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Stuff You Can’t Make Up…

April 26, 2011

No, this did not come from The Onion.

Obama says he wants oil producers to boost output

Oh, wait, you wanted more?

“We are in a lot of conversations with the major oil producers like Saudi Arabia to let them know that it’s not going to be good for them if our economy is hobbled because of high oil prices,” Obama told a Detroit TV station.

His remarks signaled a broad new appeal in the face of skyrocketing gasoline prices in the United States and they came as he reiterated a call for Congress to repeal oil industry tax breaks.

Yes, there was no break between those two thoughts in the article.  Here’s the president urging congress to remove tax breaks for the oil industry in the US… which would surely push gas prices upwards nearly immediately.  At the same time, he’s pushing oil produceers (but only outside the US, of course) to up production.

Really, I’m speechless.  I… I…

Oh, whatever.

There are occasions where I see a decision or statement in Corporate America where I just scratch my head.  I’m sure the executive was sincere in the comment, but things just don’t translate.  Well, Mr. President, welcome to a future as a corporate boss in a Dilbert cartoon.  I respect your ability to want to do the job you do, but that was just… just… oh, nevermind.

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6 Comments leave one →
  1. April 30, 2011 2:12 pm

    I have a piece in the works that explains why this is barking up the wrong tree. Gas jumped to $4.15/gallon here in Ohio today, with crude at $115/bl. In 2008 gas didn’t top $4.00/gal until crude topped $140. I think it is partly 2 things: Fed inflation hitting harder here in the U.S. (gas v. crude prices), and a gasoline inventory shortage. With crude prices where they are, gasoline wshould be at $3.00/gallon under the conditions present three years ago.

    • May 1, 2011 8:25 pm

      It’s a much weaker dollar, which doesn’t help. On the other hand, the corollary that higher gas would affect the stock market isn’t happening, and a lot of people are also saying that’s partially the weaker dollar.

      But I think assuming that gas is linear and always will be in comparison to price of oil is being a bit too simple… but I’m all over reading the post when it’s up.

      • May 2, 2011 10:10 am

        I agree that the relationship isn’t linear, but the question I have is why pump prices are over a third higher relative to 2008. That’s a pretty big jump. I’m not an expert on the energy industry, so the question really is a question. Something – somethings – are different to make that big of a price difference in less than three years.

  2. April 27, 2011 4:54 pm

    Obama could halve the price of oil in thirty days — by announcing his commitment to the US economy through opening the US to oil exploration, and sticking to this commitment.

    That’s all it would take.

    And Americans would overwhelmingly approve — but it would really boost the US and make it truly energy independent, and these seems not to be goals of President Obama, nor of the far left in this country.

    That “who’s Catbert?” doesn’t quite have the same ring as “who is John Galt?”

    ===|==============/ Level Head

  3. April 26, 2011 10:40 pm

    well, the REAL question I have is “who’s Catbert?”

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