So, let's recap. If the price of oil has not gone up because of taxes on oil companies, and if there aren't any problems with supply, and if inventories are high, and demand is low...and if U.S. production has increased substantially during the Obama presidency...where does that leave us? What is responsible for the current increase.

Answer: speculation. But Ace doesn't want to deal with that one.

 

Lets put 1 and 1 together here,,speculators speculate the future cost of a commodity, the 'proposed' new taxes on oil is factored in the speculated cost of the commodity, along with the weak ass stance that Obama has with Iran and their (I am a big boy, hear my roar) tyrant Ahmadinejad.

 

Ace here is a chart for one year oil prices...

notice the bottom of the chart...

Green line is the oil companies and when the price goes up they are not buying...

red line is the speculators which are now large banks and investment banks..notice the more they trade the higher the price

Blue lines are guys like me that follow the whales but have no effect on the market we just scrape small profits if we guess the whales right.

 

Way to go Kimiko.

And look troops we just saw this. OK. Anyone older than 16 has already seen this. We had the Oilfield Chairman of the Board and the Oilfield CEO in the White House in Cheney/Bush. Hell we invaded Iraq to balance the books at Halliburton. And the Boom was on.

We had a record number of rigs (I think it was about 4,000) running, we had oilfields (keep that important distinction: oil) opening up in Louisiana, North Dakota, and older fields going into enhanced production, and we were fracking the fucking shit out of anything that might contain natural gas. And what was the price of oil? A record $140 per barrel and a new record of gasoline prices of more than $4.00 per gallon.

And then all of a sudden all that crashed. Big surprise? Nope, typical oilfield where you boom and gouge when the Republicans are in and shut 'er down when the public gets tried of being ripped off and the Democrats get elected.

But those pesky speculators kind of changed that. They are the first force to come along more powerful than the World Oil Monopoly and the WOM had it absolutely nailed up till that. But when when they were not only setting new records for prices, when they refused to respond to the geo political and market indicators, when they refused to do the politically correct thing then it had to be proven to them (the speculators) that's its not a monopoly for nothing and all those get rich quickers who bet on oil being worth more than $140 per barrel ended up looking at $40 per barrel.

That is the only reason that the price of Oil is not more than $150 per barrel right now with gasoline being closer to $6.00.

Ace I just said this above. But if we look back to when oil was at a record $140 per barrel and look at the phony excuses for all of those record increases it would be pretty obvious that with real threats to the world oil supply (Iran has already cut off shipments and could close the Persian Gulf) the price of oil would be $200 per barrel if Cheney/Bush were still in there.

 

You leftists can spin this as much as you want,, the high prices is the direct result of the Obama administration. The green energy agenda, beating up the oil companies due to their profits, Obama wanting to implement more taxes on them,,how does more taxes, lower the price at the pump......

There is a new poll out that suggests Bush was to blame for the high costs of OIL,,whereas today Obama is not to blame for the high costs,,how can that be,,because the leftists/drone media is in the tank for Obama.

NOW,,lets look at reality, the high costs of oil is the direct result of the falling value of the ''DOLLAR'',, WHERE Obama is totally to blame,,by printing more money, along with higher taxes.

http://www.forbes.com/sites/louiswo...rices-are-not-rising-the-dollar-is-falling/2/


This discussion is over, you leftists lose.

 

fuck that, I say tax the shit out of them-have you looked at all the quarterly profits of these companies? THANKS ALOT WALL STREET!

I am pretty sure Nuclula Bush contributed more to the cost of oil than Obama, Obama had this shitshow on his plate when he got sworn in. I mean give the guy a break, the economy was on a downward spiral when Bush was leaving office (I think he was on a permanent vacation the last year in office anyway) and as we all know a recession is cyclical. Just sayin, Im not exteme left or right, I go with what makes sense! And at this point Im thinking we need to clean out all the blue hairs and "old time thinkers" out of Washington, rewrite tax laws completely, and possibly revamp our Constitution for this century!

 

AND the U.S. has been "printing" money to the governments benefit for alot longer than Obama's term

 

On no it ain't Ace. Hell I can trade bloggers with you all day long.

Gas Prices To $5 Gallon 'Not Going To Happen,' Says Oil Analyst

http://www.huffingtonpost.com/2012/03/01/gas-prices-five-dollars-panic_n_1313774.html

 

Ive stillllll got the shits that im paying more!!!!

