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Old August 7th, 2013, 06:53 AM
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Default Why does the price of my car gas continue to climb and discourage my travel activitie

I saw an article which stated a Saudi Arabian prince was warning that because of cheap shale prices in the US the Arabian economy was in danger. It also mentioned that the Arabians were cutting back on production of oil to force a price increase. What I don't understand is why the US government doesn't do more to reduce or stablilize gas prices.
I do understand the laws of supply and demand, but it seems that the federal government could do more. I also reallize that the states love to slap taxes on car fuel and this will not stop them. But I also see things like mandated ethanol additive fuel is jacking up the price of fuel.

If the environmentalists would work harder on the production of substitute
meat products and greater crop production through hybrid seed crops they could reduce the a source of air pollution the cattle herds of America.

I wouldn't be cruising to Egypt because of the terrorism activity so I will be traveling in the United States or on Carribean cruises from Florida, but the cost of gas is restricting the trips I will make.
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Old August 7th, 2013, 08:59 AM
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Some say that the higher prices discourages people from travel so much by car, which helps the environment. I don't know if that is the reason.

I also saw the comments of the Saudi prince, and what he is worried about is our use of fracking. Those states using fracking, are doing well with the economy, and their employment rates are low. North Dakota is a good example.

If we could open up the production of our resources, there would be plenty for not only for our use, but we could sale to other countries.
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Old August 7th, 2013, 09:31 AM
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Quote:
Originally Posted by Luanne Russo View Post
I also saw the comments of the Saudi prince, and what he is worried about is our use of fracking. Those states using fracking, are doing well with the economy, and their employment rates are low. North Dakota is a good example.

.
The Saudi Prince is worried because we won't be importing oil from the Middle East at the rate we used to.

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Old August 7th, 2013, 05:23 PM
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It doesn't matter how many holes we punch in the ground or how much oil we produce as long as oil futures are traded on the world market the gas prices will remain high.

These oil companies somehow need to be capped. We should not be exporting or importing oil either. The government could set a cap of $2.00 per gallon on gas and diesel fuel and the oil companies would still make money.
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Old August 7th, 2013, 05:32 PM
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[QUOTE=Truck Cruiser;1481563]It doesn't matter how many holes we punch in the ground or how much oil we produce as long as oil futures are traded on the world market the gas prices will remain high.

QUOTE]

That is something that I agree with. As long as investors continue to invest in oil futures we are at their mercy.

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