Boy, it's fall..and gas prices always go down ? So If Bush was president there would be riots and protest in the streets over the evil Bush oil cartel screwing over the American people. Democrats in congress would be holding hearings demanding answers.. The press would be all over this rise as proof that the Bush administration was working and profiting hand in hand with Big Oil. Our troop involvement would be seen as securing up oil supplies to give the Bush administration more power and influence. But now Obama gets a free ride. and your energy bill after 3 years has destroyed this economy. The energy policy with oil is not the same. Only sending troops to fight over oil is the same.. Only keeping gas prices high to get more tax revenues is the same. and only the press ignoring this terrible oil BS is the same. We all could accept a 20 cent rise..not a 2 dollar rise FOR NOTHING. No WARS,No disruptions..no strikes..no hurricanes.. This president was a man of his word. He transformed America almost over night.
Nowhere did the OP even mention the word Libya. Still up to your old tricks huh Margot. How about addressing his point? If this were Bush he would be crucified by liberals and the press. Obama isn't. Why
Bull poop..IF Iraq was over oil ..then so was Libya ? Exxon made 13 BILLION IN PROFITS in the last 13 weeks. They pay taxes on that windfall. A stable oil supply along with troops deployed gives them that profit ? They get the oil.. and we get the screw. NO different than BUSH. where was the direct treat to America ? where was the weapons of mass destruction ? But..where was the debate to use American money and power in Congress ? Where was Paul crying that without a vote a president cant send drones and missiles ? ( a soft ball pitch to you Paul guys.. ) Where was the media on this rapid oil increase ?
LOLOL.. Its not about oil in Iraq either.. Iraq production still isn't up to prewar levels.. The only fools who thought there was something to be gained by oil were Bush's daffy neo-cons.. They claimed they would pay for the Iraq war with Iraqi oil.. a HUGE joke among oilmen.
Exxon has no oil operations in Libya.. Hess, Marathon, TOTAL, ENI, Occidental, BP, Conoco Phillips, Dutch Shell all have oil operations in Libya nd will be back at work after the first of the year.
In case anyone failed to notice, there are riots and protests in the streets, over something else... This astroturfing OWS deal is actually a pretty nifty plan, they gathered up their least useful lemmings and set them to class warfare so everyone ignores Obama's blunders.
The joke is on us. I am not laughing. And the so called oil men (speculators ) are about to lose their collective shirts When Romney wins and opens up every energy venue and spreads out the WEALTH..by lowering obscene profits. Not by taxes..but by FAIR COMPETITION. Oil will compete with Natural gas..and the nations taste for fighting the middle east wars for oil has gone away.It was over Oil which aint the worst thing to fight over..but we need not do it again..and again. Big oil will need to compete with small oil again..
You have confused oilmen with "speculators".. The margins remain the same, Billy.. Profit margins have NOT increased and Exxon owns no OIL IN THE ME. Do you follow the OPEC price basket?
Then this thread should be moved to it's proper location. Mods, please move this to the Opinion section. Thx in advance.
No, I don't, I have other things to concern me with, price at the pump is what I see and have to deal with. In this case I choose ignorance because quite frankly I don't have the time nor effort to look into it. Its my busy season, perhaps next summer I'll try to learn something on it. A quick summary or overview of how it works would be welcome.
OPEC is actually down a dollar this week... As I said.. actual numbers are available. This time of year there is generally a refinery slow down as they convert to heating oil.. but there are NO supply shortages.
sort of ..I own 800 shares of Exxon From 2000 Oil prices rise and set on speculation..Not free market forces. a stable oil supply means Exxon and others have it to sell where they want.. The idea of war drives up prices.. This rise is on the idea of economic recovery in Europe..which is a joke. My original op was on the press branding the Bush administration as a oil cartel..sending troops to fight to secure oil..which you correctly made my point for me.. Just the thought of wars drives prices up..Profits up.Even if we never get a drop from Iraq or Libya. If war is bad and prices go up.. peace would be seen as Good right ? The Obama Hope...his Libya justification ? Except the price oil continues to go up ..and so do profits and those campaign donations. ( oops ) The Greek bailout means nothing..The oil men are still laughing all the way to the bank..along we some of us who invested a long time ago.
Libya had no impact on supply.. Saudi Arabia and Kuwait raised production last summer. I invested in Exxon in the 1960s, dearie. .. Profit margins have NOT increased.
You really are slow aren't you. Are you sitting here claiming far left nutballs like yourself didn't claim Bush attacked for oil? Yes or No Margot? Can you ever answer a straight question? And produce the evidence Bush or anyone in his administration said oil would pay for the entire war. Back up your lie.
If Bush attacked Iraq for oil, he was dumber than I thought.. Iraqi oil production still has not come up to the period of sanctions .. The only people who thought that Iraqi oil would pay for Bush's war, were the dual citizen neocons... Apparently, Bush's neocons didn't know as much about the oil business as either liberals or conservatives.
Bush said he could lower oil prices by "jawboning" OPEC. We saw how well that worked. I don't recall Obama making such claims.
I was only 6 years old...they didn't let babies invest back then.. Profit margins haven't increased because of regulations and taxes and the cost of permits for exploration,and court cases. Oil should deal with that like any other business. Why does Netflix go down on a price hike ? Competition. Oil doesn't have any.. 1st Obama shuts off exploration and drilling ..driving up speculation and my gas and energy bill. Romney will end that and your cost will plummet by over 1 dollar the 1st year. This will probably be moved ..but it is current for today. the press says nothing except to mention Exxon profit. Further igniting the class war fare and OWS demonstrations. Nothing about Obama's oil ties..his campaign donations..his energy policy that drives prices up.
I agree the way that gas prices move in tandem suggests lack of competition, especially given the unbelievable profits they make even when the economy is struggling. But how is that Obama's fault?
The only thing that shuts down exploration and drilling is ROI.. as in when the PPB falls. Oil has NOTHING to do with class warfare or a shrinking Middle class. Obama has no oil ties.. In the past decade big oil made MORE campaign contributions to the Republican party.
