Obama's Gas Price Effectiveness in Political Science Forum

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Obama's Gas Price Effectiveness

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Strange Brew eh		#41	[url]	[-]
Posts: 5939 May 25, 2012 5:07 PM	Remove this ad Oooh, it gets better. Anybody remember when Obama got tough on Oil Speculators... http://money.cnn.com/2012...il-speculators/index.htm Yep. Nothing but hot air. CME doing the opposite of last year when they hiked margins in the face of rising prices has now decreased the margin requirements. http://www.cmegroup.com/t...ng/files/Chadv12-221.pdf Good, I love the schtick of Sackman. I don't know who it is but its funny.
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ThisCharmingFan		#42	[url]	[-]
Posts: 13550 May 25, 2012 6:46 PM The disputatious one	Keep hating Strange. Meanwhile gas is so cheap I'm running my suv in the driveway with ac on and the windows down. Thanks Obama!!!!
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Strange Brew eh		#43	[url]	[-]
Posts: 5939 May 25, 2012 9:37 PM	I don't hate. That's for the left. Hate W, Walker, anybody who is rich. I just like to tweak combad who has been silent on this issue now that oil is going down.
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BigAppleBucky		#44	[url]	[-]
Posts: 10755 May 25, 2012 10:51 PM	If the right wing Israeli government and the Republicans get together and start some sabre rattling, we might see another jump in oil prices. Obviously, other than jaw-boning and avoiding another war, Obama (or any president) can do little to reduce prices. {In response to Danno's comment} I'd think low gasoline prices would tend to indicate a recession and therefore tend to be an unfavorable indicator for an incumbant president running for re-election. Gas prices were very high back in the summer of 2008 (higher than the peak this past spring), but then fell rapidly as the economy went into the crapper. Gas was incredibly cheap by January 2009. Perhaps a rapid spike as in 1979 might be bad for a sitting prez. Edit: A president also could release oil from the strategic reserve, but that would be incredibly stupid, IMO. Remember when teachers, public employees, Unions, Planned Parenthood, Acorn, NPR and PBS crashed the stock market, wiped out half of our 401Ks, took trillions in TARP money, spilled oil in the Gulf of Mexico, gave themselves billions in bonuses, and paid no taxes? * * * Me neither. Edited 1 time by BigAppleBucky May 27, 2012 5:48 PM.
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likewhoa123		#45	[url]	[-]
Posts: 4112 May 25, 2012 10:59 PM	Strange Brew eh wrote: I don't hate. That's for the left. Hate W, Walker, anybody who is rich. Great point! "I have sex 2 or 3 times a day, every day (no lie)- but it is always with myself." - AbeFroman
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Danofiveo	TCF, tip your flat-brimmed cap to brave Americans this weekend...salute them!	#46	[url]	[-]
Posts: 12726 May 26, 2012 7:35 AM Gobbz's biggest fan	LeBrick bought his mama 5000 gallons of Miami Kush Unleaded, then his mama's mama, then his Canadian doctor who helped create Mount Mandible...gas is only $4.19/gallon here in the lovely county of Cook. It ain't coming down until September 15, when Baroque O starts his push to keep Mormonism out of our White House. By the way, Kohl's now carries magic underwear in 3 sizes--- Minnesota is Native-American for BAD AT FOOTBALL...
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DCBadger7		#47	[url]	[-]
Posts: 10457 May 29, 2012 8:34 AM Blissfully Disinterested	ThisCharmingFan wrote: Lot of irrelevant info DC. Nobody on this board is implying that they have peaked. Cali: Weak argument. Yanked weak. You are better than that. The bump was in ref to Slimm's post. Read it again. That is all. You want to expand it. It is memorial day and prices are down. Why can't you be happy for America?!!! Hurricanes, Iran, etc.: Keep your fingers crossed!!!! When you say 'down' I suspect you really mean they've been on the decline of late, because prices are not down compared to what they were 1, 2 or 3 years ago at this time. Relevance of Cali is limited if you don't live there. Several posters on this board do, hence one of the reasons why I referenced it - along with the fact there is such a HUGE and growing disconnect between CA prices and the US average. Not to mention prices there are higher than they were 1 month ago. CA vs. US prices: The Last Month The Last 3 Months The Last 6 Months This tracking chart is a great tool to see how your state/locality compares to other places. It's been interesting to add in a 3rd data point - several states are at or below the US average, while some other notables are well above average. Illinois, for example, also is higher than the national average and has seen some interesting microtrends over the last few months. Point is 'high' gas prices aren't over, especially if compare to 2011/10/9 prices. Slow declines are good - who doesn't want prices to be as low as possible? But there are factors lurking that can and will influence prices over the next several months.
