HOW Stupid ."increasing domestic production will not lower gas price

Discussion in 'Energy' started by healthmyths, Mar 31, 2012.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    F..king IDIOTS!!!
    Read what supposedly economic experts say about why increasing domestic production WON"T have an affect on gas prices... THEN use some common sense which these IDIOTS HAVE NONE!!!

    Doug Holtz-Eakin, American Action Forum: “Domestic action to increase production will not lower gas prices set on a global market.”

    Pinelopi Goldberg, Yale economist: “US domestic policy has only tiny effect on the world price of oil. US foreign policy is probably more relevant than energy policy.”

    Michael Levi, Council on Foreign Relations: “The amount of oil you produce at home doesn’t affect the price … You can lower your vulnerability to price by lowering your consumption of oil, but not by increasing your production.”

    20 Experts Who Say Drilling Won't Lower Gas Prices | ThinkProgress


    First of all the first guy showed his stupidity by saying..
    "not lower gas prices set on a global market.”"
    IDIOT doesn't seem to realize "GAS PRICES are set locally!" i.e. states with oil production AND refineries WILL BE LOWER by shear fact of proximity! IDIOT!

    But that aside... THINK folks...

    Assume there was a BIG bucket in your back yard.
    HOLDS all the gas in the world.
    Who determines the price when you want to sell some? YOU DO you own it!
    NOW assume there were 10,000 buckets .. i.e. gas stations around the world?
    WHO owns the gas in each station?? THE OWNER but they have to sell it cause
    WHY??? THEY ARE GETTING gas every day and they NEED to move the gas to make room for more gas!

    SO for these idiot economists to say increasing production has NO affect????
    Tell that to the gas station retailers that have to move the gas OR go out of business!
    MORE GAS coming in means they have to move more gas!
    MOVE MORE GAS by selling it for LESS... IDIOTS like the above are so OUT of touch!
     
  2. SniperFire
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    SniperFire Senior Member

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    This is certainly a complicated topic when it comes to suppy, demand and production.

    Suffice to say that when a POTUS feels the heat, their first instinct is to open up the strategic fuel reserves and increase supply on the market to lower pump price.

    An oversupply lowers prices. Period.
     
  3. Katzndogz
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    Katzndogz Diamond Member

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    This is a basic belief of democrats.
     
  4. hortysir
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    hortysir In Memorial of 47

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    Considering we only produce 2% of the world's oil, but consume 25% of the world's supply, I'd say we'd have to realize a considerable increase of production in order to make a dent in the world market.

    I do have a question, though:
    Is that 2% enough to supply just our selves if we were to just zip up and try to be self-sufficient?
     
  5. rdean
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    rdean rddean

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    "increasing domestic production will not lower gas price

    Sure it will. The problem is we are not Arabia, Iraq or Iran. We don't have enough oil to make a difference. Right wingers think there is oil under the ground everywhere, exactly where God put it, but that liberals stand in the way of taking it out of the ground.
     
  6. Seawytch
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    Seawytch Information isnt Advocacy

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  7. HereWeGoAgain
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    HereWeGoAgain Platinum Member

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    How come releasing oil from the strategic supply(which is miniscule) will bring down prices but drilling wont?
     
  8. Seawytch
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    Seawytch Information isnt Advocacy

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    You know...I'd at least like to see us try. We aren't even taking baby steps towards self-sufficiency. Other countries are taking huge leaping steps ahead of us on that scale...

    Germany is selling energy to France for crying out loud.
     
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  9. SniperFire
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    SniperFire Senior Member

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    If we produce only 2% of the world's oil and consume 25%, how can we supply about half of our own use?
     
  10. Seawytch
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    Seawytch Information isnt Advocacy

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    Are you confusing oil with refined gas? Do you have a link?
     

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