May 06, 2011
Government action to reduce prices at the pump
Bruce Walker
A very simple cause and effect was observable yesterday. The House passed a bill to force the administration to sell offshore drilling permits in the Gulf of Mexico and off the Virginia coast, and the price of oil fell 8.6% in one day, the largest drop in over two years!
Are there any voters out there that want lower gas prices? The Republican House passed the bill, the Democratic President is threatening a veto. Your electoral choice is crystal clear.
I told you so! I did!
You liberal progressives didn't believe me, but I was right and you were (and are) WRONG!
The very idea of more oil being pumped by the US causes those who price oil by what they think the production will be in the future is enough to bring the price down.
Liberal/progressives came to this blog and told me I was stupid.
Well, who's stupid now, jerks?
The more we plan to open more fields to drilling, the lower the prices will go.
"But...but our theory of economics does not support that," I hear you whining.
Well change your theory of economics!
You are wrong...plain and simple.
You either have to admit that or just go shove your tail between your Marxist legs and slink off into Never-Never land.
We'll hardly miss you.
And please...take President BO with you!
7 comments:
Oh Joe, you were SO right, and ARE so right now. Just announcing plans to do more drilling here lowers the price of oil and actually drilling more here would lower it even more.
We CAN be self sufficient without forcing a green economy on us before our infrastructure is ready to support one.
I am personally in a state of shock at the total, total stupidity these buffoons exhibit almost on a daily basis. Every time their arrogant months open, I hold my breath in fear of what they will expel from those empty skulls. If this group is re-elected we really are in more danger then we can imagine.
We now have because of their blabbering mouths, people who are suggesting that this mission was against international law, Osama was unarmed and as such should not have been killed, and a whole slew of other things......WHATS NEXT, the Seals and officers being put on trail by our own government because they will at any expense cover their "Howard Dean" when more of the puzzle is pieced together. I am in total shock....this is the Titanic 10 fold, it is Jimmy Carter 10 fold, they are killing us
Sorry, Joe, but there was a drop in all commodity prices not just oil.
Now, if you want to do something you can explain that drop.
Did you notice that the dollar strengthened?
Hey Ducky!: Well change your theory of economics!
Let's see in Joe's bizarro world the announcement of an unknown number of drilling permits that will produce some level of supply in the future ( a time horizon longer than the standard contract), a time when the demand is unknown, the value of the dollar is unknown, refining costs are unknown ... doesn't matter. Traders are gong to start making wild bets and drive the price down nearly 20% in the space of a few days.
In other words Joe, you're not even wrong.
"Obama gave no credit whatsoever to the intelligence infrastructure the Bush administration set up that is being hailed from the left and right as setting in motion the operation that got Bin Laden. It rubbed Bush the wrong way."
I wouldn't be seen in public with this egomaniac either.
It should rub a lot of folks the wrong way. Every policy put in place by the Bush administration that Barry railed against, and promised to dismantle led to Osama Bin Ladens demise.
Barack Obama is a shameless,
Ducky: Go back and check every single time in history when it looked like the world supply of crude MIGHT increase, and the price of a barrel of oil has plumeted.
Every time!
Coincidence?
Only in the fairy tale world of the liberal/progressive leftist.
"...there was a drop in all commodity prices..."
In the immortal words of Perry Mason: "Irrelevant, immaterial and wasn't covered in direct."
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