Oil economics

“With the footprints left all over the world by the Mighty Sole Superpower, it's a wonder this didn't happen years ago. Yes, Ron Paul and Jerome Wright both said this, but before you give the typical response- think.”

“That's right hyway. The oil companies should be regulated like power companies. The power companies had to have a good reason to be out of service for other than routine maint. If they had an emergency trip (shut down) they had to explain why. And they were regulated when they could be out of service for routine maint.”

“I may be out of date on this, but utility companies are regulated because they hold authorized monopolies. Not sure you can do the same thing in a "competitive" field like oil. Definitely need to break up the collusion thats going on between the big companies.”

“The government can pass regulations on any company it wants. But it must get it past all the special interests and the oil companies' lobby. It is the opposite of deregulation.
last edited: 4/28/08 8:28:02 PM”

“I was reading last night about the oil problems when Nixon was president and it jumped from $3 a barrel to $14 a barrel and everyone threw a shyt fit. Nixon said that we needed to be off foreign oil by the year 1980. Then the prices came back down and everyone forgot about it.

We don't need oil to come down, we need it to go UP. Nothing will get done until it cripples us.”

“true dat, but in a few months it will be down to $80 a barrel again and everyone will give a big sigh of relief, wipe the sweat from their forehead and then go buy that big SUV they have been passing on for the last 6 months.”

“Rocky Twyman has a radical solution for surging gasoline prices: prayer.

Twyman - a community organizer, church choir director and public relations consultant from the Washington, D.C., suburbs - staged a pray-in at a San Francisco Chevron station on Friday, asking God for cheaper gas. He did the same thing in the nation's Capitol on Wednesday, with volunteers from a soup kitchen joining in. Today he will lead members of an Oakland church in prayer.

Yes, it's come to that.

"God is the only one we can turn to at this point," said Twyman, 59. "Our leaders don't seem to be able to do anything about it. The prices keep soaring and soaring."

Gas prices have been driven relentlessly higher this year by the bull market for crude oil, gasoline's main ingredient. A gallon of regular now costs $3.89, on average, in California, while the national average has hit $3.58.

To solve the problem, Twyman isn't begging the Lord for any specific act of intervention. He is not asking God to make OPEC pump more oil. Nor is he praying for all the speculative investors to be purged from the New York Mercantile Exchange, where crude oil is traded.

Instead, he says anyone who wants to follow his example should keep it simple.

"God, deliver us from these high gas prices," Twyman said. "That's all they have to say."

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/04/25/BUCN10C1KR.DTL”

“Opec's president on Monday warned that oil prices could hit $200 a barrel and there would be little the cartel could do to help.
[...]
But Khelil blamed record oil prices on the weakness in the dollar and global political insecurity.


He told El Moudjahid, Algeria's government newspaper: "I don't think that an increase in production would help lower prices, because there is a balance between supply and demand and the stocks of gasoline in the United States have recorded a surplus and are at their highest level for five years."


He added: "The prices are high due to the fact of the recession in the United States and the economic crisis which has touched several countries, a situation which has an effect on the devaluation of the dollar, and therefore each time the dollar falls one percent, the price of the barrel rises by $4, and of course vice versa."

http://www.business-standard.com/ft/storypage_ft.php?&autono=321450”

“Thanks Bush.”

“If the car was a tool for transportation rather that an asylum from the mean world, people would look at the monsters in a rational light.

bring on the rail cars. Had to make a late comment about the child in all of us that we can't wait for a train.
last edited: 4/29/08 6:57:31 AM”

“You know what they say about toy trains and breasts, huh?

They are made for children but men still like to play with them.”

“Here's a LOL, comming overnight air.”

“He added: "The prices are high due to the fact of the recession in the United States and the economic crisis which has touched several countries, a situation which has an effect on the devaluation of the dollar, and therefore each time the dollar falls one percent, the price of the barrel rises by $4, and of course vice versa."



Bullchit. It has been going up steadily no matter what the economy has been. Read again what it was in the Nixon era. It'll go down when demand goes down.


Nothing will make the price plummet like our government taking it over. LMAO! Dream on.”

“And, if demand and therefore price comes down, the oil co's will be begging congress for more help as they did in 1979.

downwithtyranny.blogspot.com/2005/12/what-ever-happened-with-those-oil.html”

“Dang corporations always running to the government...............”

“Dang corporations are the government......”

“people make up the government, corporations are people. This is getting scary”

“People make up the government, corporations buy those people..........The People pay to subsidize incompetence and greed.”

“People in groups like the American Accostiation of Subject Oriented Right Brain Pastors.
last edited: 4/29/08 10:08:47 AM”

“What a surprise, NY has the highest gas tax in the country.”

“PA. has a high gas tax too. It wouldn't be so bad if they'd fix the roads and bridges. The roads around here are generally a mess, potholes, cracks, etc.”

“I gotta agree, Rich.

When one drives into Pennsylvania from Maryland there is a noticable difference in road quality.”

“They keep blaming the freeze thaw cycles we get, but other states get that too. I think it's just an excuse.”

“Gas prices are not going down again.... they will go up. A lot......

All the political stuff is just plain BS. The simple fact is we have reached peak oil and the supply of oil is decreasing while the world demand is rising....

It is basic economics... short supply and high demand equals higher prices.”

“Give every gas customer a lie detector test that ask them if they voted for Bush. If yes, they go to pump "W" which is doubleUprice.
last edited: 4/29/08 7:26:53 PM”

“we haven't reached peak. They could pump plenty more fuel, but we already have overstocked on gasoline.”

“Wishfull thinking. Changing the the length of the ruler wont change the size of your fish. And it will never be a 12 incher no matter how short you make the ruler.

We hit peak in 2005 and have already dropped 10 percent in production. Adding other sources to the list may make it look better for a few years but the effect is the same. Less top grade oil on the market and a lot more of the lower grade oil being used to fill the gap. This means higher costs and more pollution.....”

“3.8 million barrel build in domestic crude inventories- just released!”

“How we allow oil companies to get subsities is beyond me.”

“Rich and Marko..

I was born in PA and used to live in New Orleans... I always said that if you blind folded me I could tell you when we left Lousianna and when we entered PA because those two states had by far the worst roads..

This was in the mid nineties.. A couple years later I saw a report and they were 1, 2 in worst roads..

'fool”

“It's not that PA roads are bad, it's just that they are perpetually under construction.”

“They own us Nigal.”

“"How we allow oil companies to get subsities is beyond me."

Legalized bribery or, corporate lobbying as it's called now.

These cats are bringing back the Gilded
Age where business owned the U.S. Congress.
Then along came T. Roosevelt with his big stick....................but it didn't stick.”

“15 years ago they were terrible...

I spent two years in Pittsburgh.. the drive between Pittsburgh and Allentown sucked..

Turnpike under construction so you took 80.. what does PenDot do? Start construction on 80... Then 78....

Man that was horrible...

'fool”

“Oh, the home builders are in DC to get some of that oil company tax relief. LOL, democracy, LOLer.
one hour and forty minutes til the FED speaks.
last edited: 4/30/08 9:35:46 AM”

“There has been talk about turning I-80 into a toll road. They came up with some rates and I think it was 8 cents per mile for cars and about triple that for trucks. I'm not sure it will happen.”

“RichB, if that comes up to vote, vote it down. They did that in New York with the Thruway. What happened is they lost federal money, so the toll roads are in worse shape than the non-toll roads.”

“I think the vote is coming from within the legislature. So far there's a lot of opposition.”

“I watched a news report tonight that said stealing fuel has become more widespread as the price rises. Thieves are puncturing gas tanks on cars and trucks and making off with fuel to sell. Even some farmers are victims and some have lost hundreds of gallons of fuel from tanks out in the fields to fill tractors.

On another program, electricity demand is expected to rise by 20% over the next ten years with production reaching 10%. They said to expect blackouts and high prices for electricity. Coal is going up faster than anyone predicted and to make things more complex there isn't enough rail lines in place to transport coal to new coal fired plants that are supposed to come on line. Trucks will have to fill in the gap and it costs more to haul coal on trucks.
last edited: 4/30/08 5:59:56 PM”

“Legalized bribery or, corporate lobbying as it's called now.

We could save a ton of money by getting rid of subsidies all together. Start with beat the oil companies off the government teet and then move on to the farmers.”

“then stop subsidizing teapot museums, PBS, and the Arts in general.”

“A list of things the Government should stop subsidizing would fill a library.”

“We should shut down the National Gallery of Art and all the museums on the Mall in D.C. and sell them to developers for retail and high-price condominiums.

The National Zoo?
Condos..............nice piece of real estate on Rock Creek Park.
Sell the park too.”

“If you see a teapot museum in Bumfork, Iowa and PBS as the equivalent of the National Gallery of Art I feel sorry for your loss of perspective.”

“Keep this up and you all will be defined by the 'L' word (Libertarian).”

“I would be a libertarian if not for the freaks that already define what a libertarian is.”

“Thank you, made my day, if you were talking about me.”

“no, I strongly doubt that you are this way in person. I was referring to the black helicopter and bunker in the hills types I have met in the past.”

“You're right , I practice far more restaint here, than in my real life.”