Comments on: Would Offshore Drilling Bring Down Gas Prices? http://www.peridotcapitalist.com/2008/06/would-offshore-drilling-bring-down-gas.html Stock market and investing blog published by Chad Brand, Founder/President of Peridot Capital Sat, 11 Feb 2012 23:26:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Al&amp;Bea http://www.peridotcapitalist.com/2008/06/would-offshore-drilling-bring-down-gas.html/comment-page-1#comment-915 Al&amp;Bea Fri, 04 Jul 2008 18:51:00 +0000 http://www.peridotcapitalist.com/?p=605#comment-915 You are going on the assumption that we are in a classic supply demand situation. That is ludicrous. Speculators impact both spot and, particularly, futures prices. The impact on pricing would be that supplies will increases at some point. Therefore, let's short oil!!!<br/><br/>A 200,000 bbl per day change has an extraordinary impact on pricing. You are going on the assumption that we are in a classic supply demand situation. That is ludicrous. Speculators impact both spot and, particularly, futures prices. The impact on pricing would be that supplies will increases at some point. Therefore, let’s short oil!!!

A 200,000 bbl per day change has an extraordinary impact on pricing.

]]> By: Anonymous http://www.peridotcapitalist.com/2008/06/would-offshore-drilling-bring-down-gas.html/comment-page-1#comment-914 Anonymous Thu, 26 Jun 2008 15:52:00 +0000 http://www.peridotcapitalist.com/?p=605#comment-914 Chad, saying that drilling offshore won't have an effect is missing the point.<br/><br/>1. "It won't have any measurable impact." Best estimates are 200,000 bbls/day from ANWR, for instance. How do you think markets would react if 200K/day in current supply went offline, due to a hurricane at a Mexican or Venezuelan field, or further unrest in Nigeria? The reaction would be at least a few dollars. So you can't have it both ways. <br/><br/>2. "It won't come online soon enough to matter." Then let's just stop sending our kids to school. Kindergarten won't help them until they're 18, so why bother? We invest for the future, which is further away than the Nov. 4 election (though much of the country seems to think otherwise). Chad, saying that drilling offshore won’t have an effect is missing the point.

1. “It won’t have any measurable impact.” Best estimates are 200,000 bbls/day from ANWR, for instance. How do you think markets would react if 200K/day in current supply went offline, due to a hurricane at a Mexican or Venezuelan field, or further unrest in Nigeria? The reaction would be at least a few dollars. So you can’t have it both ways.

2. “It won’t come online soon enough to matter.” Then let’s just stop sending our kids to school. Kindergarten won’t help them until they’re 18, so why bother? We invest for the future, which is further away than the Nov. 4 election (though much of the country seems to think otherwise).

]]> By: Bobby http://www.peridotcapitalist.com/2008/06/would-offshore-drilling-bring-down-gas.html/comment-page-1#comment-913 Bobby Thu, 19 Jun 2008 09:13:00 +0000 http://www.peridotcapitalist.com/?p=605#comment-913 Right on the spot!<br/><br/>American people have nobody else to blame but themselves and their government for what's been and what is going on. Right on the spot!

American people have nobody else to blame but themselves and their government for what’s been and what is going on.

]]> By: Rubens http://www.peridotcapitalist.com/2008/06/would-offshore-drilling-bring-down-gas.html/comment-page-1#comment-912 Rubens Wed, 18 Jun 2008 18:10:00 +0000 http://www.peridotcapitalist.com/?p=605#comment-912 The real problem is that Americans are used to a lifestyle that depends on cheap oil. Is $4 per gallon expensive? Yes, compared to last year's prices. Not at all if you compare to gas prices in other developed countries that are net oil importers. Gasoline is not subsidized in the strict sense, but has artificially low taxes. A couple of weeks ago I paid the equivalent of $8 a gallon in the South of France; prices in the UK are even higher. It's about time Americans stop wasting fuel and the government starts taxing gasoline like it should! The real problem is that Americans are used to a lifestyle that depends on cheap oil. Is $4 per gallon expensive? Yes, compared to last year’s prices. Not at all if you compare to gas prices in other developed countries that are net oil importers. Gasoline is not subsidized in the strict sense, but has artificially low taxes. A couple of weeks ago I paid the equivalent of $8 a gallon in the South of France; prices in the UK are even higher. It’s about time Americans stop wasting fuel and the government starts taxing gasoline like it should!

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