Posts Tagged ‘supply’

Democrats Are Hypocrite Demagogue Fools When It Comes To Gas Prices

February 29, 2012

Rush Limbaugh offers a rather entertaining look into how the Democrats 1) managed to demonize George Bush when the gas prices were actually far less of a problem/crisis than they are now under Obama while simultaneously asserting that Republicans have no right whatsoever to do to Obama what they themselves did to George Bush; 2) believe that Obama should a) open the strategic petroleum reserve and/or b) push Saudi Arabia to increase drilling – both of which are means to increase the supply of gasoline – yet simultaneously insist that the US’  increasing its own gasoline supply by drilling would have absolutely no impact on gas prices whatsoever; 3) are somehow conveniently forgetting how astonishingly stupid and vacuous Obama’s “solutions” to the problem of high gas prices truly were.

The Democrat Gas Hypocrisy
February 27, 2012

BEGIN TRANSCRIPT

RUSH: Michael Janofsky at the New York Times, April 24th, 2006, about six years ago: “Democrats Eager to Exploit Anger Over Gas Prices.” This is back in 2006. The Democrats were running for office in the midterm elections trying to talk us into a recession. This is after they had failed at trying to talk us into failure in Iraq. “Democrats running for Congress are moving quickly to use the most recent surge in oil and gasoline prices to bash Republicans over energy policy, and more broadly, the direction of the country. With oil prices hitting a high this week and prices at the pump topping $3 a gallon in many places…” We’re now over $5 in California. In 2006, with “prices at the pump topping $3 a gallon in many places Amy Klobuchar, a Democratic Senate candidate in Minnesota, is making the issue the centerpiece of her campaign. Ms. Klobuchar says it ‘is one of the first things people bring up’ at her campaign stops. To varying degrees, Democrats around the country are following a similar script that touches on economic anxiety and populist resentment against oil companies.”Yep!”‘It’s a metaphor for an economy that keeps biting people despite overall good numbers,’ said Senator Charles E. Schumer of New York…” What else do we have, Chuck-U? Oh, Chuck-U is in the news today, folks. Chuck-U tells Clinton to pressure Saudi Arabia to pump more oil. Senator Chuck-U Schumer “wants Secretary of State Hillary Clinton to press…” She’s got her own section in the program todayfor her own rampant hypocrisy. (We’ll get to that in due course.) Chuck-U Schumer “wants Secretary of State Hillary Clinton to press Saudi Arabia to boost output as rising prices are hitting consumer at the gasoline pump.” Whoa, whoa, whoa, whoa, whoa, whoa!Wait a minute. More oil? Chuck-U wants more oil? Is that what he’s asking the Saudis to do, pump more oil? Is that right? Is that what that means? Senator Schumer tells Clinton to pressure Saudis to pump more oil? He wants more oil? Then how come this regime vetoes the Keystone pipeline and has a drilling moratorium in the Gulf of Mexico and makes fun of/mocks the concept of producing more oil in the United States? So Senator Chuck-U Schumer is asking Senator Clinton to make us more dependent on foreign oil! That’s what he’s doing when he’s asking her to pressure the Saudis, pump more oil. He wants us to be more dependent. He doesn’t want to use our own oil. Obama doesn’t want to use our own oil.How come Chuck-U is not out there saying, “Everybody go buy a Volt?” How come Chuck-U’s not saying, “Hey, everybody go buy a Prius, go buy a hybrid”? How come Chuck-U’s not out there saying, “Get your tire gauge out and make sure the pressure is right and get a tune-up”? That’s what Obama does. So the Democrats want more oil. They want the price to come down with more supply. Funny how that never works domestically. So 2006, New York Times: “Democrats Eager to Exploit Anger Over Gas Prices” — at $3 a gallon. From BigGovernment.com Wynton Hall with the story: “Seven Gas Facts Obama Cannot Escape — “1. In September 2008, Barack Obama’s ‘Nobel-prize winning physicist’ of an Energy Secretary, Steven Chu, told the Wall Street Journal: ‘Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,'” which is much higher than what we pay. Obama has said he wants high prices. Why don’t these guys come out and say, “This is exactly what we want”? Steven Chu, the energy secretary, Nobel-prize winning physicist has advocated for higher prices. So has Obama. Now they’re getting higher prices. You know why? They want higher prices so you’ll have to go out and buy a Volt or a hybrid or get on a bus or get on a subway or take mass transit and become like a number. A robot. An interchangeable part of the system, like a Chinese citizen taking orders and dictates from the state and their command-and-control economy.

