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CNBC: Next Stop $6 A Gallon . $7 Not Far Away
http://radioviceonline.com/ ^ | April 21,2011 | Jim Vicevich

Posted on 04/21/2011 8:41:33 AM PDT by Biggirl

If gas prices were on a train right now it would definitely be riding the President’s high speed rail. Steve posted on this in March when gas was around $3. The we told you a week ago that gas prices (then $3.90) were headed in this direction and got no interest from callers. Something tells me gas will soon be center stage. CNBC thinks so … so do others. Obama video below the fold.

CNBC’s report is getting plenty of play, and well it should. While Trump has been grabbing the headlines inside the beltway … oil has been grabbing your bucks, and CNBC explains how the dollar is the root cause and Obama the accomplice,

Weakness in the US currency feeds upward pressure on commodities, which are priced in dollars and thus come at a discount on the foreign markets.

One result has been a surge higher in gasoline prices to nearly $4 a gallon before the summer driving season even starts, a trend that economists say will be aggravated as demand increases and the summer storm season threatens to disrupt oil supplies.

(Excerpt) Read more at radioviceonline.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: carter2; cnbc; cw2; cwii; energy; gas; gasoline; lineinthesand; obama
A coming "perfect storm" for gas prices?
1 posted on 04/21/2011 8:41:39 AM PDT by Biggirl
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To: Biggirl
This was Obama's plan. He publicly said so.

He wants everyone on public transportation so Eric Holder's people are able to assault and/or rob them for being racists.

2 posted on 04/21/2011 8:45:55 AM PDT by E. Pluribus Unum (When and why did Steve Dunham change his name to Barack Hussein Obama? When he converted to Islam?)
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To: Biggirl

I have had a theory on this for years and it’s proved correct. Once the msm says the price will go to X dollars, it will because they’ve given permission for it to do so. Once it’s said, the oil companies know the public has been braced for it so they’re free to raise the price.


3 posted on 04/21/2011 8:46:00 AM PDT by bgill (Kenyan Parliament - how could a man born in Kenya who is not even a native American become the POTUS)
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To: Biggirl

Where are all the lib pundits on this issue. If a Pubbie were in the WH, they would be talking about this night and day?


4 posted on 04/21/2011 8:46:06 AM PDT by Signalman
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To: Biggirl

Just wait till the bastard wins a second term. We ain’t seen nuthin yet.


5 posted on 04/21/2011 8:47:37 AM PDT by skeeter
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To: Biggirl

yet Trump is a flipping moron for suggesting we pay back our Iraq War costs by taking it out in oil?

(Mis-characterized of course by the media as “taking over Iraqi oilfields...)

Let’s wait and see how nutty that idea seems when gas is $7/gallon. And whether Barry gets interested in anything other than golf.


6 posted on 04/21/2011 8:47:42 AM PDT by bigbob (u)
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To: Biggirl
A perfect storm for a boom in Texas.

FUBO!

7 posted on 04/21/2011 8:49:55 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: E. Pluribus Unum

Which could result in some folks say, “packing some heat?”


8 posted on 04/21/2011 8:54:01 AM PDT by Biggirl ("The Best Of Times, The Worse Of Times", Charles Dickens)
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To: Biggirl
A coming "perfect storm" for gas prices?

Not only gas, but every commodity that is moved via truck , (which includes just about everything) and especially FOOD.

9 posted on 04/21/2011 8:57:34 AM PDT by UCANSEE2
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To: Biggirl

In “Atlas Shrugged: Part I” it is 2016 and gas is $37.50 a gallon.


10 posted on 04/21/2011 9:03:12 AM PDT by ClearCase_guy
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To: UCANSEE2

Reports are that his “Hot Microphone” caught him wishing gasoline was $10 per gallon. That and we’re all slugs. On that point I do think he is correct.


11 posted on 04/21/2011 9:03:35 AM PDT by blackdog (The mystery of government is not how Washington works but how to make it stop)
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To: Biggirl

Time to invest in locking gas caps!


12 posted on 04/21/2011 9:06:36 AM PDT by Carlucci (Don't care what religion my president is, as long as he worships -- THE CONSTITUTION!)
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To: bgill

“Once the msm says the price will go to X dollars, it will because they’ve given permission for it to do so. Once it’s said, the oil companies know the public has been braced for it so they’re free to raise the price.”

