The Price of Gas

[rockerrockstar]

Here are links to interesting articles on Gas Prices.

"As gas prices rise, should US oil industry stop exporting?
US gas prices are soaring and domestic demand is falling. The oil industry says it needs to export to stay in business and avoid layoffs. Others claim that keeps supply low and gas prices high."

full article is at link below

http://www.csmonitor.com/USA/2012/0223/As-gas-prices-rise-should-US-oil-industry-stop-exporting

"President Barack Obama says there is no easy answer to the problem of rising energy prices and he's dismissing Republican solutions as little more than gimmicks.

"We know there's no silver bullet that will bring down gas prices or reduce our dependence on foreign oil overnight," Obama said Saturday in his weekly radio and Internet address. "But what we can do is get our priorities straight and make a sustained, serious effort to tackle this problem.""

full article link below

http://www.knoxnews.com/news/2012/feb/25/obama-no-magic-bullet-to-lower-gas-prices/

[oyarde]

BS, sure there is an answer , almost a quarter of gas price , depending on where you live will be tax , Federal taxes , State taxes , sales taxes , the govt charges permit taxes to drill ( not included ) in the figure I gave , the govt makes more money off of gas than anyone . Evil oil companies ? No , Who is evil now ??

[oyarde]

Solve the problem? pffft , if that was the case , we would drill here instead of buying it from Saud. More BS .

[Keith and stuff]

Rand Paul addressed this on TV recently. Extremely high gas prices are because of Obama's policies to print lots of money and inflate our currency, Obama's policies to restrict oil production in the US whenever possible and Obama's policy to create tension within the middle east.

[azxd]

Rand Paul addressed this on TV recently. Extremely high gas prices are because of Obama's policies to print lots of money and inflate our currency, Obama's policies to restrict oil production in the US whenever possible and Obama's policy to create tension within the middle east.
YEP, the artificial price increase on everything we purchase is nothing more than the sum of piss poor legislation and a cooperative effort to distort reality for Fedzilla's gain.

[ronpaulfollower999]

In 1964 a gallon of gasoline cost about $0.30 or 3 silver dimes. Today those same 3 silver dimes are worth $8.07 which can get you 2 gallons of gas. When priced in real money the price of gasoline has actually decreased.

[Acala]

Here's an idea: the world's single largest consumer of petroleum is the United States Department of Defense. End the world empire, bring the troops home, close the bases, mothball most of the equipment, and you will dramatically reduce demand for petroleum. Then eliminate the taxes on petroleum products and eliminate the restrictions on drilling and refining the stuff, and voila! Cheaper gasoline.

Oh, and by the way, you will also reduce the high cost of ammuntion.

[Kingfisher]

In 1964 a gallon of gasoline cost about $0.30 or 3 silver dimes. Today those same 3 silver dimes are worth $8.07 which can get you 2 gallons of gas. When priced in real money the price of gasoline has actually decreased.

Zactly! Everyone wants to blame everything but the real culprit: THE FEDERAL RESERVE!

[tfurrh]

Zactly! Everyone wants to blame everything but the real culprit: THE FEDERAL RESERVE!

YOU'RE AN IRAN SYMPATHIZER! GOT OUT OF MY GOP, PINKO!

Naw, but for real, we import a little under 50% of the oil we use. Only a little over 12% of that comes from the Middle East (most comes from Canada). Only 2% of that comes from Iran.

What was that Ray Charles saying? Scratch a lie find a thief? lie = Iran is causing $ of oil to rise; thief = da FED.

[oyarde]

YOU'RE AN IRAN SYMPATHIZER! GOT OUT OF MY GOP, PINKO!

Naw, but for real, we import a little under 50% of the oil we use. Only a little over 12% of that comes from the Middle East (most comes from Canada). Only 2% of that comes from Iran.

What was that Ray Charles saying? Scratch a lie find a thief? lie = Iran is causing $ of oil to rise; thief = da FED. Yes , but is ridiculous that we bring any from the midle east

[ZenBowman]

In 1964 a gallon of gasoline cost about $0.30 or 3 silver dimes. Today those same 3 silver dimes are worth $8.07 which can get you 2 gallons of gas. When priced in real money the price of gasoline has actually decreased.

I think this is a bit simplistic, the price of silver has also gone up.

http://1.bp.blogspot.com/-vGfR5y4zVnQ/TcIVbc6Vq5I/AAAAAAAAAqU/7vY5QQZob5o/s1600/saupload_silver_price_since_1968.png

The reality that many people (including Austrians) don't want to face is that oil prices will continue to rise (as they should) because of increased demand from China and India.

http://www.peridotcapitalist.com/wp-content/uploads/images/2008/worldoilconsumption.jpg

The demand for oil will continue to grow, and we do not have infinite supply. Ergo, prices will rise.

[rockerrockstar]

Is there any way we could take Oil off the stockmarket so speculators could not drive the prices up?

[ZenBowman]

Is there any way we could take Oil off the stockmarket so speculators could not drive the prices up?

What gives government the authority to determine what people should trade?

Moreover, oil is a global resource, so just because the US prohibits oil speculation here, doesn't mean everyone else will follow. Ending the oil futures market will also depress production.