below is the list from the media i hear over and over again, tell me what you think is really going on
1. peak oil, ';limited supplies';
2. demand destruction caused by a spike in oil prices
3. recession causing the us dollars value going down
4. greedy traders manipulating the market
5. OPEC and non OPEC countries playing the oil game
6. refinery compacity combined with the summer demand surge causing market fluctuations
7. civil unrest in oil producing nations
8. constant catastrophic climatic conditions
9. George bush and his foreign policies
10. Exxon and other oil giants taking advantage of the market
11. surge in demand in countries such as India and china
What caused the price of oil to sky rocket over a hundred us dollars since January?
Extremely simple.- It's called greed!What caused the price of oil to sky rocket over a hundred us dollars since January?
there is only so much oil in the world...they who rely on the oil reserves to feed their people must look ahead to the time when their oil is gone this combine with the natural desire of greed and the desire to use oil as weapon against the world at large=124us pb...even if the violence stops the price of oil can not be allowed to drop to far...why...just look at the first part of the answer
3 %26amp; 10 combined along with the inner workings of the Bilderberg group and other such organizations. America's dependency on foreign goods will never secure our wealth.
4, Greed...Same reason we sold out American Workers for Cheap Chinese products..
First, demand destruction is good--it brings down prices.
The biggest factor is the value of the dollar. Followed by civil unrest, and increased foreign demand for product.
#10 is ridiculous. Whenever I hear that I can't help but laugh. Of course oil companies want to make money. But they aren't taking advantage of you. They are trying to cover the costs they are incurring. Its like a fast food restaurant charging more for cheese.
Bush has nothing to do with this.
There is something to the traders manipulating the market. Look up what the CFTC is saying about Vitol.
Hope I helped!
Friday, January 8, 2010
When is the price of oil gonna reach it's peak,then go down?
Where's the limit?I believe it has reached it's limit as far as I'm concerned already.You know what? There's no reason for what we're paying.If congress would let us drill on our own shores,and stop relying on foreign oil.and let us build more refineries,the price would go down to probably 40,50 dollars a barrel,or even lower!No,there's too many stupid hippie,tree-hugging senators that don't want us drilling or building more refineries.We don't have enough refineries to keep up with demand.If we just built more refineries,the price would drop considerably without even pulling a drop of oil out of our shores.Something has to be done,and soon.We can't keep paying like this.It's hurting our economy,cause it's raising the cost of everything we buy,including food,clothes,cosmetics,everyday needs like that.Truckers are already starting to park their rigs,cause they can't afford the diesel.That's effecting prices of other things cause the products aren't getting to the stores.When is the price of oil gonna reach it's peak,then go down?
I'm thinking it (the price of oil) won't be coming down until we get a new president into The White House, but that just my own little humble opinion on the subject.
I'm thinking it (the price of oil) won't be coming down until we get a new president into The White House, but that just my own little humble opinion on the subject.
Why is the price of oil/fuel/petrol dropping?
Please excuse my ignorance here. I have searched google and found nothing that explains this clearly.
Why, when the economy is in such an awful state and recession is looming, are we finally having a little relief when it comes to the petrol pumps? Why does a national and global economic downturn cause a drop rather than an increase in the price of oil? Is it that countries just can't afford to haggle with the oil-rich countries as they used to, and if that's the case, why didn't they push for a better price in the first place. As I said, I'm sure I'm just very ignorant, so please enlighten me!Why is the price of oil/fuel/petrol dropping?
Supply and demand. If the demand falls 10 percent because of our economic troubles, the price drops more than 10 percent because there are some oil producing economies that have to produce a lot of oil. Iran, I believe, gets 40% of its entire economy (GDP) from oil revenues. If they can't sell oil, there is civil unrest. Why is the price of oil/fuel/petrol dropping?
economy is going down and people are trying to save money by not buying/using so much oil or fuel. Economy is going down also because the war is around the oil companys. A lot of reasons why though..
Why, when the economy is in such an awful state and recession is looming, are we finally having a little relief when it comes to the petrol pumps? Why does a national and global economic downturn cause a drop rather than an increase in the price of oil? Is it that countries just can't afford to haggle with the oil-rich countries as they used to, and if that's the case, why didn't they push for a better price in the first place. As I said, I'm sure I'm just very ignorant, so please enlighten me!Why is the price of oil/fuel/petrol dropping?
Supply and demand. If the demand falls 10 percent because of our economic troubles, the price drops more than 10 percent because there are some oil producing economies that have to produce a lot of oil. Iran, I believe, gets 40% of its entire economy (GDP) from oil revenues. If they can't sell oil, there is civil unrest. Why is the price of oil/fuel/petrol dropping?
economy is going down and people are trying to save money by not buying/using so much oil or fuel. Economy is going down also because the war is around the oil companys. A lot of reasons why though..
Now that the price of Oil has reached the one Hundred mark, do you still think if Hilary or Rudy?
that they would really work hard to get us off this dependence of oil? I think it is time for someone one younger and if he so happens to represent the best of the Caucasian race and the best of the African heritage would that be so bad we need a change of thinking here in America andcome to gether for get skin color and promote change of thinking for the future of this country we need to take a chance on someone different and with faults that the younger person can see you can fall but you can pull your self up and be sucessfulNow that the price of Oil has reached the one Hundred mark, do you still think if Hilary or Rudy?
