Government can't do anything about gas prices? Then how did Bush lower it in 2008?

[editec]

Why are we not talking about the Vast Natural Gas Deposits just opened up by new Technology right here in are own back yard. 100 Years worth they say in this one find. Why are we not converting more Vehicles to burning natural gas? What is the road block? Cleaner burning than Gas, and Abundant here at home.

Whats not to like?

Hell? Hydogen is another venue...

Is it?

Where do we drill for hydrogen?

Oh?

We make it from water, do we? My mistake

Okay...how much energy does it take to break H2O into hydrogen and oxygen?

The problem is that the energy you get back in the hydrogen is less than the energy it took to make it.

Hydrogen isn't a solution to the energy crises. It cost more energy to create it than it gives back.

Hyydrogen only serves to help us deal with the pollution problem.

If we could find *FREE ENERGY to capture hydrogen, THEN it would be a viable non-polluting energy STOREHOUSE (not source).

* Iceland experimented with using geothermal energy (basically free energy) to make hydrogen for its cars.

 

[ClosedCaption]

Govt should do something that is not in the constitution? Interesting.

 

[Toro]

Gold & Silver peaked 3 days after Oil took the plunge. Wheat & Grains prices are mostly affected by weather, so trying to pin a cause & effect on a grain price peak is useless. Oil lead the precious metals lower in 2008.

Yes, I'm sure you're right. (I'm away from my Bloomberg.) But the OP is not why WTI fell from $147 to $32. It may have been why oil went from $147 to $127. But the collapse happened because of an implosion in asset prices caused by debt deflation.

 

[ClosedCaption]

Oil companies have so many excuses why oil raises and lowers that they should say "cause we said so"

 

[Uncensored2008]

but back to it how again do you say unions are the same as a criminal like Capone ? a little proof with you name calling please .

I already explained this, try and follow along.

Since public unions bribe politicians who set the wages and benefits of the union members, public employee unions are literally a criminal conspiracy.

do you like the 40 hour week or prefer you employer have that say ?

I'm an executive, I work 70+ hours a week.

I know work comp is a bag of shit and when they show you the people cart and identify your limbs like cuts of meat . but at least we have something , not a teabagger telling you be happy you had a job

When has a homosexual ever told you to be happy you have a job?

holidays ? like them ? a minimum wages not what ever your boss want to pay you , thats good right ?

Minimum wage is one of the biggest disasters ever to befall the American worker. 40 years ago, kids could make money with paper routes and mowing lawns. Not anymore, minimum wage has slammed that door and dead bolted it. Inner-city black youth have been almost entirely shut out of the job market. A 40 year old illegal alien is more reliable than a 16 year old - big surprise. But since the wage is the same, the illegal gets the job every time.

The fascist democrat answer is they can sell crack, right?

BTW, I have nothing against unions. Workers VOLUNTARILY forming unions. Unions are the natural counter-balance to corporations.

BUT both corporations and unions become hideous and criminal when government is involved. Whether a corporation joined as Kaiser is under fascist care, or the criminal conspiracy of SUEI, government is a corrupting factor.

Public employees simply cannot unionize, it is a conflict of the basic premise of public service - as the pigs at the trough clearly show.

 

[Uncensored2008]

Oil production has nothing to do with the current rising gas prices. It's due to the manipulation of the commodities market on Wall Street. It's the same thing that happened back in 2008.

Commodities futures speculate on the level of production in the near future. So you're saying that increasing production won't affect the predicted levels of production?

Are you sure you've thought this through? (Or that the KOS kiddies have!)

 

[Cuyo]

Oil production has nothing to do with the current rising gas prices. It's due to the manipulation of the commodities market on Wall Street. It's the same thing that happened back in 2008.

Commodities futures speculate on the level of production in the near future. So you're saying that increasing production won't affect the predicted levels of production?

Are you sure you've thought this through? (Or that the KOS kiddies have!)

It's far more complicated than that, but the short answer is 'No.' If we increase production, OPEC will just cut production. FYI, there's probably nothing OPEC nations would like more than to see us squander our meager reserves for temporary price relief. You think they own your ass now? Wait till we cut our reserves from 2% to 0.5% or 0% recoverable.

Of course the oil companies (and that major political party they own) would love to increase production despite prices remaining high, because it goes on the global market. No better time than at record prices to manipulate domestic supply.

