If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Washington Post)   Gas prices rise on news that... well... demand and refineries and... um... look, we don't actually know why prices are going up   (washingtonpost.com) divider line 141
    More: Obvious, gas prices, positive economics, u.s. budget, refineries, Valero, Eurasia Group, U.S. Virgin Islands, West Texas Intermediate  
•       •       •

4267 clicks; posted to Main » on 20 Feb 2013 at 8:04 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



141 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread

First | « | 1 | 2 | 3 | » | Last | Show all
 
2013-02-20 06:41:07 AM
When you live in a global economy global forces dictate prices

The whole world revolves not around the United States
 
2013-02-20 07:31:30 AM
The environmental terrorists have won.
 
2013-02-20 07:39:27 AM
Well, subby, there's lots of reasons. But you have to be well-versed in a variety of sciences to understand them. For example, did you know that oil is actually made out of the long-dead remains of animals? Dinosaurs, things like that. They die and their bodies break down and become oil. A long time ago, we didn't have a lot of regulations and restrictions on animals dying, so a lot of them did. And they made lots of oil. Today, though, we have all kinds of rules, most of them sponsored by left-leaning organizations like PETA and Greenpeace and so forth, that restrict how many animals can be killed. Less animals dying = less oil. It's supply and demand.

That's another piece of science you need to understand: economics. See, oil is all about the people who supply it, the suppliers, being able to get it to the people who demand it. This is done with pipelines. Unfortunately, most of the pipelines we have now pass through very desolate places where there are no more dead animals at all, so they're not good anymore and there's not enough "supply" to fill them. There is one place where lots of animals are still dying, though, but ironically there's no pipeline to it. I'm talking about Canada, which is a region incredibly hostile to life anyway. You can pass all the laws you want protecting animals, and they'd still die in Canada, it's that harsh. I mean, some of the animals are just born, realize they're in Canada, and run off a cliff as soon as they can walk. So Canada has lots of oil, and they want to build a pipeline to give that oil to the US. But Obama won't let them do it. Nobody knows why; it could be some natural antipathy his people have toward Canadians. But it's a real shame.

Also, energy policy. See, Obama doesn't like gas-powered cars. I don't know if you ever heard of his first energy secretary, Sei Ving (commonly known as steven) Chu, but he was caught on record saying that he wanted to raise taxes on gasoline to something like $300 per gallon. It was in that ballpark, anyway, I don't have his exact quote in front of me right now so you'll forgive me if I'm off by a few dollars. Maybe it was only $287.50. But car companies got scared by this because they thought people wouldn't be able to afford buying their cars, so they started making all these hybrids, electric cars, windmill cars, pedal cars -- all these "alternate energy" cars that nobody really wanted except Obama. Obama collects these sorts of cars, it's almost like an obsession for him, he has acres of them up at Camp David. But anyway, manufacturing these cars actually ended up being a big scam, sort of like a Ponzi scheme, which we saw when Solyndra collapsed. If you haven't heard of Solyndra, they were a big alternate energy company that received hundreds of billions of dollars in taxpayer money. The bottom line is that there are now tons of these alternate energy cars that don't work, and not enough gas powered cars, which is sort of like the supply and demand problem again.

There are a variety of other reasons for the rise in gas prices (gun control efforts, abortion, gay marriage, etc.), but there effects are more subtle and would require a much lengthier explanation that what can really be allocated here. But if you're really curious, study it out and educate yourself. The country needs *more* informed consumers, not less. Good luck, and God bless.
 
2013-02-20 07:42:43 AM
It's no mystery, artificial supply restriction due to refinery closures and maintenance (switch over from winter to summer gas) They even mention it twice in the article. But good headline anyway subby!
 
2013-02-20 08:07:14 AM

Pocket Ninja: Good luck, and God bless.


Wake up sheeple?
 
2013-02-20 08:08:10 AM
This is Obama's fault until it starts going down.
 
2013-02-20 08:08:21 AM
Why are prices going up?

Because they feeling like making more money and fark you.
 
2013-02-20 08:08:48 AM
We have money and they want it.
 
2013-02-20 08:08:49 AM

Pocket Ninja: Well, subby, there's lots of reasons. But you have to be well-versed in a variety of sciences to understand them. For example, did you know that oil is actually made out of the long-dead remains of animals? Dinosaurs, things like that. They die and their bodies break down and become oil. A long time ago, we didn't have a lot of regulations and restrictions on animals dying, so a lot of them did. And they made lots of oil. Today, though, we have all kinds of rules, most of them sponsored by left-leaning organizations like PETA and Greenpeace and so forth, that restrict how many animals can be killed. Less animals dying = less oil. It's supply and demand.

