Tag: gas prices

I DEMAND CONSENSUS!

Now that energy secretary Chu admitted during testimony to congress that this administrations actually understands what they are doing is going to jack up energy prices and will do nothing to mediate that, can we stop pretending that these people want high gas prices?

COMMENTARY | President Barack Obama’s Secretary of Energy Stephen Chu uttered the kind of Washington gaffe that consists of telling the truth when inconvenient. According to Politico, Chu admitted to a House committee that the administration is not interested in lowering gas prices.

Chu, along with the Obama administration, regards the spike in gas prices as a feature rather than a bug. High gas prices provide an incentive for alternate energy technology, a priority for the White House, and a decrease in reliance on oil for energy.

Yahoo is trying real hard to put a positive spin on this revelation, and Chu was forced this morning to recant on that admission, but those of us paying at the pump that are stuck with the pain, while our credentialed elite jet set and live large, now have proof we where right that was the plan from the start. Look, the left wants us off fossil fuels and dependant on the unproven, unreliable, and incapable of producing the needed energy technologies that their green bullshit initiatives will produce, while making these of them part of that insider lop – that’s people like you Al Gore! – stinking rich. We can now stop arguing if what they are saying means we are going to have to pay a lot more for energy, because in a candid moment we have the guy leading the effort to bring us these sky high prices admitting that’s the plan.

This is more of the same from the WH that claimed they had a “jobs” policy, only that policy seems to have been about protecting democrat constituents and their power. We need to do away with these people, and do so fast, unless we are content to have them set the standard of living for all of us not part of their special circle to tat of Bangladesh. Stop trying to get us off oil and making leftist investors in green energy rich, and give the people a damned break already. They are not doing this for our own good. Don’t believe that lie. This is so these poverty pimps can make astronomical amounts of money and gain even more intrusive and absolute power over the people. That’s the real driver here. It’s what’s behind all this green shit.

Gas prices are going up again.

NOTE: I wrote this post a couple of weeks ago, and then left it as a draft because I figured it would turn into another battle about AGW. However, the predictions I was making then seem to have born fruit, so I decided it was time to actually post it, focusing on the fact that this policy failed miserably.

Obama’s team, suddenly realizing that their belief expensive gas was awesome and a needed thing for the nation was not shared by the majority of people getting hammered by high gas prices, recently decide to open up the Strategic Reserve to try and stem the flood. Many, like me, where baffled by this move. Doing this now was way to early to affect any meaningful change to gas prices in anything but the immediate short term, and there was no way to release enough to carry that effect into the 2012 elections. More incomprehensible was the fact that they missed the point that it was almost a given this move guaranteed that they would cause an increase prices in the long term. Sooner than later they would have to replenish any oil released, and that massive demand against the same amount of resources, was only going to drive price up. This desperate and ridiculous move was sold as a big win, under the guise that the administration was broadcasting that it could do this at any time, thus hurting speculators badly, but to me it simply seemed to follow the same pattern of insanity that has been part & parcel of these people.

The left of course reported this as a brilliant move, as NPR did, while those that live in the real world and understand the basic principles of economics or what the Strategic Reserve’s function is supposed to be, pointed out this was for what it was. Some even predicted the short term drastic drop that would then quickly be followed by even bigger increases as the Jutia Group did here. And as they predicted, the prices dropped about $9 dollars a few days ago, but today started jumping up bigtime as the traders adjusted to the reality that this move wasn’t going to have much more than a brief impact on supply and was nothing more than a political ploy.

Those drops we saw in gas prices are not going to last too long it seems. That relief we just got at the pump doesn’t look like it is going to last too much longer. Hope you didbn’t change your traveling plan or budget, because high prices are soon to be back.

The above was my prediction over 2 weeks ago. It looks like I was right predicting that this stunt was going to fail miserably

Joke of the day

It’s ROFLtime:

Man comes home from work to find his wife dressed to the nines. “What’s going on?” he asks.
“We never go out. I want you to take me somewhere expensive tonight.”
They get in the car and begin driving. After a few minutes she turns to him and says “Where are we going?”
“Well, you said take you somewhere expensive, so we’re going to the gas station.”

Funny, right? Ha fucking ha. Hilarious. Have you paid for a tank of gas this week? If we’re busy fighting wars for oil, can we maybe, oh, I dunno, get some of it? Because this is killing me. And you. And business. And transportation. And food prices. And everything else that requires a plane, train, ship, car, truck or van to move it from A to B.

The joke is adapted from this month’s Playboy Party Jokes page, BTW. And as an aside, the auto-tag suggesting system recognized the “old joke” format of this thing and before I added commentary, it suggested ‘Allo ‘Allo and Benny Hill as tags. I was pretty impressed.

Some perspective

The left is furious at the news that ExxonMobil has declared an $11 billion profit for this past quarter. This comes at a time when gas prices are skyrocketing and everyone is feeling the pain, well, everyone except for the idiots that feel high gas prices are a great thing because they have others pay for it anyway. But this big profit windfall comes into perspective when you realize that it amounts to 2 cents per gallon they sold, while they also paid some $10 billion in taxes.

Compare that 2 cent profit to the markups and profits that companies make on bottled water, coffee, a college education, cars, or even your liberal’s favorite book, and you get the sense that while the numbers are large, its because we need so much of the stuff to keep a modern economy going. Two cents per gallon is far, far less than the god damned taxes we have to pay on energy, be it gas or heating oil, and yet, I hear way too few pissed at that. I was ecstatic after I heard the left get pissed about the oil industry’s huge profits, now I think this anemic return isn’t going to bump my investments that much at all.

You want to go after people that are fleecing us? Go after the liberal companies scoring billions in tax payer loot for marginal green technologies that will never be made viable like GE. Don’t stop there. Get pissed at the assholes in government that help them fleece us. I bet you will not be surprised what party they belong to when you do some digging. There is a reason our economy is in the dumps people, and contrary to the usual lies blaming Boosh!, the reasons are obvious.