I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus
LadyJazzer wrote: And "the Keystone XL pipeline is not actually needed to bring all that new Canadian oil to the US – a flow now projected to rise to 1.7 million barrels per day by 2030, according to the same DOE study. Often characterized by proponents as validating the need for the pipeline, that study actually found that Canadian oil import growth will go on at “almost identical” levels through 2030 using existing and new pipeline capacity as well as rail shipments – whether or not Keystone XL is built."
Yep, two of your rants later, the facts still haven't changed... Isn't that interesting....
If the US already had enough pipeline infrastructure for expected increases in Canadian oil production, why are they attempting to build more? Why spend all that private money building a pipeline that they will struggle to find customers for. Your talking points read false.
Thomas Sowell: There are no solutions, just trade-offs.
There really hasn't been much media coverage on the huge spike in gasoline prices as compared to when Bush was in office. There are just reports that gas has gone up.
I truly believe that this is speculators than anything else. Economies are not allowing for a major increase in oil consumption, according to the news. There seems to be plenty of oil at the moment. So what else could be causing this?
Speculators? Just good business sense, gas prices tend to rise in the summer, lock in your options now. And speculation isn't a sure profit, gas prices do go down too.
Thomas Sowell: There are no solutions, just trade-offs.
2wlady wrote: There really hasn't been much media coverage on the huge spike in gasoline prices as compared to when Bush was in office. There are just reports that gas has gone up.
I truly believe that this is speculators than anything else. Economies are not allowing for a major increase in oil consumption, according to the news. There seems to be plenty of oil at the moment. So what else could be causing this?
It's greed, greed, greed.
Speculators have little to nothing to do with the price of Gasoline- or oil. There are numerous studies to support this fact- but the left keeps bringing it up - usually when the price is on the rise.
Funny how they don't complain about speculators while the price is going down. Speculators provide a valuable service by adjusting the market price depending on the supply and demand conditions. They help by "speculating" if the price will be higher or lower- and if they guess wrong - they can lose big time. Their function is to react- and keep the price in line with the market conditions.
If conditions are favorable- the speculators will cause the price to drop quickly- much more quickly than any other system in the world. And by contrast- if the market conditions are such that prices will rise- they will also rise very quickly. All they do is provide the system for prices to rise and fall in line with the market conditions.
The overall effect has ZERO impact on prices overall- in fact they probably save us money by reacting to world supply and demand forces in a timely manner.
But just so you know- I do think these prices are the result of greed- but not the way you think. It's the greed of our government- and their lack of support for an economical energy strategy that has resulted in this price spike.
And the reason for soaring gas prices?
According to President Obama, it’s not because of anything he has done: including devaluing the dollar via his disastrous economic decisions, closing federal lands for oil production opened by his predecessor, passing cap-and-trade legislation in the middle of the worst economy since the Great Depression, or refusing to stand strong against the regime in Iran, which controls 20 percent of all global oil supply via the Strait of Hormuz.
http://www.wnd.com/2012/03/obamas-covert-plan-to-soar-gas-prices
If you are really interested in the truth- read this article by Chuck Norris about gas prices- lots of truth there. And you better believe Chuck- or he will drop kick you're butt and karate chop you on your thick skulls!
2wlady wrote: There really hasn't been much media coverage on the huge spike in gasoline prices as compared to when Bush was in office. There are just reports that gas has gone up.
I truly believe that this is speculators than anything else. Economies are not allowing for a major increase in oil consumption, according to the news. There seems to be plenty of oil at the moment. So what else could be causing this?
It's greed, greed, greed.
Speculators have little to nothing to do with the price of Gasoline- or oil. There are numerous studies to support this fact- but the left keeps bringing it up - usually when the price is on the rise.
Funny how they don't complain about speculators while the price is going down. Speculators provide a valuable service by adjusting the market price depending on the supply and demand conditions. They help by "speculating" if the price will be higher or lower- and if they guess wrong - they can lose big time. Their function is to react- and keep the price in line with the market conditions.
If conditions are favorable- the speculators will cause the price to drop quickly- much more quickly than any other system in the world. And by contrast- if the market conditions are such that prices will rise- they will also rise very quickly. All they do is provide the system for prices to rise and fall in line with the market conditions.
The overall effect has ZERO impact on prices overall- in fact they probably save us money by reacting to world supply and demand forces in a timely manner.
But just so you know- I do think these prices are the result of greed- but not the way you think. It's the greed of our government- and their lack of support for an economical energy strategy that has resulted in this price spike.