The truth is, they want higher prices. The problem is it’s an election year. Can’t advocate for higher gas prices in an election year. “2. In 2008, then-candidate Barack Obama admitted that, like his future Energy Secretary Mr. Chu, he believed that high gas prices would be a good thing because they would force Americans to ween [sic] themselves off of oil, but that he would have ‘prefered [sic] a gradual adjustment.'” We had the sound bite last week. We reminded you of it when gasoline hit four bucks and Obama said: It’s okay; it’s okay. I’m just a little upset how fast it got there. “3. On January 19, 2009, the day before Barack Obama [immaculated] gas prices were $1.84 a gallon. As of February 20, 2012 a gallon of gas cost $3.59,” and now it’s close to $5 a gallon. And don’t forget, in 2006 it was $3 a gallon, and the Democrats are out exploiting it and trying to turn it into a big political issue. “4. As Senator Kay Bailey Hutchinson points out, ‘Offshore drilling permits are being issued at less than half the rate of the previous administration. The average number of leases issued on public lands is less than half than during President Clinton’s term.’ 5. In 2008, Barack Obama seemed perfectly comfortable with soaring energy prices if they meant curbing greenhouse gas emissions.

“As Mr. Obama confessed: ‘Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.'” In their hearts and minds, Obama and the left are LOVING gas prices go up. They just can’t say so. But they love it. And that’s why there’s not a huge effort to bring them down. There’s a huge effort to make you think they want to, but how many stories have you seen where Obama says, “Ah, there’s really not a whole lot the president can do”? And Jay Carney says, “Well, there’s not a whole lot the president can do.” In 2006, don’t forget, Chuck Schumer and John F. Kerry (who, by the way, served in Vietnam) were mocking Bush for asking the Saudis to pump more oil! Arabs producing more oil makes prices go down, but somehow the US pumping more oil won’t make any difference.

That’s what they tell us. “Nah-nah-nah. That’s the stupidest thing we ever heard of! That’s a tired, worn-out cliche. ‘Drill, drill, drill,’ and for 30 years they’ve been saying that. That’s what the Republicans always say. Just drill, drill. That’s gonna take us two to three years!” Well, where would we be if 30 years ago we had just started drilling, drilling, drilling? Chuck-U Schumer in 2008: “Schumer to Bush: Stop ‘Coddling’ Big Oil, Saudis,” and get on ’em and make ’em pump more. And Chuck-U wants Hillary to do the same thing now. Obama, he can lower the sea level but he can’t lower the price of oil. “7. Try as he might, President Obama’s campaign will try to distance themselves from the fact that a central pillar of Mr. Obama’s 2008 campaign was a pledge to reduce the ‘pain at the pump’ caused by high gas prices.”

We can go back and we can get all of that audio that was a centerpiece of his campaign, a pillar, to reduce pain at the pump. But missing no opportunity to invoke class warfare, Obama said, “For the well-off in this country, high gas prices are mostly an annoyance, but to most Americans they’re a huge problem, bordering on a crisis. Here in Indiana gas costs $3.60 a gallon,” he said in 2008. Now it’s 2012, we’re over $5 a gallon, and there’s not much we can do about it.

And from MSNBC: “8 Reasons Why Gas Will Hit $5 a Gallon This Year.” I’ll just read through them. Not gonna give you details. Number one, Strait of Hormuz. Number two, Iran. Number three, refiners raising prices. Number four, other geopolitical risks. Number five, the European Union may save itself. Number six, the US economic recovery means higher oil prices. Number seven, summertime. Number eight, supply risk. In all eight of these reasons, not one of them mention Obama or his energy policies. So we have every effort in the world being made to shield Obama from any relationship to high gasoline prices, despite what the Democrats did all during ’05, ’06, ’07, and ’08. We even have some Republicans now saying, “We really don’t want to try to tie the president to this, market forces no president can control.”

