RE: Perry Promises Increased Drilling and Decreased Regulation

RE: Perry Promises Increased Drilling and Decreased Regulation (Full Version)

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mnottertail -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 8:07:41 PM)
When there is NO oil coming to the market, it will be even more expensive if they have it. But we are years from that. So, if we ever get to the place where there are NO republicans in office, would anyone pay any attention to their deficient hyperboles then?

jlf1961 -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 9:42:20 PM)
Sanity seems to think that the market for gasoline will set the price. He must have forgotten when gas went over $4 a gallon in 2008.

Sanity -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/18/2011 5:00:42 AM)
What do you think sets price, what is your guess quote: ORIGINAL: jlf1961 Sanity seems to think that the market for gasoline will set the price. He must have forgotten when gas went over $4 a gallon in 2008.

Owner59 -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/18/2011 6:04:55 AM)
Cons claiming that energy jobs will help us out of the bush recession is a little like your kid telling you he`ll help pay the mortgage from his lemon-aid stand business. Just as unrealistic. How about we stop subsidizing oil companies? Exxon made over a hundred billion in profits last year. Do they need our tax payer dollars?

Hillwilliam -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/18/2011 6:08:45 AM)
quote: ORIGINAL: Sanity What do you think sets price, what is your guess quote: ORIGINAL: jlf1961 Sanity seems to think that the market for gasoline will set the price. He must have forgotten when gas went over $4 a gallon in 2008. You might recall in '08 when gas went over $4/gallon, demand was actually lower than the previous year. Speculators drive the market, not demand at the pump.

FirstQuaker -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/18/2011 7:11:27 AM)
quote: ORIGINAL: Hillwilliam quote: ORIGINAL: Sanity What do you think sets price, what is your guess quote: ORIGINAL: jlf1961 Sanity seems to think that the market for gasoline will set the price. He must have forgotten when gas went over $4 a gallon in 2008. You might recall in '08 when gas went over $4/gallon, demand was actually lower than the previous year. Speculators drive the market, not demand at the pump. That is one main reason why Sinopec is looking for other markets for their tar sand product, demand for gasoline is supposed to stay flat or even drop slightly in the US during the next decade, according to the wonks who study such things.

Sanity -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/18/2011 7:12:50 AM)
And what is your guess as to what drives speculation... [;)] A related article, how the Dems dream of high fuel costs (a primary driver of our current inflation) harm everyone, especially the poor and those on fixed incomes: quote: Inflation Pressures Intensify as Producer Prices Jump Higher U.S. producer prices rose more than expected in September to record their largest increase in five months as gasoline prices surged, a government report showed on Tuesday. [image]http://media.cnbc.com/i/CNBC/Sections/News_And_Analysis/__Story_Inserts/graphics/__ECONOMY/INFLATION_noTEXT.jpg[/image]CNBC.com The Labor Department said its seasonally adjusted index for prices received by farms, factories and refineries, increased 0.8 percent after being flat in August. Economists polled by Reuters had expected prices to increase 0.2 percent. Excluding volatile food and energy,... (blah blah blah) ...Last month, wholesale prices were pushed by a 4.2 percent jump in gasoline price, the largest increase since March, after dropping 1.0 percent in August. Food prices rose 0.6 percent, slowing from a 1.1 percent rise in August. In the 12 months to September, producer prices increased 6.9 percent, accelerating from Augusts 6.5 percent advance.

mnottertail -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/18/2011 7:30:46 AM)
quote: ORIGINAL: Sanity And what is your guess as to what drives speculation... [;)] It isn't a guess, its a fact, so I don't know if it counts, exploiting fear with unconscionable greed. There is no shortage of oil, pay me $10 dollars a gallon, I will get you all you want... all you want with no end... So, the test of that would be, let speculators drive up oil prices, throwing out longs all day and night (same thing as they did in housing, where rabbit warrens and crackhouses were selling for half a mill) and then have our governement dump our total reserve on the market...what? How much we got full up as we are? 60 days, a year? Speculators will be forced to cover and the government will make a huge profit and buy it back at around a quarter of what the originally bought it for and it will be a long long long long fuckin time before anyone speculates in that market again. Its only good capitalism. Its the right thing to do.

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