KnotaFrayed
Mayor
What do YOU want President Obama or Congress to do about it?
Direct question regarding the cost of gasoline....
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Citizen
Council Member
make the speculating laws what they used to be 12 years ago.
worldlymrb
Daddy
Why just gasoline? How about the cost of FOOD? Or does this explain why gold/silver are soaring because ALL commodity prices are rising as the USD is being devalued by our private offshore banking cartel (aka Federal Reserve) with their QE1-3/ZIRP?
KnotaFrayed
Mayor
Which was?
fairsheet
Senator
Pretty much just keep on keepin' on. He looks to be on the right track. I would however, like to see us return to the prior speculation regimes that required the speculators to take actual delivery of the product. I don't know if that would have much affect on the longterm average price, but I think it might smooth out the peaks and valleys.
KnotaFrayed
Mayor
Once again, what planet do you live on? How is food produced and transported? No oil products involved? if the price of oil goes up, what do you think is going to happen with the cost of food and all the oil based production, transportation, storage and packaging? Get cheaper?
What do you want Obama or Congress to do about it?
KnotaFrayed
Mayor
So that would make Obama out to be what? Is that what GWB did? Prices were even higher when he was Pres, just before they tanked with the economy.
Lukey
Senator
[video=youtube;QOJpF9aS1zo]http://www.youtube.com/watch?v=QOJpF9aS1zo&feature=related[/video]
NCmusicman
Governor
Just admit he is a master of deceit and double down on windmills he knows won't work but will help destroy us financially so his "fundamental transformation" to a socialism, marxism, communism hybrid model can work rather nicely.
NCmusicman
Governor
Nancy Pelosi personally kept gas prices high by blocking all energy legislation at the time .... it was imperative to their mission since Bush Lost In Iraq was not going to work though they desperately tried.
KnotaFrayed
Mayor
Stop spending on what? Oil, fuel for the military and other things?
Seems you're spending a lot on gasoline, why is that? Can't you buy a more fuel efficient vehicle? How about an alternative fuel vehicle? The Arab Oil Embargo was nearly 40 years ago, yet you're still here claiming we don't need no alternatives and whining about how much gasoline costs you. Are you intelligent?
Lukey
Senator
No, too much government spending, covered by too much Fed money printing, has driven the value of the dollar lower, which drives the price of oil up.
[video=youtube;FaJ7MMZNKEI]http://www.youtube.com/watch?v=FaJ7MMZNKEI[/video]
KnotaFrayed
Mayor
Once again NC Musicman do you have any proof of your allegations or are you just blowing the usual hot air. Nancy Pelosi personally is responsible for what you're paying at the pump and blocked legislation? Legislation for what? Are you living in the present or don't you know there seems to be so much oil in the U.S. that we can EXPORT it. http://www.smallcapnetwork.com/WSJ-...O-CVX/s/via/3420/article/view/p/mid/1/id/473/
So what "legislation" did Nancy "block" and how exactly, since you know it all, is that affecting what you pay at the pump that you're whining about?
I want Obama to do whatever you expected Bush to do.
Seriously, though, the President does not control gasoline prices, but he can do things to change the actions of the speculation - such as make offshore drilling more appealing(ahhh too late since he sent those big rigs to Brazil); lessen the regs for refining in this country; encouraging drilling on our coastlines and in states sitting on lots of oil. Speculators would react to moves like that and prices would be lowered.
But sadly.......... Obama stands up and tells us he is doing some of those things...........but it's only words. Actions count. Words do not.
Seriously, though, the President does not control gasoline prices, but he can do things to change the actions of the speculation - such as make offshore drilling more appealing(ahhh too late since he sent those big rigs to Brazil); lessen the regs for refining in this country; encouraging drilling on our coastlines and in states sitting on lots of oil. Speculators would react to moves like that and prices would be lowered.
But sadly.......... Obama stands up and tells us he is doing some of those things...........but it's only words. Actions count. Words do not.
NCmusicman
Governor
I disagree, Obama (or Romney when he takes office) can have a dramatic effect on gas prices and take gas prices down almost overnight (quickly I mean) to levels below what it was when Obama took office $ $1.78 a gallon. I have posted my energy solution before... I sent it to Team Romney - hope he "gets it".
KnotaFrayed
Mayor
Jen, so you're agreeing with those who called for Bush to do something?
Do you realize that more drilling has taken place since Obama has been president, not less and what makes extracting the available types of oil attractive?
