Obama Administration Terrified of $4 Gas in 2012

[marshabar1]

. . . . .Some OPEC members warned on Thursday that they could retaliate against the IEA's actions by tightening supply.

"Within OPEC, there are differences of opinion, and some of the countries don't have any spare capacity. We're trying to work together and make this market stabilize," Tanaka said.

He added that the measures were "just short term" and said oil prices are likely to go up again in the longer term.

"Certainly in the longer term the price could be higher… globally we must be more efficient," Tanaka said.

"The IEA may be tempted to extend the draw for an additional 30 days, but at some point we expect that fundamentally tighter markets will force the IEA to surrender to higher prices," analysts at Deutsche Bank wrote in a note.

“For the time being there is a major switch in the oil balance of power,” said Neil Atkinson, director of energy research and analysis at Datamonitor.

“The IEA decision is clearly based on political pressure led by the United States. The Obama administration is terrified of $4 gasoline in 2012 when voters go to the polls. OPEC’s inability to reach a decision two weeks ago in Vienna – any decision – is now rebounding terribly on them as they have lost credibility as a price regulating authority,” he added.

www.cnbc.com/id/43322346

[deziloooooo]

I don't agree , I think so many of us were getting use to $4 per gallon, just paid 3.62, lowest in my area that I know of..and as far as blamiing anyone..who? The POTUS?? LOL..give me a break already, beyond him ... supply, demand, we use so much..4 % of the population, use supposedly 25 % of the capacity, something like that, and Europe so much higher, UK too..but they seem to survive...

Answer, smaller cars..better MPG..car pools again, people still do that? In other words, I haven't a clue..Biggest proble me thinks, neither do you or any one ..so as one likes to say here..I guess we "Deal with it "....

[marshabar1]

Strangely enough I trust the opinion of Nobuo Tanaka, Executive Director of The International Energy Agency over yours, Dez. ;D

[Deleted]

“The IEA decision is clearly based on political pressure led by the United States. The Obama administration is terrified of $4 gasoline in 2012 when voters go to the polls.

It's a sad fact that political considerations take priority over what's best for the country. The Obama administration should be terrified of $4 gasoline because of what it will do to the American consumer, not because it will hurt his re-election chances.

No, this isn't an indictment of President Obama. It's true of both political parties because in that re guard they are the same.

I do wonder though how "scared" they will be of $6 gasoline when they need to pay for social programs. I'm betting, not that scared.

[marshabar1]

Ah well, in Obamanation electricity rates will necessarily skyrocket.



No problemo! ;D

Get in line little toy people and stop squirming, this'll only hurt a little. Some of you will necessarily have to freeze to death or die of heat stroke but think how glorious the future will be. ;D

[deziloooooo]

Jun 25, 2011 15:53:50 GMT -5 @marshabar1 said:

Strangely enough I trust the opinion of Nobuo Tanaka, Executive Director of The International Energy Agency over yours, Dez. ;D

Actually Marsha I don't believe I expressed a opinion, let me go look.

I was correct, in fact I posted, "I don't have a clue " so if I were you I to wouldn't trust my opinion either, I don't have one, and I now know who Mr . Tanaka is, a bit of googling, and the only statement , I found on him was a interview back in 2008 ;

"http://www.spiegel.de/international/business/0,1518,571650,00.html"

It seems he feels oil production will peak out about 2030, though the demand will continue to climb, China, India as larger users of, plus other industrialized new countries, and he is expecting Arab countries to get into the production by new refineries of the different by products of the fuels, primarily because western nations have not kept up their up grading and construction of new refineries..so as he suggests, oil prices are going to rise.

Supply and demand economics, so possible Obama's desire for alternative fuels, energies, his putting a Bllion into green industries, the grant of a Billion to the Spanish power company , the thread I posted yesterday and his hoping to get Congress to invest more seed $ into new energy development , might not be such a bad idea.

Naturally I am asking you to forget your antagonism , paranoia, yiou do have that you know, for the man himself and just comment on his ideas of investments for the 21 st century, of which a lot will be taken up by green and alternative energy sources.

Possible if a change in leadership comes about, which would please you, the new leader will also realize these investments by the country , the government , are needed ansd continue as obama is doing, trying to convince a reluctant Congress for these expendatures, even though most of those there, the elected, are just more concerned in keeping them selves in office rather then actually think beyond the immediate of them selves but for what the country needs in help and direction, thinking ahead when they are no longer here, or if here, no longer in power, just old people waiting for the end to come get them.

[djAdvocate]

i'd be more worried about having a worse job record than Bush had in his first four years- a distinct possibility.

[marshabar1]

Yep, he's in a real pickle. Not looking good now that he has an actual record of "accomplishment."

[djAdvocate]

Jun 25, 2011 18:12:48 GMT -5 @marshabar1 said:

Yep, he's in a real pickle. Not looking good now that he has an actual record of "accomplishment."

his list of "accomplishments" is about average for a president.

however, as Clinton so aptly put it "it is the economy, stupid".

[handyman2]

As the Chinese would say-No tickee no laundry. Today Americans will say-No jobee no votee. That is what his re-election will hinge on. Does not matter who's fault it is. He is the one sitting in the proverbial hot seat. Flowery speeches and promises are passe now we have heard them all.

