Bachmann: I'll get gas under $2

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SamH said:
Please, the word you should use is “actually”.

Please, the words you should use are “like minded” and “make an over reaching conclusion”
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SamH, I’m afraid that you and I are going to have to agree to disagree on this thread.
 
I wasn’t going to comment further but here’s something from the ultimate authorities, Click & Clack:

[
Michelle Bachmann’s $2 a Gallon Gas: Don’t Count on It
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Speaking at a fist-pumping rally on Tuesday when gasoline was at an average price of $3.58 a gallon, Republican presidential candidate Michelle Bachmann said, “The day that the president became president, gasoline was $1.79 a gallon. Look at what it is today. Under President Bachmann, you will see gasoline come down below $2 a gallon. That will happen.”No, it won’t. That makes a great campaign applause line, but presidents don’t control gas prices—they’re set on the international spot market. Bachmann lacks a magic wand, and virtually no oil analyst sees the pain at the pumps easing to that degree, not in 2012 or anytime in the conceivable future. If I was a speculator (which I’m not) I’d be betting on higher prices for the foreseeable future.](Jim Motavalli | Car Talk)
 
ProVobis said:
Monte, I agree with much of what you say but there is more than just having the oil. Witness Iran which makes ton of money producing oil but its poor technology can’t produce refined low price gasoline. Thus they have to import gasoline to satisfy their drivers.

You have to give the credit to US firms which can refine the oil efficiently. When oil was at $20, price of gasoline was about $1.50 - 2.00 or so. So at $100 a barrel, one would expect five times that high, right? But that hasn’t happened, so it’s more than just deregulation of oil drilling that causes gas prices to be more affordable while enabling the economy to grow.
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Iran also has a command economy.

Which is about the worst possible situation for the welfare of the people.

They “could” be building refineries to make gasoline. All they need is a telephone and a credit card and call any one of hundreds of companies that build oil refineries.

But they instead are focusing their energies and money on building a nuclear weapon and long range missiles. [Gee, I wonder who they have in mind to use those nukes and missiles against? Hmmmm/???]
 
gilliam said:
The Obama Administration, in its release of the 2012 defense budget, included plans to modernize the nation’s nuclear weapons arsenal, as well as maintain them.

fas.org/blog/ssp/2011/02/nuclearbudget.php
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The U.S. nuclear weapons inventory … 1945 - 2009:

airforce-magazine.com/MagazineArchive/Magazine%20Documents/2010/July%202010/0710chart.pdf

U.S. and Russian strategic warhead inventories … 1945 - 2009

airforce-magazine.com/MagazineArchive/Magazine%20Documents/2011/January%202011/0111chart.pdf
 
Monte_RCMS said:
The U.S. nuclear weapons inventory … 1945 - 2009:

airforce-magazine.com/MagazineArchive/Magazine%20Documents/2010/July%202010/0710chart.pdf

U.S. and Russian strategic warhead inventories … 1945 - 2009

airforce-magazine.com/MagazineArchive/Magazine%20Documents/2011/January%202011/0111chart.pdf
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Nuclear Security Group stands up at Kirtland: Air Force officials last week activated the 377th Security Forces Group to unify and oversee protection of nuclear weapons, personnel, and facilities at Kirtland AFB, N.M. The unit’s stand up will “not only strengthen nuclear and non-nuclear security, but also triple the leadership of the Air Forces’ largest nuclear security tasking,” said Col. Robert Maness, 377th Air Base Wing commander, as he unfurled the unit colors, Aug. 15. The Air Force also activated the 377th Weapons System Security Squadron and realigned the 377th Security Forces Squadron under the new group, now encompassing more than 600 personnel. Kirtland is home to the Air Force Nuclear Weapons Center that ensures the reliability, sustainment, and modernization of USAF’s deterrent arsenal. The 337th SFG first stood up at Ramstein AB, Germany, in 1985, inactivating in May 1991. (Kirtland report by Marie Vanover)
 
Gilliam and Monte, thank you for the links. They were very informative.

ChadS
 
Cheap gas is the reason why Clinton was successful. The first Bush kicked Saddam out of Kuwait in '91 just in time for them to give us gas in '92 at 67 cents per gallon. Producers and consumers both win-win. That’s why Clinton was successful. He was lucky, not a genius. Bachmann has simply studied history.

Notice how the US govt. has removed the historical price of gas from their website if you try to find it. The dems don’t want people dreaming about cheap gas. The higher cost of living will promote a heavier reliance on govt assistance to create more socialist economics. When life becomes too expensive, people will need help from the elitists who failed to fix the problems in the first place. The more that people suffer, the more seats the libs win.
 
ManOnFire said:
Notice how the US govt. has removed the historical price of gas from their website if you try to find it.
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If you don’t mind looking at inflation-adjusted numbers, check this:

www1.eere.energy.gov/vehiclesandfuels/facts/2005/fcvt_fotw364.html

Notice price inflation really began during Nixon’s term (1973 or so) after he took us off the gold standard. In fact he had to impose a wage-price freeze in order to hold down price increases. (Anyone remember the long gas lines after that?) When this freeze was removed prices skyrocketed until Volcker started his program of halting inflation by increasing interest rates.

Another good graph. Check out price increases when Bush was in office.

zfacts.com/p/35.html
 
ProVobis said:
If you don’t mind looking at inflation-adjusted numbers, check this:

www1.eere.energy.gov/vehiclesandfuels/facts/2005/fcvt_fotw364.html

Notice price inflation really began during Nixon’s term (1973 or so) after he took us off the gold standard. In fact he had to impose a wage-price freeze in order to hold down price increases. (Anyone remember the long gas lines after that?) When this freeze was removed prices skyrocketed until Volcker started his program of halting inflation by increasing interest rates.

Another good graph. Check out price increases when Bush was in office.

zfacts.com/p/35.html
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Why is the govt forcing us to look at inflation-adjusted numbers? Why can’t I see just the historical actual prices? Is it some sort of secret? I would have made weekly notes of them had I known th egovt would be hiding them. That’s my point.
 
ManOnFire said:
Why is the govt forcing us to look at inflation-adjusted numbers? Why can’t I see just the historical actual prices? Is it some sort of secret? I would have made weekly notes of them had I known th egovt would be hiding them. That’s my point.
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Do people call a 30-point drop in the stock market a major crash like they did in 1929? Inflation-adjusted numbers are more meaningful actually. As are semi-log graphs as the Fed continues to increase the money supply. People were complaining about 45 cent gas in 1971 and went to buying VW to get more miles per gallon. Dollar has decreased substantially in value since 1913. It changes daily in fact. It’s not a Democrat vs Republican thing. That’s my point, although I agree that the government does hide a lot.

That said, be patient. It took me a while to find the Dow prices in a nice downloadable format so in time (maybe I’ll stumble across something in the next hour or two) you’ll probably find the information you want in the format you want.

You might even want to recheck the first website I gave you for raw prices. 😉
 
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