/dynamic/stories/O/OIL_PRICES?SITE=DCSAS&SECTION=HOME&TEMPLATE=DEFAULT

 

[Wildman]

I guess he should nationalize the oil companies and fix prices.

How very "free market" of you.

NO dumbass !!, he should keep the fuck out of it and let the "free market" set the price, which would settle down to $25.00 - $30.00 a bbl.

 

[Faun]

Food & Gas Prices are soaring. So tell me again how the Dear Leader is saving the World?


Memorial Day weekend drivers will continue to take a hit as gasoline prices remain high.

May 20 marks the 1,245th straight day that the national average for a gallon of regular gasoline costs more than $3 a gallon, according to AAA data. That's nearly three-and-a-half years above $3 a gallon.

USA Today reported last September that, for the first time ever, gas prices had been higher than $3 a gallon for 1,000 consecutive days - beginning Dec. 23, 2010, through Sept. 17, 2013. Unfortunately, that awful record streak of sustained highs has not been broken. Gas prices dipped in the fall, down to $3.179 (Nov. 12), but surged again.

The national average on May 20, 2014, for regular gas was $3.642 a gallon, slightly less than the $3.653 a gallon average one year earlier.

On May 18, USA Today turned to the issue of gas prices again writing that "rumors about the demise of U.S. gasoline demand have been greatly exaggerated." Javier E. David of CNBC wrote for USA Today that international factors were keeping prices high and "defied the gravitational pull" of factors "that should blunt demand."

AAA's Memorial Day forecast predicted 31.8 million people will be driving over the holiday and that gas prices will be "relatively similar" to where they were Memorial Day 2013.

ABC, CBS and NBC morning and evening news shows haven't spent much time on gas prices, lately. A Nexis search yielded only 11 stories mentioning what was going on with gas prices in the past three months.

Gas Price Record Worsens: 1,245 Days above $3 a Gallon | CNS News
DRUDGE REPORT 2014®

I miss the days when righties insisted the president has nothing to do with gas prices. Of course, we had a rightie president at the time they insisted that.

But Pawn, Pelosi blamed Bush in 2008! She insisted HE could make it change! Did she LIE????

[ame="http://www.youtube.com/watch?v=jdq0nN_JLtU"]Gas Prices & Foreign Policy Blame in '08 & '11 - YouTube[/ame]

Hey, look at that ... you took her quote out of context. Turns out, she was actually talking about Republicans, in the Senate and the White House, for blocking Democrat energy bills...

BLITZER: Back when you wanted to be in the majority, you issued a press release on April 24th, 2006. At that time, the price for a gallon was $2.91. Among other things, you said then, "Democrats have a common-sense 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, and increasing production of alternative fuels." That was then. You've been in power, now, as the majority for more than a year and a half. The price of a gallon of gas is more than $4 in some parts of the country, including in your area -- closer to $5 a gallon -- and there's no relief in sight. What are you doing to fix this? Because a lot of people are disappointed in the record so far.

PELOSI: Well, we have passed, in the House of Representatives, every one of those initiatives. They have run into a brick wall with the Republicans in the United States Senate and with the president of the United States.

But, in passing our energy bill, we were able to achieve, with public support and outcry...

BLITZER: So it's all the fault of the Senate?

PELOSI: Yes, absolutely.

BLITZER: As simple as that?

PELOSI: Every single one of these bills passed the Congress of the United States. The price of oil is at the doorstep, $4 plus per gallon for oil, is attributed to oil men in the White House and their protectors in the United States Senate. Make no mistake. All of these initiatives have passed. They get to the Senate, 59 votes on repealing the subsidy; 59 votes on renewable electricity standards; 59 votes...

BLITZER: And in the Senate they need a 60 to break a filibuster?

PELOSI: Thank you for calling that to everyone's attention. You need 60 in order to have a bill even brought up. But these are the things that we have to do. We have to protect the consumer and we have to increase domestic production. And that means not only in oil and gas but also into renewable energy resources.​

 

[Vigilante]

I guess he should nationalize the oil companies and fix prices.

How very "free market" of you.

