View Poll Results: The price of gas under President McCain would have been

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  • $1.86

    2 3.92%
  • $2.00

    0 0%
  • $2.50

    0 0%
  • $3.00

    2 3.92%
  • About the same

    47 92.16%
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Thread: If McCain had won in '08, gas would cost...?

  1. #41
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    Re: If McCain had won in '08, gas would cost...?

    Quote Originally Posted by Tucker Case View Post
    No US policies exist which could have a major effect on the futures market, though. Minimal effects, sure, but the US policy decisions are only one small part of the total equation.
    Totally agree. However each of the sub-factors involved do show changes in the pump price. I've heard valid arguments about global demand, the depreciation of the U.S.D., kinks in the supply chain, and the futures market. It's kind of a "death by 1,000 cuts" situation. Politics do have a role in it, the size of such is debateable.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  2. #42
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    Re: If McCain had won in '08, gas would cost...?

    Quote Originally Posted by LaMidRighter View Post
    Totally agree. However each of the sub-factors involved do show changes in the pump price. I've heard valid arguments about global demand, the depreciation of the U.S.D., kinks in the supply chain, and the futures market. It's kind of a "death by 1,000 cuts" situation. Politics do have a role in it, the size of such is debateable.
    So we get back to my point that presidents can only have a minimal influence.
    Tucker Case - Tard magnet.

  3. #43
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    Re: If McCain had won in '08, gas would cost...?

    Quote Originally Posted by Tucker Case View Post
    So we get back to my point that presidents can only have a minimal influence.
    I actually think we're both right on this. As ironic as that sounds I do firmly believe that a president has a minimal effect when they get let the market correct, but the more hands on they seem to get the worse the prices tend to rise. I think it's a legit 50/50.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  4. #44
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    Re: If McCain had won in '08, gas would cost...?

    Quote Originally Posted by LaMidRighter View Post
    I actually think we're both right on this. As ironic as that sounds I do firmly believe that a president has a minimal effect when they get let the market correct, but the more hands on they seem to get the worse the prices tend to rise. I think it's a legit 50/50.
    I have a different perspective on things. I think they seem to get more hands on to give the appearance that they are doing something about the prices when in truth they aren't really doing anything but putting on a show.

    When prices start rising, president's put on more of a show to hopefully cause people to say "Well, at least he's doing something about it!"

    It's all a dog and pony show, though.
    Tucker Case - Tard magnet.

  5. #45
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    Re: If McCain had won in '08, gas would cost...?

    Quote Originally Posted by Tucker Case View Post
    I have a different perspective on things. I think they seem to get more hands on to give the appearance that they are doing something about the prices when in truth they aren't really doing anything but putting on a show.

    When prices start rising, president's put on more of a show to hopefully cause people to say "Well, at least he's doing something about it!"

    It's all a dog and pony show, though.
    It's a possibility for sure. I don't buy though that we really are doing anything productive to help the market right now though, we have more crude than refined product but still don't have a stable exploration/production environment. We need more refineries, a streamlined production process, and valid alternatives to take further pressure off of supply. My big problem is that one side says the market is just trending up due to demand, that's a single factor, the supply is somewhat strained due to red tape so it's such a large mess there is no one right answer.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  6. #46
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    Re: If McCain had won in '08, gas would cost...?

    Quote Originally Posted by LaMidRighter View Post
    It's a possibility for sure. I don't buy though that we really are doing anything productive to help the market right now though, we have more crude than refined product but still don't have a stable exploration/production environment. We need more refineries, a streamlined production process, and valid alternatives to take further pressure off of supply. My big problem is that one side says the market is just trending up due to demand, that's a single factor, the supply is somewhat strained due to red tape so it's such a large mess there is no one right answer.
    Personally, I think the prices are being driven up by speculation and have nothing to do with current supply and demand trends. Basically the same things that drove up prices in 2008 and doing so now (and ultimately, it's the desire for short term profits not long term thinking that affects speculation).
    Tucker Case - Tard magnet.

  7. #47
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    Re: If McCain had won in '08, gas would cost...?

    If the president owned the head of the leadership in Saudi Arabia, then decided to force them to adjust production to his desire...he might have enough influence to Lower prices here by half a buck. Thing is, all this cr@p is based on an annual increase....Obama certainly does not control when we drive. Remember as well, the recent past:

    "In May 2008, average gas prices in the United States approached, and in some places passed, $4.00 a gallon, shattering records. But this was nothing new to American consumers. May was a month of records that broke one after another, and that came on the heels of months of rising prices. And then the cycle continued, with prices eventually falling and then inching toward the $4.00 mark again in 2011."

    HowStuffWorks "How Gas Prices Work"

    I would be amazed if gas prices dropped while Coffee, bananas, and energy all went up.

  8. #48
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    Re: If McCain had won in '08, gas would cost...?

    Quote Originally Posted by Tucker Case View Post
    Personally, I think the prices are being driven up by speculation and have nothing to do with current supply and demand trends. Basically the same things that drove up prices in 2008 and doing so now (and ultimately, it's the desire for short term profits not long term thinking that affects speculation).
    I take the opposite view of speculation. To have long sellers you must have short sellers and both are hedging their bets on what they think the market will bear out based on their information. IMO speculators are an indicator of future prices more than an actual factor, for instance if most people are selling long we could be in for some major problems, short sellers are looking to make money and get out quick meaning they see a drop in the foreseeable future.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  9. #49
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    Re: If McCain had won in '08, gas would cost...?

    Quote Originally Posted by LaMidRighter View Post
    I take the opposite view of speculation. To have long sellers you must have short sellers and both are hedging their bets on what they think the market will bear out based on their information. IMO speculators are an indicator of future prices more than an actual factor, for instance if most people are selling long we could be in for some major problems, short sellers are looking to make money and get out quick meaning they see a drop in the foreseeable future.
    But it's that interplay which is driving up the prices. It's basically the same **** we saw with mortgage bundles but with oil. The oil bubble burst the last time, too, but it went unnoticed because it coincided with teh general market downturn. It'll happen again.
    Tucker Case - Tard magnet.

  10. #50
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    Re: If McCain had won in '08, gas would cost...?

    Quote Originally Posted by Tucker Case View Post
    I have a different perspective on things. I think they seem to get more hands on to give the appearance that they are doing something about the prices when in truth they aren't really doing anything but putting on a show.

    When prices start rising, president's put on more of a show to hopefully cause people to say "Well, at least he's doing something about it!"

    It's all a dog and pony show, though.
    Yes, its for the people that don't and can't understand how things really work. They have to, essentially required, put on dog and pony show. When you have people on this thread that think that the Keystone pipeline will bring cheap oil to the US what are you going to do.

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