That's another piece of science you need to understand: economics. See, oil is all about the people who supply it, the suppliers, being able to get it to the people who demand it. This is done with pipelines. Unfortunately, most of the pipelines we have now pass through very desolate places where there are no more dead animals at all, so they're not good anymore and there's not enough "supply" to fill them. There is one place where lots of animals are still dying, though, but ironically there's no pipeline to it. I'm talking about Canada, which is a region incredibly hostile to life anyway. You can pass all the laws you want protecting animals, and they'd still die in Canada, it's that harsh. I mean, some of the animals are just born, realize they're in Canada, and run off a cliff as soon as they can walk. So Canada has lots of oil, and they want to build a pipeline to give that oil to the US. But Obama won't let them do it. Nobody knows why; it could be some natural antipathy his people have toward Canadians. But it's a real shame.

Also, energy policy. See, Obama doesn't like gas-powered cars. I don't know if you ever heard of his first energy secretary, Sei Ving (commonly known as steven) Chu, but he was caught on record saying that he wanted to raise taxes on gasoline to something like $300 per gallon. It was in ...


Yes!
 
2013-02-20 08:10:13 AM
Why?

images1.wikia.nocookie.net

Because fark you.
 
2013-02-20 08:10:55 AM
Prices go up because demand is inelastic and it makes them more money.
 
2013-02-20 08:11:14 AM
Because of Bush subby. Just like C is always the answer on FARK, Bush is always the reason..
 
2013-02-20 08:11:23 AM

CarnySaur: This is Obama's fault until it starts going down.


No, still Bush and Cheney enriching their oil buddies, just like back in 2007.
 
2013-02-20 08:12:45 AM
Only 33 days in a row?  I gassed them for 56 in a row back in the day with the Yankees.www.phawker.com
 
2013-02-20 08:14:26 AM

CarnySaur: This is Obama's fault until it starts going down.


Worth repeating.
 
2013-02-20 08:14:37 AM

gonzojohn: Why are prices going up?

Because they feeling like making more money and fark you.


And last month they didn't feel like making more money?
 
2013-02-20 08:14:48 AM
Who says investigative journalism is dead? Oh wait, looks pretty bad in this article
 
2013-02-20 08:15:08 AM
Gas prices were around $1.79 when Obongo took office. Draw your own conclusions.
 
2013-02-20 08:16:29 AM
Raise tax on the wealthy, they raise their 'taxes' on everyone beneath them.
 
2013-02-20 08:17:12 AM
Those Senators and supreme court "justices" don't come cheap.
 
2013-02-20 08:19:34 AM
Because you won't walk to the store that's less than a mile away from you.
 
2013-02-20 08:20:20 AM
The speculators whose actions result in high gas prices think something is going to happen this summer that will kill their profits.

Some kind of government caused fiscal crisis is just around the corner.  There will be no profits to be had by them then so they have to do it now.
 
2013-02-20 08:20:29 AM

Pick: Gas prices were around $1.79 when Obongo took office. Draw your own conclusions.


Thanks Obama!
 
2013-02-20 08:20:52 AM

Pick: Gas prices were around $1.79 when Obongo took office. Draw your own conclusions.


An oldie but goodie.  It combines a factual statement with utter derp.
 
2013-02-20 08:22:23 AM
It is 100% Shartbama's fault, of course.  Just do a GIS of "Obama gas prices" and see all the pics of President Fart grinning his smug grin in front of signs advertising gas at $5 or more.  There's no better proof than that.
 
2013-02-20 08:25:59 AM

Pick: Gas prices were around $1.79 when Obama took office. Draw your own conclusions.


Dropping from a high of over $4 just before.

http://gasbuddy.com/gb_retail_price_chart.aspx

What's your point? Obama made gas prices go down? Ok, good! He should do it again.
 
2013-02-20 08:27:10 AM

Onkel Buck: Because of Bush subby. Just like C is always the answer on FARK, Bush is always the reason..



Cry moar, GOP fellator.
 
2013-02-20 08:27:48 AM
This latest spike in gas prices has actually caused a bit of an anomaly in my area. I live at the bottom of a mountain, but work in a college/resort town at the top of the mountain. Normally, since the mountain town is a) slightly more isolated and b) college students and tourists, gas prices there are about 10 cents/gallon more expensive than off the mountain. Currently, the off-mountain prices have spiked while the on-mountain prices remained stagnant and it's now 15-25 cents/gallon cheaper in the college/resort town.

Thanks, Obama!
 
2013-02-20 08:28:13 AM
The answer is obvious: The Election season is over.

Sitting president wants gas prices down so people are happier.

Other party wants gas prices down so if their person wins they can say "SEE?! Gas Prices are down because of our guy!" Most people don't pay attention and will accept this as fact.
 
2013-02-20 08:28:14 AM
www.washingtonpost.com

Because of that dress. Jesus Christ.
 
