If we win the Presidency, will gas prices go down?

[movie_girl99]

I have heard people talking about this of late. Some say that prices will drop and others say no. What do you all think?

[leftofcool]

1. I doubt it

[elehhhhna]

23. A li'l antitrust investigation couldn't hurt.

[bryant69]

2. Probably not

I don't know what they can do to get cheaper gas.

Bryant
Check it out --> http://politicalcomment.blogspot.com

[movie_girl99]

3. at the risk of sounding naive, couldn't we open up

some of our reserves or get oil from Canada?

[DJ13]

4. If (IF) the new President has an agressive AG and head of the SEC, yes

Once sworn in, if both of them and the new head of the FTC announced an investigation into the trading on the commodities markets, the price would collapse within days.

Rats seeking fast money dont like operating in sunlight.

[Jack Bone]

9. I agree w/ you...Let's all hope that is the case!

:applause:

[HowHasItComeToThis]

35. BINGO FOR YOU

[Zueda]

5. Depends...

The value of the dollar can be buildt back-up with the proper policies. The next President will need good judgement.

[Warpy]

6. In the short term, no

but I expect a Democrat to release some of the Strategic Oil Reserve to get the per barrel price of oil down to a reasonable level.

Only breaking up the oil giants using the antitrust laws at their disposal will get gas prices down at all by forcing smaller companies to reopen mothballed refineries in order to compete. I honestly don't think even that will drop prices that much and I'm not convinced it would be a good thing, given that people rush back to gas guzzling penis extenders every time the price per gallon drops.

A stronger dollar will drop prices, but that will take many years of fiscal responsibility to achieve.

[Sub Atomic]

7. I'm not sure, but I do remember Cheney the Dick saying

that high energy prices were the signed of a failed administration.

He couldn't have been more spot on.

[The_Casual_Observer]

8. Apparent stability in the ME, conservation, alternative fuels & transit

one thing is guaranteed, with a republican president it will only get worse.

[Donnachaidh]

10. Nope -- both dem candidates have too many IOU's to Big Oil

It would take serious cherries to place caps on prices, and I don't see either of them doing it.

[Subdivisions]

11. Production of the world's RECOVERABLE oil is in DECLINE.

And the technology to get to the rest does not exist and probably never will. There's only so far you can drill before you can go no further. All of the EASY oil is gone.

In 20 years or less, oil wil no longer be available for such trivial things as mine car or yours.

[ThomWV]

16. That is simply not true.

Production has not reduced one single bit, it is new field finds that are on the decline.

[Speck Tater]

12. Nope. Supply is down, demand is up. Cheap oil is OVER. Forever. NT

[ThomWV]

18. You have bought into the bullsion. Supply is not down, demand is barely up, speculation way up.

It the fuck war and the threat of more war.

[JuniperLea]

20. You are right...

It's about the lowly dollar! Oil is traded in dollars... the dollar is very weak.

[high density]

36. Speculation way up

Ding ding ding, we have a winner!

[movie_girl99]

13. as usual you guys came through..thanks for the valuable info n/t

[ordinaryaveragegirl]

14. It would take some doing, and time.

I would never expect it to go back to pre-Chimp prices. Our efforts would be better spent investing in more green-friendly energy, instead of dealing with OPEC and Big Oil. The latter would be a huge waste of time IMHO.

[ThomWV]

15. Almost immediately, that is if the price doesn't collapse between now and then

There is nothing on earth other than speculation to justify a price above $60.

[wuushew]

25. I'll take that bet

You say it will be under $75 a barrel by say February or March 2009?

[tachyon]

17. HAHA HAHAHAHA HAHA cough, choke----gasp

sorry...

[JuniperLea]

19. Only if the dollar rebounds...

This isn't only about oil, it's about oil being traded in dollars. People seem to forget this. How long will the world go along with trading in the lowly dollar?

:shrug:

[NewJeffCT]

28. It's not just about oil - Bush & Reagan use the weak dollar policy

to try and boost exports & the economy while they loot the treasury. So, not only did they have their borrow & spend trickle-down economics, they also used the weak dollar to try to keep the economy going.

[depakid]

21. We're past peak production

despite the (sometimes wild) fluctuations -the moving average will only rise... and rise.

Get used to it. $3.00 per gallon is cheap. In a year or two, $5.00 per gallon may well be cheap.

[littlecryinggirl]

22. No

Prices will not drop until the world stops using so much of it.

[galledgoblin]

24. I kind of hope not

we need to stop chugging oil down and higher prices forces people to conserve.

'course, it also hurts more the poorer you are...

[Disturbed]

27. The price of gasoline & diesel has a wide effect on the price

of food & other commodities. Something has to be done to lower the cost.
What can Govt. do about it?

[NewJeffCT]

26. Most certainly - because the weak dollar policy will no longer be in effect

The rest of the world hasn't seen a huge increase in gas prices - it's mostly because of the dollar's weakness that the price of oil has increased so much.

Since early 2001 when Bush took office, the dollar has declined over 70% in value vs the Euro.

[depakid]

30. Prices have still increased

ask anyone abroad if they monetary policy's at fault in their countries.

[madrchsod]

29. depends how fast we can restore the dollars value

and restore the people`s trust in the financial system.

http://www.progressivehistorians.com/2007/11/bill-clintons-role-in-mortgage-crisis.html
Progressive Historians: History For Our Future

[tom_paine]

31. Gas prices will go down in a few months. Roughly June or Aug. until "election"

just like it has every opther even-numbered year.

face it. Imeprial Amerika is now wholly and openly a criminal organization.

We the People have NOTHING left to fall back on as protection, except for the wretched remnants of the Old American Republic that are being eradicated as quickly as possible.

[CatholicEdHead]

32. Probably right

They are making up for it so they can charge less later and charge more come next winter.

[tom_paine]

33. Bingo. Standard Bushie Operating Procedure. n/t

[ileus]

34. Only if a pandemic kills off the Chinese and Indians.