HOW DO WE GET TO $5 GALLON GAS ?????

[Whirlaway]

Typical WTF logic.............he goes from bold faced assertion that there is "NOTHING" that can be done then shortly there after backtracks from his own absoluteism to some other BS answer................

You have the logic of a 13 yo WTF i!

Originally Posted by WTF

Oh he could drop the gasoline tax that Reagan raised. That is about it.

Anything else short term would be just a temp spike.

[Whirlaway]

IT TOOK ALL OF 10 MINUTES FOR THE OBAMAZOMBIES TO FIND A BOOGEYMAN TO BLAME (OTHER THAN BO) !

oil speculators !

[CJ7]

Originally Posted by Whirlaway

IT TOOK ALL OF 10 MINUTES FOR THE OBAMAZOMBIES TO FIND A BOOGEYMAN TO BLAME (OTHER THAN BO) !

oil speculators !

gawd youre a moron


nothiing personal


but I do ahve a question

did you burn down The White House in 2008? or just wipe your chin and grin?

[Sensia]

Judge weighs whether to let regulators reign in oil speculators

"The limits sought to prevent excessive speculation not just in oil but across the broad range of commodities, including farm products and metals."

"Congress ordered the CFTC to impose position limits, concerned that financial speculators now far outnumber producers, merchants and end users of oil and other commodities in the trading of contracts for future delivery of product - known as futures contracts. Reporting by McClatchy Newspapers has shown that these speculators now outnumber by more than 2-to-1 the traders who actually produce or consume oil."

[CJ7]

pay no attention to whirlie, GP

the president can wave a magic wand and lower gas prices at will

[Whirlaway]

If Obama (and you Obamazombies) truly belive that the current spike in prices is due to speculation then there is a whole set of options the President could do to immediately lower (i.e. effect the speculative markets) prices.

- Lower excise tax
- Get EPA to back off refinery regulations
- Issue executive order changing CAFE standards
- Approve Keystone
- Accelerate construction of new refineries
- Call off his EPA brown shirts

All of these would have an immediate affect on the speculative markets, dropping gas prices.

All of them would be good public policy as well.

[Af-Freakin]

Originally Posted by Whirlaway

If Obama (and you Obamazombies) truly belive that the current spike in prices is due to speculation then there is a whole set of options the President could do to immediately lower (i.e. effect the speculative markets) prices.

- Lower excise tax
- Get EPA to back off refinery regulations
- Issue executive order changing CAFE standards
- Approve Keystone
- Accelerate construction of new refineries
- Call off his EPA brown shirts

All of these would have an immediate affect on the speculative markets, dropping gas prices.

All of them would be good public policy as well.

u r 1 stupid cracker. we need the gas prices high so we can transition to alternate energy supplies quicker. when we do, then we won't be dependent upon middleeast oil, we wont choke 2 death on the pollution or burn up from climate change. sure there will be some short term pain, but in the long run we will be better off.

[CJ7]

Originally Posted by Whirlaway

If Obama (and you Obamazombies) truly belive that the current spike in prices is due to speculation then there is a whole set of options the President could do to immediately lower (i.e. effect the speculative markets) prices.

- Lower excise tax
- Get EPA to back off refinery regulations
- Issue executive order changing CAFE standards
- Approve Keystone
- Accelerate construction of new refineries
- Call off his EPA brown shirts

All of these would have an immediate affect on the speculative markets, dropping gas prices.

All of them would be good public policy as well.

forget about the global economy and the value of the dollar

[blue3122]

It seems that no one posting here is actually in the oil business. Oil is denominated in US Dollars worldwide. So if you want to buy crude in Saudi Arabia, you have to have US Dollars. Want to buy North Sea Brent, US Dollars. Bonny Light, US Dollars. The "Stimulus" bills have been printing money and devaluing the US dollar. So it takes more to buy oil anywhere in the world. This has accounted for a good portion of the run up in prices. The best way to make a million speculating in commodities is to start with two million. Speculators can't really push the price more than 5% in a normal market. 10% on their best day. The reason why is because most (99%) speculators are also looking at their downside. If they try to push too much and the market whipsaws them, they are broke before they can unwind. If you think speculators are making a killing, go try it.
Also, gasoline prices are not necessarily in lockstep with oil prices. Gasoline has specifications that have to be met. Oil is raw and there is a wide variety of grades (sweet/sour, heavy/light, amount of parafins/olefins, etc...) 15 years ago light crudes were expensive because there were a lot of light, sweet refineries. Companies changed those over to run heavier/sour crudes which were cheaper. Causing a glut in light/sweet crudes now and more demand for heavy/sour crudes.

Also the strength of the dollar plays heavily on the futures markets. Currently,the rest of the world is betting the US Dollar will get considerably weaker while congress and the administration continue spending unabated. So future dollars will be worth less, causing the price of oil to go up.

The best way to drop the price of oil and gasoline is to get our fiscal house in order and strengthen the dollar.

[essence]

You shouldn't even be thinking about price per gallon. Think of price per distance. Then you, yes you, can take some significant steps.

- drive more carefully, be soft on the accelerator
- get a smaller car
- try walking to the stores, it may help your girth and put some inches on your weiner
- question whether you really need to make that trip
- I won't even get into the 'ride a bus to work' or 'share a car pool' debate, it is clearly beyond anybody on this forum.

