Price of Gas is back up

  1. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Price of Gas is back up

    In response to airborne-rgr's comment:

    US Gas Prices, Oil Price & the Real Story Take the Drill-Baby-Drill Challenge: Can You Guess Right?

    active-drilling-quiz.png

    March 25, 2012. You know the story. When Obama took office:

    • Gasoline cost $1.95/gallon and oil, $45

    But now (3/2/12)

    • Gasoline costs $3.72/gallon and oil, $125

     

    Incredible. And we understand - because our politicians explained it to us, like so ...

     

    1. We should've drilled.
    2. But Obama and his EPA stopped us.
    3. So the supply of oil went down.

    And, that pushes the price up, and high oil prices cause high gas prices. If we had drilled, supply would be up and the price would be down. Maybe down to $1.00/gal like under Clinton (March 1999).

    Free. Many Varieties 

    So I dare you to guess which Obama scenario on the graph above is correct. Don't cheat. Guess before you click to see the answer. Don't believe it?  See for yourself where the data comes from.

    Shocking but true:

    1. We did "drill baby drill" - like never before.
    2. Obama didn't stop us.
      • Just ask the upset Sierra Club.
    3. The US supply of oil went up the most since 1970.

    Under Obama, drilling has skyrocketed as never before, and the price of gas went from $1.95 to $3.95 (April 1, 2012).  There's a reason.

     

    http://zfacts.com/sites/all/files/image/energy/active-oil-drilling-rigs.png



    Umm...those are the drillings that Obama couldn't control.

    Where Obama has control, i.e. Federal Land, no such spike.

     
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  4. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Price of Gas is back up

    In response to airborne-rgr's comment:

    In response to skeeter20's comment:

     

     

    In response to airborne-rgr's comment:

     

    US Gas Prices, Oil Price & the Real Story Take the Drill-Baby-Drill Challenge: Can You Guess Right?

    active-drilling-quiz.png

    March 25, 2012. You know the story. When Obama took office:

    • Gasoline cost $1.95/gallon and oil, $45

    But now (3/2/12)

    • Gasoline costs $3.72/gallon and oil, $125

     

    Incredible. And we understand - because our politicians explained it to us, like so ...

     

    1. We should've drilled.
    2. But Obama and his EPA stopped us.
    3. So the supply of oil went down.

    And, that pushes the price up, and high oil prices cause high gas prices. If we had drilled, supply would be up and the price would be down. Maybe down to $1.00/gal like under Clinton (March 1999).

    Free. Many Varieties 

    So I dare you to guess which Obama scenario on the graph above is correct. Don't cheat. Guess before you click to see the answer. Don't believe it?  See for yourself where the data comes from.

    Shocking but true:

    1. We did "drill baby drill" - like never before.
    2. Obama didn't stop us.
      • Just ask the upset Sierra Club.
    3. The US supply of oil went up the most since 1970.

    Under Obama, drilling has skyrocketed as never before, and the price of gas went from $1.95 to $3.95 (April 1, 2012).  There's a reason.

     

    http://zfacts.com/sites/all/files/image/energy/active-oil-drilling-rigs.png

     



    Umm...those are the drillings that Obama couldn't control.

     

    Where Obama has control, i.e. Federal Land, no such spike.

     

     

     




     

     

    What the heck are you babbling about.

    First of all, EVERY WELL in the country, whether it be on public land or private land, is licensed and permitted by the gov't.

     

    Second of all, just making shiite up makes you look even more ridiculous.

     

    In Jan 2009, there were 346 rotary rigs operational in the US.

    As of Feb 2013, there are 1337 rotary rigs in operation.

    That's a 400% increase in active drilling.

    http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm?showpage=na

     

    At the end of 2008, Total Number of Producible and Service Holes on Federal Lands in the US was 86,642

    At the end of 2012, there were 92,583 of those same producing wells.

    That's an increase of 6,000 producing wells on Federal Lands.

    www.blm.gov/pgdata/etc/medialib/blm/wo/MINERALS__REALTY__AND_RESOURCE_PROTECTION_/energy/oil___gas_statistics/data_sets.Par.66994.File.dat/table01.xlsx



    You are sprinting past the point.  Drilling ojn Federal land is down, drilling on private land is up.  Also consider fracking.  now, unless you are willing to tell me that Obama invented or is for fracking, then your "spike" is despite Obama, not becasue of Obama.

