Victor D. Hansen- Energy prices....

[Trajan]

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 double—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

 

[kwc57]

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.

 

[kwc57]

Bump for all of the apologists.

 

[Old Rocks]

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.

 

[Trajan]

its a $$$ problem among other things old hocks...

 

[Old Rocks]

And that means what? So what is your solution? Other than blaming the President for the prices determined by the energy corps?

 

[Mr. H.]

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.

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.

 

[Trajan]

And that means what? So what is your solution? Other than blaming the President for the prices determined by the energy corps?

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),

 

[midcan5]

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.

 

[Trajan]

wth are you babbling about?

 

[kwc57]

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.

How's the new addition to your cardboard box coming along?

 

[Old Rocks]

3% of the world's reserves, using 24% of the world's petroleum. Numbers that cannot be fudged. No amount of drilling is going to do anything but make a very temporary change in costs to consumers. And then the cost will rise even more, as we have used those reserves and become totally dependent on foriegn energy.

Interesting, also, how the big energy corps state that their plans will make more fossil fuel products available in this country, then immediatly start exporting the products. We had a big fight over a port for importing natural gas in Oregon, and somehow, somewhere in the process, it morphed into an export facility. And now they are going to export coal to China from Northwest ports.

But everytime the energy corps wish to drill, or tear up more land with open pits, it is for cheaper energy for the consumer. And every year, the consumer sees energy costing more.

For sure, the energy corps are making the case for renewables.

 

[Baruch Menachem]

What Trajan is pointing out is that the dollar is sinking rapidly on world markets. The dollar is sinking because there are too many of them out there, and that is bedcase we are printing them so fast to make up our deficit.

Oil is the biggest import. We are going to see a lot of commodities that we depend on skyrocket in price as the dollar swoons.

If we did more domestic production, fewer of those dollars would go overseas.

We are not talking protection here, just opening up what we have for production. And we have lots of stuf we aren't using because of one reason or another.

 

[Moonglow]

Oh yessssss, it's all Obama's fault for everything, even the death of Jesus Christ. Domestic production is up~duh

 

[kwc57]

Oh yessssss, it's all Obama's fault for everything, even the death of Jesus Christ. Domestic production is up~duh

Tell me, how will you feel in January 2013 when the new Republican President takes office and starts blaming everything on the previous job holder........like Obama is still doing after almost a full term in charge? Oh wait, Republican Presidents have too much class to blame other people and not take responsibility.

 

[midcan5]

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.

How's the new addition to your cardboard box coming along?

LOL you're just wishing someday to own the cardboard boxes we own.

http://www.usmessageboard.com/energy/56561-plowing-not-drilling.html

"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." John Maynard Keynes
.

 

[Mr. H.]

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.

How's the new addition to your cardboard box coming along?

LOL you're just wishing someday to own the cardboard boxes we own.

http://www.usmessageboard.com/energy/56561-plowing-not-drilling.html

"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." John Maynard Keynes
.

I didn't understand this notion of "plowing" the first time you posted it.
Here we are exporting millions of metric tons of grains annually, yet you propose we create yet more farmland? To what end? To make more ethanol so we can export more ethanol?

I'm all in favor of the smart urban design concept, but this idea of more tillable acreage is silly.

 

[edthecynic]

Oh yessssss, it's all Obama's fault for everything, even the death of Jesus Christ. Domestic production is up~duh

Tell me, how will you feel in January 2013 when the new Republican President takes office and starts blaming everything on the previous job holder........like Obama is still doing after almost a full term in charge? Oh wait, Republican Presidents have too much class to blame other people and not take responsibility.

Don't you mean like CON$ have always been doing? You assholes blamed Bush's destroying the housing market in his second term with his American Dream Downpayment Initiative (ADDI) on Carter's CRA.

 

[chikenwing]

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.

Hey would you hook your bike to one of my work trucks?? The market is inflated,t will pop like it has before,the problem is its a WET BLANKET on business until then.

 

[Old Rocks]

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