Predictable. Pelosi in 2008: Bush to Blame for High Gas Prices… Pelosi in 2112: Wall Street to Blame for High Gas Prices
Posted by Jim Hoft on Friday, February 24, 2012, 7:21 PM
House Minority Leader Pelosi is predictable as a trillion dollar Obama deficit.
Jammie Wearing Fool discovered this on the former failed Speaker’s blame game on gas prices.
Pelosi in 2008:
Prices at the pump are a pain for all of us, but Speaker Pelosi is accusing President Bush of policies that have driven up the prices, and says she has a solution to bring prices down immediately,
“Mr. President, do not fill the strategic petroleum reserve with oil at record highs. Instead, take out the oil that we brought at a lower price to bring down the price of oil, to reduce the price at the pump,” says Speaker Pelosi.
And, here’s Pelosi in 2012:
“Wall Street profiteering, not oil shortages, is the cause of the price spike,” Pelosi said in a statement.
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MrGoodWench commented:
“Wall Street profiteering, not oil shortages, is the cause of the price spike,” Pelosi said in a statement.
====
So lemme guess,
according to strechy-face,
Wall Street is paying gobs and gobs of money to …..Bush
Marmo commented:
So, Obama says drilling for more oil won’t bring down the price of gas, but Pelosi back then, and some of Obama’s advisors now, say to release oil from our strategic reserves to bring down the price of gas. That must really be some magical oil in our reserves if adding more of it to the market will bring down the price of gas, but adding more oil to the market from drilling won’t affect gas prices at all.
We learn something new every day with the Pond Scum President, don’t we?
Steve commented:
Her weekly Bo-tox injections will cost less than a gallon of petro with Barry & his energy policy leading the way.
bg commented:
++
Top Recipient of Political Cash from BP, Goldman Sachs, Defense
Contractors AND Healthcare Giants: Barack Obama May 5, 2010
==
MrGoodWench commented:
Marmo commented:
That must really be some magical oil in our reserves if adding more of it to the market will bring down the price of gas, but adding more oil to the market from drilling won’t affect gas prices at all.
We learn something new every day with the Pond Scum President, don’t we?
+++++++++
What I ‘m still trying to wrap my mind around is this :
What will we do when the oil in our strategic reserves is consumed and there is no more left ? Once those reserves are used up , what then ?
How will these royal @$$es and their entourages in DC move around ?
Remco Kimber commented:
Hey, I just aged 100 years with a keystroke,
Change 2112 to 2012,
Remco Kimber commented:
Pelosi is just so emblematic of Democrats.
It’s always someone else’s fault.
The problem of course is TOO MUCH GOVERNMENT. Stop interfering with us.
Pelosi et alia Democrats and the Democratic Party is THE CAUSE (principally) to too much government.
Steve commented:
THANKS FOR POSTING THIS GP!
We’ve been all over this as well on Common Cents…
http://www.commoncts.blogspot.com
bg commented:
++
June 16, 2010
Some Lawmakers Shed BP and Transocean Holdings
[According to a report from the nonprofit organization, aides to Representative Carolyn B. Maloney, Democrat of New York, and Senators John Kerry, Democrat of Massachusetts, Christopher S. Bond, Republican of Missouri, and Judd Gregg, Republican of New Hampshire, indicated that the lawmakers had sold their shares in either BP or Transocean. Each of the four had listed owning at least $1,000 of stock in either one or both of the companies linked to the oil spill in the Gulf of Mexico on their financial disclosure reports covering 2008.]
June 17, 2010
Harkin among politicians who own stock in BP
[At least 20 U.S. Senators and Representatives have reported owning stock in BP or Transocean - the two companies largely to blame for the massive oil spill in the Gulf of Mexico. Among them is U.S. Sen. Tom Harkin, a Democrat from Iowa.]
Crony Capitalism
[The largest banks are actually bigger than they were when he took
office. And earned more in the first two-and-a-half years of his term
than they did during the entire eight years of the Bush administration.]
