Posted on 07/02/2018 1:21:48 PM PDT by FreedomNotSafety
The speculators are at it again in the oil market, pushing up prices beyond the fundamentals.
(Excerpt) Read more at nasdaq.com ...
The assholes who talk about releasing reserves every time gasoline goes up a quarter should do their homework. The reserves are for NATIONAL EMERGENCY. Furthermore, the reserve would only fuel the entire nation for about 10 minutes.
Its not a supply and demand problem. It IS oil trader market speculation and manipulation. The only way to deal with dirtbag traders is too flood the market with oil. And threaten to stop exporting oil overseas.
Remember it was the vile murkowski, among others, that said exporting American oil would reduce prices. But as usual the swamp scumbags were lying because the cost to Americans has gone up ever since we started exporting oil.
Remember when meat, hardware, lumber, metal items, and chemicals like solvents, paint were all reasonably priced? Ever since we started shipping this stuff overseas in fair trade the supply at home becomes tight and the dirtbags make them high priced. The only people helped by overseas trade is stock market traders, big manufacturers of multinational corps, owners of export operations and farmers who sell our food to foreigners.
Free trade in my humble opinion never helps the vast majority of americans. It only raises the costs of everything for us that we need but reduces the cost of cheaply made chinese electronics and Chinese junk.
The gop establishment, the vile Chamber of commerce and the Koch bros are the ones who keep selling american workers out.
New Refineries Show Oil Industry Betting American Production Here to Stay
Wahoo! Unless, of course, a 'Rat prez and/or Congress scuttle them....
Providing it got refined. But your point is well taken. :-)
“Yeah. I really support POTUS Trump and his policies. But if I have to spend $20 more for fuel each month, F him. I’m voting straight Rat,” said no one.
No!
If the ‘evil’ speculators pushed prices above what is justified by the fundamentals, the short sellers will show up and world prices will reflect reality once again. On the other hand, maybe higher prices are justified.
If true, this is dangerous thinking, akin to centralized planning - it never ends well.
Let the markets trade - hands off!
Not a good idea.
The strategic oil reserves are to be used in a time of national emergency which really means war.
Trump did what he was supposed to do, he “talked convincingly” to the Saudis and they agreed to increase production.
Oddly oil is priced just right today. At today’s prices our fracking industry is healthy. The Saudis tried to kill our fracking a few years back and failed. They flooded the world market with cheap oil. They failed. Our fracking got leaner and meaner and more efficient. In about 3 or 4 years we will be a net exporting nation of petroleum.
The strategic reserve must stay in the ground. Its real purpose is for our military if every thing goes to hell. I do not want my military assets sitting motionless because they have no fuel.
Sell the oil, build the wall
Buy yourself a calculator as your math is a bit off, actually way off but this is not important. However, the strategic reserves should only be used for national emergencies. Actually this means war.
I think that’s a lot of nonsense. We go through this same crap almost every year due to refining capacity constraints. It’s a problem in the late spring and early summer because of the ethanol requirements for summer fuel blends.
Gas costs about as much as soda pop. It’s not very expensive considering what it takes to produce it.
And more refineries!!! 😄
Refinery Utilization and Capacity (Thousand Barrels per Day, Except Where Noted)
The problem isn’t speculators, the usual socialist target, but, is, rather, the combined effect of OPEC, a booming American economy, the exchange rate of the dollar, and environmental-extremist production barriers.
No.
That was easy.
5.56mm
I believe the last new refinery with significant throughput is Marathon’s facility in Garyville, Louisiana. That facility came online in 1977.
Seriously?
We hear this every time gasoline prices spike. What do you expect the president to do?
Implement price controls like the liberals in Hawaii tried and have the gasoline supplies dry up? In Hawaii, prices were capped but it didn't matter because there was no gas. They had to drop the idea after only two months.
Empty our strategic petroleum reserves which are meant for emergencies? Start drilling more? What?
Call in the oil company execs like the democRATS do every time, as if the oil execs have control over the price at the pump?
Or socialize the oil industry like Maxine The Mouth Waters let slip during one of these congressional hearings to blame the oil companies?
There is very little, if anything, any president can do to dampen gas prices in the short run. The democRATS can't do anything either.
The election in November will not hinge on gasoline prices.
True, plus it's a driving holiday week - some of the recent price increases are at the retail level.
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