Hows that $4 a gallon feel

stumbler · Mar 12, 2012

Kimiko said: ↑

I'm not sure he even gets that far.
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He sure hasn't shown much has he.:excited:

Kimiko said: ↑

stumbler said: ↑

Murdoch’s Wall Street Journal and Koch-Fueled Cato Agree: “It’s Not Obama’s Fault That Crude Oil Prices Have Increased”

The irony is that if Gingrich got his way, demand for gasoline would go up, and so would U.S. importation of crude oil.

Gingrich knows perfectly well that he's selling snake-oil. There isn't an economist on Earth that doesn't know he's full of it. But he doesn't care.
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Gingrich is pitching to the brainwashed parrot block that will believe anything as long as its against President Obama no matter how outrageous and stupid it is.

But you are absolutely right almost every economist I've seen says there's very little President Obama can do to effect world oil prices.

I do have to admit though the Obama Administration is putting up one hell of a fight to get their message out and it would be nice to see the American Public react with logic and reason for once.

However since I'm not holding out all that much hope for that I'm strongly suspecting President Obama and the Democrats have a few tricks up their sleeves.

I know even now they are putting a lot of pressure on the speculators and so far at least they appear to be held at bay.
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stumbler · Mar 12, 2012

ace's n 8's said: ↑

Why,, why cant crude get back down to reasonable prices,, other than the dollar being almost worthless. That fucking Nixon.
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Ever heard of Supply and Demand Ace you great conservative capitalist? Increases in demand have been outstripping increases in supply for more than a decade now.

Oil is running out world wide. And I've showed you this before. If we take all the ESTIMATES of the amount of oil off our east and west coast and ANWR and could produce it all at once if that was all the oil we had it would not last three fucking years.

ace's n 8's · Mar 13, 2012

stumbler said: ↑

Ever heard of Supply and Demand Ace you great conservative capitalist? Increases in demand have been outstripping increases in supply for more than a decade now.
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Not in this country,, not right now,,WE HAVE A SURPLUS.

Oil is running out world wide. And I've showed you this before. If we take all the ESTIMATES of the amount of oil off our east and west coast and ANWR and could produce it all at once if that was all the oil we had it would not last three fucking years.
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I will tell you again,,BULLSHIT........That's horseshit,, there is enough oil in this nation,, to supply this nation for several decades. The oil that the U.S. has;

[SIZE=+4]Peak Oil Lie - US Has
Utterly Giant Oil Reserves[/SIZE][SIZE=+1]

[/SIZE][SIZE=+1]"This sizable find is now the highest-producing onshore oil field found in the past 56 years." reports, The Pittsburgh Post Gazette. It's a formation known as the Williston Basin, but is more commonly referred to as the 'Bakken.' And it stretches from Northern Montana, through North Dakota and into Canada. For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves.... and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL![/SIZE] [SIZE=+1]That's enough crude to fully fuel the American economy for 41 years straight.[/SIZE] [SIZE=+1]2. And if THAT didn't throw you on the floor, then this next one should - because it's from two YEARS ago![/SIZE] [SIZE=+1]U. S. Oil Discovery - Largest Reserve In The World![/SIZE] [SIZE=+1]Stansberry Report Online - 4-20-6 [/SIZE] [SIZE=+1]Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling?[/SIZE][SIZE=+1]They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates:[/SIZE] [SIZE=+1]* 8 times as much oil as Saudi Arabia[/SIZE] [SIZE=+1]* 18 times as much oil as Iraq[/SIZE] [SIZE=+1]* 21 times as much oil as Kuwait[/SIZE] [SIZE=+1]* 22 times as much oil as Iran[/SIZE] [SIZE=+1]* 500 times as much oil as Yemen[/SIZE] [SIZE=+1]- and it's all right here in the Western United States.[/SIZE]
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stumbler · Mar 13, 2012

ace's n 8's said: ↑

Not in this country,, not right now,,WE HAVE A SURPLUS.

I will tell you again,,BULLSHIT........That's horseshit,, there is enough oil in this nation,, to supply this nation for several decades. The oil that the U.S. has;
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Where's your source for this bullshit Ace? Because I don't believe a word of it. And bet I can debunk it as soon as you show me the source.

ace's n 8's · Mar 13, 2012

stumbler said: ↑

Where's your source for this bullshit Ace? Because I don't believe a word of it. And bet I can debunk it as soon as you show me the source.
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You dont need a source,, prove to me that the ''Bakken'' does not exist, as well as the amount of light sweet crude that it has.

stumbler · Mar 13, 2012

ace's n 8's said: ↑

Not in this country,, not right now,,WE HAVE A SURPLUS.

