Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:32 AM

GasBuddy News Article

80
votes
'Stupid' and Oil Prices

Wall Street Journal (Op) -- 'The American people aren't stupid," thundered President Obama yesterday in Miami, ridiculing Republicans who are blaming him for rising gasoline prices. Let's hope he's right, because not even Forrest Gump could believe the logic of what Mr. Obama is trying to sell.

To wit, that a) gasoline prices are beyond his control, but b) to the extent oil and gas production is rising in America, his energy policies deserve all the credit, and c) higher prices are one more reason to raise taxes on oil and gas drillers while handing even more subsidies to his friends in green energy. Where to begin?

It's true enough that oil prices can't be commanded from the Oval Office, so in that sense Mr. Obama's disavowal of blame is a rare show of humility in the face of market forces. Would that he ...


Read the Full Article

Submitted Feb 24, 2012 By: CosmicP
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: 'Stupid' and Oil Prices Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
ToolinIt
Champion Author Colorado

Posts:1,831
Points:1,190,755
Joined:May 2010
Message Posted: Feb 28, 2012 10:32:58 PM

Why has this old article resurfaced again?! It doesn't meet guidelines.
Profile Pic
1006
Champion Author Birmingham

Posts:1,125
Points:1,590,340
Joined:Apr 2008
Message Posted: Feb 28, 2012 10:08:17 PM

can it go any further
Profile Pic
1006
Champion Author Birmingham

Posts:1,125
Points:1,590,340
Joined:Apr 2008
Message Posted: Feb 28, 2012 7:55:40 AM

these comments are pathetic
Profile Pic
mpg611
Champion Author Cleveland

Posts:4,028
Points:906,870
Joined:Apr 2011
Message Posted: Feb 25, 2012 1:20:03 AM

Anyone who votes for a politician based on religion and other pointless social issues is stupid.
Profile Pic
OmieCA
Veteran Author California

Posts:253
Points:193,135
Joined:May 2011
Message Posted: Feb 25, 2012 1:14:37 AM

"Lise, is like a box of chocolates... Don't eat it all in one sitting!"
Profile Pic
jrsva
Champion Author Virginia

Posts:11,693
Points:1,949,875
Joined:Jan 2006
Message Posted: Feb 25, 2012 1:03:11 AM


This is an opinion column from the Op-Ed pages of the WSJ.
It is not a news article and does not belong in Newsville.
Profile Pic
singlemom27
Champion Author Ventura

Posts:4,773
Points:974,150
Joined:Apr 2011
Message Posted: Feb 25, 2012 1:01:58 AM

Congress could reduce our pain at the pump by making speculation illegal.
Profile Pic
aggietim
Champion Author Fort Worth

Posts:2,237
Points:952,830
Joined:Oct 2008
Message Posted: Feb 25, 2012 1:01:32 AM

yeah
Profile Pic
kgbellman
Champion Author Ann Arbor

Posts:4,386
Points:1,068,205
Joined:Mar 2011
Message Posted: Feb 25, 2012 1:00:57 AM

Interesting
Profile Pic
sammy518
Champion Author Austin

Posts:2,589
Points:539,790
Joined:Dec 2010
Message Posted: Feb 25, 2012 1:00:02 AM

ok
Profile Pic
bif65
Champion Author Virginia

Posts:1,041
Points:248,690
Joined:Jan 2011
Message Posted: Feb 25, 2012 12:59:53 AM

ok
Profile Pic
jem069
Champion Author Detroit

Posts:3,846
Points:952,040
Joined:Jan 2011
Message Posted: Feb 25, 2012 12:59:53 AM

ok
Profile Pic
PoohMcGoo
Champion Author Alabama

Posts:3,567
Points:1,075,535
Joined:Dec 2010
Message Posted: Feb 25, 2012 12:59:47 AM

He'll be blamed as long as he's president, just like all the others have been blamed..
Profile Pic
FastAndy
Champion Author Indianapolis

Posts:4,513
Points:2,280,940
Joined:Jun 2007
Message Posted: Feb 25, 2012 12:59:44 AM

He is just running for re-election now, he is not going to take the blame for anything now.
Profile Pic
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Feb 25, 2012 12:59:42 AM

The only thing I blame Obama for is wasting tax dollars on green programs.
Profile Pic
tippybuddy
Champion Author Ontario

Posts:1,523
Points:207,740
Joined:Feb 2011
Message Posted: Feb 25, 2012 12:59:41 AM

no one seems to be able to control prices except the people on the stock market...with all their money their killing the commom person
Profile Pic
Throroughbred
Champion Author Cleveland

Posts:1,031
Points:1,210,770
Joined:Jun 2007
Message Posted: Feb 25, 2012 12:59:25 AM

Don't believe everything you read or hear. Do some research like if government policies were different in regards to the future it would have a great impact on gas prices. Pricing has been about futures for some time.

