Sunday, March 25, 2012

Gas Pain


A short note on gasoline prices and the election


“

Res Ipsa Loquitur

[...] This graph from Trevor Houser, a partner at the Rhodium Group and an energy and natural resources specialist, appears to suggest that the relationship between voting preferences and oil is incredibly strong.

A chart plotting political analyst Charlie Cook's Partisan Voting Index against gasoline expenditures as a share of personal income demonstrates the tight relationship between how much voters spend on gas and how they vote.[... Tiger Hawk]

Tiger Hawk 'splains this chart, but what it implies is that Obama's ass is grass.
”


3/25/2012 09:39:00 AM 5 Comments

"If the number of Islamic terror attacks continues at the current rate, candlelight vigils will soon be the number-one cause of global warming. "
Argus Hamilton


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5 comments:

Jess said...

Gas prices were a huge part of what destroyed Carter's second term chances. Obama will be the same. Even if the prices go down before the election, enough people hang the blame on the Obama Administration and will avoid taking the chance it will only get worse again.

3/25/12, 10:21 AM
TimO said...

Absolutely agree, Jess. I remember those years well.
If the Republican candidates aren't smart enough to really start hammering this home by the convention this summer and not play "Mr. Nice Guy" in the campaign, we're all screwed.

3/25/12, 1:42 PM
Anonymous said...

'Cept Uh-bama's got a trick up his sleeve -- just watch. Somehow he's gonna make gas prices start to fall in October...

Bet me.

3/25/12, 1:45 PM
Anonymous said...

I'll take that bet, Anonymous. People have seen Obama and many in his administration state their desire to see "energy prices go through the roof". and have seen that happen. I don't think too many will be fooled by a slight price dip in September.

We could probably beat him on that issue alone but never underestimate to power of the Stupid Party.
GrinfilledCelt

3/25/12, 4:54 PM
Hell_Is_Like_Newark said...

There is no shortage of oil. Million of barrels are held in salt domes, tankers, and tank farms. The future's contract on that oil never gets to market because it gets locked up in a new contract.

When investors / speculators think the future oil price will be lower today, that oil will flood the market.

You need a regime change in 2013 that will happen.

3/25/12, 6:49 PM

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