Watchhttp://money.cnn.com/2011/08/18/news/economy/bachmann_gas_prices/?iref=NS1
President Michele Bachmann has a promise: $2 gas.
"Under President Bachmann you will see gasoline come down below $2 a gallon again," Bachmann told a crowd Tuesday in South Carolina. "That will happen."
Sure, politicians promise all kinds of things on the campaign trail. But Bachmann, a leading contender for the 2012 Republican nomination, is wading into truly tricky territory.
The price Americans pay at the pump is tied to the crude oil market -- a global system largely beyond the reach of Washington.
That's right President Bachmann, don't listen to those naysayers. Oil is not propping up the recovering sluggish economy, it's the other way around. And the Price of Oil is NOT beyond America's control.
I watch the market probably more closely than anyone.
Oil goes down when America is sleeping, then by morning when Wall Street wakes up, it is artificially pumped back up. The Oil companies with their record profits can afford to buy back all of the futures that was sold the night before. 80% Oil price inflation have been, the direct result of Americas price manipulation efforts for three years now.
The whole world knows it. Our Propaganda ministries spin the revolts in the middle east and the horn of Africa as a Democracy movement. When in fact they are desperate people that are willing to face the fate of battons and bullets, to end the economic hardships that high Oil prices put on their food supply.
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Yeah ETHANOL! How about that Bachmann? I hear a lot about hating tree-huggers and the EPA, but strangely no ACTION on cutting the ethanol money-hole. Oh right some of that money goes to corn farmers in your state.
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I'm still voting for Ron Paul. I see this as Americas last and only chance to make the right choice.
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I cannot say I care for the underclass clogging the streets with their shitty automobiles. I grow weary worrying that these crap Mercedes, BMWs, and Lexus driven by the peasants will door ding one of my Bugatti Veyrons when the valet parks it.
Gas should be $100.00 a gallon. The underclass does not need to drive unless they are a serving as a chauffeur for a gentleman of stature and merit such myself.
Are any candidates promising to raise gas prices? Americans are so disgustingly obese that they should all be walking. They do not need cheap gas to motor their fat asses around town.
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ToT, Maybe you should take your gas can and fill it in Cushing. Crazy world we live in... someone call The Boss, they're building steel mills in Youngstown.
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Huntington Moneyworth III, Esq says
There we go with picking on Lard Ass, that's getting old to.
Fact, 2008 populous Lemming word kibble will be Obama and the Liberal's undoing in 2012. So pull out that old trunk of 2008 one liners and zingers, and ramp up the sanctimonious Liberal sanctioned Racism, Discrimination, and infringement.
People tolerated that Shit in 08 because they thought "Hey maybe they are on to something, maybe this guy will change things, perhaps they know something we don't" They were afraid to be on the wrong side of History, so they tolerated the sheer stupid shit about their brother, sister, father, and neighbors, just in case.
It turns out they Picked on Lard ass for nothing, Sure Fatty needs to lose weight, but guess who's getting fucked in the Ass regardless, how many pounds lil Abner weighs.
Sure that Sarah Palin was a whacky woman with some crazy kids, and so are you and your brats. Those Alcoholics should pay through the nose for their drinks, and so should you.
Under Obama's administration Airline employees disrespectfully chastising customers over their weight is just business as usual, it's how business is done. Obama can't get the Hispanic vote, so he's calling Ice on them, just got word HLS is set to deport 300,000.
You Libs are so far off base, you must see Ronald Regan's evil Clown twin you look in the Mirror.
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Tenouncetrout says
So, he's calling ICE on voters? That should work really well. "Actually I'm a US citizen." "But why'd Trout tell me to deport your ass?"
Tenouncetrout says
You're not reading very well -- here is the article in context:
http://www.cnn.com/2011/POLITICS/08/18/deportation.reviews/
What it says is that DHS will be reviewing cases to prioritize them because the docket is busy, focusing on convicted felons. It essentially says they will continue to use prosecutorial discretion for DREAM Act-eligible folks.
Anyway, who even knows what your point is on half of this stuff -- you're just babbling nonsense most of the time and throwing in "Lib" every once in a while when you think it's been too long since the last time. Have you ever expressed any coherent philosophy here?
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corntrollio says
Sure every thing that leads up to the "Libs suck" part.
