Oil prices drop while gasoline.....doesn't drop the same way??

[SuperDemocrat]

Seems to me Buffet is going to lose in that--The Chinese look like they are going to crash hard

Considering they are strong armed commies, you can forget tax cuts.
Also, since they have little regulations to begin with, deregulation won't do much.

We may see 90's style fuel prices for some time. The world's biggest exporter is in turmoil meaning some space might open up in the market for Americans to exploit.

This is all hand waving, but it looks like the next president is going to inherit a nice economy for once.

Next president is going to have a near impossible task of reviving the current disastrous economy.

I hate to tell you this but presidents really don't have that much power. It is as if we think the presidency is some kind of sacred deity that has the power to do the impossible. In this sens, I am a non-believer.

 

[SwimExpert]

Here's a treat for those people who still think that the Keystone XL would have led to lower gas prices in the US.

The drop in prices means that Phillips can buy the crude it refines more cheaply. And it profits from the fact that the price of gas hasn't fallen as much as the price of oil has. Phillips' refining profits actually rose last year to $2.6 billion from $1.6 billion in 2014. "People don't notice it because the price at the pump has come down so much, but gasoline prices are quite high relative to crude," said Tom Kloza, chief oil analyst for the Oil Price Information Service.

Warren Buffett's $1 billion bet on oil

According to people who supported the Keystone XL, the price of gas HAD to go down because more oil would mean cheaper oil, and that would mean cheaper gas. But it's just no that simple. There's more to it, which is probably why some of the dimmest bulbs were the most vocal to support the XL, all while not actually saying anything. But why bother with thinking when we can just bury our heads in the sand and indulge in easy answers, right?

All the faults of this country are due to career politicians and their progressive federal government, socialism is an disease.

Wrong thread....

 

[SwimExpert]

Of course you never connected the dots with buffet buying a railway to ship oil and whispering to O that he would play along and scream about his secretary paying too much in taxes.

 

[bripat9643]

As long as every last drop of that oil was used in the us I am fine with the pipeline. If any of that oil was able to be shipped out, then not so much.

Another stupid liberal demand to micro-manage the economy.

 

[bripat9643]

Here's a treat for those people who still think that the Keystone XL would have led to lower gas prices in the US.

The drop in prices means that Phillips can buy the crude it refines more cheaply. And it profits from the fact that the price of gas hasn't fallen as much as the price of oil has. Phillips' refining profits actually rose last year to $2.6 billion from $1.6 billion in 2014. "People don't notice it because the price at the pump has come down so much, but gasoline prices are quite high relative to crude," said Tom Kloza, chief oil analyst for the Oil Price Information Service.

Warren Buffett's $1 billion bet on oil

According to people who supported the Keystone XL, the price of gas HAD to go down because more oil would mean cheaper oil, and that would mean cheaper gas. But it's just no that simple. There's more to it, which is probably why some of the dimmest bulbs were the most vocal to support the XL, all while not actually saying anything. But why bother with thinking when we can just bury our heads in the sand and indulge in easy answers, right?

All the faults of this country are due to career politicians and their progressive federal government, socialism is an disease.

Wrong thread....

He's dead right.

 

[waltky]

Look at the oil company profits...

... it tells the story.

 

[LordBrownTrout]

Seems to me Buffet is going to lose in that--The Chinese look like they are going to crash hard

Considering they are strong armed commies, you can forget tax cuts.
Also, since they have little regulations to begin with, deregulation won't do much.

We may see 90's style fuel prices for some time. The world's biggest exporter is in turmoil meaning some space might open up in the market for Americans to exploit.

This is all hand waving, but it looks like the next president is going to inherit a nice economy for once.

Next president is going to have a near impossible task of reviving the current disastrous economy.

I hate to tell you this but presidents really don't have that much power. It is as if we think the presidency is some kind of sacred deity that has the power to do the impossible. In this sens, I am a non-believer.

They do and they don't. Carters policies wrecked our energy.