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

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

    Quote Originally Posted by MMC View Post
    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.
    No administration effectively has, nor should.
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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by SMTA View Post
    No administration effectively has, nor should.
    Why do you say that.....I would think dropping certain regulations would at least start the process.

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

    Quote Originally Posted by MMC View Post
    Why do you say that.....I would think dropping certain regulations would at least start the process.
    You need to accurately define the root cause of the problem before suggesting a solution.

    Nobody has done that as of yet, here or in DC.
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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by MMC View Post
    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.

    World demand when down during the great recession, that is why oil prices went down. What do you think is happening to world oil prices now that the world is coming out of the recession?
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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Psst!

    Emerging markets.

    Psst!

    Emerging markets = increased demand.

    Psst!

    Increased demand = increase in price. (price is elastic compared to demand)

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

    Quote Originally Posted by SMTA View Post
    You need to accurately define the root cause of the problem before suggesting a solution.

    Nobody has done that as of yet, here or in DC.
    Well the regulations are part of anything else they find.....but they do point out what will take prices down.

    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.....snip~

    Course throw in those tax recovery policies and those regulations. Where else can they look to beyond this. Other than policy to get like the G8 to make an agreement. Which I just mean in this field and not looking at alternatives.

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

    Quote Originally Posted by MMC View Post
    Well the regulations are part of anything else they find.....but they do point out what will take prices down.

    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.....snip~

    Course throw in those tax recovery policies and those regulations. Where else can they look to beyond this. Other than policy to get like the G8 to make an agreement. Which I just mean in this field and not looking at alternatives.
    Every decision made has some alternative cost attached to it.

    There are available reserves in the US, but we cannot allow companies to just race in and drill.

    There are safety, environmental, and transportation issues (to name a few) that need to be addressed first.

    The current fracking issues have yet to be completely identified, and issues continue to arise.
    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

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

    Payroll tax increase, constant increases in gas prices? Yeah Obama is definitely looking out for the middle class. After Golf with Tiger Woods of course.
    "Those who know what's best for us, must rise and save us from ourselves" - Witch Hunt- Rush

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

    Quote Originally Posted by LiberalAvenger View Post
    The one who has no other choice than to drive forty miles to work. Now, you are going to tell me they should move, right? He/she can not afford to move.
    You have an interesting, if somewhat wierd, idea of just who is "the little guy" ...
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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by OpportunityCost View Post
    Another factor is refining capacity, we havent built a new refinery in this country in years. Regional supply issues cause a lot of the gas price swings we experience all the time.
    Good point. The hundred or so boutique fuel blends for different parts of the country at different times of the year cause some real distortions in the market. Consider the one and only refinery that produces gasoline for the Chicago area: if they guess too low they can't import the difference from anywhere else, and if they guess too high they have no place to sell the excess. Multiply that problem by the number of "special needs" areas, and you have some real problems with price and supply consistency.

    But the libs don't mind as long as they get theirs...
    "We the people are the rightful masters of both Congress & the courts, not to overthrow the Constitution, but overthrow the men who pervert the Constitution."
    - Abraham Lincoln

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