Gas Could Fall to $2 in 30 Days........

[Praxeas]

Originally Posted by Pressing-On

I agree with the article that speculation will just find a new home and I also agree that we would do better by increasing domestic supply. That, IMO, is the greatest issue and should have been started years ago when Bush wanted it done. Of course, the left tree huggers put a stop to that.

On the subjection of reining in consumer demand, that's a little hypocritical coming from someone that approves of speculating. They want us to rein in, but they don't want to curb it in their arena.

Suggesting ways to conserve while prices are high is okay, but not on the level that is being purported by Obama. I can be told the best ways to conserve electricity, but if I'm willing to pay for my consumption, then don't put restrictions unless it's a national emergency.

im skeptical that domestic oil will lower prices, at least by much. Oil Companies have so many different excuses and angels such as S&D...more driving during the summer so prices go up. More refineries going off line. And simply what is happening now, market speculation

[Jermyn Davidson]

Originally Posted by gloryseeker

I catch slack from Christians every time I say this, but "Who Cares." If we Christians who say, "God meets all my needs" would actually believe it we would find that the God Who paves His streets with gold can not only afford $4.00 gas, but He can afford $10.00 gas.


2 Pet 1:3
3 seeing that His divine power has granted to us everything pertaining to life and godliness, through the true knowledge of Him who called us by His own glory and excellence. (NAS)

Hey!!!! our God is bigger than gas, just believe folks!

You know, even when I homeless, God looked out for me When I got a place to stay and my car broke down many, many miles from home and I had to hitchhike, God looked out for me. Now things are much nicer, and God still and He will look out for me, because HE is good and faithful.

[Pressing-On]

Originally Posted by Praxeas

im skeptical that domestic oil will lower prices, at least by much. Oil Companies have so many different excuses and angels such as S&D...more driving during the summer so prices go up. More refineries going off line. And simply what is happening now, market speculation

Well, I made a huge typo in my previous post! lol It should read subject and not subjection. My normal typing faster than my brain is working. lol

I can agree with you that I am also skeptical, BUT I still want to drill our own oil from our own land. I don't want the dependence on foreign oil. I also want exploration and technology to expand in other areas as well. We can deal with the why and why nots, the high and lows later.

This is an excellent, more in depth, article on speculating.

http://www.bloomberg.com/apps/news?p...d=a2Tz_oqk9WfI

[Praxeas]

Originally Posted by Pressing-On

Well, I made a huge typo in my previous post! lol It should read subject and not subjection. My normal typing faster than my brain is working. lol

I can agree with you that I am also skeptical, BUT I still want to drill our own oil from our own land. I don't want the dependence on foreign oil. I also want exploration and technology to expand in other areas as well. We can deal with the why and why nots, the high and lows later.

This is an excellent, more in depth, article on speculating.

http://www.bloomberg.com/apps/news?p...d=a2Tz_oqk9WfI

It would be nice, but which company get's to drill and therefore reap the profits?

You know I read in Iraq that gas is under 1 dollar a gallon. Would Exxon sell us our own gas from American soil cheaper? I doubt it

[Rico]

Hmmm. I wonder if this is the same meeting I caught part of on C-Span the other day. Speculation in the market is what they were talking about.

[Pressing-On]

Originally Posted by Praxeas

It would be nice, but which company get's to drill and therefore reap the profits?

You know I read in Iraq that gas is under 1 dollar a gallon. Would Exxon sell us our own gas from American soil cheaper? I doubt it

Some friends of ours are in from Nigeria and are saying that gas is under a $1 there also.

How do they award the drilling contracts?

[Pressing-On]

Originally Posted by Rico

Hmmm. I wonder if this is the same meeting I caught part of on C-Span the other day. Speculation in the market is what they were talking about.

From the article I posted it appears to be up in the air and not totally proven that speculating is doing all that much hurt. At least that's what I gleaned from it.

[Praxeas]

Originally Posted by Pressing-On

Some friends of ours are in from Nigeria and are saying that gas is under a $1 there also.

How do they award the drilling contracts?

No bid contracts to friends like the ones to Haliburten?

[CC1]

Originally Posted by Pianoman

....If Congress Acts!!

http://www.marketwatch.com/news/stor...-10EE2E723948}




What do you think about this?

I heard on the news yesterday that some analyst is predicting oil at $200 per barrel by Christmas which would mean gast a $7 per gallon.

I am glad my wifes Linclon Town Car gets 25 mpg on the highway for trips! In the old days a full size car would have only gotten around 9 mpg.

[TRFrance]

Originally Posted by gloryseeker

I catch slack from Christians every time I say this, but "Who Cares." If we Christians who say, "God meets all my needs" would actually believe it we would find that the God Who paves His streets with gold can not only afford $4.00 gas, but He can afford $10.00 gas.

2 Pet 1:3
3 seeing that His divine power has granted to us everything pertaining to life and godliness, through the true knowledge of Him who called us by His own glory and excellence. (NAS)

Hey!!!! our God is bigger than gas, just believe folks!

I guess you're trying to express faith, which is admirable, I suppose. But your post still comes across as being overly simplistic and somewhat naive.

So if gas went up to $10 a gallon, we should all just shrug our shoulders and say "who cares"? Please. Lets get real here. The increase in fuel prices is not just an added burden on Christians, but it's a burden on all Americans.