Page 15 of 22 FirstFirst ... 51314151617 ... LastLast
Results 141 to 150 of 218

Thread: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

  1. #141
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by MMC View Post
    Btw the Font is Burgandy, not red.....and your Historic Facts doesn't include the last set of Sanctions on Iran nor the more current ones that Obama placed on them. Nor those taxes he and his team imposed.
    Despite your red font, you've yet to prove that sanctions on Iran hold a match to the expected increase in world oil demand.
    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

  2. #142
    Don't Give a Rat's Ass
    SMTA's Avatar
    Join Date
    Sep 2012
    Location
    OH
    Last Seen
    Today @ 02:14 AM
    Gender
    Lean
    Independent
    Posts
    21,877

    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Most likely reason is seasonal maintenance for US refineries.

    In the last year or so, it seems that pump prices are inelastic when compared to crude prices.

    Increasing demand in China specifically, and probably India are also factors.

    We can also thank the Saudis and OPEC for not increasing output.
    Greatness lies not in being strong, but in the right use of strength - Henry Ward Beecher
    Baby sister, I was born game and I intend to go out that way - Rooster Cogburn

  3. #143
    Banned
    Join Date
    Feb 2012
    Location
    Chicago Illinois
    Last Seen
    10-14-15 @ 09:28 AM
    Gender
    Lean
    Private
    Posts
    56,981

    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by Catawba View Post
    Despite your red font, you've yet to prove that sanctions on Iran hold a match to the expected increase in world oil demand.
    To late I already stated that that there wasn't any drop in oil production.....internationally that is. So you misread into it to go into talking point about the future demand of oil. Which again no one even disputes such.

    But the speculation for traders was put at ease since the CNN report of 2012, after the G8 stated there would be no shortages for that global economy and to keep gas prices down. Which happens to pertain to what is taking place now and the reasons why the gas is so high.

    Moreover you forgot about what triple A said about that east Coast refinery which is contributing to why gas prices are as high as they are now under Obama.

    See Obama just like any other man that was President can do something to affect the price.....it starts with the Regulations. Doesn't matter which party. The next President can do it, the one after too. Oh and the macro says burgundy not red. So your wrong there too.

  4. #144
    Banned
    Join Date
    Feb 2012
    Location
    Chicago Illinois
    Last Seen
    10-14-15 @ 09:28 AM
    Gender
    Lean
    Private
    Posts
    56,981

    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by SMTA View Post
    Most likely reason is seasonal maintenance for US refineries.

    In the last year or so, it seems that pump prices are inelastic when compared to crude prices.

    Increasing demand in China specifically, and probably India are also factors.

    We can also thank the Saudis and OPEC for not increasing output.
    That's part of it for sure and triple AAA validated that point as evidenced.....

    According to South Jersey AAA spokesman Rich Bradley, the most recent spike in gas prices stems partly from a refinery closure in Saint Croix resulting in one million barrels of crude oil sitting idle, combined with slowdowns at 25 percent of U.S. refineries for scheduled maintenance work.

    Gas companies are also switching over from a winter blend to a summer blend, so there’s just not a lot of fuel out there, which is driving up cost,” said Bradley. “Also, there’s still the remnants of the disruption caused by (Superstorm) Sandy — that’s going to be less and less each day, but it’s still a factor.”.....snip~

  5. #145
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by MMC View Post
    To late I already stated that that there wasn't any drop in oil production.....internationally that is. So you misread into it to go into talking point about the future demand of oil. Which again no one even disputes such.

    But the speculation for traders was put at ease since the CNN report of 2012, after the G8 stated there would be no shortages for that global economy and to keep gas prices down. Which happens to pertain to what is taking place now and the reasons why the gas is so high.

    Moreover you forgot about what triple A said about that east Coast refinery which is contributing to why gas prices are as high as they are now under Obama.

    See Obama just like any other man that was President can do something to affect the price.....it starts with the Regulations. Doesn't matter which party. The next President can do it, the one after too. Oh and the macro says burgundy not red. So your wrong there too.


