Posted on 08/23/2014 9:42:34 PM PDT by ckilmer
Somehow the Europeans are paying $11+ a gallon for gas.
Don’t know how they can’t get a lower price for a gallon.
IMO probably is their own government sucking $8 a gallon out of their peoples with taxes.
25 bucks in 1998. Explain that....
How much will Russian Natural Gas be this winter?
An interesting historical footnote here. But the article doesn’t get the story quite right. from 1981 to 1985 Reagan steered the price of oil from about $105@ barrel in today’s dollars to about $60@barrel in today’s dollars by cutting some taxes instituted by carter. This caused oil production to rise for the first and only time between 1970 and 2005.
What the article does not say is that it was Reagan who in 1985 convinced the Saudis to stop cutting back on production and pump as much as they could to force prices down. Reagan knew that by doing so the old soviet union would be bankrupted because then as now the government there depended on oil revenues to pay their bureaucracy.
The Collapse of the Soviet Union and Ronald Reagan
"Because of the high oil prices of the 1970s the Soviet leadership avoided serious economic reforms, such as those that saved Deng Xiaopings China. Instead, it relied on oil revenues as a means of keeping its decrepit economy going . . . 'One of the most effective ways in which [Reagan's] economic policies weakened the Soviet Union was by helping bring about a drastic fall in the price of oil in the 1980s, thereby denying the Soviet Union large inflows of hard currency.'"
Turn our oil loose. The Islamists will be the losers-- if only we did not have a president who seems to favor them.
IMO probably is their own government sucking $8 a gallon out of their peoples with taxes.
.......
Correct. Its taxes.
How much will Russian Natural Gas be this winter?
..................
No one knows how that is going to play out.
How much will Russian Natural Gas be this winter?
..................
No one knows how that is going to play out.
25 bucks in 1998. Explain that
.............
what do you mean?
Turn our oil loose. The Islamists will be the losers— if only we did not have a president who seems to favor them.
.............
Yeah that’s what’s happening now. US oil production is going straight up because of high oil prices and new technology.
Basically there is a huge unwind of what happened in the 1970’s.
However, what will kill oil prices 10 years from now won’t be huge supply but rather falling demand because of the shift to natural gas houses trains trucks and buses plus electric cars.
I’m hoping oil prices stay high for the next 5 years so the frackers can expand production to the point where the USA is oil independent. That way falling prices have less of a chance of causing the USA to be a net oil importer again.
True, this is retail price including tax.
The price of a barrel of oil.
So why is ISIS a villain for selling millions of barrels of oil per at a prices well below the $100 mark?
Why isn’t Putin BOMBING their camps and convoys?
IMO Putin will engineer some chaos in the ME to keep the price of oil high enough to keep Russia’s economy afloat.
Putin is no angel...make no mistake.
(Obama also is no angel..but of course you knew that)
“China needs to phase out their highly polluting...”
Why? I don’t think China gives a rip about the environment.
The question arises of who would fold up first.
Let’s drop kick these A-holes and frack the world to our abundance.
They don’t care about the environment per se but they do care about extremely angry citizens that can’t breathe.
They are banning coal for home heating and cooking.
And are phasing out the oldest coal fired electricity plants.
And making deals with Russia for natural gas.
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