Aren't High Gas Prices What Democrats Want?

[ElNono]

$1.92/gallon here in NJ for regular...

[boutons_deux]

dropped boutons and DarrinS in one fell swoop.

thanks, Obama!

whine , just another victim of The Great Boutons' slapping.

the Saudis, BigOil's cherished allies, are driving the game and driving US drillers into bankruptcy, not US drillers.



Goldman Sees 15 Years of Weak Crude as $20 U.S Oil Looms

http://www.bloomberg.com/news/articl...-looms-on-glut



KKR’s Samson Resources Files Bankruptcy as Shale Bet Sours

Oil and gas driller Samson Resources Corp. filed for bankruptcy in Delaware Wednesday night, undone by a collapse in energy prices and billions in debt that KKR & Co. and other investors piled on to fund a 2011 takeover.

Tulsa, Oklahoma-based Samson and its owners were stung by the price drop that put money into the pockets of consumers through lower gasoline and heating costs, while driving other producers, such as Sabine Oil & Gas Corp. and Quicksilver Resources Inc., into Chapter 11. Samson’s filing is among the biggest energy bankruptcies in the U.S. this year, but it probably won’t be the last.

The shale-oil driller is, in a way, a victim of its own success. Samson and other producers have rushed to use hydraulic fracturing and horizontal drilling to tap previously hard-to-reach oil and gas deposits in shale formations, triggering a production boom that helped send prices tumbling.



http://www.bloomberg.com/news/articl...hale-bet-sours

[boutons_deux]

$1.92/gallon here in NJ for regular...

I saw 2.02 here in SA, but Costco and others still at appx 2.07. the volatility has some stations way above that trying claw in some pennies before being forced down under 2.10.

[boutons_deux]

in SA, I bought gas in the low 1.70s earlier in '15, for the price of oil in the mid-40s, as it is now, so BigOil is not selling gas as low as it could be, not passing on the savings from the low price of oil.

[pgardn]

in SA, I bought gas in the low 1.70s earlier in '15, for the price of oil in the mid-40s, as it is now, so BigOil is not selling gas as low as it could be, not passing on the savings from the low price of oil.

And I have bought gas much cheaper than the cost per barrel would indicate. It's not as simple as you portray it.

[boutons_deux]

And I have bought gas much cheaper than the cost per barrel would indicate. It's not as simple as you portray it.

don't be coy, garden-splain how the price of gas is detached (at least downward) from the price of oil. Seems like when the price of oil goes (say) up, we see it in the price of gas, but not in the other direction.

[tlongII]

[FONT=arial][SIZE=3]

whine , just another victim of The Great Boutons' slapping.

the Saudis, BigOil's cherished allies, are driving the game and driving US drillers into bankruptcy, not US drillers.

Wrong! The US drillers are driving the Saudi's into increasing production and cutting prices.

[boutons_deux]

Wrong! The US drillers are driving the Saudi's into increasing production and cutting prices.

wrong, SA kept pumping above demand, creating the glut, which drove down the price. SA wanted kill the weak, marginal US frackers, and it worked. Fracking and frackers have busted.

[TeyshaBlue]

SA, as has been pointed out multiple times, reacted to the significant increase in US production.

[boutons_deux]

SA, as has been pointed out multiple times, reacted to the significant increase in US production.

as all smart people know, SA reacted to the increase in US fracking oil (and reduced US importing of SA oil) by strategizing to kill off US frackers.

[TeyshaBlue]

That's exactly what I said.
Sometimes you argue just to hear your head rattle.

[boutons_deux]

That's exactly what I said.
Sometimes you argue just to hear your head rattle.

I said it much better.

[RandomGuy]

Regardless of what Obama and the Democrats want, aren't oil prices globally determined?

Yes. Yes they are.

scott could probably opine, shoudl he care to.

[RandomGuy]

as all smart people know, SA reacted to the increase in US fracking oil (and reduced US importing of SA oil) by strategizing to kill off US frackers.

Partially. There is also the fact that they are running an increasingly sizable budget deficit. They have lots of fiscal reserves to be sure, but they are victims of the resource trap.

