Oil is fungible. It is almost certainly non-renewable. Why not let everyone else use up their resources, and keep ours for later? Technology will have improved, extraction methods made safer, and pollution due to spills minimized. Let everyone else rape their land and save ours for the future?
Gas Prices
- Thread starter moreluck
- Start date
Oil production in the in the middle east is very simple. First, to prevent western countries from overproducing, they simply increase the barrels per day output and drive the price down. $70.00 a barrel is where OPEC would like to see OIL stay at. Thats a good profit range for them, it gives americans lower gas prices and it prevents countries from seeking alternatives.
The last thing OPEC wants is for the USA to continue to develope alternative sources of energy.
They also dont want us drilling more than we have too cause that will flood the world market and drive prices down to the 15 dollar a barrel range, and they aint havin it.
Peace
TOS
UPS Lifer
Well-Known Member
Very admirable thought. However, the future will never come. We are already completely dependent on oil. Wars are fought over natural resources. Use our oil, coal and natural gas now, and continue to explore other energy alternatives that will eventually make oil and coal obsolete fuel resources.
We have reserves of natural gas, coal and oil that are the largest in the world. If the Oil Cartel sees that we are expanding production they will have to start dealing with supply and demand and oil prices will fall.
In the mean time keep researching and developing other energy sources.
UPS Lifer
Well-Known Member
I don't disagree with that, but just like the Saudi's who can actually affect the price, if we could do the same, the power base would shift.
We would either be in a price war with them or they would manipulate the world market together. I believe the latter. The US is afterall a net gasoline exporter.
texan
Well-Known Member
I do not doubt it, but it would be good for the VERY few ears to receive it to see a factual report of this.
Not for me, but the naysayers on this forum.
It is so sad the amount of voters that have no clue to where we are heading.....
It seems one last opportunity to have a possible turn around of this mess, or certain destruction of the
US in November 2012 on.
The Right is NOT Perfect, and the past Right was not the best.
We are between possible hope, and Certain Destruction in Nov.
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UPS Lifer
Well-Known Member
Not a big fan of the way you put it but in essence we would not be a victim in either scenario. Example - Americans seem to lack tolerance for prices above $4. I have personally noticed a shift in driving habits in California. When gas prices were to high to bare - there were less big trucks on the road and speed limits hovered around speed limits instead of 5-10 mph over.
Bottom line - we help to control our future not some other country.
soberups
Pees in the brown Koolaid
The Saudis are increasing production in order to stabilize prices and help support the boycott that is being levied by Europe and the USA against their arch enemy---Iran.
UPS Lifer
Well-Known Member
That sounds like a political statement from the Chicago campaign. Kinda like - the attack on the embassy in Libya was not pre-planned and was about the offensive Muslim video. Yeah right!
California gas prices are just another example how the "FREE MARKET" doesnt work with gasoline. The oil companies along with the refiners continue to create their own "calamities" which end up controlling the price of our gasoline here in california.
Always at the begining of each quarter, the oil industry finds a new "calamity" that ends up costing the american consumer more money.
Today, the industry is claiming that while the nations oil market is on the decline, here in california, a small heat wave with temps ranging from 95 degrees to 100 degrees "knocked off line" all the refiners supplying california.
Really?? What about JUNE, JULY, AUGUST when temps were in the 105 range everyday and on some days 99 degrees overnight??? Those refiners never went down during those months, yet in october, a three day heatwave with lesser temps has caused the shutdown of all the refiners.
These scams have got to stop if california is going to recover. There is no legitimate reason for these increases.
GOV Brown is now assembling a task force to investigate the industry, and there is rumblings in Sacramento on price controls on the oil industry.
In my opinion, I say its time for the goverment to take over the refining industry and take the oil companies out of the mix. The continued ripoff of the american consumer has to come to an end one way or the other.
This isnt a case of supply vs demand. Its a case of deliberately limiting supply and price gouging.
Peace
TOS
Always at the begining of each quarter, the oil industry finds a new "calamity" that ends up costing the american consumer more money.
Today, the industry is claiming that while the nations oil market is on the decline, here in california, a small heat wave with temps ranging from 95 degrees to 100 degrees "knocked off line" all the refiners supplying california.
Really?? What about JUNE, JULY, AUGUST when temps were in the 105 range everyday and on some days 99 degrees overnight??? Those refiners never went down during those months, yet in october, a three day heatwave with lesser temps has caused the shutdown of all the refiners.
These scams have got to stop if california is going to recover. There is no legitimate reason for these increases.
GOV Brown is now assembling a task force to investigate the industry, and there is rumblings in Sacramento on price controls on the oil industry.
