Cheap Gas is BAD!

[BoyNextDoor]

Seriously? I mean I know Obama id black, but really people?

 

[RobDownSouth]

The former head of OPEC said today that OPEC has lost control over its ability to set a price of oil. If Arabic countries cut back to raise prices, Norway, Russia and the US step in to fill the gap.

He says we'll be looking at $40 a barrell benchmark soon, which equates to $1.80 a gallon retail in Texas here.

 

[FGB]

Actually...The cheaper gasoline is the less I can afford to buy.

It hurts when it is cheap because I'm usually working less and have less money to buy gasoline.

It hurts when it is high because I can't afford much of it with out giving up something else.

A lot of the business the company I work for does is affected by oil prices and the American dollar.

So real cheap or real high, yeah...not good for me.

 

[BoyNextDoor]

OPEC started the ball rolling by trying to price fracking out of the market. It is also is pricing Keystone off the map. Thank goodness that loser project never got off the ground.

Whether they can stop it or not - that remains to be seen. It would be interesting to see a heat map of oil production showing the highest cost to refine.

 

[BoyNextDoor]

Actually...The cheaper gasoline is the less I can afford to buy.

It hurts when it is cheap because I'm usually working less and have less money to buy gasoline.

It hurts when it is high because I can't afford much of it with out giving up something else.

A lot of the business the company I work for does is affected by oil prices and the American dollar.

So real cheap or real high, yeah...not good for me.

It cost me around $400/mo to heat my home last year. Any relief from that is welcome. Less expensive retail goods, gas at the pump, air travel, etc is all good for me.

 

[Que]

Imagine that. More American production breaks Opec's stranglehold on market prices.

 

[Disgustipated]

It cost me around $400/mo to heat my home last year. Any relief from that is welcome. Less expensive retail goods, gas at the pump, air travel, etc is all good for me.

$400 a month seems like a huge stretch unless you live juniper and are an idiot pussy. All my utilities combined don't cost that much.

 

[Sean Renaud]

Imagine that. More American production breaks Opec's stranglehold on market prices.

And Russian and South and Central American and while I'll reserve belief in this new day until at least next summer nobody ever said more oil on the market wouldn't lower prices. What was said was we were highly skeptical we could produce enough oil over a long enough period to significantly lower prices on our own. If we did this all on own then I'll glad admit to being wrong.

 

[Wrong Element]

The former head of OPEC said today that OPEC has lost control over its ability to set a price of oil. If Arabic countries cut back to raise prices, Norway, Russia and the US step in to fill the gap.

He says we'll be looking at $40 a barrell benchmark soon, which equates to $1.80 a gallon retail in Texas here.

No such thing as a cartel that lasts forever. OPEC won't disappear because it's a point of pride for its members, but the Saudis in particular are going their own way.

 

[Busybody]

Imagine that. More American production breaks Opec's stranglehold on market prices.

imagine that

when REPOZ said that....especially M Bachman in 2012....guess who made fun

 

[Que]

imagine that

when REPOZ said that....especially M Bachman in 2012....guess who made fun

:nods:

 

[RobDownSouth]

Actually...The cheaper gasoline is the less I can afford to buy.

It hurts when it is cheap because I'm usually working less and have less money to buy gasoline.

It hurts when it is high because I can't afford much of it with out giving up something else.

A lot of the business the company I work for does is affected by oil prices and the American dollar.

So real cheap or real high, yeah...not good for me.

Could you expand on this a little? I'm having trouble figuring this out.

 

[RobDownSouth]

No such thing as a cartel that lasts forever. OPEC won't disappear because it's a point of pride for its members, but the Saudis in particular are going their own way.

Keep in mind there's a geo-political consideration here as well.

Saudi Arabia has a pretty secure dictatorship, but the satellite countries around Arabia are fragile hives of scum and villainy.

Higher oil prices help to temper dissent in these shitholes, and when prices plummet unrest rises there, and the have-nots begin to look at Saudi Arabia as a soft target.

 

[Busybody]

hello woman abuser

 

[Ulaven_Demorte]

Imagine that. More American production breaks Opec's stranglehold on market prices.

Thanks Obama!

 

[Que]

Thanks Obama!

For those of us that are late to the party and endlessly delusional- it is despite his efforts, not because of it. Go ahead, trot out the statistics for increases in oil production based on permitting in the pipeline (so to speak) when he took office and ignore all the denials..

Tell us how he COULD have, and perhaps should have stopped fracking and drilling on private land, but because he is a wise and thoughtful leader, did not.

I love the way Obama apologist say he has ZERO impact on the price of gas when it rises, and is responsible for any price drops. No intellectual consistency required to join team Obama.

 

[Wrong Element]

For those of us that are late to the party and endlessly delusional- it is despite his efforts, not because of it. Go ahead, trot out the statistics for increases in oil production based on permitting in the pipeline (so to speak) when he took office and ignore all the denials..

