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Use Common Sense
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City Worker hit it on the head... once the reports start showing that the US has started making progress towards increasing drilling and refining their own oil assets I'd bet the prices would start becoming more reasonable. Only until then are we destined to play slave to the oil giants.
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Dead man walking
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Guys, no matter how much you complain, no matter how many $#@!!@# words you say about Bushy Bushy, Don Don, Teddy, the arabs, the chinese, the indian and the penguins in Antartica, no matter what you say (=your opinions are truly irrelevant just like mine), no matter anything, gas is going to keep on going up. People want more money in REAL terms. The arabs want more money, the refineries want more money, the government wants more money, the gas station wants more money. Gas is going to go up as long as we need it. We have to change the way we live. Period. Otherwise, we are all dead men walking (and we are getting there fast). Good luck.
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Yahweh on Rye
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City Worker wrote: The something is (1)more drilling in areas like ANWR and similar places (2)build new refineries Considering that 2 of every 3 barrels of oil used by US oil companies are bought on the open market, one would have to weigh the marginal utility of laying out so much capital to do so vs. the current going rate of crude. If the expected increase in domestic supply will put a significant dent in that situation (a situation that the oil companies would love, because they'd own more of the oil they would refine, buy less, and thus make more on what they have), the oil companies would likely do it.
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Yahweh on Rye
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Use Common Sense wrote: Yahweh on Rye...
"So oil = gas?"
The reports of high oil prices = high gas prices... 1. It's not that simple. 2. You're saying the MEDIA drives this. Besides repeating the "fear" trope, please explain, in detail, this mechanism while taking into account commodities trading worldwide, as well as the dynamics of the many companies worldwide involved in the oil business (75% or so of which are chiefly owned by foreign states).
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Yahweh on Rye
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Use Common Sense wrote: City Worker hit it on the head... once the reports start showing that the US has started making progress towards increasing drilling and refining their own oil assets I'd bet the prices would start becoming more reasonable. Only until then are we destined to play slave to the oil giants. Too bad oil is a globally-traded commodity and that the US has a fraction of all reserves. Do you have any estimates of the effect on world supply drilling in Alaska and the Gulf would have? Do you have the attendant estimates of the affect on the retail price of gas?
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Yahweh on Rye
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BUFFOON ALERT wrote: Yahweh on Rye for sure gets the award today. WTF is a f-ing Yahweh anyhow? Do you have a specific error to point out, or are you just satisfied with your own cleverness?
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Yahweh on Rye
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Question for the "media sets the price" crowd:
When the price of oil has gone down (and it has several times even during this general upward trend) was it because the media reported that it was falling?
I recall stories on the decreases as well.
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Something Wicked
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The smug chimp at the "white house", is getting the last dig in on all the americans that have given him the lowest rating of any president. Did anyone ever notice that since Sept., when polls came out on his performance, prices have steadily increased on everything?
Well he's DIGGING us all into the poor house.
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Yahweh on Rye
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Something Wicked wrote: The smug chimp at the "white house", is getting the last dig in on all the americans that have given him the lowest rating of any president. Did anyone ever notice that since Sept., when polls came out on his performance, prices have steadily increased on everything?
Well he's DIGGING us all into the poor house. To pretend that a sitting President has that much immediate effect (any effect at all, directly) on the economy is to fool oneself. Bush is a lot of things, including a spendthrift asshat, but he can't DIRECT the economy any more than you can tell Michael Huffington to like girls.
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ramon
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What date are the forecasters predicting for the beginning of WWIII? Current world consumption is a 60 year supply of oil. Lets keep thinking short term. Im sure this will simply cure itself.
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Something Wicked
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Yahweh on Rye wrote: <quoted text>
To pretend that a sitting President has that much immediate effect (any effect at all, directly) on the economy is to fool oneself. Bush is a lot of things, including a spendthrift asshat, but he can't DIRECT the economy any more than you can tell Michael Huffington to like girls. My statement did not say he was directly responsible for the jump in oil; only he hasn't tried to stop the inflation that is putting us into the poor house. Many things could be done from his stand point, that would offset our plunge into destitution, but he is ignoring our plight.
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GOUGE W BUTCH
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When the price of oil was about to hit $31.00 a barrell, I threw a hissy fit. Why? Because I wanted to be president. I tricked you people into voting for me, well, barely. Al Gore actually won the election by popular vote. Bill Clinton, much better president than me, kept it at $30.00 and under.
