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Gas Prices Top Issue

But here's an eye opener. Recent polling data from Gallup show the percentage of voters blaming oil companies for skyrocketing gasoline prices has dropped from 34 percent to 20 percent over the past year. At the same time, support for more drilling in U.S. coastal and wilderness areas has increased to 57 percent from 41 percent.
...
Obama continues to lambaste oil companies while congressional Democrats push for cap-and-trade. They're missing the point, big time. The public wants more energy and more fuel to cut high prices and spur economic growth. But the costly cap-and-trade plan would produce less fuel and less growth. It would only raise gas pump prices while mounting a Gosplan-type taxing, spending, and regulating program that would be the moral equivalent of Hillarycare on nationalized medicine.
Sen. McCain has an opening here. Yet he, like Obama, would have voted for cap-and-trade, which went down to defeat in last week's Senate vote. And while Mr. McCain favors some off-shore production and has been strong on nuclear development, he is against drilling in ANWR Alaska.
Hold that thought.... there does appear to be some movement on that issue, at least according to Lindsey Graham on Sunday:
On ABC's "This Week -with George Stephanopoulos," Sen. Lindsey Graham (R-S.C), a McCain friend and supporter, said the Arizona Republican would be open to talking about looking for oil and gas "in our own backyard."
"John McCain would allow offshore explorations, if the states consent," Graham said Sunday.
Graham's statement echoed the position McCain took in response to a survey conducted by the League of Conservation Voters last year. The League questioned all the 2008 presidential candidates about whether they supported maintaining current moratoriums on new offshore oil and natural gas drilling.
As convoluted as that statement is, it's still more coherent than most liberal Democrats on the subject of high fuel prices. The link is just one sample but sadly typical and refers finally to the attempt by the Democrats to pass a windfall profits tax on oil companies. Oil prices are bad, therefore we should tax the profits of the oil companies, which will make us all feel better, because everyone will get shafted equally... Huh? How about actually doing something that will affect the price of oil. I could almost see it if the windfall profits were to be distributed as rebates at the pump, but no, not exactly, they were planning to keep the money.
The bottom line is that the first presidential candidate to convince the public that he has a serious credible plan to reduce oil prices will go into the general election with a serious tailwind. John McCain, by simply not having to align with the environmental lobby, is at a structural advantage, but he needs to seize the opportunity
Recent Comments
(Page 1 of 2)emelpe6:08AMJun 11th 2008
Here's an idea: you want gas prices to come down? Then stop using so much. Park your cars and SUVs in the garage and start using public transportation. Or car pool. Or get off your fat asses and use a bike. Or you feet. If sales of gasoline start plummeting, the oil companies will figure out a way to bring down prices so they can get you back in your cars. It's called the law of supply and demand. Economics 101. Jesus. What do Americans study in school?
Linda7:32AMJun 11th 2008
Supply and demand is not the problem...Stats. show we are consuming less but prices keep going up...
We need to stop depending on other countries and take care of ourselves.Drill here.
NO-OBAMA8:49AMJun 11th 2008
SUPPLY AND DEMAND IS NOT THE GREATEST PROBLEM. THE CORRUPT DEMOCRATS IN CONGRESS IS THE PROBLEM.
HILLARY WAS FORCED TO MAKE THAT SPEECH. THE DNC AND BIASED MEDIA FORCED OBAMA DOWN OUR THROATS BEFORE OVER HALF OF AMERICA HAD VOTED --- THEN THE TRUTH BEGAN TO COME OUT. HOW MUCH IS OBAMA STILL HIDING?
The superdelegates should not pledge until at least after the primaries are over. This nomination was so corrupted I am really having a hard time believing that it happened here in the United States.
Where are the systems that provide the checks and balances so that this corruption does not occur. The Dems, DNC and Obama people gave us all their middle finger.
They dared us to try to stop them and we could not. It is very scary to me. This seems like one of those elections in another country where the U.S. sends intermediaries to make sure everything is on the up and up.
Perhaps England or Canada or some other country should have sent someone here.
VOTE COUNTRY --- NOT PARTY.
McCAIN 2008.
ANYBODY-BUT-OBAMA8:59AMJun 11th 2008
WHY IS CHINA DRILLING FOR OIL OFF THE FLORIDA COAST?
WHY CAN’T AMERICA DRILL FOR OIL OFF THE FLORIDA COAST?
WE NEED TO REPLACE THE DEMOCRATS IN CONGRESS!
VOTE COUNTRY — NOT PARTY.
McCAIN 2008.
