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(Fox News)   Obama hatches cunning plan to bring gas prices to $8 per gallon   (foxnews.com) divider line 280
    More: Obvious, obama, gas prices, petroleum industry, oil wells, subsidies, Real Clear Politics, energy development  
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5443 clicks; posted to Politics » on 17 Mar 2012 at 2:46 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-03-17 11:23:42 AM  
Isn't eliminating tax subsidies anti-socialistic? Why do you love socialism, subby?
 
2012-03-17 11:29:33 AM  
And it would still be underpriced, subby. You loves you your sugar daddies.

St_Francis_P: Isn't eliminating tax subsidies anti-socialistic? Why do you love socialism, subby?


^ this
 
2012-03-17 11:46:51 AM  
Because by ending subsidies, we can return to closer to a true market system, as opposed to gaming the results, and essentially pouring cash into pockets, while receiving nothing return for price breaks at the pump?
 
2012-03-17 11:50:35 AM  
the republican party: "welfare for people = bad! welfare for corporations = good!"
 
2012-03-17 11:59:52 AM  
I'll run right out and buy a volt.
 
2012-03-17 12:11:41 PM  
You deadbeat welfare queens that expect me to pay for your gas can go pound sand. Quit sucking at the taxpayer teat and take some responsibility for your actions. There is no free lunch, just a lunch that someone else is paying for.
 
2012-03-17 12:19:31 PM  

hubiestubert: Because by ending subsidies, we can return to closer to a true market system, as opposed to gaming the results, and essentially pouring cash into pockets, while receiving nothing return for price breaks at the pump?


You're not suggesting that subsidies lower the price of gas, are you?

/I know you're not
//You have to be one of the dealers to win at this game
 
2012-03-17 12:23:59 PM  
No more subsidies will lead to higher gas prices, which will lead to falling demand for gasoline and increased demand for the development of new energy sources. Why is the GOP so hell-bent on keeping us dependent on (mostly) foreign oil?
 
2012-03-17 12:30:13 PM  

DarwiOdrade: No more subsidies will lead to higher gas prices, which will lead to falling demand for gasoline and increased demand for the development of new energy sources. Why is the GOP so hell-bent on keeping us dependent on (mostly) foreign oil?


Take a wild gue$$.
 
2012-03-17 12:38:03 PM  

King Something: DarwiOdrade: No more subsidies will lead to higher gas prices, which will lead to falling demand for gasoline and increased demand for the development of new energy sources. Why is the GOP so hell-bent on keeping us dependent on (mostly) foreign oil?

Take a wild gue$$.


because they're unamerican profiteering assholes?
 
2012-03-17 12:40:27 PM  
Bring house prices down another 30% and I'm in.
 
2012-03-17 12:41:42 PM  

DarwiOdrade: No more subsidies will lead to higher gas prices, which will lead to falling demand for gasoline and increased demand for the development of new energy sources. Why is the GOP so hell-bent on keeping us dependent on (mostly) foreign oil?


Barack Obama starts out saying this: "What matters most to me right now is the impact that rising prices have on you. When you've got to spend more on gas, you've got less to spend on everything else. It makes things harder."

His solution: Force gas prices up even higher. Does that make any sense at all?
 
2012-03-17 12:44:55 PM  

SkinnyHead: DarwiOdrade: No more subsidies will lead to higher gas prices, which will lead to falling demand for gasoline and increased demand for the development of new energy sources. Why is the GOP so hell-bent on keeping us dependent on (mostly) foreign oil?

Barack Obama starts out saying this: "What matters most to me right now is the impact that rising prices have on you. When you've got to spend more on gas, you've got less to spend on everything else. It makes things harder."

His solution: Force gas prices up even higher. Does that make any sense at all?


Please explain to me how removing subsidies to already massively profitable companies will move gas prices higher? You're talking like these companies are hanging by a thread and just HAVE to raise prices to remain profitable on the order of billions of dollars per year.
 
2012-03-17 12:51:19 PM  

cameroncrazy1984:
Please explain to me how removing subsidies to already massively profitable companies will move gas prices higher? You're talking like these companies are hanging by a thread and just HAVE to raise prices to remain profitable on the order of billions of dollars per year.


they want to maintain their profitability because they care about their share price which drives their compensation.
 
