Pemex prices

Probably for the same reason that I still wear a watch. Inquiring minds...and all that stuff.

First, for Bajalou. Although there is a national price control on Pemex, the border regions have some slack, simply because they want to discourage Americans from crossing the border just to buy gas.

That said, right now, there is absolutely no shortage of crude or of refined gasoline in the US.

Fact is that this past year, the US exported a boatload of petroleum to foreign customers.

We are caught in a situation where crude prices and refined prices are being manipulated by "gamblers" on Wall Street for their own personal profit.

Anyone who followed the proposed Keystone pipeline project that was nixed by Obama ought to know that this Canada to Texas pipeline was designed to ship crude from Canada to Texas, where either refined or not, it was to be shipped to foreign markets. None of that Canadian crude was earmarked to the US market.

Enjoy!

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Originally posted by David K American crude to American refineries... watch the gas prices (and everything else) drop! Drill baby, drill... We can say no to Middle East and Venezuela oil!

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Originally posted by David K Quote: Originally posted by Bajahowodd Quote: Originally posted by generubin Let's nationalize USA oil (they are mostly taking oil from our public lands anyway) use the profits for health and education and at the same time lowering gas to $2.75 and diesel to $2.89. Those oil companies pay no taxes in the USA, are heavily subsidized by the taxpayer. Take a lesson from Mexico for once! First, for Bajalou. Although there is a national price control on Pemex, the border regions have some slack, simply because they want to discourage Americans from crossing the border just to buy gas. That said, right now, there is absolutely no shortage of crude or of refined gasoline in the US. Fact is that this past year, the US exported a boatload of petroleum to foreign customers. We are caught in a situation where crude prices and refined prices are being manipulated by "gamblers" on Wall Street for their own personal profit. Anyone who followed the proposed Keystone pipeline project that was nixed by Obama ought to know that this Canada to Texas pipeline was designed to ship crude from Canada to Texas, where either refined or not, it was to be shipped to foreign markets. None of that Canadian crude was earmarked to the US market. Enjoy! The Rest of the Story... The massive oil fields discovered in North Dakota would be tapping into the Keystone Pipeline for a SAFE transport to American refineries in Texas.

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Originally posted by SFandH Quote: Originally posted by David K American crude to American refineries... watch the gas prices (and everything else) drop! Drill baby, drill... We can say no to Middle East and Venezuela oil! No, no, no, no Mr. Sunshine. I mean, Hayzeus Creesto, ya got it all bass ackwards. Here ya go: After declining to levels not seen since the 1940s, U.S. crude production began rising again in 2009. Drilling rigs have rushed into the nation's oil fields, suggesting a surge in domestic crude is on the horizon. The number of rigs in U.S. oil fields has more than quad­rupled in the past three years to 1,272, according to the Baker Hughes rig count. Including those in natural gas fields, the United States now has more rigs at work than the entire rest of the world. "It's staggering," said Marshall Adkins, who directs energy research for the financial services firm Raymond James. "If we continue growing anywhere near that pace and keep squeezing demand out of the system, that puts you in a world where we are not importing oil in 10 years." So you see, oil production has been increasing since 2009 and so have gas prices!!! And, because of the recession, we're burning less of the stuff in our cars and trucks. Supply up (good ole US supply to boot), demand down, and we have higher prices at the pump. It can't be!! Clearly we need to shut down oil production and increase demand to bring gas prices back down. (that's a joke folks) Or, maybe there's a bit more to the oil business than "spill baby spill" oops I mean, well you know. http://www.chron.com/business/article/U-S-oil-gusher-blows-o... [Edited on 3-17-2012 by SFandH]

They re-invented the Yugo? Maybe Obama and crew will ride off into the sunset on/in 'em.

Nope, amigo. This will be a well-recognized Focus.

"Red Chinese". How anachronistic can you get?

The simple fact is that the petroleum market IS international. Prices are often artificially impacted by speculators.

But, if we all of a sudden became the most petroleum rich country on the planet, it would have little effect on pump prices. Because the corporations would continue to sell its product to the highest bidder.

Just as the Keystone project was design to ship petroleum to Texas for shipment offshore, and so much of our Alaskan crude is shipped to Asia, the simple fact is that we must develop alternatives as well as much more efficient vehicles.

With gas selling for $8-$10 dollars a gallon in Europe, you might note that they learned to cope with smaller cars, public transportation, Etc.

I just noted that as a result of the Gulf spill and its liability, BP will be selling its ARCO refinery in SoCal as well as its retail stations.

Just reminds me of what Big Oil has become. If you recall, the original ARCO was the combination of Richfield on the West coast and Atlantic on the East coast.

So many fewer players and those few players are in an international market.

Any idiot running for office this year claiming to retsore $2.50 per gallon gas is delusional or a flat out liar.

Unless massive changes are made by federal law, we will continue to be hostage to Big Oil and its cronies.