NWI INGO General Post part 16

[d.kaufman]

Its all a bunch of s**t! Our gas prices should not go up. The US is the number 1 exporter of oil in the world.
Keep it here, screw exporting it, and keep our prices low

 

[KLB]

It isn't that simple apparently.
https://www.forbes.com/sites/rrapier/2017/09/30/why-the-u-s-exports-oil/#67d356403b07

 

[melensdad]

Its all a bunch of s**t! Our gas prices should not go up. The US is the number 1 exporter of oil in the world.
Keep it here, screw exporting it, and keep our prices low

Oil is a world market commodity.

Even if we don't ship ours overseas the price still goes up due to world demand. And while we export oil we also import oil too. We also export 'finished product' after it has been refined here, and most of that is not gasoline. There are many different issues, oil shale is only a small issue.

Further, if the government decides to "keep it here" then the government is interfering with capitalism in a very socialistic way. We really don't want that!!!

 

[tv1217]

So I found Led Zeppelin IV on vinyl at Wal Mart of all places.

 

[d.kaufman]

Oil is a world market commodity.

Even if we don't ship ours overseas the price still goes up due to world demand. And while we export oil we also import oil too. We also export 'finished product' after it has been refined here, and most of that is not gasoline. There are many different issues, oil shale is only a small issue.

Further, if the government decides to "keep it here" then the government is interfering with capitalism in a very socialistic way. We really don't want that!!!

I dont really se how its socialistic. Take the government control out of the equation. Oil drillers drill the crude. They then sell it to the refineries who then sell it to parts stores, gas stations, etc. Just keep it within our borders is all.

By the way oil is now up over $8 per barrel

 

[rosejm]

Attack on the Saudi oil fields. 5% of the worlds production is currently burning. Iran has been blamed, but claims to be NOT responsible. Possible Houti rebels? In any case, look for $100/barrel prices in the short term.

I'm waiting to see that it wasn't Iran, or the Houthis but the House of Saud itself. "Fired" one minister, and the new one decided that he didn't want to follow in his predecessor's path...

"I know, let's cause some disruption in the supply. Panic the world and surely the price per barrel will jump overnight!"

 

[melensdad]

I dont really se how its socialistic. Take the government control out of the equation. Oil drillers drill the crude. They then sell it to the refineries who then sell it to parts stores, gas stations, etc. Just keep it within our borders is all.

By the way oil is now up over $8 per barrel

Well the government would be the one to mandate that. The world market will take the oil.

 

[1775usmarine]

Picked up 110lbs of wheel weights for 35 at my local auto shop, and 105lbs of auto body solder consisting of 5 bars national lead co 111 and the rest Gardiner 30/70 rods.

 

[repeter1977]

Fog is still hanging around

 

[jedi]

Yup and it got colder.

 

[d.kaufman]

Blackhawks pre-season Hockey starts tonight!

I love this time of year for College football and NHL. Only bad thing that comes with CFB and NHL is the impending cold thats gonna settle in for the next 6 months.

 

[chef larry]

Yup and it got colder.

Poor NIPSCO won't get some of our money for A/C in the house.

 

[d.kaufman]

Poor NIPSCO won't get some of our money for A/C in the house.

They will here. To humid to open the windows today and have low to mid 80's thru Saturday

 

[Ballstater98]

Naked man with beer in hand evades police by vanishing in Region cornfield

https://www.nwitimes.com/news/naked-man-with-beer-in-hand-evades-police-by-vanishing/article_14aa3eab-b4a8-5b89-ab79-d29bf67a4946.html#utm_campaign=blox&utm_source=facebook&utm_medium=social

 

[KLB]

I dont really se how its socialistic. Take the government control out of the equation. Oil drillers drill the crude. They then sell it to the refineries who then sell it to parts stores, gas stations, etc. Just keep it within our borders is all.

By the way oil is now up over $8 per barrel

You apparently did not read the article I posted. Our refineries are not setup for that crude. We export it to places that are, and import the crude that the refineries are setup for.

 

[d.kaufman]

You apparently did not read the article I posted. Our refineries are not setup for that crude. We export it to places that are, and import the crude that the refineries are setup for.

I read it. Why not set the refineries up to process that crude? According to the article they were at one time. Zero reason it couldn't be done again. That end of it comes down to greed in my opinion. They can get this type of oil cheaper and sell at a higher profit margin is basically what i get from the article.
Im not saying every ounce of crude that we produce needs to stay within the borders. My thought is why do we have to be reliant on the global market. It is not necessary. Build the plants to refine the oil. Make the adjustments needed.
We need to quit being reliant on foriegn materials, no matter what they may be.

 

[aclark]

No ones stopping you. Free market and all.

 

[d.kaufman]

No ones stopping you. Free market and all.

Trust me I do as much as i can. Unfortunately there are some things you just cant buy that are made in America, but i make sure to try and buy as much American made as I can.
How about you? Since you felt the need to chime in

 

[KLB]

This is a conversation better left to the political forum.

Fog is dense out here. Visibility is under 1/4 mile.

 

[repeter1977]

Did not want to wake up this early morning. Dang snooze didn't work so catching train one later than usual. At least I won't be late.