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Thread: Oil rises above $90 amid US crude supply drop

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    Yes, the Democratic policy called the Middle Class.
    Nice try but the democrats do not care about the middle class

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    Nice try but the democrats do not care about the middle class
    And the republicans do?

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    Nice try but the democrats do not care about the middle class

    Why do you say that?

    Dems tend to be more supportive of safety net programs.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    U.S. gas prices are a joke ... in Norway

    "Most Europeans pay at least double what Americans do. Some of them, including the Greeks and the Scandinavians, shell out even more.

    In the U.S., the nationwide average for the price of gas was $3.53 per gallon on Thursday, according to AAA. The price has risen for 16 consecutive days, jumping 34 cents.

    But that's still less than half the $9.28 per gallon paid in Oslo, according to Din Side, a Norwegian search and news site that monitors gas prices, among other things.

    Who's paying what: Most Europeans, including the British, the Irish, the Germans, the Italians and the French, pay somewhere between $7.50 and $8 per gallon, according to the International Energy Administration.

    Danes paid $8.20 per gallon at the end of February, according to the IEA. Greeks -- no strangers to economic hard times -- were paying $8.45.

    Many people may assume that Europeans pay a lot for gas because they don't have their own source of fossil fuels. In fact, they do.

    Norway is awash in oil because of its thriving oil industry in the North Atlantic. The United Kingdom also has access to the oil fields in the same region.

    Italy has deep corporate ties with Libya. Its oil production company, Eni, is the largest producer in Libya. But even in the best of times, without civil war in Libya, gas in Italy is expensive when compared to the U.S. Italians on average paid $7.77 a gallon at the end of February, according to the most recent data from the IEA.

    "The difference between countries comes down to taxes and subsidies," said Tom Kloza, the chief oil analyst for Oil Price Information Service. "Prices are incredibly high in Europe because of the stiff taxes that EU countries put on fuel. The same holds true for many other countries."

    The Japanese also pay more -- $6.30 at the end of February -- and so do the Canadians, at $4.49 per gallon, according to the IEA."
    Is that because our government hides the real price through subsidies we pay

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    Yet Obama is stopping drilling off shore. Now we have environmentalists wanting drilling stopped because of lizard

    Small lizard sparks big debate in NM, Texas - BusinessWeek

    Your article says it is environmentalists, not Obama that stopped the drilling at that location. But who cares about the facts if there's a chance people won't notice, is that the thinking?
    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: Oil rises above $90 amid US crude supply drop

    So you are saying subsidies are good.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    Is that because our government hides the real price through subsidies we pay
    Subsidies we pay... at least you admit where the money comes from.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    Your article says it is environmentalists, not Obama that stopped the drilling at that location. But who cares about the facts if there's a chance people won't notice, is that the thinking?
    LOL - he didn't read it.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    Is that because our government hides the real price through subsidies we pay
    Exactly....................
    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: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by j-mac View Post
    Don't use the term if you have no idea what you are talking about please.

    j-mac
    This does not include subsidies to ethanol manufacturers and farmers. Add in the subsidies and we are paying more for gas than the pump price says

    Oil Companies Reap Billions From Subsidies - NYTimes.com

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