dmcowen674
No Lifer
Its not hatefull and its not lying its merely the facts.
Don't get confused facing reality can be hard.
All right here from the Wall street journal
http://online.wsj.com/article/BT-CO-20120105-712141.html
Traders and analysts estimated that oil prices currently include a $5 to $10 premium on uncertainty over the Iran issue. Kyle Cooper, managing partner at IAF Energy Advisors in Houston, said that will continue to underpin U.S. prices near $100, even in the face of "horrific" U.S. demand data.
"The demand picture is dismal" in the U.S., Cooper said. "But from a trading standpoint, it is very difficult to be short," or take a market position that assumes a decline in prices. "
Fact is oil companies don't have much control over world reserves, Most Middle East govt's own the reserves same with Mexico or Venuzuala China and so on
http://en.wikipedia.org/wiki/Nationalization_of_oil_supplies
The nationalisation of oil supplies refers to the process of deprivatization of oil production operations, generally in the purpose of obtaining more revenue from oil for oil producing countries. This process, which should not be confused with restrictions on crude oil exports, represents a significant turning point in the development of oil policy. Nationalization eliminates the concession systemin which private international companies control oil resources within oil-producing countriesand allows oil-producing countries to regain control. Once these countries become the sole owners of their resources, they have to decide how to maximize the net present value of their known stock of oil in the ground
The US only has production of about 1/8 of world production, consumes about 1/4
Do you not see the problem? You Bitch and moan about the prices but there is NOTHING to be done about it short of getting demand down to 10 mbpd because then its not a billion $ draining out of the economy everyday. Problem with that is cheap energy grows the economy and its relationship to GDP is well documented, more oil greater GDP
Why did Nigeria stop the subsidies on their domestic fuel? because its very expensive
http://news.ninemsn.com.au/world/8400183/nigeria-braces-for-fuel-strikes
"Economists say removing fuel subsidies was vital to allow the country to improve its woefully inadequate infrastructure and ease pressure on its foreign reserves"
You go on and on about how the tail wags the dog it isn't that way, you have to pay the market price or have a rich enough economy to subsidize it. DOUBLE bold this maybe it will sink in
Facts are everything you and your buds said for years and the new bullshit you are spouting is just that, bullshit.
For years you spewed there wasn't enough refining capacity because a new plant had not been built since 1979 in the U.S.
You ignored the fact that the existing plants have undergone years of upgrades negating the need for more capacity and also ignoring the fact that Americans have reduced their consumption of gas by no longer driving gas guzzling pick ups and SUV's. Yes there are still some out there but typically driven by the rich that money is no object anyway. The rest of real Americans that are impacted by the high gas prices have done everything they can to switch to more fuel efficient vehicles.
The fact that gasoline is now the number one export for the entire country really shows how full of shit your so called facts are.
Fact is gas is priced higher than it should be only because they can not because they have to.
It's 110% greed and power that Americans are getting to a point of not taking anymore. Your kind will find that out.
