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General => Archive => Political and Religious => Topic started by: tjanuranus on June 03, 2011, 04:38:47 PM

Title: Oil Prices, Gas prices, Why does no one care?
Post by: tjanuranus on June 03, 2011, 04:38:47 PM
Ok i hear a lot of talk from politicians and even the president about Gas prices when really no one is doing shit about what's actually causing the problem. Sen. Sanders is the only current politician i can listen to and genuinely think that he is telling the truth and cares about people. He's at it again speaking the truth and trying to do something about it. Will anyone listen? Watch this...

https://youtu.be/BHFR-szy-MA
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: rumborak on June 03, 2011, 04:56:56 PM
What is there "to do" about it? This is plain market forces. The American consumer has maneuvered him/herself into a complete dependence on an item that is increasingly limited, increasingly demanded for globally, and produced for the most part outside its borders. The result is a people-over-land distribution that relied on an artificially low gas price, which is no longer true and never will be again.

rumborak
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: tjanuranus on June 03, 2011, 05:08:26 PM
gas prices are based on Oil Futures not supply and demand. There is something that can be done about that as he is talking about in the video.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: El Barto on June 03, 2011, 05:10:35 PM
I think you're both wrong.  It is about futures speculating, it's no longer about supply and demand,  and there's nothing to be done about it.  He can talk all he wants about regulating the futures market, but who'll listen to him?  The people pulling the strings are the people making all the money. 
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: Ħ on June 03, 2011, 05:17:34 PM
because I ride my bike
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: rumborak on June 03, 2011, 05:19:46 PM
Why is futures speculation bracketed out in terms of market forces? Purchase and Sales are always based on an estimate of the future. You can't blame an over-simplification (markets are based on supply and demand) to not comply too well with reality. Markets are comprised of people, not monotonically increasing or decreasing functions.

rumborak
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: tjanuranus on June 03, 2011, 05:27:47 PM
Gas prices and the dollar are literally based on thin air. Peoples predictions which mean absolutely nothing. That's what's WRONG with the system and someone needs to do something about it or else things could get way worse than they already are. At least he's trying.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: XJDenton on June 03, 2011, 05:45:56 PM
Gas prices are about 100 times too small. Its the earths most precious resource and you're selling it for less than diet coke.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: tjanuranus on June 03, 2011, 05:46:55 PM
So screw everybody?
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: JustJen on June 03, 2011, 06:59:20 PM
Which is why the politicians in NY state need to get their heads out of their asses and lift the moratorium on horizontal drilling and hydrofracking of the Marcellus shale already.

 It contains perhaps two hundred billion dollars worth of recoverable natural gas (or two years worth of US consumption*) and a great portion of it is recoverable right near a brand new pipeline that was just laid for this very purpose here in rural upstate NY  (based on other live, producing wells nearby) which would mean much smaller gas prices here where currently prices are hovering right under/over $4.00 per gallon!!


Quote
State University of New York at Fredonia geology professor Gary Lash has calculated that more than 14,000 km3 (4.9×1014 cu ft) (490 TCF) of natural gas may be contained in the Marcellus black shale beds that lie between New York state and West Virginia.[121] At the present level of technology, he believes approximately 10% of this – 1,400 km3 (4.9×1013 cu ft) (49 TCF) – could be recovered.[121]

This is enough to satisfy approximately two years' of total U.S. consumption,[119] or a total value of two hundred billion dollars at winter 2010 – spring 2011 wellhead prices.

That figure is part of an increase of as much as approximately one trillion United States dollars in the value of all recoverable reserves in the US attributable to improved recovery through vertical drilling and fracking.[21]


(I never post in this forum but I'm a proud longtime member of the local Landowners' Coalition for the purpose of supporting natural gas drilling here, and this is something that is driving me insane. I realize the shale has a possibility of a high radon content, and I realize disposing of the frackwater is an issue, but there must be a way to make this all work here, like it is in Texas and other areas. Yeah, horizontal drilling is relatively new technology, but again -- everything innovative and life changing starts as new technology, right?)


*And perhaps a GREAT deal more, depending on recoverability:

Quote
In 2008, Terry Engelder, a Pennsylvania State University geosciences professor called his estimate of 4,800 km3 (1.7×1014 cu ft) (170 TCF) conservative.[119]

In November 2008, based on drilling results, Engelder increased his estimate of the amount of natural gas in the Marcellus to 363 TCF of recoverable resource, which would be enough to supply U.S. consumption for at least fourteen years.[122]

 That estimate assumed some acreage in the Marcellus would not be gas bearing. If the entire formation did contain gas, Engelder said the formation could contain 4,359 TCF. Assuming a 30% recovery rate, this would lead to a 1,307 TCF.[123]
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: King Postwhore on June 03, 2011, 07:50:35 PM
My beef is that the cost has had such a sharp increase.  My oil was $1.09 in 2004 and got as high as $4.74 in 2008.  Now in 2010, I locked in at $2.77  It's still almost 200% higher in 6 years.  The cost of living had gone through the roof in that time.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: Portrucci on June 03, 2011, 08:24:40 PM
My beef is that the cost has had such a sharp increase.  My oil was $1.09 in 2004 and got as high as $4.74 in 2008.  Now in 2010, I locked in at $2.77  It's still almost 200% higher in 6 years.  The cost of living had gone through the roof in that time.
Is that per Gallon? I pay the equivalent of $5.25 US per gallon here in Australia. And I think it should be higher! More people needs to use public transport & bikes. There are still plenty of people who commute by-themselves in a car to the city. It's just not sustainable with the growing population..the roads aren't getting any wider.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: King Postwhore on June 03, 2011, 08:39:59 PM
My beef is that the cost has had such a sharp increase.  My oil was $1.09 in 2004 and got as high as $4.74 in 2008.  Now in 2010, I locked in at $2.77  It's still almost 200% higher in 6 years.  The cost of living had gone through the roof in that time.
Is that per Gallon? I pay the equivalent of $5.25 US per gallon here in Australia. And I think it should be higher! More people needs to use public transport & bikes. There are still plenty of people who commute by-themselves in a car to the city. It's just not sustainable with the growing population..the roads aren't getting any wider.

