| GAS PRICES | |
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| Tweet Topic Started: Feb 16 2012, 07:22 PM (7,988 Views) | |
| Baldo | Feb 26 2012, 10:34 AM Post #91 |
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Tickerguy sums up the situation pretty well |
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| kbp | Feb 26 2012, 10:37 AM Post #92 |
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The link at the end, Obama 'Skins the Cat', is a good read. Obama's actions, such as regulations and increased debt, just to name a couple, create costs that add disadvantages to us in the pricing for world trade, while at the same time increase the cost of living so that the percentage of the population that MUST live off government giving increases our debt further. |
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| Mason | Feb 26 2012, 11:06 AM Post #93 |
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. Let's say, miracle of all mirales, Algae worked. We would be the last country to approve its use. His Cap and Trade proposal, according to his own mouth, depends upon skyrocketed Energy prices. And what happens to China, India, and Russia in that scenario? . Edited by Mason, Feb 26 2012, 11:07 AM.
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| Baldo | Feb 26 2012, 01:39 PM Post #94 |
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Good article! In his 2008 election campaign, Obama promised to make electricity prices "skyrocket." He seems to be succeeding beyond all expectations, as a combination of White House policies is raising fuel prices. But as the cost of essential energy jumps upward, households are sliding into poverty; they can no longer afford to buy treats for the children; it's more important to keep them from starving and freezing to death. "Skinning the cat" may be a neat way of getting around the express wishes of the Congress and the public, but it is sure to backfire against the Obama White House in the November elections. Read more: http://www.americanthinker.com/2012/02/obama_skins_the_cat.html#ixzz1nVx7DW95 BTW Gas Prices continue to soar in California! State wide average up 6 cents from yesterday. I filled up at Costco earlier this week. It was $3.87. Today the same station is $4.07 I used 24 gallons = 20 cents gallon increase = means $4.80 increase in four days to fill my tank today Edited by Baldo, Feb 26 2012, 02:11 PM.
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| kbp | Feb 26 2012, 01:51 PM Post #95 |
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Obama's Favorite Algae Company The study Barry used to brag on how much this could reduce oil imports noted; "...a potential Achilles’ Heel of algal biofuels: up to 350 gallons of fresh water would be needed to produce one gallon of oil from algae." It goes on to tell how the millions in grants have resulted in a plan to use salt water to grow our fuel crop. I'm amazed Barry didn't cite that as his solution to suck down the rising ocean level and save the beach front housing industry! |
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| Baldo | Feb 26 2012, 02:17 PM Post #96 |
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You read these articles and you just shake your head. Could he be that stupid & ignorant? Yea, he was most likely schooled in Marxism at the University and probably doesn't understand basic economics. I have no doubt his rise was caused by affirmative action rather than his actual achievements in a business environment. And/Or he could simply be, unlike Bill O'Reilly's opinion, out to cause problems. He is certainly doing a great job at that. Like all good Marxists they always do, create scarcities! Edited by Baldo, Feb 26 2012, 02:19 PM.
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| Mason | Feb 27 2012, 02:55 AM Post #97 |
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. Warren Buffett claims to have lost money -- Because Natural Gas Prices are TOO LOW. |
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| kbp | Feb 27 2012, 08:07 AM Post #98 |
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That's almost stupid, maybe it is. Has Warren disclosed what he may have made elsewhere in a hedge on this idiotic "BET" on the "FUTURE"??? There is no way he did not hedge the high rate bonds (10.25%) unless he just went 'all in' with the "green market" idea and ignored the reports on gas production increasing. There's a reason somebody was paying such a high rate on those bonds. Edited by kbp, Feb 27 2012, 08:08 AM.
