Gas went from 3.61 to 3.99 withing minutes.

[Vast LWC]

Except that demand hasn't been going down. While domestic demand has declined, total demand has increased.

And total production has increased even more.

There's currently an over supply, so it's not supply and demand that's causing this.

 

[Dick Tuck]

Is it in our National interest to tax the shit out of people buying and selling energy futures, with no intent of delivering or accepting delivery?

 

[Vast LWC]

The choke point is at the refinery.

And refineries have been closing down left and right all over the US.

Which means that we have to export the oil we can't refine, and then import the refined products.

Which then drives up the price of oil, and since Oil companies invest in their own futures through Dark Markets, via the Enron loophole, they get paid twice.

 

[Vast LWC]

Is it in our National interest to tax the shit out of people buying and selling energy futures, with no intent of delivering or accepting delivery?

Yes, yes, I believe it is.

 

[Seawytch]

And how are oil company profits doing?

 

[ClosedCaption]

It's a sad thing... I remember when gas was 29 cents a gallon.

I remember paying 33 cents a gallon you old fart.

Holy crap you guys are old :evillaugh:

 

[bigrebnc1775]

The choke point is at the refinery.

And refineries have been closing down left and right all over the US.

Which means that we have to export the oil we can't refine, and then import the refined products.

Which then drives up the price of oil, and since Oil companies invest in their own futures through Dark Markets, via the Enron loophole, they get paid twice.

Not much of a choke point when demand is down.

 

[bigrebnc1775]

And how are oil company profits doing?

How much has obama bailed out his corporate buddies?

 

[Vast LWC]

The choke point is at the refinery.

And refineries have been closing down left and right all over the US.

Which means that we have to export the oil we can't refine, and then import the refined products.

Which then drives up the price of oil, and since Oil companies invest in their own futures through Dark Markets, via the Enron loophole, they get paid twice.

Not much of a choke point when demand is down.

It is a choke point, because refining capacity is now even lower than the current (low) demand.

If demand rises again, we're all seriously fucked.

 

[Vast LWC]

Of course, if people REALLY want the president to lower the price of gas...

We could build a series of national public-run refineries.

Of course, that would really piss some people off I'm thinking.

 

[bugs]

paid $3.92 this Morning.. now it's $3.99.9 AGAIN.. why not just go to $4.25 and get on with it? we all KNOW it's coming..

 

[The T]

And how are oil company profits doing?

NOT as good as those gubmint gets from the same product through taxation...

 

[snakedoc]

A station near me was $ 3.73 yesterday afternoon $ 3.83 this morning I wouldn't be surprised if it's $ 4.00 dollars by Friday if prices stay this high or higher this will be a major problem for Obama.

 

[bugs]

A station near me was $ 3.73 yesterday afternoon $ 3.83 this morning I wouldn't be surprised if it's $ 4.00 dollars by Friday if prices stay this high or higher this will be a major problem for Obama.

Obumba can't do anything about it!

 

[The T]

A station near me was $ 3.73 yesterday afternoon $ 3.83 this morning I wouldn't be surprised if it's $ 4.00 dollars by Friday if prices stay this high or higher this will be a major problem for Obama.

And WE are just starting Spring Break...just wait untilo Summer gets here...

 

[Too Tall]

The choke point is at the refinery.

And refineries have been closing down left and right all over the US.

Which means that we have to export the oil we can't refine, and then import the refined products.

Which then drives up the price of oil, and since Oil companies invest in their own futures through Dark Markets, via the Enron loophole, they get paid twice.

Not much of a choke point when demand is down.

It is a choke point, because refining capacity is now even lower than the current (low) demand.

If demand rises again, we're all seriously fucked.

When summer vacation time comes demand will seriously rise this year as it does every year.

 

[Too Tall]

Of course, if people REALLY want the president to lower the price of gas...

We could build a series of national public-run refineries.

Of course, that would really piss some people off I'm thinking.

I wonder if public-run government owned refineries would be as well run as the Post Office.

 

[bigrebnc1775]

The choke point is at the refinery.

And refineries have been closing down left and right all over the US.

Which means that we have to export the oil we can't refine, and then import the refined products.

Which then drives up the price of oil, and since Oil companies invest in their own futures through Dark Markets, via the Enron loophole, they get paid twice.

Not much of a choke point when demand is down.

It is a choke point, because refining capacity is now even lower than the current (low) demand.

If demand rises again, we're all seriously fucked.

When demand is low not much oil is flowing to those choke points, there for no choke point or nothing noticeable.

 

[Big Fitz]

The choke point is at the refinery.

And refineries have been closing down left and right all over the US.

Which means that we have to export the oil we can't refine, and then import the refined products.

Which then drives up the price of oil, and since Oil companies invest in their own futures through Dark Markets, via the Enron loophole, they get paid twice.

Because it's unprofitable to maintain old ones, or build new ones. Make less expensive to build new ones, the choke point goes away or at least gets less of a choke. Decrease gas formulations to under 10 instead of the near 40 that currently exist (IIRC) more production can go into fewer blends instead of being split into boutique blends.

Many things can be done to alleviate this stress... but this admin will not do it. In fact, they will go out of their way to make it worse.

 

[Big Fitz]

And how are oil company profits doing?

Not as good as government tax profits which are about 3 to 5 times that of all companies in the US selling gas.