Oil for heating my house.  I'd love to have Solar panels on my house but I looked at the cost and I was blown away.  Out of my price range.  That's why here in USA we are still reliant on oil.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: William Wallace on June 03, 2011, 09:20:08 PM
gas prices are based on Oil Futures not supply and demand. There is something that can be done about that as he is talking about in the video.
He's wrong. It's best to get your information from experts, not politicians. If there was an abundant supply of oil you couldn't blame speculators for high gas prices. Speculators respond to what's happening in oil markets. That's all there is to it.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: El Barto on June 03, 2011, 10:19:52 PM
There is currently an abundant supply of oil, and there will be for a few years yet.  Oil prices have gone up tremendously over the last 10 years, but there hasn't been any significant shift in global oil production.  Considering that the bulk of our oil comes from us, Canada, Mexico, and those fine upstanding Saudis, disruptions in places like Libya mean dick.  Yet our prices skyrocketed, ostensibly because of Moammar's silly ass, even though they're at the bottom of our import list.  It's an artificial market, and one which obviously benefits the oil companies; hence why there'll be no change. 
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: skydivingninja on June 03, 2011, 10:39:06 PM
Honestly, hydrogen fuel cells seem like a great way to move forward, especially with cars.  In California, it costs as much as gas does, but unlike gas, we're not going to run out of it.  I mean, gas isn't going to be phazed out completely until we run out of oil, but for day-to-day use it would be a significant change.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: carl320 on June 03, 2011, 11:08:12 PM
My beef is that the cost has had such a sharp increase.  My oil was $1.09 in 2004 and got as high as $4.74 in 2008.  Now in 2010, I locked in at $2.77  It's still almost 200% higher in 6 years.  The cost of living had gone through the roof in that time.
Is that per Gallon? I pay the equivalent of $5.25 US per gallon here in Australia. And I think it should be higher! More people needs to use public transport & bikes. There are still plenty of people who commute by-themselves in a car to the city. It's just not sustainable with the growing population..the roads aren't getting any wider.

In the US public transit has this stigma (except the largest cities) of being for those who can't afford a car.  And biking here?  If it wasn't so dangerous where I live I would do it.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: orcus116 on June 03, 2011, 11:29:51 PM
My beef is that the cost has had such a sharp increase.  My oil was $1.09 in 2004 and got as high as $4.74 in 2008.  Now in 2010, I locked in at $2.77  It's still almost 200% higher in 6 years.  The cost of living had gone through the roof in that time.
Is that per Gallon? I pay the equivalent of $5.25 US per gallon here in Australia. And I think it should be higher! More people needs to use public transport & bikes. There are still plenty of people who commute by-themselves in a car to the city. It's just not sustainable with the growing population..the roads aren't getting any wider.

While there are a sizable number of commuters taking their own vehicles into work in an American city most people I've worked with when I was in Boston utilized the public transportation system as well as some that were bike users. At my current job now because it is over a mountain it'd be impossible to ask people to use either of those options because, well, they're just not available or feasible. In an ideal world, yes, people would live very close to their jobs so using a vehicle might be a bit outlandish or unnecessary but that's just not the case for almost everyone. Hell, asking an American who drives to work to ride a bike there might increase their commute time by two or three times.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: tjanuranus on June 03, 2011, 11:52:52 PM
gas prices are based on Oil Futures not supply and demand. There is something that can be done about that as he is talking about in the video.
He's wrong. It's best to get your information from experts, not politicians. If there was an abundant supply of oil you couldn't blame speculators for high gas prices. Speculators respond to what's happening in oil markets. That's all there is to it.

No sir you are wrong.  :omg:
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: Portrucci on June 04, 2011, 12:34:03 AM
My beef is that the cost has had such a sharp increase.  My oil was $1.09 in 2004 and got as high as $4.74 in 2008.  Now in 2010, I locked in at $2.77  It's still almost 200% higher in 6 years.  The cost of living had gone through the roof in that time.
Is that per Gallon? I pay the equivalent of $5.25 US per gallon here in Australia. And I think it should be higher! More people needs to use public transport & bikes. There are still plenty of people who commute by-themselves in a car to the city. It's just not sustainable with the growing population..the roads aren't getting any wider.

While there are a sizable number of commuters taking their own vehicles into work in an American city most people I've worked with when I was in Boston utilized the public transportation system as well as some that were bike users. At my current job now because it is over a mountain it'd be impossible to ask people to use either of those options because, well, they're just not available or feasible. In an ideal world, yes, people would live very close to their jobs so using a vehicle might be a bit outlandish or unnecessary but that's just not the case for almost everyone. Hell, asking an American who drives to work to ride a bike there might increase their commute time by two or three times.
Well, I'm not from the US so I'm not sure of how the public transport is structured there, so I'll just expand on my observations in my own country. Our trains are notoriously unreliable...only 75% run 'on time'  (within 5 minutes of their scheduled arrival time) and are mostly outdated. However they still manage cover a pretty wide area, and for the gaps in between there are plenty of buses as well. You'll never get 100% coverage and some businesses will be located in low-density areas which public transport can't reach. In those cases a car/carpooling is probably the only option. But that's not what I'm arguing against....I'd say 90% of the outer suburbs of my city can get into the CBD via public transport within 30-35 minutes. Due to rush-hour traffic I doubt the car is even any quicker...the only advantage of using the car is the privacy.  People seem adamant to hold on to this privilege for one reason or another and it seems the only way the 'paradigm shift' will come is if petrol increases in price a few-fold.

