Posted By: budz76 on January 10 2013 at 10:56:00 PM
WRONG, we don't have a revenue problem, we have a SPENDING problem.
BTW, Isn't this a forum about SPRINT CARS AND RACING?
I am a taxpayer and a Sprint Car fan and believe I qualify to speak to both issues. I will be seeing a lot of races in spite of the looming price of gas. As for politics... Not the place but I believe the price of gas has not gone up, but the Govt. has printed so much $$$ that it takes more of them to buy the same gallon! Done.
This message was edited on
January 11, 2013 at
04:59:31 AM by BIGFISH
The Republican Party seems to think Americans are stupid and will not dig into the “facts” that they spew. This is especially the case with oil drilling, exploration and so called energy independence.
The Republicans have told the American people that we need to drill for more oil, build refineries and build pipelines all in the name of energy independence.Yet as CNBC pointed outin December of 2011, the United States is EXPORTING more refined fuel, gasoline, than it imports for the first time in 50 years.
“For all refined petroleum products, the U.S. in the first 10 months of 2011 exported 848 million barrels and imported 750 million. Lipow said he believes this if the first time since World War II that the U.S. will be a net exporter of refined petroleum products, but government data on the EIA website only goes back to 1973.”
So, why are gas prices increasing across this country? Why are we still at about $3.30 a gallon when we are exporting more now than we did under Reagan, Bush, Clinton or Bush Jr.? We were told by the Republicans that drilling a refining will decrease the cost of oil and bring us to energy independence.
I have reported before, that oil is sold on the global market. This includes oil drilled and extracted here in the United States. Every drop of oil is sold on the Chicago Mercantile Exchange, so if we increase oil production in this country, the ONLY people that benefit are the sellers of the oil. Rather than selling 1 million barrels a day, they end up selling 1.5 million barrels a day.It doesn’t decrease the cost of oil or gas.
In the CNBC report it stated, that the U.S. exported 1.07 million barrels a day of distillates, which includes diesel fuel, double the 557,000 barrels two years ago and up from last year’s 870,000 barrels.
.
Today I'm paying $2.99 a gallon here in Prescott AZ. See ya at Canyon for the Winter Challenge
Posted By: BIGFISH on January 11 2013 at 03:26:49 AM
The Republican Party seems to think Americans are stupid and will not dig into the “facts” that they spew. This is especially the case with oil drilling, exploration and so called energy independence.
The Republicans have told the American people that we need to drill for more oil, build refineries and build pipelines all in the name of energy independence.Yet as CNBC pointed outin December of 2011, the United States is EXPORTING more refined fuel, gasoline, than it imports for the first time in 50 years.
“For all refined petroleum products, the U.S. in the first 10 months of 2011 exported 848 million barrels and imported 750 million. Lipow said he believes this if the first time since World War II that the U.S. will be a net exporter of refined petroleum products, but government data on the EIA website only goes back to 1973.”
So, why are gas prices increasing across this country? Why are we still at about $3.30 a gallon when we are exporting more now than we did under Reagan, Bush, Clinton or Bush Jr.? We were told by the Republicans that drilling a refining will decrease the cost of oil and bring us to energy independence.
I have reported before, that oil is sold on the global market. This includes oil drilled and extracted here in the United States. Every drop of oil is sold on the Chicago Mercantile Exchange, so if we increase oil production in this country, the ONLY people that benefit are the sellers of the oil. Rather than selling 1 million barrels a day, they end up selling 1.5 million barrels a day.It doesn’t decrease the cost of oil or gas.
In the CNBC report it stated, that the U.S. exported 1.07 million barrels a day of distillates, which includes diesel fuel, double the 557,000 barrels two years ago and up from last year’s 870,000 barrels.
.
Today I'm paying $2.99 a gallon here in Prescott AZ. See ya at Canyon for the Winter Challenge
Look at your state tax on Gas!
Bingo! I remember a stat on the shale oil in ND that the global price has to be at a certain level for it to be profitable. I work for the railroad and we're heavily involved in hauling it down to the refineries so they float info about it to us from time to time. Right now gas is under $3 per gallon where I'm at and nobody is blaming Obama. A few months ago leading up to the election that's all we heard, that gas prices were all his doing. The crazy batsh*t congresswoman in my district, you know the one I'm talking about, promised $2 per gallon gas. Not taking sides in this deal, just saying (a) that the global market dictates the price of oil extracted from our soil (b) that politics and invisible sky fairies, guns and whatever else people like to spout off about in these threads aside I can't afford to chase race regardless of the perceived reason. Kind of goes back to personal responsibility in a way, I just got a doctor bill the other day, I should have taken up medicine and I'd be able to go to as many races as I want. Coulda, shoulda, woulda, I'm still SOL at the end of the day so I'm keeping my comments to the issue at hand. How am I going to handle high gas prices this coming summer.
Posted By: BIGFISH on January 11 2013 at 03:26:49 AM
The Republican Party seems to think Americans are stupid and will not dig into the “facts” that they spew. This is especially the case with oil drilling, exploration and so called energy independence.
