What will Obama do to lower the price of oil??

MANY people here have said it is Bush's fault (HIS war) that gas prices are so high.


So, what will BHO do to lower gas prices??


Withdraw from Iraq? Will that lower prices??





Thanks!


As Always!What will Obama do to lower the price of oil??
Paying off deficits instead of prolonging the war as a tax dollar funnel, so the the value of the dollar returns, would be a great start.


Immediately after Bush leaves office, and the world starts wondering if things are really going to change, some value should return to the dollar.





The reason why crude oil prices are so high, is because speculators view Bush actions as a threat to supply. Example: his threats to Iran, his no dipomacy foriegn policy etc, all translate to wallstreet as potential threat to supply. So they buy large to take adavantage of a profitable situation.





They also buy commodities to prevent loss of investment power from falling dollar.What will Obama do to lower the price of oil??
Not much in the short run, but plenty in the long run. Ending the conflict in Iraq so that more of Iraqi oil reaches the market will help some. Ending the war spending and cutting the deficit will shore up the dollar and that will help some. Increasing R%26amp;D and investment in alternative and renewable energy will help some.


Wagging a wind-fall profit tax in front of the oil companies unless they invest in more infrastructure and refineries will help some.


Come to think of it, if Obama wins, you can bet the price of oil will drop. McCain would do none of those things.
I doubt that Obama will let his Vice President meet in secret with the heads of big oil to make energy policy. Cheney not only did that but took it to the Supreme Court to keep who attended and what was discussed a secret. This happened BEFORE the Iraq War.


Obama has made it clear he will:


1. Require the oil companies to invest some of their profits into researching alternative energy sources.


2. Work with the auto makers to raise the mileage standards and efficiency of new vehicles.
This is from Obama's blue print for change. Essentially his plan is to Pump a lot of money into research and development of more efficient and cleaner fuels and make into laws that cars have to be more efficient. of course according to him we are on a 18-30 year plan. And we all know how efficient and innovative the government can be. Other than that he really mentions nothing. Will you be happy with paying more taxes for solutions like this?





Set America on Path to Oil Independence


Obama's plan will reduce oil consumption by at least 35 percent, or 10 million barrels per day, by 2030. This will more than offset the equivalent of the oil we would import from OPEC nations in 2030.


* Increase Fuel Economy Standards: Obama will double fuel economy standards within 18 years. His plan will provide retooling tax credits and loan guarantees for domestic auto plants and parts manufacturers, so that they can build new fuel-efficient cars rather than overseas companies. Obama will also invest in advanced vehicle technology such as advanced lightweight materials and new engines.
Put controls on the speculators who are buying the oil futures and driving the price sky high. Other commodity brokers have regulations, except the oil speculators. Obama wants to put a price cap on fuel. Jimmy Carter did that in the 70s and it didn't work. The oil companies, are not obligated to sell gas, they did it in the past.
The price of oil, thus gasoline, is mostly out of the presidents hands.





The president could use his influence to reduce the massive tax on the oil industry and perhaps encourage them to build a few more refineries.





The president could encourage the building of more nuclear power plants.





The world use oil today is about 85,000,000 bbl/day. The world demand is about 87,000,000 bbl/day.The max oil production capacity is said to be about 100,000,000 bbl/day; however this number is challenged by some who say it is lower. Most of the easy oil is gone, thus the cost will continue to rise. America absolutely must develop alternate sources of energy available in this country. i.e. natural gas, clean coal, wind and solar power.





Natural gas should be first to be developed as a fuel for vehicles. Nuclear and coal for electricity and solar for home use.





When the world oil reserve is reduced to about half of its historical reserve volume, the price is going to really climb.





I am much too old to really worry about it, my children and grandchildren are going to face the greater burden of it. I am older today than McCain will be when he finishes his first term as president. I would vote for him even if he had Alzheimer's. He could still do a better job than Obama.





I don't believe a liberal president has the intestinal fortitude to do much, We need a long train of McCains to really get the job done.
Gas prices are so high because of the constraints and road blocks the House and Senate have placed on the oil industry here in America about drilling on our territory and building new refineries. We have plenty of oil sitting off off our coasts and in ANWAR, that we cannot touch because of legislation from Washington DC.





The oil in Iraq is reaching the market but, it is going to China and India, the U.S. gets none of it.





Alternate energy sources will not happen over night and we need dependency from foreign oil now in order to develop those alternate sources.





