Price Of Gas
Posted in the Mountain View Forum
#1 Feb 6, 2013
How about the big jump in the price of gas, Do we get to blame
Obama for this. 33 cents in less than 2 weeks, way to go you
Pinko Commie ....
"Freid Dog" be sure to come to your boyfrieds rescue.
#2 Feb 7, 2013
Cry more, please.
#3 Feb 7, 2013
Oil company profits rose on average about 75% from 2010 to 2011 (can't find the 2012 numbers) Exxons profits in 2011 were $41 billion. I expect 2012 profits will be even higher.
The oil companies have millions of acres of leases they haven't explored yet and they are exporting refined gas from the US because they can get bigger profits by selling it in other countries. So refinery capacity is not an issue.
In what way should Obama interfere in the free market. Export restriction? Price controls? Caps on profits? Revoking leases that remain unexplored for more than 5 years?
Whether any or all of these actions should be explored, none can be done by executive order.
Anything done will have to start with congress, and I don't think any of these ideas (or any other idea that would harm oil company's profits) can pass in both houses.
#4 Feb 7, 2013
I don't think the government should interfere in the free marketprocess I have to ask the question, Why shouldn't he, he's put his nose in everything else it doesn't belong in.
“Flying Spaghetti Monster”
Since: Nov 11
Stone County, Arkansas
#5 Feb 7, 2013
Jeez Ifey, how did you keep your head from exploding when the Prez got re-elected?
Your grasp of economics was revealed by your comment. Read and review Robin's fine comment. Thanks Robin.....
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