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(CNSNews)   "Pelosi blamed 'Oil Men in the White House' for gas prices in '08, Now who's to blame?" Uh, 'Oil Men'outside of the White House? Call me crazy, but I don't think her emphasis was on the building   (cnsnews.com) divider line 222
    More: Asinine, Pelosi, White House, gas prices, Vice President Dick Cheney  
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1482 clicks; posted to Politics » on 29 Apr 2011 at 11:42 AM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2011-04-29 10:35:10 AM
Ms. Pelosi, STFU!
 
2011-04-29 10:42:02 AM

jehovahs witness protection: Ms. Pelosi, STFU!


What's funny is that CNS is biatching because she hasn't said anything.

Now that President George W. Bush and Vice President Dick Cheney are out of the White House, Pelosi has been silent on the issue.
 
2011-04-29 10:53:46 AM

jehovahs witness protection: Ms. Pelosi, STFU!


I like that she gets under your skin even when she isn't the House Speaker. She's got power.
 
2011-04-29 11:00:14 AM

cameroncrazy1984: jehovahs witness protection: Ms. Pelosi, STFU!

I like that she gets under your skin even when she isn't the House Speaker. She's got power.


By the Trump rule of politics the fact that she makes them so angry is proof that they are under her control.
 
2011-04-29 11:16:35 AM
i'm sorry - were there revolutions in tunisia, egypt, libya, syria, and yemen in 2008? you know how oil markets LOVE instability!
 
2011-04-29 11:44:45 AM
Can we blame the real culprits? The speculators that decide on a whim how much they will charge for a barrel of oil.
 
2011-04-29 11:46:07 AM

cameroncrazy1984: jehovahs witness protection: Ms. Pelosi, STFU!

I like that she gets under your skin even when she isn't the House Speaker. She's got power.



Conservatives are just afraid of strong, conservative women.
 
2011-04-29 11:47:56 AM
I know the world is too complex for you to understand and grasp with your linear binary mind, Subby. It's ok, we are here for you. You just cry your pretty little eyes out.
 
2011-04-29 11:48:00 AM
Pretty simple actually. In 2008, it was market manipulation and speculators and in 2011 it is the fact that half the Middle East is rebelling against its dictatorships. The potential of upheaval in Saudi Arabia causes an additional premium to be build into the futures contracts. She was wrong in 2008 and anyone who blames this admin as wrong as well. End of story and have a great day.
 
2011-04-29 11:48:25 AM

FlashHarry: i'm sorry - were there revolutions in tunisia, egypt, libya, syria, and yemen in 2008? you know how oil markets LOVE instability!


Also "oil men in the white house", stopped alternative energy research/construction. Now "oil men outside the white house (congress for example), are stopping alternative energy".

Its not entirely an incorrect statement that oil men are still an issue.
 
2011-04-29 11:48:27 AM
The funny thing is that, with gas taxes, the federal government profits far more off of each gallon of gas sold than the oil companies do. After expenses, Exxon makes about two cents a gallon. Meanwhile, the federal government does nothing and gets nine times as much, plus state tax.
 
2011-04-29 11:48:43 AM
It's always funny to read some guy's article pointing out politicians saying partisan things like he cracked the enigma code. You win the prize, asshole.
 
2011-04-29 11:49:10 AM

Forced Perspective: The funny thing is that, with gas taxes, the federal government profits far more off of each gallon of gas sold than the oil companies do. After expenses, Exxon makes about two cents a gallon. Meanwhile, the federal government does nothing and gets nine times as much, plus state tax.


Shhhhh.
 
2011-04-29 11:49:40 AM

God's Hubris: Can we blame the real culprits? The speculators that decide on a whim how much they will charge for a barrel of oil.


Duh. Has anyone else not made the connection that price hikes have slowed down dramatically ever since the Justice Department announced a commission to investigate possible price gouging, both at the pump and on the trading floor?

Shiat, This has been happening for 6 years. Iraq didn't raise the price much for the first 2 years the war was going on.

But after Katrina, speculators jacked up the price and kept doubling down on their greed.
 
2011-04-29 11:50:36 AM

Forced Perspective: The funny thing is that, with gas taxes, the federal government profits far more off of each gallon of gas sold than the oil companies do. After expenses, Exxon makes about two cents a gallon. Meanwhile, the federal government does nothing and gets nine times as much, plus state tax.


Racist.
 
2011-04-29 11:50:39 AM
I'm at work so I have the sound turned off, but I did click on the video and without hearing what the reporter had to say, he appeared to be ready to burst into tears he was so outraged. Isn't that the republican way now? Outraged to the point of tears on almost every issue.
 
