CNN Projects Gas Prices Rising to $4.25 to $5 a Gallon
By Tim Graham | January 29, 2012 | 08:26
When gas prices get high, politicians love to blame the financial speculators for driving the price up. On Saturday morning, CNN's Josh Levs reported that "we have analysts telling us to get ready for national average around $4.25. That's spring. Summer, that's when it could go higher, $5 could happen in some cities."
What might high gas prices mean for the 2012 campaign? Or how might the fears of high gas prices drive government policy? Will Team Obama really go easy on upsetting Iran to avoid scaring up oil prices?
CHRISTIE PAUL, anchor: Well, get ready to shell out even more at the gas pump. And please don't hurt me because I'm telling you what it says. I'm not doing it on purpose. Gas prices may spike to an all-time high. I know you're cringing. I'm cringing. Analysts say it could top $4 a gallon. That's the average. Josh Levs to talk us through. So what the heck is going on?
JOSH LEVS, CNN CONTRIBUTOR: Always the bearer of good news. We talked earlier that analysts are saying Chicago and other places could potentially see $5. It's unbelievable what we're talking about. So here's the basic idea. You know what's spiking gas prices? Think of gas prices as like a dartboard. It catches a lot of the stories.
In 2011 we had the highest average for the year ever. Let's break this down, what's happening to your money. This is what determines gas prices here. The biggest factor by far is crude oil, just how much of this dollar goes to crude ferries. Next, you have refining. That's where the oil companies make a lot of their money. And then distribution and marketing, that includes what the gas stations make. Finally, taxes. Those vary by state. That's where the dollar goes now.
What's driving prices up? You've about got a bunch of factors that come together to make that happen. Some, of it is increasing demand from many countries with growing populations and middle class, or where economy has been recovering.
Also instability in oil producing nations places like Libya, Yemen, Syria, that led to less oil production. So you've got supply and demand playing out. There are other values playing out, the value of the dollar and speculation where people are buying up oil futures. Those can affect the prices.
The government says 2012 could be even more eventful. And one big reason there is Iran. Many countries are embargoing its oil. Iran is threatening to close the Strait of Hormuz. About a fifth of the oil today worldwide goes through there. So if U.S. and other countries keep seeing economic growth, more people driving on the streets, we'll need more gas lines. I'll have more on my Facebook page. So we're talking about a perfect storm that could come together.
PAUL: Just hit us with it. I mean give us a number so we know what to expect. And I know that it's hard to do that because you're prognosticating, but what are you hearing?
LEVS: I will say some analysts are a little more hopeful that prices could actually come down, but when you look at what the national average is expected to be, we have analysts telling us to get ready for national average around $4.25. That's spring. Summer, that's when it could go higher, $5 could happen in some cities.
PAUL: I think I'm staying home this summer.
LEVS: More people might do it.
It should be said that the media have projected about 23 of the last three oil price hikes over the last few years, so add a grain of salt. But even the fear of higher prices causes a political ripple.
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Comments
Oh, Geez....
Submitted by DumbCanuck on Sun, 01/29/2012 - 9:03am.
If only we could get gas that cheap!
We're paying (locally) apr $4.62 equivalent per US gallon today! Right Now! (I based the calculation assuming the exchange rates are at par.)
We're told to expect the price to go as high as $1.35 per litre by the spring/summer, which works out to apr $5.12 per US gallon.
And our local gas prices are relatively cheap compared to other major centres in Canada.
All I'm saying is that $5/gal gas is not that far-fetched. Be ready for the shock.
"There... Are... Four... Lights!"
Well, DC, we're always being
Submitted by motherbelt on Sun, 01/29/2012 - 9:15am.
Well, DC, we're always being told that we have it too easy; that everyone else pays WAY more for gas than we do, so this is only justice!
3.8 Liters of gas in Canada...
Submitted by Unsane on Sun, 01/29/2012 - 11:26am.
How much of Canada's gas prices has to do with taxation?
"CONSUMED DEMOCRACY RETURNS A SOCIALIST REGIME" - Slayer, "Fictional Reality", from Divine Intervention (1994)
Will Team Obama really go
Submitted by motherbelt on Sun, 01/29/2012 - 9:05am.
Will Team Obama really go easy on upsetting Iran to avoid scaring up oil prices?
You can count on Team Obama to study the problem carefully and do what is best for Obama.
Because when a guy repeatedly says "This is not about me" you can bet your last dime, it's about him.
It's All
Submitted by bmacdmac on Sun, 01/29/2012 - 12:45pm.
Bush's fault, somehow, someway the Obama team will find a way it's not their boyz fault. This CLOWN we have for a leader is never at fault for anythinfg.
Personally
Submitted by misterbee241 on Sun, 01/29/2012 - 9:39am.
