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Squawk of the Day - Feb. 26, 2012

"Hope and change. I hope I get change back from my $100 at the gas pump."

For more squawks, pick up a copy of today's Albany Herald.

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Comments

erudite 2 years, 6 months ago

How are the higher gas prices the fault of the White House? Look at the path of oil from removal from the ground through refinement into gasoline. Along the way, you may find the real reasons for the increase.

Is not "profit for profit's sake" the principle of Capitalism? If people keep demanding a product, the suppliers can name any price.

Is there any chance that motorists could play a role? Why do we still have car/boat/motorcycle gasonline powered engines? Why is there no real research into alternative energy sources?

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ObjectiveEyes 2 years, 6 months ago

Unfortunately, our economy, our society is based on petroleum. Drilling for more domestic crude may not be the short-term problem, but, let's face it...the White House doesn't have a clue. His answer is "algae" for which there is, presently, no practical or economic use for.

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finkeldorfer 2 years, 6 months ago

"Drivers are paying a heavy price for the Bush administrations failure to enact comprehensive energy strategy," Nancy Pelosi in a 2007 speech blaming the Bush White House when gas averaged $3.07 a gallon

So, if it was Bush's fault then, it's Obama's fault now.

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Sister_Ruby 2 years, 6 months ago

Ouch, that's going to leave a mark!

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erudite 2 years, 6 months ago

So, Pelosi was right? Fat chance. The information we hear is what the six media companies want us to hear and that, in turn, is limited by advertisers. Only Geo Washington did not blame the president before him; he blamed the King. Since then, problems have always been the other guy's.

We also use much more petrol than necessary. Instead of beat police, there are cruisers; instead of building public transport, we build parking garages, and how much petroleum goes to NASCAR and other gas-powered vehicle races to nowhere?

The demand for oil in all of its forms will drive the price. Add to that the taxes that are a percentage of the cost of a barrel; if that cost increases, so does the tax.

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finkeldorfer 2 years, 6 months ago

No,Pelosi wasn't right. But you are with the comment on the media. They are the ones who manipulate the information we hear and give their spin. At the time, they wanted to blame Bush and Cheney. Now, they want to make sure Obama DOESN'T get the blame. And, cancelling one of Michelle's vacation flights and making her fly in the same plane with her husband would save more fuel than NASCAR uses all season.

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erudite 2 years, 6 months ago

You are comparing one flight to how many seasons of NASCAR and the truck series and the Indy series and the motorcycle series and the boat series and the snow mobile series and the sprint series and the dirt track and the funny car and the drag strip.....

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Amazed2 2 years, 6 months ago

Oh don't worry about the price of gas it will not be a big issue in the future. Just look into how life is in places like Cuba. Housing and Gas will not be a big issue in your life if the Obama Communist Party remains and has it;s way. We will be assigned housing and jobs and you most likely will be assigned a place to live that is close to where you are assigned to work. Also the Food Stamp program will be extended to include "ALL" because as long as you stay in good standing with your goverment and it's views you will recieve monthly rations. The current goverment is slowly nationalizing the nation as we speak. By the way don't speak out against the takeover too much or the men in the black SUV's will come knock on your door during the night and take you off to be reprogrammed at a work camp or a re-training center somewhere.

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VSU 2 years, 6 months ago

Obuma stopped that oil pipeline from Canada that could eventually drop the price of gas, but he'd rather China get that oil and us rely on getting oil from our enemies at a higher cost.

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waltspecht 2 years, 6 months ago

The Pipeline would bring the oil to be sold to the highest bidder, in all probablilty right now that would be China. It wouldn't help us. It is supply and demand that control the price. The Traders react to the demand, which right now is high. They are going to keep raising the price until the demand backs off. Then they have got to pay storage, and they don't like that so they will lower the price to increase the demand. The other thing you had better look at is vehicle fuel efficiency. I for one really believe there are products out there that could stretch vehicle milage, but will never see the light of day because they were bought up by the Oil Companies and the traders to prevent the reduction in demand which would cause a drop in price. We are at the mercy of these folks and their bought and paid for Politicians.

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ObjectiveEyes 2 years, 6 months ago

You are correct in the fact that thei Canadian oil ends up in the world market, but, routing it through the US would have created some needed jobs. I do, though, understand the potential environmental dangers.

Politics made the decision, nonetheless.

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erudite 2 years, 6 months ago

Did you ask the Canadians who stopped the pipeline?

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Sally_O 2 years, 6 months ago

I have hope and change. I hope we have a change in president come November. Anybody would be better than what we have in there right now...I mean anybody...Gomer Pyle, Ernest T Bass, Uncle Festus, Daffy Duck...Anybody.

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scooby62 2 years, 6 months ago

Gas price increases are tied politically. Hasn't anyony noticed they go up in an election year and immediately following the election they go down again? Think about it. It doesn't matter if it's a local or national election. It will happen every time.

