No one entity controls the price...for example there is only one non government oil company in the top ten, world wide!
Politics also play a large part. Natural disasters, lack of sufficient trained workers in some instances; environment concerns withold discoveries etc. etc.etc.
The stock markets also play a large role..traders and shorters affect the price to some extent, but as you can see
the price depends on many separate causes, very often not working in tandem. This is a very complicated question. Dont listen to the politicians..they are not intersted in the truth, only in furthering their own careersY oil prices still moving up?who is really controlling the price?
the 5 oil company's.Y oil prices still moving up?who is really controlling the price?
the government, they are looking for more money.
the feds are in on it too..
Bush! George Bush has ruined this whole country! Why did people vote for him? TWICE?!
No one ';controls'; prices as long as the government is uninvolved. Each oil company sets its prices, and consumers choose to buy or not. The problem is that the demand for gas is very steep, and when the price jumps a lot, our consumption goes down very little.
There is a possibility that they are collaborating, but most economists agree that the incentives to cheat on the deal are so great that a deal like that is essentially unworkable.
oil controler
Monday, August 23, 2010
The oil price in my country is vey high, what is your petrol price ?
$2.69...oklahoma city, oklahomaThe oil price in my country is vey high, what is your petrol price ?
I Live in Australia and i pay $1.41 per litre for unleaded fuel in my car and its wrong how it can keep going up n up n up.?The oil price in my country is vey high, what is your petrol price ?
Most expensive grade of petrol ';Shell V- power'; S$1.98 per litre in Singapore.
$2.80 a gallon in Florida
1.3 Euro/liter ( thessaloniki city GREECE)
2.55.IN.LAVONIA.GA.
$3.01/ gallon - Chicago SW suburbs
I Live in Australia and i pay $1.41 per litre for unleaded fuel in my car and its wrong how it can keep going up n up n up.?The oil price in my country is vey high, what is your petrol price ?
Most expensive grade of petrol ';Shell V- power'; S$1.98 per litre in Singapore.
$2.80 a gallon in Florida
1.3 Euro/liter ( thessaloniki city GREECE)
2.55.IN.LAVONIA.GA.
$3.01/ gallon - Chicago SW suburbs
The oil price is now almost half what it was. So why is petrol/gas still the same price?
Oil companies expect us to believe that this is due to currency fluctuations. It's strange that I've never heard them use this argument before. Can someone shed some light on this?
I suspect a large part of this is down to profiteering. If this is the case, what can the consumer do about it?The oil price is now almost half what it was. So why is petrol/gas still the same price?
Always find the cheapest gas station and buy from them. If you PAY the high prices then there is no incentive for them to DROP the price. Why should they?
You probably pay more money per gallon of bottled water than you do gasoline, but you never complain about that. The oil price is now almost half what it was. So why is petrol/gas still the same price?
An unbelievable set of answers above!!!
Yes, the price of crude oil is getting on for half of what it was back in ths summer ($80 per barrel now, dropped from $147 per barrel). This is the price of the raw stuff, not the refined petrol or diesel you put in your cars. But most importantly - the bulk of what consumers pay at the pumps is tax. The profit margins from the petrol stations is relatively small; and whilst the cost of the stuff may fluctuate wildly, the government's take remains constant (in the case of the UK, constantly high).
Aside from that, no one ever considers the huge expenses that oil and gas companies have to make to go out and explore for the stuff - an ever increasingly difficult task these days. To go out and explore, you need to plough back most of those profits, or raise money via loans from the city (can't see that happening right now). To put it into perspective - just a single exploratory well will cost millions of dollars, and will certainly not be guaranteed to find oil.
Reduced oil company profits will directly lead to reduced exploration budgets. This will feed back into the cycle with even higher oil prices a few years down the line.
There seems to be a perception out there that (like the recently maligned ';fat-cat'; city bankers), oil company workers are all on mega million $$$ bonuses, driving porsches, etc, etc. and leeching off the rest of the economy.
As one who works in the sector - I can say... ';if only!!!';
Because the oil companies are ripping everybody off.
They will claim that it takes time for the new price to reach the petrol pumps but notice that this does not apply when the price is going up, when they seem to be able to react on an hourly basis.
The government must react to this by slapping a windfall tax on the oil companies this year to help pay for all the money that has gone to rescuing the banks from their own greed and stupidity
good question and i wonder the same, and why are food prices not reflecting the same, they are not, and i can see that even with lower oil prices the customer is going to be the loser, i only have seen temporary lowering of prices, in some supermarkets, but that's not going to stay like that for long. we get rubbished whichever way you look at it.
ed
the consumer can't stop driving, how do you get to work, for many car is the only option, with little or no public transport
I personally don't worry about gas prices after finding info on how to pay much less for gas and groceries - ALL I DID was do a Yahoo search for ';1940 gas prices impossible no'; a few sites came up and some videos - I watched them - followed thier guides and am now paying unbelievable prices
I no longer spend time doing searching the net for the lowest prices for gasoline in my area, city, town, neighborhood or looking on the internet for gas stations with the cheapest price.
AND THATS THE TRUTH
I agree its disgusting but many of the petrol company buy their petrol in advance not on a daily basis so we have to wait till they can buy the cheaper fuel. OF course the thing that would help more was if the goverment would cut the tax but there is no chance of that
It is profiteering. And it isn't halved. I agree though. The oil price rises, they pass the cost to us instantly. The price drops, it takes forever to pass on the saving.
wankers
The consumer can stop driving.
The money helps pay for the new TV Ads where the oil companies try to convince you that they're the good guys, while they rob you blind at the pump. Remember when they used to advertise their gasoline?
Oil needs to stay at this price for about 2-3 weeks to see the big drops, because that is about how long it takes to refine the oil.
I share your disgust over these high prices.
In England some places have cut the cost of petrol.The others say it as not reached the forecourts.I reckon there lining there pockets.The
only thing a consumer can do is catch the bus or walk.
How can you complain about petrol prices? You drive a car which continually uses a non-renewable energy source. Millions of other people also do this.
How did you not see it coming?!
Because they find more places to drill oil that way there is more oil than petrol and gas
Petrol in my town has dropped to 拢1.06.
because ted dibiase says so!jane iredale
I suspect a large part of this is down to profiteering. If this is the case, what can the consumer do about it?The oil price is now almost half what it was. So why is petrol/gas still the same price?
Always find the cheapest gas station and buy from them. If you PAY the high prices then there is no incentive for them to DROP the price. Why should they?
You probably pay more money per gallon of bottled water than you do gasoline, but you never complain about that. The oil price is now almost half what it was. So why is petrol/gas still the same price?
An unbelievable set of answers above!!!
Yes, the price of crude oil is getting on for half of what it was back in ths summer ($80 per barrel now, dropped from $147 per barrel). This is the price of the raw stuff, not the refined petrol or diesel you put in your cars. But most importantly - the bulk of what consumers pay at the pumps is tax. The profit margins from the petrol stations is relatively small; and whilst the cost of the stuff may fluctuate wildly, the government's take remains constant (in the case of the UK, constantly high).
Aside from that, no one ever considers the huge expenses that oil and gas companies have to make to go out and explore for the stuff - an ever increasingly difficult task these days. To go out and explore, you need to plough back most of those profits, or raise money via loans from the city (can't see that happening right now). To put it into perspective - just a single exploratory well will cost millions of dollars, and will certainly not be guaranteed to find oil.
Reduced oil company profits will directly lead to reduced exploration budgets. This will feed back into the cycle with even higher oil prices a few years down the line.
There seems to be a perception out there that (like the recently maligned ';fat-cat'; city bankers), oil company workers are all on mega million $$$ bonuses, driving porsches, etc, etc. and leeching off the rest of the economy.
As one who works in the sector - I can say... ';if only!!!';
Because the oil companies are ripping everybody off.
They will claim that it takes time for the new price to reach the petrol pumps but notice that this does not apply when the price is going up, when they seem to be able to react on an hourly basis.
The government must react to this by slapping a windfall tax on the oil companies this year to help pay for all the money that has gone to rescuing the banks from their own greed and stupidity
good question and i wonder the same, and why are food prices not reflecting the same, they are not, and i can see that even with lower oil prices the customer is going to be the loser, i only have seen temporary lowering of prices, in some supermarkets, but that's not going to stay like that for long. we get rubbished whichever way you look at it.
ed
the consumer can't stop driving, how do you get to work, for many car is the only option, with little or no public transport
I personally don't worry about gas prices after finding info on how to pay much less for gas and groceries - ALL I DID was do a Yahoo search for ';1940 gas prices impossible no'; a few sites came up and some videos - I watched them - followed thier guides and am now paying unbelievable prices
I no longer spend time doing searching the net for the lowest prices for gasoline in my area, city, town, neighborhood or looking on the internet for gas stations with the cheapest price.
AND THATS THE TRUTH
I agree its disgusting but many of the petrol company buy their petrol in advance not on a daily basis so we have to wait till they can buy the cheaper fuel. OF course the thing that would help more was if the goverment would cut the tax but there is no chance of that
It is profiteering. And it isn't halved. I agree though. The oil price rises, they pass the cost to us instantly. The price drops, it takes forever to pass on the saving.
wankers
The consumer can stop driving.
The money helps pay for the new TV Ads where the oil companies try to convince you that they're the good guys, while they rob you blind at the pump. Remember when they used to advertise their gasoline?
Oil needs to stay at this price for about 2-3 weeks to see the big drops, because that is about how long it takes to refine the oil.
I share your disgust over these high prices.
In England some places have cut the cost of petrol.The others say it as not reached the forecourts.I reckon there lining there pockets.The
only thing a consumer can do is catch the bus or walk.
How can you complain about petrol prices? You drive a car which continually uses a non-renewable energy source. Millions of other people also do this.
How did you not see it coming?!
Because they find more places to drill oil that way there is more oil than petrol and gas
Petrol in my town has dropped to 拢1.06.
because ted dibiase says so!
Where is the price of oil going to?
97.07 in nmWhere is the price of oil going to?
Over $100 and beyond.聽 The poor oil companies are only going to make a net profit of $40 Billion this quarter.Where is the price of oil going to?
It all depends on how rich Bush wants to get.
US 120 bbls within the next 6 months (predicted based on the grwoth trends (artficial growth) not based on any economic reasons.
going sky up,,soon only rich peaople will be able to afford gas the ones that get paid 200 gs a year
Over $100 and beyond.聽 The poor oil companies are only going to make a net profit of $40 Billion this quarter.Where is the price of oil going to?
It all depends on how rich Bush wants to get.
US 120 bbls within the next 6 months (predicted based on the grwoth trends (artficial growth) not based on any economic reasons.
going sky up,,soon only rich peaople will be able to afford gas the ones that get paid 200 gs a year
If we nationalize oil companies then we can control oil prices, should we?
That way only Americans will consume the oil here instead of shipping it to Asia.If we nationalize oil companies then we can control oil prices, should we?
You're absolutely right - history has taught us that any time we nationalize an industry we can control prices. It has also demonstrated throughout the socialist world that supply completely dries up.
So we can get back to $0.99/gal, but you'll get a ration of a gallon a week.If we nationalize oil companies then we can control oil prices, should we?
About 70 percent of the oil and refined products we consume are imported, and we don't control the market price of oil any more than our oil companies do.
If you look at the oil companies that have had their operations nationalized, you will see that those operations were involved in extraction in producing countries such as Saudi Arabia and Venezuela. Exxon is our biggest oil refiner, but how would we bring prices down by seizing its refineries when the price of the oil it refines is not within its control? And what would we do if we seized its distribution-related assets? We can't bring prices down by seizing its trucking fleets.
The reason we ship some of our oil to Asia is because we don't have the refinery capacity to process all the products we need. So we sell some of our crude abroad and use the proceeds to buy (or trade for) refined products from foreign suppliers..
That's just what we need - the government running the oil industry because it's done such a good job with health care. The cost of oil is high because of the high demand. When anything is in high demand, the item goes to the highest bidder. Foreign oil is commanding high prices just because it can. We've got to stop depending on it by drilling here while at the same time researching alternative sources of energy and conserving. Next time you are out and about, look at the string of cars going in the same direction with just the driver. In many cases, where buses are lacking, we could consider car pooling.
The big three almost have a monopoly of oil, once the large companies were broken up to promote competition, they have merged with government approval, and most probably control price.as they once did. Can't trust government to protect us from the giants, where will we be if government controls the oil.
thats what mexico does and its not a good idea
there gas is 2.50 right now, but cant dig for more because they dont have enought money to do so since most of the money goes to goverment pograms
now there trying to sell the oil company (PEMEX) so private companies that have the money to do so, will give more oil to the country
big fight right now
Yes, we absolutely should. When Exxon-Mobil makes $11 billion profits on the backs of us I get upset. That is incredibly greedy. Unfortunately, the oil lobby will buy all the politician's votes and the oil industry will always be privately operated.
Oh, and hisdivineshadow: gas is 11 cents/gallon in venezuela, what are you talking about?
And what has the government gotten it's hands on that it didn't screw up in one way or the other? We don't need government involved in health care or oil! We do not need bigger government or more government control. Let them put their time and energy in keeping us safe from terrorists...let them run the military!
when you take away the free market, then you get Socialism, we need to offer tax incentives for people to drill American, I read this quote; the only reason that Hollywood liberals think it is better for the environment to drill in South America is because they don't have to see it from they re Malibu Mansions That doesn't really have anything to do with your question, I just liked the quote
yes, we will then make sure that prize of oil sky rocket to $10.00 a gallon no one would have freedom to buy their own type of car, only goverment issue cars:. retro fit your house with solar power energy systems 25,000 - 75,000 a house:. and the rents will be force to pay some sort of {home owner taxes equivalent} just to rent in California. you should go to Energytomorrow.com
get your facts strait
America has no control over foreign oil prices. We can just set tax on it, which is pretty low compared to other countries. Germany pays the same for oil as America, but they just tax it more, that's why it's so much more money.
Have you ever seen the government take over something and do it better than private companies do it? The government has screwed us enough.
If you want to live where private companies are Nationalized look at Venezuela and Hugo Chavez. No thanks!
I can't freely answer to your question
because if I do then all low life they will report me
and my account will be suspended
Americans kill the freedom of speech...
NO..this is what the National Socialist did in Germany
what would be next for the government to take over?
yes
we are the only country that hasnt nationalized
HELL NO !!!!!
of course not
You know which country that tried this idea fairly recently? Venezuela. Do we really want to be like them?
You're absolutely right - history has taught us that any time we nationalize an industry we can control prices. It has also demonstrated throughout the socialist world that supply completely dries up.
So we can get back to $0.99/gal, but you'll get a ration of a gallon a week.If we nationalize oil companies then we can control oil prices, should we?
About 70 percent of the oil and refined products we consume are imported, and we don't control the market price of oil any more than our oil companies do.
If you look at the oil companies that have had their operations nationalized, you will see that those operations were involved in extraction in producing countries such as Saudi Arabia and Venezuela. Exxon is our biggest oil refiner, but how would we bring prices down by seizing its refineries when the price of the oil it refines is not within its control? And what would we do if we seized its distribution-related assets? We can't bring prices down by seizing its trucking fleets.
The reason we ship some of our oil to Asia is because we don't have the refinery capacity to process all the products we need. So we sell some of our crude abroad and use the proceeds to buy (or trade for) refined products from foreign suppliers..
That's just what we need - the government running the oil industry because it's done such a good job with health care. The cost of oil is high because of the high demand. When anything is in high demand, the item goes to the highest bidder. Foreign oil is commanding high prices just because it can. We've got to stop depending on it by drilling here while at the same time researching alternative sources of energy and conserving. Next time you are out and about, look at the string of cars going in the same direction with just the driver. In many cases, where buses are lacking, we could consider car pooling.
The big three almost have a monopoly of oil, once the large companies were broken up to promote competition, they have merged with government approval, and most probably control price.as they once did. Can't trust government to protect us from the giants, where will we be if government controls the oil.
thats what mexico does and its not a good idea
there gas is 2.50 right now, but cant dig for more because they dont have enought money to do so since most of the money goes to goverment pograms
now there trying to sell the oil company (PEMEX) so private companies that have the money to do so, will give more oil to the country
big fight right now
Yes, we absolutely should. When Exxon-Mobil makes $11 billion profits on the backs of us I get upset. That is incredibly greedy. Unfortunately, the oil lobby will buy all the politician's votes and the oil industry will always be privately operated.
Oh, and hisdivineshadow: gas is 11 cents/gallon in venezuela, what are you talking about?
And what has the government gotten it's hands on that it didn't screw up in one way or the other? We don't need government involved in health care or oil! We do not need bigger government or more government control. Let them put their time and energy in keeping us safe from terrorists...let them run the military!
when you take away the free market, then you get Socialism, we need to offer tax incentives for people to drill American, I read this quote; the only reason that Hollywood liberals think it is better for the environment to drill in South America is because they don't have to see it from they re Malibu Mansions That doesn't really have anything to do with your question, I just liked the quote
yes, we will then make sure that prize of oil sky rocket to $10.00 a gallon no one would have freedom to buy their own type of car, only goverment issue cars:. retro fit your house with solar power energy systems 25,000 - 75,000 a house:. and the rents will be force to pay some sort of {home owner taxes equivalent} just to rent in California. you should go to Energytomorrow.com
get your facts strait
America has no control over foreign oil prices. We can just set tax on it, which is pretty low compared to other countries. Germany pays the same for oil as America, but they just tax it more, that's why it's so much more money.
Have you ever seen the government take over something and do it better than private companies do it? The government has screwed us enough.
