http://www.wral.com/...story/10883821/
Take that for what you will
Drill Baby, Drill....wait It Doesn't Reduce Gas Prices?
Started by tarheelpride, Mar 21 2012 08:39 AM
38 replies to this topic
#1
tarheelpride
Logic is optional
- Joined: 24-November 08
-
- posts: 2,919
- Reputation: 33
SUPPORTER
Posted 21 March 2012 - 08:39 AM
#2
Kuech Da Sneak
As long as we aren't 32.
- Joined: 27-April 11
-
- posts: 888
- Reputation: 90
HUDDLER
Posted 21 March 2012 - 08:55 AM
The normal citizen doesn't realize that it's oil speculators that set the price more so than how much we're drilling.
If they'd direct that anger at people haggling the oil futures, something might happen.
Then again, I doubt it. They're far too rich & powerful to really care.
People running for office use it as a buzzword to try and catch simple-minded people wishing for gas to be lower.
We'd be better off served taking those hundreds of millions and putting them into other sources of energy. Whether that's renewable/coal/nuclear is for people to decide.
If they'd direct that anger at people haggling the oil futures, something might happen.
Then again, I doubt it. They're far too rich & powerful to really care.
People running for office use it as a buzzword to try and catch simple-minded people wishing for gas to be lower.
We'd be better off served taking those hundreds of millions and putting them into other sources of energy. Whether that's renewable/coal/nuclear is for people to decide.
#3
Niner National
Senior Member
- Joined: 24-November 08
-
- posts: 3,580
- Reputation: 492
HUDDLER
Posted 21 March 2012 - 09:06 AM
Living 2 miles from work is great.
#4
tiger7_88
old skool SWAG
- Joined: 12-May 11
-
- posts: 5,743
- Reputation: 2,481
SUPPORTER
Posted 21 March 2012 - 09:48 AM
You do realize that commodities traders and speculators don't "speculate" on the basis of unicorn farts and fairy dust, right?
That they "speculate" on the basis of predictive SUPPLY and demand?
That they "speculate" on the basis of predictive SUPPLY and demand?
#5
Niner National
Senior Member
- Joined: 24-November 08
-
- posts: 3,580
- Reputation: 492
HUDDLER
Posted 21 March 2012 - 09:52 AM
In theory.You do realize that commodities traders and speculators don't "speculate" on the basis of unicorn farts and fairy dust, right?
That they "speculate" on the basis of predictive SUPPLY and demand?
#6
tiger7_88
old skool SWAG
- Joined: 12-May 11
-
- posts: 5,743
- Reputation: 2,481
SUPPORTER
Posted 21 March 2012 - 02:55 PM
In theory.
Well, of course. Their are scores or more of different influences on a particular market. Some are even illegal.
But supply and demand are still the most influential.
#7
stirs
I Reckon So
- Joined: 01-December 08
-
- posts: 12,072
- Reputation: 1,995
HUDDLER
Posted 21 March 2012 - 04:36 PM
croc o bull
so you tell me as soon as the supply is remotely threatened, prices go up, but as soon as supply is going to be increased, it has no effect.
right. typical liberal jibberish
so you tell me as soon as the supply is remotely threatened, prices go up, but as soon as supply is going to be increased, it has no effect.
right. typical liberal jibberish
#8
Disinfranchised
Disinfranchised
- Joined: 12-August 11
-
- posts: 1,718
- Reputation: 35
HUDDLER
Posted 21 March 2012 - 05:49 PM
I talked this over with a man that works on oil rigs in the gulf. His answer "Big oil".
#9
Cat
Terminally bored
- Joined: 20-May 09
-
- posts: 9,051
- Reputation: 1,484
HUDDLER
Posted 21 March 2012 - 06:24 PM
croc o bull
so you tell me as soon as the supply is remotely threatened, prices go up, but as soon as supply is going to be increased, it has no effect.
right. typical liberal jibberish
US drilling goes up and prices don't go down, that is a fact. Facts are pesky things and something you seem to always have a problem with.
#10
stirs
I Reckon So
- Joined: 01-December 08
-
- posts: 12,072
- Reputation: 1,995
HUDDLER
Posted 21 March 2012 - 07:29 PM
US drilling goes up and prices don't go down, that is a fact. Facts are pesky things and something you seem to always have a problem with.
i am right
