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You're pretty ignorant if you believe the following statement from your article:
"There are many global reasons why gas prices are falling, but the major one isn’t being widely reported. America has become in the last several years an energy-producing powerhouse. "
It's all over the place how America is poised to become the worlds largest oil producer AND is already the worlds largest natural gas producer AND - due to more effecient vehicles, alternate energy sources such as the wind turbines that are showing up all over the country etc - U.S. demand for oil has fallen.
The combination of ALL THREE of those factors have driven down oil costs.
As I said, anyone who doesn't already know that is very ignorant indeed. The statement that it's "not widely reported" is pure bullsh*t.
You're pretty ignorant if you believe the following statement from your article:
"There are many global reasons why gas prices are falling, but the major one isn’t being widely reported. America has become in the last several years an energy-producing powerhouse. "
It's all over the place how America is poised to become the worlds largest oil producer AND is already the worlds largest natural gas producer AND - due to more effecient vehicles, alternate energy sources such as the wind turbines that are showing up all over the country etc - U.S. demand for oil has fallen.
The combination of ALL THREE of those factors have driven down oil costs.
As I said, anyone who doesn't already know that is very ignorant indeed. The statement that it's "not widely reported" is pure bullsh*t.
We've long ago established that you do not understand oil & gas prices.
Apparently, your article's Stephen Moore only comprehends slightly more.
It's called a Saudi shakedown and they've done it before. Add to that oversupply.
Iraq came on board recently. Iran's cool with it. Only Venezuela has issues and has been asking for emergency meetings.
We're producing at historic levels. Saudi Arabia's ramped up output, squeezing smaller operators.
We've long ago established that you do not understand oil & gas prices.
Is that a fact genius..Whether you want to admit it or not...If Obama and the Greeniacs had their way(what they really want)
I guarantee you gas prices would not be coming down no matter what the world over supply was...I would bet the house on it!!!!
stock prices go up, then they go down, and they will go up again if winter starts getting harsh (demand) and will go up again in the late spring - like every year (albeit some years worse than others).
Is that a fact genius..Whether you want to admit it or not...If Obama and the Greeniacs had their way(what they really want)
I guarantee you gas prices would not be coming down no matter what the world over supply was...I would bet the house on it!!!!
Fail, fail again. If nothing else, you remain consistent.
There's no speculating what someone "really wants" from our energy policy when we're producing a substantial amount of product.
Never mind the facts regarding our current huge output. It's been enough for the Saudis to act. Apparently you fail to understand that, like many things.
Is that a fact genius..Whether you want to admit it or not...If Obama and the Greeniacs had their way(what they really want)
I guarantee you gas prices would not be coming down no matter what the world over supply was...I would bet the house on it!!!!
Gas prices are (speculators aside) mostly the result of supply and demand.
Supply is up (due to fracking, increased drilling, etc)
Demand is down (due to more efficient cars, alternate energy sources - such as wind turbines instead of oil-fueled power plants, etc).
BOTH impact price - not ONE, not the OTHER - BOTH.
Ken
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