Gas prices

[GeoFisher]

Dejavue again.............every time the economy picks up the slightest hint of recovery gas prices spoil it. If they approve a tax break, be sure it will be used up in higher gas prices.

Time to start pumping out the E85 big time.

I havent heard this weeks excuse for high gas. Are they using the old crude price excuse or the demand excuse or the refinery capacity excuse, or the summer mix formula excuse or the hurricane in the gulf excuse or the cold weather excuse?

It would be nice if they would just come out and say "we have an opportunity to soak up your $40.00 a week tax break savings and we decided to take it"

E85.......you're KIDDING, RIGHT.......

It gives you less fuel economy, steals from our foodsource, and COSTS more to manufacture than gasoline.

No......how about we open all of our drilling leases, and FLOOD the market with our oil. PUT OPEC out of business. After all they cannot eat their oil. Play on OUR playing field, or don't play.

And the reason is obvious.........Your and Ron Pauls' friend AmadinnaNUTJOB in Iran is practicing closing the strait of hormuz. That waterway ships 1/5 of the worlds oil. Without it, Oil markets collapse.

Future price of oil is reflecting this DIRECT action.......but hey, the United States has no interest in IRAN, right......It is NOT OUR BUSINESS, right.....

If it is not our business.....Stop complaining about oil prices.

Later,

Geo

[DJD]

E85.......you're KIDDING, RIGHT.......

It gives you less fuel economy, steals from our foodsource, and COSTS more to manufacture than gasoline.

No......how about we open all of our drilling leases, and FLOOD the market with our oil. PUT OPEC out of business. After all they cannot eat their oil. Play on OUR playing field, or don't play.

And the reason is obvious.........Your and Ron Pauls' friend AmadinnaNUTJOB in Iran is practicing closing the strait of hormuz. That waterway ships 1/5 of the worlds oil. Without it, Oil markets collapse.

Future price of oil is reflecting this DIRECT action.......but hey, the United States has no interest in IRAN, right......It is NOT OUR BUSINESS, right.....

If it is not our business.....Stop complaining about oil prices.

Later,

Geo

LOL your reason for editing was great!!!!!

I wonder at what point americans actually get tired of this crap? We are sitting on and around plenty of oil but play happy time with all these countries that control our oil and let "green" freaks control our legislators and potus.
Let gas hit $4-$5 a gallon for the summer and see what happens to this economy. Maybe then someone with an applesack will say thats enough.
The politicians kick this "oil crisis" can down the road each time it comes up. Any decision that is made to help reduce our dependency on foreign oil is gonna take years to actually feel any relief on.
Sure, if Iran was wiped clean off the map, we started building refineries, deepwater offshore drilling resumed, ANWR drilling started and building the keystone pipeline happened it still takes time to get any real relief. BTW...obamy still has this deepwater drilling tied up in courts. This is gonna hurt him as well come election time....Thousands of dormant jobs, dormant oil production and high gas prices.

http://www.bloomberg.com/news/2011-0...dge-rules.html

[artcarney_agr]

Let gas hit $4-$5 a gallon for the summer and see what happens to this economy.

Looking like it will hit $4 this weekend at the rate of increase I'm seeing......it was $3.75 this morning at the station by my house in south Louisville.

[kydonky]

Looking like it will hit $4 this weekend at the rate of increase I'm seeing......it was $3.75 this morning at the station by my house in south Louisville.

The last price gouge of 2005/2006 (+ or -) T. Bone pickens proposed an energy plan with a multi program approach. Wind, solar farms, ethanol production. Had investors ready to act. Said it was very feasable with gas prices at $4.00. Gas dropped back to $2.25 after he promoted his plan.making it less feasable and plans were dropped. No other factor to explain the price change.

So oil prices are manipulated, we need to get off the merry-go-round. And there is not going to be enough fossil fuels to carry us forever so we need to find alteratives now.

Said it before and I will say it now. Exxon does not charge less for gas from US oil than gas from Saudi oil. I don't want to put the future of the US economy and security in the hands of Exxon, Citco or BP.