Tell us how he COULD have, and perhaps should have stopped fracking and drilling on private land, but because he is a wise and thoughtful leader, did not.

I love the way Obama apologist say he has ZERO impact on the price of gas when it rises, and is responsible for any price drops. No intellectual consistency required to join team Obama.

I assume he means it as a joke, because of course the reverse of your post has typically been the case: Obama haters, including a participant in this very thread, have blamed him every time the price has gone up, and are now playing the "he has nothing to do with it" card now that it's coming down. (There was also Jen blasting Obama for not personally, with his own bare hands, stopping the Deepwater Horizon spill, but that's a separate issue of mental illness.)

And the reason for that blame is the tired charge that Obama somehow is holding domestic production down. It's not true, it's never been true. You don't have to personally credit Obama for prices coming down -- I don't, although I do believe we've leaned on the Saudis to keep production up in order to screw Russia and Iran -- to admit that he hasn't been such a disaster in this area after all. All those "North Dakota is the new oil paradise!" stories -- remember seeing any of them prior to 2009? I sure don't.

 

[Ulaven_Demorte]

For those of us that are late to the party and endlessly delusional- it is despite his efforts, not because of it. Go ahead, trot out the statistics for increases in oil production based on permitting in the pipeline (so to speak) when he took office and ignore all the denials..

Tell us how he COULD have, and perhaps should have stopped fracking and drilling on private land, but because he is a wise and thoughtful leader, did not.

I love the way Obama apologist say he has ZERO impact on the price of gas when it rises, and is responsible for any price drops. No intellectual consistency required to join team Obama.

It's hilarious listening to the President's critics. My interjection drew exactly the sort of comment I expected it to.

Any time something good happens, it's despite the President's policies. Example: gas prices are down
But if it's bad, it's all his fault. example: gas prices went up.

 

[Ulaven_Demorte]

I assume he means it as a joke, because of course the reverse of your post has typically been the case: Obama haters, including a participant in this very thread, have blamed him every time the price has gone up, and are now playing the "he has nothing to do with it" card now that it's coming down. (There was also Jen blasting Obama for not personally, with his own bare hands, stopping the Deepwater Horizon spill, but that's a separate issue of mental illness.)

And the reason for that blame is the tired charge that Obama somehow is holding domestic production down. It's not true, it's never been true. You don't have to personally credit Obama for prices coming down -- I don't, although I do believe we've leaned on the Saudis to keep production up in order to screw Russia and Iran -- to admit that he hasn't been such a disaster in this area after all. All those "North Dakota is the new oil paradise!" stories -- remember seeing any of them prior to 2009? I sure don't.

He went for it. Hook, line, and sinker.

 

[RobDownSouth]

I love the way Obama haters say he has ZERO impact on the price of gas when it plummets, and is absolutely responsible for any price increase. No intellectual consistency required to join team Wingnut.

"The president is ABSOLUTELY responsible for the price of gasoline in America" - Mitt Romney, March 2012

 

[Busybody]

I love the way Obama haters say he has ZERO impact on the price of gas when it plummets, and is absolutely responsible for any price increase. No intellectual consistency required to join team Wingnut.

"The president is ABSOLUTELY responsible for the price of gasoline in America" - Mitt Romney, March 2012

like with Russia

like with Libya

like with EVERYTHING

Romney was wrong

REMEMBER?

 

[Busybody]

and in THIS case, Hussein Obola had NOTHING to do with price of gas

unlike when Bush knocked it from 155 to 20...with his call to DRILL

 

[Busybody]

ONE of the reasons gas dropped...is cause of DRILLING, which Hussein Obola was against

Which is WHAT M Bachman advocated in 2012 and ALL DUMZ ridiculed

lest we #forget

 

[Que]

I love the way Obama haters say he has ZERO impact on the price of gas when it plummets, and is absolutely responsible for any price increase. No intellectual consistency required to join team Wingnut.

"The president is ABSOLUTELY responsible for the price of gasoline in America" - Mitt Romney, March 2012

When he does things that specifically cause oil speculators to make reasonable assumptions about the future price of oil it raises prices. When innovators work around the hurdles he puts up, the price goes down.

He took actions that raised the price. He took no actions that had the effect of lowering it.

Not hard to explain, but your version of reality which would be the converse of that sure is.

What action did he take that lowered the price?

Explain how denying permits did not have the effect of raising prices when logic says it should, and the correlation occurred?

 

[FGB]

Could you expand on this a little? I'm having trouble figuring this out.

Well, I can't really say who I work for...It is the Oil & Gas Division of a large company that has a circle and two letters as it's logo.

Our Division is affected by the price of oil, even indirectly the slump has a lead/lag time in related business too.

That is about all I better say about this!