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(The Hill)   Senate Democrats demand Obama tap the Strategic Re-Election Reserve   (thehill.com) divider line 120
    More: Obvious, President Obama, Strategic Petroleum Reserve, economic recovery, Malia, Charles Schumer, gas prices, oil supply, Mitch McConnell  
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1410 clicks; posted to Politics » on 29 Feb 2012 at 11:35 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-02-29 11:09:05 AM
I love how now that a Democrat is President, Democrats are pushing for tapping the SPR and Republicans are the ones against it. Hypocrisy at it's finest on both sides
 
2012-02-29 11:12:01 AM

ArkAngel: I love how now that a Democrat is President, Democrats are pushing for tapping the SPR and Republicans are the ones against it. Hypocrisy at it's finest on both sides


Pelosi calls on Bush to release reserve oil (new window)

Yes, hypocrisy.
 
2012-02-29 11:27:52 AM
House Speaker John Boehner (R-Ohio) on Tuesday blamed Obama and "radical environmental groups" for fuel prices and said it was "about damn time" the nation developed a comprehensive energy policy.

Of course, by comprehensive energy policy, he means sucking the remaining drops of oil from the earth and destroying the environment in the process, rather than pursuing cleaner alternative energy sources.
 
2012-02-29 11:33:17 AM
Or, you know, they could start closing some loopholes used by oil companies.

ArkAngel: I love how now that a Democrat is President, Democrats are pushing for tapping the SPR and Republicans are the ones against it. Hypocrisy at it's finest on both sides


Oh this talking point.

Don't forget to mention:
The national debt
unemployment
gas prices (oh, you did).

Ok, you are on point.
 
2012-02-29 11:39:03 AM
I have been told that the President couldn't do anything to slow rising gas prices within the last week. Has this changed? (snerk)
 
2012-02-29 11:39:34 AM
Has that ever lowered gas prices when they have done it in the past? What a bunch of dumbasses.
 
2012-02-29 11:39:42 AM
Strategic Re-Election reserve? Does that mean the Race-Card manufacturing company?
 
2012-02-29 11:40:01 AM

Death_Poot: I have been told that the President couldn't do anything to slow rising gas prices within the last week. Has this changed? (snerk)


No, tapping the SPR wouldn't really do too much to change the prices of gas, honestly.
 
2012-02-29 11:40:08 AM

DarwiOdrade: House Speaker John Boehner (R-Ohio) on Tuesday blamed Obama and "radical environmental groups" for fuel prices and said it was "about damn time" the nation developed a comprehensive energy policy.

Of course, by comprehensive energy policy, he means sucking the remaining drops of oil from the earth and destroying the environment in the process, rather than pursuing cleaner alternative energy sources.


If it's less wasteful and relies on energy sources that aren't limited and can be traded easily, it's not energy! It's just hippie bullshiat you should vote against out of spite!
 
2012-02-29 11:41:37 AM

Headso: Has that ever lowered gas prices when they have done it in the past? What a bunch of dumbasses.


Last year he released some in an attempt to burst what they thought was a bubble and it did scare of speculators for about 2 days.
 
2012-02-29 11:42:20 AM

Felgraf: Death_Poot: I have been told that the President couldn't do anything to slow rising gas prices within the last week. Has this changed? (snerk)

No, tapping the SPR wouldn't really do too much to change the prices of gas, honestly.


Indeed. Since any tapping into the SPR would be loudly telegraphed, the market would adjust accordingly in preparation. Kind of like how home prices go up by roughly the amount of any given home buying tax credit.
 
2012-02-29 11:42:30 AM

Death_Poot: I have been told that the President couldn't do anything to slow rising gas prices within the last week. Has this changed? (snerk)


That's not what he said, but you knew that already.
Obama: "You know there are no quick fixes to this problem, and you know we can't just drill our way to lower gas prices."
 
2012-02-29 11:42:33 AM
The funny part is allowing the price of gas to rise along with other commodities can be a good thing. Controlled inflation would solve a lot of the problem with the national debt and housing. The dollar has gotten hammered anyway might as well make it work to the benefit of the US
 
2012-02-29 11:42:54 AM
Here's an easy way to solve the gas price issue. Make it illegal to trade oil futures, which is the main reason oil prices are up despite the fact that supply has never been higher and demand has never been lower.
 