[artcarney_agr]

And there is not going to be enough fossil fuels to carry us forever so we need to find alteratives now.

Says who?

[kydonky]

Says who?

Most educated geologists and other reasonable people that have discovered the world is round and that fossil fuels are a "limited" resource.

[artcarney_agr]

Most educated geologists and other reasonable people that have discovered the world is round and that fossil fuels are a "limited" resource.

Yes, it's limited, but there's going to be PLENTY of it still around while we're alive.......yes we need to find alternative sources, but with plenty to go around there's no need for this ridiculous pricing while we keep working on a solution.

[00SKEETER]

LOL your reason for editing was great!!!!!

I wonder at what point americans actually get tired of this crap? We are sitting on and around plenty of oil but play happy time with all these countries that control our oil and let "green" freaks control our legislators and potus.
Let gas hit $4-$5 a gallon for the summer and see what happens to this economy. Maybe then someone with an applesack will say thats enough.
The politicians kick this "oil crisis" can down the road each time it comes up. Any decision that is made to help reduce our dependency on foreign oil is gonna take years to actually feel any relief on.
Sure, if Iran was wiped clean off the map, we started building refineries, deepwater offshore drilling resumed, ANWR drilling started and building the keystone pipeline happened it still takes time to get any real relief. BTW...obamy still has this deepwater drilling tied up in courts. This is gonna hurt him as well come election time....Thousands of dormant jobs, dormant oil production and high gas prices.

http://www.bloomberg.com/news/2011-0...dge-rules.html

Exactly right.....if it hit's $4-5 a gallon again you will see the economy go down hill again. Not sure what they don't understand about that. I love how they say the last economy downfall was becasue the banks were lending money to non qualified buyers etc. etc. when in reality it was the $4 gas that killed the economy. $4 gas equals $4 a gallon for milk and a nice increase in all other groceries. That takes its toll on the average american. Pretty sad that I can go to the grocery now and spend $100 and carry it all in the house in one trip. Looks like my plans of fishing more this year have already come to an end. Should have just sold the boat last year.

[psprowler]

Why don't we just quit beating around the bush, go over to the middle East and just take over the countries and the oil. That's what it's going to come down to anyways might as well do it now while we still have the gas to get stuff over there.

[GeoFisher]

Why don't we just quit beating around the bush, go over to the middle East and just take over the countries and the oil. That's what it's going to come down to anyways might as well do it now while we still have the gas to get stuff over there.

We don't NEED their oil. If we could produce our on domestic oil, burn our own coal, use our own resources, we could SQUEEZE opec out of business.

Actually not, because Opec would just sell to India and China. If we put 1-2 million barrels/day on the market........there would be no crisis.

Later,

Geo

[kydonky]

We don't NEED their oil. If we could produce our on domestic oil, burn our own coal, use our own resources, we could SQUEEZE opec out of business.

Actually not, because Opec would just sell to India and China. If we put 1-2 million barrels/day on the market........there would be no crisis.

Later,

Geo

Geo it gets more complicated all the time.

Gasoline is America's largest export to other countries surpassing food exports. One of the arguments to the Canadian pipeline across the US was that the pipeline terminated at a port for export (not necessarily my agrument, but one of the arguments).

Supplies are more than adequate, demand is moderate, very mild winter with low heating oil demand, no catistophic weather related events. Exports are at record highs even conservative analyists indicate the tension with Iran should only be having a marginal effect on the markets.

One could suspect market manipulation/gouging. I don't know the short term answer, but the long term answer is find an alternate energy source.

Quote from the AP "NEW YORK (AP) ? For the first time, the top export of the United States, the world's biggest gas guzzler, is ? wait for it ? fuel."

"There's at least one domestic downside to America's growing role as a fuel exporter. Experts say the trend helps explain why U.S. motorists are paying more for gasoline. The more fuel that's sent overseas, the less of a supply cushion there is at home."

[parker]

I read kydonkys reply on the 2nd page. He is absouletly right, why would exxon or anyone else refine one more drop of oil than necessary to keep the price up.