Romney: Fire Obama's "gas hike trio"

Mar 18, 2012 Full story: CBS News 145

COLLINSVILLE, Ill. - Mitt Romney is calling on President Obama to fire his administration's "gas hike trio," three top Cabinet members whom Romney accuses of being hired to help "skyrocket" gasoline prices.

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“Kiss Me You Fool!”

Since: Jan 08

Atlanta via Brooklyn NY

#1 Mar 18, 2012
So lets see.....the theory here is although President Obama is seeking re-election, and gas prices have always been a downfall for President's re-election chances, President Obama wants to increase gas prices to the point where his approval numbers and chances for re-election are trashed?

And he's even hired a 3 person staff to ensure the prices skyrocket.

Logical?

And to add to this, Romney, Newton and Angry Rick...who are for no government intervention, somehow will private oil companies and speculators to no longer sell to the highest bidder and instead manipulate gas prices to remain at 2.50?...(although 2.49 would be even better)

So is this the logic you believe in Reich-wingers?

Logical?

Nope

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#2 Mar 18, 2012
Gas prices are going nowhere but up no matter who's the President or who is in the Cabinet.

A decreasing supply of a finite resource + an increasing demand = higher prices.

Wait until the shortages start happening and we have to send our warships to escort tankers to prevent the Chinese & Indians from hijacking them.
Mothra

Phoenix, AZ

#3 Mar 18, 2012
WeTheSheeple wrote:
Gas prices are going nowhere but up no matter who's the President or who is in the Cabinet.
A decreasing supply of a finite resource + an increasing demand = higher prices.
Wait until the shortages start happening and we have to send our warships to escort tankers to prevent the Chinese & Indians from hijacking them.
Scarce Oil? U.S. Has 60 Times More Than Obama Claims

..."With only 2% of the world's oil reserves, we can't just drill our way to lower gas prices," he [Obama] said. "Not when we consume 20% of the world's oil."

The claim makes it appear as though the U.S. is an oil-barren nation, perpetually dependent on foreign oil and high prices unless we can cut our own use and develop alternative energy sources like algae.

U.S. Awash In Oil

But the figure Obama uses proved oil reserves vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the country is awash in vast quantities enough to meet all the country's oil needs for hundreds of years.

The U.S. has 22.3 billion barrels of proved reserves, a little less than 2% of the entire world's proved reserves, according to the Energy Information Administration. But as the EIA explains, proved reserves "are a small subset of recoverable resources," because they only count oil that companies are currently drilling for in existing fields.

When you look at the whole picture, it turns out that there are vast supplies of oil in the U.S., according to various government reports. Among them:

At least 86 billion barrels of oil in the Outer Continental Shelf yet to be discovered, according to the government's Bureau of Ocean Energy Management.

About 24 billion barrels in shale deposits in the lower 48 states, according to EIA.

Up to 2 billion barrels of oil in shale deposits in Alaska's North Slope, says the U.S. Geological Survey.

Up to 12 billion barrels in ANWR, according to the USGS.

As much as 19 billion barrels in the Utah tar sands, according to the Bureau of Land Management.

Then, there's the massive Green River Formation in Wyoming, which according to the USGS contains a stunning 1.4 trillion barrels of oil shale a type of oil released from sedimentary rock after it's heated.

http://news.investors.com/article/604303/2012...
serfs up

Kissimmee, FL

#4 Mar 18, 2012
OneRyder wrote:
So lets see.....the theory here is although President Obama is seeking re-election, and gas prices have always been a downfall for President's re-election chances, President Obama wants to increase gas prices to the point where his approval numbers and chances for re-election are trashed?
And he's even hired a 3 person staff to ensure the prices skyrocket.
Logical?
And to add to this, Romney, Newton and Angry Rick...who are for no government intervention, somehow will private oil companies and speculators to no longer sell to the highest bidder and instead manipulate gas prices to remain at 2.50?...(although 2.49 would be even better)
So is this the logic you believe in Reich-wingers?
Logical?
Nope
Gas will drop in price after November and these buffoons are gone.

“Kiss Me You Fool!”

Since: Jan 08

Atlanta via Brooklyn NY

#5 Mar 18, 2012
serfs up wrote:
<quoted text> Gas will drop in price after November and these buffoons are gone.
...then it'll go back up just before Thanksgiving. Oh wait, you're a reich-winger, this is news to you. The oil companies like airlines DONT hike up prices when the demand rises. And troubles in the Middle East DONT hike up oil prices.

You reich wingers can ride th "gas" issue for as long as you want. Like the economy, you'll back off an find something else when the prices go down like they always do.

“Kiss Me You Fool!”

Since: Jan 08

Atlanta via Brooklyn NY

#6 Mar 18, 2012
WeTheSheeple wrote:
Gas prices are going nowhere but up no matter who's the President or who is in the Cabinet.
A decreasing supply of a finite resource + an increasing demand = higher prices.
Wait until the shortages start happening and we have to send our warships to escort tankers to prevent the Chinese & Indians from hijacking them.
I find it strange that the topic reich wingers NOW all of a sudden believe we can cap or control gas prices in a free market system. They will pass a law preventing oil companies from selling to the highest international bidder.

