You can drill as much as you want - gas will not become cheaper.

see that pic floating around fb regarding Morocco and it's renewable energy? if not, they're looking at 40% renewable by 2020

I would LOVE to see how the rest of the world tows an 8 metre enclosed trailer with car inside using a jetta

What the hell are you talking about? I've told you that it's being reported on the news. I didn't "spread misinformation"

This news about major new oil finds has been all over the place.

Instead of pretending that you are some kind of professor...how about just paying attention to what's going on in the world.

That is sweet!

Oil and gas are easy markets to manipulate. That is why leaders of countries with a lot of oil can spend hundreds of billions supporting their family. Its why all of the companies sit at the top of the Forbes list.

its simple, why would prices go down

So you're complaining about the price of gas and drive a car that gets 23 mpg. There are cars that will get twice that. But you have your dream car and won't change it, but complain it costs you too much. Dreams often do.

And I show a serious lack of thought?

Any chance you didn't think my post through?

I get your point completely. You spent too much in the good years, bought your dream car and probably a few other things and now your income no longer supports your dreams.

Here's a little more "Misinformation" for you Professor Bill8:

On Sunday, Shell drilled the pilot hole in the Chukchi Sea:

"More than four years after Royal Dutch Shell paid $2.8 billion to the federal government for petroleum leases in the Chukchi Sea, a company vessel on Sunday morning sent a drill bit into the ocean floor, beginning preliminary work on an exploratory well 70 miles off the northwest coast of Alaska.

Federal officials estimate Arctic waters in the Chukchi and Beaufort seas hold 26 billion barrels of recoverable oil and 130 trillion cubic feet of natural gas"

This is just one of the huge oil finds in the U.S. that have been being reported on the news.

The only "misinformation" is people like you not paying attention and calling me a liar when I am simply pondering what effect a glut of oil on the world market will have for oil price, the price of food (transportation of it), and the economy.

Ah I finally get it, you're trolling, no-one could be ignorant enough to call something a find before they even start looking for it. Ha, good one. And I thought them bad 'gubmint was blocking all these huge drills.... *sigh*

Have you seen natural gas prices?

They are really low but are you saying it has nothing to do with the major increase in US domestic production over the last 5 years?

Darn hippies - I'd prefer to buy oil from America than those darn rag heads.


Dave

What the fuck are you talking about?

The discussion is about drilling for oil and whether it can effect price. My observation is that several huge oil finds have been made and it can.

This isn't 1910. They don't have to "drill first" to make finds. Technology is far more advanced than that.
Is it really so hard for you to use google or watch the news before making a comment in a discussion?

As for your dumbass comment about "bad gubmint"...yes, the government did it's due diligence...but that took SIX years (if you just use google or watch CNN today you would be informed).

Some of you guys are so much in denial that it's scary.
I said that there are new huge oil finds ready to be recovered. Some folks on here deny that. I give examples. They still deny it.
Then I wake up this morning and it's all over the news that they drilled the pilot hole yesterday on one of the biggest oil finds.
And some people STILL are in denial of it.

It's hard to discuss the OP's topic when folks like you are trolling it with ignorance of what's going on TODAY.

The oil companies spends loads of cash to lobby the government to get more or less whatever they want. They still make record profits eternally either way. Why would they want to drive the price of oil down? Also, some drilling methods as discussed earlier aren't viable if oil prices are below a certain level...

which brings me to the natural gas part of things. Due to technological advances creating a huge oversupply, all the natural gas companies are losing money off it. Just ask halliburton... You think the oil companies would want this to happen to them? Hell no

If you drive a fuel inefficient car, well just consider the extra price you pay for fuel part of its cost and don't complain. I find it hilarious when people buy a $50k+ car and then just HAVE to go to the gas station that's across the street because its 2 cents cheaper a gallon.

Also that hairy pussy banner is fucking nasty and I really do not understand the point of showing it to webmasters. Plus I dunno about you but I have a tendency to browse GFY when I am eating and it really kills my desire to eat food. Just like I try to avoid updating cumshot sites when I am eating a bowl of cream of wheat

Prices are determined by the commodities markets far more than they are by the Oil companies. So if new supplies come on to the markets, the price will go down.

And the only people screwing us on the prices are the government that ladle on massive taxes to the gas you buy. Average profit for the companies that actually find, pull out, transport and refine the gas? 10 cents per gallon. Average profit for governments that do nothing to create or distribute this product? 80+ cents (in the US) (MUCH higher than that in some other countries).




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