Oil Price Dropping
SpokenJeremy
Posts: 604
Anyone else see through this b.s. about oil dropping? Seems to me the republicans are in a bit of trouble this coming November, and wouldn't you know it, oil prices are falling. Hmmmmmmmm
Intelligence is the key and she was locked out
Let's Just Pop a Few Yards of Bubble Wrap and Call It a Day!
Don't Die Wondering
Let's Just Pop a Few Yards of Bubble Wrap and Call It a Day!
Don't Die Wondering
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So brutalize me with music.”
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http://en.wikipedia.org/wiki/Correlation_implies_causation_(logical_fallacy)
No I didn't say that. I am saying that is a widely known fact that a lot of Republicans have lots of buddies in the oil industry.
Let's Just Pop a Few Yards of Bubble Wrap and Call It a Day!
Don't Die Wondering
Unfortunately, it's not widely known fact that the oil industry doesn't set oil prices.
If the price of oil stayed where it is, and all of a sudden gas prices reduced, you might have a point, but like mentioned above, oil companies don't set the price of a barrel of oil.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
you can't tell these people that. have a friend at work that cusses bush every day over gas prices..he always says "but he's the president!!!" like he can just go to chevron, get on a ladder and change the prices.
Don't be silly. Only Dick Cheney can do that.
perhaps you are correct...after all, we have no idea how our current energy policy was really written...
I know I've posted something in the past pointing out how the oil companys have manipulated the market, thus leading to the huge profits...I know, I know, that's business...if you're a shyster...
I, too, find in interesting that gas prices are suddenly falling...all the normal excuses are still in place...unrest in the middle east, a storm in the atlantic, unrest in nigeria, saber-rattling in iran...
I just find it.....interesting....
Too bad our "current energy policy" has no direct influence over the price of a barrel of oil.
Oil companies do manipulate the availability of gasoline.
You forgot that gas prices always fall in September.
Is it an unwritten rule around here that interesting surrounded by quotes means "CONSPIRACY!!!!!!!", or am I just making that up?
I figured you'd break this up....;) anyway, please don't put words in my mouth...I said nothing about a conspiracy...
all I'm saying is all the "excuses" are in place, yet prices drop...I happen to find that odd...yes, yes, it's September, blah blah blah....as I've said, every excuse is available, yet prices are dropping and dropping fast...I'd be very curious as to what they will be the 1st of November...
by the way...how do you know our current energy policy has no influence over the price of gas...? it was written behind closed doors....how do we know no one is pulling the strings....
Fair enough.
Look, oil prices are set on the market where the rules of supply and demand rule. Oil prices go down in September because demand for gas drops. It's not "blah blah blah". It makes perfect sense and that's why it happens like clock work.
When prices go up, people talk about secret meetings in the backrooms of oil companies. When prices go down, people talk about secret meetings in backrooms of oil companies. What do you people want? Fixed prices? Oh wait, those require those backroom meetings too.......
has supply suddenly increased...? from what I understand, Iraq has begun importing more oil (I saw this on Mosaic:News from the Middle East)...Nigerian oil production has been decreased by 1/5th...
http://www.ft.com/cms/s/51ec2e78-40da-11db-827f-0000779e2340.html
like everything else in the world, it's all supply and demand.
In the US, for example, sport utility vehicle sales fell 14 per cent in August, while sales of compact cars were up 18 per cent. Opec expects oil consumption in North America to increase by only 90,000 b/d in 2006, compared to the 230,000 b/d jump it experienced in 2005 and 520,000 b/d in 2004.
When the demand for oil falls, the prices fall.
- 8/28/98
- 9/2/00
- 4/28/03, 5/3/03, 7/3/03, 7/5/03, 7/6/03, 7/9/03, 7/11/03, 7/12/03, 7/14/03
- 9/28/04, 9/29/04, 10/1/04, 10/2/04
- 9/11/05, 9/12/05, 9/13/05, 9/30/05, 10/1/05, 10/3/05
- 5/12/06, 5/13/06, 5/27/06, 5/28/06, 5/30/06, 6/1/06, 6/3/06, 6/23/06, 7/22/06, 7/23/06, 12/2/06, 12/9/06
- 8/2/07, 8/5/07
- 6/19/08, 6/20/08, 6/22/08, 6/24/08, 6/25/08, 6/27/08, 6/28/08, 6/30/08, 7/1/08
- 8/23/09, 8/24/09, 9/21/09, 9/22/09, 10/27/09, 10/28/09, 10/30/09, 10/31/09
- 5/15/10, 5/17/10, 5/18/10, 5/20/10, 5/21/10, 10/23/10, 10/24/10
- 9/11/11, 9/12/11
- 10/18/13, 10/21/13, 10/22/13, 11/30/13, 12/4/13
http://www.eia.doe.gov/emeu/ipsr/t21.xls
if memory serves me right, Opec has been saying this sort of thing months....and yes, I'm glad people are use less...I guess my point is, when prices jump, all sorts of excuses are used....now, those same excuses are still around, yet prices go down...please understand, I do comprehend the concept of supply and demand, I really do...I just happen to think it can be manpulated....
anyway, thanks for the link...
First, I think its a very loose connection to state that oil prices are dropping because Repubs need support for the upcoming elections. I could make the statement that oil prices are decreasing because it rained here over Labor Day weekend and the argument would hold just as much water. There has to be cause and effect.
And to say that it is simply a matter of supply and demand isn't correct either. The oil industry, more than any other, is subject to massive amounts of speculation (new oil reserves found in the Gulf of Mex). Furthermore, the vast majority of US oil comes from Canada, Mexico, and the US (not the mid-east)... combined with the fact that oil prices are set on the world market... it just isn't possible.
did you send me a virus....?
Hehe...no.
How are "new oil reserves" not part of supply?
And on what rules to you think the "world market" operate on?
Then i guess it is strange that this year gas prices fell BEFORE Labor Day, no?
no, but it's not that hard to believe that those that do have some influence/control over oil prices know that they profit more with Republicans in control of the government, plus Democrats have already threatened to cut the 12 billion in subsidies given to the oil giants.
Stop by:
http://www.facebook.com/group.php?gid=14678777351&ref=mf
It isn't hard to believe they know that.
nope, it's not
prices started dropping at the end of August, at a time that is traditionally the most expensive time of the year for gas, labor day weekend, while the middle east is getting worse, while there is a partial shutdown of oil production coming out of Alaska (BP pipelines shut down), the threat of Iraqi Shia uniting with the Iranian Shiite government, and two gas refineries are shutdown in the western US for some reason, yet prices are dropping somewhat dramatically, considering where they were expecting to go.
Stop by:
http://www.facebook.com/group.php?gid=14678777351&ref=mf
So now you want me to say that it isn't hard to believe that they not only know what you say above, but that they're actively suppressing oil prices that they have no control over? Sorry.
yes, oh, and I'm not talking about politicians, I'm talking about the oil industy
Stop by:
http://www.facebook.com/group.php?gid=14678777351&ref=mf
I know you are. I wasn't even considering politicians.