Gas Prices

Milestone

jlew24asu wrote:

I guess the oil companies should just close up shop in 08 then right? if a democrat wins they are doomed.

I thought we were talking about gas prices plumetting before the the '06 congressional elections. You are talking about presidential '08?

Either way....nothing will change that drastically if dems win. But there will be a stronger push for alternative resources (which is actually the best way to fight terrorism).

inmytree

jlew24asu wrote:

really? oil companies sell gasoline based on the price of oil. they buy oil and refine it. if the price of oil is $20 then gas prices would be $1.00 a gallon. guess what the price of oil isnt $20. its $60. why is it that price? because of republicans right?

your comment is so ridiculous. I guess the oil companies should just close up shop in 08 then right? if a democrat wins they are doomed.

and the price of oil can be manipulated via supply, correct...? and correct me if I'm wrong, China and India (recent excuses) are still thirsty for oil, right...?

Iran is still "saber-rattleing" (yet another excuse), right..?

Nigeria is still unstable (yup, another excuse), right...?

listen, all I'm saying is that I'm skeptical...and Milestone raises good points, which I'm sure will fall on deaf ears (or blind eyes)...

jlew24asu

Milestone wrote:

I thought we were talking about gas prices plumetting before the the '06 congressional elections. You are talking about presidential '08?

Either way....nothing will change that drastically if dems win. But there will be a stronger push for alternative resources (which is actually the best way to fight terrorism).

06 or 08 doesnt matter. government has nothing to do with the price of oil. everybody understand now? good.


and i'm with you, lets find an alternative method. fine with me.

given2fly78

chopitdown wrote:

i filled up for 1.91/g the other day.

wow! got $2.59 the other day in Syracuse, NY and thought it was a deal!

binauralsounds

inmytree wrote:

and you came back, why...?

Becuase I felt like it. Any other questions??

Plus Im unemployed now and have alot of time to spend on here now...
Look foward to seein ya.

jlew24asu

binauralsounds wrote:

Becuase I felt like it. Any other questions??

he is just skepitcal that you work for the government and are plotting out how to take him down.

inmytree

jlew24asu wrote:

he is just skepitcal that you work for the government and are plotting out how to take him down.

durr de dum dum durrrrr....

inmytree

binauralsounds wrote:

Becuase I felt like it. Any other questions??

Plus Im unemployed now and have alot of time to spend on here now...
Look foward to seein ya.

sorry to hear you're not working, I hope it was by choice...good luck...

jlew24asu

inmytree wrote:

durr de dum dum durrrrr....

the point of this thread was completely shot down last week when OPEC cut production. let me remind you.....


the original poster suggested that gas prices coming down were connected to our corrupt government trying to win the election in November. several people agreed.

OPEC cut production, casuing the price of oil to go up (hence gas goes up). is that good or bad for republicans right now? I guess they are even bad at being corrupt.

binauralsounds

inmytree wrote:

sorry to hear you're not working, I hope it was by choice...good luck...

Unfortunately, it was not by choice. Was a production manager for a locally owned company here in town and after 13 years.. POOF!!! Company closed!!Owner drug the company into the ground! With all my experience, still can't get a job. SUCKS!! But what ya gonna do right?

Thanks for the luck. I need it!

sonicreducer

jlew24asu wrote:

yes, the supply is controlled from OPEC. they supply 40% of oil to the world. last week they decided to cut production to raise the price. wouldnt that hurt the republicans during this election time? if you want to believe corruption is everywhere fine. that has nothing to do with the government being able to control the price of oil. they dont.

what im saying isn't necessarily tied to republicans and winning. it's a dynamic process. why is everyone so cut and dry lately? extreme one way or the other,... i think there are a few people in position that are taking advantage of the situation and price galging (sp) the shit out of people, only b/c we are dependent on it. im sure bush sees profit from big oil. i hope you wouldn't doubt that. no, i don't think bush is directly in control of the price of oil. i think he has ties with big oil; wherein, he sees profit and has made big decisions with oil in mind. im sure big oil is somewhat dependent on bush.

i could be wrong though. im not an economist.

SundaySilence

jlew24asu wrote:

speculative traders dont work for the government. the carry all the risk themselves of the trades they make. thankfully the government makes laws prohibitting these traders from cornering markets and abusing the system such as the enron boys.

