it depends who would take charge and what would our foriegn poliy would be, but I think they would go down.If Bush and Cheney were impeached and/or kicked out of Washington, would the price of gasoline/oil go down?
I assume so. I fear their might be some collusion between Bush/Cheney and Saudi Arabia that is keeping prices high.If Bush and Cheney were impeached and/or kicked out of Washington, would the price of gasoline/oil go down?
I think it would depend on how the transition of power went and how long it took.
Yes, in the long run it would go down.
Nope, it'd skyrocket in the short term (markets hate change), and trend ever higher in the longer run because OPEC nations deep down are a little nervous about ticking off Bush.
What justification is there for the gasoline to go down, look at what companies are sell and what people are buying.
We can go to the moon, build a space station, make nuclear energy, but yet the best they can do is average 20mpg
no they have nothing to do with the price of oil.
Not necessarily - but I would gladly pay $10/gal to get them out of DC!!!
no
That's a hard one... given the escalating situation in the middle east, and the depletion of the world's oil, I highly doubt the price would go down very greatly.
I dont think so at all, because the mess that these pair and their crew put us and the world in is much bigger than that. Iraq unresolved is going to keep the oil prices in an unstable condition. we dont call it mess-o-patamia for no reason. u know? it would be good to c them out of office, maybe someone would or could pick up the pieces, but I doubt it.
Given the fact that neither one of them set the price of gas, I don't think so. Why would they be impeached?
No. Bush and Cheney aren't the reason gas/oil is going up.
The reason it is going up is in part due to Congresses refusal to allow more drilling for new supplies. Now, if Congress, led by liberal Democrats, was to get impeached, that might be a different story.
We'll all find out in just over a year.
Most definitely plus the oil companies wouldn't be pulling in record breaking profits
Wednesday, April 28, 2010
Implications for US Military with highly inflated oil prices?
Eventually oil is going to run out. When it does, or alternatively when oil is far too expensive, what are the implications for the US military. Aircraft, Tanks, non Nuclear naval vessels, all these things run on oil based products. How much will the influence and power of the US military and indeed all armed forces diminish?Implications for US Military with highly inflated oil prices?
Several things.
The US Strategic Petroleum Reserve can be used for defense purposes. In the event of a major war, you can be absolutely sure that personal travel will be severely curtailed, and as much of that oil will be used for military and defense industry purposes. Comprised of 4 major oil fields, the SPR has a capacity of 1 billion barrels of oil.
The US Air Force is currently testing the use of synthetic jet fuel for use as an aviation fuel. In Sept, a B-52 was flown with two of its eight jet engines equipped to burn a 50:50 blend of conventional jet fuel with synthetically produced jet fuel.
The US Army has been testing bio-fuels in diesel trucks. Its use should be a non-issue. The M1-A1 Abrams tank is powered by a turbine, which can burn a wide variety of fuels, including bio-fuel.
The US has coal reserves equal to 300 years of consumption at current rates. Research is underway to efficienty develop synthetic fuels from coal, including in-situ conversion so the coal would not have to be mined. The US also has huge quantities of oil-containing shale formations in the Rocky Mountains that can be mined and the oil extracted.Implications for US Military with highly inflated oil prices?
Oil is not going to run out in your life time or for the next 1000 years. Don't believe the hype you see on CNN and discovery channel. There are already contracts to drill in Russia and Ukrane which have 30-60000 oil fields that can each power the US's Oil demand for 3-5 years. And that is not including the offshore fields of Natural gas and oil.
American goverenment doesn't pay for anything. When oil prices go up, we just borrow more from the Federal Reserve. and then we print more money. Email me if you want more on the truth about oil
None whatsoever. The US government keeps enough oil in reserve to keep the military fueled up for a century.
the beast will eat every thing in its way.the reason we have a military is to secure oil not just to keep the beast alive but for every 65 year old who spent his entire life to get that motor home or that boat or big car and he isn't going to care how many teen-agers have to die so that he can take the grand kids to the grand canyon.and since your so clueless here's some advice don't make any long term plans.
