gunnut69 Posted February 29, 2008 Share Posted February 29, 2008 I don't know if lowering the speed limit it is "a dumb idea," but at least it would get enough people to do something about this problem. Anything that would hamper the oil company's profits will likely raise a red flag and they will likely make moves to stop this gouging. Furthermore, if the signal was sent that less oil would be being used, these speculators will dump their holdings and cause a pullback on prices. Just as the psychological factors of "geopolitical concerns" drive up the prices, so too would the psychological factors of a lower speed limit and the perceived consequences of lower energy use. Right now, they are trying to take tax breaks away from the oil companies. Granted the oil companies do not need a break with $50billion profits, but they would use it as an excuse to charge even more for the price of gasoline. all lowering the speed limit would do is cause an increase in speeding tickets.thats a no brainer. if people are willing to drive slower to save oil they can do that anyway ,right?just stay in the right lane,please Quote Link to comment Share on other sites More sharing options...
davdog Posted February 29, 2008 Share Posted February 29, 2008 more dumb ding bat mathactually....... 1 US gallon = 3.7854118 litres You're calling someone out over .22? Back to the school of make believe for you. Quote Link to comment Share on other sites More sharing options...
dark270 Posted February 29, 2008 Share Posted February 29, 2008 (edited) You're calling someone out over .22? Back to the school of make believe for you. look it's dav GGGG dog. .22 can be alot, how about i take .22 percent off your check ? instead of 100K you would make only 95K oh it's different now ? back to kwame's school for you. Edited February 29, 2008 by dark271 Quote Link to comment Share on other sites More sharing options...
Pumpmaster Posted February 29, 2008 Share Posted February 29, 2008 Speaking of $4/gallon gas, here's a clip of a clueless chimp about this very topic: http://www.alternet.org/blogs/video/78224/ Quote Link to comment Share on other sites More sharing options...
armadamaster Posted March 1, 2008 Share Posted March 1, 2008 (edited) There are several factors at work here. Unlike the early 1980s, the price has nothing to do with supply- there is more than enough oil to go around. Sure there is more demand because of China taking our jobs, but not enough to justify a quadripling of prices in six years. I'll agree with to a point here, oil prices have NOTHING to do with supply. One of the main reasons oil prices quadrupled in the last four years, and doubled in the last year is the effect that George Bush's war has had on the dollar. A government cannot continue to print money and lower interest rates on that money without the value of that money falling. Our dollar is at its lowest point in history. If were were to turn back the clock and not have spend the $2 Trillion for this waste of a war, our dollar probably would be about 50 percent higher, and we would be paying no more than $2.25 a gallon for gas. Pffft.....war my a$$. A combination of factors that are NEVER discussed add up to the increase in gas prices. 1. Decrease in competition- ChevronTexaco, ExxonMobil, ConocoPhillips, you CANNOT have such widespread decrease in competition of companies and expect prices to stay reasonable. 2. Refinery capacity-No new refinery's since what...the 1970's? Thanls environazis. 3. Importing oil instead of drilling for it here.....DUH...... 4. Greedy companies with little to no competition. 5. vvvvv Another factor is the role of the speculators on this market. They are investing their money in oil futures instead of stocks and bonds. These speculators are hoping for a catastrophe in the Middle East or elsewhere so the price of oil goes up to $200 a barrell. What is going to happen with these speculators? They are sparking the very recession that will lead to the loss of their investment. You will see a day where these idiots will wake up and realize that there is not a shortage, and a $40 dollar or more one-day drop in the price of a barrel of oil may occur because of panic selling. 5. Speculators- perhaps the largest most damning effect on the price of oil is these boobs freaking out everytime a Saudi princes farts or one of our many international "friends" announces they are going to bend us over for some more oil money. There are ways that the govenrment could help this matter. Lowering the national speed limit to 60 would send oil prices down 25 percent overnight. Also, releasing some of the billions of barrels of oils in the strategic oil reserves would be another; but we all know these things will not happen with an oil man as president. Yeah, there are ways the gubment could help in this matter, and mandating some assinined 60 MPH speed limit so the money goes to local P.D.s instead when everybody continues trying to go a reasonable freeway speed AIN'T IT. The removal of the EPA in automotive matters would be a start. Allowing for some....ANY kind of domestic drilling would be another. Allowing for a new refiney to be built here for the first time in decades would be another. Getting rid of CAFE or canning the forthcoming 2020 standards would be nice. The list goes on.... Edited March 1, 2008 by Armada Master Quote Link to comment Share on other sites More sharing options...
