Victor D. Hansen- Energy prices....

Discussion in 'Energy' started by Trajan, Feb 27, 2012.

  1. Trajan
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    Trajan conscientia mille testes

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    exactly.....



    As gas nears $5-a-gallon out west, the president, who has cancelled a key pipeline and frozen federal leases from Alaska to the East Coast, teaches us about American algae potential, in the way he used to emphasize the importance of tire pressure and "tune-ups." He castigates the opposition for making political hay out of bad news, in the way he routinely did as a senator in compiling the most partisan voting record in the Senate.

    Energy Secretary Chu cannot and will not say a word about soaring gas prices, since he is on record not so long ago hoping that they might doubleĀ—that is, get to $8- to 10-a-gallon as they are in Europe. The Energy Department can do almost everything Americans don't want, but not the single thing they do want.

    Notable & Quotable - WSJ.com
     
  2. kwc57
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    kwc57 BOHICA Obama

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    Hey now mister, haven't you heard the whiner-in-chief and his minions explain that he inherited all of this mess from Bush and by golly, he's making the best he can out of a bad situation! Cut him some slack.
     
  3. kwc57
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    kwc57 BOHICA Obama

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    Bump for all of the apologists.
     
  4. Old Rocks
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    Old Rocks Diamond Member

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    We are exporting gas and diesel by the tanker load. There is no oil or gas shortage. There is no refinery capacity problem. The problem we have is that the energy corps have decided that they can charge more, and are proving it.

    Now, do we impose price controls? Is that what you are suggesting doing? For that is the only thing the government can do when prices are raised like this.
     
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  5. Trajan
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    Trajan conscientia mille testes

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    its a $$$ problem among other things old hocks...
     
  6. Old Rocks
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    Old Rocks Diamond Member

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    And that means what? So what is your solution? Other than blaming the President for the prices determined by the energy corps?
     
  7. Mr. H.
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    Mr. H. Diamond Member

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    I assume you'd agree that the major cost component in refined products is the feedstock- that being crude oil. And it is a fact that the U.S. imports about 9 million barrels of crude oil each day.

    Also, crude oil is a fungible commodity, traded worldwide, in U.S. dollars. So it should be no surprise that U.S. crude prices track world prices.

    How long would refiners stay in business if they were paying high dollar for that 9 million barrels of crude each day, then selling the refined products to U.S. comsumers at below cost?
    In 1999 did the "energy corps" arbitrarily decided to charge you $1.00 for a gallon of gasoline?
    Wouldn't that have been the opportune moment to charge $4.50 like they are today?

    No there is currently no shortage of crude on world markets but as has been discussed in some threads here, there are a myriad of reasons that WTI is selling at $109 and Brent at $120/barrel. And there's obviously no shortage of gasoline and deisel in this country- ergo the exports.

    Nixon's price controls seriously hurt the U.S. oil industry. So did Carter's so-called "Windfall Profits Tax".

    If we're going to be a part of the world's economy then we have to play the part and pay the piper. Otherwise we must debase ourselves to that of a socialist system like Venezuela or any other country that controls prices, production, and exports.

    Give me back that 10 cent loaf of bread I used to buy in college. Stop exporting millions of metric tons of grains so my grocery prices will come down. Stop exporting ethanol- a product that was promised to reduce imports, improve air quality, and raise prices for the AMERICAN farmer. We know how that turned out.
     
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  8. Trajan
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    Trajan conscientia mille testes

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    first of all don't try that BS with me, you and those like you pounded the snot out of bush for the same crap, its obama's turn in the barrel, put on the big boy undies, enough already with that, its a wash.....



    I would open up up huge swatches of federal property not only for exploratory leases ( and that's 90% of what obama is talking about when he says hes allowing drilling granting leases...its a sham) , I mean production leases.

    It would take oh a year 2's MAX. speculation would begin to drop, Opec will begin to worry over market share, its happened before. And when they do come on line ( in 4-6 years) we take advantage of a first come deal already written into the contract. with ( which is done to an extent via market forces today anyway),
     
  9. midcan5
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    midcan5 liberal / progressive

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    Am I missing something here? This is what markets do, if you want to drive, buy, if not, do as I do, bicycle. Odd how when markets work as they should the whiners whine, and when they don't work as they should, the whiners whine. Solution: stop whining.
     
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  10. Trajan
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    Trajan conscientia mille testes

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    wth are you babbling about?
     

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