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Bush: No quick fix for gas prices

Money – President Bush said Monday that he's troubled by rising gas prices and will take a look at proposals to relieve the crisis but warned that there is no quick fix.

Tags: Gasoline Prices, OPEC, Oil, Economy, Bush

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Bush is really amazing...duh...no quick fix for rising gas prices. A rocket scientist, no?

But if he had paid just a wee bit more attention to this country in terms of the economy in the first place, maybe we wouldn't be in this situation, or as badly as we are now.

Too little, too late, and all of it wrong from our fearless leader...good riddance to him!

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I really don't know where you think oil comes from, but I'll give you all a hint: It doesn't come from the White House.

We have to drill for it... oh yeah, we can't. ANWR makes for such nice postcards that they won't let us.

We could burn coal and drop the price of a gallon of gas to $1.50 by end of summer.. oh yeah, we can't. Environmentalists won't let us.

There is NOT a single thing ANY politician ANYWHERE can do about getting another drop of oil into your gas tank at a lower price without being able to DRILL!

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The price of oil was stable for about 20 years prior to 2004.

What event that destabilized the middle East occurred shortly before 2004?

Now, who, for more than five years has ACTIVELY been destabilizing the middle east? Bingo - Mr. BUSH.

If you look at the oil prices for the past 40 years, you will quickly see the correlation between price and middle-east stability.

Another major factor in oil price is the low value of the dollar - again a problem manufactured by the BUSH administration.

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Locky...thanks for your hint...it's greatly appreciated...read above by quackpot, please...

Of course Bush isn't totally responsible for the gas prices. But he should have had the foresight to see that it might happen...right? That's why he has a Vice-President, and his Cabinet around him. If he didn't think about it, why didn't they, and advise him?

That's why he was elected...that's why we pay him...to look out for us.

Oh...by the way...I understand your back yard was recently determined by a major oil company to be an excellent place to drill for oil...lucky you...

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Oh, Bush thought about oil before the war, and so did Cheney. You can be sure of that--they're both oil men.

And of course, just the other day, John McCain came right out and admitted that the war in Iraq was all about oil, though he had to backtrack on that statement because the public wouldn't be too happy if they actually knew about it.

But the invasion was clearly not about controlling the Iraqi oil fields, because we didn't secure them. It was about, as quackpot said above, destabilizing the region, which drove the price of oil much higher.

The failure of the dollar, and OPEC's switching to trading in euros rather than the dollar, has a lot to do with the price rise as well. The euro is far more stable than the dollar now because of our skyrocketing national debt and sinking manufacturing and service base, as well as the outsourcing of U.S. jobs to other countries.

Oil folks couldn't lose when Iraq was invaded. The rest of us couldn't win.

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First of all, it doesn't help that China and India are starting to tap into the world oil supply at a MUCH GREATER rate than even 5 years ago.

Secondly, Bush could have done something, we could have drilled in ANWR. We could have started using coal to a limited extent.

What is your solution? Schumer's? "Windfall Taxing" where instead of big oil keeping your money, the government does and will pi$$ it away? Where either way it's out of your pocket anyway?

Yeah. Great plan guys.

How about lowering the gas tax or making it flat? That'll lower the price of gas.

But no, Obama arrogantly says it'll just save you $28 over the course of summer. Never mind the fact that it's YOUR money to begin with.

Hey, unusual suspect could finally buy a Norelco Razor he desparately needs.

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Norelco Razor! LOL.

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LOL...sorry...an old-fashioned Gillette for me...

Here's my plan...divide all consumer vehicles (cars and light trucks, not semis or other trucks necessarily used for transportation of goods or products) into 3 classes:

1. Those who own vehicles which take the most gas, say less than 18-20 mpg, they should pay more tax on gas because they use the most;

2. Those whose vehicles get 20-30 mpg would pay roughly the same or a slightly less tax than they do now;

3. And those who have cars which get 30-60 mpg would pay the least, or maybe nothing, sort of a bonus for buying a more fuel-efficient car.

Not a perfect system, of course...some bugs would have to be worked out, but I think it's a good start. Give me your best idea, Locky...see what you got!

Also, I would ban all car racing, like Nascar and others, just because it wastes gas unnecessarily. In fact, I think Nascar and others should voluntarily stop racing on their own...show us they care about the gas situation, too.

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Unusual

Excuse me but your system sounds a lot like the same system we now have if you buy more gas you pay more taxes, buy less, pay less taxes. The only difference is the middle or moderate group pay about the same as now. So how do you plan to implement this plan at the pump?

I'm not really a Nascar fan but I think you are really over the top with that idea. I don't think Nascar fans will go for it either.

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But in this case, if 3 people each bought 20 gallons of regular, the person with the gas guzzler would pay more in taxes, and the person whose car gets 40 mpg would pay less, or no taxes, right at the pump. Whether by a sticker on the car, or an electronic pass, each person would pay according to the type of vehicle they have. Certainly not an easy thing to do, possibly, and having an honor system would probably fail miserably, but I do think those with vehicles that consume a lot of gas to get them from point A to point B should be taxed more.

I could care less about the Nascar fans...a "sport" that's such a waste of fuel is not necessary...they should set an example and try to conserve...

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"Also, I would ban all car racing, like Nascar and others, just because it wastes gas unnecessarily. In fact, I think Nascar and others should voluntarily stop racing on their own...show us they care about the gas situation, too."

So much for freedom under UnusualSuspect

Would you ban anybody from flying or driving for vacation?

Those waste gas and aren't necessary.

Maybe ground Al Gore's private jet since he could fly commercial, right?

Ban ALL sporting events, imagine how much gas would be saved if 20-50k people didn't drive to baseball games everyday in the 32 cities that have teams.

Wow, for once I can say I'd rather have Obama, McCain or Hillary as President then somebody else...

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How about reducing tension in the Middle East and elsewhere rather than Bush/Cheney Sword rattling?

How about a little less deficit spending and a fewer newly printed dollars (much of the price increase being due to low dollar value)?

How about a bit more promotion of initiatives aimed at reducing energy use?

How about harvesting politicians' hot air?

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"If you look at the oil prices for the past 40 years, you will quickly see the correlation between price and middle-east stability."

LOL

I think you need to look at the consumption of oil by countries like China and India in the past 8-10 years, then come back and blame it all on Bush.

Supply and demand my friend.

Demand has been going up at alarming rates, supply can't (or won't for higher profits) keep up, hence higher gas prices.

Economics 101.

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You and Locky both have been reading the same oil-company propaganda about China's and India's demand for oil.

How much has their demand increased exactly? 50%? That would be quite a bit.

The cost of gas has nearly tripled since Bush took office. That hardly seems in line with the increased demand you're speaking of.

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In 1967 oil was $3 per barrel. Being an oil man he loves this considering his partners are in Saudi Arabia. He could have said to the Saudis if you want the military aircraft, lower your prices and increase your output for example. He could have done some regulation of the oil companies with their obscene profits. He could have lowered the speed limit to 55. he does not care!! When you defenders of this thing occupying the White going to wake up!!!

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behindcurtain wrote -

"...give a rat crap for the small town uneducated idiots in the army..."

My cousin is in the Army. He's neither small-town, uneducated or an idiot.

You'd do better with your argument with less name-calling and vitriol.

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Come to think of it my uncle is too. He has a doctorate. It's not a bad career path as long the country isn't at war. You put in your 20 years, get a pension and retire or start a second career.

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behindcurtain-

"...red state walmart uneducated evangelical trash..."

You're right about a lot, but you'd do better by not generalizing people.

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BehindCurtain:

You have the same ability to destroy the argumentation of your own side, by vindictively overreaching accusations, as Midleft and Hyperbola.

Is there a sockpuppet behind that curtain?

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Drill here, drill there, drill everywhere ...

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No there's no quick fix for the gas prices. GWB and his oil buddies must be allowed to drain us and bleed us dry for as long as he is in office. GWB has been kissing their so-called royal rumps for a long time. The Saudis that is.

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What a steaming load of crap.

Here's the quick fix: a national policy encouraging telecommuting. Fully 40 percent of U.S. workers could do their jobs from home. That would cut our fuel consumption literally overnight. It would take the wind out of the speculative sails that are driving the price of oil into the stratosphere.

Telecommuting:

reduces petroleum consumption

reduces traffic and pollution

requires no new alternative fuels

works with technology widely available today

So who says there's no quick fix? Only a corrupt idiot.

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Why hasn't Bush authorized tapping the Strategic Petroleum Reserve in an effort to save the consumers some money?

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Because it won't do much in the short term and nothing over the long term. It's yet another gimmick.

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There is no quick fix for the damage that they have done to our standings in the world either .

W. and Dick have done one hell of a good job protecting us from terrorist ...just not from THEM and their GREED .

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They have? Can I sell you a bridge?

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Sarcasm .....

They have made it a VERY dangerous world to live in !

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Sorry! I should have realized

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They have NOT done a good job of protecting us from terrorists 1basque1 - they are the terrorists!

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At least take the bully pulpit and ask people to drive less, combine trips, car pool and check the air pressure on their tires.

He doesn't feel our pain.

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"He doesn't feel our pain.", that is because of all the "coke"

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I hear he hooks Obama up with some good China White....

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As well as Cindy McCain.

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Why would he and Dick limit their own profits? Same reason that even though Blackwater killed innocent people in cold blood they are still given no-bid contracts from our government.

It won't stop until they are out of office.

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China's gonna get our gulf oil and make Cuba rich ...

And they won't do it as clean as we would have.

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Yeah, how's that economic embargo of Cuba working out for us. Seems like we'd be better off being friends with our neighbors then enemies. Just my foolish kindergarten kumbaya train of thought though.

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Maybe we should make it a state?

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How many of you even knew where Anwar was before you found out we couldn't drill there? How many even know now?

Did you think it was in Central Park? One of the most isolated areas in the USA with millions and millions of acres under government control, we cannot spare a few to drill some holes.

You need more oil, you go where it is, you drill a deep hole and you suck it out! Is that so hard to figure out?

Your attitude is hurting our country, but somehow, in your distorted minds, you think your attitude is helping the planet.

It is not ...

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You either think that some areas of the planet should be protected and free from development or you don't. I'm the former and you're the latter.

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Then don't complain about the price of oil.

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You either think there's more then one way to solve this problem or you think the only way is to drill more. I'm the former and you're the latter.

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Are you sure??? I thought I was the latter.

Anyway, solve it your way. Do it within 5 years ... OK.

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