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lightshineon -> RE: The 3rd term of Clinton presidency (6/9/2008 12:07:40 PM)
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Bush did not do OPEC, and war has had gas shortages before, and people I am sure did not whine about it as much in those days. We are such victims these days, a little hardtimes, and we are opressed. We are so greedy, and if we do not get a cruise every year we are just in a poor, and oppressed people. We are s spoiled. You will be longing for Dubya days if Obama wins. I want a I told you so one stop thread. quote:
ORIGINAL: PhunkD Of course, the government can affect the markets. Demand has gone up under Bush because - war uses up a lot of gasoline
- filling the strategic oil reserve to its war time level takes even more gasoline
- our debt has continued to finance the amazing growth of the economy that has led to more gas being used.
Supply has not increased because: - Global instability has taken oil off the market
- Lack of oversight has allowed oil companies to cause price surges/spikes by temporarily closing refineries at the worst (for us) possible times for maintenance in the same way that Enron shut down power plants.
- Fuel economy standards remain ridiculously low.
- We have lost any leverage to encouraged the Saudis and other oil producers to pump more oil.
So yes, it is the markets, but the markets would be way different if we had a different president.
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