Bush and oil companies

TakuanSoho · #**111** (**permalink**) 05-09-2008, 01:47 PM

Quote:

Originally Posted by Commissioner

Interestingly, adjusted for inflation, believe it or not there have been numerous times in the past where the pump price was much higher than it is today.

That was true until pretty recently, we are higher now than in the past. Still, it just goes to show that the 80's and 90's were artificially low.

Inflation adjusted Gasoline Price Chart

Commissioner · #**112** (**permalink**) 05-09-2008, 01:49 PM

Quote:

Originally Posted by areyoushittin'me?

You're quibbling over 6 cents?

Perhaps if you provide the documentation to support your claim we can come to terms.

Either way, it appears you were wrong unless you can totally discredit the source I found.

No, like I said, I'll go with your chart, it's pretty close to the ones I saw. Unless you're talking some left-wing whacko blogger, those numbers are pretty hard to fudge.

Again, according to your own chart, it would seem I wasn't wrong. LOL

areyoushittin'me? · #**113** (**permalink**) 05-09-2008, 02:01 PM

Quote:

Originally Posted by Commissioner

I found where the chart came from, and I don't have any problem with the source.

Still, not sure what your point is. As soon as the democrats took over the prices started going up. Again according to your own chart gas was around $2.20/gallon when Democrats took over Congress. It would appear that the increase since then has been around 85-90%.

Being honest, though, it ain't all the democrats fault. There's plenty of blame to go around. But this thread was about Bush and the oil companies, and there's no proof of any kind of conspiracy. In reality it's just as easy to link the price increases to the democrats taking over Congress as some diabolical conspiracy. In the end, the increase in oil prices has more to do with the value of the dollar as it does anything. Demand in China and India ain't helping much either.

Interestingly, adjusted for inflation, believe it or not there have been numerous times in the past where the pump price was much higher than it is today.

My point was in response to your statement:

Originally Posted by Commissioner
Actually, most of the increase occurred since the democrats took over the legislature. For the first six years of the Bush Administration prices were remarkably stable. But hey, why let facts stand in the way of a good Bush bashing.

Obviously, for the first six years of the Bush Administration prices were NOT remarkably stable...that is a FACT.

Personally, I'm an equal opportunity basher and don't much care for either the Damnocraps or the Republicons.

"In the end, the increase in oil prices has more to do with the value of the dollar as it does anything."

True 'nuff.

areyoushittin'me? · #**114** (**permalink**) 05-09-2008, 02:04 PM

Quote:

Originally Posted by Commissioner

No, like I said, I'll go with your chart, it's pretty close to the ones I saw. Unless you're talking some left-wing whacko blogger, those numbers are pretty hard to fudge.

Personally, I don't give much credence to whacko's from either extreme.

Quote:

Originally Posted by Commissioner

Again, according to your own chart, it would seem I wasn't wrong. LOL

areyoushittin'me? Are you looking at the original chart that goes back 6 years?

Prices were not stable!!!

kgpoolerev · #**115** (**permalink**) 05-09-2008, 04:31 PM

Quote:

Originally Posted by Commissioner

I found where the chart came from, and I don't have any problem with the source.

Still, not sure what your point is. As soon as the democrats took over the prices started going up. Again according to your own chart gas was around $2.20/gallon when Democrats took over Congress. It would appear that the increase since then has been around 85-90%.

Being honest, though, it ain't all the democrats fault. There's plenty of blame to go around. But this thread was about Bush and the oil companies, and there's no proof of any kind of conspiracy. In reality it's just as easy to link the price increases to the democrats taking over Congress as some diabolical conspiracy. In the end, the increase in oil prices has more to do with the value of the dollar as it does anything. Demand in China and India ain't helping much either.

Interestingly, adjusted for inflation, believe it or not there have been numerous times in the past where the pump price was much higher than it is today.

Very true, but housing now eats a lot higher percent of the home owners, budget, as do taxes. There are new expenses such as cell phones, cable tv and internet services as well. So there is less money left over for gasoline and instead of cutting back on the size of the house or cut back on luxury services enjoyed even by people in poverty we want lower gasoline prices. We have grown used to the cheap gas allowing even people in poverty to have cable, internet, game stations, and other luxuries.

Jetblast · #**116** (**permalink**) 05-09-2008, 04:58 PM

Look at Commissioner use the lowest point on the chart when, twice, the line peaked around $3 under Bush. If you look at the chart the majority of price rises happened under Bush with two wild peaks and drops. This was after the Iraq invasion. This could hardy be described as "stable".

Commissioner · #**117** (**permalink**) 05-09-2008, 05:16 PM

Quote:

Originally Posted by Jetblast

Look at Commissioner use the lowest point on the chart when, twice, the line peaked around $3 under Bush. If you look at the chart the majority of price rises happened under Bush with two wild peaks and drops. This was after the Iraq invasion. This could hardy be described as "stable".

The increase in pump prices has nothing to do with the value of the dollar. Soaring demand from places like China and India likewise have nothing to do with the recent increases. And the price of gasoline has clearly stabilized under the leadership of Pelosi's Congress. That leaves a conspiracy between Bush and the oil companies.

The only thing I can't figure out is if the federal government makes twice as much on a gallon of gas than the oil companies (8 cents in profits vs. 18 cents per gallon in taxes) then who is the biggest "gouger"?

kgpoolerev · #**118** (**permalink**) 05-09-2008, 08:06 PM

Quote:

Originally Posted by Commissioner

The increase in pump prices has nothing to do with the value of the dollar. Soaring demand from places like China and India likewise have nothing to do with the recent increases. And the price of gasoline has clearly stabilized under the leadership of Pelosi's Congress. That leaves a conspiracy between Bush and the oil companies.

The only thing I can't figure out is if the federal government makes twice as much on a gallon of gas than the oil companies (8 cents in profits vs. 18 cents per gallon in taxes) then who is the biggest "gouger"?

The blind hatred of Bush is the root of stupidity. Supply and demand is beyond the Democrats this year. Their only goal is to see Bush is not reelected for a 3rd term.

A. Crowley · #**119** (**permalink**) 05-09-2008, 08:08 PM

"The blind hatred of Bush is the root of stupidity. Supply and demand is beyond the Democrats this year. Their only goal is to see Bush is not reelected for a 3rd term."

------Cletus

A. Crowley · #**120** (**permalink**) 05-09-2008, 08:10 PM

Put that bottle down, Fool!

Yer beginning to sluuuuuuuurrrr.....