I hope gas hits 10 or 12 dollar a gallon right about memorial day, and stays that way right up to the November election. But, I suppose, Obama will blame it on the republicans and they'll let him get away with it.
2005 CNN Headline - GAS PRICES TO GO TO $6.00
Submitted by rickbren on Sun, 01/29/2012 - 9:40am.
2006 CNN Headline - GAS PRICES TO GO TO $7.00; 2007CNN Headline - GAS PRICES TO GO TO $5.00; 2008 CNN Headline - GAS PRICES TO GO TO $8.00; 2009 CNN Headline - GAS PRICES TO GO TO $10.00; 2010 CNN Headline - GAS PRICES TO GO TO $7.00; 2011 CNN Headline - GAS PRICES TO GO TO $8.00
where is nancy
Submitted by conservative educator on Sun, 01/29/2012 - 9:47am.
pelosi when we need her? remember back in december 2008 (when gas was about $2.00 a gallon) and she was accusing the bush administration of pandering to the oil companies? remember back in 2007 when obama was doing the same? when will she investigate this administration for lying in bed with oil companies?
The upside
Submitted by John Francroix Jr on Sun, 01/29/2012 - 10:34am.
Hopefully high fuel prices will eventually convince consumers to demand alternative energy resources so we can stop making people rich for what we can have for free.
⇒ Frank Whaaah the pioneer
Submitted by Cool Arrow on Sun, 01/29/2012 - 10:47am.
What do you drive? A Prius or a Volt? Those solar panels on your roof, how helpful are they?
By all means, jump out there and dive right into that technology and get back with us on the wonders of energy independence.
Nobody's stopping YOU! Just stop with the "Whaah, I wish everybody else would do what I want them to so I won't look like such a doofus"
You really are a sheeple, aren't you?
Sheeple......cute.
Submitted by John Francroix Jr on Sun, 01/29/2012 - 11:10am.
You mean like sheep, the blind leading the blind? As in continuing to blindly follow a century old technology with growing costs and plenty of uncertainty? You know that big bright spot in the sky that gives us free light? It gives us free energy too, but if you'd rather give your money to the oil industry while complaining about high fuel prices, well that's just dandy. No I don't drive hybrids because they're ugly. And weak. I need hp. But I am looking into a solar panel leasing program for my home.
The holier-than-thou liberal
Submitted by motherbelt on Sun, 01/29/2012 - 11:17am.
No I don't drive hybrids because they're ugly. And weak. I need hp.
But they're good enough for the rest of us, right?
Yeah, sunlight is free; how much do those solar panels cost, and the hardware required to convert it to energy?
Wind is free; how much would a windmill cost, along with the hardware to convert it to usable energy? That's if you can get the eco-wackos to even let you build a bird-killer.
motherbelt
Submitted by ant on Sun, 01/29/2012 - 11:24am.
I guess solar panels are cheap, even if you have a million dollars worth, they're cheap enough for Solyndra to throw brand new ones in the dumpster. But hey, it's just taxpayers money after all.
⇒ It's still a joke
Submitted by Cool Arrow on Sun, 01/29/2012 - 11:27am.
A half-mile down the road, at a residence, is a pole with one of those whirlygigs spinning. I guess the diameter of rotation is about 6" Turnkey was ONLY $15,000.
Owner not all that happy with the results. Seems there's some kind of problem with that selling back excess energy tease.
And this is West Texas where the wind blows all the time.
Holier than thou what?
Submitted by John Francroix Jr on Sun, 01/29/2012 - 11:32am.
What is liberal about demanding cheap energy? Are you so in love with the combustion engine that giving that up for an alternative is just unthinkable? Drive whatever you want, what do I care? I'll take the cheaper option. Do you also turn the heat on every time it gets a little cold, or maybe for free you just toss some wood in the fireplace and get that heat for free?
Hey Frankfaux
Submitted by cocodrie on Sun, 01/29/2012 - 11:44am.
If it ain't broke don't fix it. Everything the federal government touches turns to merde. Go kiss King Merde in the white house while he screws you with lies about greeen energy. Green energy is as valuable as green meat right now.
Jesus Loves You so much He died for you
⇒ Frank Whaaah
Submitted by Cool Arrow on Sun, 01/29/2012 - 11:58am.
Where, in your world, is pre-cut firewood available for free? I want to know, because you must be surrounded by some seriously lazy-a$$ed entrepreneurs who don't see the opportunity to gather that pre-cut firewood and ship it to other parts of the US where consumers are willing to pay real money for it.
Now, if you're claiming there are lots of free dead trees waiting to be cut, you've got me there. Since it's free, I can only assume you know what your effort is worth.
"Demand" is more than "I wish" or to put it in your pitiful terms "hopefully".
