Thread:

Guess Bush will get blamed for this again too

http://townhall.com/columnists/Larry..._no_pitchforks


O's and his cast of clowns have this one all figured out also. Just put a moratorium on all drilling and cut back on our domestic production. Blame Bush for everything and let the agenda move ahead further eliminating the struggling middle class with unaffordable gas prices. I am sure this will really stimulate the economy...


Drill baby drill sure sounds like a dumb idea now huh...

[QUOTE=Lavey29;1319520]http://townhall.com/columnists/Larry..._no_pitchforks


O's and his cast of clowns have this one all figured out also. Just put a moratorium on all drilling and cut back on our domestic production. Blame Bush for everything and let the agenda move ahead further eliminating the struggling middle class with unaffordable gas prices. I am sure this will really stimulate the economy...


This is just a continuing ploy to create financial hardships for the U.S. citizens in an attempt and make their socialist views look more appealing and an answer to the economic chaos it creates.

Originally Posted by Lavey29

http://townhall.com/columnists/Larry..._no_pitchforks


O's and his cast of clowns have this one all figured out also. Just put a moratorium on all drilling and cut back on our domestic production. Blame Bush for everything and let the agenda move ahead further eliminating the struggling middle class with unaffordable gas prices. I am sure this will really stimulate the economy...


Drill baby drill sure sounds like a dumb idea now huh...

Lavey, I haven't heard anyone blame Bush for current oil prices. Also, I went back and read many of Larry Elder's "Town Hall" articles from 2000 to current. In 2005, he cites a GOP official who was asking for oil windfall taxes and doesn't say a single negative thing, and in fact, goes on to defend a recend Exxon CEO's retirement package of $400 million.

Either way, the rising cost of oil has little to do with domestic drilling or not, and everything to do with our export bill.

Originally Posted by Uminchu

Lavey, I haven't heard anyone blame Bush for current oil prices. Also, I went back and read many of Larry Elder's "Town Hall" articles from 2000 to current. In 2005, he cites a GOP official who was asking for oil windfall taxes and doesn't say a single negative thing, and in fact, goes on to defend a recend Exxon CEO's retirement package of $400 million.

Either way, the rising cost of oil has little to do with domestic drilling or not, and everything to do with our export bill.

That's just plain idototic, ever heard of supply and demand? If the U.S. had more national options and purchased less oil on the world market, worldwide oil prices would be affected accordingly.

Personally, I think OPEC was testing our nation to see what our response would be to rising prices. Getting a feel for how much they could raise the level and still control our need for import oil. The releasing of some reserves and the threat of increasing our domestic production substantially along with everyday Americans cutting back seemed to backfire on this test. I think they are doing the same thing again now and testing O's resolve and to guage his response to this action. OPEC has said that $75 a barrel keeps a nice balance between supply and demand along with gas prices, however, if they can get $100, $125, $150? out of us with little or no response this time such as increasing domestic production, opening areas for drilling, etc... then I am sure OPEC will take the free money we are throwing away.

If we had no dependence on foreign oil, think of how our approach to international diplomacy would change. We would be in the drivers seat for a change. You can't grow rice in the desert.

I agree, our dollars value tanking is playing a big part also.

Originally Posted by Lavey29

I agree, our dollars value tanking is playing a big part also.

Despite all the "blaming O" posts above, the trading price of crude has everything to do with the markets, and this includes our export and trade deficits.

I don't pretend to be an economic analyist, but a friend of mine in Texas is, and is heavilyu invested in oil. I listen to him bitch all the time.

BBC, I don't see any indiciation that President Obama has "tanked" the dollar, and if you do some looking, you'll see he's been on China's ass for devaluing the dollar, which has a huge impact on oil prices. Quite the opposite of what you are saying.

Funny that Lavey states in the OP that the Libs blame Bush, followed by posts of the usual suspects blaming Obama!

And lest I forget to sound like a flamming liberalist elitist fag, let me point out that getting off of oil is necessary to our national security. How do we accomplish this in the long-term if we "drill baby drill" now?

I'd like to fuel that BBC jet boat and that Ford V-10 for a few more years. And it isn't the US who needs Arab oil, it's our allies.

Originally Posted by Lavey29

p.s. my mohave county taxes went up a little also...but my appraisal on my refi was also surprisingly much higher then expected as well so hoping Havasu property values have stabilized and values are slowly coming back again. The comps in the neighborhood were actually pretty positive. Got my loan down from 30 to 20 and interest rate went from 5.5 to 4.25 so very happy about that deal...

That is a great rate. I came into this deal a bit earlier, so ended up with 5.25, but I looked long and hard to find the right place, dropped a lot of cash and did several major improvements.

This is not an investment, but is where I live full time in retirement, but if something else comes along, it'd be nice to dump the place and break even at least. I'm in the South area, up the hills.