The only way to lower prices is to reduce consumption, period. In fact with much of the world industrializing in conjunction with reserves being depeleted (this stuff is finite, ya know), we probably have to curb consumption just to tread water.

One day god willing, we'll find a better way to make things 'Go' than burning Petro products in an ICE, and oil prices will enter terminal decline. Today ain't that day. Tomorrow doesn't look good either.

 

[Spoonman]

Oil production has nothing to do with the current rising gas prices. It's due to the manipulation of the commodities market on Wall Street. It's the same thing that happened back in 2008.

Commodities futures speculate on the level of production in the near future. So you're saying that increasing production won't affect the predicted levels of production?

Are you sure you've thought this through? (Or that the KOS kiddies have!)

It's far more complicated than that, but the short answer is 'No.' If we increase production, OPEC will just cut production. FYI, there's probably nothing OPEC nations would like more than to see us squander our meager reserves for temporary price relief. You think they own your ass now? Wait till we cut our reserves from 2% to 0.5% or 0% recoverable.

Of course the oil companies (and that major political party they own) would love to increase production despite prices remaining high, because it goes on the global market. No better time than at record prices to manipulate domestic supply.

The only way to lower prices is to reduce consumption, period. In fact with much of the world industrializing in conjunction with reserves being depeleted (this stuff is finite, ya know), we probably have to curb consumption just to tread water.

One day god willing, we'll find a better way to make things 'Go' than burning Petro products in an ICE, and oil prices will enter terminal decline. Today ain't that day. Tomorrow doesn't look good either.

exactly, which is what happened in 2008. gas got so high people stopped driving. the economy crashed and people stopped buying, which meant there was less demand to transport inventories to stores. manufacturing slowed. bottom line our oil demand tanked. it did globally. and what happened? prices plummeted. in fact these opec countries were feeling the pinch for the first time ever. it effected their economies greatly.

 

[Uncensored2008]

Obama did all that by himself?

The complicity of the fascist party in general doesn't change the fact that Obama was and is the leader of the program. Nationalizing GM IS the responsibility of Obama.

 

[Uncensored2008]

It's far more complicated than that, but the short answer is 'No.' If we increase production, OPEC will just cut production.

This isn't 1973. OPEC is irrelevant.

The majority of our imported oil comes from Canada, right behind Canada is Mexico. Opec is way down the ladder.

Despite the rhetoric of small minded people, it is not in the interest of either country to tank the US economy. The fact is -FACT, that both are third world countries enjoying first worlds success on the merit of riding the coattails of the US economy.

Further more, what is manipulated are options on future production. This is gambling, pure and simple. Disrupt the illusion of predicted shortage and the Ponzi scheme falls.

 

[bripat9643]

exactly, which is what happened in 2008. gas got so high people stopped driving. the economy crashed and people stopped buying, which meant there was less demand to transport inventories to stores. manufacturing slowed. bottom line our oil demand tanked. it did globally. and what happened? prices plummeted. in fact these opec countries were feeling the pinch for the first time ever. it effected their economies greatly.

The only problem with your theory is that the price of oil tanked before the economy tanked.

That's what happens when morons think they know how the world works.

You need to quit paying attention to those fascists at DailyKOS and Huffington Post.

 

[Toro]

Oil production has nothing to do with the current rising gas prices. It's due to the manipulation of the commodities market on Wall Street. It's the same thing that happened back in 2008.

Commodities futures speculate on the level of production in the near future. So you're saying that increasing production won't affect the predicted levels of production?

Are you sure you've thought this through? (Or that the KOS kiddies have!)

Right. In the near future. Like 3 or 6 months from now. Maybe a few brave traders look out 12 months.

I do disagree with Modbert saying supply and demand have nothing to do with it. Supply and demand are always important. But sometimes they are less important than others. And there was a lot of spculation in 2008.

 

[Spoonman]

exactly, which is what happened in 2008. gas got so high people stopped driving. the economy crashed and people stopped buying, which meant there was less demand to transport inventories to stores. manufacturing slowed. bottom line our oil demand tanked. it did globally. and what happened? prices plummeted. in fact these opec countries were feeling the pinch for the first time ever. it effected their economies greatly.

The only problem with your theory is that the price of oil tanked before the economy tanked.

That's what happens when morons think they know how the world works.

