Originally posted by Kalalau
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Re: Gas Prices
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Re: Gas Prices
60 Minutes did a feature on how Brazil became energy independent by brewing alcohol from sugar cane, I posted about that a couple of times. America has had opportunities to become energy self sufficient, the present corn alcohol system seems flawed, it evidently consumes more energy than it produces, but the sugar cane system in Brazil works fine, it could in the US, too, a huge boon to the economies of all the southern states. Will it ever happen? Problem is, the oil industry, like the health insurance industry and the pharmaceutical industry basically does control what government does, so the long term good of the country is perpetually sacrificed to the benefit of the few, the privileged, the rich, the powerful, and if the whole country collapses as a result of bad economics (paying our energy debt to the Mideast with money borrowed from China, for example), well who cares as long as those Swiss bank accounts get bigger, right? The ship of state might be going under, but the privileged elite will survive and prosper just fine.
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Re: Gas Prices
Originally posted by timkona View PostCan't drill here, there, over there, or down there.
Environmentalism, and the resulting increase in bureaucracy and paperwork, has increased cost dramatically.
What is the price for good health? I guess you are saying it is too expensive to breathe clean air.
Seems to me that the folks who can least afford increasing gas prices are the same people who protest anything related to increased production.
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Re: Gas Prices
Can't build refineries. Have not built a new one in America in over 20 years.
Can't drill here, there, over there, or down there.
Environmentalism, and the resulting increase in bureaucracy and paperwork, has increased cost dramatically.
Speculation, combined with spineless politicians, just excacerbates the problem.
I'm just glad that Ol'Bammy promotes NUKES. The $8 billion dollar plan signed last year is just brilliant. Right?
Seems to me that the folks who can least afford increasing gas prices are the same people who protest anything related to increased production.
Funny how you never see protesters on Wall St.
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Re: Gas Prices
Originally posted by TuNnL View PostSpeaking of which, President Obama has been trumpeting a little somethin’ somethin’ at every campaign stop. According to the Associated Press, Obama is proposing to eliminate $4 billion in subsidies for oil companies, and perhaps, investing that money in alternatives. What do you think of this? Does it really address the problem? I would think that Obama’s “solution” would take decades before it would solve our energy quagmire. As a country, we already have our hands full building charging stations for electric cars (to say nothing of the fact than less than 1 of every 500,000 motorists actually drive one). And that hardly addresses a significant source of these charging station’s electricity: oil.
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Re: Gas Prices
Originally posted by escondido100 View PostI dont blame obama at all. but he goes have the power to do something about it.
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Re: Gas Prices
I dont blame obama at all. but he goes have the power to do something about it. The problem of high gas prices cannot be blamed on any one person. it is the system that has taken years to adapt to the wiley ways of profiteers for the benifit of the few at the expense of many. Right now at this point in time its the speculators driving the price of gas up. Obama has the power to correct this. as does congress .....and we the voters.
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Re: Gas Prices
For too many it's all about Obama The Really Really Bad and ignoring that we're still and will be paying for 8 years of Bush con-trol and decades of oil scams.
When BO said Europe prices were OK it was with the view that something needs to smack gas hog overconsumers where it hurts to finally quit using too much so the common folk can get a break eventually, and to get alt tech going stronger. But the party of NO says NO.
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Re: Gas Prices
Originally posted by escondido100 View Postthe president has the ability as others before him to require a rule change on hedge funds. instead of buying on a twenty percent margin require a 50 to 60 percent buy in. this would curtail the speculators tomorrow. also require opec to not tie gas prices to the dollar but to let them float ..they would increase production and prices would fall.
obamas biggest contributer is a hedge fund guy...George Soros...so this probably wont happen any time soon... but it could alleviate the problem if he really cared about the common folk filling their tanks of gas.
i remember during his campaign he thought it would be fine if gas reached the same prices as europe. i wonder what he will do?
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Re: Gas Prices
Originally posted by escondido100 View Postobamas biggest contributer is a hedge fund guy...George Soros...so this probably wont happen any time soon... but it could alleviate the problem if he really cared about the common folk filling their tanks of gas.?
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Re: Gas Prices
the president has the ability as others before him to require a rule change on hedge funds. instead of buying on a twenty percent margin require a 50 to 60 percent buy in. this would curtail the speculators tomorrow. also require opec to not tie gas prices to the dollar but to let them float ..they would increase production and prices would fall.
obamas biggest contributer is a hedge fund guy...George Soros...so this probably wont happen any time soon... but it could alleviate the problem if he really cared about the common folk filling their tanks of gas.
i remember during his campaign he thought it would be fine if gas reached the same prices as europe. i wonder what he will do?
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Re: Gas Prices
Originally posted by Kalalau View PostWhy should the economic well being of literally billions of people, and political stability of the whole world, be sacrificed just so these parasites can bleed even more billions of dollars?
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Last time gas prices leaped it turned out to be because of speculators. At one point Morgan Stanley owned more oil than Exxon. Probably its speculation again. Economists will say we need speculative markets to smooth out the bumps for suppliers and consumers. You can make a nice case for that. But today a great deal of the instability in world capital markets (Greece, Ireland, Iceland, Portugal, and now the US) is caused by speculation, and a great deal of economic and political instability in the Middle East is caused by leaping food prices caused by Wall St. speculators. They are not smoothing out bumps, they are causing them. They are parasites, their function needs to be eliminated or heavily regulated. Why should the economic well being of literally billions of people, and political stability of the whole world, be sacrificed just so these parasites can bleed even more billions of dollars?
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Re: Gas Prices
Are we lagging behind in our addiction or our treatment for addiction? Kind of silly to compare fossil fuel utilization to addiction anyway. As well, why blame oil companies for soaring prices, do you believe they are restricting production to raise prices? If so, you're dead wrong. Price manipulation is much easier for big-pocketed financial speculators (easy money makes for easy price manipulation), though a well endowed oil-producing country or two may guide prices almost as easily by manipulating supply.Last edited by salmoned; April 20, 2011, 09:37 PM.
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Re: Gas Prices
Originally posted by pzarquon View PostFascinating to review the start of this thread in 2008, watching the fluctuations and prices back then.
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