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Thread: Obama may tap strategic reserves

  1. #31
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    Re: Obama may tap strategic reserves

    Quote Originally Posted by sawyerloggingon View Post
    We are having a fit over the fact gas has doubled since obama took the reigns and seems too be trending up yet again.


    Even Lisa see's the absurdity of this move, that should impress you libs.


    You know what's interesting though is that you libs constantly deny drilling more oil in US would stabilize prices but suddenly releasing a little from our reserves will do just that. You guys need to pick a story and stick with it.
    When the increase in oil prices is primarily speculation-driven, yes, it can have exactly that effect.

    More drilling will not have a significant influence on actual oil supply, nor would a tiny percentage increase in oil supply 5-10 years from now have any effect on speculators this year.

    "Picking a story and sticking to it" is exactly the opposite of what one should do because the real world isn't that simple.

    P.S. The Obama administration isn't as anti-oil as you think they are.
    Last edited by Deuce; 02-26-12 at 02:53 PM.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  2. #32
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    Re: Obama may tap strategic reserves

    Quote Originally Posted by Deuce View Post
    When the increase in oil prices is primarily speculation-driven, yes, it can have exactly that effect.

    More drilling will not have a significant influence on actual oil supply, nor would a tiny percentage increase in oil supply 5-10 years from now have any effect on speculators this year.

    "Picking a story and sticking to it" is exactly the opposite of what one should do because the real world isn't that simple.

    P.S. The Obama administration isn't as anti-oil as you think they are.
    Since it largely is speculation driven, any additional production could potentially lower prices. So could threatening to open up the SPR. If the speculators think there will be more supply, the price will go down.


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    This issue has been plowed more times than Paris Hilton.
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  3. #33
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    Re: Obama may tap strategic reserves

    Quote Originally Posted by rocket88 View Post
    Since it largely is speculation driven, any additional production could potentially lower prices. So could threatening to open up the SPR. If the speculators think there will be more supply, the price will go down.
    New drilling doesn't increase production for several years, and speculators aren't going to think there will be more supply. Speculators don't share this fantasy that oil production will ever again keep pace with oil demand. Even declaring open season on ANWR and the deep gulf drilling, the effect on supply compared to what demand is doing is just laughably small.

    To clarify: I am not categorically against new drilling, I just think people need to realize that more drilling isn't going to save us.
    Last edited by Deuce; 02-26-12 at 06:32 PM.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  4. #34
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    Re: Obama may tap strategic reserves

    Quote Originally Posted by rocket88 View Post
    Since it largely is speculation driven, any additional production could potentially lower prices. So could threatening to open up the SPR. If the speculators think there will be more supply, the price will go down.
    Why do you suddenly seem so reasonable? Did I crash into a tree skiing today, am I in a coma, WTF is going on here?

  5. #35
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    Re: Obama may tap strategic reserves

    Quote Originally Posted by rocket88 View Post
    Since it largely is speculation driven, any additional production could potentially lower prices. So could threatening to open up the SPR. If the speculators think there will be more supply, the price will go down.
    Speculation today is driven by geopolitics (Mid East). Threats by Iran probably have a great deal to do with the price of gas at our pumps.

  6. #36
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    Re: Obama may tap strategic reserves

    what do you expect? Obama's all about 2012. Obamacares real impact? After the election. This silly payroll tax break? After the election. High gas prices? Deal with the root "after" the election. After all, he did say $5 a gallon of gas isn't a bad deal.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Obama may tap strategic reserves

    I don't think alot of you understand what speculating is. In it's simplest terms I am filling up every 50 gallon drum I have tomorrow with diesel, all 6 of them because I am speculating diesels going to do nothing but go up for a while. Same thing with airlines trucking comps etc. They try too lock in prices if they see them going up by purchasing Tens of thousands of gallons at a set price. As more comps do this the price goes up. If on the other hand something makes them think the price will go down, for instance if the pres of USA says he is going too open drilling up, these comps will quickly try to unload the high price fuel they have ordered and the price falls. It's not a perfect system but it works.

  8. #38
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    Re: Obama may tap strategic reserves

    Quote Originally Posted by sawyerloggingon View Post
    I don't think alot of you understand what speculating is. In it's simplest terms I am filling up every 50 gallon drum I have tomorrow with diesel, all 6 of them because I am speculating diesels going to do nothing but go up for a while. Same thing with airlines trucking comps etc. They try too lock in prices if they see them going up by purchasing Tens of thousands of gallons at a set price. As more comps do this the price goes up. If on the other hand something makes them think the price will go down, for instance if the pres of USA says he is going too open drilling up, these comps will quickly try to unload the high price fuel they have ordered and the price falls. It's not a perfect system but it works.
    Except airlines and trucking companies are purchasing that fuel with the intent to use it. Commodities speculators are "purchasing" that fuel with the intent of taking a cut while providing no actual service. They don't even like have a giant warehouse full of oil, they don't even take physical possession of the oil. They don't do anything. Oh, they'll tell you that their service provides "much needed liquidity" to the market, or some other bull****. Right. Because oil companies have such a difficult time selling their product, cashflow is hard to come buy.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  9. #39
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    Re: Obama may tap strategic reserves

    For the last few weeks all we've heard is the price of gas is going up, it will be over $5, the poor won't be able to afford it, it will stall the recovery and send the economy to a spiral. Well golly, if this isn't an emergency, what have y'all been crowing about?

    If even the threat of tapping the reserves slows speculation, it's a good thing, not for Republicans, but for the country!
    Last edited by Hikertrash; 02-26-12 at 11:04 PM.

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    Re: Obama may tap strategic reserves

    I'm especially going to love it if Obama suspends or reduces the tax on fuel this summer. The rants from the right are going to be precious.

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