OFFLINE

Guess he's accomplished something at least....

OFFLINE

saw this yesterday....

http://www.disinfo.com/2011/04/is-there-a-scam-behnd-the-rise-in-oil-and-food-prices/

OFFLINE

Yeah, thats a pretty good article.  Speculation has been blamed for the price at the pump and I would guess its partially at fault.  I'm not convinced the middle east crisis is responsible since gas prices were high before the outbreak of the riots.  But the riots probably dont help any.

But, despite what he said,  Mr Obama COULD do something to help with the gas prices.  Remember that he closed off our offshore oil drilling (while encouraging Brazil to step up their drilling and promising to buy oil from them).  He could also sign an presidential order requiring oil speculators to put up 50% of the money up front.  Faced with the possible loss of so much money, that may help tamp down some of the speculation.

Supply isnt the problem (as that article clearly shows).  

OFFLINE

Originally Posted by Dennis Young:

But, despite what he said,  Mr Obama COULD do something to help with the gas prices.  Remember that he closed off our offshore oil drilling (while encouraging Brazil to step up their drilling
.....
Supply isnt the problem (as that article clearly shows).  

So if supply isn't the problem, then how would re-opening the offshore drilling help prices, except as a "psychological boost" in the marketplace?

OFFLINE

bottom line, there is no energy policy of the united states. miles, the psychological effect WILL help with prices at the pump short term. if we sent the message that we were serious about pursuing our own energy resources, it would help. but instead we're busy subsidizing brazil's energy production. and the left here in america has continued to use the same old argument about how it'll take 10 years before we see any benefit from increased domestic production. needless to say, they've been making that argument for well over 10 years now. virtually everyone in the world has been going after their own energy resources, except us. nuclear power is out, coal fired power plants are out, oil and natural gas are out, so what exactly does the left think we're going to get our energy from? solar panels, and pixie dust?

OFFLINE

Originally Posted by Dødherre Mørktre:
so what exactly does the left think we're going to get our energy from? solar panels, and pixie dust?

Set up wind turbines in congress? :-P

Welcome back BTW........

OFFLINE

Originally Posted by Kieran Colfer:

Originally Posted by Dødherre Mørktre:
so what exactly does the left think we're going to get our energy from? solar panels, and pixie dust?

Set up wind turbines in congress? :-P

Welcome back BTW........

If you are ever in west Texas on the I-10 corridor you will see our new wind farms. Brand new, shiny windmills for miles......and only a dozen or so turning. I always wonder why they keep the brakes on 99% of them.

OFFLINE

I think it has to do with speculators (which do affect prices at the pump).  Right now Obama has stopped almost all drilling offshore and they cant drill in ANWAR or most anywhere else.  Speculators are betting that this will cause a shortage.  this drives prices up at the pump.  (that along with other things like devaluing the US dollar).  To buy from OPEC, you cannot use Euros.  You cannot use any other currency other than the US dollar.  (I dunno why).  Anyway, when Ben Bernanke (of the FED) floods the economy with US dollars, they become worth less and less.  Which means it takes more and more to buy a barrel of oil.  Thus, prices rise.

Obama couldmerely say we're gonna allow more drilling and speculators would back off some.  Prices would have to fall.  If someone would fire Bernanke for incompetence, prices would probably fall more.  ol!

OFFLINE

i like the idea about telling the epa to drop all of the different regional fuel blends we have here in america, and picking just one blend. then refineries could devote max production to just that one blend, and lower the cost of gas overnight.