Surge in oil prices is all smoke and mirrors

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been that way for years
last time gas was 4.00 a gallon oil was 148
now its 105 and 369 a gallon
they do what they want to
 
jmcp said:
Demand is at a 10 year low over supply right now yet it keeps going up.We areheld hostage by the speculators


http://www.thestate.com/2012/02/22/2162203/blame-speculators-for-high-gas.html
Click to expand...

You can also blame the falling dollar, and inflation in general. Oil is traded in dollars, internationally.

All those dollars printed by Bernanke have to go somewhere... now you know where.

Plus resource scarcity comes into play here too.

India and China want the same lifestyle we have here in the US. Something has to give.
 
Weird tolkienish figure said:
jmcp said:
Demand is at a 10 year low over supply right now yet it keeps going up.We areheld hostage by the speculators


http://www.thestate.com/2012/02/22/2162203/blame-speculators-for-high-gas.html
Click to expand...

You can also blame the falling dollar, and inflation in general. Oil is traded in dollars, internationally.

All those dollars printed by Bernanke have to go somewhere... now you know where.

Plus resource scarcity comes into play here too.

India and China want the same lifestyle we have here in the US. Something has to give.
Click to expand...

i've been saying this fueling the chinese market we be shooting ourselves in the foot! or is it feet! now back to burning pellets while i can still afford them..........
 
If you goggle U.S. oil exports you'll see how much oil this country exports.It's more than we import.
 
urkiddin said:
If you goggle U.S. oil exports you'll see how much oil this country exports.It's more than we import.
Click to expand...

It's the first time this had happened in nearly 20 years by the way. People should remember this when some politician or lobbyist for Big Oil claims we need more domestic production in order to lower the price of gasoline, fuel oil, etc. It simply isn't true as most increased production will most likely be exported and do very little to lower domestic prices. The Keystone Pipeline project is one such example. That additional tar sands, low quality, crude will only be exported as diesel or some other lesser refined petroleum product as it's very difficult and expensive to refine tar sands oil. Don't believe the man behind the curtain folks. About all we can do as consumers is limit our individual use of any petroleum product as much as possible.
 
Chain said:
urkiddin said:
If you goggle U.S. oil exports you'll see how much oil this country exports.It's more than we import.
Click to expand...

It's the first time this had happened in nearly 20 years by the way. People should remember this when some politician or lobbyist for Big Oil claims we need more domestic production in order to lower the price of gasoline, fuel oil, etc. It simply isn't true as most increased production will most likely be exported and do very little to lower domestic prices. The Keystone Pipeline project is one such example. That additional tar sands, low quality, crude will only be exported as diesel or some other lesser refined petroleum product as it's very difficult and expensive to refine tar sands oil. Don't believe the man behind the curtain folks. About all we can do as consumers is limit our individual use of any petroleum product as much as possible.
Click to expand...
Click to expand...
good point, couldn't have said it better my self, it's the whole reason i burn pellets. The biggest corporate welfare out there is big oil. As far as speculators go the rules are set to change on that in october, not in time for summer but at least it's on it's way.
 
noelp68 said:
Chain said:
urkiddin said:
If you goggle U.S. oil exports you'll see how much oil this country exports.It's more than we import.
Click to expand...

It's the first time this had happened in nearly 20 years by the way. People should remember this when some politician or lobbyist for Big Oil claims we need more domestic production in order to lower the price of gasoline, fuel oil, etc. It simply isn't true as most increased production will most likely be exported and do very little to lower domestic prices. The Keystone Pipeline project is one such example. That additional tar sands, low quality, crude will only be exported as diesel or some other lesser refined petroleum product as it's very difficult and expensive to refine tar sands oil. Don't believe the man behind the curtain folks. About all we can do as consumers is limit our individual use of any petroleum product as much as possible.
Click to expand...
Click to expand...
good point, couldn't have said it better my self, it's the whole reason i burn pellets. The biggest corporate welfare out there is big oil. As far as speculators go the rules are set to change on that in october, not in time for summer but at least it's on it's way.
Click to expand...

What rules are changing in October?, i wish please end this oil monopoly!!
 
Pellet-King said:
noelp68 said:
Chain said:
urkiddin said:
If you goggle U.S. oil exports you'll see how much oil this country exports.It's more than we import.
Click to expand...

It's the first time this had happened in nearly 20 years by the way. People should remember this when some politician or lobbyist for Big Oil claims we need more domestic production in order to lower the price of gasoline, fuel oil, etc. It simply isn't true as most increased production will most likely be exported and do very little to lower domestic prices. The Keystone Pipeline project is one such example. That additional tar sands, low quality, crude will only be exported as diesel or some other lesser refined petroleum product as it's very difficult and expensive to refine tar sands oil. Don't believe the man behind the curtain folks. About all we can do as consumers is limit our individual use of any petroleum product as much as possible.
Click to expand...
Click to expand...
good point, couldn't have said it better my self, it's the whole reason i burn pellets. The biggest corporate welfare out there is big oil. As far as speculators go the rules are set to change on that in october, not in time for summer but at least it's on it's way.
Click to expand...

What rules are changing in October?, i wish please end this oil monopoly!!
Click to expand...
Click to expand...
I don't know the rule change, I herd on the news that there were changes to speculators that goes into effect this october, I hope it helps, wish I knew more.
 
noelp68 said:
Pellet-King said:
noelp68 said:
Chain said:
urkiddin said:
If you goggle U.S. oil exports you'll see how much oil this country exports.It's more than we import.
Click to expand...

It's the first time this had happened in nearly 20 years by the way. People should remember this when some politician or lobbyist for Big Oil claims we need more domestic production in order to lower the price of gasoline, fuel oil, etc. It simply isn't true as most increased production will most likely be exported and do very little to lower domestic prices. The Keystone Pipeline project is one such example. That additional tar sands, low quality, crude will only be exported as diesel or some other lesser refined petroleum product as it's very difficult and expensive to refine tar sands oil. Don't believe the man behind the curtain folks. About all we can do as consumers is limit our individual use of any petroleum product as much as possible.
Click to expand...
Click to expand...
good point, couldn't have said it better my self, it's the whole reason i burn pellets. The biggest corporate welfare out there is big oil. As far as speculators go the rules are set to change on that in october, not in time for summer but at least it's on it's way.
Click to expand...

What rules are changing in October?, i wish please end this oil monopoly!!
Click to expand...
Click to expand...
I don't know the rule change, I herd on the news that there were changes to speculators that goes into effect this october, I hope it helps, wish I knew more.
Click to expand...
Click to expand...
http://www.nytimes.com/2011/09/25/business/economy/new-rule-gives-commodities-speculators-a-break.html?_r=1 this looks like it might not help, seems like wall street got it's hands on it
 
I kind of wish THEY would just say we are going to just rob you blind, rather than oh in Iran or China or whatever. It doesn't matter if its a country we import oil from if there is a conflict they blame it on it. It won't make it any better but just say We're going to stick it to you and we have no reason just want to make a couple more Billion dollars this quarter.
 
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