Tag Archives: Gas Prices

Democrat who has served 38 years in Congress down 14 points in latest poll

Michael Barone reports on it in the Washington Examiner.

Excerpt:

Here’s an astonishing poll: David Freddoso at Conservative Intelligence Briefing links to a report by the Washington Post’s Aaron Blake that West Virginia 3rd district incumbent Rep. Nick Rahall trails Republican challenger state Sen. Evan Jenkins by a 54-percent to 40-percent margin. The poll was conducted by the Tarrance Group, a Republican firm which, like several Democratic and other Republican firms, has had a good record for reliability over the years.

This is astonishing for several reasons. Rahall, first elected in 1976, is now the seventh most senior member of the House, with three of the more senior members retiring (John Dingell, Henry Waxman, George Miller) and another with a serious primary challenge (Charlie Rangel). Moreover, his district in southern West Virginia has historically been very Democratic; in its previous boundaries it voted for Walter Mondale overRonald Reagan in 1984. Rahall won in 1976 by 46 percent to 37 percent over Ken Hechler, his predecessor in the seat, who after losing a Democratic primary for governor ran as a write-in candidate; the Republican nominee received only 18 percent of the vote. From 1978 to 2008, Rahall was re-elected with at least 64 percent of the vote, except in 1990 when he beat Republican Marianne Brewster by only 52 percent to 48 percent.

But this is coal country, and Rahall’s margins have gone down after President Obama was elected president. In 2010, Rahall won by a reduced margin of 56 percent to 44 percent, and in 2012, his margin was only 54 percent to 46 percent. Obama’s unpopularity surely cost him: John McCain carried the district within its then-boundaries by a 56-percent to 42-percent margin in 2008, and Mitt Romney carried the current district 65 percent to 33 percent in 2012. Rahall is ranking Democrat on the Transportation and Infrastructure Committee and was Chairman of the Natural Resources Committee when Democrats had a majority in the House; these are committee positions of importance to a mountainous coal district, but apparently they are not enough to help him now.

So, this time the culprit isn’t Obama’s terrible health care policy, it’s Obama’s terrible energy policy. Remember, the Environmental Protection Agency basically banned construction on all future coal plants which cost a lot of jobs. Not only that, but coal plants have been closing because of Democrat energy policies. Lastly, restrictions on coal production by Democrats have made energy prices go up, especially in the South. So people who are connected to the coal industry in Ohio, Pennsylvania, West Virginia, etc. should really be thinking a second time about supporting the Democrats in 2014 – and 2016, too.

Democrat senator Barbara Boxer introduces carbon tax legislation

From CNS News.

Excerpt:

Today, Sen. Barbara Boxer (D-CA) introduced a bill to levy a carbon tax. But, back on Nov. 15 of last year, Pres. Obama’s press secretary promised the administration would “never” do so.

According to Reuters, the new tax law “would set a $20 tax for each ton of carbon dioxide equivalent a polluter would emit beyond a set limit, which would rise 5.6 percent annually over a 10-year period.”

Last November, however, White House Press Secretary Jay Carney told reporters that would never happen:

“We would never propose a carbon tax, and have no intention of proposing one.  The point the President was making is that our focus right now is the same as the American people’s focus, which is on the need to extend economic growth, expand job creation.  And task number one is dealing with these deadlines that pose real challenges to our economy, as he talked about yesterday.”

“A carbon tax will skyrocket [the] price of everything,” a statement from Sen. David Vitter (R-LA), a member of the Senate Environment and Public Works Committee, warned today:

“It’s not just energy prices that would skyrocket from a carbon tax, the cost of nearly everything built in America would go up.”

The cost of everything is already going up because of inflation. This carbon tax is just going to make it worse, especially for the poor.

Fracking propels North Dakota to 3.2% unemployment rate

What happened when North Dakota lowered its regulatory barriers to energy development?

This:

North Dakota had the highest payroll-to-population rate (P2P) and the lowest underemployment rate in 2012, thanks mostly to the state’s booming oil & gas industry.

