Posted on 08/23/2013 8:23:17 AM PDT by thackney
Barbara Streisand
Yeah....and Obama’s gas prices will go down, too...
Simone can’t bring himself (herself?) to say it so I’ll say it, Thank God for fracking.
“Oil production in the United States has soared to the highest rate since 1992, cutting the world’s largest oil consumer’s need for oil imports by more than 20 percent since 2007.”
It’s amazing what American ingenuity can accomplish, despite the policies of our current regime.
Holding my breath
This could increase 4x if government would A) get out of the way and B) Protect the industry from the EPA and Environmentalist.
BTW - Indiana will be shutting down a few more coal plants thanks to the EPA. Thank heavens we have all those windmills in NW Indiana.
$108 -> $104 -> $102
Not a major change, so possible.
Given what’s going on in the middle east,you could argue prices could be a fair bit higher by year end.
Global consumption of oil has been rising for a few years and is expected to continue to rise.
Since most of the retail gas price is directly related to this lunatic bio fuels nightmare, it would take a HUGE drop in the price of crude to help us much at the pump.
If they dropped the ethanol BS tomorrow it would inject a nice jolt into the economy. (never gonna happen, way too much corruption involved)
My opinion, anyway.
Any surprise what?
She's dark-skinned. Good for her.
I read the article. I don't see anything political about it one way or the other.
EIA Expects Brent Prices to Decline through End of 2013 Despite Current Supply Disruptions
http://www.eia.gov/oog/info/twip/twip.asp
The majority of the price impact on gasoline comes from the cost of crude oil.
I exaggerated by saying “most”. But I don’t think that graphic is truly representative, a little oversimplified. Where is the cost of ethanol figured in? The cost of the penalties the refiners pay the feds for not using the mandated additives that curiously don’t exist?
The cost the dozens of mandated regional and seasonal blends? Is that part of the 12%? I don’t know.
Although it’s not showing in the retail cost, how about the price each of us *working taxpayers* antes up for the subsidies of the biofuels? Higher food costs? The snowballing costs of this whole biofuels hoax permeates our whole economy to varying degrees.
It is definitely simplified. For starters, each of those other categories, especially the crude oil, contains a significant amount of taxes. It is more of the price per gallon as it moves through the following stages:
Before refinery
After refinery
leaving the wholesale loading rack.
The taxes only are the taxes added onto finished gasoline.
I believe most of the ethanol and specific recipes are done at the blenders downstream of the refinery, but at some refineries, it is done on site. Many refineries just produce gasoline blending products, not finished motor gasoline.
Unless there are two journalists with the same name, she came from the San Francisco Chronicle.
That might be a hint to her politics....:^)
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.