Video: Dems say gas prices ‘not the issue’

posted at 7:45 pm on May 17, 2011 by Tina Korbe

Nearly seven in 10 Americans say high gas prices are causing financial hardship for their families — but Sen. Max Baucus (D-MT) says he doesn’t see the high price of fuel as an issue “at all.” And several Senate Democrats readily admit the oil-and-gas-industry-related legislation they recently proposed — and which the Senate tonight rejected — wouldn’t have mitigated high prices in the first place:

Meanwhile, Senate Republicans have introduced “The Offshore Production & Safety Act Of 2011″ (S.953), which would mandate lease sales in the Gulf of Mexico and off the Virginia coast, limit the review period for pending offshore permit applications and extend leases in the Gulf for a year. The Senate is scheduled to vote on S. 953 tomorrow. The bill parallels the package of energy legislation the House recently passed — a package also aimed to increase domestic energy production.

So, does the Republican plan actually address gas prices?

On the one hand, the common caveat is true: Increased exploration does not immediately result in increased output. Exploration affects the overall supply of crude oil only gradually. Exploratory leases presently cover a five-, eight- or 10-year term — and the average time from initial exploration to final production is somewhere in the range of three to eight years, says National Ocean Industries Association President Randall Luthi.

But on the other hand, a commitment to exploration sends a signal to international markets — a signal even OPEC can’t ignore.

“We are sitting on potential reserves here that are absolutely huge and the world knows that,” House Natural Resources Chairman Doc Hastings said recently. “If you want to beat a cartel, you increase the supply of whatever that cartel is controlling. If we send a signal that we’re going to increase the potential supply of crude oil in this world, I think the market will respond accordingly.”

In fact, Hastings said, history bears him out. In June and July of 2008, high gas prices coincided with both a presidential and a congressional moratorium on drilling on the Outer Continental Shelf. Prices reached their peak of an average of $4.054 a gallon nationwide the week of July 14. That same week, President Bush lifted his administrative moratorium and urged Congress to lift its companion moratorium, which Congress did shortly thereafter. Gas prices soon dropped.

“I think there’s no question about that; it was about the signal to the market,” Hastings explained.

Luthi’s perspective has been shaped by similar observations.

“As we’ve seen, the price of oil is not strictly tied to a supply-and-demand question,” he said. “It often is a perceived supply and demand. For example, anytime we had any kind of questions about the Middle East market — whether or not they would continue to put oil on the market — you saw the price of crude oil go up whether or not there was an actual disruption.”

Consequently, Luthi said, the House energy package could do exactly what Hastings hopes it will.

“The message [it] send[s] … is the United States is going to be putting its effort behind finding more oil and gas in the future, which I think does have a very calming effect on world oil markets,” he said.


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Out of touch.

Yes, gas prices are part, but more what is causing them.

RealMc on May 17, 2011 at 7:47 PM

Dems say gas prices ‘not the issue’

Keep telling yourselves that and maybe someday it will be true.

Lily on May 17, 2011 at 7:48 PM

Dems say gas prices ‘not the issue’

When was the last time any of these Democrats on The Hill had to pump their own gas?

Because if they had, they would have known exactly how big an issue gas prices are!

pilamaye on May 17, 2011 at 7:49 PM

What an effing idiot.

Blake on May 17, 2011 at 7:50 PM

just stay in that washington bubble, you all absolutely worthless

cmsinaz on May 17, 2011 at 7:50 PM

Was Bauchus slurring his words this time?

SouthernGent on May 17, 2011 at 7:51 PM

This is the kind of attitude that led to the historical use of the guillotine several times a day much to the delight of the onlooking rabble of common citizenry.

Hening on May 17, 2011 at 7:51 PM

There are so many thoughts I have running through my mind right now, I can’t decide which ones to write down.

madmonkphotog on May 17, 2011 at 7:52 PM

Gas prices would only be an issue with a GOP president in the world of the democrats. They griped and moaned during 2008, but don’t want to be held to the same standards.

