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Forums - Politics - I know why Obama will win!

Flanneryaug on 28 October 2012
Kasz216 said:
Flanneryaug said:
Pesmerga7551 said:
I just can't believe there is no law to regulate gasoline prices, and this is one of the biggest monopolies. Even though they try very hard to give the illusion that it isn't. Make a maximum profit margin per gallon sold regulated by the government. I just can't believe no company wants to make so much money and sell gasoline for less than its competitors. Stupid agreements ruin everything, by a bunch selfish f**ks who only think about their bottom line.

There actually is, it's called the Dodd-Frank Act. Part of it limits oil speculation, which is a major reason for high gas prices. However, that part of it hasn't been implemented yet due to courts holding it up.

No it doesn't...


http://www.forbes.com/sites/timworstall/2012/04/18/but-futures-speculation-doesnt-change-gas-prices/

http://www.cnn.com/2012/04/19/opinion/kilian-oil-speculation/index.html

 

All you need to look at is any of the science done on the numbers... and you'll see it's got nothing to do with speculation.

 

Oil and Gas prices have risen... because demand for Oil has risen... and production hasn't risen by as much.

Yes it does.

http://money.cnn.com/2012/03/21/markets/oil-gas-prices-speculators/index.htm

http://abcnews.go.com/blogs/business/2012/02/how-wall-st-is-raising-the-price-of-gas/

Oil speculation obviously drives up gas prices. You can argue by how much, but it does.

If you don't believe me, listen to Bill O' Reilly http://www.youtube.com/watch?v=pfzZjc_OMyw



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cloud1161 on 28 October 2012

This happens every election...



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NightDragon83 on 28 October 2012

Gas prices in my area were as low as $3.09 at the beginning of June... by the end of the summer they were back up to $3.89. Now they're down to $3.49.

It's called supply and demand. Oh.. and look for gas prices to increase at the pump over the next week or so thanks to the hurricane.



On 2/24/13, MB1025 said:
You know I was always wondering why no one ever used the dollar sign for $ony, but then I realized they have no money so it would be pointless.

gergroy on 28 October 2012
amp316 said:
badgenome said:
amp316 said:

That must be some terrible place you live in.

You need to move.

No need. Mitt Romney will lower my gas prices soon enough.

That guy thinks that Jesus lived in America and was named Joseph Smith.  I'm just saying...


You are just saying stuff that isnt true?



NightDragon83 on 28 October 2012
KungKras said:
I don't get the obsession over gas prices.

We will need to replace gasoline anyways. Shouldn't it be good that it increases, so other alternatives can compete more easily?

Um, and what exactly are those alternatives??  Ethanol costs just as much as regular unleaded gasoline in most places, and is no better for the environment overall.  Other than that... what are the other options besides getting an electric only vehicle that has to be charged every few hours by electricity that is brought to your home via coal and nuclear power?

If any of the "alternatives" could compete on their own merits without government intervention in the marketplace, companies would be scrambling to develop and distribute them.



On 2/24/13, MB1025 said:
You know I was always wondering why no one ever used the dollar sign for $ony, but then I realized they have no money so it would be pointless.

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chocoloco on 28 October 2012
badgenome said:

In my area gas prices are exactly what they were a month ago.

Terrible job as usual, Obama, you asshole.

Ohio in da house!



SlayerRondo on 28 October 2012

Wow really he's definitely going to win!!

I guess I shouldn't both voting now.

Thanks for the info mate.



This is the Game of Thrones

Where you either win

or you DIE

Kasz216 on 28 October 2012
Flanneryaug said:
Kasz216 said:
Flanneryaug said:
Pesmerga7551 said:
I just can't believe there is no law to regulate gasoline prices, and this is one of the biggest monopolies. Even though they try very hard to give the illusion that it isn't. Make a maximum profit margin per gallon sold regulated by the government. I just can't believe no company wants to make so much money and sell gasoline for less than its competitors. Stupid agreements ruin everything, by a bunch selfish f**ks who only think about their bottom line.

There actually is, it's called the Dodd-Frank Act. Part of it limits oil speculation, which is a major reason for high gas prices. However, that part of it hasn't been implemented yet due to courts holding it up.

No it doesn't...


http://www.forbes.com/sites/timworstall/2012/04/18/but-futures-speculation-doesnt-change-gas-prices/

http://www.cnn.com/2012/04/19/opinion/kilian-oil-speculation/index.html

 

All you need to look at is any of the science done on the numbers... and you'll see it's got nothing to do with speculation.

 

Oil and Gas prices have risen... because demand for Oil has risen... and production hasn't risen by as much.

Yes it does.

http://money.cnn.com/2012/03/21/markets/oil-gas-prices-speculators/index.htm

http://abcnews.go.com/blogs/business/2012/02/how-wall-st-is-raising-the-price-of-gas/

Oil speculation obviously drives up gas prices. You can argue by how much, but it does.

If you don't believe me, listen to Bill O' Reilly http://www.youtube.com/watch?v=pfzZjc_OMyw

Why would i believe Bill O'reily.  He has a long history of completely ignoring science.... like he is in that video.


I'd rather beleive actual economists and scientific studies personally.

On the one hand you have Wallstreet regulators speculating something may be happening.

On the other hand you have economists who's actual sceintific studies are saying other things.

 

Me... i'll go with the unbiased science.

http://www-personal.umich.edu/~lkilian/milan030612.pdf

If you'll note... they never actually explain how it raises oil prices... because it doesn't.

The Oil speculation market, would only increase oil prices, if the oil speculator contracts were cashed for physical product.  Which they aren't. 



Marks on 28 October 2012

About $1.18 per litre in my area of Canada, was around $1.30 a little while ago. Did Obama lower our gas prices too?



Chark on 28 October 2012

I was just thinking about how the impact of dropping gas prices will have on the election. It's $3.19 a gallon where I'm at. That's at least a 40 cent drop from just a few weeks ago. If it goes under $3 it will cause an uproar.



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