
Associated Press
Early on last night, a voter asked about gas prices, leading to a rather heated exchange about a variety of energy-policy measures, including drilling leases. Eventually, moderator Candy Crowley tried to focus on a narrow point:
"Mr. President, could you address ... what the governor said, which is: If your energy policy was working, the price of gasoline would not be $4 a gallon here. Is that true?"
President Obama explained that "world demand's gone up," but I suspect some viewers were still confused about the overarching policy.
We haven't really delved into this in earnest since February, so let's set the record straight, because the relevant details make all the difference.
It's true that when Obama took office, gas cost about $1.81 a gallon, and it's more than double now. And how did gas prices get so low in late 2008 and early 2009? Because there was a global economic catastrophe -- gas was cheap because the economy had fallen off a cliff. As the economy improved, demand went up, and the price of gas started climbing. It's Economics 101.
As Matt Yglesias explained a while back, "It turns out that driving to work, ferrying stuff from the warehouse to the store, hauling containers across the Pacific Ocean, and flying around to meetings all takes oil. If you manage to orchestrate a situation in which millions of people lose their jobs, retail sales plummet, stores close, and economic activity generally grinds to a halt, this frees up a lot of extra oil."
Demand went down, supply went up, so gas prices went down. Then the economy improved, demand went up, supply went down, so gas prices went up. It doesn't mean we're watching a flawed energy policy fail; it means there's a global market that's affected by recessions and recoveries.
But there's another relevant angle here: Romney's the wrong candidate to make the argument in the first place.
Alec MacGillis reported in March on Romney's recent past, when he "liked high gas prices."
Befitting his profile as a moderate Republican who cared about the environment, Governor Romney responded to price spikes by describing them as the natural result of global market pressures and by calling for increases in fuel efficiency -- the same approach that he now derides Obama for taking as president.
At moments, Romney went so far as to make high gas prices out to be a welcome reality for the foreseeable future, one that people needed to learn to live with. When lieutenant governor Kerry Healey, a fellow Republican, called for suspending the state's 23.5 cent gas tax during a price spike in May 2006, Romney rejected the idea, saying it would only further drive up gasoline consumption. "I don't think that now is the time, and I'm not sure there will be the right time, for us to encourage the use of more gasoline," Romney said, according to the Quincy Patriot Ledger's report at the time. "I'm very much in favor of people recognizing that these high gasoline prices are probably here to stay."
Romney's response to high gas prices while governor fit into his broader effort to promote "smart growth" policies in Massachusetts -- a focus that is rare among Republican leaders but that he took up with alacrity.
All things being equal, Romney's much more at odds with the previous version of himself than Obama.





It's also worth noting that just a few months before Pres. Obama was elected / took office, gas prices on the national average were HIGHER than they are now...
http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24
Thank you, sometimes I feel as though I'm the only one that remembers when Shrub was in office gas was almost $5/gal in some states. Yet the GOTP have amnesia about that!
Gas prices are caused by speculators and whether they're hoarding or not - frankly shouldn't the SEC look into the price manipulation since "drill, baby, drill" is alive and well?
Yes gas prices were higher when Bush left. GOP will never take responsibility. Their ongoing committment to thwart Obama at the expense of Amercians is vile. It's incredible they get away with this.
http://www.consumerenergyreport.com/2012/06/21/how-much-oil-is-left-in-the-world/
Then there is-"
When the modern oil industry was born 145 years ago in Titusville, Pa., few people worried about just how long petroleum would keep flowing out of the ground. But since production peaked in the United States in 1970, a growing number of geologists, economists and industry analysts have been pondering the question of just how long worldwide supplies will keep up with growing demand. And some are predicting that global production may peak as soon as next year.
The outlook is muddied by the data. Estimating oil reserves — how much is left in the ground — is a notoriously perilous endeavor. The task is complicated by the secrecy of OPEC producers, who are reluctant to dislose just how much oil they’ve found"..http://www.msnbc.msn.com/id/5945678/ns/business-oil_and_energy/t/how-long-will-worlds-oil-last/
Oil barons would like to keep us oil dependent until the reserves are dwindling so they can charge any price they want and of course manipulate politics according to their whims.(just my opinion)
“The next time you hear a politician say that he or she will bring down oil prices, understand it’s complete BS… Bill O’Reilly. The link below contains more and is worth the read.
http://tinyurl.com/8y3gol9
Oil is sold on a global basis, and I'm not convinced any president can control the price.
As for the Keystone pipeline which brings oil from Canada to the Gulf for shipping, that will not help the US with its oil demand. Nor was it ever intended to do so.
http://tinyurl.com/6n8otm4
But the pipeline will bring jobs in welding and such(most held by Canadians) and they will buy land from people(if the state does not simply condemn the property and hand it over for free).
The real republican reply might be--we need to build more refineries in your backyard so we can refine it here!
Damn Mother Nature and the tree huggers let us destroy the Earth so the Bible thumpers will have more to pray about!
How would Saudi Arabia survive if the oil wells dry up? What would they use as leverage to get other countries like the USA to dance to their piper? How much oil do you think they could possibly have within their borders?
Now the oil barons are dreaming of global warming opening up areas under the Arctic ice.Mankind is inferior to pissants.I am sure the rats and roaches will appreciate the trash we leave behind.
Thank You for admitting that Obama CANNOT solve this problem. He IS the problem. But more-over, what you are saying here TRMS Blog Author is that President Obama cannot present a policy by which HE can make a difference. Obama has ONLY failed as far as the price of fuel is concerned.
