Gas Prices you knew this was commin!

[DiscreetCat=Monster]

OK how is it that gas is now about half the price it was 2 months ago? We are getting it up the (you fill it in)! The damn goverment says the oil industry is to blame, bulldookie they are the ones that get all the kickbacks from the oil industry we are being lied to everyday as americans in the land of the free.

[Cajungator26]

Originally Posted by LOSE=GLUE

OK how is it that gas is now about half the price it was 2 months ago? We are getting it up the (you fill it in)! The damn goverment says the oil industry is to blame, bulldookie they are the ones that get all the kickbacks from the oil industry we are being lied to everyday as americans in the land of the free.

That's a bunch of bullshiat... the government doesn't control the price of gas. The market for oil does. If the price of oil goes up, then so does our gasoline price.

Originally Posted by LOSE=GLUE

OK how is it that gas is now about half the price it was 2 months ago? We are getting it up the (you fill it in)! The damn goverment says the oil industry is to blame, bulldookie they are the ones that get all the kickbacks from the oil industry we are being lied to everyday as americans in the land of the free.

Where I live gas topped out around 3.40/gallon and is currently 2.90/gallon.

I'll accept your initial statement (gas is 1/2 the price it was 2 months ago) as an exageration to make a point.

Individual politicians have blamed the oil industry for the run up but I've never seen an actual government official responsible for the matter make that accusation. If they had I would have expected indictments to follow in days. I want you to source your statement there. Which goverment official blamed the oil industry (for the run up, I assume)?

My own theory is that industrialization in China, India and other countries is placing a demand strain on a limited resourse. Okay. It's not really my theory. But it does make sense.

2.90 seems cheap now. A time will come when 10.00/gallon looks cheap. In your lifetime.

The good news is we will never run out of oil. The same way that you could have projected an end to whale oil (the prefered source for light before kerosene) based on demand/supply other energy sources will become economically viable at higher oil prices.

Here's a helpful suggestion: Don't blame the oil companies. Don't blame the governmement. Blame yourself. If you bought gas at $3.40/gallon like I did then by definition you found that a fair deal. Stop buying it and the price drops.

A nation that drives low milage SUV's and trucks and wants to find out why gas is so high is in denial.

It's Clinton's fault gas was so high.

[somerfrost]

Originally Posted by Pillow Pants

It's Clinton's fault gas was so high.

Now now, when Clinto bragged about getting a hummer, I don't think he was referring to the vehicle!

[Downthestretch55]

Originally Posted by Pillow Pants

It's Clinton's fault gas was so high.

Pillow,
I'm a very big cynic on this topic.
back in the '70's during the "oil embargo", all I had to do was drive along the Palisades Parkway along the Hudson to see loaded tankers, one after another, all full but not off loading at the NJ refineries, to prove to me that the market can and is manipulated. People were lined up at gas stations, coming in with cans for gas due to the "gas shortage".
Did the price go up then?

So, now we have elections coming in November. Do you think production is up for a reason? Sure prices are coming down..for now.
Do you think the Saudis got a call to have them do a favor? They'll go down just long enough for people to forget the high prices of the past year...watch what happens to the prices in Dec. and Jan.

[Danzig]

Originally Posted by somerfrost

Now now, when Clinto bragged about getting a hummer, I don't think he was referring to the vehicle!

best post i've seen in some time!!!

to say it's the prez's fault when things go bad, or to give credit when things go well is ridiculous. we live in a capitalistic, free market society. oil goes up, which makes gas go up. now oil is down, so gas is down. and as much as we all screamed about the price the last few months...guess what? we were still buying it. so why the hell would they lower the price if they were still selling it??
oh, that's right. cause bush said so. ummmm, yeah.

Originally Posted by Downthestretch55

Pillow,
I'm a very big cynic on this topic.
back in the '70's during the "oil embargo", all I had to do was drive along the Palisades Parkway along the Hudson to see loaded tankers, one after another, all full but not off loading at the NJ refineries, to prove to me that the market can and is manipulated. People were lined up at gas stations, coming in with cans for gas due to the "gas shortage".
Did the price go up then?

So, now we have elections coming in November. Do you think production is up for a reason? Sure prices are coming down..for now.
Do you think the Saudis got a call to have them do a favor? They'll go down just long enough for people to forget the high prices of the past year...watch what happens to the prices in Dec. and Jan.

DTS..if you saw tankers stacked up on the Hudson...refusing to unload crude..so be it. And yes the price at the pump went up. Crude oil sky rocketed...so price at the pump, on whatever product was available, went up. This time we topped out at about $75 per barrel...back in the early 80's, after the embargo, the highest price I remember was about $46 per barrel. So prices, at the pump, went up in both cases.

Ez

[DiscreetCat=Monster]

I still think the goverment invaded iraq for the oil, thats is my own opinon. People in iraq (not all but most) needed some one to make them follow a fine line, and i am not sayin i like saddam i am glad he is gone but now look at the mess it has put the american people in and the goverment just sits in there big ole office while we send out the guys just tryin to better there lives over there on basically suicide missions cause they don't really even know who wants to shake their hand and who wants to shoot them just IMO!

[Danzig]

i feel like i just re-read some of the last 80-odd pages of ulysses....

thing is, if we invaded for oil, than why the hell has it been so high til now? i mean, it kinda backfired didn't it? and you really think the military would put it's soldiers at risk for oil?? the govt would have been better off taking all the money spent on the war and just bought the stuff!!

if that's all we're in for, to help the bottom line, than why were we in somalia? in lebanon? kosovo?

[DiscreetCat=Monster]

Originally Posted by Danzig188

i feel like i just re-read some of the last 80-odd pages of ulysses....

thing is, if we invaded for oil, than why the hell has it been so high til now? i mean, it kinda backfired didn't it? and you really think the military would put it's soldiers at risk for oil?? the govt would have been better off taking all the money spent on the war and just bought the stuff!!

if that's all we're in for, to help the bottom line, than why were we in somalia? in lebanon? kosovo?

Oil Futures ever heard of it?

Originally Posted by LOSE=GLUE

Oil Futures ever heard of it?

Yes. But how does that explain your post?

I could say the government was behind 9/11 and as an explanation state "commodity futures".

But then neither your post nor mine would be at all clear. How about some facts to back it up? Or just something that doesn't require we read your mind.

[Downthestretch55]

Originally Posted by ezrabrooks

DTS..if you saw tankers stacked up on the Hudson...refusing to unload crude..so be it. And yes the price at the pump went up. Crude oil sky rocketed...so price at the pump, on whatever product was available, went up. This time we topped out at about $75 per barrel...back in the early 80's, after the embargo, the highest price I remember was about $46 per barrel. So prices, at the pump, went up in both cases.

Ez

Ez,
The fact is that they weren't refusing to unload. They weren't allowed to.
One of my friend's fathers ran a company called Hudson River Pilots. The company takes pilots out to the ships while outside NY harbor and guides them in to their destination inside the port.
Since the tankers couldn't off load, they anchored them.

All I was attempting to say is that the oil market can be manipulated.
I don't remember $75 per barrel in the 80's, but I'll take your word on it.

btw...oil isn't flowing out of Iraq because the pipelines keep getting sabotaged.

[Independent George]

Originally Posted by LOSE=GLUE

OK how is it that gas is now about half the price it was 2 months ago? We are getting it up the (you fill it in)! The damn goverment says the oil industry is to blame, bulldookie they are the ones that get all the kickbacks from the oil industry we are being lied to everyday as americans in the land of the free.

About the most ridiculous post I've seen.

[Independent George]

Originally Posted by somerfrost

Now now, when Clinto bragged about getting a hummer, I don't think he was referring to the vehicle!

One of the funniest posts I've ever seen.

