You can drill as much as you want - gas will not become cheaper.
 

Because why would Shell, Conoco or whoever drills it out of the ground sell it for less than the market price?

Cue Paul Markham...

You talking petroleum or natural gas?

Especially with newer cars becoming much more efficient per gallon, they will want to keep profits high.

petroleum

i read all the time how drilling on your (the US) own soil would bring down oil prices. and i still cannot figure out how that would happen.

unless you want to government to drill and bypass the international market - but the same people always want less government. so thats no option either

You are right, and it is STUPID to pay for shipping oil in, when we ship it out....

Prices here still going up daily...

what is the prices?

I'm gonna buy a Prius.

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this kind of sums it up:

http://articles.nydailynews.com/2012...40mpg-new-cars

average MPG in the US is 24, in Europe between 40 and 50

does one really need a F150? and big V8 engines when the speed limit is 55 or 65 mp/h?

most people could cut their costs for gas by 50% if they drove something like a Jetta or Passat (or similar)

What is market price?

Since you don't own a car right now shouldn't you be worried about miles per pair of Adidas? :winkwink: :1orglaugh

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http://www.bloomberg.com/energy/

i prefer chucks :winkwink:

Most people don't need a car either. :-)

Most of the world lives in an urban environment. We could have vast public transportation systems in every moderate sized city that would make it so nobody needs a car.

We have cars because we want cars. Need does not come into the picture.

Does the average person need a F150? Probably not, but they get it because they like it, they want it, and they can have it. Until it is no longer affordable, people will continue buying them.

Oil is out there to get. People want it. They can get it. They will go get it.

That's what we humans do, we are savage beasts!

And what sets the market price?

By the way, price of oil does fluctuate up and down. If Shell, etc., had total control, why would they let that happen as it already does happen?

Supply and demand. The market price will drop as supply gets larger. Just like everything else does.

Stockpiled like diamonds.

I used to own a 1971 VW bug. I stripped off the govt. mandated catalytic converter and smog bullshit. Put a new weber carb on it and freeflow exhaust.

I was getting right at 40 mpg with that old car.

I had a 1973 MG Midget from 1996 to 2008. Stripped off the U.S. govt. smog shit on that too. Fitted it with a single oversized S.U. carb, installed electronic ignition on it, Put on a super charger and free flow exhaust.
Got 30 MPG on that.

We've already been conditioned for $3.00 ---- Now its around $3.70

It will never go back to $3 - ever.

Most of us would be so happy if it would even get to $3.25

Its just going to climb--- they have us by the balls for a long time and they know it.

you gonna tow my boat or trailer with your Jetta? fit my entire family in there plus gear?

I drive so little now that I just don't really give a shit.

the oil companies are not interested in dropping prices, they would just drill less. like they do now already.

funny how the rest of the world can do it

Goats are smaller than wives.

I agree they want to make all the profit they can. God knows if I could raise the price on our paysites I would. :)

But keep in mind that the oil companies are right now trying their best (and being blocked by the U.S. Govt) to drill MORE.
Also keep in mind that we need more oil refineries in the U.S. as well.

The rest of the world must not be hauling much.

Raising fuel efficiency is the better fix.
If gas is $12 per gallon and you get 150 miles to the gallon,
you are much better off than if you get it back to $3 per gallon and 20mpg on most cars.

The planet would also be much better off.
We drill very well... We burn fuel like we are half retarded cavemen in drag racers.

Cheap fuel is bad in many ways. Inefficient use of fuel is the real problem.

Some people appreciate comfort over MPG; and apparently supply and demand was never taught over there.

It's because Republicans are too stupid to realize that all oil goes on the world market and that flooding the market with US drilled oil would just cause the middle easterners to cut their own supply, thus raising the price back up.

:1orglaugh

thats exactly the point...

the Saudi Arabians could drill twice as much if they wanted right now - they just enjoy their profits now while saving for even higher profits in the future

drilling on US soil will not change the price at the gas station by one cent

The day that the Keystone pipeline is approved, the futures market will drive the price of gas down. Could Iran and Israel get into a war and drive prices back up... sure. Should we not attempt lower our dependency on other countries while providing jobs and strengthening our economy? Only if we listen to all of you guys in other country's trying to tell us what America should do. :2 cents:

nothing wrong with that - even though i think it would be truly american to be the first with new technologies instead of trying to go back in time by drilling for more oil to burn it in V8 engines.

what i am saying is: it will still not get cheaper - no matter where you get it from. because you dont make the price

btw - after laughing for a while - when you come over to Europe do yourself a favor and rent a Mercedes S-Class, BMW 7 Series or Audi A8 - any of them with a 6 cylinder diesel with 300+ hp. they do get at least 35 to 40 mpg and you surely dont want to tell me they are not comfortable.

your other snarky reply i am just going to ignore

Not everyone can afford those vehicles. To buy or maintain. My daughter just dumped her A8, that thing was fucking expensive to maintain. You could easily make house payments with the money spent on a tune up.

The futures market dictates the price of gas. Increased supply drives down futures prices. Look at the current price of natural gas as an example what happens to prices after several years of increased production and supply. Does it mean that gas will go to $1a gallon and stay there, no, but it doesn't mean that we shouldn't supply more of our own demand. I am all for new technology and green energy, but it has to be able to compete in the free market at competitive prices. What has been happening here is that our current President has been trying to make its price competitive by pouring billions of tax payer dollars into its development while cutting oil drilling and supply (Keystone Pipeline) to drive up the price of gas. All for the sake of kissing the asses of his environmental supporters. I am all for letting the free market develop it all, providing jobs and economic growth. The competition between them will help drive each others price down. And for you information I drive a Honda Civic and my wife drives a Honda CR-Z hybrid. :winkwink:

what - no american cars? :winkwink:

this could go on for a while but i still dont think that you can blame Obama for the global oil price. because that one pipeline doesnt make a difference in case in Saudi Arabia they decide to up their production by 10%. which they could. if they wanted to.

Woah, is that what this is about? Obama?

I would say...there is only one way to find out isn't there?