Gas prices and Dem Promises...

[aft_lizard01]

Originally Posted by 88-31-10

Oh I wouldn't say I ignore the explanations Lizzy. I may disagree with them, but I don't ignore them. I really do enjoy seeing the different responses given though. They really run the gamut.



This is the most common explanation given and the one I find the hardest to believe. If the demand is greater than the supply, somewhere, somebody can't buy oil. I don't believe that to be the case. I think you can buy all the oil you want. Provided you have the money to do so.




This statement here comes the closet to the real reason we're getting raped. Market speculators are using the percieved supply and demand horseshit story to run prices through the roof and get rich doing so.

Same thing happened with electricity in California in 2000. First the markets were deregulated. Then the citizens were told how the increase in computers and servers had created a huge demand for electric power. Electricity was in short supply. Rolling blackouts followed. Prices skyrocketed to levels never seen before or since. $2000.00+ per megawatt/hour. Turned out to be market manipulation. Me thinks the same thing is going on with oil.





Not sure of the mechanisms/effects of weak dollars on oil price. Did read a blurb about investors putting dollars in oil commodities to protect them against a weakening dollar. Not sure if that leads to a 33% increase though



Who has the most to gain from the higher prices? Follow the money.......

OK let me reword the part about China and India. You see there is only so much supply left in the world, Saudi Arabia is now tapping into its well of last resort which extremely expensive to tap just to maintain its output, Mexicos output is down 7.3% because of dwindling supply, Russia's output is down because of dwindling supply, it goes on and on like that. Couple this with insane policies limiting the US from extracting oil off its shore or in anwr or even accessing our own coal in parts of the US. Now couple all of that with two humongous countries with an immensely growing double digit appetite for fossil fuels and you have high fuel prices.

[Army_of_One]

Originally Posted by aft_lizard01

Couple this with insane policies limiting the US from extracting oil off its shore or in anwr or even accessing our own coal in parts of the US.

Where do those insane policies come from?

[88-31-10]

Originally Posted by Army_of_One

Where do those insane policies come from?

Congress?

[banyon]

Originally Posted by Army_of_One

...and who is to blame for your $10 a gallon gas? How much of that is taxes to pay for your countries socialist spending programs.

Don't worry...if a Democrat gets in power here it will be the same...everything will be taxed to death to pay for their billions in social programs.

It still doesn't hit them as bad:

[88-31-10]

Originally Posted by aft_lizard01

OK let me reword the part about China and India. You see there is only so much supply left in the world, Saudi Arabia is now tapping into its well of last resort which extremely expensive to tap just to maintain its output, Mexicos output is down 7.3% because of dwindling supply, Russia's output is down because of dwindling supply, it goes on and on like that. Couple this with insane policies limiting the US from extracting oil off its shore or in anwr or even accessing our own coal in parts of the US. Now couple all of that with two humongous countries with an immensely growing double digit appetite for fossil fuels and you have high fuel prices.

There's plenty of oil Lizzie, if not, you couldn't get it.
Kinda like a Wii at Christmas. Couldn't get one. Out. Empty shelves.
Not so with oil. Plenty to be had.

[banyon]

Originally Posted by 88-31-10

There's plenty of oil Lizzie, if not, you couldn't get it.
Kinda like a Wii at Christmas. Couldn't get one. Out. Empty shelves.
Not so with oil. Plenty to be had.

Oil Company apologists usually bemoan the lack of refining capacity. Then again, they're not really in a hurry to build any more really fast either.

[88-31-10]

Originally Posted by banyon

Oil Company apologists usually bemoan the lack of refining capacity. Then again, they're not really in a hurry to build any more really fast either.

Very true. What isn't told when you hear how the enviornmentalists won't let us build refinerires is how much capacity is added each year to existing refineries. Hundereds of thousand of barrels of capacity.

I also fail to see the link between refining capacity and the price of oil. I see the link between refining and gas prices, but not to the price of oil.

[ksgrainman]

Ethanol

[88-31-10]

Originally Posted by ksgrainman

Ethanol

Made from sugar cane, yes.
Made from corn, no.

[Bubba]

Originally Posted by Army_of_One

...and who is to blame for your $10 a gallon gas? How much of that is taxes to pay for your countries socialist spending programs.

Don't worry...if a Democrat gets in power here it will be the same...everything will be taxed to death to pay for their billions in social programs.

Don't forget the $500+ billion that the war in Iraq(where we shouldn't even be!) is costing us...

National Priorities Project | Bringing the Federal Budget Home