In my opinion, I say its time for the goverment to take over the refining industry and take the oil companies out of the mix. The continued ripoff of the american consumer has to come to an end one way or the other.
This isnt a case of supply vs demand. Its a case of deliberately limiting supply and price gouging.
Peace
TOS
Why not show this chart MORELUCK? Does it kill your concept?
Peace
TOS
wkmac
Well-Known Member
Why not show this chart MORELUCK? Does it kill your concept?
Peace
TOS
Of course not. She's been saying all along that gas prices were cheaper under Bush and your chart proves that in a manner of speaking. But the error you both make is to assume that Obama or Bush actually have that much control over the price of fuel to begin with.
BTW: Paid $3.48 a gallon yesterday. You west coasters are such suckers!
moreluck
golden ticket member
All I know is what my gas pump charges me.
UPS Lifer
Well-Known Member
The hardliners and closet socialists that post on this website, want you to believe that "Corporate America" is what is wrong with this country. They (meaning the posters and fringe left) are a huge threat to our way of life.
Obama's spending and borrowing got us into this mess. He is printing money like there is no tomorrow to pay for the $16 trillion in debt. Devalued $$$ means that prices rise. This is what inflation is all about. It hits transportation first and everything follows. All goods and services rely on transportation costs.
Oil companies are bad and sinister. Corporations are bad, bad, bad. Capitalism is bad, bad, bad...
Obama's spending and borrowing got us into this mess. He is printing money like there is no tomorrow to pay for the $16 trillion in debt. Devalued $$$ means that prices rise. This is what inflation is all about. It hits transportation first and everything follows. All goods and services rely on transportation costs.
Oil companies are bad and sinister. Corporations are bad, bad, bad. Capitalism is bad, bad, bad...
Ahh, the talking points of the right wing spin machine. I love to hear them repeated.
Listen Slick, despite the windbaggery, lets deal with reality. In California, OIL production has been at all time levels, and consumption, because of hybrids and other alternative fuels has decreased year over year here. Stockpiles of oil and fuel drive prices downward and the refiners and oil companies know that decreasing prices are not good for profits.
Instead of holding on to oil and fuel in california for the future and driving prices down, they then EXPORT the excess oil and fuel to mexico and take inventory levels BELOW demand here in the state and that drives prices UP!
For over a year now, California refiners have been selling oil to mexico and lowering inventory levels to keep prices high. The refiners continue to say if they kept oil in the state instead of selling it to mexico, it would cost american jobs.
Its the biggest pile of crap ever sold to us as citizens.
This is just another example of big corporations exploiting the free market by creating their own calamities and driving prices higher.
Drilling for more oil or building more refineries will not solve this problem. Either is the last thing california refiners want to do as long as demand is decreasing.
Peace
TOS
texan
Well-Known Member
California could break gas price record as average soars to $4.49 a gallon
LOS ANGELES – California gas prices continued surging Friday, adding another 17 cents per gallon on
average, and the increases are expected to continue for at least several more days, ensuring long lines
and short tempers at pumps around the state.
A week of soaring costs has led some stations to close and others to charge record prices -- in some
places $5 or more -- as California leapfrogged Hawaii as the state with the most expensive fuel.
The average price for a gallon of regular unleaded across California was nearly $4.49 on Friday, 32
cents more than a week ago and the highest statewide average in the nation, according to AAA's
Daily Fuel Gauge report.
The national average is about $3.79 a gallon, the highest ever for this time of year.
Read more: California could break gas price record as average soars to $4.49 a gallon | Fox News
LOS ANGELES – California gas prices continued surging Friday, adding another 17 cents per gallon on
average, and the increases are expected to continue for at least several more days, ensuring long lines
and short tempers at pumps around the state.
A week of soaring costs has led some stations to close and others to charge record prices -- in some
places $5 or more -- as California leapfrogged Hawaii as the state with the most expensive fuel.
The average price for a gallon of regular unleaded across California was nearly $4.49 on Friday, 32
cents more than a week ago and the highest statewide average in the nation, according to AAA's
Daily Fuel Gauge report.
The national average is about $3.79 a gallon, the highest ever for this time of year.
Read more: California could break gas price record as average soars to $4.49 a gallon | Fox News
Wow. Imagine this. What would have happened if you mortgage were tied to the stock market. When the market tanked, you paid less in interest AND principal because it was worth less. When the market goes up, you pay significantly more. Does it make any sense to think that oil prices would stay low as the market makes a steady rise? Would you really think something was amiss if you mortgage went up as your retirement account did also? Like it or not, rising fuel prices are a sign of a strengthening economy.
