uhhh.. Just exactly what did he say....? Steven Chu U.S. Secretary of Energy on Gas Prices.

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S. Lindsey
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Steven Chu, the U.S. Secretary of Energy. “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,”

Some criticize the President for having no Energy Policy. I firmly disagree. I think he has a policy and it is well into effect and going strong.

President Obama's dream for this Country for Green Energy may be laudable and even I will give him kudos for wanting it. However, those dreams
are quickly turning into a nightmare for Millions of Americans that have to commute everyday to earn a living.

President Obama backed the wrong Horse and has cost us over $24 Billion dollars in his "Clean-tech" loan program so far and is expected to lose
even more in the following years.

Another issue is Ken Salazar's moratorium on new Uranium mines for the next 20 years, a source of power for advanced Nuclear Power generation plants. At every turn this administration
is either hobbling the Oil market or frustrating private investors attempts to invest in alternative energy.

So what can the President do? Well for one thing make better decisions about energy and the future of this Country. Another is change the rhetoric he and his Cabinet issues almost daily.
Such a change would help correct the futures market.

"Last week saw more than 350,000 gasoline contracts were opened (each contract represents 1,000 barrels of oil) as hedge funds and commodity investors placed heavy bets that the price at the pump will continue climbing. Traders bet $10 billion more that prices would increase, than that they would fall, which represents the third-largest skew of all time", according to Tom Kloza, president of Oil Price Information Service, as quoted by John Schoen of MSNBC.

One sure fire way to drive down the cost of oil would be catch the speculators betting on higher prices, when the real world price drops.This would force them to sell their over-bid oil on the open market and thus reduce the end cost to the consumer.

All this of course assumes he actually wanted to drop the price of gas for Americans. We must all remember what he said...

"Jun 10, 2009 ... "Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket," Obama told the Chronicle "

President Obama has no such plans to lower cost. He needs cost to go higher. The only way his dream of "Green" Fuels can be priced competitively is for Petroleum fuels to skyrocket.

So does President Obama have an Energy plan. Well yes he does and the current prices reflect that the plan is working very well indeed.

S. Lindsey
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President Obama's Energy Policy

Once again the President's energy policy affects the rest of us..

Senate sends message to Obama on Keystone

http://www.politico.com/news/stories/0312/73795.html

"Thursday’s squeaker of a Senate vote on the Keystone XL pipeline serves both as a warning to President Barack Obama that a majority of both houses of Congress supports the pipeline and as encouragement to Republicans to keep pushing the issue.
Obama had personally lobbied Senate Democrats with phone calls urging them to oppose an amendment to the highway bill that would fast-track the Canada-to-Texas oil pipeline. And as it turned out, he needed every bit of their help.

In all, 11 Democrats joined 45 Republicans to support the pipeline. Only the fact that 60 votes were needed for passage saved the White House from an embarrassing defeat."

Even though most of America wants it.. and even a Bi-Partisan group of Senators want it.. Obama brought out the knee-cappers, arm twisters and bribes and got just enough Democrats to still vote no.

So just when will the President start working for the rest of us?

Joe Kawfi
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Lindsey
Quote:

So just when will the President start working for the rest of us?.

Obama will only "work" with you if you worked on funneling money to his campaign. I'm sure Bill Mahr will be getting his ambassadorship any day now.

Obama gives administration jobs to some big fundraisers

Obama campaigned on what he called “the most sweeping ethics reform in history” and has frequently criticized the role of money in politics.

More than half of Obama’s 47 biggest fundraisers, those who collected at least $500,000 for his campaign, have been given administration jobs. Nine more have been appointed to presidential boards and committees.

Obama has appointed 59 ambassadors who were not career Foreign Service officers, and of those, 40 percent were bundlers.

Obama hired bundler Steve Spinner as a liaison in the Energy Department. According to internal e-mails turned over in a congressional investigation, Spinner pressed for staff members to finalize a government loan for Solyndra, the now-shuttered solar company in which another campaign bundler was a major investor. Spinner, according to the Obama administration, did not make any decisions affecting Solyndra.

So much for "hope and change". This "president" doles out taxpayer money only to those that help him. Obama is nothing but a miserable little dictator.

S. Lindsey
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Joe too true....

Maybe I can come up with a Million or so and get some face time.

S. Lindsey
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Has Domestic Oil production really gone up?

Well the answer is yes and no. Oil production on private lands have gone up.

However the real story is what is the President doing for us as it turns out not all that much.

In the last 3 1/2 years under this administration:

1. Oil Leases on Federal Lands are down 44%

2. Permits and New Drilling down 39%

3. Deep water drilling permits 3 year low down 57%

4. AK drilling permits-Denied again... Could produce 27 Billion Barrels of oil.

So exactly what has President Obama or his policies done to ease gas prices... Nothing. In fact his policies specifically his Stealth Energy Policy has made gas prices higher.
This of course is his intent... After all the Government now picks winners and losers in the "Free" Market and Obama has picked "Green" Energy as the winner... at any cost.

YourGoodPalMike
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What are you going to do about it?