     
  5. You have chosen to ignore posts from miscricket. Show miscricket's posts

    Re: Price of Gas is back up

    So..let me get this straight. Capitalism is good except when someone is paying too much at the pump?  Last time I checked..the oil industry is a private industry run by private companies. Prices go up and down depending on supply and demand ( and the occasional..albeit 'convenient' refinery shutdowns). Most interventions that the government makes into this industry are designed to keep prices down for consumers. Is Skeeter advocating for more government subsidies to an industry that already rakes in record profits? Don't like the price of gas? Don't buy a gas guzzling vehicle for recreational use...and buy less gas.

     
  6. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Price of Gas is back up

    In response to miscricket's comment:

    So..let me get this straight. Capitalism is good except when someone is paying too much at the pump?  Last time I checked..the oil industry is a private industry run by private companies. Prices go up and down depending on supply and demand ( and the occasional..albeit 'convenient' refinery shutdowns). Most interventions that the government makes into this industry are designed to keep prices down for consumers. Is Skeeter advocating for more government subsidies to an industry that already rakes in record profits? Don't like the price of gas? Don't buy a gas guzzling vehicle for recreational use...and buy less gas.



    How do you get that I am promoting subsidies at all?  Why do people on the left always look at the input from the right through the haze of a crack pipe?

    I was merely debunking the "Obama is drilling more than anyone ever has" mythology.  It has been despite Obama.

    Remove all "subsidies" to everyone, gas companies, solar companies, and poor people.  We don't have money for any of it.

     
  7. You have chosen to ignore posts from miscricket. Show miscricket's posts

    Re: Price of Gas is back up

    In response to skeeter20's comment:

     

    In response to miscricket's comment:

     

    So..let me get this straight. Capitalism is good except when someone is paying too much at the pump?  Last time I checked..the oil industry is a private industry run by private companies. Prices go up and down depending on supply and demand ( and the occasional..albeit 'convenient' refinery shutdowns). Most interventions that the government makes into this industry are designed to keep prices down for consumers. Is Skeeter advocating for more government subsidies to an industry that already rakes in record profits? Don't like the price of gas? Don't buy a gas guzzling vehicle for recreational use...and buy less gas.

     



    How do you get that I am promoting subsidies at all?  Why do people on the left always look at the input from the right through the haze of a crack pipe?

     

    I was merely debunking the "Obama is drilling more than anyone ever has" mythology.  It has been despite Obama.

    Remove all "subsidies" to everyone, gas companies, solar companies, and poor people.  We don't have money for any of it.

     



    What does it matter whether or not Obama is drilling. No one in their right mind believes that more drilling is going to lead to lower prices at the pump. Worldwide demand is at an all time high. Gas prices have nowhere to go but up..just like oil companies profits.

     

    By the way..I am all for removing subsidies from big oil. Let consumers understand the real cost of oil and gas. In Europe they get it because they are paying the equivalent of $8-9 per gallon of gas. They are big on conservation.

     
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  11. You have chosen to ignore posts from MattyScornD. Show MattyScornD's posts

    Re: Price of Gas is back up

    In response to skeeter20's comment:

    Remove all "subsidies" to everyone, gas companies, solar companies, and poor people.  We don't have money for any of it.



    Right.

    Because there's no difference whatsoever between multi-billion dollar oil companies and poor people...?  Really?!

    Gas has been too artificially cheap for too long.  Welcome to the new normal - where the price of gas finally comes into line with its costs.

     

     

     

     
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  13. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: Price of Gas is back up

    In response to FortySixAnd2's comment:

    In response to miscricket's comment:

     

    So..let me get this straight. Capitalism is good except when someone is paying too much at the pump?  Last time I checked..the oil industry is a private industry run by private companies. Prices go up and down depending on supply and demand ( and the occasional..albeit 'convenient' 

     



    Funny but I said the same thing to libs when many of them were complaining about profits oil companies make. I said the same thing when many libs complained about profits health insurers make. 

     




    IMO capitalism works great when it comes to wants.  You want a new car, or a plumber, or a widget - shop around, let the market decide, use your best judgement.  That's capitalism at its best.

    It fails miserably when we're talking about needs.  With true capitalism, there would be no drilling on federal lands, or waters.  True capitalism would not involve health insurance - you would negotiate with the doctor or hospital.  You can see the consumer wouldn't have much leverage.  Or how about buying a kidney you don't need, "just in case".  What if there are food & water shortages nationwide?  Do you ration to meet the needs of everyone (socialism!) or do you sell sustenance to the highest bidder?  

