Presidential candidate Bachmann promises gas under $2.00/gallon if elected

Sebastian Blanco — Wed, 17 Aug 2011 17:30:00 EST

Filed under: Etc.

How's this for bold? Congresswoman Michell Bachmann, a candidate for the Republican presidential nomination who won the Ames Straw Poll last weekend, has just stated that one thing we'd get with a Bachmann Administration is - ready? - cheap gasoline. According to Politico she said:

The day that the president became president, gasoline was $1.79 a gallon. Look at what it is today. Under President Bachmann, you will see gasoline come down below $2 a gallon again. That will happen.

Today, said the average price for a gallon of gas is $3.58 per gallon, says the American Automobile Association.

The devil, of course, is in the details, and Bachmann did not explain how she would get the price of fuel down. She's a supporter of drilling in Alaska's Arctic National Wildlife Refuge, but doesn't seem to actually understand how much oil experts think is there. Then there's the fact that opening up ANWR wouldn't reduce prices as the pump quite that quickly (if at all). In 2008, the Energy Information Administration said (PDF):

Additional oil production resulting from the opening of ANWR would be only a small portion of total world oil production, and would likely be offset in part by somewhat lower production outside the United States. The opening of ANWR is projected to have its largest oil price reduction impacts as follows: a reduction in low-sulfur, light crude oil prices of $0.41 per barrel (2006 dollars) in 2026 for the low oil resource case, $0.75 per barrel in 2025 for the mean oil resource case, and $1.44 per barrel in 2027 for the high oil resource case, relative to the reference case.

Oh, and then there's this. Still, a return to $2.00/gallon probably sounds good to some voters, right?

Regardless of where you sit on this issue, you can check out Bachmann delivering her gas price pledge in a brief video after the jump.

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Presidential candidate Bachmann promises gas under $2.00/gallon if elected originally appeared on Autoblog on Wed, 17 Aug 2011 17:30:00 EST. Please see our terms for use of feeds.

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Poll: Auto execs favor McCain by 70%

Noah Joseph — Wed, 02 Apr 2008 08:29:00 EST

Filed under: Government/Legal

As part of the 2008 Global Automotive Survey, the automotive division of law firm Dykema Gossett PLLC surveyed 46 leading automotive executives in America on their opinions regarding the upcoming presidential race and the forecast for the U.S. automotive industry. The picture that the respondents painted in their responses was anything but bright.

Regarding the three leading presidential candidates, 70% favored Republican Senator John McCain. However, the survey indicated that the favor was due less to McCain's record regarding the automobile industry and more in juxtaposition to those of rival Democratic candidates Senators Hilary Clinton and Barack Obama, the latter garnering the most opposition with 57% of respondents viewing an Obama administration as having a potentially negative impact on the industry. The survey also addressed the executives' attitudes towards the future of the carmaking industry in America, in which not a single respondent conveyed a positive outlook, while 87% projected a negative outlook with the remaining 13% responding neutrally.

[Source: The Detroit News, Photo by Bryan Mitchell/Getty]

Poll: Auto execs favor McCain by 70% originally appeared on Autoblog on Wed, 02 Apr 2008 08:29:00 EST. Please see our terms for use of feeds.

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