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Want $2 Gas? Choose A New President, Not A New Recession
Topic Started: Oct 22 2012, 08:19 AM (671 Views)
Brewster
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You got it Telco.

I sit in a province swimming in oil, and other than a few cents lower taxes, I pay the same or more than anybody on this forum.
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Berton
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telcoman
Oct 22 2012, 11:22 AM
Oil is a world commodity and pump prices are based on the price per barrel which in turn is tied to world demand. Unless Romney plans to nationalize the oil companies, something I think is very unlikely, he has no control over pump prices other han lowering federal tax on it..
Explain what degrees you have which make you a expert about the Oil Industry.


Here is How to Lower Gas Prices and 10 Ways Obama Could Reduce Gasoline Prices Now.
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Trouble with Berton is he is so tied up in political propaganda, he has absolutely no concept how international commodity prices work. In fact I doubt he understands very much about any economic issues. He certainly won't with the BS sources he gets his info from.

He probably doesn't even know that the vast bulk of keystone pipeline oil will be exported to Asia, not to US domestic markets to lower pump prices.

Come to think of it, Berton seems to know very little about anything.
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Berton
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Berton
Oct 22 2012, 11:34 AM
telcoman
Oct 22 2012, 11:22 AM
Oil is a world commodity and pump prices are based on the price per barrel which in turn is tied to world demand. Unless Romney plans to nationalize the oil companies, something I think is very unlikely, he has no control over pump prices other han lowering federal tax on it..
Explain what degrees you have which make you a expert about the Oil Industry.


Here is How to Lower Gas Prices and 10 Ways Obama Could Reduce Gasoline Prices Now.
popcorn
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Neutral
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Telco again pretends he knows something but his posts say otherwise.
More of anything, less cost. Romney will lower the price with just stating that there will be more oil.
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Thumper
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Hey Telco, that got the twins all riled up. :toasting:
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Neutral
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How do you know coward, you're suppose to have us on ignore? LOL
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Berton
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If you notice, telcoman does not address the information in the links I gave.


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Pat
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Neutral
Oct 22 2012, 09:38 AM
More oil, less cost to us. Supply and demand. Wait and see.
A large uptick in supply would affect the price, not sure it would lower the price to $2.00. A new president could open up more federal lands for exploration, however we have the same issue there with drilling on private land. How do you get the supply to the refinery? More pipeline infrastructure requires time and permits, plus must survive court challenges. IF exploration was opened up early next year, it is probably a ten year lag time until the added supply could drastically impact gas price.

Granted, just opening up the federal lands would affect futures trading, not sure how long that news would reduce the price of oil, but some no doubt.

I look for us to be a net exporter of oil in a matter of a few years, but the oil companies would be trading this supply on the open market and getting every red cent they could for it.

I can envision base gasoline prices in the $2.75-$3,25 range, but $2.00 is a stretch in my opinion.

Edited by Pat, Oct 22 2012, 11:52 PM.
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Berton
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No one said it would happen instantaneously. But if actions was taken today then every day that goes by will see an improvement. By the way, it did not take ten years to open up the SD oil and gas fields or that long to get it to market.


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