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sparky
Former Member
Joined: 06 May 2004
Posts: 546
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 Posted: Wed May 26, 2004 2:36 pm Post subject: |
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| I can't believe anyone is that worried about the price of gas. Don't you people know? It's going to plummet in October. |
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Keith
Lt.Jg.
Joined: 18 May 2004
Posts: 130
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| Posted: Wed May 26, 2004 2:43 pm Post subject: |
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| sparky wrote: | | I can't believe anyone is that worried about the price of gas. Don't you people know? It's going to plummet in October. |
 So do you want Bush to "jawbone" the Saudi's or do you not want him to "jawbone" the Saudi's. If he doesn't, he's not doing enough to lower gas prices, if he does, he's playing politics... very clever political maneuvering so that he can't win either way... hats off to the DNC on this one.
Keith |
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sparky
Former Member
Joined: 06 May 2004
Posts: 546
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| Posted: Wed May 26, 2004 3:07 pm Post subject: |
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| I'd prefer market prices for gasoline both now and before the election instead of his cronies in Saudi Arabia monkeying around with the price now and in October. |
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Keith
Lt.Jg.
Joined: 18 May 2004
Posts: 130
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| Posted: Wed May 26, 2004 8:42 pm Post subject: |
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| sparky wrote: | | I'd prefer market prices for gasoline both now and before the election instead of his cronies in Saudi Arabia monkeying around with the price now and in October. |
(I'm tired, so this may turn into rambling.... )
Fair enough. But then, for your argument to be correct, we'd need to assume that we do not have market prices today. On the other hand, what are market prices in the case of oil. Since OPEC controls the tap for a significant quantity of the world supply, the only way we can affect the market price is through lower demand or through alternate sources to increase supply. We have, as a nation, chosen to do neither.
I found it interesting that one of the DNC pundits said in an interview this morning (I apologize, I forget which one) that we should demand that Saudi Arabia produce more oil... aren't they a sovereign nation? Don't they get to decide what they want to do with their resources, just like we get to decide what to do with our resources?
Supply of oil aside, there are other factors playing a role in the supply of gasoline in the US (as opposed to the supply of oil), including new environmental regulations causing a need to retool refineries this year, the lack of new refineries (the last new refinery went on line in 1976), the custom blends that must be produced for vaious state-specific environmental laws which reduces the ability of refineries to get on a roll and efficiently produce large volumes of one kind of regular unleaded gas, the increased demand for oil in China due to an economic boom in that country... etc.
Keith |
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