There go oil prices again

[whell]

http://www.msnbc.msn.com/id/40811733...il_and_energy/

Its winter, demand goes up. Economy is recovering, production goes up increasing the demand for oil used in production and transportation of goods. Currency woes increase speculation on commodities like oil.

And here we are with no plan to increase domestic supply to help control the cost of oil. Another opportunity lost over the last two years, and no outlook for any change to domestic policy for increasing supply.

[d-ray657]

Originally Posted by whell

http://www.msnbc.msn.com/id/40811733...il_and_energy/

Its winter, demand goes up. Economy is recovering, production goes up increasing the demand for oil used in production and transportation of goods. Currency woes increase speculation on commodities like oil.

And here we are with no plan to increase domestic supply to help control the cost of oil. Another opportunity lost over the last two years, and no outlook for any change to domestic policy for increasing supply.

So won't letting demand go up without increasing supply, won't increasing costs create a focus for alternatives, such a more fuel efficient transportation, greater use of mass transit, car-pooling, walking, alternative energy sources, etc. Isn't that how the market is supposed to work?

Regards,

D-Ray

[BlueStreak]

So, did you blame Bush for $4 gas, or give credit to Clinton for sub-$1 gas?

Dave

[piece-itpete]

Sub $1 gas

I had just got my Geo Metro, with its' 8 gallon tank it was so cheap to run it was almost obscene. $.89/gl divided by 39 mpg = 2.3 cents per mile! Now, $3.10/gl by about 15 average = 20.7. This is depressing.

Adding supply would all things being equal lower the price. Capitalism 101.

Pete

[noonereal]

Originally Posted by whell

http://www.msnbc.msn.com/id/40811733...il_and_energy/

Its winter, demand goes up. Economy is recovering, production goes up increasing the demand for oil used in production and transportation of goods. Currency woes increase speculation on commodities like oil.

And here we are with no plan to increase domestic supply to help control the cost of oil. Another opportunity lost over the last two years, and no outlook for any change to domestic policy for increasing supply.

Didn't Cheney address this 10 years ago? How can you expect a DEm to fix this in two years if God Cheney spent years making sure it would not be fixed in his lifetime?

And I am damned serious, please answer.
thanks

[finnbow]

Originally Posted by piece-itpete

Sub $1 gas

I had just got my Geo Metro, with its' 8 gallon tank it was so cheap to run it was almost obscene. $.89/gl divided by 39 mpg = 2.3 cents per mile! Now, $3.10/gl by about 15 average = 20.7. This is depressing.

Adding supply would all things being equal lower the price. Capitalism 101.

Pete

... and back then you got a set of free steak knives.

[noonereal]

Originally Posted by piece-itpete

Sub $1 gas

I had just got my Geo Metro, with its' 8 gallon tank it was so cheap to run it was almost obscene. $.89/gl divided by 39 mpg = 2.3 cents per mile! Now, $3.10/gl by about 15 average = 20.7. This is depressing.

Adding supply would all things being equal lower the price. Capitalism 101.

Pete

This is not true in the oil industry.

If ships need to be anchored at sea to create shortages it is done.

[piece-itpete]

So why then is Obama et al playing into the hands of the oil industry by surpressing domestic production?



Pete

[noonereal]

Originally Posted by piece-itpete

So why then is Obama et al playing into the hands of the oil industry by surpressing domestic production?



Pete

He is not, your question is bogus.

[CarlV]

Originally Posted by piece-itpete

Adding supply would all things being equal lower the price. Capitalism 101.

Like the trickle down theory? Me thinks Capitalism 101 forgot about the greed factor.
We have only ourselves to blame for our excessive oil consumption.