Republicans vs. Democrats on Gas Prices

11 06 2008

Hat tip: Power Line Blog.

This chart was put together by Republican whip Roy Blunt illustrating the vast differences between Republicans’ and Democrats’ ideas to lower gas prices.

gas savings chart

Blunt’s office adds this footnote:

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.

Also notice that neither party includes in their plan a reduction in federal taxes on a gallon of gasoline. Those “big oil” companies only make around $0.08 per gallon profit. And they provide a service too. The government takes twice the amount big oil gets, $0.16 per gallon, and government doesn’t provide anything for that two-fold amount. So, since “big government” doesn’t care about the American people, free enterprise will have to step in and do the job, again. At least the ideas proposed by Republicans enable the free market to work. In contrast to the Democrats plan, which include more big government and substantially less savings.

Bottom line: Republicans: Win – win. Democrats Win (government) – Lose (people).

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8 responses

11 06 2008
Republicans vs. Democrats on Gas Prices : Stop The ACLU

[…] Crossposted at Truth and Reason […]

11 06 2008
Mr. Incredible

Maybe Chinese drilling off Florida will help us:

http://www.cnsnews.com/ViewPolitics.asp?Page=/Politics/archive/200806/POL20080611e.html

Yeah, yeah, dat’s it!

11 06 2008
regularron

Where’ve you been brotha? It’s good to see you back and in the fold.
Got a little worried, and even emailed Jay to see if you were alright.

God bless brotha.

12 06 2008
Truth and Reason

Thanks, Ron. I’ll be right here.

13 10 2008
svenkid66

I am not the smartest individual. Being only sixteen years old I know very little about politics and how the world works. But I just do not understand why drilling is going to help if the business’ are just going to take all the profit and disperse it around the world. Most business’ such as BP (British Petroleum) will not keep all the profits and/or oil in the United States. It will go to the world market where we will be paying the same prices we do now. There is not a shortage of oil but there is a shortage of refineries or plants to produce oil into gasoline. With each taking roughly ten years to build and get up and running this will not solve our problem. I am for drilling more than most people but this will not solve any problems. I see from neither candidate a plan to turn to alternative sources of energy. It bothers me that this “bandage” that drilling will produce will help at all. We as a country need to realize that this is not the 70’s where this will just pass over and we can go back to normal.

I would love to hear from someone that can educate me on their beliefs of what this country needs to solve our problem. As I republican I am attacked repeatedly and know a lot of information and have some strong opinions but I would like to hear yours as well…

Thank you,

Steve.

15 10 2008
Truth and Reason

Steve, the picture in the post pretty much answers your question. I’d be glad to answer a specific question you may have, but oil companies are not just dispersing profits around the world. They are investing it where they can drill. If we were allowed to drill here, it would be invested here. Simple.

16 10 2008
svenkid66

The picture states that the price will go down but does not tell, in detail, how that would happen. Good point about the investing though. I’m not saying it is not possible but do you really think it will impact the prices that much? Because gas is basically a need, not a want, in todays society the demand aspect of this situation will be relatively great. So the supply part would not affect the the prices as much as the picture shows. I believe that people would be willing to pay more than $2.06 a gallon and with that said the companies will charge more. Why not make a bigger profit for one’s business so grow, right? I truly do hope that we will see this plan put to action but I cannot see the results being taken this far. As for a specific question, it would have to be this: If the Republican strategy is so simple, clear, and all around better then why is the Democratic strategy even considered?

18 10 2008
Truth and Reason

Well, first, I would say it’s the “Democrat” strategy. There’s really nothing democratic about their ideas, which are basically keep us dependent on foreign oil while we chase ideas that won’t yield results for 15+ years. They don’t want to build the bridge, so to speak, which is domestic drilling.

Secondly, who knows really?! I can’t, for the life of me, understand why anyone would want to pursue such an illogical plan. But, they have a powerful lobby group in the environmentalists that keep a tight stranglehold on Washington’s ability to enact new legislation. Hopefully that will change now that majority of Americans can see the writing on the wall in both ideas.

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