Just the Facts, Ma'am: A Compendium of Liberal Fiction Message Board

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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: American Spirit who wrote (31392)	3/30/2005 12:54:46 PM
From: Oeconomicus	Read Replies (1) of 90947

"Energy prices have roughly doubled since Bush-Cheney were nominated..." LOL. Do you ever get anything right? The price of a gallon of gasoline was the same when Bush was nominated as when he was inaugurated - $1.47. In fact, that price was down from the Clintonian peak of $1.68 just a month before the 2000 GOP convention. If we measure from there (after all, Bush had the nomination by then, for all practical purposes), gas is up only 28%. Hmm, looks more like "roughly flat" than "roughly doubled." Want to talk about other measures of "energy prices"? Let's see, what else impacts consumers directly? Natural gas? OK. Wellhead prices of natural gas were 6.82 cents/mcf when Bush took office. As of February, we're down to 5.59 cents/mcf. Electricity? OK. Residential electricity prices were 7.78 cents/kwh when Bush took office. Year end '04 (latest number at DOE) had us at 8.96 cents/kwh. So, let's see... gasoline is up 46% (or 28%), natural gas is down 18% and electricity is up 15%. Mixed bag, but no doubles. If you're seeing double, perhaps you over did the meds this morning.

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