I will tell you again,,BULLSHIT........That's horseshit,, there is enough oil in this nation,, to supply this nation for several decades. The oil that the U.S. has;
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Never mind Ace you gullible fool I already found this bullshit debunked on Snopes.com no less.

http://www.snopes.com/politics/gasoline/bakken.asp

stumbler · Mar 13, 2012

ace's n 8's said: ↑

You dont need a source,, prove to me that the ''Bakken'' does not exist, as well as the amount of light sweet crude that it has.
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I just did and you ought to be really embarrassed for falling for something that's already been debunked on Snopes.com.

ace's n 8's · Mar 13, 2012

stumbler said: ↑

Never mind Ace you gullible fool I already found this bullshit debunked on Snopes.com no less.

http://www.snopes.com/politics/gasoline/bakken.asp
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You can accept Snopes as reliable and non-biased if you wish,, but I WONT,,they are not as thorough as you may think they are with their investigations.

RandyKnight · Mar 13, 2012

ace's n 8's said: ↑

1949,,so what actually is your point.

Obama could fix this real quick,,place an export tax on those sales,and make it a hefty one at that,,but nooooooooooo,,that's not what Obama wants,,demonizing the profits of the oil companies, forcing the American people to accept his green energy policies, that are much more expensive to purchase, even if fuels get more expensive.......
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RandyKnight said: ↑

All taxes eventually filter down to the end user....the consumer...

that tax you suggest would only make prices higher at the pump.
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ace's n 8's said: ↑

Bullshit.........
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Evidently you have very little grasp of reality...

RandyKnight · Mar 13, 2012

stumbler said: ↑

Where's your source for this bullshit Ace? Because I don't believe a word of it. And bet I can debunk it as soon as you show me the source.
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Why do these idiots keep blowing up the size of their posts?

ace's n 8's · Mar 13, 2012

RandyKnight said: ↑

Why do these idiots keep blowing up the size of their posts?
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Because some idiots cant read it.

stumbler · Mar 13, 2012

ace's n 8's said: ↑

You can accept Snopes as reliable and non-biased if you wish,, but I WONT,,they are not as thorough as you may think they are with their investigations.
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I don't where the fuck you got the propaganda you posted but if you'd even bother to look at Snopes most the numbers come out of bullshit chain email.

You'll hear the same bullshit about all the oil in Colorado and Utah. Its a big lie because its oil shale and they haven't figured out how to get the oil out if it yet and they've been trying since I was in the 4th grade.

No you can believe all the phony propaganda bullshit you want Ace but it ain't fair for you to always be trying to pass it off on the general public.

stumbler · Mar 13, 2012

OMG laughing my ass off. Kieth Olbermann is running clips of all the Fox News pundits and reporters who were saying the President doesn't have any control and shouldn't be blamed for record gas and oil prices back in 2008.

I hope I can find a link of that segment.:excited::excited::excited:

CS natureboy · Mar 13, 2012

stumbler said: ↑

You'll hear the same bullshit about all the oil in Colorado and Utah. Its a big lie because its oil shale and they haven't figured out how to get the oil out if it yet and they've been trying since I was in the 4th grade.

.
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Ah yes, the extent of your education....:excited::excited::excited:

ace's n 8's · Mar 13, 2012

stumbler said: ↑

I don't where the fuck you got the propaganda you posted but if you'd even bother to look at Snopes most the numbers come out of bullshit chain email.
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Snopes means nothing to me, sometimes they are right,,sometimes they are not.

You'll hear the same bullshit about all the oil in Colorado and Utah. Its a big lie because its oil shale and they haven't figured out how to get the oil out if it yet and they've been trying since I was in the 4th grade.
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BULLSHIT..........They DO know how to get the oil out of shale,,it's called fracking,,and it works. The more they drill in the Bekken,,the more oil is found and extracted.

ENID, Okla., Nov. 2, 2011 /PRNewswire/ — Continental Resources, Inc. (NYSE: CLR) today reported average production of 66,289 barrels of oil equivalent per day (Boepd) for the third quarter ended September 30, 2011. This was 23 percent higher than production of 53,984 Boepd for the second quarter of 2011 and 48 percent higher than production for the third quarter of 2010.

(Logo: http://photos.prnewswire.com/prnh/20080505/LAM014LOGO)

Total production growth from the second quarter of 2011 to the third quarter this year included:

27 percent growth to 34,505 Boepd in the Bakken play of North Dakota and Montana from the second quarter consecutively to the third quarter of 2011;

78 percent consecutive quarter growth to 7,164 Boepd in the Oklahoma Anadarko Woodford; and

Four percent consecutive quarter growth to 14,954 Boepd in the Red River Units of Montana, North Dakota and South Dakota.

Continental reported third quarter 2011 net income of $439.1 million, or $2.44 per diluted share, compared with $39.1 million, or $0.23 per diluted share, in net income for the third quarter of 2010.
Source: redOrbit (http://s.tt/16F5u)
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No you can believe all the phony propaganda bullshit you want Ace but it ain't fair for you to always be trying to pass it off on the general public.
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But on the other hand,,it's all fair for you leftists to repeat the lies and propaganda that come out of the white house,just like the lie that you leftists are claiming that the oil is gone,, with the leftists media in the corner of the President and his leftist/socialist/dictating/communist policies.
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ace's n 8's · Mar 13, 2012

stumbler said: ↑

OMG laughing my ass off. Kieth Olbermann is running clips of all the Fox News pundits and reporters who were saying the President doesn't have any control and shouldn't be blamed for record gas and oil prices back in 2008.