[Democrats beat the market by 73 basis points per month, compared
to 18 for Republicans. That’s a rout anyway you look at it. Senators
fare even better than house members.]
mini related flashback, missing link..
==
8 My Foot commented:
2112?
bg commented:
++
re: #5 February 24, 2012 at 7:41 pm bg
& #10 February 24, 2012 at 8:00 pm bg
BP CEO sold shares of his company’s
stock weeks before Gulf disaster
==
bg commented:
++
re: #12 February 24, 2012 at 8:07 pm bg
missing Goldman Sachs sold $250 million of BP stock before spill link..
==
Militant Conservative commented:
Gee, crony capitalism by a n@@@er.
Duh. He’s a pathetic socialist nothing less.
11B40 commented:
Greetings:
And as if scheduled, this evening’s CBS News ran a “report” that “investors and speculators” were the cause of the increasing gasoline prices. President Obama and his subversive administration were not even mentioned as the media has apparently found them guilty of nothing, nada, zip.
Patty commented:
Cain called her a princess, I call her the Queen of Mean. I can waste my time on someone with crazy eyes.
Like Daffy Duck might say: she is despicable. Sign this, Pelosi, then read it.
StimpsonJCat commented:
2112 = good year & great album!
Patty commented:
OT
Obama ‘HOPE’ poster artist pleads guilty in NYC
http://news.yahoo.com/obama-hope-poster-artist-pleads-201620345.html
Patty commented:
What Is the Biggest Factor in High Oil Prices?:
Like most of the things you buy, oil prices are affected by supply and demand. However, oil prices are also affected by oil price futures, which are traded on the commodities futures exchange. These prices fluctuate daily, depending on what investors think the price of oil will be in the future. When traders think oil will be high, they bid it up even higher. This soon causes high gas prices.
Another reason for high oil prices is the declining dollar. Since oil is denominated in dollars, the 40% decline in the dollar in the last six years puts upward pressure on oil prices. (Source: BBC, Oil Price May Hit $200 a Barrel, May 7, 2008)
Sometimes commodities traders drive up the price of oil, even when supply increases and demand falls. The EIA cited an increased flow of investment money into commodities markets. In other words, money that used to be invested in real estate or the global stock market is now being invested in oil futures. (Source: EIA Short-Term Energy Outlook)
What Makes High Gas Prices Go Down?:
The summertime vacation driving season usually increases gas prices by an average of ten cents per gallon. This price increase is despite the increased use of ethanol. Gas prices usually go down in the winter, since transportation needs are lower. This even offsets an increase in oil usage for winter heating in the Northeast U.S.
What Can We Do About High Gas Prices?:
The most immediate thing we can do is reduce our usage of gas, either through driving less or increasing fuel efficiency. Surprisingly, the best way to increase fuel efficiency is to keep tires inflated. These, and other suggestions, are included in the “Related Reading” section of this article.
Longer term, we can change our need for oil and gas by switching to alternative fuel vehicles, using public transit and moving closer to work to reduce commuting time. This will reduce the impact of gas prices on each of us individually by reducing use.
Could this reduction in itself reduce gas prices? It could, if it could reduce demand for oil enough to lower oil prices. It would have to happen on a sustained basis over a long period of time. That’s because gasoline accounts for only 20% of each barrel of oil. Oil companies would still profit from the non-gasoline parts of their business. Therefore, even if consumers could conceivably stop 100% of gasoline use, oil prices might only decline 20%.