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Slimm21		#48	[url]	[-]
Posts: 12769 May 29, 2012 10:02 AM I've paid for bottle service	who doesn't want prices to be as low as possible Block and others on the board that want mass transit? TCF, I have until labor day, re-read my post. FYI, summer starts June 21st.
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PBRmeASAP		#49	[url]	[-]
Posts: 3751 May 29, 2012 11:18 AM Heineken!?! Fuck that shit! PABST BLUE RIBBON!!!	DCBadger7 wrote: ThisCharmingFan wrote: Lot of irrelevant info DC. Nobody on this board is implying that they have peaked. Cali: Weak argument. Yanked weak. You are better than that. The bump was in ref to Slimm's post. Read it again. That is all. You want to expand it. It is memorial day and prices are down. Why can't you be happy for America?!!! Hurricanes, Iran, etc.: Keep your fingers crossed!!!! When you say 'down' I suspect you really mean they've been on the decline of late, because prices are not down compared to what they were 1, 2 or 3 years ago at this time. Relevance of Cali is limited if you don't live there. Several posters on this board do, hence one of the reasons why I referenced it - along with the fact there is such a HUGE and growing disconnect between CA prices and the US average. Not to mention prices there are higher than they were 1 month ago. CA vs. US prices: The Last Month The Last 3 Months The Last 6 Months This tracking chart is a great tool to see how your state/locality compares to other places. It's been interesting to add in a 3rd data point - several states are at or below the US average, while some other notables are well above average. Illinois, for example, also is higher than the national average and has seen some interesting microtrends over the last few months. Point is 'high' gas prices aren't over, especially if compare to 2011/10/9 prices. Slow declines are good - who doesn't want prices to be as low as possible? But there are factors lurking that can and will influence prices over the next several months. How about you compare them to Mid-2008 before the great recession? I think you'll find the current prices below those. As I'm sure you're aware gas prices are tied very closely with demand as the world economy recovers prices will rise with the greater demand. It's an absolute paradox. The bacon must have been finished, thus disallowing the possibility of 'leftover'. And yet, were that impossibility to occur, surely it would be good. -LeviBooth
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ThisCharmingFan		#50	[url]	[-]
Posts: 13550 May 29, 2012 1:23 PM The disputatious one	Remove this ad Slimm21 wrote: who doesn't want prices to be as low as possible Block and others on the board that want mass transit? TCF, I have until labor day, re-read my post. FYI, summer starts June 21st. Of course you do. But, the likelihood of a huge spike followed by a decline on Labor Day is about the same as me banging Kate Upton.
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DCBadger7		#51	[url]	[-]
Posts: 10457 May 29, 2012 1:41 PM Blissfully Disinterested	PBRmeASAP wrote: How about you compare them to Mid-2008 before the great recession? I think you'll find the current prices below those. As I'm sure you're aware gas prices are tied very closely with demand as the world economy recovers prices will rise with the greater demand. Because the discussion in this thread is about Obama's 'effectiveness' on gas prices. Thus, it seems logical to look just at the price trends during the course of his administration. Of course, if you look state by state, you'll find some states actually have comparable or higher gas prices as they did at this point in 2008 (before the economy went in the crapper). California, for example, actually has higher prices now than in May 2008. Other states are 20-30 cpg lower today than this point in 2008. Here's a chart showing the gas price trend for the US, CA and Illinois (Obama's home state and home to many Buckyvillians): 4 Year chart
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ThisCharmingFan		#52	[url]	[-]
Posts: 13550 May 29, 2012 1:48 PM The disputatious one	DCBadger7 wrote: PBRmeASAP wrote: How about you compare them to Mid-2008 before the great recession? I think you'll find the current prices below those. As I'm sure you're aware gas prices are tied very closely with demand as the world economy recovers prices will rise with the greater demand. Because the discussion in this thread is about Obama's 'effectiveness' on gas prices. Thus, it seems logical to look just at the price trends during the course of his administration. Of course, if you look state by state, you'll find some states actually have comparable or higher gas prices as they did at this point in 2008 (before the economy went in the crapper). California, for example, actually has higher prices now than in May 2008. Other states are 20-30 cpg lower today than this point in 2008. Here's a chart showing the gas price trend for the US, CA and Illinois (Obama's home state and home to many Buckyvillians): 4 Year chart No, that isn't what this thread was about. It was a thread mocking the GOP for linking control of gas prices to Obama. And, since prices have dropped i would expect GOP members of this board to acknowledge his limited success. This thread was revived by me as a jab at Slimm. You have attempted to change what this thread is about.
