Should congress pass a law subsidizing gas prices until the Ukraine issue calms down?

[donhughesmusic]

I don't recall Bush restricting federal leases or stopping oil pipelines causing gas prices to explode.

It still happened on his watch. Even your beloved Trump said "the buck stops with me". So... again... did... you... bitch... about... Bush's... gas... prices... the.. same... way... you... bitch... about... Biden's?

 

[justoneman]

It still happened on his watch. Even your beloved Trump said "the buck stops with me". So... again... did... you... bitch... about... Bush's... gas... prices... the.. same... way... you... bitch... about... Biden's?

under Bush's 8 years in office prices went up and down. Most of the time under Bush the price was very low. Bush did everything to promote oil production, whereas Biden is doing everything to promote solar and wind. Biden hates oil production and it shows in his policy. Because of this I did not blame Bush for the very brief period that gas spiked high.

 

[donhughesmusic]

under Bush's 8 years in office prices went up and down. Most of the time under Bush the price was very low. Bush did everything to promote oil production, whereas Biden is doing everything to promote solar and wind. Biden hates oil production and it shows in his policy. Because of this I did not blame Bush for the very brief period that gas spiked high.

You are 100 percent wrong. Gas prices went right up under Bush.

I'll use Pennsylvania as an example since I live here. Here is a graph of Pennsylvania gasoline wholesale/resale prices by refiners.

Pennsylvania Total Gasoline Wholesale/Resale Price by Refiners (Dollars per Gallon)

As you can clearly see, they did not go up and down as you claim. Once 9/11 and the Iraq war started, they consistently went up.

 

[justoneman]

You are 100 percent wrong. Gas prices went right up under Bush.

I'll use Pennsylvania as an example since I live here. Here is a graph of Pennsylvania gasoline wholesale/resale prices by refiners.

Pennsylvania Total Gasoline Wholesale/Resale Price by Refiners (Dollars per Gallon)

As you can clearly see, they did not go up and down as you claim. Once 9/11 and the Iraq war started, they consistently went up.

Well I am not 100% wrong in that there is a dip down in the beginning and prices remain low for the first 3 years and then yes they shot up because of the Burning oil fields in Iraq. That was a horrible mess.

 

[Moi621]

Dear All + duh - uh too

We deserve an "economic oil reserve"

A gov't reserve entitled to the economy.
Not just the military. And committed to
"a California Fosters' Farms" at 0.69$ / lb
economy.

If YOU Can't Get A Good Chicken for 0.69 / lb

whose economy is it?


​

 

[tacomancer]

Poll Shows 'Incredible' 80% of US Voters Support Windfall Tax on Big Oil

"If members of Congress refuse to act, it'll be concrete evidence that they’re in the pockets of the industry."

www.commondreams.org

 

[donhughesmusic]

Well I am not 100% wrong in that there is a dip down in the beginning and prices remain low for the first 3 years and then yes they shot up because of the Burning oil fields in Iraq. That was a horrible mess.

Would those oil fields have been burned if we did not go into Iraq because of a false claim by Bush that they possessed weapons of mass destruction?

 

[EMNofSeattle]

Should congress pass a law subsidizing gas prices until the Ukraine issue calms down?

The issue is that high prices are due to oil shortage, so a direct price subsidy on the finished price will only cause gasoline shortages because you’re encouraging consumption of a relatively scarce resource.

It would be like subsidizing the cost of fillet mignon or fois gras. You can pass a law saying these products can’t cost more than x, or provide money to the producers to lower the price, but unless there is the physical capacity to produce what would be demanded at that price point it won’t work

If by subsidy you mean subsidies to oil companies to bring more oil production to market then that might work, but it would still take time to bring the oil to market and that’s assuming the government assumes dictatorial powers to prevent judges or protestors or NIMBYs from challenging to increased production.

 

[EMNofSeattle]

The federal government is currently increasing deficit spending. What, exactly, should be cut to avoid doing that?

There’s plenty to cut, just nothing that special interests wouldn’t fight tooth and nail.

 

[Bullseye]

Should congress pass a law subsidizing gas prices until the Ukraine issue calms down?

No, because it would end up being a typical Democrat multi-thousand page pile of unrelated Dem wasteful wish list of every socialist dream.

 

[PeacefulWarrior]

A year ago, a the average price for a gallon of gas was 2.50 a gallon.

You'll have that. Pandemic and all.

 

[uptower]

Sure why not? Spread the cost of economic warfare against Russia. They'd spend at least as much waging actual war on some poor Muslim country anyway...

 

[ttwtt78640]

There’s plenty to cut, just nothing that special interests wouldn’t fight tooth and nail.

Special interests are a convenient scapegoat, but the fact is that the electorate re-elects congress critters at a rate of over 90%. That level of political success guarantees that federal deficit spending will continue, if not increase.