I think the president will have far less to do with getting the US to become less dependent on foreign oil than the average person will.
Here is something I wrote in my blog about cutting consumption:
More ideas:
Take the bus. You don鈥檛 even have to take it all the way. For me, there is no bus or even a decent combination of busses that would get me from home to work and back. But there is a bus that starts about half way there and drops me off at work. I save 32 miles per day and my employer even covers most of the bus pass cost. I pay only $15 per month. I couldn鈥檛 go 32 miles day (the rest of my commute) for $15 a month. I save 192 gallons per year just by talking the bus. (My motorcycle gets 40 MPG)
Carpool. Think about this example: You and your neighbor both drive 20 miles per day to get to and from work. If you drop off your neighbor at work and then drive to your place of work it takes 30 miles. For this example (to make math easy) we will also assume the opposite is true, if your neighbor drives you to work and then goes to his work, he drives 30 miles. Even in this situation you save 10 miles per day. When you both drive separately each of you drive 20 miles each for 40 miles total. Together you only drive 30. If you could only work it out to do this twice a week, you would save 1040 miles per year! Since you would drive 10400 miles per year if you drove separately (40 miles per day each * 5 days per week * 52 weeks per year) = 10400, that鈥檚 10%! That puts a whole new spin on driving a little out of your way鈥?
Since I wrote that, my wife's schedule and mine lined up better. She works across the street from a park-and-ride lot that the bus I take to work leaves from. I now carpool with her to the park-and-ride and take the bus from there. I have saved another 32 miles per day or another 192 gallons per year. No hardship for anyone and a big reduction of usage. If everyone car pooled once a week we could reduce our gas usage 10%.Now that the price of Oil has reached the one Hundred mark, do you still think if Hilary or Rudy?
No. Obama cant help either.
McCain and Romney could help.
Get the far left out of the way and begin the ENVIRONMENTALLY FRIENDLY drilling of oil here at home and on the continental shelf and start building new refineries and watch those prices and our dependency on Saudi Arabia dwindle. Then we can put serious efforts into finding VIABLE alternative sources rather than playing with pet projects that are nothing more than a PC waste of money like ethanol
I think of God.
We need to do something - and this would make all happy: those who want to stop global warming and those who want to stop our dependence on nations. We need to concentrate on that big orange ball in the sky that is full of energy, hydrogen, and nuclear (nucular if your dubya).
I don't vote based on skin color or gender. I vote based on issues and where the candidate stands on them (as well as voting history of that candidate).
they are not in the OVAL OFFICE fool
Liberals love the high gas prices because it means people will use less and therefore less of carbon footprint.
Those who drive the SUVs don't care about the price of gas to them it is just money.
Those who want to get off oil are just noise on the radio now.
If we didn't need so much of it to drive our H1 hummers and expeditions, maybe I shouldn't say we since I drive a Dodge Neon, then maybe the price of a barrel would drop.
I think the president will have far less to do with getting the US to become less dependent on foreign oil than the average person will.
Here is something I wrote in my blog about cutting consumption:
More ideas:
Take the bus. You don鈥檛 even have to take it all the way. For me, there is no bus or even a decent combination of busses that would get me from home to work and back. But there is a bus that starts about half way there and drops me off at work. I save 32 miles per day and my employer even covers most of the bus pass cost. I pay only $15 per month. I couldn鈥檛 go 32 miles day (the rest of my commute) for $15 a month. I save 192 gallons per year just by talking the bus. (My motorcycle gets 40 MPG)
Carpool. Think about this example: You and your neighbor both drive 20 miles per day to get to and from work. If you drop off your neighbor at work and then drive to your place of work it takes 30 miles. For this example (to make math easy) we will also assume the opposite is true, if your neighbor drives you to work and then goes to his work, he drives 30 miles. Even in this situation you save 10 miles per day. When you both drive separately each of you drive 20 miles each for 40 miles total. Together you only drive 30. If you could only work it out to do this twice a week, you would save 1040 miles per year! Since you would drive 10400 miles per year if you drove separately (40 miles per day each * 5 days per week * 52 weeks per year) = 10400, that鈥檚 10%! That puts a whole new spin on driving a little out of your way鈥?
Since I wrote that, my wife's schedule and mine lined up better. She works across the street from a park-and-ride lot that the bus I take to work leaves from. I now carpool with her to the park-and-ride and take the bus from there. I have saved another 32 miles per day or another 192 gallons per year. No hardship for anyone and a big reduction of usage. If everyone car pooled once a week we could reduce our gas usage 10%.Now that the price of Oil has reached the one Hundred mark, do you still think if Hilary or Rudy?
No. Obama cant help either.
McCain and Romney could help.
Get the far left out of the way and begin the ENVIRONMENTALLY FRIENDLY drilling of oil here at home and on the continental shelf and start building new refineries and watch those prices and our dependency on Saudi Arabia dwindle. Then we can put serious efforts into finding VIABLE alternative sources rather than playing with pet projects that are nothing more than a PC waste of money like ethanol
I think of God.
