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Obama's quickie plan to lower gas prices

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  • Obama's quickie plan to lower gas prices

    classic capitalistic principle of supply and demand

    Reuters:
    Rebels who have stepped up attacks on Nigeria's oil industry in the last month said on Sunday they were considering a ceasefire appeal by U.S. presidential hopeful Barack Obama.

    The Movement for the Emancipation of the Niger Delta (MEND) has launched five attacks on oil facilities in the Niger Delta since it resumed a campaign of violence in April, forcing Royal Dutch Shell to shut more than 164,000 barrels of oil per day (bpd).

    "The MEND command is seriously considering a temporary ceasefire appeal by Senator Barack Obama. Obama is someone we respect and hold in high esteem," the militant group said in an e-mailed statement.
    v



  • #2
    Is that bad?
    Be passionate about what you believe in, or why bother.

    Comment


    • #3
      Huh. They must like Obama because of his elitist attitude.

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      • #4
        Dude can drain the J. They MUST respect him.

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        • #5
          Originally posted by Celtic View Post
          Dude can drain the J. They MUST respect him.
          Maybe Obama is simply asking himself WWJCD*?











          *What Would Jimmy Carter Do?

          Comment


          • #6
            Originally posted by Iowa_Card View Post
            Maybe Obama is simply asking himself WWJCD*?











            *What Would Jimmy Carter Do?
            What? Carter had no outside touch. Couldn't hit from distance to save his life.

            Comment


            • #7
              whatever works
              Official sponsor of Mike Shannon's Retirement Party

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              • #8


                Moon

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                • #9
                  That's it!

                  Nader '08!!!!!

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                  • #10
                    Congress will cut the demand by lowering the speed limit to 55 mph again. Tax breaks will cause the price if gas to increase in the long run, not decrease. The only long-term solution is to decrease demand. Bank on it.

                    Comment


                    • #11
                      Originally posted by ksbluesfan View Post
                      Congress will cut the demand by lowering the speed limit to 55 mph again. Tax breaks will cause the price if gas to increase in the long run, not decrease. The only long-term solution is to decrease demand. Bank on it.
                      govt interference should be focused on trying to encourage car makers to increase mpg dramatically. any attempts to mess with the oil companies directly will only pass on to the consumers. as ksbluesfan states, we have to decrease demand.
                      Roy Mueller

                      "It's kind of fun to do the impossible."

                      - Walt Disney

                      Comment


                      • #12
                        Originally posted by billiken_roy View Post
                        govt interference should be focused on trying to encourage car makers to increase mpg dramatically. any attempts to mess with the oil companies directly will only pass on to the consumers. as ksbluesfan states, we have to decrease demand.
                        Actually, I think the only thing that will lower fuel prices is the ability for people to choose whether to buy a vehicle that relies on fuel or a vehicle that does not rely on fuel.

                        If demand goes down, oil companies will simply pump less out and still raise prices. People and businesses need fuel. There is a bottom point in the amount of fuel you can cut back on.

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                        • #13
                          Originally posted by Iowa_Card View Post
                          Actually, I think the only thing that will lower fuel prices is the ability for people to choose whether to buy a vehicle that relies on fuel or a vehicle that does not rely on fuel.

                          If demand goes down, oil companies will simply pump less out and still raise prices. People and businesses need fuel. There is a bottom point in the amount of fuel you can cut back on.
                          good point.
                          Roy Mueller

                          "It's kind of fun to do the impossible."

                          - Walt Disney

                          Comment


                          • #14
                            Originally posted by billiken_roy View Post
                            good point.
                            I kind of contradicted myself there, however. What I meant to convey is that you have to provide competition for OPEC and force them to change their ways. Simply forcing them to cut back on oil production is merely a savings for them on the cost of extracting the crude.

                            A viable alternative to compete with oil (preferably something that doesn't rely on a a fixed resource) is what is needed for big oil to stop seeing record profits each quarter.

                            Comment


                            • #15
                              Originally posted by Iowa_Card View Post
                              Actually, I think the only thing that will lower fuel prices is the ability for people to choose whether to buy a vehicle that relies on fuel or a vehicle that does not rely on fuel.

                              If demand goes down, oil companies will simply pump less out and still raise prices. People and businesses need fuel. There is a bottom point in the amount of fuel you can cut back on.
                              One of two things will lower prices. Increase supply or decrease demand.
                              "You can't handle my opinions." Moedrabowsky

                              Jeffro is a hell of a good man.

                              "A liberal is a man too broadminded to take his own side in a quarrel." - Robert Frost

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