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Originally posted by bigfatfurrytexan
Originally posted by jackinthebox
It's gone down here in NY by a few cents. I notice more that it stopped climbing. It was up a penny or two almost every single day.
But to answer the OP's question, see the video posted in this thread...
Basically, it's not going down because "they" are reaping enormous profits while driving us deliberately toward war and economic collapse.
If you know how oil trade works, you will understand that it is not the oil companies who are made rich. It is oil prospectors. The prosprectors drive the prices. The oil companies keep a fairly static profit margin, overall. Sure, there is more profit...but there is also more overhead due to operating costs. Yeah, they do benefit to some degree. But so do drilling companies. I live in the oil field. the guys out here, the ones who make the moves, you should come lsten to them for awhile. Just show up in any diner at around 5am. Good coffee, burnt toast, and you will learn all about what drives oil. Some of it will really bother you, too...but the media doesn't konw about it (yet).
If you know how oil trade works, you will understand that it is not the oil companies who are made rich. It is oil prospectors.
Originally posted by LLoyd45
Ahmadinejad can blow a fart in his palace, and the price of gas goes up ten cent almost instantaneously. The delay only comes in when the price of oil drops.
Forget all the economic models you may have learned in school, they mean absolutely nothing in the real World.
I will call out a something you must all watch. In the last election for congress of 06, gas dropped from $3.19.9 to $2.00.9 than after the election steadily rose back to $3+.
With the presidential elections winding down to vote time, price of gas should drop as it did for the congressional elections.
Originally posted by ChocoTaco369
reply to post by Dubyakadubla
So your solution is to boycott the companies that get the smallest profit margins and the only guys working to deliver precious gasoline to the American public?
This isn't the fault of the tiny American oil companies like Exxon, Shell, Conoco-Phillips, etc...and yes, they are VERY SMALL oil companies. Exxon controls a meager 2% of the oil out there, and it's the biggest one in America.
The REAL enemy here is government, the Federal Reserve and the environmentalists. If you want lower gas prices, vote out EVERY DEMOCRAT with the exception of Joe Liebermann in Congress in 2008 and vote in John McCain for president.
The Democrats are locked up in the global warming hoax and pander to the environmentalists at the expense of the American people. The Democrats in Congress are the sole reason for $4+/gal gas. We may not be able to drill our way to $0.99/gal gasoline, but we CAN drill our way to $2.25/gal gasoline EASILY. Government red type and regulations, environmentalist pandering and the global warming hoax are the root of our problems. Vote out the Democrats, screw the environmentalist extremist fringe minority, drill drill drill and we'll have affordable energy again.
Also, the Federal Reserve and the ruination of the US Dollar is a significant reason why oil is high. We need to have a gold-backed currency again. Oil may have skyrocketed compared to the major currencies in the world, but next to gold, it's been almost perfectly flat! If our currency was still backed in gold, gas would be A LOT cheaper because we'd be buying 3 times more oil than we are now with our currency!
Strong currency and a strong conservative Congress/President is the key to lower energy prices. Sadly, we do not have a conservative presidential candidate up for election, but a McCain/Romney ticket would be a great choice compared to ANYTHING Obama for the economy and energy prices. I'm very excited about a possible Romney VP slot as he'd be a great choice for VP. He'd be the best choice for POTUS out there IMO, too. Either him or Ron Paul. Two very smart men who actually UNDERSTAND the economy.
[edit on 19-7-2008 by ChocoTaco369]
Originally posted by Dubyakadubla
Boycott Gas, Boycott Exxconjob, Boycott Shell-Shock, Boycott BP (British Propaganda) Use Cow Dung for Gas.
I find it funny how the guys calling the people who give them oil, so they can be fat, lazy and burn oil like there is no tomorrow are bitching about the prices (oh, no it couldn't be real supply and demand, because that never occurs in economics! )
Originally posted by jackinthebox
reply to post by yellowcard
Are you saying that our soldiers are fat and lazy? Maybe if the military wasn't hogging so much of the oil, to fuel their jets and ships and tanks, it would be cheaper.