In the last few years we have noticed the price of Gas ballooning to incredible prices. Some say it's because that refineries and wells were damaged by the Hurricane Katrina. Some say that it is because the oil industry is updating and building new refineries.
Some say that it's because of the Saudi's driving up the fuel prices although are usage is down 40% last year on foreign oil.
Some say it is because of the BP Oil spill that gushed millions of gallons of oil into the Gulf of Mexico. Some say that we are NOT drilling enough but I have found that we are actually drilling MORE now then when President Bush was President.
Then there are those that say it is because the President is pushing up the cost of gas. So I, being a good stewart that has a thirst for knowledge went in search of the truth.
I went to this web site to find out what the Powers of the President are. http://www.whitehouse.gov/our-government/executive-branch.
I took the liberty to copy some of those facts from that website.
The President is both the head of state and head of government of the United States of America, and Commander-in-Chief of the armed forces.
Under Article II of the Constitution, the President is responsible for the execution and enforcement of the laws created by Congress. Fifteen executive departments — each led by an appointed member of the President's Cabinet — carry out the day-to-day administration of the federal government. They are joined in this by other executive agencies such as the CIA and Environmental Protection Agency, the heads of which are not part of the Cabinet, but who are under the full authority of the President. The President also appoints the heads of more than 50 independent federal commissions, such as the Federal Reserve Board or the Securities and Exchange Commission, as well as federal judges, ambassadors, and other federal offices. The Executive Office of the President (EOP) consists of the immediate staff to the President, along with entities such as the Office of Management and Budget and the Office of the United States Trade Representative.
The President has the power either to sign legislation into law or to veto bills enacted by Congress, although Congress may override a veto with a two-thirds vote of both houses. The Executive Branch conducts diplomacy with other nations, and the President has the power to negotiate and sign treaties, which also must be ratified by two-thirds of the Senate. The President can issue executive orders, which direct executive officers or clarify and further existing laws. The President also has unlimited power to extend pardons and clemencies for federal crimes, except in cases of impeachment.
With these powers come several responsibilities, among them a constitutional requirement to "from time to time give to the Congress Information of the State of the Union, and recommend to their Consideration such Measures as he shall judge necessary and expedient." Although the President may fulfill this requirement in any way he or she chooses, Presidents have traditionally given a State of the Union address to a joint session of Congress each January (except in inaugural years) outlining their agenda for the coming year.
The Constitution lists only three qualifications for the Presidency — the President must be 35 years of age, be a natural born citizen, and must have lived in the United States for at least 14 years. And though millions of Americans vote in a presidential election every four years, the President is not, in fact, directly elected by the people. Instead, on the first Tuesday in November of every fourth year, the people elect the members of the Electoral College. Apportioned by population to the 50 states — one for each member of their congressional delegation (with the District of Columbia receiving 3 votes) — these Electors then cast the votes for President. There are currently 538 electors in the Electoral College.
President Barack Obama is the 44th President of the United States. He is, however, only the 43rd person ever to serve as President; President Grover Cleveland served two nonconsecutive terms, and thus is recognized as both the 22nd and the 24th President. Today, the President is limited to two four-year terms, but until the 22nd Amendment to the Constitution, ratified in 1951, a President could serve an unlimited number of terms. Franklin Delano Roosevelt was elected President four times, serving from 1932 until his death in 1945; he is the only President ever to have served more than two terms.
By tradition, the President and the First Family live in the White House in Washington, D.C., also the location of the President's Oval Office and the offices of the his senior staff. When the President travels by plane, his aircraft is designated Air Force One; he may also use a Marine Corps helicopter, known as Marine One while the President is on board. For ground travel, the President uses an armored Presidential limousine.
Now, unless I missed something there is nothing in those words that would state anything to the power of raising the price of gasoline!
People, we need to stop listening to bull shit and start thinking with our brains. Who benefits the most in raising the gas prices? The Gas Companies! Who has had record gains in the last four years?
If you look at the stocks BP, XOM, CVX, and COP they all are showing Bullish! Why? Because they are showing to make record amounts of money! Do your research! Check the Financial Statements of these Companies. I also find it amazing that with all of these companies the Analyst are saying they are mostly bullish even though the insiders are selling their stock like crazy! Why is that?
As of 12/31/2011 the total revenue is as follows: Exxon $433.5B, Chevron $236B, Hess $38B, Marathon $14.7B and BP $375.5B. That's B with a Billion! I think that somebody is cooking the books!
Don't believe me? ABC News-High Gas Prices mean record profits for Big Oil.
Big oil has always been a dirty business. Now if you think that Big Oil is in the Presidents Pocket I wonder how many of those insiders are Democrats? Why would they be? The President wants them to start coughing up tax money that they have been hiding from with the Bush Tax Cuts for the richest 1%!
Always! Always! ALWAYS follow the money!
So, GOP Candidates, yes I'm talking to you NEWT, MITT and RICK! Stop saying that the President is driving up the cost of Gas when it's actually YOUR backers that are paying you! There ya go SUPER-PAC!
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