If you want to live where private companies are Nationalized look at Venezuela and Hugo Chavez. No thanks!
I can't freely answer to your question
because if I do then all low life they will report me
and my account will be suspended
Americans kill the freedom of speech...
NO..this is what the National Socialist did in Germany
what would be next for the government to take over?
yes
we are the only country that hasnt nationalized
HELL NO !!!!!
of course not
You know which country that tried this idea fairly recently? Venezuela. Do we really want to be like them?
Price of Oil price is over $100? News that health care went up?
The news today that the cost of health care and medicine is expected to go up and price of oil is over $100. This smells fishy. Like my mind is being conditioned to accept all economic hardships whoever wins in the elections. It's like manipulation by the real powers that control the legislature and the executive body of the land.
We know that U.S. economies where - oil, Health care and Pharmaceutical industry are sucking our blood dry. Do you know how rich these sectors of the economy is? Their profits are skyrocketing and they continuously raise their prices. To the detriment of the American people. Many of these entities are not even U. S. corporation. So profits are pouring out of the country. What could be a good reason to raise the price of oil and health care and medicines? To kill us as a NATION?
Some laws are against the interest of the nation. Washington is broken and needs to be fixed. Who do we elect into office to fix our LAW MAKING BODY and EXECUTIVE? SAME O SAME O?Price of Oil price is over $100? News that health care went up?
Unfortunately, short of a real revolution, its always going to be same o, same oPrice of Oil price is over $100? News that health care went up?
No mention of how President Bush caused all this? What's up with that?!
Policies need to be changed and rewritten. How the government runs needs to be changed. The country is heading for a revolution of some kind. When it'll come I have no idea. But if this keeps up, it's bound to happen.
Lol,
Liberals your policies come home to roost.
We told you so
Can't quarrel with your points. Out of the ';menu of choices,'; though I'm not enthused, I'm voting for McCain. However, I study ALL the issues and candidates and regard my Congressional, proposition, and other votes as very important as well--because they are.
I study what I consider to be the key issues and I write, write, write--from locals through feds--on the major issues. I know that my voice, along with sometimes just a thousand others, DOES make a difference on SOME things because pols still need us to get re-elected--something most want.
I wish everyone who felt as you do would read a really good book that came out a short time ago--Cassandra Nathan's Save America, Save the World--because in it she did her research and offers suggestions in many areas that are NOT the ';same o, same o'; on things from health care to taxation to energy to Social Security to immigration and more. She respects the Founders and the Constitution and applies a realist's point of view for achieving important goals.
I also wish people would read Thomas Sowell's Basic Economics and Arthur C Brooks, Who Really Cares? and see that WE the people are NOT powerless, but if we educate ourselves on key issues, we CAN affect the course of our nation.
Every once in a while we get lucky and get a good person in office who does appreciate the Constitution and tries to make a difference. I am GRATEFUL for Ron Paul, for example--he puts forth a certain amount of legislation that is SENSIBLE. I see Jeff Flake taking up his torch on a piece of legislation we NEED: demanding that ALL potential legislation carry IN it a citation for where in the Constitution it is AUTHORIZED. If it can't justify itself Constitutionally, it can't be.
Now THAT would save us TRILLIONS.
Interesting how the media really don't discuss that, isn't it. I know they have the really pressing issues of the day like tracking Britney and finding pix of Obama in African garb, but if they could spend a couple of minutes a day on goofy stuff like pending legislation in Congress, I would appreciate it.
We know that U.S. economies where - oil, Health care and Pharmaceutical industry are sucking our blood dry. Do you know how rich these sectors of the economy is? Their profits are skyrocketing and they continuously raise their prices. To the detriment of the American people. Many of these entities are not even U. S. corporation. So profits are pouring out of the country. What could be a good reason to raise the price of oil and health care and medicines? To kill us as a NATION?
Some laws are against the interest of the nation. Washington is broken and needs to be fixed. Who do we elect into office to fix our LAW MAKING BODY and EXECUTIVE? SAME O SAME O?Price of Oil price is over $100? News that health care went up?
Unfortunately, short of a real revolution, its always going to be same o, same oPrice of Oil price is over $100? News that health care went up?
No mention of how President Bush caused all this? What's up with that?!
Policies need to be changed and rewritten. How the government runs needs to be changed. The country is heading for a revolution of some kind. When it'll come I have no idea. But if this keeps up, it's bound to happen.
Lol,
Liberals your policies come home to roost.
We told you so
Can't quarrel with your points. Out of the ';menu of choices,'; though I'm not enthused, I'm voting for McCain. However, I study ALL the issues and candidates and regard my Congressional, proposition, and other votes as very important as well--because they are.
I study what I consider to be the key issues and I write, write, write--from locals through feds--on the major issues. I know that my voice, along with sometimes just a thousand others, DOES make a difference on SOME things because pols still need us to get re-elected--something most want.
I wish everyone who felt as you do would read a really good book that came out a short time ago--Cassandra Nathan's Save America, Save the World--because in it she did her research and offers suggestions in many areas that are NOT the ';same o, same o'; on things from health care to taxation to energy to Social Security to immigration and more. She respects the Founders and the Constitution and applies a realist's point of view for achieving important goals.
I also wish people would read Thomas Sowell's Basic Economics and Arthur C Brooks, Who Really Cares? and see that WE the people are NOT powerless, but if we educate ourselves on key issues, we CAN affect the course of our nation.
Every once in a while we get lucky and get a good person in office who does appreciate the Constitution and tries to make a difference. I am GRATEFUL for Ron Paul, for example--he puts forth a certain amount of legislation that is SENSIBLE. I see Jeff Flake taking up his torch on a piece of legislation we NEED: demanding that ALL potential legislation carry IN it a citation for where in the Constitution it is AUTHORIZED. If it can't justify itself Constitutionally, it can't be.
Now THAT would save us TRILLIONS.
Interesting how the media really don't discuss that, isn't it. I know they have the really pressing issues of the day like tracking Britney and finding pix of Obama in African garb, but if they could spend a couple of minutes a day on goofy stuff like pending legislation in Congress, I would appreciate it.
Is it possible that gasoline prices in the US could be @ $4 a gallon again with oil prices staying as they are?
Especially in the high tax states, NY,CA, Northeast!Is it possible that gasoline prices in the US could be @ $4 a gallon again with oil prices staying as they are?
Drilling American oil would solve that problem.....and it will not take 10 years to do........Is it possible that gasoline prices in the US could be @ $4 a gallon again with oil prices staying as they are?
I don't recommend that anyone assume oil prices will stay where they are. Current oil production projects are reliant on oil in the $70-80 barrel range in order to be profitable. I think we will see a concerted push to get oil prices back up to that range.
Please keep in mind that gas prices can move independently of oil prices depending on refining capacity and other production factors.
No ! The prices rise when the speculators begin driving them up.
I have a solution for that however. It's called a bounty on their @ss. It's time we played hard ball with this crude. It's time they were exposed to the public, each time they create a new bull market on oil !
yes.
almost all of the gasoline to the east coast is supplied by a handful of pipelines. if one of these breaks down and another catches fire, expect local gas prices to go up rapidly.
It is absloutely certain that unless alternative fuels come into use that gasoline will be much more expensive the 4.00 a gallon. China is still growing at an 8% rate and increasing there gasoline consumption faster.
who knows, the oil companies do what they want and have us by the balls, we are all suckers to their little game, they are being nice now that the economy is in ****, but I am sure they will jack it up soon
When the economy recovers probably.
yes, this little low gas price respite is the quiet before the storm.
Yes
depends on the demand I suppose
Drilling American oil would solve that problem.....and it will not take 10 years to do........Is it possible that gasoline prices in the US could be @ $4 a gallon again with oil prices staying as they are?
I don't recommend that anyone assume oil prices will stay where they are. Current oil production projects are reliant on oil in the $70-80 barrel range in order to be profitable. I think we will see a concerted push to get oil prices back up to that range.
Please keep in mind that gas prices can move independently of oil prices depending on refining capacity and other production factors.
No ! The prices rise when the speculators begin driving them up.
I have a solution for that however. It's called a bounty on their @ss. It's time we played hard ball with this crude. It's time they were exposed to the public, each time they create a new bull market on oil !
yes.
almost all of the gasoline to the east coast is supplied by a handful of pipelines. if one of these breaks down and another catches fire, expect local gas prices to go up rapidly.
It is absloutely certain that unless alternative fuels come into use that gasoline will be much more expensive the 4.00 a gallon. China is still growing at an 8% rate and increasing there gasoline consumption faster.
who knows, the oil companies do what they want and have us by the balls, we are all suckers to their little game, they are being nice now that the economy is in ****, but I am sure they will jack it up soon
When the economy recovers probably.
yes, this little low gas price respite is the quiet before the storm.
Yes
depends on the demand I suppose
Who put the price controls on gasoline during the oil shocks of the 1970's?
Price controls were the brain child of another Republican Genius...Richard Milhouse Nixon.
The oil shortage though was caused when the OPEC nations put an oil embargo against oil delivered to the US. They turned the screws to us then.Who put the price controls on gasoline during the oil shocks of the 1970's?
Richard Nixon put wage and price controls in place because of inflation.
To an extent it worked,the problem is that everyone raised prices on everything just before the freeze took place and the working people got there wages frozen.
When OPEC embargoed oil to the U.S.,Carter placed gas rationing on the U.S.
Based on the last digit of your car tag,determined when you could buy gas and in some places,you were limited how much you could purchase too.Who put the price controls on gasoline during the oil shocks of the 1970's?
I bought millions and millions of barrels of oil when they cost $60--$100 a barrel. I expect to make a kill when I sell. But right now it’s only over $140 a barrel. So here is my difficulty :
I have requested my agents spin the media, like: “Oil future looks high, expecting to be in the range of $200 a barrel soon” But it does not work price up fast enough.
I have paid the mainstream media, the Think Tanks, and the major PR talking heads, to spin China and India (supply and demand) responsible for price hike, to deflect American public anger. But that does not go far enough.
Right now, I am extremely nervous and worried. I urgently need a prey to buy those “paper barrels” on my hording. So I can profit. But where can I find my prey ?
ADD:
Airline industry has requested and demanded Congress stop oil speculation. I have my lobby on Capitol Hill work the Senators and Congressmen around the clock. But I do not how long they can hold.
Airlines urge Congress to curb oil speculation
http://www.boston.com/business/articles/…
Richard Nixon.
He was the last Republican president who had the interest of America in mind before all else.
The RNC was overtaken by ';big oil';. Nixon stood against them and was framed by the RNC for the Watergate break-ins.
The RNC, since then, has produced nothing but dishonest oil puppets as their candidates and confuse the issue with untruths about the other side. This is probably why Bush had to wear the ';wire'; during the debates and McCain can't speak to a crowd unless it's ';controlled';. Reagan always did best when his answers were ';pre-fed'; to him, too.
I was a Republican till I witnessed what had happpened to the RNC. It's now just a marketing tool for the Texas Oil Cartel. The ';Opec nation'; group was organized by American Oil Companies overseas with the help of such people as the Shah of Iran et al. This group is merely a paper group that exists solely for the Amer.Oil Cartel to place public blame upon when the Amer. Oil companies want to increase their profits.
T.Boon Pickens and the other wealthy Texas oil guys do NOT have our country's best interest at heart. They're only here to fill their pockets.
Note to Ralph T:
Gas rationing was not a nationwide situation. I lived in the midwest during this time and had no rationing.
The government, but remember that the law had no impact on international trade (which falls under no single nation's government to legislate) prices, so it could only be limited at a fairly high rate in the first place.
You may be thinking about Nixon's price controls, but they weren't about gas. The oil embargo by OPEC started the upward climb of prices back during then.
That would have been Richard M. Nixon. Many either did not live through his draconian price, and wage freeze, or simply choose to forget it.
there were no price controls
The oil shortage though was caused when the OPEC nations put an oil embargo against oil delivered to the US. They turned the screws to us then.Who put the price controls on gasoline during the oil shocks of the 1970's?
Richard Nixon put wage and price controls in place because of inflation.
To an extent it worked,the problem is that everyone raised prices on everything just before the freeze took place and the working people got there wages frozen.
When OPEC embargoed oil to the U.S.,Carter placed gas rationing on the U.S.
Based on the last digit of your car tag,determined when you could buy gas and in some places,you were limited how much you could purchase too.Who put the price controls on gasoline during the oil shocks of the 1970's?
I bought millions and millions of barrels of oil when they cost $60--$100 a barrel. I expect to make a kill when I sell. But right now it’s only over $140 a barrel. So here is my difficulty :
I have requested my agents spin the media, like: “Oil future looks high, expecting to be in the range of $200 a barrel soon” But it does not work price up fast enough.
I have paid the mainstream media, the Think Tanks, and the major PR talking heads, to spin China and India (supply and demand) responsible for price hike, to deflect American public anger. But that does not go far enough.
Right now, I am extremely nervous and worried. I urgently need a prey to buy those “paper barrels” on my hording. So I can profit. But where can I find my prey ?
ADD:
Airline industry has requested and demanded Congress stop oil speculation. I have my lobby on Capitol Hill work the Senators and Congressmen around the clock. But I do not how long they can hold.
Airlines urge Congress to curb oil speculation
http://www.boston.com/business/articles/…
Richard Nixon.
He was the last Republican president who had the interest of America in mind before all else.
The RNC was overtaken by ';big oil';. Nixon stood against them and was framed by the RNC for the Watergate break-ins.
The RNC, since then, has produced nothing but dishonest oil puppets as their candidates and confuse the issue with untruths about the other side. This is probably why Bush had to wear the ';wire'; during the debates and McCain can't speak to a crowd unless it's ';controlled';. Reagan always did best when his answers were ';pre-fed'; to him, too.
I was a Republican till I witnessed what had happpened to the RNC. It's now just a marketing tool for the Texas Oil Cartel. The ';Opec nation'; group was organized by American Oil Companies overseas with the help of such people as the Shah of Iran et al. This group is merely a paper group that exists solely for the Amer.Oil Cartel to place public blame upon when the Amer. Oil companies want to increase their profits.
T.Boon Pickens and the other wealthy Texas oil guys do NOT have our country's best interest at heart. They're only here to fill their pockets.
Note to Ralph T:
Gas rationing was not a nationwide situation. I lived in the midwest during this time and had no rationing.
The government, but remember that the law had no impact on international trade (which falls under no single nation's government to legislate) prices, so it could only be limited at a fairly high rate in the first place.
You may be thinking about Nixon's price controls, but they weren't about gas. The oil embargo by OPEC started the upward climb of prices back during then.
That would have been Richard M. Nixon. Many either did not live through his draconian price, and wage freeze, or simply choose to forget it.
there were no price controls
What are you doing to offset high oil prices?
i have a 275 gallon oil tank, and at an average of 4.50 a gallon,that means a fill up of 200 gallons will be $900 dollars
i usaually get 2 1/2 fill ups per winter
$2250 per winter ,plus gas prices for my car!!!!!!!!
ECONOMIC STIMULUS check has been spent on fuel
Whats your solution?What are you doing to offset high oil prices?
I sold my car a couple months ago and bike everywhere. I think we're going to need to become much more localized as in buy groceries and do other shopping close to home.
Here in the USA this seems difficult because our country is so vast geographically. At the time our cities have taken the shape they have, we didn't have too many fuel concerns. Now that this is very much on our minds and with concerns of peak oil, we need to reconsider our neighborhoods and transportation methods. Expanded use of mass transit may also help.What are you doing to offset high oil prices?
I have been using a fuel catalyst, that you add to your tank everytime you fill up. My mileage has gone up from 14 mpg to 18.5 so far. Also I haven't had to change my oil in over 5000 miles and it's still clean. This can be used with any petroleum based product including heating oil and propane. I also use it in my weed whacker, mower, and chainsaw.
I am looking into a wood or pellet stove for my house. I stopped driving anywhere that I don't need to go.
I keep my wifes tank full by giving here 25 per week for gas, whatever she doesn't use I put in my tank.
This Whole oil thing Is a lie. they know it and we know it. it's time to revolt.
Out here in the West we have abundent natural gas and most people have switched to it. I am not sure it will really be any cheaper though.
You can heat less rooms during the winter. We turn the heat off at night and just heat our bedroom. We also bought some heavy felt curtains to help insulate the windows...a fairly cheap solution. I would like to insulate the old house and get new windwos but it is too expensive right now.
http://energycrisis.wordpress.com/
I don't buy gasoline anymore. I bought 2 cars that run on natural gas (methane), so I pay $8 to fill up and it's 99% cleaner to run them than gasoline cars! Couldn't pass up a deal like that. Check out my source below and see if you have any filling stations near you, and if so, go get one of these cars! Do an end run around the oil companies...
you actually dont need to go as far as to use electric. it is now possible to make a car that runs on water seriously here go to this link its a guide on how to change your car from gas to a water fueled car, step by step so that even the general public can achieve this. it will cost its says from 60 to 150 dollars.
http://tinyurl.com/5o2gyz
I just wanted to let everyone know about this great site I found with lots of useful Gas saving tips and information. It is a free site, so no worries. Check it out and save some money like I did using the tips. Good luck!
http://www.BeatTheGas.com/
I limit my speed to 55-60mph on the freeway and use cruise control. That gained me 3mpg on my SUV. Slowing down on the freeway is 100% effective way of increasing your mpg.
I live on social security and it will not increase . It could get cold this winter.
Well indivual cant do any thing in this case nations together can solve these problrms if they want
Let someone else pay the bill.....
Go over to the neighbors for Xmas eggnog and stay till May.
I save a little gas by riding my bike every where. But I don't know what I'll do this winter for heating.
I ride my bike to work 3- 4 days a week. Get my exercise and save on gas at the same time.
well.....the island of Bonaire is nice....nowhere to go(so you don't need to waist oil)...just scuba dive!
convert to air is taking a couple steps to do this check out ConvertToAir.com for information on how air cars workjane iredale
i usaually get 2 1/2 fill ups per winter
$2250 per winter ,plus gas prices for my car!!!!!!!!
ECONOMIC STIMULUS check has been spent on fuel
Whats your solution?What are you doing to offset high oil prices?
I sold my car a couple months ago and bike everywhere. I think we're going to need to become much more localized as in buy groceries and do other shopping close to home.
Here in the USA this seems difficult because our country is so vast geographically. At the time our cities have taken the shape they have, we didn't have too many fuel concerns. Now that this is very much on our minds and with concerns of peak oil, we need to reconsider our neighborhoods and transportation methods. Expanded use of mass transit may also help.What are you doing to offset high oil prices?
I have been using a fuel catalyst, that you add to your tank everytime you fill up. My mileage has gone up from 14 mpg to 18.5 so far. Also I haven't had to change my oil in over 5000 miles and it's still clean. This can be used with any petroleum based product including heating oil and propane. I also use it in my weed whacker, mower, and chainsaw.
I am looking into a wood or pellet stove for my house. I stopped driving anywhere that I don't need to go.
I keep my wifes tank full by giving here 25 per week for gas, whatever she doesn't use I put in my tank.
This Whole oil thing Is a lie. they know it and we know it. it's time to revolt.
Out here in the West we have abundent natural gas and most people have switched to it. I am not sure it will really be any cheaper though.
You can heat less rooms during the winter. We turn the heat off at night and just heat our bedroom. We also bought some heavy felt curtains to help insulate the windows...a fairly cheap solution. I would like to insulate the old house and get new windwos but it is too expensive right now.
http://energycrisis.wordpress.com/
I don't buy gasoline anymore. I bought 2 cars that run on natural gas (methane), so I pay $8 to fill up and it's 99% cleaner to run them than gasoline cars! Couldn't pass up a deal like that. Check out my source below and see if you have any filling stations near you, and if so, go get one of these cars! Do an end run around the oil companies...
you actually dont need to go as far as to use electric. it is now possible to make a car that runs on water seriously here go to this link its a guide on how to change your car from gas to a water fueled car, step by step so that even the general public can achieve this. it will cost its says from 60 to 150 dollars.
http://tinyurl.com/5o2gyz
I just wanted to let everyone know about this great site I found with lots of useful Gas saving tips and information. It is a free site, so no worries. Check it out and save some money like I did using the tips. Good luck!
http://www.BeatTheGas.com/
I limit my speed to 55-60mph on the freeway and use cruise control. That gained me 3mpg on my SUV. Slowing down on the freeway is 100% effective way of increasing your mpg.
I live on social security and it will not increase . It could get cold this winter.
Well indivual cant do any thing in this case nations together can solve these problrms if they want
Let someone else pay the bill.....
Go over to the neighbors for Xmas eggnog and stay till May.
I save a little gas by riding my bike every where. But I don't know what I'll do this winter for heating.
I ride my bike to work 3- 4 days a week. Get my exercise and save on gas at the same time.
well.....the island of Bonaire is nice....nowhere to go(so you don't need to waist oil)...just scuba dive!
convert to air is taking a couple steps to do this check out ConvertToAir.com for information on how air cars work
Oil prices have gone down with just the mention of drilling, isn't the price now being SPECULATED downward?
To all you ignorant Libs out there, speculation actually helps get prices to where they will end up much faster. Prices will go down once we actually drill. Now through speculation, the prices have been speculated downward in order to beat the future price drop.Oil prices have gone down with just the mention of drilling, isn't the price now being SPECULATED downward?
Nope, it was not not the mention of drilling.
Conservation plus Less Demand
Americans have driven 40 Billion miles less in the past seven months pushing down demand for gas by 2.4%.
all bush did was lift the executive ban on off-shore drilling.
without congress doing the same that means almost nothing.
then as now the supply of crude is Still stable.
as always speculation is a short term problem
the free market always corrects itself (economics 101)
----------------------
and from todays Wall Street news..
Oil Prices still falling due to consumer Demand.
Traders sold oil contracts on the belief that prices are still to high in relation to DEMAND and have further room to fall.
..$ 4.00 per gallon gas has clearly killed demand.Oil prices have gone down with just the mention of drilling, isn't the price now being SPECULATED downward?
Oil prices are going down because of the lowering demand and increased value of the dollar.
For those of you who think it is lowering because of talks of future drilling, what are you smoking?
Oil price directly related to Value of dollar.
US Dollar is getting worthless. Can you imagine US has 482 billion dollar budget deficit.
Ignorant libs? You claim that the prices of oil drop merely on the mention of 'drilling' and you call us ignorant? I suggest you start studying how the market works. Oil is a commodity and everyone, including myself, who plays the market knew that the price of oil was a market bubble waiting to burst. It had nothing to do with drilling, it had everything to do with what people were willing to pay on the commodities market. You know, just like the housing pricing and mortgage bubble burst. The part you forget to mention is that oil is on an upward trend despite the bubble burst. Over the long term it is going to adjust and just keep rising as demand keeps rising.
Thats the way the market works and why McCain said that and I paraphrase that the mental impact would lower prices. This is what he meant. The futures market responses to what future brings and knowing that the drilling ban ends September 30th and Bush and the Republicans won't let the Dems renew it will have that ';mental'; effect.
As far as the Strategic Oil Reserve I have to say it is sad that Obama rather put his election campaign ahead of our National Security. The man will be a disaster.
You're right! All we have to do is to have companies say they are preparing to drill and prices would come way down. Let's face it, liberals don't won't prices to come down.
How about if I promise you a candy bar in 2030?
Will you lower the price for me now?
Why not? Too long to get your candy?
Not so sure I can take delivery?
That's oil, they are bidding on taking delivery in three months.
Talk of drilling, even the presidents removal of the moratorium on offshore drilling that Bush One put in place isn't making the difference. That candy won't be ready until 2020.
I think they simply found the highest price that the market will bear without hurting their businesses.
An that's about all it will ever be.
I used candy as an example to give you something apolitical that you would be familiar with purchasing.
thats how oil prices work speculation
If you follow the news for the last few months, oil prices have a lot more to do with stability in the Middle East than with the prospect of more domestic drilling. When Bush makes a speech threatening Iran (or vice versa), the price goes up. When spreading the war to Iran looks less likely, the price goes down.
The biggest development in that story recently is that Bush sent an envoy to negotiate with Iran, something that for years he swore he would never do. This is a big development! That's what has brought down the price of oil because war with Iran now looks much less likely.
There is no real shortage of oil! You said right in your question that the prices are caused by -speculation-, meaning futures trading. The supply of oil is not the problem, it's the future supply. If we got into a war with Iran and Iran closed off the Straits of Hormuz, that would cut off the entire supply of Middle East oil to the entire world. That's what is driving speculation in oil futures. The greater or smaller likelihood of that happening is what makes oil prices go up and down.
If you are going to call someone ignorant, perhaps it would be better if you knew more than they did.
The price of oil went up because of speculation. Speculation that Bush and McCain's threats of invading Iran would reduce the amount of oil. Speculation that Bush and McCain's threats against Venezuella would reduce the amount of oil. Speculation that Bush and McCain's refusal to encourage meaningful alternate energy or conservation would keep demand high. Speculation that Bush's inability to get the Saudis to increase the amount of oil they pump would keep supply low. Of course, Bush's cutting off of Iraqi oil didn't help.
What happened? Obama and the Democrats used public opinion to force Bush to actually ask the Saudis to pump more and, low and behold, the Saudis agreed.
What happened, Congress started working on a bill to discourage speculation. Since speculators would end up losing money (or not making as much) less speculation occured and the price went down.
So the Democratic Congress has succeeded in counteracting some of the Republican high energy price policy. The price of oil is still 6 times what it was before Bush and the Republicans started pushing the prices higher.
Drilling will bring the price down. just a fact of supply and demand. And to ignorant Mo Fo's (lib or conservative) - we need more refineries.
LMAO, ironic that you used the word ignorant.
Oil prices fell primarily due to a slump in consumption/demand in the 2nd quarter.
The most rapid way to reduce the gas price is to alleviate domestic deliveries of imported oil with sales from the reserve, just like we've done several times before.
And no, future supply has very little effect on market price, only realized supply makes major differences. This is why the market is primarily supply/demand driven, instead of maybe/maybe not.
I think it's adorable when people who have never been involved in the financial industry pretend to understand commodity market dynamics.
You want oil so bad? Go drill it out of Iraq.
Quit complaining about low oil prices. That means you're paying less for gas. And that should make you happy.
You are correct, speculation runs the market as well as supply and demand!
Wake up. The oil industry is price-gouging. The American government is finally putting some pressure on them to lower the prices. Not enough, but it's a start.
An average oil executive owns six mansions, a dozen luxury cars, and five condos. Meanwhile some Americans can barely afford the gasoline to drive to work.
Yep, it went up by the damn speculators and going down now by them because the data shows increase in reserves.
A slight decline also fall in conjunction to Obama's pledge to sell 70 Million barrels of oil from the reserve, a strategy that helped drop the price of fuel during the energy crisis of '79.
Drilling may not impact the cost of oil in the long term for various reasons. One of the foremost is in a free market the oil does not necessarily have to be sold to America even if it is obtained. It will go to who is willing to pay the best price.
The increased supply will not be seen for 5-10 years even with a successful drilling project. Even when that crude is extracted America currently lacks the refining capacity.
Think about it, we wouldn't BE IN THIS MESS if it wasn't for speculators in the first place.
It's all about the driving season - I think the market timed it with 'Back to school date'
What's a poor liberal to do!? The Surge worked %26amp; we cant gripe about how bad the war is going, NOW the pump prices are coming down. We wont have ANYTHING to gripe about.!! BOOHOO Maybe the global warming will reverse %26amp; start an ICE AGE, now thats the kind of stuff we can pin on Bush!! OR maybe the Persid meteor shower will fall %26amp; cause a tsunami, we can blame him for donating too much to the UN!!
Nope, it was not not the mention of drilling.
Conservation plus Less Demand
Americans have driven 40 Billion miles less in the past seven months pushing down demand for gas by 2.4%.
all bush did was lift the executive ban on off-shore drilling.
without congress doing the same that means almost nothing.
then as now the supply of crude is Still stable.
as always speculation is a short term problem
the free market always corrects itself (economics 101)
----------------------
and from todays Wall Street news..
Oil Prices still falling due to consumer Demand.
Traders sold oil contracts on the belief that prices are still to high in relation to DEMAND and have further room to fall.
..$ 4.00 per gallon gas has clearly killed demand.Oil prices have gone down with just the mention of drilling, isn't the price now being SPECULATED downward?
Oil prices are going down because of the lowering demand and increased value of the dollar.
For those of you who think it is lowering because of talks of future drilling, what are you smoking?
Oil price directly related to Value of dollar.
US Dollar is getting worthless. Can you imagine US has 482 billion dollar budget deficit.
Ignorant libs? You claim that the prices of oil drop merely on the mention of 'drilling' and you call us ignorant? I suggest you start studying how the market works. Oil is a commodity and everyone, including myself, who plays the market knew that the price of oil was a market bubble waiting to burst. It had nothing to do with drilling, it had everything to do with what people were willing to pay on the commodities market. You know, just like the housing pricing and mortgage bubble burst. The part you forget to mention is that oil is on an upward trend despite the bubble burst. Over the long term it is going to adjust and just keep rising as demand keeps rising.
Thats the way the market works and why McCain said that and I paraphrase that the mental impact would lower prices. This is what he meant. The futures market responses to what future brings and knowing that the drilling ban ends September 30th and Bush and the Republicans won't let the Dems renew it will have that ';mental'; effect.
As far as the Strategic Oil Reserve I have to say it is sad that Obama rather put his election campaign ahead of our National Security. The man will be a disaster.
You're right! All we have to do is to have companies say they are preparing to drill and prices would come way down. Let's face it, liberals don't won't prices to come down.
How about if I promise you a candy bar in 2030?
Will you lower the price for me now?
Why not? Too long to get your candy?
Not so sure I can take delivery?
That's oil, they are bidding on taking delivery in three months.
Talk of drilling, even the presidents removal of the moratorium on offshore drilling that Bush One put in place isn't making the difference. That candy won't be ready until 2020.
I think they simply found the highest price that the market will bear without hurting their businesses.
An that's about all it will ever be.
I used candy as an example to give you something apolitical that you would be familiar with purchasing.
thats how oil prices work speculation
If you follow the news for the last few months, oil prices have a lot more to do with stability in the Middle East than with the prospect of more domestic drilling. When Bush makes a speech threatening Iran (or vice versa), the price goes up. When spreading the war to Iran looks less likely, the price goes down.
The biggest development in that story recently is that Bush sent an envoy to negotiate with Iran, something that for years he swore he would never do. This is a big development! That's what has brought down the price of oil because war with Iran now looks much less likely.
There is no real shortage of oil! You said right in your question that the prices are caused by -speculation-, meaning futures trading. The supply of oil is not the problem, it's the future supply. If we got into a war with Iran and Iran closed off the Straits of Hormuz, that would cut off the entire supply of Middle East oil to the entire world. That's what is driving speculation in oil futures. The greater or smaller likelihood of that happening is what makes oil prices go up and down.
If you are going to call someone ignorant, perhaps it would be better if you knew more than they did.
The price of oil went up because of speculation. Speculation that Bush and McCain's threats of invading Iran would reduce the amount of oil. Speculation that Bush and McCain's threats against Venezuella would reduce the amount of oil. Speculation that Bush and McCain's refusal to encourage meaningful alternate energy or conservation would keep demand high. Speculation that Bush's inability to get the Saudis to increase the amount of oil they pump would keep supply low. Of course, Bush's cutting off of Iraqi oil didn't help.
What happened? Obama and the Democrats used public opinion to force Bush to actually ask the Saudis to pump more and, low and behold, the Saudis agreed.
What happened, Congress started working on a bill to discourage speculation. Since speculators would end up losing money (or not making as much) less speculation occured and the price went down.
So the Democratic Congress has succeeded in counteracting some of the Republican high energy price policy. The price of oil is still 6 times what it was before Bush and the Republicans started pushing the prices higher.
Drilling will bring the price down. just a fact of supply and demand. And to ignorant Mo Fo's (lib or conservative) - we need more refineries.
LMAO, ironic that you used the word ignorant.
Oil prices fell primarily due to a slump in consumption/demand in the 2nd quarter.
The most rapid way to reduce the gas price is to alleviate domestic deliveries of imported oil with sales from the reserve, just like we've done several times before.
And no, future supply has very little effect on market price, only realized supply makes major differences. This is why the market is primarily supply/demand driven, instead of maybe/maybe not.
I think it's adorable when people who have never been involved in the financial industry pretend to understand commodity market dynamics.
You want oil so bad? Go drill it out of Iraq.
Quit complaining about low oil prices. That means you're paying less for gas. And that should make you happy.
You are correct, speculation runs the market as well as supply and demand!
Wake up. The oil industry is price-gouging. The American government is finally putting some pressure on them to lower the prices. Not enough, but it's a start.
An average oil executive owns six mansions, a dozen luxury cars, and five condos. Meanwhile some Americans can barely afford the gasoline to drive to work.
Yep, it went up by the damn speculators and going down now by them because the data shows increase in reserves.
A slight decline also fall in conjunction to Obama's pledge to sell 70 Million barrels of oil from the reserve, a strategy that helped drop the price of fuel during the energy crisis of '79.
Drilling may not impact the cost of oil in the long term for various reasons. One of the foremost is in a free market the oil does not necessarily have to be sold to America even if it is obtained. It will go to who is willing to pay the best price.
The increased supply will not be seen for 5-10 years even with a successful drilling project. Even when that crude is extracted America currently lacks the refining capacity.
Think about it, we wouldn't BE IN THIS MESS if it wasn't for speculators in the first place.
It's all about the driving season - I think the market timed it with 'Back to school date'
What's a poor liberal to do!? The Surge worked %26amp; we cant gripe about how bad the war is going, NOW the pump prices are coming down. We wont have ANYTHING to gripe about.!! BOOHOO Maybe the global warming will reverse %26amp; start an ICE AGE, now thats the kind of stuff we can pin on Bush!! OR maybe the Persid meteor shower will fall %26amp; cause a tsunami, we can blame him for donating too much to the UN!!
The OIL price?
the barrel is now $78 and in 2001 it was $10.00 the price of oil will carry on rising . i think.... imagine saudi arabia filling i think its 9million barrels a day... an extra $110,000,000 PER DAY. here we are the government making millions from us poor drivers and the oil producing countries minting millions. Look who's Laughing? And just a little bit of disruption...prices go mad... is this a conspiracy to get the middle east and oil producing countries even richer? and us poorer?The OIL price?
wait till it runs out
then we're all skrewdThe OIL price?
