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Oil rises above $90 amid US crude supply drop

All you have to know is Obama's energy secretary says we need to pay more for gas.

Obama’s Energy Sec. wants $7 to $9 Unleaded gas prices | RedState

That is not the same as intentionally driving up the prices. We do pay much less than any other country, and he may or may not have a point, but no single person in the country is able to drive up prices. Oil prices seem to depend on a multitude of different things, supply being one, and the other even larger one being market speculation.
 
That is not the same as intentionally driving up the prices. We do pay much less than any other country, and he may or may not have a point, but no single person in the country is able to drive up prices. Oil prices seem to depend on a multitude of different things, supply being one, and the other even larger one being market speculation.

Wrong Obama is stopping drilling and paying other countries to drill more.

Trade Newswire - The 15 cheapest places to buy gas in the world
 
Wrong Obama is stopping drilling and paying other countries to drill more.

Trade Newswire - The 15 cheapest places to buy gas in the world

Secretary of Commerce Secretary Gary Locke
Remarks at American Chamber of Commerce Shanghai and U.S.-China Business Council, Shanghai

"With me are 24 American companies that will play an important role in meeting the president’s ambitious export goals.

These are companies of different sizes that operate in different industries. But together, they represent the best that America has to offer in:

* clean energy generation;
* energy efficiency; and
* electricity storage, transmission and distribution."

"I’m proud to say that President Obama has already done more to mitigate climate change and invest in clean energy than any president in U.S. history.

In just the last year:

* He signed a Recovery Act that included $80 billion in clean energy investments; and
* He implemented tough new efficiency standards for automobiles, appliances and consumer electronics."
Remarks at American Chamber of Commerce Shanghai and U.S.-China Business Council, Shanghai | Department of Commerce
 
Secretary of Commerce Secretary Gary Locke
Remarks at American Chamber of Commerce Shanghai and U.S.-China Business Council, Shanghai

"With me are 24 American companies that will play an important role in meeting the president’s ambitious export goals.

These are companies of different sizes that operate in different industries. But together, they represent the best that America has to offer in:

* clean energy generation;
* energy efficiency; and
* electricity storage, transmission and distribution."

"I’m proud to say that President Obama has already done more to mitigate climate change and invest in clean energy than any president in U.S. history.

In just the last year:

* He signed a Recovery Act that included $80 billion in clean energy investments; and
* He implemented tough new efficiency standards for automobiles, appliances and consumer electronics."
Remarks at American Chamber of Commerce Shanghai and U.S.-China Business Council, Shanghai | Department of Commerce


Great our economy is in the tank and Obama is doing nothing for jobs but is giving money for research.

Obama is costing jobs by stopping drilling and he is hurting the economy. This green crap does nothing to help the people at this time of economic crisis

Higher Gas Prices & Thousands of Jobs Lost: The Impact of Obama
 
today:

Suffering its worst monthly performance since September 2010, the dollar weakened to a new 2½-year low Friday as investors turned increasingly pessimistic about the U.S. economy and the policy prescriptions designed to improve it.

Longstanding worries among market participants about the Federal Reserve's ultra-loose monetary policy have converged with growing concerns about the widening U.S. fiscal imbalance. Both are considered legacies of crisis-era stimulus policy that has kept U.S. interest rates at rock bottom, but sent the federal debt soaring to unsustainable levels.

As a result, the dollar is hunkered at multiyear lows against most of its major counterparts.

Dollar Remains Under Pressure - WSJ.com
 
Not based upon his own statements...maybe you need an education?

Meh, you posted a link to a guy who thinks Obama is intentionally driving up gas prices. That's pretty uneducated. He has literally no control over gas prices so he could not drive them up even if he wanted to. How does this guy get to write the news?
 
Better hold your breath...he's only got another year.

We're coming again...just like LAST November ;)

Secretary of Commerce Secretary Gary Locke
Remarks at American Chamber of Commerce Shanghai and U.S.-China Business Council, Shanghai

"With me are 24 American companies that will play an important role in meeting the president’s ambitious export goals.

These are companies of different sizes that operate in different industries. But together, they represent the best that America has to offer in:

* clean energy generation;
* energy efficiency; and
* electricity storage, transmission and distribution."

"I’m proud to say that President Obama has already done more to mitigate climate change and invest in clean energy than any president in U.S. history.

In just the last year:

* He signed a Recovery Act that included $80 billion in clean energy investments; and
* He implemented tough new efficiency standards for automobiles, appliances and consumer electronics."
Remarks at American Chamber of Commerce Shanghai and U.S.-China Business Council, Shanghai | Department of Commerce
 
Better hold your breath...he's only got another year.

