Gas prices |
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GlassSeeker
Grand Poobah Joined: November-26-2008 Location: Elk Grove, CA. Status: Offline Points: 2421 |
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Posted: April-21-2012 at 5:59am |
A smart man can realize how much he does not know.
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This is the life
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OverMyHead
Grand Poobah Joined: March-14-2008 Location: MN Status: Offline Points: 4861 |
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Joe, Obama said he could not do anything about rising gas prices, any bets on how long it takes for him to try to take credit if they drop?
The last two plans I have from him are to increase taxes on oil companies by taking away accelerated depreciation which is granted to all manufacturing firms, and to regulate speculators. Both will increase industry costs, and are merely a way to deflect from the supply issues using the politics of envy. |
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For thousands of years men have felt the irresistible urge to go to sea, and many of them died. Things got better after they invented boats.
1987 Ski Nautique |
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OverMyHead
Grand Poobah Joined: March-14-2008 Location: MN Status: Offline Points: 4861 |
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Using proven reserves is like using existing technology for alternative energy. Our president on one had gambles with tax payer money on the "future" of green technology, and compares it to "present" of oil industry who is willing to invest private funds on their own future. We are being mislead by Obama only siting proven reserves. Technically recoverable oil is a far more accurate look at the industries and our countries future. |
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For thousands of years men have felt the irresistible urge to go to sea, and many of them died. Things got better after they invented boats.
1987 Ski Nautique |
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davidg
Grand Poobah Joined: January-07-2008 Location: NW Chicagoland Status: Offline Points: 2239 |
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Well gents, it looks like the Keystone pipeline is alive again with the company re-routing it around an aquifier. Let's see if it will pass the House and the Senate this time around, although Obama will surely call his cronies to lobby against it.
If it passes, it will get real interesting when it gets to Obamas desk. Will he really veto it?!?! We shall see if it was really the contamination of the aquifer that was his real concern....or the shear hatred of oil. I am betting on the dislike of oil, and that he vetoes it. Maybe he will spend $15,000,000,000 (same as the national debt) to start an algae ranch |
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JoeinNY
Grand Poobah Joined: October-19-2005 Location: United States Status: Offline Points: 5698 |
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He said and has said 2% of the worlds proven reserves.. which was and is still correct.. how is that misinformation. Unlike what you are doing here which is spreading misinformation by saying that he said 2% of the worlds oil which he didnt.
Gas prices are on the way back down.. btw.. but that is no more obamas doing than when they were going up. |
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OverMyHead
Grand Poobah Joined: March-14-2008 Location: MN Status: Offline Points: 4861 |
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Obama was out misinforming the country again this week. Tuesday he stated the US holds 2% of the worlds oil. The US Geological Survey said this week that the the world excluding the US has 565 billion barrels of undiscovered conventional oil. The same report lists the United States combined on/off shore at 109 billion barrels, or over 16% of the worlds oil. Our Energy Information Administration estimates we have 218.9 billion barrels or over 25% of the worlds oil. Who is Obama getting his information from?
US geologic report |
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For thousands of years men have felt the irresistible urge to go to sea, and many of them died. Things got better after they invented boats.
1987 Ski Nautique |
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quik225
Groupie Joined: April-03-2011 Location: Eustis FL Status: Offline Points: 57 |
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His grandfather worked for the evil oil companies, so did his father, and his mother worked for the evil banks and didn't like to pay taxes (she had tax leins as high as $13K). So do as Obama says, not as his family did. |
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john b
Grand Poobah Joined: July-06-2011 Location: lake Sweeny Status: Offline Points: 3241 |
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I got a good chuckle out of that.
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1970 Mustang "Theseus' paradox"
If everyone else is doing it, you're too late! |
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OverMyHead
Grand Poobah Joined: March-14-2008 Location: MN Status: Offline Points: 4861 |
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A self proclaimed liberal, a self proclaimed moderate, and a self proclaimed conservative walk into a bar, the bar tender looks up a says............Hi Mitt. |
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For thousands of years men have felt the irresistible urge to go to sea, and many of them died. Things got better after they invented boats.