2012-02-29 11:43:42 AM
How about tapping the Strategic Regulate Speculation Reserves?
 
2012-02-29 11:44:04 AM
They could drop the price a whole lot more by removing the traders. Most organizations that buy oil contracts will never take delivery. In fact, they have to sell before shipment arrives because they don't actually have any people or equipment that can handle oil - they are just offices and people. Their involvement is what has driven the price of oil up. The mere presence of these buyers drives up the price. Want lower prices, only allow companys that actually handle petroleum to buy it.
 
2012-02-29 11:46:43 AM
Unemployed gas prices are high and in debt! Damn you obama!
 
2012-02-29 11:47:20 AM

DarwiOdrade: Death_Poot: I have been told that the President couldn't do anything to slow rising gas prices within the last week. Has this changed? (snerk)

That's not what he said, but you knew that already.
Obama: "You know there are no quick fixes to this problem, and you know we can't just drill our way to lower gas prices."


Evidently this is only when a Dem is in office, so they wont get blamed for gas price spikes......correct? When anyone else is in office, it's their fault? I smell blatant hyprocicy
 
2012-02-29 11:47:34 AM
Was kinda wondering how they were gonna reconcile their "zOMG Look at the price of gas! ABO!11!" derp with the inevitable "Obama taps strategic reserves" counter and now we know. They're going with the classic "Now he's just playing politics" derp. And here I was thinking that they had finally reached the limits of their ability to hold mutually exclusive talking points straight in their wee heads. Apparently, there were untapped reserves of derp I hadn't factored. Gratz, guys, your cognitive dissonance knows no bounds.

/*wanders back to chalkboard*
 
2012-02-29 11:47:57 AM
I'd tap that gas.
 
2012-02-29 11:48:59 AM

Death_Poot: DarwiOdrade: Death_Poot: I have been told that the President couldn't do anything to slow rising gas prices within the last week. Has this changed? (snerk)

That's not what he said, but you knew that already.
Obama: "You know there are no quick fixes to this problem, and you know we can't just drill our way to lower gas prices."

Evidently this is only when a Dem is in office, so they wont get blamed for gas price spikes......correct? When anyone else is in office, it's their fault? I smell blatant hyprocicy


Only when a Dem is in office? Are you saying Dems wanted to expand drilling when Bush was president? What is this I don't even.

Also, you must be smelling your own pant-wetting fear again.
 
2012-02-29 11:49:53 AM

imontheinternet: How about tapping the Strategic Regulate Speculation Reserves?


and we're done here
 
2012-02-29 11:50:39 AM
great, that way the oil companies will have more oil to refine and ship overseas.

/dumb idea, do something about speculators firchristsake.
 
2012-02-29 11:50:44 AM
You know Michelle would never allow that. Sex with a Srer is just wrong.
 
2012-02-29 11:50:54 AM

DarwiOdrade: House Speaker John Boehner (R-Ohio) on Tuesday blamed Obama and "radical environmental groups" for fuel prices and said it was "about damn time" the nation developed a comprehensive energy policy.

Of course, by comprehensive energy policy, he means sucking the remaining drops of oil from the earth and destroying the environment in the process, rather than pursuing cleaner alternative energy sources.


In looking for a snarky thing to say about Jimmy Carter and the solar panels on the White House that Ronald Regan took off, I learned that Bush actually put solar panels back on the White House in 2003. Of course, he didn't publicize it.
 
2012-02-29 11:51:17 AM

quatchi: Was kinda wondering how they were gonna reconcile their "zOMG Look at the price of gas! ABO!11!" derp with the inevitable "Obama taps strategic reserves" counter and now we know. They're going with the classic "Now he's just playing politics" derp. And here I was thinking that they had finally reached the limits of their ability to hold mutually exclusive talking points straight in their wee heads. Apparently, there were untapped reserves of derp I hadn't factored. Gratz, guys, your cognitive dissonance knows no bounds.

