Skip to comments.Gas prices soar after Iran cuts supply (Just like Obama planned)
Posted on 02/20/2012 3:52:52 AM PST by tobyhill
It doesnt look like the pain at the gas pump will be easing anytime soon since prices have soared in the past month due to tension in the Middle East.
Iran cut off oil to European countries, as a pre-emptive strike for the European Union's tough new sanctions over its nuclear program.
As a result, over the past month, gas prices have soared 18 cents a gallon, and it might get even worse.
Experts predict they could reach $5 a gallon by Memorial Day.
It's already hurting the economy and it's going to continue as long as they go up."
(Excerpt) Read more at wjla.com ...
Undocumented Obama and Sec. Chu have already
said they support $10 a gall gasoline.
The DNC is so against America, only equaled
by the GOP which is ON ITS KNEES to help.
Amen.....they WANT HIGH gas prices, but stupid people will not be able to believe Obama is that evil.
And, this could have been completely avoided. Development of domestic resources over the past 30 years would have moderated the global markets while still keeping supplies and reserves intact.
It’s time to tell the tree huggers and the Chicken-Little enviro nuts to shut up and sit down. It’s time for the adults to take over.
Current technology can well support responsible drilling and transport of crude oil.
Yeah; with the Un-Employment published numbers plumetting (LOL), this will ruin the EFFECTIVE recovery Plan of The Messiah, and give him the excuse when the bottom falls out and the REAL numbers show up.......
What a joke; this is all geared toward Re-Election of The Messiah, whatever cost to Americans who actually pay their own way, and we continue to heap extra vote-buying funds on the parasites in the inner-city tribal areas, while opening the gates to let illegals flood the job market at the same time.
Maybe Obama going to give us a horse for his green plan?.
Horse for clunkers program?.
We’re exporting more oil than we’re importing. Gasoline consumption has dropped off the table. How does Iran play into our price for gas?
Iran didn’t cut sales to Europe until they had contracts to sell it elsewhere. World supply remains the same. Europe will still get oil, it’s a world market, and even the Iranians can’t stop the ultimate allocation.
Admittedly this recent spike is probably due to the disruption from the Iranian moves, but don’t expect it to last long, with North Dakota, Brazil, Canada, and Iraq all increasing production significantly, while the world economy is still in the tank. Supply. Demand.
I tend to agree. Right now (5:30 am MST) DOW futures are up to 13,000 and Europe is going up. All the talk about Greece, oil, etc., is beginning to look like a bunch of BS. If it is so bad why aren't the markets crashing instead of having the best year in the last 10?
The doom and gloomers have been predicting chaos for months and all we have is better and better conditions. We spent this last weekend in Santa Fe, New Mexico. We expected to have it nice and quiet. The town is booming, not as much as in the summer, but the hotel was full, the art galleries had shoppers, traffic was heavy. And Santa Fe is an expensive town. If it is so bad where did all these people come from?
Don't get me wrong. I think Obama is a disaster. I do think if the president and Congress had done it right we would be 10 times better now. I think it is the American people who are fixing things, not that jerk in the white house and the idiots in Congress.
I can make an analogy to those who predict disaster. Look at all the credit the "aliens from space" get for helping people build the pyramids, Easter Island, Nazca Lines, etc. Those who believe that cannot give credit to those who deserve it, the people. And the same with today's doom and gloomers.
Were exporting more oil than were importing. Gasoline consumption has dropped off the table. How does Iran play into our price for gas?
Thanks to globalism we have to compete on the world market to buy our own oil.
First, we have to get Obama out. Second, I don't see anyone in the national spotlight that will actually do all those things. There are too many lily-livered republicans who cave to the special interest groups.
Personally, I don't think things will change much till we take to the streets and eliminate the dregs of society. If the GOP finally grows a spine and drastically cuts the socialist safety net those who have relied their whole lives on the govt. will act like what we have seen in Greece, England, etc.
The welfare state is holding us hostage and the feds suffer from the Stockholm Syndrome. They have become symbiotic with the welfare state. It will take some form of war to excise the welfare state from our system.
Bought a new motorcycle helmet yesterday, will need to get some cold weather insulated bibs and maybe some heated grips for the Star bike as it appears I will just park my dually at work and use it for getting parts and such and then just ride the bike to work more often rain or shine.
I’ll be dammed if I will ever consider buying any green car like a Volt, I would rather hitch a team of mules to my Silverado dually first.
————Were exporting more oil than were importing-——
Is it time for another bow?
*1* worse case scenario realized...now proceed with the bombing.
drivel...... pure unadulterated drivel
Basically, what has happened here is that it is becoming increasingly difficult for U.S. consumers to afford the things we produce right here.
And they also claim it is because of Bush, Japanese earthquakes, Iran, Midle East, bad luck.
And the MSM just keeps on covering things up and not asking the real question:"How has Anything Obama has done, made us less dependent on foreign oil?
We had been using 20+ million barrels per day and producing around 8 million barrels per day. There might have been some change, but I doubt we're now exporting more crude oil than we're importing.
I think there was a report that we are now exporting more finished petroleum products than we now import.
True. "Data released last week by the U.S. Energy Information Administration shows that the U.S. sent abroad 753.4 million barrels of gasoline, diesel and other oil-based fuels in the first nine months of 2011, while taking in only 689.4 million barrels."
Read more: http://www.foxnews.com/us/2011/12/05/us-on-pace-to-become-net-fuel-exporter/#ixzz1mvT3dfKS
Right. There’s a huge difference between crude oil and oil-based fuels, though. As others have posted here, I’m sure the U.S. still imports far more oil than we export.
Were exporting more oil than were importing.
We are not exporting more crude oil than we are importing. When most people refer to "oil", they mean crude oil and not finished petroleum products.
This only helps Obama if oil and gas prices drop again around labor day and he is seen to have done something.
This is exactly right. And prices will fall...just in time.
It ain’t puttin a dent in the Obama’s vacations.
I figure around Labor day when demand starts to drop he will make a big announcement, like moving forward with the pipeline, and releasing the strategic oil reserves at the same time. And that will send oil prices crashing again. Then if he wins the election he can make believe he never said he would do anything.
Israel could throw a wrench in Obama's plans by keeping Iran making threats during that time period.
That sounds plausible, but 6 months of high gas prices might send consumers back into the bunkers again, and they will refuse to spend. Talked to a coworker the other day who was contemplating buying a new SUV. I just wonder what he’ll be thinking if it’s costing him a crisp $100 to fill that tank during the summer. I still have my 80 mpg scooter; I’m ready.
Precisely. He announces that he will lift the drilling moratorium in the Gulf of Mexico, approve the Keystone Pipeline, and open the strategic reserve. Prices fall on the expectations, he wins re-election and never implements any of it.
I can see diesel at the Marina this summer being close to $5/gal.-Tom
We don’t buy oil from Iran. We produce a lot of our own oil and buy from Mexico, Canada and Venezuela.
Don’t blame Iran, blame Obama. The XL pipeline fiasco needs to be hung around his neck like a millstone.