[Edited by: Throroughbred at 2/25/2012 12:04:51 AM EST]
Profile Pic
Wierbe
Champion Author Cincinnati

Posts:5,404
Points:1,450,665
Joined:Apr 2006
Message Posted: Feb 25, 2012 12:59:09 AM

No matter what the economics, both parties want all the credit and none of the blame. It must be an election year.
Profile Pic
Dodge_Me
Champion Author Atlanta

Posts:2,222
Points:804,940
Joined:Mar 2006
Message Posted: Feb 25, 2012 12:57:50 AM

Hmm
Profile Pic
Rooster922
Champion Author Wilmington

Posts:3,980
Points:873,320
Joined:Jan 2009
Message Posted: Feb 25, 2012 12:55:55 AM

Mr. President, you or who ever promise to lower gas prices to be elected is Baloney only geared to less educated no nothing individual to believed.
Profile Pic
melvindale
Champion Author Michigan

Posts:1,438
Points:351,230
Joined:Jun 2011
Message Posted: Feb 25, 2012 12:55:49 AM

I hate when the republican party puts its opinion out masquerading as news.

I also hate that most people posting to GasBuddy.com are clearly republicans who think this is a republican blog site.

I noticed that the supposed article never mentioned futures trading when discussing gas prices. You can't give a balanced report without mentioning the effect of traders on fuel prices. It is the biggest single component. It is why prices are always higher than the market forces predict. This is true of any commodity where there is a futures market.
Profile Pic
chvytruk
All-Star Author Kentucky

Posts:806
Points:410,235
Joined:Sep 2006
Message Posted: Feb 25, 2012 12:55:29 AM

Obama, peace be upon his skinny pathetic arse, intends every bit of this - only by accident is anything to benefit us until he completes transforming this country.
And we owe no small amount of *thanks* to the SAGOP -Spineless Asses of the GOP.
Profile Pic
hcivic
Champion Author Virginia

Posts:5,522
Points:2,598,630
Joined:Aug 2005
Message Posted: Feb 25, 2012 12:49:28 AM

he cant control the markets!
Profile Pic
g747
Champion Author Mobile

Posts:6,143
Points:1,254,560
Joined:Jul 2009
Message Posted: Feb 25, 2012 12:49:08 AM

Put pressure on the markets to make it cheaper;dispite global turmoil.
Profile Pic
kgbellman
Champion Author Ann Arbor

Posts:4,386
Points:1,068,205
Joined:Mar 2011
Message Posted: Feb 25, 2012 12:48:56 AM

Interesting
Profile Pic
MotoDad
Champion Author Phoenix

Posts:1,707
Points:1,088,590
Joined:Sep 2006
Message Posted: Feb 25, 2012 12:42:09 AM

He sure hasn't fixed the economy!
Profile Pic
Sundarakhemesi
Sophomore Author Montreal

Posts:227
Points:101,370
Joined:Feb 2012
Message Posted: Feb 25, 2012 12:41:21 AM

It's true
Profile Pic
fenster66
Champion Author Pittsburgh

Posts:5,038
Points:1,010,740
Joined:May 2011
Message Posted: Feb 25, 2012 12:39:53 AM

I've heard enough...
Profile Pic
skybiker
Champion Author South Carolina

Posts:8,492
Points:1,869,135
Joined:Jul 2008
Message Posted: Feb 25, 2012 12:36:43 AM

Maybe, But you can release leases and allow the pipeline and drilling in ANWR.....
Profile Pic
eswi
Champion Author Madison

Posts:4,208
Points:1,018,905
Joined:Mar 2009
Message Posted: Feb 25, 2012 12:34:24 AM

OK
Profile Pic
us4usa
Champion Author Missouri

Posts:7,011
Points:1,369,985
Joined:May 2008
Message Posted: Feb 25, 2012 12:33:53 AM

"Mr. Obama has also spent three years blaming George W. Bush for every economic ill. If Mr. Obama now feels frustrated by economic events beyond his control, perhaps he should call Mr. Bush for consolation."Blaming never fixed anything...

[Edited by: us4usa at 2/24/2012 11:35:41 PM EST]
Profile Pic
wwardyota
Champion Author Honolulu

Posts:1,451
Points:795,210
Joined:May 2008
Message Posted: Feb 25, 2012 12:33:03 AM

me, me, me, mee-eeee....
Profile Pic
ratones1
Champion Author Los Angeles

Posts:3,257
Points:994,685
Joined:Mar 2011
Message Posted: Feb 25, 2012 12:28:44 AM

politics...
Profile Pic
HDFXR1991
Veteran Author Wisconsin

Posts:484
Points:194,055
Joined:Sep 2008
Message Posted: Feb 25, 2012 12:27:26 AM

Hang on this new ride aint even started!
Profile Pic
krieg2012
Rookie Author Arkansas

Posts:2
Points:415
Joined:Feb 2012
Message Posted: Feb 25, 2012 12:22:02 AM

And drilling should begin in Alaska immediately along with more offshore.
Profile Pic
redrockon
Champion Author Ontario

