But you never post what Energy Company you are posting on behalf of so what's the point?
You don't call yourself out.
You don't have any American interest anyway so really confused why you post so much in a gas thread.
But you never post what Energy Company you are posting on behalf of so what's the point?
You don't call yourself out.
You don't have any American interest anyway so really confused why you post so much in a gas thread.
Londo_Jowo
Lifer
That has proven to be wrong and soon to be addressed by the admins of this site which will cleanse the site from people that post personal attacks and false posts like you.
It will be nice.
Londo_Jowo
Lifer
Yes, it will be nice. However they will need a big eraser to remove all the false posts you've made.
monovillage
Diamond Member
- Jul 3, 2008
- 8,444
- 1
- 0
Because of the related political subjects that impact on gas prices, foreign policy and Obama fuck ups.
SparkyJJO
Lifer
- May 16, 2002
- 13,357
- 7
- 81
Trying to kill the pipeline. Duh.
That said, the speculators need locked back out of the commodities markets - or at least forced to take receipt of the crude that they bid on (they'll knock it off real quick if they had to actually purchase the oil). Thanks go to Clinton for screwing us over in this regard.
Arkaign
Lifer
- Oct 27, 2006
- 20,736
- 1,379
- 126
I agree with this 1000%. There was a reason for futures trading to begin with, but it's so twisted and predatory/dangerous now that I think it's counterproductive to the economy at large. It serves no purpose other than to create bubbles and inflated costs, for the profits of a few at the expense of the many.
It reminds me of watching Enron : The Smartest Guys in the Room, and how they hatched the idea of selling energy futures, which is kind of ridiculous.
Enron hid money from hedged swaps to form long-term borrowing using various counterparties and the differences in how the counterparties made them post collateral.
I am not sure Enron should ever be a good example for anything sans poor risk management and company executives that steal from shareholders.
Exchanges and regulators continue to focus on this idea of liquidity and a good market is as liquid as possible. That is why they continue to allow both HFT's and speculation in the commodities market. Until one can make the argument that speculation causes more harm than the liquidity it provides, regulators will continue to allow huge amounts of speculation.
CZroe
Lifer
- Jun 24, 2001
- 24,195
- 857
- 126
The things he and you blame on Bush are the result of your heroes from the same time period: the Democrat-controlled Congress, House of Representatives, and, more specifically, Barney Frank with the United States House Committee on Financial Services. Despite REPEATED warnings, they are directly responsible for the housing and financial industry collapses that indirectly caused the auto industry disaster. Seriously. You can find 2006 video of John McCain warning that it would happen in and being contradicted by Barney Frank and other Democrats.
Here's where you can blame so-called "Conservatives:" No Republican wanted to be the one to deny that single jobless mother her house loan (No Income, No Jobs, No Assets: NINJA) and be an unpopular 1-termer, so they only warned and didn't fight as hard as they should have.
monovillage
Diamond Member
- Jul 3, 2008
- 8,444
- 1
- 0
http://www.reuters.com/article/2012/02/14/transcanada-idUSL2E8DEHN720120214
How many do you want? Never mind i'll only link an Obama fuck up when it's needed for a post.
Without new refining capability, The U.S. will never surpass China's need for oil. All that XL pipeline oil is slated for China and not the U.S.
Gas is @ $4.01 at The Chevron around the corner from me.
Gas is @ $4.01 at The Chevron around the corner from me.
Hang on.
Did you know there is so much excess refining capability in the U.S. now that the number one export for the country as a whole last year was shipping out gasoline?
There is so much excess capability that they are closing down existing refineries permanently.
Where have you've been?
Doppel
Lifer
- Feb 5, 2011
- 13,306
- 3
- 0
Gas likely hit over $4 national average this year, won't hit $5--not this year; economy will start to contract before that happens and people's gas use will plummet, as it has in the past when spikes occur.
The good news for those willing to set aside their pride for a commuter car is that there are many options now for cars that easily average into the 30's for MPG, and starting next month the cheapest Prius costs under $20k, delivering 53 mpg city on 87 grade.
The good news for those willing to set aside their pride for a commuter car is that there are many options now for cars that easily average into the 30's for MPG, and starting next month the cheapest Prius costs under $20k, delivering 53 mpg city on 87 grade.
Who is lying Gibbs or Shell?