Now that I'm president and somehow got elected (thank you Jeb and Ken Blackwell), I could care less what the price of oil is. I'm getting rich off of it anyhow!
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City Worker
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Yahweh on Rye wrote: <quoted text>
Because, of course, commodities traders listen to CNN instead of industry analysts. Commodities traders listen to whoever has a reason for prices to rise. That's all they care about---getting the price up so they can make money on the difference. Regardless of what it does to the US economy.
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Something Wicked
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GOUGE W BUTCH wrote: When the price of oil was about to hit $31.00 a barrell, I threw a hissy fit. Why? Because I wanted to be president. I tricked you people into voting for me, well, barely. Al Gore actually won the election by popular vote. Bill Clinton, much better president than me, kept it at $30.00 and under.
Now that I'm president and somehow got elected (thank you Jeb and Ken Blackwell), I could care less what the price of oil is. I'm getting rich off of it anyhow! Thanks for admitting how you won both elections. I knew it all along though...oh, and I hope you don't get to enjoy your blood money.
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Yahweh on Rye
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Something Wicked wrote: My statement did not say he was directly responsible for the jump in oil; only he hasn't tried to stop the inflation that is putting us into the poor house. When has a sitting President EVER been able to influence inflation or consumer prices? Shouldn't you be bitching to Bernanke instead? You're attributing powers to the President that fit your narrative when it works for you, because you need SOMEONE whose position you think you actually understand and know about to blame. Many things could be done from his stand point, that would offset our plunge into destitution, but he is ignoring our plight. Name three.
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City Worker
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Point of reference...all the Speedways are in the process of going to 3.79 this morning...soon to be followed by everyone else.
But I don't give 100% blame to Speedway---BP has been the first to go up, and even Sheetz has been quilty of the same offense.
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Yahweh on Rye
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GOUGE W BUTCH wrote: Al Gore actually won the election by popular vote. And yet, that matters as much as tits matter to a bull, since we don't currently, nor have we ever, elected a President based on the popular vote. Therefore, using a national popular count to make any determination of the validity of the Electoral College system is a stupid and useless exercise in mental masturbation. If we actually DID conduct the 2000 election by national popular vote, I can guarantee you the results would have been different because the rules everyone played by would have changed. I can't tell you in which direction they would have been different, but they certainly would have been different. Bill Clinton, much better president than me, kept it at $30.00 and under. Bill Clinton had as much influence over the price of oil on the world market as I do over the Palestinian/Israeli conflict.
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Get Real
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Well, then help us understand the cause of high gas prices, since your so knowledgable on the subject? Give me a few genuine reasons gas is currently 3.59 a gallon? Yahweh on Rye wrote: <quoted text>
When has a sitting President EVER been able to influence inflation or consumer prices? Shouldn't you be bitching to Bernanke instead?
You're attributing powers to the President that fit your narrative when it works for you, because you need SOMEONE whose position you think you actually understand and know about to blame.
<quoted text>
Name three.
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Yahweh on Rye
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City Worker wrote: Commodities traders listen to whoever has a reason for prices to rise. ...which you claim is the media (the US media, at that). Please describe for me, in detail, what interest the media has in pushing the price of oil up. Also, by implication, you claim that the industry has a negligible impact. Would you care to revise that? That's all they care about---getting the price up so they can make money on the difference. Regardless of what it does to the US economy. That's an incendiary charge against the media. What do you have to back it up?
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George N
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Yahweh on Rye wrote: <quoted text>
To pretend that a sitting President has that much immediate effect (any effect at all, directly) on the economy is to fool oneself. Bush is a lot of things, including a spendthrift asshat, but he can't DIRECT the economy any more than you can tell Michael Huffington to like girls. Keep fighting the good fight against ignorance. Ever notice how those decrying the high price of energy are the ones blocking any development of new (other than the wind and solar pipe dreams) sources? Nuclear?- No way, Jane Fonda, renowned engineering and physics guru doesen't like it. Coal Power Plants?-Too dirty, gotta save the planet. BTW, China opens a new one every week. Drill offshore- No, gotta save the beaches. China helping Cuba explore offshore. Thank God for China's environmental stewardship, Florida beaches are safe. Import LNG?- No, too dangerous, terminals too ugly.
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Judge it!