We said back in 2006 there’s nothing Bush can do about it. The president does not have a magic wand. Releasing from the strategic reserves doesn’t make a significant long-term difference in the price of oil. And people who said that back then want us to say something consistent now. “Well, come on, let’s not jump on Obama for this. We all know honestly that presidents can’t do anything about it.” Bush was not choking the supply, however. Obama is. Obama is a factor in the price of gasoline. See, that’s the difference, Obama is a factor in the price of oil. Obama wants higher oil prices, his energy secretary and he have both said so. They want higher oil prices. This is not making it up. They want higher oil prices. It’s less freedom. It’s less mobility. It forces you into alternative buying decisions when it’s time to get a new car. So, Obama does have something to do with high oil prices.

BREAK TRANSCRIPT

Eric in Glen Arbor, Michigan, you’re next on the Rush Limbaugh program. Hello, sir.

CALLER: Hi, Rush. Longtime listener from the early Clinton years.

RUSH: Thank you, sir.

CALLER: The reason why I’m calling is about the oil prices and what we’re paying at the pump. Lots of news about it, and if we go to five-, six-dollar-a-gallon oil, that’s gonna sink the economy, and I think it’s time to fight back, and I think we can fight back by several perspectives. One, we, as a consumer, can cut back slightly on our fuel usage. And, two, instead of just releasing 30 million barrels of oil from the strategic energy reserves, we need to do it in a strategic manner. For example, release seven million barrels of oil at, say, $89 a barrel. It’s about 109 bucks a barrel today. Release it at below the market price and then make several subsequent releases without telling anybody —

RUSH: There’s not enough oil there to make any difference. The real question is what is the price of algae by the gallon, because Obama has suggested pond scum as the next alternative fuel for oil. We cannot, by the way, and I appreciate the big-heartedness here in wanting to conserve, but there’s gonna be forced conservation at five dollars a gallon. There was a four. People will drive less because they can’t afford it. By the way, the economy’s already sinking. But you get to five or six dollars a gallon, the choice to conserve will not be something you have to force on people, it’ll be happening naturally. But even at that, conserving is not growth, and growth is what our economy needs. Growth and supply, growth in expansion, demand, all these things, that’s what this country and this economy needs. We can’t conserve our way to growth of anything.

END TRANSCRIPT

One look at the record of gas prices between George Bush and Barack Obama is all it takes – it is literally as simple as looking at a picture to understand how badly Obama has failed America.

2011 was THE most expensive year for gasoline prices in the entire history of the United States.  And then Obama began 2012 by giving us THE most expensive January in the history of the country, and followed that up by giving us THE most expensive February in the history of the country.

And Obama just threw the Keystone oil pipeline into Canada’s face and demanded that Canada sell its oil to China.

Gasoline prices have now DOUBLED in the three years of the failed Obama regime.

“Hope and change” means $6 a gallon gasoline in Florida and gas prices that are very likely going to be that high across the entire nation by Memorial Day.

And consider how this president DEMONIZED his predecessor in speeches like this one in which he said:

What Washington has done is what Washington always does – it’s peddled false promises, irresponsible policy, and cheap gimmicks that might get politicians through the next election, but won’t lead America toward the next generation of renewable energy. And now we’re paying the price. Now we’ve fallen behind the rest of the world. Now we’re forced to beg Saudi Arabia for more oil. Now we’re facing gas prices over $4 a gallon – gas prices that are decimating the savings of families who are already struggling in this economy. Like the man I met in Pennsylvania who lost his job and couldn’t even afford the gas to drive around and look for a new one. That’s how badly folks are hurting. That’s how badly Washington has failed.

And now the same man who attacked Bush isn’t responsible for the very same thing he attacked Bush over even though the situation is now WORSE under his completely failed leadership.

Because – to quote Obama himself – “that’s how badly OBAMA has failed.”

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To Obama, McCain Campaigns: Take The Obama Challenge

August 8, 2008

Obama responded to a question by claiming that inflating the tires was every bit as important as producing more oil:

There are things you can do individually, though, to save energy,” Obama said. “Making sure your tires are properly inflated – simple thing. But we could save all the oil that they’re talking about getting off drilling – if everybody was just inflating their tires? And getting regular tune-ups? You’d actually save just as much!”

He also said:

“They’re making fun of a step that every expert says would reduce our oil consumption by 3 to 4 percent. It’s like these guys take pride in being ignorant.”

One site does the analysis for us:

Just for fun, I did the math. Properly inflating your tires can improve gas mileage by 3%. Of course, many people already keep their tires properly inflated, and many more are at least close to being properly inflated. Let’s be generous and assume that one-half of the total possible savings would be realized if we all inflated our tires properly; that’s a net gain of 1.5% fuel efficiency.

