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Old 06-27-2008, 02:17 PM
 
19,098 posts, read 20,668,871 times
Reputation: 8384

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Banks are important but NOT that important... and HappyTexan is right.. the low Fed rate is killing consumers... why should the banks let you borrow money when they can borrow it dirt cheap and waste it playing the market... or covering their financial mistakes.. We need a higher Fed rate so banks are borrowing from us and not our tax dollars.. in return we get lower mortgage rates, etc etc...
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Old 06-27-2008, 02:22 PM
 
Location: Great State of Texas
86,068 posts, read 74,761,325 times
Reputation: 27602
Quote:
Originally Posted by evilnewbie View Post
Banks are important but NOT that important... and HappyTexan is right.. the low Fed rate is killing consumers... why should the banks let you borrow money when they can borrow it dirt cheap and waste it playing the market... or covering their financial mistakes.. We need a higher Fed rate so banks are borrowing from us and not our tax dollars.. in return we get lower mortgage rates, etc etc...
Couldn't agree more evil.
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Old 07-01-2008, 06:36 AM
 
893 posts, read 502,144 times
Reputation: 431
Maybe this is the Middleasts way of dealing with us over Iraq. They hate our guts anyway.
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Old 07-01-2008, 10:47 AM
 
Location: Londonderry, NH
41,478 posts, read 52,823,640 times
Reputation: 24677
Nothin but good times a commin.
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Old 07-01-2008, 11:24 AM
 
48,509 posts, read 86,173,019 times
Reputation: 18105
It is the fact that we all want more and more gas and otehr energy. But now we need to include all the rising econmies of teh world that are craving more and more.Two millon gallons of excess prodution capacity is driving the price because it is a drop in the bucket.
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Old 07-01-2008, 12:02 PM
 
Location: WA
5,472 posts, read 21,912,192 times
Reputation: 6157
Here is a great explanation on how we could drive down oil prices today by drilling even though production would not be seen for years...

We Can Lower Oil Prices Now - WSJ.com
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Old 07-01-2008, 04:46 PM
 
Location: Charlotte, NC (in my mind)
7,946 posts, read 15,403,590 times
Reputation: 4544
Quote:
Originally Posted by cdelena View Post
Here is a great explanation on how we could drive down oil prices today by drilling even though production would not be seen for years...

We Can Lower Oil Prices Now - WSJ.com
We can forget about drilling. Have any compassion for the caribou...?
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Old 07-01-2008, 07:16 PM
 
31,722 posts, read 49,222,313 times
Reputation: 17513
there is NO WAY that oil companies in the US can drill what they have under lease NOW so why go to all the trouble of drilling in the Arctic in much smaller reserves that are difficult to extract and ship--they would go to ASIA on tankers--not to the US via pipeline--where are the refineries on the WEST coast--there aren't any to handle any more oil brought in....
stupid--
just like drilling in the GULF---there are already leases lff-shore that are not drilled--why go deeper which is more difficult and would require HIGHER prices of oil to be feasible--
this is a dog chasing its tail...
HOW MANY OF THESE POSTERS COME ANY CLOSER TO AN OIL or GAS COMPANY THAN A GAS PUMP?
none I bet
and don't tell yourself that reading about it especially the reactionary info that is posted on blogs and web pages is "informed" information...
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Old 07-01-2008, 08:01 PM
 
Location: Fort Myers Fl
2,305 posts, read 2,751,387 times
Reputation: 917
Quote:
Originally Posted by cdelena View Post
Here is a great explanation on how we could drive down oil prices today by drilling even though production would not be seen for years...

We Can Lower Oil Prices Now - WSJ.com

This is very true. Democrats will argue this point but they only look at the oil industry at the surface, not in depth. It is a far more complicated industry then they understand, or even want to understand. They are more concerned about what they believe it does to the enviroment.
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Old 07-01-2008, 10:03 PM
 
Location: Boise, ID
1,356 posts, read 5,592,974 times
Reputation: 909
Quote:
Originally Posted by loves2read View Post
there is NO WAY that oil companies in the US can drill what they have under lease NOW so why go to all the trouble of drilling in the Arctic in much smaller reserves that are difficult to extract and ship--they would go to ASIA on tankers--not to the US via pipeline--where are the refineries on the WEST coast--there aren't any to handle any more oil brought in....
stupid--
just like drilling in the GULF---there are already leases lff-shore that are not drilled--why go deeper which is more difficult and would require HIGHER prices of oil to be feasible--
this is a dog chasing its tail...
HOW MANY OF THESE POSTERS COME ANY CLOSER TO AN OIL or GAS COMPANY THAN A GAS PUMP?
none I bet
and don't tell yourself that reading about it especially the reactionary info that is posted on blogs and web pages is "informed" information...
No one is really sure where the oil is on much of the unused lease land. We know where the oil in other unleased areas offshore and in ANWR. We might as well pick the low-hanging fruit, so to speak.

As for refineries, it is true we need more of them. Environmentalists are opposed to more refining capacity, naturally, but they are also opposed to drilling for more of our oil. Their policies are bad for America and their propaganda has went a long way towards getting us in the mess we are in now.
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