Obama is not only part of the fault, he has NO answer!
What is your Solution? drill baby drill?
His solution? He sits while watching FOX,listens to Rush in the shower and sleeps under the covers, so his solution is to ignore such questions while spitting up the trash he has been feeding on.
You realize how incoherent you're sounding, right?
The only things Obama could really do to control the price of oil are the things you and the Republicans would have an apoplectic fit about if he even suggested them.
As Obama said last night, Mitt could greatly reduce the price of gas-by cratering the economy.
Obviously, Patty's "solution" is to pray really hard for the coming Apocalypse to hurry up and get here so the beloved sky-god can return...
Whatever.
;-/
Yo Paddy,
I'm half Irish, but I'm totally embarassed by your idiotic post. Let's see if these facts can penetrate that ball of bone sitting atop your neck:
1. Oil is a global commodity. U.S. policy has ZERO effect on the price because there are too many external factors. The only internal measure that might help is to restrict speculation on oil futures in the market, which the LAST thing a Romney administration will ever do.
2. Global demand has significantly increased (and will continue to do so), which is what is driving the price up. China, India and other emerging countries are assuming our fuel-burning ways, so Romney's implied claim that his policies will bring the price down is complete BS.
This is why Obama's plan to foster alternate forms of energy and, more importantly, significantly increase energy efficiency, is a realistic path towards energy independence, while Romney's "plan" of drilling on every acre of public land is moronic (which of course makes sense to an idiot like you).
"foster alternate forms of energy" how is that working for ya, Solyndra, the battery company that went feet up,...and drilling on every acre of public land .....can you say hyperbole? POTUS has been a failure at every thing he has touched and that will not change with four more years. Romney's implied claim that his policies will bring the price down is complete BS... you are so right, that is why POTUS said that under his admin energy costs would skyrocket, and guess what they did!
This looks like a sockpuppet for the whatever Kerr troll.
The honest No.1 reason gas prices are this high. Simple basic economics. It's supply and demand sure but you have to remember the other link in that chain "What the market will bare".
Gas prices are high because we as consumers will pay them even if it is grudgingly and with a lot of complaining.
Unless someone campaigning for office comes along and say they are going to fix price levels (which is political suicide in this country) there just honestly isn't a lot they can do. It doesn't matter how many pipelines you build or holes you dig in the ground.
And they're still lower than the peak price during the Bush Administration.
Perspective people......
They were around $1.20 a gallon in 1980. How much were you making in 1980?
Think about it. The average salary around 13k a year in 2011- 43k
http://www.ssa.gov/oact/cola/AWI.html
As a percentage about the same or less .
This is one spoiled ass country as far as gas prices go . The places where it's cheaper.....have nationalized the oil companies .
Go pound sand republicans
Did you notice the look on Romney's face when the President was speaking?He looked like he had a real bad problem with gas pain's.
Criminy! The reply I meant to put here can now be found at #8.2 instead (sorry).
FWIW I know this is a bit unrelated but...
October 17, 2012
U.S. unemployment, as measured by Gallup without seasonal adjustment, is 7.3% in mid-October. This is down considerably from 7.9% at the end of September and at a new low since Gallup began collecting employment data in January 2010.
Why, did Romney, boast about jobs, while at the same time his Bain, was shipping a factory to 'china? This is like a slap in the face to all amerina! His stance on women, just showed me he does not care about them! His lies on taxes is soooooo out in left field, that it not even in the ball park. I'm so tired of him bluring up the issues, that I've stopped wanting to hear him speak. Even on your show. Or for that matter on anyones show! Will we here in America, except the fact we have our first president of color? I too, am a person of color, and after the overthrow of my country, by the U.S., the president of that time, stated the fact " The nigers of Hawaii are ours". We need to look deep into our selves, and ask "Is the united states, really a free country?"
My answer to that is a very big NO! From the time of the pilgrams, to now, America has concord other countries, for the sake of freedom??????????? Where ?
Actually, a bit later on, Obama did get into it more, making my favorite argument, "If a candidate promises you he'll bring gas prices down, the correct response is 'So you're planning to crash the world economy again?'"
I thought that was one of Obama's best moments in the debate. Turning Romney's argument on its head, he drew a bright line from Romney to Bush.
Actually, supply/demand ratios are only a part of the picture. Frankly, notwithstanding my overall delight at President Obama's improved performance, I was particularly disappointed that, when questioned about the frustratingly high prices of gasoline at the pump, neither candidate breathed a word about dealing with Wall Street speculators.
Their gambling at that casino represents a significant part of this "problem", also the part that should be easiest to resolve. As recently as February, even Forbes estimated that this speculation alone (by parties that have no direct interest in the commodity itself) adds as much as 56¢/gallon to the pump price of gas.
Dagnabbit - this comment was intended as a reply to #5 (although it's not entirely irrelevant here, either).
Get Enraged and Engaged:
Mooch the Vote 2012!
;-)
Agreed. It's the only action that can affect the price of gas domestically. The best strategy is to some day make it obsolete.
Its ok Pretzel we will forgive you, but only because you used the word "Dagnabbit" in a sentence without sounding like Yosemite Sam.
