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Gas prices are highest ever for this time of year

obvious Child said:
This is incorrect. The oil industry will switch to alternatives as profit margins on oil decrease to where the point alternative provides more reliable and higher profits. We didn't run out of whales when the age of whale oil died. And oil is running out. It's just still highly profitable.
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Correct. When the big businesses start to change their business to where the money is to be made will be when we realize the change is happening.


obvious Child said:
How many cars sell 10k in their first year as a first model without any previous model?

Tally of Nissan LEAF and Chevy Volt Sales for 2011 | PluginCars.com
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The Ford Mustang sold 380,000 in its first year. More comparable to the time, I think the first year run of the Prius was about 6,000.

obvious Child said:
Solid numbers considering the price and the new factor. As for green bankruptcies, it has more to do with illegal dumping and government sponsorship then anything else. It makes sense what US producers who don't get free land, cheap labor, nearly free loans, unlimited lines of credit and relaxation of environmental laws like in China can compete with firms that do. When you have a country that frankly isn't playing fair, it's no wonder why you go under when you get no support.
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My thoughts on the green bankruptcies was that they banked on China's cost for raw materials going in up, but when the predicted shortage didn't occur, they went belly up. Again it points to the tech not being ready for prime time.

obvious Child said:
There isn't money to be made in that realm despite the government's best effort at subsidizing the sector. The tech just isn't ready for mass production and consumption.
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Couldn't agree more. The tech isn't ready for mass production and consumption.
 
obvious Child said:
Did anyone say "well" or "improved?"

Because you look foolish arguing that increasing demand for a product with a limited supply doesn't increase prices.
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Gas use has gone down since obama got here but gas prices have gone up, want to see a fool, look in the mirror.


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Wow, as the price goes up people consume less, who would have thunk it?
 
The President, any President, has very little to do with gas prices...prices are high because the big oil companies are greedy...they sell the majority of their product overseas at much higher prices so that keeps our prices high...in relative terms, our prices are low...in the UK, gas is about $10 a gallon...the real shame is that on top of record profits, we still give these companies Billions of dollars in subsidies...oh, and most of their product is sold tax free...
 
JasonI said:
The President, any President, has very little to do with gas prices...prices are high because the big oil companies are greedy...they sell the majority of their product overseas at much higher prices so that keeps our prices high...in relative terms, our prices are low...in the UK, gas is about $10 a gallon...the real shame is that on top of record profits, we still give these companies Billions of dollars in subsidies...oh, and most of their product is sold tax free...
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Every state and most municipalities tax gasoline at the pump.. So does the Federal Government.
 
sharon said:
Every state and most municipalities tax gasoline at the pump.. So does the Federal Government.
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True, but U.S. gas taxes are far lower than they are in, e.g. Europe.
 
AdamT said:
If you don't think the US economy, and world economy is better now than it was in '08/09, you really are delusional.
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Pretty much all economies are far further in debt. I'm not one to call that better.
 
JasonI said:
The President, any President, has very little to do with gas prices...prices are high because the big oil companies are greedy...they sell the majority of their product overseas at much higher prices so that keeps our prices high...in relative terms, our prices are low...in the UK, gas is about $10 a gallon...the real shame is that on top of record profits, we still give these companies Billions of dollars in subsidies...oh, and most of their product is sold tax free...
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Gas is so expensive in other places because of very high taxes.
 
Sheik Yerbuti said:
Yet more evidence that it's the gas companies ripping us off that is responsible for the high prices, and not Obama's policies.
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It's not "ripping us off" at all. Not when the price is posted right out there in plain sight and we pay for precisely however much we voluntarily pump into our vehicles. A rip off would be like being charged for 10 gallons when you only pump 8.
 
Erod said:
The vast majority of our oil comes from Canada and elsewhere. Iran has been in this state for over a decade.

I wonder if Obama, privately, loves this. The enviros want us all peddling bikes anyway.
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Yes... that exactly what environmentalist want....

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Erod said:
The vast majority of our oil comes from Canada and elsewhere. Iran has been in this state for over a decade.

