Bend over for oil! Prices now match all-time high of '08

Re: Bend over for oil! Prices now match all-time high of '08

PostBy: franco b On: Tue Feb 05, 2013 10:58 am

This President could never be accused of encouraging supply which is the best way to lower prices. He does just the opposite.
franco b
 
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Re: Bend over for oil! Prices now match all-time high of '08

PostBy: samhill On: Tue Feb 05, 2013 11:18 am

Franco, I believe we are producing more oil now than ever & are exporting more than ever as well. It's a global market, the U.S. doesn't own the oil or refineries.
samhill
 
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Re: Bend over for oil! Prices now match all-time high of '08

PostBy: franco b On: Tue Feb 05, 2013 11:37 am

samhill wrote:Franco, I believe we are producing more oil now than ever & are exporting more than ever as well. It's a global market, the U.S. doesn't own the oil or refineries.

Producing more despite his lack of encouragement. If domestic oil is exported the money returns to this country instead of further increasing our negative balance of trade. You seem to take the position that increasing supply will have no effect on prices.
franco b
 
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Re: Bend over for oil! Prices now match all-time high of '08

PostBy: samhill On: Tue Feb 05, 2013 11:47 am

And all the oil barons & speculators are Americans that spend their money here & not stash any away in tax havens. I wonder what happens when we run our oil dry & still have the same appetite for oil because it can never happen & we don't want to explore new energy sources? The world uses every drop that is produced & the need grows faster than the supply why should producing more faster help the price of gas here?
samhill
 
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Re: Bend over for oil! Prices now match all-time high of '08

PostBy: Berlin On: Tue Feb 05, 2013 11:55 am

The U.S. is a substantial oil refiner and producer. Increasing production in areas not subject to volatile geopolitical forces - such as increasing domestic production - has a significant effect on global oil pricing.
Berlin
 
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Re: Bend over for oil! Prices now match all-time high of '08

PostBy: SteveZee On: Tue Feb 05, 2013 11:56 am

samhill wrote:As I said or at least implied it's time for big oil to take some action on their own, they no longer need subsidies IMO, they could & should use common sense & rehab refineries one at a time when possible, they should lead the charge to get rid of ethanol. As everyone they are profit oriented but there has to be a point where enough is enough, being in a business that produces what we can't do without stands in the way of all that. All in all back in my GTO days gas costs somewhere between 35 to 48 cents a gal. but my brand new 67 GTO rag-top with the 360HP & 4 speed was sticker priced at 37K & I got it for around 34. That fiver for gas was a lot harder to come by with the hourly pay in the 60s but they also didn't get the yield or sell all the bi-products from that barrel of oil. Those were the days that we are never going to see again & I think we have to resign ourselves to those facts, glad I hit those times in the time of my life that I did. All in all profits are profits & the amt. of pay used to go up with inflation but for a long time now only a very few have had that luxury.


You mean stickered at $3.7k I too am glad and feel fortunate that I experianced those days. We must of had some good khama along the way Sam! ;) I can remember when I was making $250 a week in the 60's and thought i was on top of the world, beause I was! Now a days I can't get out the grocery store without droping $50 and I only have a couple bags. Thinking about it, not only was fuel/gasoline something I never even thought about, but pharmacy drugs were cheap as dirt too. Hmmm, maybe they were setting us up for the way it is today! Give em a taste and they'll never want to live without it........ ;)

We are drilling more than ever thats true, but Obama doesn't ever mention it because he ran on more of a conservation platform. Goes against the PC grain but it's a neccesary "evil" in this time and place.
SteveZee
 
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Re: Bend over for oil! Prices now match all-time high of '08

PostBy: anthony7812 On: Tue Feb 05, 2013 11:57 am

The big Gov wants to spend spend spend, I can both good and bad outta this. They just arent spending it right. Public works suck as the interstate highway system in my eyes was a good project, as opposed to making more "projects". Now we want as a nation, in my point of view, to rid ourselves of foreign oil. Why hasnt the govt kicked in on massive overhaul for natural gas fueling stations, if this happened it would be alot more convincing to buy a cng vehicle.
anthony7812
 
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Re: Bend over for oil! Prices now match all-time high of '08

PostBy: franco b On: Tue Feb 05, 2013 11:59 am

samhill wrote:why should producing more faster help the price of gas here?

Because it increases world supply. Certainly new sources of energy are needed and maybe they will come in time. It won't come from some jackass politician though. I much prefer the evil oil companies to far more evil government which even now is setting us up for permanent recession.
franco b
 
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Re: Bend over for oil! Prices now match all-time high of '08

PostBy: SteveZee On: Tue Feb 05, 2013 12:04 pm

franco b wrote:
samhill wrote:Franco, I believe we are producing more oil now than ever & are exporting more than ever as well. It's a global market, the U.S. doesn't own the oil or refineries.