Footballfan Posted March 2, 2008 Share Posted March 2, 2008 (edited) I'll agree with to a point here, oil prices have NOTHING to do with supply.Pffft.....war my a$$. A combination of factors that are NEVER discussed add up to the increase in gas prices. Sorry, but $2 Trillion of taxpayer dollars for essentially nothing in return, and record federal deficits and debt does have something to do with the decline in the dollar. 1. Decrease in competition- ChevronTexaco, ExxonMobil, ConocoPhillips, you CANNOT have such widespread decrease in competition of companies and expect prices to stay reasonable. 2. Refinery capacity-No new refinery's since what...the 1970's? Thanls environazis. 3. Importing oil instead of drilling for it here.....DUH...... 4. Greedy companies with little to no competition. 5. vvvvv 5. Speculators- perhaps the largest most damning effect on the price of oil is these boobs freaking out everytime a Saudi princes farts or one of our many international "friends" announces they are going to bend us over for some more oil money.. Agreed on all five points Yeah, there are ways the gubment could help in this matter, and mandating some assinined 60 MPH speed limit so the money goes to local P.D.s instead when everybody continues trying to go a reasonable freeway speed AIN'T IT. The removal of the EPA in automotive matters would be a start. Allowing for some....ANY kind of domestic drilling would be another. Allowing for a new refiney to be built here for the first time in decades would be another. Getting rid of CAFE or canning the forthcoming 2020 standards would be nice. The list goes on.... I don't like driving slower than anyone else but it would be something that could be done on the short term- even if it is to just paralyze the speculators. Our congress is too inpet to implement any of your ideas. They would rather pander to some communist, Hollywood, fringe that are concerned with a moth being killed over greenhouse gas than do what is best for the USA. I hope that the congress is gutted this year in the elections, and whack jobs and obstructionists will be voted out. Edited March 2, 2008 by Footballfan Quote Link to comment Share on other sites More sharing options...
armadamaster Posted March 2, 2008 Share Posted March 2, 2008 (edited) Sorry, but $2 Trillion of taxpayer dollars for essentially nothing in return, and record federal deficits and debt does have something to do with the decline in the dollar. I'm all for the U.S. getting some of that Irag oil, I think it's assinined that we don't. Agreed on all five pointsI don't like driving slower than anyone else but it would be something that could be done on the short term- even if it is to just paralyze the speculators. Our congress is too inpet to implement any of your ideas. They would rather pander to some communist, Hollywood, fringe that are concerned with a moth being killed over greenhouse gas than do what is best for the USA. I hope that the congress is gutted this year in the elections, and whack jobs and obstructionists will be voted out. We can agree there. :beerchug: Edited March 2, 2008 by Armada Master Quote Link to comment Share on other sites More sharing options...
Furious1Auto Posted March 2, 2008 Share Posted March 2, 2008 Speaking of $4/gallon gas, here's a clip of a clueless chimp about this very topic: http://www.alternet.org/blogs/video/78224/ Here you go Pump, he want's to give more tax breaks to big oil. Also with such a low volume of ethenol being sold, he is blamining it's production as a justification for the escalating cost of food. Funny, why are the prices of non-corn food items rising as well? Instead of giving them tax breaks to incent something that will not happen, why is he not mandating the building of new refinaries to eliminate the low supply of refinned fuels in turn increasing the price? I live in Ohio and right on Lake Erie, with the loss of much industry including a Ford plant I'm sure the city of Lorain would welcome a refinnary and the residual employment that comes with it! It looks to me as though instead of reducing the retail cost of refinned fuel, he is instead helping these companies to reduce their overhead costs (by getting crude oil cheaper) and increasing their profit margins!Bush on Tax breaks to big oil LINK! Quote Link to comment Share on other sites More sharing options...
econolineman Posted March 2, 2008 Share Posted March 2, 2008 My gut tells me even with a Dem in office we're still going to be paying big at the pump. Quote Link to comment Share on other sites More sharing options...
Captain723 Posted March 2, 2008 Share Posted March 2, 2008 I'm all for the U.S. getting some of that Irag oil, I think it's assinined that we don't.We can agree there. :beerchug: I thought Irac oil was supposed to pay for the war??? It is paying for bush's presidency, so the American people are losing and our money is still going to rebuild? I would like to know what someone ho voted for him once thinks....not to mention someone who voted for this asswhipe twice!! Never mind...I don't want an opinion who made the same mistake twice! Quote Link to comment Share on other sites More sharing options...
