Are oil prices going down because of the upcoming election?

[Genx87]

Originally posted by: Strk

Originally posted by: ProfJohn

Originally posted by: tweaker2
i'll go middle of the road on this one and call it this way:

the seasonal fluctuations are a reality and must be factored into the mix. however, the price of gasoline wouldn't have gotten as low as it has and maybe even lower before the elections in november had it not been a republican/big business/big oil advantage for it to be that way.

Make sure you send straighttalker your address so he can mail you your official tinfoil hat.

How do the US companies manipulate the WORLD oil price?

Oil is freely traded on the world market. In order to manipulate that market you would need to control insane amounts of the world?s production, maybe all the US companies together could do it. But do you not think that if that was the case someone would blow the whistle sooner or later ala Enron?
Oil Execs might be greedy, but I don't think they are willing to go to jail in order to help out Bush.

Interestingly in constant dollars the price of oil is still below the all time high of 1981ish.

When adjusted for inflation, wasn't the peak around $70 or $80?

I believe around 100+, might even been 120.

 

[magomago]

well regardless of prices, fall gas prices will not make me forget the past six years of what has been going on with this administration.
And it shouldn't make a difference to anyone else

 

[catnap1972]

Originally posted by: magomago
well regardless of prices, fall gas prices will not make me forget the past six years of what has been going on with this administration.
And it shouldn't make a difference to anyone else

Sadly there's easily a third of the population (at least) that are just that easily manipulated and will claim "Well golly gee--I guess those Republicans really did help me out so I'd better vote them back in!".

What I really find hilarious are the pundits who are claiming that people are suddenly going to have some huge windfall now that gas prices are down .50 a gallon and are going to spend like there's no tomorrow on crap they don't need. The price on gasoline may have dropped but the price on goods (food, etc.) sure as heck hasn't (and is still going way up, in fact), so any savings are just going to be eaten up elsewhere.

 

[Tom]

Originally posted by: catnap1972

Originally posted by: magomago
well regardless of prices, fall gas prices will not make me forget the past six years of what has been going on with this administration.
And it shouldn't make a difference to anyone else

Sadly there's easily a third of the population (at least) that are just that easily manipulated and will claim "Well golly gee--I guess those Republicans really did help me out so I'd better vote them back in!".

What I really find hilarious are the pundits who are claiming that people are suddenly going to have some huge windfall now that gas prices are down .50 a gallon and are going to spend like there's no tomorrow on crap they don't need. The price on gasoline may have dropped but the price on goods (food, etc.) sure as heck hasn't (and is still going way up, in fact), so any savings are just going to be eaten up elsewhere.

Particularly since even at $2 a gallon, gas is almost double what it cost before Bush.

 

[BoomerD]

Regardless of how the November elections turn out, we consumers will still take it in the shorts...

 

[blackangst1]

Originally posted by: BoomerD
Regardless of how the November elections turn out, we consumers will still take it in the shorts...

Um not really. Obviously you've never traveled out of country....per CNN Money:

Nation City Price in USD Regular/Gallon
Netherlands Amsterdam $6.48
Norway Oslo $6.27
Italy Milan $5.96
Denmark Copenhagen $5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Portugal Lisbon $5.35
Hungary Budapest $4.94
Luxembourg $4.82
Croatia Zagreb $4.81
Ireland Dublin $4.78
Switzerland Geneva $4.74
Spain Madrid $4.55
Japan Tokyo $4.24
Czech Republic Prague $4.19
Romania Bucharest $4.09
Andorra $4.08
Estonia Tallinn $3.62
Bulgaria Sofia $3.52
Brazil Brasilia $3.12
Cuba Havana $3.03
Taiwan Taipei $2.84
Lebanon Beirut $2.63
South Africa Johannesburg $2.62
Nicaragua Managua $2.61
Panama Panama City $2.19
Russia Moscow $2.10
Puerto Rico San Juan $1.74
Saudi Arabia Riyadh $0.91
Kuwait Kuwait City $0.78
Egypt Cairo $0.65
Nigeria Lagos $0.38
Venezuela Caracas $0.12