     
  14. You have chosen to ignore posts from miscricket. Show miscricket's posts

    Re: Price of Gas is back up

    In response to FortySixAnd2's comment:

     

    In response to miscricket's comment:

     

    So..let me get this straight. Capitalism is good except when someone is paying too much at the pump?  Last time I checked..the oil industry is a private industry run by private companies. Prices go up and down depending on supply and demand ( and the occasional..albeit 'convenient' 

     



    Funny but I said the same thing to libs when many of them were complaining about profits oil companies make. I said the same thing when many libs complained about profits health insurers make. 

     

     




     

    I don't have a problem with an industry raking in profits. I do have a problem when government subsidies contribute to those profits.

    The oil industry is a private industry. If people like Skeeter et al have an issue with high gas prices..then they should take it up with the oil companies and stop blaming the government. More drilling is not going to lower oil or gas prices. There is too much demand worldwide.

    I do have an issue with private health insurance..but my issue is more of an ideological one. I think health insurance should be run as a non-profit model. I like the part of the ACA which mandates that insurance companies spend a minimum of 80 percent of premium money collected on actual health care costs for their members.  This is in line with what non profit companies are required to do.

     
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  17. You have chosen to ignore posts from UserName99. Show UserName99's posts

    Re: Price of Gas is back up

    In response to jackbu's comment:

    It has been a long time since the oil just appeared on the ground's surface.  More drilling is needed all the time.  The success of each drilled well is lower then most think. The government can be blamed when it puts up road blocks and protects too much land.

    We can walk as one has suggested, but higher gas prices affect everything.  Milk and bread cannot be walked to the supermarkets.



    The oil coming from the sands of Alberta literally is the ground surface.  They mine for oil in Ft. McMurray, they don't drill for it.

     

     
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  19. You have chosen to ignore posts from miscricket. Show miscricket's posts

    Re: Price of Gas is back up

    In response to FortySixAnd2's comment:

    In response to miscricket's comment:

     

     

     

    I think health insurance should be run as a non-profit model.

     



    Many are....and many on the Left still b!tch about them. For example, BCBS of MA, TAHP and HPHC are all non-profit companies.

     

    But why is it ok for oil companies to make profits but not health insurers. If you base it on needs well, we NEED oil. We need it for pretty much every product you have. Plus without oil everything would come to a screeching halt. How will products get shipped? How will people get to work? Etc.

     




    True...but I tend not to take people seriously who complain about everything..no matter where they fall politically. Look at the three examples you gave for non profit health insurers. They are heads and shoulders above the for profit companies in terms of what they deliver for both their members and the physicians who are part of their network. You would be hard pressed to find a health care facility that does not accept one of these insurance plans.

    Compare them with Aetna..who is perhaps the best of the crop in the For Profit model. There is no comparison in my book...and that's the best of them. My nephew's company uses a PHCS type of health plan. Do you know what those are? They are essentially a plan where the participating employer also makes money. His family coverage is lousy..and very expensive. He pays $200 week for a family plan that doesn't cover the first $4500 in preventative and sick visits. Unless they have a catastrophic health event..why even bother having coverage? Juxtapose that to my family plan through Tufts..which costs just over $90 per week and covers everything minus the copays.

    The non profit model works..no matter what the politicians say.

    I am not so sure the same model should be true for oil. True we need fuel for transportation and for moving commodities..but our addiction to oil over the last few decades has limited the exploration of other energy sources. People don't realize that oil is not in limitless supply on the earth. The more we drill..the more we use..the quicker the well runs dry..so to speak. My point is that there are alternatives.  It's not that I disagree with your premise..I just think it is something that will never happen. I think the only true way to keep prices manageable is through conservation.

     
  20. You have chosen to ignore posts from doozy-day. Show doozy-day's posts

    Re: Price of Gas is back up

    I think the point of this thread should be basic, without all of you economic experts ringing your own bells.......

    The price of gas is up, way up, the economy isn't improving, we are all being squeezed more than ever on everything from taxes, to groceries, to gas, to health insurance, with little or no end in sight.

    All Obama wants to do is campaign for a living, pick and choose the battles he knows he can win, and then go on vacation.

    Congress on the other hand, is forever in campaign mode because they don't know how to do anything else, it is all about the next election, and who wins.