2012-03-17 12:52:23 PM  
Good.
 
2012-03-17 12:54:19 PM  

nvmac: You're not suggesting that subsidies lower the price of gas, are you?

/I know you're not
//You have to be one of the dealers to win at this game


It would be nice if they did though, wouldn't it? It's hard to lower prices when the execs take the savings right off the top for themselves...
 
2012-03-17 12:55:16 PM  

WhoIsPurpleGoo: cameroncrazy1984:
Please explain to me how removing subsidies to already massively profitable companies will move gas prices higher? You're talking like these companies are hanging by a thread and just HAVE to raise prices to remain profitable on the order of billions of dollars per year.

they want to maintain their profitability because they care about their share price which drives their compensation.


That doesn't mean that demand wouldn't crash again like it has done the other times it's gotten to $4.25 or so.
 
2012-03-17 12:59:41 PM  

cameroncrazy1984: Please explain to me how removing subsidies to already massively profitable companies will move gas prices higher? You're talking like these companies are hanging by a thread and just HAVE to raise prices to remain profitable on the order of billions of dollars per year


DarwiOdrade said so. And besides, isn't that Obama's goal? Remember what Obama's energy secretary once said: "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." ~ Steven Chu
 
2012-03-17 01:02:38 PM  

cameroncrazy1984: That doesn't mean that demand wouldn't crash again like it has done the other times it's gotten to $4.25 or so.


i don't disagree with that statement. but i'm pretty sure they can raise it alot without killing the overall demand. it's not like there's a readily available alternative that we can switch to without a huge upfront cost.
 
2012-03-17 01:09:00 PM  
I applaud Obama for trying to restore a properly free market with less government interference. Let these companies stand on their own.

Right Republicans?
 
2012-03-17 01:19:20 PM  
But but picking winners and losers!
 
2012-03-17 01:25:36 PM  
If presidents could really influence gas prices, every four years we'd be treated to $1 per gallon.
 
2012-03-17 01:28:05 PM  

edmo: If presidents could really influence gas prices, every four years we'd be treated to $1 per gallon.


And Obama would be pretty dumb to raise gas prices in an election year.
 
2012-03-17 01:40:51 PM  

St_Francis_P: edmo: If presidents could really influence gas prices, every four years we'd be treated to $1 per gallon.

And Obama would be pretty dumb to raise gas prices in an election year.


Even if he gets congress to discontinue the oil/gasoline subsidies, it most likely wouldn't take effect until after the election.
 
2012-03-17 01:45:35 PM  

FlashHarry: the republican party: "welfare for people = bad! welfare for corporations = good!"


But corporations ARE people
 
2012-03-17 01:46:57 PM  

DarwiOdrade: St_Francis_P: edmo: If presidents could really influence gas prices, every four years we'd be treated to $1 per gallon.

And Obama would be pretty dumb to raise gas prices in an election year.

Even if he gets congress to discontinue the oil/gasoline subsidies, it most likely wouldn't take effect until after the election.


Keep in mind Obama isn't the only one facing electicution
 
2012-03-17 01:47:14 PM  

jj325: FlashHarry: the republican party: "welfare for people = bad! welfare for corporations = good!"

But corporations ARE people


They're better than people, because they have more money to donate to politicians.
 
2012-03-17 01:49:43 PM  

MaudlinMutantMollusk: DarwiOdrade: St_Francis_P: edmo: If presidents could really influence gas prices, every four years we'd be treated to $1 per gallon.

And Obama would be pretty dumb to raise gas prices in an election year.

Even if he gets congress to discontinue the oil/gasoline subsidies, it most likely wouldn't take effect until after the election.

Keep in mind Obama isn't the only one facing electicution


It's still the right thing to do (though maybe not the best time to do it).
 