So, if you look at it he was a part of the problem in the first place what is he going to do that is any different?
Invade Iran and Saudi Arabia and nationalize their oil fields. Withdrawing from Iraq will probably cause the price of crude to rise because the commodities market will see it as a world crisis in waiting. Look for a major increase if Obama is elected. He will upset the delicate balance in the world and that causes panic and oil prices to rise. He has very little power to lower it only to make it go up.
LOL.


OBAMA doesn't care about the price of oil. He's into the carbon emission global warming baloney. It's going to be a tax if you use too much oil. To encourage us to reduce our oil consumption he will make sure oil and gas prices are HIGHER.
WHEN THE DEMS TOOK CONGRESS,THEY SAID THEY HAD PLANS TO LOWER GAS PRICES. WHY ARE THEY KEEPING THEIR IDEAS TO THEMSELVES? PLEASE SHARE IT WITH THE REST OF THE CLASS!!! OBAMA ISN'T ANY DIFFERENT. AND THE REPUBLICANS HAVE ALSO FAILED US. WE NEED TO GO IN A DIFFERENT DIRECTION. I KIND OF LIKE THE LIBERTARIAN PLATFORM AND BOB BARR. TAKE AS MUCH POWER AWAY FROM THE FEDERAL GOV'T AS POSSIBLE. AND CUT ALL THEIR EXTRAVAGENT SPENDING!!!
Prices for everything would go up not down with Hussein Obama. He will cause oil companies to pay higher taxes and in turn they will charge us higher prices. Because of that every thing will be higher. He wants change, but the type of change is toward more government control of every part of our lives. He is a socialist pure and simple, he will tear this country apart trying to socialize us.
Nothing.





But you WILL have universal health care, whether you want it or not. But don't worry, 'they' won't be paying for it, I and others like me will. The greed of the left never ceases to amaze me. ';Please! Come! Take what you like. I don't need it. I never did. I have no idea why I ever earned it in the first place. It does me no good, especially with the government here to take care of me and my family.';
Iraq withdrawal = $12 billion per month - increased promised vet benefits and other necessities.


Call it 10. Even I could crank up a cellulosic ethenol program and energy independence (in general) program for THAT much, and it might not ever require that which could go toward reducing the Dumbya Fed debt.
The president of the United States has nothing to do with globally traded commodities even though demand has lowered in the United States the price is still going up due to speculative investing. the price has gone up respectively all over the world bush nor Obama nor McCain can do anything about it
Lower it, his plan is to raise it, so that the taxes earned can be spent on getting some people free health care. Only some people, he don't feel that everyone deserves free health care.
He will do nothing at all. The Dems are all talk on this issue. They came to power in the Congress on the promise that they would lower fuel costs. It's been over two years now, and I'm still waiting.
A president's decisions can have an affect on the cost of oil indirectly. For instance, Bush and Congress decision to go into war shook up the market, making speculators shite their pants.
Obama is the most clueless kneegrow I have ever seen. Snoop Dog has more brains than this idiot.
More government. What else? More government is the solution to all our problems, isn;t it?
Obama could heat his home with some of the hot air from his mouth.
';Hope'; they get lower.
Yup. Less war, more drilling.
Throw Bush and his neocons in prison.
He'll drive a Prius in his motorcade.
Wave his magic ';change'; wand and solve all the worlds problems.
pull out of iraq and drill in n dakota
he'll talk to ahmedinejad and beg for some free oil.
Nothing at all. Get a clue, don't vote for Socialism!
invade the Saudi peninsula and make them all our bitches!
Barack Obama's Plan


Reduce Carbon Emissions 80 Percent by 2050


Cap and Trade: Obama supports implementation of a market-based cap-and-trade system to reduce carbon emissions by the amount scientists say is necessary: 80 percent below 1990 levels by 2050. Obama's cap-and-trade system will require all pollution credits to be auctioned. A 100 percent auction ensures that all polluters pay for every ton of emissions they release, rather than giving these emission rights away to coal and oil companies. Some of the revenue generated by auctioning allowances will be used to support the development of clean energy, to invest in energy efficiency improvements, and to address transition costs, including helping American workers affected by this economic transition.


Confront Deforestation and Promote Carbon Sequestration: Obama will develop domestic incentives that reward forest owners, farmers, and ranchers when they plant trees, restore grasslands, or undertake farming practices that capture carbon dioxide from the atmosphere.


