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Thread: Gas prices are highest ever for this time of year

  1. #231
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Joeygetzo View Post
    The New York Times did a study on the increase in oil prices i believe for the year of 2009 or 2010. They determined that when comparing the price of oil to gold it was basically the same, however compared to the american dollar, the price of oil increased 3 percent. 2.5 percent for the euro. The truth of the matter is yes oil will run out, but we have no idea when. Oil reserves are being found more than ever today. So yes the supply of oil is affect the price, but the devaluation of the unbacked currency is the most vital part.
    Unbacked currency? LOL The dollar is considered the safest currency in the world. Investors flock to every Fed auction. Stop listening to that dinosaur, they went extinct years ago. Speculators are having a field day at our and the rest of the economy's expense. Capitalism at its worst and they are just begging to be stopped. I hope somebody listens. What really gets me is that it's the banks doing it to us again. How many times are they going to get away with tanking this economy?
    Last edited by iguanaman; 02-24-12 at 01:22 AM.

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Samhain View Post
    Correct. When the big businesses start to change their business to where the money is to be made will be when we realize the change is happening.
    Indeed. Allegedly the rumor is that the big oil firms have been patenting a lot of the green tech patents over the last decade.

    The Ford Mustang sold 380,000 in its first year. More comparable to the time, I think the first year run of the Prius was about 6,000.
    Was the indexed price back then? Gas too?

    My thoughts on the green bankruptcies was that they banked on China's cost for raw materials going in up, but when the predicted shortage didn't occur, they went belly up. Again it points to the tech not being ready for prime time.
    That's probably a piece of it, but I thoughts are more that German, Dutch and Chinese governments are essentially handing out welfare to their firms while the US refuses to play ball. It's hard to compete with someone who has an endless line of cheap credit behind them. South Korean Chaebols rose to their status today by doing just that.

    Couldn't agree more. The tech isn't ready for mass production and consumption.
    You said that. I forgot to put that in quotes.

    And there is money to be made. Chinese and German firms not to mention Dutch have been profitable for quite some time, abet with some "help."
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by sawyerloggingon View Post
    Gas use has gone down since obama got here but gas prices have gone up, want to see a fool, look in the mirror.
    It helps to understand what you are talking about before talking about it.

    Obama entered the Presidency during the worst recession since the Great Depression. It makes sense that gas usage in the US has declined. But what you completely and utterly fail to understand is that oil is not a nationalized product that is isolated from the rest of the world. Furthermore, the usage of oil as a currency hedge by large trading firms and institutions has artificiality driven gas prices up without a corresponding demand for end product increase. The Libyan adventure, growing global demand and increasing usage in recent months of oil all point to higher gas prices.

    Blaming Obama for something he has little control over is just partisan.

    If you want prices to decrease, lobby Obama to remove Iranian sanctions. That will instantly reduce prices.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by sawyerloggingon View Post
    The theory presented by libs was gas prices went up and are still going up due to Obams growing economy.
    That would be a dishonest argument of your own creation. No one said that gas prices are solely going up because of the growing economy except you. You can lie all you want. We also can point out you are a liar.

    The graph clearly shows gas consumption in US has trended down since obama was immaculated so the theory is clearly wrong.
    Come again?

    This Week In Petroleum Gasoline Section

    That's the most recent data. US supply is going down due to consumption and exporting. How does that prove the theory wrong?

    And the last graph:

    gtpsusm.jpg


    Shows you are wrong on consumption. Look, as the economy improves....so does consumption!
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  5. #235
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by obvious Child View Post
    Blaming Obama for something he has little control over is just partisan.

    Then I am quite sure that you will say that the last time gas hit this price, and mouth foamers like Schumer, Pelosi, Wasserman-Schultz, and alike were on every DC street corner in front of camera's blaming Bush, to the tune of 91 reports by the MSM in a week, as compared to the crickets we see now with only 21 reports done in a week was nothing more than partisan hackery then too, right?

    You can't have it both ways dude.


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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by EagleAye View Post
    Okay, in the case of oil, are speculators fulfilling an important role? Are they abusing their position, or does it just seem like it?
    Again, not that simple. Are they buying for an end user? Or are they simply buying for an investor that isn't interested in ever actually using a single barrel?

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Joeygetzo View Post
    The increase in gas prices lies within the devaluation of our dollar.
    The dollar is stable compared to oil right now.

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by obvious Child View Post
    Blaming Obama for something he has little control over is just partisan.

    If you want prices to decrease, lobby Obama to remove Iranian sanctions. That will instantly reduce prices.
    He has little control but if he would make one move the market would fall?

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by obvious Child View Post
    It helps to understand what you are talking about before talking about it.

    Obama entered the Presidency during the worst recession since the Great Depression. It makes sense that gas usage in the US has declined. But what you completely and utterly fail to understand is that oil is not a nationalized product that is isolated from the rest of the world. Furthermore, the usage of oil as a currency hedge by large trading firms and institutions has artificiality driven gas prices up without a corresponding demand for end product increase. The Libyan adventure, growing global demand and increasing usage in recent months of oil all point to higher gas prices.

    Blaming Obama for something he has little control over is just partisan.

    If you want prices to decrease, lobby Obama to remove Iranian sanctions. That will instantly reduce prices.
    This is all great and cute and all....but I don't remember anything like this from your side when oil spiked during Bush's tenure. Then, it was he and Cheney in a backroom pulling strings and getting rich. It's like Abu Ghraib versus the recent pissing on dead Taliban men...one was Bush's fault, the other was the military's fault.

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    Re: Gas prices are highest ever for this time of year

    In my opinion the President CAN do things that cause oil to rise from its normative value, but there's not much he can do to lower the price from its normative value. Historically, war in the ME has been a major factor affecting oil prices. Invading Iraq caused oil prices to skyrocket. Saber rattling against Iran causes oil prices to rise. OTOH, recessions tend to cause oil prices to fall.


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