Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 02-23-2012, 09:39 PM
 
Location: Great State of Texas
86,052 posts, read 84,321,515 times
Reputation: 27718

Advertisements

Quote:
Originally Posted by bradykp View Post
it is...it's just going straight to the oil companies instead of the u.s.
Go read up. China got the contracts in Iraq, not the US.
China National Petroleum is not a US company.

China reaps benefits of Iraq war with oil deals - Business - Oil & energy - msnbc.com
Reply With Quote Quick reply to this message

 
Old 02-23-2012, 09:40 PM
 
4,019 posts, read 3,942,001 times
Reputation: 2938
Quote:
Originally Posted by MJJersey View Post
I'm not disputing the idea of peak oil, but the fact is that oil prices have remained slightly above or slightly below 100 dollars per barrel for several years now. With oil prices fairly stable, the only two things that have been increasing are the price of gasoline and the profits of the companies that sell it.

Peak Oil dictates that prices will remain flat for several years, then spike upward, then stay flat again for another period of time, then spike again, rinse and repeat. And that is exactly what is happening now. Its only a mater of time before we encounter another big spike.

Oil speculation is a natural part of this peak oil phenomenon, but it cannot fully account for all of it. Naturally, there is going to be a response from investors whenever you have major price fluctuations in an important commodity, but that's just a part of the story. And it is to be expected.
Reply With Quote Quick reply to this message
 
Old 02-23-2012, 09:44 PM
 
Location: Great State of Texas
86,052 posts, read 84,321,515 times
Reputation: 27718
Average price of gas at the pump..January 2009 was $1.84
Average gas prices--January 26, 2009

Average price of gas at the pump..January 2012 was $3.40
ATLANTA, Feb. 22, 2012: Small and Fuel-Efficient Cars Make Big Gains as Gas Prices Increase | PRNewswire | Bradenton Herald Today (http://www.bradenton.com/2012/02/22/3894228/small-and-fuel-efficient-cars.html - broken link)
Reply With Quote Quick reply to this message
 
Old 02-23-2012, 09:53 PM
 
4,019 posts, read 3,942,001 times
Reputation: 2938
Almost $6 a gallon in Florida.

----------------
$6 A Gallon
February 23, 2012

According to GasBuddy.com, motorists are shelling out $5.89 for a gallon of regular gas at a Shell station in Lake Buena Vista, topping out at $5.99 a gallon for premium. It doesn’t get better at a Suncoast Energy station in Orlando, where drivers are paying $5.79 for a gallon of regular.

“Prices over in the Disney World area are much higher than any other place in Florida,” Jessica Brady, AAA spokeswoman, told CBS Tampa, adding that people regularly complain about gas prices in that area.

$6 A Gallon *|*
Reply With Quote Quick reply to this message
 
Old 02-23-2012, 10:09 PM
 
Location: Great State of Texas
86,052 posts, read 84,321,515 times
Reputation: 27718
And "tourist season" didn't even start yet.
Reply With Quote Quick reply to this message
 
Old 02-24-2012, 06:01 AM
 
Location: Long Island, NY
19,792 posts, read 13,917,756 times
Reputation: 5661
Quote:
Originally Posted by marcopolo
But the Federal Reserve, in its misguided attempt to pump up home values and stock prices with zero interest and massive bond market interventions, has also pumped up commodity prices again...as happened in 2011. So I'm not as much in a "blame Obama mood" as I am in a "blame Ben Bernanke mood" for the current gasoline prices. Obama's policies, however, will most certainly lead to higher gasoline prices in the future.
So, your theory is that raising the money supply caused commodity prices to rise, as in 2011? Below, is a graph of commodities. 2011 had a decrease in commodity prices and 2010's rise was similar to the period before the economic collapse.



Even though the Fed increased the money supply in order to combat deflation:



There is no empirical support for the theory that raising the money supply was responsible for commodity prices rising because the rise in commodity prices was lower than previous periods, when the money supply wasn't increased.
Reply With Quote Quick reply to this message
 
Old 02-24-2012, 06:06 AM
 
5,036 posts, read 5,128,577 times
Reputation: 2356
Hey everyone, I think I've got a solution. Keep your tires properly inflated or ride a bike.

Oh, and this is all Bush's fault. Can't ever blame The Messiah
Reply With Quote Quick reply to this message
 
Old 02-24-2012, 06:23 AM
 
Location: Long Island, NY
19,792 posts, read 13,917,756 times
Reputation: 5661
When one adjusts the gasoline cost for inflation, today's price is only slightly higher than other peak historical times.

Reply With Quote Quick reply to this message
 
Old 02-24-2012, 06:25 AM
 
Location: London UK & Florida USA
7,923 posts, read 8,832,510 times
Reputation: 2059
Quote:
Originally Posted by cisco kid View Post
Almost $6 a gallon in Florida.

----------------
$6 A Gallon
February 23, 2012

According to GasBuddy.com, motorists are shelling out $5.89 for a gallon of regular gas at a Shell station in Lake Buena Vista, topping out at $5.99 a gallon for premium. It doesn’t get better at a Suncoast Energy station in Orlando, where drivers are paying $5.79 for a gallon of regular.

“Prices over in the Disney World area are much higher than any other place in Florida,” Jessica Brady, AAA spokeswoman, told CBS Tampa, adding that people regularly complain about gas prices in that area.

$6 A Gallon *|*
I live in that area and don't use garages that gouge........ most garages here are around $3.61 per Gallon. Garages close to Disney who gouge rely on Tourists who don't know any better nut locals keep out of the very few Garages who have high gas prices here.
You try to make it seem that we have really high Gas prices here in Florida but we don't!
Reply With Quote Quick reply to this message
 
Old 02-24-2012, 06:39 AM
 
Location: Long Island, NY
19,792 posts, read 13,917,756 times
Reputation: 5661
Quote:
Originally Posted by HappyTexan View Post
Average price of gas at the pump..January 2009 was $1.84
Average gas prices--January 26, 2009

Average price of gas at the pump..January 2012 was $3.40
ATLANTA, Feb. 22, 2012: Small and Fuel-Efficient Cars Make Big Gains as Gas Prices Increase | PRNewswire | Bradenton Herald Today (http://www.bradenton.com/2012/02/22/3894228/small-and-fuel-efficient-cars.html - broken link)
What you ignore is that the $1.84 price was right after the economic collapse and is not typical.

I'd trade low gas prices for avoiding a depression any day of the week.

Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6. The time now is 12:23 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top