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Old 04-24-2013, 03:21 PM   #16
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Old 04-24-2013, 04:11 PM   #17
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Old 04-24-2013, 06:59 PM   #18
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Quote:
Originally Posted by Valuist
Filled up last Friday, paying $3.98/gallon. This morning, filled up, same area, $4.20/gallon. Seems odd, seeing that oil hasn't had a spike in the past few days.
Chicagoland Summer Blend? The usual short initial supply and higher prices?
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Old 04-24-2013, 07:27 PM   #19
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Old 04-24-2013, 07:56 PM   #20
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I saw 3.12 in Corpus Christi, TX yesterday.
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Old 04-24-2013, 08:36 PM   #21
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Greg Palast Latest

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Bush is invading Iraq to steal their oil for his Texas oil buddies,, then he's gonna drive the price of gas down right before the election to get re-elected".....
According to Greg Palast, the real reason for invading Iraq was not to grab their oil, but to create inflated oil prices that He and his oil buddies could then get rich.
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Old 04-25-2013, 02:55 AM   #22
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Weird...prices have been dropping in NY metro area...$3.63-$3.70 here on Long Island...and we usually have some of the higher prices in the country...was $3.80s-$3.90s not too long ago...
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Old 04-25-2013, 08:29 AM   #23
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Quote:
Originally Posted by Steve 'StatMan'
Chicagoland Summer Blend? The usual short initial supply and higher prices?
I thought the summer blend pricing usually picked up after Memorial Day.
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Old 04-25-2013, 10:15 AM   #24
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Lincoln Ne ethanol $3.28 and dropping.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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Old 04-25-2013, 10:24 AM   #25
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Old 04-25-2013, 10:27 AM   #26
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Quote:
Originally Posted by Robert Fischer
still suffering high oil and gas prices from Bush
Under $2/gallon when he left office.
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Old 04-25-2013, 11:06 AM   #27
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Thank you, President Obama!
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Old 04-25-2013, 03:17 PM   #28
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A president could play a big role in moving oil prices.

A president could orchestrate an invasion of an oil rich country. That would surely affect oil prices.

A president could push for legislation to build a pipeline to move oil more efficiently to refineries or to push for legislation for more drilling in protected and fragile ecosystems or push for legislation to allow for fracking, etc., etc., etc. The extra supply would lessen the price of oil.

A president could put political pressure on the central bank to print more money to stimulate the economy. More economic activity probably means higher oil prices due to increased demand and inflation.

Of course, the combination of these factors affects the price. Fracking, pipelines and Alaskan drilling add to supply, but increased economic activity might use up the supply so that the net effect is no major change in the price of oil.

But if only one major change in the supply chain is affected then the price could move in a desired direction.

The president might want to increase supply to drive the price down in hopes that cheaper oil will stimulate the economy by making the cost of goods less expensive to produce. This would result in increased sales and presumably more hiring. etc etc etc



Quote:
Originally Posted by PaceAdvantage
OH SHIT! NO! REALLY? You're kidding me...and from Jan 2001-Jan 2009 all I kept hearing was how the high price of oil and gas was mostly Bush's fault...I tried telling people otherwise, like in this article, but they wouldn't listen. Maybe it should read "Gas Prices: There's not much that presidents (except George W. Bush) can do about them"
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Old 04-25-2013, 05:18 PM   #29
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Quote:
Originally Posted by Valuist
Under $2/gallon when he left office.
Over $4/gallon 6 months before. It is amazing what a major recession will do for gas prices. Of course every forgets that in late 1990s just before GWB started his campaign for president ,it was under a buck a gallon. Of course it really doesn't matter whose president when it comes to price of oil. The Saudis control the price of oil and always will. That is why we have get away from oil as an energy source. Until we do, the Saudis have us by the nuts. There I said. It is what everybody knows deep down inside but is almost never spoken out loud. It is easier to blame oil companies, the president, or the speculators and much more fun.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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Old 04-25-2013, 05:54 PM   #30
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Quote:
Originally Posted by Steve 'StatMan'
Chicagoland Summer Blend? The usual short initial supply and higher prices?
Blaming the flooding in the Chicagoland area causing concerns about gasoline production at refineries in Joliet and Whiting, Indiana.
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