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US gas prices falling...

Discussion in 'Current Events' started by snakestretcher, Oct 30, 2012.

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  1. Jollee

    Jollee New Member

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    the president's Energy Secretary Steven Chu acknowledged Tuesday at a Senate hearing that he indeed told the Wall Street Journal in September 2008 that getting U.S. prices up to higher, European-level gas prices would help move Americans to use more renewables.

    www.foxnews.com/.../chu-backpedals-on-call-for-higher-gas-prices/

     
    Jollee, Oct 31, 2012
    #76
  2. Margot

    Margot Account closed, not banned

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    Why do you think that exploration and drilling has increased in the US?

    Do you understand that Oil companies don't make investments in development unless the ppb is high?
     
    Margot, Oct 31, 2012
    #77
  3. squidward

    squidward Well-Known Member

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    Is it your assertion that government has no affect on "market forces" ?
     
    squidward, Oct 31, 2012
    #78
  4. Phoebe Bump

    Phoebe Bump New Member

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    Are we making s**t up again? Without Obama, you'd be selling apples on a street corner.
     
    Phoebe Bump, Oct 31, 2012
    #79
  5. Phoebe Bump

    Phoebe Bump New Member

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    When was the last time Obama lost 750,000 jobs in a month?
     
    Phoebe Bump, Oct 31, 2012
    #80
  6. Iriemon

    Iriemon Well-Known Member Past Donor

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    1) The economy has been growing steadily for more than three straight years, the private sector has added more jobs every month for 32 months in a row, stock markets are up over 100% from their recession lows, the unemployment rate has fallen from above 10% to 7.8%, and over 4.7 million additional private sector jobs have been added since Jan 2010.

    2) It is the world economy that affects gas prices, not just the US economy.

    Not to anyone that understands basic economics, lol....
     
    Iriemon, Oct 31, 2012
    #81
  7. Iriemon

    Iriemon Well-Known Member Past Donor

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    Sure. When was the last time you heard Bush or Romney say they support Obama's health care reform?
     
    Iriemon, Oct 31, 2012
    #82
  8. BestViewedWithCable

    BestViewedWithCable Well-Known Member

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    Nope, Im just wondering why it took the election, for obama to help the American people?...

    Got any ideas?
     
    BestViewedWithCable, Oct 31, 2012
    #83
  9. BestViewedWithCable

    BestViewedWithCable Well-Known Member

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    Its all part of obamas plan to screw every single America he can....

    Pay Up, Global Warming and such.....
     
    BestViewedWithCable, Oct 31, 2012
    #84
  10. Serfin' USA

    Serfin' USA Well-Known Member

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    The problem with our perception of the economy is a lot of the times we've experienced growth have come at the expense of the future. A lot of things were done in the 80s, 90s, and 00s that eventually caught up with us today. No single party can be blamed for these things, because it took collusion by various parts of government and industry to put the long term stability of our economy at risk.

    Too much emphasis is put on short term growth without thinking about the long term consequences. The stock market, in general, is a lot of the reason for this. A lot of stockholders seem to treat the market like it's gambling rather than a steady investment over time. All this instant gratification they desire leads to very rash decisions in both transactions and policymaking.
     
    Serfin' USA, Oct 31, 2012
    #85
  11. Serfin' USA

    Serfin' USA Well-Known Member

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    If increasing fuel economy is what you're suggesting, then you should support raising CAFE standards. That's something many conservatives have fought against every time it comes up.
     
    Serfin' USA, Oct 31, 2012
    #86
  12. Beevee

    Beevee Well-Known Member Past Donor

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    That's the price you pay for your interference in technology. Learn to live with it and stop your griping.

    Your little 2 year forage into White House selection is a bigger problem for the rest of the world than it is for you. We don't want another cretin who claims 'You are either with us or against us' because next time he will be told to stick his warmongering up his infected arse.
     
    Beevee, Oct 31, 2012
    #87
  13. Iriemon

    Iriemon Well-Known Member Past Donor

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    What were gas prices in Europe in December 2008? $3-4 bucks a gallon?

    That's about right.
     
