pstarr wrote:The EIA just concluded that high oil prices are a function of the supply/demand equation..
It took a blue ribbon panel to figure that out?
Monetary inflation is another factor though, but at the core is peak oil combined with rising Asian demand -- then the speculators pile in with the free money they get handed from the Federal Reserve.
I suppose it is reasonable to conclude that the Obama and his Evil Democrats are guilty of the supreme evil; the TRUTH.
Well they're not really saying "the truth."
The truth is is that we're now at the short end of the globalist free trading bullsh*t stick. The truth is that Repubs and Dems have both sold the nation out with these past decades of offshoring and the bill has come due. The real truth is, "get ready to live like Chinese."
Obama can't really come out and say that, so he just says "it's a world market," and "the Chinese want that oil too."
This is definitely a marked difference in presidential response to high gas prices. I remember Bush, he went over to Saudi and begged and begged -- but didn't come home with any more oil.
So now Obama, this is a change basically it's "what can you do, that Indian in Punjab who took your job wants a car." Meanwhile Obama is pushing a Pacific-wide NAFTA, gee thanks let's really kick America while she's down.
To be clear, Mitt Romney is no alternative -- what Obama has been doing are REPUBLICAN polices. Republicans and corporatist Democrats, they're are *exact same thing*, they're globalist free trade dealing offshoring capitalists.
I get so tired of the YAP CLASS blaming anything but peak oil.
I agree. I've been noticing some recognition of peak oil, just read an article that mentioned "oil supplies that can barely keep up with rising world demand." They don't come out and say the words peak oil but it means the same. Funny thing by the way is that demand in the US is DOWN BIG TIME and yet the prices keep climbing.
I think the US is heading for a Greece situation, where we'll be suffering and suffering but nobody really cares -- it's a Chinese century now, their demand will continue to rise even if we Americans are all pushing rickshaws. There's nothing we can do, no matter how much we cut back demand will keep growing from the rest of the world, as Obama said "it's a world market."
Romney wants that keystone pipeline but guess what -- the oil would still be exported.