Gasoline

[TheVictors]

Wait, what the hell...?!?!


You mean to tell me Gas Prices are exactly where they were three years ago?! I thought if we didn't DRILLx3 we'd be paying $5-$6/gallon by now ... And look at the correlation between Price and Season - amazing how that plays out so consistently.

you welching, silly troll back and lurking.

LMAO!

 

[turok]

How would "Drill Baby Drill!! " make any difference in gas prices, since the multinational oil conglomerates competitively bid on leasing US government land and undersea. Any crude extracted as a result becomes THEIR property, and is then placed in the global "kitty" where any nation can purchase the crude for processing in their refineries.

OPEC is VERY likely to cut their production in response to a glut in the marketplace due to increased production from any worldwide locations.

BIg Oil will not be giving US a homeland discount, regardless.

 

[Michchamp]

How would "Drill Baby Drill!! " make any difference in gas prices, since the multinational oil conglomerates competitively bid on leasing US government land and undersea. Any crude extracted as a result becomes THEIR property, and is then placed in the global "kitty" where any nation can purchase the crude for processing in their refineries.

OPEC is VERY likely to cut their production in response to a glut in the marketplace due to increased production from any worldwide locations.

BIg Oil will not be giving US a homeland discount, regardless.

domestic oil and gas production has risen since Dick Cheney gave the petroleum industry whatever they wanted. And Obama hasn't been exactly very pro-environment... (see, e.g. letting BP handle the oil spill cleanup themselves). We've also seen A LOT more oil train explosions, pipeline leaks, and refinery accidents than we did prior to Dick Cheney's rule.

But I digress... as pointed out, certainly gas prices don't seem to reflect this, as much as they do under-regulated manipulated futures markets.

 

[TheVictors]

Turok, you are making the point I made to the welcher who insisted otherwise. I analyze oil futures and other economic data pretty regularly and when I made the same point, I was declared ignorant ...despite predicting exactly what was to happen to gasoline prices for about a six week period a couple yrs ago.

 

[turok]

Turok, you are making the point I made to the welcher who insisted otherwise. I analyze oil futures and other economic data pretty regularly and when I made the same point, I was declared ignorant ...despite predicting exactly what was to happen to gasoline prices for about a six week period a couple yrs ago.

IIRC, there have not been any new refineries constructed in the US for decades, although some may have been expanded and upgraded. AFAIK, they are all operating @ capacity. If so, then a surplus of crude would not necessarily result in a corresponding excess supply of cheaper fuel for US consumers. What motivation does Big Oil have to significantly lower gas prices and heating oil, when they are raking in multi-billions in profits?

I tend to think that perhaps conservatives were born with a dominant Neanderthal gene. They might not believe in Darwinism, but they certainly ascribe to culling out the poor, infirm and diseased from our society. As much as they distrust and wish to "shrink" our government through privatization and drastically reducing or much better still, completely eliminating "socialist" programs and services, I distrust global corporate capitalism and their mantra of so-called "free" instead of fair trade, the former which exists mainly here in the US, and to a lesser degree Canada, Australia, and the UK.

 

[Gulo Blue]

I tend to think that perhaps conservatives were born with a dominant Neanderthal gene.

Maybe, but not for the reasons you probably indended. Neanderthals had bigger brains; even bigger relative to body mass. The theories I've read suggest that we've basically self-domesticated. As we domesticate animals, their brains get smaller, they get worse at problem solving, they get less aggressive, and they develop increased social skills.

 

[TheVictors]

What does that have to do with what Kid Rock pays for Petrol in Clarkston?!