backtop


Print 95 comment(s) - last by Boingo Twang.. on Mar 7 at 11:06 AM


Rep. Darrell Issa (R-Calif.)
Rep. Darrell Issa (R-Calif.) found that White House advisers had a great deal to do with the writing of the rules

Last week, 30 U.S. senators (29 of which were Democrats) gave President Barack Obama their support for the 54.5 mpg fuel standard by 2025. However, House Republicans still had a bone to pick with these new rules.

The new Corporate Average Fuel Economy (CAFE) proposal, which was introduced by the Obama administration, the state of California and major automakers, aims to increase the average fuel economy of cars and light trucks sold in the U.S. to 54.5 mpg by 2025 in an effort to reduce greenhouse gas emissions and the U.S.' dependency on foreign oil.

When the new rules were initially proposed last year, major automakers like Ford Motor Co., General Motors Co. and Chrysler backed it. However, the standard had some strong opposition from the National Automobile Dealers Association (NADA), who said the new rules would tack an extra $5,000 to the sticker price of new vehicles in 2025, as well as Republicans who worked to block the standard last fall because they believed that it would regulate many new vehicles that sell for under $15,000 entirely out of existence.

Now, despite the rules getting the green light from 30 U.S. senators, House Republicans still have beef with the new rules. More specifically, GOP has been looking into how involved Obama's advisers were in the development of the new 2017-2025 fuel efficiency standards.

Rep. Darrell Issa (R-Calif.) said he investigated Obama's advisers' involvement last August when speaking to White House Counsel Kathryn Ruemmler.

"Your response seemed to imply that the Executive Office of the President was not significantly involved in the development of these fuel economy/greenhouse gas emissions standards," Issa wrote to Ruemmler.

As it turns out, Issa's investigation discovered that there was indeed substantial participation in the development of the new standards by the White House's Office of Management and Budget, Domestic Policy Council, National Economic Council and Council of Economic Quality.

Ron Bloom, a White House adviser under the Obama administration, spent weeks trying to negotiate with automakers for support regarding the 54.5 mpg by 2025 standard. Bloom also spoke with lobbyists daily in July 2011, ad former White House Chief of Staff Bill Daley met with Ford CEO Alan Mulally.

A finalized version of the rules is due this summer.

Source: The Detroit News



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

Want to save some money?
By corduroygt on 3/1/2012 5:09:55 PM , Rating: 5
Stop spending millions of dollars with these BS regulations. Gas prices will take care of it.




RE: Want to save some money?
By Reclaimer77 on 3/1/2012 5:30:38 PM , Rating: 5
That's not the point though. Obama doesn't care about high gas prices, in fact he himself said under his Administration the cost of energy "should rise". And he also appointed Chu as his Energy Secretary who said the goal would be "European gas prices".

Obama can't rely on gas prices to push his agenda because he knows that as soon as a Republican administration is voted in, gas prices will start to go down. The supply will increase from drilling, pipelines will be run, which will also cause OPEC to lower crude prices from fear of competition (like they always do); and everyone will forget about EV's and other nonsense.

CAFE is a more durable and effective way to usher in more "greenness" and to force car companies into making vehicles he feels are more appropriate.


RE: Want to save some money?
By corduroygt on 3/1/12, Rating: -1
RE: Want to save some money?
By Reclaimer77 on 3/1/2012 5:55:49 PM , Rating: 2
quote:
Gas prices are affected by DEMAND, and no president of the US can prevent the demand from China, India, and other developing Southeast Asian countries from rising..


That same demand existed when Bush was in office, you know, when gas was $1.85 when he left office?

Cord, how do you ease demand? You INCREASE supply. If you think blocking 85% of our offshore drilling, blocking the Keystone project, and blocking exploration of oil doesn't effect prices you're nuts.

Pretending that we're 100% at the mercy of oil demand from China and other countries, while sitting on massive reserves ourselves, is typical leftist nonsense. Just because Obama said so, doesn't make it true.

Oil is no different than any other commodity. It's plain and simple economics. Not voodoo or mystical nonsense you guys keep cooking up to explain our energy crisis away.

You people are shameless. Obama and the Democrats BLASTED Bush on gas prices during the campaign. Now, suddenly, President's can't have any effect on them? So which is it? Now Obama and the Democrats are complaining that Republicans are "politicizing" gas prices lol. More hypocrisy!