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Tenouncetrout says
Now I understand why you're voting for Michele Bachmann. You're just as insane as she is.
August 6th 2008 article about airlines and overweight passengers that you somehow think is Obama's fault:
http://www.smartertravel.com/travel-advice/some-airlines-may-make-obese-passengers-buy-two-seats.html?id=2644439
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iwog says
that was the height of Obama's campaign and was a glimpse of what was to come.
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Southwest started charing obese pasengers for an extra seat in 2005. I guess that is Obama's fault since that is when he was first elected to the U.S. Senate?
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Obama is going to deport Hispanic voters? Really? Well, then that is a HUGE problem, because it means one of 2 things:
1. Obama is going to deport US citizens
2. Illegal aliens unlawfully registered to vote
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Tenouncetrout says
That's fucking brilliant. Obama's campaign caused airlines to charge fat people for an additional seat. Never mind that these policies had been in place for years prior, it's still his fault.
You and Michele Bachmann certainly deserve each other.
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SARS broke out under Bush.
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HousingWatcher says
And the 1970's swine flu broke out under Ford in 1976.
Bachmann is so stupid, she can't even get her bullshit right.
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leo707's website
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iwog says
Yes... it is all starting to make sense.
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iwog says
NO they hadn't that was CHANAGE Obama ushered in.
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I can see gas prices falling dramatically to $2. I don't know how much the President can control that though.
Yes, they could change the course of the EPA. However, the root cause of price increases at the pump is not the price of oil. It's the regulatory environement among the states that dictate the 30 some odd fuel blends that refineries must produce. It's a supply side constraint that increases the chances of supply disruptions due to the varying blends they are mandated to refine.
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TSA groping children in the airport making them cry?
Obama's watch!
TSA Xraying your Junk?
Obama's watch!
Traffic Light Cameras tickets in the Mail?
Obama's watch!
Can you tell me how to get to America?
Yeah go to the voting poll and make a Right.
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Tenouncetrout says
These all started well before Obama's Watch. Especially the red light cameras and the TSA groping. The Xraying of your junk was approved during Bush but only implemented during Obama; Chertoff got a job as an executive at Rapey-scan
PS Not that Obama has done a lick to roll back this stupidity though. Where is our stiff upper lip? Like, damn the terrorists, I am going to fly without being felt up and devil may care on those bastards.
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red light cameras aren't a federal issue. it's state politicians whoring out as usual.
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CHANGE! Change! Change!
Yes we can fuck up the country!
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wtfcapinv says
just your typical anti-government bullshit, as usual.
the price of gas is what it is.
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wtfcapinv says
BS. Refining cost is not the driving factor for gasoline. It is approximately 12% of the cost, and as expected the biggest line item is the cost of crude at 62%:
http://www.eia.gov/oog/info/gdu/gasdiesel.asp
Also, there are 17 blends in the US according to the API:
http://www.api.org/aboutoilgas/gasoline/gasoline-octane.cfm
There are two regulatory major environments for wide-scale gasoline regulation: US and CARB. Most states are on the US EPA standard, but 13 states plus DC have adopted CARB for motor vehicle emissions, particularly in the Northeast. The EPA will adopt CARB standards for light duty motor vehicles in 2016. The EPA standard has "regular" gas and "reformulated" gas (that which tends to be used in urban areas for emissions purposes). There are a few state regulations that apply, but a large number of these regulations are complied with through additives and do not affect the refining process at all.
There are 5 major factors that are regulated on a state or national level as to gas content, and 3 of them are dealt with through additives: 1) anti-knock additives to compensate for lack of lead, 2) oxygenation, and 3) detergents. Detergents and anti-knock additives are strictly national, not regional. Oxygenation can be state by state, but can be overridden by other regulations. None of these 3 types of regulations affect refineries in and of themselves, and 2 are national.
The other 2 factors must be considered at a refinery level -- a) RVP (Reid Vapor Pressure) and b) RFG (reformulated gas). In many areas, RFG overrides RVP (as it does oxygenation). RFG is either (i) national EPA standard in the areas that the EPA requires RFG use and for any area that opts in or (ii) CARB in areas that are under CARB. For RVP regulation, which can be state by state, that means we are talking about places that are not part of the RFG scheme and are not part of the CARB scheme (not in California or the other states that use CARB standards).
