My oil price conspiracy theory: seeking input about gas prices.

[AndyHammond1970]

when Crude oil initially went up from the low $30 range to above $40
gas pump prices in my area went from 1.20-1.85 range mostly for regular. With the recent increases from $42ish range to nearly $50 over the last few weeks I haven't seen it move in my area any.

What I wonder is if the 2-3 major oil oligopolies are holding firm the pump price right before the election to make sure that Bush does not get the Blamed and therefore hurt his chances at re-election. And if this is so, then are they gonna let us have it after the
ballots are in.

I have wondered in conjunction with this idea. How much sell able pump gas does a barrel of crude produce after refinement. I am curious about this if anyone happens to know.


andyhammond1970

[unblock]

1. i'd say "brilliant insight" if it weren't so damn obvious.

but you are indeed correct. if a democrat were in office, you can bet your butt that gas would be $3.50/gal and the media would be hailing the ushering of a complete economic halt and laying it all squarely at the feet of the democratic president.

remember, candidate bush PROMISED oil prices between $25-$30/bbl and said if prices got too high, he'd just tough talk the saudis down. see that worked oh so well.

but note that domestic oil producers, who don't pay anywhere near market prices to drill the oil, but DO contribute heavily to republicans, are making a TON of money and have been throughout the bush regime. they're making plenty at $2/gal and don't want to kill the goose that laid the black golden egg.

[AcesFull]

2. Bring on high gas prices

The prices can't get high enough. It will hurt * and help alternative fuels.

I realize that it's painful, but the only way to ensure the success of alternatives is to make substitutes (oil) expensive.

From a wacko but rational environmentalist on two skinny wheels.

[Newsjock]

3. Amazing, isn't it

Conventional wisdom is that each dollar increase in the price of oil translates roughly to 2 cents per gallon at the pump. But $45 does not mean 90 cents, because of the other relatively fixed costs involved in turning oil into gas at your pump.

Yet we've seen oil increases that, in the past, have almost instantly become pump price increases of 20 to 30 cents per gallon or more. And here at my undisclosed location in California, gas is the cheapest it's been since at least March, with regular unleaded down by about 32 cents per gallon at most stations over the past few weeks.

Meanwhile, we have Gulf of Mexico production disrupted by a hurricane, loss of exports from Iraq, and continuing uncertainty in Russia and Venezuela. In normal times, any of these would have been enough to send the gas stations out to change the numbers on the pumps faster than you can say Bandar Bush. But this time? Noooo.

Here's what could very well happen, though: This week, the news has started to "chatter" about how the big prices increases are coming after Labor Day. This may indeed be bigger than Karl Rove, and come the end of October, we could be looking at a nationwide average of $2.50 or more. And while Bush* might try to again blame that (somehow) on Kerry, it will be yet another of the chimp's grand plans that has gone and blown up right in his face.

Just imagine how much scarier they'd be if they weren't so bleedin' incompetent.

[Warpy]

4. The oil companies had windfall profits until this latest round

of bizarre increases in the futures market. That's given them a cushion against losses to keep their chimp in office by keeping prices artificially low.

However, the original forecast was for oil not to hit $50/bbl until December. They no longer have enough of a cushion to allow them to ride this one out, even if oil prices level off. They will have to increase pump prices, and very soon. I honestly don't think they'll be able to keep the lid on prices until after the election. I think we're about to see them go up after the first of the month.

[Geo55]

5. Conspiracy theories are fun....

but if you are seriously curious about this subject , you can google peak oil.
this site is a good place to start,
http://www.peakoil.net/