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Gas is about to skyrocket

Old 12-06-2011, 03:53 PM
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Default Gas is about to skyrocket

Paradoxically, while oil has shot up $26 a barrel in approx the last 8 - 10 weeks, gasoline has been dropping. Here, it went up 10 cents a gallon overnight. I predict another 50 cent per gallon increase by the end of February. If the price per barrel stays the same, it may be $4 a gallon in the first quarter of 2012.

In a terrible economy, with gushing reserves and demand destruction, oil has increased dramatically. If the economy ever improves, we will see oil rise off the charts for the simple reason...they can...and we are not only doing nothing to prevent it, we are doing everything to help it along.
Old 12-06-2011, 04:24 PM
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Gas dropped from $3.19 to $3.18 Monday. It will stay that way for awhile. But the least little blip on the radar and it will jump 30 cents in one day. It's Bush's fault or Katrina's.
Old 12-06-2011, 05:13 PM
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A little over a month ago, it was dropping and then shot up 13 cents overnight and then started a slow drop. Last night it went up, 10 cents by this morning. I wish it would stay down.
Old 12-06-2011, 05:30 PM
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Our economy will have subpar growth until we have an energy plan. I am stunned that the politicians have not seized on this opportunity. What is the US energy plan? Is there one?

And then there is the ole devaluing dollar Bernanke. Just when the dollar starts to strengthen, Bernanke take steps to weaken it to prop up equities. If the equities are going to collapse, let em collapse - at least commodities would be cheaper.

I wish Bernanke would leave the dollar alone. I am tired of my money not buying as much as it used to.
Old 12-06-2011, 05:47 PM
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Originally Posted by littletunny View Post
Our economy will have subpar growth until we have an energy plan. I am stunned that the politicians have not seized on this opportunity. What is the US energy plan? Is there one?

And then there is the ole devaluing dollar Bernanke. Just when the dollar starts to strengthen, Bernanke take steps to weaken it to prop up equities. If the equities are going to collapse, let em collapse - at least commodities would be cheaper.

I wish Bernanke would leave the dollar alone. I am tired of my money not buying as much as it used to.
The energy plan was Solyndra and everything else green. The problem is no one could afford anything green because every time the middle class gets an extra dollar in the bank the oil company's make them spend it to get back and forth to work. All the while the current administration is to busy concentrating on bigger problems like the health care crisis they created out of thin air.
Old 12-06-2011, 07:06 PM
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Originally Posted by littletunny View Post
Our economy will have subpar growth until we have an energy plan. I am stunned that the politicians have not seized on this opportunity. What is the US energy plan? Is there one?

And then there is the ole devaluing dollar Bernanke. Just when the dollar starts to strengthen, Bernanke take steps to weaken it to prop up equities. If the equities are going to collapse, let em collapse - at least commodities would be cheaper.

I wish Bernanke would leave the dollar alone. I am tired of my money not buying as much as it used to.

They have.

They're making tons of money along with the oil industry.
Old 12-06-2011, 07:11 PM
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Originally Posted by twobyfour View Post
The energy plan was Solyndra and everything else green. The problem is no one could afford anything green because every time the middle class gets an extra dollar in the bank the oil company's make them spend it to get back and forth to work. All the while the current administration is to busy concentrating on bigger problems like the health care crisis they created out of thin air.
The energy plan was to make current forms of energy so expensive that projects like Solyndra would appear economical. With Oil sub $100, the only forms of energy that can compete on a true cost basis are coal and nuclear..Coal is being regulated out of business with environmental restrictions, the nuclear program is bogged down in slow track permitting and federal review. I guess he forgot about the whole world economy thing... China is happy to step in and supply cheaper solar equipment, build our bridges with steel we can't afford to make due to energy costs and regulations. The whole CO2/greenhouse gasses-tied to global warming thing is completely out of control and without regard to the costs imparted to the major manufacturing sector.
Old 12-06-2011, 07:19 PM
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Originally Posted by littletunny View Post
Our economy will have subpar growth until we have an energy plan. I am stunned that the politicians have not seized on this opportunity. What is the US energy plan? Is there one?

And then there is the ole devaluing dollar Bernanke. Just when the dollar starts to strengthen, Bernanke take steps to weaken it to prop up equities. If the equities are going to collapse, let em collapse - at least commodities would be cheaper.

I wish Bernanke would leave the dollar alone. I am tired of my money not buying as much as it used to.
Why does this suprise you?
Old 12-06-2011, 07:25 PM
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--Winter primary fuel is Diesel & heating oil --Gas WILL go up
Old 12-06-2011, 07:33 PM
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The last time diesel fuel went up to the moon, I nearly lost everything (I still have a car a boat and a semi truck left), just by mere coincidence my supplier got bought by Cemex and all my materials prices double overnight, I was expending $600 a day per truck, I don't know if it was a good or bad thing that I could only afford one truck on the road and that was because I was driving.

