$5 Gas in 2012?

[joshh]

It's really not even worth discussing it with you..

Of course not. The economy isn't doing well and fuel prices are abnormally high. But it definitely has *nothing* to do with who the most powerful man in the world is.

[BraveUlysses]

It's really not even worth discussing it with you..

nothing is, i'm surprised you even bother.

[nando]

It's really not even worth discussing it with you..

[joshh]

uhm. yes? isn't that obvious?

the economy overheated. oil prices spiked. the economy tanked. oil prices plummeted. the economy started to gain steam. oil prices rose again. the economy's growth is slowing - oil prices are flat.

it pretty much has zero to do with whoever is president. Unless you're Carter and you enact price restrictions. :p

Regardless if they are unusually high in a bad economy? This economy has never gained steam over the past 2 years. It's been at a crawl and has been for over two years.

It does matter who is President. Oil companies are absolutely going to take advantage of a President who wants energy prices to "necessarily skyrocket" so he can implement more green energy. Just not directly. 16 months of gas over 3.11 and still going. Even the evil Bush didn't do that. He had a spike which lasted 8 months.

[Kershaw]

are you claiming that oil prices dont trend?

[nando]

uhm. yes? isn't that obvious?

the economy overheated. oil prices spiked. the economy tanked. oil prices plummeted. the economy started to gain steam. oil prices rose again. the economy's growth is slowing - oil prices are flat.

it pretty much has zero to do with whoever is president. Unless you're Carter and you enact price restrictions. :p

[joshh]

you mean when the world economy hit a total standstill, we were losing 500,000+ jobs a month and oil droped by more than half in 6 months? Why is that surprising?

are you trying to say that Obama purposely made oil $4 a gallon? because that's pretty damn funny.

So now your claiming oil prices trend with the rest of the US economy?

[Kershaw]

you are a toaster and i like the rain.

[BraveUlysses]

Non sequiturs are fun

[nando]

you mean when the world economy hit a total standstill, we were losing 500,000+ jobs a month and oil droped by more than half in 6 months? Why is that surprising?

are you trying to say that Obama purposely made oil $4 a gallon? because that's pretty damn funny.

[joshh]

I don't know if I should be confused that this post makes no
point and zero sense, or to be shocked you know that 2012-2009 is = 3. That's difficult math for someone like you.

The answer is $1.84. Mr. Sleeve is correct. Keep those blinders on buddy.

[rwh11385]

What was the price of fuel here in the states at the beginning on 09? A whopping three years ago.

I don't know if I should be confused that this post makes no
point and zero sense, or to be shocked you know that 2012-2009 is = 3. That's difficult math for someone like you.

[joshh]

But there are two huge problems:

1) You can't complain about the economy and gas prices at the same time, like joshh does. A growing economy = more people in the world who can afford to drive (or eat more protein), and thus ups the demand, and hence price. (Unless, of course, you're supporting alternative sources / efficiency - then you can grow the economy without bloating oil demand, but Catch-22 is that most people don't invest in that without high prices)

2) $2.75 gas at the pump is correlated with an oil barrel price that is unprofitable to fuss with oil sands. (basically, Newt was full of shit)
[edit: Yes - similar numbers as you replied with - some say as high as $70 needed to make oil sands worth it, but also read $65... and looking at historic $2.77 ~= $63/barrel]

What was the price of fuel here in the states at the beginning on 09? A whopping three years ago.

[joshh]

buck sixty NO, less than 2.75 yeah very doable

He's too busy arguing things people are not saying.

Agreed, and it will drop again. Just not as low as 1.60 of course. Maybe when we have a President that actually wants us to have cheap energy again.

[mrsleeve]

Oil sands are profitable at the 65ish a barrel mark (IIRC). As are most shale plays. 65 a barrel should put fuel in the 2.50-2.60 or less a gallon range again IIRC.

We have lots of drilling going on here, ON PRIVATE land. The feds are refusing to lease, in many of the newer prime plays in this country (an buying up and decreeing protected vast swaths of them as fast as they can), including the defacto ban on new drilling in the Gulf, again by refusing to sell new leases, also dont forget the bans on east and west coasts. We can increase our own production in this country by a ton yet, if the feds would get outta the way. (You know this) This would help with both of our main issues right now, lack of good paying jobs for those outta work, and record high energy prices.