Producing more despite his lack of encouragement. If domestic oil is exported the money returns to this country instead of further increasing our negative balance of trade. You seem to take the position that increasing supply will have no effect on prices.

It will have some but I don't believe it will have that much effect as long as the demand seems to increase right along with every new drop produced. One major problem I see is the monopoly that people like the Koch Brother's have on refining. They have more power than just about anyone to control pricing. Think about it, there hasn't been a "new" (read: someone new) refinery built here in the States since 1983. That's more than 30 years. I think Obama just ok'd A (one) new one and that was over the kicking and screaming of the Bro's Koch who tried mightily to the tune of mega millions to fight it.
SteveZee
 
Hand Fed Coal Stove: Glenwood Modern Oak 116 & Glenwood 208 C Range

Re: Bend over for oil! Prices now match all-time high of '08

PostBy: SteveZee On: Tue Feb 05, 2013 12:12 pm

anthony7812 wrote:The big Gov wants to spend spend spend, I can both good and bad outta this. They just arent spending it right. Public works suck as the interstate highway system in my eyes was a good project, as opposed to making more "projects". Now we want as a nation, in my point of view, to rid ourselves of foreign oil. Why hasnt the govt kicked in on massive overhaul for natural gas fueling stations, if this happened it would be alot more convincing to buy a cng vehicle.


They have actually out in the west invested mightily in NG. They are fracking the heck out of states like Wyoming and others. Most of this is going for heating though as a replacement for oil. The infrastructure involved in vehicle fueling would be massive. It's hard enough running pipeline for heating residential areas and that is where they are concentrating the effort.
SteveZee
 
Hand Fed Coal Stove: Glenwood Modern Oak 116 & Glenwood 208 C Range

Re: Bend over for oil! Prices now match all-time high of '08

PostBy: Rigar On: Tue Feb 05, 2013 12:15 pm

franco b wrote:
samhill wrote:why should producing more faster help the price of gas here?

Because it increases world supply. Certainly new sources of energy are needed and maybe they will come in time. It won't come from some jackass politician though. I much prefer the evil oil companies to far more evil government which even now is setting us up for permanent recession.


..this country is a "negative producer"...and always will be.
That is a governmental "safe guard"

...we import nearly 4bbls for each 1bbl we send out.

The "permanent recession" is here now.
We have basically reached hyperinflation...
And the deficit is mathematically impossible to correct. Ever.
Rigar
 
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Re: Bend over for oil! Prices now match all-time high of '08

PostBy: SMITTY On: Tue Feb 05, 2013 12:17 pm

When you have a government that spends incessantly, trying to create a world that most normal people cannot understand, they make POOR choices that drive the value of the dollar into the dirt.

Everything costs more because the dollar is almost worthless. It's only going to get worse.

Our debt is approaching 200% of GDP. How can ANYTHING be cheap with that track record???

This has been a long time coming - poor choices made by BOTH parties .... but the bottom line is, Obama is fueling the fire instead of snuffing it out.
SMITTY
 
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Re: Bend over for oil! Prices now match all-time high of '08

PostBy: franco b On: Tue Feb 05, 2013 12:18 pm

I did not realize the almost non existent Obama energy policy except to hinder, is just right.
franco b
 
Hand Fed Coal Stove: V ermont Castings 2310, Franco Belge 262
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Re: Bend over for oil! Prices now match all-time high of '08

PostBy: anthony7812 On: Tue Feb 05, 2013 12:23 pm

SteveZee wrote:
anthony7812 wrote:The big Gov wants to spend spend spend, I can both good and bad outta this. They just arent spending it right. Public works suck as the interstate highway system in my eyes was a good project, as opposed to making more "projects". Now we want as a nation, in my point of view, to rid ourselves of foreign oil. Why hasnt the govt kicked in on massive overhaul for natural gas fueling stations, if this happened it would be alot more convincing to buy a cng vehicle.


They have actually out in the west invested mightily in NG. They are fracking the heck out of states like Wyoming and others. Most of this is going for heating though as a replacement for oil. The infrastructure involved in vehicle fueling would be massive. It's hard enough running pipeline for heating residential areas and that is where they are concentrating the effort.


I agree with you. But how hard would it be for medians on highways and burms on state routes to be used as preexisting pipeline paths? I understand the bulk users such as heating homes and large scale manufacturing are at the top of list for supply, this is why the gov should kick in. PA did allow counties to impose an impact fee that have gas industries at work, I see my local fire company putting in satellite dishes and big screen t.v's. Im thinking of much better ways to spend that money.
anthony7812
 
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Re: Bend over for oil! Prices now match all-time high of '08

PostBy: SMITTY On: Tue Feb 05, 2013 12:25 pm

You should see MA - Taj Mahal fire & police departments, AND schools. Every town has to have a bigger one, & taxes just keep rolling northward .... :roll: :mad:
SMITTY
 
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