On Tue, 20 Jan 2009 15:11:46 -0800, jps wrote:

On Tue, 20 Jan 2009 17:57:33 -0500, "JoeSpareBedroom"
wrote:

"Frogwatch" wrote in message
...
Do the calculation yourself and you will find that the drop of gas
from $4.00 to now $1.85/gal will save the USA about $500 billion over
a year. This is real money, not some government sleight of hand
accounting or taking money from our great grandchildren. The real way
to stimulate the economy is obvious, DRILL NOW. Of course, the Dems
have no real interest in helping average Joe American, they just want
to concentrate power in their hands. The appointment of Clueless
Caroline is obvious evidence that their interests lie with the moneyed
elite class and they will ignore the good of the rest of us. They will
not approve new offshore drilling.


When would the production from new drilling have a significant impact on the
price? I honestly don't know the answer, but I'm sure you have the number
handy.

And, prove that speculators wouldn't jack up the price of that new oil so it
was just as expensive as oil was a year ago.


Anyone with a brain knows that no matter when or where the crude would
be harvested, it'd make a several penny difference on pricing. Prices
are set by market makers and since any additional capacity generated
by the US would be an infintessimal percentage compared to world
supply/production, it'd make no difference. It's a red herring for
dolts.

What would affect gas prices is more refineries. The oil companies
don't want to build refineries (even tho' they've been ok'd) because
it'd take their ability to jack up prices on claim supply/demand
spikes. That's where they make $.

The other thing would be to restrict speculators (folks who don't
actually take delivery or own supply depots) to bid on the commodities
market.

That's what caused $4 gas, not supply/demand. Get an education
please.

Comments are directed towards Frogfart, not Doug.