This is a confusion of cause and effect. The oil market is a huge constantly moving entity. The theory that some unseen hand can set the price flies in the face of what we know. Take, for example, the much maligned speculator. Supposedly, they’re driving up the price. Actually, there are thousands of speculators; governments feeding their fleets and their militaries, for example. They need so much gas and so much oil in different grades each month and they’ll need it for they budget year ahead. (There are several steps in this and multiple contracts, so this is simplified and the prices are made up.) The “speculator” goes on the market and offers, for delivery next month (next year, etc.), say $4.09 per gallon of regular gas, $8.72 for JP1 and $9.05 for JP2. These “speculators” are betting the price will go above that level. If it is below that level they lost money, but they got their gas. The supplier willingly sells into the future to guarantee his money so he doesn’t have cash flow problems. If the price goes above the spec price he “lost” money. But he doesn’t care. The supplier constantly lives in the future.

Meanwhile, the actual price we pay at the pump consists of a laundry list of refining costs, transport costs, delivery costs, taxes and an astonishingly small profit. (Gas is highly regulated. The government makes more in taxes than the guy who owns the gas station or the refiner or oil company.)


13 posted on 04/21/2011 9:07:30 AM PDT by Gen.Blather
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To: UCANSEE2

Can you say “American Revolution Part 2?”


14 posted on 04/21/2011 9:10:09 AM PDT by Biggirl ("The Best Of Times, The Worse Of Times", Charles Dickens)
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To: Biggirl
Which could result in some folks say, “packing some heat?”

That's why they want gun control.

Punish the innocent. Reward the guilty. It's the Democrat way.

15 posted on 04/21/2011 9:13:03 AM PDT by E. Pluribus Unum (When and why did Steve Dunham change his name to Barack Hussein Obama? When he converted to Islam?)
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To: E. Pluribus Unum

Which will FAIL BIGTIME, because folks will simply be able to “hide em!”.


16 posted on 04/21/2011 9:15:47 AM PDT by Biggirl ("The Best Of Times, The Worse Of Times", Charles Dickens)
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To: bgill

“I have had a theory on this for years and it’s proved correct. Once the msm says the price will go to X dollars, it will because they’ve given permission for it to do so. Once it’s said, the oil companies know the public has been braced for it so they’re free to raise the price.”

The price of oil is determined by worldwide demand. Worldwide. Demand.


17 posted on 04/21/2011 9:16:12 AM PDT by Avery Iota Kracker (Why get 'er done, when you can get 'er did, and still have time to get something else did.)
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To: Biggirl
Which will FAIL BIGTIME, because folks will simply be able to “hide em!”.

That's why they're moving TSA out into rail stations and shopping malls. So they can make sure you aren't armed, and put you in jail if you are.

18 posted on 04/21/2011 9:18:42 AM PDT by E. Pluribus Unum (When and why did Steve Dunham change his name to Barack Hussein Obama? When he converted to Islam?)
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To: Avery Iota Kracker

So say you. It’s my theory and I’m sticking to it.


19 posted on 04/21/2011 9:24:53 AM PDT by bgill (Kenyan Parliament - how could a man born in Kenya who is not even a native American become the POTUS)
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To: bgill
"Once it’s said, the oil companies know the public has been braced for it so they’re free to raise the price."

I think there's something to that, and I would add perhaps a bit of self-fulfilling prophecy as well as good ol' supply and demand.

Prices might touch those ranges, but no way they stay there--demand will drop drastically given how rampant the run-up has been to date. We saw that a few years ago when the oil bubble last burst at $4 gallon gas after several weeks.

The long term goal might be to continually condition us to a ever higher price increase and retreat model.

20 posted on 04/21/2011 9:25:29 AM PDT by Sam's Army
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Tough Dog Says "Donate"


Click the Pic

21 posted on 04/21/2011 9:27:17 AM PDT by TheOldLady
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To: Avery Iota Kracker
Yeah, I'm sure the price of oil in China, India, Europe, etc is based upon what is written in US newspapers.

Oil is a global commodity. Most of the oil we use is imported from outside our borders. We are tied to the global price, not the other way around.

22 posted on 04/21/2011 9:29:43 AM PDT by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: E. Pluribus Unum
This was Obama's plan. He publicly said so.

If so, it's a plan that will end his presidency next year.
23 posted on 04/21/2011 9:34:53 AM PDT by AnotherUnixGeek
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To: E. Pluribus Unum
This was Obama's plan. He publicly said so.