Your "demand" for cheaper energy at this juncture isn't even a thinly veiled entreaty to the government for subsidy. And subsidy is nothing more than forced wealth redistribution.
Just when I begin to think you couldn't possibly be as stupid as you present yourself, you prove me wrong.
Heat for free? You are economics-challenged.
Submitted by drsamherman on Sun, 01/29/2012 - 12:05pm.
There is nothing in this world that is free, not even the oxygen you are wasting.
Somebody had to build the fireplace. Somebody has to take the time to get the wood. Somebody has to take time to start and maintain the fire. Somebody had to produce the food capable of powering the humans that did all of that.
Where in the world do you think the technology for "free energy" is going to come? It will be the product of billions of dollars in research, manufacturing and distribution costs and will also cost a consumer to purchase and maintain the vehicle whether by fares in common transportation or individually with personal conveyances.
If you it will be free, you must not have ever had a course in economics.
Actually, Doc - I was
Submitted by killa37 on Sun, 01/29/2012 - 3:16pm.
Actually, Doc - I was thinkin' (Obamaspeak) more along the lines that when you cut down a tree for firewood, you're abusing and raping Mother Nature..........and then when you cut it up, you've got to use a 'fossil-fuel' driven saw (maybe John FrenchFry is a he-man and cuts it all with an axe) - which is another crime against Nature.............and then when you burn it in your fireplace, it actually sucks up oxygen as well as creating a lot of smoke and burnt particles - which is another Nature No-No. So I'm just wonderin' when fireplaces will be outlawed, taxed, regulated,or overtaken by the government.
And I'd like to see a photo of John FrenchFry's high horsepower car - you know, the one with a solar panel on the roof, gathering all that free energy from that big bright spot in the sky?? Obviously, this guy is missing a big bright spot in his mind.
Demand all you want...
Submitted by Unsane on Sun, 01/29/2012 - 1:20pm.
Demanding cheap energy isn't the same as GETTING it. Demand ALL YOU want; but you are demanding something that isn't there. Even your precious solar panels are the result of massive R&D costs which drive up the price. (I'm not even bringing in the government costs, like regulation and subsidies and other issues cause by constant government interference.)
The problem, ultimately is your abysmal understanding of economics. You think that "cheap energy" is there for the asking. Not so.
One of the cheapest ways to get energy is via nuclear fission, but Leftists like you SCREAM whenever that idea is seriously discussed. The expensive part in nuclear energy is building the reactor, but once that is done, reactors are cheap to run.
There's also coal. which is relatively cheap as the United States is the Saudi Arabia of coal. But Leftists hate that idea as well.
There's natural gas, but look at the obstacles government throws up in the way of that.
Then there is wind and solar, but those sources of power, in spite of His fetish with them, are fraught with all sorts of practical obstacles.
Of course people want to use less fuel. If not, why has there been a constant, unrelenting push by companies such as Boeing to build more and more fuel-efficient aircraft?
"CONSUMED DEMOCRACY RETURNS A SOCIALIST REGIME" - Slayer, "Fictional Reality", from Divine Intervention (1994)
The government
Submitted by ahusser on Sun, 01/29/2012 - 6:41pm.
is funding a "green" experiment with geo thermal power (in Utah?) to the tune of 1/2 (approx. 22 million dollars of stimulus-tax payer- money). The lead investor to the tune of 6 million is ultra lefty Google. The other investors are unnamed. This came out the a day or two before Obama nixed the Keystone pipeline project. Right now our economy can not run on alternative energy. Very high gas prices will throw us back into recession quicker than you can say recession. Liberals cannot make the connection between disposable income, jobs and economic growth. They believe economic growth comes from government spending. So Obama nixed a pipeline project and had an embargo on offshore oil. Alternative energy which probably can help with our total energy needs cannot replace fossil fuels.
"Somehow, I told you so, just doesn't quite say it." Will Smith in 'I, Robot.'
mb....windfarms
Submitted by Blonde on Sun, 01/29/2012 - 12:55pm.
We passed by a dandy in Chiapas, Mexico.
Built with our dollars (a half a billion of them), of course (via the UN). Lovely thing it was, too.....acres and acres of them, about 70% pointing in any old direction and not turning.
Seems they require mucho maintenance.
Handy Reference Guide to Obama's Gaffes and Goofs ~ Currently Numbering 138 (and Counting)
Kamoa
Submitted by Unsane on Sun, 01/29/2012 - 1:22pm.
The Kamoa Wind Farm in HI looked much the same to me.
"CONSUMED DEMOCRACY RETURNS A SOCIALIST REGIME" - Slayer, "Fictional Reality", from Divine Intervention (1994)
⇒ Yeah, sheeple
Submitted by Cool Arrow on Sun, 01/29/2012 - 11:19am.