If the President could set gas prices, why didn't any Repub do it to date?

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#7 Mar 18, 2012
Mothra wrote:
<quoted text>
Scarce Oil? U.S. Has 60 Times More Than Obama Claims
..."With only 2% of the world's oil reserves, we can't just drill our way to lower gas prices," he [Obama] said. "Not when we consume 20% of the world's oil."
The claim makes it appear as though the U.S. is an oil-barren nation, perpetually dependent on foreign oil and high prices unless we can cut our own use and develop alternative energy sources like algae.
U.S. Awash In Oil
But the figure Obama uses proved oil reserves vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the country is awash in vast quantities enough to meet all the country's oil needs for hundreds of years.
The U.S. has 22.3 billion barrels of proved reserves, a little less than 2% of the entire world's proved reserves, according to the Energy Information Administration. But as the EIA explains, proved reserves "are a small subset of recoverable resources," because they only count oil that companies are currently drilling for in existing fields.
When you look at the whole picture, it turns out that there are vast supplies of oil in the U.S., according to various government reports. Among them:
At least 86 billion barrels of oil in the Outer Continental Shelf yet to be discovered, according to the government's Bureau of Ocean Energy Management.
About 24 billion barrels in shale deposits in the lower 48 states, according to EIA.
Up to 2 billion barrels of oil in shale deposits in Alaska's North Slope, says the U.S. Geological Survey.
Up to 12 billion barrels in ANWR, according to the USGS.
As much as 19 billion barrels in the Utah tar sands, according to the Bureau of Land Management.
Then, there's the massive Green River Formation in Wyoming, which according to the USGS contains a stunning 1.4 trillion barrels of oil shale a type of oil released from sedimentary rock after it's heated.
http://news.investors.com/article/604303/2012...
You keep on believing that as you're pumping $5 or $8 or $10 per gallon gas. Maybe you can tell that to the gas station owner and he'll drop the price to 10 cents a gallon just for you!

What a sucker.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#8 Mar 18, 2012
serfs up wrote:
<quoted text> Gas will drop in price after November and these buffoons are gone.
And unicorns will start pooping out golden eggs to pay off the national debt.....
serfs up

Kissimmee, FL

#9 Mar 18, 2012
OneRyder wrote:
<quoted text>
...then it'll go back up just before Thanksgiving. Oh wait, you're a reich-winger, this is news to you. The oil companies like airlines DONT hike up prices when the demand rises. And troubles in the Middle East DONT hike up oil prices.
You reich wingers can ride th "gas" issue for as long as you want. Like the economy, you'll back off an find something else when the prices go down like they always do.
I have never found so many excuses for politicians as I do for progressives. You make these men and women your gods. Look, even if much of what you say is true then still government must get out of the way and let drilling and other oil related concerns do their thing. Constricting the industry does not help. And both parties are in the reich sweepstakes. Because you obviously are not paying attention to the tyranny laws enacted with the President signing them and making it known about executive orders and such. I have to tell you. To many people have ,lost a lot in the last four years or so. We are in mood for you interference in survival anymore. The financial system is not healthy and needs all of the push into recovery it can get with responsibility.

“Happiness comes through giving”

Since: Feb 08

Location hidden

#10 Mar 18, 2012
serfs up wrote:
<quoted text> Gas will drop in price after November and these buffoons are gone.
You're probably right. Good riddance to them Republican buffoons.
brad

Manchester, CT

#11 Mar 18, 2012
WeTheSheeple wrote:
Gas prices are going nowhere but up no matter who's the President or who is in the Cabinet.
A decreasing supply of a finite resource + an increasing demand = higher prices.
Wait until the shortages start happening and we have to send our warships to escort tankers to prevent the Chinese & Indians from hijacking them.
How the worm has turned.
It seems like just yesterday you very same people lived on the fact that gas prices were the highest in this nations history because of Bush policy.

Bwaaa,,,
Ex-GOP Con

San Jose, CA

#13 Mar 18, 2012
The free market is driving gas prices higher and higher. Exxon and BP are selling our domestic production to the highest bidders: China, Britain, Australia, foreign overseas nation. We Americans are forced to purchase higher gas in order to even compete with those markets, while the CEOs of Exxon on BP tell us, "screw you...catch up to the rest of the world!"

The only option is to introduce competition to energy. Exxon and BP do not compete with each other for pricing. Two gas stations right across from each other sell gas at the same high price. They compete with each other for production. But there are no lines at the gas station. There is plenty of production allowing these companies to sell overseas and charge higher prices.

We therefore need to encourage alternative fuels to show these companies that we will take our business elsewhere.

The other alternative is to nationalize the oil and gas industry. It has helped to keep gas prices low in countries like Saudi Arabia and Iran.
Ex-GOP Con

San Jose, CA

#14 Mar 18, 2012
Yeah...President Obama's goal is to drive up gas price....suuuure Mitty.

