Posted on 05/10/2011 4:37:19 AM PDT by NRG1973
Also, I give Birol credit in the following statement for recognizing the the US must produce more of its own oil as well as focussing on limiting consumption.
"In the long term, he said, the U.S. should focus on increasing its own domestic oil production and limiting consumption through higher fuel-efficiency standards and better incentives for electric cars."
If people can’t see that it is the prohibition of drilling for American oil that’s shoving prices sky high, then mind control has achieved record levels of coverage in our population.
That's silly. I have it on the best authority that supply and demand have nothing to do with commodity prices and that drilling for domestic oil will make no difference. Would Obama, Biden, Pelosi, and Reid lie to us?
BUmp.
BUmp.
Oil’s going up because world oil is priced in dollars and there’s a huge excess of dollars.
“Demand, not speculation, cited for rising oil prices”
In a related story, water is wet.
Guess they didn’t read the Yahoo financial page this morning that says speculators drove the price the highest gain in two years yesterday .
Who can disagree with this statement?
Exactly. Most of the rise in oil prices is due to the supply and demand of dollars not oil.
Mike
” limiting consumption through higher fuel-efficiency standards and better incentives for electric cars.”
Who can disagree with this statement? “
Ummmmm...
Anybody who thinks market forces and free choice are preferable to Government ‘standards’ and ‘incentives’??
IOW, most of us here on FR??
theres is massive demand because ppl of the money printing.
I believe that the American people can and do see the real cause for the constant rise of the prices at the pump.
It is the SRM that refuses to place the blame squarely where it belongs....with their boy, obama.
I agree and noted that in my post above. But, if you look at the latest Oil Market Report, you'll notice that global oil demand is greater than global oil supply.
http://omrpublic.iea.org/
That is a long term trend that will continue to drive up oil prices after all of the monetary easing is done.
Demand may not be rising in the US but in China it has gone up tremendously. My cousin said one Shanghai newspaper recently published government figures listing 5 million private new car registrations nationally in the past 10 years to expain growing pollution problems in Shanghai and other large cities.
When I visited China in 1979 there weren’t even one million cars throughout the whole country.
So, you think we should maximize fuel consumption, aim for less fuel efficiency and shun electric car technology?
if oil prices get ‘driven up’ that just increases the supply (from previously too expensive sources) .....no?
That is true...if the 'powers that be' allow the oil companies to pursue drilling of the oil that comes from more expensive sources. Unfortunately, the 'powers that be' (the 0bama administration) is doing everything it can to keep oil companies from pursuing any new sources anywhere in the USA.
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.