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Gas prices will kill the economy



Published: Mon, February 28, 2011 @ 12:00 a.m.

Gas prices will kill the economy

THe other day, gasoline in Boardman was selling for $3.39.9 per gallon. I bought gasoline a week a or so earlier for $2.91.9 per gallon. What has happened in the meantime to justify a 48-cent per gallon increase in the cost of gasoline? The answer is nothing.

I recently read that oil company profits are at an all-time high. You haven’t seen anything yet. It does not cost anymore today to pump a barrel of oil from the ground than it did two years ago. The oil companies and speculators can drive the price of oil to any level they want.

Both are quick to jump on the situation in the Middle East to raise prices. It doesn’t matter that plenty of oil will still be shipped in from the Middle East and other producing nations. Our government takes no interest in serving the countless drivers in the United States. Our president wants the price of gasoline to go up to $5 per gallon or higher. What will happen when that occurs?

I have heard several of my friends say that they can barely afford to go to work now. We are in the process of trying to recover from a severe recession at the present time. Does anyone think that $5-per-gallon gasoline will expedite that recovery?

I read that the United States has a strategic reserve of 1.8 billion barrels of oil with an untold amount of oil that could be taken from the ground. It is time for the United States to take over production of oil in Alaska and off-shore reserves.

If I were president I would demand that the price of oil be no more than $40 per barrel, which would break the backs of the oil companies and speculators. I am tired of having my standard of living constantly reduced by these people. It hurts me even though I am retired and can selectively choose to drive.

George Grim, Boardman


Comments

1jrolley325(800 comments)posted 3 years, 8 months ago

as long as 100% of our elected officials are bought and paid for by the oil companies, nothing will change.

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2Silence_Dogood(1356 comments)posted 3 years, 8 months ago

If the Dem's would have allowed us to open up ANWAR when Bush first proposed it, we would be about a year away from the first drop's of oil from flowing to us in the lower 48. We would be that much closer to independance from Arab oil. And we could control the price better.
Hey Dem's "thanks for nothing".

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3peacelover(790 comments)posted 3 years, 8 months ago

Could someone please explain to me why it would benefit President Obama for gasoline to go above $5 a gallon? I hear this a lot from you right wingers and assume that many of you must have heard some talking head on Faux News say that and are all too happy to parrot it whether it makes any sense or not.

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4Stan(9923 comments)posted 3 years, 7 months ago

peacelover:

"Could someone please explain to me why it would benefit President Obama for gasoline to go above $5 a gallon?"

What measures is the left taking to alleviate high fuel prices ? Could you explain that ?

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5TylerDurden(367 comments)posted 3 years, 7 months ago

Dubya and Obama are sisters.

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6rico13(19 comments)posted 3 years, 7 months ago

not only does it not cost any more to pump it. it dosent cost any more to refine it. there have always been record profits.

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7Silence_Dogood(1356 comments)posted 3 years, 7 months ago

Quail
It really is a very simple concept,if we produce more, we will rely less on others.
And we won't have" to recoil in dread or terror" or "cower" or "falter" or "wither" or "decline" or "give way" to a Foreign Nation.
Great pen name though.

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8Benjii(26 comments)posted 3 years, 7 months ago

I am sick of hearing about how certain people are "bought and paid for". That has NOTHING to do with it. Oil prices, like all commodoties, are controlled by speculators who buy and sell years in advance. Bush dropped the price of oil in 2007 by lifting the Presidential ban on off-shore drilling. Prices on crude oil dropped from $150 to $45 a barrel. President Obama can make this happen in an instant. Lift the ban on off shore drilling, open up ANWAR, start building new refineries, and expand our use of nuclear power. Oil will be $40 a barrel in 6 months.

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