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Demand for Gas dropped 3% in the USA recently.
Demand for Gas dropped 3% in the USA recently.
And oil prices recently fell 3%.
Spikes in gas prices rarely last more than a year. Most spikes play out in 4 to 6 months.administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?
For the US to seriously lower oil prices we would have to produce enough oil so we could increase supply enough to lower world oil prices. Even then the decision to increase supply would rest with the individual producers, not the government.
The higher the better, cause the higer it is the better the chance he's a one term asswipe.
Spikes in gas prices rarely last more than a year. Most spikes play out in 4 to 6 months.administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?
Not that voters would understand or care, but drilling wells in the US would have little impact on the price gas unless we drilled a lot of them. A barrel of oil produced in the US will sell at approximately the same price as oil produced elsewhere, adjusted for transpiration, taxes and fees. For the US to seriously lower oil prices we would have to produce enough oil so we could increase supply enough to lower world oil prices. Even then the decision to increase supply would rest with the individual producers, not the government.
administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?
Soros Derangement SyndromeSo who is feeding the unrest in north africa to boost profits?
George Soros
By the summer of 2008, speculators had bid the price of oil up $147/barrel. Crude oil was way overpriced in relation to demand. It wasn’t an announcement of increased drilling that brought prices down. The great recession which started several months earlier made it’s present known in unmistaken events in Sept of 2008.Spikes in gas prices rarely last more than a year. Most spikes play out in 4 to 6 months.administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?
Not that voters would understand or care, but drilling wells in the US would have little impact on the price gas unless we drilled a lot of them. A barrel of oil produced in the US will sell at approximately the same price as oil produced elsewhere, adjusted for transpiration, taxes and fees. For the US to seriously lower oil prices we would have to produce enough oil so we could increase supply enough to lower world oil prices. Even then the decision to increase supply would rest with the individual producers, not the government.
umm... Natural gas and Coal also facture into it, we need to use all our resources. Gas prices plummeted after Bush annouced expanded oil drilling in 08. What happend?
Thank You Crybaby Boner.
Gas is up more than a dollar since the GOP took over the House!!!!
How much is it up since your 0ssiah took office?
And the price of gas went up again around here yesterday.Demand for Gas dropped 3% in the USA recently.
And oil prices recently fell 3%.
Actually, the price of oil was falling BEFORE Bush made his announcement, but CON$ never let the facts get in the way of their spin.Spikes in gas prices rarely last more than a year. Most spikes play out in 4 to 6 months.administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?
Not that voters would understand or care, but drilling wells in the US would have little impact on the price gas unless we drilled a lot of them. A barrel of oil produced in the US will sell at approximately the same price as oil produced elsewhere, adjusted for transpiration, taxes and fees. For the US to seriously lower oil prices we would have to produce enough oil so we could increase supply enough to lower world oil prices. Even then the decision to increase supply would rest with the individual producers, not the government.
umm... Natural gas and Coal also facture into it, we need to use all our resources. Gas prices plummeted after Bush annouced expanded oil drilling in 08. What happend?
administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?
administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?
@While I agree that this is a problem, I of course cannot agree with you that the problem can be laid at the current POTUS's feet.
If anything I'm blaming CHEYNEY, but I think the majority of the problem is market driven, not politically driven.
Yeah that's right, the market, not politics is at the heart of this problem.
Oil started to drop BEFORE Bush lifted the ban, which did not produce a single additional drop of oil, so yes it was a complete fantasy.administration by the time elections role around.....Think maybe this administration should have listen to the calls for energy Independence a couple of years back?
@While I agree that this is a problem, I of course cannot agree with you that the problem can be laid at the current POTUS's feet.
If anything I'm blaming CHEYNEY, but I think the majority of the problem is market driven, not politically driven.
Yeah that's right, the market, not politics is at the heart of this problem.
Yes it can be laid at the feet of the current president.
When Bush lifted the offshore drilling ban what happen to gas prices? Was it a dream or did they start to drop?
Oil started to drop BEFORE Bush lifted the ban, which did not produce a single additional drop of oil, so yes it was a complete fantasy.@While I agree that this is a problem, I of course cannot agree with you that the problem can be laid at the current POTUS's feet.
If anything I'm blaming CHEYNEY, but I think the majority of the problem is market driven, not politically driven.
Yeah that's right, the market, not politics is at the heart of this problem.
Yes it can be laid at the feet of the current president.
When Bush lifted the offshore drilling ban what happen to gas prices? Was it a dream or did they start to drop?
Again, none of the new oil found by the oil monopoly ever goes on the market. The new wells are capped. Remember the BP Deepwater Horizon well? A huge oil find was made, but was the oil put on the market? No, the well was capped. The capping was bad and it exploded and it was recapped. Still to this day the well is not producing any oil to put on the market.
The only increase in oil production that ends up on the market is coming from small INDEPENDENT oil companies leasing private land. The way you get more oil on the market is to threaten to nationalize all CAPPED wells and lease them to the independents. If that happens, you can be sure BP and the others will immediately tap their capped wells and put the oil on the market rather than lose them.
Oil started to drop BEFORE Bush lifted the ban, which did not produce a single additional drop of oil, so yes it was a complete fantasy.
You gave no "valid credible source" for your Bush crap, so:Oil started to drop BEFORE Bush lifted the ban, which did not produce a single additional drop of oil, so yes it was a complete fantasy.Yes it can be laid at the feet of the current president.
When Bush lifted the offshore drilling ban what happen to gas prices? Was it a dream or did they start to drop?
Again, none of the new oil found by the oil monopoly ever goes on the market. The new wells are capped. Remember the BP Deepwater Horizon well? A huge oil find was made, but was the oil put on the market? No, the well was capped. The capping was bad and it exploded and it was recapped. Still to this day the well is not producing any oil to put on the market.
The only increase in oil production that ends up on the market is coming from small INDEPENDENT oil companies leasing private land. The way you get more oil on the market is to threaten to nationalize all CAPPED wells and lease them to the independents. If that happens, you can be sure BP and the others will immediately tap their capped wells and put the oil on the market rather than lose them.
Give a valid credible source.Oil started to drop BEFORE Bush lifted the ban, which did not produce a single additional drop of oil, so yes it was a complete fantasy.