We need to do something - and this would make all happy: those who want to stop global warming and those who want to stop our dependence on nations. We need to concentrate on that big orange ball in the sky that is full of energy, hydrogen, and nuclear (nucular if your dubya).
I don't vote based on skin color or gender. I vote based on issues and where the candidate stands on them (as well as voting history of that candidate).
they are not in the OVAL OFFICE fool
Liberals love the high gas prices because it means people will use less and therefore less of carbon footprint.
Those who drive the SUVs don't care about the price of gas to them it is just money.
Those who want to get off oil are just noise on the radio now.
If we didn't need so much of it to drive our H1 hummers and expeditions, maybe I shouldn't say we since I drive a Dodge Neon, then maybe the price of a barrel would drop.
What do you think a fair price is for a full service oil change at a quick lube center using premium oil?
Wal Mart charges $16.95 in southeast Georgia. T o be competitive you will need to charge no more than $19.95, as long as you offer fast and reliable service.What do you think a fair price is for a full service oil change at a quick lube center using premium oil?
Depends where the quick lube is located. Where I live (Florida), I'd say about $25 is right.What do you think a fair price is for a full service oil change at a quick lube center using premium oil?
it cost me 35 for mine
Depends where the quick lube is located. Where I live (Florida), I'd say about $25 is right.What do you think a fair price is for a full service oil change at a quick lube center using premium oil?
it cost me 35 for mine
Brak wants to know, ';Why are oil prices going up if Hurricane Felix didn't threaten the Gulf oil rigs';
It's now above $75 a barrel and that's like a whole lot of money for crude oil. But Hurricane Felix did not threaten many of the oil rigs. I don't see another named storm coming up yet. What is the deal here?
Last year we hit a record of $79 a barrel for crude oil, let's not do it this year.Brak wants to know, ';Why are oil prices going up if Hurricane Felix didn't threaten the Gulf oil rigs';
Well first off there is a lot of oil production in that area of Mexico.
the storm would stop ships going from Mexico to the US gulf.
Second the oil market tends to be very paranoid. If their is a hint of a supply shortage their will be a spike.Brak wants to know, ';Why are oil prices going up if Hurricane Felix didn't threaten the Gulf oil rigs';
As usual Americans being taken advantage of by the corrupted Bush Govt.
Because people had to evacuate and work was stopped or interruptedals alot of people work on the rigs need to help their families,keep in mind this is the second time,also you still have to evacuate because wind reach 500 to600 miles from storm
Well, the rain and wind that was swept off Hurricane Felix came up to the oil rigs up off Texas. That forced people to evacuate the oil rigs. So production is a bit lower there.
they figure you can afford it.la mer
Last year we hit a record of $79 a barrel for crude oil, let's not do it this year.Brak wants to know, ';Why are oil prices going up if Hurricane Felix didn't threaten the Gulf oil rigs';
Well first off there is a lot of oil production in that area of Mexico.
the storm would stop ships going from Mexico to the US gulf.
Second the oil market tends to be very paranoid. If their is a hint of a supply shortage their will be a spike.Brak wants to know, ';Why are oil prices going up if Hurricane Felix didn't threaten the Gulf oil rigs';
As usual Americans being taken advantage of by the corrupted Bush Govt.
Because people had to evacuate and work was stopped or interruptedals alot of people work on the rigs need to help their families,keep in mind this is the second time,also you still have to evacuate because wind reach 500 to600 miles from storm
Well, the rain and wind that was swept off Hurricane Felix came up to the oil rigs up off Texas. That forced people to evacuate the oil rigs. So production is a bit lower there.
they figure you can afford it.
Dems say Bush controlled oil prices. Why doesn't Obama send them to $10/barrel to help the economy?
You and I both know that they have no clue on how things operate in this countryDems say Bush controlled oil prices. Why doesn't Obama send them to $10/barrel to help the economy?
It was all the new idiots that didn't have a clue about investing in commodities futures that caused oil prices to sky rocket. Bush had nothing to do w/ it, and the informed Dems know that. Everyone else is just hitting the repeat button.Dems say Bush controlled oil prices. Why doesn't Obama send them to $10/barrel to help the economy?
Dems have never said Bush CONTROLLED oil prices. You guys just like making stuff up, don't you? Just like Rush Limbaugh, all gas (I'd say fluff but he looks all fat and gassy) and no substance.
please show me where democrats have said this...
It was all the new idiots that didn't have a clue about investing in commodities futures that caused oil prices to sky rocket. Bush had nothing to do w/ it, and the informed Dems know that. Everyone else is just hitting the repeat button.Dems say Bush controlled oil prices. Why doesn't Obama send them to $10/barrel to help the economy?
Dems have never said Bush CONTROLLED oil prices. You guys just like making stuff up, don't you? Just like Rush Limbaugh, all gas (I'd say fluff but he looks all fat and gassy) and no substance.
please show me where democrats have said this...
