Democrats say high price oil is not a supply and demand issue,?

Democrats say high price oil is not a supply and demand issue, so drilling is not necessary. Yet they want to release 70 million barrels of emergency reserve to help prices come down. Isn't this a contradiction?Democrats say high price oil is not a supply and demand issue,?
The price becomes a matter of what the customers will bear, but now the price seems regulated by speculators. If we could drill for this country, not send it overseas, and have it produced in this country, the price could be forced down.It won't get to $1.00 per gallon again, but it might drop a bit.If they do get the oil reserves released, How are they going to replace those assets? with high priced middle eastern prices, then we are back to square one.Democrats say high price oil is not a supply and demand issue,?
The oil companies say that its not supply/demand either. And no, Im not a democrat.





*Republican* Newt Ginrich said ';Release %50 of the strategic reserves to knock out the speculators';, who are obvioulsly to blame for most of the price increases.





We have to get our facts straight.





Dump 1/2 the strategic reserve. It will knock the pants off many of the speculators. We still have plenty.





(Great question, you might consider leaving the 'partisan' stuff out, and focusing on the topic, though!)
Did you think the rise in price was due to an increase in demand since this morning? Or that prices declined because Bush said hes going to allow drilling?


Or that they rose again when a hurricane is forecast?


Or that Oil made their profits while looking to increase production so we can have cheap oil?


I don't know who is so simpleminded that they can think that way, but its obvious some do.


Every now and then I suppose you throw some crumbs to the birdbrains.





Oil is never going to be cheap again. Not if we sell the country right out from under us to foreign oil companies.


Which is what we do, please examine the owners and shareholders of the oil companies. Everyone of them that isn't nationalized, is owned by multinationals.
Actually, with oil it's a little more complex than supply and demand. There is the cost of drilling oil. To drill locally, as deep as the American oil reserves are, will cost about 7$/gallon to get to our gas tanks. So, it will not make the gas any cheaper, unless we heavily subsidize the oil industry, even more than we currenly do. (Actually, the amount we taxpayers subsidize the Oil industry amounts to about 3$ at the pump as it is... so we're closer to that 7$ mark than most people realize)
The entire issue is starting to sound a lot like ';give the oil companies what they want, or they will continue to raise the price of gasoline';.





Meanwhile, it seems pretty obvious that the bulk of the high prices are landing squarely on their bottom line.





The FBI has a lot of lawyers and accountants working for them. Maybe it's time to take a good hard look into what is ACTUALLY going on before ';appeasing'; the oil barons.
Not really. the reason the prices are up isn't about supply and demand, but injecting a larger supply will bring it down by virtue of the rule of supply and demand.





The quick-fix isn't related to the actual problem, which is why it won't last very long, but it will work for a small period of time.
Its not, its a futures issue. Drilling (or even planned drilling) on the outer continental shelf will drive the futures market back down. More barrels of oil on the market will do nothing... except get some people to believe the Dems. care about them.
Speculation won't stop regardless. The fact that most sellers want to trade in Euros, is the problem. If you were selling a product in strong demand; would you sell for bushbucks whose value is dropping like a stone.
Not really, it's the psychological impact.





The current oil price is artificially inflated, maybe by around $40-$60 per barrel.
Forget the fact that most hardworking low income families cannot even afford to fill up to drive to work each week...there are caribou having babies in ANWR for Christsake!!!
They want to release oil from our national reserves to avoid the issue of having to vote on off-shore drilling.
I think they are conceding that point now. Their argument now is all about the leases and they're wrong on that point as well.
I am not democrat and I am not republican and I think that speculation is the problem.
No, just taking the specualtion out of the market.
Democrats are supporting Obama for the next president. Need I say more?
most definetly
Not to a Democrat who would not see the logical ties to both.
Yep.
Yes, yes it is.
I saw what your talking about and I really don't care which party is right as long as I can get cheaper gas.