2011-04-29 11:51:12 AM
Damn man, Pelosi?

So stale. Do you do Tonya Harding jokes at the improv?
 
2011-04-29 11:51:20 AM

Forced Perspective: The funny thing is that, with gas taxes, the federal government profits far more off of each gallon of gas sold than the oil companies do. After expenses, Exxon makes about two cents a gallon. Meanwhile, the federal government does nothing and gets nine times as much, plus state tax.


Citation needed
 
2011-04-29 11:51:34 AM

Headso: It's always funny to read some guy's article pointing out politicians saying partisan things like he cracked the enigma code. You win the prize, asshole.


This is pretty much what went through my noggin as I read the article.

News Flash: Politicians act politically!

Who knew?!
 
2011-04-29 11:51:43 AM

Forced Perspective: After expenses, Exxon makes about two cents a gallon.


Considering this, it's amazing that they make record profits hand over fist every year, isn't it?
 
2011-04-29 11:52:15 AM
Perhaps gas prices aren't as simple as politicians and pundits would have us believe?

Nah...
 
2011-04-29 11:52:31 AM

Forced Perspective: the federal government profits far more off of each gallon of gas sold than the oil companies do.


Those taxes you are referring to are not profit, they go to pave roads and stuff, kind of important for the industry as a whole to have oil based asphalt everywhere for people to drive their gasoline powered cars on.
 
2011-04-29 11:53:44 AM

cameroncrazy1984: jehovahs witness protection: Ms. Pelosi, STFU!

I like that she gets under your skin even when she isn't the House Speaker. She's got power.


Just like Palin.... wait Palin was never elected.
 
2011-04-29 11:54:45 AM

God's Hubris: Can we blame the real culprits? The speculators that decide on a whim how much they will charge for a barrel of oil.


But those aren't the real culprits, of course. The real culprits are simple supply and demand.

Those "speculators" are merely trying to predict future supply and demand. That is, the chances of civil war in Saudi Arabia is higher than it used to be, and if there is civil war Saudi Arabia, a large percentage of world oil production will be off-line, and if a large percentage of world oil production is off-line, prices will go to $20 a gallon instantly due to a lack of supply at prices lower than that, so "speculators" bet that there's a chance of that by raising prices by a smaller amount, plus there actually is a small amount of production (in Lybia) that is currently off-line (etc., etc.).

If the speculators are wrong, there will be a crash in prices (see the US housing market for an example of such). They can be wrong for a short period of time, but if they continue to over-price things, marginal (hard to get to) sources of oil will come on-line, and supply will increase, meaning prices will come down.
 
2011-04-29 11:55:17 AM
CNS is stupid, even by Fark standards.
 
2011-04-29 11:56:03 AM

Geotpf: If the speculators are wrong, there will be a crash in prices (see the US housing market for an example of such).


wat? Speculation caused the housing market crash?
 
2011-04-29 11:56:14 AM
So this article contains some manufactured outrage about a former speaker of the house who had once biatched about the former occupants of the white house and their role in the high price of gas not saying anything lately about the high price of gas.

That doesn't seem like a huge time-waster, not at all!

/for what it's worth, that WAS a stupid thing for Nancy Pelosi to say. And I'm a bleeding-heart pinko commie liberal.
 
2011-04-29 11:56:45 AM

Geotpf: But those aren't the real culprits, of course. The real culprits are simple supply and demand.


You realize that you followed this statement with two paragraphs of stuff that have nothing to do with "simple supply and demand," right?
 
2011-04-29 11:57:55 AM

Forced Perspective: The funny thing is that, with gas taxes, the federal government profits far more off of each gallon of gas sold than the oil companies do. After expenses, Exxon makes about two cents a gallon. Meanwhile, the federal government does nothing and gets nine times as much, plus state tax.


Of course, gas taxes in the United States are the lowest amoungst any non-OPEC nation.
 
2011-04-29 11:57:57 AM
Yeah, oil men are suffering now that they no longer have access to the White House . . .

Oil giant Halliburton reported record revenues in the first quarter of 2011, pulling in $5.3 billion. In a severe blow to the right-wing's daily talking points, Halliburton attributes their robust earnings to increased domestic production under Obama:

Halliburton's consolidated revenue in the first quarter of 2011 was $5.3 billion, compared to $3.8 billion in the first quarter of 2010...These increases were attributable to increased activity in United States land...

"I am extremely pleased with our Q1 results, as overall revenue in the first quarter set a company record of $5.3 billion. North America delivered strong performance as margins progressed due to increased activity..." said Dave Lesar, chairman, president and chief executive officer.