Question re price of oil and gas.....do you think??
that this statement is accurate:
Price fixing of gas is ';competition'; and not ';collusion'; Do you buy that?
By law, if gas companies should call each other on the phone and say I'm raising the price, that is a crime....but to look up the street and see what Joe Blow is charging and raise your price accordingly is ';competition';.
Give me a break....and in the meantime, the government pulls the 3 monkey's act (hear no evil, see no evil, speak no evil) after all it's more revenue for them.
I suppose they are waiting until people start smashing heads in protest before they will actually step in and do something.
Where do you think this will lead because where I think it will lead will not be pretty at all.
PS: YA conveniently did not post this question when I asked it before...why do you think that is??Question re price of oil and gas.....do you think??
i think it's gettin so bad, that everybodys lookin out for numero uno, my dear. Cant you do something about all this? I thought you were runnin for prez...Question re price of oil and gas.....do you think??
Regarding gas prices I feel like killing myself, it's annoying and the rippling effect is one that I was not prepared to realize how extend this gas affects our daily lives.
The various oil companies are NOT supposed to be in communication with each other. If it is found out that they are they are subject to stiff fines from the FTC. The problem for us consumers is that there are so few of them reducing the competition. With low competition they can slowly ramp up the price and can expect the others to do so.
It's not illegal to watch each other to see what the others are up to. So when company A raises its price Company B and C see the change and raise their price the next day. It's just vicious greedy cycle.
Did you ever notice that when an event happens to raise the price of oil the gas prices go up the next day even before the first barrel of higher priced oil has been pumped? Did you notice that when an event that causes the oil price to go down it takes weeks before the gas prices fall?
Price fixing of gas is ';competition'; and not ';collusion'; Do you buy that?
By law, if gas companies should call each other on the phone and say I'm raising the price, that is a crime....but to look up the street and see what Joe Blow is charging and raise your price accordingly is ';competition';.
Give me a break....and in the meantime, the government pulls the 3 monkey's act (hear no evil, see no evil, speak no evil) after all it's more revenue for them.
I suppose they are waiting until people start smashing heads in protest before they will actually step in and do something.
Where do you think this will lead because where I think it will lead will not be pretty at all.
PS: YA conveniently did not post this question when I asked it before...why do you think that is??Question re price of oil and gas.....do you think??
i think it's gettin so bad, that everybodys lookin out for numero uno, my dear. Cant you do something about all this? I thought you were runnin for prez...Question re price of oil and gas.....do you think??
Regarding gas prices I feel like killing myself, it's annoying and the rippling effect is one that I was not prepared to realize how extend this gas affects our daily lives.
The various oil companies are NOT supposed to be in communication with each other. If it is found out that they are they are subject to stiff fines from the FTC. The problem for us consumers is that there are so few of them reducing the competition. With low competition they can slowly ramp up the price and can expect the others to do so.
It's not illegal to watch each other to see what the others are up to. So when company A raises its price Company B and C see the change and raise their price the next day. It's just vicious greedy cycle.
Did you ever notice that when an event happens to raise the price of oil the gas prices go up the next day even before the first barrel of higher priced oil has been pumped? Did you notice that when an event that causes the oil price to go down it takes weeks before the gas prices fall?
Can the price of oil really be explained by supply and demand?
Last year in 2007 oil was selling at $60.00 a barrel. By May of this year oil had reached 126.00 a barrel, over a 100 % increase. To look at a more recent period from December of last year to now oil prices have risen from 99$ a barrel to over 126.00. There have also been periods of dramatic drops. It went from $75.00 a barrel in summer of 2006 to less than $60.00 a few months later
If this were simply or primarily a problem of supply how do explain this extreme volatility?
The official story that it is really the fact that China and India have become competitors. But they were competitors in December 2007 when oil was $60.00 a barrel. Isn鈥檛 it more likely that speculation is at the root of this volatilityCan the price of oil really be explained by supply and demand?
You're missing the fact that demand has risen more since 2007.
Also that supply has not increased to meet that demand. In fact, overall supply is going down.
This is not because there is actually less oil, but because access to supply has become more and more restricted. Everytime new oil deposits are found, the enviros show up and say ';you mustn't drill here, you'll wipe out the endangered Red-Winged Deathsquito!';
Combine that with the bad idea of ';windfall taxes'; (Already tried in Russia and Mexico, and the reason both nations' oil production has declined considerably even as they've discovered new oil reserves), and it's a recipe for high oil prices worldwide.
Scarcity at home (the US) is even higher because we've basically maxxed out our capacity to refine oil into gasoline, because we aren't keeping up with demand by building or expanding refineries. (Also environmental) Or developing nuclear, solar, or other sources fast enough to replace oil-burning power stations.
Yes, some of it is speculation, but it's really a combination of all these factors and more.Can the price of oil really be explained by supply and demand?
Supply and demand is a factor, but not a justification for what we are all enduring right now. There is a tremendous amount of greed and gouging going on too. Eventually they will price themselves into such a recession, and cause closings of businesses %26amp; trucking firms. their greed will drive up prices for food, clothing, medicine, furniture, public transportation....on and on.
