Yeah, I know, I read the article. He said gas prices went up and down, but remained mostly stable under Bush. That was worded to leave the impression that Bush had better control over gas prices than Obama. He didn't.
The Obama 4 Trillion dollar budget
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You mean the article penned by the antique furniture refinisher who's facts are mostly wrong? Got it.
Unfortunately that wouldn't have any effect on the world market for the price of oil, nor on the price of gas here. If it did, then the price of gas in Baytown, TX would be 35 cents a gallon. The price of gas in Sinclair, WY where there is a gas station AT the refinery would be stupid cheap.
Under Bush the US Dollar Index (the value of the Dollar) dropped from 110 to 83.6, or 24 percent. Under Obama it has dropped from 83.6 to 79.5, or 5 percent. Also, the purse strings are controlled by Congress, not the president, and neither the president nor Congress has control over the FED. You give Obama far too much credit.
Wow, you REALLY believe the president has control over gas prices. That is amazing to me. No president in history has had any effective control or influence over the price of oil or gas, yet somehow Obama, who wants gas prices to be somewhere between $5 and $10, depending on who you ask, has all kinds of control over it. Wow.
I"m not really arguing Bush vs Obama regarding gas prices. Bush's spending or his approval of government spending hurt the strength of the dollar, which is about a third of the equation of gas prices. Obama just hasn't done much to improve the situation and his energy policy and spending approval have made things worse, including gas prices.
Obviously, what he means by that is whatever you think it means.
Democrats blames Bush for high gas prices, but not Obama, despite the prices being virtually identical during those presidencies. Republicans blame Obama for high gas prices, but not Bush. Conclusion, Democrats and Republicans are equally retarded.
If you ever hear a president say that he will reduce gas prices, know for certain that he's full of crap. If you ever hear a president say that he will increase gas prices, know for certain that he's full of crap. The president can persuade Congress ro raise or lower federal taxes on fuel, but that's just pennies (which cost 2½ cents each to make, but I digress).
I posted a second article link from heritage.org. This is the one I was referring to being a year old.
For some reason I'm having trouble loading it.
High Gas Prices: The Government Can Actually Help
For some reason I'm having trouble loading it.
High Gas Prices: The Government Can Actually Help
Gradual adjustment means higher. That's what he preferred. As opposed to gradually decrease, which he chose not to say.
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Except gas prices really aren't worse. Gas prices during Obama's terms have risen and fallen with an almost identical graph as Bush.
Also, keep in mind that the dollar's actual net value is measured by three methods: the exchange rates, Treasury notes, and foreign exchange reserves (the amount of dollars held by foreign countries). These three measurements have all recorded a rise in the dollar's value since 2011, thanks in no small part to the Greece debt crisis, reversing a downward decline that began in 2002.
As for the Keystone XL Pipeline, it's something that needs to get approved, and has overwhelming support by Americans, but keep in mind that it won't reduce world oil prices, and thus our gasoline prices, because it just goes onto the world market, and foreign supplies will simply be adjusted for demand. Also, the oil out of that pipeline won't even be our oil, it'll be Canada's.
...Says the guy who thinks the president has control over gas prices.
He didn't say either, he said "gradual adjustment." And he didn't even say it in the context of him wanting higher gas prices. Did you not watch the video?
Regarding your graph. I noticed it stops in Sept of 2012. So it doesn't include 18 months of additional above 3 dollar gas to the equation. Which added to the beginning of 2012 has begun an unprecedented string of consecutive months of plus 3 dollar gas. If that isn't worse off , what is?
Additionally, during Bush's second term, the Dems controlled Congress after 2006. Shortly after gas prices began to rise again. There were attempts to allow more drilling to increase production, which the Dems thwarted.
GOP: Lift drilling ban or risk shutdown - Washington Times
GOP: Lift drilling ban or risk shutdown - Washington Times
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$4.00 a gallon.
You say that as if <more drilling = less prices for gas>. Congress can't control the price of gas, either.
The base price of oil and gas (excluding add ons like taxes) is bought in advance on the spot market.
That number is based on volume & production based on a global index/market. Example would be using benchmark numbers from OPEC. They set there output and price per barrel based on the global supply and several other factors. Even if a president hypothetically opened our reserves completely up, it would maybe drop the price a few pennies a barrel for about a week or two and that would be it.
That number is based on volume & production based on a global index/market. Example would be using benchmark numbers from OPEC. They set there output and price per barrel based on the global supply and several other factors. Even if a president hypothetically opened our reserves completely up, it would maybe drop the price a few pennies a barrel for about a week or two and that would be it.
If you're going to choose 4 dollar gas under Bush as worse, you'll have to qualify that answer. The question was which is worse than month after month of ABOVE 3 dollar gas. (Approx. 26 months in a row). You chose approximately a couple months of 4 dollar gas.