1987 Ski Nautique |
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davidg
Grand Poobah Joined: January-07-2008 Location: NW Chicagoland Status: Offline Points: 2239 |
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I think he quit before he embarrased himself big time in his home state of Pennsylvania.
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eric lavine
Grand Poobah Joined: August-13-2006 Location: United States Status: Offline Points: 13413 |
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ahhhhh, your only chances of a righty for 4 years quit yesterday...
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"the things you own will start to own you"
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SN206
Grand Poobah Joined: February-25-2009 Location: Fort Worth, TX Status: Offline Points: 2339 |
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The private land thing is correct though. They are pulling rigs(oil and gas rigs are the same) out of the weeds(A.K.A mothballed), for smaller operators trying to make a buck off the increase in oil price. A lot of rigs went over seas and up north across the border. Keep in mind there are dozens of types of crude too. Both sides twist the facts a little.
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...those who have fallen and those who will.
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GlassSeeker
Grand Poobah Joined: November-26-2008 Location: Elk Grove, CA. Status: Offline Points: 2421 |
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Sorry I guess for some I'd have to say "you have to read the article to possibly understand it"...I thought that was a given. If I have to say that then your chances of undestanding the article is nil anyway.
And nowhere does it say "on private land" |
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This is the life
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john b
Grand Poobah Joined: July-06-2011 Location: lake Sweeny Status: Offline Points: 3241 |
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I wouldn't expect it to go up.
Cost of a barrel of oil on NYMEX 04/08/11 =$112.79 TODAY.= $103.02 Crude is cheaper today than it was a year ago. |
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1970 Mustang "Theseus' paradox"
If everyone else is doing it, you're too late! |
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davidg
Grand Poobah Joined: January-07-2008 Location: NW Chicagoland Status: Offline Points: 2239 |
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Pete.....I deal in more specialty type resins (conductive, lubricated, FR, etc), and we haven't had an announced price increase since last August. That said, unfilled polypropylene did go up around $.16/lb. in February. All in all, its been pretty quiet on most other base resins especially considering what has been going on with the price of oil.
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8122pbrainard
Grand Poobah Joined: September-14-2006 Location: Three Lakes Wi. Status: Offline Points: 41045 |
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Dave, What's going on with resin pricing? Going up as well? |
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davidg
Grand Poobah Joined: January-07-2008 Location: NW Chicagoland Status: Offline Points: 2239 |
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Is this all a bunch of leftaganda to make us believe Obama likes fossil fuels. OF COURSE HE DOESN'T! Keep going guys, I think you almost have yourselves convinced.
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wingwrench
Senior Member Joined: December-11-2010 Location: Lakeland, FL Status: Offline Points: 155 |
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You have to read the whole piece, what they fail to mention is the increase in drilling is on private lands.
They also miss the opening point, when you have an abundance of a product the price drops. |
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BuffaloBFN
Grand Poobah Joined: June-24-2007 Location: Gainesville,GA Status: Offline Points: 6094 |
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Is that shot pointed at me? He's tauting oil rigs and he posted an article about natural gas?!!? |
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eric lavine
Grand Poobah Joined: August-13-2006 Location: United States Status: Offline Points: 13413 |
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just a taste of rightyganda
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"the things you own will start to own you"
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BuffaloBFN
Grand Poobah Joined: June-24-2007 Location: Gainesville,GA Status: Offline Points: 6094 |
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You think it's 87 or 93? |
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GlassSeeker
Grand Poobah Joined: November-26-2008 Location: Elk Grove, CA. Status: Offline Points: 2421 |
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Another article showing oil rig count is at a 25 year high currently---so how has Obama cut off all drilling????????????????????? Well, he hasn't and that folks is the truth of the matter.
