Gas Prices

jaxhawksfan

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KOTL I like your suggestions, and also want new technologies (THAT WORK) and aren't more expensive in the long run just for the sake of a "cleaner planet." In the meantime, someone needs to figure out a way to get the damn price of gas down. I don't care if it is a temporary fix. That's a lame excuse not to do something.
 

IceHogsFan

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KOTL I like your suggestions, and also want new technologies (THAT WORK) and aren't more expensive in the long run just for the sake of a "cleaner planet." In the meantime, someone needs to figure out a way to get the damn price of gas down. I don't care if it is a temporary fix. That's a lame excuse not to do something.



It is being addressed Jax. Did you not hear POTUS speak?



He is taking away subsidies from the oil/ gas industry. Look for the savings soon.....
 

Rex

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It is being addressed Jax. Did you not hear POTUS speak?



He is taking away subsidies from the oil/ gas industry. Look for the savings soon.....





z10750647QI_don_t_want_to_live_on_this_planet_anymore_Lose_a_Little_Faith_in_Humanity-s500x282-302274-580.jpg
 

LordKOTL

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It is being addressed Jax. Did you not hear POTUS speak?



He is taking away subsidies from the oil/ gas industry. Look for the savings soon.....

...so he's ending socialism, that's a good thing, right?

KOTL I like your suggestions, and also want new technologies (THAT WORK) and aren't more expensive in the long run just for the sake of a "cleaner planet." In the meantime, someone needs to figure out a way to get the damn price of gas down. I don't care if it is a temporary fix. That's a lame excuse not to do something.



Again, I seriously doubt *any* form of energy will ever be "clean". Let's look at the hypothetical use of hydrogen as fuel which has been lauded as being as clean as it comes...



Assuming we could somehow get hydrogen to combust as powerfully and as cheaply as gasoline, and everything that is now powered on petroleum fuels is powered by hydrogen, imagine the sheer amount of water vapor being pumped into the atmosphere. Don't you think that wouldn't **** the weather up bigtime--especially in a place like Chicago in the middle of the summer with assloads of vehicles pumping out a lot of water vapor into an environment that is very conducive to convection? You're talking much more thunderstorms and rain.



I think all fuel/energy technology has it's place, and moving forward the goal should be applying the right technology in the right place. There's no real reason why an electric vehicle can't be used as a commuter even though it's ill-suited for long distcance road-trips or freight.
 

IceHogsFan

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Obama proposal would rein in oil speculation



Washington (CNN) -- Under pressure to bring down the high price of gas, President Obama and Attorney General Eric Holder will outline a proposal Tuesday to increase federal supervision of the oil markets in an effort to clip the wings of speculators who are profiting off the volatility of the oil market.

The president's $52 million plan would let regulators force energy traders to put more of their own money into trades and boost the penalties on manipulators who are found to be speculating unlawfully, according to a senior administration source who would not comment on the record in advance of the president's remarks.

The president will call on Congress to:

• boost spending on technology to improve oversight and surveillance of energy markets.

• increase by six times the money spent on surveillance and enforcement staff of the Commodity Futures Trading Commission to better deter oil market manipulation.

• increase from $1 million to $10 million civil and criminal penalties against firms that engage in market manipulation.

• in an effort designed to limit energy market disruptions, give the Commodity Futures Trading Commission authority to increase the amount of money that a trader must put up to back a trading position.

The Obama administration plans to increase access to the commission's data so the White House Council of Economic Advisers can examine and analyze trading information, which the administration can do on its own.

This effort is likely to be seen as a political move designed to draw contrasts with the Republican Party and especially presumptive presidential nominee Mitt Romney on energy issues. House Republicans are unlikely to pass a measure that seeks to impose more limits on Wall Street at a time when they are seeking to limit regulations on the finance industry. At the same time, Republican leaders are calling on the White House to open more domestic land for oil and gas exploration.

The White House is pinpointing Wall Street for the high price of gas, which could afford the president an opening to criticize Romney and his ties to the world of high finance.



http://www.cnn.com/2012/04/17/politics/obama-oil-speculation/index.html?hpt=hp_t2
 

jaxhawksfan

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Just in time! Never let a good crisis go to waste.
 

MassHavoc

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If you have all time highs, it's easier to trumpet huge drops at the pumps come election time.
 

winos5

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What's wrong with a company trying to make a profit?





(sorry Rob, I couldn't resist)



I actually have mixed feelings. My IRA mutual fund and retirement non-profit version of a 401K mutual fund have substantial investment in energy futures.
 

Pez68

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I actually have mixed feelings. My IRA mutual fund and retirement non-profit version of a 401K mutual fund have substantial investment in energy futures.



Anything you make with those....you lose at the pump.... The increases aren't linear, as there's markup all along the way.
 

jaxhawksfan

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What's wrong with a company trying to make a profit?





(sorry Rob, I couldn't resist)



Nothing at all. Gas prices, however, are not just a company making money, as you know.
 

Pez68

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Up and up they go....where they stop, nobody knows.
 

Pez68

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It happens every election period. I'm just wondering what the **** the reason is for the gas price where they're at....
 

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