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(KING5.com)   Gas prices rise on news that it's almost not winter   (king5.com) divider line 18
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402 clicks; posted to Business » on 22 Feb 2008 at 3:19 PM (6 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



18 Comments   (+0 »)
   

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2008-02-22 03:32:55 PM
in just spring when the world is oil-luscious the little lame president whistles far and wee
 
2008-02-22 04:14:51 PM
Or, gas prices rise due to an artificial scarcity driven by government regulations on the fuel mix which requires the refineries to shut down temporarily to make the switch. Sensationalism is more exciting I guess.
 
2008-02-22 04:17:53 PM
I am in Minneapolis, the headline is a cruel tease
 
2008-02-22 04:22:09 PM
the_geek: Or, gas prices rise due to an artificial scarcity driven by government regulations on the fuel mix which requires the refineries to shut down temporarily to make the switch. Sensationalism is more exciting I guess.

The scarcity is also the result of a pudwad President deciding to double the size of the Strategic Oil Reserve.
 
2008-02-22 04:43:23 PM
MutaThe scarcity is also the result of a pudwad President deciding to double the size of the Strategic Oil Reserve.

Have you really thought that one through? Its not the Cartel setting production limits and the speculators....its the president. I should have known, the bastage.
 
2008-02-22 04:44:58 PM
I converted the ol Cavalier to run on farts but now beans are too god damn expensive...
 
2008-02-22 04:49:13 PM
This video proves theres plenty of oil left and gas is cheap!
 
2008-02-22 05:24:21 PM
I just read on MSNBC that gasoline supplies are at a 14 year high. It's pretty obvious that free market principles don't work when it comes to the oil companies.
Now waiting for the record profit announcements and the congressional hearings, Of course there will be no price gouging found and we will be told to pay up and shut up.

http://www.msnbc.msn.com/id/12400801/
 
2008-02-22 05:37:12 PM
seriously, when aren't gas prices on the rise anymore?

(winter comes)
OH NOES! WE'RE REFORMULATING FOR THE WINTER BLEND! $$$$$

(summer comes)
OH NOES! WE'RE REFORMULATING FOR THE SUMMER BLEND! $$$$$

//lather, rinse, repeat.
 
2008-02-22 07:26:58 PM
The headline is a lie. There's still another month of "winter" followed by at least a month of "still winter".
 
2008-02-22 09:48:42 PM
img221.imageshack.us

I can't farking wait till April. My gas bill goes from 35 a week to 10 a week.
 
2008-02-22 09:50:04 PM
Don't know about you, folks, but I've got Spring Fever.
 
2008-02-22 11:46:21 PM
lrosu79: Have you really thought that one through?

Clearly not as well as you.

Please explain why it is good for American for oil to cost more than $100 a barrel.

Please explain how doubling the Strategic Oil Reserve will reduce demand and lower prices.

Please explain why it is good for the Federal government to buy oil when its cost is at an all time high. (please include a paragraph or two about buying high and selling low).

Thanks!
 
2008-02-23 12:30:40 AM
Muta: lrosu79: Have you really thought that one through?

Clearly not as well as you.

Please explain why it is good for American for oil to cost more than $100 a barrel.


The world is farking running out of oil.
Why is it good to grow old and die? It's not good, but it can't be helped.


Please explain how doubling the Strategic Oil Reserve will reduce demand and lower prices.


The world is farking running out of oil. The administration is taking steps to ensure that the country has some form of backup for it's lifeblood.


Please explain why it is good for the Federal government to buy oil when its cost is at an all time high. (please include a paragraph or two about buying high and selling low).

Thanks!


Have you looked at the Chinese economy lately? India's economy? Freaking Saudi Arabia's gasoline usage? Look up Cantarell's depletion rate. Mexico, one of our top importers, will itself become a net importer in *7* years.
The world is farking running out of oil. The world is farking running out of oil. The world is farking running out of oil. The world is farking running out of oil. The world is farking running out of oil. The world is farking running out of oil. The world is farking running out of oil. The world is farking running out of oil. The world is farking running out of oil. The world is farking running out of oil.