ThinkSugar9:47AMJun 11th 2008
In order to survive without getting help from anyone or the government, I work three (3) jobs. All toll, I travel 93 miles a day. Lately, I am thinking that I need another job just to pay for gas, but that would take away from the seven (7) hours per day I have left to sleep and have some sort of a small existence. We get peed on by everyone in the world including our own government, so if cars ran on pee we would be up to our ears in free fuel.
suzanne10:30AMJun 11th 2008
Great article Dave I hope John McCain heeds your advise
Michael Lewis11:41AMJun 11th 2008
NEITHER PARTY OFFERS THE SOLUTION:
END FOREIGN WARS AND DRILL FOR DOMESTIC OIL
A rapidly devaluing dollar, aggravated by the cost of the War in Iraq, contributes to recent rapid increases in the price of gas. And if the trillion plus dollars the US spent fighting that war had been invested in a Manhattan like project to produce oil from known reserves in the Gulf of Mexico, the Continental shelf and synthetic diesel/gas from America’s abundant coal fields, gas would be $2 a gallon or less.
And reducing trade deficits keeps jobs in America. Every billion of trade deficit costs 13,000 jobs. $400 billion for oil last year: do the math.
Plus declaring American energy independence is the neighborly thing to do. It would place downward pressure on world oil prices by making more OPEC oil available for the UK, France, Japan, Turkey, etc.
Call Congress and demand domestic production in this decade.
http://www.house.gov/house/MemberWWW_by_State.shtml
John11:54AMJun 11th 2008
There goes one of Katherine's reasons for voting for McCain--the Environmental President? Not.
John in Philadelphia
OBAMA '08
Henry12:06PMJun 11th 2008
8 years of Bush. Can not afford gas to go to work. Can not afford food when we get to Wal-mart. Still in Iraq. Looks like we are going to Iran. Vote Mccain, we'll see real pain.
Obama 08
Jim2u1:11PMJun 11th 2008
Blame gas prices on Congress... They oppose drilling for oil where ever we can find it... This is one of the worse congress we have had in many many years..
time for real change..Get red of the whole lot... Obama Mccain, Kerry Clinton Kennedy, and the rest of the political misfits..We would be better off letting the country run itself then voting for any of these clowns..
VOTE NONE OF THE ABOVE AND LET AMERICA RUN ITSELF..
Rococo41:31PMJun 11th 2008
McCain wishes he had voted yes on ANWR now I bet.
Linda1:58PMJun 11th 2008
Gee what did the Dem. learn in school? Sounds like nothing...... We have such a lame dem congress and everyone of them really need to go....
Pete9:20PMJun 11th 2008
The facts will inevitably expose the Democrats pandering for votes to the detriment of the country.
During the Clinton years (Say 1998) oil was $20-$25 per barrel and gas around $1.10-$1.15 per gallon.
Oil has gone from $20 up 6.75 times to $135 per barrel yet gas has only gone from up 3.65 times from $1.15 to $4.20 per gallon. Clearly our oil companies had a higher profit margin on gasoline during the Clinton years than they do now under "oil man Bush".
So where do these "windfall porfits" come from?
As recently as 2003 oil was $30-$35 per barrel. It takes years of geological studies, enviromental studies and permits, acquiring legal drilling leases and permits before a drill bit touches the ground.
Many oil wells produce oil for years, even decades.
Many wells that produced oil profitably 10 years ago when oil was $20 per barrel are still producing oil now that it is $130 per barrel. Wells that produced oil profitably in 2003 at $30-$35 per barrel are still pumping oil at $135 per barrel.
With many oil wells that were profitable when oil was $20 per barrel still producing oil at $135 per barrel how can the oil companies NOT make record profits??
Oil companies are NOT making record profits by refining $130 oil into gas.
Recently President Bush went to the Saudis, hat in hand, and asked them to increase oil production by 1 million barrels per day, which is the same amount ANWAR would be producing today had Clinton allowed drilling in 1995.
So Democrats pander to the ignorant by threatening to sue the Saudis for not producing enough oil while they put ANWAR, the Atlantic and Pacific shelves off limits to drilling.
Most of the worlds oil producers are government owned and many of those governments are NOT friendldly to the US. Private oil companies, like those in the US, are a distinct minority on the worlds stage.
Democrats under Jimmy Carter placed a "windfall profit tax" on our oil companies in the 1970's and it resulted in LESS oil and LESS gasoline. Many of todays voters don't remember gas rationing: only being able to but a few gallons every other day based on your odd or even license plate number.
Now Democrats would like to place a windfall tax on our private, technology leading, oil companies which are the ONLY ones who can help us in the short term.
Thanks to Democrats the Saudis just keep smiling and raising prices.