 

[XZeroII]

Originally posted by: conjur

Originally posted by: XZeroII

Originally posted by: Frackal
Ahh come on, no one here who's followed my posts is going to accuse me of being an anti-Bush partisan, I just found it interesting that Bill Clinton would make that comment. Maybe he was just bullshittin', or maybe he has an understanding that others do not. The other reason I found it relevant was because I watched some pollsters talking about how gasoline prices were a helping factor in Bush's recent bounce in the polls

There's a reason why people called him Slick Willie. And it wasn't because of his willie, if you know what I mean.

And that reason is?


BTW, congrats on Lifer. :beer::beer:

Thanks! It took awhile, but I'm not too big on postcounts.

My grandparents lived in Arkansas while he was governor. They moved there thinking he was a pretty good guy, but everyone there was calling him things like Slick Willie and stuff. My grandparents couldn't understand it. Eventually they learned that he loved talking in front of people and telling people what they wanted to hear, but then not following through. He raised taxes in order to pay for a highway that was in really bad shape, and 8 years later (or somewhere around there), the road was never touched and he went off to the white house. Anyway, when I went to visit, the people around there had some pretty funny names for him. Many of them because of how promiscuous he was (this was when he was governor). I think even in The Simpsons, Marge referred to him as Slick Willie once.

 

[Stunt]

Originally posted by: blackangst1

Originally posted by: BoomerD
Regardless of how the November elections turn out, we consumers will still take it in the shorts...

Um not really. Obviously you've never traveled out of country....per CNN Money:

Nation City Price in USD Regular/Gallon
Netherlands Amsterdam $6.48
Norway Oslo $6.27
Italy Milan $5.96
Denmark Copenhagen $5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Portugal Lisbon $5.35
Hungary Budapest $4.94
Luxembourg $4.82
Croatia Zagreb $4.81
Ireland Dublin $4.78
Switzerland Geneva $4.74
Spain Madrid $4.55
Japan Tokyo $4.24
Czech Republic Prague $4.19
Romania Bucharest $4.09
Andorra $4.08
Estonia Tallinn $3.62
Bulgaria Sofia $3.52
Brazil Brasilia $3.12
Cuba Havana $3.03
Taiwan Taipei $2.84
Lebanon Beirut $2.63
South Africa Johannesburg $2.62
Nicaragua Managua $2.61
Panama Panama City $2.19
Russia Moscow $2.10
Puerto Rico San Juan $1.74
Saudi Arabia Riyadh $0.91
Kuwait Kuwait City $0.78
Egypt Cairo $0.65
Nigeria Lagos $0.38
Venezuela Caracas $0.12

The difference in price all comes down to taxation and/or government subsidies. Due to the increased taxation in Europe their economy is far less dependent on the price of oil; they have implemented energy efficient systems and equipment.

North Americans are too busy complaining about the companies and how they are getting screwed over, they don't encourage innovation to reduce consumption.

 

[blackangst1]

Originally posted by: Stunt

Originally posted by: blackangst1

Originally posted by: BoomerD
Regardless of how the November elections turn out, we consumers will still take it in the shorts...

Um not really. Obviously you've never traveled out of country....per CNN Money:

Nation City Price in USD Regular/Gallon
Netherlands Amsterdam $6.48
Norway Oslo $6.27
Italy Milan $5.96
Denmark Copenhagen $5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Portugal Lisbon $5.35
Hungary Budapest $4.94
Luxembourg $4.82
Croatia Zagreb $4.81
Ireland Dublin $4.78
Switzerland Geneva $4.74
Spain Madrid $4.55
Japan Tokyo $4.24
Czech Republic Prague $4.19
Romania Bucharest $4.09
Andorra $4.08
Estonia Tallinn $3.62
Bulgaria Sofia $3.52
Brazil Brasilia $3.12
Cuba Havana $3.03
Taiwan Taipei $2.84
Lebanon Beirut $2.63
South Africa Johannesburg $2.62
Nicaragua Managua $2.61
Panama Panama City $2.19
Russia Moscow $2.10
Puerto Rico San Juan $1.74
Saudi Arabia Riyadh $0.91
Kuwait Kuwait City $0.78
Egypt Cairo $0.65
Nigeria Lagos $0.38
Venezuela Caracas $0.12

The difference in price all comes down to taxation and/or government subsidies. Due to the increased taxation in Europe their economy is far less dependent on the price of oil; they have implemented energy efficient systems and equipment.