2012-03-17 01:58:26 PM  

SkinnyHead: cameroncrazy1984: Please explain to me how removing subsidies to already massively profitable companies will move gas prices higher? You're talking like these companies are hanging by a thread and just HAVE to raise prices to remain profitable on the order of billions of dollars per year

DarwiOdrade said so. And besides, isn't that Obama's goal? Remember what Obama's energy secretary once said: "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." ~ Steven Chu


Over fifteen years. I wonder why Republicans always leave that part out. It's interesting.
 
2012-03-17 02:01:08 PM  

SkinnyHead: DarwiOdrade: No more subsidies will lead to higher gas prices, which will lead to falling demand for gasoline and increased demand for the development of new energy sources. Why is the GOP so hell-bent on keeping us dependent on (mostly) foreign oil?

Barack Obama starts out saying this: "What matters most to me right now is the impact that rising prices have on you. When you've got to spend more on gas, you've got less to spend on everything else. It makes things harder."

His solution: Force gas prices up even higher. Does that make any sense at all?


You're assuming gas prices will instantly rise. Do you have any data to back that up?
 
2012-03-17 02:08:50 PM  

DarwiOdrade: SkinnyHead: DarwiOdrade: No more subsidies will lead to higher gas prices, which will lead to falling demand for gasoline and increased demand for the development of new energy sources. Why is the GOP so hell-bent on keeping us dependent on (mostly) foreign oil?

Barack Obama starts out saying this: "What matters most to me right now is the impact that rising prices have on you. When you've got to spend more on gas, you've got less to spend on everything else. It makes things harder."

His solution: Force gas prices up even higher. Does that make any sense at all?

You're assuming gas prices will instantly rise. Do you have any data to back that up?


He has his GED in Law, does that count?
 
2012-03-17 02:20:49 PM  

cameroncrazy1984: He has his GED in Law, does that count?


I'm not even sure he can count.
 
2012-03-17 02:50:46 PM  

SkinnyHead: DarwiOdrade: No more subsidies will lead to higher gas prices, which will lead to falling demand for gasoline and increased demand for the development of new energy sources. Why is the GOP so hell-bent on keeping us dependent on (mostly) foreign oil?

Barack Obama starts out saying this: "What matters most to me right now is the impact that rising prices have on you. When you've got to spend more on gas, you've got less to spend on everything else. It makes things harder."

His solution: Force gas prices up even higher. Does that make any sense at all?


As much sense as almost causing government to default on it's debts, because you did not get your way on 1000% of everything and thereby lowering credit rating and causing borrowing costs to go up.
 
2012-03-17 02:51:34 PM  

DarwiOdrade: You're assuming gas prices will instantly rise. Do you have any data to back that up?


I could fart in the wind and gas prices would rise.......
 
2012-03-17 02:51:36 PM  
Offer a small transportation subsidy for lower and working classes of people that encourages mass transit or carpooling, and I'm in.
 
2012-03-17 02:52:48 PM  

Death_Poot: DarwiOdrade: You're assuming gas prices will instantly rise. Do you have any data to back that up?

I could fart in the wind and gas prices would rise.......


From your handle, I'm guessing a lot more would happen.
 
2012-03-17 02:53:09 PM  
I don't get it. You lot STILL argue with skinnyhead. Why? What good will it do? He's either a bottomless pit of conservitard Derp or an extremely proficient Troll (my money is on both).
 
2012-03-17 02:53:37 PM  
So we're paying off the oil companies with our tax dollars in order to keep gas prices down.
Seems like extortion on a grand scale.
 
2012-03-17 02:53:42 PM  

DarwiOdrade: St_Francis_P: edmo: If presidents could really influence gas prices, every four years we'd be treated to $1 per gallon.

And Obama would be pretty dumb to raise gas prices in an election year.

Even if he gets congress to discontinue the oil/gasoline subsidies, it most likely wouldn't take effect until after the election.


I'm sure just like every OPEC production decrease, it will affect prices immediately.

/OPEC increased production? Well, that oil won't get to our refineries for months. I guess we need to keep prices up.
 
2012-03-17 02:54:09 PM  
State-owned oil is really not that bad of a concept. Unless when the money is used for political campaigns.
 
2012-03-17 02:54:41 PM  

hubiestubert: Because by ending subsidies, we can return to closer to a true market system, as opposed to gaming the results, and essentially pouring cash into pockets, while receiving nothing return for price breaks at the pump?