RE: Want to save some money?
By corduroygt on 3/1/12, Rating: 0
RE: Want to save some money?
By Reclaimer77 on 3/1/12, Rating: -1
RE: Want to save some money?
By Reclaimer77 on 3/1/2012 6:41:32 PM , Rating: 1
Further proof of how bat-brained that statement was. Unlike 2008, we now actually HAVE a world-wide recession. Nay, financial crisis. Yet gas has done nothing but RISE.

You can't twist every fact and situation to work for your statements. I mean, you CAN, but it's just not credible when you do it.


RE: Want to save some money?
By thurston2 on 3/1/2012 11:04:32 PM , Rating: 3
quote:
You can't twist every fact and situation to work for your statements. I mean, you CAN, but it's just not credible when you do it.


Pot meet Kettle.


RE: Want to save some money?
By twhittet on 3/3/2012 2:26:42 PM , Rating: 2
Ha, I wanted to say that!


RE: Want to save some money?
By ekv on 3/2/2012 3:56:16 AM , Rating: 4
quote:
It takes a very long time to increase the supply to a point that it'll make a significant difference, certainly not during a 4-year presidential term.
Didn't the issue of drilling ANWR come up during the Clinton years? Back then, they argued it'd take 10 long years to bring that capacity on line. Let's not start because it takes too long. Hmm, that was 20 years ago.

"It is amazing what you can accomplish if you do not care who gets the credit." Harry S. Truman

"There is no limit to the good you can do if you don't care who gets the credit." General George C. Marshall

"It is amazing how much can be accomplished if no one cares who gets the credit." John Wooden

Mark Twain said, “Great things can happen when you don’t care who gets the credit.”

Et al.


RE: Want to save some money?
By nolisi on 3/1/2012 8:03:54 PM , Rating: 1
Presidents can have a direct effect on gas prices- it happens when you start dropping bombs on oil rich nations and speculators start getting nervous. Other than that any measures we take to increase supply could have no effect as other producers can always adjust production to keep prices high. We saw this in the California electricity crisis- California had plenty of capacity to produce more, but energy producers started shutting off generators to create supply shortages. The same thing can happen with oil refinement.

Since the invasions of Afghanistan and Iraq, prices of crude oil have climbed steadily. It was only in the midst of the recession (when Bush left office) that prices dropped. It had little to do with his policies by that point and more to do with the fact that oil consumption, by all accounts, dropped.

I promise you the price of batteries, electronics and other commodities will go up if we start a war with China.

There's nothing voodoo about prices raising when you bomb a country heavily involved with the supply side of a commodity.

Has Obama started bombing some oil rich country that I don't know about, thusly explaining his direct effect on prices?


RE: Want to save some money?
By 91TTZ on 3/1/2012 10:41:24 PM , Rating: 2
Well he did bomb Libya...


RE: Want to save some money?
By thurston2 on 3/1/2012 11:08:39 PM , Rating: 3
Yes he did. That is one of the many things that makes him very Bush like.


RE: Want to save some money?
By ekv on 3/2/2012 4:05:37 AM , Rating: 3
F.U.
quote:
Since the invasions of Afghanistan and Iraq, prices of crude oil have climbed steadily. It was only in the midst of the recession (when Bush left office) that prices dropped. It had little to do with his policies by that point and more to do with the fact that oil consumption, by all accounts, dropped.
Oil price isn't going up. It's relatively steady. Look at the charts.

http://www.incrediblecharts.com/economy/gold_oil_r...

A sharp drop in crude prices in late 2008 distorted the ratio, causing an incorrect sell signal. Since then, from mid-2009 to 2011, the ratio has oscillated in a narrow range betweeen 12 and 18.

The dollar is cratering. That's what happens when somebody, by executive fiat, simply prints an extra $1T. Obama would be the executive, but you can damn well rest assured the buck don't stop there. Pansy.

I will permit you to apologize. Now.


RE: Want to save some money?
By Keeir on 3/2/2012 10:36:08 AM , Rating: 2
Worldwide "Demand" for oil (millions of billions of barrels a day)

2001 - 79.5
2005 - 78.2
2007 - 76.3
2009 - 75.9

If "Demand" and "War" were the sole drivers, one might think gas should be significantly less expensive through 2009-2010 than any period in the past decade. Not really the way I remember it.


