Gas prices suddenly falling - in the most convenient states

A dramatic spiral for gasoline prices in some key battleground states comes just three weeks before the U.S. presidential elections.

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Ohio voters have watched prices at the gas pump drop by nearly 20 cents on average in the past week. At the same time, retail gas prices have plunged more than 10 cents in Wisconsin and Illinois.
Even in California, where the average gas price in the state reached the highest level on record on October 9, prices are now a lower by about a dime. Nationally, on average, gasoline prices have fallen 5 cents since last Wednesday to $3.76 a gallon.









Why Are Gasoline Prices Suddenly Falling? - US Business News Blog - CNBC








Who does Obama think he is fooling?

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Where is the increase in domestic supplies taking place?


Janice

Do you read the articles you post:
To answer your question, CBB, the increase in domestic supplies is being driven by the Bakken right now.

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"It's not our job to toughen our children up to face a cruel and heartless world. It's our job to raise children who will make the world a little less cruel and heartless." L.R. Knost
"Climb the mountains and get their good tidings" John Muir

What, exactly, is the Bakken?

Janice

As to the OP: I noticed that too. I said somehting to my wife about how convenient it was that gas prices are falling right about the time of the debate. Also, if one noticed, unemployment numbers dropped dramatically right after Obama bombed the first debate.

We must be careful or they will manuever in such ways that will blind the person to the truth that the last 3.5 years of Obama have been horrible for the USA. They have alot bigger chess pieces.

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The Bakken is a shale oil foundation that lies under western North Dakota and a small part of eastern Montana.

It's a deep, not very porous shale (much deeper typically than the Marcellus shale which seems to be the center of the frakking controversy). The permeability (which is the ability of a rock to conduct fluid through it...an essential ingredient in moving oil from the reservoir to the wellbore) is very low. High permeability conventional reservoirs are where most historical oil production has come from, but as those are playing out, we are developing new technologies to go after these unconventional oils. There is a large amount of oil in the Bakken (really, it's a game changer), but it is very difficult to produce with the low perms. To deal with the low perms, long horizontal wells are drilled, so that the oil doesn't need to move too far to get to the wellbore (bring the wellbore to the oil instead of moving the oil to the wellbore). We've only been really good at drilling horizontal for about 20 years, and that has opened up a lot of new oil to production. In addition, by pumping liquid under pressure into the reservoir, we can crack the rock increasing the permeability. The cracks would close on their own under the weight of the overburden rock so we prop them open with resin coated sand or ceramic balls. This is the much talked about frakking process. Between horizontal wells and frakking, we've begun to develop a huge oil resource in the US (it also extends to southwestern Canada, but the geology changes a bit...so western Canada's focus is still on its vast resources in the oil sands)

The Bakken-The #1 Website for The Bakken Oil Field Information, Jobs, News, Updates, and Resources

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"It's not our job to toughen our children up to face a cruel and heartless world. It's our job to raise children who will make the world a little less cruel and heartless." L.R. Knost
"Climb the mountains and get their good tidings" John Muir

Please to explain how the President has control of gas prices ?

There's a dial he turns. He's crafty.

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As if Obama is manipulating the market....

Well, if he has (and that's a big if) two have played that game. Wal-Mart has declared a hiring freeze until January 1 (when the election is over...)

So much for manipulating employment statistics.

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I always knew it. We have to get it in the middle of night, reverse engineer it, and replace the original one before anyone notices. Then we can make the prices whatever we want when we hit the pump.

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Logic is the only way.