They already have a plan developed 50 years ago. Thus
hydrogen power, nuclear power in a box...etc. But get rid
or the oil first, so that they cannot mount an attack or defence.
Now you could understand the present nuclear power
suppression activites on Iran and N Korea.
Several things.
The US Strategic Petroleum Reserve can be used for defense purposes. In the event of a major war, you can be absolutely sure that personal travel will be severely curtailed, and as much of that oil will be used for military and defense industry purposes. Comprised of 4 major oil fields, the SPR has a capacity of 1 billion barrels of oil.
The US Air Force is currently testing the use of synthetic jet fuel for use as an aviation fuel. In Sept, a B-52 was flown with two of its eight jet engines equipped to burn a 50:50 blend of conventional jet fuel with synthetically produced jet fuel.
The US Army has been testing bio-fuels in diesel trucks. Its use should be a non-issue. The M1-A1 Abrams tank is powered by a turbine, which can burn a wide variety of fuels, including bio-fuel.
The US has coal reserves equal to 300 years of consumption at current rates. Research is underway to efficienty develop synthetic fuels from coal, including in-situ conversion so the coal would not have to be mined. The US also has huge quantities of oil-containing shale formations in the Rocky Mountains that can be mined and the oil extracted.Implications for US Military with highly inflated oil prices?
Oil is not going to run out in your life time or for the next 1000 years. Don't believe the hype you see on CNN and discovery channel. There are already contracts to drill in Russia and Ukrane which have 30-60000 oil fields that can each power the US's Oil demand for 3-5 years. And that is not including the offshore fields of Natural gas and oil.
American goverenment doesn't pay for anything. When oil prices go up, we just borrow more from the Federal Reserve. and then we print more money. Email me if you want more on the truth about oil
None whatsoever. The US government keeps enough oil in reserve to keep the military fueled up for a century.
the beast will eat every thing in its way.the reason we have a military is to secure oil not just to keep the beast alive but for every 65 year old who spent his entire life to get that motor home or that boat or big car and he isn't going to care how many teen-agers have to die so that he can take the grand kids to the grand canyon.and since your so clueless here's some advice don't make any long term plans.
They already have a plan developed 50 years ago. Thus
hydrogen power, nuclear power in a box...etc. But get rid
or the oil first, so that they cannot mount an attack or defence.
Now you could understand the present nuclear power
suppression activites on Iran and N Korea.
Is,nt it ironic that the OPEC now has to kneel and pray for oil prices to go up?
It is, and it ought to point out the other side of what's an uneasy relationship. As much as we're dependent on their oil, they're dependent on selling oil to us. With some countries, as much as 80-90% of their economies is based on selling crude. Granted, on a historical basis $65 barrel oil is still very high, but some of these countries have gotten too used to triple digits (also keep in mind that $65 isn't what it used to be).Is,nt it ironic that the OPEC now has to kneel and pray for oil prices to go up?
We might be praying to Allah pretty soon, too, because globalist bankers who control OPEC are sending the price of oil down to destroy Saudi Arabia who will then dump the dollar as their oil currency, and when that happens our country will have an economic collapse and a sever depression.Is,nt it ironic that the OPEC now has to kneel and pray for oil prices to go up?
That's why they're rooting for Obama.
allah will provide...stock up on gas now.
We might be praying to Allah pretty soon, too, because globalist bankers who control OPEC are sending the price of oil down to destroy Saudi Arabia who will then dump the dollar as their oil currency, and when that happens our country will have an economic collapse and a sever depression.Is,nt it ironic that the OPEC now has to kneel and pray for oil prices to go up?
That's why they're rooting for Obama.
allah will provide...stock up on gas now.
Can someone identify potential reasons for the oil prices rising?
Supply and demand... reduced supply coupled with the increasing demand for oil in emerging nations that in the past were less dependent on fossil fuels to power their transportation, industries and heating needs. Oil prices will continue to rise in the future since it is a finite commodity with and every increasing demand.Can someone identify potential reasons for the oil prices rising?
over hype by the media and public panic also the areas that we get it from have political instabilityCan someone identify potential reasons for the oil prices rising?
