by Queaks » Wed 11 May 2011, 17:42:17
I can't answer for all americans, but I can give my thoughts.
First there is no reason for gas to be priced so highly. Some of the cost is from speculators which has risen recently, due to our Mideast involvement and the psychology of risk. Obama could remove the "risk trade" from the speculators just by opening up drilling permits. It would not affect real supply for the near term, but it kills the risk premium that speculators bet on. It happened within a few months in 2008 when Bush promised more drilling. For speculators, reality doesn't matter, it’s the future expectation. So some anger is at Obama for his refusal to allow drilling which would kill the risk trade and bring down prices.
Second, we do not have a current supply problem, there is as much oil here as last summer but the price is higher due to #1 above.
Third there are excess taxes on gas. While that varies by state, here in Michigan the tax is a road tax on the gas per gallon AND a sales tax of 6% based on the sales price. So ironically, the higher the price of gas goes the more money the state collects. No more services, not more gas just higher taxes as the price rises. Morally wrong in my opinion.
Fourth, every dollar increase in the gas means effectively a "tax" for which you get no services, and you can't avoid. Most of us live a distance away from where we work and you must commute to the job. Living close is fine in theory but, to get good housing, with good school systems mean the suburbs not the city, at least here.
Fifth, it seems to me that the president is purposely using his influence to keep prices high. You may not agree, but if you do feel that way how can you not be angry that the president is effectively manipulating prices or stealing from you? He is "green" at the cost of consumers.
Small cars are fine if you like them, but let's face it a smaller car (everything else being equal) is not as safe. So when a politician says drive a smaller it paradoxily means he wants more us to die. Sounds callus, but politicians are, and I'd rather my son be in a 2 ton car than the "Smartcar" deathtrap should an accident happen.
Peak oil is happening in the sense that we are running out of oil long term, but rationally it has nothing to do with the current prices of gas which is driven by the speculative trade.