Raise Gas Tax?
- Thread starter Doer
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ChesusRice
Well-Known Member
simple facts? citation please because you don't have a clue as to what you are saying.
in addition to 35 permanent and a few thousand TEMPORARY, oil from canada will have nothing to do with setting the price of oil..even if it did where would it go?
DERP!
desert dude
Well-Known Member
You are wrong about the number of jobs as well as being utterly ignorant of basic economics.simple facts? citation please because you don't have a clue as to what you are saying.
in addition to 35 permanent and a few thousand TEMPORARY, oil from canada will have nothing to do with setting the price of oil..even if it did where would it go?
DERP!
Why do you think the price of a barrel of oil has declined by more than 50% in the last 6 months or so? Do you really think it was Obama's magic wand?
I am embarrassed for you.
http://en.wikipedia.org/wiki/Supply_and_demand
If demand remains unchanged and supply increases (supply curve shifts to the right), a surplus occurs, leading to a lower equilibrium price.
Supply curve shifts:
Main article: Supply (economics)
When technological progress occurs, the supply curve shifts. For example, assume that someone invents a better way of growing wheat so that the cost of growing a given quantity of wheat decreases. Otherwise stated, producers will be willing to supply more wheat at every price and this shifts the supply curve S1 outward, to S2—an increase in supply. This increase in supply causes the equilibrium price to decrease from P1 to P2. The equilibrium quantity increases from Q1 to Q2 as consumers move along the demand curve to the new lower price. As a result of a supply curve shift, the price and the quantity move in opposite directions. If the quantity supplied decreases, the opposite happens. If the supply curve starts at S2, and shifts leftward to S1, the equilibrium price will increase and the equilibrium quantity will decrease as consumers move along the demand curve to the new higher price and associated lower quantity demanded. The quantity demanded at each price is the same as before the supply shift, reflecting the fact that the demand curve has not shifted. But due to the change (shift) in supply, the equilibrium quantity and price have changed.
The movement of the supply curve in response to a change in a non-price determinant of supply is caused by a change in the y-intercept, the constant term of the supply equation. The supply curve shifts up and down the y axis as non-price determinants of demand change.
how the fuck is that even relevant? Are you completely missing my point?
SAUDI has the cheapest oil production costs in the world
SAUDI is lowering ppb
Shale is a secondary oil market
Tar Sands is a tertiary market
my comment was at least 20% less stupid than to the comment i was addressing.You are wrong about the number of jobs as well as being utterly ignorant of basic economics.
Why do you think the price of a barrel of oil has declined by more than 50% in the last 6 months or so? Do you really think it was Obama's magic wand?
I am embarrassed for you.
http://en.wikipedia.org/wiki/Supply_and_demand
If demand remains unchanged and supply increases (supply curve shifts to the right), a surplus occurs, leading to a lower equilibrium price.
Supply curve shifts:
Main article: Supply (economics)
When technological progress occurs, the supply curve shifts. For example, assume that someone invents a better way of growing wheat so that the cost of growing a given quantity of wheat decreases. Otherwise stated, producers will be willing to supply more wheat at every price and this shifts the supply curve S1 outward, to S2—an increase in supply. This increase in supply causes the equilibrium price to decrease from P1 to P2. The equilibrium quantity increases from Q1 to Q2 as consumers move along the demand curve to the new lower price. As a result of a supply curve shift, the price and the quantity move in opposite directions. If the quantity supplied decreases, the opposite happens. If the supply curve starts at S2, and shifts leftward to S1, the equilibrium price will increase and the equilibrium quantity will decrease as consumers move along the demand curve to the new higher price and associated lower quantity demanded. The quantity demanded at each price is the same as before the supply shift, reflecting the fact that the demand curve has not shifted. But due to the change (shift) in supply, the equilibrium quantity and price have changed.
The movement of the supply curve in response to a change in a non-price determinant of supply is caused by a change in the y-intercept, the constant term of the supply equation. The supply curve shifts up and down the y axis as non-price determinants of demand change.
Sorry Cheesy, that isn't true. When WTI crude was $120 a barrel, Bakken crude was selling at a large discount because of the transportation costs to get it to a refinery. It seems North Dakota only has two, together with the capacity to handle 80,000 barrels a day. Leaving nearly 920,000 barrels a day to just sit around? http://www.bloomberg.com/news/2014-12-03/sub-50-oil-surfaces-in-north-dakota-as-regional-discounts-swell.html
You want to move that oil by rail? That's gonna cost. Pay the Oracle.
UncleBuck
Well-Known Member
i guess the multiple independent agencies who all came to the same number of about 35 jobs are wrong, and you're right.
just like NASA has it all fucked up on AGW, but you have it all figured out.
also, skewed polls.
hiatus.