I didn't want you scurrying off, getting lost in cyberspace, trying to figure out what a lemming is, so I went with sheeple.
Solar panels have been available for years, Jimmy Carter promised to have them installed atop the WH but never did.
I'm betting your comment "I am looking into a solar panel leasing" is little more than a salve you apply to your liberal guilt.
Like I said. Get back to us when you've got more than "Please do what I want so I won't be the only person losing his a$$ on pipe dreams!"
CA, sheeple fer sure!
Submitted by Blonde on Sun, 01/29/2012 - 1:00pm.
Here's a picture of Frank Waaaah.
Handy Reference Guide to Obama's Gaffes and Goofs ~ Currently Numbering 138 (and Counting)
Certainty? You mean the
Submitted by ant on Sun, 01/29/2012 - 11:22am.
Certainty? You mean the certainty of at least two large solar companies receiving 'stimulus' cash but going bankrupt anyway? Well, the chief executives 'certainly' got their bonuses anyway, and now I hear one executive may become part of the Obama administration. If that was Bush, you'd be screaming bloody murder and you know it.
Re to John Francroix: It's all about economics
Submitted by Kingfish17 on Sun, 01/29/2012 - 11:31am.
When an alternative to oil based energy becomes less expensive, then the free marketplace will run to that alternative. The first part of your original quote, "Hopefully high fuel prices will eventually convince consumers to demand alternative energy resources....", is irrefutable, except for the hope part. Hope will have nothing to do with it. Consumers will move to alternative energy resources when current fuel prices become high enough to cause that move. We don't know what that alternative energy resource will be until it happens. Governments can't and shouldn't artificially raise prices on one type of energy and reduces prices on another type of energy at the whim of the elite in charge. Picking winners and losers has nothing to do with sound economics. Picking winners and losers is designed to reward political supporters and pay off your friends and constituents.
The second part of your original statement is ludicrous, at best: ".....so we can stop making people rich for what we can have for free." About the only thing free you're going to get from the sun is a tan and vitamin D. Even if we have sun powered cars, somebody is going to make some money from coming up with the means to make those vehicles.
You strike me as the type of person who would bitch and complain at the profits I would make if I invented a pill that increased everybody's lifespan by ten years, and I charged them $1.00 per pill, and I made five billion dollars by selling everyone in the world a pill. Your ilk would say I made too much money.
Let the free market decide where the next source of energy comes from. Your central planning communist ideology will not discover the next most economical source of energy. It only enslaves people and causes misery.
"You can’t go take a trip to Las Vegas...on the taxpayer’s dime." Barack Obama
⇒ Kingfish
Submitted by Cool Arrow on Sun, 01/29/2012 - 11:38am.
Such is the problem with modern medicine. "It's your fault, big pharma and big medicine, that we live longer so you need to treat us for free!"
Frank Whaah also ignores a much simpler solution. Move to a more tropical clime and make sure you locate within walking distance of your employment.
Instead, Frank Whaah wants his environment handed to him wherever he goes.
Cool: Funny thing you should mention that!
Submitted by drsamherman on Sun, 01/29/2012 - 12:00pm.
Patient behavioral studies in health services research have produced some rather interesting results about American consumers and health care:
1) Americans will not take medications which are offered for free as they see no therapeutic value in them - they see all free goods as somehow damaged or non-contributory towards health improvement. A co-payment, even a small/nominal one ($1 to $4), changes this behavior because as one researcher put it at an APA conference several years ago in a sporting metaphor, "...suddenly when they have skin in the game the goal seems worth it...". It makes us physicians agree that if we did the same thing to our side of the argument (physician services), that we would see a disastrous follow-off of patients who perceive no value in having a physician monitor their health.
2) One of the big drivers for pharma to continue research into an area which is supposedly "settled science" (to use the liberal's idiotic AGW-speak) is to address the side-effect profile of earlier medications. As those older medications were more widely used, better pharmacovigilance (the area that monitors for side effects) and better reporting told us a number of those older medications were useful but required heavy monitoring at some of the doses being used. Newer drugs allow us to use a lower dose, improve the safety profile and improve patient adherence when those side-effects are reduced or eliminated.
3) The biggest technology gains come at a price because, as you noted, they do come with vastly improved results. Difficult to treat autoimmune disorders ranging from rheumatoid arthritis, lupus, serious forms of ulcerative colitis/Crohn's disease and moderate to severe psoriasis have proven a great benefit to society by increasing productivity, quality of life and in some cases, life expectancy. The recent passage of legislation allowing for biosimilars (essentially generic products of biologicals like Humira, Enbrel, Remicade, etc.) will vastly drop the price of these agents as they drop off patent.
