$2 a gallon gas?

#2
#2
Every now and then, John Dingell manages to take positions that I could possibly live with... :blink:
 
#3
#3
Sure seems like a lot of people feel that the speculation has gotten out of control. Even the Republicans are worried about it since its nailing them at the polls.
 
#4
#4
lawgator1 said:
Sure seems like a lot of people feel that the speculation has gotten out of control. Even the Republicans are worried about it since its nailing them at the polls.
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Too bad that the possible next POTUS (Obama) thinks it's just fine being as high as it is.
 
#5
#5
lawgator1 said:
Sure seems like a lot of people feel that the speculation has gotten out of control. Even the Republicans are worried about it since its nailing them at the polls.
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I don't say this often LG, but you are exactly right.
 
#6
#6
lawgator1 said:
Sure seems like a lot of people feel that the speculation has gotten out of control. Even the Republicans are worried about it since its nailing them at the polls.
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the dems should be worried as well, after all, Pelosi promised to do something about gas prices within the 1st 100 days of her House leadership. Since then it's increased nearly $2 per gallon.
 
#7
#7
MG1968 said:
the dems should be worried as well, after all, Pelosi promised to do something about gas prices within the 1st 100 days of her House leadership. Since then it's increased nearly $2 per gallon.
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Maybe she did do something about it? :question:
 
#10
#10
IMO we will see $200/barrel oil before we see $2 gal/gas. OPEC is already predicing $170 in 6 months.

The lack of an energy policy and investment in alternative fuels, nuclear, etc is coming home to roost I'm afraid.
 
#11
#11
is that they do not care how it hurts the working class. They could have done something about it a year and a half ago and brought Bush to his knees. But all they are interested in is pairing a Democratic White House with a liberal congress, then they will show the working class what they think is fair.

I have news for them. We are on the verge of a total economic collapse that will make 1929 look like May Day for the Communist party. The problem with creating government programs will only increase our debt and de-value the dollar more than it already is. At that time we will think that $4/gallon was a bargain.

Political promises do not necessarily equal accomplishments. And I am afraid that we are in for more of the same.
 
#12
#12
I do think it's rather funny that Obama says it would take 4-5 years to notice a difference if we drilled, but when we tried to drill (get this) 5 years ago, guess who blocked it?
 
#13
#13
oklavol said:
IMO we will see $200/barrel oil before we see $2 gal/gas. OPEC is already predicing $170 in 6 months.

The lack of an energy policy and investment in alternative fuels, nuclear, etc is coming home to roost I'm afraid.
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$170 is cheap, just wait till Iran starts firing missiles into Israel.
 
#17
#17
Gas is low because global demand has declined due to the global recession. The issues that caused gas to go so high will resurface when the economy picks up in a couple of years.

Presidents don't have that much to do with immediate gas prices. They're just easy targets to blame for anything one feels like.
 
#18
#18
IPorange said:
Gas is low because global demand has declined due to the global recession. The issues that caused gas to go so high will resurface when the economy picks up in a couple of years.

Presidents don't have that much to do with immediate gas prices. They're just easy targets to blame for anything one feels like.
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Riddle me this: If demand remains low and per barrel price remains steady in the $45 to $50 area, why has the price of a gallon of gas gone up 25 cents in the last quarter?

Because we've been desenitized to even higher prices such that, as long as they leave it down just below $2, we'll pay it? Hmmmm?
 
#19
#19
lawgator1 said:
Riddle me this: If demand remains low and per barrel price remains steady in the $45 to $50 area, why has the price of a gallon of gas gone up 25 cents in the last quarter?

Because we've been desenitized to even higher prices such that, as long as they leave it down just below $2, we'll pay it? Hmmmm?
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Demand being low, I believe several producers pulled back a bit, and even held tankers to combat the lowered demand with lowered supply for obvious reasons. Also, there is a limited amount of refineries in the US, all of which need maintenance on an annual to biannual basis. Most perform this maintenance in the winter since demand is always lower then, and this directly decreases the production of gasoline. The refineries had been delaying needed maintenance to keep from getting even more heat in the last couple of years from high gas prices, so they are catching up.

Make no mistake, I am not an expert. This is just what I have read and been told. I am not much of a tinfoil hat guy, and these answers make sense to me.

EDIT: I guess the second part of my first paragraph is more relevant than the first.
 
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#20
#20
IPorange said:
Gas is low because global demand has declined due to the global recession. The issues that caused gas to go so high will resurface when the economy picks up in a couple of years.

Presidents don't have that much to do with immediate gas prices. They're just easy targets to blame for anything one feels like.
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That's just a cop out. President's are expected to have an energy policy that will address the nation's need for energy both immediate and long term.
 
#21
#21
oklavol said:
That's just a cop out. President's are expected to have an energy policy that will address the nation's need for energy both immediate and long term.
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too bad that the President is a former community organizer with ZERO experience in the energy sector.
 
#22
#22
oklavol said:
That's just a cop out. President's are expected to have an energy policy that will address the nation's need for energy both immediate and long term.
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why is that? Seems to me that the private market has always been best at driving energy solutions.
 
#23
#23
BigPapaVol said:
why is that? Seems to me that the private market has always been best at driving energy solutions.
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Isn't this market driven by artificially manipulating supply to maintain a certain price? I understand that other market factors affect price, but OPEC can increase and decrease supply on a whim to help drive the price where they want it. In this context, how can alternative solutions being given a chance? It seems to me anytime oil reaches a price where it becomes economically viable to invest in other technologies, the powers-that-be drive the price back down.

I am a market solution advocate, but in this case I think we are driving to a point where for any kind of free market competition to oil to be competitive, we will have to reach the point of actually running out.
 
#24
#24
opec just doesn't have the same impact it once did. there are too many countries that now rely on oil to fund their gov't for these countries to just turn off the pumps.
 
#25
#25
When alternative solutions are viable, they have a chance of ruining OPEC's little game. Until then, we have a job to do in maintaining a presence in the Middle East such that we influence fuel pricing.

Energy policy from the president is stupid. We need him dealing with nat'l security, which IMO, covers the international effects on our economy.
 
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