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Fuel Going Up; We're using less so the price has to go up....
Topic Started: Feb 20 2012, 05:51 AM (710 Views)
Brewster
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I don't believe it's true, at least on any large scale.

I've heard lots of innuendos, but never any proof.
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Mountainrivers
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Brewster
Feb 20 2012, 10:57 PM
I don't believe it's true, at least on any large scale.

I've heard lots of innuendos, but never any proof.
I was hoping that maybe Corky would offer an explanation of why he said that.
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Jim Miller
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Perhaps he doesn't discuss our business with foreign interlopers.
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campingken
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FLASH....Direct from the MILLER-BUNKER...Gerenal Jim has declared that the price of crude oil is now an America only issue. All others need not be concerned......
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Thumper
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Jims awake ?
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Brewster
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campingken
Feb 21 2012, 01:59 AM
FLASH....Direct from the MILLER-BUNKER...Gerenal Jim has declared that the price of crude oil is now an America only issue. All others need not be concerned......
Oh good - I thought that must be the case. We never have to buy gas here...
Edited by Brewster, Feb 21 2012, 03:00 AM.
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Pat
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Corky52
Feb 20 2012, 05:51 AM
Are you making profits from the rise in the price Fuel??????? neener



:smoker:
You betcha. My energy sector stocks in the oil patches are soaring. Life is good.
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Mountainrivers
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Just heard on the news that the number of new wells drilled has tripled in the last three years.
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Chris
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"Fuel prices in the western hemisphere seems to be being manipulated to serve purposes other than direct profit, question is to what end?"

"Good question. Does anyone dispute that allegation or have any reason why it might be true?"

Is there any support for it.

Assertion A, I see no contrary evidence, therefore A is true, lacks logic, just as I see no supporting evidence, therefore A is false. Arguing without evidence is arguing from ignorance. What we have here is like a NULL value in a database.
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tomdrobin
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The price of fuel is affected by more than just supply and demand. Fuel is on the commodity market, so any hint of a supply shortage will bid the price up. Currently Iran has blocked oil shipments to GB and France, and there are concerns about a conflict and them blocking the straights of Hormuz. Investors are betting in short supply and higher prices. If they are wrong, it will drop as fast as it went up eventually.

Another common misconception is that our domestic production is isolated to north america. It's a world market. So, if we drill bably drill and maximize our production it will only affect prices as much as it can affect the amount of worldwide supply vs demand. I heard Newt during a speech in Oklahoma I think, saying increasing production here could drop the price by $2 a gallon. I think he is blowing smoke up someones tush.
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