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[...] 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.
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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.
ReplyDeleteAbsolutely agree, Jess. I remember those years well.
ReplyDeleteIf 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.
'Cept Uh-bama's got a trick up his sleeve -- just watch. Somehow he's gonna make gas prices start to fall in October...
ReplyDeleteBet me.
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.
ReplyDeleteWe could probably beat him on that issue alone but never underestimate to power of the Stupid Party.
GrinfilledCelt
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.
ReplyDeleteWhen 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.