Location: Obama made me join the NRA for 5 years !
Posts: 2,181
I told you gas isn't supply vs demand
Americans drove 11 billion fewer miles than the year before.
News reports show record reduction in miles driven - but record gas at the pmup prices. Hey, wait a minute, I thought using less gas meant lower demand means cheaper prices ?
No, gas is one of the few commodities that is NOT supply vs demand. Sorry guys its just not. We could cut our useage in half and still gas prices would go up if the powers that be want them to - and those powered are the middle eastern oil producing, American hating, tired of GW countries []
Hey BD, did you notice that OPEC has cut their output as well? If you did, then that means supply has dropped as well.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Check and see what China's consumption was??? Did it go UP or DOWN???
Yea, remember we're lucky if it weren't for NAFTA American companies would be burning all that fuel and American workers would be burning gas that China now needs.
If it wasn't for NAFTA, we wouldn't have the guaranteed supplies we have today!
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Big Duane, since when is demand for gas only determined in the US? I'd really love to see evidence that China and India don't compete for the same gas at the wellhead that we do. Also, I have heard that they both have many TIMES more population than we do, with thousands of new drivers every day.
Location: Obama made me join the NRA for 5 years !
Posts: 2,181
RE: I told you gas isn't supply vs demand
hmmmmmmmmm
so Americans NOT using less oil doesn't affect the gas prices then, is that what ya'll are saying ? and I thought the excuse that our refineries are maxed was one reason for $4 gas ?
gas is NOT supply and demand, that is an absolute lie
there is NO GAS shortage right now. there isn't, and there won't be. all the oil and gas that is needed is produced. I mean, if we're using SO MUCH gas, and OPEC is cutting supply who's running out ?
it aint the US, I've never in my life seen a station not have gas. might have happened in the early 70's was it ? but not since
maybe China don't have enough. Maybe Poland.
the US has all it needs, even after we cut 11 billion fewer miles, not counting all the other cuts that likely were made too in airlines, buses, freight etc
a supply and demand market is milk, chocolate, coffee .... where if it gets too expensive people quit buying it, and the producers find a way to get the preice back down to a level people CAN buy it
it aint the US, I've never in my life seen a station not have gas. might have happened in the early 70's was it ? but not since
There was gas back then, no shortage at all except for government policies that created the problems.
Quote:
oil is NOT supply and demand
Once again, OPEC has cut supply. They didn't have too but when you control the chunk they do, they have the power to keep supply lower then demand, which it is at today. There are still more increases in todays gas not seen on the market yet. It will take a few more weeks to top off as long as the barrel price doesn't rise. Also for your information, China is holding gas steady in their country to continue to fuel the growth they want. They are doing this by buying gas on the world market and NOT passing the increase on to their folks. That keeps their usage steady. They can't do this indefinitely either.
Perhaps instead of putting forth this none sense, you could do a little research on the subject and post the world demand vs world supply and then get back to us.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
yes, but did you also happen to see that gas fell 3.30 cents a barrel today after they announced that the other day. The problem with gas is that it is priced by supply and demand, but also speculation on what the supply and demand will be in the future. That speculation and the secondary markets make it so the prices aren't run directly in regard to supply and demand, but it's still the underlying premsis. It's sure not the oil companies (atleast the U.S., U.K, etc....it certainly is in regards to the state controlled companies of OPEC though). Also, like FM pointed out, U.S. demand isn't not the entire demand curve for oil/gas.
Big Duane , you say you dont remember there not being any stations without gas. Well then you are either really young or you dont remember the Peanut brain Carter years of gas shortages. I do agree with you though , the price isnt driven by supply and demand as much as people think it is.
I told you gas isn't supply vs demand
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