$5 GAS BY MEMORIAL DAY: So how many think that the voters will forgive this

[uscitizen]

Demand for Gas dropped 3% in the USA recently.

 

[Mr. H.]

Demand for Gas dropped 3% in the USA recently.

And oil prices recently fell 3%.

 

[JiggsCasey]

Demand for Gas dropped 3% in the USA recently.

And oil prices recently fell 3%.

When? The IMF just told the world otherwise.

 

[Flopper]

administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?

Spikes in gas prices rarely last more than a year. Most spikes play out in 4 to 6 months.

Not that voters would understand or care, but drilling wells in the US would have little impact on the price gas unless we drilled a lot of them. A barrel of oil produced in the US will sell at approximately the same price as oil produced elsewhere, adjusted for transpiration, taxes and fees. For the US to seriously lower oil prices we would have to produce enough oil so we could increase supply enough to lower world oil prices. Even then the decision to increase supply would rest with the individual producers, not the government.

 

[JiggsCasey]

For the US to seriously lower oil prices we would have to produce enough oil so we could increase supply enough to lower world oil prices. Even then the decision to increase supply would rest with the individual producers, not the government.

Finally, someone gets it.

And produce enough to not only meet new global demand, but enough to ALSO offset existing capacity that is rapidly dying.

What we have left here is a drop in the bucket, far more expensive that we're used to, environmentally risky, and won't make a bit of difference in global price points.

 

[Zona]

The higher the better, cause the higer it is the better the chance he's a one term asswipe.

So are you finally saying it? Are you saying Obama will be a one and done guy?

Say it...say it.....

YOu cant. Thats why all these type threads are useless.

We win again in 2012!

 

[Baruch Menachem]

There seems to be no real threat to the house of Saud, or to the Iranian kleptocrats. Until they start getting restless, $5 oil is paranoid fantasy.

Khadaffi seems to be getting control back. He has a huge bank account. He can shut things down from spite and still keep things going there. Prices go up high enough, folks will become rational again.

 

[Jroc]

administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?

Spikes in gas prices rarely last more than a year. Most spikes play out in 4 to 6 months.

Not that voters would understand or care, but drilling wells in the US would have little impact on the price gas unless we drilled a lot of them. A barrel of oil produced in the US will sell at approximately the same price as oil produced elsewhere, adjusted for transpiration, taxes and fees. For the US to seriously lower oil prices we would have to produce enough oil so we could increase supply enough to lower world oil prices. Even then the decision to increase supply would rest with the individual producers, not the government.

umm... Natural gas and Coal also facture into it, we need to use all our resources. Gas prices plummeted after Bush annouced expanded oil drilling in 08. What happend?

 

[xsited1]

administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?

As long as I get my government cheese, all is forgiven.

 

[bigrebnc1775]

So who is feeding the unrest in north africa to boost profits?

George Soros

Soros Derangement Syndrome

sadly you are just a puppet

 

[Flopper]

administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?

Spikes in gas prices rarely last more than a year. Most spikes play out in 4 to 6 months.

Not that voters would understand or care, but drilling wells in the US would have little impact on the price gas unless we drilled a lot of them. A barrel of oil produced in the US will sell at approximately the same price as oil produced elsewhere, adjusted for transpiration, taxes and fees. For the US to seriously lower oil prices we would have to produce enough oil so we could increase supply enough to lower world oil prices. Even then the decision to increase supply would rest with the individual producers, not the government.

umm... Natural gas and Coal also facture into it, we need to use all our resources. Gas prices plummeted after Bush annouced expanded oil drilling in 08. What happend?

By the summer of 2008, speculators had bid the price of oil up $147/barrel. Crude oil was way overpriced in relation to demand. It wasn’t an announcement of increased drilling that brought prices down. The great recession which started several months earlier made it’s present known in unmistaken events in Sept of 2008.

Unemployment rate in the United States rises to its highest level since December 2003

GMAC announces downsizing it’s business with 5,000 job cuts.

US government plans to take control of Fannie Mae and Freddie Mac in a takeover plan.

Washington Mutual, the largest savings and loan in the United States, ousts Chief Executive as a result of losses

The American International Group seeks an emergency $40 billion loan from the United States Federal Reserve

The United States Federal Reserve announces several initiatives to expand emergency lending to combat the crisis

Lehman Brothers files for Chapter 11 bankruptcy

The Dow Jones industrial average falls by over 500 points

United States Federal Reserve agrees to lend the American International Group $85 billion

Dow Jones Industrial Average falls by 440 points

Trading is suspended for the second day in succession on Russia's two main stock exchanges

Russia's government lends the country's three biggest banks 1.13 trillion rubles

The U.S. Securities and Exchange Commission and United Kingdom Financial Services Authority take emergency action to temporarily ban short-selling of financial companies stock.

The United States Department of the Treasury guarantees money market mutual funds up to an amount of $50 billion

Bush administration asks the United States Congress for $700 billion to buy mortgage-related assets

Goldman Sachs and Morgan Stanley, the two last remaining independent investment banks on Wall Street, become bank holding companies as a result of the subprime mortgage crisis

The Dow Jones Industrial Average falls by 370 points

President Bush invites Senator McCain, Senator Barack Obama the Democratic Partyand leaders of the United States Congress to a meeting at the White House tomorrow to discuss the crisis.

Oil Prices plummet in anticipation of world wide cut in demand due to the economic crisis

 

[Article 15]

Thank You Crybaby Boner.
Gas is up more than a dollar since the GOP took over the House!!!!

How much is it up since your 0ssiah took office?

A lot.

It's almost like oil prices plummeted for some strange reason just before Obama took office.

Oh wait. They did.