If you think oil prices rest on the presidency, then you'll never be able to help solve the problem. Gas was cheap when Bush came into office, got expensive, was cheap again, and now is back up under Obama.

The president isn't controlling gas prices and doesn't have much ability to make major changes.

This truly is a case of supply and demand.

The USA has 5% of the world's population, yet we consume more than 25% of the world's energy.

We simply do not have enough oil and uranium to provide our own energy. We do have a lot of coal, but not a lot of oil.

Tar sands, shale, etc. are viable, but only when oil costs are high. If oil and gas come down in price then nobody will be able to make a profit processing oil from sand.

Friends, learn to adjust. If you really think gasoline is going to go to $2.50 a gallon again (at least longer than for a few months) you're in denial.

Gasoline is a deal at $4.00 a gallon, is a deal at $5.00 a gallon, and is fair at $6.00 a gallon.

You actually can do something about it: drive a smaller car, live closer to work, carpool, etc.

We can approve all the domestic drilling and pipelines we want (and probably should, but with strict environmental and safety regulations), but it's not going to make a huge difference.

Think about it: Gas is still cheaper than milk.

S. Lindsey
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Mike you are incorrect

You have bought into the "Progressive" lie that we don't have any oil/Energy lefts so we have to bend over and take it for "Green" Energy.

The Bakken formation, Alaskan reserves and not to mention the find, accidently mind you, of the major Natural gas dome in the Gulf, any of which has been estimated to be able to supply the US needs for at least a hundred years.

Gas Prices are directly tied to the price of oil... Now I know the usual arguments are as follows:

Even if we drill now it will be 10 years before we see a drop of oil...

Even if that was correct and it's not.. If we had of started 10 years ago we would see that oil now wouldn't we?

Oil is a World Commodity and no amount of drilling will affect the cost

Oil prices are set on speculation. Two factors effect this. One is the World supply..How secure is it..How much of it will be produced.
1. World production has fallen. Not because oil fields are becoming "dry" solely but also production facilities are maxed out. Country's like Venezuela have Nationalized their Oil Production and the predictable results were inevitable. Their production is at or around 50% of past capacity and is still falling.

2. World Oil prices depends on a secure source of energy. Unfortunately much of World oil production resides in Dictatorships and/or Islamic regimes. These regimes are dependently undependable. Every time Iran rattles their sabers speculation increases. Thus oil per barrel prices rise on the expectation that oil production may be decreased or hindered.

The other factor that affects cost of oil is the US Dollar...
1. Monetizing the Debt-Oil is purchased with the dollar Worldwide. Inflating the Money supply causes a decrease in the "value" or buying power of the dollar. The lower devalued dollar means it takes more of them to purchase a barrel of oil.

Mike-We have the energy reserves here within our territorial boundaries to supply a reliable source of energy for a minimum of 50 years.

I will site you one example of what happens when the American people and the Government both decide to do something about oil prices.

Remember the 70's? During the Carter administration OPEC threatened an oil embargo. Also at the same time environmentalist and the Carter administration where claiming we were at peak oil and no more would be found or produced.

The predictable results were high gas prices and gas shortages. Our economy suffered greatly and was one of the defining factors that made the Carter administration to be considered by many as a failed Government.

However, Public sentiment turned against the administration and forced them to reconsider their position on domestic drilling. Once OPEC saw we were determined to use our own resources the price of oil dropped overnight and the gas shortages ceased almost immediately.

You see Mike IF the American people and it's Government worked together to develop the resources we have it would stabilize the market, force speculation into a more neutral zone.

So can the President do something about Gas Prices.. Well yes he can. He can promote the growth of domestic drilling AND stop the rhetoric that is causing the speculators to run wild.

The History of OPEC.. are they working with us or against us and do we really want to remain dependent on Countries and entities that "hate" us?

http://cnre.vt.edu/lsg/intro/oil.pdf

S. Lindsey
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More evidence that Obama's Energy Plan is working...

The easiest way to see if an administration has a favorable Energy Policy is to look at the permits issued or not issued.

3 Years ago:
7 Deep Water permits where issued on average PER MONTH

Today
2 Deep Water permits issued on average PER MONTH

3 Years ago:
15 Shallow Water permits where issued on average PER MONTH

Today
2 Shallow Water permits issued on average PER MONTH

3 Years ago:
On average it took 60 days to approve a new permit

Today
On average it now takes 105 days to approve a new permit

The Obama Apologist are all out saying that the President can not lower the cost of gasoline at the pump. In a sense they are correct even though then candidate Obama charged then President Bush's Policies affected the price, but then I tend to agree with most of what Obama says and disagree with most of what he does.

So can the President lower the cost of gas at the pump... Well yes and no.

Yes, the President can take actions that helps ease speculators actions and take steps that increase domestic oil, as well as, take steps like reduce or remove the Federal taxes on Gas.

No, not if the President's goal is to increase the price of gas so that his "Green" Energy program is on a more competitive level with Petroleum.

Joe Kawfi
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Barack Obama and the negative decrease of gas prices since 2008.

Watch the video, and you will see what a lying, sniveling, hypocritical crook Obama is.

