When gas prices eventually fall, will the people blaming Bush for high prices applaud him for lower prices?

Question

It goes without saying that the President does not control gas prices. Only an infant would think such a thing. However, there are still those who believe this sillyness and constantly pound the President. Eventually the prices will fall again and I wonder if these folks will give the credit to Bush when the prices fall with the same enthusiasm they blame him for the high prices.

Answer 1

Of course not. I am just laughing (as I always do) about all this gas price hysterics. I always ask these questions and never get an answer from the "cheap gas is my birthright" crowd:

1. If the oil companies can fix prices, why didn't they do it in 1997/98 when oil prices collapsed to around 10 bucks a barrel?

2. Whenever there's a gas price spike oil industry execs almost always get dragged in front of congress and drilled, yet nothing is ever found of course. Why would this be any different?

3. Al Gore proposed a 50 cent gas tax to encourage conservation, which presumably got a thumbs up from his supporters. When market forces drive prices higher and encourage conservation, people whine. Why?

Answer 2

I do not blame the President for high gas prices...I do, however, have a few questions:


1. Why, after all these years, despite numerous Freedom of Information Act Requests, are the notes from the Vice President's "Energy Task Force" still not public, and why were so many energy company officers part of the task force. Essentially, why is US Energy Policy being developed by US oil interests?

2. Why are not more incentives being given to automakers to produce cars that run on alternate fuels, to include biodiesel, which (in my opinon) is a better alternative to ethenol.

3. Why are not SUVs and other gas guzzlers more heavily taxed? If it's all about supply/demand, wouldn't dinging the vehicles that draw more heavily on the supply be a logical course of action? I would rather see a tax on an "excess" such as a huge-*** SUVs than a tax on a necessity like food (which I have to pay in Kansas).


Anyway, the whole gas thing is very frustrating, and I don't lay blame at one party's feet or another...What bothers me, though, is that when I first bought my pickup in 1998, I was paying (at an all time low) .89 cents/gallon for gas at the "Fuel Outlet" in Wichita...The increase in demand for gasoline is not the fault of the Republicans, but it seems to me that in 4-5 years since gas really started going up, the government would have provided enough initiative to the automakers to really come up with a better alternative...My next car will be the plug-in Toyota Prius, when it comes out in a few years...Why has GM not beaten them to the punch, though?

Answer 3

While the president does not directly control gas prices, there are things he can do about it. First, there is the strategic oil reserve he could release. Second, there is the justice department which he could use to investigate the obscene profits of the oil companies, (currently at $40 per barrell of oil,) and whether gouging is going on. If he does either of those things, I'll give him credit.

Answer 4

Oddly enough, I disagree with you. The President is from Texas and his father made money out of oil. The Veep is the former CEO of one of the world's largest oil field service corporations.

Ronald W. Reagan kept the oil price down to starve the Soviets. It worked, but his Veep - Bush I - tried to stop him by speaking to the Saudis. Reagan is said to have rebuked him for trying to undermine the policy that proved so successful.

You should look at the purchases for the Strategic Petroleum Reserve.

You should also look at the maintenance of these lunatic EPA restrictions that have stopped any growth in refinery capacity and have specified geographical formulas for gasoline, further restricting capacity. Admittedly, this is a sin of omission.

The increased prices do spur conservation, but they make Putin more dangerous.

I do not think that it would be any different if the Democrats had been in, but if Reagan had been in, it would have been completely different.

Answer 5

My theory and only theory. But I do believe that Bush and other politicians do what they do (get into politics) to line their pockets. Bush, Cheney, Bush Sr., etc., do own stock in oil companies and the oil companies reported the largest profit ever for '06 and again for the first 1/4 in '07. Now a barrel costs like $62 right now; when it was $75/barrel last summer, gas in my area had a high of $3.09, but right now it is $3.45. Now although I do feel the war is required, war is business (money) and oil is part of that business.

Answer 6

No, they will not, they will credit someone else for it! Bush would never be lowering the prices he worked so hard to raise. I can not believe the people who believe he has anything to do with the price of gas.

How would anyone else feel right now if they owned some shares of the oil industry?

Answer 7

AND, only an infant would believe that gas prices will not go up much higher and, when they finally DO fall from high levels back to where they are now, it will seem like a bargain.

Answer 8

They are not ever going to fall again to a significant degree. I would count on gas always being over 2.00 a gallon for the forseeable future. I don't blame Bush for gas prices, just all the other catastrophic mistakes he has made. Then again, for the last two State of the Union addresses, he has talked about ending our dependence on oil....what has he done?

Answer 9

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Answer 10

You're delusional if you think gas prices are going to fall. This is just the beginning. I suggest you put on your seat belt and hang on for the ride. Gas prices will only get higher. There are plenty of people like yourself still living in denial and still driving around in their Hummer. Get use to it. Can you say $4 to $5 per gallon?