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re: WSJ Market Watch Opinion: If Iraqi oil goes off line, $200 oil is next

Posted on 6/18/14 at 12:13 pm to
Posted by CurDog
Member since Jan 2007
28083 posts
Posted on 6/18/14 at 12:13 pm to
quote:

He got re elected already


when?
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 6/18/14 at 12:13 pm to
sorry, maybe I misread your post
Posted by GeauxxxTigers23
TeamBunt General Manager
Member since Apr 2013
62514 posts
Posted on 6/18/14 at 12:13 pm to
quote:

there is more drilling happening on US soil now than there ever was.


Irrelevant when Refineries can't get permits to be expanded or even built. Also Keystone.
Posted by LSURussian
Member since Feb 2005
127054 posts
Posted on 6/18/14 at 12:14 pm to
quote:

we're all in for a hell of a shock if this happens considering ISIS is starting to take over oil facilities in Iraq.
Why? ISIS wants the oil money just as much as the other guys do. They are NOT going to stop selling oil.
Posted by dewster
Chicago
Member since Aug 2006
25426 posts
Posted on 6/18/14 at 12:14 pm to
Do we have a shortage of refining capacity?

Also, what motivation would any group have to shut down a source of revenue like that? Are we expecting some kind of boycott?
This post was edited on 6/18/14 at 12:18 pm
Posted by joeytiger
Muh Mom's House
Member since Jul 2012
6037 posts
Posted on 6/18/14 at 12:14 pm to
quote:

Obama entered office when gasoline prices were depressed by the recession, so much of the rise is actually a sign of an improving economy. In other words, had prices not risen, it would mean the country overall was in worse shape.


He has been in office for six years, four of those years he had a rubber stamp to pass anything he wanted. He could have done more to decrease oil, but that goes against his ideology to skyrocket gas and energy prices to somehow magically produce unicorn farts to run cars.
Posted by wickowick
Head of Island
Member since Dec 2006
45833 posts
Posted on 6/18/14 at 12:15 pm to
Is this when we can point to Keystone and say I told you so?
Posted by CurDog
Member since Jan 2007
28083 posts
Posted on 6/18/14 at 12:15 pm to
Posted by Thib-a-doe Tiger
Member since Nov 2012
35554 posts
Posted on 6/18/14 at 12:15 pm to
I don't think we have a shortage, but seasonal down time keeps us at capacity
This post was edited on 6/18/14 at 12:16 pm
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
64985 posts
Posted on 6/18/14 at 12:16 pm to
quote:

Because Obama single handedly controls the price of a worldwide commodity.

Dummy Obama!!


Nice use of a gross over-simplification to make yourself look like an uninformed simpleton.

Posted by dewster
Chicago
Member since Aug 2006
25426 posts
Posted on 6/18/14 at 12:16 pm to
I thought is was the case that refining capacity isn't really a problem right now under normal circumstances.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 6/18/14 at 12:17 pm to
quote:

His safety regulations didn't cause every oilfield related company to add billions collectively to their budget? Companies that weren't even a party to the spill? Who do you think ended up picking up the tab for that?



that not going to make that much of an effect on the price at the pump
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89722 posts
Posted on 6/18/14 at 12:17 pm to
quote:

the president doesnt set gas prices, nor does he set the price of oil


"We have two oilmen in the White House.... The logical ... follow-up from that is $3-a-gallon gasoline. There is no accident. It is a cause and effect.... a cause and effect." - Nancy Pelosi, 2006

Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89722 posts
Posted on 6/18/14 at 12:18 pm to
quote:

Obama entered office when gasoline prices were depressed by the recession, so much of the rise is actually a sign of an improving economy. In other words, had prices not risen, it would mean the country overall was in worse shape.


I think you just officially broke the "Full of shite" gauge.
Posted by xXLSUXx
New Orleans, LA
Member since Oct 2010
10312 posts
Posted on 6/18/14 at 12:18 pm to
quote:

No true in slightest


What do you do for a living that allows you to make that statement as fact?


Now granted, I may be biased. I get to whore myself out to the highest bidder, so when oil prices go up, so do my rates.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 6/18/14 at 12:19 pm to
quote:

Nancy Pelosi,


I stopped reading there
Posted by dewster
Chicago
Member since Aug 2006
25426 posts
Posted on 6/18/14 at 12:19 pm to
Do we have reason to expect some kind of boycott?

This seems like an article that's intended to be shocking and dramatic enough to sell subscriptions and generate website hits by focusing on a possible, but unlikely scenario.

A series of hurricanes can hit Houston, Baton Rouge, and Lake Charles this year and impact prices at the pump as well. A lot of things can.
This post was edited on 6/18/14 at 12:23 pm
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63401 posts
Posted on 6/18/14 at 12:20 pm to
quote:

quote:
Nancy Pelosi,


I stopped reading there


It said 2006 after that, FYI.
Posted by Thib-a-doe Tiger
Member since Nov 2012
35554 posts
Posted on 6/18/14 at 12:20 pm to
quote:

that not going to make that much of an effect on the price at the pump




Lolwut? I worked at a small service company and it added about $600k to our annual budget. This was a company of 60 employees. You don't think that extrapolated over the entire industry is going to raise prices?
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 6/18/14 at 12:20 pm to
I read backwards
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