They will create a population who hates them and will never respect them. It will also cause politicians to fall out of grace, and be constantly voted out till someone gets the message that we are not taking it any more.
I'm wondering if this will eventually catch up to them. I agree that demand hasn't doubled in the last year and supply hasn't decreased so it doesn't make all that much sense.
I hope the bottom falls out and we can get back to $70-80 per barrel. I don't want it to go too far down because my state's economy is dependent on oil and gas. Because of this we have not experienced any recession.
you bet ye, if only those darn chinese and indians were not getting richer by the day.
Add to that the attempt by the EU and Asia to devalue the dollar and it does.
As far as the profits being made by the oil companies, that is free enterprise working. If government steps in to 'control' the execes you will see a fuurther reduction in gas availability. If you are absolutely against the profits that the companies are making, stop buying, reduce their profits.
Every aspect of commerece the goverment gets into it cause a rise in prices and a limit of availability. SO don't get them involved. Remember the Government produces absolutely NOTHING.
Reduce the US dependency on forgeign oil, shut off the 'free money' spigot to the countries that stab us in the back and the US dollar will increase in value and oil will not be the #1 issue of the day.
It can't be explained by supply and demand, because there is no true supply and demand with a commodity such as oil. There is a big wrench in there called commodity speculation, which would be just harmless gambling, if it weren't on the scale of billions of dollars and didn't skew the price so much.
Make no mistake, upper-echelon commodities speculation is not transparent, is highly subject to manipulation and inside fixing, contributes nothing (ZERO) to the physical market, and when it comes to vital commodities like oil, the one who pays for their profit is YOU.
Commodities speculation should be outlawed immediately.
If you're starting to become more educated about this issue, and thus angry鈥攚ho wouldn't be, except the ones getting rich off of it鈥攚rite to your Representative and voice your concerns:
https://forms.house.gov/wyr/welcome.shtm鈥?/a>
If this were simply or primarily a problem of supply how do explain this extreme volatility?
The official story that it is really the fact that China and India have become competitors. But they were competitors in December 2007 when oil was $60.00 a barrel. Isn鈥檛 it more likely that speculation is at the root of this volatilityCan the price of oil really be explained by supply and demand?
You're missing the fact that demand has risen more since 2007.
Also that supply has not increased to meet that demand. In fact, overall supply is going down.
This is not because there is actually less oil, but because access to supply has become more and more restricted. Everytime new oil deposits are found, the enviros show up and say ';you mustn't drill here, you'll wipe out the endangered Red-Winged Deathsquito!';
Combine that with the bad idea of ';windfall taxes'; (Already tried in Russia and Mexico, and the reason both nations' oil production has declined considerably even as they've discovered new oil reserves), and it's a recipe for high oil prices worldwide.
Scarcity at home (the US) is even higher because we've basically maxxed out our capacity to refine oil into gasoline, because we aren't keeping up with demand by building or expanding refineries. (Also environmental) Or developing nuclear, solar, or other sources fast enough to replace oil-burning power stations.
Yes, some of it is speculation, but it's really a combination of all these factors and more.Can the price of oil really be explained by supply and demand?
Supply and demand is a factor, but not a justification for what we are all enduring right now. There is a tremendous amount of greed and gouging going on too. Eventually they will price themselves into such a recession, and cause closings of businesses %26amp; trucking firms. their greed will drive up prices for food, clothing, medicine, furniture, public transportation....on and on.
They will create a population who hates them and will never respect them. It will also cause politicians to fall out of grace, and be constantly voted out till someone gets the message that we are not taking it any more.
I'm wondering if this will eventually catch up to them. I agree that demand hasn't doubled in the last year and supply hasn't decreased so it doesn't make all that much sense.
I hope the bottom falls out and we can get back to $70-80 per barrel. I don't want it to go too far down because my state's economy is dependent on oil and gas. Because of this we have not experienced any recession.
you bet ye, if only those darn chinese and indians were not getting richer by the day.
Add to that the attempt by the EU and Asia to devalue the dollar and it does.
As far as the profits being made by the oil companies, that is free enterprise working. If government steps in to 'control' the execes you will see a fuurther reduction in gas availability. If you are absolutely against the profits that the companies are making, stop buying, reduce their profits.
Every aspect of commerece the goverment gets into it cause a rise in prices and a limit of availability. SO don't get them involved. Remember the Government produces absolutely NOTHING.
Reduce the US dependency on forgeign oil, shut off the 'free money' spigot to the countries that stab us in the back and the US dollar will increase in value and oil will not be the #1 issue of the day.
It can't be explained by supply and demand, because there is no true supply and demand with a commodity such as oil. There is a big wrench in there called commodity speculation, which would be just harmless gambling, if it weren't on the scale of billions of dollars and didn't skew the price so much.
Make no mistake, upper-echelon commodities speculation is not transparent, is highly subject to manipulation and inside fixing, contributes nothing (ZERO) to the physical market, and when it comes to vital commodities like oil, the one who pays for their profit is YOU.
Commodities speculation should be outlawed immediately.
