WHY THE HELL ????????
should we pay lots more for gasoline ????????????????? America right now EXPORTS around 7.6 MILLION BARRELS of oil a DAY.....to 180 countries....STOP EXPORT and fuel AMERICA... seems extorting profit out of the average consumer is the goal here...NOT putting AMERICA FIRST ???????....
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when hasn't extorting profit from the average consumer been the goal? you need to take an Economics 101 class 0 -
Because we aren't smart enough to have the refinery capacity anymore. They have been regulated out of existence. Kind of shows how short sighted our government is. Bob 0 -
And if you think that's bad, a Camel is expected to fart raising it two more cents!!! 0 -
It's the same old plan between big oil and car manufactures. They let everyone get used to relatively low gas prices so that people buy full size vehicles and then they raise the prices of gas out the roof. Then people frantically try to sell their gas guzzlers and buy compact cars and then the process starts all over again. The price of gas gradually goes down and people forget and once again start buying full size vehicles. 0 -
Our oil wells were supposed to lower prices but they don?t. These big oil companies will never lower prices and those lids working the oil fields in SD, WY, TX, OK, NM, PA and other places don?t want prices to go down either. There is a ton of money to be made frac?ing these days. When the price per barrel went down they started capping wells and we had the ?oil bust?, price comes back up they open the wells and start raking in that $$ again. This is the only reason I want to see electric cars improve, I?m sick of big oil controlling our lives. 0 -
BSR, here in OK we so many oilfield 'ballers'. When times are good they live like kings, throwing money around, blowing it like nobody's business. But, then when the obvious and expected lull or crash happens, they are like oh my gosh, what am I going to do? Poor me. I need assistance. I see it all the time. The first time a young man hits big hourly wage like that I kind of understand it, young naivety. But, when I see people do this over and over, I fail to have any sympathy anymore. 0 -
Oil prices go up because it is a commodity sold on the world market. The US has oil and the oil companies sell it at the going rate. If prices were kept artificially low in the US the companies would simply sell it elsewhere leading to shortages domestically. Remember the oil shortages in the 70's after price caps were put in place. Think of it like a giant pool of oil that we all partake in. If less oil goes into the pool there is a spot shortage and the price goes up. This leads to more production and eventually price stabilization. It's simple supply and demand. 0 -
BobJudy wrote:Because we aren't smart enough to have the refinery capacity anymore. They have been regulated out of existence. Kind of shows how short sighted our government is. Bob
Yep, the number one reason is refining. People seem to forget the combined taxation drives up the cost. States and cities are raising the crap out of taxes because gas is so cheap.
Find it ironic that GOVERNMENT makes much more money on a gallon of gas on taxes than the oil companies, yet blame always points to big oil and capitalism and the media fails to report this factoid.0 -
For the last time, I'll answer this!
And I'll not take further questions.
Greed!0 -
We had a deal post WWII with the Saudis were we essentially guarantee their sovereignty and agreed to defend them against attack and overthrow as long as they agreed only to accept US dollars in exchange for oil...
That meant anybody anywhere wanting oil had to pay for it in US dollars only.
A handful of exceptions occurred but for the most part that was the golden rule.
I say golden rule because this deal insured the value and stability of the US currency on the world market - that and the US currency being backed by the gold standard - you could exchange your notes at a federal reserve bank for specie (gold or silver) (if any of you still have a silver certificate note take it out and compare it to a new note)
Nixon discontinued this practice with congressional oversight and approval - our currency is backed by nothing.
The powers that be wanted grand scale development and advancement and to build up infrastructure ant an accelerated rate to promote more rapid change and permit larger faster profits - the gold standard and oil connection severely limited the rate of change and development and ability to profit.
Of course the gold standard and oil link provided for safe advancement and massive profits but the rich wanted to be richer faster and were not satisfied with nearly billions in profit - and why protect the common tax payer???
The Saudis are in deep trouble - the need oil to sell at 82.50 per bbl in order to maintain their current system and status and not go broke or bankrupt.
The latest crown prince wants to offer an IPO so people will invest in Saudi Arabia - stocks and bonds would be issued. This would provide a reason for the rich and elite to continue to protect and guard safe the royal family.
The day the ipo was to be offered the Russians - oh excuse me the military forces of Yemen kit the Saudi oil fields aflame...
The reason the regime is stable is that those in charge can make everyone in the country madly rich and provide them boxcar loads of cash and super cars.
Even establishing universal billionaire income status with nothing expected in return they still have dissidents and usurpers and seekers of the throne intruigers...
Many of which are compelled by promises of foreign concerns and agencies.
The regime is rich enough and strong enough to imprison or kill off any adversary or dissenter.
