Blame “Big Corn” For High Gas Prices

 

Gasoline Pump SC Blame Big Corn for High Gas Prices

A frequent question that has beeen asked in recent months is why the record increases in America’s crude oil production over the last several years haven’t translated into lower prices at the pump for gasoline in the US. A recent BloombergBusinessweek article explains “Why Abundant Oil Hasn’t Cut Gasoline Prices,” here are some edited excerpts:

For the first time since 1995, the U.S. will produce more oil than it imports, but the benefits of all that cheap domestic crude still haven’t shown up at the one place it matters most: the gas station. Even as fuel consumption has fallen to 16 percent below its 2007 peak, gasoline remains a dollar higher than the average price over the past decade.

Simple economics suggest that higher supplies and lower demand should translate into cheaper prices. That presumes today’s petroleum markets are simple. Over the last year, the oil boom has upended the long-held belief that U.S. production would inexorably decline while America’s appetite for gasoline continued to rise, leaving the country hopelessly hooked on foreign crude. As the opposite has occurred, regulatory and transportation systems that grew out of those old assumptions have become increasingly outdated, preventing the forces of supply and demand from working efficiently.

And ethanol requirements have backfired. The idea was to stretch a limited oil supply, cut reliance on imported crude, and make use of abundant corn harvests. But today the ethanol program is raising costs for refiners even as the price of oil has fallen 10 percent over the last year.

U.S. refiners retain a price advantage over their foreign competitors in Europe and Latin America, since U.S. crude is still cheaper than most foreign benchmark blends. This has led to healthy profits for some of the nation’s largest refiners. Now those lucrative margins have come under pressure as fuel makers run headlong into a biofuel mandate that has become tougher and more expensive to meet.

Read More at The American Enterprise Institute . By Mark J. Perry.

Photo Credit: jhyerczyk (Creative Commons)

Gangsta’ Government And The GOP

GOP SC Gangsta Government and the GOP

America’s founding fathers were beholden to the odd notion that the best prevention against a tyrannical leader or mob rule was the simple yet effective system of checks and balances. Presently, a nominal Republican majority in the House of Representatives is the only thing keeping American capitalism from a nosedive into collectivism, communism, Marxism, Leninism, or Maoism. (Feel free to choose your noun.)

I write “odd notion” because since taking office, Obama and Team Pelosi-Reid have effectively used the U.S. Constitution for White House toilet paper. They consistently write checks that can’t be cashed and operate on budgets that cannot be balanced. Not exactly what the founders had in mind. Need a more specific example? All one needs to do is remember the spending spree Democrats went on when they were in control during 2009-2010, leading to the Obamacare fight that Republicans and a majority of Americans went on to lose.

As a result, the electorate said “yes” to checks and balances when it said “no more” to Democrats-Gone-Wild, awarding Republicans the House majority during the 2010 midterm elections (and again in 2012). It’s been a miserable two years for debt-addicted Democrats. Addiction is the right word to be applied here. Addicts (insert Democrats) lose control of their sensibilities, never attaining satisfaction because they always need more.

To heck with the electorate’s wishes and checks and balances; many of these archetypal addicts have convinced themselves any way but their way is downright immoral. According to the Washington Post on March 2, President Obama told reporters he can’t “force Congress to do the right thing” regarding the sequester he originally initiated. Right thing? Seems to me Congress is doing the right thing when they say no to what they believe is the wrong thing for those they represent. Right… err…correct?

Not on your life — if the goal is to eliminate all things traditionally American. And if that’s the case, brace yourself for more Chicago-style gangsta’ politics to regain control of the House of Representatives in 2014. That’s why we will continue to hear incessant rants flowing from Obama’s mouth articulating a dishonest portrayal of the “checks” (Republicans) placed to keep him in balance.

We also see the creepy metamorphosis of Obama’s “Organizing for America” into “Organizing for Action” (OFA), which, according to The Weekly Standard, exploits “a loophole in campaign law and ethics regulations” by claiming it is an ostensibly nonpolitical “social welfare group.” Considering some of the emails they’ve sent and I’ve received, they’re about as nonpolitical as the 501c(3) organization Media Matters, of which Fox News claims is bias to Democrats and “maintains a close working relationship with the Obama White House.”

OFA is pimping out the POTUS at $500,000 a pop. Regardless of legality, OFA is raising “pay to play” to a whole new level. “You can buy four audiences per year with President Obama,” according to the Washington Examiner. And $500,000 is for what? A means to an end, I guess.

