According to local news reports in Fairfax County and CNN; gas prices will be going up again...

JUST A SIGN THAT THE STATE OF AMERICA'S ECONOMY IS SPIRALING DOWN...QUICKER THAN MOST OF US CAN COMPREHEND.

I blame Bush taking care of his oil buddies

Ahhh, a nice dose of hope and change.

who is to blame Wrote:
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> I blame Bush taking care of his oil buddies


I happen to agree.

Most of you could benefit from a refresher course in how the global oil market works.

Also, a rise in price does not say much about the economy. Heck, prices can rise in a good economy because consumption starts to outstrip the ability to increase supply.

If you want to blame anyone, blame the hedge fund guys who manipulate the market and the decade of inaction by the government to curb it. Supply and demand doesn't matter when those guys decide to pump the price up.

Blame the sanctions on Iran (due to the nuclear bomb making project). Blame the threats that followed from Iran about closing the Strait of Hormuz. It's the Iran mess.

Idiots Wrote:
-------------------------------------------------------
> Also, a rise in price does not say much about the
> economy.

The price of oil imported by the US has a 96% correlation factor to GDP.

I-R-A-N Wrote:
-------------------------------------------------------
> Blame the sanctions on Iran (due to the nuclear
> bomb making project). Blame the threats that
> followed from Iran about closing the Strait of
> Hormuz. It's the Iran mess.


Two immediate problems with your theory..........

The Saudi's have already guaranteed to make up any shortfall from any slowdown in oil production to any of the countries effected.

And........aint nothin happened over there yet except some package grabbing.



Edited 1 time(s). Last edit at 01/17/2012 07:34AM by Vexxxed.

Another reason to protest against more money printing by the Fed.

The price of crude oil rose by 45-50 dollars a barrel in each of the last two quantitative easing by the Fed.

The price at the pump is likely to reach $5 in 2013.

Have you guys considered that Oil is a limited commodity? Production levels have plateaued, regardless if you think so or not, all that matters is OPEC believes they have maximum production. Regardless it is getting more and more expensive to get the oil out there. People want to keep treating oil as an elastic commodity, but it isn't it has a finite amount in comparison to other commodities. The last 3 years of depressed growth, while maintaining 100 dollar per barrel oil shows that even with a reprieve in usage the demand still far out numbers the supply.

Get over it and change your lifestyle. Maybe start thinking about moving closer than 20 miles from your job, or find a place close to a metro cause if the US was more similar to 80% of the countries in the world you would be paying closer to 10 dollars per gallon than 3 dollars per gallon. Think about how much per month if gas rises to 6 dollars your expenses might be?

30 miles per day on average x 30 days per month x 1/30 gallon per mile (good fuel economy car) x $6 per gallon gas = 180 dollars per month per person. A married couple could be spending 400 dollars per month... thats the same difference in rent/mortgage for finding a comparable place closer to the city. 400 dollars monthly mortgage currently is worth about 100,000 in home cost in a 30 year mortgage. Median price different between Western Fairfax houses and inside the beltway is less than $100,000.

Plan ahead and you wont be screwed.

Issues, such as Gas Prices in America, should not be ignored. Just one of the many things in life that people need to put in their cars/vehicles to get to where they need to go...

If it means re-adjusting our budgets and making minor or major sacrifices just to GET BY; okay. So be it.

". The last 3 years of depressed growth, while maintaining 100 dollar per barrel oil shows that even with a reprieve in usage the demand still far out numbers the supply."

Actually, it's fallen below 100 dollars by a good distance on three occasions.

In 2009, the price of oil collapsed by 80 dollars after the Lehman collapse.

In 2010 and 20011, the price of oil fell by 40 dollars when the Fed halted quantitative easing.

The central banks are holding down interest rates on bonds, leaving very few alternatives to hedge inflation.

The long view on oil is that it will be higher. It is a limited commodity. We should be thinking about what the price will be 50 years from now (our kids and grandkids). We should be making the lifestyle adjustments now because it will only get more expensive to do it later. Do it for your kids and their kids. Don't waste. Everyone just thinks about next year. That's the problem.

Avoid being screwed Wrote:
-------------------------------------------------------
> Plan ahead and you wont be screwed.


Way ahead of you. I already have 20 five gallon gas can full and stored in my attic.

That'll show them........I'm going to flood the market just as soon as they raise prices again.

