Gas Prices

[upschuck]

If you are referring to TOS's claim that oil prices are down because Obama made the oil companies drill on government leased land or lose it, he's wrong.

http://www.forbes.com/sites/danielfisher/2012/10/17/did-obama-really-take-away-those-oil-leases/

That was part of it, and that is a good response, instead of all the name calling. However, do you know for certain that Obama did not have talks with Saudi Arabia, to keep them pumping the oil, and not cutting production? I think that is the main reason that prices are dropping.

Funny how every Pres says it is not their fault for high gas prices, and takes credit for low ones. You can't have it both ways.

 

[The Other Side]

Can you name 1 thing Obama has done that could even do anything that could have lowered the price of gas in any way?
The answer is no.
We have lower gas prices at the moment for a few reasons.
The US, Canada, Brazil and a few other countries has increased their oil production dramatically in the last few years.
The world has been in recession for the last few years and world oil consumption has decreased.
In spite of these facts, Saudi Arabia has chosen, for reasons of their own, not to decrease it's oil production.
Hence, a temporary lower gas price bubble.
Don't listen to the TROLL. If you do, you only get variations of the same story. Republicans are stupid and evil. And the Democrats are here to help us.

This post goes to demonstrate how OBLIVIOUS you are to real world facts. Its already been pointed out and backed up, that Saudi Arabia and OPEC have CUT and CUT deep to a point where they cant keep cutting just to keep the price of oil near 100 dollars a barrel.

Cutting from 99.9% to 61% is DRASTIC.

Why should they cut further just to "PROP" up prices on the commodities market just to help out the american oil companies??

I think I also already pointed out that NEW sources of oil have come ONLINE and has contributed to the glut of oil on the world market.

This ISNT a "bubble". Its reality. The only "BUBBLE" in play is the one you reside in with regard to real world facts.

Our producers are doing all they can TO CUT PRODUCTION and drive down inventory levels over the next 10 months.

How do you reconcile this when the republicans keep calling for "DRILL BABY DRILL" and the producers are going on national television cable news and saying flat out that they are shutting down wells?

As of today, Boone T. Pickens says 64 wells have been shut off in an attempt to drive inventory levels down by november and bringing the price of oil to $90 dollars a barrel.

I am unclear why you are blaming everything but the truth for the price of oil.

TOS.

 

[The Other Side]

If you are referring to TOS's claim that oil prices are down because Obama made the oil companies drill on government leased land or lose it, he's wrong.

http://www.forbes.com/sites/danielfisher/2012/10/17/did-obama-really-take-away-those-oil-leases/

Did you actually read the article you linked? It BACKS UP my position 100%.

"Use it or lose it".

It substantiates my position that oil companies were warned to DRILL or face the prospect of losing the leases.

Instead of losing them, the producers DRILLED on them increasing production, like I said. In other cases, according to YOUR LINK near the bottom, it showed how the government took back leases and RELEASED the sites to other drillers.

CMON man, actually read an article.

TOS.

 

[The Other Side]

Obama did nothing to lower oil prices but he did take actions that tried to limit production (limiting new drilling and exploration). The lower prices are because of a global glut and other countries over producing. Obama did say he wanted higher prices to attempt to force people into alternative energy and his policies reflected that.

If OBAMA tried to limit production, why then is the USA producing over 1 million additional barrels of oil today over and above anything the USA was doing before he took office?

Its really sad that you people cannot give credit where credit is due.

President Obamas culmination of policies from increased drilling, to alternative energy vehicles to increased miles per gallon vehicles has led to a reduction in CONSUMPTION in the United States.

So far, in 6 years, oil consumption in the USA has fallen year over year.

IN California alone, gasoline consumption is down for the 4th straight year as 1 in 4 new cars sold is a hybrid.

Increased mileage per vehicle is another large contributor to the reduction of oil consumption.

NO matter what Obama does, none of you will give him credit for his policies that are appearing right in front of your faces.

TOS.

 

[oldngray]

If OBAMA tried to limit production, why then is the USA producing over 1 million additional barrels of oil today over and above anything the USA was doing before he took office?

Its really sad that you people cannot give credit where credit is due.

President Obamas culmination of policies from increased drilling, to alternative energy vehicles to increased miles per gallon vehicles has led to a reduction in CONSUMPTION in the United States.

So far, in 6 years, oil consumption in the USA has fallen year over year.

IN California alone, gasoline consumption is down for the 4th straight year as 1 in 4 new cars sold is a hybrid.

Increased mileage per vehicle is another large contributor to the reduction of oil consumption.

NO matter what Obama does, none of you will give him credit for his policies that are appearing right in front of your faces.

TOS.

Obama tried but failed as he does with everything else.

 

[The Other Side]

Obama tried but failed as he does with everything else.

What a "cop out".

Do you have anything better to demonstrate other than the hate you are spoon fed? How about pointing to some data from some source that shows oil is just dropping on its own.

TOS.

 

[oldngray]

What a "cop out".

Do you have anything better to demonstrate other than the hate you are spoon fed? How about pointing to some data from some source that shows oil is just dropping on its own.

TOS.

When did I claim oil is dropping on its own?

 

[The Other Side]

DRILL BABY DRILL??? What a crock of crap.

http://blogs.wsj.com/corporate-inte...pickens-tells-oil-companies-to-stop-drilling/

There is no Supply vs Demand concept for oil.. Its simple manipulation. Drive down supply, increase price to consumers.

TOS.