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| kbp | Feb 27 2012, 08:27 AM Post #99 |
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Modern Shale Gas So the PUBLIC reports on the Marcellus Shale gas were out by June, 2009. so Warren had the information necessary to make him aware that he needed to hedge that "BET" by then at the latest. |
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| foxglove | Feb 27 2012, 09:11 AM Post #100 |
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I predict that gas prices -- and food prices-- will be the big issue of the fall campaign. I wonder how much of the increase in price is due to quantitative easing and the devaluation of the dollar, as well at Middle eat turmoil. Obama doesn't want what's best for this country and it's people. He must have another agenda. |
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| kbp | Feb 27 2012, 10:12 AM Post #101 |
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That seems like it would be difficult to determine. Many currencies devalue along side the dollar to keep their exports at a price they can sell, but I do not recall ever reading how any nations in oil react to the devalued dollar other than raising the price. Food is mostly produced in our nation, so it seems like devaluation would put a direct hit on the prices there. I know my grocery bill has gone up quite a bit the last few years. |
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| Baldo | Feb 27 2012, 10:16 AM Post #102 |
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February 24, 2012 7:00 AM US recovery fueled by record low natural gas prices (MoneyWatch) By Constantine von Hoffman There is one reason the U.S. economy is recovering: Low gas prices. Natural gas, that is. The price is at a 10-year low and expected to stay that way for awhile. This glut of inexpensive energy is why so many companies have been moving manufacturing back to the U.S. Yesterday the price of natural gas fell 2.5 percent after the government said supplies remain significantly higher than average levels for this time of year. According to the Energy Information Administration, supplies are more than 40 percent higher than the five-year average. The U.S. is actually a net exporter of natural gas. The low price is because of two things: A warm winter and a lot of drilling. Outside of Alaska, the nation has seen one of the warmest, driest winters on record. In Minneapolis, temperatures didn't drop below zero until Jan. 19th. This has cut the residential demand substantially. More than half of all U.S. Households use natural gas for heating and 25 percent of the nation's electricity is made from it. By spending money that otherwise would have gone to pay for heating, consumers have increased economic demand. At the same time the domestic supply has increased radically because of the increased use of hydraulic fracturing or fracking. According to the EIA, gas from fracking went from 1.0 trillion cubic feet in 2006 to 4.8 trillion cubic feet in 2010. Fracking is environmentally problematic, to say the least. It involves injecting a well with millions of gallons of chemically treated water at high pressure to crack surrounding shale and release trapped gas. In New York State alone more than 50 communities have passed fracking bans. The cheap price has been a boon to many industries, like plastics, fertilizers, chemicals and other things derived from natural gas. It has also helped manufacturers of everything from steel to beer, which use large amounts of energy. This, more than anything else, is responsible for the return of so much manufacturing to the U.S. Manufacturing employment rose by 225,000 jobs last year, sustaining gains for the first time since 1997....snipped http://www.cbsnews.com/8301-505123_162-57384014/us-recovery-fueled-by-record-low-natural-gas-prices/#comments Constantine von Hoffman is a pretty smart writer on financials. I have said it again & again our world's largest reserves of natural gas is our ACE in the Hole.The Greens don't like Natural Gas because it is hydrocarbon based, a fossil fuel. They are hung up on CO2 emissions and even though natural gas is about 30% cleaner than other hydrocarbons they don't want it. They are off chasing rainbow solutions and making a lot of money off the govt subsidies like Solyndra.They have started a campaign against "fracking." It is only an attempt to stop the growth of this industry. The Price of Energy directly relates to our economy. Obama is a fool along with Bite-it, Pelosi, Reid, and the rest of the DC Miscreants. Pelosi didn't even know it was a fossil fuel and was promoting it but then when she was corrected she stopped praising it. As far as Buffett goes, I don't trust him. He is as big a crony capitalist as you will find and was "Hoping & Betting" for Tax & Cap. That would have sent the price of natural gas higher. It passed the Pelosi House, but couldn't pass the Senate because "Climate-gate" happened. It frighten some Senate Democrats who saw the "light" of reelection chances in 2010 for themselves. Market forces left unfettered by our DC jackazzes helped our economy recover somewhat, but it sure wasn't Obama & Congress. Edited by Baldo, Feb 27 2012, 11:23 AM.
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| longstop | Feb 27 2012, 06:53 PM Post #103 |
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longstop
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Link from Big Government Running on Empty http://biggovernment.com/cjohnson/2012/02/27/explaining-obamas-lethargic-reaction-to-high-gas-prices/ |
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| kbp | Feb 27 2012, 07:08 PM Post #104 |
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Added picture to Obama Lies! |
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| longstop | Feb 27 2012, 07:16 PM Post #105 |
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longstop
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