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Slimm21		#53	[url]	[-]
Posts: 12769 May 29, 2012 1:50 PM I've paid for bottle service	This thread was revived by me as a jab at Slimm 3 months premature dude.
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ThisCharmingFan		#54	[url]	[-]
Posts: 13550 May 29, 2012 1:56 PM The disputatious one	Slimm21 wrote: This thread was revived by me as a jab at Slimm 3 months premature dude. Not really. You said hit a spike and then go down around the 4th of July or Labor Day. So far, no spike. Your prediction looks awful. Maymon has a better chance of going to the NBA then you being right.
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Slimm21		#55	[url]	[-]
Posts: 12769 May 29, 2012 1:58 PM I've paid for bottle service	We'll know in 3 months.
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ThisCharmingFan		#56	[url]	[-]
Posts: 13550 May 29, 2012 2:01 PM The disputatious one	You said probably July 4th. That was your main prediction. We know now. There has been no spike.
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PBRmeASAP		#57	[url]	[-]
Posts: 3751 May 29, 2012 2:02 PM Heineken!?! Fuck that shit! PABST BLUE RIBBON!!!	DCBadger7 wrote: PBRmeASAP wrote: How about you compare them to Mid-2008 before the great recession? I think you'll find the current prices below those. As I'm sure you're aware gas prices are tied very closely with demand as the world economy recovers prices will rise with the greater demand. Because the discussion in this thread is about Obama's 'effectiveness' on gas prices. Thus, it seems logical to look just at the price trends during the course of his administration. Of course, if you look state by state, you'll find some states actually have comparable or higher gas prices as they did at this point in 2008 (before the economy went in the crapper). California, for example, actually has higher prices now than in May 2008. Other states are 20-30 cpg lower today than this point in 2008. Here's a chart showing the gas price trend for the US, CA and Illinois (Obama's home state and home to many Buckyvillians): 4 Year chart Look at the highlighted part in your post. A disingenuous attempt to pin the mark at the lowest fuel prices have been for several years due to the great recession. Gas prices as late as October 2008 were just as high as they are today. I believe the thread was actually a tongue-in-cheek reference to those who blamed the (short lived) spike in gas prices on Obama. I'm sure you understand demand is the primary driver of the price of a global commodity, not Presidential policies. Demand was very low at the start of the great recession and it has increased substantially since then, more or less in tandem with the global recovery. Americans including Obama have done their part by lessening oil demand and by greater use of domestic energy (US now a net exporter). But there is only so much we can do in a global market to swing gas prices (which is not much at all really). If you want to blame high fuel prices on something, put the blame where it belongs, the global economy. It's an absolute paradox. The bacon must have been finished, thus disallowing the possibility of 'leftover'. And yet, were that impossibility to occur, surely it would be good. -LeviBooth
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Strange Brew eh		#58	[url]	[-]
Posts: 5939 May 29, 2012 2:40 PM	The funny thing about this thread is the democrats think this is funny. Gas demand is decreasing due to reduced demand which is not good for the Obama reelection campaign. However, in my looking at economic indicators I get conflicting data. Home sales and auto sales are actually improving materially. They are usually lagging indicators yet without them the economy is really struggling. ESRI is actually stating that we are going into a recession. They are usually pretty good as they get 2 recessions out of every 3 calls. Ha. Yet, inventories are rising faster than sales for companies such as Deere and Especially CAT. I think China is slowing much more than the official numbers. Yet, casino #s in Macau are still ridiculous and growing fast.
