alnielsen

iTrader: (4)

It's not a liberal/conservative bias in this case. It's the simple fact that bad news sells. It catches your attention. It sells newspapers. It makes you watch that evening news show on television. All this creates more subscribers/viewers and generates more ad revenue. When was the last time you heard a news report of a cat being helped down from a tree? If you did, it would have been in the newspaper, buried on page 12.
Follow the money, it makes everything work.

dtorre

Also if no one knows oil went down to almost 80 dollars a barrel again then no one will question why gas prices are the same as they were when the barrels were valued at 100 dollars ...gas has been a constant $3.00 here ...the media is run by those who have important ties with those in the oil industry obviously they only feed you the news that will keep you happy......READ ALL ABOUT IT!! PAGE 1 BRITNEY BACK IN TRIAL!!!!


Awww gas the commodity priced as if it were a depleting resource....if only the world would wake up

Red Devil

Eh, I've seen 87 octane in Chicago from $2.75 to $4.00 in just the past year.

Not saying I'm happy about it - $4.00 a gallon last 4th of July was horrible. Just commenting that around here there is large amounts of fluctuation.

rotarygod

Since all of the media is very liberal (even Fox is liberal just not AS liberal) there really isn't much to debate on the topic. Therefore it's pretty obvious which train of thought is responsible for the lack of reportings.

Red Devil

You think some of the personalities our there, like Ann Coulter, are liberal, huh???

rotarygod

No but then again she's honest and straight forward. She's very smart and only hated by the stupid. She's only negative about liberals and that's the proper thing to be. She is absolutely not liberal. I don't get on her case for a lack of reporting because her job isn't to report the daily news.

Red Devil

http://www.amazon.com/Godless-Church.../dp/1400054206

So this would be a bastion of truth? William Bradford would have been proud, that's for sure.

She's intelligent at provoking argument and controversy. Her ethical arguments, even by Christian standards, are flawed.

r0tor

iTrader: (1)

bump because of it being the real truth.... http://www.senate.gov/~levin/newsroo....cfm?id=255275

alnielsen

iTrader: (4)

These prices that you see on the news are spot market prices. The majority of oil (and gasoline) futures aren't bought and sold that way. They are traded in blocks from 1 month to a year in the future. This stabilizes prices. The spot market is reported because, again, it makes news. Just Wednesday, I was working with the BP traders group. BP projects their needs/wants and tells their traders to purchase or sell what is needed for that time period. If the make a wrong projection, then they will have to sell or buy on that volatile spot market.

MyRXdrug

Political and media issues aside, we are addicted to oil; and the only reason we are complaining so much for gasoline is due to our lifestyles. Most (if not all) of our major cities are friendlier to the automobile then pedestrians. North American Urban design, lifestyles, are not sustainable and now that gas has reached a premium we want the politicians to do something about it. What can they do about it? Lower gas pump prices? Just band aid solution. We need to change our way of thinking, and our way of life.

Some days, I just feel like moving to a place that is self sustaining because honestly, who knows what the future will hold. Is this the worse it will get? Will a new technology be found so we can wean ourselves off oil? Even if a new technology was found, how efficient would it be? Would we run out of oil before it became a viable source of energy?

Red Devil

As I read your post, I was reminded of the story about General Motors going into cities - like L.A. - and purchasing and closing down all their public rail/trolley lines under dummy corporation names. Good read for anyone not familiar with it.

MyRXdrug

haha greed.