According to Gallup’s “State of the States” analysis released today, North Dakota ranked number one among the lower 48 states, with a payroll to population rate of 53.6 percent.

Gallup said it measured each state’s P2P rate by the percentage of the adult population aged 18 and older employed full-time by an employer for at least 30 hours per week.

The analysis noted that the numbers are not seasonably adjusted and variations across states reflect a number of factors, including the overall employment situation for each state as well as the demographic composition of that state’s population. P2P rates in Alaska, Hawaii, and the District of Columbia were not considered in the analysis.

Factoring in the most recent unemployment data is key to the Gallup analysis. North Dakota reported just a 3.2 percent unemployment rate, well below the national average unemployment rate of 7.9 percent, according to the U.S. Bureau of Labor Statistics.

The number one ranking should not come as much of a surprise given the Peace Garden state’s rise in oil and gas production and the subsequent rise in jobs over the past few years.

According to North Dakota Jobs Service data from 2011, the most recent available, the number of oil and gas jobs in North Dakota has risen 57.5 percent since 2010 – going from 10,660 jobs in 2010 to 16,786 jobs in 2011, with the oil and gas payroll nearly doubling — going from $852 million in 2010 up to $1.5 billion in 2011.

North Dakota now produces more oil than any other state, including Alaska, which ranked number one in 2011, according to the U.S. Energy Information Administration.

Hydraulic fracturing, or “fracking” which uses high-pressure water, sand, and chemicals to force oil from underground rock formations, has largely contributed to the recent boom in North Dakota’s fossil fuel industry.

North Dakota, as you might expect, is a very, very conservative state.

What about the US as a whole, under Barack Obama and the Democrats? Well, Obama killed the Keystone XL pipeline, which would have created 20,000 jobs. His administration has introduced many burdensome regulations on energy development, as well. Democrat energy policies have been a disaster, and it explains, in part, why we have a huge number of people not in the work force. We could have allowed North Dakota’s success to spread across the United States, if we had only approved that pipeline and removed barriers to energy development imposed by high taxes and regulations. But we didn’t. There’ll be another chance to vote for jobs in 2016.

Romney wins CNN debate against Obama and biased moderator Candy Crowley

Romney brought up the Obama administrations lies about Benghazi as well as the Fast and Furious gun-running to Mexican drug cartels to seal the victory. Although the Democrat moderator lied about Obama calling Benghazi an act of terror, it wasn’t enough to save Obama from Mitt’s constant repetition of the horrible performance of the economy under the socialist Barack Obama.

Romney narrowly won, but it could have been better if he had pressed the attack on the security failures in Benghazi with more facts. He pulled his punches there, and he had no reason to.

There are two stories to this debate. First, the CNN moderator lied to protect Obama about his Benghazi security failure:

CNN correspondent and second presidential debate moderator Candy Crowley disgraced herself tonight, repeatedly intervening to save a floundering President Obama and showing why many Americans were rightfully suspicious of her ability to moderate a presidential debate fairly.

Her most outrageous act tonight was her incorrect seconding of Obama’s statement that he declared the Libya terrorist attacks to be “terror.” While Obama did indeed use the word, this is not what he meant by it. Instead, he was simply referring to “acts of terror.” There was no mention of Al Qaeda or any of its affiliates with respect to the actual attack on the U.S. embassy in Benghazi.

Here is the full Obama statement in reference to “terror” in Libya.

“No acts of terror will ever shake the resolve of this great nation, alter that character, or eclipse the light of the values that we stand for. Today we mourn four more Americans who represent the very best of the United States of America. We will not waver in our commitment to see that justice is done for this terrible act. And make no mistake, justice will be done.”

Perusing the full Obama speech reveals that the president and Crowley misstated the facts…

She has now admitted that Romney was correct about Benghazi.