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DCBadger7		#59	[url]	[-]
Posts: 10457 May 29, 2012 3:05 PM Blissfully Disinterested	PBRmeASAP wrote: Look at the highlighted part in your post. A disingenuous attempt to pin the mark at the lowest fuel prices have been for several years due to the great recession. Gas prices as late as October 2008 were just as high as they are today. I believe the thread was actually a tongue-in-cheek reference to those who blamed the (short lived) spike in gas prices on Obama. I'm sure you understand demand is the primary driver of the price of a global commodity, not Presidential policies. Demand was very low at the start of the great recession and it has increased substantially since then, more or less in tandem with the global recovery. Americans including Obama have done their part by lessening oil demand and by greater use of domestic energy (US now a net exporter). But there is only so much we can do in a global market to swing gas prices (which is not much at all really). If you want to blame high fuel prices on something, put the blame where it belongs, the global economy. Maybe try reading all of my posts in this thread before you dismiss what I wrote as being disingenuous. The simple fact is if the price of gas is going to figure into how Americans feel about Obama and whether he deserves to be re-elected, then the relevant period to look at is 2009-2011. Of course I would fully expect Obama's team to point out the mitigating factors that drive gas prices and broaden the historical context. But the debate starts with gas prices have done during Obama's time in office. It's clear the point of this thread is different for different posters. I'm not going to argue over this, or some of the other dubious claims made in your post and by others in the course of the thread. It's a free country and folks can believe what they want to. Gas prices are a fickle thing and they fluctuate for a lot of different reasons - the price of crude oil is the biggest single driver. These are global commodities, but don't make the mistake of thinking what happens locally in the U.S. doesn't impact gas prices.
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PBRmeASAP		#60	[url]	[-]
Posts: 3751 May 29, 2012 4:59 PM Heineken!?! Fuck that shit! PABST BLUE RIBBON!!!	Remove this ad DCBadger7 wrote: PBRmeASAP wrote: Look at the highlighted part in your post. A disingenuous attempt to pin the mark at the lowest fuel prices have been for several years due to the great recession. Gas prices as late as October 2008 were just as high as they are today. I believe the thread was actually a tongue-in-cheek reference to those who blamed the (short lived) spike in gas prices on Obama. I'm sure you understand demand is the primary driver of the price of a global commodity, not Presidential policies. Demand was very low at the start of the great recession and it has increased substantially since then, more or less in tandem with the global recovery. Americans including Obama have done their part by lessening oil demand and by greater use of domestic energy (US now a net exporter). But there is only so much we can do in a global market to swing gas prices (which is not much at all really). If you want to blame high fuel prices on something, put the blame where it belongs, the global economy. Maybe try reading all of my posts in this thread before you dismiss what I wrote as being disingenuous. The simple fact is if the price of gas is going to figure into how Americans feel about Obama and whether he deserves to be re-elected, then the relevant period to look at is 2009-2011. Of course I would fully expect Obama's team to point out the mitigating factors that drive gas prices and broaden the historical context. But the debate starts with gas prices have done during Obama's time in office. It's clear the point of this thread is different for different posters. I'm not going to argue over this, or some of the other dubious claims made in your post and by others in the course of the thread. It's a free country and folks can believe what they want to. Gas prices are a fickle thing and they fluctuate for a lot of different reasons - the price of crude oil is the biggest single driver. These are global commodities, but don't make the mistake of thinking what happens locally in the U.S. doesn't impact gas prices. Again, I guess I think it is interesting to play the game where gas prices were $4 a gallon in October of 2008 and $2 a gallon in January of 2009. Now that prices have returned to pre-recession levels the $2 rise is on Obama? That is certainly how Republicans will try to frame the debate, but it more indicative of a talking point as opposed to real analysis. It's an absolute paradox. The bacon must have been finished, thus disallowing the possibility of 'leftover'. And yet, were that impossibility to occur, surely it would be good. -LeviBooth
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