GAS TOPIC REMOVED... Wrote:
-------------------------------------------------------
> Issues, such as Gas Prices in America, should not
> be ignored. Just one of the many things in life
> that people need to put in their cars/vehicles to
> get to where they need to go...
>
> If it means re-adjusting our budgets and making
> minor or major sacrifices just to GET BY; okay. So
> be it.


So you're okay with getting fucked by oil companies that are driven by speculators that key off of government fuck ups?

Good to know you're paying attention.

short sighted Wrote:
-------------------------------------------------------
> The long view on oil is that it will be higher.
> It is a limited commodity. We should be thinking
> about what the price will be 50 years from now
> (our kids and grandkids). We should be making the
> lifestyle adjustments now because it will only get
> more expensive to do it later. Do it for your
> kids and their kids. Don't waste. Everyone just
> thinks about next year. That's the problem.


The next generation of Chevy Volts will be powered by Solyndra solar panels.

Problem solved.

Avoid being screwed Wrote:
------------------------------------------------------
>
> Get over it and change your lifestyle. Maybe start
> thinking about moving closer than 20 miles from
> your job,

Sure lets all be crammed in a city like Tokyo

> or find a place close to a metro cause
> if the US was more similar to 80% of the countries
> in the world you would be paying closer to 10
> dollars per gallon than 3 dollars per gallon.
> Think about how much per month if gas rises to 6
> dollars your expenses might be?

Bullshit those smaller countries would just jack gas tax up even higher. Other countries pay more for gas because their governments tax it more.

Brent crude futures were up 77 cents at $112.11 a barrel by 0857 GMT, gaining for a second day.

U.S. crude rose $1.81 a barrel to $100.51. There was no settlement price for the benchmark on Monday because of a U.S. holiday.

Analysts and traders said China's 8.9 percent fourth-quarter GDP growth had helped lift commodities and equities.

Although the growth figure was the weakest in two and a half years, it was still better than a forecast of 8.7 percent made by economists in a Reuters poll.

But China's implied oil demand climbed to an all-time high of 9.64 million barrels per day in December, up 0.4 percent from a year earlier, and finished 2011 with 6.8 percent growth.


KEEP BUYING WALWART!!!!!!
Attachments:

Oil up?....GOOD!!!! Higher transportation cost are bring factories bact to the US.


http://www.theatlantic.com/business/archive/2011/12/get-ready-for-manufacturings-big-comeback/250291/

http://corp.americanexpress.com/gcs/insideedge/articles/movingfactories-ct.aspx

http://www.economist.com/node/18682182

https://www.google.com/search?q=factories+moving+back&sourceid=ie7&rls=com.microsoft:en-us:IE-SearchBox&ie=&oe=

If the gas prices spike too high it will end up placing a huge drag on the economy - right into the next election. That will pretty much end it for Obama.

If you can’t model the past, where you know the answer pretty well, how can you model the future? - William Happer Cyrus Fogg Brackett Professor of Physics Princeton University

Registered Voter Wrote:
-------------------------------------------------------
> If the gas prices spike too high it will end up
> placing a huge drag on the economy - right into
> the next election. That will pretty much end it
> for Obama.

A boy can dream, eh RV? It's so sad that you'd
gladly see this counrty hobbled economically if it
meant President Obama would not be re-elected.

____________________________________________________________

“When a corporation farts, I'll believe it's a human being.” – Dylan Ratigan

Registered Voter Wrote:
-------------------------------------------------------
> If the gas prices spike too high it will end up
> placing a huge drag on the economy - right into
> the next election. That will pretty much end it
> for Obama.

We are already there Hoss. Some posters here have cited Fed policy as the reason for the current spike in fuel prices do to induced inflation and they would be right.

This is just one result from bad fed policy. Unfortunately it has resulted in inflation of crude oil and refined fuel prices even before the economy can get rolling. It will be a double whammy if the economy starts growing. A preemptive strike against economic recovery. Just what the doctor ordered.

The libs blame people like me for wanting the economy fail while their leaders have formed a circular firing squad.

It is truly a fuster cluck to behold.

China's GDP was low (as fake as it is).

The real lift came from the Bank of China injecting $28 billion into the markets overnight.

It goes back to the printing presses again.

Asia has been down due to the problems in the Euro and the falling currencies in US and Europe.

Americans did reduce their gas consumption from 2008 levels, substantially.
People turned their thermostats way down to decrease their home heating oil...to the point where THREE refineries in the NE want to shut down.