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whattheheck 2 years, 6 months ago

While certainly not a fan of the Nazis, In WWII its entire air arm ran a war for years on oil made from coal. South Africa has used such oil for years, with the usual environmental concerns on any process. (Google oil from coal). . And then there is the "air car" which may be feasible if serious effort were applied to develop the technology. But then, where would Detroit be--and how do you tax air?

We won't make a switch from oil to any great extent--there is too much money at stake.

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Sister_Ruby 2 years, 6 months ago

"No magic bullet" says the White House. "Nothing will make a difference in the short term on gas prices" says the White House. BUT here's one thing for sure, NOT doing ANYTHING WHATSOEVER will guarantee that same result in the future. If you don't start drilling NOW, yes we will be forever powerless to impact prices. If we don't partner with Canada on the Keystone pipeline, yes we will be forever powerless to impact prices because that oil will go to CHINA. If we don't approve permits to build additional refineries in the USA, yes we will be forever powerless to impact prices. If we don't drill in the Gulf of Mexico before Brazil and China suck all the oil out of the area, yes we will be forever powerless to impact prices.

Wait....maybe that's what the White House wants? For the USA to be FOREVER POWERLESS?!?!?! That's the only conclusion I can come to where the WORDS and PICTURES match!!

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ObjectiveEyes 2 years, 6 months ago

At the same time, Obama wants to take credit for the fact that "...domestic production at it's highest in 8 years..." Which administration opened up additional land for exploration, from which this oil is being produced? Bush!

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ghostofkarelia 2 years, 6 months ago

Supply and demand. I wish more people understood the concepts of limited supply and global demand.

Also: this is capitalism, no? I thought capitalism was good? I confoosed.

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chinaberry25 2 years, 6 months ago

If it was all Bush's fault, then why did gas get $.70/gal right after 9/11. We buy gas on Euro dollars and when our dollar is weak, guess what. We pay through the nose. Jimmy Carter said in 1974 that we need to start producing better fuel efficient cars. So what did we do? Produced worse gas guzzlers. Plus we have families that take a different car to church for each member of the family. If we produced all the oil we use in America, the oil companies are owned privately and they are going to sell to the highest bidder. Europe or China, not us. In order for us to control our prices, we must use less gas. Try ethanol-free, you will get a lot better mileage. Car will last longer. Put your children on the school bus. They are not too good to ride one. We all did and one without air. We are a spoiled nation that instead of a chicken in every pot, we expect a cell phone in every pocket and a car filled with cheap gas. Not going to happen any time soon.

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waltspecht 2 years, 6 months ago

Anybody remember the 56 or 57 Chevy engine that had metered water injection and boosted fuel milage by about 5 MPG? Didn't seem needed with $0.22 a gallon gas, but why hasn't any manufacturer tried it lately? With the new computer controls available it probably could be perfected to the point of 10 MPG. I do remember if some idiot played with the controls, you could damage the bearings and rods, but if it was set right there wasn't much of a problem.

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erudite 2 years, 6 months ago

Two days ago the Squawk complaint was the General Lee in NASCAR, not one word was written about the insane waste of fuel. I brought it up in my first post today and no one touched it but reverted instead to granting Obama power he does not have!! Don't you think if he had the power to shut us all up he would?

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Sister_Ruby 2 years, 6 months ago

His homee George Soros is making more Billions off of Brazillian oil. So....NO.

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erudite 2 years, 6 months ago

We import more oil from Angola than we do Brazil. We import more oil from Russia than we do from Brazil. We import most of our oil from Canada BUT we produce most of our oil right here int he good ol' USA. We supply just under 50% of our oil. That said, the US consumes 22% of the world consumption BY OURSLEVES. This leaves 99% of the world to share 78%. So just who is Soros making money off of? It is not the US.

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tywebb 2 years, 6 months ago

NOPE. if that happened, then his whole green energy push would be a waste. oh wait, what? it already is a waste? oops. he won't do anything until aug/sept. when the campaigner in chief is in FULL campaign mode. then something will be done to try to win the election. hopefully, it'll be too late by then.

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erudite 2 years, 6 months ago

What about the fuel?

HIS green push...do you remember Ralph Nader?

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tywebb 2 years, 6 months ago

yes, and we were smart enough not to put Nader in the WH. unfortunately, we weren't smart enough in 2008. maybe we will have gotten smarter in 2012. here's my point: I'm starting to look for a new car. i have to look at hybrids......not out of choice, but because i have to. nobama is making me play right into his hands because i can't afford to fill up the vehicles that i want or need. you watch....in late summer, the campaigner will announce that he has re-opened gulf drilling, or there is an agreement on the keystone pipeline (if it's not too late), or the export tax on oil/gas has been increased. anything to win the election. again, hopefully, it'll be too late. DON'T TELL ME THE PRESIDENT OF THE US CANNOT DO SOMETHING TO LOWER GAS PRICES! That's BS

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