Gas Prices

[jaxhawksfan]

I hear all the time about "Obama can't do anything about it." Um, yes, he sure as **** can. How about allowing us to build more refineries instead of red-lighting the progress. How about allowing for drilling offshore? How about shale oil? How about opening up the reserves until some shit gets done in Iran? "Well this would only be temporary." Yeah, so? It was only temporary when Bush did something about $4 gas also. At least he did something about it. Do I think it is all Obama's fault? No. Like Jako said, we are exporting most of our oil now, so there is no local shortage. There is also no worldwide shortage, so the supply/demand model is shot to hell. Same old arguments: We ALL (I don't care what your political viewpoint is) want new technology, but the political machine for the past 40 years says "it will take 10 years or more for this to work" whether it is new technology, building of new refineries, or exploring new oil that hasn't been tapped yet. Serious question: What can we do, as consumers? We have already reduced our consumption in the USA and look what we have to show for it.

 

[R K]

I hear all the time about "Obama can't do anything about it." Um, yes, he sure as **** can. How about allowing us to build more refineries instead of red-lighting the progress. How about allowing for drilling offshore? How about shale oil? How about opening up the reserves until some shit gets done in Iran? "Well this would only be temporary." Yeah, so? It was only temporary when Bush did something about $4 gas also. At least he did something about it. Do I think it is all Obama's fault? No. Like Jako said, we are exporting most of our oil now, so there is no local shortage. There is also no worldwide shortage, so the supply/demand model is shot to hell. Same old arguments: We ALL (I don't care what your political viewpoint is) want new technology, but the political machine for the past 40 years says "it will take 10 years or more for this to work" whether it is new technology, building of new refineries, or exploring new oil that hasn't been tapped yet. Serious question: What can we do, as consumers? We have already reduced our consumption in the USA and look what we have to show for it.

Those will never fly through congress. not a chance. No matter which body is in the White House.



Similar to every time Montana doing something to invest in Natural fuels and California Liberals standing up and bitching. Not sure the WH can do much other than opening the use of the SOS's.

 

[jaxhawksfan]

Then let's do that for awhile. Even if temporary, it will allow us some breathing room in this "down economy."

 

[Rex]

brb, moving to Venezuela

 

[ytsejam]

Jax,



Bush did something about $4 gas?



Really???



Do you know why the price of gas (and oil) dropped so drastically between July, 2008, and October of the same year?

What did Bush do?

Was there anything else going on in the world and in the US, such as, a worldwide near economic meltdown?

Worldwide drop in demand for oil and its products as a result?

 

[ytsejam]

Venezuela Caracas $0.12



That did not copy/paste so well. But basically its 12 cents a gallon in Venezuela.

But Citgo is owned but the Venezuelan government. Their low price of gas is subsidized by socialism.

 

[IceHogsFan]

Those will never fly through congress. not a chance. No matter which body is in the White House.



Similar to every time Montana doing something to invest in Natural fuels and California Liberals standing up and bitching. Not sure the WH can do much other than opening the use of the SOS's.

Which begs the question of what is the energy policy for this administration?



Yes, the administration has much to say and do about energy matters domestically. They have forced green energy upon us with no regard to what may happen if those alternatives are not yet ready for the market ie Chevy Volt, Solyndra, etc.



Then POTUS and Chu both say there is nothing to be done which is just an outright lie. First thing, which should have been addressed in Dodd Frank, is the futures market and making investors back their purchases up with cash which they don't have to do now. You think the average voter knows that? Next we can talk about the EPA and allowing more refinery capabilities domestically so that much of what is drilled here does not need to be exported. Then and only then should the government be dumping taxpayer money into an industry (green) that is not ready for the masses.

 

[jaxhawksfan]

Jax,



Bush did something about $4 gas?



Really???



Do you know why the price of gas (and oil) dropped so drastically between July, 2008, and October of the same year?

What did Bush do?

Was there anything else going on in the world and in the US, such as, a worldwide near economic meltdown?

Worldwide drop in demand for oil and its products as a result?

Bush opened up our oil reserves. As far as a "near economic meltdown" of worldwide proportions, I don't know if you have been paying attention to the news or not, but Europe is surely in a worse-off position now than they were then. But refresh my memory, what was the real reason gas/oil dropped back then?

 

[BigPete]

Venezuela Caracas $0.12



That did not copy/paste so well. But basically its 12 cents a gallon in Venezuela.

Yes, because the STATE owns/buys/sells all the oil so they choose that price point to cover expenses. But don't mention an idea like that in America, you'll get your Canadian ass shipped home in a million pieces.

 

[BigPete]

I hear all the time about "Obama can't do anything about it." Um, yes, he sure as **** can. How about allowing us to build more refineries instead of red-lighting the progress. How about allowing for drilling offshore? How about shale oil? How about opening up the reserves until some shit gets done in Iran? "Well this would only be temporary." Yeah, so? It was only temporary when Bush did something about $4 gas also. At least he did something about it. Do I think it is all Obama's fault? No. Like Jako said, we are exporting most of our oil now, so there is no local shortage. There is also no worldwide shortage, so the supply/demand model is shot to hell. Same old arguments: We ALL (I don't care what your political viewpoint is) want new technology, but the political machine for the past 40 years says "it will take 10 years or more for this to work" whether it is new technology, building of new refineries, or exploring new oil that hasn't been tapped yet. Serious question: What can we do, as consumers? We have already reduced our consumption in the USA and look what we have to show for it.