You need to quit paying attention to those fascists at DailyKOS and Huffington Post.

i think you need to check your facts there

 

[Spoonman]

exactly, which is what happened in 2008. gas got so high people stopped driving. the economy crashed and people stopped buying, which meant there was less demand to transport inventories to stores. manufacturing slowed. bottom line our oil demand tanked. it did globally. and what happened? prices plummeted. in fact these opec countries were feeling the pinch for the first time ever. it effected their economies greatly.

The only problem with your theory is that the price of oil tanked before the economy tanked.

That's what happens when morons think they know how the world works.

You need to quit paying attention to those fascists at DailyKOS and Huffington Post.

the economy started to sour in 2007. it was the major downturn in the economy in the late spring of 2008 that changed the focus of the campaign from iraq to the economy and that is what gave obama the edge. then oil prices started to drop

 

[bripat9643]

the economy started to sour in 2007. it was the major downturn in the economy in the late spring of 2008 that changed the focus of the campaign from iraq to the economy and that is what gave obama the edge. then oil prices started to drop

The price of oil peaked in June of 2008. The unemployment rate at that time was 5.5%. Anyone who claims unemployment caused the price of oil to crash is barking at the moon.

 

[NYcarbineer]

U.S. 2008 oil demand to drop most since 1980: EIA

WASHINGTON | Wed Nov 12, 2008 1:53pm EST

WASHINGTON (Reuters) - The weak U.S. economy will slash America's oil demand this year by 1.1 million barrels per day, or 5.4 percent, the first time annual oil consumption will fall by more than 1 million bpd since 1980, the federal Energy information Administration said on Wednesday.

U.S. 2008 oil demand to drop most since 1980: EIA | Reuters

In case some of you missed it.

 

[Uncensored2008]

Right. In the near future. Like 3 or 6 months from now. Maybe a few brave traders look out 12 months.

The options bought are binding, so if a glut of oil causes the market price to be less than what the gamblers bet it would be, then they take it in the shorts. (Which makes me smile!)

I do disagree with Modbert saying supply and demand have nothing to do with it. Supply and demand are always important. But sometimes they are less important than others. And there was a lot of spculation in 2008.

Yes there was. The current speculation is a bubble, the price is inflated based on the fact that the price is inflated. Everyone is betting that they can sell futures tomorrow for more than today. A decline of even a dollar a barrel will cause the bottom to fall out, the bubble to burst.

 

[sinister59]

Oil production has nothing to do with the current rising gas prices. It's due to the manipulation of the commodities market on Wall Street. It's the same thing that happened back in 2008.

Commodities futures speculate on the level of production in the near future. So you're saying that increasing production won't affect the predicted levels of production?

Are you sure you've thought this through? (Or that the KOS kiddies have!)

speculation is the same as gambling ,
house allways gets a cut win or lose
oil dusent mater if they are jumping more the speculation will dictate price , same with all comatities , production dosen't mater , I thought it did but was told it dosen't .

troble in Libya didnt effect oil production and shipping throur a bit but it did on the speculation and that translates to pices we pay at the pump .

 

[Spoonman]

the economy started to sour in 2007. it was the major downturn in the economy in the late spring of 2008 that changed the focus of the campaign from iraq to the economy and that is what gave obama the edge. then oil prices started to drop

The price of oil peaked in June of 2008. The unemployment rate at that time was 5.5%. Anyone who claims unemployment caused the price of oil to crash is barking at the moon.

yea, yea yea, but the foreclosures had already started, sales were already of. companies waited for the holiday season to see if sales would rebound before the mass layoffs started. they didn't so they laid people off. people stopped buying before the layoffs. do i have to teach you every thing? Read, no comprehend. Rising oil caused the economy to tank. the crashing economy - people not spending, driving, flying, slowing manufacturing is what caused oil prices to drop. bark at this moon you looney dipshit.

 

[sinister59]

if we stop useing so much oil the price mite fall,

st. louis has just opened up a first bike garage , complete with showers lockers and secure bike storage . we have bike lanes all over .
of course the gas prices were 4 and 5 dollars a gallon and not driving closed hundred's of small business . across the country , but their not the to lose their employment .

but we need to drill drill drill , I'm old and don't want to pull in my belt or anything else for your kids . drill off shore drill on shoer , pump what ever you need into the grown to free up natural gas .

more coherent now guys . .