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When Bush took office gas was 1.46 a gallon

Discussion in 'Business & Economics' started by Popeye, May 29, 2008.

  1. Popeye

    Popeye Active Member

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    Hard to believe, but when Bush took office on Jan. 20, 2001, the national average gas price was $1.46 per gallon. I know right now in the state of Wa. the average price for a gallon of gas is just over $4.00. In fact I paid $4.07 this morning.

    Now the question is, what accounts for this historic rise in gas prices under Bush? Is it the war in Iraq? The Bush Administration's cozy relationship with the oil companies? Pure incompetence from the Administration when it comes to economic policy? A combination of all three, or maybe something I've failed to mention? Regardless, numbers don't lie, and we just can't afford 4 more years of Bush policies, something we will get from John McCain.

    http://www.gasbuddy.com/gb_gastemperaturemap.aspx
     
  2. SW85

    SW85 New Member

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    (A) Increased demand caused by worldwide economic growth.

    (B) Reduced supply caused by our persistent failure to get with the program on domestic oil production / alternative energy (excluding useless, inefficient, and absurdly expensive ethanol subsidies) while foreign madmen strangle the supply.
     
  3. Bunz

    Bunz New Member

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    C) A volatile futures market where middle eastern security issues drive the price up

    D) A weakened dollar due to rampant defecit spending my the Bush Administration driving the value of the dollar down.

    E) Not maximizing Iraqi oil due to sabotage concerns despite the half a trillion dollars, and thousands of casualties

    One cant place the blame squarely on one thing, it certainly is a combination of factors.
     
  4. Libsmasher

    Libsmasher New Member

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    The other cause of course is that much of the supply is controlled by a cartel, which sets the world price.

    Trying to blame ANY of the above on Bush represents breathtaking stupidity. :D
     
  5. Bunz

    Bunz New Member

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    Oh the cartel of course.
    You mean the ones we consider our allies like the Saudis? The ones who Bush holds hands and kisses in public? The same ones where 15 of thier citizens destroyed American landmarks and killed 3,000 innocent citizens in the process?
    The ones we were willing to appease by trading arms for hostages, the Iraniains?

    Or how about those Republicans who had the votes to open ANWR in 2002-2005 but didnt bother with the political fight because we are supposed to be using Iraqi oil money to pay for our war?

    Libs, you cant have it both ways.
     
  6. Libsmasher

    Libsmasher New Member

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    Yeah, those are the ones - the ones who just refused to raise supply after a personal visit by Bush.
     
  7. Bunz

    Bunz New Member

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    You always seem to be a champion of the free market and dont mind when American companies pull in huge profits, but now its not alright?
     
  8. Libsmasher

    Libsmasher New Member

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    State cartels are certainly not a "free market". If you read economic history, you'll see that cartels are set up WITH THE COLLUSION OF GOVERNMENT - just as the oil cartel was, and government interference is the opposite of free markets.
     
  9. Bunz

    Bunz New Member

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    Wait a minute here. The countries of OPEC own thier respective oil. They can produce as much or as little for trade on the open market as they choose. It still goes on the open market. It is still required to be traded in USD except for Iran. The high price still comes from a volatile futures market because the middle east is very fragile with our presense in Iraq, and our saber rattling with Iran. Defecit spending=inflation=weak dollar=higher price.
     
  10. The Scotsman

    The Scotsman Well-Known Member

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    Guess what OPEC stands for?










    oil price exploitation club
     
  11. ilikeboobs

    ilikeboobs Member

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    Up your butt, Jobu.
    Just a conspiracy theory to throw out there for the hell of it:

    Could gas prices be jumping oh-so-high because of the global warming propaganda?

    Hmm...
     
  12. Here We Go

    Here We Go New Member

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    I've been thinkin' the same thing. It's getting to the point that all politicians and commentators should be hooked up to a lie detector for us to view while they are telling us stuff.
     
  13. ilikeboobs

    ilikeboobs Member

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    Up your butt, Jobu.

    It just seems a bit odd to me that since global warming propaganda has been pushed into ovedrive the past 3-4 years, oil prices have likewise gone up at incredible rates.

    Still...gas is cheaper by volume than, say, beer or whiskey. Good thing our cars don't run on booze.

    :rolleyes:
     
  14. Popeye

    Popeye Active Member

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    Sure it's all the fault of the AGW crowd, any BS theory just to avoid placing any of the blame where it belongs....the Bush Administration.

    In sharp contrast to Bush, during the Clinton years gas prices went up only slightly. When Clinton took office on Jan. 20, 1993, the national average gas price was $1.06 per gallon, increasing to the aforementioned $1.46 when the pathetic Mr. Bush took over the reins.
     
  15. Libsmasher

    Libsmasher New Member

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    1. Most of the OPEC countries have dictatorships - the people controlling the oil are not the legitimate owners, nor authentic spokesmen for their respective countries.

    2. Even putting 1 above aside, that multiple entities "own" their respective resources doesn't make a cartel any less illegal in most countries, including the US - why is it sanctioned on a much larger international scale, where it is capable of vastly more theft, vastly more harm?
     
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