Page 19 of 22 FirstFirst ... 91718192021 ... LastLast
Results 181 to 190 of 218

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

  1. #181
    Sage
    polgara's Avatar
    Join Date
    Jan 2013
    Location
    NE Ohio
    Last Seen
    Yesterday @ 10:17 PM
    Gender
    Lean
    Other
    Posts
    18,351

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

    Quote Originally Posted by Bonzai View Post
    The problem with Venezuela, if you ever been there, isn't Caesar Chavez, "Yankee" capitalists, or socialism, it's the Venezuelan people...............They're idiots....................
    In what way, Bonz?

  2. #182
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Quote Originally Posted by Bonzai View Post
    The problem with Venezuela, if you ever been there, isn't Caesar Chavez, "Yankee" capitalists, or socialism, it's the Venezuelan people...............They're idiots....................
    To a degree yes. But I think it's less pronounced then you say. For instance, Chavez's latest victory margin was tiny compared to his last run and he poured billions of dollars into the poor places. I think people there are more liking him because of the welfare state he created rather than his anti-American policies. And the opposition came close to evicting Chavez. While some of them aren't particular fans of the US, they aren't fans of his Socialism. We merely need to get an anti-nationalization president into Venezuela.

    The real answer to cheaper oil prices lies outside the US. Any real conservation we do in America will get eaten by growth in China and India.

    On a side note, I'm actually for the Keystone XL pipeline now. But for the sole reason that exporting to Asia will expose massive amounts of US fisheries and forests to Valdez kinds of problems. Make no mistake, the oil will get exported. The question is where to and across where. Risking Northwest fisheries and tourism worth billions of dollars when we can pipeline down through the US (with changes to avoid the major water sheds) is stupid.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  3. #183
    Traveler

    Jack Hays's Avatar
    Join Date
    Jan 2013
    Location
    Williamsburg, Virginia
    Last Seen
    Yesterday @ 04:55 PM
    Gender
    Lean
    Independent
    Posts
    54,867
    Blog Entries
    2

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

    Build the Keystone XL pipeline.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

  4. #184
    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 obvious Child View Post
    Well, the only real policy that is seriously impacting world oil is Iranian Sanctions. We have removed a huge amount of daily production being pumped into the global market. Sure some countries are still getting Iranian oil, but it's not properly priced in. You can't realistically blame Obama for high gas prices and want to prevent Iran from getting nukes at the same time. Obama could lower gas prices immensely by just calling off Iranian sanctions. Sure India and China demand is there along with seasonal changes, but that is the 800 lb Gorilla.

    Finding additional oil reserves in the US won't change oil prices like the immediate end of Iranian oil sanctions. Furthermore, remember that large amounts of US hydrocarbons are only extractable under high prices. So as prices decline, those deposits start to leave the equation as they aren't worth getting.

    Well, there is ONE thing Obama could do that would help oil prices materially: Assassinate Chavez. Venezuela has the largest proven oil reserves on the planet. Replacing him with a weak candidate who loses an election, gets replaced with the opposition who then undoes the nationalization Chavez did and foreign investment piles back in and production ramps up. Venezuelan production is cratering under Chavez for obvious reasons.
    I agree with most of what you said. Good assessment. As you know the Sanctions in the 70s and up until now didn't really affect Iran before.....now it does. I didn't think of assassinating Chavez.....but I was thinking of if we could get someone in there to work with.

    Also I think that any President looking at regulations can do something to affect the price of gas. Course I think we need some more refineries and built better. Which don't include alternatives energy sources.

    Another point is.....I wouldn't give drilling Rights to any other country in our own backyard, not before any American Companies.

  5. #185
    Banned
    Join Date
    Jan 2013
    Last Seen
    07-25-13 @ 09:19 PM
    Gender
    Lean
    Progressive
    Posts
    3,328

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

    Quote Originally Posted by polgara View Post
    In what way, Bonz?
    They tend to be rabidly antiAmerican in this warlike sort of way.............Which is just downright strange coming from a people and a country that I, personally, couldn't care less about........................................

