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(NASDAQ)   Experts: "rising demand for oil around the world and supply concerns stemming from Iran sanctions are driving prices at the pump"   (nasdaq.com) divider line 9
    More: Interesting, sanctions against Iran, Iran, Dow Jones Newswires, U.S. Energy Information Administration, Senate Hearing, oil exports, crude oil  
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1269 clicks; posted to Politics » on 31 Mar 2012 at 1:04 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
2012-03-31 09:54:33 PM
1 votes:

elchip: Mrtraveler01: winterwhile: Karac: Wait a minute - you mean people exist outside the US, and that they're part of the demand part of supply & demand? WTF are these furriners doing with the oil that belongs to us?

sounds like we need another war??// Lybia's already taken.

Are you the only troll that didn't go to Vegas?

The threads are eerily quiet today.

I think he'd get lost in the airport.



Best part, forever...
2012-03-31 02:25:34 PM
1 votes:

GAT_00: 1. The US purchases no Iranian oil and has not for years.
2. US oil demand, the highest in the world, is the lowest it's been since the 1990s.
3. Speculation is absolutely occurring and raising the price. You're simply wrong if you say otherwise. That's just a fact.
4. Speculation is legal and occurs in every other commodity, and in each of those is responsible for at least some price rise, so pretending it isn't happening is like pretending the sun didn't rise today.
5. The same people who say that oil speculation is good for a free market also refuse to end tax breaks to the most profitable businesses in the country, on the grounds that a fair market is bad.
6. There is a sharp disconnect between gas prices, gas demand, and oil prices. Oil prices rise, triggering an instant gas price rise when the supply of higher oil won't reach the pump as gas for a month at minimum. The rise in price also reduces the demand for gas.
7. Supply is relatively constant. Oil production does not vastly increase or decrease on a daily basis, and Iran has been cut off for some time.

Combine all this together, and you have steady supply, rising prices, falling demand and only one variable: speculation.

Now tell me again how speculation can't be raising prices, or disprove any of the above.


Best part...
forever
2012-03-31 02:04:13 PM
1 votes:

winterwhile: Mrtraveler01: Obviously what we need to do is to build a pipeline that would take oil that would've been destined for the Midwest and sell it on the world market.

or we could just print more money

you do know the value of the dollar is in no way tied to the price of oil?

So lets print another 2 trillion, and spend it?

Worked last time Obama did it... right?


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2012-03-31 01:46:06 PM
1 votes:

Don't Troll Me Bro!: Hey, right-wingers...
1) He can't be both doing everything in his power to piss everybody off and doing nothing but taking actions to get re-elected at the same time.
2) He can't be both an ultra-powerful megalomaniac hellbent on destroying America and also a lazy do-nothing at the same time.


He can and is. He is all things to all people. Most of them very, very bad.
2012-03-31 01:30:56 PM
1 votes:

Don't Troll Me Bro!: 1) He can't be both doing everything in his power to piss everybody off and doing nothing but taking actions to get re-elected at the same time.
2) He can't be both an ultra-powerful megalomaniac hellbent on destroying America and also a lazy do-nothing at the same time.


Why not? He's farking Obama!
2012-03-31 01:29:29 PM
1 votes:

quatchi: Wait, are you trying to say that the entire RW narrative about Obama deliberately keeping the price of gas high because he's A) Got the power to do so B) Likes making Americans suffer and C) Is the libbiest eniviro-wacko EVAH is some kind of untruth?


I love when the same people who say that he's doing A, B, and C above turn around and say something about how he's

D) constantly in campaign mode and will do anything to win the next election instead of concentrating on running the gov't.
E) a do nothing President who isn't able to accomplish anything and is a complete failure at everything he's ever done.

Hey, right-wingers...
1) He can't be both doing everything in his power to piss everybody off and doing nothing but taking actions to get re-elected at the same time.
2) He can't be both an ultra-powerful megalomaniac hellbent on destroying America and also a lazy do-nothing at the same time.
2012-03-31 01:17:39 PM
1 votes:
We should bomb them. That would really lower the price of oil.
2012-03-31 01:08:28 PM
1 votes:
Obviously what we need to do is to build a pipeline that would take oil that would've been destined for the Midwest and sell it on the world market.
2012-03-31 12:42:39 PM
1 votes:
This is not a repeat from the minute after the dinosaurs got too big and fat and all died and became oil.

www.wearysloth.com
 
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