Oil release: Obama and Cameron in cahoots?
March 16th, 2012
12:11 PM ET

Oil release: Obama and Cameron in cahoots?

The price of crude oil took a nosedive on Thursday after Reuters reported that President Obama and his British counterpart David Cameron had agreed to a release of strategic oil reserves that would take place within months.

The White House later denied that such an agreement exists, but did say that Obama and Cameron had discussed rising crude prices.

For the United States, such an agreement would mean tapping the Strategic Petroleum Reserve, a strategy that has been used only a handful of times since 1975, when the 727 million barrel safeguard against oil supply shocks was established.

What would the United States get out of the deal? Crude prices could fall, especially as speculators are driven from the market. A reduction in crude prices would translate to lower prices at the gasoline pump.

And, naturally, lower gasoline prices would be nice for Obama as Election Day approaches.

Should the administration release reserves, as some have suggested, it would have a difficult time arguing that the move was not politically motivated.

For the complete story from our friends at CNNMoney, click here.


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soundoff (132 Responses)
  1. acdcguy

    It is purely political, leave the SPR along. Lift all drilling restrictions, both offshore and on, and approve the keystone pipeline and you will see crude drop $50 bbl !!!! It’s that simple!!!!

    March 16, 2012 at 12:37 pm |
    • Jack

      Wow thats just not true,go look up the facts before spouting off nonsence like that lol.

      March 16, 2012 at 1:51 pm |
      • Howard

        NOT ONLY IS OBAMA USELESS ... HE'S EXTREMELY CORRUPT ... READ THE NEW BOOK ENTITLED ... "CRIMES AGAINST LIBERTY" !!!

        March 18, 2012 at 2:14 pm |
    • jean2009

      @acdcguy
      The Keystone pipeline is not American oil, nor is it headed for American use. It is basically a pipeline to transport the dirtiest form of Canadian crude across our heartland process it on the gulf in the duty tax-free zone and sell it without paying U.S. taxes to the highest bidder....which is China. Which means China will be polluting our air quality while burning more dirty oil

      We are currently producing more oil than ever before...but fact is if we could extract every ounce of crude we would still only have about 2 to 3% of the remaining oil reserves in the world, but we use 25% of the world's oil. DO THE MATH...we can't drill our way out of this, nor can we control the price of something we don't own.

      Get use to higher gas prices since $2.50 is not going to happen because too many developing countries will willingly pay more than that for it. The only way we can go is concentrate on alternative fuels. Which regardless of what you think is very doable.

      March 16, 2012 at 2:13 pm |
      • Howard

        Jean ... you are such a good obama stooge ... repeating all the B.S. talking points, word-for-word ... as you usually do on this blog.. Your loyalty should be to America ... not to a corrupt President, who is continually deceiving the American people. Obama, uses the power of the state, to confiscate other people's hard earned money, squanders it, and finances loser companies, in exchange for political contributions, all in a self-serving effort to get himself reelected.

        March 16, 2012 at 2:26 pm |
      • jean2009

        @ Howard
        You are not factual on any subject...just keep peddling your hate with no information backed up with hard facts. Everyone knows you are a hate filled troll.

        March 16, 2012 at 5:10 pm |
      • jean2009

        @ Howard
        http://www.huffingtonpost.com/2012/02/23/us-motorists-gasoline-mexico-outbid-refinery_n_1297527.html

        http://www.biofuelsdigest.com/bdigest/2012/03/07/how-not-to-lose-an-energy-policy-in-10-days/

        http://www.tarsandsaction.org/spread-the-word/key-facts-keystone-xl/

        March 16, 2012 at 5:19 pm |
      • Theresa

        Jean, you are trying to reason with people using facts, because you are a reasonable person. Unfortunately, people like Howard don't need facts to make a statement. Facts have a way of interfering, so they just ignore them.
        We are producing more oil than ever before, in spite of the rhetoric of people like Howard. The US continues to give money to the oil companies for exploration and development and the oil companies are now producing so much oli that they can export it to other countries and make even more money.

        March 17, 2012 at 8:56 am |
      • john

        Just more left-wing drivel. Maybe you should try to post some CREDIBLE sources.

        March 17, 2012 at 9:20 am |
      • curt

        Who's the stooge parroting talk points? One can sympathize with consumers feeling the pain of higher gas prices. But the fundamental truth is that those prices are tied to the price of oil, set by world markets. There are peaks and valleys, but their causes — a worldwide recession, an embargo or conflict in the Middle East — are beyond the control of any one country. As the chart below shows, gasoline prices rise and fall in the same pattern throughout the world. Americans historically pay much less at the pump because they pay lower taxes; when the price of a gallon spikes at $3.70 in the United States, it is closer to $8 in, say, Germany.

        March 18, 2012 at 9:07 am |
      • Melissa

        Jean, it's no use..these Obama haters aren't able to digest facts...their too busy choking on hate and lies. OBAMA 2012.

        March 19, 2012 at 9:01 am |
    • Howard

      Once again, Obama is throwing America under the bus.

      March 16, 2012 at 2:22 pm |
      • lynette

        Yeah, and the entire Republican party is doing the same.

        March 16, 2012 at 3:21 pm |
      • Anon

        Howard ... you are such a good GOP stooge ... repeating all the B.S. talking points, word-for-word ... as you usually do on this blog.. Your loyalty should be to America ... not to a corrupt political party, that is continually deceiving the American people. GOP, uses the power of the senate, to line the pockets of their wealthy friends with other people's hard earned money, in exchange for political contributions, all in a self-serving effort to get themselves back into power.

        March 16, 2012 at 3:56 pm |
      • Ben

        As a chemical engineer I would like to point out just how wrong you are. It may be president Obama's talking point but it came from advisers who can tell you that the oil reserves are running out everywhere. If you look at OPEC's data you could see that since 1979 their numbers on reserves hasn't changed, yet they have been pumping out oil the entire time. I know people who have worked in the middle east designing systems and more and more of those systems are designed to pump steam into the ground to force out the oil. Most of the cheap oil is out, and more and more energy will need to go into extracting the oil, driving up prices. BTW, I've seen several estimates that we may "run out" of oil sometime around 2035. Gas prices will never come down to your magical 2.50/gallon.

        March 16, 2012 at 4:11 pm |
      • Tom

        Well, no we're just on a bus minding our country's business and if Karl Rove, Rush Limbaugh, Sean Hannity, Bill O'Reilly and the entire Tea Party choose not to get out of the way, that's their problem. See you in November! Obama 2012

        March 18, 2012 at 6:36 pm |
      • joeschlag

        By what? Mentioning that this reserve of oil could be put on the market to try to help lower the price, which is driven up by right-wingers trying to do exactly that by selling the inevitability of yet another war and then blaming the increase on the president.

        March 18, 2012 at 9:02 pm |
    • Howard

      THANKS TO STUPID, GULLIBLE, AND CORRUPT CONTRIBUTORS TO OBAMA ...
      along with an unwavering complicit mainstream media ... Obama is able to get away with anything.
      For America's sake, hopefully, Obama will not get away with buying a reelection.
      CORRUPTION = When a man, like obama, uses the power of the state, to confiscate other people's hard earned money, squanders it, and finances loser companies, in exchange for political contributions, in an effort to get himself reelected.