North Americans are too busy complaining about the companies and how they are getting screwed over, they don't encourage innovation to reduce consumption.

I agree its all about taxation, but its irrelevant. The price is what it is, and ours isnt that bad. I, for one, am not complaining about company profits nor the price of gas...I was just rebutting comments that we have it so bad

 

[BoomerD]

Originally posted by: blackangst1

Originally posted by: Stunt

Originally posted by: blackangst1

Originally posted by: BoomerD
Regardless of how the November elections turn out, we consumers will still take it in the shorts...

Um not really. Obviously you've never traveled out of country....per CNN Money:

Nation City Price in USD Regular/Gallon
Netherlands Amsterdam $6.48
Norway Oslo $6.27
Italy Milan $5.96
Denmark Copenhagen $5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Portugal Lisbon $5.35
Hungary Budapest $4.94
Luxembourg $4.82
Croatia Zagreb $4.81
Ireland Dublin $4.78
Switzerland Geneva $4.74
Spain Madrid $4.55
Japan Tokyo $4.24
Czech Republic Prague $4.19
Romania Bucharest $4.09
Andorra $4.08
Estonia Tallinn $3.62
Bulgaria Sofia $3.52
Brazil Brasilia $3.12
Cuba Havana $3.03
Taiwan Taipei $2.84
Lebanon Beirut $2.63
South Africa Johannesburg $2.62
Nicaragua Managua $2.61
Panama Panama City $2.19
Russia Moscow $2.10
Puerto Rico San Juan $1.74
Saudi Arabia Riyadh $0.91
Kuwait Kuwait City $0.78
Egypt Cairo $0.65
Nigeria Lagos $0.38
Venezuela Caracas $0.12

The difference in price all comes down to taxation and/or government subsidies. Due to the increased taxation in Europe their economy is far less dependent on the price of oil; they have implemented energy efficient systems and equipment.

North Americans are too busy complaining about the companies and how they are getting screwed over, they don't encourage innovation to reduce consumption.

I agree its all about taxation, but its irrelevant. The price is what it is, and ours isnt that bad. I, for one, am not complaining about company profits nor the price of gas...I was just rebutting comments that we have it so bad

Ummm, yeah, I've been out of the country, and have seen first hand how much some people pay for gas. As has been pointed out, the majority of the difference is in taxes to pay for various things. What is your point? Personally, I don't care if they tax themselves $100/gallon. That has no bearing on what we pay here, nor should it. Going back in history, the oil & gas industry are (primarily) American inventions, and we Americans have a RIGHT to 30 cent gasoline...
OK, but prices are still WAY higher than they should be, based solely on what it actually costs to provide the product (from locating the raw matierials, transport, refining, and transport again) So much of the high prices are the result of oil traders playing the futures market, and our prices get based on risk, implied or real...Just because there MAY be a strike by Nigerian oil workers, we pay an additional $.60/gallon...just because there MIGHT be a hurricaine in the Caribbean that MAY damage oil rigs, the price jumps another $5/ barrel...

 

[dmcowen674]

Originally posted by: magomago
well regardless of prices, fall gas prices will not make me forget the past six years of what has been going on with this administration.
And it shouldn't make a difference to anyone else

No, they love the Administration now. Look at the rise in his approval ratings.

 

[Genx87]

Originally posted by: Stunt

Originally posted by: blackangst1

Originally posted by: BoomerD
Regardless of how the November elections turn out, we consumers will still take it in the shorts...

