Do you think that Bush is behind the spike in gas prices? Why or why not?

Question

it may sound like a conspirsy but think about it......we go to war with the very countries that supply us with oil.....Americans NEED gas....that is almost our only means of transportation.....and he hasn't been a very trust worthy president....so?

Answer 1

Of course he is, his family has been in the oil business for decades. Plus the fact that he's on a hand holding basis with the Saudi Royal Family doesn't hurt either

Answer 2

NOOOOO!!!!

This is economics 101, supply and demand. Demand goes up for oil every single year domestically and especially globally. This means price will continue to increase and profits for oil companies will continue to increase. There are only two ways to lower the price on oil: 1. Increase supply 2. Lower demand. Although OPEC has claimed otherwise, incidators r suggesting that OPEC is at near capacity. What does this mean for the future? Unless countries start using alternative forms of eneregy to lower demand, price will continue to increase.

It should also be noted that risks is calculated into price as well which is why many people are weary of an attack on Iran. Iran has the power to reduce production, thus, lowering supply andincreasing risk. What does this mean? Gas prices we never imagined.

If you want to blame one person or gorup of people on the cost of oil, you must blame consumers. In the 80's it was the staton wagon, in the 90's it was the minivan, and now it's SUV's. When you consider the MPG decrease of the favored vehicle as described above with the increase of population, and increase environmental regulaton, it is clear why prices are so high.

No matter what your political beliefs, GWB did not cause Katrina, 9/11, and oil prices; For those of you we belief that, good riddence, you're gonna have a long and ignorant life.

I hope I made a difference in someone's life today :)

Answer 3

There is no mystery whatsoever about gas prices. The price of gas is controlled by the price of futures for sweet light crude oil. The chinese are currently buying up huge amounts of a different type of oil that we don't use in our industry, probably because they are worried about the instability with Iran (their biggest supplier) and want a stockpile so their economic development and economy don't collapse if Iran suddenly stops exporting due to war or some other reason. The fact that so much oil is being bought makes prices rise. Not only the type of oil being bought by them but also all types of oil, ours included. As futures prices rise, so do gas prices. Once the chinese have a comfortable stockpile they will buy much less and the bottom will drop out of the oil market.

And as far as Bush being a trustworthy president, I'd like to point out that congress recently discussed the evidence about WMD in Iraq and it turned out that everything Bush said about Iraq has turned out to be true. Meanwhile, it ALSO turns out that the liberal politicians who accused Bush of lying, KNEW IT ALL ALONG. They had access to classified data that the rest of the country did not, that documented all of this. They knew what those documents said, yet pretended otherwise. Now, those documents have been declassified and their LIES have been revealed. Not only did the liberals lie through their teeth in order to decieve the american people and turn the world against us, but they were hypocritical about it, aggressively smearing the character of our president.

Truly, they are worthless scum. And they are soon to be voted out of office. Good riddance.

Answer 4

As much as I wish we could blame him, he's not the reason why gas prices are as high as they are. Although it could be argued that his adminstration should have seen the rise in demand from China and India as well as increased demand here and lobbied the oil companies to increase production capabilities, the real problem is the lack of refineries in North America. We can get the crude, but we can't refine it fast enough with the current facilities we have to meet demand, thus prices increase.

Only when more refineries are build as well as a serious investment is made in alternative energies that will eventually replace gasoline will we see gas prices start to go back down significantly. I'm afraid we're stuck with high gas prices for the foreseeable future.

Answer 5

No, Bush is not behind the spike in gas. The limited number of refineries is the problem. Katrina knocked out a few of them in the south, and we're running low on refineries. Also, wars in the middle east usually spike oil prices. In 1991, when the United States invaded Kuwait, oil doubled.

Answer 6

There seems to be no problem that cannot be bent to place the blame on Bush these days. He is not that good to be that bad!
The Arab world is not our greatest supplier of crude by a long shot these days by the way. Saudi Arabia ranks at #7 as the first Middle Eastern country on our list of suppliers.
Lack of refining capacity & aging refineries (< Enviro regs, etc,) ever increasing expense to meet new fuel blending regulations for 2007(< Enviro regs again), and huge demand from China & India are some very important factors. Greed counts heavily as does consumer wastefulness.

Answer 7

fairly good, but complicated question:: many folks have different opinions on the subject. the reality is that whether or not the man is directly reponsible for the doubling of the price of gas since he took office! the fact remains that is the man in charge and anyone that has ever had any kind of responsibility knows that if things go badly the one in charge has to take the heat for it!! if i am to blame anyone it is the man in charge of the county and that is ole georgy!! he doesnt seem to want to so anything about it except to say we are addicted to oil???????? hell i could tell a crack addict the same thing, but what in the hell am i going to to to help that person?????????BUSH HAS DONE NOTHING BUT HELP HIS OWN INTERESTS AND HIS OIL BUDDIES THAT HELPED HIM STEAL TWO ELECTION AND WE ALL WILL CONTINUE TO PAY FOR IT WITH WARS AND HIGH GAS PRICES UNTIL 2008!!!!!!!!!!!!!!!!!!!

Answer 8

no he is not behind a gas spike well the libs haven't allowed us to add more drilling for oil in the U.S we haven't made a refinery in 30 years

Answer 9

I think Bushy is also behind higher cereal prices, the high price of pure vanilla extract, and he drives up the price of oranges by not preventing frost from affecting the orange groves in Florida at the most inopportune times.

.........and that's not all for which I hold him personally responsible.

Answer 10

He could be but I think he only does what he's told to do by the large oil cooperation's . They don't want him to do anything stupid , like lowering the prices