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Thread: How long till we see lines at the pump or oil prices at $200 per barrel?

  1. #19
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    Default Re: How long till we see lines at the pump or oil prices at $200 per barrel?

    I took micro and macroeconomics in college so I know a little.

    Whatever minor decreases occur in America will be offset by China and India and then some. The prices are not based on American demand only. Its a global market.

  2. #20

    Default Re: How long till we see lines at the pump or oil prices at $200 per barrel?

    I'm proud of you, Big, for having a rational thought and expressing it here! Many kudos to you!

    While we're at rational thoughts and your collegiate economic background, let's explore the role of prices and the effects of government-set prices in socialist countries. Just like you said, when people have less money, they drive and fly less, thus decreasing the demand for oil. The price of oil helps to keep that demand lower than what it could have been, since people have less money to dedicate toward oil consumption. Thus, when oil prices increase demand decreases.

    But, if we look at socialist places like Venezuela, China, and Cuba, where fuel prices are set by the government so that "everyone" can "afford" it, demand is not decreased by higher prices. Although personal wealth and productivity is orders of magnitude less in socialist countries than free countries, there is little to discourage consumption in socialist regimes. This extra demand translates to a higher use of oil, which strains world supply, making your fuel more expensive (using up a scarce resource faster than market prices might allow). These socialist countries are also seeing that if they don't have their own oil fields, their governments are paying out the nose to provide fuel to their citizens, who are paying through the nose by way of more governmetn oppression of productivity.

    Economically, communism is much more expensive than capitalism and uses scarce resources at faster rates, without incentive to replace them or find alternatives.

  3. #21

    Default Re: How long till we see lines at the pump or oil prices at $200 per barrel?

    Quote Originally Posted by Big View Post
    I took micro and macroeconomics in college so I know a little.

    Whatever minor decreases occur in America will be offset by China and India and then some. The prices are not based on American demand only. Its a global market.
    I never said prices were based on American demand, I said that as prices increase consumption will decrease and investment in alternatives will increase, which is a good thing for our economy. Your article says that American demand is decreasing, and if you look at just about any news site you'll see evidence that we're working to increase alternatives.
    There's no such thing as a pretty good aligator wrestler.

  4. #22

    Default Re: How long till we see lines at the pump or oil prices at $200 per barrel?

    It all reinforces the fact that we need to be drilling offshoare and in ANWR, and that we need more nuclear energy, all of which are opposed by those that criticise "Big Oil"

  5. #23

    Default Re: How long till we see lines at the pump or oil prices at $200 per barrel?

    TW, your confusing fact with opinion, it's your opinion that we need to do those things not a fact.
    There's no such thing as a pretty good aligator wrestler.

  6. #24

    Default Re: How long till we see lines at the pump or oil prices at $200 per barrel?

    Quote Originally Posted by FloggingSully View Post
    TW, your confusing fact with opinion, it's your opinion that we need to do those things not a fact.
    Rhetorically you are correct.

    What IS fact is that there are vast oil deposits in both Alaska and offshore that are being held off limits by those who hypocritically blame high gas prices on "Big Oil". It is also those same folks who do not want us to develop nuclear energy.

  7. #25

    Default Re: How long till we see lines at the pump or oil prices at $200 per barrel?

    If you're going to claim something is a fact you might want to provide some evidence to back it up. And what does "vast" mean?

    Why is it hypocritical to say "big oil" is responsible for gas prices and we shouldn't drill in Alaska?

    Who exactly is saying we shouldn't have nuclear energy? We currently have a developed nuclear energy program in this country.
    There's no such thing as a pretty good aligator wrestler.

  8. #26
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    Default Re: How long till we see lines at the pump or oil prices at $200 per barrel?

    Waist is confusing Bush saying Iran can't develop nuclear energy. Get your facts straight Waist.

  9. #27

    Default Re: How long till we see lines at the pump or oil prices at $200 per barrel?

    Quote Originally Posted by FloggingSully View Post
    If you're going to claim something is a fact you might want to provide some evidence to back it up. And what does "vast" mean?

    The Coastal Plain of ANWR is America's best possibility for the discovery of another giant "Prudhoe Bay-sized" oil and gas discovery in North America. U.S. Department of Interior estimates range from 9 to 16 billion barrels of recoverable oil.

    Why is it hypocritical to say "big oil" is responsible for gas prices and we shouldn't drill in Alaska?

    The price we pay for oil is a function of supply and demand. Those that have prohibited drilling in ANWR and offshore have prevented a significant increase in supply.

    The profit margin on oil is LESS than that of Coke and Pepsi to say nothing of bottled water. Yet oil is the whipping boy of liberals who refuse to do ANYTHING to increase its supply which would reduce its costs. Ergo they are hypocrites

    Who exactly is saying we shouldn't have nuclear energy? We currently have a developed nuclear energy program in this country.

    Environmentalists and their liberal friends in congress have consistantly opposed new nuclear plants.
    None of what I explained here is new news. Why do you question it?

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