March 29th, 2012
11:10 AM ET
3 years ago

CNN/ORC Poll – March 24-25 – Gas Prices, Oil Companies

TOPICS: Gasoline prices, most important economic problem, blame oil companies, Obama administration, GOP in Congress for gas prices

Full results (pdf)


Filed under: CNN Poll Archive • Extra
soundoff (16 Responses)
  1. Wire Palladin, S. F.

    Big oil makes profits over $100 billion each year. Will there be a point when they say they are satisfied, and stop the price gouging?

    March 29, 2012 11:14 am at 11:14 am |
  2. Keeping it Real

    Wire Palladin, S. F.

    Big oil makes profits over $100 billion each year. Will there be a point when they say they are satisfied, and stop the price gouging?

    --

    Misleading for certain. No single gas company made over $100 billion. Exxon, according to Fortune 500, made $30 billion and Chevron at $19 billion. But what about AT&T, Microsoft, JP Morgan, Wal-Mart, ABM and Apple? Why do you not rage against those profits? Or does that not fit your agenda?

    March 29, 2012 11:37 am at 11:37 am |
  3. Four and The Door

    Wire Palladin, S. F.
    Big oil makes profits over $100 billion each year. Will there be a point when they say they are satisfied, and stop the price gouging?
    _________________________________________________________________________________________________
    Price gouging?!? What's that? Seriously. If you have some idea about what percent of sales profit needs to be, please tell us what that is and how you arrived at that number. Is it 15%, 30%, 80%? Do software companies price gouge when they get 75% profit margins?

    My point is that the price of gas is what it is because it is worth every penny. But if you think gas costs way too much, maybe it's the value of the dollar that is too low. Ever think about that? And who's to blame for that? How about the Fed keeping interest rates ridiculously low in attempts to recover the housing and jobs markets? The trade-off for that in one respect is a devalueing of the dollar. The money you make buys less.

    March 29, 2012 11:38 am at 11:38 am |
  4. Dale

    OIL companies and gas prices watch what the world OIL speculators and BIG OIL investors are doing, OIL speculators and investors have the OIL futures RIGGED to their advantage.

    March 29, 2012 11:40 am at 11:40 am |
  5. geg

    if oil prices go over 2.50 a gallon no exporting, the more they export the higher the prices,oil drilled in north america should stay in america–make it a law

    March 29, 2012 11:40 am at 11:40 am |
  6. mb

    If the GOP is so against ending their subisdies that they don't need, and we are subsiding the the oil that they export why don't they change the program to only subisdize gas that's sold here in the US. That way the american people who are subisdizing the oil industry gets the rewards of the deductions their getting and not foreign countries.

    March 29, 2012 11:43 am at 11:43 am |
  7. John

    Polls; what a waste of time; energy and the economy are going to drive the 2012 election.

    Permits for drilling down 37% under the Obama administration, just another reason the price of gasoline has increased of 50 % since 2008; 83% since Obama took office.
    Obama says we can’t produce more energy from oil, but we can waste 4 billion in tax payer dollars on “Green energy programs”. How much of this money is being bundled and sent back to the Obama campaign? The American people are going to blame Obama and the Democratic Party in Congress for this mess.

    On a completely different subject; President Obamas 2013 budget, submitted in February 2012, was voted down 414-0 in the House, not one Democrat voted for the Obama budget, another failure and embarrassment for the president.

    March 29, 2012 11:49 am at 11:49 am |
  8. GI Joe

    Fire all the baggers - taxed too much? get rid of them – they think if we cut subsidies it is a tax increase (Norquist rules the baggers and a lot of oyher).

    March 29, 2012 11:50 am at 11:50 am |
  9. Fair is Fair

    "Big oil makes profits over $100 billion each year. Will there be a point when they say they are satisfied, and stop the price gouging?"
    --------
    Unlike other goods, the price of commodities is set by the market, Wire. The price of gold has doubled since Obama took office.... who's "gouging" on that? The price of corn had nearly tripled... who's "gouging" on that? But oil... oh yeah, oil... THATS different. It's your convenient boogie man.

    March 29, 2012 11:51 am at 11:51 am |
  10. MeMelvin

    Obama already knows that in the general election he will lose Texas, Louisiana, Oklahoma, Mississippi and Alabama because they are states whose economies center around oil. So, he loses nothing he already had in the way of Electoral College votes.

    Many voters in non-oil centered states view the tax breaks as unfair and would like to see them repealed.

    Now, I work in the oil industry in Texas and selfishly have sympathies toward maintaining the tax breaks.

    But I have to tell you, Obama’s election year politics at this point in time are BRILLANT! Don’t hate the man, hate the game!

    The GOP is going to have a hard time convincing the voters in non-oil centered states that the tax breaks should continue.

    March 29, 2012 11:52 am at 11:52 am |
  11. Wire Palladin, S. F.

    Lady Fair – The 5 biggest oil companies had profits of well over $100 billion in 2011. In 2007, the big 5 had $123 billion in profits and received $32.9 billion in tax breaks. As for gold, that does not affect every one, nor get tax subsidies. I am not sure if corn gets government subsidies. Think about what you post.

    March 29, 2012 12:03 pm at 12:03 pm |
  12. 2012liberal

    @keeping it real. We dont subsidize att etc. And we r outraged at jpmorgan. Get a clue!

    March 29, 2012 12:05 pm at 12:05 pm |
  13. Wire Palladin, S. F.

    John – The house voted down an alternative to Obama's budget 414-0. It was a republican proposal introduced by a right wingnut from South Carolina, to embarrass the president.

    March 29, 2012 12:12 pm at 12:12 pm |
  14. Rudy NYC

    John wrote:

    On a completely different subject; President Obamas 2013 budget, submitted in February 2012, was voted down 414-0 in the House, not one Democrat voted for the Obama budget, another failure and embarrassment for the president.
    ---------------
    It was a political stunt by the Republicans. They are the ones who draft the bills brought to the floor for a vote. They introduced a bill for spending a foxed amount of dollars, but the bill failed to say how much would be spent where. Of course, everyone voted against it. They had to.

    March 29, 2012 12:37 pm at 12:37 pm |
  15. John

    Wire Palladin, S. F. – So it’s a republican proposal introduced by a right; you would think the Democrats would vote for the budget so the president would not be embarrassed, but his own party would not stand up for him.

    March 29, 2012 12:42 pm at 12:42 pm |
  16. Rudy NYC

    John wrote:

    Wire Palladin, S. F. – So it’s a republican proposal introduced by a right; you would think the Democrats would vote for the budget so the president would not be embarrassed, but his own party would not stand up for him.
    ----------
    It was pure political theater. Now the right wing has yet another manufactured, false talking point to complain about.

    March 29, 2012 12:55 pm at 12:55 pm |