What you are talking about with the blends doesn't always have much to do with refineries. What it does have to do with sometimes are the regulatory environment for additives and other factors that must be considered such as temperature, what time of year it is, what's available locally, and the incoming source of oil. For example, Midwestern states historically have tended to use more ethanol, but this is a combination of two factors: 1) ethanol is an oxygenate that can meet reformulated gas standards (but other oxygenates are allowed in some cases), 2) ethanol is prevalent in the Midwest so some states suggest it as the oxygenate.
Various things can cause supply disruptions in the US and raise costs. Each refinery is tailored to use a particular type of crude oil because not all crude oil is the same. Where the oil is from makes a huge difference, and refiners spend a lot of time thinking about the inputs as well as the outputs. If there is a supply disruption of sweet crude from Texas, the refinery is not generally going to retool in the middle of a production run for certain types of Louisiana crude because that would probably be expensive. It takes approximately 2-3 months to plan for a production run, and the production run itself is usually 3-6 weeks.
What you are talking about -- that a particular refinery going offline because it produces a large amount one of the 17 blends -- is merely one of the many factors that can cause supply disruptions. Again, only two of the regulatory factors that affect refineries, one that overrides the other in many cases, and the other two are nationwide additive regulations.
I don't understand why people feel they can boil down a complex subject to a nonsense talking point. I found a good, but older (2004), article on this once, but I'm sure you could find more:
http://www.hks.harvard.edu/fs/emuehle/Research%20WP/Gasoline%20Content%20Regulations%202_05.pdf
There are lots of great resources on both the EPA site and the CARB site.
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They do affect the supply chain. The more variables placed in the supply chain from ground to pump is a catalyst pushing the price higher.
Only progressives need a thousands words to fluff their "intelligence".
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wtfcapinv says
Right, but you were talking about REFINERIES. Next time write a better comment that is based on fact.
wtfcapinv says
And again, you are talking about two specific shocks that occurred in supply. In a regularly functioning market, which is the substantial majority of the time, what you're saying has very little effect on gas prices. In fact, the article I sent estimates it on the less than 5 cents level. Furthermore, on certain systemic events, such as Katrina, the EPA has temporarily loosened restrictions to avoid these shocks.
wtfcapinv says
I just used Microsoft Word to check -- it was 669 words. I don't know what my comment has to do with being "progressive" (whatever that means) at all. Do you see any ideology mentioned at all? If so, what ideology? One that knows something about oil refineries? Maybe you should join that ideology!
What is wrong with intelligence? You claimed to know something about refining, but you actually don't, and I corrected you. Do you instead think of being dumb as a virtue? Intelligent debate does not consist of 10-word answers that aren't true.
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corntrollio says
the righties aren't here to debate, they're here to spout their BS.
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Bellingham Bob says
How is that any different than what I told Iwog, that he chastised me about, that yipper there retorted by quoting and now you quoting him and calling it BS?
I think you guys think only you're allowed to be dismissive with one liners and zingers. But you expect us to break it down.
Oh bruddah!
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I bet She wants to overturn Obama care too.
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leo707's website
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Bellingham Bob says
Yep, it is all about obfuscation of facts and sowing of confusion.
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@TOT
>Have you drove your car after 7pm lately? I live in a metro area, it's like there's a Huricaine warning in effect after 7pm. No one is driving their cars more than is absolutely necessary.
Interesting.
@Troy
Thanks for the graph.
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leoj707 says
I agree.
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You still voting for Michelle Bachman?
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She's Done!
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Elephant's are strange.
Bachmann first, now Gingrich promise $2.50 gas
http://money.cnn.com/2012/02/24/news/economy/gingrich_gas_prices/index.htm#0_undefined,0_
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FortWayne, she'd get my vote if she could get 110 race fuel down to even $5 per gallon. I've got a '61 Pontiac bubbletop, 4 speed with a 465 stroker motor that needs plenty of octane : )
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TPB says
I was so hoping for Bachmann/Palin dream ticket.
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elliemae's website
bob2356 says
You can still dream about them:
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Wow, I may have to go abuse myself, although I would prefer Bachmann keep her eyes open.
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elliemae's website
if you abuse yourself enough, you won't be able to see if her eyes are open or shut. fyi
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Emeryville, CA
SFace says
The obvious path to victory in the GOP primary: Promise $1.99/gallon.