The debate on oil/gas prices cannot be held without a discussion on long term energy planning, and if I had time I would look up what the oil usage is per american v. the rest of the world, and the price in the US v the price in most of the rest of the world.

So, what is the US policy on long term energy needs, and how does the gas price fit into that strategy? High gas price bad low gas price good, or the opposite, is the simplistic attitude of the peurile.

I haven't read the quote, but if Obama was saying that we should avoid rapid jumps in price, he is absolutely correct. That causes mayhem at the pumps and elsewhere.

BTW, I trust y'all have installed double glazing windows?

[CJ7]

Originally Posted by blue3122

It seems that no one posting here is actually in the oil business. Oil is denominated in US Dollars worldwide. So if you want to buy crude in Saudi Arabia, you have to have US Dollars. Want to buy North Sea Brent, US Dollars. Bonny Light, US Dollars. The "Stimulus" bills have been printing money and devaluing the US dollar. So it takes more to buy oil anywhere in the world. This has accounted for a good portion of the run up in prices. The best way to make a million speculating in commodities is to start with two million. Speculators can't really push the price more than 5% in a normal market. 10% on their best day. The reason why is because most (99%) speculators are also looking at their downside. If they try to push too much and the market whipsaws them, they are broke before they can unwind. If you think speculators are making a killing, go try it.
Also, gasoline prices are not necessarily in lockstep with oil prices. Gasoline has specifications that have to be met. Oil is raw and there is a wide variety of grades (sweet/sour, heavy/light, amount of parafins/olefins, etc...) 15 years ago light crudes were expensive because there were a lot of light, sweet refineries. Companies changed those over to run heavier/sour crudes which were cheaper. Causing a glut in light/sweet crudes now and more demand for heavy/sour crudes.

Also the strength of the dollar plays heavily on the futures markets. Currently,the rest of the world is betting the US Dollar will get considerably weaker while congress and the administration continue spending unabated. So future dollars will be worth less, causing the price of oil to go up.

The best way to drop the price of oil and gasoline is to get our fiscal house in order and strengthen the dollar.

well said, that screwed with whirls brain cell ..

Im certainly not in the oil biz, but I did stay at a Holiday INN ...

Crude is global, gasoiline is regional (if you will)

after taking into consideration the aforementioned (by Blue, and my little the hint of the $'s value )

a barrel of crude contains 42 gallons and a barrel costs $100, making the cost to produce 1 gallon of gas $2.38, That does not include the costs to transport crude oil to a refinery, refine the oil into gasoline, transport the gasoline to distribution hubs or wholesalers, deliver the gasoline to retail locations or operate service stations.

I saw an interview with the CEO of Shell explain refining costs, apparently from what I heard, the refineries can bump the price per barrel as much as the market can stand, ( is that right Blue?) and in 08 restructured their price as much as $1.00 a barrel.

But at no time have I ever heard anyone ass deep in the oil business blame the price at the pump on any president.

my 2

[Sensia]

Originally Posted by blue3122

It seems that no one posting here is actually in the oil business. Oil is denominated in US Dollars worldwide. So if you want to buy crude in Saudi Arabia, you have to have US Dollars. Want to buy North Sea Brent, US Dollars. Bonny Light, US Dollars. The "Stimulus" bills have been printing money and devaluing the US dollar. So it takes more to buy oil anywhere in the world. This has accounted for a good portion of the run up in prices. The best way to make a million speculating in commodities is to start with two million. Speculators can't really push the price more than 5% in a normal market. 10% on their best day. The reason why is because most (99%) speculators are also looking at their downside. If they try to push too much and the market whipsaws them, they are broke before they can unwind. If you think speculators are making a killing, go try it.
Also, gasoline prices are not necessarily in lockstep with oil prices. Gasoline has specifications that have to be met. Oil is raw and there is a wide variety of grades (sweet/sour, heavy/light, amount of parafins/olefins, etc...) 15 years ago light crudes were expensive because there were a lot of light, sweet refineries. Companies changed those over to run heavier/sour crudes which were cheaper. Causing a glut in light/sweet crudes now and more demand for heavy/sour crudes.

Also the strength of the dollar plays heavily on the futures markets. Currently,the rest of the world is betting the US Dollar will get considerably weaker while congress and the administration continue spending unabated. So future dollars will be worth less, causing the price of oil to go up.

The best way to drop the price of oil and gasoline is to get our fiscal house in order and strengthen the dollar.

+1

[Af-Freakin]

Originally Posted by Guilty Pleasures

+1

so u r agreeing that President Obama is responsible for the higher gas prices because his policies weakened the dollar? that is wack!

[Whirlaway]

If the price bubble is caused by speculative trading; then Obama has alot of options to kick the air out of the ballon.

You can't have it both ways; claim the oil price is caused by speculation and claim the president has no powers over the speculators pricing.....

[Sensia]

Originally Posted by Af-Freakin

so u r agreeing that President Obama is responsible for the higher gas prices because his policies weakened the dollar? that is wack!

That is not what I am +1 ing about..lol

There are a number of factors not just one that have gone into the rise of gas prices, primarily the speculators. Yes we need to get our house in order fiscally and sadly the President has been getting nothing but opposition in congress and the senate. There are some things that I agree with on Blue's post. No I do not believe that the presidents policies have weakened the economy.