4) The advances in newer, "atypical" antipsychotics has proven a lifeline to patients with severe, treatment-resistant forms of depression, bipolar (manic depressive) and obsessive-compulsive disorder. They have also revolutionized the treatment of dissociative disorders (schizophrenia) by reducing some of the more harrowing side-effects from older medications and thus reducing the risk. The same can be sad of the more advanced generation antidepressants and medications used for migraine headache and post-operative nausea/vomiting and post-chemotherapy/radiation therapy nausea/vomiting.
All improvements come at a price. Tranny-swab seems to forget progress is never free.
⇒ Thank you Doctor
Submitted by Cool Arrow on Sun, 01/29/2012 - 12:14pm.
Human behavior amazes me. I saw one of those "I am ObamaCare" pictures the other day - 34 yr. old woman, blah blah, couldn't afford healthcare, blah blah, uterine tumors, couldn't buy insurance with pre-existing cond. Praised be to Obama. suddenly she's saved.
Maybe it happened just as she said, she played roulette and got lucky. But now she finds it necessary to expose me for a sucker because I've paid for coverage for the last 40 years.
She and Tranny Swab want something for nothing. We're going to see some dismally diminishing returns from here. The government is stepping in to ensure current treatments remain standard, and advances are not worth the risk.
John Francroix Jr LIES again. Right through his green teeth.
Submitted by The Vet on Sun, 01/29/2012 - 11:43am.
John Flabbycrotch Jr: You know that big bright spot in the sky that gives us free light? It gives us free energy too,
It cost money to HARNESS that free energy too. Just as it cost money to drill and refine that free energy in the underground oil deposits.
Liar.
Cost per watt --
Coal: Production cost of a kilowatt-hour without carbon capture: 6.5 cents
Nuclear: Production cost of a kilowatt-hour: 7.5 cents
Wind: Production cost of a kilowatt-hour: 9.3 cents
Biomass: Production cost of a kilowatt-hour: 7.5 cents to 8.8 cents
Solar thermal: Production cost of a kilowatt-hour: 17.9 cents
Solar photovolcaic (thin film): Production cost of a kilowatt-hour: 24.6 cents to 31.5 cents
Lying troll. up yours.
Frenchie...
Submitted by Unsane on Sun, 01/29/2012 - 11:48am.
Actually I rather like the oil industry that you hate more than any other industry in the world (as is seemingly a requirement to be a Leftist). Study some economics sometime. There is NO such thing as a free lunch as YOU YOURSELF point out! First you state that the sun gives us energy ONE HUNDRED PERCENT FREE!!!!!!!!!!!!!!!!! "IT'S FREE ENERGY!!!!!!!!", you proclaim, and then end your post with "I am looking into a solar panel leasing program for my home". Last I checked, when you lease something, YOU PAY FOR IT. So much for this "free" energy you are so giddy about...
I will continue giving my money to the EVIL oil industry knowing about concepts that escape you like "supply" and "demand", knowing all the while that there are many things we could be doing to increase supply to meet the demand, like exploring the measly 2% of ANWR that would be used to drill for oil or completing the Keystone pipeline project so that it connects Canada's tar sands with ND's fracking operations and on south to Cushing, OK and Houston, our ruler doesn't want to do these things because of His fetish for phantom "clean energy", so we are screwed. And He wants it that way.
"CONSUMED DEMOCRACY RETURNS A SOCIALIST REGIME" - Slayer, "Fictional Reality", from Divine Intervention (1994)
"..what we can have for free"
Submitted by Dave the mailman on Sun, 01/29/2012 - 11:15am.
Yeah, since solar is free: Solyndra was SO profitable 'cause those solar panels practically reproduce themselves.
And those Chevy Volts are selling like hotcakes since they're SO cheap without the gov't subsidy. And since the libtards never work, therefore never pay taxes, the govt subsidy was free, too.
Let me guess, ...you're one of the 40-sumthin percent who pays no taxes?
Upside??
Submitted by jon_torlin on Sun, 01/29/2012 - 11:15am.
You, sir(and I use that term loosely), are an IDIOT!
Any of you people who want to get something else besides oil are IDIOTS of the highest order. You think only gasoline/fuel comes from oil yet for some reason that confounds me, you don't seem to get that we get a TON of stuff from oil, not just gasoline/fuel.
I'm not one to normally flame people, but I get sick and tired of this ignorance(deliberate or otherwise). Without oil, we might as well be living in the pre-industrial age.
And you of many identities of variations of Kennedy, if you are so damn convinced that you need something else besides oil, then you best turn your PC off, throw it away, sell your house, make your own out of tree branches, and live like someone who doesn't use oil. You won't last the night.
Good god, how can anyone be that stupid to want alternative sources besides oil? I blame the edumakashun system.
-Jon
jon
Submitted by ant on Sun, 01/29/2012 - 11:34am.