If so, it's a plan that will end his presidency next year.
24 posted on 04/21/2011 9:35:08 AM PDT by AnotherUnixGeek
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To: Biggirl

I guarantee you we will see $6.50 for gas and 1/2 of America will still say MuBarak needs more time to do his job.

If this Kommie ever had a job in corporate America He would have been fired 1 year ago.

I filled up my gas tank yesterday @$4.50 a gallon. I could actually hear the ruffling of paper as my car sucked $100 bucks out of my pocket.


25 posted on 04/21/2011 9:38:22 AM PDT by Vendome ("Don't take life so seriously... You'll never live through it anyway")
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To: AnotherUnixGeek
Obama wants higher gas prices
26 posted on 04/21/2011 9:39:07 AM PDT by E. Pluribus Unum (When and why did Steve Dunham change his name to Barack Hussein Obama? When he converted to Islam?)
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To: Biggirl

Didn’t the CBS open mike event have 0bama calling the american public ‘slugs’ and wishing for $10 a gal gas?


27 posted on 04/21/2011 9:39:29 AM PDT by x_plus_one (Q:How many middle class debt slaves does it take to pay for Obama care? A: All of them)
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To: Biggirl

Didn’t the CBS open mike event have 0bama calling the american public ‘slugs’ and wishing for $10 a gal gas?


28 posted on 04/21/2011 9:39:46 AM PDT by x_plus_one (Q:How many middle class debt slaves does it take to pay for Obama care? A: All of them)
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To: Travis McGee
Ping to CW2!

Can you say “American Revolution Part 2?”

29 posted on 04/21/2011 10:13:51 AM PDT by DCBryan1 (FORGET the lawyers...first kill the "journalists". (Die Ritter der Kokosnuss))
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To: E. Pluribus Unum

But I do not see it as far as I am concerned, and a few weeks ago I was at a mall in Eastern CT, and never once I have seen ANYONE who was from the TSA. Regulare mall security yes, but that was about it, no TSA. Plus never heard of anything to the likes.


30 posted on 04/21/2011 10:49:56 AM PDT by Biggirl ("The Best Of Times, The Worse Of Times", Charles Dickens)
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To: Biggirl
TSA and Big Sis Coming to a Mall Or Hotel Near You, 1984 is Here

What does "anything to the likes" mean?

Is English your fifteenth language or something?

31 posted on 04/21/2011 10:58:11 AM PDT by E. Pluribus Unum (When and why did Steve Dunham change his name to Barack Hussein Obama? When he converted to Islam?)
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To: E. Pluribus Unum

Just my way of doing a verbal sigh.


32 posted on 04/21/2011 11:02:46 AM PDT by Biggirl ("The Best Of Times, The Worse Of Times", Charles Dickens)
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To: Biggirl

No!


33 posted on 04/21/2011 11:05:58 AM PDT by verity
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To: Biggirl
I don't know why people are not torching the White House these days. How long can this go on without riots?
34 posted on 04/21/2011 11:06:17 AM PDT by angcat (DEAR GOD PLEASE SAVE US!)
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To: angcat
This is all so grim.

We would suffer a lot if this happens to gas because we have to travel 5 hour round trip commute several times a week.

What in the heck is going on?

Lost it today listening to Rush play clips of uhbama LYING to our American kids during the facebook crap.

I despise uhbama for his lies and arrogance.

Hearing his voice makes me sick, seeing his ugly face makes me even sicker.

Not surprised if uhbama sees all of us as the slug that he is...he knows we are a dumbed down lot because he knows he has no business being the president; yet was able to fool a bunch of people in this nation in order to get the votes.

To uhbama: lying = votes.

35 posted on 04/21/2011 11:26:51 AM PDT by Republic (The entire White House presidential team needs to grow up and face facts!)
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To: angcat

I really do think the breaking point is coming soon and it could come in the form of anger over rising gasoline prices. I had heard even this past weekend that somewhere in New Jersey there was a protest over the rising costs of gasoline. That could very well be a preview of what is to come.


36 posted on 04/21/2011 11:27:21 AM PDT by Biggirl ("The Best Of Times, The Worse Of Times", Charles Dickens)
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To: Republic

He is looking for votes and in truth, his numbers are getting less and less positive.


37 posted on 04/21/2011 11:29:25 AM PDT by Biggirl ("The Best Of Times, The Worse Of Times", Charles Dickens)
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To: Biggirl

The next revolution is three missed meals away.


38 posted on 04/21/2011 9:24:19 PM PDT by UCANSEE2
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