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

  1. #31
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Erod View Post
    So what caused it to go to $4 last time? Oh yeah, it was Bush and speculators and Ann Coulter and Halliburton, if I recall. I get them all mixed up when a Republican is in office.

    Obama's and liberal's disinterest in solving our infrastructure problem is THE problem.
    Actually, US infrastructure has been sucky for quite some time (The Infrastructure Deficit | NewAmerica.net)
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  2. #32
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Mr. Invisible View Post
    Actually, US infrastructure has been sucky for quite some time (The Infrastructure Deficit | NewAmerica.net)
    Yep, and why is that?

  3. #33
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by sharon View Post
    Meaning what? We have had a US Naval presence in the Med and the Persian Gulf since the British left.
    I am pretty sure the British have a battlefleet there.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

  4. #34
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Erod View Post
    The vast majority of our oil comes from Canada and elsewhere. Iran has been in this state for over a decade.

    I wonder if Obama, privately, loves this. The enviros want us all peddling bikes anyway.


    Oil has its price determined internationally. That the US gets around a couple of million barrels per day from Canada is meaningless as the demand for oil is increasing in places like China, India, Brazil etc.

    Combined with the potential for a very real shortage of oil if Iran is attacked, and the price of oil in the US and throughout the world, will go up drastically


    Also the vast majority of US oil comes from the US, and oil production in the US has been increasing over the last few years not decreasing if I recall correctly.

    Take Iranian oil off the international market, and the price of oil will increase drastically. If Iran in response to an attack on it, decides to take out Saudi arabian oil export facilities and the world will enter a deep depression
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  5. #35
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Lord Tammerlain View Post
    Oil has its price determined internationally. That the US gets around a couple of million barrels per day from Canada is meaningless as the demand for oil is increasing in places like China, India, Brazil etc.

    Combined with the potential for a very real shortage of oil if Iran is attacked, and the price of oil in the US and throughout the world, will go up drastically


    Also the vast majority of US oil comes from the US, and oil production in the US has been increasing over the last few years not decreasing if I recall correctly.

    Take Iranian oil off the international market, and the price of oil will increase drastically. If Iran in response to an attack on it, decides to take out Saudi arabian oil export facilities and the world will enter a deep depression
    You are correct, the U.S. has become the 2nd largest producer of oil behind Russia.

    But i disagree with the deep depression reference in the event that war ravages middle east refining and exporting capabilities. Yes, we will surly be hit by a stagflation, but the incentive for the international community to quickly rebound from such a scenario will be at an all time high. If Iran makes such a strategic attack, they will essentially have declared war on every nation that is oil dependent. A global coalition would quickly disarm Iran's military capabilities, and rebuild needed oil infrastructure as fast is humanly possible. Let's just hope it does not come to this.

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

    Quote Originally Posted by Erod View Post
    News Headlines



    I just don't get it.

    You build a a new refinery or two, which will directly and indirectly create hundreds of thousands of jobs, and you drive the price down on gasoline, groceries, travel, and everything else. You run that pipleline and you pick up our on- and off-shore drilling production, too

    Basically, Obama has extended the social security tax cut so people get to keep another $40 per month, then gas prices spiral upward so all that and more goes back into the gas tank. What is the point?

    Why we let this go on, while other countries simply pick up the slack and gouge us on the back end, is completely beyond me.

    But I guess the Jedi global-warming mind tricks always work on the weak minded, eh Obi Wan?
    It's just price fixing and nothing more. They've been doing this for quite some time now.
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Blue_State View Post
    I am pretty sure the British have a battlefleet there.
    The Brits began reducing their forces in the Persian Gulf and Indian Ocean in the 1950s.....

  8. #38
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    Re: Gas prices are highest ever for this time of year

    Build the Keystone pipeline, drill here and drill now, and **** Obama
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by digsbe View Post
    Build the Keystone pipeline, drill here and drill now, and **** Obama


    N. American oil output could top 40-year-old peak

    North America appears headed for an oil renaissance, with crude production expected to hit an all-time high by 2016, given the current pace of drilling in the U.S. and Canada, according to a study released by an energy research firm this week.

    U.S. oil production in areas including West Texas' Permian Basin, South Texas' Eagle Ford shale, and North Dakota's Bakken shale will record a rise of a little over 2 million barrels per day from 2010 to 2016, according to data compiled by Bentek Energy, a Colorado firm that tracks energy infrastructure and production projects.

    Canadian crude production is expected to grow by 971,000 barrels per day during the same period, with much of the oil headed for the U.S.

    Combined, the U.S. and Canadian oil output will top 11.5 million barrels per day, which is even more than their combined peak in 1972.

    Goldman Sachs has estimated the U.S. could move from being the No. 3 oil producer behind Saudi Arabia and Russia to the No. 1 spot by 2017.

    continued.............

    http://www.chron.com...eak-2193837.php

    (When the ppb is high.. oil companies invest in exploration and rigs.. young men study petroleum engineering... )

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

    Quote Originally Posted by sharon View Post
    Iran denies reports on EU oil export cuts RT

    Put on your hip waders... its getting deep.
    Well there you have it then. You believe Iran. Good luck with that.

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