Recent

% | $
Quotes you view appear here for quick access.

The Boeing Company Message Board

  • gregjanetommax gregjanetommax Dec 13, 2012 9:56 AM Flag

    the liberal lies continue, remember why we have high gas prices, didn't think so

     

    Obama cut drilling on gov. land thus more then doubling gas prices. Guess what he does with that money. Exposed by David Brooks syndicated columnist Obama can't pick one Green Energy winner, do you see any thing in the press about that? Romney got him during the debates but Americans not smart enought to pick up on that. Why cause he is paying off his supporters and freinds of which one Al Gore was worth $2M when he left office is now worth over $100M why isn't the press howling about that.....you see not one word. This president is a thief and not one word.

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • More baloney from the loose screws on the far right...

      Obama Sets Gas Prices? Just Another G.O.P. Myth!

      The issue of gas prices has not only been misunderstood but thoroughly distorted by relentless ideological spin from industry and its political allies, mainly Republican. Hardly a day goes by that some industry cheerleader somewhere — be it Gov. Bobby Jindal of Louisiana or Senator James Inhofe of Oklahoma — does not flay President Obama for driving up oil prices by denying the industry access to oil and gas deposits and imposing ruinous environmental rules. Senator John Barrasso, a Wyoming Republican, said last week that Mr. Obama should be held “fully responsible for what the American public is paying for gasoline.”

      If only the president had the power to give us $2.50-a-gallon gasoline, as Newt Gingrich promised to do if he got to the White House. It is ridiculous to think that a president can.

      One can sympathize with consumers feeling the pain of higher gas prices. But the fundamental truth is that those prices are tied to the price of oil, set by world markets. There are peaks and valleys, but their causes — a worldwide recession, an embargo or conflict in the Middle East — are beyond the control of any one country. As the chart below shows, gasoline prices rise and fall in the same pattern throughout the world. Americans historically pay much less at the pump because they pay lower taxes; when the price of a gallon spikes at $3.70 in the United States, it is closer to $8 in, say, Germany.

      Because oil is a global commodity, increasing domestic production will do very little to bring down retail prices, although it does help narrow the trade deficit as America spends less on imports. On this score, America is doing much better than the Republicans will admit. In 2005, oil imports accounted for nearly 60 percent of America’s daily consumption. In 2010, for the first time in recent memory, imports were less than half of consumption, and last year, imports were only 45 percent — 8.6 million barrels a day of the 19 million consumed. There are two reasons for this welcome shift: production is up and oil consumption is down. Production of crude oil and other liquid fuels, onshore and offshore, reached about 10.3 million barrels daily in 2011, its highest level since the late 1980s.

      Some of the biggest discoveries have occurred on private land in deep shale formations in Texas and North Dakota, and production on federal land is beginning to boom, too. The real issue, which industry’s allies never mention, is whether the oil companies are fully exploiting the federal resources they already control. Mr. Bingaman notes that 7,000 approved onshore drilling permits have been sitting unused by the companies that own them, and that millions of acres under lease in the gulf remain unexplored.

      The most encouraging news is on the consumption side. Americans are getting more miles to the gallon, which means there’s that much less carbon dioxide going into the atmosphere. We used 20.8 million barrels a day in 2005, the highest level in history. That dropped to just under 19 million barrels last year, and, according to the federal Energy Information Administration, is likely to stay there awhile. The recession has had a lot to do with the decline, but so has fuel efficiency. Ten years ago, cars and light trucks (including S.U.V.’s) averaged 24.7 miles a gallon. In 2011, the figure rose to 29.6 miles a gallon as consumers chose more efficient cars. Two landmark agreements between the administration and the automakers — aimed at improving efficiency and reducing greenhouse gases — could raise it to 55 miles per gallon by 2025.

      Despite this progress, ending dependence on foreign oil seems as remote as when President Richard Nixon proposed it. With developing countries like China and India demanding more petroleum, prices are likely to stay high. That’s reality — no matter what the Republican spinners say. Only a rounded policy mix of greater fuel efficiency, steady production and the aggressive development of alternative fuels can protect American consumers against what could be even greater price shocks in the years ahead.

    • Romney didn't attack Obama on many, many things, and attack politics, and fear is the only thing that ignorant folks understand. There should have been fear, legitimate fear, not the lies fear that Obama pushed; the GOP thought they could win with just facts. The Green Energy thing is nothing more than crony capitalism. You either believe Obama was too stupid to get it when European countries told him it didn't work, and they were dropping it, or Obama is corrupt...take your choice.

 
BA
143.15+2.63(+1.87%)Jul 7 4:00 PMEDT