/*wanders back to chalkboard*


Strategic Derp Reserves (SDR)
 
2012-02-29 11:52:26 AM

PanicMan: DarwiOdrade: House Speaker John Boehner (R-Ohio) on Tuesday blamed Obama and "radical environmental groups" for fuel prices and said it was "about damn time" the nation developed a comprehensive energy policy.

Of course, by comprehensive energy policy, he means sucking the remaining drops of oil from the earth and destroying the environment in the process, rather than pursuing cleaner alternative energy sources.

In looking for a snarky thing to say about Jimmy Carter and the solar panels on the White House that Ronald Regan took off, I learned that Bush actually put solar panels back on the White House in 2003. Of course, he didn't publicize it.


Sweet - now we can say Bush II = Carter ;)
 
2012-02-29 11:52:34 AM
Outrageous Muff

Here's an easy way to solve the gas price issue. Make it illegal to trade oil futures

Easy, except for the part where its impossible. Or do you have a way to make it illegal EVERYWHERE ON THE PLANET to trade oil futures? You do realize oil is a global market?

Bonus points: What sets the price of oil? Duh, OPEC. That's what cartels do. They hav a target price. Remove something that's propping the price up to current levels, they'll just trim production to get it back there.

Guess what: All of our huffing and puffing won't do shiat. Those 12th century idiots have us by the short hairs. If you don't like it, spend a hundred billion a year developing alternative energy sources, better battery density, etc., along with hefty investments in mass transit and high speed rail.

If you're not willing to do that (and we aren't) then be cool with buying everyone in Dubai and Qatar and Kuwait and the Saud new Ferraris.
 
2012-02-29 11:53:47 AM

Death_Poot: DarwiOdrade: Death_Poot: I have been told that the President couldn't do anything to slow rising gas prices within the last week. Has this changed? (snerk)

That's not what he said, but you knew that already.
Obama: "You know there are no quick fixes to this problem, and you know we can't just drill our way to lower gas prices."

Evidently this is only when a Dem is in office, so they wont get blamed for gas price spikes......correct? When anyone else is in office, it's their fault? I smell blatant hyprocicy


There are no quick ways to LOWER gas prices. There are sure as hell quick ways to RAISE them. Like, I dunno, invading Iraq on false pretenses and toppling the government, making the region even less stable than it already was.
 
2012-02-29 11:54:23 AM

DarwiOdrade: Death_Poot: DarwiOdrade: Death_Poot: I have been told that the President couldn't do anything to slow rising gas prices within the last week. Has this changed? (snerk)

That's not what he said, but you knew that already.
Obama: "You know there are no quick fixes to this problem, and you know we can't just drill our way to lower gas prices."

Evidently this is only when a Dem is in office, so they wont get blamed for gas price spikes......correct? When anyone else is in office, it's their fault? I smell blatant hyprocicy

Only when a Dem is in office? Are you saying Dems wanted to expand drilling when Bush was president? What is this I don't even.

Also, you must be smelling your own pant-wetting fear again.


No what I am saying that evidently when a Democrat is in office, it seems that there is "nothing they can do about high gas prices" when they spike, but when anyone else is (see ~2006 for many examples) its all the opposing partys' fault. Gotta love hypocrites
 
2012-02-29 11:56:23 AM

Death_Poot: DarwiOdrade: Death_Poot: DarwiOdrade: Death_Poot: I have been told that the President couldn't do anything to slow rising gas prices within the last week. Has this changed? (snerk)

That's not what he said, but you knew that already.
Obama: "You know there are no quick fixes to this problem, and you know we can't just drill our way to lower gas prices."

Evidently this is only when a Dem is in office, so they wont get blamed for gas price spikes......correct? When anyone else is in office, it's their fault? I smell blatant hyprocicy

Only when a Dem is in office? Are you saying Dems wanted to expand drilling when Bush was president? What is this I don't even.

Also, you must be smelling your own pant-wetting fear again.

No what I am saying that evidently when a Democrat is in office, it seems that there is "nothing they can do about high gas prices" when they spike, but when anyone else is (see ~2006 for many examples) its all the opposing partys' fault. Gotta love hypocrites


Ahh - so you're saying the GOP doesn't blame Obama for the high gas prices. And you think Dems are the hypocrites without any feeling of irony - got it.
 