2013-02-20 08:28:48 AM

professor_tom: What's your point?


His point was "herp derp durr". You should check your sarcasmometer.
 
2013-02-20 08:29:03 AM

Pocket Ninja: [Derp]


Not sure if being a raging lunatic and delusional Christian (not that those things are mutually exclusive, mind), but Jaysus if you're trolling, couldn't you at least have made it less TL;DR and more, y'know, succinct? Less is more, and the most successful trolls are the shorter ones (e.g., "Mission Accomplished" photo op, "only thing we have to fear...," "I am not a crook," "Ich bin ein Berliner," et cetera).

Pick: Gas prices were around $1.79 when Obongo took office. Draw your own conclusions.


Where in the only forty-eight states that matter was gas that goddamned low in January 2009? I remember filling up my friend's tank (on my farking dime, that rat bastard) and gas was either at or just above three bucks a gallon.
 
2013-02-20 08:29:32 AM
Take gas off the commmodities market and speculators won't be able to fark with the price
 
2013-02-20 08:30:27 AM
FTFA:"Atlantic Basin capacity closures have improved refining fundamentals," the nation's biggest refiner, Valero, said in a slide presentation at a Credit Suisse conference this month. It estimated that nearly 1 million barrels a day of refinery capacity has been closed on the East Coast or in the U.S. Virgin Islands in the past two years, which Valero said allowed it to increase profit margins.

So Valero closes refineries because they are "unprofitable", increases the price of petroleum distillates at it's other refineries because of the now supply shortage, and proceeds to give the whole East Coast a UFIA?

All done in the name of increasing profit margins to the shareholders. This is legal? Some might call it market manipulation by entrenched oligopolies.
 
2013-02-20 08:31:51 AM

maram500: Pocket Ninja: [Derp]

Not sure if being a raging lunatic and delusional Christian (not that those things are mutually exclusive, mind), but Jaysus if you're trolling, couldn't you at least have made it less TL;DR and more, y'know, succinct? Less is more, and the most successful trolls are the shorter ones (e.g., "Mission Accomplished" photo op, "only thing we have to fear...," "I am not a crook," "Ich bin ein Berliner," et cetera).

Pick: Gas prices were around $1.79 when Obongo took office. Draw your own conclusions.

Where in the only forty-eight states that matter was gas that goddamned low in January 2009? I remember filling up my friend's tank (on my farking dime, that rat bastard) and gas was either at or just above three bucks a gallon.



are you new around here or something?
 
2013-02-20 08:32:13 AM

Pants full of macaroni!!: It is 100% Shartbama's fault, of course.  Just do a GIS of "Obama gas prices" and see all the pics of President Fart grinning his smug grin in front of signs advertising gas at $5 or more.  There's no better proof than that.


i758.photobucket.com
 
2013-02-20 08:34:45 AM
Watch what happens the next time the prices get real high. The President will threaten to investigate the oil futures speculation market and after the announcement, within a month or two, the prices will drop by about $0.50 per gallon. This has happened at least twice during Obama's tenure, but for some reason, this hasn't been investigated by journalists.
 
2013-02-20 08:34:55 AM

cajunns: Take gas off the commmodities market and speculators won't be able to fark with the price


dingdingdingding
 
2013-02-20 08:35:26 AM

maram500: Pocket Ninja: [Derp]

Not sure if being a raging lunatic and delusional Christian (not that those things are mutually exclusive, mind), but Jaysus if you're trolling, couldn't you at least have made it less TL;DR and more, y'know, succinct? Less is more, and the most successful trolls are the shorter ones (e.g., "Mission Accomplished" photo op, "only thing we have to fear...," "I am not a crook," "Ich bin ein Berliner," et cetera).

Pick: Gas prices were around $1.79 when Obongo took office. Draw your own conclusions.

Where in the only forty-eight states that matter was gas that goddamned low in January 2009? I remember filling up my friend's tank (on my farking dime, that rat bastard) and gas was either at or just above three bucks a gallon.


Welcome to Fark! Have you received your New Member gift basket yet?
 
2013-02-20 08:37:02 AM
If sequestration succeeds in destroying the economy again, fuel prices may just drop back down below $2.00/ gallon like they did the last time the bottom fell out of the economy in late 2008.
 
2013-02-20 08:37:29 AM

cman: When you live in a global economy global forces dictate prices


sno man: It's no mystery, artificial supply restriction due to refinery closures and maintenance (switch over from winter to summer gas)


Since the refineries being spoken of are in the US, Those two things are in conflict with each other.  Which is true?
 
2013-02-20 08:37:38 AM

lewismarktwo: Pick: Gas prices were around $1.79 when Obongo took office. Draw your own conclusions.

An oldie but goodie.  It combines a factual statement with utter derp.


Probably about as good as "Bush was handed a surplus"
 
2013-02-20 08:39:25 AM

Pocket Ninja: Well, subby, there's lots of reasons. But you have to be well-versed in a variety of sciences to understand them. For example, did you know that oil is actually made out of the long-dead remains of animals? Dinosaurs, things like that. They die and their bodies break down and become oil. A long time ago, we didn't have a lot of regulations and restrictions on animals dying, so a lot of them did. And they made lots of oil. Today, though, we have all kinds of rules, most of them sponsored by left-leaning organizations like PETA and Greenpeace and so forth, that restrict how many animals can be killed. Less animals dying = less oil. It's supply and demand.

That's another piece of science you need to understand: economics. See, oil is all about the people who supply it, the suppliers, being able to get it to the people who demand it. This is done with pipelines. Unfortunately, most of the pipelines we have now pass through very desolate places where there are no more dead animals at all, so they're not good anymore and there's not enough "supply" to fill them. There is one place where lots of animals are still dying, though, but ironically there's no pipeline to it. I'm talking about Canada, which is a region incredibly hostile to life anyway. You can pass all the laws you want protecting animals, and they'd still die in Canada, it's that harsh. I mean, some of the animals are just born, realize they're in Canada, and run off a cliff as soon as they can walk. So Canada has lots of oil, and they want to build a pipeline to give that oil to the US. But Obama won't let them do it. Nobody knows why; it could be some natural antipathy his people have toward Canadians. But it's a real shame.

Also, energy policy. See, Obama doesn't like gas-powered cars. I don't know if you ever heard of his first energy secretary, Sei Ving (commonly known as steven) Chu, but he was caught on record saying that he wanted to raise taxes on gasoline to something like $300 per gallon. It was in ...


i758.photobucket.com

/This is why you are favorited.
//Anyone Seen Mike Lowell around??
 
2013-02-20 08:39:36 AM
They don't even mess around raising it a few cents a day. It's now 20 cent a day jumps.

GG you win
 
2013-02-20 08:39:47 AM
Because auto bailout.
 
2013-02-20 08:40:03 AM

dragonchild: Pocket Ninja: Good luck, and God bless.

Wake up sheeple?


Ten thousand years we slumbered... now we riiiiiiiiiiise!
 
2013-02-20 08:40:19 AM

xxcorydxx: maram500: Pocket Ninja: [Derp]

Not sure if being a raging lunatic and delusional Christian (not that those things are mutually exclusive, mind), but Jaysus if you're trolling, couldn't you at least have made it less TL;DR and more, y'know, succinct? Less is more, and the most successful trolls are the shorter ones (e.g., "Mission Accomplished" photo op, "only thing we have to fear...," "I am not a crook," "Ich bin ein Berliner," et cetera).

Pick: Gas prices were around $1.79 when Obongo took office. Draw your own conclusions.

Where in the only forty-eight states that matter was gas that goddamned low in January 2009? I remember filling up my friend's tank (on my farking dime, that rat bastard) and gas was either at or just above three bucks a gallon.


are you new around here or something?


Nah, it's just my Trolling and Sarcasm DetectorTM (Patent Pending) periodically needs to be bashed against a wall to function properly. I spend waaay too much time here and on political blogs' comment boards to have the ability to accurately detect trolls and sarcasm Therefore, I can't always determine who are the actual Jebus freaks who believe that the Republican Party will be the Saviour of this great nation--this exceptional nation (you know, the nation that does absolutely nothing exceptional in the past forty years).

Also, I may have been a bit out there with the three bucks a gallon claim, but not by much. The price was certainly not under $2.50 a gallon at the time The Scary Black Guy (Copyright 2008 The Republican Party) got innaugurated. Plus, as someone already pointed out all this hooplah is ridiculous, as there was a major crash in gas prices a few months before that election--therefore any increase in price isn't all that surprising at the moment.

/Shutting up now
 
2013-02-20 08:41:10 AM

cajunns: Take gas off the commmodities market and speculators won't be able to fark with the price


Removing petroleum from the commodities market isn't going to remove speculators from the equation. It's still a resource that requires exploration and development, so speculators are always going to be a part of the industry.
 
2013-02-20 08:41:17 AM
THANKS 0BAMA!!!


/oblig
 
2013-02-20 08:41:31 AM

professor_tom: Pick: Gas prices were around $1.79 when Obama took office. Draw your own conclusions.

Dropping from a high of over $4 just before.

http://gasbuddy.com/gb_retail_price_chart.aspx

What's your point? Obama made gas prices go down? Ok, good! He should do it again.


That's awesome.  That's like saying "Hey wife, stop spending $5,000 a month more than we make" and she responds with
"Quit biatching, I spent $6,000 extra last month"
 
Displayed 50 of 141 comments

First | « | 1 | 2 | 3 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report