Americans drive approximately 2,880 billion miles per year. If we average 24 mpg, we use around 120 billion gallons of gasoline in our vehicles. If, through perfect tire inflation, we improved our collective fuel efficiency by 1.5%, that would be 1.8 billion gallons. A barrel of oil produces around 20 gallons of gasoline, so the total savings available through tire inflation is approximately 90,000,000 barrels of oil annually.

How does this stack up against “all the oil that they’re talking about getting off drilling?”

ANWR: 10 billion barrels
Outer Continental Shelf: 18 billion barrels (estimated; the actual total is undoubtedly much higher, since exploration has been banned)
Oil shale: 1 trillion barrels

And, of course, few cars on the road today actually need “a tune-up,” with computers automatically making adjustments that used to have to be made by a mechanic.

But a lot of liberals simply can’t grasp the conservatives’ argument. Obama is sticking to his position, and lock-step liberals claim that Republicans are the ones who are all wrong.

So I have an idea: let’s take the “Obama Challenge.”

Let’s have the Obama campaign inflate the tires of their cars and their airplane as much as they please, while the McCain campaign puts fuel in the tanks of their cars and their airplane. And then we’ll see whose campaign stalls first!

Obama says more air, not more oil; McCain says more oil, please.

This is my prediction: I’m betting on oil. John McCain promises to produce more of it; Barack Obama – at least until his last policy reversal – promised not to produce any (we could even allow Obama to use all the non-drilling energy sources he wants to fuel his fleet). I’m guessing “more oil” will beat “more conservation” 10 times out of 10.

We need oil. We are currently obtaining 70% of our oil from foreign countries, and paying $700 billion dollars a year for the privilege.

Blame Democrats for Sky-high Gas Prices

June 25, 2008

Let us not forget that we are two years into the “commonsense plan” announced by House Speaker Nancy Pelosi:

Washington, D.C. – House Democratic Leader Nancy Pelosi released the following statement today on President Bush’s, Speaker Hastert’s, and the Republican Congress’ empty rhetoric on gas prices. Key facts on the Majority’s failure to address gas prices follows Pelosi’s statement.

With skyrocketing gas prices, it is clear that the American people can no longer afford the Republican Rubber Stamp Congress and its failure to stand up to Republican big oil and gas company cronies. Americans this week are paying $2.91 a gallon on average for regular gasoline – 33 cents higher than last month, and double the price than when President Bush first came to office.

“With record gas prices, record CEO pay packages, and record oil company profits, Speaker Hastert and the Majority Congress continue to give the American people empty rhetoric rather than join Democrats who are working to lower gas prices now.

“Democrats have a commonsense 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.”

She placed the blame for previous “high” prices (dang, they sure don’t seem so high now, do they?) on “President Bush’s, Speaker Hastert’s, and the Republican Congress’ empty rhetoric.” And she promised that we Democrats have the solution.” She blamed Republicans for the past, and put the responsibility squarely on her party for the future.

And just what has happened since the Democrat’s “commonsense plan” went into effect?

On January 21, 2007, just after the Democrats took over the Congress, the national average price per gallon of regular self serve gas was $2.18 per gallon. As of June 20, 2008 it was $4.075 a gallon.

That’s one great plan you’ve got there, Nancy.

You put that pretty dress of demagoguery on, Democrats. Now you wear the damn thing.

“Commonsense” and “Democrat” are antonyms. And Nancy Pelosi’s phrase, “Democrats have a commonsense plan” is an oxymoron. Maybe by the time gas tops $5 a gallon, enough Americans will recognize this.

Of course, Democrats – who are only good at blaming others for their messes – are still blaming everyone but themselves.

One of the dogs they are riding now are “oil futures” and “speculation.”

A brief explanation of futures contracts and oil prices has this:

A futures contract is an agreement to buy or sell a quantity of a product at a set price and date in the future. The New York Mercantile Exchange began trading oil futures in nineteen eighty-three.

Futures markets now largely set the price of oil. Yet these contracts rarely involve an exchange of real barrels of oil. Most oil is traded on what is called the spot market or through other contracts between producers and users. The prices, however, are usually based on futures prices.

Doug MacIntyre is senior oil analyst with the United States Energy Information Administration. He notes that the position of the government is that market forces of supply and demand are driving today’s high oil prices. But he also notes that more money has been going into futures.