Most other oil producers are in the same boat, with budgets supported by oil revenues. Don't cry for me Venezuala.....

[pgardn]

don't be coy, garden-splain how the price of gas is detached (at least downward) from the price of oil. Seems like when the price of oil goes (say) up, we see it in the price of gas, but not in the other direction.

Well I've seen the opposite happen as well.
splain it?

[boutons_deux]

Partially. There is also the fact that they are running an increasingly sizable budget deficit. They have lots of fiscal reserves to be sure, but they are victims of the resource trap.

Most other oil producers are in the same boat, with budgets supported by oil revenues. Don't cry for me Venezuala.....

can't find it now, but it seems like 2018 is when the Gulf States $$$ reserves will run out.

found it http://www.cnbc.com/2015/08/26/saudi...-how-long.html

[boutons_deux]

Falling Oil And Gasoline Prices Bring Back Memories Of Right-Wing Media Hypocrisy


With global crude oil prices at their lowest point in seven years, and gasoline prices approaching their lowest point of President Obama's term of office, Media Matters remembers Fox News' hypocritical coverage of the relationship between presidential policy initiatives and fuel and energy markets.




Right-Wing Media Have A History Of Spinning Oil, Gasoline Prices To Attack President Obama

Limbaugh Claims To Have A "Dirty Little Secret" About Oil Prices.

On the January 20 edition of Premiere Radio Networks' The Rush Limbaugh Show, host Rush Limbaugh told listeners what he falsely claimed was the "dirty little secret" behind low oil prices -- a struggling economy. Limbaugh claimed, "One of the leading, or primary, reasons why the price of oil is down, and gasoline, is demand. Demand is down. And the demand is down because the U.S. economy is in the tank." The reason, why more people weren't talking about it, he asserted, is because, "You won't find very many experts acknowledge this because it contradicts the idea that the economy is roaring back." [Premiere Radio Networks, The Rush Limbaugh Show, 1/20/15]

MSNBC'S Rachel Maddow Unmasks Fox News' Flip-Flop On Gasoline Prices.

On the October 29, 2014 edition of MSNBC's The Rachel Maddow Show, host Rachel Maddow reported on gasoline prices falling to a four-year low. Maddow highlighted a scoop from Media Matters showing that Fox has "bent over backwards to blame President Obama anytime gas prices go up," only to confusingly question whether or not low gas prices might actually be bad for the economy. Surprisingly, this was not the first time Fox tried to portray decreasing gas prices as a bad thing. In May 2012, Fox Business personalities Melissa Francis and Stuart Varney suggested that lower gas prices were "a sign of a weakening economy." [Media Matters, 5/9/12; MSNBC, The Rachel Maddow Show, 10/29/14]

Fox's Stuart Varney Uses Turmoil In Iraq To Blame Obama For Rising Gasoline Prices.

On the June 13, 2014 edition of Fox News' Fox & Friends, co-host Brian Kilmeade and Fox Business host Stuart Varney discussed the impact of turmoil in Iraq on the global oil market. Varney used the opportunity to attack President Obama for the withdrawal of American combat troops from Iraq from 2009 through 2011, stating, "Let me make this very clear, we are all paying for the president's policy mistakes. The retreat in Iraq, the chaos in Iraq, will be paid for by us at the pump." [Media Matters, 6/13/14]

2012 Was A Year Of Gasoline Price Fibs On Fox.

In 2012, like most years, average U.S. gasoline prices fluctuated according to global market conditions, seasonal changes in demand, and other contributing factors. At the beginning of the year, as gas prices rose, Fox launched a relentless campaign to falsely blame President Obama's energy and environmental policies for the price e. In May, as gas prices began to fall, Fox questioned if low gas prices might actually be a bad thing and "a sign of a looming global economic crisis." One Fox News analyst even expressed hope that gasoline prices would "stay close to five dollars in November" because increased pressure on American consumers might help Republican presidential nominee Mitt Romney win the 2012 election. [Media Matters, 12/29/12]

Economists Bash Fox's "Ridiculous" Gasoline Price Fable.

