Smart people: Why are gas prices so low? - Page 2 - GoFuckYourself.com

Relentless · 10-30-2014, 01:44 PM

Quote:

Originally Posted by dyna mo

a study by Yale economist Ray Fair shows that dating back to 1948, there is little correlation between election results and gas prices. Take 1992. Gas prices were at their lowest levels in decades. The economy was pulling out of a recession. And the president had just won a war in convincing fashion. What happened next? Voters gave President George H.W. Bush the boot. Fast forward to 2004. The economy was again pulling out of a recession ? but gas prices were at their highest levels in decades. What happened next? President George W. Bush was re-elected. on to 2012, gas prices climbed dramatically in the months before Obama was elected.

Yup, large corporations only target national candidates. No reason to sink money into particular races or to affect prices differently in different regions. That's why Ohio prices fell exactly the same amount as prices in every other State.

People tend not to vote based on their own economic situation. A lot of the time people totally ignore whether they are doing better or worse financially and politicians hardly even mention those sorts of things during campaign ads or stump speeches. In fact, how well people are doing financially is so unimportant, it's likely why most political campaigns focus on the favorite color of each candidate instead.

dyna mo · 10-30-2014, 01:44 PM

it's truly beyond silly to me to think that exxon et al would lose billions of dollars in revenues to keep incumbents in office, regardless of who those incumbents are.

I mean really!

Relentless · 10-30-2014, 01:47 PM

Quote:

Originally Posted by dyna mo

it's truly beyond silly to me to think that exxon et al would lose billions of dollars in revenues to keep incumbents in office, regardless of who those incumbents are. I mean really!

Lose billions of dollars? hahahahah

Exxon never loses billions of dollars. If they reduce the price, they don't lose any money at all. They defer revenue, sure... and how much is favorable regulation and a weak oversight worth compared to the time value of money on that deferred revenue?

420 · 10-30-2014, 02:41 PM

Maybe something to do with oil sands, cost of living, and social security. More likely it is a false flag and gasoline prices are crisis actors.

Major (Tom) · 10-30-2014, 03:09 PM

the usa is producing more crude than Saudi Arabia. The first time since the seventies. Thats why. well at least 90% why.
ds

dyna mo · 10-30-2014, 03:15 PM

Quote:

Originally Posted by Relentless

Lose billions of dollars? hahahahah

Exxon never loses billions of dollars. If they reduce the price, they don't lose any money at all. They defer revenue, sure... and how much is favorable regulation and a weak oversight worth compared to the time value of money on that deferred revenue?

you don't realize that spending money is a cost? and a cost directly impacts bottom line profits? You think that oil co's would rather manipulate global oil than take a politician to lunch? come on.

again, your claim that each and every incumbent in office is so much more valuable than a new incumbent that oil companies (both domestic and foreign) collude to manipulate global oil prices so as to alter the price of gas (which you said earlier isn't tied to oil prices) which in turn maintains the status quo of politicians in office is preposterous.

2MuchMark · 10-30-2014, 03:27 PM

Quote:

Originally Posted by Barry-xlovecam

There is more supply than demand for motor vehicle fuels because of the new Chevy Volt

Lose-Win Mark LOL

You're welcome!

pornmasta · 10-30-2014, 03:28 PM

Quote:

Originally Posted by Rochard

I never understood why the price of oil is controlled by OPEC.

Opec is supposed to work like a cartel
the policy of saudi arabia its to reduce is production to keep the price at a given level, but i don't think that opec is still powerful nowadays

pornmasta · 10-30-2014, 03:33 PM

Quote:

Originally Posted by Rochard

And they are in a price war. .

and USA wants to piss russia off

XXXBizXXX · 10-30-2014, 03:55 PM

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10-30-2014, 03:55 PM	#60
XXXBizXXX Confirmed User Industry Role: Join Date: Sep 2014 Posts: 405	Your answer is simply two words: SHALE OIL More info __________________ CLICKADU PAYS YOU BIG! average CPM: 2.1$ - 5.2$ Make More $$$ Last edited by XXXBizXXX; 10-30-2014 at 03:58 PM..

10-30-2014, 01:44 PM	#52
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 65,804	it's truly beyond silly to me to think that exxon et al would lose billions of dollars in revenues to keep incumbents in office, regardless of who those incumbents are. I mean really!

10-30-2014, 02:41 PM	#54
420 cuck Industry Role: Join Date: Mar 2003 Posts: 11,571	Maybe something to do with oil sands, cost of living, and social security. More likely it is a false flag and gasoline prices are crisis actors.

10-30-2014, 03:09 PM	#55
Major (Tom) White Pride Industry Role: Join Date: Nov 2003 Location: Null Posts: 30,854	the usa is producing more crude than Saudi Arabia. The first time since the seventies. Thats why. well at least 90% why. ds