For this new year my prediction is, that fuel is going to get back to those levels and probably a little higher, then few months before the election Obummer is going to start a campaign against it, a real ferocious campaign and bringing the prices down to near or under $2 a gallon, making him the hero and the most popular president before any election and getting reelected, then we can kiss the good bye the good o'l America as we knew it and welcome the new UN.

My god I hope I'm 100% wrong.
Old 12-06-2011, 07:39 PM
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Since the economy has fallen apart we are unable to use our refining capacity. The extra gas coming out of the refineries has created an oversupply. We are exporting gasoline in record quantities to other countries. The gas companies create an artificially high market by selling off the reserve instead of lowering refining output. Get rid of the supply and demand will increase and market prices remain the same instead of going down.
Old 12-06-2011, 07:44 PM
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Gas goes up just before summer?? Ive never heard of such a thing!!!
Old 12-06-2011, 07:54 PM
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buying energy stocks may help to subsidize your boating
Old 12-07-2011, 07:35 AM
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Fun info here...

http://www.msnbc.msn.com/id/45567634...s-motley_fool/
Old 12-07-2011, 08:07 AM
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I have never understood the resistance to the Keystone xl pipeline. It is ready to go, will provide 30,000 construction jobs and all the refining done in the US. Oil comes from you most stable trading partner Canada and from the biggest pool in the world. I don't see any downside. As Canadians we don't understand the resistance
Old 12-07-2011, 08:08 AM
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Oil numbers are always estimates. The CIA estimates for 2010 in millions of barrels per day:

World production: 87.5
US production: 9.7
US consumption: 19.1

So, the world outside the US produces about 77.8 with most controlled by national oil companies. We import about 9.4 and the rest of the world consumes the remaining 68.4.

Oil is getting more expensive to find. The rest of the world, which uses less energy per person then the USA, is happy to pay higher prices.

Too big a market for "speculators" to control. Too big a market for the "gas companies" to manipulate (I'm not about a few pennies per gallon).

The view hasn't changed for years. Energy in real terms will get more expensive. The US dollar has gained relative to world currencies lately so oil price increases in the USA are less than in other countries. If the US dollar slips, we will probably have to pay even more at the pump.
Old 12-07-2011, 08:10 AM
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I hope y'all are all wrong on the price of gas but have a feeling we'll take another beating for years to come. Once we reach the $5\$6 per gallon mark, middle class is broke due to energy cost, we'll be right where they think we should be.
Old 12-07-2011, 08:26 AM
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Originally Posted by grbaron View Post
I have never understood the resistance to the Keystone xl pipeline. It is ready to go, will provide 30,000 construction jobs and all the refining done in the US. Oil comes from you most stable trading partner Canada and from the biggest pool in the world. I don't see any downside. As Canadians we don't understand the resistance
Let me explain. Obama is in between a rock and a hard place because the Unions are begging for the pipeline for the jobs. However, the tree huggers (environmentalists) don't want anything to do with it because it might hurt a salamander* or some crazy shit. Now Obama knows he can't piss off the unions or the enviro-nazis so he decided to wait until after the November 2012 elections to make a decision. Now that boys, is a GREAT LEADER.

*There is no harm to salamanders, enviro-nazis hate anything to do with oil or coal or energy of any kind. Yet I'm sure their heaters were blowing last night.
Old 12-07-2011, 08:52 AM
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Originally Posted by CARV View Post
Let me explain. Obama is in between a rock and a hard place because the Unions are begging for the pipeline for the jobs. However, the tree huggers (environmentalists) don't want anything to do with it because it might hurt a salamander* or some crazy shit. Now Obama knows he can't piss off the unions or the enviro-nazis so he decided to wait until after the November 2012 elections to make a decision. Now that boys, is a GREAT LEADER.

*There is no harm to salamanders, enviro-nazis hate anything to do with oil or coal or energy of any kind. Yet I'm sure their heaters were blowing last night.
I'm hearing that Congress is trying to go around Obama's decision postponement.
Old 12-07-2011, 09:13 AM
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Originally Posted by CARV View Post
Let me explain. Obama is in between a rock and a hard place because the Unions are begging for the pipeline for the jobs. However, the tree huggers (environmentalists) don't want anything to do with it because it might hurt a salamander* or some crazy shit. Now Obama knows he can't piss off the unions or the enviro-nazis so he decided to wait until after the November 2012 elections to make a decision. Now that boys, is a GREAT LEADER.

*There is no harm to salamanders, enviro-nazis hate anything to do with oil or coal or energy of any kind. Yet I'm sure their heaters were blowing last night.
Bet Robert Redford's jet doesn't burn used cooking oil either.

Pipelined oil is the safest method of transport.

Canada supplies 31 percent of US oil and you don't have to get into wars to keep the supply stable

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