 

Ace I Really Believe President Obama and The Democrats .....

...... are going to win this argument.

Gas Prices Inspire War Of Words: Obama, Dems Take On GOP

http://www.huffingtonpost.com/2012/03/01/gas-prices-oil-drilling-president-obama_n_1314896.html

 

The biggest problem with high gas prices is the other costs associated with them... High Milk prices, High bread prices, and worst of all Higher Prices at Taco Bell!

 

All the more reason to continue with alternative fuels and renewable green energy.

And one of those alternative fuels is natural gas for long and short haul trucks which transport 60% of our goods and materials and currently run on diesel fuel. Just converting them to natural gas would save 3 million barrels a day in imported oil according to T Boone Pickins.

We are also seeing fleets of electric trucks I think for companies like Fed Ex if I'm not mistaken.

So these conversions are already taking place and could happen a lot faster if we concentrated our energy policy on it instead of drilling for more oil and gas which in turn then becomes our largest exports while we pay close to $4 a gallon.

 

Ok I'm tired of all these bullshit retard answers


http://www.youtube.com/watch?v=S8WReKlUFP4&feature=share


you are welcome

 

TY for that CFH. . .well done!!

 

You are a first class idiot....than you very much for your well thought out approach from the leftists talking points.

 

I was going to ask you this Ace. I'm paying $3.10 per gallon for unleaded regular gas. What are you paying?

 

If you had quoted somebody from say,,,WTI , you could have half of a leg to strand on,but you didn't, I'll stick with the information that WTI has to offer us.

 

$3.79

 

<LI class=post>

• Obama's 2% Lie

• 
  
  
  Posted by Gerri Willis | February 27, 2012
  
  Gas prices shot up 18 cents on average nationwide over the past two weeks, according to the latest Lundberg survey.
  That puts the average cost of regular gas at $3.69 a gallon. Of course, many of you around the country are already paying over $4.
  President Obama, members of his administration, Democrats in Congress, and his allies on the left all make the same case: we can't "drill our way" out of this problem.
  They say we use a quarter of the world's oil, but only have 2% of the world's oil reserves. So, do the math. They say it's impossible, but here's how he gets to that mythical 2%.
  For simplicity, we'll call it Obama's big oil lie because that's what it is.
  They're only counting proven oil reserves.
  The truth is that 2% oil reserves figure is whatever the government says it is.
  Here’s the official definition from the non-partisan Congressional Research service.
  Proven reserves are: "certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions."
  The key word there is "existing" conditions.
  The U.S. has around 20 billion barrels in proven reserves, but the amount of undiscovered so called "technically recoverable" oil is over seven times that.
  Those are the government's own figures!
  And we can get that oil using today's technology. In fact, the U.S. has nearly 1.5 trillion barrels of oil.
  That's enough to fuel the present needs in the U.S. for around 250 years, according to the Institute for Energy Research.
  Former President of Shell Oil on FBN earlier today on how we could easily get back to producing 10 million barrels a day:
  "The best source for new oil is the world's largest consumer economy: this country. We could go back to 10 million barrels if we had the permitting that would enable it to happen. We have the oil. There is more oil in this country that we're not allowed to get at than oil we're allowed to get at.”
  But much of the oil is off limits thanks to the policies of this President:
  -The outer Continental shelf.
  -The Arctic National Wildlife Reserve in Anwar.
  -And Shale Oil where the United States has the largest deposits in the world estimated by the government to be over 2 trillion barrels.
  Even when the production is not in this country, the President will do anything he can to stop it, like blocking the Keystone pipeline.
  Also, what the President is refusing to acknowledge is the United States is in the middle of an oil boom thanks to new technology like deep-water drilling in the Gulf of Mexico.
  So the President needs to stop with the 2% lie.
  The solutions are right in front of us, but this administration flatly refuses to explore them.​
  
  

Read more: http://www.foxbusiness.com/on-air/willis-report/blog/2012/02/27/obamas-2-lie#ixzz1o9I6HRKX​

​

 

You are right it is a lie,,Steven Chu is on the record stating that we need to find a method that substantially raises the gas prices to European levels,,,well,,they found it.