Invest in a Clean Energy Future


Invest $150 Billion over 10 Years in Clean Energy: Obama will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial-scale renewable energy, invest in low-emissions coal plants, and begin the transition to a new digital electricity grid. A principal focus of this fund will be devoted to ensuring that technologies that are developed in the U.S. are rapidly commercialized in the U.S. and deployed around the globe.


Double Energy Research and Development Funding: Obama will double science and research funding for clean energy projects including those that make use of our biomass, solar and wind resources.


Invest in a Skilled Clean Technologies Workforce: Obama will use proceeds from the cap-and-trade auction program to invest in job training and transition programs to help workers and industries adapt to clean technology development and production. Obama will also create an energy-focused Green Jobs Corps to connect disconnected and disadvantaged youth with job skills for a high-growth industry.


Convert our Manufacturing Centers into Clean Technology Leaders: Obama will establish a federal investment program to help manufacturing centers modernize and Americans learn the new skills they need to produce green products.


Clean Technologies Deployment Venture Capital Fund: Obama will create a Clean Technologies Venture Capital Fund to fill a critical gap in U.S. technology development. Obama will invest $10 billion per year into this fund for five years. The fund will partner with existing investment funds and our National Laboratories to ensure that promising technologies move beyond the lab and are commercialized in the U.S


Require 25 Percent of Renewable Electricity by 2025: Obama will establish a 25 percent federal Renewable Portfolio Standard (RPS) to require that 25 percent of electricity consumed in the U.S. is derived from clean, sustainable energy sources, like solar, wind and geothermal by 2025.


Develop and Deploy Clean Coal Technology: Obama will significantly increase the resources devoted to the commercialization and deployment of low-carbon coal technologies. Obama will consider whatever policy tools are necessary, including standards that ban new traditional coal facilities, to ensure that we move quickly to commercialize and deploy low carbon coal technology.


Support Next Generation Biofuels


Deploy Cellulosic Ethanol: Obama will invest federal resources, including tax incentives, cash prizes and government contracts into developing the most promising technologies with the goal of getting the first two billion gallons of cellulosic ethanol into the system by 2013.


Expand Locally-Owned Biofuel Refineries: Less than 10 percent of new ethanol production today is from farmer-owned refineries. New ethanol refineries help jumpstart rural economies. Obama will create a number of incentives for local communities to invest in their biofuels refineries.


Establish a National Low Carbon Fuel Standard: Barack Obama will establish a National Low Carbon Fuel Standard to speed the introduction of low-carbon non-petroleum fuels. The standard requires fuels suppliers to reduce the carbon their fuel emits by ten percent by 2020.


Increase Renewable Fuel Standard: Obama will require 36 billion gallons of renewable fuels to be included in the fuel supply by 2022 and will increase that to at least 60 billion gallons of advanced biofuels like cellulosic ethanol by 2030.


Set America on Path to Oil Independence


Obama's plan will reduce oil consumption by at least 35 percent, or 10 million barrels per day, by 2030. This will more than offset the equivalent of the oil we would import from OPEC nations in 2030.





Increase Fuel Economy Standards: Obama will double fuel economy standards within 18 years. His plan will provide retooling tax credits and loan guarantees for domestic auto plants and parts manufacturers, so that they can build new fuel-efficient cars rather than overseas companies. Obama will also invest in advanced vehicle technology such as advanced lightweight materials and new engines.


Improve Energy Efficiency 50 Percent by 2030


Set National Building Efficiency Goals: Barack Obama will establish a goal of making all new buildings carbon neutral, or produce zero emissions, by 2030. He'll also establish a national goal of improving new building efficiency by 50 percent and existing building efficiency by 25 percent over the next decade to help us meet the 2030 goal.


Establish a Grant Program for Early Adopters: Obama will create a competitive grant program to award those states and localities that take the first steps to implement new building codes that prioritize energy efficiency.


Invest in a Digital Smart Grid: Obama will pursue a major investment in our utility grid to enable a tremendous increase in renewable generation and accommodate modern energy requirements, such as reliability, smart metering, and distributed storage


Restore U.S. Leadership on Climate Change


Create New Forum of Largest Greenhouse Gas Emitters: Obama will create a Global Energy Forum 鈥?that includes all G-8 members plus Brazil, China, India, Mexico and South Africa 鈥搕he largest energy consuming nations from both the developed and developing world. The forum would focus exclusively on global energy and environmental issues.


Re-Engage with the U.N. Framework Convention on Climate Change: The UNFCCC process is the main international forum dedicated to addressing the climate problem and an Obama administration will work constructively within it.