Gas Prices fall as Crude Oil Increases

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a6NQe8YC4OTYBloomberg.com: U.S.

Aug. 5 (Bloomberg) -- Crude oil fell to $118 a barrel on speculation Tropical Storm Edouard won't damage U.S. Gulf facilities and as slower U.S. economic growth limits the appeal of commodity investments.

Will Gas Come Down at the Pump?

The question you must ask is why did the price of crude oil drop? If you read the article above you will see that in the last four weeks crude oil supplies rose as if more oil was being pumped out of the ground but the article also said that fuel consumption was lower those four weeks. This proves if we increase the supply the price of oil will drop.

President Bush said in his radio address: "To reduce pressure on prices, we need to increase the supply of oil, especially oil produced here at home," It was the fourth time this week that he has called for Congress to end the drilling restrictions off the Atlantic and Pacific coasts and in the eastern Gulf of Mexico.

The Congressional Democrats don't want us to drill for more oil. They argue that the big oil companies already have large areas of federal land and offshore water where they can drill now. Now this is foolish.

Let's compare this to gold mining. If the gold miners want to look for more gold some where else and not keep on digging in the same hole, there is a reason. The gold is getting harder to get or they are slowly running out of gold. If there was gold, next to the mine on the same property, why would they want to go and mine some where else and maybe not find gold? The same with the oil companies they are in the business to produce oil.

Since our country's whole economic system is based on oil, it's almost imposable to replace it in 10 years or maybe even 50 years. You take the chance of killing our economy by reducing our oil and not first finding an abundant source of something else.

So the answer to the question: How do you get the gas prices, at the pump, to drop? Well it happened in the 1970's. Saudi Arabia, trying to gain back market share, increased production and caused downward pressure on prices, making high-cost oil production facilities less profitable or even unprofitable. The world price of oil, which had reached a peak in 1979 during the 1979 energy crisis, at more than $80 per barrel, decreased during the early 1980s to $38 per barrel.

So we must drill and we must drill now. Even though this oil will take time to reach the market, it will cause downward pressure on prices. So the price at the pump will drop.

Yes Democrats, we can drill ourselves out of this.

More on oil.
US Massive Oil Deposits Could be 10x Increase to Supply.
Five Nations Urge Oil Producers to Boost Output.

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Barack Obama's Energy Plan tried in 1973, Old School.

Political Radar: The Long & Short of Obama's Energy Plan

As part of Obama’s long term plan he calls for: A goal of having one million 150 miles-per-gallon plug in hybrids on the roads by 2015. A requirement that 10% of energy comes from renewable sources by the end of his first term, including extending the Production Tax credit for 5 years to encourage the production of renewable energy resources. A goal to reduce the demand for electricity by 15% by the end of the next decade by implementing energy efficient programs.

While admitting that his plan “sounds like a pie in the sky,” Obama told the crowd that the adoption of his proposal would produce renewable energy to replace all the oil imported from the Middle East in ten years.

Obama's 150 miles-per-gallon plug in.

Barack Obama mouthed off about John McCain has been in congress for twenty-six years and did little about dependence on foreign oil. Obama doesn't know his history, his “New Energy for America” plan was tried in 1973. I asked the question, where is that plan today?

Here is the 1973 Plan:

To help reduce consumption, in 1974 a national maximum speed limit of 55 mph (about 90 km/h) was imposed through the Emergency Highway Energy Conservation Act.

Year-round daylight saving time was implemented from January 6, 1974 to February 23, 1975. The move spawned significant criticism because it forced many children to commute to school before sunrise

A campaign by the Advertising Council using the tag line "Don't Be Fuelish." Many newspapers carried full-page advertisements that featured cut-outs which could be attached to light switches, reading "Last Out, Lights Out: Don't Be Fuelish."

The "Big Three" U.S. automakers' began a U.S. Department of Transportation mandated
downsizing of existing automobiles.The energy crisis led to greater interest in
renewable energy and spurred research in solar power and wind power. It also led to
greater pressure to exploit North American oil sources, and increased the West's
dependence on coal and nuclear power. This included increased interest in mass transit.

In the U.S., drivers of vehicles with license plates having an odd number as the last digit
(or a vanity license plate) were allowed to purchase gasoline for their cars only on
odd-numbered days of the month, while drivers of vehicles with even-numbered license
plates were allowed to purchase fuel only on even-numbered days.

Now with all of this plan in effect, is this what made the price of oil go down? No. Saudi
Arabia, trying to gain back market share, increased production and caused
downward pressure on prices, making high-cost oil production facilities less profitable or
even unprofitable.

So all the Democrats are wrong. Drilling for oil off our shores will increase production
and cause downward pressure on gas prices.
Barack Obama solution to high gas prices? Blow your tires.

