30 posts and no Bush's fault...
Posted on 02/23/2013 8:22:15 AM PST by Kaslin
Mix it all up, and you have rising gas prices.
There are no fewer than 28 “boutique blends” across the states, not including the ethanol blends.
If the refinery capacity we have, was allowed to produce a single national blend, the prices would drop.
This also means we stop the ethanol scam, which is not cost effective to produce.
The attempt to blame speculators is this administration’s refusal to acknowledge the impact of their failed energy policy.
Wrong!
See post #22.
So have those same speculators driven the price of nat gas from 12 bucks to 3.50?
As I said elsewhere on this thread, speculators can only function in this manner when there is a tight supply margin.
You cited one valid (but artificial and foolish) variable cost imposed by the feds that substantially inflates consumer gasoline prices. You ought to know there are many other variable costs which put upward pressure on retail pricing. Again, not quite so simple as we wish it were.
No, I cited about 87 of the variables.
1- too many fuel blends
2 through 87 - this administration’s failed energy policy.
Drill everything...I am sick and tired of politicians standing in the way of energy independence.
If speculators cause high prices do they also get the credit when prices drop? After all traders can make money no matter which way a market moves as long as they are on the right side of the move. Also, it takes two parties to make a trade. If speculators are on the winning side of a trade aren’t the losers also speculators?
i wonder if in dc barry has put little bush faces on the pumps with “It’s His fault!” on them.
seriously. the libtard media is silent bashing the president about this very quick and sharp gas price spike, no poor people filling up complaining thepresident needs to do something, they can’t afford to fill up their cars, bla bla bla...
30 posts and no Bush's fault...
You could go and speculate on septic tanks, fancy cancer drugs, and even car batteries. There’s no limit to it. The best speculation of all time? When the inside guys of 1928 got the DOW all heated up, and in 1929....walked out to sell and destroyed Wall Street in just a couple of hours. They made millions.
But other factors are in play rather we readily recognize them or not. For starters consider the global energy market and all their cost structures which contribute to (ours,the topic at hand) retail pricing. Study domestic P&L statements to further your understanding of the costs/inputs as I do.
Start with energy producers investor relations knowledge bases. Your best bet. You are not incorrect in your assertions here, just not encompassing. Gotta go, now. Maybe later.
Yes, Oil is traded in dollars. As the dollar weakens the price of gas goes up. As the dollar strenghtens the price of gas goes down. That and the fact that we do not have enough refineries to refine the oil into gas are the problems.
You are correct, but you cannot ignore the other factors and it is difficult or impossible to assign blame by percentages for high gas prices.
Commodity speculation, geopolitical concerns (world price pressures), government regulation, agricultural ethanol, and government taxation also play a major role in the price of a gallon of gasoline. There are even some states that demand their own environmental blends that further strain limited refineries by complicating the supply process.
Approving the Keystone XL pipeline would likely drive down oil prices. Speculators look at the US as the largest market for oil and giving the US a non OPEC source of oil and improving the access of the North Dakota oil fields to refineries would lessen the US demand for OPEC oil. I would see that as driving oil prices down. The number of jobs the pipeline would create would also be a significant boost to the US economy. However, Obama will pander to the environmentalist whackos and either continue to study the pipeline or tie if approval to an economically devastating carbon tax.
“30 posts and no Bush’s fault...”
It’s Cheney’s fault.
I was hungry at an autoparts store and I bought a bag of peanuts, it cost $3.75.
Fuel prices are what they are because on a super-weak american dollar. The dollar is super-weal because our goverment is in a huge $16.5 trillion dollar debt. 50% of the debt was made in the last 4 years under a 1/2 kenyan that also is causing crazy inflation.
To blame anything other than our countrys loss of its industrial base and manufacturing output over the last 80-90 quarters for the drop in the American dollars value is crazy. The half kenyan is pissed of too, he knows how much more money he could spend if it was 1992 instead of 2012....All african leaders in africa do this, spend all they can and take trips and go shopping and hang out with famous athletes....It is their nature, look at Edi Amin or Motoboko Konsekie, in the end you get what you pay for and deserve.
Every time the price of gas goes up the Bolshies cry speculation, but, to my knowledge they have never been able to find any. They need to look at their own policies.
Soros may a billion dollars speculating on the Yen, they should investigate that. But, that would deprive the Bolshecrats of their funding.
If it was actually only a supply and demand thing i don’t think we’d see this daily changes.
Exactly, energy should be bought and sold by suppliers and users only.
LOL...
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