      March 16, 2012 at 7:02 pm |
      • Vance

        Howard, I was just talking to some friends the other day.We all grew up in a pretty affluent area. Our parents were doctors, lawyers and the like. In high school it was all about image and posturing. Yes, it was a very very republican upbringing. What scares a lot of us today is the devolution of the Republican party. It reminds quite a few of us of high school. A lot of chest thumping and not a lot of maturity and facts. I read these post of your and I see no facts. I see the usual rants about the MAIN STREAM Media versus, well I guess FOX. I work in media can go into those false titles later. Howard, state some facts, sans the emotion rants and finger pointing. Make an intelligent point. Give it a shot, you will be heard.

        March 16, 2012 at 11:35 pm |
      • Melo-D

        How do you reason with someone that has mush for brains? Trick question, you can't. Howard will be on here everyday spitting the GOP conspiracy talking points. No amount of reason can convince these people that their beloved GOP are a bunch of traitors. Why do you think Bush had a 30% approval rating clear until the end of his term, because 30% of this country are permanent residents of fantasy land.

        March 17, 2012 at 1:19 am |
      • Herby Sagues

        I am AMAZED at the level of irrational hatred that is aimed at Obama. It doesn't matter what he does, it doesn't matter what he says, he is treated as the ahti-christ. His predecessor brought this country to its knees, almost bankrupt it. He left millions unemployed and homeless. He invaded a country for no reason, sending thousands to their deaths for the benefit of no one. He destroyed America's reputation in the world, swapping it for the image of an irrational money-driven bully. He gets the US into such a crisis that debt is the only way to keep it working.
        And then cames another president, slowly begins getting us away from all of that, and HE's the anti-Christ? I don't get it. I sincerely don't.

        March 18, 2012 at 2:05 am |
      • Melissa

        Oh, well, Howard. Look at this way.... when President Obama gets re-elected, you will have 4 more years to perpetuate your your nonsense from inside the conservative bubble. Enjoy!

        March 19, 2012 at 9:04 am |
      • Name*Liz Carter

        Howard...you are THE most corrupt, slanderous, OBAMA-hating, repubate-minded lying idiot on this blog site!! Btw....it looks to like us 'stupid, gullible' and you claim 'corrupt' Obama contributors, that the ONE who really got away with anything including war crimes is your beloved George w Bush and his cronies! Or did you forget?? That's one corrupted fiasco, it seems all of America, cons and libs are trying to forget!! America seems to be purposefully turning a deaf ear and a blind eye to it,....and here you are having the nerve, gall and audacity to keep this 'corrupt lie' going against President Obama!! You are a simpleton!!

        March 20, 2012 at 12:35 pm |
      • Tschrny Wolf

        "SIMPLETON" IS TOO KIND A WORD, RATHER: REPUKES AND TEA PART STALE TEA MADE IN URINE WATER! HAHAHAHAHAHAHHAAHAHAHA. LET US DEMOCRATS UNITE, IDENTIFY INFILTRATORS WHO VOTE REPUKE, REGARDLESS THEY ARE REGISTERED AS DEMOCRATS. THIS IS URGENT! DONT HIRE ANY LOBBYSTS WHO HAVE WORKED FOR ALL PARTIES IN SPITE OF THEIR PARTY IDENTIFICATION.

        March 20, 2012 at 3:29 pm |
    • Marz

      The amount of oil available is inherently limited and the cost of extraction will continue to rise as it becomes a rarer commodity and the costs of extraction go up. At the same time the number of people consuming energy and oil specifically is on the rise – especially in places like India and China. Growing demand and shrinking supply equals higher oil prices – that's the free market in action folks and neither Republican nor Democrat is going to change that.

      The right solution will come – we are starting to see a variety of options out there. They aren't terribly cost effective even now relative to the cost of gasoline in this country but the tipping point will come very quickly indeed, especially in the event of a war in the middle east which closes the straights of Hormuz for even just a few weeks. We will be longing for the days when gas costs less than $4 a gallon then my friends and we wont be able to sell cars that get less than 40-50 mpg because they will no longer make financial sense to buy.

      March 16, 2012 at 9:11 pm |
    • Tschrny Wolf

      ARE YOU A TERRORIST WAITNG FOR THE PIPELINE TO BE BUILT AND THEN YOU AND YOUR COMRADES BLOW IT IN SEVERAL STATES AND SET AMERICA ON FIRE, PLUS THE ENORMOUS POLLUTION OF OUR RIVERS?

      NO WAY! PRESIDENT OBAMA IS RIGHT, AS USUAL🙂 THE APPARENTLY SIMPLE PIPELINE SOLUTION IS A POTENTIAL NIGHTMARE. IF INTERNATIONAL TERRORISTS ARE STOPPED ON TIME, THE KKK, TEA PARTY CAN CREATE LEAKING 'ACCIDENTS' TO DAMAGE TNE DNC. INSTEADIF ENGLAND SEND US OIL IN EXCHANGE OF FOOD, ETC.THAT KIND OF TRADE WOULD MUTUALLY BENEFIT EACH COUNTRY.

      March 16, 2012 at 11:32 pm |
      • Lizzie

        Why wait for THIS pipeline, there are thousands of miles of existing pipeline crossing the US, or don't you know that.

        March 17, 2012 at 11:25 am |
    • Jill

      the Keystone Pipeline oil if it comes to fruition is to be shipped to China. It's not for the U.S. so it's hard to see how that would help U.S. oil prices.

      March 17, 2012 at 4:04 pm |
    • TEAPARTYISDIRTY

      @acdaguy, Are you smoking crack? We are the 5th largest exporter of crude now.... We have a ton of oil! It's the speculators and the oil companies sitting on the oil for domestic use to raise prices.... We have enough raw product and refineries to get the fuel we need cheap! Cooch!!!

      March 17, 2012 at 5:42 pm |
    • nyajussa@yahoo.com

      l dont care whether its political or not. l just wouldnt mind lower gas prices.

      March 17, 2012 at 7:24 pm |
    • regina

      Problem is, we all want Obama to do something about ever increasing pain at the pump. we want him to do it now and yet when he acts we all go screeming it politicaly related. Please guys, lets forget about what politicians do to get elected. My job involves a lot of driving, l dont care whaever happens with political gain, l have lots of bills to pay and anything to lower the pain lavels at the pump is welcome.

      March 17, 2012 at 7:33 pm |
    • regina

      Ok, we;ve been complaining Obama needs to do something. Do you guys suggest he does nothing until after his inaguration in February before he does something about these prises. PLEASE. We all know he;s going to be reelected, he knows that too so why wait as we contunue to suffer?.

      March 17, 2012 at 7:44 pm |
    • curt

      no. that is naive.

      March 18, 2012 at 9:05 am |
    • Joyce

      Canada has already said we won't get any of that oil.

      March 18, 2012 at 7:11 pm |
      • cole

        I live in Edmonton Canada and so those of you that want to blame Obama for the rise in gas prices need to maybe go on Google and check how much the country that has second largest oil reserve in the world is paying at the pump. I live in the oil province and a gallon today is $4.50. we supply most of American oil and we pay more than you guys at the pump. So stop bashing your president and get educated about how oil prices work.

        March 18, 2012 at 9:22 pm |
  2. bigman

    Obama is the man. The man with the plan. You can't beat with a republican. He will throw them in the can. Re-elected as the 45th President he will stand.
    Obama / Biden 2012

    March 16, 2012 at 12:40 pm |
    • James

      Bigman, it's pretty obvious you didn't get passed the 4th grade. Go back and get an education and then a job. Quit relying on people like me to support your pathetic self.