Furious1Auto Posted March 2, 2008 Share Posted March 2, 2008 (edited) I thought Irac oil was supposed to pay for the war??? It is paying for bush's presidency, so the American people are losing and our money is still going to rebuild? I would like to know what someone ho voted for him once thinks....not to mention someone who voted for this asswhipe twice!! Never mind...I don't want an opinion who made the same mistake twice! I voted for him the second time based on his position on Iraq, but you have to remember that he was elected for his second term in 04'! He did not begin attacking the working class till 05' That is when he tried to freeze company pensions, tried to privitize social security, signed CAFTA and all of the other anti blue collar legislation. I did and have always agreed with the war, but I have no tolerance for attack the middle class and creating a welfare state! Edited March 3, 2008 by Furious1Auto Quote Link to comment Share on other sites More sharing options...
OX1 Posted March 2, 2008 Share Posted March 2, 2008 (edited) I don't know if lowering the speed limit it is "a dumb idea," but at least it would get enough people to do something about this problem. Anything that would hamper the oil company's profits will likely raise a red flag and they will likely make moves to stop this gouging. Furthermore, if the signal was sent that less oil would be being used, these speculators will dump their holdings and cause a pullback on prices. Just as the psychological factors of "geopolitical concerns" drive up the prices, so too would the psychological factors of a lower speed limit and the perceived consequences of lower energy use. Right now, they are trying to take tax breaks away from the oil companies. Granted the oil companies do not need a break with $50billion profits, but they would use it as an excuse to charge even more for the price of gasoline. Less oil is being used (inventories up 10% since beginning of Jan), speculators keep on plowing along. Hope they get burned big time. "The U.S. Energy Information Administration reported on Wednesday that crude inventories grew more than expected, rising 3.2 million barrels to stand at 308.5 million barrels in the week ended Feb. 22. The U.S. is the world's largest consumer of oil. Crude inventories have been on the rise since the beginning of January and have increased by nearly 30 million barrels." http://www.marketwatch.com/News/Story/Stor...=Futures+Movers Edited March 2, 2008 by OX1 Quote Link to comment Share on other sites More sharing options...
Trimdingman Posted March 2, 2008 Share Posted March 2, 2008 more dumb ding bat mathactually....... 1 US gallon = 3.7854118 litres I thought it was exactly 4 litres. You learn something new every day. The Canadian gallon is bigger. I believe that it is 4.535 liters. Anyway, to-day the price of gas is $1.04 Canadian per litre. That is over $4.00 US per US gallon, which was the original point. (No offence intended. I was not referring to your pointy head. How are all the critters? Are you keeping them happy?) Quote Link to comment Share on other sites More sharing options...
fmccap Posted March 2, 2008 Share Posted March 2, 2008 Less oil is being used (inventories up 10% since beginning of Jan), speculators keep on plowing along. Hope they get burned big time. "The U.S. Energy Information Administration reported on Wednesday that crude inventories grew more than expected, rising 3.2 million barrels to stand at 308.5 million barrels in the week ended Feb. 22. The U.S. is the world's largest consumer of oil. Crude inventories have been on the rise since the beginning of January and have increased by nearly 30 million barrels." http://www.marketwatch.com/News/Story/Stor...=Futures+Movers It's the value of the dollar not supply and demand. Look at everything around you and you see all prices going up. Quote Link to comment Share on other sites More sharing options...
Critic Posted March 2, 2008 Share Posted March 2, 2008 I thought it was exactly 4 litres. You learn something new every day. The Canadian gallon is bigger. I believe that it is 4.535 liters. Anyway, to-day the price of gas is $1.04 Canadian per litre. That is over $4.00 US per US gallon, which was the original point. (No offence intended. I was not referring to your pointy head. How are all the critters? Are you keeping them happy?) 1 U.S. Gallon = 0.83267 Canadian (Imperial) Gallons 1 Can Gallon = 1.201 U.S. Gallons 1 U.S. Gallon = 3.785 Liters 1 Can Gallon = 4.546 Liters Quote Link to comment Share on other sites More sharing options...
Captain723 Posted March 2, 2008 Share Posted March 2, 2008 I voted for him the second time based on his position on Iraq, but you have to remember that he was elected for his second term in 04'! He did not begin attacking the working class till 05' That is when he tried to freeze company pensions, tried to privitize social security, signed CAFTA and all of the other anti blue collar legislation. I did and have always agreed with the war, but I have to tolerance for attack the middle class and creating a welfare state! I agree with the war also...I also believe there should have been more participation from other countries. Thye have just as much if not more to lose than we do. Also...the oil was supposed to be used to pay for the war....when is that money coming back to US? Probably already has....in bush's bank account!! Quote Link to comment Share on other sites More sharing options...
