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Thread: This will raise the price of gas and more

  1. #11
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    I said it before, time to kick some Iranian ass.

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    Conservative Libertarian (09-15-2019)

  3. #12
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    The US has pretty much reached energy autarky.

    A world price of $100/bbl may cause a world-wide (except for the US) recession.

    None of KSA's big customers are coming to their aid. India, the EU, China, etc.

  4. #13
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    Quote Originally Posted by Hillofbeans View Post
    I said it before, time to kick some Iranian ass.
    Such a move would make expatriated Iranians happy if it ousted the Mullahs.
    It takes a FAMILY to raise a child--Not Hitlery Klinton's Socialist, Anti-Family, Nanny-State...I mean, "Village".

    Islam is a religion of violence and terror as practiced by the Islamofascists. The Muslims that do speak out against terror are then terrorized by the Islamofascists and are ignored by the Lap Dog Media.

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    HawkTheSlayer (09-15-2019)

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    Quote Originally Posted by HawkTheSlayer View Post
    Thing is , it effects futures pricing on a global scale. The domestic oil industry will respond by raising prices since the industry itself hedges(manipulates) most of the futures market contracts.
    They Dont care if they lose a few bucks on the contracts. They can manipulate price through contracts and contract pricing and make it all up on the production, but especially the refinery end.
    Hawk gets it, oil is a global commodity. However we can still control our own destiny and can no longer be held hostage by the sand people. We should also increase the number of refineries we have available. If push comes to shove and shit hits the fan, we could employ an EXPORT tariff to steer American production to encourage providing oil to only America if things get nasty.
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    HawkTheSlayer (09-15-2019)

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    If oil prices go up in the USA it is because of the speculators, not the fact that SA got attacked.

    It's about time we divorced the price of oil from wall street. I can see the price going up in counties that depend on Saudi oil but not here in America.

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    Quote Originally Posted by Morning Star View Post
    If oil prices go up in the USA it is because of the speculators, not the fact that SA got attacked.

    It's about time we divorced the price of oil from wall street. I can see the price going up in counties that depend on Saudi oil but not here in America.
    But that's not how this works. Oil companies are going to sell to the highest bidder. That's why we hold the keys to our own oil independence, we can make it unprofitable for US production getting shipped overseas.
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    Something need do be done then, what is the point of being energy independent if the price we pay for it still depends on the middle east?

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    Quote Originally Posted by Morning Star View Post
    Something need do be done then, what is the point of being energy independent if the price we pay for it still depends on the middle east?
    We still pay less than the rest of (most) the world now, because it costs money to ship oil overseas. But like I said, we can tax oil exports to the point that our natural resources stay here for practical reasons. It isn't something you want to do in free markets but it's an ace in the hole.
    Last edited by navigator2; 09-15-2019 at 10:13 AM.
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    Quote Originally Posted by HawkTheSlayer View Post
    Thing is , it effects futures pricing on a global scale.
    Trump already said he'd release reserves. He can mitigate this.
    Quote Originally Posted by Hillofbeans View Post
    I said it before, time to kick some Iranian ass.
    The Iranians want that. It's better to starve them financially and isolate them.
    Quote Originally Posted by Morning Star View Post
    If oil prices go up in the USA it is because of the speculators, not the fact that SA got attacked. It's about time we divorced the price of oil from wall street. I can see the price going up in counties that depend on Saudi oil but not here in America.
    How the markets react tomorrow will be interesting and tell where this is going. I think the market has this factored in to some extent. Look to the futures early tomorrow morning.
    Quote Originally Posted by navigator2 View Post
    But that's not how this works. Oil companies are going to sell to the highest bidder. That's why we hold the keys to our own oil independence, we can make it unprofitable for US production getting shipped overseas.
    Let them sell then. Iran wants the prices to go up. Fine. Flood the market.
    Quote Originally Posted by Morning Star View Post
    Something need do be done then, what is the point of being energy independent if the price we pay for it still depends on the middle east?
    We're about to find out.

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