Um not really. Obviously you've never traveled out of country....per CNN Money:

Nation City Price in USD Regular/Gallon
Netherlands Amsterdam $6.48
Norway Oslo $6.27
Italy Milan $5.96
Denmark Copenhagen $5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Portugal Lisbon $5.35
Hungary Budapest $4.94
Luxembourg $4.82
Croatia Zagreb $4.81
Ireland Dublin $4.78
Switzerland Geneva $4.74
Spain Madrid $4.55
Japan Tokyo $4.24
Czech Republic Prague $4.19
Romania Bucharest $4.09
Andorra $4.08
Estonia Tallinn $3.62
Bulgaria Sofia $3.52
Brazil Brasilia $3.12
Cuba Havana $3.03
Taiwan Taipei $2.84
Lebanon Beirut $2.63
South Africa Johannesburg $2.62
Nicaragua Managua $2.61
Panama Panama City $2.19
Russia Moscow $2.10
Puerto Rico San Juan $1.74
Saudi Arabia Riyadh $0.91
Kuwait Kuwait City $0.78
Egypt Cairo $0.65
Nigeria Lagos $0.38
Venezuela Caracas $0.12

The difference in price all comes down to taxation and/or government subsidies. Due to the increased taxation in Europe their economy is far less dependent on the price of oil; they have implemented energy efficient systems and equipment.

North Americans are too busy complaining about the companies and how they are getting screwed over, they don't encourage innovation to reduce consumption.

You are right, the EU has managed to slap so much taxes on their oil imports and gas consumption that a rise in 50 cents at the pump isnt as noticeable as it is in the United States.

 

[Pabster]

Originally posted by: dmcowen674
No, they love the Administration now. Look at the rise in his approval ratings.

Sure does gnaw at you doesn't it Dave? :laugh:

 

[Vic]

Oil prices are falling because the speculative bubble in the commodities markets is popping. The Bush admin isn't doing this on purpose, you conspiracy whackos. For one, Bush is pretty much despised by the GOP mainstream right now, and they (not Bush) are the ones up for election this year. Second, the resultant recession caused by falling asset values will end up being the final lasting legacy of President Bush -- good riddance IMO but be damned sure he ain't doing it on purpose.

I swear, you idiotic conspiracy loons do more to help Bush than anything. The puppet isn't God.

 

[fitzov]

Oil prices are falling because the speculative bubble in the commodities markets is popping.

Lol, that's a good one. I like how you whakos always ignore the human factor in price controls, as if the economy ran itself like some crazy monster.

 

[blackangst1]

Originally posted by: fitzov

Oil prices are falling because the speculative bubble in the commodities markets is popping.

Lol, that's a good one. I like how you whakos always ignore the human factor in price controls, as if the economy ran itself like some crazy monster.

Wow Fitzov you really have no idea how oil is priced or sold do you....I may have gone from thinking youre a complete buffoon to feeling sorry for your own naiveity...

 

[fitzov]

Originally posted by: blackangst1

Originally posted by: fitzov

Oil prices are falling because the speculative bubble in the commodities markets is popping.

Lol, that's a good one. I like how you whakos always ignore the human factor in price controls, as if the economy ran itself like some crazy monster.

Wow Fitzov you really have no idea how oil is priced or sold do you....I may have gone from thinking youre a complete buffoon to feeling sorry for your own naiveity...

Go back to your Randian discussion group.

 

[blackangst1]

Originally posted by: fitzov

Originally posted by: blackangst1

Originally posted by: fitzov

Oil prices are falling because the speculative bubble in the commodities markets is popping.

Lol, that's a good one. I like how you whakos always ignore the human factor in price controls, as if the economy ran itself like some crazy monster.

Wow Fitzov you really have no idea how oil is priced or sold do you....I may have gone from thinking youre a complete buffoon to feeling sorry for your own naiveity...

Go back to your Randian discussion group.

Thats all you can say? Play ostrich much?