As more and more oil is taken out of the ground, only the lower grades or more inaccessible oil remains in the ground. These reserves were uneconomical to extract in the past because it was cheaper and faster to get to the higher grade oils and it all sells for the same price. Now these poorer quality deposits are all that remains so if we still want oil, they are our only choice. Methods to extract and refine these grades are much more expensive, so it follows that the price of the oil itself must go up.
Another reason is that Earths population is always increasing so the demand for oil is also increasing, hence prices go up. Theres big big bucks to be made in the oil industry so a lot of greedy people are attracted to it. If they want more money, they're gonna set prices higher. We need oil, and they know we need it enough to pay whatever they ask.
over hype by the media and public panic also the areas that we get it from have political instabilityCan someone identify potential reasons for the oil prices rising?
As more and more oil is taken out of the ground, only the lower grades or more inaccessible oil remains in the ground. These reserves were uneconomical to extract in the past because it was cheaper and faster to get to the higher grade oils and it all sells for the same price. Now these poorer quality deposits are all that remains so if we still want oil, they are our only choice. Methods to extract and refine these grades are much more expensive, so it follows that the price of the oil itself must go up.
Another reason is that Earths population is always increasing so the demand for oil is also increasing, hence prices go up. Theres big big bucks to be made in the oil industry so a lot of greedy people are attracted to it. If they want more money, they're gonna set prices higher. We need oil, and they know we need it enough to pay whatever they ask.
Why does an increase in value of the US dollar lower the price of oil and vice-versa?
I know oil is traded in dollars, but I don鈥檛 quite understand why an increase in dollar value lowers oil prices, or a decrease in dollar value raises oil prices.
Assume I am a UK investor and I have a bank account in GBP. In order to buy barrels of oil I will need to exchange these GBP for USD. Clearly, the higher the value of the USD, the more it costs me in GBP to purchase these USD. Therefore, I don't understand how a stronger dollar still lowers the price of oil. Now, obviously, there is something wrong with this logic, but I am unsure where?Why does an increase in value of the US dollar lower the price of oil and vice-versa?
A stronger dollar lowers the price of oil (and all other goods) when priced in dollars. If the dollar strengthens and the pound weakens, the oil would cost more in pounds.
There are some basic economic principles involved in price levels that's a little too lengthy to describe here. Murray Rothbard wrote a couple of good books if you wanted to do in depth study. ';What Has Government Done to Our Money?'; which can be read for free at http://www.mises.org/money.asp and ';Mystery of Banking'; which can be read for free at http://www.mises.org/Books/mysteryofbank鈥?/a>
Assume I am a UK investor and I have a bank account in GBP. In order to buy barrels of oil I will need to exchange these GBP for USD. Clearly, the higher the value of the USD, the more it costs me in GBP to purchase these USD. Therefore, I don't understand how a stronger dollar still lowers the price of oil. Now, obviously, there is something wrong with this logic, but I am unsure where?Why does an increase in value of the US dollar lower the price of oil and vice-versa?
A stronger dollar lowers the price of oil (and all other goods) when priced in dollars. If the dollar strengthens and the pound weakens, the oil would cost more in pounds.
There are some basic economic principles involved in price levels that's a little too lengthy to describe here. Murray Rothbard wrote a couple of good books if you wanted to do in depth study. ';What Has Government Done to Our Money?'; which can be read for free at http://www.mises.org/money.asp and ';Mystery of Banking'; which can be read for free at http://www.mises.org/Books/mysteryofbank鈥?/a>
How High would Oil Prices Have to Go to Destroy America?
Untill the libs start REALY bothering people, then the sane community of America will do the only sane thing, abort a liberal...How High would Oil Prices Have to Go to Destroy America?
I think the oil prices will change with a new president that doesn't own oil wells in Kuwait, and Saudi Arabia.
