Gas prices

[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.