Gas is suddenly down to $3.67 in Dallas- they must be desperate.

[Prisoner_Number_Six]

I wonder just HOW desperate they'll end up being- can it "plummet" to two bucks before November?

I know all that happy horseshit about the speculators, but I ain't buying it for a hot second. They're scared to death and trying to buy their way back into our good graces with (what they no doubt consider to be) cheap petrol. It's up to us to make sure the public remembers all the lives they destroyed while jacking the price up so high and so fast to begin with. It's up to us to remind the citizens of this once-proud nation of all the small businesses that have collapsed under the weight of their empty gas tanks. It's up to us to make sure everyone remembers just how many families are now living in parked cars because they can no longer make their house payments and drive to work on the paycheck that just keeps getting smaller and smaller and in too many cases ends up completely disappearing.

Bring it on, yelled the monkey boy. Do your worst! And the oil companies did just that, to the near-total destruction of America from within.

But now it's OUR turn to say it, and say it, and keep on saying it until they understand. It's our turn now, and it's important that we don't let up on the pressure for an instant. It's time for us to take our nation back and make it impossible for them to do it all again.

Bring it on, you sons of bitches! Bring it on!

[Muttocracy]

1. Obama said mean things about Exxon-Mobil today. Make him stop!!!111

[napi21]

2. Price of crude is down.

122.55 +0.36 +0.29%
Previous Close 122.19 Day's High 122.95
Day's Low 121.20
Last update 11:29 AM ET

Financial data in U.S. dollars


This is the quote as of 1:00PM today.

[Purveyor]

7. Notice how refinery ultilization has been down to 87% the last couple of weeks. eom

[Schema Thing]

10. Really?

geeeez!


Say, you must know something about this, since you used the term "refinery utilization"; I would imagine that refinery utilization is the biggest part of the disparity between gas and diesel? Why do you thing, given how business and shipping cost are so affected by diesel, that there has been a almost 1 dollar disparity between gas and diesel for so long now?

[tammywammy]

12. The rise in diesel price is attributed to the extra refining

from the switch to ultra low sulfur from low sulfur at the end of 2006.

Also, three big refineries are undergoing huge expansions right now.

[Subdivisions]

13. Those refits are to enable the refineries to handle heavier

and more sulphuric crude, in lieu of light sweet, which is now in a steep production decline.


Edited to add: Oh yeah, I've also heard that some of that work is to make hydrogen too.

[tammywammy]

16. Also, they'll be able to refine more product

At least one is doubling their refining ability.

[napi21]

15. They have to make sure there's absolutely NO overproduction!

Several years ago, the oil co execs decided they couldn't get the price they wanted because refinery capacity was way too high! Shortly after that, they close over 200 refineries! (Reduce supply, the price goes up!) Americans are driving a lot less now because they just can't afford to drive anymore! Sooooo, what's their solution? LOWER PRODUCTION! AH's!

[Ilsa]

3. $3.60 here in south Texas. They must be desperate, trying not to

make oil and cost of living and inflation an economic issue, but it is too late for most people.

[ihavenobias]

4. This reminds me of what Larry Bartels of Princeton discovered in his research on the economy...

depending on which party was in charge.

Basically he said that Republicans always manage to make the economy appear stronger during elections years compared to Democrats.

He's the same guy that came out with the excellent research that showed that wage growth for the Middle Class is double when a Democrat is president compared to a Republican (and 6 times higher for the working poor).

If you're interested in learning more about these topics, and see # 2.

[Dreamer Tatum]

5. So, what should the price of gas be in order for you to not smell a rat?

I suspect there is no such price.

The world demands more oil. The supply of oil is not increasing in the near term. Speculators are exploiting those facts.

Ergo, the price is rising.

I fail to see the difficulty in understanding this logic.

Oil companies taking advantage of these facts is an effect, not a cause. If you believe differently, then kindly explain to me why gas was 95 cents a gallon in 1998. Using facts, please.

[Prisoner_Number_Six]

6. Considering all the money they're sucked out of our wallets

they should be GIVING IT TO US FOR FREE.

[Dreamer Tatum]

8. That's not what I asked nt

[Prisoner_Number_Six]

18. You might want to go to this thread and have some fun.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3702794

[napi21]

17. A big part of it was that 200 refineries have been shut down since then!

I'll have to hunt the research article I've quoted on DU in the past. The Drillers, & the refiners are quite capable of controling the prices they want to see.

[charlie]

9. Got a crisp twenty

that says those Pray At The Pump bozos are fist-bumping and wailing "Thank Yew Jeezus!" right now.

[burythehatchet]

11. I think I'll start a new "movement"

Dump at the Pump

[Subdivisions]

14. Oil up $4.50 today to $127+ . No matter what ANY of you say, there is

NOTHING that is going to stop the upward trend of oil prices over the long term. Oil and our capacity to bring it to market is going away eventually. Get used to the idea.