    We are running out of money to cover all of these increases, and the governement won't stop spending.

    We have a spending problem, not a revenue problem.

     
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  22. You have chosen to ignore posts from xXR3S1NXx. Show xXR3S1NXx's posts

    Re: Price of Gas is back up

    In response to airborne-rgr's comment:

    In response to doozy-day's comment:

     

    I think the point of this thread should be basic, without all of you economic experts ringing your own bells.......

    The price of gas is up, way up, the economy isn't improving, we are all being squeezed more than ever on everything from taxes, to groceries, to gas, to health insurance, with little or no end in sight.

    All Obama wants to do is campaign for a living, pick and choose the battles he knows he can win, and then go on vacation.

    Congress on the other hand, is forever in campaign mode because they don't know how to do anything else, it is all about the next election, and who wins.

    We are running out of money to cover all of these increases, and the governement won't stop spending.

    We have a spending problem, not a revenue problem.

     




     

    So if you get a paycut at work, does that mean you now suddenly have a spending problem?




    When did the government take a paycut?? Last i rember the government still takes in hundreds of billions of dollars. They just spend more than they take in. The Government takes in more than enough money to sustain itself they just need to appropriate it correctly.

     
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  24. You have chosen to ignore posts from xXR3S1NXx. Show xXR3S1NXx's posts

    Re: Price of Gas is back up

    In response to airborne-rgr's comment:

    In response to xXR3S1NXx's comment:

     

    In response to airborne-rgr's comment:

     

    In response to doozy-day's comment:

     

    I think the point of this thread should be basic, without all of you economic experts ringing your own bells.......

    The price of gas is up, way up, the economy isn't improving, we are all being squeezed more than ever on everything from taxes, to groceries, to gas, to health insurance, with little or no end in sight.

    All Obama wants to do is campaign for a living, pick and choose the battles he knows he can win, and then go on vacation.

    Congress on the other hand, is forever in campaign mode because they don't know how to do anything else, it is all about the next election, and who wins.

    We are running out of money to cover all of these increases, and the governement won't stop spending.

    We have a spending problem, not a revenue problem.

     




     

    So if you get a paycut at work, does that mean you now suddenly have a spending problem?

     




    When did the government take a paycut?? Last i rember the government still takes in hundreds of billions of dollars. They just spend more than they take in. The Government takes in more than enough money to sustain itself they just need to appropriate it correctly.

     

     




     

    When baby-Bush took office, gov't receipts were 20% of GDP.

    When baby-Bush left office receipts were 15% of GDP.

    So unless you live under a rock or practice a peculiar brand of wingnut math, 20% down to 15% is an enormous paycut.




    5% Doesnt mean diddly Squat when your talking Hundreds of billions of dollars. Again the government has more than enough money it just needs to appropriate it correctly.

     
  25. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Price of Gas is back up

    In response to airborne-rgr's comment:

    In response to xXR3S1NXx's comment:

     

    In response to airborne-rgr's comment:

     

    In response to doozy-day's comment:

     

    I think the point of this thread should be basic, without all of you economic experts ringing your own bells.......

    The price of gas is up, way up, the economy isn't improving, we are all being squeezed more than ever on everything from taxes, to groceries, to gas, to health insurance, with little or no end in sight.

    All Obama wants to do is campaign for a living, pick and choose the battles he knows he can win, and then go on vacation.

    Congress on the other hand, is forever in campaign mode because they don't know how to do anything else, it is all about the next election, and who wins.

    We are running out of money to cover all of these increases, and the governement won't stop spending.

    We have a spending problem, not a revenue problem.

     




     

    So if you get a paycut at work, does that mean you now suddenly have a spending problem?

     




    When did the government take a paycut?? Last i rember the government still takes in hundreds of billions of dollars. They just spend more than they take in. The Government takes in more than enough money to sustain itself they just need to appropriate it correctly.

     

     




     

    When baby-Bush took office, gov't receipts were 20% of GDP.

    When baby-Bush left office receipts were 15% of GDP.

    So unless you live under a rock or practice a peculiar brand of wingnut math, 20% down to 15% is an enormous paycut.




    So, the current price of gas is Bush's fault?

     

    WHY CAN'T YOU TODDLERS STAY IN THE PRESENT TIME WITH THE CURRENT OCCUPIER OF THE WHITE HOUSE?

     

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