Wanna know why gas prices are so high?

Wall Street greed fueling high gas prices


Is Big Oil to blame? Sure. Partly. Big oil companies have been gouging consumers for years. They have made almost $1 trillion in profits over the past decade, in part thanks to ridiculous federal subsidies and tax loopholes. I have proposed legislation to end those pointless giveaways to some of the biggest and most profitable corporations in the history of the world.

But there's another reason for the wild rise in gas prices. The culprit is Wall Street. Speculators are raking in profits by gambling in the loosely regulated commodity markets for gas and oil.

Warning: Reading the entire article is educational and informative but may also make your blood pressure go through the roof. *I gotta go get a pill! Or something .......*


:bash

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Originally Posted by RB2D2

Wall Street greed fueling high gas prices


Is Big Oil to blame? Sure. Partly. Big oil companies have been gouging consumers for years. They have made almost $1 trillion in profits over the past decade, in part thanks to ridiculous federal subsidies and tax loopholes. I have proposed legislation to end those pointless giveaways to some of the biggest and most profitable corporations in the history of the world.

But there's another reason for the wild rise in gas prices. The culprit is Wall Street. Speculators are raking in profits by gambling in the loosely regulated commodity markets for gas and oil.

Warning: Reading the entire article is educational and informative but may also make your blood pressure go through the roof. *I gotta go get a pill! Or something .......*


:bash

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No blood pressure rise here. Seeing that Bernie Sanders authored this piece I knew right away that this was nothing more than a reading from the Marx and Engels playbook. The very same book the Beav studies and preaches from. And by the way that ivy league educated Bill O'Reilly is singing the same tune as Bernie Sanders on this issue and this is what is making my blood boil.

Kind of repeating myself here but one thing I'm sure of is that with the election of any loony utopians like Obama or any Stalinist or Hitler types that any one of those loons would never have a problem staffing their regimes with the hoards of this countries ivy league graduates clamoring for positions to work toward their utopian ideals they were inculcated with during their studies.

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Originally Posted by RB2D2

Wall Street greed fueling high gas prices


Is Big Oil to blame? Sure. Partly. Big oil companies have been gouging consumers for years. They have made almost $1 trillion in profits over the past decade, in part thanks to ridiculous federal subsidies and tax loopholes. I have proposed legislation to end those pointless giveaways to some of the biggest and most profitable corporations in the history of the world.

But there's another reason for the wild rise in gas prices. The culprit is Wall Street. Speculators are raking in profits by gambling in the loosely regulated commodity markets for gas and oil.

Warning: Reading the entire article is educational and informative but may also make your blood pressure go through the roof. *I gotta go get a pill! Or something .......*


:bash

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This is a complete joke.

First of all, this is from CNN.

Second, it's an opinion piece.

Third, it's written by Bernie Sanders the only (admitted) socialist in the US Senate.

I'll just add that I'm happy to pay higher prices at the pump if it will help defeat Obama in the fall.

Your needle is stuck LBM, banghead Try this and see if this won't help getting you to thinking straight for a change. Rofl EB

Joke or not there is no improved demand for extra oil and the flo hasn't been interupted, just the threat of being cut off but Saudi Arabia has said they would release more oil to make up the difference so why do you think the price has raised so drastically in recent weeks, DB4D?? EB

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Originally Posted by Eager Beaver

Your needle is stuck LBM, banghead Try this and see if this won't help getting you to thinking straight for a change. Rofl EB

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Yes my needle is stuck on the preservation of liberty and the warding off of tyranny.

Why don't you start thinking about upholding the US Constitution that was written to establish a limited government that protects individual liberties. Yes individual liberties something that is invariably lost and totally trashed by the promotion of yours and Karl Marx's loony utopian ideas.

^^^^EB..................demand out paces refinery capacities in the spring when they perform maintenance and this is also the time when they change the grade or RVP (Reid Vapor Pressure) or more simply put, they switch from "winter gas" to "summer gas"................it happens every spring.....its just way more noticble when its already high

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Originally Posted by Eager Beaver

... so why do you think the price has raised so drastically in recent weeks, DB4D?? EB

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Maybe because Obama has the worst energy policy ever:


http://video.foxbusiness.com/v/1469886137001/


Terrible policy from the White House coupled with tensions in the Mideast is never a good thing for gas prices. The silver lining to this cloud is that it could be Obama's undoing. :Hands Clapping

I usually don't get on this part of Crappie.com but does anyone remember when George Bush Jr. Removed the cap on oil Prices?

