aplusmnt":1khd03ha said:
Frankie":1khd03ha said:
I don't remember gas taking a big jump under Clinton. Will you please post something showing that it did AND STAYED HIGH.
If you remember there was a rise and stink going on just a few months before Bush took office. Prices were already rising, partly due to the fact Clinton spent the previous 7 years doing nothing or actually hurting things by vetoing legislation that would increase oil production in the U.S.
Spin. Republicans had Congress for 12 years, six with the White House, too. What kind of energy policy did they come up with? It hasn't affected the price of gasoline.
If you notice below the oil companies profits rose 500% in one year under Clinton! ;-) Why was Clinton dipping into oil reserves if prices were stable during his term?
Don't know. But you haven't shown that gasoline prices and oil company profits rose and stayed up under Clinton like they have under Bush. I'm waiting.
Basically Bush inherited Clinton's lack of energy policy, and the start of rising gas prices as he came into office.
And the energy policy Bush and Cheney put in place is a mystery because Cheney refuses to release the minutes of his meeting with oil company execs early in his tenure in office. They'll be available some day. Remember when they come out that I said they planned to stick it to you and me at the gas pump.
then came 911, war in Afghanistan, war in Iraq, major instability in the Middle East, threat of War with Iran.
There's no oil in Afghanistan. Why should that affect oil prices? And 9/11 pretty well shut the country down for a while. Gas demand was down for a while. Was that reflected in gas prices. 9/11 had nothing to do with the war in Iraq. That war didn't just happen, Bush made it.
With all that going on we should be happy gas is not $5.00 per gallon like in European Countries.
You can be greatful to the oil companies for shafting you just a little bit, I won't, at least not without screaming. There is no reason for gasoline to be priced where it is today. Every quarter, profits for oil companies go up. When they don't make it on oil, they increase their refinery margins. Gas prices moderated in Sept, Oct last year because the election was near. As soon as Bush was re-elected, they started up again. One excuse after another and that's fine. But they NEVER go down. They went up after Katrina because some rigs and infastructure was destroyed, but those are mostly online again AND GAS IS HIGHER THAN IT WAS THEN.