RE: Want to save some money?
By corduroygt on 3/2/12, Rating: -1
RE: Want to save some money?
By mindless1 on 3/2/2012 11:18:44 PM , Rating: 1
Give it up, you're Just. Plain. Wrong.


RE: Want to save some money?
By corduroygt on 3/2/12, Rating: 0
RE: Want to save some money?
By thurston2 on 3/3/2012 5:18:23 PM , Rating: 2
He's mindless what do you expect.


RE: Want to save some money?
By mindless1 on 3/3/2012 6:20:26 PM , Rating: 1
Other people already DID. I would've just downrated the posts but I lost that option after posting in the topic.


RE: Want to save some money?
By nolisi on 3/1/2012 7:58:30 PM , Rating: 1
Presidents can have a direct effect on gas prices- it happens when you start dropping bombs on oil rich nations and speculators start getting nervous. Other than that any measures we take to increase supply could have no effect as other producers can always adjust production to keep prices high. We saw this in the California electricity crisis- California had plenty of capacity to produce more, but energy producers started shutting off generators to create supply shortages. The same thing can happen with oil refinement.

Since the invasions of Afghanistan and Iraq, prices of crude oil have climbed steadily. It was only in the midst of the recession (when Bush left office) that prices dropped. It had little to do with his policies by that point and more to do with the fact that oil consumption, by all accounts, dropped.

I promise you the price of batteries, electronics and other commodities will go up if we start a war with China.

There's nothing voodoo about prices raising when you bomb a country heavily involved with the supply side of a commodity.

Has Obama started bombing some oil rich country that I don't know about, thusly explaining his direct effect on prices?


RE: Want to save some money?
By RjBass on 3/1/2012 8:14:46 PM , Rating: 2
Hmmmm, I seem to remember gas prices hitting over $5/gal at one point during Bush's term. I never blamed him though as I knew better then to think the president can actually change the price of gas.


RE: Want to save some money?
By thurston2 on 3/1/2012 11:02:42 PM , Rating: 4
Gas prices hit their all time high the last summer Bush was in office at $4.21/gal. In November when Obama won the election gas prices dropped to $1.61/gal. Did you not think anyone would check your facts? Your $1.85/gal figure is from right after Obama was elected in November, gas was $4.21 just a few month earlier. You can try to spin your bullshit any way you want but the facts don't lie and I've included links to charts with the true numbers.

Past 3 yrs

http://bit.ly/pfpGFa

Peak gas prices during the Obama administration are about $.25 lower than the peak price during the Bush administration.

Here is the 6 yr chart, notice gas prices averaged higher while Bush was is office than while Obama has been in office.

http://bit.ly/hbVsXE

Doesn't it suck when the facts get in the way of your shitty argument?


RE: Want to save some money?
By room200 on 3/2/2012 3:24:46 AM , Rating: 1
If you've read any posts by Reclaimer77, you'll know that he cares NOTHING about facts. Once again, we could be talking about peanut butter and jelly, he'll ;ead the discussion to something negative about Obama. It's as if he has Obama derangement synfrome.


RE: Want to save some money?
By Rott3nHIppi3 on 3/2/2012 9:01:19 AM , Rating: 2
quote:
Doesn't it suck when the facts get in the way of your shitty argument?


It sure does. Gas exceeded $4 for only 2 months out of bush's 96 month term (June and July of 2008, respectively). It only exceeded $3.20 for 7 months out of that same time frame (7% of term). It dropped to $1.67 by December of that same year.

Obama's term has seen 1 full year of prices above $3 (33% of term) and is expected to get as high as $5. Call me crazy, but by the end of 2012, Bush's numbers will seem pretty petty. That's a fact!

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?...


RE: Want to save some money?
By thurston2 on 3/2/2012 9:49:55 AM , Rating: 2
I don't know if you saw the charts I posted, guess not, but average gas prices have never exceeded $4/gal during the Obama administration.


RE: Want to save some money?
By Rott3nHIppi3 on 3/2/2012 10:12:26 AM , Rating: 2
WFT does that have to do with anything? Firstly, I never said he had; I specifically stated.. IT EVENTUALLY WILL and possibly even see $5. Secondly, I'm defining your use of the word "Skyrocketing" as a measure of "high gas prices" vs "length of President's term." If we consider $2.50 as a "reasonable" price for one gallon of gas, then Obama takes the prize for "High Gas Prices during the presidents term." Christ dude... you're trying to play a game of "$3.86 isn't $4 so Obama wins" BS. LOL!! Keep digging!!