Read more @link http://useconomy.about.com/od/commoditiesmarketfaq/p/high_gas_prices.htm
Patty commented:
Oil won’t stop until economy breaks
As gold strengthens on the back of the extreme experimentation of the world’s (now-sheep-like) central bankers’ easing and printing protocols, it does no real harm to the world, but as John Burbank (of Passport Capital) notes, the painful unintended consequence of all this liquidity is energy costs skyrocketing – and it won’t stop until the economy breaks. The negative feedback loop, that we pointed to yesterday as potentially the only thing to stall a magnanimously academic response to the insolvency we see around the world (and the need for deleveraging at this end of the debt super-cycle), of oil prices into the real economy will be devastating not just for US but for EM economies, though as the bearded-Burbank reminds us – Saudi benefits greatly (and suggests ways to trade this perspective). Flat consumer incomes while costs are rising is never a good thing and while we make new highs in oil in terms of EURs and GBPs, he warns we may soon in USDs also. Summing up, his perspective is rising tensions in the Middle East combined with central bank liquidity provision are a huge concern: “We’re actually quite bearish. The only reason all this liquidity is coming into the market is because things are really bad. It’s not because things are good. It’s hard to know where things are going to go. The point is, just because they’re putting liquidity in the market doesn’t mean the economy is improving.”
http://www.zerohedge.com/news/oil-wont-stop-until-economy-breaks
bg commented:
++
January 23, 2002
War Against The Saudis
[BUSH PAYS THE PRICE
So far, President Bush has made it plain that he does not mean to wage war on Islam, and for that he is being made to pay a price. While his State Department is struggling to undo the damage done by the anti-Saudi media and the Lieberman-Levine assault in Congress, a grand coalition of left and right is pushing for World War III in the Middle East – a war that, given the presence of Pakistan and India (not to mention Israel) in the equation, could quickly go nuclear.]
==
Patty commented:
O’reilly said that by 2012 our national debt will reach 20 trillion. OMG!
http://www.foxnews.com/on-air/oreilly/index.html
Patty commented:
#21
bg
%*@:-)
gail commented:
Good Lord! Don’t tell me Nancy is still gonna be serving in 2112? That’s a lot of plastic surgery!
nano commented:
Patty comes close but what is really driving prices here is Een there done that Bernake with his printing presses devaluing the dollar. Yep Patty talked about that as you devalue the dollar the price of a stable commodity goes up.
For example if you priced oil in gold instead of dollars right now oil and by that gas is 40% or more less than when Obama took office. That is not an indication of the rise in gold prices but more as to the devaluation of the dollar by printing so many.
Look at the EIA inventory figures we keep going up on the amount of finished gas we have stored and are getting close to capacity we have to store it.
Another thing overlooked by many is that even if we drill baby drill unless we add more refineries the stuff would have to sit in tanks waiting to be processed.
Only one refinery has been approved in the last 30 years and that one is owned by the Saudis and is designed to work with heavy oil that the Saudis will have to be tapping soon since they are about to run out of the light crude and will have to tap their remaining resources.
Refinery capacity is the bottleneck here and it is why we import 14% or our refined product and not just crude oil. Companies have learned expand refining capacity offshore where the EPA doesn’t play and I expect that number to only increase since we insist on shooting ourselves in the foot every time.
Cutlers Bad Thumb commented:
Seeing this ugly old hag on T.V and on the blogs more lately is really doing great for the diet I’m on. When ever I see her it makes me want to skip lunch or dinner.
Maybe Moochie should hang a picture of Pelosi in every school cafeteria…
Marooned in Marin commented:
2112, yeah, living in Obama’s America kind of reminds me of living under the Red Star of the Solar Federation
http://en.wikipedia.org/wiki/2112_(album)
pink tie Republican commented:
Money printing by Central Banks, primarily Bernanke at the FED, is why gas is $3.60. He is spreading the cost of his bankster bailouts across everyone that owns cash or cash equivalents.
Thad commented:
Here is what is predictable… the gops blaming Obama for the exact same things that they sat back in silent complicity for when Bush was running the show. Like the sudden concern for small government and less spending that popped up in 2008 after you gops defended all of W’s big spending, big government ways.
Even the gop senate in 2003 blamed big spending, big government W for the high gas prices.
http://www.access.gpo.gov/congress/senate/pdf/108hrg/85551.pdf
-you republics ethics and/or morals are dictated by politics and politics alone.