NO dumbass !!, he should keep the fuck out of it and let the "free market" set the price, which would settle down to $25.00 - $30.00 a bbl.

Wildman....ever see Dimwit Maxine Waters on SOCIALIZING all the oil companies.... PRICELESS!!!

[ame=http://www.youtube.com/watch?v=_93SldBytjE]Congresswoman Maxine Waters slips the truth out- Socialize the Oil industry - YouTube[/ame]

 

[Faun]

I guess he should nationalize the oil companies and fix prices.

How very "free market" of you.

NO dumbass !!, he should keep the fuck out of it and let the "free market" set the price, which would settle down to $25.00 - $30.00 a bbl.

Riiiiight ... because that's what the free market does ... it lowers prices below what consumers are willing to pay.

 

[Pogo]

I guess he should nationalize the oil companies and fix prices.

How very "free market" of you.

NO dumbass !!, he should keep the fuck out of it and let the "free market" set the price, which would settle down to $25.00 - $30.00 a bbl.

How does a US POTUS "set prices" on an international fungible commodity?

 

[Faun]

I guess he should nationalize the oil companies and fix prices.

How very "free market" of you.

NO dumbass !!, he should keep the fuck out of it and let the "free market" set the price, which would settle down to $25.00 - $30.00 a bbl.

How does a US POTUS "set prices" on an international fungible commodity?

A POTUS can't but a Messiah can. Therefore, it's Obama's fault.

 

[Vigilante]

10 Ways Obama Could Reduce Gasoline Prices Now by Maley's Energy Blog

1. Commit to a strategic goal of North American energy security. That includes reasonable and responsible domestic drilling. That includes taking the lead on the Keystone XL Pipeline; we could find a way to make it happen while addressing the legitimate environmental concerns of Nebraskans. It includes a commitment to maintaining the Trans-Alaska Pipeline System and opening ANWR.

2. Ditch the anti-industry, anti-capitalist rhetoric. It is not the President’s or the government’s place to decide when an industry’s profitability is “high enough”. High oil company profits fund more drilling; more drilling means more future supply and lower prices. Besides, American oil companies are not owned by a cabal of wealthy executives, but by America’s pension funds, mutual funds and private investment accounts. “They” are “us”.

3. Stop targeting the oil industry for punitive tax treatment. States such as Texas and Louisiana have production tax abatement programs that have successfully encouraged new drilling. If you don’t believe that the threat of increased taxes discourages drilling, just ask Governor Perry or Governor Jindal.

4. Realize that Uncle Sam is in the energy business and is a partner in industry’s success. Oil and gas royalties are the federal government’s #2 source of revenue, after the income tax. Offshore slowdowns hurt not only industry and jobs, but government revenue.

5. Recognize that industry does not need to be led by government; industry needs to be unleashed and encouraged to innovate. The resurgence of the domestic energy sector was rooted in the private sector, not matter how much President Obama and Dr. Chu would like to take credit for it. The growth in North Dakota, Pennsylvania and Texas happened in spite of the federal government, not because of it.

6. Trust that no oil operator wants to be the “next BP”. The BP spill cost that company something on the order of $40 billion. Industry safety and environmental commitment is motivated more out of self-interest and less out of fear of the government. When it comes to federal regulation, the nation would be better served by Sheriff Taylor, not Barney Fife.

7. Return offshore permitting to the pre-Macondo pace. Your overreaction to the BP Spill has cost on the order of 500,000 barrels per day of domestic oil production from the Gulf of Mexico. The ridiculous “Worst Case Discharge” calculation as a routine part of offshore permitting is engineering malpractice, in my humble opinion. The professional staff of the Bureau of Safety and Environmental Enforcement is capable of reasoned regulation, but they currently operate in fear of their political masters.

8. Declare hydraulic fracturing & well design to be the regulatory domain of the states, not the EPA. Geology and environment vary widely; Pennsylvania is not Louisiana is not North Dakota is not California. It is insanity to think that one broadly-applied set of rules can be applied to regulate industry without suffocating development.

9. Rescind the recently-enacted royalty rate increase for new onshore Federal oil and gas leases. Secretary Salazar’s stated rationale for increasing the government’s take by a whopping 50% – from 12.5% to 18.75% of gross production – was to equate onshore royalties with the offshore royalty rate. That makes no sense. Higher royalties mean less drilling, poorer economics of production and premature abandonment of wells. Besides, an IHS-CERA Study recently showed that the federal government’s total take of offshore cash flows makes the Gulf of Mexico the second-most punitive fiscal regime in the world, after Hugo Chavez’s Venezuela. [Update: In keeping with the First Rule of Holes, rolling back the royalty rate increase may be the first thing the government should do if it is serious about reducing energy prices. - Ed.]

10. Encourage development of a nationwide distribution system of natural gas as a transportation fuel. Natural gas is clean, abundant and nearly 100% domestic. Its potential as a transportation fuel has scarcely been tapped.

Bonus #11: Get real about the promise of alternative fuels. Recently you said: “You’ve got a bunch of algae out there; If we can figure out how to make energy out of that, we’ll be doing alright.” Maybe so, but I will stick my neck out and say it ain’t gonna happen, at least not in my lifetime, not on a scale that will impact pump prices.

10 Ways Obama Could Reduce Gasoline Prices Now | Maley's Energy Blog

Brought to the table for discussion!

 

[Pogo]

Domestic drilling / foreign drilling -- it all goes on the international market. This pipe dream that "what's drilled here stays here" is ignorant bullshit.

The EIA assessed that opening up ANWR and the OCS would amount to a drop in the bucket in that international market -- upon which as already noted, OPEC yawns, cuts back production to compensate, and goes to lunch. That report gave a time frame of 22 years for that to happen. And it was assembled during the Bush Administration.

Of course the caveat is, that's life in the real world, not that of Google Demagogue.

But yanno what, I bet you could find a nice Google Image of Dorothy clicking her heels together and murmuring "there's no place like home... there's no place like home..."

 

[paulitician]

The HYPOCRISY of the fucking left is on display here for all to see.... Subversive Democrats were against high gas prices before they were for it...and put blame squarely on Bush!

Democrats Then vs Now: Nancy Pelosi Blames Bush for High Gas Prices - YouTube

Nothing's ever their Dear Leader's fault. It is what it is.

 

[ClosedCaption]

I guess he should nationalize the oil companies and fix prices.

How very "free market" of you.

No he just wants to complain about the prices while defending the market that brings us those prices. Just another example of Republicans making the mud and jump in it then complain about getting dirty

 

[paulitician]

I guess he should nationalize the oil companies and fix prices.

How very "free market" of you.

No he just wants to complain about the prices while defending the market that brings us those prices. Just another example of Republicans making the mud and jump in it then complain about getting dirty

Yes we know, soaring Food & Gas Prices are just fine now. Your BOOOOSH Boogeyman is out and your Dear Leader is in. Nice convenient flip-flop on your part.

 

[KNB]

Rich people are making all of the money off of high gas prices. Do something about the world's richest people. The President is not in command of oil prices.

 

[frigidweirdo]

Here on planet Reality, petroleum of crude oil is up under Obama to the highest its been in almost 30 years.

U.S. Field Production of Crude Oil (Thousand Barrels)

And you have to ask if it has anything to do with Obama and the US at all.

Chinese oil consumption is up year on year. They're using 3 times more oil than in 2000. This oil comes from somewhere.
There's something called supply and demand.

and for the US

US imports from Saudi Arabia are up.

Chinese imports are up massively. And you expect the prices to stay low.

Also you have the instability in Iraq and Libya not helping things. The US went in there to get oil prices down, but it takes time, and doesn't work when China is also consuming a ton of oil.

And you blame Obama. What for? He's not in charge of oil prices, or Saudi Arabia or China.

 

[ClosedCaption]

I guess he should nationalize the oil companies and fix prices.

How very "free market" of you.

No he just wants to complain about the prices while defending the market that brings us those prices. Just another example of Republicans making the mud and jump in it then complain about getting dirty

Yes we know, soaring Food & Gas Prices are just fine now. Your BOOOOSH Boogeyman is out and your Dear Leader is in. Nice convenient flip-flop on your part.

Take it easy on that strawman, you might hurt urself