      March 16, 2012 at 1:02 pm |
      • Alex

        It's 'past'. Moron.

        March 16, 2012 at 1:43 pm |
      • jean2009

        What makes you assume Bigman doesn't have a job..would it be that you have experience?

        March 16, 2012 at 2:34 pm |
      • Tschrny Wolf

        YESS :))))))))))))))))))))))))), DEFINITELY :)) SEE AT THE POLLS, HURRAY FOR PRESIDENT OBAMA! RA, RA, RA🙂 IF THE PRESENT TRUCK DRIVERS WHO TRANSPORT OIL TO FAR AWAY STATES , THEY WILL LOSE MILLIONS OF JOBS IF THE PIPELINE REPLACES THEM. UNION WORKERS SHOULD KNOW WHAT A REPUBLICAN OR TEA PARTY OFFICIAL WOULD DO.

        March 16, 2012 at 11:39 pm |
      • Name*Liz Carter

        James...education??? ya think we all need to go and ask your boy Santorum for advice on whether or not we need to be going to school??..I just heard him say that everybody didn't have to go to school!! LOL!! He said it made us 'SNOBS'!! LOL! That's exactly what you clowns really hate about Obama! He's 'educated' and then he's black! LOL! Btw..how in the world are YOU supporting Bigman??

        March 17, 2012 at 7:40 am |
      • jean2009

        James truth be told Bigman is more than likely supporting you.

        March 17, 2012 at 2:49 pm |
      • Joyce

        jean209 That was what I was thinking.

        March 18, 2012 at 7:13 pm |
      • Name*Liz Carter

        ....and you know you're supporting Bigman how?? How do you know that he has no job? And if he doesn't, he's certainly not alone! Arrogant man!!

        March 20, 2012 at 2:45 am |
    • Name*Liz Carter

      Right!

      March 17, 2012 at 7:23 am |
  3. Billy Ray Deen Told me to Tell Everyone to Shut Up

    ha ha....I'm sure he'll do what's best to get it at least around 2-3 dollars...what did people think, that Obama was just gonna sit there & risk his chance at being reelected due to people complaining about gas prices? We're not that hard to convince

    March 16, 2012 at 12:47 pm |
  4. tomclements

    So more surplus oil does drive speculators down!! Yet Obama refuses to aggressively pursue domestic production???I would lie excuse me deny that this story is true too, if I was the white house. This presidency is becoming a house of cards.....

    March 16, 2012 at 12:52 pm |
    • Khalif Timberlake

      tomeclements you clearly ignore the fact that domestic oil production is at its highest rate since 2005. This presidency is doing just fine considering how broken congress has become and how the public brainwashed republicans believe fiction over fact even when the facts are staring right back at them.

      March 16, 2012 at 1:06 pm |
      • Steveo

        Good point about domestic oil production being up but what exactly does that mean for us? Absolutely nothing, just a talking point as what is produced here heads to the global market and that is something no president controls. So as far as high gas prices and the increase in domestic oil production, Obama gets no blame and gets no credit!

        March 16, 2012 at 2:37 pm |
    • Tschrny Wolf

      NOPE, RATHER YOUR SICK GOP PARTY IS THE FALLING HOUSE OF FAT CARDS, ABJECT DISCARDS, HAHAHAHAHA.
      AS OF SEEKING A TRADE WITH ENGLAND, IT IS THE PRESIDENT'S RIGHT AND DUTY TO SEEK NEEDED FUEL. THE FACT THIS IS AN ELECTION YEAR GOT NOTHING TO DO WITH IT.RONALD REAGAN, ETC. DID THE SAME.

      March 16, 2012 at 11:46 pm |
      • Lizzie

        Pres.Obama promised higher gas prices, ONE promise fulfilled

        March 17, 2012 at 11:28 am |
    • Juddus

      Good thinking. This seems to be a temporary fix to an ongoing problem. Drive the speculators out of the oil market? Yeah, but TEMPORARILY!!! Put the lid back on the surplus reserves, and watch the price of crude DOUBLE!

      March 17, 2012 at 12:02 am |
  5. Mismatch

    Tapping the Reserve is a terrible idea- it's there for emergencies. Higher gas prices suck, but hitting up our reserves of last resort isn't a habit we should get into. There are many factors that affect gas prices; some of these the President can exert influence on, and many of them he cannot.

    As far as the supporters of Keystone XL- besides the fact that tar sands are incredibly dirty sources of fuel, there isn't any provision that requires its refined oil to be used in the States. Even if we built it, TransCanada could still sell it all to any country they wanted to. So this much-touted pipeline isn't the savior people make it out to be.

    March 16, 2012 at 12:58 pm |
    • jean2009

      Thank you...our emergency reserve should be just that for emergencies. The honest fact that we are not currently paying the same price as the rest of the world for a gallon of gas simply means we do not have an emergency. The British are currently paying L6 GB the same as just at $10 a gallon.

      March 16, 2012 at 2:25 pm |
      • Lizzie

        England compared to us is as big as Oregon with public transportation all over the place. People don't HAVE to drive their cars to work.

        March 17, 2012 at 11:31 am |
      • Howard

        Obama has caused extreme pain for MILLIONS of Americans, and there's no end in sight. Obama has zero integrity, and will say, or do anything to get reelected. The photos of his extravagant state dinners, glorious vacations, and his 108 lavish fund raisers, all, while the rest of us struggle to survive, makes me sick to my stomach.

        March 17, 2012 at 12:36 pm |
      • jean2009

        @Lizzie I guess you will want to say the current $9 gasoline per gallon in Turkey is due to their greatly advanced mass transportation system? NOT!

        The current about $10 per gallon in Paris...the German $8.10 per gallon... and $9 per gallon in Italy... Gee wouldn't that mean with all their advanced and readily available mass transit that their demand for gasoline would actually be less, so the price also should be lower?

        Then aren't you also a member of the stooge group of right-wing Fox listeners that protests our every move to more advanced options for mass transit like say high-speed train and more airport runways?

        I call that whining on both sides of the argument.

        March 17, 2012 at 3:22 pm |
      • Graham Krueger

        Europe's fuel prices are high due to taxation to give them good enough public transit that personal vehicles aren't the end – all, be – all of transportation like here. I wouldn't like to drive there, but it seems to be working pretty well. If I knew that 50-60 percent of my gas money was going to giving me alternatives to driving, I'd spend it. The whole discussion over oil ignores the greater problem – we have taken no serous action on alternative energy for thirty – two years, and are continuing to burn fossil fuels at unsustainable rates. Whether we run out of oil in a century or a decade, every day we rely on it brings us closer to irreversible catastrophe.

        March 18, 2012 at 1:46 am |
    • Tschrny Wolf

      NO. EMERGENCY RESERVES ARE PRECISELY THERE TO BE USED IN CRISIS TIMES LIKE NOW. RATHER IF THE OIL CRISIS IS LET ALONE, OUR ECONOMY WOULD FALL AGAIN.IS THAT WHAT YOU AND MIT ROMENY WANT? A TOTAL COLLAPSE? ARE YOU SADOMASOCHISTIC? LOOK IF SUCH A COLLAPSE IS ALLOWED, ALL THE MONEY THE RICH OWN BECOMES WORTHLESS PAPER! YOUR MANSIONS WOULD BE RE=POSSESED OR INVADED. GANGS WOULD KILL TO GET FOOD, CLOTHES, ETC. iT WOULD BE A WHOLE MESS. THINK ABOUT IT....