My charts are provided by the Energy Department; I'll stick with them.


RE: Want to save some money?
By Breathless on 3/2/2012 10:26:36 AM , Rating: 2
checkmate


RE: Want to save some money?
By Reclaimer77 on 3/2/12, Rating: 0
RE: Want to save some money?
By room200 on 3/2/2012 3:21:34 AM , Rating: 1
I haven't seen evidence that Obama "blamed" Bush for high gas prices; other than the fact that you claim it is so. Link to it (no neocon websites please).


RE: Want to save some money?
By Rott3nHIppi3 on 3/2/2012 9:05:06 AM , Rating: 2
That's because in 2007, Obama was a nobody. Nancy Pelosi and Senate Dems, on the other hand, had no problems pointing the finger. Remember.. "Wall Street" = Bush in 2007/2008.

http://thehill.com/blogs/e2-wire/e2-wire/212137-pe...


RE: Want to save some money?
By Reclaimer77 on 3/2/12, Rating: 0
By toyotabedzrock on 3/2/2012 6:48:20 PM , Rating: 2
Demand has increased. And bush still hold the record for having the highest gas prices.


RE: Want to save some money?
By TSS on 3/1/12, Rating: 0
RE: Want to save some money?
By Reclaimer77 on 3/1/2012 6:15:25 PM , Rating: 2
Every time a Republican gets into office and starts talking about drilling and increasing oil production, what happens? OPEC is magically able to increase their production and the cost of crude per barrel drops. OPEC is not stupid, they know how to play the game.


RE: Want to save some money?
By jjmcubed on 3/1/2012 6:51:04 PM , Rating: 2
And if we dump 100k barrels on them then they just drop their production to keep the prices high.


RE: Want to save some money?
By Reclaimer77 on 3/1/2012 6:57:04 PM , Rating: 2
100k? Seems a little low. We have the ability to generate FAR more oil than that. We don't even NEED OPEC. Thank god people in Canada, where we import the majority of our oil from (NOT the Middle East) has a clue. Too bad we don't.

"Canada will not even consider joining OPEC. Our energy production in Canada is based on the principles of a free market. We will not stray from that at all"

Canadian Natural Resources Minister Gary Lunn

America has the ability to be far more energy independent than we are. Too bad oil has become more of a political chew toy than a needed commodity.


RE: Want to save some money?
By jjmcubed on 3/1/2012 7:04:05 PM , Rating: 2
It was just a number I threw out. You do know that any oil we produce goes on the Global market right? And my point was that they know how to play the game as well. OPEC has shown time and time again they will reduce output to keep demand and prices up.


RE: Want to save some money?
By Reclaimer77 on 3/1/2012 7:12:05 PM , Rating: 2
Of course I do. Don't you understand? Oil, like any other global commodity on a free market, is susceptible to competitive forces. The reason OPEC can do that is because there is very little competition in the market. Countries that can't, or won't, produce their own oil are literally at their mercy.

Every move made by Obama to decrease our supply and hamper prospecting, has put us more and more at the mercy of OPEC and other exporters. This is really simple stuff here.

This convenient election year flim flam that there's nothing we can do to affect oil prices is garbage. Plain and simple. A fabrication.


RE: Want to save some money?
By jjmcubed on 3/1/2012 7:20:41 PM , Rating: 2
If you think that we can open our spouts all of the sudden and have an effect on the global market, sorry. We can't.

I don't usually comment on these as I get tired of your continued insulting comments.

"This is really simple stuff here"
"Don't you understand?"

You can continue to listen to your "experts" and I'll continue to listen to my "experts". Unless you work in the commodity or trading in oil, I'll continue to disagree with you no matter how much name calling you do.


RE: Want to save some money?
By Reclaimer77 on 3/1/2012 7:34:12 PM , Rating: 2
quote:
If you think that we can open our spouts all of the sudden and have an effect on the global market, sorry. We can't.


We've already proved the inverse is true. So sorry, can't agree. You're flat out wrong.

quote:
I'll continue to disagree with you no matter how much name calling you do.