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Originally Posted by Crappie 1

I usually don't get on this part of Crappie.com but does anyone remember when George Bush Jr. Removed the cap on oil Prices?

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So and you think you know what the cap on oil prices should be. Please share that with us.

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Originally Posted by LBM

So and you think you know what the cap on oil prices should be. Please share that with us.

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Well, I'm sure you know more about it than anyone. But just seems when you take the cap off anything it can go as high as it wants. Just saying. No I have no idea what the cap should be, but when it was removed, ah well, that's why I never go here.

RVP is a big city gas. it is for big cities who require more regulations on gas. It's not winter/summer gas, it's the diffrence in the weights,one wieghs 7.9 and the other weighs 9 lbs a gallon. it has something to do with clean air and vapor recovery. the big problem is Wall Street day traders are absolutly breaking the U.S out of pure greed and they are making all fuel jobbers and convience store owners look like they are gouging prices. OK I fell better.

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Originally Posted by Crappie 1

Well, I'm sure you know more about it than anyone. But just seems when you take the cap off anything it can go as high as it wants. Just saying. No I have no idea what the cap should be, but when it was removed, ah well, that's why I never go here.

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I don't have a clue as to what the price should be and don't claim omniscience like all the utopian big government types do who think they know best at how every aspect of how society should be conducted.

But from my limited reading of history I do know that the free markets have proven to be much better at supplying the things the folks need and want way better than any of the command economies have ever done from their foolishly held fabled delusional positions of omniscience.

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Originally Posted by Crappie 1

... does anyone remember when George Bush Jr. Removed the cap on oil Prices?

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No, I don't. What are you talking about?

Mr. LBM it seems you repeat that little "preaching sentence" at the bottom of all your posts. I highly recommend that you take all your Meds. in the morning, and an extra Valium. Buddy, you need to chill out, or breath in a paper bag.

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demand out paces refinery capacities in the spring ... fishingRod

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Demand has nothing to do with it, the US is drowning in gas. Our refineries are the best most efficient in the world.

Gasoline: The next big U.S. export - Dec. 5, 2011


banghead

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Originally Posted by DTG

RVP is a big city gas. it is for big cities who require more regulations on gas. It's not winter/summer gas, it's the diffrence in the weights,one wieghs 7.9 and the other weighs 9 lbs a gallon. it has something to do with clean air and vapor recovery. the big problem is Wall Street day traders are absolutly breaking the U.S out of pure greed and they are making all fuel jobbers and convience store owners look like they are gouging prices. OK I fell better.

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the RVP is the rate at which gas evaporates at 100^F......if you dont like this limk there are hundreds more...just google

HowStuffWorks "Why is summer fuel more expensive than winter fuel?"


Twice every year in the United States, the fuel supply changes. It's known as the seasonal gasoline transition. This change is the biggest reason for the price hike in summer gasoline. Depending on the time of year, gas stations switch between providing summer-grade fuel and winter-grade fuel. The switch started in 1995 as part of the Reformulated Gasoline Program (RFG), which was established through the 1990 Clean Air Act Amendments. The Environmental Protection Agency (EPA) started the RFG program in order to reduce pollution and smog during the summer ozone season, which occurs from June 1 to Sept. 15 [Source: EPA].

Michelle don't care. Big spenders and they (MnO) are hippo-crits. Read it and weep.

First Lady requires more than twenty attendants

It is NOT just an accident that we are headed for $5.00/gallon on gasoline.

It has been Obama's intention all along. Here is a quote by Stephen Chu, Obama's Sec'ry of Energy




"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe."



Here are some examples of Obama's action to raise the price of gasoline:

1) Stopping the Keystone Oil Pipeline

2) Delaying the approvals for offshore drilling off Louisiana

3) Continuing the blockage of drilling in ANWR (Alaskan National Wildlife Refuge)

4) Blocking offshore drilling in Alaska

5) Blocking exploration offshore between Cuba and the USA

6) Stopping research for converting coal to gasoline

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Originally Posted by Eager Beaver

Joke or not there is no improved demand for extra oil and the flo hasn't been interupted, just the threat of being cut off but Saudi Arabia has said they would release more oil to make up the difference so why do you think the price has raised so drastically in recent weeks, DB4D?? EB

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I think I read where Saudi Arabia reduced production after they said they would increase it. Sell less crude get same income.