ICBM on May 17, 2011 at 7:54 PM

There are so many thoughts I have running through my mind right now, I can’t decide which ones to write down.

madmonkphotog on May 17, 2011 at 7:52 PM

What sort of thoughts?

DarkCurrent on May 17, 2011 at 7:54 PM

Why’s there a picture of Chick Hearn as a senator?

rjkitch13 on May 17, 2011 at 7:55 PM

Gas prices/economy is 100% the issue. If people are hurting this bad next year, Obama is gone.

Southernblogger on May 17, 2011 at 7:55 PM

Why do Democrats hate poor people?

WisCon on May 17, 2011 at 7:56 PM

Gas, Food, Rent….who cares?

Tim_CA on May 17, 2011 at 7:57 PM

During the 2000 election the Libs moaned that opening ANWAR wouldn’t help us for ten years. We could sure use that production now, couldn’t we?

trubble on May 17, 2011 at 7:57 PM

In a country where a single light bulb costs $50 …I’d have to agree that gas prices are the least of our problems.

The Ugly American on May 17, 2011 at 7:58 PM

Gas, Food, Rent….who cares?

Tim_CA on May 17, 2011 at 7:57 PM

LMAO….

The Ugly American on May 17, 2011 at 7:59 PM

I’m actually inclined to agree that gas prices, that is, the price of a barrel of crude, its refinement to gasoline, and the shipment to the pump for my purchase, is not the issue.

The uproarious taxes levied on every possible aspect on that process driving up the costs, while the government makes nearly four times (or more depending on location) the profit margin of the private entity that made those goods available is the problem, and it’s a mighty big problem.

Sgt Steve on May 17, 2011 at 7:59 PM

When was the last time any of these Democrats on The Hill had to pump pay for their own gas?

Because if they had, they would have known exactly how big an issue gas prices are!

pilamaye on May 17, 2011 at 7:49 PM
FIFY

chewmeister on May 17, 2011 at 7:59 PM

I like it, Tina. Stay on offense.

Saltysam on May 17, 2011 at 8:01 PM

That,is an awesome GOP Campaign Video Ad!

canopfor on May 17, 2011 at 8:02 PM

Let them drive Volts.

Lily on May 17, 2011 at 8:03 PM

This is the kind of attitude that led to the historical use of the guillotine several times a day much to the delight of the onlooking rabble of common citizenry.

Hening on May 17, 2011 at 7:51 PM

yep.

NTWR on May 17, 2011 at 8:07 PM

I like it, Tina. Stay on offense.

Saltysam on May 17, 2011 at 8:01 PM

I agree. Good post, Tina. Keep up the good work!

JeffWeimer on May 17, 2011 at 8:09 PM

2004: 2.00/gal – Bush’s fault
2011: 4.00/gal – Not an issue

slug on May 17, 2011 at 8:12 PM

Its a case for Conspiring Conspirators,who are in
speculation,of the so-called Gas Price Jacker
Speculators,who/they/them/and those,that are being
fingered,er,sorry,ahem,blamed for the continual high
gasoline that is ever-so-slowy,being incrementally
raised!

So,in the world of the Democrat Socialist,it is of
no concern,it is,and always will be Evil Oil,that
is not paying enough campaign contributions,and worse
yet,not enough tax,to the Federal Government!!

canopfor on May 17, 2011 at 8:14 PM

Very informative post!

RedRedRice on May 17, 2011 at 8:14 PM

The reason the dems say gas prices are not the issue is because most of their constiuents don’t have to gas up their cars every few days to go to work…they sit at home with their food stamps. And, their unicorns.
On the other hand, if Arnold can keep it in his pants, will that lower gas prices?!?!?

HornetSting on May 17, 2011 at 8:17 PM

And,just because,old school,what cars were made for!