In October 2012, Fox News criticized President Obama's accurate statement during the second Presidential debate that gasoline prices only appeared to have doubled during his presidency because they plummeted in the weeks before his inauguration due to the broader economic downturn he inherited from the Bush administration. Fox had advised Republican nominee Mitt Romney to misleadingly claim that Obama's policies were responsible for the price increase, but economists and gasoline market experts refuted those claims. In fact, a FoxNews.com report blaming Obama for price increases cited two experts who did not pin blame for higher gas prices on Obama, and one stated "President Obama was right" about the recession, not his policies, lowering gasoline demand. [Media Matters, 10/17/12;10/22/12; 10/23/12]

Fox Blames Obama Administration For Increasing Gas Prices In 2012.

On March 5, 2012 Media Matterspublished two video compilations revealing how Fox's coverage of the gasoline market changed during the Bush and Obama administrations. In 2008, during President Bush's final year in office, Fox News hosts and guests claimed that es in gas prices were the result of marketplace factors, not the fault of the White House. In 2012, as President Obama began his re-election campaign, Fox News' coverage changed dramatically as the network increasingly blamed Obama's economic, energy, and environmental policy decisions for high gas prices. [Media Matters, 3/5/12]

Fox Blamed Obama For Change In Gas Prices From 2009 Through 2012.

In February 2012, Fox falsely suggested that Obama's energy policies were to blame for the recent increase in gasoline prices, without explaining that prices were low in January 2009 because the recession slashed American consumer demand. On the February 16, 2012 edition of Fox & Friends, co-host Steve Doocy claimed gas prices offered an "opportunity to disrupt" the positive economic narrative coming from the Obama administration. On the same broadcast, guest-host Juliet Huddy asked if rising prices were "enough to derail [Obama's] return to the office." Fox contributor Eric Bolling replied, "Well it better be. What else matters?" Fox also repeatedly aired variations of the following graphic:

http://mediamatters.org/research/201...ck-memo/207510

[CosmicCowboy]

Back to the OP, only high oil prices make alternative renewable energy economically feasible. Despite all the cross fingered unenforceable pledges made in Paris last week, all those countries will keep using oil and gas for their energy needs as long as it remains cheap.

[boutons_deux]

Back to the OP, only high oil prices make alternative renewable energy economically feasible. Despite all the cross fingered unenforceable pledges made in Paris last week, all those countries will keep using oil and gas for their energy needs as long as it remains cheap.

When there is the inevitable battery/energy storage breakthrough(s), EVs and FCVs will destroy the transport fuel market in industrial countries first, then in non-industrial countries. Same with distributed solar + storage destroying the centralized electricity monopolies, cartels.

wind and solar are already compe ive with coal and almost natural gas for electricity generation.

The biggest obstacles to renewables are BigCorp politics, not price or technical.

[CosmicCowboy]

If

If

When

Wind and solar are NOT currently compe ive with natural gas.

[boutons_deux]

Wind Electricity To Be Fully Compe ive With Natural Gas by 2016, Says Bloomberg New Energy Finance

http://thinkprogress.org/climate/2011/11/14/367883/wind-electricity-compe ive-natural-gas/

and if your gassy buddies start prefer to sell LNG to foreign customers, the domestic price will increase towards the world price, making wind an even better source.

If the wind and solar tax credits get extended 5 years, wind will explode as fast as can be installed. If GE, etc can use lattice towers for much higher nacelles and bigger props, even more areas than now, with current monotubes, will be able suitable for turbines.

[boutons_deux]

btw, this looks very interesting for re-fueling coal plants

Metal Powder: the New Zero-Carbon Fuel?

http://spectrum.ieee.org/energywise/...ing-properties

[Wild Cobra]

Regardless of what Obama and the Democrats want, aren't oil prices globally determined?

And the exchange rates of currencies.

[boutons_deux]

And the exchange rates of currencies.

both are driven by traders

[DMX7]

Back to the OP, only high oil prices make alternative renewable energy economically feasible. Despite all the cross fingered unenforceable pledges made in Paris last week, all those countries will keep using oil and gas for their energy needs as long as it remains cheap.

You mean as long as it remains materially cheaper than the alternative....