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Thread: Gas prices set record: 1,000 days above $3 a gallon

  1. #111
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    Re: Gas prices set record: 1,000 days above $3 a gallon

    Quote Originally Posted by Sharona View Post
    It has to do with expanding markets in the East...
    The biggest US buyer of energy would be the Pentagon and with both Iraq and Afghanistan on the back burner, demand had to drop and prices should have dropped. I didn't see any drop, did you. Now a little conflagration in Syria will pop demand, don't you think?

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    Re: Gas prices set record: 1,000 days above $3 a gallon

    Quote Originally Posted by DaveFagan View Post
    The biggest US buyer of energy would be the Pentagon and with both Iraq and Afghanistan on the back burner, demand had to drop and prices should have dropped. I didn't see any drop, did you. Now a little conflagration in Syria will pop demand, don't you think?
    Syria produces very little oil.

    Market demand has increased in the East....

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    Re: Gas prices set record: 1,000 days above $3 a gallon

    Quote Originally Posted by sawyerloggingon View Post
    So your point is China is using coal that we won't.
    It certainly seems that way. Did you read the report?

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    Re: Gas prices set record: 1,000 days above $3 a gallon

    Quote Originally Posted by Sharona View Post
    Syria produces very little oil.

    Market demand has increased in the East....
    Speculators tend to look at the Middle East overall.

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    Re: Gas prices set record: 1,000 days above $3 a gallon

    Quote Originally Posted by Grant View Post
    Speculators tend to look at the Middle East overall.
    Saudi Arabia sell a lot of oil to Chiina.. and that is increasing steadily.

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    Re: Gas prices set record: 1,000 days above $3 a gallon

    Quote Originally Posted by Grant View Post
    It certainly seems that way. Did you read the report?
    Yes I read it. Yet another BS subsidized fossil fuel report. The only thing subsidized is solar and wind.

  7. #117
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    Re: Gas prices set record: 1,000 days above $3 a gallon

    Quote Originally Posted by ocean515 View Post
    A review of the chart shows that only for a brief period on two separate occations did a gallon of gas sell for the same amount it has been selling at for the last 1,000 days.

    The other posters fixation on saving face can't hide the fact that their statement was patently false.

    Now, do I think Presidents can effect gasoline prices? Yes, to a point. Certainly they can have an impact, as evidenced by releases from the Strategic Reserve, but on the whole, no, no real impact.

    However, the depiction in the media is as blatently biased as anything they have done. During Bush's Presidency, it was common to see network reports from gas stations around the country where "random" motorists would be interviewed and shown to be blaming Bush for the high prices. This meme ran for weeks while the prices spiked.

    Today, the meme from the MSM, and the troops on the left is "the President can't control gas prices".

    Hey, that's the way it goes. If continued elimination of any credibility is the goal, it's being achieved admirably.
    Media aside, no real impact as you said.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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    Re: Gas prices set record: 1,000 days above $3 a gallon

    Quote Originally Posted by Grant View Post
    The government's coal policies are doing the people a lot of good, however. The Chinese people that is.

    http://www.powderriverbasin.org/asse...rgySecCoal.pdf
    It's hard to get all worked up over the coal being sold on the open market. Are you saying we should nationalize the coal industry? That's not socialistic at all


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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    Re: Gas prices set record: 1,000 days above $3 a gallon

    Quote Originally Posted by rocket88 View Post
    Media aside, no real impact as you said.
    Be careful how you want to define "real impact".

    The fact is, gasoline will never drop as low as it once was. It's a finite resource that will get more costly as time goes by. I also believe the Fed will soon be increasing the Fed gasoline tax by at least 100% to offset the lost revenue brought about by the big increases in fuel efficiency.

    Also, the Feds are going to have to find a way to tax drivers of electric vehicles, since they are paying little to nothing to help maintain roadways.

    The country will become accustomed to these high gas prices, unfortunately it will be at the expense of the poor and other working families who are being left further behind due to expanding government regulations.

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    Re: Gas prices set record: 1,000 days above $3 a gallon

    Quote Originally Posted by ocean515 View Post
    Be careful how you want to define "real impact".

    The fact is, gasoline will never drop as low as it once was. It's a finite resource that will get more costly as time goes by. I also believe the Fed will soon be increasing the Fed gasoline tax by at least 100% to offset the lost revenue brought about by the big increases in fuel efficiency.

    Also, the Feds are going to have to find a way to tax drivers of electric vehicles, since they are paying little to nothing to help maintain roadways.

    The country will become accustomed to these high gas prices, unfortunately it will be at the expense of the poor and other working families who are being left further behind due to expanding government regulations.
    You're absolutely right, it will never drop as low as it was. Gasoline is a different commodity than crude oil. As long as the refiners make more money shipping a large portion of it off to China, they will. If all the gasoline produced here stayed here, the price would go down significantly. The oil companies will do whatever makes them more money, that's business.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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