They can talk til they are blue in the face but only an idiot would believe that when they are making record profits that they can not bring down the price of their product.
We always get this razzle dazzle, like the ones we got for going to war with Iraq. They told 934 lies in connection with the war. But no one believes the oil companys would lie about this. While they are making more money then they ever have before. Someone is lying?How High would Oil Prices Have to Go to Destroy America?
It's already happening. The price will continue to go up. There is an excuse every day: supply worries, terrorist, President Ahcmanneedajob farted. It will continue until demand goes way down, and then prices will decrease.
Edit: Acyberwin, that all depends on whether you have investments in the oil market in your 401(k).
It's already happening. Compliments of Bush. With evey penny increase it'll get even worse
Doesn't matter. America is here to stay.
Oil would become part of the commons before it destroys America.
it may have allready gotten there
give it a few months
Every company that ships something will have to continue passing the increased cost to the consumer to maintain the same profit margin. However, higher prices will affect consumer demand, leading to either higher prices yet, or the company going out of business, which will lead to high unemployment which will reduce the amount of taxes gathered.
Add into this irresponsible actions by the Federal Reserve that continue to destroy the value of the dollar causing horrible inflation, and you can see we are already on this runaway train.
Nothing that trades publicly like oil will ever destroy the nation by going higher... The higher it goes, the more your 401(k) is worth...
wow, what do they teach you in the Liberal institutions?natural make up
I think the oil prices will change with a new president that doesn't own oil wells in Kuwait, and Saudi Arabia.
They can talk til they are blue in the face but only an idiot would believe that when they are making record profits that they can not bring down the price of their product.
We always get this razzle dazzle, like the ones we got for going to war with Iraq. They told 934 lies in connection with the war. But no one believes the oil companys would lie about this. While they are making more money then they ever have before. Someone is lying?How High would Oil Prices Have to Go to Destroy America?
It's already happening. The price will continue to go up. There is an excuse every day: supply worries, terrorist, President Ahcmanneedajob farted. It will continue until demand goes way down, and then prices will decrease.
Edit: Acyberwin, that all depends on whether you have investments in the oil market in your 401(k).
It's already happening. Compliments of Bush. With evey penny increase it'll get even worse
Doesn't matter. America is here to stay.
Oil would become part of the commons before it destroys America.
it may have allready gotten there
give it a few months
Every company that ships something will have to continue passing the increased cost to the consumer to maintain the same profit margin. However, higher prices will affect consumer demand, leading to either higher prices yet, or the company going out of business, which will lead to high unemployment which will reduce the amount of taxes gathered.
Add into this irresponsible actions by the Federal Reserve that continue to destroy the value of the dollar causing horrible inflation, and you can see we are already on this runaway train.
Nothing that trades publicly like oil will ever destroy the nation by going higher... The higher it goes, the more your 401(k) is worth...
wow, what do they teach you in the Liberal institutions?
I Want to know the exact date on which oil and gas prices rise in june 2008?
Please help me? Its very Important
Please suggest other options than library and newspaper.
Please give internet based solutionsI Want to know the exact date on which oil and gas prices rise in june 2008?
December 2, 2008
Please I'm desperate for a ten and I worked hard for this info!
It might seem strange, but despite the fact that prices at the pumps are down — drastically — most gasoline stations are actually making a better profit margin now on the cost of a gallon of gas than they were over the summer, when prices topped out well above $4.
“Absolutely. There’s no doubt about it,” said Eugene Guilford, executive director and CEO of the Independent Connecticut Petroleum Association, which represents the majority of the state’s fuel dealers, when asked to confirm this odd phenomenon. “Retailers never passed on the full extent of their wholesale cost increases this past summer when gas was up to $4.25 a gallon. If they did, it would have been substantially higher than that. Retailers ate the difference then.”
Now, Guilford said, in large part thanks to the global economic downturn and a dramatic drop in the cost of crude oil, retailers have been able to adjust their margins and reap a better profit per gallon, whereas this summer, simply to stay competitive, most stations were selling at cost or sometimes even at a loss.