The root of most/all things gone bad in America. (yes i know blanket statement)

playdoh43

I rather see forces of globalization and open market embraced than fought against. fighting Adam Smith's invisible hand always end up hurting much more than it helps.
gas is still cheaper in the US than just about everywhere else in the world, I say bring on 7 dollar/gallon gas in line with what Europeans pay! That will force a new sense of urgency on companies developing new technologies and change people's way of traveling. "Creative Destruction" is a good thing in the long run.

fisherdn

Thank you. I am not a fan of Ann Coulter by any means, and I certainly am not often considered "stupid".

cliffkemp

Its all in the eye of the beholder. When the media starts talking about oil and gas prices going up, the next day or two, gas is up 5-10 cents. Here lately, no one has mentioned anything about oil prices and so it has gone down a little and staying around 2.82 here. As soon as it is mentioned again about going up, even up just a few dollars, it will hit 3.00+ again just as it did last time. The media just plays the drama game/card on people to get a reation. Whether it is war, celebs, or local violence, the media talks about what they think people want to hear as a "shock value" so that people will watch/read what they want you to.

alnielsen

iTrader: (4)

I did read an article about the price of gas going down about 50 cents a gal by summer due to over supply. The price of gas isn't driven by the media. The media is driven by the price of gas. You just normally don't hear reports about possible price drop.

You are contradicting yourself. On one hand you want free markets. Then you want to manipulate the price of gasoline.

SHOWOFF

I own and RX8 but I drive it once or twice a week and sometimes it sits for weeks on end without being driven. Daily my wife and I drive cars that get us more than 30 mpg. I would like to own an SUV of some sort that I can drive on long trips or when I go camping, but that would be all that it's used for.

People that drive around in a 9,000 lb H2 POSERMOBILE by themselves or ******* that drive a full sized 8 pass SUV to work each day burning fuel at 11 mpg are the ones that are wasting MY oil. Not to mention that you look like a fucktard driving something that big by yourself. My father in law has a new Expedition, when does he drive it? When they come to visit us from 5 hours away and they need space for family and luggage, if he has to pull his trailer, if he's taking the family to church. He drive's an Escape Hybrid around during the day and gets 34 mpg in the city with it. He bought the vehicle not because he was saving money, but because he was investing in the technology and wanted to make less impact on the environment.

I have changed my driving habits, each time a light bulb burns out in the house it's replaced with a new compact flourescant, we recycle EVERYTHING we can, I reuse my grocery bags, and so on. My wife and I are doing all that we can to lighten our footprint on the environment. I didn't do it because it was cheaper for me, I am doing it because it ******* makes sense.

playdoh43

not sure how you read it, but i meant bring on 7 dollar gas as a result of increasing global demand. not saying right now at this moment or through government tariffs

Red Devil

During the engergy crisis, Europe basically decided to try and control oil consumption by imposing heavy taxes. They figured this would drive down demand. The U.S., on the other hand, imposed regulations that demanded auto manufacturers meet ever increasing mpg standards.

Admittedly, this is a gross over-simplificiation of the events.

playdoh43

im aware of the crazy taxes europe has on gas that contribute to their higher prices. my position is that i dont mind gas price going up, the more it goes up the more incentive there is to get off this petroleum dependency. so as far as im concerned, more chinese and indian people buying cars and driving up oil prices is not a bad thing to me.

Red Devil

Oh...wait, do you think I'm allowed to use that smiley??? I mean, gosh darnit, anyone liberally minded in any way, shape or form has to be anti-American...

MP3Guy

If you're talking about the new $2500 car built by Tata, it won't be out till later thsi year0 but according to an article I saw on Autoblog, the anticipation for the car has sunk the second hand car market in India already

MP3Guy

With all due respect, this comment is devoid of logic. If you tune into Bloomberg or read any financial publication, you'll be swamped with data on oil and gas supplies, which by the way, constitute several different markets. It is possible for there to be a surfeit of refined oil products at the same time the market prices in a shortage of crude. Hence the disconnect. There's no "media conspiracy," which is the stuff of paranoia.

As far as Ann Coulter is concerned, she is a racist hatemonger, and a two bit demagogue. It's trash like that that's destroyed the political narrative in this country down to the nursery school level.

MP3Guy

This is what the America's political conversation has come down to- you disagree? Well, then, you're an idiot. Simple.

alnielsen

iTrader: (4)

Lets get this discussion out of the political (which is against the Rules of Conduct anyway) and back on the economics of oil.