Hey Mr. Chosen one

[firstdown]

Originally Posted by Schneed10

I'd like to add that the POTUS has almost ZERO control over gas prices. The Fed doesn't even have meaningful control of it. Nobody does, it's almost completely driven by external economic factors.

Which is exactly why our leaders constantly say we need to break our dependence on foreign oil. They have no control over the prices; if Africa suddenly became a developing economy with need for oil like China and India, our prices would skyrocket and there'd be nothing we could do about it.

So your saying that stopping US companies from drilling oil off the gulf coast will not drive up prices? While I agree goverment does not control supply and demand they do have some control over things that do drive up and down the price of oil.

Why was this thread even started? Did someone say the cost of gas was higher now then with Bush? I think I paid almost $4.00 at one point under Bush.

You also say Nobody has control over gas prices but Opec has a ton of control over prices. Why do you think they control the the flow of oil to the market?