Care to explain what was going on in the world's economy in the last quarter of 2008?

 

[uscitizen]

Demand for Gas dropped 3% in the USA recently.

And oil prices recently fell 3%.

And the price of gas went up again around here yesterday.

 

[edthecynic]

administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?

Spikes in gas prices rarely last more than a year. Most spikes play out in 4 to 6 months.

Not that voters would understand or care, but drilling wells in the US would have little impact on the price gas unless we drilled a lot of them. A barrel of oil produced in the US will sell at approximately the same price as oil produced elsewhere, adjusted for transpiration, taxes and fees. For the US to seriously lower oil prices we would have to produce enough oil so we could increase supply enough to lower world oil prices. Even then the decision to increase supply would rest with the individual producers, not the government.

umm... Natural gas and Coal also facture into it, we need to use all our resources. Gas prices plummeted after Bush annouced expanded oil drilling in 08. What happend?

Actually, the price of oil was falling BEFORE Bush made his announcement, but CON$ never let the facts get in the way of their spin.

 

[bigrebnc1775]

I have warned you people that prices would keep going up and that people would not be able to afford the price of food. People joked about it.

$4.44 a gallon? Seriously? | Blogging.la

 

[editec]

administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?

@While I agree that this is a problem, I of course cannot agree with you that the problem can be laid at the current POTUS's feet.

If anything I'm blaming CHEYNEY, but I think the majority of the problem is market driven, not politically driven.

Yeah that's right, the market, not politics is at the heart of this problem.

 

[bigrebnc1775]

administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?

@While I agree that this is a problem, I of course cannot agree with you that the problem can be laid at the current POTUS's feet.

If anything I'm blaming CHEYNEY, but I think the majority of the problem is market driven, not politically driven.

Yeah that's right, the market, not politics is at the heart of this problem.

Yes it can be laid at the feet of the current president.
When Bush lifted the offshore drilling ban what happen to gas prices? Was it a dream or did they start to drop?

 

[edthecynic]

administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?

@While I agree that this is a problem, I of course cannot agree with you that the problem can be laid at the current POTUS's feet.

If anything I'm blaming CHEYNEY, but I think the majority of the problem is market driven, not politically driven.

Yeah that's right, the market, not politics is at the heart of this problem.

Yes it can be laid at the feet of the current president.
When Bush lifted the offshore drilling ban what happen to gas prices? Was it a dream or did they start to drop?

Oil started to drop BEFORE Bush lifted the ban, which did not produce a single additional drop of oil, so yes it was a complete fantasy.

Again, none of the new oil found by the oil monopoly ever goes on the market. The new wells are capped. Remember the BP Deepwater Horizon well? A huge oil find was made, but was the oil put on the market? No, the well was capped. The capping was bad and it exploded and it was recapped. Still to this day the well is not producing any oil to put on the market.

The only increase in oil production that ends up on the market is coming from small INDEPENDENT oil companies leasing private land. The way you get more oil on the market is to threaten to nationalize all CAPPED wells and lease them to the independents. If that happens, you can be sure BP and the others will immediately tap their capped wells and put the oil on the market rather than lose them.

 

[bigrebnc1775]

@While I agree that this is a problem, I of course cannot agree with you that the problem can be laid at the current POTUS's feet.

If anything I'm blaming CHEYNEY, but I think the majority of the problem is market driven, not politically driven.

Yeah that's right, the market, not politics is at the heart of this problem.

Yes it can be laid at the feet of the current president.
When Bush lifted the offshore drilling ban what happen to gas prices? Was it a dream or did they start to drop?

Oil started to drop BEFORE Bush lifted the ban, which did not produce a single additional drop of oil, so yes it was a complete fantasy.

Again, none of the new oil found by the oil monopoly ever goes on the market. The new wells are capped. Remember the BP Deepwater Horizon well? A huge oil find was made, but was the oil put on the market? No, the well was capped. The capping was bad and it exploded and it was recapped. Still to this day the well is not producing any oil to put on the market.

The only increase in oil production that ends up on the market is coming from small INDEPENDENT oil companies leasing private land. The way you get more oil on the market is to threaten to nationalize all CAPPED wells and lease them to the independents. If that happens, you can be sure BP and the others will immediately tap their capped wells and put the oil on the market rather than lose them.

Oil started to drop BEFORE Bush lifted the ban, which did not produce a single additional drop of oil, so yes it was a complete fantasy.

Give a valid credible source.

 

[edthecynic]

Yes it can be laid at the feet of the current president.
When Bush lifted the offshore drilling ban what happen to gas prices? Was it a dream or did they start to drop?

Oil started to drop BEFORE Bush lifted the ban, which did not produce a single additional drop of oil, so yes it was a complete fantasy.

Again, none of the new oil found by the oil monopoly ever goes on the market. The new wells are capped. Remember the BP Deepwater Horizon well? A huge oil find was made, but was the oil put on the market? No, the well was capped. The capping was bad and it exploded and it was recapped. Still to this day the well is not producing any oil to put on the market.

The only increase in oil production that ends up on the market is coming from small INDEPENDENT oil companies leasing private land. The way you get more oil on the market is to threaten to nationalize all CAPPED wells and lease them to the independents. If that happens, you can be sure BP and the others will immediately tap their capped wells and put the oil on the market rather than lose them.

Oil started to drop BEFORE Bush lifted the ban, which did not produce a single additional drop of oil, so yes it was a complete fantasy.

Give a valid credible source.

You gave no "valid credible source" for your Bush crap, so:
'That which can be asserted without evidence can also be dismissed without evidence.'
- Christopher Hitchens

Please show with a "valid credible source" how Bush's decree put more oil on the market in time to drive down oil prices.