And the reason for soaring gas prices?
According to President Obama, it’s not because of anything he has done: including devaluing the dollar via his disastrous economic decisions, closing federal lands for oil production opened by his predecessor, passing cap-and-trade legislation in the middle of the worst economy since the Great Depression, or refusing to stand strong against the regime in Iran, which controls 20 percent of all global oil supply via the Strait of Hormuz.
http://www.wnd.com/2012/03/obamas-covert-plan-to-soar-gas-prices
If you are really interested in the truth- read this article by Chuck Norris about gas prices- lots of truth there. And you better believe Chuck- or he will drop kick you're butt and karate chop you on your thick skulls!
If you are really interested in the truth... DON'T READ WORLD NUT DAILY. You must be kidding. WND is a self-referential looney bin of conspiracy theory wacko's, and religious zealots. It's the NAtional Inquirer of conservative publications. And since when did Chuck Norris become an expert in global oil markets and international trade? That was suppose to be a parody... right? Like The Onion?
2wlady wrote: There really hasn't been much media coverage on the huge spike in gasoline prices as compared to when Bush was in office. There are just reports that gas has gone up.
I truly believe that this is speculators than anything else. Economies are not allowing for a major increase in oil consumption, according to the news. There seems to be plenty of oil at the moment. So what else could be causing this?
It's greed, greed, greed.
Speculators have little to nothing to do with the price of Gasoline- or oil.
God, I love it when you make these pronouncements with no proof or SOURCES. It gives me yet another chance to call you a LIAR, and cram it down your throat WITH truth:
Oil speculation seen adding $600 to your gas bill
"Speculation will add $600 to the average household expenditures on gasoline in 2011," a report released Thursday by the Consumer Federation of America said, "resulting in the highest level of spending ever of almost $2,900.
When Goldman Sachs Warns That Speculation Drives Oil Prices, Listen Up
How much does speculation drive up oil prices? By roughly 20 percent, or between $21.40 and $26.75 a barrel, Goldman suggested. Every million barrels of oil held by speculators results in a price rise of 8-10 percent. Not surprisingly, such increases coincide with record levels of speculation in oil futures, Commodity Futures Trading Commission officials note. Since June 2008, the number of energy contracts held by such investors has risen 64 percent.
You're a liar... I put up my sources...(And believe me, there are many more--I just chose the first two...)
Where's yours? From the industry-equivalent of "The Tobacco Institute"?
2wlady wrote: There really hasn't been much media coverage on the huge spike in gasoline prices as compared to when Bush was in office. There are just reports that gas has gone up.
I truly believe that this is speculators than anything else. Economies are not allowing for a major increase in oil consumption, according to the news. There seems to be plenty of oil at the moment. So what else could be causing this?
It's greed, greed, greed.
:thumbsup:
Exactly...There really ISN'T a "shortage" right now...And what there is is being driven by speculators and GREED, just as you said.
Here is an analysis of the affects of speculation- aside from all the political blathering about the subject... here is what they found.
We reviewed various pieces of evidence, such as the behavior of inventories, supply and demand data, and macroeconomic variables, to see whether they support one hypothesis over the other. After examining futures-market-related data, it appears that fundamentals drove speculative activity and prices—rather than speculation dictating prices
. A separate analysis of the cash, or “physical,” market presented in our companion Economic Letter produces similar findings.
In a literal sense, speculators bet on where the price of the commodity will go. If they are correct, they make a profit. In the grander scheme of things, however, speculators perform an economic function by making the market more liquid, acting as additional buyers and sellers, thus facilitating transactions and improving market efficiency.
Normal Market Behavior
Activity in the crude oil futures market increased appreciably in the past decade, as did the number of noncommercial traders, the so-called speculators. This coincided with rising oil prices but didn’t necessarily cause them. No transmission mechanism linking futures prices to spot prices appears until transactions occur in the spot market. Looking at the 2007–09 period, the data are consistent with how a well-functioning futures market would behave, initially when there is tightness in the market, and later when there is considerable slack due to the global recession. Futures market traders, therefore, seem to have been routine market participants
So- what say all you Liberals in the face of actual research?
The research shows that prices are not affected by speculation, and that speculation provides a useful market function for maximim market efficiency.
Well, you've got your sources, and I've got mine... And somehow, I think Goldman-Sachs and Money.cnn trumps yours. As I said, I only picked the first two, and there were MANY more...
Your second quote doesn't prove anything other than speculators make money when it goes UP, and lose when it goes down.... Big whoop...It's not a "source."
:thumbsup:
