Gas prices up 70 cents a gallon since last weekend

  • Posted by a hidden member.
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    Feb 28, 2012 3:05 AM GMT
    If Obama wants to lose, there's no better way.
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    Feb 28, 2012 3:09 AM GMT
    Ours just went up 15 cents a liter which works out to roughly 60 cents a gallon, in the last week. We have a Conservative gov't and Obama is not President here. In fact we have that oil you were anticipating coming down the Keystone pipeline.





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    Feb 28, 2012 3:29 AM GMT
    Obama doesn't control gas prices, greedy speculators and oil companies do. You know, the oil companies he doesn't want us to rely upon. Exxon has record profits, but they don't lower prices. They're to blame.
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    Feb 28, 2012 4:05 AM GMT
    wrestlervic saidObama doesn't control gas prices, greedy speculators and oil companies do. You know, the oil companies he doesn't want us to rely upon. Exxon has record profits, but they don't lower prices. They're to blame.




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    Thank you for telling it like it is !!


    I'll add that the 'OP', the "OLD GEEZER" is all about "BOMB IRAN NOW" yet on here complaining about the gas prices going up. Its Bible thumping far right fanatics like him that are the most for this war and yet the dumb fuck's want to blame Obama for gas prices going up.

    Are they so stupid that they don't know that the combination of threats of war in the middle east as well as the big business profiteering speculators that they also are so supportive of are what's raising OIL prices?

    Such ignorance is mind bending,
  • CuriousJockAZ

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    Feb 28, 2012 4:13 AM GMT
    It cost me $106 to fill up my truck today. It's not Obama's fault -- it's MINE for driving a gas guzzling SUV
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    Feb 28, 2012 4:14 AM GMT
    wrestlervic saidObama doesn't control gas prices, greedy speculators and oil companies do. You know, the oil companies he doesn't want us to rely upon. Exxon has record profits, but they don't lower prices. They're to blame.


    Obviously, I think we know that so what do we do about the old supply demand quandary? One really easy fix.
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    Feb 28, 2012 4:22 AM GMT
    CuriousJockAZ saidIt cost me $106 to fill up my truck today. It's not Obama's fault -- it's MINE for driving a gas guzzling SUV


    What if you happened to be a builder or contractor or had a larger family and the choice was drive something bigger or take two cars? Just watch what this does to gdp growth and our wee tiny little recovery.
  • CuriousJockAZ

    Posts: 19129

    Feb 28, 2012 4:26 AM GMT
    freedomisntfree said
    CuriousJockAZ saidIt cost me $106 to fill up my truck today. It's not Obama's fault -- it's MINE for driving a gas guzzling SUV


    What if you happened to be a builder or contractor or had a larger family and the choice was drive something bigger or take two cars? Just watch what this does to gdp growth and our wee tiny little recovery.



    Obviously, the gas prices are going to put any recovery on the skids. Regardless, it's absolutely ludicrous to blame any president for the price of gas. Though, admittedly, turning down Keystone was a real disappointment --- and it sure didn't help matters.
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    Feb 28, 2012 4:27 AM GMT
    freedomisntfree said
    wrestlervic saidObama doesn't control gas prices, greedy speculators and oil companies do. You know, the oil companies he doesn't want us to rely upon. Exxon has record profits, but they don't lower prices. They're to blame.


    Obviously, I think we know that so what do we do about the old supply demand quandary? One really easy fix.


    Drilling in the US has gone up 350% since Obama became president. And the US is a net exporter of oil and gas products for the first time in 60 years.

    But, as we all know, oil is traded on an international market, so drilling in the US (short of our creating tariffs on foreign oil) does not and will not lower the price of gas.

    Playing off the ignorance of the American people is despicable.
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    Feb 28, 2012 5:12 AM GMT
    CuriousJockAZ said
    freedomisntfree said
    CuriousJockAZ saidIt cost me $106 to fill up my truck today. It's not Obama's fault -- it's MINE for driving a gas guzzling SUV


    What if you happened to be a builder or contractor or had a larger family and the choice was drive something bigger or take two cars? Just watch what this does to gdp growth and our wee tiny little recovery.