Frannie can't tolerate facts. They get in the way of feeling good and that smug sense of superiority. Kind of like Occutards that shriek about 'corporations' but shut down the poor waitress at a coffee shop and go brag about it on their corporate-built computer made from petroleum products, while donning their slogan t-shirts printed with ink made from petroleum product with their Guy Fawkes' mask made from petroleum product.
For the economics-deficient Frenchie
Submitted by Unsane on Sun, 01/29/2012 - 11:34am.
Your understanding of the economy is very abysmal, to say the least. I drive an electric vehicle frequently, powered by coal, natural gas, and nuclear energy. And some wind. But it never, ever gets faster than, say, 15 mph, and is good at hauling 2-3 tons of goods. The battery alone is close to a ton. No one will be commuting in those anytime soon.
And ABSOLUTELY NOTHING Is free. There is NO such thing as a free lunch. Even solar power will cost money, somewhere, somehow. Every single energy source costs money.
"CONSUMED DEMOCRACY RETURNS A SOCIALIST REGIME" - Slayer, "Fictional Reality", from Divine Intervention (1994)
⇒ I used to own an electric vehicle
Submitted by Cool Arrow on Sun, 01/29/2012 - 11:41am.
It comfortably carried me, a friend, and two sets of clubs. But I got tired of the trail fees so I sold it. Now I walk, or rent.
Meanwhile
Submitted by Blonde on Sun, 01/29/2012 - 12:52pm.
Gas in Mexico is $2.40 a gallon. Still.
Handy Reference Guide to Obama's Gaffes and Goofs ~ Currently Numbering 138 (and Counting)
obama will own
Submitted by gr29az on Sun, 01/29/2012 - 10:47am.
obama will own this one. just like the occupy bowel movement
It is really amazing that
Submitted by WarEagle66 on Sun, 01/29/2012 - 11:14am.
It is really amazing that Bush was blamed for the $2 gas.
But now that the LamestreamMeadia has its boy in office....not a word.
Quite telling what Levs
Submitted by Reaver on Sun, 01/29/2012 - 11:50am.
Quite telling what Levs didn’t talk about in his list of things that affect the price of gasoline, Obama, federal energy policy, Keystone XL pipeline, drilling moratorium. Yes in 2008 the theme was gas prices hit record highs and Bush isn’t doing enough to stick it to his friends in the oil business, if these predictions hold true expect the theme for 2012 to be gas prices hit record high and there is nothing Obama can do about it. Obama, the participation ribbon president.
"necessarily skyrocket"
Submitted by Dan Diego on Sun, 01/29/2012 - 12:06pm.
Another campaign promise kept.
Skyrocketing Fuel Prices
Submitted by Kingfish17 on Sun, 01/29/2012 - 12:24pm.
Obama had another campaign promise, and that was that he would facilitate the redistribution of wealth. Mellon head takers who lined up in droves to vote for this snake-oil salesman thought that Obama was talking about getting them a few bucks, but little did they know that the redistribution was primarily aimed at getting Obama's backers the big payoff.
The folks at Solyndra come ever so close to hitting their HUGE payday. But their dreams of an IPO and big bucks fell just a little short. If only gasoline and other fuel prices had skyrocketed just a little bit higher, then maybe Solyndra could have stayed in business just a little bit longer, and with the help of Obama's connections on Wall Street, backed by the purchasing power of the labor union and state backed pension funds, Solyndra could have floated their IPO and the insiders at Solyndra could have hit it really big, instead of just getting the paltry millions in salary that they were making.
But at least they had their liberal lawyers subordinate the monetary interests of the United States taxpayers to their own original investments.
Hey, a statist liberal is allowed to dream of hitting it big, aren't they?
"You can’t go take a trip to Las Vegas...on the taxpayer’s dime." Barack Obama
OIL GLUT..
Submitted by upcountrywater on Sun, 01/29/2012 - 1:36pm.
Malaise take 2.... Reagan released the BIG OIL and the prices dropped to 12 bucks a barrel. In G.W. Bush book Decision Points, At the time Bush was an oil man and the competition in the oil fields kept dropping the price on crude, funny thing Bush was ticked about that...
So there are 20,000 jobs waiting for a pipeline construction job.... How many millions of jobs will be created when that oil flows non-stop out the end of that pipe, for years and years and years.
Export more gasoline, drop the price world wide...That's the best way to get rid of Conflict Oil.
40,000 times more energy is produced by Coal, Oil, and Nuclear... than all the other wind PORK and sun PORK, toy squishy play hobby joke projects.
O'bama 0% capital gains @4:58 and so much more.
Already exporting gas
Submitted by jon_torlin on Sun, 01/29/2012 - 3:40pm.
Aren't we already exporting gasoline as it is? I suspect that's one(not the only one) of the reasons why gas prices are still so high, not enough of it sticking around locally to pile up to reduce the price. I forget where I heard about it, but it was patently absurd that it was happening.
-Jon
In Obamaville, 'patently
Submitted by killa37 on Sun, 01/29/2012 - 3:48pm.
In Obamaville, 'patently absurd' is the new 'normal'.
The free market sucks now?
Submitted by The Vet on Sun, 01/29/2012 - 4:24pm.
We have a glut of gasoline because the United States is in a recession and demand has not bounced back. The alternative to exporting gasoline is to shut down some refineries and lay off workers. Are you advocating that?
Not at all
Submitted by jon_torlin on Mon, 01/30/2012 - 11:59am.
I was actually wondering how much we were exporting them at, ie the price we charge whoever to buy the exported gasoline. I keep wondering if it was being sold cheaply despite the price at the pump. It should be that it's sold at a higher price to foreign interests and a lower price locally.
And it wasn't too long ago that we were importing gasoline from other countries.
-Jon
How about we do something drastic?
Submitted by Kingfish17 on Mon, 01/30/2012 - 5:23pm.
When it comes to selling and end product like gasoline, how about "we" do something drastic and allow the owner of the gasoline to sell it to whoever they desire, at whatever price they desire?
"You can’t go take a trip to Las Vegas...on the taxpayer’s dime." Barack Obama
Yea jon we are, and at present refinery output, we shall
Submitted by upcountrywater on Sun, 01/29/2012 - 5:22pm.
continue export more.
Here in Asia, Maui... We receive most of our supplies via surface freight, through one state owned unionized inter-island company Young Brothers, The freight volume has dropped off by almost 50% from 3 million tons a year in 2006 to 1.2 million now.... So what does the state owned company do to keep the hundreds of employees paid $144,000 for fork lift operations, hummm democrats? Instead of laying off workers because of less work busting pallets and smashing freight, they raise the freight shipping costs by 30% in one week.
O'bama 0% capital gains @4:58 and so much more.
Hell, we've been paying that
Submitted by killa37 on Sun, 01/29/2012 - 3:21pm.
Hell, we've been paying that price over here in the Asian country of Hawaii for years - at least for the whole period of time since Boy BlahBlah was crowned. And, since he's 'kicked some ass' and 'stomped his boots on the throat' of oil production here in the USA, and 'invested' in Brazilian oil, and sent the Canadian oil to China.............I'm not too optimistis that our fuel prices will even stay in that range anymore.
I can't tell you the last time my truck was topped off - it's over $100 to fill it, and over here in Obamaville, I might need some of that C-note to buy some lunch.
Not so fast
Submitted by Unsane on Mon, 01/30/2012 - 12:00am.
It seems that Canada is having its own problems selling its oil to the world's biggest scapegoat (that would of course be China). Check out some recent editions of The Economist sometime. And the Canadians are facing the same usual suspects that we in the United States do whenever anything oil-related comes up.
Canada selling oil to China isn't as apple-pie easy as the shriekers on NB would have us believe.
"CONSUMED DEMOCRACY RETURNS A SOCIALIST REGIME" - Slayer, "Fictional Reality", from Divine Intervention (1994)
I'm sure that there are a lot
Submitted by killa37 on Mon, 01/30/2012 - 12:19am.
I'm sure that there are a lot of 'do-gooders' in Canada just ready to jump into any fray and complicate it, just like we have in the lower 57. But it appears that China will do business with whoever they can, when it comes to handling their 'national interests', which is more than I can say about the USA and our 'leaders', to whom our 'national interests' seem to be the exact opposite of what we might think they are.
I'll say one thing for China - they do it 'their way', and they don't seem to give a rat's rear end about what somebody else has to say about it. And I don't think that they have problems with illegal aliens - aside from having to keep close tabs on the amount of country people there are trying to move to the cities.............and I know that they don't have a problem with moooooooooslems. and the moooooooooooooooslems know it!!! Once again, I don't see that happening here.
Observations
Submitted by Unsane on Mon, 01/30/2012 - 2:21am.
To me, China looks like America during the Gilded Age (just in terms of economy and where it is in its development, not, say, government).
And if people in AB have any sense, they'd build BOTH pipelines to Asia and to the United States. Why not sell your oil to as many customers as possible? (From a logistical standpoint, to me it would make more sense for the world's biggest scapegoat to tap oil resources geographically closer to it to reduce transport costs, rather than bother with oil resources across the Pacific, but that's just my reading of the tea leaves.)
I tire of the shrieking about China. IF, IF, IF, we get the damned government out of the way, reduce taxation and cumbersome regulation, and do the right things, China will never catch up to the United States. But that means we as Americans have to make some tough choices (like forcing our politicians to buckle down and make for a more efficient state on every level of government) and do what we can to improve our situation - not sit on our hands, crying "Woe is me" about frickin' China or anyone else. F*** CHINA.