If you're starting to become more educated about this issue, and thus angry鈥攚ho wouldn't be, except the ones getting rich off of it鈥攚rite to your Representative and voice your concerns:
https://forms.house.gov/wyr/welcome.shtm鈥?/a>
Is the price of oil being artificially manipulated?
Value of dollar has decreased by 20 percent over the past year and the price of oil has gone up by 100 percent over the past year. Has there been an 80 percent spike in demand?Is the price of oil being artificially manipulated?
Hello
Not at all.
How to reduce the oil price.
1.Reducing Vechicle run by petrol/diesel
2.All are ready to run cycle
3.Car production to be reduced.
4.People to come forwad to reduce the usage of Cars/Truck
5.Reuce the Plane Travel
Can people come forwad ?Is the price of oil being artificially manipulated?
Oil increases not because of oil companies (although they have a part) but because of the Mercantile market where oil is traded. When OPEC decreases the supply to this market, the oil price increase. When the world increases its demand on oil, the price goes up as well. Simple economics.
How do you control this? Well, many of those not-really-in-the-know don't understand that America only imports approx. 12% of its oil from foriegn sources. The rest of the oil is produced within our borders.
Effectively, we're selling the oil to ourselves, and we're setting the price based on international markets. Does this make sense to anyone? I hope you said NO to that question.
The easiest way to control oil for America is to pull out of the Merchantile market altogether, then fix the price of oil while adding a profit for the oil companies. The oil companies do NOT need to have monies to ';look for oil.'; We know where 99% of the oil is in this country.
That's the short term solution.
The long term solution would be to produce nuclear power plants whose sole purpose is to produce hydrogen fuel. Hydrogen is 3-5x the cost of gas per energy unit. It's not a good choice to run your car on. Hydrogen requires a LOT of electricity to manufacture. By using nuclear energy, it's nearly free. That's the long term solution as I see it.
Oh, and by the way, that's also a solution to solving the fresh water issues of this country because hydrogen byproduct is clean, pure water.
Nope. Oil is being speculated to death. Sad part is as much as it is speculated it will not come down much. High oil and high food cost is hear to stay. Only people who benefit are the oil company and the wealthy investers.
speculators are just taking advantage of a sure bet.
Hello
Not at all.
How to reduce the oil price.
1.Reducing Vechicle run by petrol/diesel
2.All are ready to run cycle
3.Car production to be reduced.
4.People to come forwad to reduce the usage of Cars/Truck
5.Reuce the Plane Travel
Can people come forwad ?Is the price of oil being artificially manipulated?
Oil increases not because of oil companies (although they have a part) but because of the Mercantile market where oil is traded. When OPEC decreases the supply to this market, the oil price increase. When the world increases its demand on oil, the price goes up as well. Simple economics.
How do you control this? Well, many of those not-really-in-the-know don't understand that America only imports approx. 12% of its oil from foriegn sources. The rest of the oil is produced within our borders.
Effectively, we're selling the oil to ourselves, and we're setting the price based on international markets. Does this make sense to anyone? I hope you said NO to that question.
The easiest way to control oil for America is to pull out of the Merchantile market altogether, then fix the price of oil while adding a profit for the oil companies. The oil companies do NOT need to have monies to ';look for oil.'; We know where 99% of the oil is in this country.
That's the short term solution.
The long term solution would be to produce nuclear power plants whose sole purpose is to produce hydrogen fuel. Hydrogen is 3-5x the cost of gas per energy unit. It's not a good choice to run your car on. Hydrogen requires a LOT of electricity to manufacture. By using nuclear energy, it's nearly free. That's the long term solution as I see it.
Oh, and by the way, that's also a solution to solving the fresh water issues of this country because hydrogen byproduct is clean, pure water.
Nope. Oil is being speculated to death. Sad part is as much as it is speculated it will not come down much. High oil and high food cost is hear to stay. Only people who benefit are the oil company and the wealthy investers.
speculators are just taking advantage of a sure bet.
If the price of oil is based on supply and demand,?
why does the price continue to decline while OPEC continues to drastically reduce their supplies? Is the demand, realistically, any less than it was when oil was being sold for $147/barrel (just a short time ago)? Now it's at only $35/barrel. My personal opinion: the speculators (those who can afford to lose money) are the ones who control all the markets. Do not be deceived by these greedy S_ofa_B's who are all about creating Hell on Earth for the masses while they lounge around, consuming the harvest which was meant for all. They feel they have the right to reap what they do not sow.If the price of oil is based on supply and demand,?
ur right. its the speculators
if the price was based on supply and demand, for gas prices to drop this much, something huge had to cause it (like an atomic war, massive flu epidemic, discovering how to use crap as energy or something to SEVERELY reduces the number of consumers)
in these days supply and demand might be responsible for maybe .15 or .20 cents difference but defiantly not $2-3 differences
sure i see the freeways these day with a FEW less drivers but thats not enough to force oil companies to desperately reduce the price by this muchIf the price of oil is based on supply and demand,?
OPEC might cut supply on paper, but in reality, they are still pumping the same or more.
