Militants fly their black flags over Iraq refinery

Discussion in 'Too Hot for Swamp Gas' started by dadx4, Jun 19, 2014.

  1. 96Gatorcise

    96Gatorcise Well-Known Member

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    http://money.cnn.com/2014/06/17/news/economy/gas-glut-iea/

    in the short term prices are going to go up but the future is expected to see a glut

    Despite rising slightly last year, U.S. gas demand will decline by about 1% a year for the rest of the decade, according to the International Energy Agency.

    "Tightening fuel efficiency standards for automobiles, and changing consumer preferences look set to send U.S. gasoline demand back on the declining course on which it embarked in 2007," the Paris-based agency said in its latest forecast published Tuesday.

    U.S. demand for gas alone accounts for about 10% of world oil consumption, and the decline will coincide with more ample supply, according to the IEA.
  2. candymanfromgc

    candymanfromgc Well-Known Member

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    Libs will be happy, fewer cars= less emissions =less global warming. Win win right. Nah, they will be upset that more people will get laid off and the price of everything will go up. but don't despair, the open borders mean those Honduran invaders can cut your yard almost for free. poor Barry, the most inept president ever.
  3. corpgator

    corpgator Well-Known Member

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    Higher gas prices are fine with me. Less people driving around by themselves means less traffic.
  4. geauxgator1

    geauxgator1 Well-Known Member

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    Fine by you, but what about the folks that just need to get to work and the higher gas prices will now cause more stress on their already bleeding budget?
    And of course the necessary rise in every other commodity that people need to have, as prices to manufacture, produce and move their products to market one every level also rise?
    Any realistic suggestions other than the usual nonsense of solar power, or nuclear energy, or some other unrealistic/unreliable alternative?
  5. corpgator

    corpgator Well-Known Member

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    What's wrong with nuclear? Too many bogeyman stories I guess. And people should pay for the negative externalities they create.

    If they can't afford the drive, they should move somewhere with better jobs that are closer. People are less mobile now then ever because they are afraid of taking risks and are too comfortable. We shouldn't artificially support low gas prices to ease their burden, though.
  6. VAg8r1

    VAg8r1 Well-Known Member

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    Nouri al-Maliki is not my Dear Leader. Maybe he is yours.
  7. HallGator

    HallGator Administrator VIP Member

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    Oil prices will rise no matter if we don't do anything or we do something. That's the volatility of being tied to the stuff. Unfortunately when the oil embargo ended in the seventies so did any real quest for a comprehensive national policy on energy needs.

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