There is no shortage of oil. So what is the real reason for the price increases?

A recent report spoke of how the oil companies had to raise prices because demand in the U.S. went down. Gasoline had to be sold for more money to make up for the loss in revenue brought on by conservation. So basically the oil shortage theory is false. Why do you think prices are really rising? And dont say China and India. If you cant afford gas, what makes you think the typical Chinese or Indian citizen can?There is no shortage of oil. So what is the real reason for the price increases?
-Declining value of US dollar, down over 35% since 2002. Divide cost of barrel by 35% to get true value.





-Decline of easily accessible oil reserves. New fields coming on line are mostly offshore, which is expensive to access and easily disrupted due to storms, etc. This is why we invaded Iraq. They have the last, easily accessible on-shore oil reserves. And it is good quality oil. A lot of the offshore reserves are poor quality oil, like Venezuela's reserves.There is no shortage of oil. So what is the real reason for the price increases?
War profiteering. Plain and simple. Happens every time there's a war, and there's a war happening every minute of every day somewhere on the planet.





This is what political apathy and short-sightedness gives us. Bad people get to do bad things without any inhibitions. Too late to whine about it now. I and people like me have been saying this for decades, pointing this all out in painful detail, enduring ridicule, aggression and censure in the process.





Who's sorry now?
population expansion creates demand. China is exploding, countries are becoming more densely populated. gas is used for buses, planes and other public transportation. The chinese can afford to take a bus. there is no shortage, just more demand.
';A recent report spoke of how the oil companies had to raise prices because demand in the U.S. went down';





That makes no sense, I'd like to see that report.





Their is no oil shortage per se but demand has risen while supply has not.
BUSH.... hes gonna make as much profit as possible off it before he gets out of office. he's getting something out of this.





vote democratic.
Speculators on the floor of the Dow have been artificially inflating light sweet crude prices for months.
Speculators in the commodities markets.
speculators
GEORGE BUSH FEEDING HIS OIL WELLS AND COUNTING HIS MONEY AT THE END OF THE DAY!
there are many reasons


1. the federal reserve is printing so much money to pay for the war that there is more money to buy the same amount of goods. That is why the price of gold is also going up, the supply is the same but we keep increasing the amount of dollars it takes to balance the system. Since the gold standard was removed by Nixon in the 70s the price of gold has gone from $35 to over a $1000 at one point. and since oil is tied to Gold oil goes up as well.


2. all the *%26amp;^$ tree huggers got carter to lock up the coast lines on both oceans out to 200 miles which is the border of international waters. If you look up a proposed law by Bob bishop UT rep he is trying to open them up since you can only see the first 15 miles from shore and ocean drilling is the least impacting on the environment because it is easier to clean up spills when they aren't on land. The funny thing is Cuba has let China drill off their coast and since Cuba is less that the 200 miles the boarder is right in the middle and the Chinese are able to drill into our coastal supplies.


3. The number of refineries have been cut in half since the 1970s and no more have been allowed to be built. so were refining oil in mostly outdated plants. if we were allowed to build new ones they would be more efficient.


4. There are no shortages there are just restrictions and stupid ideas. During his little trip to Saudi Arabia to ask for more oil, Bush got told ';screw you by the government'; cause were are wanting to cut into their profits when we aren't willing to increase are production here.