The Republicans have told the American people that we need to drill for more oil, build refineries and build pipelines all in the name of energy independence.Yet as CNBC pointed outin December of 2011, the United States is EXPORTING more refined fuel, gasoline, than it imports for the first time in 50 years.
“For all refined petroleum products, the U.S. in the first 10 months of 2011 exported 848 million barrels and imported 750 million. Lipow said he believes this if the first time since World War II that the U.S. will be a net exporter of refined petroleum products, but government data on the EIA website only goes back to 1973.”
So, why are gas prices increasing across this country? Why are we still at about $3.30 a gallon when we are exporting more now than we did under Reagan, Bush, Clinton or Bush Jr.? We were told by the Republicans that drilling a refining will decrease the cost of oil and bring us to energy independence.
I have reported before, that oil is sold on the global market. This includes oil drilled and extracted here in the United States. Every drop of oil is sold on the Chicago Mercantile Exchange, so if we increase oil production in this country, the ONLY people that benefit are the sellers of the oil. Rather than selling 1 million barrels a day, they end up selling 1.5 million barrels a day.It doesn’t decrease the cost of oil or gas.
In the CNBC report it stated, that the U.S. exported 1.07 million barrels a day of distillates, which includes diesel fuel, double the 557,000 barrels two years ago and up from last year’s 870,000 barrels.
.
Today I'm paying $2.99 a gallon here in Prescott AZ. See ya at Canyon for the Winter Challenge
Look at your state tax on Gas!
You keep quoting a report by CNBC, don't you realize that they are a leftist leaning opinion channel and of course they are going to be against the free market economy? I don't call CNBC a "News Channel" because real reporters report BOTH side and let us make up our own minds.
I also agree with an earlier post that because this administration is printing so many dollars, the value of our dollar has dropped causing EVERYTHING to cost more. It's call inflation but I be you won't hear that word on CNBC either.
Posted By: budz76 on January 11 2013 at 06:58:52 AM
You keep quoting a report by CNBC, don't you realize that they are a leftist leaning opinion channel and of course they are going to be against the free market economy? I don't call CNBC a "News Channel" because real reporters report BOTH side and let us make up our own minds.
I also agree with an earlier post that because this administration is printing so many dollars, the value of our dollar has dropped causing EVERYTHING to cost more. It's call inflation but I be you won't hear that word on CNBC either.
Instead of watching FOX news for your info, use that thing in front of you to look up the facts and you'll find that the facts stated in that article are true. Now if you can dispute any of them lets see it! Truth is all you have to do it put in a few key words and you'll find those same facts all over the internet. Try it, you just might learn something.
Posted By: BIGFISH on January 11 2013 at 03:26:49 AM
The Republican Party seems to think Americans are stupid and will not dig into the “facts” that they spew. This is especially the case with oil drilling, exploration and so called energy independence.
The Republicans have told the American people that we need to drill for more oil, build refineries and build pipelines all in the name of energy independence.Yet as CNBC pointed outin December of 2011, the United States is EXPORTING more refined fuel, gasoline, than it imports for the first time in 50 years.
“For all refined petroleum products, the U.S. in the first 10 months of 2011 exported 848 million barrels and imported 750 million. Lipow said he believes this if the first time since World War II that the U.S. will be a net exporter of refined petroleum products, but government data on the EIA website only goes back to 1973.”
So, why are gas prices increasing across this country? Why are we still at about $3.30 a gallon when we are exporting more now than we did under Reagan, Bush, Clinton or Bush Jr.? We were told by the Republicans that drilling a refining will decrease the cost of oil and bring us to energy independence.
I have reported before, that oil is sold on the global market. This includes oil drilled and extracted here in the United States. Every drop of oil is sold on the Chicago Mercantile Exchange, so if we increase oil production in this country, the ONLY people that benefit are the sellers of the oil. Rather than selling 1 million barrels a day, they end up selling 1.5 million barrels a day.It doesn’t decrease the cost of oil or gas.
In the CNBC report it stated, that the U.S. exported 1.07 million barrels a day of distillates, which includes diesel fuel, double the 557,000 barrels two years ago and up from last year’s 870,000 barrels.
.
Today I'm paying $2.99 a gallon here in Prescott AZ. See ya at Canyon for the Winter Challenge
Look at your state tax on Gas!
To add to your point, here is an article from NPR. The US actually produces almost 40% of our oil needs and we are one of the largest oil producers in the world. Fox News always seems to want to make it sound like we get a majority of our oil from the Middle East when most of our imported oil comes from Canada and Latin America. We only get about 13% of oil from the middle east.
The biggest problem for the gas prices is simply greed from the oil companies. They make a record profit year after year dispite the "rising cost to produce oil" as they call it. They could charge us all $2 a gallon or less if they wanted to and the big executives could still have all 18cars that they own and 5mansions across the world but they choose not to. The raising gas prices are the main reason as to why the economy is where it is at. We need fuel for everything, to put into the tractors to produce food, the semi to transport it, our car to go to the store and get it and since the fuel costs go up, the price for food and all goods is up simply because of the transportation to get the products to us.
