Author Topic: Obama Admn keeping Oil drilling ban ($6 a gallon gas here we come) - Told You So (Read 57656 times)

Option D · « **Reply #200 on:** February 24, 2011, 11:23:42 AM »

So let me get this straight.. 3333 thinks that there is a shortage or lower supply of Oil which is caused by Obama and thats why our gas prices are up.. because there is not enought available oil.. Wow.. and he has the nerve to call someone dumb.. thats the dumbest shit i have heard on this site...

Fury · « **Reply #201 on:** February 24, 2011, 11:24:58 AM »

One can easily make the argument that Obama's policies have further increased our dependency on foreign oil.

Option D · « **Reply #202 on:** February 24, 2011, 11:26:11 AM »

Quote from: BerzerkFury on February 24, 2011, 11:24:58 AM

One can easily make the argument that Obama's policies have further increased our dependency on foreign oil.

you talkin about after the oil spewed in the gulf.. that he is weary of offshor drilling?
like that?

Soul Crusher · « **Reply #203 on:** February 24, 2011, 11:30:11 AM »

Quote from: Option D on February 24, 2011, 11:26:11 AM

you talkin about after the oil spewed in the gulf.. that he is weary of offshor drilling?
like that?

Its EVERYTHING. Do you even read the news? Ifyou say no because you are studying cadavers - fine, thats cool. But damn you really seem out of it lately.

Option D · « **Reply #204 on:** February 24, 2011, 11:31:58 AM »

Quote from: 333386 on February 24, 2011, 11:30:11 AM

Its EVERYTHING. Do you even read the news? Ifyou say no because you are studying cadavers - fine, thats cool. But damn you really seem out of it lately.

no.. i sure dont.. i just played your ass.. you think simple supply and demand apply in this case.. and it dosent.. thats the alarming part..

Soul Crusher · « **Reply #205 on:** February 24, 2011, 11:36:20 AM »

Quote from: Option D on February 24, 2011, 11:31:58 AM

no.. i sure dont.. i just played your ass.. you think simple supply and demand apply in this case.. and it dosent.. thats the alarming part..

Supply & Demand is certainly part of it. The spectre of less supply in the future for a variety of reasons drives the price higher.

WTF is wrong with you?

tu_holmes · « **Reply #206 on:** February 24, 2011, 11:40:58 AM »

Quote from: 333386 on February 24, 2011, 11:10:14 AM

Whatever - the guy is an ex-ceo. But again - please tell me one thing he said you think is a lie? Name one lie you think he tells in this clip?

The first thing he mentioned is traders!

He talks about Diesel shortages and maybe I'm not the guy to know this... but did we have Diesel shortages? Really? When?

I don't think that the policies are the issue... So I think that his blame of the administration is a lie.

The bottom line is that administration doesn't cause prices to go up or down... I also think that his 3 points are EXTREMELY speculative... EXTREMELY.

He didn't relay any fact what so ever about why he was worried... He just said he was concerned by these things.

I do agree with his premise of increasing the US oil production and creating jobs.

He admits that the stats also don't add up for his ideals... Numbers don't lie though do they?

Do you not believe that it is better to suck the oil out of the middle east first, thereby creating a demand from US oil at a later date and allowing us to create a higher price for oil to the rest of the world?

I really don't see what I should think he lied about... He didn't really say much of anything.

Option D · « **Reply #207 on:** February 24, 2011, 11:42:45 AM »

Quote from: 333386 on February 24, 2011, 11:36:20 AM

Supply & Demand is certainly part of it. The spectre of less supply in the future for a variety of reasons drives the price higher.
WTF is wrong with you?

OMG.. thats the game you idiot... its all a game you fucktard.. they need a reason. but simple "we aint got it" aint it.. its not like how availability of cotton effected the price of a tshirt.. there isnt as much cotton as before..

But the gas... there are shit tons of it.. Dude you fuckin asshole retard.. Please explain to me how, if simple supply and demand was the reason for the oil hikes.. how in the fuck do the oil companies record record profits during those same years.. jesus you are so dumb.. your extreme mancrush on obama has clouded your judgement..

Soul Crusher · « **Reply #208 on:** February 24, 2011, 11:43:45 AM »

No, not at all, I dont want to have more soldiers die as part of our gamble.

Soul Crusher · « **Reply #209 on:** February 24, 2011, 11:48:22 AM »

Quote from: Option D on February 24, 2011, 11:42:45 AM

OMG.. thats the game you idiot... its all a game you fucktard.. they need a reason. but simple "we aint got it" aint it.. its not like how availability of cotton effected the price of a tshirt.. there isnt as much cotton as before..

But the gas... there are shit tons of it.. Dude you fuckin asshole retard.. Please explain to me how, if simple supply and demand was the reason for the oil hikes.. how in the fuck do the oil companies record record profits during those same years.. jesus you are so dumb.. your extreme mancrush on obama has clouded your judgement..

The companies did not set the prices fool. They bought it and sold it and made a profit.

And notice when I posted this thread you dope - it was before all of thisME stuff and prices have been going up since.

of curse you ignore that.

Option D · « **Reply #210 on:** February 24, 2011, 11:52:10 AM »

Quote from: 333386 on February 24, 2011, 11:48:22 AM

The companies did not set the prices fool. They bought it and sold it and made a profit.

