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The Water Cooler
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Can we finally admit
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<blockquote data-quote="POKE1911" data-source="post: 1901844" data-attributes="member: 24536"><p>Heres my deal with oil/gas: Simply supply vs demand</p><p></p><p>1. The global demand for gas has increased... causing the increase in price. Is it bush's fault is it obama's fault, no its china's and inda's fault for growing and becoming more industrial. (demand side.)</p><p>2. Under Obama, we have killed a pipeline into the country, we have cut off shore drilling in American water. (supply side)</p><p></p><p>Basic economics teaches us that an increase in demand without an increase in supply will result in a price increase. However, we could be doing more to increase the supply side which would keep our cost low. I am not sure it would have much impact now but 5-10 years down the road it could be huge. </p><p></p><p>To sum it up. I don't think bush or Obama policies has influenced the price of gas as much as other factors, however Obama's policy to slash offshore drilling and dump taxpayer money into unproven energy technology will really hurt us in the future.</p></blockquote><p></p>
[QUOTE="POKE1911, post: 1901844, member: 24536"] Heres my deal with oil/gas: Simply supply vs demand 1. The global demand for gas has increased... causing the increase in price. Is it bush's fault is it obama's fault, no its china's and inda's fault for growing and becoming more industrial. (demand side.) 2. Under Obama, we have killed a pipeline into the country, we have cut off shore drilling in American water. (supply side) Basic economics teaches us that an increase in demand without an increase in supply will result in a price increase. However, we could be doing more to increase the supply side which would keep our cost low. I am not sure it would have much impact now but 5-10 years down the road it could be huge. To sum it up. I don't think bush or Obama policies has influenced the price of gas as much as other factors, however Obama's policy to slash offshore drilling and dump taxpayer money into unproven energy technology will really hurt us in the future. [/QUOTE]
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