Recently a Saudi royal journalist fled his country and sought asylum in the US one step ahead of hit squads and torturers.
Once ensconced on US soil were the wet work guys feared to tread he desired to marry a fat blond American women and pump out children. He also was writing scathing articles about the house of saud and the inner evil workings and support of terrorist regimes and organizations.
In order to get married he needed some documents from and stamps made at a Saudi embassy - the US and Canada and Mexico embassies had been alerted to no grant him admission.
He flew to turkey and went to the Saudi embassy there hoping to be one step ahead of the intrigue and nightmare kill squads.
He went I to the embassy and seemingly never came out again.
In reality the US had bugged the embassy and the turks had it under external video surveillance.
They tortured him in the basement - used a a sawzall to cut off his fingers and toes - with medical staff onsite to keep him alive. You can listen to the audio on line - hope you have a strong stomach.
They continued to cut off body parts and use a blow torch on him and he expired - heart attack.
They proceeded to cut him into suitcase sized chunks and took out his corpse in luxury travel bags small lots at a time placing them on a Saudi private jet - whence they returned his dismembered and burned and electrocuted and tortured corpse along with the nightmare wet work kill squad home to Saudi Arabia.
He had been telling the story and relaying the facts to the press and they took him out in medieval biblical fashion inside a NATO country.
And that's just the tip of the iceberg.
Turkey wants to reestablish the ottoman empire and be the capital of the new caliphate - their president is quite vocal about it.
When Obama was president he supported and funded terrorist opposition groups and leaders inside turkey who wanted change - the leadership fled to the US and is still directing and funding terrorist attacks against turkeys current regime from the safety of US soil.
The US has enough oil reserves now that we have fracking of shale and new offshore deposits found to last over 1000 years even at the current rate of demand increase.
We have more oil and shale than all the middle eastern countries combined - and we can get it out of the ground cheaper and cleaner.
What we can't do is refine it - we don't have 1/10th of the capacity assuming nothing ever goes wrong... it runs 24 hours a day 7 days a week 365 days a year at 110% of capacity.
People can't store gasoline against inflation or price spikes or shortage or disaster because we put corn in our gas to provide assistance to farmers - while vast parts of the world starve we have ruined our own gas for political reasons that don't make sense.
Iran has a similar problem as they are sitting on massive oil deposits but have almost no modern refining capacity - and in a country that floats on oil gasoline runs short daily and costs 10.00 a gallon...
We don't add refinery capacity cause it's noisy and ugly and unsafe an environmentally unsound and nobody wants it in there back yard - and the democrats hate it as much as black rifles - Texas tea and black gold are the moral equivalent of assault rifles.
Having the oil and natural gas should allow us unfettered economic freedom and insulate US from middle east machinations - except for Israel let them burn and bomb themselves back into the stone age.
But we don't want China and Russia and north Korea or other enemies gaining control of that sphere of influence and dominating the region.
We could also convert vehicles and industry to natural gas and be off the gasoline crack pipe but that will not ever happen as it might effect to many rich folks and corporations - whom line the pockets of our politicians - who still pump money into the Clinton foundation.
So our national debt increases - a default looms on the horizon - our infrastructure rots and decays - and we elect fools and idiots and in the bag partisans who are communists and socialists and could not balance a check book.
AOC and get staff were moving her into a Washington townhouse on the taxpayer dime - and they filmed and streamed her moving in. They flipped a switch and turned on the garbage disposal in the sink and were alarmed and confused - they called 911 to report an emergency and none of them had ever seen or heard a scary garbage disposal - and wonder aloud to each other if it's safe or bad for the environment - we elected this dancing minstrel fool with fascist and Stalinist beliefs and put her in charge. (Look it up online I kid you not its sad)
Having the oil and gas and gold reserves does not guarantee primacy and wealth and status and Longevity - look at Hugo Chavez and Brazil and Venezuela as they collapse and people starve and never inflation requires a wheelbarrow full of now useless cash to by an egg or some milk - huge percentage of the populace fleeing in mass migration diasporas that are targeting our southern borders...
We allow Russia to keep its boot on the neck of the Ukrainian people and permit China to build artificial islands in the pacific China sea to control more oil and natural gas under the spratelies and other spots in international waters - Japan is building and deploying aircraft carriers 7-10 and the imperial battle flag and kempai tai logo are being displayed again openly...
Vietnam built a massive state of the art strategic Air Force base and naval port on their dime and begs the US government to take it over and place troops and assets there and we do nothing.
It's a end times - end of days - revelations - it's the slow start and warning sign of WWIII
China owns the Panama canal zone.
Hong Kong is about to get stepped on hard.
Mike0
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