Lesar is confident that, under Obama, domestic energy production opportunities will continue to grow: "We have been confident about the robust outlook in North America, and the prospect of higher activity in the coming quarters has made us more bullish in the strength of our business in 2011 and beyond."

The right wing has consistently and falsely accused Obama of choking off domestic supply. American Solutions, an organization funded by the fossil fuel industry and controlled by Newt Gingrich, accuses Obama on a daily basis of blocking domestic oil production. In reality, under Obama, U.S. oil production has reached its highest levels in nearly a decade.

Despite record revenue and profits, Halliburton and the rest of the oil industry continue to receive billions in taxpayer subsidies...

Link (new window)
 
2011-04-29 11:58:47 AM

Geotpf: God's Hubris: Can we blame the real culprits? The speculators that decide on a whim how much they will charge for a barrel of oil.

But those aren't the real culprits, of course. The real culprits are simple supply and demand.

Those "speculators" are merely trying to predict future supply and demand. That is, the chances of civil war in Saudi Arabia is higher than it used to be, and if there is civil war Saudi Arabia, a large percentage of world oil production will be off-line, and if a large percentage of world oil production is off-line, prices will go to $20 a gallon instantly due to a lack of supply at prices lower than that, so "speculators" bet that there's a chance of that by raising prices by a smaller amount, plus there actually is a small amount of production (in Lybia) that is currently off-line (etc., etc.).

If the speculators are wrong, there will be a crash in prices (see the US housing market for an example of such). They can be wrong for a short period of time, but if they continue to over-price things, marginal (hard to get to) sources of oil will come on-line, and supply will increase, meaning prices will come down.


not really, they have been wrong a lot. It continues to not be an issue.

The only way to fix speculation is to make traders take physical possesion of the commodity.
 
2011-04-29 11:59:03 AM

Forced Perspective: The funny thing is that, with gas taxes, the federal government profits far more off of each gallon of gas sold than the oil companies do. After expenses, Exxon makes about two cents a gallon. Meanwhile, the federal government does nothing and gets nine times as much, plus state tax.


In California, for every gallon of gas:

State and Feds net 66 cents.
Exxon nets 2 cents
 
2011-04-29 11:59:46 AM

cameroncrazy1984: jehovahs witness protection: Ms. Pelosi, STFU!

I like that she gets under your skin even when she isn't the House Speaker. She's got power.


Yeah, she's got 'em running scared. She must be doing something right.
 
2011-04-29 11:59:49 AM

altxatu: Forced Perspective: The funny thing is that, with gas taxes, the federal government profits far more off of each gallon of gas sold than the oil companies do. After expenses, Exxon makes about two cents a gallon. Meanwhile, the federal government does nothing and gets nine times as much, plus state tax.

Citation needed


"During the first three months of this year, for every gallon of gasoline and other products we refined and sold in the United States, we earned about 7 cents," Exxon executive Ken Cohen told reporters on a conference call.

Link (new window)
 
2011-04-29 11:59:53 AM

Duyogurt: Pretty simple actually. In 2008, it was market manipulation and speculators and in 2011 it is the fact that half the Middle East is rebelling against its dictatorships. The potential of upheaval in Saudi Arabia causes an additional premium to be build into the futures contracts. She was wrong in 2008 and anyone who blames this admin as wrong as well. End of story and have a great day.


Reason? Logic? In my fark politics tab?! I DONT THINK SO! Not in my neighborhood!
 
2011-04-29 12:02:02 PM
what somebody actually responsible for higher gas prices might look like...

www.topnews.in
 
2011-04-29 12:03:26 PM

The Homer Tax: Considering this, it's amazing that they make record profits hand over fist every year, isn't it?


How is that amazing, considering every year as more and more countries climb into the modern era, they start using their product?

The point you seem to be missing is that while the price of a gallon of gas has gone up, the amount of profit made by the oil companies on that gallon of gas, has stayed static - hence, the price increase is not due to the Evil Oil Companies Greed, but rather from something else, you know, like the devaluation of the dollar, poor economic policies, drilling moratoriums, a confused middle eastern foreign policy etc...

Try to keep up please.
 
2011-04-29 12:03:29 PM

Car_Ramrod: altxatu: Forced Perspective: The funny thing is that, with gas taxes, the federal government profits far more off of each gallon of gas sold than the oil companies do. After expenses, Exxon makes about two cents a gallon. Meanwhile, the federal government does nothing and gets nine times as much, plus state tax.

Citation needed

"During the first three months of this year, for every gallon of gasoline and other products we refined and sold in the United States, we earned about 7 cents," Exxon executive Ken Cohen told reporters on a conference call.

Link (new window)


I should add:

"Compare that to the 40 to 60 cents per cents per gallon that went from gasoline consumers to the government (state and federal) in gasoline taxes," he said.