REPLACE-DEMS-IN-CONGRESS11:35PMJun 11th 2008
Obama's been paying off superdelegates since 2005:
http://www.boston.com/news/politics/politicalintelligence/2008/02/superdelegates.html
Many of the superdelegates who could well decide the Democratic presidential nominee have already been plied with campaign contributions by Barack Obama and Hillary Clinton, a new study shows.
About half the 800 superdelegates -- elected officials, party leaders, and others -- have committed to either Clinton or Obama, though they can change their minds until the convention.
OBAMA'S POLITICAL ACTION COMMITTEE HAS DOLED OUT MORE THAN $694,000 TO SUPERDELEGATES SINCE 2005, THE STUDY FOUND, AND OF THE 81 WHO HAD ANNOUNCED THEIR SUPPORT FOR OBAMA, 34 HAD RECEIVED DONATIONS
TOTALING $228,000.
THE DEMS IN CONGRESS HAVE BEEN BOUGHT AND PAID FOR! WE NEED TO VOTE THEM OUT AS SOON AS POSSIBLE!
REPLACE-DEMS-IN-CONGRESS2:07PMJun 12th 2008
CHINA IS DRILLING OFF THE COAST OF FLORIDA! WHY AREN'T WE?
Someone ask the president wannabe if he will take his presidential oath on the bible. I think we all know the answer to that - there will be no answer.
Someone ask the junior senator what 57 states he is referring to in his campaign. The only 57 state group is the 57 Islamic states - you know - the "peaceful religion"
Someone ask the inexperienced new boy what he thinks of an institution that would overlook the more experienced female candidate for the new fellow with the charisma, the new suit, the new jokes and the good ole boy democrat mentality of screwing the more qualified female candidate for the job so the new guy can take his step up the ladder.
Now for the enlightened liberals to take their turn to call me racist for pointing out the " inconvenient truth" The junior senator has lost his bearings.
McCAIN 2008.
Eddie D.2:20PMJun 13th 2008
We might not need to drill new wells if the oil companies would just pump the wells they already control. My wife owns an oil well in Oklahoma but
Sunoco controls when it gets pumped. Based on the price of a barrel of oil in April, her royalty check
reflected that they only pumped 10 barrels of oil.
They didn't pump it at all in May. The oil companies control the price of oil by their control over when the wells are pumped.
ed.slough11:05AMJun 16th 2008
IMPEACH GEORGE BUSH FOR ILLEGITIMATE WAR!!!
McCain's promise to continue waging war in Iraq until we "win" is
called into question by these revelations by former White
House Press Sec'y Scott McClellan. The Bush admin.
actively deceived the American people, Congress, the U.N., and
individuals within Bush's admin.such as Colin Powell. To
continue squandering the scarce financial resources of the U.S. in
order to "save face" is utter stupidity.
The Iraq War has driven the U.S. into a recession which Warren
Buffet says will be very long and deep. Our grandchildren
will be taxed to pay-off the huge federal deficit created by Bush with
his war. And the people of Iraq received better treatment than
Americans caught in Hurricane Katrina. The U.S. was dropping "meals
ready to eat" and bottled water to the people of Iraq at the same
time Katrina victims were left starving, and dying from dehydration, in New Orleans.
Bush should be impeached for his wreckless disregard for the American people.
REPLACE-DEMS-IN-CONGRESS6:11PMJun 27th 2008
The Junior Senator from Illinois, Barack Obama, has recently said that he supported a Sexual Education Program for kindergartens, ages five and higher.
Now, I am reasonably sure that sex isn't quite an enormous part of a five year olds life; I could be wrong about that...perhaps a lot more has changed than I thought...?
Would you want your five year old learning about sex in class?
McCain 2008!
I know what to do7:06PMJun 27th 2008
Obama: "are we there yet?"
Dean: "are we there yet?
Pelosi: "are we there yet?"
Michelle: "are we there yet?"
Farrakahn: "are we there yet?"
Ayers: "are we there yet?"
ANSWER: NO. YOUR COMPASS IS BROKE. YOU CANT FIND THE TRUE NORTH (AMERICA). YOU ARE OFF THE CHART. THE AMERICAN PEOPLE DONT KNOW YOU, DONT WANT YOU.
We the people vote Honorable American Hero
Sen. John McCain.
Never Obama.
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DavesRaves1:09AMJun 11th 2008
It's like Newt Gingrich says- "DRILL HERE, DRILL NOW, PAY LESS."
This ain't rocket science, folks.
By the way- big corporations don't pay taxes- WE DO. Taxes they pay are then passed on to the consumer (us). If the liberal Democrats slap big oil companies with a windfall profits tax, guess who's gonna have to absorb it? If you said "the consumer", CONGRATULATIONS! You "get it".