The Gumball Rally (1976) trailer
*********************************

http://www.youtube.com/watch?v=4y-8Cq7wib8&feature=related

canopfor on May 17, 2011 at 8:18 PM

On the other hand, if Arnold can keep it in his pants, will that lower gas prices?!?!?

HornetSting on May 17, 2011 at 8:17 PM

HornetSting:Yup,another role-model shot to h*ll!:)

canopfor on May 17, 2011 at 8:20 PM

Liberals passing gas (prices) again….what’s new.

Rovin on May 17, 2011 at 8:20 PM

Please, please, please Max – keep talking.
And please, someone other than Fox News show this video, over and over and over again.

humdinger on May 17, 2011 at 8:22 PM

slug on May 17, 2011 at 8:12 PM

exactamundo

cmsinaz on May 17, 2011 at 8:22 PM

On the other hand, if Arnold can keep it in his pants, will that lower gas prices?!?!?

HornetSting on May 17, 2011 at 8:17 PM

HornetSting:Yup,another role-model shot to h*ll!:)

canopfor on May 17, 2011 at 8:20 PM

I have loathed Arnold for a while….And, now he has finally embraced every liberal/democrat principle.

HornetSting on May 17, 2011 at 8:23 PM

No bread? Let the eat cake!

TheBigOldDog on May 17, 2011 at 8:23 PM

This guy and most of the other jackasses in DC have no clue about what is important, because they live in a different world than we do.

dogsoldier on May 17, 2011 at 8:27 PM

Video: Dems say gas prices ‘not the issue’

I would like to take this opportunity to thank these Democrats, for giving us all some wonderful material for some 2012 campaign ads.

Vyce on May 17, 2011 at 8:27 PM

Four dollar a gallon gasoline and 10% unemployment will be the issue in 2012; end of story… The only way Republicans don’t repeat the landslide victories of 2010 is for gasoline to come back down to two dollars a gallon and for unemployment to drop to 7% or less. As a Montanan, I can tell you Baucus is toast in this State and he knows it. Baucus is lobbying for a seat at the DNC table in DC.

Keemo on May 17, 2011 at 8:28 PM

Hot off zee press!
===================

Dueling Bills Highlight Impasse Over Energy
POLITICS MAY 17, 2011, 8:11 P.M. ET
************************************

WASHINGTON—A proposal by Senate Democrats to end tax breaks for big oil companies failed a test vote Tuesday, and a Republican counterproposal to ease new drilling is expected to fail Wednesday, underscoring Capitol Hill’s energy-policy impasse.

A White House-backed Democratic proposal to end about $2 billion a year in oil and gas tax breaks for five major oil companies failed to win enough votes to move forward. Senate Democratic leaders needed 60 votes to advance the bill under Senate rules, but got only 52, as three Democrats joined all but two Republicans in opposing the bill.

The Senate was expected to act on an alternative Republican bill Wednesday that aims to speed up government approval of drilling permits. The measure would require the government to determine within 60 days whether to grant a permit. If officials failed to make a determination, permission would be granted automatically. The GOP bill, which would also direct the administration to increase offshore lease sales to the industry, was also expected to fail.

The legislative stalemate was expected to keep both parties maneuvering to deflect voter anger over $4-a-gallon gasoline.

Senate Majority Leader Harry Reid (D., Nev.) said he would press to have a repeal of some oil-industry tax breaks included in any budget deal reached in Congress.

The oil tax bill, introduced last week by Sen. Robert Menendez (D., N.J.), would channel roughly $2 billion a year in repealed tax breaks to help close the federal deficit. The companies targeted by the bill include Royal Dutch Shell PLC’s Shell Oil Co., Chevron Corp. and Exxon Mobil Corp.

Republicans dismissed the Democrats’ oil tax legislation as a political maneuver. “Clearly, this is not a serious effort to address the price of gas at the pump,” Senate Minority Leader Mitch McConnell (R., Ky.) said.
(More…………..)

http://online.wsj.com/article/SB10001424052748703421204576329411490520134.html

canopfor on May 17, 2011 at 8:29 PM

Gas, Food, Rent….who cares?

