Does 'Big Oil' want four more years?

[markrinker]

As a small business owner that burns $20K+ annually in #2 diesel, I pay close attention to prices, and try to make sense of the trends that affect price. I have been saying for the last year - "...if big oil wants a new President, all they have to do is run the price of fuel back to $4.50 the summer before the election."

I am happy to report that this spring and summer has seen #2 diesel prices subside and in some isolated cases, swap places with regular unleaded for the first time in many years.


So...if you subscribe to the uber-powerful 'Big Oil' theory (as I do) - then riddle me this:


Why does Big Oil want another four years of Obama?

 

[comsnark]

Well. .. one of two options

1) What if they really can't control gas prices? What if they are trying to have $10 gas, but the market just won't let them get to $4.00.

2) What if they can control gas prices, but have decided that Obama and the Dems is the way to go? What that says is that as officers in a big corperation, they have looked at the numbers and concluded that the Democrats are really better for their industry!

You know. . .I bet the auto companies, and all the associated industries also have concluded that the Democrats are more favorable to them than the Republicans (After all. . .the republicans were willing to let them go bankrupt).

You know. . .I bet banking industry, and all the associated industries also have concluded that the Democrats are more favorable to them than the Republicans (After all. . .the republicans have said the Tarp was a bad thing).

Makes you wonder what industries benefit with the Republicans in power. . . .

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-[/total snark mode]

 

[Henry Boyd]

Well. .. one of two options


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-[/total snark mode]

When I first saw the original post I was going to reply with a discussion of the impact of a slowing Chinese manufacturing output and the global impact on energy prices. I like yours better.

 

[MonacoMike]

Well. .. one of two options

1) What if they really can't control gas prices? What if they are trying to have $10 gas, but the market just won't let them get to $4.00.

2) What if they can control gas prices, but have decided that Obama and the Dems is the way to go? What that says is that as officers in a big corperation, they have looked at the numbers and concluded that the Democrats are really better for their industry!

You know. . .I bet the auto companies, and all the associated industries also have concluded that the Democrats are more favorable to them than the Republicans (After all. . .the republicans were willing to let them go bankrupt).

You know. . .I bet banking industry, and all the associated industries also have concluded that the Democrats are more favorable to them than the Republicans (After all. . .the republicans have said the Tarp was a bad thing).

Makes you wonder what industries benefit with the Republicans in power. . . .

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-[/total snark mode]

When I first saw the original post I was going to reply with a discussion of the impact of a slowing Chinese manufacturing output and the global impact on energy prices. I like yours better.

Crony capitalism at it's finest.

We need to add term limits to the constitution AND half of that amount as a hire limit for congressional staff. (With the elected official term limited; staff would run Washington.)

MM

 

[comsnark]

Darn it Mike -> You simply MUST stop saying so many things I agree with!

BTW: My respect for fiscally Republicans as a fiscally responsible party went totally out the window when they demonstrated that they really didn't know the difference between the debt limit and budget deficits.

 

[blaster]

Corporate wellfare! Entitlement is a disease and the cure is very painful.

 

[comsnark]

So. . .how do you distinguish "business friendly policy" from "corperate welfare"?

 

[blaster]

You can't. Easily do that. I would say its business friendly when there is a cost benefit from the regulation or policy. On the other hand there are many situations like solara. I'm no expert on these things, I just call it how I see it.