2-21-2012
http://www.foxnews.com/politics/201...as-prices-head-toward-record-breaking-height/
Domestic production eyed as gas prices head toward record-breaking height
President Obama's re-elect team defended White House energy policy on Sunday as gas prices shoot toward the $4 mark and beyond, a level that could devastate voters' pocketbooks as well as Obama's chances for a second term.
Robert Gibbs, said the president is looking to increase domestic energy production.
"Just on Friday, the Department of Interior issued permits that will expand our exploration in the Arctic. The president has increased our fuel efficiency and energy efficiency standards so we do use less energy, which will help drive down the price," Gibbs said. "Our domestic oil production is at an eight-year high, and our use of foreign oil is at a 16-year low. So we're making progress."
But John Hofmeister, former CEO of Shell Oil and founder of Citizens for Affordable Energy, told Fox News that oil production today is only 7 million barrels per day when it used to be 10 million per day.
"One out of every six Americans is unemployed, working part-time, looking for full-time work or so discouraged they're -- they've dropped out of the workforce altogether, and gas is now $3.53 a gallon, going to $4," said former George W. Bush senior adviser Karl Rove, a Fox News contributor.
"If I were in the White House, I wouldn't be picking out my second term office just yet," Rove said.
"You can't guarantee anything. But you guarantee under the Obama plan, there's going to be less American production, higher prices. We already have highest price on average in history," said Republican presidential candidate Newt Gingrich
Gibbs, who appeared on ABC's "This Week," acknowledged that "there are no magic bullets," he said the president is focused on an "all-of-the-above energy policy."
We're going to have to conserve energy.
We're going to have to make the energy we use more efficient.
All of those things will help us get ahead of this problem," he said.
2-21-2012
http://www.foxnews.com/politics/201...as-prices-head-toward-record-breaking-height/
Domestic production eyed as gas prices head toward record-breaking height
President Obama's re-elect team defended White House energy policy on Sunday as gas prices shoot toward the $4 mark and beyond, a level that could devastate voters' pocketbooks as well as Obama's chances for a second term.
Robert Gibbs, said the president is looking to increase domestic energy production.
"Just on Friday, the Department of Interior issued permits that will expand our exploration in the Arctic. The president has increased our fuel efficiency and energy efficiency standards so we do use less energy, which will help drive down the price," Gibbs said. "Our domestic oil production is at an eight-year high, and our use of foreign oil is at a 16-year low. So we're making progress."
But John Hofmeister, former CEO of Shell Oil and founder of Citizens for Affordable Energy, told Fox News that oil production today is only 7 million barrels per day when it used to be 10 million per day.
"One out of every six Americans is unemployed, working part-time, looking for full-time work or so discouraged they're -- they've dropped out of the workforce altogether, and gas is now $3.53 a gallon, going to $4," said former George W. Bush senior adviser Karl Rove, a Fox News contributor.
"If I were in the White House, I wouldn't be picking out my second term office just yet," Rove said.
"You can't guarantee anything. But you guarantee under the Obama plan, there's going to be less American production, higher prices. We already have highest price on average in history," said Republican presidential candidate Newt Gingrich
Gibbs, who appeared on ABC's "This Week," acknowledged that "there are no magic bullets," he said the president is focused on an "all-of-the-above energy policy."
We're going to have to conserve energy.
We're going to have to make the energy we use more efficient.
All of those things will help us get ahead of this problem," he said.
Londo_Jowo
Lifer
Funny thing is that those who cheer the higher gas prices also support Obama. If gas gets too high this summer and fall it may very well kill Obama's chances of being re-elected.
and you are in Texas?
I don't believe it.
You guys always have gas like half the price of the rest of the country.
What happened?
Londo_Jowo
Lifer
There are refineries in the Houston area that are shut down for maintenance and switching the process over to summer blend fuels.
blackangst1
Lifer
- Feb 23, 2005
- 22,902
- 2,359
- 126
Uh, theyre both saying the same thing. Consumption is down.
Do you read the articles you post? Or is it a comprehension issue?
You are the one with a reading problem as pointed out and proven over and over again.
I will spell it out slowly to see if you can comprehend.
Gibbs says domestic oil production up
Shell says domestic oil production down
Shell said U.S. production was 10 million barrels a day and now is 7 million barrels a day.
Again, which one is lying?
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