Last edited by Brian4Liberty; 02-20-2012 at 11:26 PM.
"Power tends to corrupt, and absolute power corrupts absolutely." - Lord Acton
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." - Benjamin Franklin
"Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Government is not the solution to our problem; government is the problem." - Ronald Reagan
"The only thing we have to fear is fear itself, and we must reject those who spread fear." - B4L update of FDR
"The Ministry of Truth can turn on a dime, and the fury of the ignorant masses can be redirected at will." - B4L
"Marxists become Fascists the minute they become rich, yet they retain the Marxist rhetoric." - B4L
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Thing is, the world is full of a**holes." - ACPTulsa
Someone tell me my note was good please my self confidence is low today
But that's only part of the reason that gasoline prices are up,
Ethanol has contributed to the U.S. fuel supply and reduced net petroleum imports.
Domestic production and consumption of ethanol may lead to other effects that are not addressed in this report. For example, increased production of ethanol has probably led to some reduction in oil imports and the price of gasoline, to an increase in average farm income, and to some impact on the quality of the nation’s air and water resources.
higher mileage standards and federally mandated ethanol use, along with slow economic growth, have curbed demand.
Mandated Ethanol additive to fuel, gasoline and diesel
To reduce our Nation's dependency on foreign oil by investing in clean, renewable, and alternative energy resources, promoting new emerging energy technologies, developing greater efficiency, and creating a Strategic Energy Efficiency and Renewables Reserve to invest in alternative energy, and for other purposes.
Last edited by dustup; 02-21-2012 at 01:09 AM.
"More than anything, our federal government should stop deluding us that more government is the answer. We have far more to fear from an unaccountable government at home than from any foreign terrorist." by Ron Paul
Once the economy rebounds gas prices will rebound more too. I expect gas to be more expensive sooner or later even if the Iran war does not happen. Between increase demand when the economy returns and also the inflation from the bailouts/wars .
Last edited by enoch150; 02-21-2012 at 03:25 AM.
"Government is not the solution to our problem; government is the problem."
Ronald Reagan, 1981
in 1891 the Texas railroad commision was established to set the production/price of crude oil , OPEC was at full member strength in 1973 , replacing the TRC , it was said the only difference between the TRC and OPEC was the OPEC didn't have Texas rangers.
in 1983 crude oil futures started trading on our exchanges , since 1983 i have always wondered how a commodity that had its production controled by any cartel could be traded on a exchange.
will someone tell me how raising the margin requirement to at least 75% from 5-6% now , and make ALL contracts deliverable , if you by one or a thousand contracts ----you must take delivery---- would hurt amy American except the big specs/banks/headge funds.
any person that believes in free trade doesn't understand free trade if they think what is happening in the crude oil futures is free trade.
big oil / big banks run AMERICA , and we are all in deep kaka . get used to it , things are going to get much worse .
Last edited by ILUVRP; 02-21-2012 at 07:30 AM.
Back in 1970 we were on a gold standard at $35 an ounce and oil was $4 a barrel.
Now gold is $1760 an ounce and oil is $105 a barrel.
According to my math back in 1970 1 ounce of gold bought you about 9 barrels of oil. Now 1 ounce of gold will buy you about 17 barrels of oil. So in terms of real money oil is half the price of what it was in 1970.
If you really want to understand the effect of inflation you need to take a macro view. Take a look at the price of commodities from 1933 to 1970 (gold standard) and then from 1970 until now. If you smooth out the bumps the price of commodities basically remained steady while we were on a gold standard until 1970 and has steadily risen ever since. Speculators and cartels and middle east unrest may cause a bump up or down but they are not the cause of the overall increase.
"It's probably the biggest hoax since Big Foot!" - Mitt Romney 1-16-2012 SC Debate