[djAdvocate]

Jun 25, 2011 18:32:08 GMT -5 handyman2 said:

As the Chinese would say-No tickee no laundry. Today Americans will say-No jobee no votee. That is what his re-election will hinge on. Does not matter who's fault it is. He is the one sitting in the proverbial hot seat. Flowery speeches and promises are passe now we have heard them all.

precisely. i got into this argument on another board. some festering pustule asked me to come up with four things Obama had to do to stay in office. i posted four charts of the economy. this guy kept asking over and over again for four things. i kept posting the same charts. and then, this guy actually had the NERVE to say i was avoiding his red herring question. so i let him have it:

Obama doesn't have to do ANYTHING other than preserve his weak recovery. if he can do it, like Bush did, he will get re-elected no matter how lousy of a job/good of a job he is doing over all. it doesn't matter a stitch. TPTB like stability and growth. if he can give it to him, NONE of this stuff matters.

this is probably why Obama is not that concerned with the deficit, and has not taken leadership on it. cutting back on the pump priming will not help his chances of getting re-elected one bit.

[reasonfreedom]

Jun 25, 2011 17:31:44 GMT -5 deziloooooo said:

Jun 25, 2011 15:53:50 GMT -5 @marshabar1 said:

Strangely enough I trust the opinion of Nobuo Tanaka, Executive Director of The International Energy Agency over yours, Dez. ;D

Actually Marsha I don't believe I expressed a opinion, let me go look.

I was correct, in fact I posted, "I don't have a clue " so if I were you I to wouldn't trust my opinion either, I don't have one, and I now know who Mr . Tanaka is, a bit of googling, and the only statement , I found on him was a interview back in 2008 ;

"www.spiegel.de/international/business/0,1518,571650,00.html"

It seems he feels oil production will peak out about 2030, though the demand will continue to climb, China, India as larger users of, plus other industrialized new countries, and he is expecting Arab countries to get into the production by new refineries of the different by products of the fuels, primarily because western nations have not kept up their up grading and construction of new refineries..so as he suggests, oil prices are going to rise.

Supply and demand economics, so possible Obama's desire for alternative fuels, energies, his putting a Bllion into green industries, the grant of a Billion to the Spanish power company , the thread I posted yesterday and his hoping to get Congress to invest more seed $ into new energy development , might not be such a bad idea.

Naturally I am asking you to forget your antagonism , paranoia, yiou do have that you know, for the man himself and just comment on his ideas of investments for the 21 st century, of which a lot will be taken up by green and alternative energy sources.

Possible if a change in leadership comes about, which would please you, the new leader will also realize these investments by the country , the government , are needed ansd continue as obama is doing, trying to convince a reluctant Congress for these expendatures, even though most of those there, the elected, are just more concerned in keeping them selves in office rather then actually think beyond the immediate of them selves but for what the country needs in help and direction, thinking ahead when they are no longer here, or if here, no longer in power, just old people waiting for the end to come get them.

Actually, you were wrong. Your opinion was that you don't agree.

[reasonfreedom]

Jun 25, 2011 14:49:57 GMT -5 deziloooooo said:

I don't agree , I think so many of us were getting use to $4 per gallon, just paid 3.62, lowest in my area that I know of..and as far as blamiing anyone..who? The POTUS?? LOL..give me a break already, beyond him ... supply, demand, we use so much..4 % of the population, use supposedly 25 % of the capacity, something like that, and Europe so much higher, UK too..but they seem to survive...

Answer, smaller cars..better MPG..car pools again, people still do that? In other words, I haven't a clue..Biggest proble me thinks, neither do you or any one ..so as one likes to say here..I guess we "Deal with it "....

Speak for yourself, I don't become numb to inflation. That is the same thing as saying I am ignorant.

They should be scared of $4 a gallon, that would increase the price on almost everything. Mostly all item have to be transported, their prices will have to be increased to cover the cost of transportation. That or people will be laid off or a lot of cuts will have to be made to make up for cost.

[deziloooooo]

If you think gas and oil prices are going to be going down..how can you come up with that idea..there is less of it available , the demand is greater every day it seems..simple economics say when you have a finite product, demand increases, prices go up.

I don't mean short term fluctuations and if you notice, when they go down, they never seem to go ALL the way down to where the bottom was, always a bit higher, and even the gentleman who Marsha quoted, a expert on this product, suggests supplies may peak by 2030, and if he is off a bit, say 2040 or 2050..the point is , the product in the quantities needed are just not going to be there, and unless the world finds alternative ways to produce power, let alone use in transportation, the price will rise.

That is a truism that no matter who is in the chair in Washington, is not going to change.

[AgeOfEnlightenmentSCP]

Obama wants high gas prices. He's terrified of getting the blame, perhaps, but terrified of high gas prices? Quite the opposite. He welcomes high gas prices.

[handyman2]

Hey I remember when gas was 13 cents a gallon and I still had trouble having enough money to keep my old jalopy going. Since then every time gas went up year after year there would be the hugh and cry of disaster just around the corner. In each case life went on and people adjusted. They will this time to. Just the nature of the beast.