    Obviously, the gas prices are going to put any recovery on the skids. Regardless, it's absolutely ludicrous to blame any president for the price of gas. Though, admittedly, turning down Keystone was a real disappointment --- and it sure didn't help matters.


    This ^^^^^
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    Feb 28, 2012 5:15 AM GMT
    Christian73 said
    freedomisntfree said
    wrestlervic saidObama doesn't control gas prices, greedy speculators and oil companies do. You know, the oil companies he doesn't want us to rely upon. Exxon has record profits, but they don't lower prices. They're to blame.


    Obviously, I think we know that so what do we do about the old supply demand quandary? One really easy fix.


    Drilling in the US has gone up 350% since Obama became president. And the US is a net exporter of oil and gas products for the first time in 60 years.

    But, as we all know, oil is traded on an international market, so drilling in the US (short of our creating tariffs on foreign oil) does not and will not lower the price of gas.

    Playing off the ignorance of the American people is despicable.


    And since it takes fours years or more to actually get permits to drill, thank you President Bush.

    Expectations of increasing supplies above demand certainly will.
  • musclmed

    Posts: 3280

    Feb 28, 2012 5:28 AM GMT
    Christian73 said
    freedomisntfree said
    wrestlervic saidObama doesn't control gas prices, greedy speculators and oil companies do. You know, the oil companies he doesn't want us to rely upon. Exxon has record profits, but they don't lower prices. They're to blame.


    Obviously, I think we know that so what do we do about the old supply demand quandary? One really easy fix.


    Drilling in the US has gone up 350% since Obama became president. And the US is a net exporter of oil and gas products for the first time in 60 years.

    But, as we all know, oil is traded on an international market, so drilling in the US (short of our creating tariffs on foreign oil) does not and will not lower the price of gas.

    Playing off the ignorance of the American people is despicable.


    As unfair as it seems the same rational explains the last election. The portion of the electorate that swings the election basically shops at the Circle K and gets pissed off when there is no beer money.

    Obama could sprout horns and the liberals would vote for him.
    Santorum could proclaim himsself the second coming and conservatives would vote for him.
    Romney could well eat a child for breakfast and somehow Conservatives would justify it.

    The Republicans got Obama on drilling on public lands and the Keystone project. He should hope the gas prices come down.

    The 350% , is on private lands, its down on public lands and offshore leases.

    http://naturalresources.house.gov/News/DocumentSingle.aspx?DocumentID=229180

    You can point fingers back and forth but Democrats including Obama and Clinton in 2008 exploited gas prices. So why not expect it to be a issue in 2012?
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    Feb 28, 2012 5:46 AM GMT
    musclmed said
    Christian73 said
    freedomisntfree said
    wrestlervic saidObama doesn't control gas prices, greedy speculators and oil companies do. You know, the oil companies he doesn't want us to rely upon. Exxon has record profits, but they don't lower prices. They're to blame.


    Obviously, I think we know that so what do we do about the old supply demand quandary? One really easy fix.


    Drilling in the US has gone up 350% since Obama became president. And the US is a net exporter of oil and gas products for the first time in 60 years.

    But, as we all know, oil is traded on an international market, so drilling in the US (short of our creating tariffs on foreign oil) does not and will not lower the price of gas.

    Playing off the ignorance of the American people is despicable.


    As unfair as it seems the same rational explains the last election. The portion of the electorate that swings the election basically shops at the Circle K and gets pissed off when there is no beer money.

    Obama could sprout horns and the liberals would vote for him.
    Santorum could proclaim himsself the second coming and conservatives would vote for him.
    Romney could well eat a child for breakfast and somehow Conservatives would justify it.

    The Republicans got Obama on drilling on public lands and the Keystone project. He should hope the gas prices come down.

    The 350% , is on private lands, its down on public lands and offshore leases.

    http://naturalresources.house.gov/News/DocumentSingle.aspx?DocumentID=229180

    You can point fingers back and forth but Democrats including Obama and Clinton in 2008 exploited gas prices. So why not expect it to be a issue in 2012?


    Exploited gas prices for what? Oh right..to promote ALTERNATIVE FUEL, you have no new ideas, just further reliance on old ones.
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    Feb 28, 2012 5:47 AM GMT
    CuriousJockAZ saidIt cost me $106 to fill up my truck today. It's not Obama's fault -- it's MINE for driving a gas guzzling SUV


    I actually agree with you for once, Americans bitch and whine about gas prices but every year a bigger and better truck/suv comes out and everyone just has to have it.
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    Feb 28, 2012 5:47 AM GMT
    http://www.realclearpolitics.com/articles/2012/02/27/mr_president_oil_drilling_could_make_a_big_difference_113263.html
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    Feb 28, 2012 7:28 AM GMT
    The big beast will have to mostly stay in this summer. Sad

    DSCN0874-1.jpg
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    Feb 28, 2012 8:49 AM GMT
    CuriousJockAZ saidObviously, the gas prices are going to put any recovery on the skids. Regardless, it's absolutely ludicrous to blame any president for the price of gas. Though, admittedly, turning down Keystone was a real disappointment --- and it sure didn't help matters.

    Obama takes a hit because his actions did not help, and that includes the policy towards Iran which has influenced the price. He has also in the past stated satisfaction in higher prices because they will motivate the use of green energy. He won't say it now but numerous videos exist and they are toxic for him. Lastly, it's politics. Today I watched the Democrats 4 years ago state the high gas prices was the result of Bush's failed mid-east policy and failed energy policy. Works both ways, you know. Obama will definitely be taking the hit.
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    Feb 28, 2012 2:21 PM GMT
    The keystone thing is laughable. Use logic.

    Logic dictates Canada should be awash in oil and enjoying low gas prices as keystone didn't happen and the oil still here, right?

    Well, guess what? We're nearing $6.00 a gallon.


  • musclmed

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    Feb 28, 2012 2:48 PM GMT
    meninlove said The keystone thing is laughable. Use logic.

    Logic dictates Canada should be awash in oil and enjoying low gas prices as keystone didn't happen and the oil still here, right?

    Well, guess what? We're nearing $6.00 a gallon.




    No it isnt logical. If you study the oil and gas futures market it has little to do with actual shortages but more to do with future positions and speculators.

    Even short term positions like energy policy dictate the positions of speculators.

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    Feb 28, 2012 3:49 PM GMT
    On June 24, 2008, Obama said in demonizing Bush:

    What Washington has done is what Washington always does – it's peddled false promises, irresponsible policy, and cheap gimmicks that might get politicians through the next election, but won't lead America toward the next generation of renewable energy. And now we're paying the price. Now we've fallen behind the rest of the world. Now we're forced to beg Saudi Arabia for more oil. Now we're facing gas prices over $4 a gallon – gas prices that are decimating the savings of families who are already struggling in this economy. Like the man I met in Pennsylvania who lost his job and couldn't even afford the gas to drive around and look for a new one. That's how badly folks are hurting. That's how badly Washington has failed
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    Feb 28, 2012 3:51 PM GMT
    musclmed said
    meninlove said The keystone thing is laughable. Use logic.

    Logic dictates Canada should be awash in oil and enjoying low gas prices as keystone didn't happen and the oil still here, right?

    Well, guess what? We're nearing $6.00 a gallon.




    No it isnt logical. If you study the oil and gas futures market it has little to do with actual shortages but more to do with future positions and speculators.

    Even short term positions like energy policy dictate the positions of speculators.



    Correct ^^^^^^^^^. True Bush waited too long, but take a look how he caused it to drop in half by the end of his 2nd term.

    President Bush’s response to $4/gallon gasoline was to lift presidential and congressional moratoriums on expanded drilling in the Outer Continental Shelf, a move that many critics say came too late
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    Feb 28, 2012 4:21 PM GMT
    http://www.realclearpolitics.com/articles/2012/02/28/to_newt_cheap_gas_is_good_113276.html
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    Feb 28, 2012 4:36 PM GMT
    meninlove said The keystone thing is laughable. Use logic.

    Logic dictates Canada should be awash in oil and enjoying low gas prices as keystone didn't happen and the oil still here, right?

    Well, guess what? We're nearing $6.00 a gallon.




