Originally Posted by jungle (Post 340882)

Have you been watching the markets lately? Someone farts wrong and the markets go to pieces............. I've started cutting back watching CNBC since it's so damn depressing every day. The oil traders are in heaven while everyone else seems to be in hell or at least on their way. There's excuses every day as to why oil should continue to rocket skyward, and most of them are bogus to say the least. We're beginning to price ourselves out of the market. Seems like the last few years have watched America plunge off a cliff with no bottom in sight while our government comes back with brilliant statements such as "we're just in a little slowdown, but everything is fine"...................yeah, right.

This may come as a shock, but governments can't control the markets. They may levy taxes which makes everything more expensive, but their ability to control the price of a given commodity in World markets is nil.

It is up to the Airlines to make the bottom line black, the government skims 25% off the top of every ticket, the rest is up to the individual companies.

Originally Posted by Eric Stratton (Post 341322)

I may be wrong but aren't certain energies regulated like gas (natural) and electricity. if the government doesn't hold any responsiblity what's with the energy commissions meetings that cheney wouldn't release to the public. something about being of national security and not our business.

Originally Posted by Eric Stratton (Post 341322)

I may be wrong but aren't certain energies regulated like gas (natural) and electricity. if the government doesn't hold any responsiblity what's with the energy commissions meetings that cheney wouldn't release to the public. something about being of national security and not our business.

Originally Posted by jungle (Post 341392)

You are wrong, the FERC consist mainly of oversight functions to regulate fair trade within the US. They do not control the world market price of anything.

http://www.ferc.gov/

Now perhaps you have a cite for your accusation that certain factors are withheld, and perhaps you could explain your claim that the government is withholding energy data. You may want to invest in tinfoil futures, so that you may fashion the headgear so commonly recommended for conspracy theorists.

Originally Posted by jungle (Post 341392)

You are wrong, the FERC consist mainly of oversight functions to regulate fair trade within the US. They do not control the world market price of anything.

http://www.ferc.gov/

Now perhaps you have a cite for your accusation that certain factors are withheld, and perhaps you could explain your claim that the government is withholding energy data. You may want to invest in tinfoil futures, so that you may fashion the headgear so commonly recommended for conspracy theorists.

Oh, I see what you are talking about: http://www.msnbc.msn.com/id/4830129/ this from 2004. A bunch of aging hippies in the Sierra Club were miffed about not being filled in on the details of potential future drilling activity. Old news, it went nowhere. In the meantime you may have noticed the current admin isn't running again.

Originally Posted by Deez340 (Post 341399)

It's called executive privilege. It's not new. It would set a horrible precedent if any conversation with a member of the executive branch would automatically be a matter of public record. No President or Vice President would ever be able to solicit candid input from industry ever again. Go look for black helicopters and the tri-lateral commission somewhere else.

Originally Posted by Eric Stratton (Post 341517)

who said anything about "any conservation"

this administration would never do anything that is shady :rolleyes::rolleyes::rolleyes:

Originally Posted by ewrbasedpilot (Post 341299)

I guess these are the same guys putting up the numbers at the local gas stations too? Seems they are almost at $4 a gallon down where I live. I guess someones filling my tank with propoganda when I spend $60 to fill my tank on my SMALL car.................:rolleyes: I get tired of hearing about the "asleep" at the wheel fuel hedgers. First off, do YOU know what the price will be of jet fuel in a month? A year? Two years? If so, you might want to get in the business. If we hedged at $100 a bbl now and the price dropped to $70, you'd be complaining that some idiot didn't do his homework in the hedging dept. Then again, if oil went to $150, you'd say he was a genius. My point is, is that it's very expensive to hedge, but even moreso if you're wrong. Are you willing to make that bet? Wanna bet your career on that kind of decision? I don't have to have bad news pounded into me, I'm seeing it EVERY DAY lately...............

Originally Posted by jungle (Post 341539)

Lots of cute inuendo, but you sure came up short on the facts. FUD is the phrase you may be looking for.

Let's face it, our national energy policy has always been one of reaction brought about by crisis. Until enough people have to wait in line for fuel or some major international crisis occurs, nothing moves the status quo. If you think your favorite political demi-god is going to control world oil prices you are in for a shock.