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Originally Posted by bmx672
What I was doing with this thread guys is illustrating that it's pretty absurd to think that ONE MAN can influence the world economy.
When gas hits $3+ a gallon next time, on Obama's watch, you better believe I'm going to mention it to all of his supporters that previously blamed GW for the spike. I'm going to complain that Obama's "in bed" with the oil companies.
By the way, when GW let the off-shore drilling ban expire gas went down overnight... that's without even drilling. Opec does not want competition. Now wait untill "The grat one" puts the ban back in place... prices will go up... big deal, more tax $ for the government anyway right.
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Very valid points. On the price issue, S and D works, short and long term. I think you see that very clearly when folks decided they would or could not buy as much gas as they did previously. Price of oil is still in free fall. Good for us, bad for them.
If BO or anyone for that matter restricts supply in any way, the price will respond.
I do predict however, that BO will go for a huge tax increase on gas, citing the usual liberal litany of good reasons why this makes so much sense.
Hope I am wrong.