So, yes, government does make more per gallon of gas sold in America than the oil companies. But it would be nice to use citations in the future.
 
2011-04-29 12:03:46 PM
The answer is Goldman Sachs who was and remains in the White House.

And the Fed

And Congress
 
2011-04-29 12:03:58 PM

Duyogurt: Pretty simple actually. In 2008, it was market manipulation and speculators and in 2011 it is the fact that half the Middle East is rebelling against its dictatorships. The potential of upheaval in Saudi Arabia causes an additional premium to be build into the futures contracts.


More succinctly put: market manipulation and speculators
 
2011-04-29 12:04:10 PM

cameroncrazy1984: I like that she gets under your skin even when she isn't the House Speaker. She's got power.


Her and Palin, amirite?!
 
2011-04-29 12:04:22 PM

Car_Ramrod: altxatu: Forced Perspective: The funny thing is that, with gas taxes, the federal government profits far more off of each gallon of gas sold than the oil companies do. After expenses, Exxon makes about two cents a gallon. Meanwhile, the federal government does nothing and gets nine times as much, plus state tax.

Citation needed

"During the first three months of this year, for every gallon of gasoline and other products we refined and sold in the United States, we earned about 7 cents," Exxon executive Ken Cohen told reporters on a conference call.

Link (new window)


second part was: "Compare that to the 40 to 60 cents per cents per gallon that went from gasoline consumers to the government (state and federal) in gasoline taxes"


California the number is 66 cents.
 
2011-04-29 12:04:28 PM
Yeah, STFU Pelosi for not saying anything!
 
2011-04-29 12:04:54 PM

Forced Perspective: The funny thing is that, with gas taxes, the federal government profits far more off of each gallon of gas sold than the oil companies do. After expenses, Exxon makes about two cents a gallon. Meanwhile, the federal government does nothing and gets nine times as much, plus state tax.


Yeah, it really sucks to live in a Country with no interstate highway system, or paved roads at all, no bridges etc.

Damn federal government taking all that money and doing nothing with it!

/FWIW my State charges about 21% more tax per gallon than the feds, and then charges sales tax on top of that fuel tax, which brings the total tax on my gasoline to about $.44 per gallon....which represents about 11% of the total current price.
 
2011-04-29 12:06:40 PM

Geotpf: But those aren't the real culprits, of course. The real culprits are simple supply and demand.


You could have just said you never studied the oil markets before.
 
2011-04-29 12:07:16 PM

jehovahs witness protection: Ms. Pelosi, STFU!


Why are you threatened by strong Liberal women?
 
2011-04-29 12:07:34 PM

tenpoundsofcheese: California the number is 66 cents.


Only because California hates freedom the most.
 
2011-04-29 12:08:32 PM

Truncks1: Duyogurt: Pretty simple actually. In 2008, it was market manipulation and speculators and in 2011 it is the fact that half the Middle East is rebelling against its dictatorships. The potential of upheaval in Saudi Arabia causes an additional premium to be build into the futures contracts. She was wrong in 2008 and anyone who blames this admin as wrong as well. End of story and have a great day.

Reason? Logic? In my fark politics tab?! I DONT THINK SO! Not in my neighborhood!


So adding that the Fed depressing rates for so long which is causing the dollar to weaken steadily, which in turn drives up oil prices would just blow your farking mind then, right?
 
2011-04-29 12:08:36 PM
Some other Pelosi gems from the past

"Every week we don't pass a Stimulus package, 500 million Americans lose their jobs.''


"I believe in natural gas as a clean, cheap alternative to fossil fuels. It's cheap, abundant and clean compared to fossil fuels."


"We have an estimated 12 million illegal immigrants in our country who need our help along with millions of unemployed minorities. Stock market profits taxes could go a long ways to guarantee these people the standard of living they would like to have as "Americans.""

"First Bush cut taxes for the rich and the economy has rebounded with new record low unemployment rates, which only means wealthy employers are getting even wealthier at the expense of the underpaid working class."
 
2011-04-29 12:09:27 PM

Car_Ramrod: altxatu: Forced Perspective: The funny thing is that, with gas taxes, the federal government profits far more off of each gallon of gas sold than the oil companies do. After expenses, Exxon makes about two cents a gallon. Meanwhile, the federal government does nothing and gets nine times as much, plus state tax.

Citation needed

"During the first three months of this year, for every gallon of gasoline and other products we refined and sold in the United States, we earned about 7 cents," Exxon executive Ken Cohen told reporters on a conference call.

Link (new window)


For late 2010, the number is different. According to the Exxon blog, the number is 2 cents, not 7.

"For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon."
 
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