I hope I can find a link of that segment.:excited::excited::excited:
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Obama is the prime culprit here,,gas at the pump has never been this high,this time of the year,,along with the declining value of the dollar

Obama wants green energy,,NOT OIL.

Kimiko · Mar 13, 2012

ace's n 8's said: ↑

Obama is the prime culprit here,,gas at the pump has never been this high,this time of the year,,along with the declining value of the dollar

Obama wants green energy,,NOT OIL.
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Yes, that's why U.S. oil drilling and oil production are at their highest level in years.

C'mon, Ace...look at the facts for once.

stumbler · Mar 13, 2012

ace's n 8's said: ↑

Obama is the prime culprit here,,gas at the pump has never been this high,this time of the year,,along with the declining value of the dollar

Obama wants green energy,,NOT OIL.
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Then what did President Bush do to cause oil to set a new record high at $140 per barrel Ace? That's the highest oil has ever been. What did President Bush do to cause that?

stumbler · Mar 13, 2012

Poll: Public Backs Obama Over GOP On Gas Prices, 66% Blame Big Oil Or Mideast Tension for Price Spike

A new poll finds that the public supports President Obama over Congressional Republicans on gas prices. The National Journal survey shows that 44% of respondents trust the President “to make the right decisions to help bring down the price of gasoline,” against 32% for the Congressional GOP.

We’ve previously reported that both Murdoch’s Wall Street Journal and Koch-fueled Cato Institute agree: “It’s Not Obama’s Fault That Crude Oil Prices Have Increased.” The poll found the public shares that assessment:
When asked what the main reason behind the price increase was, some 38 percent laid the blame on “the manipulation of prices by large energy companies.”

Twenty-eight percent cited “tension in the Middle East, particularly over Iran and nuclear weapons.” Well down the list were “the policies of President Obama” (14 percent) and “the policies of congressional Republicans” (5 percent).

These findings are particularly impressive because conservatives and GOP presidential candidates have been bashing Obama almost nonstop on this issue, trying to blame the President for high oil prices.

What the president can do is reduce the oil intensity of the economy, the amount of oil consumed per dollar of GDP, which is the true measure of how vulnerable the economy is to the price spikes and generally rising prices that are inevitable as we approach peak oil production. Obama has been pursuing such policies, which include his aggressive fuel economy standards and investing in clean energy alternatives.
And even in the face of rising gasoline prices, the public still supports Obama’s approach, as the poll found:

Americans put somewhat more stock in the Democrats’ policy of conservation and development of alternative energy sources, such as wind and solar power, than they do in the Republicans’ emphasis on greater domestic production of oil and gas. Fifty percent of respondents said that the Democratic approach “would do more to lower fuel prices,” while 42 percent went with the GOP approach.

In related news, the Washington Post fact-checker gives 3 Pinocchios to the GOP claim that Obama wanted higher oil prices. Also, Gallup reports that “U.S. economic confidence improved sharply” last week to “the highest weekly levels Gallup has recorded since it started tracking confidence daily in January 2008.” Finally, the WashPost notes of its recent poll:

At the moment, 63 percent of Americans say that gas prices are causing them financial hardship, with 36 percent saying the gas squeeze is causing “serious” financial hardship. (See Question 11.) But those are actually the lowest hardship numbers since May of 2008 — and, in fact, it’s virtually identical to what Americans were saying in May of 2004, six months before George W. Bush won re-election.

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http://thinkprogress.org/romm/2012/...es-blame-big-oil-mideast-tension-price-spike/

stumbler · Mar 13, 2012

The new oil reality

Get used to $4 a gallon. The cost of extracting and refining petroleum is higher than ever -- and that won't change

Oil prices are now higher than they have ever been — except for a few frenzied moments before the global economic meltdown of 2008. Many immediate factors are contributing to this surge, including Iran’s threats to block oil shipping in the Persian Gulf, fears of a new Middle Eastern war and turmoil in energy-rich Nigeria. Some of these pressures could ease in the months ahead, providing temporary relief at the gas pump. But the principal cause of higher prices — a fundamental shift in the structure of the oil industry — cannot be reversed, and so oil prices are destined to remain high for a long time to come.

In energy terms, we are now entering a world whose grim nature has yet to be fully grasped. This pivotal shift has been brought about by the disappearance of relatively accessible and inexpensive petroleum — “easy oil,” in the parlance of industry analysts; in other words, the kind of oil that powered a staggering expansion of global wealth over the past 65 years and the creation of endless car-oriented suburban communities. This oil is now nearly gone.

The world still harbors large reserves of petroleum, but these are of the hard-to-reach, hard-to-refine, “tough oil” variety. From now on, every barrel we consume will be more costly to extract, more costly to refine — and so more expensive at the gas pump.
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