Those beholden to common sense can glance beyond the peripheral to see what’s undoubtedly happening. Had public welfare, by way of job creation or relief from exorbitant food and gas prices, been a priority, the momentum would be moving in the other direction five years in. Instead, Obama is bent on destroying the one thing, the GOP, that is keeping him from his dream of radical change.

Photo credit: DonkeyHotey (Creative Commons)

Why Low 2013 Gas Prices Will Soon Evaporate

gas pump Why Low 2013 Gas Prices Will Soon Evaporate

Gasoline prices, which hit a 2012 low of $3.22 a gallon Dec. 19, are up 8 cents in the past two weeks and will likely continue climbing through April. Experts say the 2013 national average will likely top out at about $3.95 a gallon.

That early winter break you’ve been getting at the gasoline pump? It’s beginning to show signs of cracking.

Gasoline prices remain below $3 a gallon in at least 50% or more outlets in 14 states. But the national average has crept up three cents to $3.30 a gallon the past week and 8 cents since hitting a 2012 low of $3.22 in mid-December.

It’s likely to get worse in the coming weeks. Crude oil prices are up about $10 a gallon the past month, with benchmark West Texas Intermediate crude closing at $93.09 a barrel Friday, finishing the week up 2.5%.

Read more at USA Today.

Maybe Voters Didn’t Know Their Lives Really Did Depend On The Outcome

Obama NDAA SC Maybe voters didn’t know their lives really did depend on the outcome

Many have called the 2012 election the most important in their lifetime. But in citing the economy, unemployment, foreign affairs, gas prices, healthcare, and the burgeoning corruption of the American judiciary, political pundits may have universally ignored the real threat to the American public and the reason it was imperative to remove the Obama Regime from power.

It happened back in March. Republican representative Tom Graves of Georgia asked FBI Director Robert Mueller whether the Administration’s “…policy of extra-judicial killings of American citizens abroad could also apply in the United States.”  Incredibly, Mueller responded “I have to go back. Uh, I’m not certain whether that was addressed or not.”

Graves then made it a bit easier, asking whether “…from a historical perspective the federal government has the ability to kill a United States citizen on United States soil, or just overseas.”  “I’m going to defer that to others in the Department of Justice, said Mueller.”

What was this all about?

On New Year’s Eve, Barack Hussein Obama signed into law the National Defense Authorization Act (NDAA). In language passed overwhelmingly by Congress, the Act provides the president the immutable power to, on his own authority, order the death of anyone he considers an “enemy combatant” (that is, a terror threat to the United States.) It is a command to kill that cannot be questioned or overridden.

Obama alone has the power to assign guilt and mete out the punishment of death. The Constitutional rights of Due Process no longer exist. And as Director Mueller made so patently clear, even the FBI doesn’t know if this death sentence may apply to American citizens both abroad and on US soil.

Language permitting the murder of American citizens by the federal government was added to the NDAA in 2010. There were few complaints either in the House or the Senate as politicians feared accusations of being soft on terrorism far more than they regretted their outright assassination of the Constitution. And now, 300 million people face the possibility of being targeted for death by their own government.

Would voters have behaved differently had they known their lives might depend on the outcome? Probably not. Those living on government (i.e. taxpayer) largesse would hardly have cared. Empty-headed females responsible for putting every liberal from Carter to Obama in the White House would have undoubtedly voted in exactly the same way as well, unable as they are to differentiate between stark reality and the fantasy world of Oprah Winfrey.

And would the election of Mitt Romney have changed anything? No. New England liberals are hardly known for their spirited commitment to Constitutional rights. After all, Mitt was the proud engineer of an “assault weapons” ban in Massachusetts, wasn’t he?!

For nearly 30 years, presidential elections have featured everything but a conservative candidate. As a result, more and more Americans have stayed home on Election Day, allowing liberal Republicans and Marxist Democrats to wreak havoc on their nation and their Constitution.

Sooner or later, the lives of citizens WILL be forfeit to a corrupt political class that no longer recognizes or cares about the constitutional rights of their constituents. What’s that about blood watering the tree of liberty? Could be that’s the only thing that will awaken the American public to the loss of their nation.