The investment in public transport infrastructure needs to happen now and commuters also need to increasingly switch to public transport (giving them more customers and more incentive to expand). The USA kind of stands out as one of the places that will be the last to let go of this attachment to the automobile, no matter it's inefficiency. It's a generalization sure, but from my visit to the US, there were still millions of big thirsty trucks on the roads so I don't think I'm making top much of a stretch there...
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: Scheavo on June 04, 2011, 03:00:51 AM
Which is why the politicians in NY state need to get their heads out of their asses and lift the moratorium on horizontal drilling and hydrofracking of the Marcellus shale already.

Yikes, hydrofracking is a disaster. Unless you like tap water being flammable?
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: William Wallace on June 04, 2011, 03:08:40 AM
gas prices are based on Oil Futures not supply and demand. There is something that can be done about that as he is talking about in the video.
He's wrong. It's best to get your information from experts, not politicians. If there was an abundant supply of oil you couldn't blame speculators for high gas prices. Speculators respond to what's happening in oil markets. That's all there is to it.

No sir you are wrong.  :omg:
Good answer.  :\
A lot of variables affect oil markets - uprisings in the Middle East being just one of the more significant examples. It's easy to blame speculators, but that argument doesn't reflect reality.  Again, information provided by oil economists is credible, that provided by vote-hustling politicians, not so much.  
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: MetalMike06 on June 04, 2011, 08:20:34 AM
Ive said it in other threads  on  similar subjects but ever since the 1950s American cities have been built to accomodate car commute above all else. Trains and buses are fine ideas but people aren't going to feel comfortable using them as long as they have a giant parking lot available to them wherever they go.
I guess this is why other parts of the world pay multiple times more for gas but you don't hear them whining about it - their towns are still set up the traditional way, friendlier to pedetrian travel. I imagine in most European cities owning a car isn't a necessity for daily life.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: William Wallace on June 04, 2011, 02:07:35 PM
Which is why the politicians in NY state need to get their heads out of their asses and lift the moratorium on horizontal drilling and hydrofracking of the Marcellus shale already.

Yikes, hydrofracking is a disaster. Unless you like tap water being flammable?


That's a myth (https://reason.com/archives/2011/05/19/plentiful-fuel).
Quote
But then what's the explanation for the most dramatic part of the movie: tap water so laden with gas that people can set it on fire?

It turns out that has little to do with fracking. In many parts of America, there is enough methane in the ground to leak into people's well water. The best fire scene in the movie was shot in Colorado, where the filmmaker is in the kitchen of a man who lights his faucet. But Colorado investigators went to that man's house, checked out his well, and found that fracking had nothing to do with his water catching fire. His well-digger had drilled into a naturally occurring methane pocket.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: rumborak on June 04, 2011, 02:14:54 PM
I think whatever techniques you use, they will always massively impact the environment. Their is no silver bullet for getting this out of the ground.

rumborak
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: Scheavo on June 05, 2011, 03:13:58 PM
Which is why the politicians in NY state need to get their heads out of their asses and lift the moratorium on horizontal drilling and hydrofracking of the Marcellus shale already.

Yikes, hydrofracking is a disaster. Unless you like tap water being flammable?


That's a myth (https://reason.com/archives/2011/05/19/plentiful-fuel).
Quote
But then what's the explanation for the most dramatic part of the movie: tap water so laden with gas that people can set it on fire?

It turns out that has little to do with fracking. In many parts of America, there is enough methane in the ground to leak into people's well water. The best fire scene in the movie was shot in Colorado, where the filmmaker is in the kitchen of a man who lights his faucet. But Colorado investigators went to that man's house, checked out his well, and found that fracking had nothing to do with his water catching fire. His well-digger had drilled into a naturally occurring methane pocket.


Thanks for the clarification.

However, hydrofraucking is still a fucking stupid thing. Pumping harmful / poisonous chemicals into the ground will be problematic, now or in the future. Those chemicals just dont' go away.

https://www.nytimes.com/2011/02/27/us/27gas.html?_r=1

Quote
Other documents and interviews show that many E.P.A. scientists are alarmed, warning that the drilling waste is a threat to drinking water in Pennsylvania. Their concern is based partly on a 2009 study, never made public, written by an E.P.A. consultant who concluded that some sewage treatment plants were incapable of removing certain drilling waste contaminants and were probably violating the law.

The Times also found never-reported studies by the E.P.A. and a confidential study by the drilling industry that all concluded that radioactivity in drilling waste cannot be fully diluted in rivers and other waterways.

https://www.nyc.gov/html/dep/pdf/natural_gas_drilling/12_23_2009_final_assessment_report.pdf

It's simply not worth the trouble, considering we want to be getting rid of fossil fuels. Further oil production only continues our addiction to the product. It's like telling a meth addict to gradually reduce their meth intake to get off of meth.

As you point out, there are pockets of methane gas around, and hydrofracking causes fractures (thus the name...) in the Earth, a process we can't accurately predict.






Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: ReaPsTA on June 05, 2011, 04:58:19 PM
I can't hear about fracking the ground for water without thinking of Battlestar Galactica.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 05, 2011, 06:53:39 PM
2008 gas was 1.65 and 55 bucks a barrel

soon we will see 5 bucks a gallon if not more

this sheds some light on how Obama's policies of devaluing the dollar have added 56 cents per gallon amd 17 dollars per barrel today which is over 100 bucks due to his and the democrat policies

https://jec.senate.gov/republicans/public/index.cfm?p=PressReleases&ContentRecord_id=b0772383-bdb9-4ee8-af50-26c68f10aa8d&ContentType_id=6ef5e4f8-e031-47b7-876c-607548c5dceb&Group_id=5f0df72f-2378-489f-99d2-2ad0754b74ed

Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: PlaysLikeMyung on June 05, 2011, 06:55:45 PM
that's not a biased source at all
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: orcus116 on June 05, 2011, 06:58:50 PM
A program that started 3 months before Obama was sworn in is suddenly his policy?
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 05, 2011, 07:10:20 PM
A program that started 3 months before Obama was sworn in is suddenly his policy?

I said democrat policy.. Pelosi, Reed, did Obama even vote? maybe he voted present..
that's not a biased source at all

Pretty well known as Oil is bought in dollars.

the facts are in 2008 a barrel was 54 bucks and gas was 1.61

PLM.. so why has it ? gas will be 5 bucks and inflation will run rampant, you tell me why.. my source is not biased, its what it is, its not hiding as the AP or CNN...its a real study, is what it is
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: orcus116 on June 05, 2011, 07:14:01 PM
I said democrat policy..

this sheds some light on how Obama's policies of devaluing the dollar have added 56 cents per gallon amd 17 dollars per barrel today

I know you said democrat policies later but you seriously blame Obama first and foremost for every. God. Damn. Thing. Also quantitative easing is a policy enacted by a clown Bush appointed. You can blame Obama for not stopping these policies but who put the guy in charge of the Fed?
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 05, 2011, 07:16:54 PM
I said democrat policy..

this sheds some light on how Obama's policies of devaluing the dollar have added 56 cents per gallon amd 17 dollars per barrel today
this sheds some light on how Obama's policies of devaluing the dollar have added 56 cents per gallon amd 17 dollars per barrel today which is over 100 bucks due to his and the democrat policies


Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: King Postwhore on June 05, 2011, 08:20:10 PM
Sorry guys, this isn't a Dems vs. Reps fight.  It's all their fault.  They dropped the ball.  All of them.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 05, 2011, 08:35:22 PM
Sorry guys, this isn't a Dems vs. Reps fight.  It's all their fault.  They dropped the ball.  All of them.


Palins ( and many )wanting to open anwar would have been a very good thing to control dependency and to curb specualtion, certainly the democrats are vested in "green agenda" which plays directly into Opecs hands, also Obamas devaluing of the dollar is hurting us badly..very. if we lose it being traded in dollars it would be catastrophic. Obamas policies and regulations are having a direct effect


https://blog.heritage.org/2011/02/23/10-things-you-need-to-know-about-high-gas-prices-and-obama%e2%80%99s-oil-policy/


This week the media’s attention is finally focused on oil prices. After two years of continually rising consumer gas prices in America, the oil futures market has captivated the Mideast storyline. And attention is much needed. December 2010 saw the highest gas prices for the month of December in our nation’s history. This month, we’re setting similar records with the national average of $3.14/gallon–fifty cents higher than it was a year ago. If this trend continues, the summer of 2011 will hit consumers much harder than in the summer of 2008 when prices soared above $4/gallon.

