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Old 10-11-2007, 03:48 PM
 
Location: South East UK
659 posts, read 1,371,557 times
Reputation: 138

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Quote:
Originally Posted by TnHilltopper View Post
Iran is opening up an oil bourse and some claim it is one of the reasons for such pressure on Iran from the United States.

Iran's Oil Bourse: A Threat to the U.S. Economy? - Worldpress.org

]
Logically TnHilltopper this must be the way for Iran to go ahead, couple their own output with SA and Venezuela and the gravity of the oil world changes.

It would be interesting to be a fly on the wall in the German Banks with this development a potential.

Ultimately what position do you envisage China and India will adopt?
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Old 10-11-2007, 04:21 PM
 
1,409 posts, read 4,850,261 times
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Quote:
Originally Posted by Mathguy View Post
Gas prices have fallen quite a bit lately....and so has the rhetoric flying around.
I think you answered your own question. With prices no longer at their unheard-of peak levels, this issue is no longer headline news.

And that being the case, Democrats are finding it less effective as a rhetorical "baseball bat" to bash Bush with.
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Old 10-11-2007, 04:28 PM
 
Location: Good ol Georgia
348 posts, read 1,018,843 times
Reputation: 92
Quote:
Originally Posted by LancasterNative View Post
I think you answered your own question. With prices no longer at their unheard-of peak levels, this issue is no longer headline news.

And that being the case, Democrats are finding it less effective as a rhetorical "baseball bat" to bash Bush with.

What do you mean they are no longer at their unheard of peak levels? Ours is considered on the low side right now at $2.64, which imo is still gouging. The problem is we've become numb at these staggering prices. Not too long ago I paid .99 a gallon, that was prior to 9/11 then after the war started, I guess that's about the time the prices went up..then we had Katrina, yet another reason to gouge us, and leave it at that price...we are paying it so they don't lower it.
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Old 10-11-2007, 04:49 PM
 
1,409 posts, read 4,850,261 times
Reputation: 486
Within the last decade, I remember paying 85¢ per gal. on a fill-up.

I agree w/you prices are still outrageously high. Somehow though, people (Wheee The Sheeple) seem to be getting used to it.

If it were up to me, we'd immediately cut the price of gas significantly by slashing all the state & federal taxes on gas—which comprise a huge chunk of the retail price you pay. Heck, I think the federal tax should be eliminated entirely; this is NOT an area the FedGov has any Constitutional business in.

Then, to truly allow oil companies to meet consumer demand and sustain a ready supply over the long term, I'd ignore all those flippin' commie treehuggers and drill away! Explore, extract, and refine what we've already got!

Why does Saudi Arabia produce more oil than we do? 'Cuz they don't have the d*mn hippies standing in the way of their energy development! We are blessed with far more natural energy resources than S. Arabia, Mexico, Venezuela or anyplace else. Yet with our tiny cadre of enviro-religious zealot kooks, we can't even drill ANWR or parts of the Gulf shore, and we haven't been allowed to build any new refineries since the '70s

Until enough Americans get really fed up and angry about all these stoooopid policies, I reckon we'll just have to live with $2.65/gallon gas
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Old 10-11-2007, 05:04 PM
 
3,695 posts, read 11,340,370 times
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You're plan to eliminate fuel taxes would indeed reduce the price of oil and in the long term it will reduce the demand for oil since we wouldn't have any money to repair our roads any more. Great idea!
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Old 10-11-2007, 05:58 PM
 
11,135 posts, read 14,149,188 times
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Quote:
Originally Posted by famenity View Post
Logically TnHilltopper this must be the way for Iran to go ahead, couple their own output with SA and Venezuela and the gravity of the oil world changes.

It would be interesting to be a fly on the wall in the German Banks with this development a potential.

Ultimately what position do you envisage China and India will adopt?
Clearly there are growing ties between China, Russia and India with Iran, as their growing industrialized needs add weight to the reasons why OPEC may want to consider exchanging in Euro's, as it makes economic sense. India and China both will be playing a larger role in the geopolitical stage not because of their military might but because of their growing economies and need for greater energy resources. They are in fact, today's and especially tomorrow competition with the US.
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Old 10-11-2007, 06:45 PM
 
77,786 posts, read 59,928,695 times
Reputation: 49170
Quote:
Originally Posted by happymom4 View Post
What do you mean they are no longer at their unheard of peak levels? Ours is considered on the low side right now at $2.64, which imo is still gouging. The problem is we've become numb at these staggering prices. Not too long ago I paid .99 a gallon, that was prior to 9/11 then after the war started, I guess that's about the time the prices went up..then we had Katrina, yet another reason to gouge us, and leave it at that price...we are paying it so they don't lower it.
Yes, it's horrible when someone sells at a price the consumer is willing to pay.

I'm going to have to call you on the gouging comment, prove it. Feel free to use on-line sources.

I do realize that every time I've asked for proof I've killed the thread or had to bump it to restart it....but I've never gotten someone to actually do anything but run after making such a statement.
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Old 10-11-2007, 07:30 PM
 
Location: Santa Monica
4,714 posts, read 8,441,215 times
Reputation: 1052
Quote:
Originally Posted by Mathguy View Post
I'm really trying to de-politicize this discussion so when someone basically says it's because of Bush and his oil cronies....you need to back it up with something economic.

Bush will be out of the white house here shortly (something I'm certainly not upset about) and I'd like people to better understand what is going on instead of blaming every bad thing on a boogey man.

Did you not take a look at the chart I posted early in this thread? Do you see how the price of gasoline started rising just literally a few months before the year 2000 election, and it has been trending upward ever since. Very interesting? Granted, the same charts also show that today's nominal price for gasoline does not yet approach the real price (in constant dollars adjusted for inflation) heights for gasoline that were reached a couple of decades ago.
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Old 10-11-2007, 08:10 PM
 
Location: Good ol Georgia
348 posts, read 1,018,843 times
Reputation: 92
Quote:
Originally Posted by Mathguy View Post
Yes, it's horrible when someone sells at a price the consumer is willing to pay.

I'm going to have to call you on the gouging comment, prove it. Feel free to use on-line sources.

I do realize that every time I've asked for proof I've killed the thread or had to bump it to restart it....but I've never gotten someone to actually do anything but run after making such a statement.

Well I don't have documentation but I do know that everytime this comes up on the news, they report how the oil companies are making huge record breaking profits...not gouging?
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Old 10-11-2007, 08:18 PM
 
77,786 posts, read 59,928,695 times
Reputation: 49170
Quote:
Originally Posted by happymom4 View Post
Well I don't have documentation but I do know that everytime this comes up on the news, they report how the oil companies are making huge record breaking profits...not gouging?
Are they making that on oil production (meaning the appreciation of an asset) or on refining?

Also, just what sort of proft level are we talking about here? (hint: Go to wikipedia....then look up McDonalds)
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