I haven't called you a single name.


RE: Want to save some money?
By thurston2 on 3/1/2012 11:52:52 PM , Rating: 1
He did list two specific insults you said, I figured you were at least intelligent enough to realize that's what he meant by name calling. Maybe I give you too much credit.

(see others can do it too)


RE: Want to save some money?
By Reclaimer77 on 3/2/2012 1:52:51 PM , Rating: 2
I don't consider it an "insult" if you're pointing out to somebody that they are wrong, or are not focusing on the key issue of a topic of discussion.

Now yes, I have a reputation of being rude. I have been known to call people "idiots" for simply having a different opinion. That's wrong, and I'm going to start working on that.

However I honestly didn't insult the man yesterday, or at least, did not intend to.


RE: Want to save some money?
By EnzoFX on 3/1/2012 7:43:10 PM , Rating: 2
Don't bother with lost causes.


RE: Want to save some money?
By thurston2 on 3/1/2012 11:56:00 PM , Rating: 2
jimcubed do you work in commodity or oil trading? Just wondering.


RE: Want to save some money?
By nick2000 on 3/2/2012 12:07:10 AM , Rating: 2
Small matters like the number of years needed to actually setup a well are conveniently forgotten by some.not to mention that *we* do not own the oil on our land. We only lease the land to oil companies who have absolutely no interest in prices going down...

Killing speculation somehow would have a faster impact and might decrease oil prices by up to 30% according to some figures.


RE: Want to save some money?
By Reclaimer77 on 3/2/2012 2:18:13 PM , Rating: 2
quote:
We only lease the land to oil companies who have absolutely no interest in prices going down...


Higher gas prices equal people cutting back, buying hybrids, etc etc. So the idea that we're being gouged by oil companies isn't responsible for our high fuel costs. Oil companies do not set the prices on crude oil. But they DO have an interest in profits. If a commodity like oil becomes prohibitively expensive you end up losing profit margins. Which is what's been happening to oil companies over the past few years. While the media and the left focus on profits a more in-depth look shows oil profit margins are getting slimmer. Believe me, oil companies have a BIG interest in seeing their margins go up.

Speculators are a convenient scapegoat, but they aren't part of the problem. In fact by going after speculators, all you're really doing is helping crude prices go up. Speculators actually help the price on commodities to remain more stable than they would be without. I would really love to see your source who can prove killing speculation would cause a whopping 30% drop in oil prices. That's almost impossible to believe.

A lot of people don't really understand what a speculator does. By taking big risks in good times and buying commodities, they are able to making a profit by selling their investment when prices go up. Speculating is risky and they can, and DO, lose LOTS of money. But this practice has an overall affect of stabilizing prices. Because by their very nature, they are increasing the supply of a commodity (oil) just when the market needs it most.

Without speculation we would see wild and alarming increases in oil prices.


RE: Want to save some money?
By Keeir on 3/2/2012 7:34:26 PM , Rating: 2
A few additional notes.

A quick trip to Google Finance will show you that most Oil and Gas companies make around 8% net profit margin and around 8% return on assests.

Apple and Microsoft are both in the 20%+ range for each of these categories.

Gap and American Eagle also both beat 8%.

General Mills and Kellog average around 10%.

Dish and DirectTV average around 12%.

Despite the price at the pump or the amount of profits, Oil and Gas companies are not significantly more profitable or better uses of Capital than the underlying US economy.

On speculation. Its true that Speculators can create artifically bubbles or troughs in pricing for a commodity. But bubble life is usually proportional to the lifecycle of a product. Oil and Gas contracts typically have a lifecycle less than a few years. Its unlikely that a long term bubble can be created by oil speculation. Consider the housing bubble in the US? It lasted around 5-6 years. Which incidently is right about the lifetime of a typical home purchase (large numbers of people live in a home for only 5-10 years)


RE: Want to save some money?
By nick2000 on 3/2/2012 12:11:07 AM , Rating: 2
Except hat Canada's tar sands are very costly to exploit and are only now interesting because of the current high price of oil. They have no interest in prices going down because it would simply kill them...


RE: Want to save some money?
By nick2000 on 3/2/2012 12:11:49 AM , Rating: 2
Except that Canada's tar sands are very costly to exploit and are only now interesting because of the current high price of oil. They have no interest in prices going down because it would simply kill them...


