The price of Oil and the Presidency

[inxs]

The solutions used before, which are both well within Constitutional bounds, were to change the amount of margin required for speculation on the Commodities market. This power was put into place because of the last crash and is available and works every time it has been used.

The second would be to announce and follow through on domestic production increases.

Of course, any attempt to stop kissing their ***** might also help.

 

[johenz]

Jediagh,
Apparently I was wrong. The Fed has had about 5 predecessors in the attempt to establisha central bank. See the vid that Lashicon posted. it examines the history of the central bank system in the US.

 

[SSGSAD]

JMHO, gas, was $1.83, when bho, was elected, now it is $3,88, heading to $4.17, maybe higher, in some places, we are printing money, like there is no tomorrow, causing the dollar, to go down, and oil, to go up..... quit printing money, and PUT people, to WORK, people, who work, pay taxes, and are NOT collecting, unemployment, welfare, and food stamps, PART, of the problem solved ..... are YOU, going to VOTE to reelect this guy ????? NOT ME !!!!!

 

[dross]

I hear a lot of people lately complaining about oil/gas prices. Rightly so. The tone in these comments is often that they want the president to "do something about it."

What exactly would people suggest he do? With an emphasis on constitutional authority.

What control (legitimate or not) does the president currently have over the fluctuating price of Oil?

This really is a discussion of the office of President and not the resident who occupies it. I'm not an Obama supporter by any stretch.

Obama isn't responsible for the high prices, just as Bush wasn't. Obama, however, has taken several actions which have contributed to the higher prices and is on record saying that higher prices are a good thing.

My issue is that Obama gets a pass for high oil prices and Bush got hammered for them. The same way the "homeless problem" disappears under Democrat presidents and reappears under Republicans, and how Republican presidents go to war "unilaterally" even when they get Congress's approval, but Democrats can go to war with no one's approval. And many others.

Presidents have much less power than people think they do, though this particular one has managed to do quite a lot in a short time.

 

[drobpk]

JMHO, gas, was $1.83, when bho, was elected, now it is $3,88, heading to $4.17, maybe higher, in some places, we are printing money, like there is no tomorrow, causing the dollar, to go down, and oil, to go up..... quit printing money, and PUT people, to WORK, people, who work, pay taxes, and are NOT collecting, unemployment, welfare, and food stamps, PART, of the problem solved ..... are YOU, going to VOTE to reelect this guy ????? NOT ME !!!!!

Good Post! These are all excellent points and quite logical! Unfortunately, it does not fit in the Progressive (socialist) mindset to use such logic.

In fact all it takes is a walk through the history books to see that socialism does not work because you run out of people to actually pay the bills.

Absolutely no chance I would ever vote for him, just as I did not last time. I just hope someone emerges to the forefront with the knowledge and charisma to deep 6 this administration forever! Mya additional

 

[steveh_131]

JMHO, gas, was $1.83, when bho, was elected, now it is $3,88, heading to $4.17, maybe higher, in some places, we are printing money, like there is no tomorrow, causing the dollar, to go down, and oil, to go up..... quit printing money, and PUT people, to WORK, people, who work, pay taxes, and are NOT collecting, unemployment, welfare, and food stamps, PART, of the problem solved ..... are YOU, going to VOTE to reelect this guy ????? NOT ME !!!!!

I'm just going to be blunt and say that your post may contain many valid points, but the only thing my brain could absorb from it was ", , , , , , , , , , , , , , , , , ".

 

[Fletch]

Absolutely no chance I would ever vote for him, just as I did not last time. I just hope someone emerges to the forefront with the knowledge and charisma to deep 6 this administration forever! Mya additional

Well there's your problem right there... Republican front-runners are almost universally unlikeable, and their knowledge of anything, particularly economic matters, is generally below common sense levels.

Mike Huckabee? Nobody wants a theocrat.

Mitt Romney stretched the limits of disbelief... can anyone from Massachusetts honestly call themselves a Republican?

Ron Paul? I love the guy, but he's past his prime. He talks economics in a way I can understand, but the average voter completely tuned him out when they heard his whiny voice.

John McCain? Nobody's going to vote for the cranky old guy who scares the children walking past his house. Obama could have tattooed "Thug Life" on his forehead and still beaten him.

And now we have Donald Trump? Might as well put up the CEO of Monsanto or something.

 

[chraland51]

John Galt is correct. The bammer could get the EPA out of the way of energy development and fast track offshore and land based new drilling operations. We would possibly have to keep our domestically produced resources in this country for use by this country only. Putting them on the world market, unless we flooded it to drive the prices down, would probably not lower our prices very much. We need to build more refineries. No one seemed to learn anything when Katrina shut down several Texas refineries. We need more refineries spread out for national security reasons. Our elected officials just seem to miss the boat most of the time when it comes to our national security. We need to forget about running this country on wind and solar power. Those just ain't gonna work on the scale that the bammer is trying to tell us they will. I would also tell NATO and the UN that we are no longer going to foot the bills that we do at this time. If someone wants our help, they will have to pay for it. I would ship every criminal Mexican back to Mexico and charge them for the expenses that we have already incurred from their stay in this country. Mexico could pay us with barrels of oil. The ones that want to work and contribute could stay, but they would have to register and they would not be allowed citizenship until they satisfied certain requirements such as millitary service or something else along those lines. I still believe that this country can be saved, but the window of opportunity is quickly closing. I do not want to be a France, Germany or England who all know that multi-culturalism does not work and all that you get is a bunch of mad parasites who riot, loot and burn because their handouts do not satisfy their greed. We also need to get the environmentalist whackos and ACLU out of the way as well as that Southern Poverty Law Center or whatever it is called. They are the ones that sued a rancher for taking strong measures to protect his property and eventually ended up having to give it up to the vandals and trespassers who were destroying his property as the result of the court settlement.

 

[drobpk]

Well there's your problem right there... Republican front-runners are almost universally unlikeable, and their knowledge of anything, particularly economic matters, is generally below common sense levels.

Mike Huckabee? Nobody wants a theocrat.

Mitt Romney stretched the limits of disbelief... can anyone from Massachusetts honestly call themselves a Republican?

Ron Paul? I love the guy, but he's past his prime. He talks economics in a way I can understand, but the average voter completely tuned him out when they heard his whiny voice.

John McCain? Nobody's going to vote for the cranky old guy who scares the children walking past his house. Obama could have tattooed "Thug Life" on his forehead and still beaten him.

And now we have Donald Trump? Might as well put up the CEO of Monsanto or something.

Yeah, you are probably right in saying that those guys are un-electable. But it's still early. There is still time for someone to emerge, showing some charisma.

There are still some we have heard very little from including Tim Pawlenty, Rick Santorum, and Gary Johnson - a supporter of Ron Paul and former Governor of New Mexico.
I have heard that General Patraeus may even be interested.

It is totally irrational to think that Obama could be re-elected. But that may be why it will happen. Most people do not care to investigate and find the truth.

 

[dross]

Well there's your problem right there... Republican front-runners are almost universally unlikeable, and their knowledge of anything, particularly economic matters, is generally below common sense levels.

Mike Huckabee? Nobody wants a theocrat.

Mitt Romney stretched the limits of disbelief... can anyone from Massachusetts honestly call themselves a Republican?

Ron Paul? I love the guy, but he's past his prime. He talks economics in a way I can understand, but the average voter completely tuned him out when they heard his whiny voice.

John McCain? Nobody's going to vote for the cranky old guy who scares the children walking past his house. Obama could have tattooed "Thug Life" on his forehead and still beaten him.

And now we have Donald Trump? Might as well put up the CEO of Monsanto or something.

It won't happen this cycle, but I think Rand Paul might make a very interesting candidate. He needs better hair. Not quite executive enough, yet.

Of all that's available, I actually like Gingrich the best - his negatives may be too high. Hillary's were high too, but then she had the MSM as a wing of her PR campaign until Obama caught fire.

 

[Fletch]

It won't happen this cycle, but I think Rand Paul might make a very interesting candidate. He needs better hair.

Aw come on... how can you go wrong with the James Caan circa 1975 hairdo?

 

[Fletch]

There are still some we have heard very little from including Tim Pawlenty, Rick Santorum, and Gary Johnson

Rick Santorum's presidential hopes died a long time ago, when he became the punchline to a very disgusting joke.

It is totally irrational to think that Obama could be re-elected.

I fully expect him to be. If history repeats itself, and he's the modern-day FDR, he'll win in a landslide.