High prices make the type of oil being extracted viable. If prices fall, shale oil will no longer be viable and those means of extraction will shut down, just as they did before on "Black Sunday". More drilling will do what, when there is already a glut of oil and U.S. oil is being exported?
http://fossil.energy.gov/programs/reserves/npr/Oil_Shale_Economics_Fact_Sheet1.pdf
http://en.wikipedia.org/wiki/Oil_shale_economics
"1970s–1980s"
"In 1972, the first modified in situ oil shale experiment in the United States was conducted by Occidental Petroleum at Logan Wash, Colorado.[45] Due to the 1973 oil crisis, the oil shale industry restarted in several countries. The United States Navy and the Office of Naval Petroleum and Oil Shale Reserves started evaluations of oil shale's suitability for military fuels, such as jet fuels, marine fuels and a heavy fuel oil. Shale-oil based JP-4 jet fuel was produced until the early 1990s, when it was replaced with kerosene-based JP-8.[41] In 1974 the United States Department of the Interior announced an oil shale leasing program in the oil shale regions of Colorado and Utah, and by the early 1980s almost all of the major oil companies had established oil shale pilot projects."
"The United States oil shale industry collapsed when oil prices fell in the early 1980s. On 2 May 1982, known as "Black Sunday", Exxon canceled its US$5 billion Colony Shale Oil Project near Parachute, Colorado because of low oil-prices and increased expenses, laying off more than 2,000 workers and leaving a trail of home-foreclosures and small-business bankruptcies.[9][46] In 1986, President Ronald Reagan signed into law the Consolidated Omnibus Budget Reconciliation Act of 1985 which among other things abolished the United States' Synthetic Liquid Fuels Program.[41] The last oil shale retort in the United States, operated by Unocal Corporation, closed in 1991."
"Because of the success of oil shale-based power generation, Estonian oil shale production peaked in 1980 at 31.35 million tonnes. The largest oil shale mine in the world – the Estonia Mine – was opened in 1972.[48] However, production decreased in Estonia during the 1990s, due to reduced demand from the power generation industry. It was mainly affected by construction of the nuclear power plants in the Soviet Union. Most of Russian oil shale mines were closed in the 1990s and production continued only on a small scale."
"In Israel, a 0.1 MW pilot oil shale-fired power plant was tested in 1982–1986. A demonstration fluidised-bed plant became operational in 1989"
http://en.wikipedia.org/wiki/History_of_the_oil_shale_industry
Do you realize that more drilling has taken place since Obama has been president, not less and what makes extracting the available types of oil attractive?
High prices make the type of oil being extracted viable. If prices fall, shale oil will no longer be viable and those means of extraction will shut down, just as they did before on "Black Sunday". More drilling will do what, when there is already a glut of oil and U.S. oil is being exported?
http://fossil.energy.gov/programs/reserves/npr/Oil_Shale_Economics_Fact_Sheet1.pdf
http://en.wikipedia.org/wiki/Oil_shale_economics
"1970s–1980s"
"In 1972, the first modified in situ oil shale experiment in the United States was conducted by Occidental Petroleum at Logan Wash, Colorado.[45] Due to the 1973 oil crisis, the oil shale industry restarted in several countries. The United States Navy and the Office of Naval Petroleum and Oil Shale Reserves started evaluations of oil shale's suitability for military fuels, such as jet fuels, marine fuels and a heavy fuel oil. Shale-oil based JP-4 jet fuel was produced until the early 1990s, when it was replaced with kerosene-based JP-8.[41] In 1974 the United States Department of the Interior announced an oil shale leasing program in the oil shale regions of Colorado and Utah, and by the early 1980s almost all of the major oil companies had established oil shale pilot projects."
"The United States oil shale industry collapsed when oil prices fell in the early 1980s. On 2 May 1982, known as "Black Sunday", Exxon canceled its US$5 billion Colony Shale Oil Project near Parachute, Colorado because of low oil-prices and increased expenses, laying off more than 2,000 workers and leaving a trail of home-foreclosures and small-business bankruptcies.[9][46] In 1986, President Ronald Reagan signed into law the Consolidated Omnibus Budget Reconciliation Act of 1985 which among other things abolished the United States' Synthetic Liquid Fuels Program.[41] The last oil shale retort in the United States, operated by Unocal Corporation, closed in 1991."
"Because of the success of oil shale-based power generation, Estonian oil shale production peaked in 1980 at 31.35 million tonnes. The largest oil shale mine in the world – the Estonia Mine – was opened in 1972.[48] However, production decreased in Estonia during the 1990s, due to reduced demand from the power generation industry. It was mainly affected by construction of the nuclear power plants in the Soviet Union. Most of Russian oil shale mines were closed in the 1990s and production continued only on a small scale."
"In Israel, a 0.1 MW pilot oil shale-fired power plant was tested in 1982–1986. A demonstration fluidised-bed plant became operational in 1989"
http://en.wikipedia.org/wiki/History_of_the_oil_shale_industry
KnotaFrayed
Mayor
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