This money can be from oil producers and users. But it also comes from banks, big investors called hedge funds and speculators with no need for oil. Speculators try to guess the direction a market will go; in some cases they profit when prices drop.

Realize for a second that it’s not “big oil” driving up the prices: it’s employee unions, banks, investment portfolios, retirement funds, and the like.

For the sake of (absurd) argument, let’s say that Democrats are completely right, and that supply and demand have nothing to do with the price of gasoline. The question becomes, why has the price of gas risen $1.90 a gallon? Why has it increased a whopping 86.93% since the Democrats took over the Congress?

Let’s see, if I were going to gamble on whether the cost of something would go up, would it occur to me that a party coming into power that promised that they would tax the hell out of an industry, hit them with “excess profit” fines, regulate the hell out of them, push all kinds of environmental restrictions on them, and keep them from increasing their domestic supply of product, tell me that the cost would A) go up or B) go down?

If you picked B, you are intelligent enough to invest in the market and earn a profit; if you selected A, you are stupid enough to vote Democrat, and to believe their stupid oxymoronic slogans.

Now, if Democrats like Maxine Waters (who said during one of those Democrat communist show trials of oil company executives), “And guess what this liberal would be all about. This liberal will be about socializing … uh, um … “Would be about, basically, taking over, and the government running all of your companies. …” get their way and we go the way of Hugo Chavez’s Venezuela, what do you think the speculators will “speculate” about the price of gasoline?

The show trials – and the shrill cries to socialize (or nationalize) the oil industry – are all part of another component of the Democrat’s “commonsense plan” to demagogue and demonize the oil industry instead of actually providing more energy.

Nancy Pelosi’s “increasing production of alternative fuels” has sent the corn commodities market sky high (hey, you can blame speculators for that market, too!). We are taking food off our tables and – by an expensive process that ends up producing less energy than it takes to produce it – providing ethanol. There’s some oxymoronic “commonsense” for you!

John F. Wasik puts it this way:

The U.S., in its quest to reduce its reliance on expensive imported oil, may soon consume as much as half its domestic corn crop for fuel production, though the economic benefits have yet to materialize. Ethanol produces one-third less energy than a gallon of gasoline at an average wholesale cost of 33 percent more, according to a U.S. Government Accountability Office study….

The other byproduct of the ethanol obsession is more-expensive food. Higher corn prices have boosted the cost of producing beef, poultry and thousands of processed products.

Food prices have climbed an average of $47 per person due to the ethanol surge since last July, according to an Iowa State University study published in May; corn futures reached a 10-year high of $4.28 a bushel in February. All told, ethanol has cost Americans an additional $14 billion in higher food prices.

These increases have also pushed up sugar prices, which rose to a three-month high in New York on July 18 on speculation that demand for the commodity will strengthen to help produce ethanol, an alternative to oil. Brazil is the largest sugar grower.

Meanwhile, the U.S. government has yet to discover whether its 51-cent-per-gallon ethanol subsidy is efficiently stimulating production of the fuel. One thing the bureaucrats know for sure: It cost the U.S. Treasury $2.7 billion last year with possibly more subsidies on the way.

That article is nearly a year old, now. The corn-ethanol lunacy has gotten much worse since then, and will get worse yet. You can wear the stupidity over your “alternative fuels” too, Speaker Nancy.

Nancy Pelosi is the new postmodern version of Marie Antoinette: “Let them eat ethanol.”

Or, hey! More windmills! That’ll keep your car running! Anything, anything but increased production of the one thing that actually fills your tank. That’s “the commonsense plan.”

I like the way Steve Gill put it:

The Democrats have pursued a clear energy policy since capturing control of
the Congress. First, increase taxes on the oil companies, which increases
the price at the pump. Second, prevent access to new oil sources by
continuing to ban exploration and drilling, which restricts supply and
increases the price at the pump. And finally, increase regulation and
bureaucratic red-tape imposed on the oil industry in order to satisfy the
demands of environmentalists, which increases the price at the pump.
Contrary to their campaign promises, Democrats have done virtually
everything they can do to raise the price of gasoline for U.S. drivers.and
their plan has worked to perfection. The only question is why they aren’t
doing more to take credit for the success of their plan?

Frankly, it’s up to us to make sure the Democrats take their fair share of “credit.”