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As the following two clips highlight, I think this could be Obama's gas tax holiday moment: as in the primary, he needs to repeatedly hit McCain and the GOP hard for their gimmickry and ignorance.

Like the gas tax holiday, deriding the filling of tires at first blush sounds good, but once you start thinking about it (or hear Barack talk about it), you realize you're being played. And just as the gas tax pander failed with voters during the primary (data here), this will too if it's continued to be handled the right way.

Here's a clip of McCain again making fun of Obama's suggestion to keep our tires inflated (previous posts here and here):

And here's the expanded version of Obama's response shown at the end of previous clip. It's a great counter to McCain's stupidity.

So what do you think?  Is this Obama's gas tax holiday moment?  Will it help him turn the momentum back to Barack right before politics goes on an Olympic holiday?

Originally posted to kloris on Wed Aug 06, 2008 at 09:53 AM PDT.

Poll

Is this Obama's gas tax holiday moment?

68%22 votes
15%5 votes
15%5 votes

| 32 votes | Vote | Results

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Comment Preferences

  •  tip jar (2+ / 0-)
    Recommended by:
    obscuresportsquarterly, busrider

    read my blog: http://www.ablueview.com

    by kloris on Wed Aug 06, 2008 at 09:54:12 AM PDT

    •  I would respectfully disagree (0+ / 0-)

      Why Obama shined during the primary season was, in part, because he stayed strong on principle and didn't pander by also accepting the ill-advised gas tax holiday policy that was promoted by McCain and Hillary.

      Unfortunately, Obama's Gas Tax Holiday moment came when he proposed his own "short term solutions" in his energy plan.  His idea to create the windfall tax on companies with profit margins of roughly 10 percent to provide checks to Americans is actually worse than the Gas Tax Holiday.  Releasing oil from the SPR for tactical political gain is not the reason why the STRATEGIC Petroleum Reserve was created.  And the crack down on Speculators was a pander to conspiracy leftists although it is relatively benign and harmless.

      With that said, politicians don't have much in their power to affect basic supply and demand in the short run and Obama almost had to include "short term solutions" in his energy plan in order to seem responsive to the current high prices.  So you can't be too hard on him but I just wish he had continued to stick to principle.

      BTW, most of the rest of his energy plan was right on target and I hope it gets enacted.

      We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

      by theotherside on Wed Aug 06, 2008 at 10:23:00 AM PDT

      [ Parent ]

      •  In 1990, Congress authorized the President ... (0+ / 0-)

        ...under the original legislation to release SPR crude because of price rises. Supply interruptions were no longer necessary.

        I am an anti-imperialist. I am opposed to having the eagle put its talons on any other land. -- Mark Twain

        by Meteor Blades on Wed Aug 06, 2008 at 10:48:47 AM PDT

        [ Parent ]

        •  Hey Meteor (1+ / 0-)
          Recommended by:
          Meteor Blades

          Sure, but just because you can do something doesn't mean that you should.  I'm a little surprised that you would give even partial support for his "short term solutions".  

          I'm sure that you support his mid to long term solutions but if one thing needs to be crystal clear to the American people it is that the era of low energy prices is/should be over.  We need to start preparing accordingly and this short term pandering is counter-productive to the long term solutions and it sends mixed messages to the average american.  I do understand it may be good politics (and he is trying to win an election) but proposing short sighted solutions that only excerbate the problem is not the change I want nor the change I believe in.  In fact, it smacks of the same old political BS that I and many others desperately want to see come to an end (or at least lessen).

          We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

          by theotherside on Wed Aug 06, 2008 at 11:23:06 AM PDT

          [ Parent ]

          •  I'm agnostic on the SPR, but I think one ... (0+ / 0-)

            ...immediate thing that should be done is have  means-tested rebate/credit/coupon system for people who heat with oil.

            I am an anti-imperialist. I am opposed to having the eagle put its talons on any other land. -- Mark Twain

            by Meteor Blades on Wed Aug 06, 2008 at 09:06:36 PM PDT

            [ Parent ]

  •  I wish Obama would talk more about: (0+ / 0-)

    Real issues, such as:

    The crappy economy
    The reason gas is really high. The mess Bush made in the Middle East.
    The crappy economy.
    The housing market crash.
    The crappy economy
    How are the poor going to afford oil this winter.
    The crappy economy.

    Just a few important issues that Obama should be focused on instead of defending himself against some feckless charges coming from the McIdiot camp.

    •  I think your 7th issue is one that should ... (0+ / 0-)

      ...get some attention immediately (because it's the right thing to do, and secondarily because it would help politically). Subsidized prices for heating oil would be a good thing all around.

      I am an anti-imperialist. I am opposed to having the eagle put its talons on any other land. -- Mark Twain

      by Meteor Blades on Wed Aug 06, 2008 at 10:51:50 AM PDT

      [ Parent ]

  •  Unfortunately, McCain has already defused... (0+ / 0-)

    This, but has opened himself up to flip-flopping.  He can have one or the other.  It's a good idea though.  And it looks like our man Obama has gotten over his jetlag and is ready to lead the country towards a new administration again.

