Gas prices.. thats the ticket to bring down President Obama

[Peacetrain]

All the GOP Presidential canidates are jumping on the gas bandwagon.. hoping these high prices will be the trick to bring down the Democrats..(God knows everything else has backfired on them)

UHHH well, I will let one of FOX Financial Contributors deal with that

http://finance.yahoo.com/blogs/breakout/...7.html?l=1

"With gasoline prices now up 20 consecutive days, the coverage and concern is reaching fever-pitch, turning us all into speculators of how high pump prices will rise.

"We're probably not going to hit $5 a gallon," predicts Phil Flynn, FOX Business Network contributor and oil analyst at PFG Best. Flynn calmly says we're getting way ahead of ourselves with all this price per gallon talk, prior to couching his prediction in the necessary caveats about Iran, the Middle East, and nuclear conflagration......

What if the worst doesn't happen.

"If the worst case scenario doesn't happen we're going to a bunch of oil sitting around in tankers that will put significant downward pressure on prices," he says.

[jaxx]

It must be the GOP meme of the day, they're all screaming about gas prices. I don't know why because prices have been higher....under dubya they went over 4.00. They ignore that fact.

[pappy]

(02-27-2012 02:30 PM)jaxx Wrote:  It must be the GOP meme of the day, they're all screaming about gas prices. I don't know why because prices have been higher....under dubya they went over 4.00. They ignore that fact.

That was Obama's fault.

[Peacetrain]

(02-27-2012 02:30 PM)jaxx Wrote:  It must be the GOP meme of the day, they're all screaming about gas prices. I don't know why because prices have been higher....under dubya they went over 4.00. They ignore that fact.

Facts apparently do not play well with that crowd..then again they are pushing for an uneducated populace..

[jaxx]

Are Gas Companies Toying With Gas Prices to Help Get a Republican in the White House?

By Steven D | Sourced from Booman Tribune
Posted at February 23, 2012, 6:01 am

<..> We know that certain large, wealthy and influential business interests have an "interest" in not seeing President Obama re-elected, or at least keeping Democratic gains at a minimum, especially in the House of Representatives, for a number of reasons, despite the fact that the profitability of these businesses has performed very nicely over the past 3 years, thank you very much. Nevertheless, these profitable business interests would prefer a Republican in the White House.

These businesses also have the ability to effect the availability of gasoline and the price that you and I must pay for it, keeping supply low so prices will continue to rise. Higher gas prices means upset consumers, many of them who are also voters. Upset voters tend to blame the President in office and his party for the state of the economy.

<..> Do you wonder why the Neocons are being trotted out to hype a war with Iran even though Iran is not an imminent threat to any country in the world, including Israel? Do you winder why US refineries had record production of gasoline in November but most of that increase went to exports despite the demand in the US market? Would you be surprised to learn that Wall Street speculators have been driving the price of crude oil up?

<..> Gee, I wonder what happened to the invisible hand of the free market? Well to be honest, I don;t really wonder about that at all. You see, we've seen these types of "games" before in election years. For example, wasn't it funny how in both 2004 and 2006 oil prices declined significantly in the run-up to the November elections at a time when lower prices would presumably benefit Republican incumbents.

http://www.alternet.org/newsandviews/art...ite_house/

Last week the GOP lied about contraception. This week they're lying about gas. Next week.....taking bets on what it'll be?

[Andy823]

(02-27-2012 02:36 PM)jaxx Wrote:  Are Gas Companies Toying With Gas Prices to Help Get a Republican in the White House?

By Steven D | Sourced from Booman Tribune
Posted at February 23, 2012, 6:01 am

<..> We know that certain large, wealthy and influential business interests have an "interest" in not seeing President Obama re-elected, or at least keeping Democratic gains at a minimum, especially in the House of Representatives, for a number of reasons, despite the fact that the profitability of these businesses has performed very nicely over the past 3 years, thank you very much. Nevertheless, these profitable business interests would prefer a Republican in the White House.

These businesses also have the ability to effect the availability of gasoline and the price that you and I must pay for it, keeping supply low so prices will continue to rise. Higher gas prices means upset consumers, many of them who are also voters. Upset voters tend to blame the President in office and his party for the state of the economy.

