Why are you voting or not voting for Barack Obama?

[akuma587]

Kasz216 said:

Your really blaming gas prices on Bush?  I'm guessing your not that well informed on stuff then if you don't know why gas prices are what they are.

I mean... China's massive industrilzation mean anything to you?

Obama plans to give his Ethanol buddies a bunch of extra money by raising our ethanol subsidies... which in turn rises the price of food and is a cause for the global food crisis.

Which makes food expensive for you, me and everyone else around the world.

The global food crisis is the real problem we need to worry about when it comes to helping the poor.

That and the price of food.  Really we need to rapidly increase gas sources through something that isn't biofuels.

Like Natural Gas powered cars, and plug in cars. (which John McCain has a nice tax credit for.)

 

Yes, the Chinese have a much higher demand for fuel than they did, yes Ethanol has risen the price some.

But you are completely ignoring the facts if you think Bush's actions didn't affect the price greater than both of those things.  Prices were consistently higher after we invaded Iraq.

 

Whereas China is still consuming way less oil than we do.

http://www.time.com/time/magazine/article/0,9171,501041025-725174,00.html

Over the long term, experts say China's energy appetite will only continue to expand. If its oil demand keeps growing at an average rate of 7% a year, as it has since 1990, the country in less than 20 years will be consuming 21 million barrels a day�matching the current consumption of the U.S. "There's a big question mark as to whether that's sustainable," says Wu.

Here is a comparison:

 

 

The Bush economic policies are just as big of a factor, the insane deficit spending and ballooning of the national debt which have drove the dollar into the ground:

http://www.geotimes.org/apr08/article.html?id=WebExtra041508_2.html

Oil reached another all-time high today, topping $114 a barrel in global trading. The reasons for the rise are manifold, including new concerns from the International Energy Agency about supply shortages. But one cause of the high price is the depreciating dollar, which dropped again today in trading. When the dollar falls, oil prices rise because investors are more likely to use their money to buy hard commodities that won't lose as much value such as oil and gold.  

In fact, much of the rise in oil prices is due to a weakening U.S. dollar. This chart shows the price per barrel of oil in dollars and euros over the last five years. The widening gap between the two lines indicates that 35 percent of the increase in the price of oil could be attributed to currency devaluation. Of course, the falling dollar is due, in part, to the rising price of oil.

Meanwhile, the national average for gasoline prices in the United States also hit record highs of nearly $3.40 per gallon, with diesel fuel prices rising to $4.12 per gallon. Analysts say prices are unlikely to fall anytime soon, especially as the summer driving season gets under way in the United States.