Skip to main content

View Diary: Obama Nightly News: A Haven for the Hopeful (51 comments)

Comment Preferences

  •  The bad news is Obama may well lose CA and NV (1+ / 0-)
    Recommended by:
    2thanks

    Obama may well lose CA and NV because he's not doing anything (releasing the reserves, launching an investigation into the cause of the power outage and whether there was manipulation involved) about our gas fiasco. I mean he's in LA for God's sake. He can announce a release of the oil reserves targeted towards west coast refineries and an investigation tomorrow, and should. If he doesn't do that, he risks turning into Gray Davis. CA can and has voted for Republicans during energy crises.

    The good news is he can win without CA and NV (they're both suffering from the gas fiasco as most of Nevada imports 100% of its gas from CA refiners). But then he has absolutely zero margin for error. Lose even one state in his column at the moment, and it's President Romney. (Obama would be at 272 carrying all the swing states but North Carolina and not carrying Nevada or California).

    It's a big deal. He has to do something. Tomorrow morning. Before the markets open.

    •  Not true. It's a refinery problem and a state (4+ / 0-)

      problem, not a federal problem. And President Obama is not going to lose California.

      Here is a good DKos diary explaining the problem, worth the read for anyone who doesn't understand California's high gas prices.

      Releasing oil reserves wouldn't help.

      The sh*t those people [republicans] say just makes me weep for humanity! - Woody Harrelson

      by SoCalSal on Sun Oct 07, 2012 at 09:06:48 PM PDT

      [ Parent ]

      •   I completely disagree; the reserved would help (1+ / 0-)
        Recommended by:
        2thanks

        The refiners aren't at their full capacity because they're betting on the price of gas going down. If you did a targeted release at the west coast, they'd produce more now because the price of oil would be expected to go up in the medium term, so they'd make money off the lower prices now and building stock piles. That brings the per gallon price down.

        I am not convinced this was a state problem. JPMorgan got busted playing Enron electricity games earlier this year. Do we know who or what caused the power outage? So if somebody can cause random blackouts that spike the price of energy, can they not target a refinery to drive the price of CA gasoline futures, which they hold a ton of, through the roof? They can. And if the Wall Streeters think they can get away with it, they'd do it.

        This is a total fiasco. I really do think the President needs to do something and act before allowing Romney to grandstand.

        1. Release the reserves.
        2. AG investigation.

        •  then we'll just completely disagree. ;) (2+ / 0-)
          Recommended by:
          2thanks, nomandates

          The sh*t those people [republicans] say just makes me weep for humanity! - Woody Harrelson

          by SoCalSal on Sun Oct 07, 2012 at 10:46:26 PM PDT

          [ Parent ]

        •  dear The Bagof Health and Politics, (2+ / 0-)
          Recommended by:
          SoCalSal, nomandates

          I read the diary SoCalSal linked. What did you think? ... looking forward to you comments.

          As I recall, there was a bad fire at the Richmond or Oakland refinery, and California uses a special blend of gasoline that makes shipping across state lines impossible. That diary was very good. I had my suspicions too, with that dramatic price increase.  



          Michigan Supreme Court: Democrats nominated 3 women
          Before you give your ballot back,
          Vote Johnson, Kelley, and McCormack.

          by 2thanks on Sun Oct 07, 2012 at 10:50:22 PM PDT

          [ Parent ]

        •  Try this LA Times article (1+ / 0-)
          Recommended by:
          nomandates

          The sh*t those people [republicans] say just makes me weep for humanity! - Woody Harrelson

          by SoCalSal on Sun Oct 07, 2012 at 10:59:46 PM PDT

          [ Parent ]

          •  thank you, SoCalSal ... I was just thinking gas (2+ / 0-)
            Recommended by:
            SoCalSal, nomandates

            prices in California were a state issue.

            In Michigan when we had price gouging, Jennifer Granholm used to go after the crooks. Before she was Governor she was the Attorney General of Michigan.



            Michigan Supreme Court: Democrats nominated 3 women
            Before you give your ballot back,
            Vote Johnson, Kelley, and McCormack.

            by 2thanks on Sun Oct 07, 2012 at 11:04:11 PM PDT

            [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site