<..> Do you wonder why the Neocons are being trotted out to hype a war with Iran even though Iran is not an imminent threat to any country in the world, including Israel? Do you winder why US refineries had record production of gasoline in November but most of that increase went to exports despite the demand in the US market? Would you be surprised to learn that Wall Street speculators have been driving the price of crude oil up?

<..> Gee, I wonder what happened to the invisible hand of the free market? Well to be honest, I don;t really wonder about that at all. You see, we've seen these types of "games" before in election years. For example, wasn't it funny how in both 2004 and 2006 oil prices declined significantly in the run-up to the November elections at a time when lower prices would presumably benefit Republican incumbents.

http://www.alternet.org/newsandviews/art...ite_house/

Last week the GOP lied about contraception. This week they're lying about gas. Next week.....taking bets on what it'll be?

I think that this could be a big issue for democrats in congress to jump on. Start putting out bill after bill to stop speculators from manipulating the oil prices, and force republicans in the senate to vote on it, and if they vote NO, make them explain why. Force republicans in the House to either put the bill on the floor for a vote, or kill the bill, then make them explain why they had to kill the bill.

[PoliticalTiger]

The cons are praying for gas prices to rise but I don't think it will be a big problem in the long run unless things get worse in the Middle East - it just seems like this happens every year when it comes to gas prices, and by the time the election nears I'm assuming (and hoping) that gas prices will have leveled off.

I also think this may be one reason the right is urging Israel to bomb Iran. They don't give a shit about Iran getting the bomb, they want chaos in the Middle East which definitely would effect gas prices.

[Drunken Irishman]

This is what's funny. All the talk about rising gas prices, the panic it's bringing and I guarantee you later this year, they'll start falling again and it will put the Republicans in a difficult position. Since they blame Obama for the rise in gas prices, will they suddenly praise him for the prices lowering? Of course not. But it'll be funny watching them wiggle out of that one.

The only thing that will impact gas prices is a war with Iran and I don't think that'll happen.

[Andy823]

(02-27-2012 02:18 PM)Peacetrain Wrote:  All the GOP Presidential canidates are jumping on the gas bandwagon.. hoping these high prices will be the trick to bring down the Democrats..(God knows everything else has backfired on them)

UHHH well, I will let one of FOX Financial Contributors deal with that

http://finance.yahoo.com/blogs/breakout/...7.html?l=1

"With gasoline prices now up 20 consecutive days, the coverage and concern is reaching fever-pitch, turning us all into speculators of how high pump prices will rise.

"We're probably not going to hit $5 a gallon," predicts Phil Flynn, FOX Business Network contributor and oil analyst at PFG Best. Flynn calmly says we're getting way ahead of ourselves with all this price per gallon talk, prior to couching his prediction in the necessary caveats about Iran, the Middle East, and nuclear conflagration......

What if the worst doesn't happen.

"If the worst case scenario doesn't happen we're going to a bunch of oil sitting around in tankers that will put significant downward pressure on prices," he says.

I read this article earlier and tend to agree. IF something big does happen with Iran, then all bets are off the table and who knows how high prices will go, but right now it's all about "greed", speculators trying to cash in, and the right wing trying to find something to hit president Obama hard on. They "hope" this will be it, but as the article said, if there is a lot of oil being stored on shore, and even offshore on boats that have no place to unload it, prices are going to drop. People jumped on the oil bubble once before, and I think most investors are not going to get into that "bubble burst" again. While prices have gone up it's nothing like it was during the Bush years when prices went up $5, even $10 a barrel in a day on nothing really but "talk" of trouble.

I really hope things get worked out in Iran, for many reasons, the main reason is we don't need any more wars for oil where our soldiers die for no good reason other than to help some oil company try and get their hands on more oil. Another reason is it will take another attack scenario away from the right wing, and pretty soon they will have nothing to fall back on.

[Drunken Irishman]

My gut tells me Iran is filling the pinch of the sanctions and will ultimately open a dialogue with Europe. I know they sent Catherine Ashton of the EU a letter that showed some signs of wanting negotiate. Of course, it could be a ploy, but I think it's more than that.

Still, it's anyone's guess.