2012-02-29 11:56:33 AM

LordJiro: There are no quick ways to LOWER gas prices. There are sure as hell quick ways to RAISE them. Like, I dunno, invading Iraq on false pretenses and toppling the government, making the region even less stable than it already was.


Like, I dunno, devaluing the dollar, virtually suspending drilling on public lands, etc.
 
2012-02-29 11:57:32 AM

Nadie_AZ: Or, you know, they could start closing some loopholes used by oil companies.

Not that I think they should exist, but do you honestly think increasing taxes for oil companies is going to drop gas prices? Oil companies make so much money mainly because they produce and sell insane amounts of a needed commodity. Their profit margin is lower than most other industries.

I>ArkAngel: I love how now that a Democrat is President, Democrats are pushing for tapping the SPR and Republicans are the ones against it. Hypocrisy at it's finest on both sides

Oh this talking point.

Don't forget to mention:
The national debt
unemployment
gas prices (oh, you did).

Ok, you are on point.

I hate hypocrisy on both sides of the aisle, be it Democrats not discussing Gitmo anymore or Republicans sudden concerns about deficit spending.
 
2012-02-29 11:57:59 AM

DarwiOdrade: Ahh - so you're saying the GOP doesn't blame Obama for the high gas prices. And you think Dems are the hypocrites without any feeling of irony - got it.


Both sides do it.......I guess you aren't reading either. Sigh............
 
2012-02-29 11:58:53 AM
Economy gets better, oil returns to per-catastrophark price levels. Can't explain that.
 
2012-02-29 11:59:16 AM
Good politics, but bad policy. Cheap gas won't ever come back, unless we tank the economy again. Here is the simple bottom line: Economic activity, and therefore energy demand, in a normally functioning economy, follows an exponential curve, for obvious reasons. Oil output, either for a single well, a single region, or globally, follows a normal curve, again for obvious reasons. These two curves follow each other very closely for a while. And then they don't. At all.
 
2012-02-29 11:59:35 AM

Death_Poot: Like, I dunno, devaluing the dollar, virtually suspending drilling on public lands, etc.


Oh, I get it. You have no idea what actually affects gas prices.
 
2012-02-29 11:59:51 AM

ArkAngel: I hate hypocrisy


James! made you look like a retard. So go crawl under a rock.
 
2012-02-29 12:00:00 PM
Americans pay nearly half as much on gas as Canadians and yet complain twice as much on every increase in gas prices.

Never understood this. Here is my advice to Americans. Buy a few thousand bucks worth of energy mutual funds.

When gas goes up by 50 cents a gallon, you can shake your and be disappointed but you will remember that that your mutual fund is up several hundred dollars and then you won't feel so bad. Hedge your sadness/stress. It does help.
 
2012-02-29 12:01:27 PM
Tap dat Gas!
 
2012-02-29 12:02:11 PM
If I learned anything from the Bush presidency it's that if the president had control over oil prices, they would do something about it.
 
2012-02-29 12:02:11 PM

Death_Poot: virtually suspending drilling on public lands


One of the most powerful and wealthy and entrenched lobbying forces in America is being stopped from drilling by the people who they own is one way to look at it. Or another might be that they are doing all the drilling they actually want to do at this time. Considering the record profits year over year maybe they are doing the best thing for their companies already... Nah it must be a plot by the liberal media conspiracy and stuff.
 
2012-02-29 12:02:30 PM

Death_Poot: DarwiOdrade: Ahh - so you're saying the GOP doesn't blame Obama for the high gas prices. And you think Dems are the hypocrites without any feeling of irony - got it.

Both sides do it.......I guess you aren't reading either. Sigh............


Well, at least you admit you weren't reading
 
2012-02-29 12:02:47 PM

ArkAngel: I love how now that a Democrat is President, Democrats are pushing for tapping the SPR and Republicans are the ones against it. Hypocrisy at it's finest on both sides


No, Democrats are usually OK with tapping it, Republicans are usually against. And then when Democrats do tap it, Republicans claim that they aren't acting in the best interest of the country and are trying to buy votes. That's the traditional political game we play here. Try to pay attention.
 