“It’s much more sort of business as usual right now. We get to actually make money for what we do for lower prices, and customers are happy,” Guilford said. “It’s absolutely a win-win situation. Retailers always want prices to be lower. They get to make more normal margins.”
Anwar Afrede, the owner of the EZ Mart CITGO station at 271 East Main St. in Meriden, agreed. Over the summer, Afrede complained that, despite record prices at the pumps, his station was making barely any profit at all on a gallon of gas.
Now, he said Wednesday, with a price of $1.73 at his station, “things are back to normal,” and he’s even able to bring in “a little bit more in savings.”
According to figures released by the American Automobile Association Tuesday, the cost of a gallon of regular gasoline in Connecticut was $1.88, down from $2.36 in November, and prices have dropped for five straight months after peaking at $4.39 a gallon on July 9. Last year at this time, the average price in the state for a gallon of regular was $3.23.
“We have never seen anything like this before,” said Steven Guveyan, executive director of the Connecticut Petroleum Council, a statewide association that represents the oil and natural gas industry. “It’s extraordinary.”
But according to the Associated Press, rumors that Saudi Arabia would significantly cut its oil production led to a volatile day of crude oil trading Wednesday, with prices swinging upward as high as 10 percent before finally settling at $43.52 a barrel.
The price of a gallon of crude oil is directly tied to the price of a gallon of gasoline, according to the American Petroleum Institute, a national industry trade association. Crude reached a 2008 low of $40.50 a barrel last week.
“The cost of crude oil really is a proxy for the economy,” Guveyan said. “When the economy booms, prices are up; when the economy tanks, it takes oil down with it.”
And right now, said Matt Rafferty, an economics professor at Quinnipiac University, the global economy is most certainly in the tank.
“… There’s been a global collapse in economic activity, which lowers the price in oil, which affects a lot of other goods and services,” Rafferty said.
The effects of this tumultuous gas market and the current economic crisis can be glimpsed locally in a number of area stations that have closed in the past year, including a CITGO on Chamberlain Highway in Meriden where the windows are boarded up and the cost of a gallon of regular remains fixed at $4.37, a holdover from the summer.
Guilford said that his organization does not keep statistics on station closings, and that he is not aware of a dramatic increase in that area.
“I can’t say that I’ve noticed there’s an unusually different number (of stations closing) this year than last or in previous years,” Guilford said.
Despite a better profit margin, Afrede said that he still considers things far from normal, both in the gasoline retail business and the economy in general, and noted that a sluggish economy tends to lead to motorists pumping less gas, no matter how low it might be priced.
“Right now, it’s a recession. People have no money - the volume is about the same as it was when it was near five dollars a gallon this summer,” he said. “Thank God it’s lower at this time of year; people can breathe a little and think about Christmas.”
But Kevin Danby, owner of A1 Auto Services farther down East Main Street, said prices have already started to rise.
“As of today, it’s tightened up a bit,” Danby said Wednesday.
That’s not surprising, Rafferty said, noting that, based on economic history, motorists should not expect these bargain-basement prices to last forever.
“My guess is that when the global economy moves towards recovery, oil prices will begin to rise again,” he said. “As loI Want to know the exact date on which oil and gas prices rise in june 2008?
Sorry about that I guess I just got a little caried away): I just really wanted a 10 for best answer so thanks for the vote even tohugh I probably don't deserve it because I copied it off of wickapedia.com Report Abuse
Please suggest other options than library and newspaper.
Please give internet based solutionsI Want to know the exact date on which oil and gas prices rise in june 2008?
December 2, 2008
Please I'm desperate for a ten and I worked hard for this info!
It might seem strange, but despite the fact that prices at the pumps are down — drastically — most gasoline stations are actually making a better profit margin now on the cost of a gallon of gas than they were over the summer, when prices topped out well above $4.