/Technically, more like the lines of supply and demand are crossing. But you get the idea.
//The world is farking running out of oil.
 
2008-02-23 12:56:53 AM
LetsGoBowling
seriously, when aren't gas prices on the rise anymore?

(winter comes)
OH NOES! WE'RE REFORMULATING FOR THE WINTER BLEND! $$$$$

(summer comes)
OH NOES! WE'RE REFORMULATING FOR THE SUMMER BLEND! $$$$$

//lather, rinse, repeat.


You forgot lubricate.... Oh yeah they forgot that too.
 
2008-02-23 12:06:35 PM
Please explain why it is good for American for oil to cost more than $100 a barrel.


Its not but the government doesn't control the price of oil (with the exception of taxes), the market does. OPEC controls the supply and people are speculating on the price of oil, driving the price of it up.


Please explain how doubling the Strategic Oil Reserve will reduce demand and lower prices.

They had agreements with OPEC to increase production just for this reason. Net impact = 0. If OPEC upped production prices would drop, but OPEC wants prices high for very obvious reasons. So lets blame the two root causes of the high prices, OPEC and market speculation.



Please explain why it is good for the Federal government to buy oil when its cost is at an all time high. (please include a paragraph or two about buying high and selling low).

Again see above OPEC agreed to increase production for the increase in the strategic reserve. Do you think that the doubling of the strategic oil reserve has had a great impact than speculation, is this what you are saying? Go look at what Warren Buffet said about oil prices, its simply not sustainable at prices over $50 a barrel without significant market speculation. But obviously the Strategic Oil reserve was the major problem, obviously.
 
2008-02-24 03:34:48 AM
Also, just to cloud the issues further, when demand outstrips supply the price goes up.

/A lot
 
2008-02-26 11:45:10 PM
Also, just to cloud the issues further, when demand outstrips supply the price goes up

I for one don't buy 100% into this supply and demand crap. I know it has some influence, but prior to the current administration it meant perhaps a 20-30 cent fluctuation in prices. Throughout the 90s, the price of gas (in CA) rarely went outside the area of $1.20-1.50 a gallon. I vividly remember, in 1996, visiting some hole-in-the-wall gas station in the middle of the Anza-Borrego Desert charging $1.79 and being astonished at what a rip-off it was. Then there was the pleasant surprise in early 1999 of 98 cents a gallon.

Now, suddenly, after an OILMAN surrounding himself with former OIL EXECUTIVES took office was appointed to office by a bunch of right-wing codgers in SCOTUS, the price started going up precipitously, and during pretty much the whole time he's been in office, there have been huge run-ups in price, after which there are decreases, but never to as low a point as they were before.

Remember the big deal when gas first hit $2? O NOES THE PUMPS CAN'T REGISTER ANYTHING OVER $1.99!! AAAAAAHHHH!!! Now, we are (almost) comfortable with the notion of paying 3 bucks a gallon. 2 bucks, which in the 90s we would have perceived as an obscene gouging, would seem like a "deep discount" now. It's kind of like the Range Game on The Price is Right. Prices fluctuate within a window, but the window slides ever higher.

Even more maddening: the obscene profits Bushie's cohorts are raking in. This is one of the few industries where the less product they produce, the more money they make. Why? We are required by circumstances to keep buying their goop at whatever price they set. So, as we often see with OPEC, it behooves them to cut production, because it increases profits. Then, these so-called "speculators" come in and run it up even more. That part of the market I cannot comprehend at all.

It will be interesting to see what happens to oil prices post-Bush. Sadly, the damage has already been done. The oil companies now know they can ream us to the next solar system, create inflation across the board, turn our economy into a shambles, and we will meekly continue to fork it over. There is a lot of hype about alternative energy, as there often is when fuel prices are high, but 99+% of us still have no choice but to use oil products.

It is a sad state of affairs, but we have been through worse and, though it will take a while for our country to get back on its feet after Bush's butchering job, we will and hopefully be all the better for it.

At least one can hope...

/help us, Obi-Wan-Obama; you're our only hope
 
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