Gas Prices: Americans vs. Elites



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YOU ARE AN IDIOT. ... ( 2 years ago by 512hal)
YOU ARE AN IDIOT. Have you heard of supply and demand. It has nothing to do with democrats, Republicans or Independents. It is simple Economics 101 and if you went to college you had to take the course. When China and India are using far more oil due to tech booms in their countries it effects the world oil supply thus creating more of a demand thus raising the price. Yes speculators are inflating the price but not by 60%. This problem began 30 years ago with Jimmy Carter and has not been fixed.
On fox buisness ... ( 2 years ago by 512hal)
On fox buisness news Eric Bolling went to the ceo's of teh major drilling companies in teh us and asked how long to get the gas to our tanks if the ban was lifted. From the day the ban is lifted it will take 2 years to set up the pump off the FL coast get the oil, refine it and put it in your tank. TWO YEARS! GO NEWT GO!!!
Ha...That's the ... ( 2 years ago by manukyan)
Ha...That's the problem, is people like you who think they know what they are talking about because they took Econ 101 when they were a freshman in college. For idiots like you, the government can dumb it down to a simple supply and demand graph, and you buy it. Buddy, oil prices don't get set in a vacuum, there is much more then supply and demand.
Now on the issue of demand, you can't just look at one country, overall World oil demand rose under 1% this year, while prices rose 30% in 4month.
So before you keep ... ( 2 years ago by manukyan)
So before you keep on blabbing off on your Econ 101 expertise you got from your local state college, check your facts. Also, drop the Fox News talking points memo on blaming everything that goes wrong when there is a republican president on Carter; so, 512hal, you must be a complete moron, or an 18 year old who knows nothing about the world or politics.
Do you realize that ... ( 2 years ago by 512hal)
Do you realize that oil companies pay three times what they make in profit in taxes? We founded this country on high taxes, fought a civil war over high taxes when are you liberals going to get the picture get off your asses and get a clue!
If they lift the ... ( 2 years ago by 512hal)
If they lift the ban we could have oil from teh coast of Fl in our tanks in two years heard it from Eric Bollinger on Fox Buisness News.
Try a Big 10 ... ( 2 years ago by 512hal)
Try a Big 10 college with a 3.75 GPA and it is the #1 school in my field. Haven't been 18 for 20 yrs, not a moron and since I grew up in Saudi Arabia where I lived on ARAMCO's compound and have traveled the world with my line of work I'm sure I have a better understanding of world politics than you. I also believe I have been in charge of more financial contracts as P&G, The Pentagon, Dell, 04 Olympics in Greece, TI were a few of my accts. Now I am in charge raising 2 Republican boys.
Array ( 2 years ago by 512hal)
PART ONE
I don't know where you get your info but you may want to check your fact. Worldwide oil consumption was est. to be 1 bbl/d but it currently is running at 1.5 bbl/d. Consump. in the US is down but in China and India it is up in fact it is up by 10% in China. The avg. usage is 85 bbl/d so do the simple division that I was taught and that # is 1.8% (I believe that to be greater than 1%).
What happened when ... ( 2 years ago by JBDragon1)
What happened when the Gas Prices were going up before the LAST Elections, and the Democrats were Blaming BUSH and the rest of the Republicans, and the Democrats said Vote for us and Will FIX THE PROBLEM!!! Well the Democrats Took over, Took Control, and yet prices have Doubled or more since! Blame the Oil company's seem to be the Answer right, Look at all the money they're making. What about the freeken Government that makes far MORE money per Gallon of Gas for doing NOTHING AT ALL!!! 0 Risk!
Oh, I'm sorry a " ... ( 2 years ago by manukyan)
Oh, I'm sorry a "Big 10," WOW! That must make you the great authority on the oil industry. Buddy, you lived in ARAMCO's compound because your daddy worked there, you were a kid, and that gave you all you need to know about "world politics." I love how people like to speak really highly of themselves to prove a point. "In charge of financial contracts." What did you deliver Soda to those companies and then bill them? C'mon get over yourself.
Where do you get ... ( 2 years ago by manukyan)
Where do you get your facts. Oh...I'm sorry, you go to a Big 10, so it must be...Wikipedia right? Again, get over China and India, the world is bigger then a few countries, and as a whole demand is stagnant. And I'm happy that you are in charge of raising to republican boys, I think why need to have a good balance of intelligent individuals and dumb asses like you...more people who lack a brain in society and who base fact on the Fox News Talking Points Memo.
Fox Business News ... ( 2 years ago by frenzychris)
Fox Business News is in the Republican pocket, homeslice. There are a lot more economists that agree that more drilling will have no effect on prices in the next ten years. Venture away from the Republican Noise Machine and you may actually hear the truth now and then.