Enron and other large traders asked the government to slip a loophole into the law in 2000 allowing them to manipulate the energy markets, including oil. The government did.

http://www.senate.gov/~govt-aff/index.cfm?Fuseaction=PressReleases.View&PressRelease_id=1278&Affiliation=C

inmytree wrote:

yeah, yeah...I'm bashing bush again...blinded by hate, yet again...

forgive me for being skeptical of the powers that be, be it bush, congress (both parties), and OPEC...

unlike you, I don't follow blindly, I like to question..

our current gov't has done nothing to show they are trustworthy...with wmd's and lack there of, warrentless wiretaps, hiding facts about a child predator, cheney meeting with energy execs behind closed doors, abramoff, and I'm sure there are a couple more...again, sorry for being skeptical...

For all those reasons and others you shouldn't apologize for being skeptical. You are right not to follow blindly. You are right to question. They've tried it before, let me remind you...

http://www.forbes.com/home/newswire/2004/04/18/rtr1335645.html

Saudis pledged oil price cut before US vote-report
Reuters, 04.18.04, 4:33 PM ET

WASHINGTON (Reuters) - Saudi Arabia's ambassador to the United States, Prince Bandar bin Sultan, promised President Bush the Saudis would cut oil prices before November to ensure the U.S. economy is strong on election day, journalist Bob Woodward said in a television interview Sunday.

jlew24asu wrote:

06 or 08 doesnt matter. government has nothing to do with the price of oil. everybody understand now? good.


and i'm with you, lets find an alternative method. fine with me.

lets

OutOfBreath

jlew24asu wrote:

wow thats a bold statment. price will be 2 dollars by November. guess what genius oil prices go down in the winter. this subject makes me more angry becuase you people have no idea what you are talking about.

NEWS FLASH

the government has no control over the price of oil. its a freely traded commodity. and supply is mostly controlled by OPEC. USA is not part of OPEC. some might not have known that either.


take a look at the price of oil over time. it goes down in NOVEMBER. yes, even in a non-election year. shocking isnt it?

http://www.tfc-charts.w2d.com/hist_CO.html


stop blaming every goddamn thing on the government

Just a side-remark here. You say that oil is a freely traded commodity and governments have no influence on it. Well maybe. Governments of oil-producing countries certainly have influence on it. But enough of that.

A freely traded commodity can certainly be manipulated by the people buying it, and particularly the high rollers who buy and/or sell alot of it. they will have an effect on markets, and can manipulate prices if they go about it nimbly enough. Also, not that I have specific knowledge about market analysis and price speculation, but in economic issues in general, it seems people follow the stream, and often base their analysis on similar sources, if not the same. So by controlling a pivotal business or source in the economy, one can be in a position to control prices. My main point is that markets lend themselves nicely to manipulation by big and/or influential actors. May not be the US government, but manipulation, gouging and artificial inflation or deflation of prices is certainly possible. In the language of today free market merely means "in the control of the big money guys" for the most part.

That being said, annual price fluctuation does happen, as the graphs also show, and I am not doubting your knowledge on this. Just saying generally.

Peace
Dan

jlew24asu

OutOfBreath wrote:

Just a side-remark here. You say that oil is a freely traded commodity and governments have no influence on it. Well maybe. Governments of oil-producing countries certainly have influence on it. But enough of that.

A freely traded commodity can certainly be manipulated by the people buying it, and particularly the high rollers who buy and/or sell alot of it. they will have an effect on markets, and can manipulate prices if they go about it nimbly enough. Also, not that I have specific knowledge about market analysis and price speculation, but in economic issues in general, it seems people follow the stream, and often base their analysis on similar sources, if not the same. So by controlling a pivotal business or source in the economy, one can be in a position to control prices. My main point is that markets lend themselves nicely to manipulation by big and/or influential actors. May not be the US government, but manipulation, gouging and artificial inflation or deflation of prices is certainly possible. In the language of today free market merely means "in the control of the big money guys" for the most part.

That being said, annual price fluctuation does happen, as the graphs also show, and I am not doubting your knowledge on this. Just saying generally.

Peace
Dan

your right. buyers and sellers control the price of oil. they "maniuplate" the price. they also take on the risk of those trades.

also needs to be mentioned, 40% of the supply is controlled by OPEC. so oil isnt exactly a "freely" traded commodity. price is set on the open market, supply is not. those fucks can do whatever they feel is right. such as cutting supply to keep the price above 60 dollars a barrel.


my whole point from the beginning is government does not have anything to do with the recent price drop. or rise for that matter. everyone here believes bush is "in" with the oil compnaies. guess what, so are 99.9% of americans. we need oil.


lets find an alternative. and let OPEC takes baths in all their un needed oil.

SundaySilence

jlew24asu wrote:

your right. buyers and sellers control the price of oil. they "maniuplate" the price. they also take on the risk of those trades.

And big oil has a history of illegally cornering energy markets.
http://www.usdoj.gov/opa/pr/2006/June/06_crm_401.html
"WASHINGTON – Dennis N. Abbott, a former trader at a U.S. subsidiary of British Petroleum, has pleaded guilty to conspiring to manipulate and corner the propane market in the winter of 2004, Assistant Attorney General Alice S. Fisher of the Criminal Division announced today."

jlew24asu wrote:

also needs to be mentioned, 40% of the supply is controlled by OPEC. so oil isnt exactly a "freely" traded commodity. price is set on the open market, supply is not. those fucks can do whatever they feel is right. such as cutting supply to keep the price above 60 dollars a barrel.

my whole point from the beginning is government does not have anything to do with the recent price drop. or rise for that matter. everyone here believes bush is "in" with the oil compnaies. guess what, so are 99.9% of americans. we need oil.

Of course bush and his administration is "in" with the oil companies.
http://news.bbc.co.uk/2/hi/americas/1138009.stm
"What makes the new Bush administration different from previous wealthy cabinets is that so many of the officials have links to the same industry - oil."

They are also in business with the Bin Laden family and have close business and personal ties to Saudi Royalty.
http://www.slate.com/id/2117535/

jlew24asu wrote:

lets find an alternative. and let OPEC takes baths in all their un needed oil.

Yes, we need a change in leadership.

iamica

Gas prices rise dramatically after Memorial Day, and then fall after Labor Day. It happens every single year, and every single year the media makes a big deal out of both events, like they're the first time this has ever happened, and people seem surprised about it every year. Pay attention next year and see what happens.

jlew24asu

SundaySilence wrote:

And big oil has a history of illegally cornering energy markets.
http://www.usdoj.gov/opa/pr/2006/June/06_crm_401.html
"WASHINGTON – Dennis N. Abbott, a former trader at a U.S. subsidiary of British Petroleum, has pleaded guilty to conspiring to manipulate and corner the propane market in the winter of 2004, Assistant Attorney General Alice S. Fisher of the Criminal Division announced today."

trying to corner markets has been happening in all commidites since the beginning. it doesnt just apply to oil or energy commidites. but you are correct.

SundaySilence wrote:

Of course bush and his administration is "in" with the oil companies.
http://news.bbc.co.uk/2/hi/americas/1138009.stm
"What makes the new Bush administration different from previous wealthy cabinets is that so many of the officials have links to the same industry - oil."

They are also in business with the Bin Laden family and have close business and personal ties to Saudi Royalty.
http://www.slate.com/id/2117535/

he may have an in with the oil companies but so does america. we need oil. its a sad fact. if you invest in oil companies, chances are you will make money.




if democrats win in 08, they seem to embrace technology much better then republicans. not sure if a political party can bring an alternative fuel faster though. imagine how much money will be made when it becomes available. if and when its ready to be mass produced, it will. regardless who is in office.

OutOfBreath

jlew24asu wrote:

lets find an alternative. and let OPEC takes baths in all their un needed oil.

I agree, and I'm from OPEC-oil-benefitting Norway. However, unless the alternative is dirt-cheap, won't this whole thing just happen again with another commodity?

Peace
Dan

tarotvixen

That's nothing! In Australia we have a fuel alternate -LPG which is the gas by product from distilling petrol. When petrol prices here finally dropped by 9cents a litre, there wasn't a corresponding drop in LPG. True we only pay 54.9 cents a litre when it's at the bottom of the price cycle (price can vary by as much as 10 cents a litre in one week) but this is a waste product that just used to be vented into the air so being able to use it is really good for the planet. Ten years ago when I started driving, the price was around 12cents a litre and the most expensive high was 20cents. The price rises and falls have nothing to do with petrol prices, they are just revenue raising

jlew24asu

OutOfBreath wrote:

I agree, and I'm from OPEC-oil-benefitting Norway. However, unless the alternative is dirt-cheap, won't this whole thing just happen again with another commodity?

Peace
Dan

well thats the point. it all matters on what that alternative is. the goal, I would think of an alternative, is to use "it" less and have "it" last longer. either way, there will be a demand and supply for that product. price, like always, will be based on that.