Second, the CNN moderator cut off all discussion of Obama’s Fast and Furious gun-smuggling to drug cartels, after asking a planted question about “assault weapons”:

As I reported earlier, the topic of Operation Fast and Furious came up at tonight’s presidential debate in New York. During Mitt Romney’s remarks on the deadly subject, President Obama sat in the background where he smirked and at one point, laughed.

[The] debate moderator Candy Crowley quickly changed the subject away from Operation Fast and Furious and when she was done speaking, President Obama failed to address the issue. After the debate in the media spin room, the Obama campaign wasn’t interested in discussing the details either.

[…]Fast and Furious has damaged the relationship between Mexico and the United States, not to mention, it’s laughable to hear President Obama talk about gun control when his own Justice Department armed Mexican cartels with thousands of AK-47 style weapons.

“It’s a vital issue. The President promised to run one of the most transparent and open administration in history. That’s not the case in fact literally today the Justice Department filed suit trying to get out access to records thrown out of court. The President is so upside down on Fast and Furious. He’s never directly addressed the question. He was asked specifically by Univision and he said he would get to the bottom of it but nobody has been held accountable and they haven’t provided the documents to Congress,” Rep. Jason Chaffetz, who sits on the House Oversight Committee, told Townhall. “I’m glad to see Mitt Romney mentioned it and actually talked about it in a proactive way as something that was wrong on every facet.”

Here are some of the other key points about tonight’s debate:

Who really gets rich from gasoline? Big oil companies or big government?

Here’s a great article that will blow your mind from the Wall Street Journal. (H/T Tom)

Excerpt:

With the average price of gas in America hovering around $3.50 per gallon for regular unleaded, it costs more than $50 to fill a typical car’s 15-gallon tank this summer. Why does gas cost so much?

You may blame high gas prices on rich oil company executives or greedy gas station owners. The truth is that governments rake in a larger profit at the pump than anyone—and with gas taxes on the rise in many parts of the country, there’s no relief in sight.

The price of a gallon of gas is based on the combination of four costs: that of crude oil, of refining gas, of distribution and marketing, and of taxes.

Crude oil costs make up about 76% of the cost of gasoline, according to U.S. Energy Information Administration (EIA). Thus $2.66 of a $3.50 gallon of gasoline is set before the oil is even refined. Global markets, reacting to supply and demand, determine the cost of crude oil. Just like any commodity, from gold to corn, a shortage in supply or an increase in demand leads to a rise in prices.

Refining oil is the next step in the process—and the next expense for drivers. Gasoline is extracted from crude oil and additives, including lubricants and detergents to reduce engine deposits, are added. As of January 2012, the EIA found that refining was responsible for 6% of the cost of gasoline.

Distribution and marketing—the part of the process most apparent to consumers—constitutes another 6% of gas prices. That portion of the cost includes the shipping and transportation of the gasoline, a markup to cover retailers’ expenses, and any advertising created to appeal to customers.

The remaining 12%—or almost 50 cents per gallon today—goes directly to federal, state and local governments in an array of sales and excise taxes. The federal gas tax is 18.4 cents on every gallon of gasoline sold in America. State gas-tax rates vary from a low of eight cents per gallon in Alaska to a jarring 49 cents per gallon in New York. Other states where it’s steep to fill up include California and Connecticut—each with 48.6-cent-per-gallon gas taxes—and Hawaii, at 47.1 cents per gallon.

Some local governments have gotten in on the act, too. In California, local sales and excise taxes on gasoline average 3.1%, according to the Los Angeles Times. That works out to about 12 cents in local taxes for each gallon of gas, based on the state’s current average of $3.80 per gallon.

[…]Exxon, for example, made only seven cents per gallon of gasoline in 2011. That’s a drop in the bucket compared to the nearly 50 cents per gallon that federal, state and local governments rake in on an average gallon of gas pumped in the U.S.

That’s not going to stop the unproductive socialists in government for accusing oil companies of being greedy. Who’s really greedy? Government is greedy. They take more of your money in gas taxes than the oil companies do.