But if you only read, hear or see this week’s news reports, you would think that oil and gas prices were doing just fine until the historic events in Egypt, Libya and across the Middle East unfolded this past month and caused spikes in the futures market. Unfortunately, that is not the case. President Obama has been unilaterally taking steps to increase the cost of gasoline for two years. Here are ten things you need to know about gas prices that you may not hear reported elsewhere:
1.Gas Prices Are Skyrocketing Under President Obama: The oil futures market is just that, a futures market. The price-per-barrel spikes in oil this week have not affected the domestic market yet. In fact, former Shell Oil President John Hofmeister made the prediction in December 2010 that America would face $5/gallon gasoline by 2012, a full month before the revolution in Egypt began. At the end of President George W. Bush’s two terms in office, prices were 9% lower than when he took office (adjusted for inflation). The day before President Obama was inaugurated; the average price of a gallon of gas was $1.83. Today, that average is $3.14.
2.President Obama Has Crippled Domestic Oil Exploration: Putting aside calls from some who want to increase domestic exploration to areas in Alaska and elsewhere, President Obama has completely shut down the existing oil drilling infrastructure in the U.S. At least 103 permits are awaiting review by the Bureau of Ocean Energy Management, Regulation and Enforcement. The federal government has not approved a single new exploratory drilling plan in the Gulf of Mexico since Obama “lifted” his deepwater drilling moratorium in October 2010. Obama also reversed an earlier decision by his administration to open access to coastal waters for exploration, instead placing a seven-year ban on drilling in the Atlantic and Pacific Coasts and Eastern Gulf of Mexico as part of the government’s 2012-2017 Outer Continental Shelf Program.
3.The Obama Permitorium is Costing the Government Much-Needed Revenue: The Gulf accounts for more than 25 percent of domestic oil production. With production in the Gulf expected to drop in 2011 by 220,000 barrels per day, the Energy Information Administration (EIA) estimates the U.S. will suffer $3.7 million in lost revenue per day as a result of lost royalties. If that holds, the federal government would lose more than $1.35 billion from royalty payments, just this year.
4.The Obama Administration Has Been Held in Contempt of Court: Federal District Court Judge Martin Feldman held the Obama Interior Department in contempt of court on February 2, 2011, for dismissively ignoring his ruling to cease the drilling moratorium which the judge had previously struck down as “arbitrary and capricious.” Judge Feldman has since given the Administration 30 days to act on permits it has needlessly and purposefully delayed saying inaction was “not a lawful option.”
5.Jobs Are Being Killed by Obama’s Oil Policies: As a direct result of Obama’s oil policies, companies that help supply our domestic energy needs are going out of business. Most recently, Houston-based Seahawk Drilling filed for bankruptcy. The Chief Operating Officer of the offshore drilling company, Randy Stilley, stated: “The decision by regulators to arbitrarily construct unnecessary barriers to obtaining permits they had traditionally authorized has had an adverse impact not only on Seahawk, but on the sector as a whole.”
6.And More Jobs Are Being Killed: Vendors, suppliers, even restaurants and retailers are losing ground or going out of business as a result of the economically crippling policies Obama has unilaterally imposed. According to Reuters, many of the thirty-plus deepwater rigs in the Gulf have moved to other markets. Each rig directly employs approximately 200 people, but that doesn’t even count the ripple effect across the nation. One industry official told CNBC that the industry was on “life support.” But President Obama is spending billions to finance offshore jobs…in Brazil. The Obama Administration committed at least $2 billion in 2009 towards Petrobras, one of the largest offshore oil drilling companies in the world.
7.Decreasing Our Domestic Supply Increases Foreign Dependence: Even Energy Secretary Steven Chu admits that “any disruption in the Middle East means a partial disruption in the oil we import. It’s a world market and [a disruption] could actually have real harm of the price.” If this is the case, then cutting our domestic supply hardly seems like an appropriate response. Rather than face this reality, Secretary Chu ridiculously called for an increase in renewable energy investments, which is a complete non-sequitur.
8.Renewable Energy Is Not the Answer to Mideast Turmoil: According to the EIA, petroleum accounts for less than one percent of electricity production. So wind and solar, which do not produce transportation fuel even if Obama’s $40,000 Chevy Volt quadruples production, can only replace coal and natural gas, of which America has an abundant supply. As for biomass, over 40 percent of domestic corn consumption goes to ethanol, which provides less than 10 percent of our transportation fuel and causes food prices to increase. Three large production platforms in the Gulf could provide an amount equivalent to all of the biofuels produced in the U.S.
9.Regulations and Delays: The Obama EPA has added costly new regulations to refineries in the name of global warming, while the Obama Interior Department issues new rules that make it much harder to develop natural resources on government land. The EPA is also denying approval of the Keystone pipeline which would increase the amount of oil the U.S. receives from our friendly neighbor Canada by over a million barrels per day.
10.The Middle East Is Not the Sole Cause of Rising Oil Prices: Global oil prices have been rising steadily for months based on variety of factors including those listed above and as the world economy pulls out of a recession. In fact, Egypt is not a major producer of petroleum, and only 2-3 percent of the world’s supply moves through the Suez Canal. Certain spikes are not abnormal and can be more easily weathered with a smarter domestic energy strategy.
This week, Deputy Energy Secretary Daniel Poneman told Bloomberg Television: “We’re hoping capacity will be brought to bear so it will continue to support our economic recovery.” Mr. Poneman needs to head down his hallway to meet with his boss Secretary Chu and explain how energy prices affect an economic recovery. Because it was Chu who, in the name of environmental radicalism, stated in 2008: “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” It would seem President Obama and Secretary Chu are getting their wish and you are paying for it every day.



Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: PlaysLikeMyung on June 05, 2011, 08:55:04 PM
Hey look another conservative blog!
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: El Barto on June 05, 2011, 09:35:51 PM
Ya know, it's really not too hard to find plenty of long term charts concerning gas prices.  They all show the same thing.
(https://www.malaysiaminilover.com/photo/gasoline-price-history/gasoline-price-history.jpg)
(https://66.70.86.64/ChartServer/ch.gaschart?Country=Canada&Crude=f&Period=72&Areas=USA%20Average,,&Unit=US%20$/G)
They rose steadily starting 2000.  10/08 they plummeted.  Then they rose to nearly the same level over the next two years.  Incidentally,  I'm not pointing out 2000 to pin this on Bush (although I have no doubt that turning the Middle East into the clusterfuck that it is would have had a bad effect).  More telling is that it's when Congress passed the Commodity Futures Modernization Act,  essentially deregulating the commodities market and letting the oil speculators run amok.  I suspect that what the Senator in the OP is wanting to do is to add some teeth to the '08 bill that was intended to close the so-called Enron Loophole, that's never been enforced. 
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: Scheavo on June 05, 2011, 09:39:02 PM
It's frightening to me that you seem to forget history so easily EV. I remember a campaign issue that Obama debated HILLARY CLINTON about (meaning this was in 2007) was the drastically rising GAS prices, which we're getting over three dollars a gallon.

Prices then started to drop in large part because the economy was tanking, and that meant speculators figured less people would have money to buy oil - thus less future demand.

So basically, gas prices are able to go up because the economy is getting stronger, which means more future demand, which raises current prices.

Seems like a positive to me, unless you would have preferred Obama to actually tank the economy? That would have done more to lower gas prices than anything.
 

Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: lordxizor on June 06, 2011, 06:18:34 AM
Am I the only person who think high gas prices are actually a good thing in the long term? Sure it sucks now, but high gas prices a few years ago inspired a huge push to more fuel efficient vehicles. Prices went back down and people went back to buying their gas guzzling SUVs. The only way that we're going to have serious efforts to move away from oil is if the market pushes for it. And high gas prices cause the market to push for alternate fuels and higher fuel efficiency.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: King Postwhore on June 06, 2011, 06:29:19 AM
Am I the only person who think high gas prices are actually a good thing in the long term? Sure it sucks now, but high gas prices a few years ago inspired a huge push to more fuel efficient vehicles. Prices went back down and people went back to buying their gas guzzling SUVs. The only way that we're going to have serious efforts to move away from oil is if the market pushes for it. And high gas prices cause the market to push for alternate fuels and higher fuel efficiency.

Well, you can say the same thing about how they make houses too.  Every house is made to have 4 bedrooms and 3 baths.  Heating those kinds of houses is out of control.  I know.  I've had friends buy those houses.  We as Americans did more with less in the old days.  But still saying this the rise of gas and oil prices over the last 6 years is not acceptable. The cost of living does not match that in any way.  We all know that there will and should be a cost of living but not to the degrees that has happened over the last 6 years.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: lordxizor on June 06, 2011, 06:42:12 AM
I agree it's been painful. I'm not arguing that. But people are not going to willingly go back to smaller homes and more efficient vehicles without financial incentive to do so. Energy efficiency of homes here in New England is attrocious. I moved from the midwest where everyone had energy efficient windows and furnaces. Our heating bill this last winter was literally 5 times as expensive as ours in MN the previous winter. 5 times! And our landlord goes on and on about how efficient the home is that we're in! Double paned, energy efficient windows are the exception here rather than the rule.

The other big thing we need to do in the US is work closer to our homes. I have lived less than 5 miles from my job over the last 5 years. Fluctuations in gas prices don't mean a lot to me because I'm not using that much gas. I understand that not everyone is able to live that close to their job, but I known tons of people commuting and hour each way every day! That's just so incredibly wasteful.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: King Postwhore on June 06, 2011, 06:49:39 AM
Well in this working market you can't control where you will work.  That's just not reasonable.  I have the energy efficient windows.  My nephew upkeeps on my furnace to ensure it runs at peak efficiency.  I installed a digital thermostat and when we sleep or we're not home I set the temp low.

All my friends houses have the energy efficient windows. 
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: lordxizor on June 06, 2011, 07:04:48 AM
Well in this working market you can't control where you will work.  
You're right. With the way that careers work these days, people are moving jobs every few years (willingly or not) instead of staying with a company for 30 years like they used to do. That said, I don't feel a whole lot of sympathy for people who complain about gas prices and how their 50 mile each way commute is killing them finacially. I've had three jobs in the last 10 years and I've managed to have a commute of less than 10 miles to each of them. It's not that hard to keep your commute short.

All my friends houses have the energy efficient windows. 
Maybe it's just where I live then, because it's ridiculous here. Granted, many of the houses are 100+ years old, but for the most part they've been renovated at some point. It just seems like no one bothers to upgrade their windows.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 06, 2011, 08:23:51 AM
Hey look another conservative blog!


Tell me what was innacurate??  looks pretty spot on . you keep just slamming the bundler of the info, You will not see any Democrat/Liberal news on this, because they are voting FOR the agenda that will guarantee prices keep going up.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 06, 2011, 08:27:28 AM
Ya know, it's really not too hard to find plenty of long term charts concerning gas prices.  They all show the same thing.
(https://www.malaysiaminilover.com/photo/gasoline-price-history/gasoline-price-history.jpg)
(https://66.70.86.64/ChartServer/ch.gaschart?Country=Canada&Crude=f&Period=72&Areas=USA%20Average,,&Unit=US%20$/G)
They rose steadily starting 2000.  10/08 they plummeted.  Then they rose to nearly the same level over the next two years.  Incidentally,  I'm not pointing out 2000 to pin this on Bush (although I have no doubt that turning the Middle East into the clusterfuck that it is would have had a bad effect).  More telling is that it's when Congress passed the Commodity Futures Modernization Act,  essentially deregulating the commodities market and letting the oil speculators run amok.  I suspect that what the Senator in the OP is wanting to do is to add some teeth to the '08 bill that was intended to close the so-called Enron Loophole, that's never been enforced. 



They rose for a different reason between 2000 and 2008, they will continue to climb for the NEW reasons Obama is orechestrating, he is beholding to green agenda, Imelt, etc. The past is done, those were the good ole days
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: PlaysLikeMyung on June 06, 2011, 08:52:40 AM
Hey look another conservative blog!


Tell me what was innacurate??  looks pretty spot on . you keep just slamming the bundler of the info, You will not see any Democrat/Liberal news on this, because they are voting FOR the agenda that will guarantee prices keep going up.

I was just noting how it's hard to take you seriously when you have such difficulty posting objective sources. It's a conservative source, so I expect conservative nonsense from it.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 06, 2011, 08:56:40 AM
Hey look another conservative blog!


Tell me what was innacurate??  looks pretty spot on . you keep just slamming the bundler of the info, You will not see any Democrat/Liberal news on this, because they are voting FOR the agenda that will guarantee prices keep going up.
[/quote

I was just noting how it's hard to take you seriously when you have such difficulty posting objective sources. It's a conservative source, so I expect conservative nonsense from it.
I got that ( as always.).. but again, who else is reporting the real news???  asking to find this in the MSM is oxymoronic...they are the ones running the jive that its not Obama.. when it is.


my point is, if you think its not accurate then prove its not
...