      March 16, 2012 at 11:53 pm |
      • Lizzie

        What are you trying to tell us, that our money would be worth the paper it's printed on. Think again, if the rich, which you don't like, lose everything, so will you.

        March 17, 2012 at 11:34 am |
      • jean2009

        @Lizzie...actually the working class has lost too much .... George Bush arranged for it all to be given to the rich so that they could decide when to let a drop now and then make its way down to the poor.

        Just like the Nazis told those they planned to exterminate, that if the Nazis' were in control they would make things better.

        March 17, 2012 at 3:29 pm |
    • Melo-D

      Actually the oil sands are being refined in the MidWest currently. The pipeline will probably lead to less of the oil being used here not more.

      March 17, 2012 at 1:22 am |
      • jean2009

        Actually they want to transport it to the tax-free zone on the gulf so it can be sold to the highest bidder on the world market without paying U.S. taxes.

        March 17, 2012 at 3:30 pm |
  6. Marilyn

    I hope he finally does something, he has let these oil companies get away with ripping us off way too long. Disappointed in my president that I voted for.

    March 16, 2012 at 1:03 pm |
    • Tschrny Wolf

      MARYLIN: DO NOT THROWI-IN THE HAT, GOVERNING SUCH NEGATIVE OPPOSTION IS INCREDIBLY HARD. PRESIDENT OBAMA BROKE NEW GROUND WHEN HE WON. HE DID SOMETHING ONLY VERY COURAGEOUS LEADERS DO. BETTER STILL HE HAS NOT ABANDONED US. ARE YOU GOING TO GIVE UP NOW? COME ON GIRL, KEEPING ON GOING STRONG IS HOW GREAT THINGS ARE ACCOMPLISHED. THIS IS A VERY THOUGH SOCIETY, ARE YOU READY FOR ANOTHER GEIRGE WAKJER BUSH WHO GAVE A TOTAL OF 900,00BILLIONS OF TAX CUTS TO A TOP ELITE?

      IF PRESIDENT OBAMA HAD NOT WON, BUSH WALKER LEFT US IN A DEEPENING RECESSION, BY NOW,YOU AND I WOULD NOT HAVE THE TIME TO POST AT ALL. YES, THE RECOVERY HAS BEEN SLOWER, WHY? REPUBLICAN AND TEA PARTY OBSTRUCTION OF MOST OF PRESIDENT OBAMA'S POSITIVE POLICIES, SEE HOW NOW THE REPUBLICANS ARE GOING AFTER THE DESTRUCTION OF HEALTH REFORM? A PROGRAM THAT IS HEALING 30 MILLION AMERICANS? HOW DO I KNOW, I GET MEDICARE. I AM DISABLED AND BROKE A BONE LAST MONTH. WITHOUT MEDICAID, I WOULD HAVE NO HEALTH INSURANCE. WHAT DO THEREPUBLICANS. TRUE CHANGE TAKES A LONG TIME, LONGER WITH A REPUBLICAN CONGRESS, WHAT DO THE REPUBLICANS CARE? PLEASE COME BACK TO THE DNC OUR PRESIDENT OBAMA NEEDS YOUR HELP. YOU WILL NOT BE SORRY, TRUST ME.

      March 17, 2012 at 12:15 am |
      • Lizzie

        Are you claiming to be a seer i or a psychic or something that you could foresee the future, no one could know what would happened. You grasping at straws.

        March 17, 2012 at 11:40 am |
      • jean2009

        No Lizzie, we know from experience...we don't need a crystal ball, or to be psychic, anyone that lived through the after effect of Hoover, Reagan and their trickle down theory of money management...didn't need a crash course in how George W. Bush's trickle down experiment was going to end.

        March 17, 2012 at 3:35 pm |
      • Name*Liz Carter

        So right! T-Wolf! Hang in her Marylin!! That is what the GOP is banking on...all of us to give up on OBAMA!! That's why they keep running around blaming the heightened gas prices on Pres Obama! They hope we all get mad at him and quit!!

        March 20, 2012 at 2:55 am |
      • Tschrny Wolf

        thank you :))) I agree the repukes want to discourage us, the secret is to work harder, the harder they spread lies, to find more strength for us in their negativity!! :)))), remember passion like anger is energy. Also, it drains the opponents and debilitates them :))) They are only human, as incredible as that is, rather as President Obama continues doing positive things and proposing needed policies, he gains moral strenght to inspire his workers. Now be ware of infiltrators that claim they are democratic lobbyists or congress people who lobby for different partiies. Here in Maryland, a candidate for congress , Gugriola has lobbied for both parties in spite he is a democrat. Traitors like him can cost losing health reform😦 I hope I am wrong and he looses. Take care.

        March 20, 2012 at 3:10 pm |
      • Tschrny Wolf

        I appreciate your positive reply, thank you. WE all need each other.No matter what the repukes say, getting oil is crucial, not only to enable drivers around, but also to keep vital industries and factories going. What keeps water purifying and food processing functioning?

        March 20, 2012 at 3:20 pm |
  7. Dominicant mama 4 Nobama

    Definition of Strategic Petroleum Reserve – petroleum reserve to be released by the president when it is strategically convenient and the reelection campaign is in need of emergency poll boost

    March 16, 2012 at 1:08 pm |
    • lynette

      No, they release it when gas gets too high and people start complaining about prices at the pump, like right now, duh.

      March 16, 2012 at 3:26 pm |
    • Tschrny Wolf

      THE OIL CRISES HAS BEING GOING ON FOR A LONG TIME AND SEVERAL PRESIDENTS. PRESIDENT OBAMA HAS A DUTY AND CARES ENOUGH TO RESPOND TO OUR DRIVERS' NEEDS. MORE IMPORTANTLY, KEEP OUR FOOD AND RECYCLE WATER FACTORIES GOING AND FUNCTIONING. RATHER, YOU CYNICALLY USE AN ELECTION YEAR TO CRITICIZE PRESIDENT OBAMA'S EFFORTS TO GET US FUEL. WILL ROMNEY, SANTORUM AND THEIR GANG GET US OIL? OF COURSE NOT. SO DO NOT OFFER GOLD WHEN YOU DONT EVEN HAVE NICKEL HAHAHAHAHAH

      March 17, 2012 at 12:23 am |
  8. mike

    Everything Obama does is politically motivated. He doesn't wipe his rear end without polling to find out if the majority of the country uses 'extra soft' or regular!

    March 16, 2012 at 1:36 pm |
    • lynette

      Well at least he asks first. Darn if he does....darn if he doesn't.

      March 16, 2012 at 3:27 pm |
    • Tschrny Wolf

      OH, really? ARE YOU INSIDE THE BRAINS OF PRESIDENT OBAMA? OF COURSE YOU ARE NOT! SO GO DEFECATE ON YOUR OWN FETID PARTY, SUCKER🙂

      March 17, 2012 at 12:26 am |
    • Tschrny Wolf

      AS FOR INVENTING THE TOILET POLL, I THINK YOU DID, MR. REPUBLICAN. . YES, THE FIRST POLITICAL MACHINE WAS REPUBLICAN, MOST FOUNDING FATHERS WERE CONSERVATIVE. OUT OF ALL OUR PRESIDENTS, ONLY 14 HAVE BEEN DEMOCRAT. SOURCE: WIKIPEDIA.NO WONDER THE NEGATIVISM OF THE REPUBLICANS NOW IS SO EXTREME AND HARMFUL. IT SEEMS THE GOP WANTS THE SYSTEM GOING, AND NOT TO TAKE CARE OF THE AMERICAN PEOPLE.😦

      March 17, 2012 at 12:40 am |
  9. Mike

    How stupid do you believe us to be Obama? Stupid enough to elect you as president. Just in time for the election. Just how many dullards in this country will fall for your ruse Obama?

