Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

When will the "jawboning ass" start lowering gas prices.

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 » Archives » General Discussion (Through 2005) Donate to DU
 
billybob537 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-18-04 02:13 PM
Original message
When will the "jawboning ass" start lowering gas prices.
Edited on Tue May-18-04 02:14 PM by billybob537
The Saudi's have agreed to increase production. So when will Shrubco get the prices down?
Printer Friendly | Permalink |  | Top
tom_paine Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-18-04 02:15 PM
Response to Original message
1. August--end of summer
To be camoflauged in "seasonal price decreases".

Thanks Bushevik Bandar, you Tyrannical Shitpile!
Printer Friendly | Permalink |  | Top
 
JM Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-18-04 03:21 PM
Response to Original message
2. Bull...The Saudis aren't doing anything
The increase of production is no such thing. They and 1/2 of OPEC were already exceeding the quota by 1.5mm barrels, so by announcing a quota increase of 1.5mm barrels, they merely lend validity to their breaking the cartel rules. Perhaps others that actually followed the rules will increase production, but I am guaranteeing nobody in OPEC is genuinely interested in helping us EXCEPT the Saudis.

Even if we had a genuine flooding of the market, it would help spot market prices, but only in a limited way. Unless someone puts the screws to the oil companies to add refining capacity, it won't matter. We will still have shortages.

Now if we could get the 22 states that have special fuel mixtures in the summer to agree on one standard, perhpas the refineries could free up some capacity.

JM the non-driving
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 Thu May 09th 2024, 04:12 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (Through 2005) 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