Photo credit: watchingfrogsboil (Creative Commons)

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America’s Fundamental Transformation

US Flag 3 SC America’s Fundamental Transformation

Timing is everything in politics. For four years, I angered conservatives by insisting that Barack Obama would get reelected. I figured that an electorate willing to elect a man with ideas and a record that far to the left in 2008 would do so again. I began changing my view, however, after the first presidential debate. Over the last three or four weeks, I became confident that Mitt Romney would defeat Obama.

Fortunately for Obama, two forces intervened to rescue him. One was the mainstream media, which ensured that Benghazi, Hurricane Sandy, and the increase in the unemployment rate wouldn’t be used to undermine Obama. As for Hurricane Sandy, Obama flew in for a photo-op and then immediately returned to campaigningIf George W. Bush were president, a relentless media would have ensured that Bush didn’t return to the campaign trail.

The second force was David Axelrod and the campaign machine. I stand in awe at what they pulled off. They managed to push considerably more Democrats than Republicans to the polls (38-32 percent margin), closer to the 2008 turnout that favored Obama than the 2010 mid-term turnout that favored Republicans. Because they did, the predictions of an easy Romney victory by the likes of Dick Morris, Michael Barone, George Will, and Newt Gingrich (and myself) were dead wrong. We were certain that pollsters were oversampling Democrats. The pro-Republican, pro-Romney, and anti-Obama enthusiasm we were seeing was extremely intense. It was inconceivable to us that it could be overcome by a higher Democrat turnout. Somehow, however, it was, obliterating Romney’s five-point victory among independents. It erased Romney’s 50-49 percent edge in the final polls by Gallup and Rasmussen.

I stand in stunned disbelief. David Axelrod, you are a miracle worker.

How much of a miracle worker? Consider:

The American people reelected a man who presided over one of the worst four-year economic records in American history. By every objective measurement, the economy is far worse than it was four years ago: 47 million on food stamps (up from 32 million); all-time record deficits and debit (dwarfing the Bush numbers); chronic unemployment; a prolonged non-recovering recovery636,000 homeless; a doubling of gas prices; and on and on.

For historical perspective, consider this: No president since FDR in 1940 won reelection with an unemployment rate above 7.1 percent. And for FDR, that number was a huge improvement from four years earlier.

How did Obama and his team overcome this? The answer: they successfully blamed it on George W. Bush, with Bill Clinton aiding and abetting the process. There were no limits to how much they blamed Bush and how much it worked. The Democratic base swallowed it hook, line, and sinker.

Sadly, other things worked as well, and none are good for this country. The framing of Republicans as conducting a “war on women” because they don’t favor forced taxpayer funding of abortion,Planned Parenthood, and contraception worked. The insistence that government-provided contraception is a new “entitlement” worked. The demonization of the Tea Party—a movement spontaneously created by Obama’s wild spending—worked.

For that matter, Obama got away with the extraordinarily wasteful $800 billon “stimulus” package that didn’t stimulate and buried us fiscally. He even got away with the HHS mandate that constitutes the greatest threat to religious liberty (particularly against the Catholic Church) in at least a century.

In terms of social policy, the electorate has given the green light to a president who is redefining marriage and promoting forced funding of abortion and contraception and embryo destruction—at the expense of religious liberty.

Moreover, the president’s unceasing class-warfare rhetoric was rewarded by the electorate, as were his attacks on profits, the private sector, the wealthy, banking and investment, and the oil and natural gas industry. The Obama energy policy is advanced. Mitt Romney would have unleashed a boom for America’s domestic energy industry. That is now gone. That is a tragedy, the levels of which we will not be able to appreciate.

And what about Romney? I had my reservations, but America rejected a genuinely decent man who had the best business background of anyone who would have ever assumed the Oval Office. He was the perfect person for the perfect time.

In short, what we saw on November 6, 2012 was a breathtaking display of political survival by Barack Obama, the first president to be re-elected with a lower number of Electoral College votes and popular vote. What we also witnessed was the final step in the fundamental transformation of America that Barack Obama promised four years ago.

 

Dr. Paul Kengor is professor of political science at Grove City College, executive director of The Center for Vision & Values, and New York Times best-selling author of the book, “The Communist: Frank Marshall Davis, The Untold Story of Barack Obama’s Mentor.” His other books include “The Crusader: Ronald Reagan and the Fall of Communism” and“Dupes: How America’s Adversaries Have Manipulated Progressives for a Century.”

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