    March 16, 2012 at 1:44 pm |
    • lynette

      You are so funny...and melodramatic....conspiracy theories floating all around...

      March 16, 2012 at 3:34 pm |
    • Tschrny Wolf

      NEXT TIME USE THE RIGHT NAME : GEORGE WALKER BUSH! HAHAHAHAHAHHAHAHAHHAHA, GO ASK DICK CHENNEY, THE REAL REPUBLICAN PRESIDENT BACK THEN. :)))))))))) CHENNEY PLOTTED THE ENRON SCANDAL AND ILLEGAL TRADING. AND NOW YOUR TYPE CONDEMNS PRESIDENT OBAMA FOR LEGITIMATELY DISCUSSING TRADE WITH ENGLAND? WHO WAS THE PRESIDENT WHO FIRST ENCOURAGED INTERNATIONAL TRADE? RONALD REAGAN.

      March 17, 2012 at 12:32 am |
    • Tschrny Wolf

      LOOK MIKE, IF IT ANGERS YOU SO MUCH TO SEE CAMERON COME HERE ON TIME TO HELP US GET OIL, THAT IS YOUR REACTION, NO PROOF OF ANYTNING. :)))))))) RATHER, I THINK PRESIDENT OBAMA CARES, WANTS TO SOLVE OUR NEEDS AND HE IS VERY LUCKY. ALSO THAT HE HAS WON THE GOOD WILL OF COUNTRIES LIKE THE U.K. RONALD REAGAN WAS WELL LIKED ABROAD TOO. SO GIVE UP , PAL. EVERYBODY DESERVES A CHANCE🙂

      March 17, 2012 at 12:49 am |
    • Melo-D

      So if Obama doesn't do anything to effect gas prices he's a horrible president, however, if he does do something to effect the price of gas he's a horrible president. Great logic Mikey. Where did you get your degree, right wing hack university?

      March 17, 2012 at 1:27 am |
      • Name*Liz Carter

        They're bipolar lunatics! If there was a way for the President to effect gas prices, it would have been done under former Presidents. They told us the President couldn't do anything about speculators and that it was legal!! We need to be pushing for new laws and more oversight rather than listening to these haters continue to blame Obama! However, if there so happened to be an easy way for him to address the high gas prices right now...with all the lies and hell being raised, I believe he'd have already done it. The same howlers, squealers, and whinners would turn right around though and claim he was just being slick and he was just doing it so he could get elected again!! They'd be out jumping on the side of the gasoline companies for letting him bumrush them into lowering their prices, wailing...'Why no other president could do it so who does he think he is'? They'd side right up with their Rethuglican Party, who's blaming him and who's certainly in bed with the oil companies, and go right against him for doing so!! These clowns complaining on this blog will flip the script! They are instigators and sabotagers who will do anything to set Obama up!! That's right...he's damned either way he goes!!

        March 20, 2012 at 3:29 am |
  10. Lefty

    Actually oil didn't take a nose dive, check the market and you'll see it's up 1.19 today at 106.30 a barrel. Quit lying CNN.

    March 16, 2012 at 1:48 pm |
    • Tschrny Wolf

      rIGHT, i READ IN PRENSA LIBRE, A GUATEMALAN NEWSPAPER, THE OIL RATES HAD DROPPED BECAUSE CHINA, A MAJOR CONSUMER OF OIL, WAS UNDERGOING A DEPRESSION, IT PRODUCTS WERE NOT SELLING ABROAD. I UNDERSTAND, I ORDERED SEVERAL ITEMS FROM CHINA AND THEY BROKE OR DID NOT LAST LONG.

      March 17, 2012 at 12:53 am |
  11. oldoc

    What needs to be considered is what might be called a North American Energy Consortium, with the U.S. Mexico and Canada getting together to maximize their respective and very substantial oil and gas capability. Mexico surely could use a real income (not just drugs) and has lots of petroleum/gas to tap; Canada likewise has lots and both countries are contiguous – so a pipeline linkup would be a simple thing...not to mention all the new jobs at home and all around. The OPEC folks would likely re-think their pricy product even as this was in discussion! . Just food for thought.

    March 16, 2012 at 2:42 pm |
    • Tschrny Wolf

      HOW WOULD YOU PREVENT A MAJOR TERRORIST ATTACK THAT BOMBS THE ENTIRE PIPELINE AND SETS AMERICA ON FIRE, PLUS VANDALISM AND TOXIC LEAKAGES THAT CONTAMINATE OUR LAKES AND RIVERS? PLUS THE JOBS USED TO A ONE=TIME BUILDING WOULD NOT LAST, WHLE PRESENT DRIVERS OF OIL TRUCKS HAVE PERMANENT JOBS. IF YOU THINK VERY WELL, WITHOUT PARTISAN PREJUDICE, YOU WILL REALIZE THE SENSE PRESIDENT OBAMA'S POLICY MAKES.

      March 17, 2012 at 1:00 am |
  12. Michael

    Yes they are everone in the World with a brain want's Obama to remain P.O T.U.S. The Republican / Tea Party scares
    the hell out the rest of us.

    March 16, 2012 at 2:58 pm |
    • Tschrny Wolf

      MIKE, REPORT TEA PARTY THREATS TO THE POLICE. IF YOUR TOWN'S POLICE ARE TEA PARTYISTS, THEN FILE IN ANOTHER DISTRICT OR TOWN. OR REPORT IT TO THE PRESS. AMERICA
      S FREEDOM IS AT RISK IF WE THE PEOPLE LET US FEAR CONTROL US. REMEMBER THE DEAD UNION SOLDIERS ? STAND UP IN THEIR NAMES🙂

      March 17, 2012 at 1:06 am |
      • Lizzie

        You got the tea party mixed up with the OW crowd.

        March 17, 2012 at 11:45 am |
  13. Carla Nelson

    You can talk all you want people want releif at the pumps. They don't care wether is is are not politaclly motivated becuase if doing this saves each of us a buck then so be it.

    March 16, 2012 at 3:00 pm |
    • jean2009

      So to boils down to you would throw America under the bus to save a buck? The big reality is if it was a buck cheaper some other country would be buying it.

      March 16, 2012 at 5:22 pm |
      • Herby Sagues

        No, but I would sell the reserves when prices are high during a transitory event. That's what they are there for. I don't see what that has to do with throwing anythign under a bus.

        March 18, 2012 at 1:59 am |
    • Tschrny Wolf

      YEAH, THE BOTTOM OF THE POCKET IS WHAT FINALLY DETERMINES THE RESULTS. 🙂

      March 17, 2012 at 1:09 am |
  14. demwit

    Increasing oil production does not drive down gas prices.
    Releasing oil from the national reserve drives down gas prices.

    Errr.., something doesn't add up here, I'm so confused...