 

[The Other Side]

DRILL BABY DRILL??

Boone T. Pickens says USA oil industry will shut 500 rigs in next 6 to 9 months!

http://www.zerohedge.com/news/2014-...-expert-not-you-says-oil-down-due-weak-demand

Just like REAL BROWNS link stated, Oil companies had leases that they had been sitting on for 10,20,30 years without drilling on them keeping the price of oil SKY HIGH for consumers.

This is how the price per barrel is manipulated.

The biggest voice in the oil business says he is the expert, and shutting down wells is what they are going to do in order to get prices back to 4 dollars a gallon in the USA.

DONT blame OBAMA, DONT BLAME OPEC, DONT BLAME the middle east.

These are his words and his words speak volumes for the oil industry.

Now maybe you can understand that DRILL BABY DRILL is nothing but pure bullcrap.

TOS.

 

[realbrown1]

That was part of it, and that is a good response, instead of all the name calling. However, do you know for certain that Obama did not have talks with Saudi Arabia, to keep them pumping the oil, and not cutting production? I think that is the main reason that prices are dropping.

Funny how every Pres says it is not their fault for high gas prices, and takes credit for low ones. You can't have it both ways.

From now on, how about you act like an adult and do a little research on your own. If you are getting your information from a BC TROLL, you have some serious problems.

 

[realbrown1]

DRILL BABY DRILL??

Boone T. Pickens says USA oil industry will shut 500 rigs in next 6 to 9 months!

http://www.zerohedge.com/news/2014-...-expert-not-you-says-oil-down-due-weak-demand

Just like REAL BROWNS link stated, Oil companies had leases that they had been sitting on for 10,20,30 years without drilling on them keeping the price of oil SKY HIGH for consumers.

This is how the price per barrel is manipulated.

The biggest voice in the oil business says he is the expert, and shutting down wells is what they are going to do in order to get prices back to 4 dollars a gallon in the USA.

DONT blame OBAMA, DONT BLAME OPEC, DONT BLAME the middle east.

These are his words and his words speak volumes for the oil industry.

Now maybe you can understand that DRILL BABY DRILL is nothing but pure bullcrap.

TOS.

You are so full of it. You can make up facts, interpret other facts to suit your needs and blast anyone else with a different opinion.
Are the US oil companies choir boys? No.
Are they in the charity business? No.
They are what they are. Trying to make as much as they can from the risks that the take. Isn't that what America is about?

 

[Babagounj]

Obama to tout auto recovery at closed Ford plant because of low demand for hybrids

 

[upschuck]

From now on, how about you act like an adult and do a little research on your own. If you are getting your information from a BC TROLL, you have some serious problems.

Or you act like an adult, and not call people names when they don't think your way. If you could read, I said my knowledge of oil wasn't too high, and you gave no reasonable retorts to what was said.

I was reacting to what was said here, and as far as I know, freedom of speech still exists.

 

[bottomups]

If you are referring to TOS's claim that oil prices are down because Obama made the oil companies drill on government leased land or lose it, he's wrong.

http://www.forbes.com/sites/danielfisher/2012/10/17/did-obama-really-take-away-those-oil-leases/

If it's on the internet it must be true.

 

[realbrown1]

If it's on the internet it must be true.

A TROLL says that article proves his point, and you doubt that it is true.
I guess FORBES doesn't carry the weight it used to.

 

[realbrown1]

Or you act like an adult, and not call people names when they don't think your way. If you could read, I said my knowledge of oil wasn't too high, and you gave no reasonable retorts to what was said.

I was reacting to what was said here, and as far as I know, freedom of speech still exists.

Go back and read your original reply to my post. Childish was being generous.
If one of my kids used that kind of logic, I be real worried about them.
And you're an adult who should know better.

 

[bbsam]

http://www.forbes.com/sites/katinas...reshadow-a-slump-in-the-stock-market-in-2015/

Actually, rb1, Forbes says a lot of things.

 

[The Other Side]

http://www.forbes.com/sites/katinas...reshadow-a-slump-in-the-stock-market-in-2015/

Actually, rb1, Forbes says a lot of things.

This chart demonstrates the relationship between Saudi Arabia and the United states daily production.

Notice when it changed.. 2012 three years after President Obama institutes functional change in the way we produce oil in the USA. "use it or lose it" worked to make effective change in the way we produced oil.

TOS.

 

[The Other Side]

You are so full of it. You can make up facts, interpret other facts to suit your needs and blast anyone else with a different opinion.
Are the US oil companies choir boys? No.
Are they in the charity business? No.
They are what they are. Trying to make as much as they can from the risks that the take. Isn't that what America is about?

IS this the best you have?? "making up facts?"

So, exact quotes from the leading expert in the oil business is "making up facts"?

How is that?

Like I told you in the beginning, you don't understand the oil market and no excuse you can make will fit your attempts at disputing what I have posted.

Your opinion is one of impulsivity and not research.

Your own link supported what I have stated. The problem is, you didn't bother to read your own article.

It laughable how you and others want to defend the oil industries practices at your own expense.

IF America is about ripping off the American consumer and halting the economy with high gas prices, then Capitalism isn't what its suppose to be.

Nobody has a problem with a company earning a profit, but gouging the American Public to make record profits quarter after quarter while the economy sinks isn't what America is suppose to be about.

There is alot more to the oil industry than you are capable of understanding.

TOS.

 

[UpstateNYUPSer(Ret)]

Just paid $2.59/gallon.