RE: Want to save some money?
By thurston2 on 3/1/2012 11:30:09 PM , Rating: 1
Once again it appears the facts don't jive with your bullshit. Gas lowered after the oil embargo of the 70's when Reagan took office and STAYED low through out the Clinton administration and then skyrocketed when Bush took office.


RE: Want to save some money?
By Rott3nHIppi3 on 3/2/2012 9:16:45 AM , Rating: 2
Really? Where you pulling those numbers from to create that BS argument?

In December of '99, Natl average was $1.35. By Oct of 2001, avg dropped to $1.27. It wasn't until March of 2007 (Post Bush 1st term) where averages exceeded $3. Then prices varied between $3 and $4 through July of 2008. That's ONE YEAR of prices above $3 (and please do remember this). =It then nose-dived to $1.67 by the end of his term.

OBAMA "inherited" $1.67 and it jumped to $2.09 just 4 months into his term. Its been above $3 since Jan 2011. THAT'S 3 YEARS of "Skyrocketing" prices by your definition, no! It's OK, that's why I'm here!

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?...


RE: Want to save some money?
By Rott3nHIppi3 on 3/2/2012 9:26:32 AM , Rating: 2
Also as a friendly reminder, Dems took over the Senate in 2006. Coincidence to see gas prices rise after that event? I think not... not when you have whack-jobs like this running the show!

http://news.investors.com/article/602761/201202291...


RE: Want to save some money?
By Reclaimer77 on 3/2/12, Rating: 0
RE: Want to save some money?
By nick2000 on 3/2/2012 9:15:12 PM , Rating: 2
This guy hates democrats so much that he cannot use his brain. The "easy" oil is gone. Anything left is hard and costly to extract which means that it would not lower the cost on any way.

The only real solution is to add alternate sources of energy. This is why the Chinese make oil out of coal. Not a very good solution but it works and there is plenty of coal. Algae look good too. Natural gas is not bad either. What is for sure is that there is no perfect solution and claiming that oil will be plentiful is comparable to putting your fingers in your ears and saying "la la la I can't hear you". It is funny but very childish and shortsighted. The best of all this is that even if tomorrow we find a gigantic new source of oil, we will have alternate sources anyway just in case.


RE: Want to save some money?
By nick2000 on 3/2/2012 9:15:57 PM , Rating: 2
This guy hates democrats so much that he cannot use his brain. The "easy" oil is gone. Anything left is hard and costly to extract which means that it would not lower the cost on any way.

The only real solution is to add alternate sources of energy. This is why the Chinese make oil out of coal. Not a very good solution but it works and there is plenty of coal. Algae look good too. Natural gas is not bad either. What is for sure is that there is no perfect solution and claiming that oil will be plentiful is comparable to putting your fingers in your ears and saying "la la la I can't hear you". It is funny but very childish and shortsighted. The best of all this is that even if tomorrow we find a gigantic new source of oil, we will have alternate sources anyway just in case.


RE: Want to save some money?
By mindless1 on 3/2/2012 11:42:10 PM , Rating: 2
False. Existing tech for processing shale oil can be profitable if crude oil is above roughly $30/barrel. Take a look at this PDF, especially the chart on pg 34:
http://www.fossil.energy.gov/programs/reserves/npr...

However I do agree that natural gas will b e an important energy source in the future - IF politics doesn't warp the public's mind and trick them into more stupidity like subsidizing electric vehicles and trying to raise gas prices intentionally.

Oil WILL BE AND IS plentiful. There is no shortage at all nor will there be for many decades into the future if not hundreds of years. We do not need any "gigantic new source of oil", only to make people accountable for their questionable agendas so the price isn't artificially high.

The FACT is we could produce oil for less than we are paying for it. Apparently all the falsehoods you've heard are making you ignore this reality. We do not need some "new" thing at all, just to throw out all the BS nonsense we're being told and demand to keep more US dollars in the US.


RE: Want to save some money?
By nick2000 on 3/2/2012 9:19:28 PM , Rating: 2
This guy hates democrats so much that he cannot use his brain. The "easy" oil is gone. Anything left is hard and costly to extract which means that it would not lower the cost on any way.

The only real solution is to add alternate sources of energy. This is why the Chinese make oil out of coal. Not a very good solution but it works and there is plenty of coal. Algae look good too. Natural gas is not bad either. What is for sure is that there is no perfect solution and claiming that oil will be plentiful is comparable to putting your fingers in your ears and saying "la la la I can't hear you". It is funny but very childish and shortsighted. The best of all this is that even if tomorrow we find a gigantic new source of oil, we will have alternate sources anyway just in case.


RE: Want to save some money?
By EricMartello on 3/1/2012 9:05:49 PM , Rating: 2
quote:
HAHAHAHAHAHAHAHAHAHA.....what a load of BS.

Gas prices are affected by DEMAND, and no president of the US can prevent the demand from China, India, and other developing Southeast Asian countries from rising...unless there is another big financial meltdown like what happened in 2008 of course. If there's going to be a strong economy, that will mean higher demand and higher prices, and it'll balance out at some point. You're deluded if it has anything to do with who gets elected as president.


There are two things happening:

1) US refineries are exporting their oil to enjoy higher profits than they would by selling it domestically.

2) The oil cartels cut production to raise the price. This type of "market manipulation" has existed ever since they began exporting oil.

The demand for oil in the US has remained fairly constant, despite our recent and current economic woes. Democratic policies tend to make everything more expensive without adding any value to that which is costing us money - they're all about appealing to idiots, much like Apple.

What could a president do to combat high gas prices? He could impose tariffs on the US refiners to coax them into selling their oil domestically rather than exporting it, thereby addressing point #1 and lowering the price of oil for Americans. In doing so, the cartels would increase production to remain competitive and guess what...price per barrel drops globally.


RE: Want to save some money?
By Rott3nHIppi3 on 3/2/2012 9:32:59 AM , Rating: 2
Ding! Pretty much hit the nail on the head. Obama is going around telling everyone how he has increased domestic oil production and selling it as though we directly benefit. The fact is, its all getting exported. At home, demand for domestic oil is actually down so nothing about Obama's narrative makes any sense. If demand is down, and production is up, you'd expect to see lower prices.
quote:
Democratic policies tend to make everything more expensive without adding any value to that which is costing us money - they're all about appealing to idiots, much like Apple.

LOL! +2


RE: Want to save some money?
By corduroygt on 3/2/2012 9:59:17 AM , Rating: 2
quote:
Ding! Pretty much hit the nail on the head. Obama is going around telling everyone how he has increased domestic oil production and selling it as though we directly benefit. The fact is, its all getting exported. At home, demand for domestic oil is actually down so nothing about Obama's narrative makes any sense. If demand is down, and production is up, you'd expect to see lower prices.

But I thought you republicans opposed government meddling in business and all their regulations?


RE: Want to save some money?
By Rott3nHIppi3 on 3/2/2012 10:28:54 AM , Rating: 2
Is that a Bill Maher talking point or John Stewart? Republicans are not opposed to regulations; They're opposed to regulations that stifle production and serves no added benefit or security. Big difference, but nice attempt anyway. If you need examples, I'll be happy to do the google'ing for you.


RE: Want to save some money?
By nick2000 on 3/2/2012 2:04:53 PM , Rating: 2
Politicians only oppose regulations they do not like and push for other regulations. Sometimes it has to do with reproduction or re-production.

It comes more from who pays the bill (corporations, big donors, etc...) and who votes (religious groups, etc...) than any real opinion it seems. Since you are mentioning Republicans, Mitt Romney is a good example these days it seems since nobody can essentially determine what he is really for. Ron Paul seems to be a lot more reliable on that front.


RE: Want to save some money?
By corduroygt on 3/2/2012 3:06:13 PM , Rating: 3
Just like all these abortion legislations that Republicans are pushing all over the country? Exactly what added benefit or security do they provide? How did Bush's ban on stem cell research benefit the country?


RE: Want to save some money?
By EricMartello on 3/4/2012 3:49:11 PM , Rating: 2
quote:
Just like all these abortion legislations that Republicans are pushing all over the country? Exactly what added benefit or security do they provide? How did Bush's ban on stem cell research benefit the country?


Those points of contention haven't driven up the costs of the fundamentals people need - like food and energy, and we're talking about energy here not social issues.

