http://pleasantonweekly.com/square/print/2008/04/30/bushs-explanation-for-high-gas-prices-refuted


Town Square

Bush's explanation for high gas prices refuted

Original post made by Shelley, Downtown, on Apr 30, 2008

Yesterday in the White House Rose Garden, President Bush tried to explain that the reason for the high gas prices is because the supply is not meeting up with the demand. This is untrue. From Marketplace, Bush speaks, we read between the lines" Web Link:

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Comments

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Posted by Stacey
a resident of Amberwood/Wood Meadows
on Apr 30, 2008 at 10:14 am

The Feds can stop the drop in the value of the dollar and do something productive like encourage and protect wealth production. But hey, all our production jobs went overseas as we played nice consumer. Oops.


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Posted by Anne
a resident of Pleasanton Meadows
on May 4, 2008 at 9:48 am

WOW Shelley!!
What a "well-quoted" rant that was!!! I didn't know you had it in you! :) :) :)


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Posted by Shelley
a resident of Downtown
on May 4, 2008 at 11:52 pm

it's really hard to tell the difference between rants and news nowadays, isn't it? i'm glad my post was informative. :):):):):)


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Posted by Cholo
a resident of Livermore
on May 6, 2008 at 11:12 pm

I think the clergy raised the price of gas


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Posted by rod
a resident of Del Prado
on May 8, 2008 at 8:57 pm

Bush sounded like a 2 year old throwing a hissy fit, did he even answer one question. i cant wait to get rid of him


Like this comment
Posted by Bill
a resident of Vintage Hills
on May 12, 2008 at 8:33 am

Can this country survive until the next election?


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Posted by mike
a resident of California Somerset
on May 13, 2008 at 11:34 am

maybe we can hook a pipe up to cholo he seems to be full of enough hot gas to power the entire planet


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Posted by Reality
a resident of Pheasant Ridge
on Aug 23, 2008 at 5:39 pm

Thank goodness, the topic doesn't take into account growing global economies that are cutting into the supply of oil. I mean, we all know the rest of the world does not drive, especially the Chinese.

Two billion people with the fastest growing economy in the world have decided to skip cars and go straight to solar powered jet packs.

I love how the commentators sounds like the dumbest sub-humans on this planet by rejecting the concept of supply and demand, yet people believe them. Let's see, gasoline reserves increasing...could that be because people CANNOT afford ALMOST $5 per gallon gasoline?

Simple equation here:

NO MONEY TO BUY = less demand for product = increase in RESERVES BECAUSE THERE IS NOWHERE FOR THE GASONLINE TO GO.

QUOTE from EXXON EXEC? Well it's not like he has anything to gain from high gas prices due to limited supply. Certainly he is the greatest person to go to for evidence to support your claim. That's like asking a Pot-head if we should legalize weed.

New refining capacity: of course we are doing it right now, we should have been building for the past 30 years. Half million barrels new production a day, maybe another 100k, whew, looks like our problems are solved. I mean, it's not like we as a nation consume more fossil fuels that the rest of the world COMBINED. But a half million barrels more per day, yeah that'll do it. Ms. Shook's attempt at claiming new refineries have already been built is like picking a baseball team and saying, "I am telling you they are going to lose one day" and when it happens, saying "See, I told you so." Sorry Ms. Shook we aren't going to play that game.

Refineries cutting back in the US? What would you do as a business owner? You have a product that you used to sell 100 sets month. But for the past few months you are only selling 50 sets per month. Are you going to keep paying to make 100 sets per month or are you going to MEET...wait for it.........DEMAND!!!!

I don't know where this "expert" got her title of expert, because right now it seems like she got it out of a cereal box, I suspect Count Chocula (as that was my favorite cereal back in the day and it was always handing out PhDs and Masters degress...straight out of the box!!!).

And Shelley, drilling in Alaska will make it cheaper. Why? Because of...say it with me...SUPPLY and DEMAND. By the way, I just got a message from the 2 billion Chinese peeps...they want their gas...solar jet packs didn't work out real well.