I wonder if Obama, privately, loves this. The enviros want us all peddling bikes anyway.
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No, punk, we want you to walk. :lol: :lol:
 
Neomalthusian said:
It's not "ripping us off" at all. Not when the price is posted right out there in plain sight and we pay for precisely however much we voluntarily pump into our vehicles. A rip off would be like being charged for 10 gallons when you only pump 8.
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Perhaps "price gouging" is a better word.

Ultimately, it may be a good thing. If they want to price themselves straight out of the energy business, that's their prerogative. Excuse me while I check on prices for EVs.
 
1Perry said:
There are no justifications for that but it pretty much mirrors much of the markets.
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With a national average of $3 and change for a gallon of gas, in which markets does $6 per gallon mirror?
 
Sheik Yerbuti said:
With a national average of $3 and change for a gallon of gas, in which markets does $6 per gallon mirror?
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Sorry, I was speaking about the markets in general. Perception now trumps fundementals.
 
Erod said:
News Headlines



I just don't get it.

You build a a new refinery or two, which will directly and indirectly create hundreds of thousands of jobs, and you drive the price down on gasoline, groceries, travel, and everything else. You run that pipleline and you pick up our on- and off-shore drilling production, too

Basically, Obama has extended the social security tax cut so people get to keep another $40 per month, then gas prices spiral upward so all that and more goes back into the gas tank. What is the point?

Why we let this go on, while other countries simply pick up the slack and gouge us on the back end, is completely beyond me.

But I guess the Jedi global-warming mind tricks always work on the weak minded, eh Obi Wan?
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No you don't get it at all. First of all gasoline consumption is DOWN in this country and as a result we are EXPORTING gasoline at the rate of 400,000 barrels a day. How would building a refinery help when we already have so much "excess" capacity? The President does not control gas prices, the speculators do. Even if we produced all our own oil we sould still pay the same speculation inflated price.
That said I wouldn't be surprised if Obama opens up the strategic oil reserves to head off a spike in gasoline and heating oil just before the election. Clinton had to do it when he was facing re-election. Oil companies like to screw around with voters to give their chosen candidate a hand and Obama will need to call their bluff.
 
iguanaman said:
No you don't get it at all. First of all gasoline consumption is DOWN in this country and as a result we are EXPORTING gasoline at the rate of 400,000 barrels a day. How would building a refinery help when we already have so much "excess" capacity? The President does not control gas prices, the speculators do. Even if we produced all our own oil we sould still pay the same speculation inflated price.
That said I wouldn't be surprised if Obama opens up the strategic oil reserves to head off a spike in gasoline and heating oil just before the election. Clinton had to do it when he was facing re-election. Oil companies like to screw around with voters to give their chosen candidate a hand and Obama will need to call their bluff.
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I agree that obama will open up the strategic reserves in a purely political move but I would be interested to know how you think oil company's can control the price of oil.
 
iguanaman said:
[...] Oil companies like to screw around with voters to give their chosen candidate a hand [...]
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Pay no attention to that man behind the curtain! ;)


 
sawyerloggingon said:
I agree that obama will open up the strategic reserves in a purely political move but I would be interested to know how you think oil company's can control the price of oil.
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Well duh... whoever controls the flow oil controls the price of oil :doh

However, manipulation of the commodities markets probably works as well as throttling back supply.
 
Since the Kerry worshippers blamed Bush for oil prices several years ago I guess its only fair to bash obama over these (up 25c in one day here in Cincinnati) climbing gasoline prices
 
TurtleDude said:
Since the Kerry worshippers blamed Bush for oil prices several years ago I guess its only fair to bash obama over these (up 25c in one day here in Cincinnati) climbing gasoline prices
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It's funny how that works when the fuel in the ground didn't cost them any more than when it was 25 cents cheaper.
 
Its a massive market speculation that is pressing oil up. 64% of all oil sold last month was sold to speculators while the rest was sold to consumer orientated companies according to Commodity Futures Trading Commission.
 
PeteEU said:
Its a massive market speculation that is pressing oil up. 64% of all oil sold last month was sold to speculators while the rest was sold to consumer orientated companies according to Commodity Futures Trading Commission.
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But I've been told that over and over that this 64% does add to the costs.
 
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