In fact, idiotic "green energy" initiatives based on pseudo-science and zero evidence have driven up both of those costs for all Americans. The whole corn ethanol thing drove up prices of food, requiring additional additives to gas that may or may not have any benefit increases the price of gas, providing taxpayer-backed loans and incentives to "green" companies that have yet to provide a viable product or a profit wastes money better spent on infrastructure maintenance and improvement.

How did any of Obama's policies benefit the country?


RE: Want to save some money?
By lagomorpha on 3/2/2012 10:07:18 AM , Rating: 2
quote:
The supply will increase from drilling, pipelines will be run, which will also cause OPEC to lower crude prices from fear of competition (like they always do); and everyone will forget about EV's and other nonsense.


The sad thing is, there will be a several year delay between drilling and pipeline construction and reduction in gas prices because of construction times. Even if a republican was in office when construction began, a democrat would end up getting credit for it years later.

On the point of high gas prices pushing for more fuel efficiency in new cars: The people that can afford new cars are not usually the people most concerned about fuel costs, they have a bit of disposable income. CAFE is designed to encourage new cars to use less fuel without as severely impacting the people that must stick with older cars until the current batch become used cars. Is it a fair system to increase the price of new cars in order to create more fuel efficient used cars down the line? Probably not, but it's hard to tell how much the cost added to new cars compares to the reduced fuel consumption and effect on fuel prices for new car buyers.

The only other solution I can think of to increase the fuel economy of older cars without significantly increasing the price of new cars is for manufacturers to make cars with an "economy kit". When new, the car would have the full power and pep that a new car buyer wants and whenever the owner wants there could be a way to cheaply change the fuel mapping and valve lift for less power and lower fuel consumption.


RE: Want to save some money?
By FITCamaro on 3/2/2012 3:06:19 PM , Rating: 2
The argument that its takes a few years to get wells and pipelines into production is as worthless as not building them. If we'd started back when Bush was president, they'd be online or nearing completion by now.

Now you have idiots like Chuck Schumer once again saying that drilling shouldn't be done because it takes too long. And that we should push the Saudis to expand production. But I thought they wanted to reduce dependence.

Yes oil companies (like any company) will always sell to the highest bidder. But a higher supply will almost always equal a lower price.


RE: Want to save some money?
By mindless1 on 3/2/2012 11:45:39 PM , Rating: 2
but that lower price will still be felt by countries paying more than us. Can't have free trade and a global economy without our gas prices rising to mirror Europe's/etc. (minus shipping cost).


RE: Want to save some money?
By lagomorpha on 3/2/2012 10:07:23 AM , Rating: 2
quote:
The supply will increase from drilling, pipelines will be run, which will also cause OPEC to lower crude prices from fear of competition (like they always do); and everyone will forget about EV's and other nonsense.


The sad thing is, there will be a several year delay between drilling and pipeline construction and reduction in gas prices because of construction times. Even if a republican was in office when construction began, a democrat would end up getting credit for it years later.

On the point of high gas prices pushing for more fuel efficiency in new cars: The people that can afford new cars are not usually the people most concerned about fuel costs, they have a bit of disposable income. CAFE is designed to encourage new cars to use less fuel without as severely impacting the people that must stick with older cars until the current batch become used cars. Is it a fair system to increase the price of new cars in order to create more fuel efficient used cars down the line? Probably not, but it's hard to tell how much the cost added to new cars compares to the reduced fuel consumption and effect on fuel prices for new car buyers.

The only other solution I can think of to increase the fuel economy of older cars without significantly increasing the price of new cars is for manufacturers to make cars with an "economy kit". When new, the car would have the full power and pep that a new car buyer wants and whenever the owner wants there could be a way to cheaply change the fuel mapping and valve lift for less power and lower fuel consumption.


By Philippine Mango on 3/2/2012 2:05:00 AM , Rating: 3
Not entirely true... Part of the reason is that development and performance limiting vehicles is so expensive and costly that companies are tasked with the "you go first" mentality so then nobody does it. If everybody is subjected to the same fuel economy requirement, then they all have to take steps to improve fuel economy and therefore the playing field is leveled, though there is a cost to it. The only regulations that I think should go are the requirements for various 'safety' features... Especially that very expensive requirement for backup cameras!!!


"This week I got an iPhone. This weekend I got four chargers so I can keep it charged everywhere I go and a land line so I can actually make phone calls." -- Facebook CEO Mark Zuckerberg














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki