One reason why our gas will continue to rise

[Guest 6.8 AR]

Interior appeals oil drilling ruling - Dan Berman and Darren Goode - POLITICO.com

Your president wants it to go up. Dig up the dirt and prove me wrong.

Use the BP oil spill until hell freezes over. Convenient, isn't it?

One permit to date and it is full of restrictions. Ken Salazar is

the crony in charge of oil permits. I doubt he knows anything about

the oil and gas business to begin with. More like Wesley Mouch.

This is the kind of stuff that should anger everyone.

[Guest FTG-05]

Yep, that and fact that he has no clue what to do in the Middle East, just like the Peanut.

[1gewehr]

There is plenty of oil. Supply is not the problem. Nor has demand gone up. The problem is how we are paying for it. Thanks to Congress and Obama, the US dollar is worth about 1/4 what it was just two years ago. That's what happens when you print more dollars than the economy can support. While China was buying our debt, this overage never really had an effect domestically. Now, China isn't buying any more, so there are lots of dollars that nobody wants. If you notice, it's not just oil that's going up. Anything coming from overseas is climbing rapidly in price.

Dollar slides as inflation worries boost euro Currencies - MarketWatch

Hyperinflation Special Report (Update 2010)

[dlm37015]

what is the awnser i dont know where to start.i do know that i cant spend more than i make and these new gas prices are starting to hurt

[mav]

Interior appeals oil drilling ruling - Dan Berman and Darren Goode - POLITICO.com

I doubt he knows anything about

the oil and gas business to begin with.

This is the kind of stuff that should anger everyone.

AR, I doubt you could find many in this administration that knows anything about business period.

Does it anger me? It used to royally pi$$ me off. Now, I try not to think about it since there isn't a whole lot I can do about it. This administration is hell bent on destroying this country (I actually believe it is intentional ), and we don't have enough members in congress and the senate with the intestinal fortitude to take him on. The only thing I can do is try to vote him out, and vote more people into office that share my philosophy.

[JPR1959]

I've voted Republican my whole life except in 1992 and I voted for Ross Perot. He was right in so many ways about so many things. I wish the US could start over, but too many people want their piece of the pie without having to do anything for it.

Did you know that energy and food costs are NOT factored into the government's inflation rate? Did you ever wonder why? My measly paychecks don't go nearly as far as they used to. Couple that with the fact I make half of what I used to, life's tough!!!

[Guest 6.8 AR]

They want their cake and eat it, too.

I didn't know that about the figures for inflation

Sent from my iPhone using Tapatalk

[JPR1959]

I looked it up just to be sure. This is an explanation of a way to measure inflation.

Core price indices: because food and oil prices can change quickly due to changes in supply and demand conditions in the food and oil markets, it can be difficult to detect the long run trend in price levels when those prices are included. Therefore most statistical agencies also report a measure of 'core inflation', which removes the most volatile components (such as food and oil) from a broad price index like the CPI. Because core inflation is less affected by short run supply and demand conditions in specific markets, central banks rely on it to better measure the inflationary impact of current monetary policy.

[RobertNashville]

The dirt people Obama and most Democrats are in bed with hate oil and the dirt people won't be happy until they've made everybody else as miserable and unwashed as they are. Of course, the Obama crowd will still be enjoy the high-life because they are just too damn good to actually have to live like they want everyone else to live.

I truly believe this country is heading for a cliff...some refuse to see it...some want it to happen for various and sundry reasons. I don't know any more if it's even possible to avert the disaster that should be visible to just about anyone who can add 2 + 2 and get 4 (and maybe that is the problem; too many people can't do that any more).

I really don't know if Obama wants to ruin the U.S. economy or if he is just too ignorant of how the economy works to see the damage being done but the end result will be the same.

Our non-representing representatives in Congress are arguing over $40-60 Billion in spending cuts while we are facing a $1.7 (or so)TRILLION deficit just this year...it's beyond ridiculous...that paltry $60Billion is about 3.5% of the predicted deficit and about 1.2% of the overall budget. If we can't cut 1% out of the budget how the hell are we going to ever cut the budget by the 30% (minimum) that we need to???

It's getting really easy to become a pessimist.

[Guest 6.8 AR]

It is ridiculous about 60 billion, but the libs only wanted to cut 1-2 billion instead.

lotsa work to be done in that dept.

Oh, I think it's easy to see what Obama is doing after you add up all the damage

and all the money spent. He wants it so bad that it can't be fixed, and so he can

rebuild it from scratch in a marxist's image. These people thoroughly hate capitalism.

They have been slowly destroying it for almost a hundred years now.

From each, according to his abilities, to each, according to his needs. Welfare, etc.

Look at all of his appointees. They're all dirt people and most confirmed communists,

with the exception of Andrew Traver. I think he is a "Goering" type of guy.

Edited March 9, 2011 by 6.8 AR

[Guest FTG-05]

The dirt people Obama and most Democrats are in bed with hate oil and the dirt people won't be happy until they've made everybody else as miserable and unwashed as they are. Of course, the Obama crowd will still be enjoy the high-life because they are just too damn good to actually have to live like they want everyone else to live.

I truly believe this country is heading for a cliff...some refuse to see it...some want it to happen for various and sundry reasons. I don't know any more if it's even possible to avert the disaster that should be visible to just about anyone who can add 2 + 2 and get 4 (and maybe that is the problem; too many people can't do that any more).

I really don't know if Obama wants to ruin the U.S. economy or if he is just too ignorant of how the economy works to see the damage being done but the end result will be the same.

Our non-representing representatives in Congress are arguing over $40-60 Billion in spending cuts while we are facing a $1.7 (or so)TRILLION deficit just this year...it's beyond ridiculous...that paltry $60Billion is about 3.5% of the predicted deficit and about 1.2% of the overall budget. If we can't cut 1% out of the budget how the hell are we going to ever cut the budget by the 30% (minimum) that we need to???

It's getting really easy to become a pessimist.

I agree wholeheartedly. $60B is pathetic.

[Worriedman]

The dirt people Obama and most Democrats are in bed with hate oil and the dirt people won't be happy until they've made everybody else as miserable and unwashed as they are. Of course, the Obama crowd will still be enjoy the high-life because they are just too damn good to actually have to live like they want everyone else to live.

I truly believe this country is heading for a cliff...some refuse to see it...some want it to happen for various and sundry reasons. I don't know any more if it's even possible to avert the disaster that should be visible to just about anyone who can add 2 + 2 and get 4 (and maybe that is the problem; too many people can't do that any more).

I really don't know if Obama wants to ruin the U.S. economy or if he is just too ignorant of how the economy works to see the damage being done but the end result will be the same.

Our non-representing representatives in Congress are arguing over $40-60 Billion in spending cuts while we are facing a $1.7 (or so)TRILLION deficit just this year...it's beyond ridiculous...that paltry $60Billion is about 3.5% of the predicted deficit and about 1.2% of the overall budget. If we can't cut 1% out of the budget how the hell are we going to ever cut the budget by the 30% (minimum) that we need to???

It's getting really easy to become a pessimist.

You nailed it!

[Guest oldsmobile98]

Your president wants it to go up.

Yep.

The problem is how we are paying for it. Thanks to Congress and Obama, the US dollar is worth about 1/4 what it was just two years ago. That's what happens when you print more dollars than the economy can support. While China was buying our debt, this overage never really had an effect domestically. Now, China isn't buying any more, so there are lots of dollars that nobody wants. If you notice, it's not just oil that's going up. Anything coming from overseas is climbing rapidly in price.

Check out this video from the 2008 debates:

I would disagree that the problem is that the government is printing too many Federal Reserve Notes. The real issue is that the Federal Reserve should not be able to create fiat money at all (i.e. the Fed should not exist). When you abandon sound money (based on real goods) and enter the world of fiat money, you ensure the eventual destruction of the currency.

I encourage everyone to call their Congressman and ask them to cosponsor HR 459 (Ron Paul's bill to audit the Federal Reserve). From Tennessee, only Duncan, Blackburn, and Fincher have done so as of today.

I truly believe this country is heading for a cliff...some refuse to see it...some want it to happen for various and sundry reasons. I don't know any more if it's even possible to avert the disaster that should be visible to just about anyone who can add 2 + 2 and get 4 (and maybe that is the problem; too many people can't do that any more).

Well said. As the documentary IOUSA states, our biggest and most serious deficit is not the budget deficit, the savings deficit, or the trade deficit. It's the leadership deficit.

Some who think it is too late for our economy. I agree with you; I don't know. But I do think we should still try to stop it.

You mentioned some who want it to happen. Check out this quote from an article by Tom Baugh, author of Starving the Monkeys:

As you know, I am firmly convinced that what passes today for civilization is headed for the cliffs. As Monkey Starvers, it is in our best interest to make sure we are headed for the nearest precipice as rapidly as possible, so that we might more quickly rebuild things for our children afterward. In our shared vision, it is the rebuilding that is the important thing. The inevitable collapse is merely a tool we may use to shape that end game: a world, or at least our local slices of it, freed from the complementary evils of socialism and corporatism.

Personally, I hope we will be able to pull the economy (and society) back from the cliff, simply because of the suffering that will most certainly occur if we don't. Edited March 10, 2011 by oldsmobile98

[Guest mosinon]

We've overspent, I can't really blame democrats or republicans here. I can blame the insatiable appetite of the American people for services though. So you need to get rid of thirty percent of the budget, how do you do it?

Cut defense? Cut Social Security? Cut Medicare and Medicade? Personally, I don't care but lots of people do. Which is where the rub comes in, we spend too much sounds great until it is "we spend too much on you" and then the votes go away.

Imagine Obama as socialist or communist all you want. That is a silly notion. Obama is a re electionist. Like almost every other president. What is needed is not another politician but someone willing to do the unpopular thing, someone willing to cut us off of our own largesse. I guess that right now that means Ron Paul.

[RobertNashville]

We've overspent, I can't really blame democrats or republicans here. I can blame the insatiable appetite of the American people for services though. So you need to get rid of thirty percent of the budget, how do you do it?

Cut defense? Cut Social Security? Cut Medicare and Medicade? Personally, I don't care but lots of people do. Which is where the rub comes in, we spend too much sounds great until it is "we spend too much on you" and then the votes go away.

Imagine Obama as socialist or communist all you want. That is a silly notion. Obama is a re electionist. Like almost every other president. What is needed is not another politician but someone willing to do the unpopular thing, someone willing to cut us off of our own largesse. I guess that right now that means Ron Paul.

I see about as much chance for a Ron Paul Presidency as I do for me to suddenly be 25 again. He's had his chance but didn't get any real traction and I've seen nothing to indicate that it would be any different in 2012.

What political ideology Obama embraces or what label one puts on him is ultimately far less important than the policies he and his ilk work to put into place - those policies certainly seem to be in the socialist/communist/re-distribution of wealth categories. Everything he has done, has tried to do and continues to try to do is to increase the size of government and its control of the population.

Sure, people who feed at the breast of Uncle Sam are due blame but probably less and certainly no more so than the political leaders of all parties who ignored their oath and voted to establish and to continue and to grow all the government programs we now find are out of control and completely unsustainable (and likely unconstitutional as well). Almost everything needs to be cut...cut until government is reduced to only those functions it is constitutionally mandated to do. Then, and only then, if the revenues aren't sufficient to meet the need should tax increases be considered. That said, we could make some significant headway toward a balanced budget if we simply reverted to the spending levels of two or three years ago.

However; I have no illusions that necessary cuts are likely to happen...as I said above, I'm finding it very easy to be pessimistic.

[dou44]

BP just stands for bigger proffit

[mcurrier]

I can blame the insatiable appetite of the American people for services though.

I take exception to the way you phrased that. Perhaps a 'portion of American people' would be much more accurate. I for one don't suck at the teet of government provided/taxpayer funded anything. I have never taken unemployment even though I have been eligible for it several times. I am responsible for myself and only require govt. to protect me from foreign attackers and to lock up domestic ones that try to kill me. I'll give them a pass on roads, but other than that, govt. provides absolutely NOTHING I need, want or require, yet takes plenty from me to provide it to others who have their hands stretched out.

[Guest 6.8 AR]

I feel the same way about those services, mcurrier. I have followed the same path about them, also.

Never took a dime. I will work until I die, so I don't really care about SSI, either. Those people that are

addicted to the government teat should have thought before taking it. There are alternatives.

[Moped]

While you all clearly don't suck on the Government teat, so to speak, a lot still do and they are addicted. At this point, I don't see that it will ever change either.

As far as the Big Oil companies making a profit, that's what business is all about. If your not in it to make a profit, then why be in business in the first place. I can't fault them for that. I want to make a lot of money too.

Even if we opened everyone backyard up for drilling, that would only last so long. The world population is growing at an astounding rate and China and India now have a large middle class that are beginning to buy cars. GM sold more cars in China, than they did in the US, last year. They need oil too, and they are buying it. Supply is not increasing, and never will, while demand is growing quickly. Oil prices will continue to raise in fits and spurts, regardless of what we do. Best to start really looking at alternatives to oil now. And start thinking about how we are going to change our ways.

It's just not oil either folks. World wide food prices are going up quicker than oil. We don't buy bulk foods like a lot of countries do, so we don't notice it as much. And we have been one of the bread baskets for the world. Now we are raising corn, not for food, but for fuel. Ethanol in our gas comes from corn and that's what our corn is going for.

In the next 50 years, water is going to be another thing we start running out of. Look what almost happened to Atlanta a couple of years ago. And what California and Arizona go through every year now. They have to ration water, because there isn't enough to go around there. Too many people are the problem.

It's a problem that isn't going to go away either.

[Guest Lester Weevils]

Can't tap ANWR because of the caribou. Can't mine coal because it causes acid rain and the global warming will eventually drown Al Gore's seaside mansion. Can't put solar plants in the desert because it hurts the snakes and lizards, and there is no water to wash off the solar panels. Can't build windmills because it hurts the birds and the noise is offensive to neighbors. Most exploitable water power is already exploited, and we should tear down the dams anyway because they hurt fish. Only a few places have geothermal resources. Can't build nukular plants because they might 'splode.

Just starve off most folks and go back to ox carts I suppose.

[Spook]

BHO wants us to think he might use the Strategic Oil Reserves. I'm not sure he does and may be trying to bring the price of oil down by doing so. (To me this isn't a case for releasing the SOR.) He walks a fine tightrope. He wants his wackie leftist policies but also wants to be re-elected. If he REALLY wanted to help he'd have a comprehensive plan to drill for/recover domestic oil, build new nuclear plants and invest in solar and wind to make it more economic. I don't see anything coming from the Repubs either, however. There is no single energy answer nor should anything be off the table.