Do you realize that ... ( 2 years ago by frenzychris)
Do you realize that Exxon/Mobil posted the highest profits of any corporation in the history of the world last year? And someone has to pay taxes, especially for a trillion dollar war! Why is it that the same people who like to say: "Freedom isn't free!" are the same ones who don't want to pay taxes? Do you drive on an Interstate? Did you learn to read in a public school? Do you ever visit your library [other than to use the bathroom]? Who picks up your trash? Taxes aren't the problem.
Dude, Cheney ... ( 2 years ago by frenzychris)
Dude, Cheney admitted this isn't true. The Chinese have a lease, but they are not drilling. AND, if they do drill, so what? Are we going to copy everything China does now? Then maybe we should regulate stricter fuel efficiency for our cars like they do. Maybe we should limit families to one child like they did. And "W" was a coke head. Just because he suddenly found Jesus doesn't me he stopped being a complete idiot.
I don't know what ... ( 2 years ago by frenzychris)
I don't know what country you're talking about, but the Democrats have hardly "taken control" ...yet. The 2006 elections only served to start balancing the branch of government: a rogue Republican president vs. a slightly Democratic Congress.
And are you saying that Republicans don't promise to "fix the problems" if they're elected? That's only a Democrat tactic?
American debt and oil profits have both been rising quickly ever since Cheney had his secret energy policy meeting in 2001. 2+2=4
Fox Buisness News ... ( 2 years ago by 512hal)
Fox Buisness News and CNBC are in no pockets. They tell it like it is. They have folks from both sides of the isle. I choose to listen to Eric Bolling (Wall Streets biggest gas trader at one time turned analyst) and the drilling CEO's that he has interviewed. Do you have a Petroleum Engineering degree? Then why should any one listen to you? Maybe you should become more educated on the subjest matter and you might understand the importance of drill here drill now.
You seem awfully ... ( 2 years ago by frenzychris)
You seem awfully concerned with your diploma. Does a petroleum engineering degree mean you know everything about history, economics, politics, sociology, governance? No, it means you and I both have the requisite skills needs to type our opinions on the Internet. Sounds to me like you're worried that an economy based on alternate fuels will put you out of a job. Maybe you could shill for Big Oil on Fox News when you get your pink slip.
That's a load of ... ( 2 years ago by JBDragon1)
That's a load of B.S. Oil company's have said 2 years! Get real it took the US 8 years to Go to the Moon, and you think it takes longer to drill for Oil? Just the Threat of Drilling for Oil will drop prices. It's been Estimated that cost could get down to $2 a Gallon if we were really serious!
Unlike the Clinton ... ( 2 years ago by JBDragon1)
Unlike the Clinton News Network?(CNN) MSNBS, ABC, CBS, NBC all the other Mainstream Democratic Channels. It's so Pro Obama, and all Blame Bush and not a single Positive thing on Iraq which is why they aren't even talking about it. There's a Reason FOX has been the #1 News Channel for like the last 10 years. Fox is far more Balance then the other channels by far. The number of times I want to wrap my hands around that Idiot Alan Combs neck for example.
We need to drill ... ( 2 years ago by JBDragon1)
We need to drill NOW if for anything to keep US Dollars in the US! How are you going to charge your Electric CAR? There's not enough power NOW! A hot day and power goes out already. Obama doesn't want ANY Nuclear Power plants, so is Magic Fairy Dust going to power the Cars? The poor people can't afford new Electric Power cars anyway. You can't even build that many in the Numbers needed any time soon. What about all the cars already on the road, what a waste! So do nothing for another 10+ years?
Because we know how ... ( 2 years ago by JBDragon1)
Because we know how good a Job China will be drilling off of Florida's Coast. My guess about 10 times worse then a US Company. It really DUMB. If we aren't going to get it, as long as they're in International Waters they'll just take it from us! It also won't be just China, and it won't be just from Florida, but California and others coasts also.
No what they want ... ( 2 years ago by JBDragon1)
No what they want is to make more Money on the Oil Stock they have Invested. Keep saying it won't do anything and prices keep skyrocketing and you make a bundle. That's just dumb. Why not stop getting oil at drill sites right now, as that won't changes prices also right? That's the SAME THING. Lets not Pump a drop of oil as that also won't change a thing right? How dumb can you be. It's basic Supply and Demand. Here's a simple thing to latch onto, Prices people have been paying for the Wii!
your gonna be the ... ( 1 year ago by SCTV)
your gonna be the history proof about the extinction in the age of the hydro-carbon man.
Answer this question quickly, I'll give you $700 what would you buy:
A) AK47 or
B) Solar-panel
Liberals say it ... ( 1 year ago by quuaa1)
Liberals say it would take 10 years to set that up. It takes that long for the oil companies to jump through government hoops before they can even get an oil rig set up.



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