    Nothing is more powerful than an idea whose time has come -- Victor Hugo

    by BasharH on Wed Aug 06, 2008 at 10:05:56 AM PDT

  •  There's a really good ad/statement lurking here (0+ / 0-)

    Last week when an individual asked me what he could do to help his energy costs,  I told him inflating his tires and keeping his car in tune would help.

    John McCain mocked that, despite it being the truth.

    However, John McCain advocates a gas tax holiday as part of his solution to the energy problem, even though he admits that the benefits would be "psychological".

    That's the kind of maverick John McCain is today- advocating a policy with "psychological benefits" while criticizing one that every reputable expert says would help in a meaningful way.

    •  i believe that McCain (0+ / 0-)

      mocked the claim that it could save the amount of oil we could get by drilling on the OCS.

      Which is a mockable claim

      Even a blind nut find a squirrel sometimes

      by buzzsaw on Wed Aug 06, 2008 at 10:31:17 AM PDT

      [ Parent ]

      •  You're saying McCain mockery is a mockable ... (0+ / 0-)

        ...claim?

        I am an anti-imperialist. I am opposed to having the eagle put its talons on any other land. -- Mark Twain

        by Meteor Blades on Wed Aug 06, 2008 at 10:50:08 AM PDT

        [ Parent ]

        •  not that i'm aware of (0+ / 0-)

          Obama's claim was mockable, and McCain has done so

          Even a blind nut find a squirrel sometimes

          by buzzsaw on Wed Aug 06, 2008 at 11:12:56 AM PDT

          [ Parent ]

          •  You're wrong ... (0+ / 0-)

            The Energy Information Agency (EIA) projects that Senator McCain's proposal would have no impact in the near-term since it will be close to a decade before the first oil can be extracted from the currently protected offshore areas.

            The EIA projects that production will reach 200,000 barrels a day (0.2 percent of projected world production) at peak production in close to twenty years. It describes this amount as too small to have any significant effect on oil prices.

            Keeping tires properly inflated can save 3% of gasoline use.

            If you go through all the calculations of U.S. use of oil (about 22% of world supply), and how much of that is converted to gasoline each year, you'll find that tire inflation equates to about 1.5 times as good a result as OCS drilling.

            I am an anti-imperialist. I am opposed to having the eagle put its talons on any other land. -- Mark Twain

            by Meteor Blades on Wed Aug 06, 2008 at 11:25:14 AM PDT

            [ Parent ]

            •  checking the math (0+ / 0-)

              http://www.eia.doe.gov/...

              Mean estimates from the MMS indicate that technically recoverable resources currently off limits in the lower 48 OCS total 18 billion barrels of crude oil and 77 trillion cubic feet of natural gas (Table 10).

              At 200,000 barrels/day peak production, 18 billion barrels would take 246 years to extract. Since peak is temporary, it's a lot more than 246 years.

              So it appears that they think most of the technically recoverable oil won't be recovered.

              And the reason is...

              Although a significant volume of undiscovered, technically recoverable oil and natural gas resources is added in the OCS access case, conversion of those resources to production would require both time and money. In addition, the average field size in the Pacific and Atlantic regions tends to be smaller than the average in the Gulf of Mexico, implying that a significant portion of the additional resource would not be economically attractive to develop at the reference case prices.

              but when one looks at the reference case prices (the assumed future cost of crude)  in figure 10 of the report...

              http://www.eia.doe.gov/...

              they assume the price of a barrel peaked in 2006 and then drops to $50 a barrel by ~2013 and increases to around $60 a barrell by 2030. Their hi-price scenario only has oil reaching $100 a barrel by 2030

              Obviously those projectins aren't looking too good right now.

              As price increases, the amount of recoverable oil increases too. That means the peak oil numbers could go up ten or twentyfold.

              So that report ain't any help in proving Obama's point since the underlying price assumptions are now crap.

              Even a blind nut find a squirrel sometimes

              by buzzsaw on Wed Aug 06, 2008 at 01:43:06 PM PDT

              [ Parent ]

              •  "...the peak oil numbers could go up ten or ... (0+ / 0-)

                ...twentyfold." Could you source that, please?

                I am an anti-imperialist. I am opposed to having the eagle put its talons on any other land. -- Mark Twain

                by Meteor Blades on Wed Aug 06, 2008 at 01:47:44 PM PDT

                [ Parent ]

                •  can't do it (0+ / 0-)

                  just a guess on my part. That's why i choose the weak word 'could' to indicate a possibility.

                  But clearly the 246 year calculation shows that only a fraction of the 18B barrels of oil is considered recoverable at the reference prices.

                  At 200,000 barrels a day, that's 73 million barrels a year or 730 million barrels over 10 years (4% of the 18B getting recovered.)

                  If $130 a barrel oil makes 40% of the oil recoverable (out of my ass hypothetical) that's a 10 fold incease in production. No idea how it would relate to the peak production.

                  I saw it estimated that proper tire pressure could save ~90 million barrels per year so the OCS is close to that...assuming oil prices 50% below today for the next 20 years.

                  Doesn't seem likely.

                  Even a blind nut find a squirrel sometimes

                  by buzzsaw on Wed Aug 06, 2008 at 02:16:33 PM PDT

                  [ Parent ]

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