2012-02-29 12:02:54 PM
Republicans have hammered Democrats on the price spike, repeatedly noting that gas prices - now at $3.72 per gallon for regular - have doubled since Obama won the White House.



The Facts
http://www.washingtonpost.com/blogs/fact-checker/post/newt-gingrichs- c laim-of-a-pre-obama-norm-gas-price/2012/02/28/gIQAlm8KgR_blog.html

Earlier this week, we noted House Speaker John Boehner's (R) comment that gasoline prices had doubled during Obama's term. This is technically correct but misleading because oil prices were artificially low because of the economic crisis.

It all relates to the old economic principle of supply and demand. Demand plunged because of the worldwide economic woes, and so prices fell. But, as the Energy Informational Administration's historical table of monthly prices shows, the low was reached in December 2008 - $1.69 a gallon - before Obama even became president. Then the price of gasoline started slowly going up as the economy began to improve.

Far from being a "pre-Obama norm," the price of gasoline was artificially low. Only six months earlier, in June 2008, the average price was $4.05 a gallon. In fact, the last time gasoline had been as low as $1.89 had been way back in 2004.
 
2012-02-29 12:03:00 PM

mrshowrules: Americans pay nearly half as much on gas as Canadians and yet complain twice as much on every increase in gas prices.

Never understood this.


It's because for half a decade our communities and whole society have been built on the premise of an abundance of cheap gas. I'm no expert of Canada, but I think you guys, in general have much more robust public transportation systems than we do. We can't have robust public transportation solutions because it's Socialism.
 
2012-02-29 12:03:32 PM

MisterRonbo: Bonus points: What sets the price of oil? Duh, OPEC. That's what cartels do. They hav a target price.


Yup. I remember, once upon a time, when that target was a range from $22 to $28 per barrel. Hmm, I wonder what happened to make OPEC change their minds.

Outrageous Muff: Here's an easy way to solve the gas price issue. Make it illegal to trade oil futures,


That wouldn't work, but it might help to try some smaller stuff like increasing the margin requirements or putting a small tax on every transaction except the first sale and final purchase of a given contract (i.e. affecting the middle-men but not the actual producer and consumer of the oil).
 
2012-02-29 12:05:02 PM
secure.assets.bostatic.com

secure.assets.bostatic.com

Link (new window)
 
2012-02-29 12:05:53 PM

James!: ArkAngel: I love how now that a Democrat is President, Democrats are pushing for tapping the SPR and Republicans are the ones against it. Hypocrisy at it's finest on both sides

Pelosi calls on Bush to release reserve oil (new window)

Yes, hypocrisy.


FYF link: the White House rejected the speaker's call, saying that using the reserve to manipulate prices was "ineffective."
 
2012-02-29 12:06:06 PM

Outrageous Muff: Here's an easy way to solve the gas price issue. Make it illegal to trade oil futures, which is the main reason oil prices are up despite the fact that supply has never been higher and demand has never been lower.


Here's an easy way to refute your moronic talking point:

1) You can't make it illegal to trade oil futures. If you make it illegal to trade in the US, then the traders will just move to London. If you make it illegal in both the US and London, then the traders will move to Berlin. If you make it illegal in the all of the Americans and Eurupe, it will move to Hong Kong. If you make it illegal in all of the Americas, Europe, and Asia it will move to Dubai.

2) Even the most die-hard liberal economists don't think that the current price increases are being caused by speculation. "In any case, one thing is clear: the hyperventilation over oil-market speculation is distracting us from the real issues. Regulating futures markets more tightly isn't a bad idea, but it won't bring back the days of cheap oil. Nothing will. Oil prices will fluctuate in the coming years - I wouldn't be surprised if they slip for a while as consumers drive less, switch to more fuel-efficient cars, and so on - but the long-term trend is surely up." - Paul Krugman

3) Regarding your claim that demand has never been lower: [Citation Needed]. You won't find one, because it's easily refuted. In recent years, demand hit its low point shortly after the start of the 2008 recession and has been increasing steadily ever since.
 
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