Oil policy is the problem from the begining of BHO rule.. Chu man Chu under Obamas dictatorship wants high prices and looks like his wants will not end.

Energy Secretary Steven Chu Embraces High Gas Prices

Thanks To Mr. Obama, America Is Running On Empty | Fox News

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From Crappie 1: Well, I'm sure you know more about it than anyone. But just seems when you take the cap off anything it can go as high as it wants. Just saying. No I have no idea what the cap should be, but when it was removed, ah well, that's why I never go here.

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Crappie, if you don't come here how will these people learn the truth? How will they get the facts? How will they grow in knowledge? How will they become more tolerant of differing opinions? It's your obligation as a human being to give aide to your fellow man. Otherwise they are doomed to beating the same ole dead horse over and over and over.

Besides Eager Beaver could use a little support ever now and then. He is about the only one here that actually sees the light.


:biggrin

The light don't shine on EB, that his blooming idiot sign flashing.nonono

Obama Speech On High Gas Prices Contained Five Major Whoppers About Energy - Investors.com

My bad.

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Originally Posted by RB2D2

Demand has nothing to do with it, the US is drowning in gas. Our refineries are the best most efficient in the world.

Gasoline: The next big U.S. export - Dec. 5, 2011


banghead

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Not sure what the significance is and exactly what your point is here. Are you denying that 'demand' is a factor in the definition and understanding of economic theory regarding gasoline prices or is it you don't like the way markets work and that you and Obama and Karl Marx know of something much better than the free market?

Are you denying that this inventory of refined product is now some how not the private property of the oil company after they have put forth their time energy, expertise and investment at finding extracting and refining it?

Are you implying like that Bill O'Reilly this oil is really the property of all of ours when the majority of us are absolutely clueless with no inkling as to the expense and expertise required in finding and processing and marketing the refined oil products?

Are you attempting to deny the oil companies their rights to use and dispose of their rightfully owned property in a manner that would result in maximizing the profits for them and their shareholders?

Are you like Hugo Chavez and Obama suggesting from your utopian and infinite omniscience do in fact know better at how and where the oil companies should dispose of their property? I think you'll find that Valenzuela's oil production hasn't shown any increases in efficiencies of production since they were nationalized.

Are you suggesting with this countries glut of gasoline that the oil companies should now reduce refinery outputs and let those expensive investments set idle and in all probabilities mean less people required in their operation? I'm just guessing here but I would think that those refineries are kept in much better condition and state if they are kept chugging along and not shut down and restarted but I'm sure the owners of the refineries know for sure on this.

As far as the refineries being the best and most efficient in the world I would suggest they are that away because of free markets profit motives and those greedy bastards being left free to maximize their own profits. It is those whom I place my best hope on at seeing gasoline available for purchase in the market place in the future and not on any utopian statist socialist liberal redistribution-est who think they are all knowing.

:popcorn Damn i dont ever come in here but i might have to start this is some entertaining reading.

EB and Puzzle Lady are entertaining the crappie troops. I enjoy their company when I ain't fishing or counting my money.:popcorn

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Originally Posted by Hogster1

:popcorn Damn i dont ever come in here but i might have to start this is some entertaining reading.

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this is just the sandbox......this one is fixing to get moved upstairs to the WOT.........gotta know the special handshake to get in, but its easily attainable

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Originally Posted by RB2D2

Crappie, if you don't come here how will these people learn the truth? How will they get the facts? How will they grow in knowledge? How will they become more tolerant of differing opinions?

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Finally a very small tidbit of one of your posts that I can agree with in your invite to Crappie 1 to enter this sandbox and have some fun. Just enter with a few caveats like don't enter with a thin skin and don't take it all that seriously and realize you won't be agreed with and you probably won't be changing anyone's opinion.

I like to think I have very valid and logical reasons for what I advocate. I find it enjoyable trying to lay out my reasons for the positions I hold and look forwards to any logical counter point shots that might tear apart my positions - I always consider myself open to being swayed by logically reasoned arguments. Now if I held those opinions based on whims and emotions and how good they make me feel I wouldn't be open to having my positions changed based on sound logic which is the exact opposite of some folks here. That being the case one wonders why they would choose to engage in debate here.

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Originally Posted by RB2D2

It's your obligation as a human being to give aide to your fellow man.