Other articles on Barack Obama.
Obama Flip Flops on Offshore Drilling moves toward the Republican Party.
Polls show Obama Losing Older women Voters.

Technorati Tags: Obama, Oil Plan

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Obama Flip Flops on Offshore Drilling moves toward the Republican Party.

Obama Says Energy Compromise Is Necessary - washingtonpost.com

TITUSVILLE, Fla., Aug. 2 -- Sen. Barack Obama on Saturday said a shift in his stance on offshore oil drilling is a necessary compromise with Republicans to gain their support for his broader goals of energy independence.

On Friday, Obama indicated a willingness to support an effort by five
Democratic senators and five Republicans to break Congress's energy
impasse with legislation that would allow expanded offshore oil
exploration and embrace ambitious energy efficiency and efforts to
develop alternative fuels.

Off Shore Oil Rig

Barack Obama said that he must take a shift in his stance to get some Republicans on his side for the bigger picture on energy. I will have to give Obama credit on this one. He sees that he must compromise to get things done in congress. Obama sees that 73 percent of Americans favor offshore drilling.

But if Barack Obama becomes President he will have problems with the Queen Bee, Nancy Pelosi. Speaker Nancy Pelosi won't allow the House of Representatives to vote on the Republican bill to lift the drilling ban even though she said "I accept this gavel in the spirit of partnership, not partisanship, and I look forward to working with you, and the Republicans in Congress for the good of the American people."

Nancy Pelosi explained to Politico: "I'm trying to save the planet; I'm trying to save the planet."This cannot be permitted. Nancy Pelosi reminds me of the Queen in Alice in Wonderland. When her subject did not do what she wanted, she would yell, "Off with their heads."

I am proud of the Republicans as they continue with their guerilla tactics from last week, House Republicans will be back on the floor Monday to talk gas prices, even though Congress is in recess, and they may stay there all week.

To encourage the Republicans, remember the stand of Democrat Senator Jim Webb. Sen. Jim Webb, D-Virginia, opened and then immediately gaveled the
Senate session to a close. He spent 57 seconds in the chamber.

Senate Majority Leader Harry Reid, D-Nevada, announced December 19 that he would keep the Senate open with a series of "pro forma" sessions through mid-January. This was done to stop the President of the United States, George W Bush, from making any recess appointments.

With Democrat leaders in congress like, Nancy Pelosi and Harry Reid, we don't need Barack Obama to be President of the United States.

Other Obama post.
Polls Show Obama Losing Older Woman Voters
German Governmant Promotes Obama over McCain with Speech.

Technorati Tags: Barack Obama, Offshore drilling

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Polls Show Obama Losing Older Women Voters

OBAMA’S WOMEN PROBLEM at DickMorris.com

If soccer moms determined the outcome of the 1996 presidential race and security moms tipped the balance in 2004, it is beginning to look as if older moms are the key to the 2008 contest. Obama has a problem among women over 40 and a big problem among women over 50. These groups, normally the staunchest of Democratic supporters, are showing a propensity to back McCain and a disinclination to support Obama.

Older Women Voters.

It seems that Barack Obama is having a problem connecting with older women. What is the problem? The polls don't tell us the race of these women, so it must be women of all races. First you know that all of the older black women will vote for Obama, I don't blame them, they are proud. Since the majority of older women are white, you could come up with the conclusion that maybe they are prejudice. But men are voting the way they usually do. So if it was prejudice this would be the group you would see it in.

I think Barack Obama's problem with older women stems from his run against Hillary Clinton. Approximately 10 percent of Hillary Clinton voters in the primary season now belong to the "Just Say No" coalition, a collection of groups devoted to keeping Barack Obama out of the presidency. Is this group of women at "Just say no" of any importance? Will Bower, co-founder of PUMA/Just Say No Deal, an exploding coalition of voters who say they have raised $10 million in just days to pay down Clinton's campaign debt. This is serious.

Now more than two million, based on donation and other records, are
determined to protest the nominating process and push for an open
convention in Denver this August. Is this the reason "Barack Obama wants to give his acceptance speech in a stadium because he intends to minimize any pro-Hillary supporter dissent?

Women were created to nurture and always willing to help those in need. In their eyes, they see a man (Obama) taking advantage of a women (Hillary) and they are coming to her defense. Older women are always for the underdog.

Barack Obama has a big problem. He must bring these older women back into his fold and we know Hillary Clinton will not be VP. Hillary Clinton is schedule to speek on the third day of the convention, after the Democrat Vice President nonminee.

I think Dick Morris is right, older moms are the key to the 2008 contest.

Other Obama Post.

German Government Promotes Obama over McCain with Speech

Obama Citizen, Leader of the World

Technorati Tags: Obama, Clinton

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