Who buys US oil, gee, not us...thry sell it to the Netherlands to get more $$$$$. And screw us.

And the Chinese will sell their sould to get more oil and gas.

So, beating up on folk in the US just does NOT cut it.

Why are we subsidizing the oil companies to the tune of BILLIONS so they can sell their oil elsewhere and cater to the Chinese? Let China or the Netherlands pay their subsidy and give prople in the US reasonable prices.

We don't need to get into oil wars to fatten other countries' snakes, either.

Want your isthmus open????? Go do it yourself.....we are already bled out.

This such bullshit there is no reason it needs to be that high all it is the oill executives being greedy wanting mmore money to sit on there ass and have fancy things while us hard working people struggle to make to work crooks I hop they choke on it. They just don't care

It's amusing when poor people fret over a few dollars at the pump.

It's up 36 cents a gallon since the beginning of the year.

When gas prices spike just do like they did back in the early 80s and steal from thy neighbor's gas tank.

the truth of the matter is that oil/energy is the new currency.as the govt. gets deeper in debt your $ is worth less .

Stinkfist Wrote:
-------------------------------------------------------
> It's amusing when poor people fret over a few
> dollars at the pump.


Yeah I know what you mean. I stopped looking at the price of gas 10 years ago, I just cram my discover card in the nearest gas pump when needed go where I need or want to go. Its just that the high cost of oil drives up the cost of everything else.
But truly life is way too short to worry about the cost of fuel in your own tank.

The higher the price of oil, the more prosperous the oil-producing countries become and start consuming more oil. Also, the production plateaus and they consume more energy internally.

WE are big oil.
WE have it and YOU need it.
YOU will pay as much as WE decide you will pay.
any questions?

GAS PRICES Wrote:
-------------------------------------------------------
> According to local news reports in Fairfax County
> and CNN; gas prices will be going up again...
>
> JUST A SIGN THAT THE STATE OF AMERICA'S ECONOMY IS
> SPIRALING DOWN...QUICKER THAN MOST OF US CAN
> COMPREHEND.


Gas always goes up in Spring and peak on Memorial day when demand is at its highest. Its only been going on for 50 years! I curse your supply and demand!!!!

I was in Springfield last night. Shell at corner of Backlick and Industrial had regular for $3.95



btws, what ever happened to the release of stockpile gasoline from the strategic resrve that the Obama administration announced a few months back to try and lower prices at the pump?

Huge Hefner Wrote:
-------------------------------------------------------
> I was in Springfield last night. Shell at corner
> of Backlick and Industrial had regular for $3.95
>
>
>
> btws, what ever happened to the release of
> stockpile gasoline from the strategic resrve that
> the Obama administration announced a few months
> back to try and lower prices at the pump?

That's only for an emergency is case we go to war with Iran or any other country we don't get oil from.

Of course even then we wont use it here. We'll give it to the Chinese as an interest payment or to Japan so they'll build more cars to ship over here or even Germany so they can shit on us again.

Can't sell it here though. That would be price fixing and only big oil is allowed to do that.

How about blaming the American refineries.

Exxons been doing well since Dick and Bush.

Why is no one demonstrating at their huge campus off rt 50?

Vexxxed Wrote:
-------------------------------------------------------
> short sighted Wrote:
> --------------------------------------------------
> -----
> > The long view on oil is that it will be higher.
>
> > It is a limited commodity. We should be
> thinking
> > about what the price will be 50 years from now
> > (our kids and grandkids). We should be making
> the
> > lifestyle adjustments now because it will only
> get
> > more expensive to do it later. Do it for your
> > kids and their kids. Don't waste. Everyone
> just
> > thinks about next year. That's the problem.
>
>
> The next generation of Chevy Volts will be powered
> by Solyndra solar panels.
>
> Problem solved.


Actually they made rather good panels, they were just too expensive.

Lockerbie bomber released in exchange for lucrative Libyan oil contract

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/07/15/MNM21EF4FD.DTL

Atom Wrote:
-------------------------------------------------------
> How about blaming the American refineries.
>
> Exxons been doing well since Dick and Bush.
>
> Why is no one demonstrating at their huge campus
> off rt 50?


What would you demonstrate?

How bout:

You're no good
You ingrates
Thanks for killing our V8s

Or

You take our cash
You fix the gas
Time to take out all the trash

Or
Your steadfast greed
Has made us bleed
Now we will take your subsidies

I'm convinced Atom is 12 years old