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I know that this was directed at Crappie 1 but I'll still comment on it.

I refuse to accept as an obligation the giving of aid indiscriminately to any Tom Dick or Harry that has meandered through life mindlessly making stupid decisions refusing to accept any responsibility for his actions and where he finds himself. The imposition of obligations on others is a prominent and ever occurring thread running through most all lib positions where as my positions don't impose obligations on others. Fundamentally I don't want to deprive anyone else of their freedom and certainly don't want my freedoms subjugated by others with their loony positions.

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Originally Posted by RB2D2

Besides Eager Beaver could use a little support ever now and then. He is about the only one here that actually sees the light.


:biggrin

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Now as for the Beav he is beyond supporting on his political positions and Tom has it well characterized as to why he is not seeing any light.

The ol Beav has been playing in this sandbox for some time and I do get a certain amount of enjoyment from romping with him. I do somewhat admire that he continues stirring the pot here and do somewhat find myself in a slump in his absence from here. From all his postings I do consider him as a very good and reliable source on crappie fishing. He is someone I believe I could really enjoy a day on the water fishing with. I would enjoy picking his brain on crappie fishing. I don't think we would be bashing each other over the head with oars or anything else--anyhow it wouldn't be me starting it. If in fact we weren't catching any fish I might poke him in the ribs about his loony political positions but in reality with his fishing expertise we would probably be catching too many fish and not leaving enough time for prodding each other about our political positions. :biggrin

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Originally Posted by RB2D2

Crappie, if you don't come here how will these people learn the truth? How will they get the facts? How will they grow in knowledge? How will they become more tolerant of differing opinions? It's your obligation as a human being to give aide to your fellow man. Otherwise they are doomed to beating the same ole dead horse over and over and over.

Besides Eager Beaver could use a little support ever now and then. He is about the only one here that actually sees the light.


:biggrin

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From the first, I thought this thread was just trolling, and this post hasn't changed my mind. Just in case you're sincere, though, you're wasting your time with this stuff.

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Originally Posted by RB2D2

Besides Eager Beaver could use a little support ever now and then. He is about the only one here that actually sees the light.

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You and Beav are in a dark tunnel. That light coming toward you is the Train of Reality.

And only time will tell DB4D, Who's is reality and who's is, Oh well! you can add whatever you want here! Rofl EB

LBM is right in that this is for entertainment and nothing is meant to be taken personal. This is fun time until we can get back to fishing again, which should be in a few weeks yet. :crazy:EB

Me too, but I count momma's money every sixty months

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Originally Posted by Cane Pole

EB and Puzzle Lady are entertaining the crappie troops. I enjoy their company when I ain't fishing or counting my money.:popcorn

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Well, mr. LBM I apologize for my comment made last night. You guys are most likely all really good people. Myself, I don't think it makes any difference who's in office, it never seems to help make my life any better. I think they are all just a greedy bunch of politicians that could care less about the American people. Also, we have another bunch of the same type coming up, more promises, more lies, more B.S. I'm a fisherman, not a person who likes to debate everything. I don't think this is any place for me...Thanks for the lessons...

Brother you are wrong, this is a place for you. This site has become...evolved...into a better site. Some of these guys in here have been around a long time. just because someone might have a different opinion and not express theirs in a diplomatic way, don't take this crap personal. I'm with you, take all politicians and put them in a bag, shake it up and throw them out...they are all the same.

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Originally Posted by Crappie 1

Well, mr. LBM I apologize for my comment made last night. You guys are most likely all really good people. Myself, I don't think it makes any difference who's in office, it never seems to help make my life any better. I think they are all just a greedy bunch of politicians that could care less about the American people. Also, we have another bunch of the same type coming up, more promises, more lies, more B.S. I'm a fisherman, not a person who likes to debate everything. I don't think this is any place for me...Thanks for the lessons...

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Did you know that the US has an unlimited, untapped source for oil in and area of Alaska that we don't touch because some people in Canada find it offensive. They say we'd be ruining a natural habitat and that it would become unsightly...only thing is, it's so far up that no one would ever see it, not even the Canadians who are pressuring the US to NOT tap their own resources!

So how do I know this you might ask? I went to hear a lecture at my local library and the Canadians responsible for this were there trying to get us to support them...but, with the price of gas being what it is, and the fact that I don't care for them sticking their nose in our business when they certainly don't want anyone doing it to them...screw the Canadians, and let's tap into our own resources.