Gas Prices

jlew24asu

OPEC cut production today by 1 million barrels and prices changed little. The PRICE of oil changes on the open market. not in the white house. or at the house of saud.

http://www.foxnews.com/story/0,2933,219637,00.html

given to grunge

.......w H E N T H E G A S I N M Y T A N K F E E L S L I Ke


M O N E Y I N T H E B A N K.........


*****driving A Car Is A Luxury******

sponger

tarotvixen wrote:

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

you guys don't use gas?

SundaySilence

jlew24asu wrote:

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.

Thanks for the financial advice. But most americans don't invest in oil companies. America's need for oil is influenced by the national energy policy. In the development of this policy, Bush takes advice from secret sources behind closed doors. Those secret sources include big oil; who lie to america about it during testimony before congress.

http://www.washingtonpost.com/wp-dyn/content/article/2005/11/15/AR2005111501842.html

"A White House document shows that executives from big oil companies met with Vice President Cheney's energy task force in 2001 -- something long suspected by environmentalists but denied as recently as last week by industry officials testifying before Congress."


In addition to influence over demand, Bush has influence over supply. His ties to big oil and Saudi royalty have been mentioned. And other presidents with looser ties to the Saudis have asked them to sway the price of oil, including democrats Clinton and Carter. And again, Bush has been caught trying the very scheme you claim can't happen.

jlew24asu wrote:

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.

Earlier you suggested seeking out alternative fuel. Now you suggest a strategy of waiting until its "ready".

Money may or may not be the drive. There is a tremendous investment by big oil in their infastructure. The longer we wait for new fuels the greater the return on this investment. Renewable fuels may be less lucrative than oil. There is less potential for a small number of entities to control the resource if it is renewable.

jlew24asu wrote:

OPEC cut production today by 1 million barrels and prices changed little. The PRICE of oil changes on the open market. not in the white house. or at the house of saud.

I don't know if recent oil and gas prices are politically related. I doubt you do either. But Bush has tried it before. And the US-Saudi relationship has a large impact on the global oil market. Ever since Franklen Roosevelt met with King Abdul Aziz ibn Saud in 1945 to agree to defend the House of Saud in exchange for privaleged access to oil.

jlew24asu

SundaySilence wrote:

Thanks for the financial advice. But most americans don't invest in oil companies. America's need for oil is influenced by the national energy policy. In the development of this policy, Bush takes advice from secret sources behind closed doors. Those secret sources include big oil; who lie to america about it during testimony before congress.

America's need for oil is not influenced by the national energy policy. its influenced by a need to fill your gas tank when its empty. or to heat your house in the winter.

SundaySilence wrote:

In addition to influence over demand, Bush has influence over supply. His ties to big oil and Saudi royalty have been mentioned. And other presidents with looser ties to the Saudis have asked them to sway the price of oil, including democrats Clinton and Carter. And again, Bush has been caught trying the very scheme you claim can't happen.

again, this thread is about the correlation between the price of gas dropping and republicans staying in office. you claim to think Bush has influence of demand and supply. he doesnt. the price of oil is set on the open market. bush's influence (or any president) barely moves the price enough for anyone to notice. his influence comes if we start bombing Iran. if Iran takes there oil off the market due to bush's actions, the price will sky rocket.

SundaySilence wrote:

Earlier you suggested seeking out alternative fuel. Now you suggest a strategy of waiting until its "ready"..

and? "suggesting a strategy?" sorry im not here to suggest a strategy. I would love and alternative fuel source so we can cut ties with mideast oil. I, like the rest of us, have to wait until its ready.

SundaySilence wrote:

I don't know if recent oil and gas prices are politically related. I doubt you do either. But Bush has tried it before. And the US-Saudi relationship has a large impact on the global oil market. Ever since Franklen Roosevelt met with King Abdul Aziz ibn Saud in 1945 to agree to defend the House of Saud in exchange for privaleged access to oil.

sorry dude, I do know. I do it for a living. I work for a trading firm that deals heavily in oil. the recent price moves have absolutely nothing to do with politics. NOTHING.

"US-Saudi relationship has a large impact on the global oil market" wow did you use google to find that out or figure it out on your own? we use over 20 million barrells of oil per day. guess which country produces the most oil? good thing Roosevelt did that or we might be paying 10 bucks a gallon for gas.

callen

jlew24asu wrote:

the recent price moves have absolutely nothing to do with politics. NOTHING.

quote]

Have you checked out reason we got back to 59 bucks yesterday??? Norweigen Platforms closed due to government mandates.....yes along with smaller reserves for distillates and heating oil...but there's daily news on actions of governments that do influence price of oil.....now as I've stated with you before...yes Georgy can't call his buddies and say drop the price by 10 bucks...but governments can and do affect the price of oil...to what extent..well thats the real question...but they do.
And...oil companies can also affect the price of gas in the US..and thats really what wer're talking about....lower the price of gas...less resentment towards current administration...and again I'll use the BP Alaskan pipeline example...or keeping refinery off line for repairs...or not building more refineries to ease the supply/demand relationship.

peace...

Callen

jlew24asu

callen wrote:

jlew24asu wrote:

the recent price moves have absolutely nothing to do with politics. NOTHING.

quote]

Have you checked out reason we got back to 59 bucks yesterday??? Norweigen Platforms closed due to government mandates.....yes along with smaller reserves for distillates and heating oil...but there's daily news on actions of governments that do influence price of oil.....now as I've stated with you before...yes Georgy can't call his buddies and say drop the price by 10 bucks...but governments can and do affect the price of oil...to what extent..well thats the real question...but they do.
And...oil companies can also affect the price of gas in the US..and thats really what wer're talking about....lower the price of gas...less resentment towards current administration...and again I'll use the BP Alaskan pipeline example...or keeping refinery off line for repairs...or not building more refineries to ease the supply/demand relationship.

peace...

Callen

your right I should be more clear. NOTHING isnt exactly true. but its not the the extent that most people think. and most people think the price of oil has something to do with politics. it doesnt. that was more the point I was trying to make. the price will change based on governmental policies, but again, very little. the price changes over time still are influenced by supply and demand. not whether big OIL or kind Saud wants a republican to stay i noffice. you are correct in most of your statements. except maybe the last part. oil companies dont build more refineries because nobody "wants them in their backyard". also, oil companies will not lower the price of gas to lower resentment for bush. they lower the price of gas based on the price they pay for a barrel of oil. oil prices went up the past few days due to what you mentioned (i didnt know that but I'll take your word for it) and OPEC cutting supply by 1 million barrells. this week or next the price of gas will go up a few pennies. regardless of how close we are to November

jlew24asu

everyone loves the wiki

http://en.wikipedia.org/wiki/Oil_price_increases_of_2004_and_2005


some good info here.

callen

jlew24asu wrote:

everyone loves the wiki

http://en.wikipedia.org/wiki/Oil_price_increases_of_2004_and_2005


some good info here.

course I would much rather believe its Bush's fault okay...damnit. :-)

SundaySilence

jlew24asu wrote:

America's need for oil is not influenced by the national energy policy. its influenced by a need to fill your gas tank when its empty. or to heat your house in the winter.

The national energy policy affects the efficiency with which these things are done. Demand could be reduced by increasing fuel economy standards, renewable energy tax credits, and more incentives for biofuels.

jlew24asu wrote:

again, this thread is about the correlation between the price of gas dropping and republicans staying in office. you claim to think Bush has influence of demand and supply. he doesnt. the price of oil is set on the open market. bush's influence (or any president) barely moves the price enough for anyone to notice. his influence comes if we start bombing Iran. if Iran takes there oil off the market due to bush's actions, the price will sky rocket.

He tried it before. Why would you be sure he wouldn't try it again.

jlew24asu wrote:

sorry dude, I do know. I do it for a living. I work for a trading firm that deals heavily in oil. the recent price moves have absolutely nothing to do with politics. NOTHING.

This doesn't make you privy to reasoning behind Saudi oil market decisions.

jlew24asu wrote:

"US-Saudi relationship has a large impact on the global oil market" wow did you use google to find that out or figure it out on your own? we use over 20 million barrells of oil per day. guess which country produces the most oil? good thing Roosevelt did that or we might be paying 10 bucks a gallon for gas.

So a US president close to the Saudis can affect the price of gas and oil. Got it.

jlew24asu wrote:

everyone loves the wiki

http://en.wikipedia.org/wiki/Oil_price_increases_of_2004_and_2005


some good info here.

From your source:

"The short term price of oil is partially controlled by the OPEC cartel and the oligopoly of major oil companies."

jlew24asu

Sunday we seem to be going back and forth about nothing. I'm not going to break down your every sentence anymore.

the original poster of this thread was wrong in thinking that the recent drop in the price of gas had something to do with republicans wanting to win the november election. that is false. 100%. OPEC doesnt give a fuck who is in power. whether it be george bush or oprah. they decide where they think the global market can handle the price without putting the world into a recession. in 1998 price was $20. in december 04 it was at $40. price steadily rose up and the global economy was able to stomach higher and higher prices. OPEC knows this. they recently cut production by 1 million barrells again to level prices near $60. and even that didnt help much becuase demand has gone down as we creep into winter.

I do this for a living, and unless you do as well, I have much more knowledge about this than you.

yes government and big oil companies have some influence of prices. but its not much. the true price of oil is measured in supply and demand. and in the trading pits of new york and london.

anyone who believes republicans have the power to control price during an election time is flat out wrong.

parel jam

Hey guys, what's the current price in the US?

When I was in FL I paid approx. $1,90 per gallon in Nov 2004, and about $2,30 per gallon in May 2005 (regular gas)

Here in the Netherlands, we pay like 1,40 Euros per liter. That's about $ 6,70 per gallon... :(

jlew24asu

parel jam wrote:

Hey guys, what's the current price in the US?

When I was in FL I paid approx. $1,90 per gallon in Nov 2004, and about $2,30 per gallon in May 2005 (regular gas)

Here in the Netherlands, we pay like 1,40 Euros per liter. That's about $ 6,70 per gallon... :(

wow thats alot. I'll assume your right. I suck at the metric system. here are current US prices

http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html

stupidcorporatewhore

parel jam wrote:

Hey guys, what's the current price in the US?

When I was in FL I paid approx. $1,90 per gallon in Nov 2004, and about $2,30 per gallon in May 2005 (regular gas)

Here in the Netherlands, we pay like 1,40 Euros per liter. That's about $ 6,70 per gallon... :(

this comes up every time. Do you have public healthcare?

Take one wild guess how that's paid for.

It's probabably a good idea to fill up on election night just to be safe.

The question is: will prices spike on Nov. 8th or will they raise them gradually and then make a trucload of (bad) exuses as to why it went up?

callen

stupidcorporatewhore wrote:

this comes up every time. Do you have public healthcare?

Take one wild guess how that's paid for.

It's probabably a good idea to fill up on election night just to be safe.

The question is: will prices spike on Nov. 8th or will they raise them gradually and then make a trucload of (bad) exuses as to why it went up?

we piss off sooo much money to drive SUV's and trucks as well as polution and traffic. Just visited Netherlands, Germany and Switzerland....was sooo nice not having an Expedition breathing down my neck. One day...

MrBrian

The gas prices quickly rise 3 dollars, then drop 1 dollar and people are happy.
Now that the prices are "down" I bet SUV sales are gonna pick up again.