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Old 09-07-2012, 05:55 PM  
MaDalton
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Originally Posted by DudeRick View Post
The futures market dictates the price of gas. Increased supply drives down futures prices. Look at the current price of natural gas as an example what happens to prices after several years of increased production and supply. Does it mean that gas will go to $1a gallon and stay there, no, but it doesn't mean that we shouldn't supply more of our own demand. I am all for new technology and green energy, but it has to be able to compete in the free market at competitive prices. What has been happening here is that our current President has been trying to make its price competitive by pouring billions of tax payer dollars into its development while cutting oil drilling and supply (Keystone Pipeline) to drive up the price of gas. All for the sake of kissing the asses of his environmental supporters. I am all for letting the free market develop it all, providing jobs and economic growth. The competition between them will help drive each others price down. And for you information I drive a Honda Civic and my wife drives a Honda CR-Z hybrid.
what - no american cars?

this could go on for a while but i still dont think that you can blame Obama for the global oil price. because that one pipeline doesnt make a difference in case in Saudi Arabia they decide to up their production by 10%. which they could. if they wanted to.
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