Posted on 03/15/2012 12:20:42 PM PDT by Kaslin
Gallon price here in Northern Ohio dropped ten cents over night. $3.69
That doesn't make sense, they are still importing.
Look at the following:
http://www.eia.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/pdf/wpsrall.pdf
Total West Coast throughput from last week is normal, crude oil stocks are normal. They must still be importing a million barrels a day. Alaskan Crude oil is still over $121 a barrel but did show a drop yesterday.
And Schumer wants Saudis to pump more.
Yes the DNC admits we are correct.
Increasing oil supplies will lower prices!
End the war on Oil.
The prices will come down and the lefts dreams of smaller profit margins will be realized.
Oil prices are artificially kept high through regulation.
Its not a free market commodity.
I guess this means it’s time to go long on crude futures, 0bama dumping the less expensive oil from the reserve only to be replenished with more expensive oil. Probably just paying off his masters in in the Middle East.
And the Admin ic making the few refiniers spend time refining Bio Fuels!
"Meanwhile, the administration this week was also hit with new complaints about the Environmental Protection Agency's standards regarding a type of biofuel.
The American Petroleum Institute filed suit against the government in D.C. circuit court challenging a rule that requires refiners to incorporate a certain amount of cellulosic biofuels in their products or pay what amounts to a fine. The API claims the required biofuels "do not exist," making the requirement -- which stems from a law signed under the George W. Bush administration -- "unachievable."
http://www.foxnews.com/politics/2012/03/15/companies-claim-energy-department-sitting-on-loan-money-in-wake-solyndra/#ixzz1pDRnWmCo
Obamaoids could care less about facts or logic..
They are fanatics.. and RINOs are cowards... willing to vote for WILLARD..
Obama, Santo and Willard are OWNED by the UNIONS...
No help with any of them... Yes even Santo...
Its NEWT... or bend over for the UNIONS.. assume “the Position”...
America seems to be much more Corrupt than previously thought..
New Sodom(america) seems to Union oriented.. but then Sodom is all about MOBS..
You know... democracy.. or Mob Rule by Mobsters..
Although its true no democracy has ever yet been democratic..
The brain washed public wants to try being a democracy..
The brain wash is complete America thinks democracy IS A GOOD THING..
Not a Hive of drones serving a drama Queen..
Part of the BP turn around is to comply with this mandate and prepare to produce those bio-fuels that would be added to the mix by other refiners.
BP will do anything to regain its status as the Obama favored oil company.
The last time this was done in 2010 it dropped prices slightly for about 5 days and then it was right back up.
Another "fart in the wind" move by the Obumbler
And what he's telling these college kids is simply untrue. I don't know how else to say it. It's simply not true. Blatantly not true.
Rush, let me help you out with that:
More bandaids from the mad doctor in D.C.
but it has never actually been used for anything aside from politician a*s covering
This from the Czech Republic:
“The danger to America is not Barack Obama but a citizenry capable of
entrusting a man like him with the Presidency. It will be far easier to
limit and undo the follies of an Obama presidency than to restore the
necessary common sense and good judgment to a depraved electorate willing to
have such a man for their president. The problem is much deeper and far more
serious than Mr. Obama, who is a mere symptom of what ails America . Blaming
the prince of the fools should not blind anyone to the vast confederacy of
fools that made him their prince. The Republic can survive a Barack Obama,
who is, after all, merely a fool. It is less likely to survive a multitude
of fools such as those who made him their president.”
Stopping land drilling on Federal leases in much of the west and Rocky Mountain region was act one.
The gulf drilling moratorium was act two.
Refusal of the Keystone Pipeline was act three.
Looking, desperately, for ways to obstruct drilling that the Government had no way to prevent, such as studies of greenhouse gasses released while drilling and producing wells (shot down with the AGW hoax), the attack on fracking, prosecuting seven oil companies in North Dakota over 28 birds found on 6000+ producing locations for allegedly killing protected migratory birds, even a seminar held in Denver for LEOs in Western North Dakota (who have plenty else to do) held by the same US Attorney who prosecuted the bird cases (which got laughed out of court).
Now, though, the new gambit is afoot, and the first smoothly segues into the second. By creating as much of a shortage as possible, Mr Obama hoped to raise prices even more severely than they have (my bet anyway) to make his battery buggies more palatable in a market which just isn't buying. (They are his Edsel, from a marketing viewpoint, not genius but part of his 'legacy' he will be remembered for nonetheless.)
Still, prices are high enough that people are grumbling, and the prices on the news (carefully selected) are the highest in the nation--by far. While that will have retailers across the country wondering if they are charging too little, most places gasoline is still under $4.00/gallon.
If the SPR release doesn't bring prices down, the meme will be that it is 'the greedy oil companies' and not the combination of domestic policies and foreign policy (like destabilizing North African oil producing countries in wars not even discussed beforehand with Congress) which has caused the bid price of a barrel of crude oil to go up, especially in Europe, but around the world.
The result will be that Obama will make a move or support one to 'nationalize' the oil industry in America before November, and is attempting to gin up popular support for that.
If you think the $6.00/gallon gas near the rental car agencies at Disneyland East is high (and it is!), just wait.
If the Marxists succeed, even if (especially if) they give gasoline away, it will be unsustainable. In the long run, it will cost far more, when/if it can be had.
Crash the price and the oil won't pay for its own extraction.
Let the Government run E&P and it will cost two to three times as much, and the taxpayer will pick up the difference, just not at the pump.
'Free' gas means people would use more, even as those depleting reserves were not being replaced, and the net effect would be a further weakened America, with the oil industry suffering from an even worse depletion of experienced personnel (because a lot of us would quit, and die of old age before it was straightened out again).
Before the election, obama will have the price back down to around $2.00 and the stupid sheeple will re elect him........I really hope I am wrong and he is a one termer
“I guess there are a few spots where we aren’t drilling. We’re not drilling in the National Mall,” he joked at a speech in Largo, Md.
Who talks this way? When hearing him talk like way, how can you walk away and say he “sounded” presidential. He sounds like an insecure, sarcastic little teenager.
And this guy is trying to lead? Good leaders don’t act this way.
this dumbass has prevented drilling everywhere and he is joking that we are drilling everywhere?
what an ass hole
Wasn’t the reserve the outcome of the oil embargo during Carter? So instead of drilling for more of our oil they have this? Nothing learned from the Carter oil embargo fiasco.
Obama won’t have the price back to $2. $2 gasoline would require a peaceful settlement of the Iran nuclear problem.
If you read more of the articles that have been posted, you will see that what Obama was discussing was releasing the US oil reserves to fend off a shortage in Europe due to the Iranian sanctions. I actually think that is what he did the last time too, send the oil to Europe, not the US.
Obama is not worried about the US price of gasoline, he’s worried about the world price.
And in other news, Santorum finds this not worthy enough to speak of.
However, *THIS* is:
http://www.freerepublic.com/focus/bloggers/2859496/posts?page=1
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.