    Your price is around $6CAD/gal because oil is bought and sold on a global market. You are facing (slightly diluted) competition for global consumption from not only us Yanks, but also from industrializing mega-nations like India and China, as well as third world countries that are increasing their standards of living (however many years or decades they may be behind North America, Europe, and Japan/S. Korea/Australia/NZ).

    We are trading near $4USD (and likely to hit upwards of $5.00-5.50 by the end of the summer traveling season as speculators game the system to drive up the raw cost of oil - watch the WTI as it creeps up on $200/bbl) especially if there is more sabre-rattling toward Iran.

    Not to mention factors like a weakening USD due to unsustainable (US) federal spending and soaring debt, and that dragging down the economies of other first world nations (to the degree that they help keep the US "afloat".

    Any price difference nations or even subnational entities track to federal, state/provincial, and local taxes added on to the cost of shipping, refining, storage, and transport of the dead dinosaur gravy into your cars as gasoline, into your aircraft as JP8, into your farm tractors and heavy goods vehicles and trains as diesel, your homes as heating oil, and as lubricants and components of fertilizers and plastics and etc.
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    Feb 28, 2012 4:48 PM GMT
    The path to lowering the cost of gas (oil in general) will be to pull out of the Middle East entirely, leaving Israel to (very capably) fight her own battles, to let Iran have her nukes (and rebalance our nuclear deterrent and ABM/second strike doctrine accordingly)...

    and aggressively pursue a policy of drilling for all possible fossil fuel sources to be sequestered for domestic use only, while optimizing our energy strategy to safely disengage terrorist regimes and leave them to wither and rot.
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    Feb 28, 2012 4:54 PM GMT
    wrestlervic saidObama doesn't control gas prices, greedy speculators and oil companies do. You know, the oil companies he doesn't want us to rely upon. Exxon has record profits, but they don't lower prices. They're to blame.


    You should try again when you understand more about what you are talking about.

    1) Exxon may well be showing record profits, they are also being taxed at about 40% and unlike Warren Buffett they are actually paying their taxes. The oil companies operate on an 8% profit margin. I don't hear you and the rest of the liberals on here complaining about the profits of the companies you like (Apple, Google or Facebook to name just a few) that operate on a profit margin of 20-25%. Where's your outrage directed at them?

    2) To blame the "greedy speculators" for the rise in gas prices at the pump just shows the extent to which you don't understand the important function of moderating price volatility that speculators fulfill in the market.
    If you look at the the Onion market since congress removed the speculators in the 1950, you will see that one week onion prices rise to over $0.30/lb and fall in the following week to $0.06/lb and then again spike. If you look at toil prices over the same periods you will see that the rises and falls in oil prices are much less dramatic.
    If you then look at the dairy market you will see that until recently dairy prices were held artificially high by government price controls. When the price controls were supports were lowered in the 1990, a period of extreme price volatility was experienced in the dairy market. In 1993 Futures contracts entered into the market for dairy products and as with oil, there are swings in price, but when you look at the three markets the dairy market shows much less dramatic volatility in price coming more in line with that of oil, demonstrating that speculators function in the market to moderate price volatility.

    3) You also fail to understand that oil is a world commodity. There are other countries seeking to gain secure supplies of oil. The fact that the heads of state of European nations expect trouble in the Middle East that will lead to a disruption in their supplies and the fact that Iran announced that it would stop sending it's oil to European countries has sent those countries into the market place to try and make up for the expected loss of supply.
    The fact that China and India are continuing their march towards industrialization and that industrialization is fueled by fossil fuels and not pixie dust and dreams of growing algae has added to world demand for oil.

    4) Oil is pegged to the U.S. dollar, meaning that oil is traded on the world market in U.S. dollars. The fact of the matter is that because of this President and congresses' failure to see the situation that continuing to spend money we don't have in conjunction with the Federal Reserves continued policy to print far more money than the economy can bare has unintended consequences. In short because of the continuing deficit spending under this president and continued printing of the U.S. dollar, our currency is being debased. What that translates to is that the price of gas is not going up, but the value of the dollar is falling.

    Maybe you should get a few facts and try to understand the situation before you try to vilify a whole industry.