---------------------------------
Back off - both of you

Anandtech Moderator

 

[Vic]

Originally posted by: fitzov

Oil prices are falling because the speculative bubble in the commodities markets is popping.

Lol, that's a good one. I like how you whakos always ignore the human factor in price controls, as if the economy ran itself like some crazy monster.

The irrational exhuberence that creates a speculative bubble is without question the human factor.

 

[dmcowen674]

Originally posted by: Pabster

Originally posted by: dmcowen674
No, they love the Administration now. Look at the rise in his approval ratings.

Sure does gnaw at you doesn't it Dave? :laugh:

Yes, I am always saddened to see Americans so easily brainwashed.

Doesn't do a Country very good unless you like 1930's Germany, old Russia, North Korea etc.

 

[Genx87]

Originally posted by: dmcowen674

Originally posted by: Pabster

Originally posted by: dmcowen674
No, they love the Administration now. Look at the rise in his approval ratings.

Sure does gnaw at you doesn't it Dave? :laugh:

Yes, I am always saddened to see Americans so easily brainwashed.

Doesn't do a Country very good unless you like 1930's Germany, old Russia, North Korea etc.

Anybody else see the irony in this post?

 

[fitzov]

Originally posted by: blackangst1

Originally posted by: fitzov

Originally posted by: blackangst1

Originally posted by: fitzov

Oil prices are falling because the speculative bubble in the commodities markets is popping.

Lol, that's a good one. I like how you whakos always ignore the human factor in price controls, as if the economy ran itself like some crazy monster.

Wow Fitzov you really have no idea how oil is priced or sold do you....I may have gone from thinking youre a complete buffoon to feeling sorry for your own naiveity...

Go back to your Randian discussion group.

Thats all you can say? Play ostrich much?

Is that all you can say? Trollmaster.

---------------------------------
Back off - both of you

Anandtech Moderator

 

[blackangst1]

quote:

--------------------------------------------------------------------------------
Oil prices are falling because the speculative bubble in the commodities markets is popping.
--------------------------------------------------------------------------------



Lol, that's a good one. I like how you whakos always ignore the human factor in price controls, as if the economy ran itself like some crazy monster.

--------------------------------------------------------------------------------

And you call me a troll? All the while ignoring the fact that you have no idea how oil is bought and sold? :roll:

 

[KlokWyze]

saying oil companies can collude together to guide the overall GASOLINE price in America up or down depending on the situation IS NOT the same as saying "Bush controls the world oil industry".

If any of you think current US foreign policy has nothing to do with oil(consumer gaoline + byproducts) or elections you are simply fools. This is elementary ******.

I don't know how the oil industry works and I really don't need to, to understand the ECONOMY is just another tool the government uses to control the population. In case you haven't noticed, doesn't the FED... this is ONE PERSON..... control short-term interest rates AND money supply.

Yet it is so 'crazy' for people to think that political parties and corporatation can control/guide/effect gasoline prices in the USA?

I think the ones using the 'tin-foil' hateful insult need to take off the blinders or share some of the taxpayer's money(your paycheck) with those that have earned it.

:thumbsup:

 

[ProfJohn]

Originally posted by: KlokWyze
saying oil companies can collude together to guide the overall GASOLINE price in America up or down depending on the situation IS NOT the same as saying "Bush controls the world oil industry".

If any of you think current US foreign policy has nothing to do with oil(consumer gaoline + byproducts) or elections you are simply fools. This is elementary ******.

I don't know how the oil industry works and I really don't need to, to understand the ECONOMY is just another tool the government uses to control the population. In case you haven't noticed, doesn't the FED... this is ONE PERSON..... control short-term interest rates AND money supply.

Yet it is so 'crazy' for people to think that political parties and corporatation can control/guide/effect gasoline prices in the USA?

I think the ones using the 'tin-foil' hateful insult need to take off the blinders or share some of the taxpayer's money(your paycheck) with those that have earned it.

:thumbsup:

HAHAHAHAHAHAH oh yea... we are being controlled via the economy now... nice :laugh: