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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 Deuce View Post
    Who elected the Department of Defense?
    Our enemies?
    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

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

    Quote Originally Posted by Catawba View Post
    Exactly, we have some of the lowest gas prices in the world and still people bitch.
    And we SHOULD! Are you saying our Nation should have the same prices as Europe? $11 a gallon? Give me a break man.
    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

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

    Quote Originally Posted by The Giant Noodle View Post
    And we SHOULD! Are you saying our Nation should have the same prices as Europe? $11 a gallon? Give me a break man.
    What's to bitch about? We have some of the lowest gas prices in the world. If you want lower gas prices, lower consumption.
    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 Deuce View Post
    Who elected the Department of Defense?

    Hmmm...I am looking at my constitution and can't seem to find the epa in there anywhere, but you know what is? that's right defense. Whether you like it or not.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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

    Quote Originally Posted by Catawba View Post
    NEW YORK (CNN/Money) – "Gasoline prices in the United States, which have recently hit record highs, are actually much lower than in many countries. Drivers in some European cities, like Amsterdam and Oslo, are paying nearly 3 times more than those in the U.S."

    "Country City Price in USD Regular/Gallon
    Netherlands Amsterdam $6.48
    Norway Oslo $6.27
    Italy Milan $5.96
    Denmark Copenhagen $5.93
    Belgium Brussels $5.91
    Sweden Stockholm $5.80
    United Kingdom London $5.79
    Germany Frankfurt $5.57
    France Paris $5.54
    Portugal Lisbon $5.35
    Hungary Budapest $4.94
    Luxembourg $4.82
    Croatia Zagreb $4.81
    Ireland Dublin $4.78
    Switzerland Geneva $4.74
    Spain Madrid $4.55
    Japan Tokyo $4.24
    Czech Republic Prague $4.19
    Romania Bucharest $4.09
    Andorra $4.08
    Estonia Tallinn $3.62
    Bulgaria Sofia $3.52
    Brazil Brasilia $3.12
    Cuba Havana $3.03
    Taiwan Taipei $2.84
    Lebanon Beirut $2.63
    South Africa Johannesburg $2.62
    Nicaragua Managua $2.61
    Panama Panama City $2.19
    Russia Moscow $2.10
    Puerto Rico San Juan $1.74
    Saudi Arabia Riyadh $0.91
    Kuwait Kuwait City $0.78
    Egypt Cairo $0.65
    Nigeria Lagos $0.38
    Venezuela Caracas $0.12"

    CNN/Money: Global gas prices
    Is that because of over taxing?

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

    Quote Originally Posted by Catawba View Post
    Exactly, we have some of the lowest gas prices in the world and still people bitch.
    Maybe because it has doubled since Obama took office. After all Chu says we need to pay as much as Europe. I would like to know why we should pay more

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

    Quote Originally Posted by Catawba View Post
    What's to bitch about? We have some of the lowest gas prices in the world. If you want lower gas prices, lower consumption.
    We have lowered consumption and prices have doubled

    U.S. Gasoline Demand Is At A Decline, Not Likely To Go Up Ever Again – AltTransport: Your Guide to Smarter Ways of Getting Around

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

    Demand has increased in China and India
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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

    Quote Originally Posted by Lord Tammerlain View Post
    Demand has increased in China and India
    If we would drill where we have oil and not export it and increase refinery capacity that would not affect us

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

    Quote Originally Posted by ptif219 View Post
    If we would drill where we have oil and not export it and increase refinery capacity that would not affect us
    Yes it would
    Oil is an internationally tradable commodity. The price of which is set based on international demand and supply.


    An increase in supply will decrease the price from what it would be if the extra supply had not been avaliable. It does not mean the price would actually go down, just that it may not go up as much as it would have. Given the amount of oil demand coming from China and India, and how much it is increasing, oil prices are unlikely to decrease very much unless masssive supplies come on to the market (Anwar would not be considered massive)
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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