Drill baby drill is exactly what is happening |
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This is the life
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Hansel
Senior Member Joined: September-21-2006 Location: Twin Cities, MN Status: Offline Points: 415 |
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Even though this thread is rather dead, I came across this report today and thought I would share it with anybody who is interested in research and development at US universities. NSF Research Summary |
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davidg
Grand Poobah Joined: January-07-2008 Location: NW Chicagoland Status: Offline Points: 2239 |
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I can relate John. I travel several Midwestern states, and I ALWAYS take the back roads. Always keeping my eyes open for an old Correct Craft boat, or Ford truck. I'll be darned, there is a '64 F250 lurking in your picture with another Ford hiding right beside it. I grew up in Noblesville/Fishers, IN (just north of Indy) in Hamilton County (the MOST Republican county in the country by the way:). Where in the heck is Larwill?
The area I grew up in was nothing but farms in the 70's when I graduated high school. I go back there now, and I don't even recognize the place. Nothing but offices, and retail now. All the farms are gone. My family dairy farm is now a 250,000 sq. ft. warehouse. I sure wished we had kept that farm to reap the big $$$$ when it finally sold to developers. |
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john b
Grand Poobah Joined: July-06-2011 Location: lake Sweeny Status: Offline Points: 3241 |
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This one had been closed since the 70's. I pulled up just to take a photo and an old guy (older than me) came out of the door while I was taking it. You can see him in the doorway. He wondered what I was doing and we talked. He invited me inside and we sat around his coal stove and drank a pop while he told me of the old days in his town, which was now all but gone. There is still a Larwill Indiana, but it moved to a different location. His last name was Platt and he was a WWII vet. His wife had dementia and he still went to the station every day and just hung out, visited by his old friends now and then. The station still has the old inventory from when he closed it in the 70's and a repair and machine shop in the rear. You can see the cases of pop stacked behind him. He told me about the old hospital, built in the 19th century, that was still standing, and I found a church that had long been abandoned. I took a photo of that too. I often travel the back roads when the spirit moves me and talk to people along the way. There is something about history that moves me. I guess that's why I like the old boats too. I am not sure why I am sharing this, just over caffinated I suspect.
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1970 Mustang "Theseus' paradox"
If everyone else is doing it, you're too late! |
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davidg
Grand Poobah Joined: January-07-2008 Location: NW Chicagoland Status: Offline Points: 2239 |
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Reminds me of a gas station I pulled into in the far northwoods of Wisconsin a few years ago. I pulled up, filled the gas tank, walked in to give the old boy (owner I guess) my credit card, and......"I don't take credit cards here"!! Oh Sh*$!! I had to find every loose coin in the car to pay the guy, but, I got him paid. I mean come on, what modern, high tech, gas station doesn't take credit cards in this day and age .
Oh well, that's back in the good ole days when gas was only $3.25/gallon |
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john b
Grand Poobah Joined: July-06-2011 Location: lake Sweeny Status: Offline Points: 3241 |
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I found the solution to high gas prices. Just take your car back in time and fill up!
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1970 Mustang "Theseus' paradox"
If everyone else is doing it, you're too late! |
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Tim D
Grand Poobah Joined: August-23-2004 Location: United States Status: Offline Points: 2641 |
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Of my 4 Toyotas, that would only be a bargain if someone would push the Sequoia. If I fill up my 4 SUV's and both boats it would cost $510.
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Tim D
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SNobsessed
Grand Poobah Joined: October-21-2007 Location: IA Status: Offline Points: 7102 |
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Yes it is high, but if you had to push your truck 20 miles, would you pay someone $4.08 to move it for you?
That would seem like a bargain! |
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“Beer is proof that God loves us and wants us to be happy.”
Ben Franklin |
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Tim D
Grand Poobah Joined: August-23-2004 Location: United States Status: Offline Points: 2641 |
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Crap, just went by the non-ethonal station near me and it jumped .13 to $4.08 since this morning.
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Tim D
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