So. Back in 2007, Barack Obama promised to do something about these $3.50/gallon gas prices, and apparently he did: we’re now at $3.80/gallon gas prices. And notice how the trend lines are going? The price goes up a bit, goes down a bit, but generally ratchets up over time. It takes a full-fledged fiscal crisis to knock down demand to the point where prices significantly drop… and even that didn’t take. All of which means that the price is probably going to go up in the near future, too. Call it… a Democrat tax. No, better: an Obamatax. We seem to have spawned a lot of these unnecessary brakes on the economy, lately.

Barack Obama and the negative decrease of gas prices since 2008.

Cyclist
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Hey S. Lindsey

There's a plan; really?

BTW, hello from "left" coast.

S. Lindsey
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Hey Cy.. Oh yes he has one...

He said it himself the cost of energy would... SKYROCKET..

He wasn't lying this time.. He really meant it.

I find it absolutely the height of hilarity that the very same politicians that just four years ago blamed Bush for the price of gas are now getting back in front of any camera they can find and saying Obama is not responsible for high gas prices.

I heard a Japanese couple was shocked yesterday at the Capital when Harry Reid jumped in front of them while they were filming their vacation and proclaimed that the cost of gas was Bush's fault.

S. Lindsey
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Obama Math

“Because of these new standards for cars, and trucks they’re going to go further and use less fuel every year, and that means pretty soon you’ll be able to fill up your car every two weeks instead of every week, and over time that saves you or a typical family, about $8,000 a year.”

The typical family uses just over 1000 gallon of gasoline per year and spends approximately $3000 in fuel cost, not $16,000 Obama thinks we do.

...and Bush was the dumb one.

Joe Kawfi
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Obama the imbecile

In some lame attempt to denigrate a former president that is no longer alive in order to make a point, Obama flat out lies (again) to the American people. Obama isn't fit to be a garbage collector, much less lead the country.

Obama is not a man. He's the village idiot and an total embarassment to this great country.

Obama’s Hayes Slur

"One of my predecessors, President Rutherford B. Hayes, reportedly said about the telephone: 'It’s a great invention but who would ever want to use one?'" Obama said. "That's why he's not on Mt. Rushmore."

Hayes was not only the first president to have a telephone in the White House, but he was also the first to use the typewriter, and he had Thomas Edison come to the White House to demonstrate the phonograph. "So I think he was pretty much cutting edge," Card insisted, "maybe just the opposite of what President Obama had to say there."

Baraka Obama is not fit to shine President Haye's shoes. What a sorry POS

S. Lindsey
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Obama's 2% fact or fiction

"The US has only 2% of the world’s oil reserves we can't drill our way out of this." Obama

Well once again Obama's math is just a little fuzzy...

That 2% figure he likes to site is the 22.3 Billion barrels of oil that are proven reserves. The EIA report clearly states this is a small subset of recoverable resources, because they only count oil that companies are currently drilling for in existing fields.

When you include oil shale we have approx 1.4 TRILLION barrels of recoverable oil or enough to meet all U.S. oil needs for about the next 200 years, without any imports.

So just where did Obama learn math anyway?

http://news.investors.com/article/604303/201203141303/oil-abundant-in-th...

S. Lindsey
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Obama: “Don’t Tell Me We’re Not Drilling”

“Don’t tell me we’re not drilling! We’re drilling all over the country!” – President Obama, today.

The Institute for Energy Research: “Oil leases, permits and wells on federal lands (where the President’s policies have the most control were down 44%, 39% and 39% (respectively) in 2009 – 2010 as compared to 2007 – 2008.”

The NYTimes’ “Greenwire” blog: “Oil production on federal lands fell by 100 million barrels in 2011 from 2010...Production of natural gas on public lands and waters in fiscal 2011 dropped 11 percent from the previous year, according to Interior Department data. Oil production dipped nearly 14 percent...

And from the Natural Truth: Yes it’s true that overall oil production is up under Obama, but thanks almost entirely to energy development on private property in places like North Dakota. While private energy development is surging, the White House has taken public onshore production from 2,416 new leases in 2008 down to 1,308 in 2010.

And, according to the House Natural Resources Committee, Obama’s own budget calls for revenue from energy leases to fall by 72 percent before he’s through.

I am still waiting for the usual Obama apologist to come out and say I am wrong... cue the crickets..........

Is Obama telling the truth???

Not even close.

http://naturalresources.house.gov/Issues/Issue/?IssueID=15410

S. Lindsey
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Obama needs an Intervention - hooked on Gambling

Obviously our President has an addiction he is hooked on Gambling. He was out yesterday jonesing for the big roll.

Like a typical addict he keeps putting down the cash after one bad roll after another but he just can't stop.

Once again he doubles down on Solar, Wind and Geothermal in what he calls an "All of the above" strategy that includes everything but Petroleum.
Even though one failed gamble after another keeps dogging his bets. The very plant he was at yesterday only had 10 employees even though they have received MILLIONS in subsidies from the Government.

The one big problem in this intervention. They usually never work until the person goes flat broke and wants to recover.

Obama is using our money. As long as he is President he will keep using our dollars trying to hit that one big score.

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