Anyone notice nice drop in gas prices the last month

Geo said:
The White House approves the permitting for oil companies for drilling, so you are stupid as usual.

We didn't need OPEC 4 years ago.
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And a lot of US oil gets exported to Europe and China.
 
shar-vell Dan said:
OPEC/Oil Companies & station owners set the price of gas, not the white house.
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Geo said:
The White House approves the permitting for oil companies for drilling, so you are stupid as usual.

We didn't need OPEC 4 years ago.
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Both of you are wrong. It's the high school kid that works part time at the gas station that sets the price. That's who I always see up on the ladder at the local Chevron changing the numbers.
 
Geo said:
What's your point sports fan?
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My point is, it doesn't matter how much oil is produced or "permitted" in the US. If the production companies can get a better price overseas...that's where the oil is going. These companies could care less whether the U.S. consumer has to pay more at the pump or not. The consumer is a low priority. The top priority--and fiduciary responsibility--is to the shareholders.

That's Capitalism 101.
 
VonBonfire said:
Nobody was talking to you A-Bone. :LOL:
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JackTripper said:
My point is, it doesn't matter how much oil is produced or "permitted" in the US. If the production companies can get a better price overseas...that's where the oil is going. These companies could care less whether the U.S. consumer has to pay more at the pump or not. The consumer is a low priority. The top priority--and fiduciary responsibility--is to the shareholders.

That's Capitalism 101.
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OK so by your logic, if the USA stopped all permitting, the price at the pump wouldn't change? Really?
 
TOTALLY 'NOT' a market manipulation................PLEASE stop noticing........Go back to sleep...

 
Geo said:
OK so by your logic, if the USA stopped all permitting, the price at the pump wouldn't change? Really?
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If US production stopped completely, or more realistically was 100% exported, pump prices could certainly change in the US. I'm not arguing that point.

Again, my point is that these companies do not have a social responsibility to make gas cheaper for the average US consumer that is leveraged with a gas guzzling vehicle. These companies have a legal responsibility to their investors to squeeze every dollar out of every barrel--at the expense of the US consumer or any other market.

The thread implies that the government sets pump prices. It doesn't. In fact, the US is the only major oil market in the world that is not nationalized.
 
JackTripper said:
If US production stopped completely, or more realistically was 100% exported, pump prices could certainly change in the US. I'm not arguing that point.

Again, my point is that these companies do not have a social responsibility to make gas cheaper for the average US consumer that is leveraged with a gas guzzling vehicle. These companies have a legal responsibility to their investors to squeeze every dollar out of every barrel--at the expense of the US consumer or any other market.

The thread implies that the government sets pump prices. It doesn't. In fact, the US is the only major oil market in the world that is not nationalized.
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So, if the USA doubled the permitting of gas companies, the price at the pump and the barrel price of oil would drop.

So, the White house does control the price of oil through permitting.

Not sure why you are trying to deflect from the obvious, did you vote for Briben/Kamaltoe?
 
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