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Sat Feb 2, 2013, 03:47 AM

 

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).

The more Netanyahu bombs, the higher the gas prices climb. Obama has done a good job and so far held his ground refusing war, but I feel like Netanyahu's holding Americas economy hostage. We either go to war for him or our economy is destroyed. We're teetering on the ledge. The economy can't take another hit with high gas prices, as it raises the prices of all other goods and services. War with Russia and China over a spoiled brat is not an option. Where do we go from here?

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/

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Response to DogPawsBiscuitsNGrav (Original post)

Sat Feb 2, 2013, 03:50 AM

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.

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Response to Ed Suspicious (Reply #1)

Sat Feb 2, 2013, 03:56 AM

3. Not if you farted in front of a conservative. Then it would be considered global warming LOL

 

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Response to DogPawsBiscuitsNGrav (Original post)

Sat Feb 2, 2013, 03:54 AM

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.

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Response to Sherman A1 (Reply #2)

Sat Feb 2, 2013, 03:59 AM

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.

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Response to DogPawsBiscuitsNGrav (Original post)

Sat Feb 2, 2013, 03:59 AM

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.

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Response to gtar100 (Reply #5)

Sat Feb 2, 2013, 05:10 AM

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.

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Response to tecelote (Reply #6)

Sat Feb 2, 2013, 06:51 AM

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.

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Response to gtar100 (Reply #5)

Sat Feb 2, 2013, 05:14 AM

7. Exactly right. n/t

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Response to gtar100 (Reply #5)

Sat Feb 2, 2013, 05:23 AM

8. One of the reports is from last year, the other from 2008.

It is a poorly constructed conspiracy theory; nothing more.

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Response to gtar100 (Reply #5)

Sat Feb 2, 2013, 06:47 AM

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.

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Response to DogPawsBiscuitsNGrav (Original post)

Sat Feb 2, 2013, 05:25 AM

9. Peak oil might be a consideration over the long run, too.

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Response to DogPawsBiscuitsNGrav (Original post)

Sat Feb 2, 2013, 06:47 AM

10. I'm concerned that most Americans live in ways that make gas prices matter. (nt)

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Response to DogPawsBiscuitsNGrav (Original post)

Sat Feb 2, 2013, 06:50 AM

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.

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Response to Spider Jerusalem (Reply #12)

Sat Feb 2, 2013, 07:03 AM

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.

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Response to DogPawsBiscuitsNGrav (Original post)

Sat Feb 2, 2013, 07:27 AM

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.

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Response to DogPawsBiscuitsNGrav (Original post)

Sat Feb 2, 2013, 09:18 AM

16. Nope, needs to be higher, cut the oil subsidies. nt

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