Meh, the subsidies are mostly on extraction and refining to keep the operations here and employing Americans. They don't really have much to do with the price of the finished product one way or another, especially since it's primarily driven by speculation rather than supply and demand.

Basically, I don't expect this to hurt the price of gas, but I don't see it helping either.

DarwiOdrade: You're assuming gas prices will instantly rise. Do you have any data to back that up?


Again, speculation-driven, not really supply/demand-driven. Anything that makes the futures traders nervous drives the price up. Indications that a major consumer of fuel petrol is taking active steps to switch to a low-oil energy economy certainly qualifies.
 
2012-03-17 02:54:58 PM  

Kazan: King Something: DarwiOdrade: No more subsidies will lead to higher gas prices, which will lead to falling demand for gasoline and increased demand for the development of new energy sources. Why is the GOP so hell-bent on keeping us dependent on (mostly) foreign oil?

Take a wild gue$$.

because they're unamerican profiteering assholes?


Circle gets the square!
 
2012-03-17 02:55:32 PM  
www.mediabistro.com3.bp.blogspot.com1.bp.blogspot.comimages.sodahead.com

THE BUTT SHALL HURT
 
2012-03-17 02:55:37 PM  
No more subsidies! Keep gov't out of my oil industry!
 
2012-03-17 02:57:43 PM  

SkinnyHead: His solution: Force gas prices up even higher. Does that make any sense at all?


Obama could say "we need to eliminate oil subsidies because giraffes like cheeseburgers" and it would still be more logical than anything Republicans have to offer.
 
2012-03-17 02:59:41 PM  

SkinnyHead: cameroncrazy1984: Please explain to me how removing subsidies to already massively profitable companies will move gas prices higher? You're talking like these companies are hanging by a thread and just HAVE to raise prices to remain profitable on the order of billions of dollars per year

DarwiOdrade said so. And besides, isn't that Obama's goal? Remember what Obama's energy secretary once said: "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." ~ Steven Chu


Wasn't there a thread about the fact that he changed his opinion on that issue?

"Are you saying that you no longer share the view that we need to figure out how to boost gasoline prices in America?" Sen. Mike Lee, R-Utah, asked Chu.

"I no longer share that view," the energy secretary said.

"But you did then, but you don't now?" pressed Lee.

Chu noted that he had made the comments before he was in government, just a couple of months before Obama won election and Chu was nominated to his current post.

"When I became secretary of energy I represented the U.S. government and I think that right now in this economic -- very slow return -- that we need to have, these prices well could affect the comeback of our economy and we're very worried about that," said Chu. "And so, of course, we don't want the price of gasoline to go up. We want it to go down."


Read more: Link (new window)

The Fark thread: Link (new window)
 
2012-03-17 03:00:13 PM  
The biggest subsidy for oil is our military spending.
 
2012-03-17 03:00:43 PM  
The invisible hand of the free market something something John Galt something something commie socialist-fascist something something derp
 
2012-03-17 03:03:47 PM  

DarwiOdrade: SkinnyHead: DarwiOdrade: No more subsidies will lead to higher gas prices, which will lead to falling demand for gasoline and increased demand for the development of new energy sources. Why is the GOP so hell-bent on keeping us dependent on (mostly) foreign oil?

Barack Obama starts out saying this: "What matters most to me right now is the impact that rising prices have on you. When you've got to spend more on gas, you've got less to spend on everything else. It makes things harder."

His solution: Force gas prices up even higher. Does that make any sense at all?

You're assuming gas prices will instantly rise. Do you have any data to back that up?


Whether they go up instantly or gradually, Obama wants to raise gas prices, one way or the other. He knows that rising gas prices "makes things harder" on the people, and he wants to do it anyway. He thinks that inflicting pain at the pump will force people out of their cars and into mass transit.

So when people feel pain at the pump, they should know that Obama feels their pain. And he likes it.
 
2012-03-17 03:04:39 PM  
Robbing Peter (US Tax payers) to pay Paul (US Oil Company) so Paul can rape Peter.

Makes perfect sense.
 
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