Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Whatever happen to the lower oil and gas prices as a result of releasing

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
INdemo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 08:07 AM
Original message
Whatever happen to the lower oil and gas prices as a result of releasing
the oil from the oil reserves??
Printer Friendly | Permalink |  | Top
Obamanaut Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 08:10 AM
Response to Original message
1. According to some that was a remarkable display of presidential 'gamesmanship' by
Edited on Thu Aug-04-11 08:16 AM by Obamanaut
releasing some of the reserves when oil prices were down.

Now, those reserves can be replenished at the higher prices.

edited to add link

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=439&topic_id=1352434

Oil Traders: Tapping Reserve Was 'Genius' Move by Obama
Printer Friendly | Permalink |  | Top
 
INdemo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 08:31 AM
Response to Reply #1
3. Well for the speculator..Just buy contracts short and laugh all the way to the bank
maybe that was what the oil traders really were talking about with the "Genius" comment
Printer Friendly | Permalink |  | Top
 
valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 08:14 AM
Response to Original message
2. Bwahahahahahaha! Like promises are ever kept in this 1% world! nt
Printer Friendly | Permalink |  | Top
 
Yavin4 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 08:42 AM
Response to Original message
4. Same Thing That Happened to the Lower Oil and Gas Prices from the Invasion of Iraq
Silly rabbit. Oil profits are for the oligarchs.
Printer Friendly | Permalink |  | Top
 
Myrina Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 08:44 AM
Response to Original message
5. Silly you! Thats an old headline! It's 5 minutes are up!
You didn't really expect anything to HAPPEN, did you???
Printer Friendly | Permalink |  | Top
 
alc Donating Member (649 posts) Send PM | Profile | Ignore Thu Aug-04-11 08:45 AM
Response to Original message
6. perception matters, not results in politics
There was a lot of good press when it happened. Most people forgot by the next week but may have some recollection that "Obama did something to help with oil prices" in the next election. If prices had gone down there would have been more press claiming the move was the cause.
Printer Friendly | Permalink |  | Top
 
hobbit709 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 08:46 AM
Response to Original message
7. "Lower oil and gas prices"?
:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:
Printer Friendly | Permalink |  | Top
 
Freddie Stubbs Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 08:48 AM
Response to Original message
8. Oil and gas prices dropped
But then went back up a few weeks later.
Printer Friendly | Permalink |  | Top
 
NeedleCast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 08:51 AM
Response to Original message
9. At My Local Gas Stations
Prices peaked in late spring at $4.09/gallon for regular. Over the course of the next three to four weeks, they went back "down" to a low of $3.61. After being stable at that price for a few weeks, they were up 8 cents one morning and 2 cents more a few days later and have been stable at $3.71 for about 10 days.

It's just how the gas companies, in league with the speculators, do it now. Gas prices spike, then go back down, but they never go back down to where they were before.
Printer Friendly | Permalink |  | Top
 
TheCowsCameHome Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 09:03 AM
Response to Original message
10. You fell for that one, too? Oh, man........
:rofl:
Printer Friendly | Permalink |  | Top
 
ChrisBorg Donating Member (411 posts) Send PM | Profile | Ignore Thu Aug-04-11 09:51 AM
Response to Original message
11. You might want to think about a trade-in.
Printer Friendly | Permalink |  | Top
 
Ozymanithrax Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 09:57 AM
Response to Original message
12. Everything dropped a bit for a while, but the market adjusts...
and companies reduced pumping to adjust prices at the end. OPEC has done this for decades, adjust the amount of oil they pump in order to manipulate supply and keep prices high.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri May 03rd 2024, 05:40 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC