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Re: House Passes Bill to Approve Keystone Over Objections From Obama 

By: zzstar in FFFT3 | Recommend this post (3)
Sat, 15 Nov 14 6:31 PM | 161 view(s)
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Msg. 04593 of 65535
(This msg. is a reply to 04591 by Zimbler0)

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You are uninformed.

The reason gas prices are down, is not only because of our record oil and natural gas production in the U.S., which has been in place for two years now, and the prices were still high, but because of how oil is traded, because of hedge funds getting out of oil, as well as oil companies facing lower prices and panicking.

It was just waiting to happen.

And they will stay low for at least 6 months to a year.

The effects of this on international politics, Russia, Iran, etc., will be huge.


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The above is a reply to the following message:
Re: House Passes Bill to Approve Keystone Over Objections From Obama
By: Zimbler0
in FFFT3
Sat, 15 Nov 14 6:22 PM
Msg. 04591 of 65535

Clo> Americans don't get cheap gas,


Clo,
You ever hear of the law of 'Supply and Demand' ?
Right now we have relatively cheap gas and oil because
the Suadi's have opened the taps.

Keystone will guarantee a supply of oil delivered
directly into American refineries. Increasing American
supply regardless of what the arab's do next.

Zim.


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