Saturday 10 March 2012

Can Obama control gas prices?

High energy prices. American policy. Of economic uncertainty.

The customer is not the first time in front of changing cocktail. There is no quick fix for the first time or the experts said.

Expansion of the North American oil supply and political courage in the decision-making - the oil industry, however, rising crude oil prices and pump in one place the Obama administration to bite the pain can be reduced.

This policy, the Canadian oil sands to the coast of the Persian Gulf Keystone XL pipeline by expanding drilling in federal lands, or the opening of new areas, including the opportunity for the country's militia. One does not immediately increase the oil supply. In fact, from the Keystone XL oil-producing areas, or a year, most of - the limits of the feature.

However, such a policy is only the oil markets, quiet and prices ಕಡಿಮೆದರದಲ್ಲಿರಿಸಲು, Jack Gerard, the American Petroleum Institute, oil and natural gas industry in the Washington, DC-based lobby, announced that the president said.

Oil and gasoline prices at the time of the conference, reporters Thursday that he was to quantify the effect of a call for action. But recent historical evidence for this proposal has been developed.

Monday, 14 July 2008 back to Flash. On the benchmark West Texas Intermediate crude $ 147 a barrel price of oil was reached. President George W. Bush, the president on foreign continental shelf oil and gas deposits of the White House Rose Garden press conference to announce a ban in the afternoon.

However, by Thursday, an oil price of $ 16 a barrel can then be pulled - the first step in an epic collapse. Late in December, oil fell to $ 34.

This case is similar to the White House's aggressive influence of the energy markets, the decision has been made, he said.

Gerard said, "If the market can help the way - is clearly at a lower price pressure, - the resource for a wide range of its production is not serious".

Run up in oil prices, gasoline and driving, and closing and a little bit concerned, I agree to some extent, a loss of processing capacity, energy analysts. (In some areas at the end of day prices, AAA fuel gauge report on Thursday morning, for example, the average prices for the environment, on, St. Louis, Missouri, and continued to increase gasoline for $ 3.79 increased by $ 3.59. Prices because taxes are higher in Metro East.)

However, analysts in the direction of increasing the local production of crude and gasoline prices as soon as the controversy over the oil sector came to no decision.

In fact, with prices while in 2008 the Bush ban on drilling and training, low. With the increasing concern of the Senate Banking Committee, is to reduce demand in the market, Fed Chairman Ben Bernanke warned of economic growth and inflation risks in the response.

July 14, Bush announced a day of oil markets, but not budged. 17 years and one day decline - more than $ 6 in the fall, however, Bernanke said the next day. Department of energy markets and then, one day, gasoline and crude oil reserves have increased. Lower energy resources by the merchants. The more and more signs of wear, and oil, tumbled over the next two days, the other $ 10 is required.

The new supply just can not be less than the actual price for barrel of what was promised?

The analysts, contributors to American customers, the same reason.

"Most of America's oil production, gasoline prices are very low impact," Brian Youngberg, Des Peres, an energy analyst at Edward Jones said.

Reason: the crude oil market is global. World According to International Energy Agency, 90 million barrels a day, and demand from China and other developing countries is expected to maintain a. In contrast, a high level of oil production in the U.S. - more and less than 6 million barrels a day. At the same time, demand for gasoline has hit 11 year low.

Disputed by the Keystone XL pipeline, built by the United States, Canada, the largest supplier of oil, and, the country's share.

However, the pipeline, the less I am the customer, Bill OGrady, chief marketing techniques, and Webster Investment Management, said that any solution to blend with the trees.

Side of the consumer benefits, more pipeline capacity is not surprising to hear the pressure of the American Petroleum Institute.

They can bring in more cheap oil, because it is important from the Gulf Coast Oil Refiners Keystone XL. Canada and North Dakota in the Bakken Formation, and the opportunities, the existing Keystone pipeline, the oil throughout the whole, about 17 of the barrel of Brent oil in a high-quality, low cost.

But gas prices are currently more expensive than on Brent oil - less expensive, Oil Refiners can take advantage of the expansion means.

Brent oil prices in the purchase of the arrow is stuck because of a storage facility in Texas and Cushing's some of the cheap oil Refiners, centered in Louisiana, falls in a narrow. Refiners in the pipeline is not sufficient to feed the energy of the Gulf Coast. (Thus, many of the benefits of cheap oil, as some of the Midwest Refiners GLUT can be added.)

Texas coastal Youngberg, Edward Jones, is still on the estimate of Refiners in the price of a barrel to around $ 5 or $ 10 to help reduce the keystone link to differences in pleasure with the increase in supply is sufficient.

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