pam Posted February 23, 2012 Report Posted February 23, 2012 Fear of Iran is inflating gas prices - Feb. 23, 2012But the biggest factor by far, say analysts, is fear that tensions with Iran will lead to an all-out war that causes a disruption in oil supplies. Curious as to what your thoughts are on this. Quote
zenbones Posted February 23, 2012 Report Posted February 23, 2012 Or another reason could be the 2 trillion dollars of "liquidity" the Fed and other central banks have pumped into the capital markets in the past 3 months. Just sayin'. Quote
jerome1232 Posted February 23, 2012 Report Posted February 23, 2012 Unrelated in a way but, I'm glad I drive a bike which gets about 70 mpg right now. Quote
Blackmarch Posted February 23, 2012 Report Posted February 23, 2012 Fear of Iran is inflating gas prices - Feb. 23, 2012Curious as to what your thoughts are on this.gas prices are going to go up, no way around it unless we can figure out how to artificially mass produce oil as well as reduce the consumption of it. It's going to happen sooner or later.and ya its going to hurt. Quote
Traveler Posted February 23, 2012 Report Posted February 23, 2012 Fear of Iran is inflating gas prices - Feb. 23, 2012Curious as to what your thoughts are on this. We are very dependent on foreign oil. If we are drawn into a war with Iran - our foreign supply could be cut more than in half. I do not see any other option than the rationing of gas in the immediate future - if there is war in the middle east - and I would not bet against it.The USA has more than enough gas for our current consumption for more than 100 years but we will not develop it - too much control by environmentalists. We also have coal and natural gas reserves that are much greater but that will not help in the short term.Because of environmental concerns, laws and requirements we have not built any new oil refineries in the USA for almost 50 years. Our current refineries are obsolete, inefficient and expensive and in bad need of upgraded replacement with more state of the art - which is too difficult under current law. As a result oil must be exported from the USA in trade for refined oil products.If we started today to solve our oil problems it would take 15 to 20 years to put into place the necessary infrastructure for our economy to be able to grow without major inflation problems because of severer gas shortages. This is not a democratic party verses Republican Party issue - in fact it is most like mostly a Republican Party screw-up. Something few conservatives are willing to swallow so each party justly blames the other because they are both major contributors to the problem. I stated in another thread - what goes on in foreign countries are not the reason for our internal problems - it appears that such a stand upsets almost everybody. Yes - Iran is a problem but the external problem of Iran is not the 1,000 lb gorilla in the room causing the immediate internal problems - that if we do not deal with and solve - the Iran problem will not matter, near as much, one way or the other.The Traveler Quote
HoosierGuy Posted February 23, 2012 Report Posted February 23, 2012 Iran has nothing to do with higher gas prices. U.S. gas companies EXPORT gas out of the U.S. along with selling it in the U.S. They use any excuse to raise the price up. They are a disgusting businesses. We need the Fed. government to highly regulate the gas industry. Sell to the U.S. first at low prices, then sale to foreign countries. American grand-moms should not have to give a good chunk of their social security checks to pay their gas bills. Quote
Guest Posted February 23, 2012 Report Posted February 23, 2012 Iran to the store because I couldn't afford to drive. Quote
Blackmarch Posted February 24, 2012 Report Posted February 24, 2012 Iran to the store because I couldn't afford to drive.lol this reminded me of this: Quote
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