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Author Topic: OIL: Democrats vs. Republicans on the price of gas  (Read 2571 times)

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Offline DixieBelle

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OIL: Democrats vs. Republicans on the price of gas
« on: June 11, 2008, 03:38:57 PM »
http://www.powerlineblog.com/archives2/2008/06/020729.php


Methodology: Retail gasoline prices are the result of literally hundreds of factors including crude oil supply, global demand, refinery capacity, regulation, taxes, weather, the value of the dollar, etc. Therefore it is impossible to say with certainty what one individual action will do to the overall price. However, based on what we know about the impact of crude oil supply and prices it is possible to develop some potential ranges of impact on gasoline prices for certain policy changes. For example, using the methodology employed by Speaker Pelosi and House Democrats that suspending shipments into the Strategic Petroleum Reserve (between 40-77,000 barrels of oil a day) would reduce gas prices by at least 5 cents, bringing ANWR online (at least one million barrels of oil a day) could impact gasoline prices by between 70 cents and $1.60.
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I can see November 2 from my house!!!

Spread my work ethic, not my wealth.

Forget change, bring back common sense.
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No, my friends, there’s only one really progressive idea. And that is the idea of legally limiting the power of the government. That one genuinely liberal, genuinely progressive idea — the Why in 1776, the How in 1787 — is what needs to be conserved. We need to conserve that fundamentally liberal idea. That is why we are conservatives. --Bill Whittle

Offline Chris_

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Re: OIL: Democrats vs. Republicans on the price of gas
« Reply #1 on: June 11, 2008, 09:25:01 PM »
That will now go along with my other favorite image:

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Offline Lacarnut

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Re: OIL: Democrats vs. Republicans on the price of gas
« Reply #2 on: June 14, 2008, 11:09:09 PM »
Quote from: DixieBelle on June 11, 2008, 03:38:57 PM
http://www.powerlineblog.com/archives2/2008/06/020729.php


Methodology: Retail gasoline prices are the result of literally hundreds of factors including crude oil supply, global demand, refinery capacity, regulation, taxes, weather, the value of the dollar, etc. Therefore it is impossible to say with certainty what one individual action will do to the overall price. However, based on what we know about the impact of crude oil supply and prices it is possible to develop some potential ranges of impact on gasoline prices for certain policy changes. For example, using the methodology employed by Speaker Pelosi and House Democrats that suspending shipments into the Strategic Petroleum Reserve (between 40-77,000 barrels of oil a day) would reduce gas prices by at least 5 cents, bringing ANWR online (at least one million barrels of oil a day) could impact gasoline prices by between 70 cents and $1.60.

That would be an awesome campaign ad for every Republican running for office in the Nov. election
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