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

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

    Quote Originally Posted by Samhain View Post
    And since the thread is about gas prices in the US......

    But anyway, the reason gas prices are high is because we are closing refineries since the supply is outstripping demand, speculation on the oil market, supply disruptions in Africa, and Iranian sanctions on oil contracts.
    The biggest factor in gasoline prices worldwide is the cost of oil. As we have seen since the 90's, oil prices keep going up as the world demand approaches the world supply levels of cheap oil.

    World demand is increasing faster than its cheap supplies of oil. The US military warned in 2010 there could be serious shortages as soon as 2015. As we get closer and closer to that peak in demand/supply, anything that threatens disruption in the middle east, where most of the cheap oil is located, causes speculator spikes in the already high prices we pay at the pump.
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    Re: Gas prices are highest ever for this time of year

    We have plenty of oil in this country to drill. With technology if we don't have a better alternative to oil in 10 years I'd be surprised. There should be no worry of running out oil.

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

    Quote Originally Posted by cthomp View Post
    We have plenty of oil in this country to drill. With technology if we don't have a better alternative to oil in 10 years I'd be surprised. There should be no worry of running out oil.
    We don't have plenty of cheap oil, that is the problem. Most of that is located in the middle east. That is why Iraq was such a big prize that we won for the big oil companies.

    No one claims we will run out of oil. The problem is that it becomes too expensive to promote economical growth. That is why we import more than half the oil in this country. Even with the cost of the military and middle east wars, it is less expensive than turning the oil in this country into gasoline.

    That's one of the reasons we are transitioning to alternative energy.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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

    Quote Originally Posted by Catawba View Post
    You think that might have anything to do with decreased production due to the Recession????

    No, I think that they are purposely skewing their own chart there in the interest of so called "Energy Justice".... BTW, what the hell is a supposed law school doing preparing empirical data on energy to in their own words drive policy? They are skewed, they are anti American energy, and they are IMHO trash.



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

    Quote Originally Posted by Catawba View Post
    We don't have plenty of cheap oil, that is the problem. Most of that is located in the middle east. That is why Iraq was such a big prize that we won for the big oil companies.

    No one claims we will run out of oil. The problem is that it becomes too expensive to promote economical growth. That is why we import more than half the oil in this country. Even with the cost of the military and middle east wars, it is less expensive than turning the oil in this country into gasoline.

    That's one of the reasons we are transitioning to alternative energy.
    We won Iraqi oil for the Chinese oil companies ?

    And.........gasoline is one of our biggest exports now.
    Last edited by Gill; 03-01-12 at 05:12 PM.

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

    Quote Originally Posted by j-mac View Post
    Your Chart from the lefty Marxists at UCSD is wrong....Gas price was lower than they show on the chart in 2008.


    j-mac
    You might notice that the data is from the EIA.
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by AdamT View Post
    You might notice that the data is from the EIA.
    The data is wrong.


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

    Quote Originally Posted by Gill View Post
    We won Iraqi oil for the Chinese oil companies ?
    Western oil firms remain as US exits Iraq

    And.........gasoline is one of our biggest exports now.
    That doesn't change the fact that the US imports more oil than it produces, and has since 1971. There has not been a single year under either party since 1971 that we have produced as much oil as we consume.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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

    Quote Originally Posted by j-mac View Post
    No, I think that they are purposely skewing their own chart there in the interest of so called "Energy Justice".... BTW, what the hell is a supposed law school doing preparing empirical data on energy to in their own words drive policy? They are skewed, they are anti American energy, and they are IMHO trash.



    j-mac
    Oh, in your opinion eh?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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

    Quote Originally Posted by Catawba View Post
    Western oil firms remain as US exits Iraq



    That doesn't change the fact that the US imports more oil than it produces, and has since 1971. There has not been a single year under either party since 1971 that we have produced as much oil as we consume.
    Great evidence to support your position.........

    Out of the 20 contracts in your link, an American company got ONE !!

    Very impressive ............

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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