Tim_CA on May 17, 2011 at 7:57 PM

+1,000,0000

Idiot doesn’t realize a rise in gas prices hits the economy on a whole in almost all sectors, and hits household income twice or more. First hit is at the pump, and second hit is inflated prices at the store. Consumer products don’t get to the store by wishes and unicorns!!

Phil-351 on May 17, 2011 at 8:30 PM

gas prices are not the issue for dims. the smart grid is going to solve everything.

here’s the left’s vision of where they are headed. It is all very clear…it is a lot to read, but it speaks volumes

http://www.oe.energy.gov/DocumentsandMedia/ConsumerAdvocates.pdf

r keller on May 17, 2011 at 8:31 PM

canopfor on May 17, 2011 at 8:29 PM

thanks c:)

cmsinaz on May 17, 2011 at 8:31 PM

Gas prices/economy is 100% the issue. If people are hurting this bad next year, Obama is gone.

Southernblogger on May 17, 2011 at 7:55 PM

From your mouth/keyboard to Gods’ ears. Make it so number 1….puhleeze!

Tina, great second thread! Welcome aboard again! :-)

sicoit on May 17, 2011 at 8:32 PM

canopfor on May 17, 2011 at 8:20 PM
====================
I have loathed Arnold for a while….And, now he has finally embraced every liberal/democrat principle.

HornetSting on May 17, 2011 at 8:23 PM

HornetSting:Yup,this is the final straw,I liked Arnold,
but that was the last transgression,that I
can take,wifey and I have been married for
23 years,but dated for 10 years,making it 33
years!:)

canopfor on May 17, 2011 at 8:38 PM

Simple enough, I am sure there more than enough YouTube videos of all the top Dems decrying high gas prices. So what are they waiting for, GO GET THEM you idiot GOP!

bluemarlin on May 17, 2011 at 8:40 PM

canopfor on May 17, 2011 at 8:29 PM
=================
thanks c:)

cmsinaz on May 17, 2011 at 8:31 PM

cmsinaz:Anytime,btw,did you get the new linky,I sent you
a few days ago?!

Here it is again:)
===============================

Online Live Streaming Feed-FOX NEWS

Watch Fox News Live Stream
*****************************
******************************

http://www.zahitv.com/2010/07/watch-fox-news-live/

canopfor on May 17, 2011 at 8:41 PM

Simple enough, I am sure there more than enough YouTube videos of all the top Dems decrying high gas prices. So what are they waiting for, GO GET THEM you idiot GOP!

bluemarlin on May 17, 2011 at 8:40 PM

bluemarlin:Yup!:)

canopfor on May 17, 2011 at 8:41 PM

canopfor on May 17, 2011 at 8:41 PM

i didn’t..thanks buddy :)

cmsinaz on May 17, 2011 at 8:45 PM

Dear Democrats,

Please…I need a break.

Regards,
That Chicken

RedMindBlueState on May 17, 2011 at 8:48 PM

During the 2000 election the Libs moaned that opening ANWAR wouldn’t help us for ten years. We could sure use that production now, couldn’t we?

trubble on May 17, 2011 at 7:57 PM

Oh, please, they were saying the same thing back in the 70′s when we were lining up on alternate days to get gas. They say it every time the issue comes up. We’d be decades into production now if we had started back when they first made this lame excuse for not developing our own resources. What kind of great power allows its natural resources to lie fallow?

They’re always full of good advice, though. Price of gasoline too high? Don’t drive. Buy an electric car. Take the bus. Live where you work. Think global, but buy local, eat local, live local. Tax oil profits. Let ‘em use biofuels. Feh.

