Microgunner Posted April 8, 2011 Report Share Posted April 8, 2011 God help us. Quote Link to comment Share on other sites More sharing options...
rodent.22 Posted April 9, 2011 Report Share Posted April 9, 2011 These prices are fueled by speculation on the commodities market. THERE IS NO FUEL SHORTAGE, NOT EVEN REMOTELY CLOSE. Back in '73-'74 and '79-'80 during REAL fuel shortages caused by actual OPEC scalebacks the first thing that happened was the major producers CUT OFF all fuel supplies to independents, including even chain outlets not owned by the majors. Today there is a gas station on EVERY corner, and they have all the fuel you can buy. Yet the prices are spiking seasonally- Speculation pure and simple. Quote Link to comment Share on other sites More sharing options...
lmao_37 Posted April 9, 2011 Report Share Posted April 9, 2011 These prices are fueled by speculation on the commodities market. THERE IS NO FUEL SHORTAGE, NOT EVEN REMOTELY CLOSE. Back in '73-'74 and '79-'80 during REAL fuel shortages caused by actual OPEC scalebacks the first thing that happened was the major producers CUT OFF all fuel supplies to independents, including even chain outlets not owned by the majors. Today there is a gas station on EVERY corner, and they have all the fuel you can buy. Yet the prices are spiking seasonally- Speculation pure and simple. You hit the nail right on the head just ripping us all off Quote Link to comment Share on other sites More sharing options...
asmurff Posted April 9, 2011 Report Share Posted April 9, 2011 What there is a shortage of is common sense in the present adminstration and Department of Energy.Drill, drill, drill. Quote Link to comment Share on other sites More sharing options...
Longitude Zero Posted April 9, 2011 Report Share Posted April 9, 2011 Make Oil Speculation illegal worldwide. Quote Link to comment Share on other sites More sharing options...
asmurff Posted April 9, 2011 Report Share Posted April 9, 2011 Make Oil Speculation illegal worldwide.Yes to this! Quote Link to comment Share on other sites More sharing options...
rodent.22 Posted April 9, 2011 Report Share Posted April 9, 2011 Big Oil should be nationalised, it's too critical to the nation and a room full of money-swillers shouldn't have us by the short hairs. Quote Link to comment Share on other sites More sharing options...
rodent.22 Posted April 9, 2011 Report Share Posted April 9, 2011 What there is a shortage of is common sense in the present adminstration and Department of Energy.Drill, drill, drill.back where I'm from in Texas there are wells drilled in the 'teens that have never been pumped. The production of oil is the most highly regulated business in the country. A well may be allowed to pump for 15 minutes a day, depending on the allowance. When there is unlimited production oil becomes worthless. Production stability is the name of the game to keep prices stable. Drilling more wells will not help the oil supply, they wouldn't be pumped enough to matter. Our real national defense plan that relates to oil is buy the world's oil and keep ours in the ground. Obviously much of our use is domestic production but we buy all we can on the world market. heres a picture of my hometown in 1919. Burkburnett, Texas Quote Link to comment Share on other sites More sharing options...
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