Think about it.. You are an OPEC member. Your economy is going down the tubes because of the global crisis and you need money. Are you going to sell less oil in hopes that prices rise? Or are you going to nod and winkle to your OPEC buddies and then call the President of your State Run Oil Company and tell him to open the taps, we need that oil sold yesterday? Its not like there are any OPEC Police watching the output of its member nations.
And proof is in the fact that oil inventories keep rising, not falling. Until inventories drop, prices will keep falling.
It isn't.
I feel like your question was more of a political statement than an economics question, as you already seem to have your mind made up, but I'll try to answer anyways.
First off, remember that OPEC is not the only producer of oil. Russia and Canada (In fact, The United States buys more crude from Canada than any other country), for example, are non-OPEC nations that produce a large amount of crude. While OPEC can cut supply, Russian companies must accelerate production to keep revenue up in the face of lower prices. This increse in supply helps keep prices down.
Secondly, last years price spikes were a long time coming, and had very little to do with speculators. The skyrocketing demand for oil in China and India, coupled with inflation in the States was a price jump waiting to happen. In economics it is very easy to look at the surface of a problem from the sideline and come up with all sorts of explinations on things, remember in this science you must do detailed and unbiased research to find the answers.
ur right. its the speculators
if the price was based on supply and demand, for gas prices to drop this much, something huge had to cause it (like an atomic war, massive flu epidemic, discovering how to use crap as energy or something to SEVERELY reduces the number of consumers)
in these days supply and demand might be responsible for maybe .15 or .20 cents difference but defiantly not $2-3 differences
sure i see the freeways these day with a FEW less drivers but thats not enough to force oil companies to desperately reduce the price by this muchIf the price of oil is based on supply and demand,?
OPEC might cut supply on paper, but in reality, they are still pumping the same or more.
Think about it.. You are an OPEC member. Your economy is going down the tubes because of the global crisis and you need money. Are you going to sell less oil in hopes that prices rise? Or are you going to nod and winkle to your OPEC buddies and then call the President of your State Run Oil Company and tell him to open the taps, we need that oil sold yesterday? Its not like there are any OPEC Police watching the output of its member nations.
And proof is in the fact that oil inventories keep rising, not falling. Until inventories drop, prices will keep falling.
It isn't.
I feel like your question was more of a political statement than an economics question, as you already seem to have your mind made up, but I'll try to answer anyways.
First off, remember that OPEC is not the only producer of oil. Russia and Canada (In fact, The United States buys more crude from Canada than any other country), for example, are non-OPEC nations that produce a large amount of crude. While OPEC can cut supply, Russian companies must accelerate production to keep revenue up in the face of lower prices. This increse in supply helps keep prices down.
Secondly, last years price spikes were a long time coming, and had very little to do with speculators. The skyrocketing demand for oil in China and India, coupled with inflation in the States was a price jump waiting to happen. In economics it is very easy to look at the surface of a problem from the sideline and come up with all sorts of explinations on things, remember in this science you must do detailed and unbiased research to find the answers.
Could this lower the price of oil - US/Iranian tax on Saudi oil exports to China and the far east?
One reason crude oil has gone up in price so much is the anticipated future demand for oil from the far east, particularly China. One way to reduce the effect of this would be for the US and Iran to put in place a blockade of all oil tankers trying to pass along the north coast of the pacific ocean from Saudi Arabia to China. Tankers would have to pay a large tax to pass through.
This would increase the effective price of oil that the chinese would have to pay, so causing them to use less of it. This would reduce world consumption of oil, so the price would go down.
Is this something that the Americans or Iranians are considering I wonder?Could this lower the price of oil - US/Iranian tax on Saudi oil exports to China and the far east?
I don't know of any precedent for a third party collecting taxes on commodities. As I understand it the exporter or the importer is the taxing authority under these circumstances. In that light I hope nothing like this is attempted. What you are asking for amounts to an act of war. You would be acting against the exporting nation, the importing nation and the nation in which the tankers are registered. Any interruption on the high seas is not good. Even our Coast Guard and Customs people typically wait to act on smugglers until they are in the territorial waters of the US.
Besides that, I understand the Chinese government subsidizes fuel in China. Communists may not know a lot of things but they know their economy must grow and they know oil lubricates and fuels that economy.
I would like to applaud you though. At least you understand what is going on. Most people think it is a bunch of greedy oil men. FYI Exxon made a 17% profit last year and GOOGLE posted a profit of over 30%. Congress may be grilling the wrong people. That's just a drop of fuel you might like to use on some of your less knowledgeable friends.
Personally I think it is time we started decorating oak trees with radical environmentalists and begin some ';in earnest'; oil exploration. Sorry to all the folks who will have oil rigs spoil their view of costal waters as well as all the increasing number of polar bears. It was in the mid 70s when the last refinery went on like and we have lost some capacity since then due to fires and disasters. We have a lot of oil available for the drilling. Combine that with nuclear generated electricity and we could do a lot for prices in general. The fuel to produce and transport all goods is a significant percentage of the cost of doing business.
Your question is a good one but the concept is less than ideal. As I said, I do applaud you; you understand the problem and are really thinking about it. Keep it up; you may just hit on something no one has yet thought of.
