how are we controlling gas prices when we get out of this recession?

[Vic]

Originally posted by: charrison

Originally posted by: Vic

Originally posted by: charrison
I really have no idea what you are talking about there.

I'm sure of that.

Well those assets on paper and I assume you mean last summer oil bubble, was only fueled by the goverment keeping that supply artificially in the ground. It has long term limited our ability to produce oil, which drove prices higher. Is OCS and anwr drilling the magic bullet to our energy problems? No, but keeping these resources out of play is not doing ourselves any favors either.

So how is then that the oil bubble popped with no substantial increase in supply?

 

[jjzelinski]

Originally posted by: charrison

Originally posted by: Vic

Originally posted by: charrison
I really have no idea what you are talking about there.

I'm sure of that.

Well those assets on paper and I assume you mean last summer oil bubble, was only fueled by the goverment keeping that supply artificially in the ground. It has long term limited our ability to produce oil, which drove prices higher. Is OCS and anwr drilling the magic bullet to our energy problems? No, but keeping these resources out of play is not doing ourselves any favors either.

So you're suggesting that the oil bubble was due to preventing OCS and ANWR from being tapped? Please tell me you're joking....

You must be one of those "drill baby drill" pavlavian retards that Believes Rush and Huckabee are two of the greatest minds of our era.

 

[JohnOfSheffield]

Originally posted by: masteryoda34

Originally posted by: JohnOfSheffield
Right now Hydrogen seems the way to go

Where do you suppose we get this Hydrogen? You do know that there are NO natural reserves of usable Hydrogen (H_2) on Earth, right?

I assume you're being sarcastic?

The most abundant gas on earth next to oxygen is hydrogen (and it's H, not H_2 which i don't know WHAT means but i assume you meant to say dihydrogen?)

 

[frostedflakes]

Originally posted by: JohnOfSheffield

Originally posted by: masteryoda34

Originally posted by: JohnOfSheffield
Right now Hydrogen seems the way to go

Where do you suppose we get this Hydrogen? You do know that there are NO natural reserves of usable Hydrogen (H_2) on Earth, right?

I assume you're being sarcastic?

The most abundant gas on earth next to oxygen is hydrogen (and it's H, not H_2 which i don't know WHAT means but i assume you meant to say dihydrogen?)

It's just too bad most of it is in water.

 

[sciwizam]

Originally posted by: JohnOfSheffield

Originally posted by: masteryoda34

Originally posted by: JohnOfSheffield
Right now Hydrogen seems the way to go

Where do you suppose we get this Hydrogen? You do know that there are NO natural reserves of usable Hydrogen (H_2) on Earth, right?

I assume you're being sarcastic?

The most abundant gas on earth next to oxygen is hydrogen (and it's H, not H_2 which i don't know WHAT means but i assume you meant to say dihydrogen?)

On Earth, Hydrogen is a diatomic gas, therefore H2.

 

[AndroidVageta]

In my opinion gas prices and the people that produce gas is all a big laugh. Exxon Mobile jacked up prices last year because they said that they weren't doing well in the market...even though they grossed more money than any other American corporation in the history of this country. They beat the highest grossing companies record of 2006...which was held by...can you guess...come on guess who they beat...Exxon Mobile.

This is why I don't talk politics...cause thats all it is...horseshit and who has more money...I need to stay out of this forum...

 

[charrison]

Originally posted by: Vic

Originally posted by: charrison

Originally posted by: Vic

Originally posted by: charrison
I really have no idea what you are talking about there.

I'm sure of that.

Well those assets on paper and I assume you mean last summer oil bubble, was only fueled by the goverment keeping that supply artificially in the ground. It has long term limited our ability to produce oil, which drove prices higher. Is OCS and anwr drilling the magic bullet to our energy problems? No, but keeping these resources out of play is not doing ourselves any favors either.

So how is then that the oil bubble popped with no substantial increase in supply?

FIrst is does not require a substantial increase in supply, it only requires enough to satisfy the market. US domestic supply increased for the first time a long time, Brazil brought significant new resources online(new large offshore wells), saudi brought a new 1M BBL resource online as well. And with decreased usage from higher prices there was a substantial increase in supply.

But the result is still the government is artificially restricting supply by not allowing these resources to be developed.

 

[StageLeft]

The bubble popped not because of government action but because speculators got their shirts handed to them. It was a classic fundamentally-unsound speculative bubble.