    Iriemon, Oct 31, 2012
    #88
  14. Jollee

    Jollee New Member

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    the Interior Department published by an energy news service that, "Oil production fell by 14 percent … on federal lands and waters."That’s a one-year statistic we’ve also rated Mostly True.

    http://www.politicalforum.com/curre....o.../crossroads-gps-ad-oil-production-obama/

     
    Jollee, Oct 31, 2012
    #89
  15. keymanjim

    keymanjim New Member Past Donor

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    What I'm getting at is something I saw in BBC on America. On the show, Top Gear, they had a contest where three of them had to go from one town in France to some other town in England 700 mile away. The catch was that they had to do it with only one tank of gas.
    As the show was going, they kept switching between the three and they were saying that they were getting a fuel average somewhere in mid to high 40's.
    So, what I'm asking is, what is Europe doing that their cars get such an increased gas mileage and why aren't we doing that here?
     
    keymanjim, Oct 31, 2012
    #90
  16. Margot

    Margot Account closed, not banned

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    Because there is no shortage in supply.

    Because US lift costs are the highest in the world.

    Because the oil business is a business NOT a government project.

    Because Federal drilling regs are stringent.. there are many approved permits left on the table.

    Because for the first time in 40 years we are exporting refined product.
     
    Margot, Oct 31, 2012
    #91
  17. Iriemon

    Iriemon Well-Known Member Past Donor

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    Bad link.

    But here's a good link:

    According to an Energy Department study published in the spring, sales of oil from federal areas fell 14 percent between 2010 and 2011 and sales of natural gas production fell 9 percent, supporting Romney's point. The lower oil production was a result mainly of a moratorium on offshore drilling imposed by the Obama administration after the April 2010 BP oil spill in the Gulf of Mexico, the worst offshore oil spill in U.S. history.

    According to the same report, though, oil production from federal areas is up 13 percent since Obama took office despite last year's dip, and analysts say Gulf oil production is expected to soon exceed its pre-spill levels.

    http://www.chicagotribune.com/news/...-presidential-debate-20121017,0,7850626.story
     
    Iriemon, Oct 31, 2012
    #92
  18. puffin

    puffin Banned

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    You are either a liar or misinformed. I'll let others here decide which. http://www.eia.gov/todayinenergy/detail.cfm?id=5290
     
    puffin, Oct 31, 2012
    #93
  19. Jollee

    Jollee New Member

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    Nope, this was taken from Time Magazine By BRUCE CRUMLEY/PARIS 2008...

    the French are paying $8.67 for a gallon of super, compared to $7.10 in January, 2007. A gallon of diesel in French gas stations averages $8.54, up from $5.35 just a year ago. And in the U.K. diesel costs $11.50 per gallon, compared to around $3.90 in the U.S. Across the European Union, the average cost of a gallon of gas runs to about $8.70

    Read more: http://www.time.com/time/world/article/0,8599,1809900,00.html#ixzz2AtOCZ2TK




     
    Jollee, Oct 31, 2012
    #94
  20. Iriemon

    Iriemon Well-Known Member Past Donor

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    Your source's title: U.S. petroleum product exports exceeded imports in 2011 for first time in over six decades

    Supports exactly what Margot said. Under Obama, US petroleum products, mostly refined product, exceeds imports for the first time in decades. Except it is the first time in 6 decades, not 4 decades, as Margot wrote.
     
    Iriemon, Oct 31, 2012
    #95
  21. Zxereus

    Zxereus Well-Known Member Past Donor

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    Tell you what, you worry about your elections, and we'll take care of ours.
    In other words, butt out.
     
    Zxereus, Oct 31, 2012
    #96
  22. Iriemon

    Iriemon Well-Known Member Past Donor

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    Nice try, but January 2007 is not December 2008.
     
    Iriemon, Oct 31, 2012
    #97
  23. Jollee

    Jollee New Member

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    sorry heres the link posted in error... Below is the direct quote from the Fact Check article...

    the Interior Department published by an energy news service that, "Oil production fell by 14 percent … on federal lands and waters."That’s a one-year statistic we’ve also rated Mostly True.

    www.politifact.com/...o.../crossroads-gps-ad-oil-production-obama/

     
    Jollee, Oct 31, 2012
    #98
  24. Margot

    Margot Account closed, not banned

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    From your link.

    U.S. petroleum product exports exceeded imports in 2011 for first time in over six decades
     
    Margot, Oct 31, 2012
    #99
  25. Jollee

    Jollee New Member

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    Why my link keeps changing to a political form link I am not sure but here is the Fact Check link that shows oil Production is down on federal lands....


    the Interior Department published by an energy news service that, "Oil production fell by 14 percent … on federal lands and waters."That’s a one-year statistic we’ve also rated Mostly True.

    www.politifact.com/...o.../crossroads-gps-ad-oil-production-obama/

     
    Jollee, Oct 31, 2012
    #100
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