Monday, August 23, 2010

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.





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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.





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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.





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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.

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