SukieTawdry on May 17, 2011 at 8:50 PM

Obama’s plan is working, and all the idiots on the left are following their talking points… They will chant the party line right into the gates of hell if that is what they are told to do. What a bunch of worthless maggots.
-

RalphyBoy on May 17, 2011 at 8:57 PM

“— but Sen. Max Baucus (D-MT) says he doesn’t see the high price of fuel as an issue “at all.”

I’m sure the GOP will point this out to the American people…

after the next election.

/

Seven Percent Solution on May 17, 2011 at 8:57 PM

Kinda O/T but asking the same questions: I just posted this on MM site under her heading of:Radical judicial nominee alert: Goodwin Liu headed for vote

WHY is this “administration” still in charge? WHY are they not in handcuffs and being perp walked to prison? WHY do we, the people, have to do what they say/want/order/desire/demand? I.DON’T.UNDERSTAND. In no way/shape/form do I get this. This is not my great country anymore. It is being destroyed by the minute and NOTHING is being done to stop it. The “GOP” are no better than the marxists/communists in charge. They (the “GOP”) are doing absolutely nothing to stop this. I hate to be so negative, but I truly don’t believe we can wait until 2012…we are going down fast. I know…stupid questions with no good answers. I am sooooo frustrated and sad about all of this. BUT.I.WILL.NOT.GIVE.UP.THE.FIGHT! I will, however, continue to pray with all that is in me. *heavy sigh*

sicoit on May 17, 2011 at 8:58 PM

sicoit on May 17, 2011 at 8:58 PM

cripe they are giving him a vote!!!!!

means brown and the maine twins along with graham will give him a yes and he’s in….

UGHHHHHH

cmsinaz on May 17, 2011 at 9:02 PM

cmsinaz on May 17, 2011 at 9:02 PM

Yep…as I said….*heavy sigh*

sicoit on May 17, 2011 at 9:08 PM

canopfor on May 17, 2011 at 8:41 PM
i didn’t..thanks buddy :)

cmsinaz on May 17, 2011 at 8:45 PM

cmsinaz:No problem,you can surf,comment,and listen on
another window——:)

canopfor on May 17, 2011 at 9:29 PM

That’s like a murderer’s row of idiot Democrats. I’m ready to jab knitting needles in my ears.

greggriffith on May 17, 2011 at 9:33 PM

OK, I already ♥ Tina Korbe

MikeA on May 17, 2011 at 9:37 PM

The Left never addressed Jobs and now they are diddling with gas prices.

Inflation, jobs, another recession, gas prices, housing, the bloated size of government and an outright stealing from producers and the disregard for the constitution will be front and center.

All the right needs is a person with steely ones to counter the Audacity of Impertinence.

This has not been Hope ‘n Change, it’s been Hope ‘n Derange.

Schadenfreude on May 17, 2011 at 9:51 PM

Jimmy Carter is wishing he had a Dabid Axelrod astro turfing for him in 1979.

Roy Rogers on May 17, 2011 at 9:53 PM

Dabid Rabid Axelrod

Roy Rogers on May 17, 2011 at 9:55 PM

It’s not gas prices, right Max? So it must be the rent! The rent is too damn high!! LOL!

JAM on May 17, 2011 at 10:04 PM

Nearly seven in 10 Americans say high gas prices are causing financial hardship for their families — but Sen. Max Baucus (D-MT) says he doesn’t see the high price of fuel as an issue “at all.”

Does the phrase “let them eat cake” sound familiar to the Senator?

Chip on May 17, 2011 at 10:06 PM

The lamestream media and Speaker MeMe made it a DAILY bashing for President George W. Bush…

Same same for Obama and the Democrats…

Khun Joe on May 17, 2011 at 10:19 PM

They’ve got plenty, it seems.

unclesmrgol on May 17, 2011 at 10:23 PM

but Sen. Max Baucus (D-MT) says he doesn’t see the high price of fuel as an issue “at all.”