It's not a traditional supply issue. We have plenty of supply. The price of a gallon of gasoline is practically set before the barrel of light sweet crude ever gets to an American refinery for processing.



Howcho brought up a good point. I snidely mentioned it a little while ago but no one caught on or commented if they did. If you want the US government to buy the light sweet crude and sell it to the companies that own refineries in TX then you MIGHT see a much smaller and stable price. That is how Venezuala does it. Do you free market lovers really want that?

 

[BigPete]

Which begs the question of what is the energy policy for this administration?



Yes, the administration has much to say and do about energy matters domestically. They have forced green energy upon us with no regard to what may happen if those alternatives are not yet ready for the market ie Chevy Volt, Solyndra, etc.



Then POTUS and Chu both say there is nothing to be done which is just an outright lie. First thing, which should have been addressed in Dodd Frank, is the futures market and making investors back their purchases up with cash which they don't have to do now. You think the average voter knows that? Next we can talk about the EPA and allowing more refinery capabilities domestically so that much of what is drilled here does not need to be exported. Then and only then should the government be dumping taxpayer money into an industry (green) that is not ready for the masses.

Well, part of it was to invest in new green energy tech companies like Solyndra. The idea and investment didn't exactly fail or rather Solyndra didn't really fail in their efforts. They were not given enough time and no one was standing in line to use their 'products'.

Lemmings listened to the sound bites and got pissed off that the government 'wasted' millions of dollars. If you read between the lines the invest was sound, it just didn't pan out. It happens all the fucking time at the CBT. Now, had the government helped Solyndra market themselves and push for a demand for their 'products' then who knows how that could have turned out. But alas, it 'failed', 'WE' lost money on 'OUR' investment, and then it became a political talking point and chance for pundants and campaigners to use against the Obama administration.

 

[BigPete]

Bush opened up our oil reserves. As far as a "near economic meltdown" of worldwide proportions, I don't know if you have been paying attention to the news or not, but Europe is surely in a worse-off position now than they were then. But refresh my memory, what was the real reason gas/oil dropped back then?

Because a butterfly farted in Mongolian (chaos theory anyone, eh eh) and some speculator realized that the hot potato of gasoline and lt-swt-crd prices had finally peaked?

 

[Larmer83]

It seems as if refinery utilization is not the issue. It's running 82-85%.

http://www.eia.gov/d...p_dcu_nus_w.htm



And although the US is an importer of crude, we are an exporter of finished motor gasoline.



http://www.eia.gov/d...00_mbblpd_w.htm



Edit: I guess that means the government can dump money into an industry not yet ready for the masses.

 

[supraman]

Venezuela Caracas $0.12



That did not copy/paste so well. But basically its 12 cents a gallon in Venezuela.

OKay whatever they are doing they are doing it right. We need to copy them

 

[Rex]

OKay whatever they are doing they are doing it right. We need to copy them

ehhhhh...it does appear to be bankrupting the country lol



http://articles.marketwatch.com/201...810691_1_gasoline-prices-price-hike-venezuela

 

[supraman]

ehhhhh...it does appear to be bankrupting the country lol



http://articles.mark...-hike-venezuela

They get to 14-15 trillion in debt yet?



Well I'm against subsidies so well there goes that idea

 

[Rex]

They get to 14-15 trillion in debt yet?



Well I'm against subsidies so well there goes that idea

no, but they have a population of 28 million

you have a population of 311 million.

 

[supraman]

no, but they have a population of 28 million

you have a population of 311 million.

Which isn't near Chinese or Indian populations.



Okay okay I got it. We send tankers to venezula buy their .12 gallon gas, put it in the tankers, haul the fuel to the US and charge a buck a gallon.

 

[Rex]

Which isn't near Chinese or Indian populations.



Okay okay I got it. We send tankers to venezula buy their .12 gallon gas, put it in the tankers, haul the fuel to the US and charge a buck a gallon.

why can't we just go to war with Venezuella?

 

[R K]

Which begs the question of what is the energy policy for this administration?



Yes, the administration has much to say and do about energy matters domestically. They have forced green energy upon us with no regard to what may happen if those alternatives are not yet ready for the market ie Chevy Volt, Solyndra, etc.



Then POTUS and Chu both say there is nothing to be done which is just an outright lie. First thing, which should have been addressed in Dodd Frank, is the futures market and making investors back their purchases up with cash which they don't have to do now. You think the average voter knows that? Next we can talk about the EPA and allowing more refinery capabilities domestically so that much of what is drilled here does not need to be exported. Then and only then should the government be dumping taxpayer money into an industry (green) that is not ready for the masses.

I just face palm this. You have no idea just how partisan you come accross, do you? Now had you bitched about these same concerns during the previous administration, which FYI were just as valid THEN, I'd give you more credit. But because you didnt, and ONLY bring them up because there happens to be an administration you don't like, I don't.



The previous POTUS did some pretty bad shit and I don't remember you saying dick about any of it.