Id take it seriously..



Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 06, 2011, 09:03:11 AM
I think what people are not looking into is the NEW POLICY with Obama, and how it will never come down now..period. Goldman Sachs says gas could hit 10 bucks a gallon. he is making us dependent on foreign oil..perid.. thats the variable along with the green agenda that is forcing the prices to go sky high..again we never saw gas prices ever like the past December. ever..

its fun to say "oh they go up and down" thats the bamboozle Obama is hoping we all just accept. Never waste a good crisis is thise whitehouses motto, the gulf spill is accerating Obama/ Imelts plan.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: eric42434224 on June 06, 2011, 09:07:32 AM
I think what people are not looking into is the NEW POLICY with Obama, and how it will never come down now..period. Goldman Sachs says gas could hit 10 bucks a gallon. he is making us dependent on foreign oil..perid.. thats the variable along with the green agenda that is forcing the prices to go sky high..again we never saw gas prices ever like the past December. ever..

its fun to say "oh they go up and down" thats the bamboozle Obama is hoping we all just accept. Never waste a good crisis is thise whitehouses motto, the gulf spill is accerating Obama/ Imelts plan.

Why should gas come down?  The basic principle of inflation isnt going to let the price of something like gas ever go down in the long run.
Try looking at gas prices with inflation factored in and you will see that we probably arent paying anymore than we did in the 80's.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 06, 2011, 09:20:56 AM
and didnt Obama just the other month threaten to take away the Oil Cos tax breaks?

gee... thats going to really bring the price down, all they will do is pass the cost onto the consumer.

He should give them more incentive to find more , not deny permits like he doing.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: King Postwhore on June 06, 2011, 09:28:20 AM
I think what people are not looking into is the NEW POLICY with Obama, and how it will never come down now..period. Goldman Sachs says gas could hit 10 bucks a gallon. he is making us dependent on foreign oil..perid.. thats the variable along with the green agenda that is forcing the prices to go sky high..again we never saw gas prices ever like the past December. ever..

its fun to say "oh they go up and down" thats the bamboozle Obama is hoping we all just accept. Never waste a good crisis is thise whitehouses motto, the gulf spill is accerating Obama/ Imelts plan.

Why should gas come down?  The basic principle of inflation isnt going to let the price of something like gas ever go down in the long run.
Try looking at gas prices with inflation factored in and you will see that we probably arent paying anymore than we did in the 80's.


Yes your right but gas shouldn't have risen in price as fast as it did.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: eric42434224 on June 06, 2011, 09:32:37 AM
I think what people are not looking into is the NEW POLICY with Obama, and how it will never come down now..period. Goldman Sachs says gas could hit 10 bucks a gallon. he is making us dependent on foreign oil..perid.. thats the variable along with the green agenda that is forcing the prices to go sky high..again we never saw gas prices ever like the past December. ever..

its fun to say "oh they go up and down" thats the bamboozle Obama is hoping we all just accept. Never waste a good crisis is thise whitehouses motto, the gulf spill is accerating Obama/ Imelts plan.

Why should gas come down?  The basic principle of inflation isnt going to let the price of something like gas ever go down in the long run.
Try looking at gas prices with inflation factored in and you will see that we probably arent paying anymore than we did in the 80's.


Yes your right but gas shouldn't have risen in price as fast as it did.

Or you could look at it as gas prices should not have been as low as they were for so long, and we are just seeing a drastic correction.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 06, 2011, 09:35:25 AM
Kings...

Its rise is accelarated by Obamas policies. its a whole new world under Obamas czars, Imelt, global warming hoax, and denying of drilling permits..loading of tax burdens and the cutting of tax breaks

money is leaving the USA , US dollar is being crushed..China is divesting..

Obama is the captain of the perfect storm..and he wants it.. its all part of his plan, social reengineering. everyone who knew what he was is not surprised.

lets think about this..

he gave McDonalds a waiver out of Obamacare..and they hired!!! He is not giving a tax break to Oil Cos and denying them, devaluing the dollar and ..surprise gas is going up!!! look at the tax on gas under Obama!!!
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: King Postwhore on June 06, 2011, 09:39:43 AM
eric, if that is true then the government need to do a better job in the regulation the up price.

EPIC, I agree he hasn't done anything to right the ship but Bush was in office the last time it went to $4 a gallon and that is on him.  That's why I blame both sides.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 06, 2011, 09:59:05 AM
eric, if that is true then the government need to do a better job in the regulation the up price.

EPIC, I agree he hasn't done anything to right the ship but Bush was in office the last time it went to $4 a gallon and that is on him.  That's why I blame both sides.