Look at racing, so many teams do not travel as much because not only the cost of transportation but because the parts cost more due to getting them from point A to B and also fueling the race car.
This message was edited on
January 11, 2013 at
10:49:08 AM by BIGFISH
Good points Nick14, and something else has just happened to those of us who drive down to Rocky Point Mexico (Sea Of Cortez) to fish and stuff, the price of gas there and for the first time, is more expensive than it is here in the States. But still and compared to most other country's, Mexico and the USA have much lower petrol prices.
Back to our gas...Why is this happeing? Follow the money. These practices by the oil oligopoly create U.S. oil scarcity. This market manipulation drives up gas prices and sells more oil on international markets at prices driven up by speculation. Result: increased profits.
Oil imports to the United States steadily decreased from 2005 through 2011, with U.S. exports steadily increasing by lots more. Current-trend projections show the U.S. will be a net oil exporter by around 2017. Incredible.
That has to be a shock for those who chant “Drill, Baby, Drill” and “Drill Here, Drill Now,” thinking more U.S. production will be used to reduce our gas prices.
Found this of interest over at www.gasbuddy.com. hope you enjoy!
GasBuddy News Article
44
votes
Saudi Arabia cuts oil output as US production grows, official says
Bangor Daily News -- MANAMA, Bahrain — Saudi Arabia, the world’s largest crude exporter, reduced production to the lowest in 19 months as booming U.S. output and recovering shipments from Iraq threaten to oversupply the global oil market, a Gulf official said.
Production fell 4.9 percent to 9.025 million barrels a day in December, according to the person with knowledge of the kingdom’s energy policy. The 465,000-barrel cut is the largest monthly drop since November 2008, when Saudi Arabia and other OPEC members slashed supplies amid a global recession.
Brent crude futures Thursday advanced as much as $1.53, or 1.4 percent, to a three-month high of $113.29 a barrel on the ICE Futures Europe exchange in London.
I LEARNED ESP FROM MY MOM
"PUT YOUR SWEATER ON: DON'T YOU THINK I KNOW WHEN
YOU'RE COLD?"
This message was edited on
January 11, 2013 at
04:08:20 PM by BIGFISH
A lot of the states create their own high gas rates... When I cross the state line into Cali going to Perris for instance, I can count on the gas being about 60 cents more a gallon come hell or high water than it is here in AZ, and it's because of their high taxes and fee's.
And it's set up so that if the people in Cali use less gas, the tax go's up!
California motorists will pay a gasoline tax of 35.7 cents per gallon for the period of July 1, 2011 through June 30, 2012, the State Board of Equalization determined February 23.
The rate is an increase of 0.4 cents per gallon over the current tax. Under the gas tax-sales tax swap approved by the Legislature in 2010, the board is required to determine annually a gas tax rate that produces the same revenue as the prior gas tax and sales tax on gasoline. (CalTax: Unless this swap is re-enacted this year, it will be illegal under 2010's Proposition 26. Governor Brown has included a re-enactment of the swap as part of his budget proposal.)
Posted By: BIGFISH on January 11 2013 at 04:07:13 PM
A lot of the states create their own high gas rates... When I cross the state line into Cali going to Perris for instance, I can count on the gas being about 60 cents more a gallon come hell or high water than it is here in AZ, and it's because of their high taxes and fee's.
And it's set up so that if the people in Cali use less gas, the tax go's up!
California motorists will pay a gasoline tax of 35.7 cents per gallon for the period of July 1, 2011 through June 30, 2012, the State Board of Equalization determined February 23.
The rate is an increase of 0.4 cents per gallon over the current tax. Under the gas tax-sales tax swap approved by the Legislature in 2010, the board is required to determine annually a gas tax rate that produces the same revenue as the prior gas tax and sales tax on gasoline. (CalTax: Unless this swap is re-enacted this year, it will be illegal under 2010's Proposition 26. Governor Brown has included a re-enactment of the swap as part of his budget proposal.)
New York is the same way. I recently made a couple of trips from central Ohio to the Buffalo area and the gas prices were around 40-50 cents higher as soon as I crossed the border from PA into New York.
Was 2.99 here Wed. went up 36 cents & right before payday, Dirty Bastards. Is kinda hard to travel anymore but hey I have Waynesfield & Limaland within 20 mins from where I live. We used to go to other towns within about an hr radius of us, shop & eat & so on but we don't do that anymore.
I think liberal democrats need to wake up and smell the coffee. I think conservatives need to pull their heads out of Hannity's ass and then they'll see more clearly. Now can we go back to the original posters question?
I made my first trip to Knoxville from Dallas this year. Had a great time. Went with three other guys and split the gas in my Rav4. I think it cost us around $65 each. Spent much more than that on meals and other things, so gas cost wasn't a big issue. If gas is a little more expensive this year, we'll still go again. I think gas prices are a small factor for most people. Unless you're towing a race rig or you have a huge RV, then it's just not that big of a deal.
