tag:blogger.com,1999:blog-8752611264465083204.post8935853690080663793..comments2024-03-24T17:01:24.541-04:00Comments on Crazy Eddie's Motie News: AAA and ABC News declare end of gas below $3.00Pinku-Senseihttp://www.blogger.com/profile/16247618351725715844noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8752611264465083204.post-53700781685877077832014-11-03T20:08:56.396-05:002014-11-03T20:08:56.396-05:00Gas prices have finally decreased, but that was as...Gas prices have finally decreased, but that was as much due to decreased demand in Europe and Asia and Saudi Arabia deciding to get out of the way of a falling knife as it was about increased U.S. production. It reminds me of 1998, when prices fell because of similar circumstances, namely a recession in Asia while the U.S. was undergoing expansion. The low prices will probably last about as long, too. Enjoy it while it lasts.Pinku-Senseihttps://www.blogger.com/profile/16247618351725715844noreply@blogger.comtag:blogger.com,1999:blog-8752611264465083204.post-32277659984036258842013-07-22T21:08:50.701-04:002013-07-22T21:08:50.701-04:00Yes quite a twisted sister of a report. But not t...Yes quite a twisted sister of a report. But not totally twisted; the end was good. <br /><br />A tanker of oil keeps everyone on the road for a <b>whole hour and a half</b>. <br /><br />Whoooopeeeeee--doooooo <br /><br />I wish that had gotten more play. <br /><br />The idea that there should be blame for high gas prices by implying that a doubling of domestic production should have lowered lower prices at the pump is erroneous.<br /><br />"Five years ago, we were importing 10 million barrels a day, but at $50 a barrel. Now we're at 8.4 million barrels, but at prices over $100 a barrel." - <a href="http://www.npr.org/2012/04/11/150444802/where-does-america-get-oil-you-may-be-surprised" rel="nofollow">Energy expert Robert Rapier</a><br /><br />A doubling of domestic supply might have lowered prices but the increase in domestic production is offset by a decrease in imports. A shell game in the oil supply with 'outrageous prices' thrown in to make it newsworthy (<i>otherwise people wouldn't watch</i>). But is it really news or part of a campaign to get the public comfortably resolved to paying high prices?<br /><br />I only suggest the question be pondered. Not that a shifting sources in the oil supply isn't really news; to some it certainly is. But what was the real purpose of that news clip?<br /><br />I'm asking myself that question a lot these days. It's habit forming.k-doghttps://www.blogger.com/profile/11788296863763985663noreply@blogger.com