    March 16, 2012 at 3:15 pm |
    • Tschrny Wolf

      WELL, OIL CO. CEOS DETERMINE HOW MUCH THEY WILL CHARGE AND HOW MUCH THEY WILL KEEP, SO EVEN IF THEY BUY CHEAP CRUDE, AFTER THEY REFINE IT, THEY INCREASE THE COST OF EVERY GALLON. DO THEY SPECULATE, ALWAYS? WELL WHEN WALKER BUSH GOVERNED, DICK CHENNEY GOT ENMESHED IN THE ENRON SPECULATIVE PLOT. DID BUSH WAKER PUNISH CHENNEY? NOPE. MCCAIIN WAS PART OF THE KEATING FIVE ILLLEGAL SPECULAATION. DID THAT PREVENT HIM FROM SERVING AND LATER RUNNING FOR PRESIDENT:? NOPE.

      SO NOW PRESIDENT OBAMA OPENLY AND DIPLOMATICALLY JUST DISCUSSES LEGAL TRADE WITH ENGLAND, AND THE GOP WHINES SO MUCH? IT SHOWS THE REPUKES DO HOLD DIFFERENT STANDARDS FOR ANYONE WHO IS NOT REPUBLICAN. HOW DISGUSTING

      March 17, 2012 at 1:20 am |
  15. rightytighty

    Obama is more than willing to drain the reserves to get re-elected.., as we can clearly see.

    March 16, 2012 at 3:19 pm |
    • lynette

      And Obama WILL get re-elected, so get over it.

      March 16, 2012 at 3:31 pm |
    • mike

      no one is calling for draining the reserve but to release a portion of it while England does the same on their end would drive prices down (maybe back to $80) and drive gas prices down ahead of the summer driving season, thus giving us more economic growth which the country needs, or would you rather see the economy falter again so your BOy Romney gets elected and raise our taxes while only paying a 14 rate himslef..........

      March 16, 2012 at 6:47 pm |
    • Tschrny Wolf

      YOU DO NOT NEED TO EXAGGERATE. GO STICK YOUR FEAR WHERE THE SUN DOES NOT SHINE ON YOU🙂 ANY RESERVES ARE THERE TO BE USED WHEN NEEDED. GET IT? PLUS FUTURE OIL DISCOVERIES CAN BE SAVED WHEN OUR CRISIS IS SOLVED.

      March 17, 2012 at 1:24 am |
    • Herby Sagues

      Yes, they should keep the reserves forever, they make for a nice touristic attractions. Or even better, sell when price is low. That woudl be meaningful and worthy of a GOP strategy.
      Everyone is complaining that oil prices are high, but when someone suggests something that could bring them down, they complain again. That people like you makes comments like these and then go and vote makes me sad.

      March 18, 2012 at 1:58 am |
  16. Mike

    America will elect Obama again because the GOP/1% can only fool some of the people some of the time, except dumb racist rednecks, but thank God most Americans have a brain and a heart.

    March 16, 2012 at 4:22 pm |
  17. mike

    I hope they did cut a deal if both countries release at the same time would drop the prices driven in large part by big money, by both doing it at the same time would have a bigger impact, but they need to do so before summer driving comes,as people would be more likey to travel on vavcations thus fuleing more economic growth, that is why they both should do it and soon. as for polictical motovated that is what the oppostion will cry, fo those calling for more drilling look at the facts we are drilling and pumping more oil today while under Bush the rate was dropping..........

    March 16, 2012 at 6:44 pm |
    • Tschrny Wolf

      MIKE, WALKER BUSH HAD THE ADVANTAGE THAT HE WAS REPUBLICAN, STILL I THINK HE HAD TO FIGHT WITH SOME OIL MOO\GULS OF HIS OWN PARTY, MAYBE CHENNEY KNOWS.? I DO NOT. THAT IS IN THE PAST AND WE GOT TO DEAL WITH OUR PRESENT NEED. AND THAT IS EXACTLY WHAT PRESIDENT OBAMA IS DOING, BETTER AND LEGALLY THAN BUSH AND CHENNEY DID.🙂

      March 17, 2012 at 1:40 am |
  18. Silence DoGood

    Well here we have a man who has trampled over our bill of rights through such tactics as the NDAA HR 347 by keeping the patriot ct going by trying to enforce churches to do things against thier beliefs including appointing minsters himself and now he is going to realease oil reserves to lower gas prices to get everyone on his good side hummm i have a better Idea bring home the troops we have around the world in illeagal operations and unneeded deployments and see how much the demand for oil is and how much it will cost then plus you will have the military here ready to defend or country's border so no need to worry about mexican drug cartels whom the US government has armed with military grade weapons coming across the border threatening american citizens then you can allow for drilling of oil and other resources right here in america and pss the keystone pipeline further lowering gas prices then end the fed go to a hard commodities standard currency or atleast a competeing currency..... to further increase the stability of America then while you are doing all this think about the first thing you should do while the troops are coming home on the ships lower corperate taxes to around 15-20% and remove regulations that make hiring new employees so expensive in this country and then you will see and econmic boom but you see.........THIS CAN ONLY HAPPEN IN A FREE SOCIETY NOT one RUN BY A SOCIALIST LIKE OBAMA reinstate Constitutional LAW

    March 16, 2012 at 7:58 pm |
  19. Sponge-Bob

    The strictest portion of the Iranian sanctions haven't even been applied yet, just wait two months and you'll likely see another spike in price. The truth is production is up on private land but down on federal land.

    March 16, 2012 at 9:03 pm |
    • Tschrny Wolf

      LOOK, WHO WANTS TO STAY FIGHTING IN AFGHANISTAN, ETC.? THE REPUBLICANS DO. PRESIDENT OBAMA FAVORS LEAVING THE AREA. HE IS RIGHT. DOING SO COULD CALM DOWN THE ARABS AND RESTORE OIL SHIPMENTS. AS OF IRAN, IT SEEMS THAT COUNTRY DOES NOT WANT US TO LEAVE. YES IT SOUNDS IRONIC AND KIND OF CRAZY, BUT LOOK AT THE FACTS. IN REALITY WE CANNOT AFFORD THE MIDEAST WARS ANYMORE. OUR FIRST RESPONSIBILITY IS OUR HOME , AMERICA AND OUR PEOPLE. MIDEEAST PEOPLE WHO ARE IN DANGER COULD EMIGRATE TO AMERICA. WHY NOT?

      March 17, 2012 at 1:48 am |
  20. Tschrny Wolf

    DEFINETELY, GREAT POST MIKE. LET US BE POSITIVE AND FIND NEEDED RESOURCES, MEANWHILE WE NEED TO USE WHAT WE CAN. NOT DOING SO IS LIKE A CHILD REFUSING AN INJECTION HE NEEDS TO SURVIVE. ABOUT BUILDING THAT CANADA PIPE, HOW WOOULD IT BE PROTECTED? SEE TERRORISTS CAN USE AIRPLANES, OR FAST BOMBERS ON MOTORCYLES. THEY CAN SMUGGLE SUTCASES FILLED WITH EXPLOSIVES. nOW THE WEATHER IS WARM, WORKERS CAN TAKE BUSES AND METRO TO WORK. THAT WOULD REPAIR ENVIRONMENTAL DAMAGE AND SLOW DOWN THE NORTH POLE HOLE EXPANSION.