We dont need oil! they (arabs) run the world and have made us dependant on it, or so they would like us to think!!!
well oil ,our lifeblood and one day it will be in our own blood,rest assured it can not run out,also their are other sources for oil too. well before the next fifty years i suspect a major virus and a nuclear war of some kind,so oil will be safe and sound below the grunge till the end of time,and we humans,use ugly bastards will be burning everything we can get our paws on ,it wont run out, the little green men will arrive one day with new technology's for the western powers,well we hope anyway,meantime enjoy the smoke and deep breaths of all that c,02 poison,and dint forget the Teflon cook wear its good for the blood too,not as good as oil and poverty through,most extra moneys for these governments goes for military,bombs bullets etc. we also fun most western governments and love a good democracy too,if oil price goes to high, people will not be able to get to work or eat food anymore,i guess soilent green of some kind and walking to work would do ,but i think not enough to go around.anyway it will work out as failure is not a option,but getting old and sick is ,governments are betting on that....also remimber that all production has peaked and with china and other countries moving up to mega standards,their is just not enough of the 90,00,000 barrals a day to keep the prices low like they were,these prices are suppose to reduce the number of barrals used by decreasing demand, much like trianing a dog or cat ,but in this case the governments just want to trian you to use less oil and pay more =bust your bank ,so you learn to be trined like they need you to be. these middle eastern oil prodecers have no heart and soul, just oil puppets ,one just needs to understand they are not in control anymore ,they could not stop producing if they wanted too,they have more money than god ,but once you buy everthing western possible ,then only piles of money to collect and its only paper......oh also if governments wish to increase production at this point,well they will sacrifice some of our planet to do it,as big mess for more than 150,000,000 a day expected by 2008,good day
Nope. It's boring old economics. OPEC countries are producing at full tilt, OPEC being the main price-fixing cartel, of which many western producers are members along with most middle eastern producers. The only way to get prices down is to produce more. If you can't do that, you can't get prices down.
the fact is that oil demand is constantly rising (note China's ongoing awakening) but oil production is peaking. Result: mad prices. Better get used to them.
Was it all a Liberal conspiracy to bring down the U.S. by preventing us from exploring for oil and supplying enough for our own consumption? Did Liberal tree-huggers conspire to make us slaves to the Middle Eastern nuts in order to bring us down?
Is GreenPeace funded by Saudi Arabia?
Are Democrats funded by Middle Eastern interests?
What's the deal?
check this out gas is only $ 1.75 in puerto ricco. go figure
God, some people on here are so bloody stupid. It isnt 'Lefties' who are pushing the oil prices up. Its free market capitalism.
Think about it, we demand a global market place where prices are set by conditions, yeah? Its a big Anglo-American idea and we love it, until other countries get one over us.
So OPEC is screwing us out of millions, we brought ourselves to this. When we stopped being self-reliant and opened up our markets, as the right wing told us, we became slaves to OPEC.
Thanks a bunch, damn psychopathic capitalists.
Oh, btw, what the hell is Speedfreak on about..Greenpeace funded by Saudi Arabia?
Jesus, someones parents were brother and sister methinks...
Well, the liberals fight to keep us from drilling for our own oil supplies. They much rather have us dependant on middle-east oil.
u.s gasoline is still a lot cheaper than here in the u.k so stop bitching and come and try our prices,then you would really have some thing to ***** about.
Have any of you people ever taken an economics course? Do you see whats happening in the Middle East right now? Does someone need to explain supply and demand to you? Speculators drive the price of oil up when there is violence in the Middle East because of fear of supply disruption. Supply does down, price goes up! Now someone please tell me how the government is controlling the price of oil. You really need to get away from Air America.
So what are we going to do about it? Moan? Be outraged?
There are already elegant solutions to the energy crises. We can generate energy without it costing the environment and produce it far more cheaply than oil.
Wake up to the real problem on this planet at the moment. Corporations. They are often blind, greedy and selfish. They operate out of a vaguely sociopathic mindset. And no-one gets blamed because we become invisible inside the machine. ';I'm just doing my job.';
We worried once that robots would take over the world. Well they have. The robots are corporations that just build and dig without respect for humanity. They leech off us. They will control us if we let them..
wait till it runs out
then we're all skrewdThe OIL price?
We dont need oil! they (arabs) run the world and have made us dependant on it, or so they would like us to think!!!
well oil ,our lifeblood and one day it will be in our own blood,rest assured it can not run out,also their are other sources for oil too. well before the next fifty years i suspect a major virus and a nuclear war of some kind,so oil will be safe and sound below the grunge till the end of time,and we humans,use ugly bastards will be burning everything we can get our paws on ,it wont run out, the little green men will arrive one day with new technology's for the western powers,well we hope anyway,meantime enjoy the smoke and deep breaths of all that c,02 poison,and dint forget the Teflon cook wear its good for the blood too,not as good as oil and poverty through,most extra moneys for these governments goes for military,bombs bullets etc. we also fun most western governments and love a good democracy too,if oil price goes to high, people will not be able to get to work or eat food anymore,i guess soilent green of some kind and walking to work would do ,but i think not enough to go around.anyway it will work out as failure is not a option,but getting old and sick is ,governments are betting on that....also remimber that all production has peaked and with china and other countries moving up to mega standards,their is just not enough of the 90,00,000 barrals a day to keep the prices low like they were,these prices are suppose to reduce the number of barrals used by decreasing demand, much like trianing a dog or cat ,but in this case the governments just want to trian you to use less oil and pay more =bust your bank ,so you learn to be trined like they need you to be. these middle eastern oil prodecers have no heart and soul, just oil puppets ,one just needs to understand they are not in control anymore ,they could not stop producing if they wanted too,they have more money than god ,but once you buy everthing western possible ,then only piles of money to collect and its only paper......oh also if governments wish to increase production at this point,well they will sacrifice some of our planet to do it,as big mess for more than 150,000,000 a day expected by 2008,good day
Nope. It's boring old economics. OPEC countries are producing at full tilt, OPEC being the main price-fixing cartel, of which many western producers are members along with most middle eastern producers. The only way to get prices down is to produce more. If you can't do that, you can't get prices down.
the fact is that oil demand is constantly rising (note China's ongoing awakening) but oil production is peaking. Result: mad prices. Better get used to them.
Was it all a Liberal conspiracy to bring down the U.S. by preventing us from exploring for oil and supplying enough for our own consumption? Did Liberal tree-huggers conspire to make us slaves to the Middle Eastern nuts in order to bring us down?
Is GreenPeace funded by Saudi Arabia?
Are Democrats funded by Middle Eastern interests?
What's the deal?
check this out gas is only $ 1.75 in puerto ricco. go figure
God, some people on here are so bloody stupid. It isnt 'Lefties' who are pushing the oil prices up. Its free market capitalism.
Think about it, we demand a global market place where prices are set by conditions, yeah? Its a big Anglo-American idea and we love it, until other countries get one over us.
So OPEC is screwing us out of millions, we brought ourselves to this. When we stopped being self-reliant and opened up our markets, as the right wing told us, we became slaves to OPEC.
Thanks a bunch, damn psychopathic capitalists.
Oh, btw, what the hell is Speedfreak on about..Greenpeace funded by Saudi Arabia?
Jesus, someones parents were brother and sister methinks...
Well, the liberals fight to keep us from drilling for our own oil supplies. They much rather have us dependant on middle-east oil.
u.s gasoline is still a lot cheaper than here in the u.k so stop bitching and come and try our prices,then you would really have some thing to ***** about.
Have any of you people ever taken an economics course? Do you see whats happening in the Middle East right now? Does someone need to explain supply and demand to you? Speculators drive the price of oil up when there is violence in the Middle East because of fear of supply disruption. Supply does down, price goes up! Now someone please tell me how the government is controlling the price of oil. You really need to get away from Air America.
So what are we going to do about it? Moan? Be outraged?
There are already elegant solutions to the energy crises. We can generate energy without it costing the environment and produce it far more cheaply than oil.
Wake up to the real problem on this planet at the moment. Corporations. They are often blind, greedy and selfish. They operate out of a vaguely sociopathic mindset. And no-one gets blamed because we become invisible inside the machine. ';I'm just doing my job.';
We worried once that robots would take over the world. Well they have. The robots are corporations that just build and dig without respect for humanity. They leech off us. They will control us if we let them..
Current Oil Price?
http://inboxpromotions.blogspot.com/2008/06/current-oil-price.htmlCurrent Oil Price?
Up and down daily:
However, at the end of Tuesdays trading oil reached $138 a barrel, before dropping back towards $135.70 for Brent crude(British), and $137.30 in for US.
Sources:
1 London stock exchange.
2. WTI.
Note that this may change tomorrow though. The business section of your newspaper, or a website will give you updates.Current Oil Price?
No Problem
Even in hitting 200/barrel..
Since we are an oil producing country too.
Without expertise, goods, services and technology in the oil and gas industry
With 30% equity rights on everthing off the land as tribe with non-existence rights of original descendant.
Since all the oil fields is within the tribe with non-existence rights of original descendant.
In kicking the butts of God in not worshiping God.
Luke 3.7-9.
While trying to be a global player too.
With '; Charge of the light calvary';
Revealation 16.14
When we had been short-changed, conned and deceived with cheap-skate ghostly stories on success and glory in idol worshiping the dead Mummy of failures and horrors of the past to be a global player in town.
While paying everything from our pockets at 10.80/gallon on fuel with high rising cost on foods too.
The problem is what if the oil reverse back to 30/ barrel?
That is more of a problems.
Luke 9.25,55-56,60
What do you think?
just check it at www.nymex.com
Up and down daily:
However, at the end of Tuesdays trading oil reached $138 a barrel, before dropping back towards $135.70 for Brent crude(British), and $137.30 in for US.
Sources:
1 London stock exchange.
2. WTI.
Note that this may change tomorrow though. The business section of your newspaper, or a website will give you updates.Current Oil Price?
No Problem
Even in hitting 200/barrel..
Since we are an oil producing country too.
Without expertise, goods, services and technology in the oil and gas industry
With 30% equity rights on everthing off the land as tribe with non-existence rights of original descendant.
Since all the oil fields is within the tribe with non-existence rights of original descendant.
In kicking the butts of God in not worshiping God.
Luke 3.7-9.
While trying to be a global player too.
With '; Charge of the light calvary';
Revealation 16.14
When we had been short-changed, conned and deceived with cheap-skate ghostly stories on success and glory in idol worshiping the dead Mummy of failures and horrors of the past to be a global player in town.
While paying everything from our pockets at 10.80/gallon on fuel with high rising cost on foods too.
The problem is what if the oil reverse back to 30/ barrel?
That is more of a problems.
Luke 9.25,55-56,60
What do you think?
just check it at www.nymex.com
Who is to blame for the rising oil prices?
i know there are many contenders .. who are some.. of one of the main ppl who can be balmed for this oil crisis?Who is to blame for the rising oil prices?
Don't you mean 'what is to blame?' In order of effect on prices
1. Supply and Demand. - Everybody
2. The sliding value of the dollar - Mostly due to $3trillion in additional debt accumulated by Bush tax cuts and war spending
3. Instability in the Oil producing regions - Bush's invasion in Iraq
4. Lack of infrastructure investment by Oil companies that would increase capacity. US energy policy and greedy oil companies
5. Buying up huge amounts of oil and stock piling it. - US energy PolicyWho is to blame for the rising oil prices?
Demand out pacing production.
The fear that demand will out pace production.
......................................鈥?br>
People want to blame the value of the US dollar,
But that doesn't work.
Oil prices have increased 187% over the last 15 months, after only increasing 6% the 6 years previously.
The valuve of the US dollar, hasn't decreased in value 187% in the last 15 months.
......................................鈥?br>
People want to blame it on the US some how.
Like the US, is responsible for the world wide price of oil.
It's funny, you ave americans blaming the US government.
Brits blaming the british government.
French blaming the french government,
Germans blaming the german government,
Everyone wants to blame the worldwide price of oil, on someone local.
......................................鈥?br>
people act like they somehow Deserve to be able to buy oil, for the price they want to pay for it.
And thats totally silly.
That would be no different than people demanding to buy a Porshe for $10,000 and demanding the government do something, to make them cost that cheap !!!!!!!
The Fed for devaluating the dollar, Congress for inflating the dollar, and our ill-advised foreign/domestic policy makers.
Btw, Opec is not responsible for high prices. They put the price on how much value there is in the dollar, and since there isn't any, that is a reason it is high, and also food here at home. Take care.
Democrats - Outright refusal to allow use to increase domestic production while the Chinese are drilling off the coast of Florida.
Democrats - Taking pride in causing harm to the American Economy by refusing to allow additional refineries to be built.
Congress and the SEC - for refusing to allow a margin requirement for trading in oil futures.
Congess and the SEC for allowing Endowments and Pension funds to invest in commodities futrues.
Bill Clinton and his administration for allowing the consolidation of the oil industry down to a 3 company cartel.
Clinton, Bush, Congress for allowing oil to be traded on a global market instead of the individual markets.
The States who are allowed to tax gasoline at rates 3 to 5 times that of the Fed.
The Fed for charging an exorbitant tax, for requiring useless and unnecessary ingredients proven to be nothing more than royalty grabbers for chemical producers with powerful lobbies.
The people who don't want to drill here in the US or build any new refineries. They should be tarred and feathered and/or hung.
Of course the main cause of the price being what it is is not the rise of the price of oil, but the devaluation of the dollar - that is the fault of the Federal Reserve.
The government. Some people think we get the same amount of gas, but the government is holding the gas for some kind of reason. Maybe for the air force, or something.
China, instability in middle east, speculators, gas guzzling SUV's, enviromentalists, supply and demand.
A lot. The politicians, OPEC, enviornmentalists, speculators. take your pick.
Whoever the damn fools are that are paying these prices.
Democrates and Republicans
Congress, they're too stupid to not just take it from hear, and charge WAY Too much.
duh the one in office
The President Of The United States......
The Buck stops with Bush.
That's right, it takes a real man to say that.
Don't you mean 'what is to blame?' In order of effect on prices
1. Supply and Demand. - Everybody
2. The sliding value of the dollar - Mostly due to $3trillion in additional debt accumulated by Bush tax cuts and war spending
3. Instability in the Oil producing regions - Bush's invasion in Iraq
4. Lack of infrastructure investment by Oil companies that would increase capacity. US energy policy and greedy oil companies
5. Buying up huge amounts of oil and stock piling it. - US energy PolicyWho is to blame for the rising oil prices?
Demand out pacing production.
The fear that demand will out pace production.
......................................鈥?br>
People want to blame the value of the US dollar,
But that doesn't work.
Oil prices have increased 187% over the last 15 months, after only increasing 6% the 6 years previously.
The valuve of the US dollar, hasn't decreased in value 187% in the last 15 months.
......................................鈥?br>
People want to blame it on the US some how.
Like the US, is responsible for the world wide price of oil.
It's funny, you ave americans blaming the US government.
Brits blaming the british government.
French blaming the french government,
Germans blaming the german government,
Everyone wants to blame the worldwide price of oil, on someone local.
......................................鈥?br>
people act like they somehow Deserve to be able to buy oil, for the price they want to pay for it.
And thats totally silly.
That would be no different than people demanding to buy a Porshe for $10,000 and demanding the government do something, to make them cost that cheap !!!!!!!
The Fed for devaluating the dollar, Congress for inflating the dollar, and our ill-advised foreign/domestic policy makers.
Btw, Opec is not responsible for high prices. They put the price on how much value there is in the dollar, and since there isn't any, that is a reason it is high, and also food here at home. Take care.
Democrats - Outright refusal to allow use to increase domestic production while the Chinese are drilling off the coast of Florida.
Democrats - Taking pride in causing harm to the American Economy by refusing to allow additional refineries to be built.
Congress and the SEC - for refusing to allow a margin requirement for trading in oil futures.
Congess and the SEC for allowing Endowments and Pension funds to invest in commodities futrues.
Bill Clinton and his administration for allowing the consolidation of the oil industry down to a 3 company cartel.
Clinton, Bush, Congress for allowing oil to be traded on a global market instead of the individual markets.
The States who are allowed to tax gasoline at rates 3 to 5 times that of the Fed.
The Fed for charging an exorbitant tax, for requiring useless and unnecessary ingredients proven to be nothing more than royalty grabbers for chemical producers with powerful lobbies.
The people who don't want to drill here in the US or build any new refineries. They should be tarred and feathered and/or hung.
Of course the main cause of the price being what it is is not the rise of the price of oil, but the devaluation of the dollar - that is the fault of the Federal Reserve.
The government. Some people think we get the same amount of gas, but the government is holding the gas for some kind of reason. Maybe for the air force, or something.
China, instability in middle east, speculators, gas guzzling SUV's, enviromentalists, supply and demand.
A lot. The politicians, OPEC, enviornmentalists, speculators. take your pick.
Whoever the damn fools are that are paying these prices.
Democrates and Republicans
Congress, they're too stupid to not just take it from hear, and charge WAY Too much.
duh the one in office
The President Of The United States......
The Buck stops with Bush.
That's right, it takes a real man to say that.
What do you think is the reason that the price of oil and gasoline has gone up so much in the US?
The debasement of the US dollar. coupled with increased demand and lack of refining capacity.What do you think is the reason that the price of oil and gasoline has gone up so much in the US?
Because the price has gone up everywhere, including for the oil companies themselves. The present problem is a shortage of 'light sweet crude,' a variety of petroleum from which you can easily get a lot of gasoline. You can extract gasoline from other sorts of crude oil, but it's more expensive to do so.
But there are shortages of everything, including rice, copper, corn, and fresh water. We may be experiencing the first symptoms of overpopulation.What do you think is the reason that the price of oil and gasoline has gone up so much in the US?
For over 30 years we've been blocked by Congress ( bought and paid for by the Enviromentalists ) from building new refineries or modernizing old ones.
Our refineries can't keep up with demand so we have to import refined oil products at much higher costs,that includes gasoline.
Add in that drilling new wells is also a NO-NO and we're screwed.
Add in world wide demand and we're even more screwed.
Congress's answer,'; Conserve,until we find a miracle fuel to replace gasoline.';
To help you conserve they'll raise taxes.
Demand exceeds supply, it has nothing to do with the President. We the consumers are partially to blame (big cars, wasteful driving practices such as driving too fast and taking unnecessary trips). The Liberals are also partially to blame, they won't allow new drilling in a lot of oil rich areas (including areas where Mexico, Cuba and Venezuela are drilling, off our shores) they will also not permit nuclear reactors (but the Navy has been using them for years without any accidents). Also, the value of the dollar has an effect, the dollar has been dropping due to poor decisions by lots of people, such as buying homes and cars they can't afford and not paying their debts. So to answer your question, we are all to blame (but most people want to blame someone else).
Three main reasons:
1) Steadily increasing demand both here in the US and with the emerging markets of China and India.
2) Oil speculators heavy investment in oil futures have driven up the price
3) The weak US dollar abroad. The US dollar use to be the international currency. It is slowly being replaced by the Euro.
The combination of the devalued US dollar and the futures market. Also, there are only 5 major oil companies in the U.S. The government should break them up to cause more competition between them. Right now, they just all charge about the same based on OPEC rather than finding ways of generating energy in cheaper ways.
because the Middle East oil giants can do whatever they want. In addition, I really believe - despite US presence at various places throughout the Middle East - that the entire Middle East has said ';enough'; regarding Iraq and Afghanistan. I believe they have no intention of producing more oil no matter what we want. It's all a matter of supply and demand at this point. Bigger stronger countries need petro also. the Middle Easts does not have to depend on us anymore. Thus, they do as they please.
added:
we all know by now that bush went about the Iraq invasion all WRONG. under different leadership we could well have negotiated with Hussein rather than going in and causing the continual deaths of tens of thousands of innocents. Those people hate us. - They did not greet us with roses, and they never will.
I definitely blame Bush for this one. Anti-war groups have said from day one that this war is all about how much oil Bush can obtain from the Middle East. Not saying that I believe it, but I highly suspect that the high monetary amounts people are paying are going to fund this war, which by the way, we're never going to win.
Because a former Texas oilman is currently in the White House, so they can get away with jacking gas prices up as much as they want.
http://www.usatoday.com/money/energy/200鈥?/a>
http://abcnews.go.com/GMA/story?id=18419鈥?/a>
Because it's getting harder and harder to find oil so it's getting more expensive by the barrel. Hense, the reason we're paying 4 dollars a gallon.
Oil speculators on Wall Street. OPEC's current strategy. Value of the dollar on the currency market. Collusion among oil companies. Lack of honesty in Congress.
Anti U.S. Interests (Arab %26amp; OPEC) are creating a false shortage to drive the price of crude up in order to crush the U.S. economy. Here's yer sign...(shhhh)
http://en.wikipedia.org/wiki/Peak_oil
1) Rise in demand while supply stagnant
2) Commodity speculators.
Liberal Democratic environmentalists and the Global environmentalist movement.
g. w. b.
It's pretty obvious that OPEC is intent on bringing everyone to their knees!
Because the price has gone up everywhere, including for the oil companies themselves. The present problem is a shortage of 'light sweet crude,' a variety of petroleum from which you can easily get a lot of gasoline. You can extract gasoline from other sorts of crude oil, but it's more expensive to do so.
But there are shortages of everything, including rice, copper, corn, and fresh water. We may be experiencing the first symptoms of overpopulation.What do you think is the reason that the price of oil and gasoline has gone up so much in the US?
For over 30 years we've been blocked by Congress ( bought and paid for by the Enviromentalists ) from building new refineries or modernizing old ones.
Our refineries can't keep up with demand so we have to import refined oil products at much higher costs,that includes gasoline.
Add in that drilling new wells is also a NO-NO and we're screwed.
Add in world wide demand and we're even more screwed.
Congress's answer,'; Conserve,until we find a miracle fuel to replace gasoline.';
To help you conserve they'll raise taxes.
Demand exceeds supply, it has nothing to do with the President. We the consumers are partially to blame (big cars, wasteful driving practices such as driving too fast and taking unnecessary trips). The Liberals are also partially to blame, they won't allow new drilling in a lot of oil rich areas (including areas where Mexico, Cuba and Venezuela are drilling, off our shores) they will also not permit nuclear reactors (but the Navy has been using them for years without any accidents). Also, the value of the dollar has an effect, the dollar has been dropping due to poor decisions by lots of people, such as buying homes and cars they can't afford and not paying their debts. So to answer your question, we are all to blame (but most people want to blame someone else).
Three main reasons:
1) Steadily increasing demand both here in the US and with the emerging markets of China and India.
2) Oil speculators heavy investment in oil futures have driven up the price
3) The weak US dollar abroad. The US dollar use to be the international currency. It is slowly being replaced by the Euro.
The combination of the devalued US dollar and the futures market. Also, there are only 5 major oil companies in the U.S. The government should break them up to cause more competition between them. Right now, they just all charge about the same based on OPEC rather than finding ways of generating energy in cheaper ways.
because the Middle East oil giants can do whatever they want. In addition, I really believe - despite US presence at various places throughout the Middle East - that the entire Middle East has said ';enough'; regarding Iraq and Afghanistan. I believe they have no intention of producing more oil no matter what we want. It's all a matter of supply and demand at this point. Bigger stronger countries need petro also. the Middle Easts does not have to depend on us anymore. Thus, they do as they please.
added:
we all know by now that bush went about the Iraq invasion all WRONG. under different leadership we could well have negotiated with Hussein rather than going in and causing the continual deaths of tens of thousands of innocents. Those people hate us. - They did not greet us with roses, and they never will.
I definitely blame Bush for this one. Anti-war groups have said from day one that this war is all about how much oil Bush can obtain from the Middle East. Not saying that I believe it, but I highly suspect that the high monetary amounts people are paying are going to fund this war, which by the way, we're never going to win.
Because a former Texas oilman is currently in the White House, so they can get away with jacking gas prices up as much as they want.
http://www.usatoday.com/money/energy/200鈥?/a>
http://abcnews.go.com/GMA/story?id=18419鈥?/a>
Because it's getting harder and harder to find oil so it's getting more expensive by the barrel. Hense, the reason we're paying 4 dollars a gallon.
Oil speculators on Wall Street. OPEC's current strategy. Value of the dollar on the currency market. Collusion among oil companies. Lack of honesty in Congress.
Anti U.S. Interests (Arab %26amp; OPEC) are creating a false shortage to drive the price of crude up in order to crush the U.S. economy. Here's yer sign...(shhhh)
http://en.wikipedia.org/wiki/Peak_oil
1) Rise in demand while supply stagnant
2) Commodity speculators.
Liberal Democratic environmentalists and the Global environmentalist movement.
g. w. b.
It's pretty obvious that OPEC is intent on bringing everyone to their knees!
Will be going down oil price?! ^^?
I think!
do you think so?! ^^Will be going down oil price?! ^^?
Yes. Evidence below:
1) 2000 Bush v. Gore - Gas prices soared (but not to the levels we've seen since) and Bush campaign made much of lack of oil policy under Clinton. It hurt Gore really bad, because Gore was at the time also talking about global warming and the need to clear emissions.
2) Bush friendly with Saudi Arabia AND with Texas oil refinery business (Hint-Hint - who has profited nicely since Bush won in 2000). His friends can raise or drop prices at will - its connections to oil that control prices in America. Bush has lots of oil connections. They will drop prices until elections are over in order to guarantee Republicans get re-elected and the oil refineries can then raise prices and continue to polute with Congressional support.
3) Gas prices drop for NO reason just as Bush begins to rally the public to elect republicans some 90 days from now.
Oh, yeah. Bush Administration has, and will, control gas prices to serve their purposes at the drop of a hat (even if its only to continue enriching the ';good 'ol boys'; in Texas who fund his elections.Will be going down oil price?! ^^?
Why not?
In time.
With all the credit cards due?
Why an old saying ';Children are to be seen and not to be heard';
Does not change with time.
But stay in time for the good of mankind.
Luke 8.10,17
What do you think?
I not think so.
Because Its compare with world price.
Somtime oil price in middle west occured increase or
decrease not regular.jane iredale
do you think so?! ^^Will be going down oil price?! ^^?
Yes. Evidence below:
1) 2000 Bush v. Gore - Gas prices soared (but not to the levels we've seen since) and Bush campaign made much of lack of oil policy under Clinton. It hurt Gore really bad, because Gore was at the time also talking about global warming and the need to clear emissions.
2) Bush friendly with Saudi Arabia AND with Texas oil refinery business (Hint-Hint - who has profited nicely since Bush won in 2000). His friends can raise or drop prices at will - its connections to oil that control prices in America. Bush has lots of oil connections. They will drop prices until elections are over in order to guarantee Republicans get re-elected and the oil refineries can then raise prices and continue to polute with Congressional support.
3) Gas prices drop for NO reason just as Bush begins to rally the public to elect republicans some 90 days from now.
Oh, yeah. Bush Administration has, and will, control gas prices to serve their purposes at the drop of a hat (even if its only to continue enriching the ';good 'ol boys'; in Texas who fund his elections.Will be going down oil price?! ^^?
Why not?
In time.
With all the credit cards due?
Why an old saying ';Children are to be seen and not to be heard';
Does not change with time.
But stay in time for the good of mankind.
Luke 8.10,17
What do you think?
I not think so.
Because Its compare with world price.
Somtime oil price in middle west occured increase or
decrease not regular.
If you controlled oil prices for your own profit?
Would the price of gas be low right now?If you controlled oil prices for your own profit?
for my own profit? Heck no, consumers would be paying out the a** because I'd be making bank! But for me---I have morals and a conscience-thus, I'd try to make it reasonable.If you controlled oil prices for your own profit?
If i controlled oil price for my own profit i don't think the gas price would be low or not for anyone. its just how business is.
Resources are valuable if there are less of them. Take gold for example.
umm, depending on how much it costs i guess.
i'd put it as low as possible but high enough for me to have a nice house and everything. i wouldn't price gouge!
Nope...It'd be $5.00 per gal. Pretty much where they are now so no. :/
No no that's not fair. Okay, yes, they'd be low. Maybe $2.00
Yes, it would be pretty low. But my chosen career is a missionary. I'm not into that whole money thing.
the price of gas would be 50 cents a gallon for us....$15.00 a gallon for all Arab lands.
One man does not control anything... Its allot of diplomacy and pen to paper stuff....
Yes
no
for my own profit? Heck no, consumers would be paying out the a** because I'd be making bank! But for me---I have morals and a conscience-thus, I'd try to make it reasonable.If you controlled oil prices for your own profit?
If i controlled oil price for my own profit i don't think the gas price would be low or not for anyone. its just how business is.
Resources are valuable if there are less of them. Take gold for example.
umm, depending on how much it costs i guess.
i'd put it as low as possible but high enough for me to have a nice house and everything. i wouldn't price gouge!
Nope...It'd be $5.00 per gal. Pretty much where they are now so no. :/
No no that's not fair. Okay, yes, they'd be low. Maybe $2.00
Yes, it would be pretty low. But my chosen career is a missionary. I'm not into that whole money thing.
the price of gas would be 50 cents a gallon for us....$15.00 a gallon for all Arab lands.
One man does not control anything... Its allot of diplomacy and pen to paper stuff....
Yes
no
Which stock depend on Oil price ????????
XOM or VLO... .. Why??
VLO is in oil business????????Which stock depend on Oil price ????????
both.Which stock depend on Oil price ????????
Both of them do. Both are oil refiners. As long as they can sell their refined products for more than they buy, or produce, the oil these companies will make money.
VLO is in oil business????????Which stock depend on Oil price ????????
both.Which stock depend on Oil price ????????
Both of them do. Both are oil refiners. As long as they can sell their refined products for more than they buy, or produce, the oil these companies will make money.
Why do liberals blame Bush for the oil prices when the high oil prices are the liberals fault?
Liberal environmentalists not allowing us to drill our own oil. Any time we find oil in our own country the liberals immediately go to work to make sure we can't drill it.Why do liberals blame Bush for the oil prices when the high oil prices are the liberals fault?
Good question! The news today says gas prices have gone up in every country. President Bush's evil plan must include the world's gas prices. I thought Iran hated us but they are willing to sell large amounts of oil to India just to help raise the gas prices. The news is either wrong or the liberals are once again blaming the wrong person.Why do liberals blame Bush for the oil prices when the high oil prices are the liberals fault?
if you talk about invading one of the largest oil producing countries... that invasion will most likely disrupt the oil suppy, therefore creating a lack of supply... so even talk of an invastion will (and did) drive up oil prices... is it that difficult to understand? Report Abuse
How did invading Iraq disrupt the oil supply? I thought the evil Bush invaded Iraq for oil. If he invaded for oil wouldn't we be getting more oil. I don't understand why the evil Bush doesn't just steal the oil from Iraq, then the oil supply wouldn't be disrupted. Report Abuse
... I was talking about Iran and the recent ';talk'; about invading... Iran has much more oil.... in case you haven't been paying attention, both Iraq did and Iran would sabotage the oil fields making them useless for a year or so, halting the supply Report Abuse
We ';invaded Iran'; once already - Desert Storm - %26amp; we didn't take their oil or disrupt the oil. They tried blowing up the oil fields. If we wanted the oil, a nuke would clean the area %26amp; still save the oil. Are you riding a bike everywhere you go? Oil is a necessary evil, much like liberals. Report Abuse
Why do idiot repuglican try to put the blame on democrats for protecting the environment, I would like to drill for oil in your back yard and see how you would like it oh by the way we need a new landfill and I will put that in your back yard also.
that is so funny snot almost shot out of my nose.
Drilling a puny reserve like Alaska is not going to have long term effects on price, mon frer... It may produce a little more oil in the short run, but it will run out too. Liberals push for alternative fuels, and more mileage from the fuels we have. If we had drilled Alaska when they were first talking about it, it would be getting pretty low or gone by now anyway. How much oil did they say was there? How much oil do we use per day?
And I somehow doubt that it was Liberals that gave the SUV tax break to corporations!!! I mean, really now. Tax break for hybrids, I can see. Tax break for buying SUV's???
What the Liberals are mad about is not the price of oil, it is the record profits that oil companies are taking home while we are being charged this much for oil. If it were only supply and demand, like you infer in your question, that would be a different thing entirely.
Let me put it this way:
I buy apples for $1 apiece, and then sell you the apples for $2 apiece. That part is fine with everyone. I have a $1 profit level per apple, and my margin is 100% markup.
Now let us say that my cost on apples suddenly goes up to $1.50 per, which is a 50% hike in the price I pay, so I hike the price you pay also by 50%, to $3 apiece. Sounds fair, doesn't it? However, my profit level just went from $1 per apple to $1.50 per apple! I am making record profits! It is at this point that you liberalize and realize that I should be charging you $2.50 and not $3.00 in order to maintain my $1 per apple profit ';level'; which was originally agreeable, even though I would be losing profit ';margin';. You still need the apples, so you will still buy them from me.
I offer the suggestion that if I were allowed to pick the apples out of your yard, it may reduce my cost on apples. Sounds pretty good, except that these are special apples which will not grow back for another million years, so once you eat all these apples, the price will go right back up to where it was, had I even lowered it in the first place. You see, with these apples you pay the ';replacement cost'; and not anything based on the cost I paid for them. This means that if I take all those other apples, and have them at my apple polishing plant, the cost of me buying new apples is the same as it was before I ever walked into your yard. Everything is the same, except now you have a mangled up stump because it is easier to pick apples if the tree is cut down..
Perhaps at this point you would argue that my family is good friends with the largest applegrowers in the world, and I should be able to get a break and pass it along to you... but me and my applegrowing buddies are making more money than ever, and I'm not even up for reelection. I would listen to you because...?
And that's where we are now. Just make the profit on oil a flat amount above cost, instead of a percentage above cost, and everything will be fixed. Talk to your Republican friends and make it happen. We Liberals will shut the hell up at that point. And drilling will only make a short term profit for the oil companies, and not a long term supply or lower costs for consumers.
Liberals blame conservatives for everything, and vice versa. That's just the way it is. And yes, conservatives are trying to do something about the oil prices.
Answer, the liberal mind is not capable of common sense or reason. Instead the liberal mind is based on emotion and knee jerk reactions which causes the liberal to point at anything that they percieve to be at fault. The liberal could never blame itself as they have a ';I am a victim'; mentality and a victim can never be blamed for anything.
Yea, we succeeded in overthrowing King George W! Go Liberals!
Actually... the conservatives have had control of the both the congress since the 2nd term of the Clinton administration. So all that has been said and done is all the fault of the conservatives... and since the oil has been a recent problem i think the people who have been in charge the most recent (the conservatives) get all the blame for this oil crisis of which you speak of.
Please do a little research before you ask a question in which you imply someone is responsible for something. I bet your just a kid who only knows what his perants tell him about politics.
Well.. there goes my shot for best answer.
ANWAR reserves will not make a dent on oil supplies.
Who stopped the oil coming from Iraq by invading it?
Who has been unable to get Iraq up to full production again?
And who is making the world market even more nervous by choosing to confront Iran with demands instead of using diplomacy?
On top of all this, is the possibility that certain oil-state republicans would love to use any fluctuation in the oil prices as an excuse to push through a plan to drill in ANWAR. And don't think that the oil companies are helpless to control rising oil prices. Just last week they announced gigantic profits for all the time last year when they were whining about damage from Katrina, all the time taking huge profits.