Posts:12,296
Points:1,845,545
Joined:Jul 2007
Message Posted: Feb 25, 2012 12:19:21 AM

refineries are closing, bringing gas prices up. Obama should make it a policy to keep or build refineries to keep the gas flowing. Pipelines from Canada should be built to keep from importing dirty Persion gulf oil.
Profile Pic
The_DR
Champion Author New Jersey

Posts:4,362
Points:916,340
Joined:Aug 2011
Message Posted: Feb 25, 2012 12:17:43 AM

Stupid is as Stupid Does.
Profile Pic
Rt118E
Champion Author Pennsylvania

Posts:11,449
Points:1,703,945
Joined:Jun 2009
Message Posted: Feb 25, 2012 12:13:43 AM

This high prices are & will hurt everyone. We need leadership not fighting!
Profile Pic
krieg2012
Rookie Author Arkansas

Posts:2
Points:415
Joined:Feb 2012
Message Posted: Feb 25, 2012 12:12:53 AM

Every President for the past 50 years has said (in their campaign speeches) that we must reduce our dependence on foreign oil. All have lied in order to get elected. They could do something about it if they would simply open up domestic oil production - they will not because the big money for campaigns comes from those associated with oil companies and the oil lobbyists. Why on earth do we keep electing these liars, these crooks and these idiots who only think of themselves and who want to boost their own egos by gaining some public office where they think of themselves as gods and where so many look at them as "something special". There is not a one of them who has had to work for a living. Obama is bankrupting this country and the Republicans cannot come up with a decent candidate. I would even take Hillary back in the White House and even as President. She and Bill did a great job. If they can't get back in then I say dump anyone who has held public office ... THROW THE BUMS OUT!
Profile Pic
zonkthegreat
Champion Author San Diego

Posts:2,642
Points:275,175
Joined:Jun 2011
Message Posted: Feb 25, 2012 12:08:46 AM

Big oil is laughing all the way to the stockholders on this one. Point the finger at everyone but the right party.

GREED IS GOOD!

To bad most of you here can't see the trees thourgh the smoke and mirors.
Profile Pic
hubhunts
Veteran Author Alabama

Posts:373
Points:80,610
Joined:Jun 2008
Message Posted: Feb 25, 2012 12:07:10 AM

That proves he is not American.We are not stupid.He is and needs to go back to his country and faith.
Profile Pic
Lukus
Champion Author Halifax

Posts:9,889
Points:2,001,500
Joined:Nov 2007
Message Posted: Feb 25, 2012 12:04:08 AM

Oil prices are being controlled by the spectulators. We are paying almost as much now as when oil was at $140 not the $108 it is now.
Profile Pic
LQQKGAS
Champion Author Phoenix

Posts:4,212
Points:1,521,585
Joined:Oct 2009
Message Posted: Feb 25, 2012 12:03:36 AM


Stupid and oil prices in the same sentence is an oxy-moran. kind'a like:

Jumbo shrimp and,

Gay marriage.
Profile Pic
FuelOilOH
Champion Author Cleveland

Posts:2,853
Points:1,201,145
Joined:Oct 2007
Message Posted: Feb 24, 2012 11:57:35 PM

If you take into account the political misgivings which have lead us to this point, one can rightly blame our child prodigy President. We can and must do better in November just to repeal the huge debacle dubbed ObamaCare.
Profile Pic
carman11
Champion Author North Carolina

Posts:5,055
Points:1,028,375
Joined:Jun 2011
Message Posted: Feb 24, 2012 11:52:52 PM

ALL OF YOU ARE RIGHT ON!!!!
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:12,591
Points:2,468,890
Joined:Apr 2007
Message Posted: Feb 24, 2012 11:52:45 PM

WS is the one to blame for the high prices. Their CIFs boost the price of commodities while providing no offsetting benefit at all.
Profile Pic
mrbee
Champion Author Little Rock

Posts:5,445
Points:2,802,200
Joined:Oct 2005
Message Posted: Feb 24, 2012 11:48:27 PM

What a mess!
Profile Pic
suzmar
Champion Author Texas

Posts:3,167
Points:1,185,490
Joined:Jun 2006
Message Posted: Feb 24, 2012 11:46:21 PM

This article makes a lot of sense, Mr. Obama's middle east policy is a shambles, and under is watch the dollar has plummeted. Oil is denominated in dollars, thus making oil much more expensive for the U.S. He also vetoes Keystone XL and greatly reduced drilling permits in the Gulf.
Profile Pic
DavoIL
All-Star Author Chicago

Posts:842
Points:1,115,375
Joined:May 2009
Message Posted: Feb 24, 2012 11:45:44 PM

article is blatantly shortsighted with many flaws
Profile Pic
fuelsaverMN
Champion Author Twin Cities

Posts:2,282
Points:559,080
Joined:Mar 2011
Message Posted: Feb 24, 2012 11:45:34 PM

AND WE SHOULD NOT SELL OUR GAS TO CHINA,OR ANY OTHER NATION AS THAT DRIVES UP OUR GAS PRICES.AND WE HAVE SO MUCH OIL HERE IN THE USA WE DON'T NEED ANYONE ELSES OIL FOR OUR CARS.
Post a reply Back to Topics