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The public understands Obama isn’t to blame for high gasoline prices, as recent polls make clear. Even the Wall Street Journal and Cato Institute agree: “It’ s not Obama’s fault that crude oil prices have increased.”
But as the NY Times pointed out Sunday, facts don’t stop the GOP:
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.”
The Times put together some great charts using EIA data. They make clear 1) oil prices are set on a global market and 2) the strategy of “Drill, Baby, Drill” adopted by the GOP and President Obama has succeeded at increasing production and decreasing dependency on foreign oil — but it has unsurprisingly failed at affecting global markets.
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.
Originally posted by OutKast Searcher
Great thread and explanation.
But you have to understand that the target audience you are trying to reach is not logical and doesn't care about facts. They have an irrational hate for Obama.
If anything, they will use this information to try to claim that Obama has raised the gas prices world wide. Honestly...I bet someone claims that somewhere in this thread.
That said, the democrats have blocked drilling for over a decade. In that time supplies and demand would have stabilized long before foreign demand would have soaked up supply as we have today.
Shallow water: To date, 117 new shallow water well permits have been issued since the implementation of new safety and environmental standards on June 8, 2010. Just 8 of these permits are currently pending; with 7 having been returned to the operator for more information.
Deepwater permits requiring subsea containment: Since an applicant first successfully demonstrated containment capabilities in mid-February 2011, we have approved 332 of these permits for 99 unique wells, with 26 permits pending, and 23 permits returned to the operator with requests for additional information, particularly information regarding containment.
Deepwater activities not requiring subsea containment: Since the implementation of new safety and environmental standards, 63 of these permits have been approved, with 1 permit pending, and 1 permit returned to the operator with requests for additional information. These activities include water injection wells and procedures using surface blowout preventers.
Originally posted by babybunnies
I'm gonna laugh if any of these GOP candidates get elected President and have to spin to the FOX NEWS faithful why gasoline prices are still increasing on their watch.