Barack Obama - What a surprise!
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@lapx said:
If they could change anything why aren't they changing gas prices now. Are not these guy's already in office? We still have a president and congress. Why do they have to wait to be president before change happens? Everyone wants lower gas prices, right. That would be a welcomed change now!
Uhhh...neither Congress nor the President set the price of a barrel of oil or any commodity for that matter. They can impose tariffs and such to artificially alter the cost but that's it.
The price of oil (and gasoline as a derivative) is based on basic supply and demand with a little weak dollar thrown in for good measure. I'd have to say that if the dollar were as strong as it was 2 years ago, oil would be at $80/bbl.
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You actually made my point. Not a darn thing they can do about it. But you must know that the market these day's is more about perception vs reality. There is alot of speculation about what might happen that's driving the market up vs actual supply/demand of oil.
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I'm not clear on how I made your point, but I agree that perception often trumps reality in these matters. Supply-Demand still rules the roost IMO.
China and India are HUGE "demanders" of energy right now. I read that if China were to consume oil at the same per capita rate we do, they would soak up the world's total production supply. Before that day comes, we better find some alternative sources.
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India and china are large consumers based on their populations sizes, they are nowhere remotely close to our per capita usage yet.
See link below of recent numbers:http://www.nationmaster.com/graph/ene_oil_con_percap-energy-oil-consumption-per-capita
We like the role as 'world leaders', thus I believe instead of trying to curb the emerging markets from increasing their usage we need to be leading by example and curb our own usage...but then again that will never happen as our whole political system is based on these large companies.
Here are the total usage based on total population.
http://www.nationmaster.com/graph/ene_oil_con-energy-oil-consumption
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My Lord, what the heck does the Virgin Islands do to consume oil at 3 times the rate as the next highest per capita consumer????
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Just learned on TV that Obama has 1,500,000 small financial
contributors. This is good news from my point of view
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@bellwells said:
My Lord, what the heck does the Virgin Islands do to consume oil at 3 times the rate as the next highest per capita consumer????
It caters to 2.6 m (mostly American) tourists.
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@alan fraser said:
@bellwells said:
My Lord, what the heck does the Virgin Islands do to consume oil at 3 times the rate as the next highest per capita consumer????
It caters to 2.6 m (mostly American) tourists.
Ahh, this does make sense. That many tourists, as a ratio to the native population, can really skew the numbers I guess.
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