  6. #186
    Banned
    Join Date
    Jan 2013
    Last Seen
    07-25-13 @ 09:19 PM
    Gender
    Lean
    Progressive
    Posts
    3,328

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

    Quote Originally Posted by MMC View Post
    I agree with most of what you said. Good assessment. As you know the Sanctions in the 70s and up until now didn't really affect Iran before.....now it does. I didn't think of assassinating Chavez.....but I was thinking of if we could get someone in there to work with.

    Also I think that any President looking at regulations can do something to affect the price of gas. Course I think we need some more refineries and built better. Which don't include alternatives energy sources.

    Another point is.....I wouldn't give drilling Rights to any other country in our own backyard, not before any American Companies.
    Inside info: There's alot more money to be made from peddling petroleum byproducts than refining them...............You just think everyone thinks like you---in the long term. Wrong..........................

  7. #187
    Banned
    Join Date
    Aug 2012
    Last Seen
    08-19-16 @ 02:13 PM
    Gender
    Lean
    Conservative
    Posts
    5,243

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

    Pisses me off personally. Thing is I have not found a way to change it and my comute is pretty direct as it is without much more driving at all. So if you can't do anything about the added fuel cost find a way to cut the same amount somewhere else. I know it sounds simplistic but it is what I've had to do and it works. In the end it is about your total costs, and being ticked off about a cost you can't control over a long period just isn't good for you. Try reducing the cost of your home utilities by the amount of your fuel cost increase. Thing is in the past week fuel went up 10 cents a gallon. Reeeaally pissed me off too until I realized that this week that was going to cost me an extra...... dollar. So at lunch today I just got the sandwich without the fries. I'm good, back on budget. I've spent a lot of time pissed off about things like this that are in the end nothing, it's not worth it.

  8. #188
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Quote Originally Posted by Jack Hays View Post
    Build the Keystone XL pipeline.
    Just not in areas where it could contaminate the water table for billions in agriculture and drinking water.

    Makes no sense to build a pipeline that isn't going to change oil prices much that ruins huge amounts of American Agriculture and then costs billions to fix.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  9. #189
    Sage
    polgara's Avatar
    Join Date
    Jan 2013
    Location
    NE Ohio
    Last Seen
    Yesterday @ 10:17 PM
    Gender
    Lean
    Other
    Posts
    18,351

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

    Quote Originally Posted by Bonzai View Post
    They tend to be rabidly antiAmerican in this warlike sort of way.............Which is just downright strange coming from a people and a country that I, personally, couldn't care less about........................................
    Perhaps it feels safer to them to agree with their leader, at least in public?

  10. #190
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Quote Originally Posted by MMC View Post
    I agree with most of what you said. Good assessment. As you know the Sanctions in the 70s and up until now didn't really affect Iran before.....now it does. I didn't think of assassinating Chavez.....but I was thinking of if we could get someone in there to work with.
    Sort of. Iran kind of screwed on its military because of the sanctions. But hardly enough to bring the country down.

    Also I think that any President looking at regulations can do something to affect the price of gas. Course I think we need some more refineries and built better. Which don't include alternatives energy sources.
    Well, the problems with refineries is that they are horribly expensive and refinery margins are low. Economically speaking, it doesn't make sense for the oil industry to build more when they make very little on refineries. Estimates I remember seeing out of my old firm was that refinery margins were maybe 5% where extraction was easily into double digits. And building more refineries just adds more finished goods to the market which invariably will reduce prices at least a little. So with extremely high costs, low margins and potential for even lower margin, it's a dud. Last I checked, it's a couple billion to build a refinery. The payback alone on that with 5% margin is pretty long.

    Estimated 2013 Gasoline Price Breakdown & Margins Details

    Jan 07' was 4.9% margin on refinery products. But that includes refinery costs as well as profits so it may be significantly lower than that. Crude is the big one in the retail price.

    Honestly, the only way I see refineries being built in the US is if the US government basically owns it. Its a terrible use of capital for the oil industry otherwise.

    Another point is.....I wouldn't give drilling Rights to any other country in our own backyard, not before any American Companies.
    Meh. I honestly don't care about. We're already exporting refined oil products as our #1 export. If BP does it over Exxon, it doesn't change that.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

Page 19 of 22 FirstFirst ... 91718192021 ... 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
  •