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Old 02-05-2013, 06:34 PM
 
48,516 posts, read 83,890,268 times
Reputation: 18049

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I think that energy price can be expected to rise. At current levels people just do not conserve like they did when they got to 4 dolars plus. But its not expected once we get hgiher crude produce here to gain much i future.The same coud eb said of natural gas until the current levels of production. One onyl has to lok at price here now compoared to say asia on natural gas.I do think Obama needs to stop protecting speical interest energy groups from havig to compete tho.I mena the new 15% methnol standard wioll cost american s alot in engine danage long warned of .

 
Old 02-05-2013, 06:51 PM
 
Location: Palo Alto
12,172 posts, read 7,037,881 times
Reputation: 4175
I just renewed a batch of CD's at a net gain of 30 basis points on the portfolio. Thank you Obama.

The issue with gas isn't the price - but the price as a percentage of income. Real wages are falling. Even with the increases in fuel economy most Americans are paying more to drive. That's the concerning statistic.
 
Old 02-05-2013, 07:08 PM
 
Location: Portland, Oregon
46,053 posts, read 29,504,059 times
Reputation: 7830
Quote:
Originally Posted by Wapasha View Post
Keystone!!
It would of had no effect on the cost of gas at the pump.
 
Old 02-05-2013, 07:19 PM
 
1,321 posts, read 1,039,314 times
Reputation: 241
I'm looking into buying the new electric RAV 4 which costs 50 grand!! thank you obama!!!
 
Old 02-05-2013, 07:33 PM
 
Location: Portland, Oregon
46,053 posts, read 29,504,059 times
Reputation: 7830
Quote:
Originally Posted by Follower Of X View Post
I'm looking into buying the new electric RAV 4 which costs 50 grand!! thank you obama!!!
Obama is a Toyota CEO? When did that happen?
 
Old 02-05-2013, 09:14 PM
 
Location: Wisconsin
20,357 posts, read 13,871,819 times
Reputation: 5233
Quote:
Originally Posted by Mircea View Post
Without actually looking at the data, I'm inclined to agree. You'd have to look at US oil production, then and establish what it ought to be now, versus what it is now. In other words, the US might numerically be producing more, but proportionately it isn't.

Peaking...

Mircea



Read oil and gas industry publications......they will not build new refineries no matter what changes in the laws you make, because the Demand for Gasoline in the US is flat over the long-term.

The Laws of Economics clearly state that you do not increase Supply when Demand is flat.

Economically...


Mircea
So the prices are high because demand is low, or supplies are low.... okay.
 
Old 02-06-2013, 02:38 AM
 
Location: London, U.K.
2,877 posts, read 3,300,209 times
Reputation: 1589
Prices are high because world supply has remained flat since 2005, yet demand from developing countries is booming (whilst remaining flat in developed countries.)
 
Old 02-06-2013, 11:37 AM
 
Location: Long Island, NY
19,717 posts, read 11,555,852 times
Reputation: 5611
Gas prices surge as the summer squeeze begins - Feb. 6, 2013

Quote:
Oil prices have jumped 10% over the last two months. The price of crude accounts for 68% of the cost of a gallon of gas, according to the Energy Information Administration. Other costs include refining (8%), marketing and distribution (11%), and taxes (13%).

Energy analysts say oil prices are rising partly because the economy is improving. The U.S. housing market had its best year in the last five, U.S. job growth is steady, and the Chinese economy is showing an uptick.
...
On the refining front, several refineries have either shut down or are about to for maintenance before the switch to summer gasoline, which often has to be formulated to prevent smog buildup in the warmer weather. That comes on top of the closure of a Hess refinery in New Jersey last month, which was reportedly losing money.
 
Old 02-06-2013, 12:01 PM
 
78,752 posts, read 33,515,967 times
Reputation: 15774
Quote:
Originally Posted by archineer View Post
Prices are high because world supply has remained flat since 2005, yet demand from developing countries is booming (whilst remaining flat in developed countries.)
As I noted yesterday with a link, our supplies are growing, not falling.
 
Old 02-06-2013, 01:56 PM
 
Location: London, U.K.
2,877 posts, read 3,300,209 times
Reputation: 1589
Quote:
Originally Posted by pknopp View Post
As I noted yesterday with a link, our supplies are growing, not falling.
World supply (production) is flat. Oil is a globally traded commodity.
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