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Well, consdering most of what I read says it'd take 7-10 years for newly approved drilling to put oil on the market and Bush is out of office 2 years I don't think drilling made the difference. I know you didn't want to hear that.
It wasn't ALL new drilling. Do you like to argue just to argue? It seems that way since you don't have your facts straight.
As the price of gas seems to be rising faster than we can keep up with, is it changing your spending habits?
In January when I bought my truck, I was spending $45-50 a week to fill up my tank, now I am spending $70-75. That is an increase of roughly $100 a month, with no end in sight.
This has definitely changed my habits.........instead of "treating myself" to a new pair of jeans, shirt, cologne, a dinner at a "nicer" restaurant, even putting money in my savings, I am having to use the extra $$ to add fuel to my automobile.
Please explain how the rising gas prices has changed your habits.
I recently traded in my 99 Ford Taurus. I was planning on it anyway, but when I was deciding on a car to buy I refused to buy an SUV, instead opting for a 35 mpg Toyota Corolla.
Of course, I will likely be starting a job in the next few weeks that will require a commute of 120 miles round trip a few days a week. That made it easy to avoid the SUV.
In 2008, when the gas prices were high, I was driving 60 miles RT for work. My gas bill got shockingly high and I started to conserve in other ways--only staying close to home for shopping, less "impulsive" short trips out to Target and doing things like that.
This time, I'm lucky enough to have gotten in a carpool so my gas costs have increased by 50% and, so, in that regard, it is much less noticeable to me at this point.
Tax all oil speculation trades at 60% and watch how fast prices fall.
Traders are "speculating" that Obama is going to do something else stupid (like attacking Libya) in the FUTURE that will impact the supply of oil. They are locking in the price now for what oil will be available then.
If Barry opened up ANWAR and allowed drilling off all of the coasts of the US, the traders would see that as a positive and they would "speculate" LOWER oil prices.
Nope. Splurging on gasoline hasn't been my style since I started driving. I've been quite a conservative with my choice for vehicles even when the gas prices were barely a dollar a gallon. It was rarely about cost anyway. My bimmer gets me about 25 mpg in mixed driving (about 27-29 mph overall average speed) over virtually every tank and 30-32 mpg on highway going 70-75 mph.
However, if there were a train line to commute, I would change my habit, not necessarily for cost reasons (which will be an added benefit) but to avoid the nuisance in the streets and be more active instead of driving from garage to garage.
Traders are "speculating" that Obama is going to do something else stupid (like attacking Libya) in the FUTURE that will impact the supply of oil. They are locking in the price now for what oil will be available then.
If Barry opened up ANWAR and allowed drilling off all of the coasts of the US, the traders would see that as a positive and they would "speculate" LOWER oil prices.
I think it was more, but anyway, Bush opened up more drilling and the prices fell. OOPPPSSS!!! I know you didn't want to hear that.
Gas prices fell because the stock market tanked and the oil prices were tied to speculators which are tied to the market. Under Bush, when the oil prices were high, so was the stock market at that point.
Private company takes publicly owned commodity and sells commodity back to public at exorbitant price. This is a good deal because?
Interested in a bridge in Brooklyn are ya?
Oil companies PURCHASE A LEASE from the govt for the right to drill on a piece of land. There is no guarantee that they will find oil there. The company invests millions of dollars a day to drill. Most of these leases are worthless. If they get lucky and strike oil, the company has a right to ALL the profits from their investment.
Most of the "exorbitant price" of a gallon of gas is in the form of TAXES that go to the govt.
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