And notice when I posted this thread you dope - it was before all of thisME stuff and prices have been going up since.

of curse you ignore that.

Oh my god.. are you a fuckin idiot

Soul Crusher · « **Reply #211 on:** February 24, 2011, 11:53:17 AM »

Quote from: Option D on February 24, 2011, 11:52:10 AM

Oh my god.. are you a fuckin idiot

Does Exxon set the price? YES or NO?

Option D · « **Reply #212 on:** February 24, 2011, 12:20:53 PM »

Quote from: 333386 on February 24, 2011, 11:53:17 AM

Does Exxon set the price? YES or NO?

i swear you dumb..If it was a supply thing.,.. they wouldnt be able to have RECORD profits... Correct?

Hereford · « **Reply #213 on:** February 24, 2011, 12:25:38 PM »

Didn't read the 9 pages of thread yet.... but do you realize how much 'fluff' and markup and union spending/appeasing bullshit takes place in the oil companies?

Gas could easily be half what it costs.

Option D · « **Reply #214 on:** February 24, 2011, 12:48:13 PM »

Soul Crusher · « **Reply #215 on:** February 24, 2011, 12:49:26 PM »

Quote from: Option D on February 24, 2011, 12:48:13 PM

BOOM

Boom what?

Tell me genius - who sets the price of gasoline we pay at the pump?

Option D · « **Reply #216 on:** February 24, 2011, 12:50:10 PM »

Quote from: 333386 on February 24, 2011, 12:49:26 PM

Boom what?

Tell me genius - who sets the price of gasoline we pay at the pump?

GREEDY FUCKS.. WHO CAN

Soul Crusher · « **Reply #217 on:** February 24, 2011, 12:51:54 PM »

Quote from: Option D on February 24, 2011, 12:50:10 PM

GREEDY FUCKS.. WHO CAN

And why is that?

Option D · « **Reply #218 on:** February 24, 2011, 01:00:24 PM »

Hamid Karzai was a "consultant" for unocal.. you do the math

Hereford · « **Reply #219 on:** February 24, 2011, 01:03:20 PM »

Gas prices are set by the fuel companies and suppliers. Most stations add a few pennies or percentage on top of what fuel is delivered to them for.

You are being intellectually dishonest if you think the cost of gas is subject to actual fair market forces.

Soul Crusher · « **Reply #220 on:** February 24, 2011, 01:11:42 PM »

Quote from: Hereford on February 24, 2011, 01:03:20 PM

Gas prices are set by the fuel companies and suppliers. Most stations add a few pennies or percentage on top of what fuel is delivered to them for.

You are being intellectually dishonest if you think the cost of gas is subject to actual fair market forces.

I think the game is rigged, but i do in terms of there no actually being a free market.

The things in society where there is a free market - prices keep going lower, better services, etc.

I remember paying $3,400 for a toshiba lptop back in 1993 for college cause i had to. Looking back, that thing probably could not hadle even the most basic application today. Yet today, you can get a netbook for $249 which ha more power than a computer of $4,000 of years ago.

Free market works when it is tried.

Hereford · « **Reply #221 on:** February 24, 2011, 01:14:04 PM »

Quote from: 333386 on February 24, 2011, 01:11:42 PM

I think the game is rigged, but i do in terms of there no actually being a free market.

The things in society where there is a free market - prices keep going lower, better services, etc.

I remember paying $3,400 for a toshiba lptop back in 1993 for college cause i had to. Looking back, that thing probably could not hadle even the most basic application today. Yet today, you can get a netbook for $249 which ha more power than a computer of $4,000 of years ago.

Free market works when it is tried.

Gas isn't going to get cheaper. It's not technology.

Option D · « **Reply #222 on:** February 24, 2011, 01:16:22 PM »

oil has to be the most rigged commodity on the market.

tu_holmes · « **Reply #223 on:** February 24, 2011, 02:12:12 PM »

Quote from: Option D on February 24, 2011, 01:16:22 PM

oil has to be the most rigged commodity on the market.

Exactly!

A small group can directly control the price fluctuation by buying and holding and selling when it's time to do so.

Soul Crusher · « **Reply #224 on:** February 25, 2011, 10:44:40 AM »

Libya oil production to shut down completely-BofA
Thu, Feb 24 2011

LONDON, Feb 24 (Reuters) - Oil production in Libya is expected to shut down completely and could be lost for a prolonged period of time, Bank of America Merrill Lynch said on Thursday.

"We expect Libyan production to be shut down completely and we might lose sweet crudes from Libya for a prolonged period of time," Bank of America Merrill Lynch analyst Sabine Schels told Reuters.

Schels said that the world faced the prospect of real supply shock in which the loss of 1.6 million barrels per day of sweet oil could potentially trigger a steep rise in prices and force a sharp reduction in demand to balance the system.

"Some of the supply can be replaced with Saudi light crude and some from SPR, but if the disruption is prolonged, we will need demand to drop to balance the system," Schels said.

The bank is currently discussing scenarios and outlooks, and will publish a report on its findings in the coming days.

"We already faced a demand shock last year with global demand increasing by 2.8 million bpd and on top of that, what we have now is a real supply shock," Schels said.

"In a price shock scenario whereby we lose 1.6 million bpd, the rise in prices can be a lot greater than in the case of a demand shock. (Reporting by Jessica Donati; editing by Marguerita Choy)