Furious1Auto Posted March 3, 2008 Share Posted March 3, 2008 I agree with the war also...I also believe there should have been more participation from other countries. Thye have just as much if not more to lose than we do. Also...the oil was supposed to be used to pay for the war....when is that money coming back to US? Probably already has....in bush's bank account!! I read an article at a Link another BOF user posted that said the X billion dollars of their oil profits are sitting in a bank in NYC. I wish I could find the sight, it cited specifically how much money of theirs we are holding and in what bank! Quote Link to comment Share on other sites More sharing options...
gbg49229 Posted March 3, 2008 Share Posted March 3, 2008 You're calling someone out over .22? Back to the school of make believe for you. that is what you learn when you get a "master" degree. Quote Link to comment Share on other sites More sharing options...
dark270 Posted March 3, 2008 Share Posted March 3, 2008 that is what you learn when you get a "master" degree. boy, you sure do lie a lot ! "im not going to respond to him anymore" WHAT A POS!(for you non ford employees, that is PIECE OF SHIT!) Quote Link to comment Share on other sites More sharing options...
mrballsonya Posted March 3, 2008 Share Posted March 3, 2008 $4 a gallon gas will happen, and the rich will get richer. Fairly soon after that, the huddled masses will get organized, and take our country back, Back from the iron grips of faceless corporations and crooked politicians. Why? Because the majority can only be oppressed for so long. History has proved this. Don't worry... They can't constantly rape you. Eventually you'll deliver them that collective "shank" in the eye. Quote Link to comment Share on other sites More sharing options...
zoomerjrt Posted March 3, 2008 Share Posted March 3, 2008 $4 a gallon gas will happen, and the rich will get richer. Fairly soon after that, the huddled masses will get organized, and take our country back, Back from the iron grips of faceless corporations and crooked politicians. Why? Because the majority can only be oppressed for so long. History has proved this. Don't worry... They can't constantly rape you. Eventually you'll deliver them that collective "shank" in the eye. Not sure if you all know a good site to watch the price of crude www.nymex.com great site. right now its at $103.80 here comes $4plus Quote Link to comment Share on other sites More sharing options...
kpc655 Posted March 3, 2008 Share Posted March 3, 2008 (edited) http://www.iht.com/articles/2008/02/27/business/26gasweb.php Oil hits a high; some in U.S. see $4 gas by spring By Jad Mouawad Published: February 27, 2008 Gasoline prices, which for months lagged the big run-up in the price of oil, are suddenly rising quickly, with some experts fearing they could hit $4 a gallon by spring. Diesel is hitting new records daily and oil closed at an all-time high on Tuesday of $100.88 a barrel. The increases could not come at a worse time for the economy. With growth slowing, high energy prices that were once easily absorbed by consumers are now more likely to act as a drag on household budgets, leaving people with less money to spend elsewhere. These costs could exacerbate the nation's economic woes, piling a fresh energy shock on top of the turmoil in credit and housing. "The effect of high oil prices today could be the difference between having a recession and not having a recession," said Kenneth Rogoff, a Harvard University economist. how about we lower the gas taxes. the state & fed government pull in rougly 68 billion every year from gas taxes. 60% is making it back to highway/bridge work..the rest goes to....???? lets not fault the oil companies for doing their jobs. if we cut out the 40% in BS government taxes we could see an overnight cut in gas prices of app. 0.20. build some new refineries and start drilling domestically and we can pad the impact of foreign demand to our prices, further reducing the price. average tax (state and feds) - 0.47 app. 400mil gallons sold per day Edited March 3, 2008 by kpc655 Quote Link to comment Share on other sites More sharing options...
Furious1Auto Posted March 3, 2008 Share Posted March 3, 2008 how about we lower the gas taxes. the state & fed government pull in rougly 68 billion every year from gas taxes. 60% is making it back to highway/bridge work..the rest goes to....???? lets not fault the oil companies for doing their jobs. if we cut out the 40% in BS government taxes we could see an overnight cut in gas prices of app. 0.20. build some new refineries and start drilling domestically and we can pad the impact of foreign demand to our prices, further reducing the price. average tax (state and feds) - 0.47 app. 400mil gallons sold per day The fuel taxes have been in place for some time, it is the refinnaries gouging us. I take it you own stock in Exxon? Quote Link to comment Share on other sites More sharing options...
zoomerjrt Posted March 3, 2008 Share Posted March 3, 2008 The fuel taxes have been in place for some time, it is the refinnaries gouging us. I take it you own stock in Exxon? How about taking back the 14billion dollar tax cut Bush gave the oil companies last year? Quote Link to comment Share on other sites More sharing options...
Furious1Auto Posted March 3, 2008 Share Posted March 3, 2008 How about taking back the 14billion dollar tax cut Bush gave the oil companies last year? Yeh, and eliminating the one he wants to give them now! Quote Link to comment Share on other sites More sharing options...
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