“Absolutely. There’s no doubt about it,” said Eugene Guilford, executive director and CEO of the Independent Connecticut Petroleum Association, which represents the majority of the state’s fuel dealers, when asked to confirm this odd phenomenon. “Retailers never passed on the full extent of their wholesale cost increases this past summer when gas was up to $4.25 a gallon. If they did, it would have been substantially higher than that. Retailers ate the difference then.”
Now, Guilford said, in large part thanks to the global economic downturn and a dramatic drop in the cost of crude oil, retailers have been able to adjust their margins and reap a better profit per gallon, whereas this summer, simply to stay competitive, most stations were selling at cost or sometimes even at a loss.
“It’s much more sort of business as usual right now. We get to actually make money for what we do for lower prices, and customers are happy,” Guilford said. “It’s absolutely a win-win situation. Retailers always want prices to be lower. They get to make more normal margins.”
Anwar Afrede, the owner of the EZ Mart CITGO station at 271 East Main St. in Meriden, agreed. Over the summer, Afrede complained that, despite record prices at the pumps, his station was making barely any profit at all on a gallon of gas.
Now, he said Wednesday, with a price of $1.73 at his station, “things are back to normal,” and he’s even able to bring in “a little bit more in savings.”
According to figures released by the American Automobile Association Tuesday, the cost of a gallon of regular gasoline in Connecticut was $1.88, down from $2.36 in November, and prices have dropped for five straight months after peaking at $4.39 a gallon on July 9. Last year at this time, the average price in the state for a gallon of regular was $3.23.
“We have never seen anything like this before,” said Steven Guveyan, executive director of the Connecticut Petroleum Council, a statewide association that represents the oil and natural gas industry. “It’s extraordinary.”
But according to the Associated Press, rumors that Saudi Arabia would significantly cut its oil production led to a volatile day of crude oil trading Wednesday, with prices swinging upward as high as 10 percent before finally settling at $43.52 a barrel.
The price of a gallon of crude oil is directly tied to the price of a gallon of gasoline, according to the American Petroleum Institute, a national industry trade association. Crude reached a 2008 low of $40.50 a barrel last week.
“The cost of crude oil really is a proxy for the economy,” Guveyan said. “When the economy booms, prices are up; when the economy tanks, it takes oil down with it.”
And right now, said Matt Rafferty, an economics professor at Quinnipiac University, the global economy is most certainly in the tank.
“… There’s been a global collapse in economic activity, which lowers the price in oil, which affects a lot of other goods and services,” Rafferty said.
The effects of this tumultuous gas market and the current economic crisis can be glimpsed locally in a number of area stations that have closed in the past year, including a CITGO on Chamberlain Highway in Meriden where the windows are boarded up and the cost of a gallon of regular remains fixed at $4.37, a holdover from the summer.
Guilford said that his organization does not keep statistics on station closings, and that he is not aware of a dramatic increase in that area.
“I can’t say that I’ve noticed there’s an unusually different number (of stations closing) this year than last or in previous years,” Guilford said.
Despite a better profit margin, Afrede said that he still considers things far from normal, both in the gasoline retail business and the economy in general, and noted that a sluggish economy tends to lead to motorists pumping less gas, no matter how low it might be priced.
“Right now, it’s a recession. People have no money - the volume is about the same as it was when it was near five dollars a gallon this summer,” he said. “Thank God it’s lower at this time of year; people can breathe a little and think about Christmas.”
But Kevin Danby, owner of A1 Auto Services farther down East Main Street, said prices have already started to rise.
“As of today, it’s tightened up a bit,” Danby said Wednesday.
That’s not surprising, Rafferty said, noting that, based on economic history, motorists should not expect these bargain-basement prices to last forever.
“My guess is that when the global economy moves towards recovery, oil prices will begin to rise again,” he said. “As loI Want to know the exact date on which oil and gas prices rise in june 2008?
Sorry about that I guess I just got a little caried away): I just really wanted a 10 for best answer so thanks for the vote even tohugh I probably don't deserve it because I copied it off of wickapedia.com Report Abuse
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