"CONSUMED DEMOCRACY RETURNS A SOCIALIST REGIME" - Slayer, "Fictional Reality", from Divine Intervention (1994)
Good post, Un.......and I'll
Submitted by killa37 on Tue, 01/31/2012 - 12:37am.
Good post, Un.......and I'll say one more thing. You remember that Boy Barry said he wished he was president of China, so that he wouldn't have to go through our own constitutional proceedings?? (Well, he's skirting them anyway, but that's another conversation). I'm sayin' (Obamaspeak) that China wouldn't put up with Boy Barry's agenda or vision for ONE WEEK - and that's being generous!!! Those people ARE trying to 'move forward'........they're not stupid, and they know what is going on in other parts of the world, while Boy Blunder is purposely trying to make us 'move backwards'...........and he proves it on a continual and never-ending basis.
$5 gal gasoline. Tom Friedman
Submitted by Gary Hall on Sun, 01/29/2012 - 5:08pm.
$5 gal gasoline?
Did anyone hear Tom Friedman catch Tom Friedman jumping up and down, up and down, up and down, squealing - Oh goody, oh goody, oh goody, oh goody -- Weeeeeeeeeeeeeeeeeeeeeeeeeeee!
(;~/ gary
Recall
Submitted by ahusser on Sun, 01/29/2012 - 7:00pm.
The double whammy of high gas prices and the stock market collapse right before the election in '08. McCain/Palin had just (for one week) passed Obama in the polls. Voila stock market collapse and housing market expose's. At that time I smelled market manipulation (billionaire Soros financial specialty-shorting- came to mind). I don't think gas prices will rise much before the election as Obama would certainly NOT benefit.
"Somehow, I told you so, just doesn't quite say it." Will Smith in 'I, Robot.'
PS I realize
Submitted by ahusser on Sun, 01/29/2012 - 7:01pm.
this is a tinfoil moment. mea culpa.
"Somehow, I told you so, just doesn't quite say it." Will Smith in 'I, Robot.'
I'm thinking those unemployment numbers will start
Submitted by Radical1979 on Sun, 01/29/2012 - 7:06pm.
looking pretty good between now and November too.
Does anyone else notice that we don't hear much about inflation, yet we're seeing it explode?! Amazing how that's kept underwraps (officially anyway).
Gas is still high
Submitted by ahusser on Sun, 01/29/2012 - 7:53pm.
and hurting the recovery. Disposable income is pinched when you have to fill your tank at a premium. The Peoples Republic of Maryland, unfortunately where I live, wants to raise gasoline taxes (again).Fresh produce and meat are high(er). I think the CPI excludes energy. (LOL). The left (when they can't manipulate price blame the "greedy" oil companies rather than their own policies for high energy prices. Soros could now reverse course and short oil and buy stocks. In the short run I think he can affect prices. Since I think he is heavily involved in owning Brazilian Oil shorting would just be seen as a hedging tactic for what he already owns/controls.
"Somehow, I told you so, just doesn't quite say it." Will Smith in 'I, Robot.'
What the media tells us versus reality
Submitted by Unsane on Mon, 01/30/2012 - 12:05am.
You know, I've thought about that quite a bit too. I know that inflation has taken off - anyone who goes grocery shopping can see that. One easy cure is to make the most of oil supplies from either ourselves or from not to distant neighbors like Canada. But His Majesty The Shahinshah has His incurable fetish for "clean energy", so no, we can't go looking for oil.
Do people REALLY need to be told by the news media how to think of the economy when they see things like the price of gas or the prices of things going up and up and up when all the while people still can't easily offload their homes to go to other parts of the country that MIGHT be hiring?
"CONSUMED DEMOCRACY RETURNS A SOCIALIST REGIME" - Slayer, "Fictional Reality", from Divine Intervention (1994)
The Government
Submitted by ahusser on Mon, 01/30/2012 - 5:33pm.
Has painted itself into a corner as the normal "cure" for inflation and to protect the currency is to raise short term interest rates making it desirable to own dollars. An inverted interest scale (short term higher than long term interest rates) is usually short lived and followed by long term rates going up. but of course with a weak economy and the housing market still in the tank raising rates is unthinkable and could stifle any recovery. That is why we have this stealth inflation (Gas, Gold and Groceries) But inflation, especially in anything that lowers disposable and discretionary income (higher fees and taxes) will stifle any recovery. The economy only grows when people have money or borrow money to spend same. Right now there is some pent up demand which also triggers inflation as inventories are low and the lucky folks with cash are chasing fewer goods.
"Somehow, I told you so, just doesn't quite say it." Will Smith in 'I, Robot.'