[Independent George]

Originally Posted by Downthestretch55

Pillow,
I'm a very big cynic on this topic.
back in the '70's during the "oil embargo", all I had to do was drive along the Palisades Parkway along the Hudson to see loaded tankers, one after another, all full but not off loading at the NJ refineries, to prove to me that the market can and is manipulated. People were lined up at gas stations, coming in with cans for gas due to the "gas shortage".
Did the price go up then?

So, now we have elections coming in November. Do you think production is up for a reason? Sure prices are coming down..for now.
Do you think the Saudis got a call to have them do a favor? They'll go down just long enough for people to forget the high prices of the past year...watch what happens to the prices in Dec. and Jan.

Hmmmmm...no this may be the funniest.

[GPK]

Originally Posted by chromer

Where I live gas topped out around 3.40/gallon and is currently 2.90/gallon.

I'll accept your initial statement (gas is 1/2 the price it was 2 months ago) as an exageration to make a point.

Individual politicians have blamed the oil industry for the run up but I've never seen an actual government official responsible for the matter make that accusation. If they had I would have expected indictments to follow in days. I want you to source your statement there. Which goverment official blamed the oil industry (for the run up, I assume)?

My own theory is that industrialization in China, India and other countries is placing a demand strain on a limited resourse. Okay. It's not really my theory. But it does make sense.

2.90 seems cheap now. A time will come when 10.00/gallon looks cheap. In your lifetime.

The good news is we will never run out of oil. The same way that you could have projected an end to whale oil (the prefered source for light before kerosene) based on demand/supply other energy sources will become economically viable at higher oil prices.

Here's a helpful suggestion: Don't blame the oil companies. Don't blame the governmement. Blame yourself. If you bought gas at $3.40/gallon like I did then by definition you found that a fair deal. Stop buying it and the price drops.

A nation that drives low milage SUV's and trucks and wants to find out why gas is so high is in denial.

I paid and even 2.00/gallon this afternoon for regular unleaded.

[Downthestretch55]

Originally Posted by Independent George

Hmmmmm...no this may be the funniest.

Indep Geo,
You obviously know far more than I do about Saudi oil production. You probably have the capacity of exports from Jan - June, so I won't provide them.
There's no need to apologize for your insult.
If you found humor in what I've said, it balances the pathetic feeling I get from reading your "expertise".

http://www.marketwatch.com/news/stor...DE61A68081D%7D

[Downthestretch55]

Originally Posted by LOSE=GLUE

Oil Futures ever heard of it?

L=G,
You might be interested in this regarding oil futures. It's from an article explaining some of the contributing circumstances in the region of Darfur in Sudan.

"Until April 2005, it was said that whatever oil deposits existed in Darfur were confined to its southeastern corner. However, new seismographic studies brought a surprise. On April 19, 2005, Mohamed Siddig, a spokesman for the Sudan Energy Ministry, announced that a new high-yield well had been drilled in North Darfur -- several hundred kilometers northwest of the existing fields. Seismographic studies indicated that a huge basin of oil, expected to yield up to 500,000 barrels of crude per day, lay in the area. This Darfur discovery effectively doubled Sudan's oil reserves."

Originally Posted by Downthestretch55

Ez,
The fact is that they weren't refusing to unload. They weren't allowed to.
One of my friend's fathers ran a company called Hudson River Pilots. The company takes pilots out to the ships while outside NY harbor and guides them in to their destination inside the port.
Since the tankers couldn't off load, they anchored them.

All I was attempting to say is that the oil market can be manipulated.
I don't remember $75 per barrel in the 80's, but I'll take your word on it.

btw...oil isn't flowing out of Iraq because the pipelines keep getting sabotaged.

I said (meant) the price went to about $75 this time (2006)...and around $46 in the early 1980's.

They (the tankers) weren't allowed to unload? I have to ask.. who was stopping them? Are you saying the owners of the tankers, the owners of the crude, the refiners.....or the feds, were stopping them? The whole conspiracy claims concerning crude oil price manipulation just doesn't hold water, as why did prices dip into the single digits in the late 1980's? OPEC, through production, can maintain a price, but this is far from any oil company or US government conspiracy.

Ez