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03-12-2014, 12:08 PM | #4261 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Posts: 181,332
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03-12-2014, 07:11 PM | #4262 |
Supporter
Join Date: Dec 2005
Location: Highlandville, MO
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You say that, yet the supply has never been higher. It was reported on the news today that the US is likely gonna be producing more barrels of oil per day than Saudi Arabia by the end of the year. Yet prices continue to increase.
http://www.thenewamerican.com/tech/e...oil-production |
Posts: 12,619
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03-12-2014, 08:02 PM | #4263 | |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Quote:
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03-12-2014, 08:08 PM | #4264 |
I like Pie!
Join Date: Jan 2004
Location: In my garage
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Posts: 5,383
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03-12-2014, 08:09 PM | #4265 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Posts: 181,332
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03-12-2014, 08:11 PM | #4266 |
I like Pie!
Join Date: Jan 2004
Location: In my garage
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Posts: 5,383
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03-12-2014, 08:13 PM | #4267 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Posts: 181,332
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03-12-2014, 08:23 PM | #4268 |
Thread I will end you.......
Join Date: Apr 2007
Location: Kansas City, KS
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Need more oil refineries, just saying.
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Posts: 8,968
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03-13-2014, 08:54 AM | #4269 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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What really pisses me off is that the average gas price has been $1.75 - $2.00 MORE per gallon over the last 5 years since Obama took office and nobody seems to care.
That equates to roughly $1.1 TRILLLION dollars EXTRA that Americans have spent on gas since 2008 and is is any wonder why the economy has so many obstacles. It is a direct hit to consumers. Add on top of that all the companies and businesses that have raised prices like food, trucking, and airlines and it's no wonder we can't get out of our own way these days. The biggest problem is that the Federal Reserve has DESTROYED the US Dollar and oil is traded in dollars, so oil is artificially high by at least 35-40%. Oil should be around $60 a barrel and gasoline should be no more than $1.50 a gallon. Factor in all the stupid gas blends that states and the EPA mandate and this whole thing is a giant Ponzi scheme sucking money out of Americans. The government loves it because all the god damn taxes they get. We have enough oil and natural gas in this country to tell everyone to go "F" themselves. |
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03-13-2014, 09:08 AM | #4270 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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POTUS can do very little to change the price of crude (and thereby the price of gasoline), regardless of party.
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03-13-2014, 09:17 AM | #4271 |
Starter
Join Date: Sep 2012
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03-13-2014, 09:21 AM | #4272 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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03-13-2014, 09:23 AM | #4273 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Most people are pretty clueless when it comes to gasoline and crude pricing. So, I suppose it's understandable to complain when "an oil man" is POTUS and crude prices are high and not when POTUS is a lawyer.
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03-13-2014, 09:51 AM | #4274 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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03-13-2014, 09:52 AM | #4275 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Actually it's the Federal Reserve that has the influence on the value of the $. The Fed right now and for the last several years has been more concerned with taking care of Wall St. and not Main St.
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