    March 17, 2012 at 1:33 am |
  21. john

    US Crude Oil Production
    (million barrels per day)

    1970 9.637 1991 7.417
    1971 9.463 1992 7.171
    1972 9.441 1993 6.847
    1973 9.208 1994 6.662
    1974 8.774 1995 6.560
    1975 8.375 1996 6.465
    1976 8.132 1997 6.452
    1977 8.245 1998 6.252
    1978 8.707 1999 5.881
    1979 8.552 2000 5.822
    1980 8.597 2001 5.801
    1981 8.572 2002 5.746
    1982 8.649 2003 5.681
    1983 8.688 2004 5.419
    1984 8.879 2005 5.178
    1985 8.971 2006 5.102
    1986 8.680 2007 5.064
    1987 8.349 2008 4.950
    1988 8.140 2009 5.361
    1989 7.613 2010 5.512
    1990 7.355

    Anyone saying we are producing more oil that ever before is LYING.

    March 17, 2012 at 9:26 am |
    • jean2009

      A list doesn't tell everything...it has to be put into real world context.

      How much oil will the United States produce in the coming years? How much can we produce? What is our current and future demand? How much strife will our dependence on foreign oil cause? Those are the major questions.

      This from the Cutting Edge March 17, 2012 website.

      Oil production is projected to go down in 2011 and 2012 by about 190,000 barrels per day, EIA (Energy Information Administration) says.

      That is expected to bring U.S. domestic oil production down from 5.51 million barrels a day in 2010 to 5.40 million barrels a day in 2011 and 5.27 million barrels a day in 2012.

      The cause? Cogan says it’s a result of the “natural rate of decline in existing wells,” as well as the lasting effect of the Gulf of Mexico moratorium that was imposed after last year’s oil spill and the slow-down in permitting in the Gulf.

      How many barrels of proven oil reserves does the United States have?

      The EIA says the United States has 20.7 billion barrels of proven oil reserves as of 2009, the year with the most up-to-date data available.

      How does that compare with other countries?

      U.S. proven reserves are significantly smaller than countries like Canada (178.1 billion barrels), Venezuela (99.4 billion barrels), Saudi Arabia (266.7 billion barrels), United Arab Emirates (97.8 billion barrels) and Libya (43.7 billion barrels).

      Overall, based on those numbers, the United States has about 2 percent of the world’s proven oil reserves.

      Not all of that 2 percent is readily available with our current technology. Nor do we have the means to access all of it.

      How much oil does the United States consume?

      The United States consumes massive amounts of oil. The EIA says the United States consumed 18,771,400 barrels of oil per day in 2009. That’s higher than any other country in the world.

      To put that number in perspective, the United State consumes more oil than Africa, the Middle East and Central and South America combined.

      In total, the United States consumed 6.85 billion barrels of oil in 2009 and 6.99 billion barrels of oil in 2010. That’s about one-fourth of the world’s oil.

      We consume 1/4 of all the oil produced in the world and we only have 2% of the overall world reserves, some of which we don't have the current technology to extract.

      Even a dramatic expansion of domestic oil and gas drilling will have little effect on oil and gas prices, as they are largely set on world markets.

      In other words FOLKS...them whose got the most reserves gets to set the price....our whining and stomping our feet like children won't change that fact. We simply can't drill our way out of this.

      Jimmy Carter basically told us that 30 years ago, and no one wanted to listen...but it was the truth then as it is now. Carter wanted to pursue solar, wind, and alternative energy....but Reagan took the solar panels off the White House.

      How much longer do we have to listen facts before we finally understand people are not just crying WOLF.

      To me, logic would suggest we should be peddling faster for alternative energy sources instead of sitting around on our hands whining about the price at the pump.

      March 17, 2012 at 4:20 pm |
      • Graham Krueger

        Right 100%. I think this is Obama's greatest failure – that he didn't use the supermajority to ram a proper energy bill through. Not the Republicans are better, but this was quite an opportunity, and it's been pretty thoroughly wasted. Oil is not the future – the only question is will we arrive at the future before we cripple it.

        March 18, 2012 at 1:56 am |
      • terry

        25% of the oil is a pretty good deal for the rest of the world! Considering we feed, cloth, protect, supply medicine and are first on the scene when someone needs help. The majority of the time we don't get paid back for our efforts, instead we get spat on and criticized.

        March 19, 2012 at 12:27 am |
    • TEAPARTYISDIRTY

      Yes, you are lying..

      March 17, 2012 at 5:48 pm |
    • Independent.

      2008-2009 it went up.

      March 19, 2012 at 8:06 am |
  22. Howard's Daddy

    Here's a free market idea. If you cannot afford it, don't buy it. Walk to work you fat slobs. – A proud Republican

    March 17, 2012 at 11:26 am |
  23. whataboutit

    The Keystone Pipeline isn't just about oil, it's about pollution and our country's future. Canada wants to run the pipeline south through the US and not west across Canada because they don't want the mess on their land! I'm tired of people saying that caring about our children and grandchildren means only caring about how much they pay for gas, not caring about the air they breathe and the water they drink.

    March 17, 2012 at 11:30 am |
  24. judy

    If the president could change the gas prices I think he would. This would ensure reelection. But he can't and you dummies that keep blaming the price on the president are either stupid or just talking repo trash hoping that if you say it enough people will believe you..That seems to be a repo tactic. If you lie enough people will fall for it. And I guess some will. Plenty of dumb people keep posting comments reguardless of the artical. John your numbers only go to 1990. Better take another look . Obama 2012

    March 17, 2012 at 3:02 pm |
  25. BIg Lib

    So I do not understand the tea baggers and the GOP. So people are complaining about high gas prices so the president listens to hi people and is trying to do something to help affect the price at the pump the only way he can. Then you all say he is just doing it for votes. I think the GOP and tea baggers are to simple minded people you cannot comprehend the complex world or the way the government really works so you just sit there watching what fox news (which by the way is not a news network but an entertainment network they do not care about the news just getting tea baggers all worked up) so you take there talking points as the truth with out doing the research for yourself. Then you get on your computer which I am amazed you all can even use (surprised you could even spell CNN). Then you spout your hate because you do not have the brains to think for yourself so you let Fox news do it for you. So do us all a favor divorce you cousin or sister and pick up a book I would start with a pop up then work your way up to the big words then maybe one day you can post an almost intelligent thought.

    March 17, 2012 at 4:36 pm |
  26. enkephalin07

    Obama denied that he could influence the price of oil, but screwing with the speculators will do the trick. Just the rumor that the reserves will hit the market appears to be enough for now.

    March 17, 2012 at 7:28 pm |
  27. Ryche

    Here in lies the problem.. Go to youtube right now (I know you libs wont.. Facts hurt) and you can find pelosi, obama, schumer, biden and other democrats blaming high gas prices on Bush... That it was his policies that were causing prices to sky rocket.. They used gas prices as a hammer to hit Bush with everyday.. News stories everyday on the effects of high gas prices on people.. . Now the shoe is on the other foot and the liberals dont like it.. i read blogs everyday where the liberals scream and call people names about how uneducated they must be for thinking that the president has anything to do with gas prices...

    So i think its great that the GOP has been using gas prices as a hammer to hit obama with... I say hit him again and again with high gas prices and scream it at the top of their lungs... Sort of like "whats good for the goose, is good for the gander".. Now one can argue all day long wether or not any president can affect gas prices... but that's not the point really.. its a popular political issue that can turn votes by blaming a president.. The liberals were masters of it.. Now the GOP has adopted it and im here to sit back and watch the fun unfold..

