The "Gas" Thread

[PaulFLUS]

With due respect Bob, I don't think you can ignore or dismiss the effects the US government has on the rest.of the world. The NYSE crashes and every other market in the world crashes. The US economy and leaders have a huge effect on the world economy. We are the world's largest consumer. If we tank China, for example goes down right along with us because of the deficit in demand for their products. You may not like it but it is a reality.

[STF]

Umm, this is tricky.

I like what Bob said but if Paul decides to sell any of his razors i want first dibs so in the interest of my rotation I think I better stay away from the last two post.

Sorry guys, but shaving is much more important than whose fault it is that Gas has gone up or how important the States are.

[Gasman]

supply and demand

[BobH]

supply and demand

Certainly, but what are the root causes of the current shortages in almost everything that are limiting the supply and increasing the prices?

Bob

[Kees]

Do you guys realise how lucky you have been all those years? Prices quoted above are at Western European levels where taxes, excises and VAT (some sort of sales tax, 21% in the Netherlands) have always been much higher than in the US. In the eighties when I lived in Houston, Tx it used to be 1 USD a gallon.

[gssixgun]

Oil / Gas is one of the most highly regulated industries across the world..

You can't have complete control of a product through government regulations, and then claim it isn't your fault when the price spikes....

LGB/FJB

[thebigspendur]

Crude no matter where it's from is traded on the open market. The price is determined there. Government Regulations certainly affect the price but in the end not by that much.

I guess, the U.S if it was totally self sufficient could tell the world screw you and we could keep all our production for ourselves but it would take Government Regulation to do that.

On the other hand Saudi Arabia could stop production totally tomorrow and then what?

[outback]

Well...the decision to shut down the pipeline sure helped. Didn't it.!!

There's billions of gallons sitting in ports, but its not being unloaded.

Oil company's have the money to build more refineries, and hydrogen fuel has been proven to work . oil companies won't let that happen

[BobH]

With due respect Bob, I don't think you can ignore or dismiss the effects the US government has on the rest.of the world. The NYSE crashes and every other market in the world crashes. The US economy and leaders have a huge effect on the world economy. We are the world's largest consumer. If we tank China, for example goes down right along with us because of the deficit in demand for their products. You may not like it but it is a reality.

Oh, there is no doubt of the influence the US has on the rest of the world. I'm not saying it does not, far from it. Just think that when the rest of the world is suffering from the same rising prices for everything and no political leader has been able to do something about it or any economy has been exempt from it there must be other root causes. As powerful as the US is, it is not unique in suffering. WRT, gasoline it is better off than most even thought the rising gas prices in the US still hurt. That too is reality, like it or not.

Bob

[PaulFLUS]

Oh, there is no doubt of the influence the US has on the rest of the world. I'm not saying it does not, far from it. Just think that when the rest of the world is suffering from the same rising prices for everything and no political leader has been able to do something about it or any economy has been exempt from it there must be other root causes. As powerful as the US is, it is not unique in suffering. WRT, gasoline it is better off than most even thought the rising gas prices in the US still hurt. That too is reality, like it or not.

Bob

Well there are some things that are unavoidable like, oh, say for instance a pandemic but let's PLEASE NOT get started on covid again.







...and I acknowledge that. The problem is when leaders are not doing what they could because of incompetence then that is a different story. And I would say that no matter which side of the isle the present leader was on.