Sat Feb 2, 2013, 03:47 AM
DogPawsBiscuitsNGrav (408 posts)
Is anyone else getting angry about gas prices?This discussion thread was locked as off-topic by Stinky The Clown (a host of the General Discussion forum). Oil prices climb on new Gaza-Israel fears
By SCOTT MAYEROWITZ | Associated Press – Fri, Nov 23, 2012 2:44 PM EST NEW YORK (AP) — Oil prices climbed Friday after Israeli troops fired on crowds in Gaza surging toward the border fence, killing one Palestinian. Benchmark crude ended the trading day up 90 cents to $88.28 a barrel on the New York Mercantile Exchange.http://finance.yahoo.com/news/oil-prices-climb-gaza-israel-fears-172950443--finance.html What's pushing oil prices higher? The recent flare-up of tension following Israel’s attack on Lebanon has increased the risk that other Middle East countries could get drawn into a widening war. Iran has made it clear it is prepared to use oil as a weapon by cutting off exports — just as it did after the Iranian revolution in 1979 overthrew the U.S.-friendly Shah Pahlavi. With Iranian exports of nearly 3 million barrels per day, another suddenly cutoff would almost certainly produce another big price spike. http://www.nbcnews.com/id/13862677/ns/business-answer_desk/t/whats-pushing-oil-prices-higher/#.UQzKUR37KSo UPDATE 7-Brent crude jumps, premium over US crude widens Meanwhile, a pair of surveys on China's factory output offered diverging views on the pace of the recovery of the world's second largest oil consumer.
The official purchasing managers' index (PMI) missed market expectations, while a private PMI survey released by HSBC showed growth among manufacturers quickening to a two-year high. Worries about Brent supply due to conflict in the Middle East also pushed its price up. A suicide bomber killed a Turkish security guard at the U.S. embassy in Ankara on Friday. The attack further increased tensions in the region after Israel bombed targets in Syria earlier in the week. http://www.reuters.com/article/2013/02/01/markets-oil-idUSL5N0B19XW20130201 OIL PRICES SOAR TO HIGHEST LEVEL AFTER ISRAELI ATTACK ON SYRIAN RESEARCH CENTER Oil prices have soared to their highest level over the past three months amid increasing geopolitical tension in the Middle East, particularly the Israeli regime’s recent aerial assault on Syria.
New York’s main contract, light sweet crude for delivery in March gained seven cents on Friday to hit $97.56 a barrel while Brent crude in Asia trade for March delivery rose by 25 cents to jump to $115.80 a barrel. Brent is set for its biggest weekly gain in two months while US crude is on track to rise for an eight straight week. Experts say the increase in oil prices has been caused by supply worries over growing tensions in the Middle East. http://syria360.wordpress.com/2013/02/01/oil-prices-soar-to-highest-level-after-israeli-attack-on-syrian-research-center/
|
16 replies, 880 views
Cannot reply in locked threads
| Author | Time | Post | |
| DogPawsBiscuitsNGrav | Feb 2013 | OP | |
| Ed Suspicious | Feb 2013 | #1 | |
| DogPawsBiscuitsNGrav | Feb 2013 | #3 | |
| Sherman A1 | Feb 2013 | #2 | |
| DogPawsBiscuitsNGrav | Feb 2013 | #4 | |
| gtar100 | Feb 2013 | #5 | |
| tecelote | Feb 2013 | #6 | |
| skepticscott | Feb 2013 | #13 | |
| Le Taz Hot | Feb 2013 | #7 | |
| Behind the Aegis | Feb 2013 | #8 | |
| glowing | Feb 2013 | #11 | |
| LiberalLoner | Feb 2013 | #9 | |
| harmonicon | Feb 2013 | #10 | |
| Spider Jerusalem | Feb 2013 | #12 | |
| jamesatemple | Feb 2013 | #14 | |
| NickB79 | Feb 2013 | #15 | |
| Mnemosyne | Feb 2013 | #16 |
Response to DogPawsBiscuitsNGrav (Original post)
Sat Feb 2, 2013, 03:50 AM
Ed Suspicious (1,122 posts)
1. I'm convinced that if I were to step outside and fart in the wind they would find that to be a cause
|
for higher crude prices.
|
Cannot reply in locked threads
Response to Ed Suspicious (Reply #1)
Sat Feb 2, 2013, 03:56 AM
DogPawsBiscuitsNGrav (408 posts)
3. Not if you farted in front of a conservative. Then it would be considered global warming LOL
Cannot reply in locked threads
Response to DogPawsBiscuitsNGrav (Original post)
Sat Feb 2, 2013, 03:54 AM
Sherman A1 (11,530 posts)
2. I have been angry about them for years
|
I cut out driving beyond my commute when prices got to $1.23. Do much more shopping research on the net and group errands to save gas. My car sits at least one day per week and goes nowhere. I bought a gas sipper for commuting and try to drive it as intelligently as possible. Recycle, instituted a plastic saving measure at my workplace (saved the company about $32K per year on plastic trash bags).
