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Gas Prices


And why do you think that is?

A. Gas is still just $3.52, not the high $4's we say before
B. Bush was tight with Big Oil and people thought his administration was doing them favors.
C. Iran is thinking of closing the Straight so there is speculation of supply problems.
D. High gas prices is not something that is seen as political payoff from the Obama WH.
E. All of the above

And you think this is a good thing?

First of all, how WOULD you like me to chop your posts?

Second, you figured it all out.

It is Obama's fault. He is making gas prices go up to benefit all his buddies in Big Oil. Let's be honest, Obama's cash base is basically the oil rich state of Texas and he is doing this just for political reasons.

Makes plenty of sense to me.

A) Gas prices today are the highest for any February on record. Apples to apples, please.
B) No one thought that except the media and hysterically hyperventilating liberals who wanted it to be true, and they tried to convince everyone of that. This is sort of the point of this and following day's threads.
C) What??? You mean the Middle East wasn't in the mix when Bush was in office?
D) But high energy prices are the ultimate goal for this administration. The problem with liberals is that if they were intellectually honest with the public, there isn't one of their ideas that would get them ANY political payoff. Not with the internets these days.

I can't speak for thill, but I have a life off of this board too and respond when I can. Don't take silence as evidence of defeat. Only of things larger in my life than responding to ignorant posts.

Sidenote to point B - Look at the payola the "green" companies got from Obama and how they are filing for bankruptcy at the rate of one every three weeks or so.
 
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Does anyone in this thread understand how the gas prices get set?

You see the futures commodity prices on NYMEX (New York Mercantile Exchange). The prices are bid on the WTI (West Texas Intermediate) prices based on oil storage in Cushing Oklahoma.

In the US there is a contract between the oil producer and oil purchaser that sets the price paid by the purchaser or received by the oil producer to the price NYMEX price. So the price is set by the bids and asks on the commodity market daily. The European price is set based on the Brent crude prices rather than the WTI.
 

Fox is very agenda driven. So again, we can expect you not to post daily about this right?


O'Reilly is adamant about blaming the oil companies. He shows his ignorance of the oil industry each time he talks about it.
 
1. The economy was crashing
2. We have become accustomed to higher gas prices/it's not a great shock that gas is going up it's done it EVERY year now for a while at this same exact time of the year
3. It was at the end of Bush's term
4. It was an election year
5. If it climbs up above the $4 range and flirts with the $5 range you're going to see Obama get called out

I know this doesn't match with your "ITS A MEDIA CONSPIRACY I TELL YA!" type of theory, but there are plenty of practical reasons why.

Actually prices are rising earlier this year. It is a little odd that prices are rising at this time of year in light of the low demand.

The fact that the Democrats and their policies have impeded drilling and building of refineries in the US the past 20 years is the primary reason oil and gas prices are high.
 
thill and Rick got real quiet.

Let me see if I get your logic. Prices are set based on supply and demand. Obama and his cronies (the Greenies) are opposed to additional oil production and impede it every chance they get. There efforts reduce the supply of oil. Therefor they should not be blamed for lower supply and higher prices.
 
Heard on the radio yesterday, the US is exporting fuels due to the large reserves we have built up over the last few years. :rolleyes:
 


Actually prices are rising earlier this year. It is a little odd that prices are rising at this time of year in light of the low demand.

The fact that the Democrats and their policies have impeded drilling and building of refineries in the US the past 20 years is the primary reason oil and gas prices are high.

Link for the second part?
 
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Heard on the radio yesterday, the US is exporting fuels due to the large reserves we have built up over the last few years. :rolleyes:
Are you wanting the government to step in and stop oil companies from selling their oil?
 
Link for the second part?

Are your Googles broke?

This isn't something new. It's well known that a new refinery hasn't come online in the US since 1976. There are plenty of stories out there - from a variety of news agencies - in which petroleum experts bemoan the lack of refining capability. There are a few different factors, but the two that generally come up are the cost of building a new refinery and government regulations that make it difficult to build a new refinery. If you had to make a guess, which party would you say had the biggest hand in drafting legislation to limit this activity?
 

Are your Googles broke?

This isn't something new. It's well known that a new refinery hasn't come online in the US since 1976. There are plenty of stories out there - from a variety of news agencies - in which petroleum experts bemoan the lack of refining capability. There are a few different factors, but the two that generally come up are the cost of building a new refinery and government regulations that make it difficult to build a new refinery. If you had to make a guess, which party would you say had the biggest hand in drafting legislation to limit this activity?

Why don't you enlighten us with a link so we don't have to guess?
 
Why don't you enlighten us with a link so we don't have to guess?

Seriously? I'll help you out and give you one from CNN in 2007:
http://money.cnn.com/2007/04/17/news/economy/refineries/
Secondly, stringent environmental laws and effective community organizing have made it very difficult to build a new refinery in the U.S.

"Everyone is quick to say "look at these refiners, they're driving up the price,'" said Phil Flynn Flynn, senior market analyst at Alaron Trading in Chicago. "But if I wanted to build a refinery tomorrow, I couldn't do it."
 


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