Comments on: Bush: No quick fix for rising gas prices http://texasfred.net/archives/1137 News Opinion Commentary Fri, 10 Feb 2012 07:02:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dennisokie http://texasfred.net/archives/1137/comment-page-1#comment-9176 Dennisokie Sun, 11 May 2008 16:21:31 +0000 http://texasfred.net/?p=1137#comment-9176 Ok, here goes... Whats the problem with ALL the candidates on energy ? Not one of them has said this is what we need and will have to do, drill and refine rite here in the USA. Polute the world, get real. If any country on this green earth could do it rite it is the USA. Im just a truck driver not a politician. Some say it would take 10 years to get refineries on line, so whats the hold up ? Some one needs to step up and get it done. No guts , No Vote. Ok, here goes… Whats the problem with ALL the candidates on energy ? Not one of them has said this is what we need and will have to do, drill and refine rite here in the USA. Polute the world, get real. If any country on this green earth could do it rite it is the USA.
Im just a truck driver not a politician. Some say it would take 10 years to get refineries on line, so whats the hold up ? Some one needs to step up and get it done. No guts , No Vote.

]]> By: Lord Nazh http://texasfred.net/archives/1137/comment-page-1#comment-9010 Lord Nazh Tue, 06 May 2008 22:38:22 +0000 http://texasfred.net/?p=1137#comment-9010 If I remember correctly we have upwards of 20B barrels in Anwar and 30B offshore... think that might put a chink in the price of oil/gas *note: we still need refineries, the US is IMPORTING refined gasoline because of this lack (another reason gas prices are as high as they are, though less touted by MSM because refinery is still EVIL!!@) If I remember correctly we have upwards of 20B barrels in Anwar and 30B offshore…

think that might put a chink in the price of oil/gas

*note: we still need refineries, the US is IMPORTING refined gasoline because of this lack (another reason gas prices are as high as they are, though less touted by MSM because refinery is still EVIL!!@)

]]> By: BobF http://texasfred.net/archives/1137/comment-page-1#comment-8965 BobF Mon, 05 May 2008 21:50:15 +0000 http://texasfred.net/?p=1137#comment-8965 I was watching Fox News the other week and someone was saying what's driving up the price of oil is speculators on Wall Street. He compared them to gamblers in casinos. What they’re doing is buying and selling oil without ever putting a penny of their money on the table. Say you buy a million barrels of oil today for $115 per barrel on credit. You hold it until it goes up to $116 and sell. You’ve made a million dollars without ever having to put money on the table. If the oil drops, you just hold on to it until it comes up. This commentator said that if they were required to front the money when they bid, you wouldn’t see them speculating like they are and prices would stay stable. When I invest in my IRA and 401k, I have to put money up before the fund managers purchase my shares. It would be great if I could do it on "credit" so I wouldn't have to tie up my own personal money. These Wall Street speculators are allowed to do what we can't. Until the government steps in and puts a stop to it, prices of oil are going to keep getting higher and higher. The best thing is to become self-sufficient in oil where it can be controlled in-country. Remember when OPEC controlled the price of oil? The OPEC ministers would meet and set the price for a barrel of oil. That price would stay set until the ministers met again and set a new price. Their never was the daily fluctuation like we see now. Prices at the pumps were usually stable and if they changed, it was only a penny or two. I was watching Fox News the other week and someone was saying what’s driving up the price of oil is speculators on Wall Street. He compared them to gamblers in casinos. What they’re doing is buying and selling oil without ever putting a penny of their money on the table. Say you buy a million barrels of oil today for $115 per barrel on credit. You hold it until it goes up to $116 and sell. You’ve made a million dollars without ever having to put money on the table. If the oil drops, you just hold on to it until it comes up. This commentator said that if they were required to front the money when they bid, you wouldn’t see them speculating like they are and prices would stay stable.

When I invest in my IRA and 401k, I have to put money up before the fund managers purchase my shares. It would be great if I could do it on “credit” so I wouldn’t have to tie up my own personal money. These Wall Street speculators are allowed to do what we can’t. Until the government steps in and puts a stop to it, prices of oil are going to keep getting higher and higher. The best thing is to become self-sufficient in oil where it can be controlled in-country.

Remember when OPEC controlled the price of oil? The OPEC ministers would meet and set the price for a barrel of oil. That price would stay set until the ministers met again and set a new price. Their never was the daily fluctuation like we see now. Prices at the pumps were usually stable and if they changed, it was only a penny or two.

]]> By: BIGDADGIB http://texasfred.net/archives/1137/comment-page-1#comment-8953 BIGDADGIB Mon, 05 May 2008 17:19:26 +0000 http://texasfred.net/?p=1137#comment-8953 You Are Correct About This. I Think The Global Warning Stuff Is CooLing Off. You Are Correct About This. I Think The Global Warning Stuff Is CooLing Off.

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