Is Romney and Santorum competing to see who can say the nuttier thing this week?
serfs up

Kissimmee, FL

#15 Mar 18, 2012
Lawrence Wolf wrote:
<quoted text>You're probably right. Good riddance to them Republican buffoons.
We will see soon enough. To me it is the choice of two evils. Only one will give a few crumbs back to those who were screwed over the last four years. If the dollar collapses and the financial system goes with it, it will be deserved. And everything we have become, will change.
Ex-GOP Con

San Jose, CA

#16 Mar 18, 2012
Ok. I'm going to let you guys in on a little secret that the oil and gas industry don't spell out.

Production is tied to the price of oil. The higher the price a barrel of oil is the more production follows. I know this from having worked in the oil and gas industry.

Oil and gas exploration is a VERY risky venture. High risk followed by high rewards. The costs to drill and explore are high. Some areas are higher than others. So why would an oil and gas company take that chance and invest in a specific location? It depends on the reward they can get from it.

Your old-fashioned onshore drilling was relatively cheap. However offshore drilling is VERY costly and VERY risky. So...a barrel of oil HAS to be high in order for Exxon or BP to even consider taking on that risk and incur the cost to drill offshore.

That people is why production is tied to gas prices. High gas prices are here to stay. It is further exacerbated by the fact that Exxon and BP are out to make a profit for their shareholders which means selling to the highest bidder (overseas) and not break-even at home.

That is the free market.

The only thing that will alleviate this is 1) competition, or 2) nationalizing the industry.

But this "increase production" crap is just meant to appease the stupid.
serfs up

Kissimmee, FL

#17 Mar 18, 2012
Ex-GOP Con wrote:
Ok. I'm going to let you guys in on a little secret that the oil and gas industry don't spell out.
Production is tied to the price of oil. The higher the price a barrel of oil is the more production follows. I know this from having worked in the oil and gas industry.
Oil and gas exploration is a VERY risky venture. High risk followed by high rewards. The costs to drill and explore are high. Some areas are higher than others. So why would an oil and gas company take that chance and invest in a specific location? It depends on the reward they can get from it.
Your old-fashioned onshore drilling was relatively cheap. However offshore drilling is VERY costly and VERY risky. So...a barrel of oil HAS to be high in order for Exxon or BP to even consider taking on that risk and incur the cost to drill offshore.
That people is why production is tied to gas prices. High gas prices are here to stay. It is further exacerbated by the fact that Exxon and BP are out to make a profit for their shareholders which means selling to the highest bidder (overseas) and not break-even at home.
That is the free market.
The only thing that will alleviate this is 1) competition, or 2) nationalizing the industry.
But this "increase production" crap is just meant to appease the stupid.
It bothers me that there are only several major companies. Break them up or make it possible to increase the numbers. If nationalization was ever put on the table, politics must be taken out of it and sense used.
brad

Manchester, CT

#18 Mar 18, 2012
Ex-GOP Con wrote:
Yeah...President Obama's goal is to drive up gas price....suuuure Mitty.
Is Romney and Santorum competing to see who can say the nuttier thing this week?
You don't have to search the internet too hard to find videos of Obama saying just that.

Bwaaa,,,

Since: Nov 08

Paris

#19 Mar 18, 2012
WeTheSheeple wrote:
Gas prices are going nowhere but up no matter who's the President or who is in the Cabinet.
A decreasing supply of a finite resource + an increasing demand = higher prices.
Wait until the shortages start happening and we have to send our warships to escort tankers to prevent the Chinese & Indians from hijacking them.
lie

Since: Nov 08

Paris

#20 Mar 18, 2012
Ex-GOP Con wrote:
Ok. I'm going to let you guys in on a little secret that the oil and gas industry don't spell out.
Production is tied to the price of oil. The higher the price a barrel of oil is the more production follows. I know this from having worked in the oil and gas industry.
Oil and gas exploration is a VERY risky venture. High risk followed by high rewards. The costs to drill and explore are high. Some areas are higher than others. So why would an oil and gas company take that chance and invest in a specific location? It depends on the reward they can get from it.
Your old-fashioned onshore drilling was relatively cheap. However offshore drilling is VERY costly and VERY risky. So...a barrel of oil HAS to be high in order for Exxon or BP to even consider taking on that risk and incur the cost to drill offshore.
That people is why production is tied to gas prices. High gas prices are here to stay. It is further exacerbated by the fact that Exxon and BP are out to make a profit for their shareholders which means selling to the highest bidder (overseas) and not break-even at home.
That is the free market.
The only thing that will alleviate this is 1) competition, or 2) nationalizing the industry.
But this "increase production" crap is just meant to appease the stupid.
Since it's on land and cheap, why isn't Obama drilling on government land and Alaska.........crickets chirping.
Ex-GOP Con

San Jose, CA

#21 Mar 18, 2012
Le Jimbo wrote:
<quoted text>Since it's on land and cheap, why isn't Obama drilling on government land and Alaska.........crickets chirping.
le frenchman. what did i tell you? stick to your fine whines and cheeses. american politics is not your strong point. leave that up to us american to sort out.

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