You can move to a more polluted area like where they buried all the nuclear waste and also it would be 10 years by the time a pipeline was ran from Alaska anyway. Hell by then we can have solar instead of fossil fuels plus save on the environment unless you want no wildlife and your future children to live in pollution
hahaha... why is it that Conservatives blame everything on liberals even though they have control of congress and the presidency... are people actually stupid enough to think that the Republicans couldn't do something about it if they wanted too?
I mean how many things have the Repubs already pushed through that the dems didn't want... two Supreme court justices come to mind... but oil... we can't do anything about that... hahahaha
Oh and could you pleace cite the source for just how much it would affect the oil market... you won't cite it, because it would barely make a difference... how about basing YOUR ideas on some FACTS?
HAVE REPUBLICANS EVEN TRIED TO DO ANYTHING... NOPE... WHY... BECAUSE OIL COMPANIES ARE MAKING SO MUCH MONEY, THEY DON'T WANT IT TO CHANGE... PERIOD.
Why do liberals blame Bush; the answer is simple politics. It is obvious that for some time now the Democrats (liberals) have no agenda other then blame Bush. They offer no solutions, no plan, no agenda, for if they did the people would realise they have no answers. Thus - they have to do the one thing that resonates with the public right now which is blame a President who has the record lowest approval rating of all time. Remember that nearly 90% of all reporters are registered democrats too; and so they enjoy the support of the press. The media is not asking them what their agenda is; they merely give them 30 second sound bites on ';blaming Bush.';
If you we're to see a democratic agenda it would probably include;
1) More taxes particularly on what they define as wealthy (which is the employed).
2) More regulations particularly on big companies that will reduce their efforts to seek more oil, increase supply and help to reduce demand.
3) And my favorite - a government installed price cap; which failed in the 70's but hey - their memory isn't that long.
You know, it is easy to believe whatever your father ot teacher tells you. Perhaps you should do a little more research into it.
Lots of things are driving oil prices up, and when we can buy it on the global market relatively cheaply there is no need to disrupt the local environment. It isn't bush that is doing it but his war.
Because liberals would rather piss and moan and point fingers than come up with viable solutions to problems.
lmao. thats a good one. did you know the US drills enough oil to sustain ourselves? you dont find it a bit odd that bush is good friends with all the oil barons in the middle east? or that haliburton got the multi billion dollar deal to rebuild iraq when cheney was the president of that corporation before he became vice president? hmmm. sounds a little fishy to me...
Although it is debated (because not many people know the real answer) currently crude oil supply is ample. However, the supply of gasoline from refineries is low. (so they say)
It's not a drilling issue, its a refinery issue, if you believe in supply and demand with the oil industry.
Because spine-less sheep have nothing else to do but point fingers.
Next question...
no your wrong .it his fault the big oil company really put him in office .now he can't make any move with out letting them have a say.it suck like hell.you know it this hole country know it .he has made mistake after mistake.the biggest idiot i have ever seen.
Most our oil comes from US and Can. Some of us blame Junior because he has all this oil experience and all these oil buddies and all he can come up with is lowering environmental standards or that the republican supported multinational corporations outsourcing jobs to other countries which causes their economies to grow faster then normal and more oil is needed so we pay ten years from now prices all for corporate profits.
excellent point my friend...
Because that's what liberals do best. However, they are not to blame for high oil prices. Oil prices are driven by forces beyond the control of politicians, whether they be conservatives or liberals. Some examples of these forces include: 1. Supply and demand 2. Storms that interfere with production / refining 3. Geopolitical events, i. e. that goon in Iran who keeps saying he's gonna inhilate Israel...etc. Not much any of us can do about it other than drive less and try to find other ways to conserve.
Because Bush and the Republicans could introduce and APPROVE a bill to encourage the use of alternative fuel sources. It would drop the demand for oil and in turn drop the price. Do they teach economics to Republicans or is it not required to get a degree in hate?
Read ';Rule by Secrecy'; by Jim Marrs
This administration supports the fat greedy companies who speculate the price of oil that drive up the price of oil. It has nothing to do with supply and demand. President Bush best friends are Saudi's who control your oil supply and they dont want to take money out of their friends pocket books that is absurd. We ignore the countries that are unstable and when a country is unstable oil prices go up. They are not supporting alternative fuels they may say they do, but we have the technology to use alternative fuels. We dont because that would mean the oil companies would take a huge hit to their $300 billion dollar profits. The government doesnt know if companies are price gouging why? because every time we cry about price gouging the price goes down? Funny how that works! Not to mention we support oppressive Islamic dictatorships that cause terrorism and higher oil prices.
Your being really ridiculous. The Government taxes and oil profits are at record highs. All this is, is the Republicans trickle down theory, that doesn't work. It's just called forced inflation with price and demand. Nobody is buying your rant. Americans know what the truth is. The oil companies are making record fortunes.
There is not that much oil in Anwar. The high oil prices have a lot to do with chaos in the Middle East, which has a lot to do with the Iraqi War.
Why do you think we are in Iraq. It's all about the Oil. How much longer is this going to go on? It's always the same old story,the rich get richer. Mr. Bush and his family are making tons of money day in and day out on this oil crisis. We all will just go on day by day and pay whatever the price is. We have to go to work and school.
Good question! The news today says gas prices have gone up in every country. President Bush's evil plan must include the world's gas prices. I thought Iran hated us but they are willing to sell large amounts of oil to India just to help raise the gas prices. The news is either wrong or the liberals are once again blaming the wrong person.Why do liberals blame Bush for the oil prices when the high oil prices are the liberals fault?
if you talk about invading one of the largest oil producing countries... that invasion will most likely disrupt the oil suppy, therefore creating a lack of supply... so even talk of an invastion will (and did) drive up oil prices... is it that difficult to understand? Report Abuse
How did invading Iraq disrupt the oil supply? I thought the evil Bush invaded Iraq for oil. If he invaded for oil wouldn't we be getting more oil. I don't understand why the evil Bush doesn't just steal the oil from Iraq, then the oil supply wouldn't be disrupted. Report Abuse
... I was talking about Iran and the recent ';talk'; about invading... Iran has much more oil.... in case you haven't been paying attention, both Iraq did and Iran would sabotage the oil fields making them useless for a year or so, halting the supply Report Abuse
We ';invaded Iran'; once already - Desert Storm - %26amp; we didn't take their oil or disrupt the oil. They tried blowing up the oil fields. If we wanted the oil, a nuke would clean the area %26amp; still save the oil. Are you riding a bike everywhere you go? Oil is a necessary evil, much like liberals. Report Abuse
Why do idiot repuglican try to put the blame on democrats for protecting the environment, I would like to drill for oil in your back yard and see how you would like it oh by the way we need a new landfill and I will put that in your back yard also.
that is so funny snot almost shot out of my nose.
Drilling a puny reserve like Alaska is not going to have long term effects on price, mon frer... It may produce a little more oil in the short run, but it will run out too. Liberals push for alternative fuels, and more mileage from the fuels we have. If we had drilled Alaska when they were first talking about it, it would be getting pretty low or gone by now anyway. How much oil did they say was there? How much oil do we use per day?
And I somehow doubt that it was Liberals that gave the SUV tax break to corporations!!! I mean, really now. Tax break for hybrids, I can see. Tax break for buying SUV's???
What the Liberals are mad about is not the price of oil, it is the record profits that oil companies are taking home while we are being charged this much for oil. If it were only supply and demand, like you infer in your question, that would be a different thing entirely.
Let me put it this way:
I buy apples for $1 apiece, and then sell you the apples for $2 apiece. That part is fine with everyone. I have a $1 profit level per apple, and my margin is 100% markup.
Now let us say that my cost on apples suddenly goes up to $1.50 per, which is a 50% hike in the price I pay, so I hike the price you pay also by 50%, to $3 apiece. Sounds fair, doesn't it? However, my profit level just went from $1 per apple to $1.50 per apple! I am making record profits! It is at this point that you liberalize and realize that I should be charging you $2.50 and not $3.00 in order to maintain my $1 per apple profit ';level'; which was originally agreeable, even though I would be losing profit ';margin';. You still need the apples, so you will still buy them from me.
I offer the suggestion that if I were allowed to pick the apples out of your yard, it may reduce my cost on apples. Sounds pretty good, except that these are special apples which will not grow back for another million years, so once you eat all these apples, the price will go right back up to where it was, had I even lowered it in the first place. You see, with these apples you pay the ';replacement cost'; and not anything based on the cost I paid for them. This means that if I take all those other apples, and have them at my apple polishing plant, the cost of me buying new apples is the same as it was before I ever walked into your yard. Everything is the same, except now you have a mangled up stump because it is easier to pick apples if the tree is cut down..
Perhaps at this point you would argue that my family is good friends with the largest applegrowers in the world, and I should be able to get a break and pass it along to you... but me and my applegrowing buddies are making more money than ever, and I'm not even up for reelection. I would listen to you because...?
And that's where we are now. Just make the profit on oil a flat amount above cost, instead of a percentage above cost, and everything will be fixed. Talk to your Republican friends and make it happen. We Liberals will shut the hell up at that point. And drilling will only make a short term profit for the oil companies, and not a long term supply or lower costs for consumers.
Liberals blame conservatives for everything, and vice versa. That's just the way it is. And yes, conservatives are trying to do something about the oil prices.
Answer, the liberal mind is not capable of common sense or reason. Instead the liberal mind is based on emotion and knee jerk reactions which causes the liberal to point at anything that they percieve to be at fault. The liberal could never blame itself as they have a ';I am a victim'; mentality and a victim can never be blamed for anything.
Yea, we succeeded in overthrowing King George W! Go Liberals!
Actually... the conservatives have had control of the both the congress since the 2nd term of the Clinton administration. So all that has been said and done is all the fault of the conservatives... and since the oil has been a recent problem i think the people who have been in charge the most recent (the conservatives) get all the blame for this oil crisis of which you speak of.
Please do a little research before you ask a question in which you imply someone is responsible for something. I bet your just a kid who only knows what his perants tell him about politics.
Well.. there goes my shot for best answer.
ANWAR reserves will not make a dent on oil supplies.
Who stopped the oil coming from Iraq by invading it?
Who has been unable to get Iraq up to full production again?
And who is making the world market even more nervous by choosing to confront Iran with demands instead of using diplomacy?
On top of all this, is the possibility that certain oil-state republicans would love to use any fluctuation in the oil prices as an excuse to push through a plan to drill in ANWAR. And don't think that the oil companies are helpless to control rising oil prices. Just last week they announced gigantic profits for all the time last year when they were whining about damage from Katrina, all the time taking huge profits.
You can move to a more polluted area like where they buried all the nuclear waste and also it would be 10 years by the time a pipeline was ran from Alaska anyway. Hell by then we can have solar instead of fossil fuels plus save on the environment unless you want no wildlife and your future children to live in pollution
hahaha... why is it that Conservatives blame everything on liberals even though they have control of congress and the presidency... are people actually stupid enough to think that the Republicans couldn't do something about it if they wanted too?
I mean how many things have the Repubs already pushed through that the dems didn't want... two Supreme court justices come to mind... but oil... we can't do anything about that... hahahaha
Oh and could you pleace cite the source for just how much it would affect the oil market... you won't cite it, because it would barely make a difference... how about basing YOUR ideas on some FACTS?
HAVE REPUBLICANS EVEN TRIED TO DO ANYTHING... NOPE... WHY... BECAUSE OIL COMPANIES ARE MAKING SO MUCH MONEY, THEY DON'T WANT IT TO CHANGE... PERIOD.
Why do liberals blame Bush; the answer is simple politics. It is obvious that for some time now the Democrats (liberals) have no agenda other then blame Bush. They offer no solutions, no plan, no agenda, for if they did the people would realise they have no answers. Thus - they have to do the one thing that resonates with the public right now which is blame a President who has the record lowest approval rating of all time. Remember that nearly 90% of all reporters are registered democrats too; and so they enjoy the support of the press. The media is not asking them what their agenda is; they merely give them 30 second sound bites on ';blaming Bush.';
If you we're to see a democratic agenda it would probably include;
1) More taxes particularly on what they define as wealthy (which is the employed).
2) More regulations particularly on big companies that will reduce their efforts to seek more oil, increase supply and help to reduce demand.
3) And my favorite - a government installed price cap; which failed in the 70's but hey - their memory isn't that long.
You know, it is easy to believe whatever your father ot teacher tells you. Perhaps you should do a little more research into it.
Lots of things are driving oil prices up, and when we can buy it on the global market relatively cheaply there is no need to disrupt the local environment. It isn't bush that is doing it but his war.
Because liberals would rather piss and moan and point fingers than come up with viable solutions to problems.
lmao. thats a good one. did you know the US drills enough oil to sustain ourselves? you dont find it a bit odd that bush is good friends with all the oil barons in the middle east? or that haliburton got the multi billion dollar deal to rebuild iraq when cheney was the president of that corporation before he became vice president? hmmm. sounds a little fishy to me...
Although it is debated (because not many people know the real answer) currently crude oil supply is ample. However, the supply of gasoline from refineries is low. (so they say)
It's not a drilling issue, its a refinery issue, if you believe in supply and demand with the oil industry.
Because spine-less sheep have nothing else to do but point fingers.
Next question...
no your wrong .it his fault the big oil company really put him in office .now he can't make any move with out letting them have a say.it suck like hell.you know it this hole country know it .he has made mistake after mistake.the biggest idiot i have ever seen.
Most our oil comes from US and Can. Some of us blame Junior because he has all this oil experience and all these oil buddies and all he can come up with is lowering environmental standards or that the republican supported multinational corporations outsourcing jobs to other countries which causes their economies to grow faster then normal and more oil is needed so we pay ten years from now prices all for corporate profits.
excellent point my friend...
Because that's what liberals do best. However, they are not to blame for high oil prices. Oil prices are driven by forces beyond the control of politicians, whether they be conservatives or liberals. Some examples of these forces include: 1. Supply and demand 2. Storms that interfere with production / refining 3. Geopolitical events, i. e. that goon in Iran who keeps saying he's gonna inhilate Israel...etc. Not much any of us can do about it other than drive less and try to find other ways to conserve.
Because Bush and the Republicans could introduce and APPROVE a bill to encourage the use of alternative fuel sources. It would drop the demand for oil and in turn drop the price. Do they teach economics to Republicans or is it not required to get a degree in hate?
Read ';Rule by Secrecy'; by Jim Marrs
This administration supports the fat greedy companies who speculate the price of oil that drive up the price of oil. It has nothing to do with supply and demand. President Bush best friends are Saudi's who control your oil supply and they dont want to take money out of their friends pocket books that is absurd. We ignore the countries that are unstable and when a country is unstable oil prices go up. They are not supporting alternative fuels they may say they do, but we have the technology to use alternative fuels. We dont because that would mean the oil companies would take a huge hit to their $300 billion dollar profits. The government doesnt know if companies are price gouging why? because every time we cry about price gouging the price goes down? Funny how that works! Not to mention we support oppressive Islamic dictatorships that cause terrorism and higher oil prices.
Your being really ridiculous. The Government taxes and oil profits are at record highs. All this is, is the Republicans trickle down theory, that doesn't work. It's just called forced inflation with price and demand. Nobody is buying your rant. Americans know what the truth is. The oil companies are making record fortunes.
There is not that much oil in Anwar. The high oil prices have a lot to do with chaos in the Middle East, which has a lot to do with the Iraqi War.
Why do you think we are in Iraq. It's all about the Oil. How much longer is this going to go on? It's always the same old story,the rich get richer. Mr. Bush and his family are making tons of money day in and day out on this oil crisis. We all will just go on day by day and pay whatever the price is. We have to go to work and school.
What would be a good secondary home heating source to cut the cost of oil prices.?
get a wood burner!
1. looks great, impresses visitors, very cosy on a cold night ;)
2. burns wood which is cheap and a sustainable fuelWhat would be a good secondary home heating source to cut the cost of oil prices.?
Solar panels,wind power are super sources of energy
but they work only sometimes according to weather.
Use uranium (if you own a power plant) and because of radiation after its used up scientists can recharge them for a big price.or else use water power if there is a river (actually i am thinking of attaching a pinwheel to a generator and puuting it under a tap and fill a bucket full of water)
if you have cows and cowdung you can produce methane.
I think solar's the best here and methane (might be stinky)
im not so sure about recharging
i hope so that helped
ttfn!What would be a good secondary home heating source to cut the cost of oil prices.?
HAVE YOU INSULATED TO THE MAX TO BE MORE EFFICIENT ? HOW ABOUT DOUBLE OR TRIPLE PANE WINDOWS ? WEATHER SEALS ON DOORS AND WINDOWS ? ALL OF THESE ARE ONE TIME EXPENSES AND WILL SAVE NO MATTER WHAT WAY YOU USE TO HEAT WITH .
You should probably try stuff thats cheaper in ur area, like my area electricity is really really cheap so i use electricity to power my heaters.
Do what DC says plus install a heat pump. It will heat down to about 30 degrees outside temp . Lower temps will need your oil system to kick in.
electric storage heaters also make sure house especially attic is fully insultated
Go Solar!
1. looks great, impresses visitors, very cosy on a cold night ;)
2. burns wood which is cheap and a sustainable fuelWhat would be a good secondary home heating source to cut the cost of oil prices.?
Solar panels,wind power are super sources of energy
but they work only sometimes according to weather.
Use uranium (if you own a power plant) and because of radiation after its used up scientists can recharge them for a big price.or else use water power if there is a river (actually i am thinking of attaching a pinwheel to a generator and puuting it under a tap and fill a bucket full of water)
if you have cows and cowdung you can produce methane.
I think solar's the best here and methane (might be stinky)
im not so sure about recharging
i hope so that helped
ttfn!What would be a good secondary home heating source to cut the cost of oil prices.?
HAVE YOU INSULATED TO THE MAX TO BE MORE EFFICIENT ? HOW ABOUT DOUBLE OR TRIPLE PANE WINDOWS ? WEATHER SEALS ON DOORS AND WINDOWS ? ALL OF THESE ARE ONE TIME EXPENSES AND WILL SAVE NO MATTER WHAT WAY YOU USE TO HEAT WITH .
You should probably try stuff thats cheaper in ur area, like my area electricity is really really cheap so i use electricity to power my heaters.
Do what DC says plus install a heat pump. It will heat down to about 30 degrees outside temp . Lower temps will need your oil system to kick in.
electric storage heaters also make sure house especially attic is fully insultated
Go Solar!
How do the oil prices of 1980 compare to present day?
in 1989 I only bought Supreme gas and it cost me $1.31 a gallon
Do you think oil prices should be regulated like a utility?
The electric companies, phone companies and water companies cannot raise their prices without PUC (Public Utilities Commision) and the FCC approvalDo you think oil prices should be regulated like a utility?
Those companies are domestic, we cannot control the prices of OPEC by law but by supply and demand we can.Do you think oil prices should be regulated like a utility?
Without a doubt. Oil needs to be nationalized and the gross profits to BP and Exxon reduced. The government subsidizes these entities and they are no more than a monopoly. When the CEO of Exxon makes $25440 an HOUR we have a corporation out of control and the common working man and woman are screwed.
Nationalize oil now.
TWO REASON NOT
One Utilities are a domestic good and oil in America is mostly a foreign good, and thus American laws are not edict on Oil prices.
Two Utilities are a natural monopoly, which firm can produce a desired output at a lower social cost than two or more firms.
If oil was run as a natural monopoly, the price would of the social cost would be skyrocketed because to offset the supply and demand.
Check out gas prices very similar right...A monopoly if I ever saw one.
Without government subsidizing the prices, this would be impossible - and with government subsidies, we will be paying for it indirectly anyway.
No they'd be even higher, trust me I know.
Oil is beyond control of the United States. Doesn't matter.
But we can control the value of the dollar. Which used to be used to pay for the oil. The lower the value of a dollar the more expensive the oil.
We are $10 trillion in debt. If we want cheaper oil pucker up and start paying taxes or cut that $500 billion military budget.
I think we should just give Detroit big tax cuts to make electric cars that get 300 miles per 15 charge, before the Japanese do, then it is a problem solved.
With the drop in oil consumption, the oil companies would have much less demand.
Get serious. The world no longer rotates around the US economy. And the world operates , by and large , as a free market. Involving the Government is the dumbest thing we could possibly do. If that's the route you want to go - let's get us an Emperor and become Commies.
No. I prefer the free market economy that was the basis of the Constitution.
Those commissions are corrupt, just like every other gov't agency/institution.
No. If prices and oil company profits were really a concern, oil consumption would drop considerably. I think I finally did hear that one month dropped recently for the first time in many decades, but we'd need the consumption to drop for a few months to really have any impact.
If that happens, then oil prices will drop in order to increase demand. The problem right now is that people are willing to pay the prices, so there's no reason for oil companies to lower them. Shame on companies for providing a product that I want at a price I am willing to pay! If price is important, people would cut back on their oil usage where they can. Instead people complain constantly about oil prices but then go fill up their boat and go zipping around the lake. Maybe if gas at the pumps hits $4/gallon, people will finally start cutting back and force the price downwards.
The danger of regulating them is that there will become shortages of oil, since at least part of the higher prices is do to supply and demand. In our case, the shortage in supply is more from lack of refining capacity but the end result is the same.
No. But I do find it interesting that the big oil companies, those guys making record profits, hold thier hands up and say they have NOTHING to do with consumer gas prices.
Nope, the free market will deal with our over consumption problems. If the prices stay high, people will start walking, riding bicycles, car pooling, and investing in making homes and cars more efficient. Eventually, when demand goes down the prices of oil and gas will too.
This will have prompted a much needed change in American culture. When the government forces the hands of the people by creating laws and regulations, a sector of society will push back against it, and continue their wasteful habits no matter the cost just to resist the forced change.
Regulated as a utility? Have you looked at your electric bill lately?? They have a fuel charge on mine that is more than the electric charge!!jane iredale
Those companies are domestic, we cannot control the prices of OPEC by law but by supply and demand we can.Do you think oil prices should be regulated like a utility?
Without a doubt. Oil needs to be nationalized and the gross profits to BP and Exxon reduced. The government subsidizes these entities and they are no more than a monopoly. When the CEO of Exxon makes $25440 an HOUR we have a corporation out of control and the common working man and woman are screwed.
Nationalize oil now.
TWO REASON NOT
One Utilities are a domestic good and oil in America is mostly a foreign good, and thus American laws are not edict on Oil prices.
Two Utilities are a natural monopoly, which firm can produce a desired output at a lower social cost than two or more firms.
If oil was run as a natural monopoly, the price would of the social cost would be skyrocketed because to offset the supply and demand.
Check out gas prices very similar right...A monopoly if I ever saw one.
Without government subsidizing the prices, this would be impossible - and with government subsidies, we will be paying for it indirectly anyway.
No they'd be even higher, trust me I know.
Oil is beyond control of the United States. Doesn't matter.
But we can control the value of the dollar. Which used to be used to pay for the oil. The lower the value of a dollar the more expensive the oil.
We are $10 trillion in debt. If we want cheaper oil pucker up and start paying taxes or cut that $500 billion military budget.
I think we should just give Detroit big tax cuts to make electric cars that get 300 miles per 15 charge, before the Japanese do, then it is a problem solved.
With the drop in oil consumption, the oil companies would have much less demand.
Get serious. The world no longer rotates around the US economy. And the world operates , by and large , as a free market. Involving the Government is the dumbest thing we could possibly do. If that's the route you want to go - let's get us an Emperor and become Commies.
No. I prefer the free market economy that was the basis of the Constitution.
Those commissions are corrupt, just like every other gov't agency/institution.
No. If prices and oil company profits were really a concern, oil consumption would drop considerably. I think I finally did hear that one month dropped recently for the first time in many decades, but we'd need the consumption to drop for a few months to really have any impact.
If that happens, then oil prices will drop in order to increase demand. The problem right now is that people are willing to pay the prices, so there's no reason for oil companies to lower them. Shame on companies for providing a product that I want at a price I am willing to pay! If price is important, people would cut back on their oil usage where they can. Instead people complain constantly about oil prices but then go fill up their boat and go zipping around the lake. Maybe if gas at the pumps hits $4/gallon, people will finally start cutting back and force the price downwards.
The danger of regulating them is that there will become shortages of oil, since at least part of the higher prices is do to supply and demand. In our case, the shortage in supply is more from lack of refining capacity but the end result is the same.
No. But I do find it interesting that the big oil companies, those guys making record profits, hold thier hands up and say they have NOTHING to do with consumer gas prices.
Nope, the free market will deal with our over consumption problems. If the prices stay high, people will start walking, riding bicycles, car pooling, and investing in making homes and cars more efficient. Eventually, when demand goes down the prices of oil and gas will too.
This will have prompted a much needed change in American culture. When the government forces the hands of the people by creating laws and regulations, a sector of society will push back against it, and continue their wasteful habits no matter the cost just to resist the forced change.
Regulated as a utility? Have you looked at your electric bill lately?? They have a fuel charge on mine that is more than the electric charge!!
Does this mean oil prices likely to rise further?
Natural disaster: Oil extraction suspended and damaged when Hurricane Gustav sweeps the Gulf.
Man made disaster: Russia diverts oil from Europe to Asia due to EU sanctions.Does this mean oil prices likely to rise further?
Definitely. And with McCain preparing to bomb Iran when he is elected, expect to pay 拢2 plus at the pumps. Does this mean oil prices likely to rise further?
right on broken glass, I left, the coast in the late 90's because all my work phased out as they closed the wells. People away from there think only in terms of OIL. don't realize the far reaching effects to other industry, If the wells had stayed working there would have been a lot more local moneys to repair and rebuild, then all these people who complain that ';their'; money is being wasted on the area wouldn't have as much to complain about. The coast alone can't supply all that is needed but it would certainly keep the prices manageable.
Yes. However, oil is not ';running out'; as some answerer's noted. I live on the Gulf Coast and there are literally hundreds (if not thousands) of ';capped'; oil wells thanks to the Clinton/Gore administration. There is plenty of oil, and it sickens me when these people (public figures and media) say that it's running out. The Clinton/Gore administration sold ';contracts'; to all of the people (here) who had oil wells in the 90's saying that they'd pay them a certain $ amount per year for the term of their contract for them to cap their oil wells and to not drill as part of an environmental plan. However, the $ they're being paid is about 1/4 what they made when they were drilling. Most still have 5-10 years left on their contracts before they can start pumping and drilling again. The oil fields were replaced with soy beans, cotton, and peanuts until these contracts expire. There is plenty of oil in the US alone, but we're being led to believe that there isn't. We simply want to deplete everyone else's supplies and resources before using our own. Most of the oil platforms in the gulf don't even pump oil. They find it and cap it. I'm not trying to feed you propaganda or anything else. I'm telling you the honest truth that most of us in the South know.
Supply and Demand dictate price. If the market gets even the slight perception, the supply will be disrupted,i.e gustav or russia, then prices are likely to rise.
The price so far has not gone up to much,b/c the market has the perception that in the even of an emergency, the govt will realease oil from its strategic reserve.
Yes it will.
the only answer to this is to build nuclear power stations to reduce the quantity req.
the only trouble with this is we will probably let other country,s build them because the government have no for sight.I know your thinking the government are not that stupid,Just watch.
Oil prices will continue to rise because it is running out. Any disasters will not make much difference.
Unfortunately, YES!
oil will constantly rise in pricese becuse there is less and less of it all the time
YES, fill up the tank today. Be smart!!
saying it simple: yes it is
i'm walking 10 miles today to have the haircut.
Yes - here we go again!
Man made disaster: Russia diverts oil from Europe to Asia due to EU sanctions.Does this mean oil prices likely to rise further?
Definitely. And with McCain preparing to bomb Iran when he is elected, expect to pay 拢2 plus at the pumps. Does this mean oil prices likely to rise further?
right on broken glass, I left, the coast in the late 90's because all my work phased out as they closed the wells. People away from there think only in terms of OIL. don't realize the far reaching effects to other industry, If the wells had stayed working there would have been a lot more local moneys to repair and rebuild, then all these people who complain that ';their'; money is being wasted on the area wouldn't have as much to complain about. The coast alone can't supply all that is needed but it would certainly keep the prices manageable.
Yes. However, oil is not ';running out'; as some answerer's noted. I live on the Gulf Coast and there are literally hundreds (if not thousands) of ';capped'; oil wells thanks to the Clinton/Gore administration. There is plenty of oil, and it sickens me when these people (public figures and media) say that it's running out. The Clinton/Gore administration sold ';contracts'; to all of the people (here) who had oil wells in the 90's saying that they'd pay them a certain $ amount per year for the term of their contract for them to cap their oil wells and to not drill as part of an environmental plan. However, the $ they're being paid is about 1/4 what they made when they were drilling. Most still have 5-10 years left on their contracts before they can start pumping and drilling again. The oil fields were replaced with soy beans, cotton, and peanuts until these contracts expire. There is plenty of oil in the US alone, but we're being led to believe that there isn't. We simply want to deplete everyone else's supplies and resources before using our own. Most of the oil platforms in the gulf don't even pump oil. They find it and cap it. I'm not trying to feed you propaganda or anything else. I'm telling you the honest truth that most of us in the South know.
Supply and Demand dictate price. If the market gets even the slight perception, the supply will be disrupted,i.e gustav or russia, then prices are likely to rise.
The price so far has not gone up to much,b/c the market has the perception that in the even of an emergency, the govt will realease oil from its strategic reserve.
Yes it will.
the only answer to this is to build nuclear power stations to reduce the quantity req.
the only trouble with this is we will probably let other country,s build them because the government have no for sight.I know your thinking the government are not that stupid,Just watch.
Oil prices will continue to rise because it is running out. Any disasters will not make much difference.
Unfortunately, YES!
oil will constantly rise in pricese becuse there is less and less of it all the time
YES, fill up the tank today. Be smart!!
saying it simple: yes it is
i'm walking 10 miles today to have the haircut.
Yes - here we go again!
If the price of gasoline is going down, why is the price of home heating oil going up?
Seasonal supply and demand, primarily. In winter people drive less and use more home heating oil.If the price of gasoline is going down, why is the price of home heating oil going up?
Different oils?If the price of gasoline is going down, why is the price of home heating oil going up?
u jus said it 2 different thing gas %26amp; oil next time ask a smart ? dont be slow all yo life ok
Actually the price of both correlates to the price of crude oil. As of the time I wrote this, the price of gasoline and heating oil before tax was $1.46 and $1.69, respectively. The price of heating oil may be a little higher, especially around this time of year, due to the upcoming winter season.
It's the end of the summer driving season and the beginning of Fall (it starts getting colder).
Different oils?If the price of gasoline is going down, why is the price of home heating oil going up?
u jus said it 2 different thing gas %26amp; oil next time ask a smart ? dont be slow all yo life ok
Actually the price of both correlates to the price of crude oil. As of the time I wrote this, the price of gasoline and heating oil before tax was $1.46 and $1.69, respectively. The price of heating oil may be a little higher, especially around this time of year, due to the upcoming winter season.
It's the end of the summer driving season and the beginning of Fall (it starts getting colder).
What are the factors causing crude oil prices to drop? It looks like it has dropped around 44% since mid July.?
The oil demand has actually decreased ever since it hit 100 dollars which means that the price was expanding because of china and the olympics. Now that the olympics are over china has stopped stock piling oil so which in effect has made the price drop off to where it should be at. It is as simple as that. Same thing with Potash and MosaicWhat are the factors causing crude oil prices to drop? It looks like it has dropped around 44% since mid July.?
Basically, investors have decided that the usage of petrochemicals will decline dramatically during the next few months. It won't likely drop that significantly. Most of the swing is based on follow the leader. If you think something is going up in value, you buy. If you think something is dropping in value, you sell. Meaning that the market swing is only indirectly representative of the actual changes in supply and demand.What are the factors causing crude oil prices to drop? It looks like it has dropped around 44% since mid July.?
Less global demand for oil. Less demand=lower crude oil price.
Read this you might find it useful, it helped me to forecast oil price for my micro economy class
Basically, investors have decided that the usage of petrochemicals will decline dramatically during the next few months. It won't likely drop that significantly. Most of the swing is based on follow the leader. If you think something is going up in value, you buy. If you think something is dropping in value, you sell. Meaning that the market swing is only indirectly representative of the actual changes in supply and demand.What are the factors causing crude oil prices to drop? It looks like it has dropped around 44% since mid July.?
Less global demand for oil. Less demand=lower crude oil price.
Read this you might find it useful, it helped me to forecast oil price for my micro economy class
Why is the price of amonium nitrate linked to the price of oil and natural gas? (for chemistry class)?
Because natural gas and oil are sources of hydrogen:
CH4 + O2 ===%26gt; 2H2 + CO
Hydrogen reacts with nitrogen of the air in the Haber-Bosch process to form ammonia:
N2 + 3H2 ===%26gt; 2NH3
Ammonia is oxidized to nitric acid in the Ostwald process:
NH3 + 2O2 ===%26gt; HNO3 + H2O
And ammonia reacts with nitric acid to form ammoium nitrate:
NH3 + HNO3 ===%26gt; NH4NO3
CH4 + O2 ===%26gt; 2H2 + CO
Hydrogen reacts with nitrogen of the air in the Haber-Bosch process to form ammonia:
N2 + 3H2 ===%26gt; 2NH3
Ammonia is oxidized to nitric acid in the Ostwald process:
NH3 + 2O2 ===%26gt; HNO3 + H2O
And ammonia reacts with nitric acid to form ammoium nitrate:
NH3 + HNO3 ===%26gt; NH4NO3
Can anybody tell me why did oil prices rise?
i want to know when the did oil prices strated to rise. Did it begin to rise cause of the war?Can anybody tell me why did oil prices rise?
Oil prices rise for a number of reasons. Most of them are tied to the price of futures on the commodities market. People/companies buy and sell futures (or the rights to future supplies) almost the same way they buy and sell shares of companies on the stock market. Basically, any event that may impact the demand for oil (increased summer driving, emerging economic markets like China, and many others), or any event that may impact the supply of oil (decreased production, war in oil producing nations, etc) can cause the prices to rise.
As with any market, the price may not truly reflect the actual supply or demand at any given moment. The price is more linked to trader's expectations about supply and demand.Can anybody tell me why did oil prices rise?
Under the Clinton administration oil prices kept down because of his relationship with oil producing nations that weren't part of OPEC. When OPEC cut oil production. Other nations like Venezuela, Nigeria and even Saudi Arabia( an opec member) increased production. So OPEC really was at a disadvantage and the cut was short lived. Under the Bush administration the relations with the non opec nations has soured he is not to well liked globally. He defied the United Nations and started the Irag war. He gave a blank check to the Oil and Military manufactures in the US. Why? Because he and others in his adminstration have financial interests in these industries. Two industries that made very little money when Clinton was in office. Second is the economy in China. They have thrown away their bicycles and now can afford cars. I think China pays less then half of what we pay for a gallon of gasoline. If they paid what we pay they would go back to the bicycles. The present administration is directly responsible for your high oil prices its that simple. The American public can do much to drive those prices down but are to ignorant to try. If you drive your vehicle at 55 mph you will save a minimum of 15% to a maximum of 23% fuel per gallon. If we do it natonwide just think about how much less the oil companies will sell. Prices will come down. Supply and Demand. More Supply and Less Demand. And a Much Cleaner environment. But the American driving public is to ignorant to do it.
The reason is falling US dollar.
Real truth is little bitter. US dollar is going down. we are loosing in the world market. We import more and export less. To know the debt we have to pay just click the link below.
OPEC ( Organization of the Petroleum Exporting Countries) As per the agreement in 1998 OPEC has to sell oil for US dollars only. As US dollar is going down OPEC countries are loosing money as they are getting less money for their oil. Because US is super power they are still selling oil for US dollars, facing huge loss by selling oil for US dollars. If OPEC members starts to sell oil for other world currencies dollar value may fall suddenly.
Countries like China and India exporting goods to US to get US dollars. With these US dollars they can buy oil. If OPEC starts selling oil in other currencies nobody is interested to export goods to us. Thus we may go further down. Its hard to digest. But this is the truth. This is the reason we are trying to attach Iran or Venezuela to keep them selling oil for dollars. But nobody knows how long they keep loosing money.
Because of US whole world is going down as US dollar is major currency of the world and all countries have plenty of dollars with them.
That's a GREAT freakin' question!!
Posssible. Whenthe war rises the oil started to rise. they are blocking the transports to a countries needing it
Because Bush %26amp; Cheney are greedy oil barrons and they just wanted to create wealth for their future generations. The war was just a front.
Supply goes down or demand goes up. Or taxes increase.
Oil prices rise for a number of reasons. Most of them are tied to the price of futures on the commodities market. People/companies buy and sell futures (or the rights to future supplies) almost the same way they buy and sell shares of companies on the stock market. Basically, any event that may impact the demand for oil (increased summer driving, emerging economic markets like China, and many others), or any event that may impact the supply of oil (decreased production, war in oil producing nations, etc) can cause the prices to rise.
As with any market, the price may not truly reflect the actual supply or demand at any given moment. The price is more linked to trader's expectations about supply and demand.Can anybody tell me why did oil prices rise?
Under the Clinton administration oil prices kept down because of his relationship with oil producing nations that weren't part of OPEC. When OPEC cut oil production. Other nations like Venezuela, Nigeria and even Saudi Arabia( an opec member) increased production. So OPEC really was at a disadvantage and the cut was short lived. Under the Bush administration the relations with the non opec nations has soured he is not to well liked globally. He defied the United Nations and started the Irag war. He gave a blank check to the Oil and Military manufactures in the US. Why? Because he and others in his adminstration have financial interests in these industries. Two industries that made very little money when Clinton was in office. Second is the economy in China. They have thrown away their bicycles and now can afford cars. I think China pays less then half of what we pay for a gallon of gasoline. If they paid what we pay they would go back to the bicycles. The present administration is directly responsible for your high oil prices its that simple. The American public can do much to drive those prices down but are to ignorant to try. If you drive your vehicle at 55 mph you will save a minimum of 15% to a maximum of 23% fuel per gallon. If we do it natonwide just think about how much less the oil companies will sell. Prices will come down. Supply and Demand. More Supply and Less Demand. And a Much Cleaner environment. But the American driving public is to ignorant to do it.
The reason is falling US dollar.
Real truth is little bitter. US dollar is going down. we are loosing in the world market. We import more and export less. To know the debt we have to pay just click the link below.
OPEC ( Organization of the Petroleum Exporting Countries) As per the agreement in 1998 OPEC has to sell oil for US dollars only. As US dollar is going down OPEC countries are loosing money as they are getting less money for their oil. Because US is super power they are still selling oil for US dollars, facing huge loss by selling oil for US dollars. If OPEC members starts to sell oil for other world currencies dollar value may fall suddenly.
Countries like China and India exporting goods to US to get US dollars. With these US dollars they can buy oil. If OPEC starts selling oil in other currencies nobody is interested to export goods to us. Thus we may go further down. Its hard to digest. But this is the truth. This is the reason we are trying to attach Iran or Venezuela to keep them selling oil for dollars. But nobody knows how long they keep loosing money.
Because of US whole world is going down as US dollar is major currency of the world and all countries have plenty of dollars with them.
That's a GREAT freakin' question!!
Posssible. Whenthe war rises the oil started to rise. they are blocking the transports to a countries needing it
Because Bush %26amp; Cheney are greedy oil barrons and they just wanted to create wealth for their future generations. The war was just a front.
Supply goes down or demand goes up. Or taxes increase.
Do you think there could besome kind of revolt against greed/manipulation in oil prices that affect common ppl
And what could trigger that ? How could it take shape ? And what timeframe do you see that happening ?
Please read the question carefully before answering. Appreciate your views on this as it affects all of us.Do you think there could besome kind of revolt against greed/manipulation in oil prices that affect common ppl
Do I think we'll see a reform in gas prices in this country? No, not while this administration is in the white house. Too many of Dubya's oil buddies are making a lot of money while ';the people'; are forced to pay some of the highest gas prices this country has ever seen. In my opinion, I find it ridiculous that oil companies and posting their largest profits ever while the people are paying more than $3 a gallon. Ten years ago I remember when gas broke the one dollar barrier. A revolt against greed/manipulation would mean taking money out of the pockets of the major oil houses and this goes against Dubya's personal motto, ';For the corporation, by the people.';
What, how, and when you ask. As soon as we get a President who can strike a balance between doing what is most beneficial for both the corporations and the people.jane iredale
Please read the question carefully before answering. Appreciate your views on this as it affects all of us.Do you think there could besome kind of revolt against greed/manipulation in oil prices that affect common ppl
Do I think we'll see a reform in gas prices in this country? No, not while this administration is in the white house. Too many of Dubya's oil buddies are making a lot of money while ';the people'; are forced to pay some of the highest gas prices this country has ever seen. In my opinion, I find it ridiculous that oil companies and posting their largest profits ever while the people are paying more than $3 a gallon. Ten years ago I remember when gas broke the one dollar barrier. A revolt against greed/manipulation would mean taking money out of the pockets of the major oil houses and this goes against Dubya's personal motto, ';For the corporation, by the people.';
What, how, and when you ask. As soon as we get a President who can strike a balance between doing what is most beneficial for both the corporations and the people.
Oil price solution?
OPEC sells oil for $136.00 a barrel.
%26gt;
%26gt;
%26gt;
%26gt;
%26gt;
%26gt;
%26gt;
%26gt; OPEC nations buy U.S. grain at $7.00 a bushel.
%26gt;
%26gt;
%26gt;
%26gt;
%26gt;
%26gt;
%26gt;
%26gt; Solution: Sell grain for $136.00 a bushel.
%26gt;
Can't buy it? Tough! Eat your oil!
%26gt;
%26gt;Oil price solution?
Reasonable or not, I like it.
Note that we already buy most of our oil from Canada already. I'm not saying we don't get any from them, because we do, just not all of it.
We should start raising the price of our commodities exports. $30 bread for the world, $1 bread for us. I like it.Oil price solution?
actually, that isn't how things work, but carry on, I wouldn't want to ruin your dreamworld.
BAH! what do I care about your little dreamworld reality?!
There are two major problems with the price of oil, and that is the value of the dollar, and the fact that the recently built exchanges in other countries aren't highly regulated.
BTW what you just suggested, is price controls, which is socialism or fascism, depending on where the idea originates, and how it is implemented.
er... or sell it to everyone else and get yer grain elsewhere giving 3rd party nations the chance to sell the oil required to run America for much more than the Arabs were going to get enriching everyone, except, er, the Americans who will be stuck w. rotting grain(s) and no market for them.
I say, capital idea Baldric!
yeah but we need and want thier oil more than they need and want our grain... lots of other places can and do grow good grains and at large quantities, not to mention all the alternative food sources such as range fed livestock, fruits, native wildlife, etc...... not exactly an abundance of oil supply out there or readily available alternative fuels ( mostly due to gov't ineptitude)... PLUS oil supply is very close to falling behind demand, food is not, at least not yet but some climate changes might change that soon enough
Ditto! I'm into land development. Through the years I've seen a lot of good farm land be developed into subdivisions..
I often thought that farm land should not be developed. In fact it should be against the law. Because one day we'll have the food and other nations will have the oil and we'll trade real nicely as such.
Maybe we ought to try not all driving Yukons, Explorers, Hummers, Suburbans, Land Rovers (for those who need status but never leave a paved road) giant full sized pickups for those who haul a piece of 4x8 plywood once every 3 years, etc. etc. Once our consumption goes down SIGNIFICANTLY, the price of oil will follow. It's a little pesky capitalist thing called 'supply and demand'. Exacerbating the problem are oil speculators, who are 'betting' on the price of oil increasing and driving up the price of 'futures', and the weak dollar, which currency oil is traded in.
Yea last I heard we had a sizable market control over the grain market.
Get real.
Anyone can grow grain.. not everyone can grow oil. These two commodities shouldn't even be compared. They will buy it cheaper somewhere else... and our grain industry will collapse.
reasonable solution
I like this better :
Drill [_]
|
|
|
|
\ /
in the US
and don't let the democrats use the oil
Motor scooters are looking pretty darned good right now!
Vote McCain. At least he wants to explore all possibilities and not ban anything!
Oil has put us on a slippery slope. {;-)
Brilliant. I'm sure everyone can afford to buy bread at $30 a loaf!
Its not the amount of oil thats the problem but the American dollar losing its value.
we should go back to using horses
.....or we just......**** it, im with you
%26gt;
%26gt;
%26gt;
%26gt;
%26gt;
%26gt;
%26gt;
%26gt; OPEC nations buy U.S. grain at $7.00 a bushel.
%26gt;
%26gt;
%26gt;
%26gt;
%26gt;
%26gt;
%26gt;
%26gt; Solution: Sell grain for $136.00 a bushel.
%26gt;
Can't buy it? Tough! Eat your oil!
%26gt;
%26gt;Oil price solution?
Reasonable or not, I like it.
Note that we already buy most of our oil from Canada already. I'm not saying we don't get any from them, because we do, just not all of it.
We should start raising the price of our commodities exports. $30 bread for the world, $1 bread for us. I like it.Oil price solution?
actually, that isn't how things work, but carry on, I wouldn't want to ruin your dreamworld.
BAH! what do I care about your little dreamworld reality?!
There are two major problems with the price of oil, and that is the value of the dollar, and the fact that the recently built exchanges in other countries aren't highly regulated.
BTW what you just suggested, is price controls, which is socialism or fascism, depending on where the idea originates, and how it is implemented.
er... or sell it to everyone else and get yer grain elsewhere giving 3rd party nations the chance to sell the oil required to run America for much more than the Arabs were going to get enriching everyone, except, er, the Americans who will be stuck w. rotting grain(s) and no market for them.
I say, capital idea Baldric!
yeah but we need and want thier oil more than they need and want our grain... lots of other places can and do grow good grains and at large quantities, not to mention all the alternative food sources such as range fed livestock, fruits, native wildlife, etc...... not exactly an abundance of oil supply out there or readily available alternative fuels ( mostly due to gov't ineptitude)... PLUS oil supply is very close to falling behind demand, food is not, at least not yet but some climate changes might change that soon enough
Ditto! I'm into land development. Through the years I've seen a lot of good farm land be developed into subdivisions..
I often thought that farm land should not be developed. In fact it should be against the law. Because one day we'll have the food and other nations will have the oil and we'll trade real nicely as such.
Maybe we ought to try not all driving Yukons, Explorers, Hummers, Suburbans, Land Rovers (for those who need status but never leave a paved road) giant full sized pickups for those who haul a piece of 4x8 plywood once every 3 years, etc. etc. Once our consumption goes down SIGNIFICANTLY, the price of oil will follow. It's a little pesky capitalist thing called 'supply and demand'. Exacerbating the problem are oil speculators, who are 'betting' on the price of oil increasing and driving up the price of 'futures', and the weak dollar, which currency oil is traded in.
Yea last I heard we had a sizable market control over the grain market.
Get real.
Anyone can grow grain.. not everyone can grow oil. These two commodities shouldn't even be compared. They will buy it cheaper somewhere else... and our grain industry will collapse.
reasonable solution
I like this better :
Drill [_]
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in the US
and don't let the democrats use the oil
Motor scooters are looking pretty darned good right now!
Vote McCain. At least he wants to explore all possibilities and not ban anything!
Oil has put us on a slippery slope. {;-)
Brilliant. I'm sure everyone can afford to buy bread at $30 a loaf!
Its not the amount of oil thats the problem but the American dollar losing its value.
we should go back to using horses
.....or we just......**** it, im with you
Investigating the Oil Industry - Price Gauging?
How come when N.Y. Governor Spitzer was Attorney General he investigated just about everything except the oil industry.
I watch my local gas station prices just go up without new deliveries. I thought the prices are for oil futures???
Why is it every change of the season their is either a refinery that is down or the pipeline broke? Then they tells us they are switching from heating oil back to gasoline. They have a million excuses.
Why has the oil industry not been investigated??
Maybe it's political suicide?Investigating the Oil Industry - Price Gauging?
We have the best government that special-interest money can buy. Oil industry pays politicians not to bother them.
I watch my local gas station prices just go up without new deliveries. I thought the prices are for oil futures???
Why is it every change of the season their is either a refinery that is down or the pipeline broke? Then they tells us they are switching from heating oil back to gasoline. They have a million excuses.
Why has the oil industry not been investigated??
Maybe it's political suicide?Investigating the Oil Industry - Price Gauging?
We have the best government that special-interest money can buy. Oil industry pays politicians not to bother them.
Crude oil prices go up-gas price immediately goes up. Oil gets cheap-it takes forever to go down?
Why is that when crude oil prices go up, it seems like gas immediately gets more expensive, but when crude oil prices go down it seems like they shuffle their feet and take forever to get the price of gasoline down?
Example: Here in Kenosha, WI, gas was $1.59 when crude oil was about $38/barrel for a couple weeks. Afterwards it when up to about $45/barrel for a few days and it shot up to $1.99/gallon for gas. Now crude oil has been under $40/barrel for at LEAST a week now, and gas is still $1.99! What the hell!Crude oil prices go up-gas price immediately goes up. Oil gets cheap-it takes forever to go down?
We will never know the real reasons because 'our feet are tied over a barrel', so to speak. We need gas, they have gas. They charge whatever they want and we have no choice but to pay it.
Oil companies need to get a head start on padding their billions of dollars profits for 2009.
So, oil companies come up with excuses like the fighting in the Gaza strip affects prices or that they need them to be higher for research in improving refineries. blah blah blah.
The point is we are being manipulated since we need gas to travel and there is not much we can do about it.Crude oil prices go up-gas price immediately goes up. Oil gets cheap-it takes forever to go down?
Adjustment in prices of these two commodities cannot happen simultaneously. An increase or decrease in prices of crude oil is very sporadic. This week's gasoline may have been manufactured from previous weeks' high cost of crude oil. Necessarily, the gasoline companies cannot immediately lower their prices.
Thats a very good question. An we will never know the answer to that. Today I filled my car up for 1.92 and i get out of work and gas is now 2.05 everywhere by my house and the ppb of oil fell to 35.05 idk how they did there math but i think they owe everyone a couple of dollars who need to fill up now.
It takes longer for companies to sell their current stock of gas at the higher price then it does for then to sell the same amount of gas in stock when it is lower. Higher Price = lower demand
gas takes 2/3 months from wellhead to refinery 3 months from refinery to gas station...if you paid 40 a bbl 6 months ago your not gona sell it for 30 bbl prices just because current prices are 30...your could not stay in bis long
Example: Here in Kenosha, WI, gas was $1.59 when crude oil was about $38/barrel for a couple weeks. Afterwards it when up to about $45/barrel for a few days and it shot up to $1.99/gallon for gas. Now crude oil has been under $40/barrel for at LEAST a week now, and gas is still $1.99! What the hell!Crude oil prices go up-gas price immediately goes up. Oil gets cheap-it takes forever to go down?
We will never know the real reasons because 'our feet are tied over a barrel', so to speak. We need gas, they have gas. They charge whatever they want and we have no choice but to pay it.
Oil companies need to get a head start on padding their billions of dollars profits for 2009.
So, oil companies come up with excuses like the fighting in the Gaza strip affects prices or that they need them to be higher for research in improving refineries. blah blah blah.
The point is we are being manipulated since we need gas to travel and there is not much we can do about it.Crude oil prices go up-gas price immediately goes up. Oil gets cheap-it takes forever to go down?
Adjustment in prices of these two commodities cannot happen simultaneously. An increase or decrease in prices of crude oil is very sporadic. This week's gasoline may have been manufactured from previous weeks' high cost of crude oil. Necessarily, the gasoline companies cannot immediately lower their prices.
Thats a very good question. An we will never know the answer to that. Today I filled my car up for 1.92 and i get out of work and gas is now 2.05 everywhere by my house and the ppb of oil fell to 35.05 idk how they did there math but i think they owe everyone a couple of dollars who need to fill up now.
It takes longer for companies to sell their current stock of gas at the higher price then it does for then to sell the same amount of gas in stock when it is lower. Higher Price = lower demand
gas takes 2/3 months from wellhead to refinery 3 months from refinery to gas station...if you paid 40 a bbl 6 months ago your not gona sell it for 30 bbl prices just because current prices are 30...your could not stay in bis long
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