Gas prices are set by Supply and Demand. Even speculators are speculating on FUTURE levels of supply and demand based on today's data. A speculator would be correct to assume that tax-increases (even though its a halt of subsidies, it is viewed on the books as a tax increase) on oil companies will pass to the consumer, therefore increasing the price at the pump. Thank you Obama.

 

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Okay it's all Obama's fault, even the speculation. Supply/Demand/Obama are the driving forces in the market - whatever.

Ultimately people are just finding a reason to support oil subsidies.

 

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I personally dont care about oil companies paying more taxes. Im ok with that. But its bad timing, and its a bad move. He's just to dumb to realize it. He thinks pushing for alternative energy is the only, end-all-be-all solve to the problem. It just isnt.

 

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SAN FRANCISCO (KGO) -- Speaker of the House Nancy Pelosi wrapped up her San Francisco holiday weekend Monday with a blast at President Bush. The topic -- the price of oil. Gasoline has more than doubled since the Bush administration took office she says.
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McCumber joined Speaker Pelosi Monday to dramatize the tough times businesses are having because of fuel costs. The speaker blames what she labels the Bush-Cheney big oil agenda, using graphics to point out gasoline prices have more than doubled in the Bush administration.

"This is a scam of the greatest magnitude," says Speaker Pelosi.

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Prices at the pump are a pain for all of us, but Speaker Pelosi is accusing President Bush of policies that have driven up the prices, and says she has a solution to bring prices down immediately,
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Subsidies destroy the free-markets... yes we are lowering the price of gas. But why?

-Makes other forms of energy less competitive
-Increase our reliance on nut jobs in the Middle East
-Makes us use more... increasing threats from climate change
-Gives the most profitable corporations in the history of the world even more money

I say let people pay the "true" price for gas... it will only give a giant push for competing technologies... no longer forcing us to stay on gas.

 

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Why does it have to be either or?

I say lets do both. Increase supply by drilling here, thus reducing our reliance on foreign imported oil. Drop the price of gas dramatically. At the same time, heavily incentive the alternative energy sector.

It doesnt have to be either-or. And letting people pay the true price of gas is disastrous in the short term. Jobs, related markets, even lives would be lost. Dangerous line of thought.

 

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Just what technology are we talking about for powering our vehicles? Wind powered cars? Every alternative energy source for vehicles has failed. Why? It takes more energy to convert to the alternate energy.

I am all for cold fusion. Then we can all have free energy forever So yes Obama please push for cold-fushion. We know that tech has been suppressed. If everyone could have free energy you know TPTB would NOT allow it.

Why do we need to increase our supply here? Gas consumption is currently at a 15 year low... it is so low they are shutting down refineries... so we can sell to emerging markets?

Honestly, the only reason gas price is so high is because it is a monopoly and they can charge whatever they want because we have no other option and have to take it... they can speculate/drive up fear over a highly improbable cut in our supply... they can increase prices based on nothing.

We need things that compete with oil... that is the only thing that will drive its price down over time.

 

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Um.....we use about 150 Billion gallons of gas in the US each year.

The subsidy is about 4 billion.

That equals less than 3/10ths of one penny per gallon in increased cost... if the increased cost from removing that subsidy was passed on 100% to the consumer.

I'm pretty sure no one would fecking notice.

Oh, and we are already producing more oil domestically than ever before and we are EXPORTING gas. I can't believe how often this is pointed out and no one ever pays any attention, so let me try one more god damn time.


We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.
We Are Exporting Gasoline. We Produce More Than We Can Use Now. There Is No Shortage Of Gasoline In The USA. Price Is Not Increasing Due to Demand. Demand Is Dropping.

Any evidence at all to support this?

OPEC acting as a monopoly, I can believe, but not the entire oil industry. Any time they can get more bidness, they will.

Rho

 

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