Left unsaid is the fact that there ARE things a President could, with the support of Congress, do to get gas prices down. Sadly, ALL OF THEM are what most Americans would consider aggressive socialism. Not the pretend socialism that the Teabaggers squawk about, the kind where business-friendly policies that were favored by Republicans just ten years ago suddenly become Marxist because a Democrat proposes them. I mean REAL socialism -- price controls, protectionist export taxes, nationalization of the oil industry -- none of which would be acceptable to anyone other than possibly Bernie Sanders. The dirty little secret that the Teatards refuse to acknowledge is this: there is absolutely no mechanism in a capitalist society that will ensure that a scarce good will be sold at a reasonable price locally so long as a better price can be obtained somewhere else. Anyone who thinks differently fundamentally misunderstands what capitalism is. Which is par for the course, I suppose -- these nimrods don't understand the Constitution or the Bible, but they keep spouting off about them. Why should Wealth of Nations be any different?
lost you at Teabaggers, denigrating someone with name calling, tsk, tsk. actually the Democrat party is if this ilk. LOL a liberal talking about the bible. You failed the very first critical thinking fallacy, like all liberals do, the ad hominem attack.
Yes, this absolutely is the ... Kerr troll. Mr. Benen! You need to check this guy pronto!
The wrong Date, issue is just another way of stopping the vote in America!!!!!!!!!!!
If we allow Republican to continue this, communist way, then we are NO LONGER, a free country. We will be known as the Communist states of america!!!!!!!!!!!!! Like germany We will live under Hitlers rules.
Communist Party infiltration of the Democratic Party. Communist Party USA plans to infiltrate and manipulate the Democratic Party can be illustrated by direct quotes …It works to battle capitalism and the drive for maximum profits, because it believes the living standards of workers and the natural environment are under attack. Sounds like the Dems to me.
BOOK: 'The Communist: Frank Marshall Davis, The Untold Story … Obama's mentor!
Communist Party USA Reveals: We're Using the Democrat Party ...
http://voices.yahoo.com/communist-party-usa-reveals-we-re-using-democrat-7328620.html?cat=9
CONGRATS… Communist Party USA Endorses Barack Obama …
http://azpundit.com/congrats-communist-party-usa-endorses-barack-obama-and-democrats-for-2012-election/
American Socialists Release Names of 70 Congressional Democrats
http://www.thegatewaypundit.com/2010/08/american-socialists-release-names-of-70-congressional-democrats-in-their-caucus/
Heh, Heh,
Multiple accounts...ban this troll now!
There is something that I have to literally laugh about. And that is the supposed first man and woman on the earth. When it was Adam and this first woman separated because of issues about sex. Adam just wanted the traditional way and the first woman said no let’s try something different. But Adam said no only this traditional way we can do it. That is like wow really when I have heard so many men complain to women about wanting to try something different. This is like man really is this story real about this supposed Adam. It is come on are you for real.
Gallop Poll today:
Romney 51%
Obama 45%
It's the economy stupid!
Obama IS at fault for the rise in gas prices. That IS what HE promised would be the direct result of his 2008 election victory. To make natural fuel prices soar to unreachable heights so that GREEN energy methods (Solyndra, The Volt and A123 Battery Company ALL funded by Obama administration thru Stimulus funds) would usurp the need for natural oil. And coal.
The War on the Middle Class (getting legitamately raped at the gas pumps) has been won. Obama is the Victor!
I'm Irish too, IrishPat7, and from what you've written above, I can tell you're being a bit too Irish here as your words are cockamamie reflections of hooligan gibberish! You know not what you speak! And to think, I will have to use my vote to cancel your low-information vote! -Kevo
Oh Irish...
In the poll you mention, Obama is ahead in the East, Midwest and West, and only behind in the bat-@!$%# crazy south.
Gee, and he was really counting on Mississippi and Texas...
Gallup jumped to Romney right after they moved from registered voters to a new likely voter model. Nobody else is getting numbers like Gallup. I suspect the likely voter model is off. If it makes you feel good go ahead and cheer.
Obama: My Plan Makes Electricity Rates Skyrocket - YouTube
http://www.youtube.com/watch?v=HlTxGHn4sH4
oops......
https://www.facebook.com/photo.php?fbid=515364941821008&set=a.131276366896536.18165.128268590530647&type=1&theater
58%/40%, 49%/46%, 51%/44%, 59%/36% all in favor of guess who!! Heh, Heh!
Multiple accounts troll! Ban him!
Note to IrishPat7, if you paid attention the research into clean energy sources is increasing but it is still unlikely that any country would be able to move away from oil, gas and coal in the near future. I highly doubt that Obama is so far from intelligence that he would jeopardise not only the economy but the future of the US on something that is not yet ready to go beyond a few towns or cities, if that much.
However, if you still don't believe me then look at Brazil. They are currently attempting to lower oil and gas consumption through the use of ethanol but they are still dependent upon oil and gas for energy as well because the TECHNOLOGY is not up to date with their long-term goals. You're spouting nonsense.
It is this exact issue that separates the political leader from the political opportunist! For one who bills himself as an economic powerhouse, Mitt Romney's perspective presented last night was that of an opportunist who has little thought of helping average Americans better understand how our economy works, how causal context matters for all economic issues, and how a multitude of supply and demand factors trump any president's efforts to control the price at the pump!
To charge the POTUS with any blame behind rising gas prices is like throwing fecal matter at the fan to see how much can fly and stick on whomever is targeted. Mitt Romney is a shyt thrower, unworthy of the title POTUS! -Kevo
I thought I remembered Obama making the claim about prices being down during the lowest point in the economy. Granted, he could have expanded it to explain further that lowest point in the economy meant lower demand so prices were dropped to induce demand for gas. And, that may have helped further. For someone who pays attention, however, I got what he meant. For the wider audience, further explanation of supply and demand would have been helpful.
This is an idea to resolve energy cost and our energy independence. Please read.
The Keystone Pipeline Project vs. The Cornerstone American Energy Project
Reasons for the approval of the Keystone Pipeline Project:
It has been confirmed for me by my local Congressman Tim Griffin that the Keystone Pipeline Project has been proposed not to lower fuel or energy cost in America but to get the Crude Oil Resource to the Gulf Refineries so it can be refined and sold by them on the World Market. This past year Domestic Refineries along the Gulf Coast exported more refined oil products than ever before. The Latin American markets have been the biggest purchasers recently of the refined products with China’s interest increasing. Although the American public has been told the reason for the approval of the project is American energy independence and lower fuel cost none of this will be accomplished by the Keystone Project. Selling the refined products on the World Market will not increase our energy independence because the product will only go to the highest bidder and adding the resource to the Global Marketplace will only have a minute impact on our Domestic Fuel and Energy prices.
It has also been stated that the Keystone Pipeline Project will create jobs at a time when they are most needed in our country. This is true but only limited to the labor jobs and construction material manufacturing jobs created during the construction period, but once the construction is over the jobs will be lost and nothing will be accomplished that will benefit this country for the long haul. The American Oil Industry has every reason to want this project approved but it is a “Sham” that will only benefit them, their shareholders, and bottom lines.
Reasons for the Cornerstone American Energy Project:
The Cornerstone American Energy Project is an “Independent Idea of Intelligence” that would have a positive effect on every level of this energy resource’s development, distribution, economic effect, use, American energy independence, National Security, and global environmental well being. An added benefit is that it would also aid the development and distribution of the incredible Natural Gas resource that has been discovered in the regional areas of Montana and the Dakotas.
The Cornerstone American Energy Project is a plan that invests in the expantion of existing and construction of new “state of the art” refineries in the Dakotas and Eastern Montana rather than a pipeline to the Gulf. This plan would benefit Americans in numerous ways well beyond temporary pipeline jobs and a minute reduction in global oil prices. Here is a list of the main benefits of the Cornerstone American Energy Project:
- True American independence from Foreign Oil by keeping our resources in this country. Let the oil refineries on the Gulf Coast refine the crude oil collected in the Gulf and sell it on the World Market once American needs are being met.
- It would create more jobs expanding existing and building more efficient “state of the art” refineries to refine both the Oil Sand crude and our tremendous Natural Gas resource than what construction of a pipeline would create. Most of the jobs would be long term for the function and maintenance the refineries.
- Additional short and long term jobs would be created by the construction and operation of a true domestic distribution network created for the long term distribution of the refined product.
- Tremendously lower the cost of energy in America by meeting this country’s needs before any surplus is sold globally. Fuel cost domestically could go down dollars a gallon instead of cents a gallon. With prices lowering this much Interstate Infrastructure taxes could be raised a few cents to reinvest in our deteriorating Interstates, highways, and bridges creating even more jobs without it being an economic burden.
- Stabilize domestic retail fuel prices by keeping them from jumping 30 or more cents a gallon every time a hurricane threatens the Gulf of Mexico. Also the effect on supply and wholesale price speculation due to the instability of foreign affairs in the Middle East would be dramatically lessened.
- Economically it would give our American companies an economic advantage by providing them with lower energy costs to help them compete globally.
- It would also help American companies by keeping the resource from countries competing against our domestic manufacturers and distributors.
- It would give us greater National Security by keeping the resources out of the vehicles and production facilities of countries that endanger our troops and want to jeopardize our National Security.
- Environmentally the Earth would suffer much reduced effects from this resource’s consumption in a country with higher Environmental Standards for the vehicles and production facilities using the refined oil and Natural Gas products. The possible effects of increased Global Warming from the unregulated use of the refined oil products in foreign countries can be dramatically reduced by using these products here in America.
Any two of the nine reasons listed above would justify the termination of the Keystone Pipeline Project in favor of the Cornerstone American Energy Project. The monetary investment needed for new refineries will be significant. The EPA could help lower the cost if needed by analyzing the requirements on such facilities to what is a reasonable improvement over the current operating refineries on the Gulf Coast. Also, subsidizing the construction of new refineries and a domestic distribution system for these resources makes more sense than the continued subsidizing of the current systems that are not bringing energy costs down nor creating American Energy Independence. In the face of such a dramatic difference in the benefits of the two projects why would we not terminate the Keystone Pipeline Project and put into place the Cornerstone American Energy Project.
For once we can do something that makes real sense on every level if we do not allow Lobbying Dollars to stand in the way. This is a true American Energy Independence, Economic, and National Security Program that the American public from every background, every political position, and every economic level will support. I believe they will even demand it once they become aware of it.
For more information please contact:
Tom Brawley
501-319-3900, or email tomb@gomyvrv.com
Keystone Pipeline Project
- The Keystone Pipeline Projects does not create American Energy Independence.
- It increases energy resource exportation without lowering domestic energy costs.
- It only creates short term pipeline construction jobs.
Cornerstone American Energy Project
- The Cornerstone American Energy Project creates real American Energy Independence.
- It significantly lowers Domestic Oil and Natural Gas prices in our country.
- It would create more short term and add long term jobs to the American Economy.
- It would stabilize energy costs in our country aiding our economy.
- By lowering energy cost it would create a boost to our economy by making our manufacturers more competitive in the Global Market.
- It would aid our American Manufacturers by keeping the resources out of the hands of foreign manufacturers working against us.
- It would improve our National Security by keeping the resources out of the hands of militaries and manufacturing facilities that threaten our National Security and troops.
- It would dramatically improve our Global Health by reducing the effects of the consumption of these resources by having them consumed here where Environmental Standards for vehicles and manufacturing facilities are stricter.
The Keystone Pipeline Project vs. The Cornerstone American Energy Project
Reasons for the approval of the Keystone Pipeline Project:
It has been confirmed for me by my local Congressman Tim Griffin that the Keystone Pipeline Project has been proposed not to lower fuel or energy cost in America but to get the Crude Oil Resource to the Gulf Refineries so it can be refined and sold by them on the World Market. This past year Domestic Refineries along the Gulf Coast exported more refined oil products than ever before. The Latin American markets have been the biggest purchasers recently of the refined products with China’s interest increasing. Although the American public has been told the reason for the approval of the project is American energy independence and lower fuel cost none of this will be accomplished by the Keystone Project. Selling the refined products on the World Market will not increase our energy independence because the product will only go to the highest bidder and adding the resource to the Global Marketplace will only have a minute impact on our Domestic Fuel and Energy prices.
It has also been stated that the Keystone Pipeline Project will create jobs at a time when they are most needed in our country. This is true but only limited to the labor jobs and construction material manufacturing jobs created during the construction period, but once the construction is over the jobs will be lost and nothing will be accomplished that will benefit this country for the long haul. The American Oil Industry has every reason to want this project approved but it is a “Sham” that will only benefit them, their shareholders, and bottom lines.
Reasons for the Cornerstone American Energy Project:
The Cornerstone American Energy Project is an “Independent Idea of Intelligence” that would have a positive effect on every level of this energy resource’s development, distribution, economic effect, use, American energy independence, National Security, and global environmental well being. An added benefit is that it would also aid the development and distribution of the incredible Natural Gas resource that has been discovered in the regional areas of Montana and the Dakotas.
The Cornerstone American Energy Project is a plan that invests in the expantion of existing and construction of new “state of the art” refineries in the Dakotas and Eastern Montana rather than a pipeline to the Gulf. This plan would benefit Americans in numerous ways well beyond temporary pipeline jobs and a minute reduction in global oil prices. Here is a list of the main benefits of the Cornerstone American Energy Project:
- True American independence from Foreign Oil by keeping our resources in this country. Let the oil refineries on the Gulf Coast refine the crude oil collected in the Gulf and sell it on the World Market once American needs are being met.
- It would create more jobs expanding existing and building more efficient “state of the art” refineries to refine both the Oil Sand crude and our tremendous Natural Gas resource than what construction of a pipeline would create. Most of the jobs would be long term for the function and maintenance the refineries.
- Additional short and long term jobs would be created by the construction and operation of a true domestic distribution network created for the long term distribution of the refined product.
- Tremendously lower the cost of energy in America by meeting this country’s needs before any surplus is sold globally. Fuel cost domestically could go down dollars a gallon instead of cents a gallon. With prices lowering this much Interstate Infrastructure taxes could be raised a few cents to reinvest in our deteriorating Interstates, highways, and bridges creating even more jobs without it being an economic burden.
- Stabilize domestic retail fuel prices by keeping them from jumping 30 or more cents a gallon every time a hurricane threatens the Gulf of Mexico. Also the effect on supply and wholesale price speculation due to the instability of foreign affairs in the Middle East would be dramatically lessened.
- Economically it would give our American companies an economic advantage by providing them with lower energy costs to help them compete globally.
- It would also help American companies by keeping the resource from countries competing against our domestic manufacturers and distributors.
- It would give us greater National Security by keeping the resources out of the vehicles and production facilities of countries that endanger our troops and want to jeopardize our National Security.
- Environmentally the Earth would suffer much reduced effects from this resource’s consumption in a country with higher Environmental Standards for the vehicles and production facilities using the refined oil and Natural Gas products. The possible effects of increased Global Warming from the unregulated use of the refined oil products in foreign countries can be dramatically reduced by using these products here in America.
Any two of the nine reasons listed above would justify the termination of the Keystone Pipeline Project in favor of the Cornerstone American Energy Project. The monetary investment needed for new refineries will be significant. The EPA could help lower the cost if needed by analyzing the requirements on such facilities to what is a reasonable improvement over the current operating refineries on the Gulf Coast. Also, subsidizing the construction of new refineries and a domestic distribution system for these resources makes more sense than the continued subsidizing of the current systems that are not bringing energy costs down nor creating American Energy Independence. In the face of such a dramatic difference in the benefits of the two projects why would we not terminate the Keystone Pipeline Project and put into place the Cornerstone American Energy Project.
For once we can do something that makes real sense on every level if we do not allow Lobbying Dollars to stand in the way. This is a true American Energy Independence, Economic, and National Security Program that the American public from every background, every political position, and every economic level will support. I believe they will even demand it once they become aware of it.
For more information please contact:
Tom Brawley
501-319-3900, or email tomb@gomyvrv.com
Keystone Pipeline Project
- The Keystone Pipeline Projects does not create American Energy Independence.
- It increases energy resource exportation without lowering domestic energy costs.
- It only creates short term pipeline construction jobs.
Cornerstone American Energy Project
- The Cornerstone American Energy Project creates real American Energy Independence.
- It significantly lowers Domestic Oil and Natural Gas prices in our country.
- It would create more short term and add long term jobs to the American Economy.
- It would stabilize energy costs in our country aiding our economy.
- By lowering energy cost it would create a boost to our economy by making our manufacturers more competitive in the Global Market.
- It would aid our American Manufacturers by keeping the resources out of the hands of foreign manufacturers working against us.
- It would improve our National Security by keeping the resources out of the hands of militaries and manufacturing facilities that threaten our National Security and troops.
- It would dramatically improve our Global Health by reducing the effects of the consumption of these resources by having them consumed here where Environmental Standards for vehicles and manufacturing facilities are stricter.
Please read this idea that could lead to lower energy cost and real energy independence.
The Keystone Pipeline Project vs. The Cornerstone American Energy Project
Reasons for the approval of the Keystone Pipeline Project:
It has been confirmed for me by my local Congressman Tim Griffin that the Keystone Pipeline Project has been proposed not to lower fuel or energy cost in America but to get the Crude Oil Resource to the Gulf Refineries so it can be refined and sold by them on the World Market. This past year Domestic Refineries along the Gulf Coast exported more refined oil products than ever before. The Latin American markets have been the biggest purchasers recently of the refined products with China’s interest increasing. Although the American public has been told the reason for the approval of the project is American energy independence and lower fuel cost none of this will be accomplished by the Keystone Project. Selling the refined products on the World Market will not increase our energy independence because the product will only go to the highest bidder and adding the resource to the Global Marketplace will only have a minute impact on our Domestic Fuel and Energy prices.
It has also been stated that the Keystone Pipeline Project will create jobs at a time when they are most needed in our country. This is true but only limited to the labor jobs and construction material manufacturing jobs created during the construction period, but once the construction is over the jobs will be lost and nothing will be accomplished that will benefit this country for the long haul. The American Oil Industry has every reason to want this project approved but it is a “Sham” that will only benefit them, their shareholders, and bottom lines.
Reasons for the Cornerstone American Energy Project:
The Cornerstone American Energy Project is an “Independent Idea of Intelligence” that would have a positive effect on every level of this energy resource’s development, distribution, economic effect, use, American energy independence, National Security, and global environmental well being. An added benefit is that it would also aid the development and distribution of the incredible Natural Gas resource that has been discovered in the regional areas of Montana and the Dakotas.
The Cornerstone American Energy Project is a plan that invests in the expantion of existing and construction of new “state of the art” refineries in the Dakotas and Eastern Montana rather than a pipeline to the Gulf. This plan would benefit Americans in numerous ways well beyond temporary pipeline jobs and a minute reduction in global oil prices. Here is a list of the main benefits of the Cornerstone American Energy Project:
- True American independence from Foreign Oil by keeping our resources in this country. Let the oil refineries on the Gulf Coast refine the crude oil collected in the Gulf and sell it on the World Market once American needs are being met.
- It would create more jobs expanding existing and building more efficient “state of the art” refineries to refine both the Oil Sand crude and our tremendous Natural Gas resource than what construction of a pipeline would create. Most of the jobs would be long term for the function and maintenance the refineries.
- Additional short and long term jobs would be created by the construction and operation of a true domestic distribution network created for the long term distribution of the refined product.
- Tremendously lower the cost of energy in America by meeting this country’s needs before any surplus is sold globally. Fuel cost domestically could go down dollars a gallon instead of cents a gallon. With prices lowering this much Interstate Infrastructure taxes could be raised a few cents to reinvest in our deteriorating Interstates, highways, and bridges creating even more jobs without it being an economic burden.
- Stabilize domestic retail fuel prices by keeping them from jumping 30 or more cents a gallon every time a hurricane threatens the Gulf of Mexico. Also the effect on supply and wholesale price speculation due to the instability of foreign affairs in the Middle East would be dramatically lessened.
- Economically it would give our American companies an economic advantage by providing them with lower energy costs to help them compete globally.
- It would also help American companies by keeping the resource from countries competing against our domestic manufacturers and distributors.
- It would give us greater National Security by keeping the resources out of the vehicles and production facilities of countries that endanger our troops and want to jeopardize our National Security.
- Environmentally the Earth would suffer much reduced effects from this resource’s consumption in a country with higher Environmental Standards for the vehicles and production facilities using the refined oil and Natural Gas products. The possible effects of increased Global Warming from the unregulated use of the refined oil products in foreign countries can be dramatically reduced by using these products here in America.
Any two of the nine reasons listed above would justify the termination of the Keystone Pipeline Project in favor of the Cornerstone American Energy Project. The monetary investment needed for new refineries will be significant. The EPA could help lower the cost if needed by analyzing the requirements on such facilities to what is a reasonable improvement over the current operating refineries on the Gulf Coast. Also, subsidizing the construction of new refineries and a domestic distribution system for these resources makes more sense than the continued subsidizing of the current systems that are not bringing energy costs down nor creating American Energy Independence. In the face of such a dramatic difference in the benefits of the two projects why would we not terminate the Keystone Pipeline Project and put into place the Cornerstone American Energy Project.
For once we can do something that makes real sense on every level if we do not allow Lobbying Dollars to stand in the way. This is a true American Energy Independence, Economic, and National Security Program that the American public from every background, every political position, and every economic level will support. I believe they will even demand it once they become aware of it.
For more information please contact:
Tom Brawley
501-319-3900, or email tomb@gomyvrv.com
Keystone Pipeline Project
- The Keystone Pipeline Projects does not create American Energy Independence.
- It increases energy resource exportation without lowering domestic energy costs.
- It only creates short term pipeline construction jobs.
Cornerstone American Energy Project
- The Cornerstone American Energy Project creates real American Energy Independence.
- It significantly lowers Domestic Oil and Natural Gas prices in our country.
- It would create more short term and add long term jobs to the American Economy.
- It would stabilize energy costs in our country aiding our economy.
- By lowering energy cost it would create a boost to our economy by making our manufacturers more competitive in the Global Market.
- It would aid our American Manufacturers by keeping the resources out of the hands of foreign manufacturers working against us.
- It would improve our National Security by keeping the resources out of the hands of militaries and manufacturing facilities that threaten our National Security and troops.
- It would dramatically improve our Global Health by reducing the effects of the consumption of these resources by having them consumed here where Environmental Standards for vehicles and manufacturing facilities are stricter.
The Keystone Pipeline Project vs. The Cornerstone American Energy Project
Reasons for the approval of the Keystone Pipeline Project:
It has been confirmed for me by my local Congressman Tim Griffin that the Keystone Pipeline Project has been proposed not to lower fuel or energy cost in America but to get the Crude Oil Resource to the Gulf Refineries so it can be refined and sold by them on the World Market. This past year Domestic Refineries along the Gulf Coast exported more refined oil products than ever before. The Latin American markets have been the biggest purchasers recently of the refined products with China’s interest increasing. Although the American public has been told the reason for the approval of the project is American energy independence and lower fuel cost none of this will be accomplished by the Keystone Project. Selling the refined products on the World Market will not increase our energy independence because the product will only go to the highest bidder and adding the resource to the Global Marketplace will only have a minute impact on our Domestic Fuel and Energy prices.
It has also been stated that the Keystone Pipeline Project will create jobs at a time when they are most needed in our country. This is true but only limited to the labor jobs and construction material manufacturing jobs created during the construction period, but once the construction is over the jobs will be lost and nothing will be accomplished that will benefit this country for the long haul. The American Oil Industry has every reason to want this project approved but it is a “Sham” that will only benefit them, their shareholders, and bottom lines.
Reasons for the Cornerstone American Energy Project:
The Cornerstone American Energy Project is an “Independent Idea of Intelligence” that would have a positive effect on every level of this energy resource’s development, distribution, economic effect, use, American energy independence, National Security, and global environmental well being. An added benefit is that it would also aid the development and distribution of the incredible Natural Gas resource that has been discovered in the regional areas of Montana and the Dakotas.
The Cornerstone American Energy Project is a plan that invests in the expantion of existing and construction of new “state of the art” refineries in the Dakotas and Eastern Montana rather than a pipeline to the Gulf. This plan would benefit Americans in numerous ways well beyond temporary pipeline jobs and a minute reduction in global oil prices. Here is a list of the main benefits of the Cornerstone American Energy Project:
- True American independence from Foreign Oil by keeping our resources in this country. Let the oil refineries on the Gulf Coast refine the crude oil collected in the Gulf and sell it on the World Market once American needs are being met.
- It would create more jobs expanding existing and building more efficient “state of the art” refineries to refine both the Oil Sand crude and our tremendous Natural Gas resource than what construction of a pipeline would create. Most of the jobs would be long term for the function and maintenance the refineries.
- Additional short and long term jobs would be created by the construction and operation of a true domestic distribution network created for the long term distribution of the refined product.
- Tremendously lower the cost of energy in America by meeting this country’s needs before any surplus is sold globally. Fuel cost domestically could go down dollars a gallon instead of cents a gallon. With prices lowering this much Interstate Infrastructure taxes could be raised a few cents to reinvest in our deteriorating Interstates, highways, and bridges creating even more jobs without it being an economic burden.
- Stabilize domestic retail fuel prices by keeping them from jumping 30 or more cents a gallon every time a hurricane threatens the Gulf of Mexico. Also the effect on supply and wholesale price speculation due to the instability of foreign affairs in the Middle East would be dramatically lessened.
- Economically it would give our American companies an economic advantage by providing them with lower energy costs to help them compete globally.
- It would also help American companies by keeping the resource from countries competing against our domestic manufacturers and distributors.
- It would give us greater National Security by keeping the resources out of the vehicles and production facilities of countries that endanger our troops and want to jeopardize our National Security.
- Environmentally the Earth would suffer much reduced effects from this resource’s consumption in a country with higher Environmental Standards for the vehicles and production facilities using the refined oil and Natural Gas products. The possible effects of increased Global Warming from the unregulated use of the refined oil products in foreign countries can be dramatically reduced by using these products here in America.
Any two of the nine reasons listed above would justify the termination of the Keystone Pipeline Project in favor of the Cornerstone American Energy Project. The monetary investment needed for new refineries will be significant. The EPA could help lower the cost if needed by analyzing the requirements on such facilities to what is a reasonable improvement over the current operating refineries on the Gulf Coast. Also, subsidizing the construction of new refineries and a domestic distribution system for these resources makes more sense than the continued subsidizing of the current systems that are not bringing energy costs down nor creating American Energy Independence. In the face of such a dramatic difference in the benefits of the two projects why would we not terminate the Keystone Pipeline Project and put into place the Cornerstone American Energy Project.
For once we can do something that makes real sense on every level if we do not allow Lobbying Dollars to stand in the way. This is a true American Energy Independence, Economic, and National Security Program that the American public from every background, every political position, and every economic level will support. I believe they will even demand it once they become aware of it.
Unless the oil is owned by the U.S. government, this plan won't work. See Steve Eldridge's post below.
Here are few links to make the point more clear:
"The reason for the higher prices is pretty basic: the Canadian oil is curretnly essentially stranded and was priced at an average discount to Brent crude of about $23.50/barrel in 2011. Moving Canadian oil to the Gulf Coast where prices are higher will not lower the price of Brent crude unless the new oil more than replaces the existing supply. The Gulf Coast imports around 5 million barrels/day and the Keystone XL pipeline and a couple of other pipelines proposed to move oil south from Cushing to the coast will transport less than 1.5 million barrels/day if and when all the current plans are realized.
Read more: Keystone XL Pipeline Likely to Raise Gasoline Prices (TRP, XOM, SU, CVE, MPC, HFC) - 24/7 Wall St. http://247wallst.com/2012/03/01/keystone-xl-pipeline-likely-to-raise-gasoline-prices-trp-xom-su-cve-mpc-hfc/#ixzz29apbHwt4
OR
http://bottomline.nbcnews.com/_news/2012/02/27/10519685-why-the-keystone-pipeline-would-boost-pump-prices?lite
SImple to understand - it doen't belong to the US and we are just another consumer in the global market.
Oil is fungible.
You will have to pardon the American People, who think 'fungible' is a form of athlete's foot.
See, many of them also believe that the earth is flat, and 6000 years old. And that oil is abiotic.
And, no, 'abiotic' is NOT something used to treat 'fungible.'
We don't have a nationalized industry for oil. US producers are free to sell on the global markets based on the quoted rate for sales in the global market - NYMEX.
It is critical for people to understand that drilling in the US does not translate to more supply in the domestic market only, because those additional supplies are now available to the global market. If demand is higher elsewhere and prices are higher then the supply will go to higher bidders.
Case in point is the tar sands oil of Canada. When we build a pipeline it is not to bring it to the US market, it is to bring it to the US depots for future sales. The oil belongs to Canada, not the US.
More than one analysis of this pipeline indicate HIGHER, not lower prices for the oil. It will not directly lower the prices but it will increase overall supply which could lower the costs if there is not higher demand. That's a big "if" and not likely to be sustainable for long.
Drill baby drill is not a strategy for lower domestic prices so long as the resources are then turned over the "free market" and not just for the domestic supply. I know of no politician who is willing to talk nationalizing the oil industry and that makes this belief a laughable strategy.
Reducing demand is the single best solution to higher gas prices, it is also the one that most people don't embrace. They like their big cars and cheap energy.
If we want to solve this problem we need to reduce our transportation uses of oil so that we will have supply for other more important uses in industrial applications like plastics and chemicals.
IrishPat7--
I really want to thank you. Your frequent posts actually have had a VERY positive effect on me. You post so many really strange things that you've made me into a MUCH better researcher. I rarely respond to you directly, since that is obviously pointless. But you do make me realize what logical, thinking Americans are up against. Propaganda always needs to be examined and discussed by the folks it targets. Makes us stronger in all ways.
You have done far more to rivet, in place my thoughts and ideals than any amount of just 'sitting in the choir' with my buds.
You have done a really good job of making me seek the truth...
.. and you don't have it.
Go Obama !
Americans have a very messed up understanding of socialism and capitalism. Increased drilling in the US means that private companies will have more oil to sell to the highest bidder. That means other countries, even China. The pipeline from Canada will get Canadian oil to international markets. Unless American companies and refineries are willing to pay the higher prices for oil from the oil sands, that oil will go overseas too. That's capitalism. So drill, baby, drill, and Beijing will thank you.
If you want Americans to benefit at the pump from increased drilling (and when I say benefit, I'm totally ignoring the fact that there will be increased spills and massive environmental damage over time, just like the gulf spill), you need to go with socialism. Under that system, there is common ownership of the means of production, and so there could be nationalized oil companies. It would mean that American oil would be sold in America, for prices that would make even a Hummer owner happy.
Just try selling the sensible, socialist approach. *sigh*
It's funny because Republican voters think they are advocating for socialism, whereas Republican lawmakers think they are advocating for an oil oligarchy in the US. Neither one is really true. It's mostly just making China wealthier and helping them supply their economy better than what we have here in the US.
Does nobody remember that, in the late summer-early fall of 2008, gas prices went over $4/gal? Just as we tipped off the cliff.
To be fair you could argue that at least some of the increase in gas prices are due directly to Obama Administration policies. In particular the economically crippling sanctions the Obama Administration has put into effect on Iran has caused blowback in the oil supply worldwide, although my understanding is nations like Iraq and Saudi Arabia are attempting to increase production to meet the new demand. Nethertheless these sanctions have lowered the overall amount of oil being shipped out. Now before someone says it no Iran itself doesn't ship so much oil out that such a nation being sanctioned should, under normal supply and demand rules, suffer a huge loss in the market. However the loss is primarily due to oil speculators who expect there to be lots and lots of trouble in the Strait of Hormuz as Iran pouts itself crazy over these sanctions.
Sadly the speculators wouldn't be that far off:
http://www.cnbc.com/id/49426899
So you could say that Obama's foreign policy has contributed somewhat to the higher price of gas. Now how much it has contributed I have no idea, but I do know that at least some of the increase we're seeing is due to the belief in future oil supplies dwindling. And oil speculators then adjust the price they believe oil should be sold at today on the basis of what they think will happen tomorrow. If turmoil increases in the Middle East then that means prices will go up by at least some amount.
Although granted that then leads us into the whole conversation about why we have oil speculators in the first place. But, I digress. The point here is to meet conservatives half way and point to at least one policy that is having an impact on gas prices that the Obama Administration could feasibly do something about. The only problem here is that 'doing something about' it would mean easing tension on Iran. And wouldn't that be betraying Israel?
When regan was in office we had gas shortages because he up set the oil companys in other countries,factories were closing millions lost jobs lines at the pumps were very long and the regan plans only helped the rich get richer,people lost pension that they worked a life time for than were told your out of luck know help for you take a min.wage,bush did the same thing and now Rommey wants the samething no thanks.