Thats not the point they have doubled in the last two years. We expect some rise but not to double in that short of time.
"The US military has warned that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact."
Some people can only learn the hard way I guess! :sun
Wrong we learn not to vote democrat and gas may cost less.
and devaluation of the dollar is the most insidious of all
why does the energy secretary PREFER eight dollar gas?
why do so many obama supporters want to FORCE us out of our cars?
why did the slasher tell the chronicle he would ACTIVELY bankrupt coal?
know the man!
vote obama 2012!
Every time a hurricane comes close? got links ?
And how again has Obama increased the world pricing of oil?
First, let me note that I believe GW is ~10-30% anthropogenic.
I believe gas prices should be higher. Some cost of extraction, processing and use is currently an externality. I'm happy with the prices being higher and oil companies (and their fat CEOs) reaping the profit for fame and recreation in exotic lands. Plan B is to let tax account for the externalities. Either way is ok for me. With the free market and government competing for externality profit, I'm politically torn.
Thus, I don't much care who's gonna get what; however, I'm sure the price is too low. It is cheating future generations of inheritance, one way or another.
I'm pro gas-price-increase, and that's terrible for a free-wheeling free-marketeer.
I believe gas prices should be higher.
Only the free market can determine the price and value of a product. It's when the government gets involved that the process become distorted, and with predictable consequences.
HAHHAHHAHHAHA, free market in the oil market.. you have got to be smoking some great weed Grant. Speculation is driving the oil price, pure and simple, and the free market for oil prices went poof a very very long time ago.
That is only a feasible idea for idiots that have no comprehension that world oil production peaked in 2006 while world demand continued to grow. See the warning a year ago from the U.S Military. :sun
Watch this over and over again until it sinks in people....This is planned.
j-mac
Watch this over and over again until it sinks in people....This is planned.
j-mac
Nice broken record but it does little to justify the doubling of price under Obama.
All he has to do is tell the oil producers that he will allow them to drill for oil anywhere in the America, ANWR for example, and the speculators will start speculating that oil prices will come down.
Nice broken record but it does little to justify the doubling of price under Obama.
That's what happens when approaching world peak oil. See last year's statement from the US Military when they warned we were approaching peak oil. :sun
Do you believe in capitalism and the market setting the price?
Yeah yeah you are a broken record. Notice when ever Obama is in campaign mode he talks about drilling.
Speculators are smart enough to know that drilling the small amount of oil in ANWR would have negligble effect on world prices, and Obama didn't stop it. Congress stopped it. McCain voted against it when it came up for a vote last year.
Sure, the GOP has found that suckers just love their "drill, baby drill" campaign slogan. Obama is co-opting it! :sun
It's fair to point out that it was Obama's Democrat Congress that stopped any drilling and while Clinton was President he vetoed Congressional approval, claiming it would take ten years before the oil arrived anyway.
Sure, the GOP has found that suckers just love their "drill, baby drill" campaign slogan. Obama is co-opting it! :sun
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