Richest 1% own more than the rest of us: Oxfam

[Brain357]

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You've devolved to troll mode.

http://www.nytimes.com/2012/04/01/business/gas-prices-are-out-of-any-presidents-control.html?_r=0
Here is why: Oil is a global market in which America is a big consumer but a small supplier. We consume about 20 percent of the world’s oil but hold only 2 percent of the oil reserves. That means we are, in economics jargon, “price takers.” Domestic production has increased during the Obama administration, but it has had minimal effects on global prices because, as producers, we are just too small to matter much. And even if domestic oil companies further increased production, they would sell to the highest global bidder.

 

[Political Junky]

View attachment 60355

Funny, the Right approves of all that unless you're a Democrat.

 

[RoshawnMarkwees]

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You've devolved to troll mode.

You need to give some reason to believe the US can effect the price of gas other than you say so. We have seen the Saudis can, have never seen any proof the US can.

Fracking. Why do you suppose it dropped last year?

 

[RoshawnMarkwees]

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You've devolved to troll mode.

http://www.nytimes.com/2012/04/01/business/gas-prices-are-out-of-any-presidents-control.html?_r=0
Here is why: Oil is a global market in which America is a big consumer but a small supplier. We consume about 20 percent of the world’s oil but hold only 2 percent of the oil reserves. That means we are, in economics jargon, “price takers.” Domestic production has increased during the Obama administration, but it has had minimal effects on global prices because, as producers, we are just too small to matter much. And even if domestic oil companies further increased production, they would sell to the highest global bidder.

Wrong. We have more potential reserves and can impact supply as much as the Saudis. Fracking has already demonstrated that. The opening of offshore drilling in 2008 proved that. The reimposition of drilling restrictions driving the price back up has shown that.

 

[Brain357]

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You've devolved to troll mode.

You need to give some reason to believe the US can effect the price of gas other than you say so. We have seen the Saudis can, have never seen any proof the US can.

Fracking. Why do you suppose it dropped last year?

The Saudis want to slow the move to electric cars and hybrid cars.

 

[Brain357]

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You've devolved to troll mode.

http://www.nytimes.com/2012/04/01/business/gas-prices-are-out-of-any-presidents-control.html?_r=0
Here is why: Oil is a global market in which America is a big consumer but a small supplier. We consume about 20 percent of the world’s oil but hold only 2 percent of the oil reserves. That means we are, in economics jargon, “price takers.” Domestic production has increased during the Obama administration, but it has had minimal effects on global prices because, as producers, we are just too small to matter much. And even if domestic oil companies further increased production, they would sell to the highest global bidder.

Wrong. We have more potential reserves and can impact supply as much as the Saudis. Fracking has already demonstrated that. The opening of offshore drilling in 2008 proved that. The reimposition of drilling restrictions driving the price back up has shown that.

Then link anything that shows the small increase from fracking can effect the price of oil on a world stage. You just talk and back nothing up. The increase from fracking is tiny on a world stage. If we can effect the price it is on the consumption side. Like moving to more efficient cars.

 

[TemplarKormac]

So what's the plan to steal their private property this time?

I don't think it's about stealing private property, I do think that there is something fundamentally wrong with a planet where it has this 1% with more than the rest of what is it now, 7 billion people.

In the real world, we call this jealousy.

 

[TemplarKormac]

I find it funny, that we're complaining about wealth inequality here, but the poorest income earners here in the US make fat stacks compared to the less fortunate around the world.

Bunch of ingrates you liberals are. You don't know how well you have it here.

 

[the_human_being]

 

[Brain357]

I find it funny, that we're complaining about wealth inequality here, but the poorest income earners here in the US make fat stacks compared to the less fortunate around the world.

Bunch of ingrates you liberals are. You don't know how well you have it here.

We are all suffering from the slow economy caused by too much inequality.