Member since:
September 12, 2006

Drilling offshore just drove gas prices down to nothing!!!

October 30, 2008 10:43 PM EDT

views: 99 | comments: 8

Really, isn't that what we are seeing this week, with gasoline prices tanking down into the $2.20 to $2.50 range? Don't we owe it all to McCain and Palin, with their constant refrain of drill baby drill, go offshore, go to Alaska? They made it all get better just by TALKING about drilling!

huh, what's that? You're saying it has nothing to do with drilling offshore, because we would have needed years to get any oil that way? It's all because the speculators are now bidding oil DOWN instead of UP due to the fact that the world economy is slowing? You are actually saying that this entire phenomenon is an argument for the marketplace power of efforts to conserve fossil fuels on a planetwide scale?

What do you know, you probably think that the world is round and that climate change is caused by the burning of fossil fuel. Hush up you jerk, please let me be dumb but happy.

Tags: fossil fuel conservation, offshore drilling, the collapse of oil prices, the worldwide recession

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Comments: 8

Amy H. Oct 30, 2008, 11:28pm EDT

hahahaha

Thanks for posting your content to the Group: We comment back

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Steve B. Oct 31, 2008, 12:17pm EDT

Yep.... It's a psychological phenomenon - you know, like the recession (depression?). Nothing to do whatsoever with dramatically reduced demand. No.... It's all psychological - just like Phil Gramm said. But look on the bright side - you won't have to pay so much for gas to go to that job you no longer have. BTW, how's Exxon doing these days?

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Stephanie B. Oct 31, 2008, 12:44pm EDT

Boundless speculation drove the prices up artificially, DUH! And made Exxon Mobile obscene amounts of money in the process and we paid for it.

So, yeah, I don't buy it. Oil companies DO have an incentive to make us think the drilling's done the trick though, to try to convince us who we should be electing. If we do elect the drilling team, how much you want to bet they start to inch up again, speculation or no speculation?

Kind of makes me physically ill, these manipulative ploys.

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Jack E. Oct 31, 2008, 7:22pm EDT

lol they have not started any new drilling since the ban run out. More like decreasing demand is bringing the price down. When demand increases the price will go up Exxon needs their thirty billion quarterly profit or we will have to give them a bailout.

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