har har, your funny. Even your scale shows a 1 million barrel a day increase in 1 year.

Lot of those so called liberals back in 1948 were labeled marxists and socialists, and we all know what occured under Mcarthiasm.

"Have you or have you not been a member of the socialists political union."  Made as a statement, and not as a question.

Even now, there is a split in the republican party, between the Old Guarde and the Tea Party.  Even Boehner put his foot down and went across his own party lines to form a balanced budget for this coming fiscal year, where the Tea party was still refusing to deal about it in a proper format.

Gas prices along the Oregon coast is still the highest in the state, roughly holding at $3.33 to $3.39 a gallon.  The price was edging lower this winter, until some a-hole in the speculators market wrote a story stating how oil prices were going to skyrocket this year due to excessive cold fronts in the north moving south.  None of the gas retailers were willing to pump up the price of gas, and many home oil providers for heating were more than prepared to buy local rather than import due to exccesive price hikes from the eurozone and the middle-east.

Basically it was either christmas presents or heat.  The kid could cry about not getting his Power ranger action figures, or he could shiver in the cold of winter.  And the gas and oil companies didn't want the news fixation to label them inhumanitarians for letting little five year old johnny freeze in his own home, because the energy companies kept raising costs of goods.

There is one comment:

Alan Miles (URL) on Dec 27, 11:38 AM said:
This is terrific, but to put things into perspective the US consumes about 564,000 barrels of oil a month, so even with this it still needs to import 60% of its oil.

Don't know the guy but he makes a good point. My question is why the price per barrel is still very high?

Key the biggest 1 cost to your gas? Not OPEC, not Oil Companies, not the Gas Stations... The US Federal Government.

Remember when the news broke that we had started EXPORTING gasoline!  It was our oil drilling had increased, and all the sudden we had a surplus of gasoline, and the news broke that the U.S. government began to sell gasoline to other countries.

If we have a surplus, then why the hell was the gas prices still surging?  Extra gas, meant that we could stockpile and relieve customers and make the price go down.  Because there would be NO SHORTAGE.  During shortages the price goes up, because demand is higher.  But if there is no shortage, then they have more than enough to push a lower price.

And the U.S. government does not trade in OIL futures.  Oil futures are traded by the Stock Market and business investors.  So the decisions to raise the cost of gas is not affected by the U.S. government as a whole, but by the decisions of those that sell the crap.

Right now the only thing Wall Street investors want to do is Short Sell.  That's buy quickly at a low price and then sell it a higher price as quick as possible.  As quick as possible.  Their no longer interested in finding the best deal.  They take any low cost material at any price, and then sell at one higher price.  And do you know whose buying that higher price?  Other investors who repeat the same thing.  They decide to purchase it, short sell, and sell it at a higher price.  Have you ever seen the price of Oil as it trades in one single day?  The price changes nearly every second.  That's a second where one investor buys it at low, and within SECONDS resells it at a higher cost.  That's not even done by men, that's done by computer programs, who are run by men that are attempting to force the price of a commodity to sky rocket.

In some cases, the same investor REBUYS what they just SOLD, and their computer does this anywhere between a dozen times to hundreds of tiems in a single hour.  Real human beings look at that price, and see it surge, now they want to be on what they believe to be the "bandwagon" thinking if they don't get into the action, they'll lose out.  Sadly, the program that was being used has also been programmed to cut off at a single point in time, and let the cards lay as they fall.  After that one particular moment most real live investors are morons and were suckered into buying a product at a price that was not worth it.   Now they have a product at a price that no one wants to buy, and they decide to try to sell it at a lower price, taking a loss.  Once that price reaches a certain price level again, that stupid computer program from those investors kicks in, and the garbage starts all over again.

Micro-transactions.  Computer controlled programs which buy and sell within seconds, causing rollercoaster rides on the Wall Street ticker tapes.  The process is illegal, because human controls have to be in place to stop any sort of hanky panky on the market.  Lot of companies have already been caught using these micro-transaction programs, and they've been dealt with and fined for the use of them.  However, doesn't mean someone is not smart enough to change the space of time between the purchase and resale during these short sale moments.

And your blaming the U.S. federal government?  Geeze, I thought you were smarter than that Einstein.

lol.

I like ethanol at parties.

Key's post on stock markets makes me cringe.

First, that's not what "short selling" is.
http://www.investopedia.com/university/ … lling1.asp

Second, re-buying what one just sold at a lower price is GIVING AWAY money, not a strategy to make money.

And third, any individual investor trying to ride markets on a daily basis is knowingly throwing money away. No responsible investor loses money to such computerized schemes, only other idiotic, corrupt mega-bankers do. And they don't harm the free people of America unless... those people are dumb enough to elect corrupt politicians who bail out the idiot bankers. That's the fault of idiot voters who don't hold their elected leaders accountable, not [relatively] free markets. Without idiot voters, the people engaging in idiotic trading get fired, and the idiotic banks who employ them go bankrupt, giving more customers to responsible banks who actually produce profits. (Yay interest for all! Remember what interest on savings was?!)

The cost of ensuring deposits in banks run into the ground by idiots/corrupt banksters is much less than the endless trillions America is giving away to banksters now, destroying competition and free markets along the way.

I'm not saying that the stock market isn't legalized crime and it's not a big inflation-riding, money-printing bubble just waiting to explode. It's just... entirely different from what Key thinks it is.

It's "you're."

You have absolutely no idea what you're talking about. "If..." "You could..."

You've completely disregarded everything I've said because it's obviously over your head and continued to embarrass yourself with more random conjecture and hypotheticals which have absolutely no connection to real people in the real world and real markets--which there are huge problems with, compliments of the Federal Reserve and the US government.

But you have no idea what I'm talking about, or what you're talking about for that matter, so why bother correcting you.