LOGO
Reply to Thread New Thread
Old 03-14-2011, 03:46 AM   #1
FsQGF1Mp

Join Date
Oct 2005
Posts
516
Senior Member
Default Gas prices up 67% since Obama took office as Chevron profits surge 72%
Anybody who thinks this president is concerned over high gas prices is crazy.

This is the President that appointed a Secretary of the Interior that famously said he didn't mind if gas hit $10 a gallon. They're celebrating in the White House and in Al Gore's and George Soros' mansions. This is awesome! The higher the price, the better. They don't care what it does to you or your lifestyle. It's what it does for THEM that matters.

http://www.weeklystandard.com/blogs/...nt_553930.html

Hope and Change: Gas Prices Have Gone Up 67 Percent Since Obama Became President

That's compared to a 7 percent increase under Bush in his first 26 months.

6:00 PM, Mar 9, 2011 • By MARK HEMINGWAY

Ah, January of 2009. Hope was in the air, but more importantly, gas was under two dollars a gallon. Since then gas prices, have gone up 67 percent and it's an ominously upward trend. Interestingly enough, the Heritage Foundation also took a look at the first 26 months of Bush's presidency -- gas only rose 7 percent during that time frame.



Now obviously turmoil in the Middle East has something to do with our current astronomical gas prices, but keep in mind that by this point in the Bush presidency 9/11 had happened and we were on the verge of invading Iraq. So while the president can't be entirely responsible for global commodity prices, it's still worth asking what Obama's doing to make things worse.

After all, this is the President who told us "We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times … and then just expect that other countries are going to say OK.”

This is the President that appointed a Secretary of the Interior that famously said he didn't mind if gas hit $10 a gallon.
FsQGF1Mp is offline


Old 03-14-2011, 03:51 AM   #2
AlissBart

Join Date
Oct 2005
Posts
480
Senior Member
Default
And THAT is why a bipartisan majority of Americans support state and federal funding to build high-speed rail. Dependence on oil for energy is bad policy, locally and nationally.

Business Weekly: http://www.businessweek.com/news/201...-update3-.html

Chevron Corp., the second-biggest U.S. energy company, reported its largest profit increase in at least a decade, exceeding analyst estimates, after recovering economies around the world spurred increases in fuel demand.

First-quarter net income more than doubled to $4.55 billion, or $2.27 a share, from $1.84 billion, or 92 cents, a year earlier, San Ramon, California-based Chevron said today in a statement. Excluding severance costs, per-share profit was about $2.38, 43 cents higher than the average of 14 analyst estimates compiled by Bloomberg.

Chevron Chief Executive Officer John Watson boosted oil and natural-gas output by 4.5 percent with new wells from the Gulf of Mexico to Australia. Watson is selling money-losing assets and shifting capital to oil and natural-gas fields Chevron has been working to bring online for years, said Edward Westlake, an analyst at Credit Suisse in New York.

“Production was above expectations so it’s very hard to shoot any holes in their story,” said Robbert Van Batenburg, head of research at Louis Capital Markets LP in New York. “As long as they continue to bring new projects on line, it’s blue skies ahead.” Poor Exxon Mobile saw their profits explode only 53%.

Guardian: http://www.guardian.co.uk/business/2...nd-output-rise
Profits at Exxon Mobil, the world's largest oil company, soared 53% in fourth quarter profits powered by rising oil prices and natural gas.

Exxon's profits were $9.25bn (£5.8bn) compared with $6.05bn for same the period a year ago. The profits were Exxon's largest for more than two years. Total revenue in the quarter was $105.2bn, up from $89.8bn in the quarter a year earlier. For the year Exxon made $30.46bn compared to $19.4 bn in 2009.

Demand for oil and gas rose last year and is expected to rise again this year. The company benefited from higher profits in its chemicals and refining units. Analysts said it also benefited from a lower tax rate in the fourth quarter of 38% compared with an expected 46%.
AlissBart is offline


Old 03-14-2011, 11:21 PM   #3
vypusknye

Join Date
Oct 2005
Posts
395
Senior Member
Default
Anybody who thinks this president is concerned over high gas prices is crazy.



They're celebrating in the White House and in Al Gore's and George Soros' mansions. This is awesome! The higher the price, the better. They don't care what it does to you or your lifestyle. It's what it does for THEM that matters.

http://www.weeklystandard.com/blogs/...nt_553930.html
Meanwhile, Gov. Scott of Florida just turned down $2.4 billion for high speed rail in Florida, claiming it would have no riders. Wrong. Not only did Scott ignore reports to the contrary, he turned the money down because it was coming from the Obama administration and, like a good Republican, anything that comes from the Obama administration is radioactive and BAD.

Floridians aren't happy. Gov. Scott, like Gov. Walker in MN, is pissing off so many citizens with his politically driven agenda that his favorable ratings are dropping like a stone, even among Republicans. These hardcore GOP governors, with their draconian cuts, union busting and total disregard for the working class, have energized the opposition like nothing in recent memory. If the GOP thinks 2012 is going to be a cakewalk in Florida and some of these other states, they should think again.
vypusknye is offline


Old 03-14-2011, 11:27 PM   #4
Konidurase

Join Date
Nov 2005
Posts
412
Senior Member
Default
Notice how Reg's graph totally ignores the $4 prices that came about under Bush... The graph only shows prices at two dollars?
Konidurase is offline



Reply to Thread New Thread

« Previous Thread | Next Thread »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

All times are GMT +1. The time now is 04:54 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2
Design & Developed by Amodity.com
Copyright© Amodity