I understand that question, " it was under GWB it was at 4bucks last time": ...but, that was for different variables.. Obama is baking it that it will get far worse to fit his green agenda.
Kings "hes not trying to right the ship, he is trying to sink it," and I think people need to get wise to what his agenda is.. " Obama is stuck on stupid, it cant work. He is into punishing those who he thinks will stand in his way..his policies and appointees are all radicals and American oil to him is evil, but he funds other countries to drill? does this make sense???? ...no

this dovetails is with his killing of the coal industry
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: eric42434224 on June 06, 2011, 10:24:03 AM
Is it possible for you to respond to a post with a simple and focused response that doesnt turn into a rambling rant about Obama being the antichrist?  Seriously.  We all get it, and have got it for months now, that you despise Obama and think he is purposefully destroying America.  Got it.  There is no need to constantly repeat it in every single thread.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 06, 2011, 10:49:14 AM
Is it possible for you to respond to a post with a simple and focused response that doesnt turn into a rambling rant about Obama being the antichrist?  Seriously.  We all get it, and have got it for months now, that you despise Obama and think he is purposefully destroying America.  Got it.  There is no need to constantly repeat it in every single thread.

but he is a huge reason.. he is over half the issue..and this is a politcal thread.. did I mention Obama in the Portnoy saga?  no  : )

My disliking or liking Obama is irrelevent, his policies are the issue, granted I cant stand him and have no idea why anyone could even like the guy if you love America..
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: PlaysLikeMyung on June 06, 2011, 10:50:52 AM
what an ignorant statement....


Liking Obama equivalent to hating America?

Well i guess i'm unamerican then.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: eric42434224 on June 06, 2011, 10:52:04 AM
Is it possible for you to respond to a post with a simple and focused response that doesnt turn into a rambling rant about Obama being the antichrist?  Seriously.  We all get it, and have got it for months now, that you despise Obama and think he is purposefully destroying America.  Got it.  There is no need to constantly repeat it in every single thread.

but he is a huge reason.. he is over half the issue..and this is a politcal thread.. did I mention Obama in the Portnoy saga?  no  : )

My disliking or liking Obama is irrelevent, his policies are the issue, granted I cant stand him and have no idea why anyone could even like the guy if you love America..


Fair enough.  Please post your sources showing that Obama and his policies are responsible for over half of the increase in the price of gas.  Thanks in advance :)
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 06, 2011, 10:54:34 AM
what an ignorant statement....


Liking Obama equivalent to hating America?

Well i guess i'm unamerican then.


He is spending the USA into the abyss..Moodys may even downgrade us, the dollar may not be the reserve soon and China is divesting...it goes on and on

This is not personal, this is fact. The debt burden he is creating is going to break the country. it cant work, never has , never will..

Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: Scheavo on June 06, 2011, 11:03:57 AM

So basically, gas prices are able to go up because the economy is getting stronger, which means more future demand, which raises current prices.

Can we not ignore this please?

Goldman Sachs says gas could hit 10 bucks a gallon.

And you just know that GOLDMAN SACHS is a reliable source of information.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: PlaysLikeMyung on June 06, 2011, 11:04:56 AM
Scheavo, I know you haven't been around in a while, but here's something to note:

Epicview will ignore anything that proves him wrong or legitimately challenges his views in any way
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 06, 2011, 11:07:36 AM
Scheavo, I know you haven't been around in a while, but here's something to note:

Epicview will ignore anything that proves him wrong or legitimately challenges his views in any way

we are talking about oil correct? Obamas policies are jacking the price for the social rengineering that is who he is..

very simple.. nothing to debate here.. if you want 7 dollar gas like Obama wants then you voted for the right guy.. Obama has said he wants it.. but he wants it to happen on slow incline..


The economy is in shambles.. do you guys read the ecomic news? or do you just recite MSNBC BS..really... how is it strong?
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: Scheavo on June 06, 2011, 11:08:39 AM
I'm getting that impression. My point puts him in a horrible bind, becuase he's complaining about increasing gas prices, but I'm sure he also thinks Obama is destroying the economy. Both can't be true.

*edit*

nice job of still avoiding my points EV.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: lordxizor on June 06, 2011, 11:08:42 AM
it cant work
EPIC, for the most part I tolerate your posts on political issues. I think you make some good points, but they get lost in your complete over the top Obama hating. But the one thing you've repeatedly said that annoys the crap out of me is this. "It can't work" or some variant of that. Who the hell are you to decide what can and can't work? You don't know if it can work or not. Just some constructivine criticism of your posting. You come across as acting as if you have access to some magic crystal ball that will show how things work out. You don't know if Obama will fail or succeed in his endeavors. Trying to be a little more humble about your opinions would make you come across as much more tolerable, if you care about that at all.
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: PlaysLikeMyung on June 06, 2011, 11:10:09 AM
Scheavo, I know you haven't been around in a while, but here's something to note:

Epicview will ignore anything that proves him wrong or legitimately challenges his views in any way

we are talking about oil correct? Obamas policies are jacking the price for the social rengineering that is who he is..

very simple.. nothing to debate here.. if you want 7 dollar gas like Obama wants then you voted for the right guy.. Obama has said he wants it.. but he wants it to happen on slow incline..


The economy is in shambles.. do you guys read the ecomic news? or do you just recite MSNBC BS..really... how is it strong?

When in the FUCK did Obama say he wanted increased gas prices?
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: EPICVIEW on June 06, 2011, 11:13:18 AM
it cant work...its not working..it never could work..

very simple..His agenda , the green agenda is killing jobs.. he wants to socially renegineeer this country ( wealth redistrubution) he is spending us into the abyss.. it cant not work, its not working.

all economic indicators are saying this..

prove that its working then..Im begging you..show me. we just saw that  unemployment went to 9.1 with McDonalds hiring half of the 54,000 becasue THEY GOT A WAIVER from Obamacare taxing..

on the same note I tolerate also...so show me
Title: Re: Oil Prices, Gas prices, Why does no one care?
Post by: PlaysLikeMyung on June 06, 2011, 11:23:09 AM
Well epicview, you've successfully ignored every question asked of you in the thread. I'm gonna go ahead and lock all of these before they become nothing more than mindless drivel.