Keystone Equals Higher Prices At The Pump

Discussion in 'Energy' started by Star, May 4, 2012.

  1. Star
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    Star Gold Member

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    When it comes to the fungible oil market, Adam Smith's invisible hand is attached to a limp wrist.


    Obama keeps giving permission for drilling more and more oil, so how is it that, US supply is up, US demand is down but-----but the price of gasoline continues to be high at the pump?


    Drilling is not a bad idea; just don't expect miracles at the pump. In fact, with a lot of drilling, count on pain at the pump. Take a look at these prices! (Find out why.)

    [​IMG]

    This Is Not an Accident — When Drilling is Up, Price is Up.


    The two times (early 1980's and now) when drilling has set records, the price of gas has gone through the roof. When drilling was at it's lowest in 50 years under Clinton, gasoline got down under $1.00/gallon. Sarah Palin probably doesn't know this. Newt probably does. He's smart and a liar.



    zFact: With a lot of drilling, the price will be high. With little drilling, it will be low.




    Drill-Baby-Drill
    when the Gas Price Is High
     
  2. Intense
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    Intense Senior Member

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    OPEC, Einstein. ;)
     
  3. Star
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    Star Gold Member

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    Geez, not even Foxaganda is pushing this kind of nonsense-----get back to me when you pull your head outta the illicit drugs laden '70's.



    One of the most common misconceptions about OPEC is that the Organization is responsible for setting crude oil prices. Although OPEC did in fact set crude oil prices from the early 1970s to the mid-1980s, this is no longer the case. It is true that OPEC's Member Countries do voluntary restrain their crude oil production in order to stabilize the oil market and avoid harmful and unnecessary price fluctuations, but this is not the same thing as setting prices.
    In today's complex global markets, the price of crude oil is set by movements on the three major international petroleum exchanges, all of which have their own Web sites featuring information about oil prices. They are the New York Mercantile Exchange (NYMEX, http://www.nymex.com), the International Petroleum Exchange in London (IPE, http://www.ipe.uk.com) and the Singapore International Monetary Exchange (SIMEX, http://www.simex.com.sg).




    Speaking of geniuses, do you think Romney uses the Magic 8 Ball to answer press conference questions?


    [​IMG]
    [​IMG]
     
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    It's the Fed printing $2 Trillion of fake dollars and Obammy running up annual $1Trill plus deficits
     
  5. Mr. H.
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    Mr. H. Diamond Member

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    $100 oil, technology, innovation, and risk-taking by private industry are behind the increase in drilling.
    Obamfuck has nothing to do with it.
     
    Last edited: May 5, 2012
  6. Star
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    Star Gold Member

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    Your Obama Derangement Syndrome aside...
    I agree, President Obama can't raise the price of gasoline, the most he can do is issue leases for more drilling, which he has done. And that begs the question, how can it be that supply is up, demand is down but the price of gasoline is sky high?
    Are you saying the free market, i.e. Adam Smith's invisible hand doesn't work in the oil market----what do you suggest we do to stop price raising "risk taking" ---- more regulation on the speculators or higher taxes on the speculators?
     
  7. Intense
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    Intense Senior Member

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    He raises prices by Taxation, Idiot. He raises prices by opening his mouth and saying stupid things that destabilize the market. You are a piece of work. Drilling increases on private land where he has limited influence, in spite of what a Shit Head he is, and you try to give him credit. How much has he pissed away on Green Energy scams? Never mind, it's beyond your comprehension skills.
     
  8. Mr. H.
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    Mr. H. Diamond Member

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    I feel like I'm being yelled at by a really big Smurf.

    Rig counts chase oil prices, not vise versa.

    Gasoline and other refined fuels are high because demand in other parts of the world is high.
    It's also why we're exporting refined fuels. And that's a good thing.

    Now you tell me- why are food prices so high when we have enough grains production in this country to be exporting millions of metric tons annually?
     
  9. Intense
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    Intense Senior Member

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    Because Government is playing God, again. :)
     
  10. Katzndogz
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    Katzndogz Diamond Member

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    Only according to democrats does increasing supply increase prices.
     

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