    March 18, 2012 at 12:12 am |
    • Herby Sagues

      So? Your point is that it is either ALWAYS the president's fault or it is NEVER the president's fault? Where is the logic in that? It might be perfectly true that Bush WAS to blame for high fuel prices (as he drove the actions, even the international ones, that drove prices up) and Obama is NOT to blame this time as it is the result of an action betwee two other countries where no reasonable and balanced act by the US could have affected prices. I don't know if that's the case (I'm pretty sure Bush was to blame in 2008, I'm not too sure Obama is not in this case) but your logic is completely flawed.
      Yes, fact checking is important, but using your brain is even more important, if what you want to find is the truth.

      March 18, 2012 at 1:52 am |
  28. Ryche

    and of course Judy just above me is a perfect example.. Hateful, spiteful, and full of name calling.. All because the GOP and Republican voters are using a popular liberal tactic of blame the president for gas prices..

    BTW, Jons numbers are correct there Judy.. It shows 2 colums.. last column lists 2010.. i think it is you who needs to take another look.. both at Jons numbers, and your critical thinking skills..

    March 18, 2012 at 12:16 am |
  29. Herby Sagues

    One interesting aspect is that this sort of move tends to be profitable for the government: you sell oil at its peak price, buy it back slowly when prices go down after the end of the Iran crisis (whenever and whatever that is). Unless there's another crisis or an economic boom which drives petrol prices up, you end up getting back your reserves and with some surplus cash (a few billion dollars).

    March 18, 2012 at 1:49 am |
  30. Graham Krueger

    What I blame both Bush and Obama (actually throw in Clinton, Bush I and Reagan while I'm at it) is for doing absolutely nothing for alternative energy. Sadly, Carter was the last leader we had with a grasp of the energy crisis and how it must be solved over the long term. now the oil levels are falling, and the only things rising faster than oil prices are the temperature and sea levels.

    March 18, 2012 at 1:58 am |
  31. jon

    Obama already tapped into the reserves, the price of gas went down 20 cents per gallon and two weeks later it went back to the previous level.

    March 18, 2012 at 2:19 pm |
  32. Kathy

    Let ,e try and understand this. We are tqlking about our president who very recently said he had no control over gas prices and he should not be blamed. The media has been reporting he has no control and....Oooops...what's this little spicket for. Oh my gosh...SURPRISE!!!! Yeah...thats a definition of 'trustworthy' 🙂 LOL

    March 18, 2012 at 7:45 pm |
    • Tschrny Wolf

      LOOK KATHY, EXPLAINING THE CONSEQUENCES OF OIL SHORTAGES IS ONE THING, AND THEN PROVIDING A CURE ANOTHER. PRESIDENT OBAMA MADE AN EXCELLENT POINT WHEN HE FOCUSED OF THE DANGER WE DEPEND ON TROUBLED AREAS LIKE THE MIDDLE EAST AND THE IMPORTANCE OF SEEKING ALTERNATIVE AMERICAN NATURAL GAS. SEE, OVERUSING OIL IS BAD FOR AMERICA AND AMERICANS. IT IS LIKE A NARCOTIC ADDICTION.THOSE HYPOCRITES CONSERVATIVE BILLIONAIRES WHO OWN TWO OR FOUR CARS, LIKE MITT DELANEY AND HIS WIFE DO.YES THE FEET OF THE SUPPOSED GREAT ANCIENT GULLIVER WERE MADE OF CARDBORD.:)

      March 19, 2012 at 5:37 pm |
  33. joeschlag

    The world-wide price of oil has been dropping for several days, has it not? When does that show up in the price of gas? Israel's former top military and intelligence people have been coming out in droves trying to throw cold water on the "attack Iran" idea. And now the current intel chiefs are being quoted unnamed in the Jerusalem Post and New York Times doing the same. Cannot that ameliorate the right-wing talk of attacking Iran, and with it stop the rising gas price caused by it?

    March 18, 2012 at 9:16 pm |
  34. jerrydecaire

    Man, I can't believe any of you folks. Why are any of you placing faith in any politics and in any politician? It's good cop vs. bad cop. Yes, Bush made a mess of everything and yes, Obama has sold us out to wallstreet with many cabinet members being from Wallstreet and the majority of Obama political dollars coming from the same. And he has given us a health care plan that fines and incarcerates those who won't pay for health insurance by force. He waits until election year to send our troops home, and he'll create a new stir just before election time-just watch! And by the way, before you mistake me for Howard-I voted for Obama! Wake up America-we've all been sold out! Do you really believe Obama isn't going to reward Wallstreet for their help? And why isn't he giving a national mandate to all US providences that the Wallstreet protestors are allowed their peaceable assemblies? Wake up! Wake up! Wake up! EXXON had windfall profits in the trillions and get billions in subsidies. You think they don't have our reps in their back pockets? Including Obama?

    March 29, 2012 at 2:18 am |
    • Tschrny Wolf

      SORRY, YOUR POLITICAL INTERPRETATION DOES NOT HOLD WATER, SIR. YOU MAKE THE SAME DUMB STEREOTYPE THE CONSERVATIVES ARE USING. FOR ALL OF YOU IF PRESIDENT OBAMA DOES ANYTHING, IT IS BECAUSE OF ELECTION YEAR. JUST RIDICULOUS, WHAT IS NEXT, IF HE GOES TO THE BATHROOM, WILL YOU CLAIM HE GOES POTTY BECAUSE OF ELECTIONARY INTERESTS? JUST LAUGHABLE. YOU ARE REALLY A SICK PARTY.

      March 29, 2012 at 4:34 pm |
  35. Tschrny Wolf

    IT IS SO OUTRAGEOUS TO CLAIM THE PRESIDENT OBAMA ACTS FOR ELECTION GOALS; WHEN HE IS SIMPLY DOING HIS JOB AND GETTING US RESOURCES WE NEED SO BADLY! IN REALITY, THE CONSERVATIVES SHOW HOW DIRTY THEY PLAY AND ARE. JUST DISGUSTING.

    March 29, 2012 at 4:38 pm |
  36. Edmilson

    Let me say first that I have a healthy cepsert for those in our midst that swim against the current.I think that I can fairly say that that's what a black conservative is. And a black woman conservative–you're practically in a class all your own.You say that Obama has "extremely liberal views." Would his views be more palatable if he merely had "liberal views"?I'm not trying to be contentious, just sincerely interested in your point of view.A democrat, by definition, is a "liberal," just as a republican, by definition is a "conservative."I know: there are various shades within those categories.Of late, many white conservatives have elected to endorse Obama–and they're neither black nor liberal.I believe that it's the Palin factor that is the primary reason why C. Powell endorsed Obama, despite his stated cepsert for her.Also, I believe that Powell cepserts a woman's right to choose, and is concerned that the next president will have the opportunity to nominate a couple more Supreme Court Associate Justices and, if that president is a republican, it would tip the balance towards a conservative majority, potentially threatening the existence of Roe v. Wade.Truthfully, Palin, in my opinion, is not up to the task of filling presidential shoes should some calamity befall McCain.And that his slogan is Country First is all the more ironic that he selected Palin to be a heart attack away from the seat of presidential power.Clearly his decision was political first and country last.Again, I cepsert your ideology, although I find it flawed, and I, as do many other blacks, find the term, black conservative, to be paradoxical and inexplicable.I will return to read up on your evolving conservative views of your world. But I probably won't attempt to change your conservative outlook.That would be inexcusably presumptuous of me.You see, I don't necessarily feel a liberal point of view is superior to a conservative point of view, or vice versa.It is what it is.I see the world more in light of what works or doesn't work, given what it is we say we want.For me, at this moment, in light of what I say I want, the liberal view works better.

    April 5, 2012 at 1:11 am |