It’s an enormous issue with me, d**khead. I’m laid off and I can’t afford to drive my car to look for work everyday because of the high price of fuel.

single stack on May 17, 2011 at 11:48 PM

That same week, President Bush lifted his administrative moratorium and urged Congress to lift its companion moratorium, which Congress did shortly thereafter. Gas prices soon dropped.

why in the he11 did Bush and Congress put an administrative moratorium in the first place? Getting real tired of DC pols being stuck on stupid.

maineconservative on May 17, 2011 at 11:55 PM

Nearly seven in 10 Americans say high gas prices are causing financial hardship for their families — but Sen. Max Baucus (D-MT) says he doesn’t see the high price of fuel as an issue “at all.”

And why would he? Democratic Senators (i.e. “Royalty”) have their butts chauffeur-driven everywhere along with their personal security and chief’s of staff. I’m waiting for the “Let’em eat cake” equivalent quotation.

olesparkie on May 18, 2011 at 7:29 AM

Every one had the same talking point. So if gas prices do come down… will anyone tell them they were flat wrong?

SnowSun on May 18, 2011 at 8:12 AM

“As we’ve seen, the price of oil is not strictly tied to a supply-and-demand question,” he said. “It often is a perceived supply and demand.”

Hmmmm. You mean “speculation”, right?

That’s odd. I thought Ed and the other speculator defenders were telling us that speculation had NO bearing on oil prices whatsoever, and that it was 100% supply-and-demand based.

crushliberalism on May 18, 2011 at 8:41 AM

I will apologize for Maxie one more time. Hopefully, this will be his last term. This won’t be but should be on all the front pages of the newspapers in Montana.

Kissmygrits on May 18, 2011 at 9:09 AM

gas prices are not the issue for dims. the smart grid is going to solve everything.

Smart grid was dealt a severe setback when my friend proclaimed loudly at their big meeting, that SG was simply Enron II. Its simply a way for ‘speculators’ in the energy ‘markets’ to sell power at peak times, and put residential users in similar bundles to business ones. They then trade and sell these markets to each other.

The other thing SG does that the average consumer might not like, is they can turn off your AC/heat remotely, without your knowledge or consent, at any time. Not whole substations mind you, but individual houses.

SG is really a last ditch effort to manage the grid without crashing the whole thing. What we should be doing is building more power plants.

The good news is that the wireless protocol they use is pretty easy to crack, and I am also going to bet that the central control center will be windows based and also pretty easy to get into. (HINT: if I can get into their system and turn stuff off, don’t you think the Chinese could do the same???).

RE: we really do need to fire up the guillotines again. This is why I said if you hang 1 person on the GunWalker Treason fiasco…the rest of the rats will turn on each other to avoid the gallows. Too many progressives in DC, the only way to get rid of them is permanently.

orbitalair on May 18, 2011 at 9:15 AM

But on the other hand, a commitment to exploration sends a signal to international markets — a signal even OPEC can’t ignore.
“We are sitting on potential reserves here that are absolutely huge and the world knows that,” House Natural Resources Chairman Doc Hastings said recently. “If you want to beat a cartel, you increase the supply of whatever that cartel is controlling. If we send a signal that we’re going to increase the potential supply of crude oil in this world, I think the market will respond accordingly.”
In fact, Hastings said, history bears him out. In June and July of 2008, high gas prices coincided with both a presidential and a congressional moratorium on drilling on the Outer Continental Shelf. Prices reached their peak of an average of $4.054 a gallon nationwide the week of July 14. That same week, President Bush lifted his administrative moratorium and urged Congress to lift its companion moratorium, which Congress did shortly thereafter. Gas prices soon dropped.

Republicans need to be shouting this from the rooftops.

As Herman Cain said during the debate in SC, oil prices depend on drillers/producers, refiners, and speculators. If the Government allows the drillers to produce and refiners to refine, speculators will drive prices DOWN much faster than the actual oil comes to market.

$4 gas you hate?
Remember ’08!
Drill, Baby, Drill !
Here, not Brazil !

Steve Z on May 18, 2011 at 11:29 AM