"I Don't Bluff" comment $6.50 a gallon here we come

[M-technik-3]

screw it lets go for $7.00.

[herbivor]

Almost any energy/ economy expert will tell you no President has any effect on fuel prices in the short term. It takes decades for any policy to have any effect and usually the contributing effect would be relatively small compared to normal market forces.

If you don't like gas prices, don't buy gas. The price will drop considerably

[ck_taft325is]

Originally Posted by herbivor

Almost any energy/ economy expert will tell you no President has any effect on fuel prices in the short term. It takes decades for any policy to have any effect and usually the contributing effect would be relatively small compared to normal market forces.

If you don't like gas prices, don't buy gas. The price will drop considerably

lolololol.


Hypocrisy must just be inherent in pot.

[Cliche Guevara]

He can't win, can he? Conservatives tell him he needs to be harder on Iran. He gets harder and, as a part of the international boycott on Iranian oil, the price of gas goes up a bit. Now conservatives rail him because gas is more expensive.

[Kershaw]

it goes like this:


let me know if i need to rehost it.

[rwh11385]

Greg, why just throw out a random number? What not $20? Or $5? Or $4.75? You always do this, yet according to the freakout when we crossed the psychological $4-line, I'd be hesitant to assume it'd trend the same to $7, or double current the gas price. (Doubling from three years ago is VERY different from nearly doubling from four years ago - we're still below the 2008 peak pricing and simply have recovered like the stock market)

Originally Posted by herbivor

Almost any energy/ economy expert will tell you no President has any effect on fuel prices in the short term. It takes decades for any policy to have any effect and usually the contributing effect would be relatively small compared to normal market forces.

If you don't like gas prices, don't buy gas. The price will drop considerably

Yup to the first part. The worst irony is all the "free market" conservatives pissed off that gas is expensive although it's a function of market dynamics. Why should the President intervene to make gas prices artificially lower? If he did so, that would be socialist like they do in China. #hypocrites

Or buy a Volt. "idea whose time has not come" ... maybe not at $3, but as it inches back up to $4, maybe $4.50, it will be come a more and more attractive option.

Although, no matter how little oil we buy, China is gonna buy a shit-ton of it. And as long as the average American dumps money on unneeded cheap "stuff" at Walmart and moneys go to the Chinese economy, more and more development will take place there and a larger demand for oil will result.

[M-technik-3]

I for one don't want to see another war in the this part of the world. Hard line or not guess what Iran is gonna make a Nuke no matter what we say, Because they don't care so.

I for one don't think our economy can stomach much higher prices gas at my local station has jumped to 3.85 for regular. it's 4.05 for 93 octane this is up 10 cents in one day. Yeah. Oh diesel is 4.28 so am I freaking not really but I think saber rattling got us oh no where with good old North Korea so Iran gonna just build a few because they can.

Then what, roll the tanks...They are a country with a government so it really doesn't matter if we say they can not build a Nuke. We have gone backwards with this country on diplomacy. Heck 4 years ago I landed over there for so UN earthquake relief mission. Was kinda cool since not to many of us can say hey I have been to Iran.

[z31maniac]

Or are we letting the world run itself dry before we tap our own reserves?

[mrsleeve]

Well the lack of new production in the gulf in years thanks to the defacto drilling ban is really not helping things one little bit and that is 100% on Obama and his administration

[mar1t1me]

Originally Posted by z31maniac

Or are we letting the world run itself dry before we tap our own reserves?

I thought ours was a problem of refinery capacity. But then I read this:

http://money.cnn.com/2011/12/05/news...port/index.htm

The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it.

So,if other countries are willing to pay more, we will not see lower prices here, regardless of the amount of crude available for refinement.Am I missing something?

[Vedubin01]

just keep printing money and the price will continue to rise....


I think when Bush left office it was at $1.83 per gal.... oh the days!

[gwb72tii]

Originally Posted by Vedubin01

just keep printing money and the price will continue to rise....


I think when Bush left office it was at $1.83 per gal.... oh the days!

this right here is why oil is up

but obama is contributing with executive orders and policies that have curtailed production and exploration here.

[rwh11385]

Originally Posted by mar1t1me

I thought ours was a problem of refinery capacity. But then I read this:

http://money.cnn.com/2011/12/05/news...port/index.htm

The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it.

So,if other countries are willing to pay more, we will not see lower prices here, regardless of the amount of crude available for refinement.Am I missing something?

Nope. I understand the confusion between what you read from facts and how they contradict the opinions of people like Vdub, but that's just because he isn't informed and simply repeated misinformed and ignorant rhetoric.

[M-technik-3]

e have shut down numerous refineries over the last 7 years or so with no replacements on horizon. Demand is down we know that..This really wasn't meant to be a gas issue thread more about the thought of more war in the middle east IF Iran says screw you we're building this bomb.

[rwh11385]

Originally Posted by Vedubin01

just keep printing money and the price will continue to rise....


I think when Bush left office it was at $1.83 per gal.... oh the days!

Yes... this "printing money" you speak of...

2009 inflation: -0.34%
2010 inflation: 1.64%
2011 inflation: 3.16%

Inflation (or dollar being worth less doesn't explain the change in oil price)

http://www.economist.com/blogs/daily...nd-consumption

global oil production has struggled to keep up with increased demand recently, particularly from Asia. In China alone consumption has risen by over 4m barrels per day in the past decade, accounting for two-fifths of the global rise. In 2010 consumption exceeded production by over 5m barrels per day for the first year ever, as world oil stocks were run down.

Gas was over $4 in 2008, and the only reason it went down to where it was, just coincidence to be so low when Obama took office, thanks to the global recession temporarily decreasing demand for oil as income was down. The climb since then has been recovery in demand and growth in Asian demand.

Blaming Obama for rising gas prices is like saying the rise in the stock market 40% was due to him. #Simpleton