Why Gas Prices Are Falling In America

[Galileo_Galilee]

"The U.S. and its partners in the International Energy Agency have decided to release a total of 60 million barrels of oil onto the world market over the next 30 days to offset the disruption in the oil supply caused by unrest in the Middle East," the White House just announced.

Of that, 30 million barrels will come from the United States' Strategic Petroleum Reserve.

"We are taking this action in response to the ongoing loss of crude oil due to supply disruptions in Libya and other countries and their impact on the global economic recovery," Energy Secretary Steven Chu said in a statement issued by his department. "As we move forward, we will continue to monitor the situation and stand ready to take additional steps if necessary."

As The Wall Street Journal notes, "the administration has faced growing pressure in recent months to release oil from the reserves as a shortfall in supplies has pushed gasoline prices upward. Until now, the administration had declined to tap into the reserves, saying the stored oil should only be released during major supply disruptions."

Currently, the reserve holds about 727 million barrels of oil, which the energy department says is a historic high.

http://www.npr.org/blogs/thetwo-way/...set-lost-crude

Which means they'll just go back up when this is done and it'll be the same old crap all over again.

Just bomb the crap out of those people and be done with it. The situation will not be resolved with diplomacy.

And we might as well do this anyway because all they'll say about America is the usual crap about America going to war over oil and empire building and all that razzamatazz.

Damned if we do and damned if we don't.

[SaberBlade]

Bombing the crap out of everyone would only make things worse. Best thing to do is be nice to those middle eastern countries that are undergoing change so they'll be more likely to sell it to you when everything settles.

Not sure how 60 million barrels will help, the US is supposed to go through 20 million a day.

[thekillman]

things would be so much better if we just dropped 20 million tonnes of weed in the middle east, have them smoke it and then go talk to them.

IMHO the biggest problem is that those countries are kind of... well short-fused. we burn a koran, they go crazy. well, if they would burn a bible, we'd just send a B-52 with 20 000 more bibles. we can produce them at thousands per second.


the middle eastern region is pretty much in a state of puberty, and being kind of short fused is part of that. the uprisings in Egypt, Libia and Syria are evidence of such a puberty.


in 50 years, we'll likely be laughing about it.

[Galileo_Galilee]

Being nice to these people doesn't work either, history has shown. We were nice to them and we got 911.

Of course, it's always our fault and nobody else's.

[Ukko]

Being nice to these people doesn't work either, history has shown. We were nice to them and we got 911.

Of course, it's always our fault and nobody else's.

911 wasnt the act of a single oil producing middle eastern nation. Bombing the crap out of nations because your pissed about oil prices will just give terrorists like those that caused 911 the opertunity to say "look, we are right, the evil western invaders bomb you because things dont go their way. Join us and fight back"

[mad_gater]

this thread should be called the "why are we not investigating domestic sources of fuel/energy and allowing the Islamofascists that make up OPEC to take us for a ride" thread

[s09119]

9/11 happened because the West overthrew popular democracies that didn't like the USA and supported dictatorships that were cruel to their people but would work with us. That's originally why bin Laden began his campaign against America. It had nothing to do with us "being nice" to them. Quite the opposite, even if it later changed to some crazed crusade against the West. You can't just pretend the reasons behind its origin don't exist.

And no, the thread should not be renamed to talk about the "Islamofascists in OPEC." Try to be somewhat less racist, okay? They control the oil, they get to set the price. We can negotiate or raise the prices of our own goods and resources that THEY need, but suggesting that we should start wiping then out over the price of oil is downright inhumane. There are millions of innocents who get caught in the crossfire and have nothing to do with their leaders (none of whom are fascists, btw).

And their being Muslim has nothing to do with their setting the price; we would probably charge even more, in the name of capitalism and profit margins. And this is all in the face of Saudi Arabia calling for reduced drilling as a result of a worldwide glut of oil supplies as recently as a few months ago.

Angry about high prices? Stop being a racist and blame the speculators here at home--they're the ones who make us pay at the pump.

[mad_gater]

just who's the racist here? they bombed us using 4 of our planes as bombs without any provocation whatsoever.......they clearly have an irrational hatred of anything western and so clearly have no compunctions against taking us for a ride on their oil prices in addition to carrying out unprovoked attacks on anything not under Shariah Law....this is why we need to investigate our own sources of fuel and energy....so we can just say....hey guys...nice doin' business with ya but we got our own fuel and energy now....so F--- YOU!!!

[Ukko]

just who's the racist here? they bombed us using 4 of our planes as bombs without any provocation whatsoever.......they clearly have an irrational hatred of anything western and so clearly have no compunctions against taking us for a ride on their oil prices in addition to carrying out unprovoked attacks on anything not under Shariah Law....this is why we need to investigate our own sources of fuel and energy....so we can just say....hey guys...nice doin' business with ya but we got our own fuel and energy now....so F--- YOU!!!

Terrorists attacked you. Not an oil producing nation.

[mad_gater]

Terrorists attacked you. Not an oil producing nation.

then you need a geography lesson.....the terrorists that attacked us came from those nations....and we give them the money to do it by buying their friggin' oil...so while entire nations might not be at fault the fact remains that terrorists from these nations are able to get their little grubby paws on oil money that WE have given to them...so again the fact remains that we need to investigate our own sources of fuel and energy and use the productivity and innovation were supposed to be famous for and stop giving money to people that hate us

[s09119]

Terrorists attacked you. Not an oil producing nation.

Terrorists who are being hunted by said oil producing nations. Al Qaeda has attacked places like Saudi Arabia same as they have America, bin Laden went after anyone who wouldn't work with him. The "Islamofascists" died right along with the rest of us at the hands of that madman.

[Ukko]

then you need a geography lesson.....the terrorists that attacked us came from those nations....and we give them the money to do it by buying their friggin' oil...so while entire nations might not be at fault the fact remains that terrorists from these nations are able to get their little grubby paws on oil money that WE have given to them...so again the fact remains that we need to investigate our own sources of fuel and energy and use the productivity and innovation were supposed to be famous for and stop giving money to people that hate us

Terrorists from various nations attacked you, it wasnt one nation attacking you. They dont represent a single nation. They are religious fanatics.

[mad_gater]

all the more reason to stop giving them OUR money...keep it all here

[s09119]

then you need a geography lesson.....the terrorists that attacked us came from those nations....and we give them the money to do it by buying their friggin' oil...so while entire nations might not be at fault the fact remains that terrorists from these nations are able to get their little grubby paws on oil money that WE have given to them...so again the fact remains that we need to investigate our own sources of fuel and energy and use the productivity and innovation were supposed to be famous for and stop giving money to people that hate us

And the terrorist bombing in Oklahoma City was carried out by an American, so does that mean America attacked the United States? We should stop giving money to Americans since they all hate us!

...wait, that doesn't quite make sense, does it?

[Galileo_Galilee]

Islamofascists? Really? Really really really really?

And here I was thinking I could get away from that kind of retarded political rhetorical nonsense. After all, it's no different than the Christofascists.

There really is no real difference. A religious fascist is no different than any other retarded religious tyrant who wishes to impose their view on humanity.

And of course, that's also the wrong way to use the term fascist. A fascist government is a government that is ruled by corporate interests, and comes from Mussolini's' Italy. It is of course, a kind of tyranny.