    Just continue to ignore world demand if that makes your spin work.
    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

  6. #146
    Don't Give a Rat's Ass
    SMTA's Avatar
    Join Date
    Sep 2012
    Location
    OH
    Last Seen
    Today @ 02:14 AM
    Gender
    Lean
    Independent
    Posts
    21,877

    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by MMC View Post
    [COLOR="#800000"][B]

    See Obama just like any other man that was President can do something to affect the price.....it starts with the Regulations. Doesn't matter which party. The next President can do it, the one after too. Oh and the macro says burgundy not red. So your wrong there too.
    The POTUS office does not have the power, nor should get involved directly.

    There are too many domestic and international variables that are uncontrollable.
    Greatness lies not in being strong, but in the right use of strength - Henry Ward Beecher
    Baby sister, I was born game and I intend to go out that way - Rooster Cogburn

  7. #147
    Banned
    Join Date
    Dec 2009
    Location
    virginia
    Last Seen
    04-01-13 @ 03:46 PM
    Gender
    Lean
    Private
    Posts
    16,881
    Blog Entries
    19

    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by OpportunityCost View Post
    Which is why it would behoove us to increase our domestic supply via fracking....oh wait, you and Democrats are against that too.
    Is this guy a democrat or republican? lol.


  8. #148
    Banned
    Join Date
    Dec 2009
    Location
    virginia
    Last Seen
    04-01-13 @ 03:46 PM
    Gender
    Lean
    Private
    Posts
    16,881
    Blog Entries
    19

    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by SMTA View Post
    The POTUS office does not have the power, nor should get involved directly.

    There are too many domestic and international variables that are uncontrollable.
    I disagree. He can use the bully pulpit, while he is in the cat bird's chair.

  9. #149
    Banned
    Join Date
    Feb 2012
    Location
    Chicago Illinois
    Last Seen
    10-14-15 @ 09:28 AM
    Gender
    Lean
    Private
    Posts
    56,981

    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by SMTA View Post
    The POTUS office does not have the power, nor should get involved directly.

    There are too many domestic and international variables that are uncontrollable.
    Obama Can Control Some Factors That Affect Oil Prices.....

    There are countless factors that affect oil prices, and some of them fall outside the president's immediate control, but to argue that an American president has zero ability to impact domestic gasoline prices is simply false. As most people know, the price of gasoline is largely determined by the price of oil. The recent increase in oil prices, and the subsequent increase in gasoline prices, is largely due to a potential disruption in the supply of Iranian oil—there has been no actual decline in international oil production. Conversely, allowing America's oil and natural gas producers to explore our vast oil reserves would absolutely quell concerns about future oil production, increase international spare capacity, and bring down the price of gasoline.

    Under the Obama administration, consumers have seen a real increase in energy prices. The price of gasoline has increased by more than 90 percent. Last year, the average American household spent over 8 percent of its income on gasoline, the largest portion in three decades. Still, the president opposes oil and gas development here at home: Billions of barrels of oil contained in Alaska, America's West, and our Outer Continental Shelf are off-limits.

    In the face of criticism, the president is quick to trumpet increased domestic oil production going on today. True, the U.S. is producing more of the energy we consume, but these trends stem from increased development of oil and natural gas on private and state lands—production on federal lands is declining.

    Far from facilitating domestic production, President Obama has threatened to cripple America's job creators by repealing standard cost recovery tax policies employed by oil and natural gas producers. Raising oil and natural gas producers' taxes by $90 billion would force these employers to delay or scrap future projects—outcomes that can only increase the price of oil.

    Christopher Prandoni serves as a Federal Affairs Manager of Americans for Tax Reform and handles energy policy for the organization.

    Obama Can Control Some Factors That Affect Oil Prices | Debate Club | US News Opinion

    Yes — The administration has done little to reduce oil prices

    DANIEL SIMMONS, Director of State Affairs at the Institute for Energy Research.....snip~


    Post 95......there are some things he can do. Also getting that agreement from the G8 is major factor.

  10. #150
    Banned
    Join Date
    Feb 2012
    Location
    Chicago Illinois
    Last Seen
    10-14-15 @ 09:28 AM
    Gender
    Lean
    Private
    Posts
    56,981

    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by Catawba View Post
    Just continue to ignore world demand if that makes your spin work.
    Yeah, when you figure out that demand here has gone down.....then you might catch on.



    Plus ya can tell ya pals at the Underground I said thanks for the same sources.

Page 15 of 22 FirstFirst ... 51314151617 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •