Gas Prices Down Because...OBAMA!

[Que]

Blame Hitler. Seriously.

World War 2 created the baby boom.
The first boomers began retiring in 2011, and they'll be steadily growing for the next decade. This means the participation rate is going to drop.

That doesn't explain ALL of the workforce participation rate growth, but a substantial part of it.

Claps...

seriously.

That was the first relevant point I have seen from you, ever...


It happens to be accurate as well if you leave off "substantial". That idea was floated by the administration to explain the dropping participation rate, but even considering the babyboom from roughly 1945 to 1964, there are MORE 16 year-olds every year than 65 year olds.

But regardless of WHY the labor participation rate is down...retiree, or unemployed inner city "ute"...less rush-hour traffic means less gasoline demand, and possibly better national fleet gas mileage.

 

[Sean Renaud]

Except it doesn't because those people still exist and the percentage has nothing to do with the sheer number of people working.

Like I said, bullshit.

 

[FistedSister]

We won't benefit from the pipeline. It'll all go to Japan and China. All we'll get is the polluted land and water.

 

[Que]

Except it doesn't because those people still exist and the percentage has nothing to do with the sheer number of people working.

Like I said, bullshit.

any percentage is the number of parts of one hundred.

The labor participation rate is derived by taking all of the people that could conceivably work and divide it by the people that have a job.

the sheer number of people working is directly related to the labor participation rate because thats how you derive it.

lets say you had a population of eligible workers of 100,000,000 and 64,000,000 of them had jobs.


..................64_____________
64,000,000 )100,000,000

that gives you a labor participation rate of .64 or expressed as a percentage 64%

I didn't work out the math there to be condescending or a smart ass its because the number means something very important...imagine as our population ages (as rob pointed out) or further economic decline as far as jobs..(blame whomever chinese, greed, but its real)..disability claims at dramatic all time high (lets not throw stones lets say none of them CAN work) unemployment at 99 weeks rolls every two years maybe those workers find jobs but another set leave so lets leave that static...

what would you guess would happen to any society if say it gets to 50% meaning one half of everyone must subsist off of (earned) pensions (earned) social security (deserved) entitlements of whatever stripe,,,but they themselves do not pay into the pot from which they draw their subsistence...

for that to work everyone has to produce enough goods and services to feed themselves and one whole other human. Well get it from the rich! there aren't enough of them, and that is where we get 60 cents of every dollar...we already are short 40 cents every day and it is growing.

 

[Que]

We won't benefit from the pipeline. It'll all go to Japan and China. All we'll get is the polluted land and water.

I must have missed the discussion about the pipeline...but environmental alarmism aside, because I can't see getting anywhere discussing that...I mean maybe you can't find welders that can weld a pipeline that will withstand arctic temperatures...

lets say you are right that for some reason there is an economic incentive to sell oil that is in Houston and ready to refine for the American market so it gets loaded on ships sent through what? that Panama canal? and shipped to china and japan at a higher price (for which greedy American and Canadians will pay taxes and then what spend the rest somewhere... here? or elsewhere? lets say you're right....

ALL the oil in the orient, all the cash in Zurich.

With MORE oil on the world market and China and Japan (the greedy bastards) gobbling up our oil instead of OPEC...what would happen to the world supply? It goes up because of the oil china and japan aren't buying because they are stealing from us.

So...with MORE oil for everyone, the price goes down, yes?

You want to pay MORE or LESS for oil and natural gas fired electricity? More or less for heating oil? More or less for the goods you buy that aren't organic and local that somebody has to burn diesel by truck or rail to bring you...how about gas...you like $4 or you wanna pay $6 in a few years?

 

[FistedSister]

I must have missed the discussion about the pipeline...but environmental alarmism aside, because I can't see getting anywhere discussing that...I mean maybe you can't find welders that can weld a pipeline that will withstand arctic temperatures...

lets say you are right that for some reason there is an economic incentive to sell oil that is in Houston and ready to refine for the American market so it gets loaded on ships sent through what? that Panama canal? and shipped to china and japan at a higher price (for which greedy American and Canadians will pay taxes and then what spend the rest somewhere... here? or elsewhere? lets say you're right....

ALL the oil in the orient, all the cash in Zurich.

With MORE oil on the world market and China and Japan (the greedy bastards) gobbling up our oil instead of OPEC...what would happen to the world supply? It goes up because of the oil china and japan aren't buying because they are stealing from us.

So...with MORE oil for everyone, the price goes down, yes?

You want to pay MORE or LESS for oil and natural gas fired electricity? More or less for heating oil? More or less for the goods you buy that aren't organic and local that somebody has to burn diesel by truck or rail to bring you...how about gas...you like $4 or you wanna pay $6 in a few years?

I don't want polluted water to drink or swim in.

 

[Que]

I don't want polluted water to drink or swim in.

pretty sure most people dont. clean water...I am in favor!

 

[4est_4est_Gump]

Uh......

This happens every year when we switch from summer to winter blend.

 

[Ajax_Prime]

Of course he could deny them permits private land or not. That's how it works. He does have something to do with it and he's increased supply, deal with it and it's not because demand is down.

Everytime you tell a bullshit lie your credibility goes down a little more you do know that right query? And around here the only thing we have is our credibility.

Except for the fact that that's NOT how it works. Where the Feds control the drilling of oil and/or natural gas, production is very much down. That's a readily Googleable fact.

But hey, whatever.

 

[RobDownSouth]

Except for the fact that that's NOT how it works. Where the Feds control the drilling of oil and/or natural gas, production is very much down. That's a readily Googleable fact.

But hey, whatever.

Is that right?

 

[Ajax_Prime]

Is that right?

Yes, it is. Drilling on STATE and private land is responsible for 100% of America's increased production.

The Feds have been sued several times (successfully) over the incredible amount of time it takes from an awarded lease (when the money changes hands) to when a permit to actually begin exploratory drilling is actually issued. That can take 2 weeks to a month at the state level, to almost a year for Federal land.

Basically, production companies are floating an interest free loan for almost a year to the Federal Government; for just the opportunity to see if that land is VIABLE for production.

Neither a lease or a permit is a guarantee of recoverable assets. It's simply the opportunity to look for them.

 

[Ajax_Prime]

http://www.eia.gov/analysis/requests/federallands/

For some context, keep in mind that the lead time for production increases takes YEARS. This isn't the same as building a Taco Bell on a military base.

GoM projects can take 2-5 years to ramp up.

 

[RobDownSouth]

http://www.eia.gov/analysis/requests/federallands/

For some context, keep in mind that the lead time for production increases takes YEARS. This isn't the same as building a Taco Bell on a military base.

GoM projects can take 2-5 years to ramp up.

Your link says offshore oil drilling is down 5% and onshore drilling is up 8%.

 

[Ajax_Prime]

Your link says offshore oil drilling is down 5% and onshore drilling is up 8%.

So? Does the math escape you how that's true, yet overall production is still down 4% year on year?

Are you fucking serious?

 

[Que]

So? Does the math escape you how that's true, yet overall production is still down 4% year on year?

Are you fucking serious?

Well 5 and 8 is 13 if you add them... but yet its 40 if you multiply them... surely you can understand why this would be confusing to him.

 

[jeninflorida]

Your link says offshore oil drilling is down 5% and onshore drilling is up 8%.

I love it when you post. As you highlight how stupid people like you are. You are focused on the little narrow dribble that obama feeds you. You have no idea what the big picture is when it comes to oil...gas...the economy

keep on living the obama dream, my little slave friend