We're coming again...just like LAST November ;)

LOL! 2010 was before the GOP began their new attack on the middle class and the elderly. They played their hand to soon, thankfully! :sun
 
All you have to know is Obama's energy secretary says we need to pay more for gas.

Obama’s Energy Sec. wants $7 to $9 Unleaded gas prices | RedState

Do you know why he said that? He said that if we aren't paying that much people won't get their head out of the sand and actually do something to address the long term issues of our energy demand. The longer gas stays cheaper than other fuels, the harder and more painful the transition will be.

Great our economy is in the tank and Obama is doing nothing for jobs but is giving money for research.

Obama is costing jobs by stopping drilling and he is hurting the economy. This green crap does nothing to help the people at this time of economic crisis

Higher Gas Prices & Thousands of Jobs Lost: The Impact of Obama

Drilling is not a long term solution to the entire problem of energy demands.

Ignore globally warming for now, because it doesn't matter in this debate. China, India, Russia, Saudi Arabia, and ex-soviet state are quickly modernizing. Their demand for oil is more fierce than ours (we've actually lowered our demand) because these modernizing countries do not have the tech or infrastructure to support other fuels to keep their economies growing without more oil. Thus, global demand is raising faster than ever before.

This means, even if all peak 9all oil) US oil production is reached, the inevitable is only delayed for, at most, about 10 years, then we are exactly back were we are right now and NOT any better off for it. In fact, we are worse off because we would drain our reserves while destroying arable land for years.

Any country that drills for oil without also investing in smarter energy is woefully short sighted.
 
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We know, we were warned in 2001 and in March of last year:

"As it is, national solutions alone cannot work. Politicians still speak of U.S. energy independence,

while the United States is importing more than half of its oil supplies and may soon for the first time

become reliant on sources outside North America for substantial amounts of natural gas."
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"The US military has warned that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact."
US military warns oil output may dip causing massive shortages by 2015 | Business | The Guardian
 
it's exciting!

the energy and interior secretaries are getting it exactly like they want!

Salazar: No drilling even at $10 a gallon/youtube

congrats, comrades

seeya at the polls, take mass transit

If all the voters were idiots and ignored that we went to war over oil in Iraq, and if they ignored all the world's experts and their eyes at the gas pumps that we are approaching the end of cheap oil, your plan might work.

Personally, I don't think voters are that stupid. :sun
 
energy secretary wants to figure out how to boost the price of gasoline to levels in europe

interior secretary---no drilling in the outer continental shelf even at 10 dollars a gallon

know the men

know the man that picked em---you can go ahead and build electrical, it's just that it will bankrupt you

seeya at the polls, pals
 
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energy secretary wants to figure out how to boost the price of gasoline to levels in europe

interior secretary---no drilling in the outer continental shelf even at 10 dollars a gallon

know the men

know the man that picked em---you can go ahead and build electrical, it's just that it will bankrupt you

seeya at the polls, pals

Too bad you are wrong. Obama actually wants to expand drilling. Herp
 
know the men

Yep, the first scientist to ever hold the position! :sun



"Chu is a scientist extraordinaire: Ph.D. from the University of California, Berkeley; experience in academia, the private sector, and government; and winner of the 1997 Nobel Prize in Physics (for developing "methods to cool and trap atoms with laser light"). Sounds like he might actually be qualified for the post. How did that happen?"
Token Scientist or the Real Deal? —
 
energy secretary---gotta get gas up to 7 to 9 dollars, like europe

interior---no drilling, even at $10

barack the slasher hussein---if you build it you will go bust

links above

seeya at the polls, pals
 
energy secretary---gotta get gas up to 7 to 9 dollars, like europe

interior---no drilling, even at $10

barack the slasher hussein---if you build it you will go bust

links above

seeya at the polls, pals

Wouldnt have an effect anyway...

Don't worry though, Obamas "Justice Team" will put an end to speculators (as if that's the problem)

LOL!

Cheap Gas?

We KNEW this was coming

years ago

Oh well!

Blame it on whoever you want

nothings gonna change the fact that cheap oil was always going to be a thing of the past...

Have fun blamnesians

LOL!
 
LOL!

hasn't he heard about peak oil?

Unlike you, he actually knows its a short term/interim buffer against sudden spikes in price. Furthermore, he understands that it will do nothing to lower global prices. The only thing it would do is keep the military supplied with oil in all honesty.

But it doesn't matter. Whether you like it or not Prof, alternative fuels are on the way because the market is actually pushing it to the present. The only thing that government can do is speed that processes up by either investing in the technology or remove all subsides. I wonder how much gas would actually be if we didn't give oil companies money and tax breaks.
 
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