I am angry about them and doing what I can do. |
Cannot reply in locked threads
Response to Sherman A1 (Reply #2)
Sat Feb 2, 2013, 03:59 AM
DogPawsBiscuitsNGrav (408 posts)
4. Kudos to you on saving the 32,000! Way ta go team! We're all going to have to cut back even
|
more if this gets any worse.
|
Cannot reply in locked threads
Response to DogPawsBiscuitsNGrav (Original post)
Sat Feb 2, 2013, 03:59 AM
gtar100 (2,519 posts)
5. Gas prices rise when oil executives feel they can get away with it.
|
They may associate increases with events but that's just bullshit. It's a conscious choice they make to get away with gouging us for as much as they can. If they actually raised prices because of need (to cover rising expenses), then their profits would have remained steady over the years. But instead, their profits have sky-rocketed at the same time they squeal about having to raise prices.
These reports are bullshit, pure and simple. |
Cannot reply in locked threads
Response to gtar100 (Reply #5)
Sat Feb 2, 2013, 05:10 AM
tecelote (706 posts)
6. Completely Agree!
|
They have all sorts of reasons why prices go up but when these issues resolve, why doesn't it go back down?
Oil company profits are the major reason the economy tanked, above all other reasons. High gas prices mean everything costs more. Drop gas back to under $2 and watch our economy boom. It would put extra cash in everyone's pockets and increase company profits indiscriminately across the board. |
Cannot reply in locked threads
Response to tecelote (Reply #6)
Sat Feb 2, 2013, 06:51 AM
skepticscott (7,285 posts)
13. If gas prices drop under $2
|
You will also watch people rush back out to buy more gas-guzzling trucks and SUVs, drive far more than they need to, and use public transportation less. Congestion and greenhouse gas emissions go up, and oil reserves drop faster. Lower gas prices are not all gravy.
|
Cannot reply in locked threads
Response to gtar100 (Reply #5)
Sat Feb 2, 2013, 05:14 AM
Le Taz Hot (14,419 posts)
7. Exactly right. n/t
Cannot reply in locked threads
Response to gtar100 (Reply #5)
Sat Feb 2, 2013, 05:23 AM
Behind the Aegis (27,540 posts)
8. One of the reports is from last year, the other from 2008.
|
It is a poorly constructed conspiracy theory; nothing more.
|
Cannot reply in locked threads
Response to gtar100 (Reply #5)
Sat Feb 2, 2013, 06:47 AM
glowing (11,129 posts)
11. They probably feel they can raise them a bit since the DOW
|
hit 14,000. They live in a convoluted lifestyle with little interaction with the real world. Putting energy/ oil into speculation over the Enron debacle way back in Bush years is one of the real reasons for the inflated price of oil. I'm not sure if its a good thing food and energy is good to speculate on in these times. If u let Wall St gamble over everyday needs, then the rest of the work suffers when they speculate high and the market goes high with a payday. If Wall St could gamble on sports teams, the boys wouldn't hop on a private jet to go gamble and golf in the desert in Nevada.
|
Cannot reply in locked threads
Response to DogPawsBiscuitsNGrav (Original post)
Sat Feb 2, 2013, 05:25 AM
LiberalLoner (5,333 posts)
9. Peak oil might be a consideration over the long run, too.
Cannot reply in locked threads
Response to DogPawsBiscuitsNGrav (Original post)
Sat Feb 2, 2013, 06:47 AM
harmonicon (11,927 posts)
10. I'm concerned that most Americans live in ways that make gas prices matter. (nt)
Cannot reply in locked threads
Response to DogPawsBiscuitsNGrav (Original post)
Sat Feb 2, 2013, 06:50 AM
Spider Jerusalem (15,353 posts)
12. Nope
|
honestly? Gasoline prices should be higher. Americans pay the lowest price for fuel of any developed country as it is. It should probably be around $5 a gallon with the increase coming from taxes that fund sustainable development and oil alternatives.
|
Cannot reply in locked threads
Response to Spider Jerusalem (Reply #12)
Sat Feb 2, 2013, 07:03 AM
jamesatemple (261 posts)
14. Absolutely!
|
Once in a while, a spark of sanity makes an appearance. Thank you, Spider Jerusalem! Five-dollar-a-gallon gasoline would force folks to consider hybrids, electrics, lower speed limits, drive planning and other measures of conservation. And the attendant tax revenue would be a boon to job creation in the alternative fuel industry. Here in Texas, the moronic legislature INCREASED the speed limit on the Interstate highways.
|
Cannot reply in locked threads
Response to DogPawsBiscuitsNGrav (Original post)
Sat Feb 2, 2013, 07:27 AM
NickB79 (9,393 posts)
15. The planet burns 85 million barrels of non-renewable oil a day
|
We're sucking this planet dry like it's a Slurpee at a 7/11 and dumping the shit left over into the water and air all around us. We're literally changing the climate of an entire planet.
Am I pissed gas prices are going up? Nope, it's to be expected. Anyone who's been paying attention for the past decade should have figured out that you can't expect to maintain infinite growth when your economy is built upon finite resources. |
Cannot reply in locked threads
Response to DogPawsBiscuitsNGrav (Original post)
Sat Feb 2, 2013, 09:18 AM
Mnemosyne (16,143 posts)
16. Nope, needs to be higher, cut the oil subsidies. nt
Cannot reply in locked threads