Cheers.Could this lower the price of oil - US/Iranian tax on Saudi oil exports to China and the far east?
I think that might well upset China, which is not a good idea. China has so many people they could easierly afford to lose 100 million people fighting a bloody war. With their ability to knock out satellites long range weapons become useless (the weapons rely on GPS). Ocourse the Arabs may just decide not to sell us their oil, which would cause a bit of a problem.
Secondly and more importantly it goes against the idea of free trade.
Our fuel prices would go down if we stopped exporting our own oil and buying someone elses.
All oil from the north sea rigs is exported via an under sea pipe to stanlow then another pipe accross the country. All our oil is sold to The States then we buy oil back which comes in tankers to stanlow.
Stop Exporting British Oil only to buy it back
I hope not. Whatever difficulties we face we have no right to deprive people from having the things we enjoy and value. How would we like it if we were Chinese?la mer
This would increase the effective price of oil that the chinese would have to pay, so causing them to use less of it. This would reduce world consumption of oil, so the price would go down.
Is this something that the Americans or Iranians are considering I wonder?Could this lower the price of oil - US/Iranian tax on Saudi oil exports to China and the far east?
I don't know of any precedent for a third party collecting taxes on commodities. As I understand it the exporter or the importer is the taxing authority under these circumstances. In that light I hope nothing like this is attempted. What you are asking for amounts to an act of war. You would be acting against the exporting nation, the importing nation and the nation in which the tankers are registered. Any interruption on the high seas is not good. Even our Coast Guard and Customs people typically wait to act on smugglers until they are in the territorial waters of the US.
Besides that, I understand the Chinese government subsidizes fuel in China. Communists may not know a lot of things but they know their economy must grow and they know oil lubricates and fuels that economy.
I would like to applaud you though. At least you understand what is going on. Most people think it is a bunch of greedy oil men. FYI Exxon made a 17% profit last year and GOOGLE posted a profit of over 30%. Congress may be grilling the wrong people. That's just a drop of fuel you might like to use on some of your less knowledgeable friends.
Personally I think it is time we started decorating oak trees with radical environmentalists and begin some ';in earnest'; oil exploration. Sorry to all the folks who will have oil rigs spoil their view of costal waters as well as all the increasing number of polar bears. It was in the mid 70s when the last refinery went on like and we have lost some capacity since then due to fires and disasters. We have a lot of oil available for the drilling. Combine that with nuclear generated electricity and we could do a lot for prices in general. The fuel to produce and transport all goods is a significant percentage of the cost of doing business.
Your question is a good one but the concept is less than ideal. As I said, I do applaud you; you understand the problem and are really thinking about it. Keep it up; you may just hit on something no one has yet thought of.
Cheers.Could this lower the price of oil - US/Iranian tax on Saudi oil exports to China and the far east?
I think that might well upset China, which is not a good idea. China has so many people they could easierly afford to lose 100 million people fighting a bloody war. With their ability to knock out satellites long range weapons become useless (the weapons rely on GPS). Ocourse the Arabs may just decide not to sell us their oil, which would cause a bit of a problem.
Secondly and more importantly it goes against the idea of free trade.
Our fuel prices would go down if we stopped exporting our own oil and buying someone elses.
All oil from the north sea rigs is exported via an under sea pipe to stanlow then another pipe accross the country. All our oil is sold to The States then we buy oil back which comes in tankers to stanlow.
Stop Exporting British Oil only to buy it back
I hope not. Whatever difficulties we face we have no right to deprive people from having the things we enjoy and value. How would we like it if we were Chinese?
Where is the barrel of oil at when they put a price on?
Price is usually determined at the point of custody transfer. That point will depend on the contract between buyer and seller. Buyer will try to get the point of transfer closest to the point of use (refinery) and seller will try to get it closest to the point of production (well head). This will relieve loss responsibilities for the party that wins out on the point of transfer issue.Where is the barrel of oil at when they put a price on?
the ';local'; gas stations don't care, when they hear the price has gone up they jack up their price...ever notice that all the stations usually jack up the price on the same day? yet the gas was bought last week sometime and put in their tanks under ground...so much for the watchdogs.Where is the barrel of oil at when they put a price on?
after it is shipped, it is off loaded from ships and placed in barrels (55 gal.) to verify shipped amounts before it goes elsewhere. @ the docks,
It is a unit of measure.
Crude (and gasoline) is priced on the new york mercantile exchange in an ';open outcall'; auction system. You can follow intra-day price fluctuations at quote.com or futuresource.com The effect of the auction is to smooth sharp price fluctuations by temporarily providing counterparties to the major market participants: crude sellers and refineries (buyers).
Tired of traffic jams: Google Hallitubes and write about it in your blog, tell us what you think..
i think it is in the country that they sell it too
the ';local'; gas stations don't care, when they hear the price has gone up they jack up their price...ever notice that all the stations usually jack up the price on the same day? yet the gas was bought last week sometime and put in their tanks under ground...so much for the watchdogs.Where is the barrel of oil at when they put a price on?
after it is shipped, it is off loaded from ships and placed in barrels (55 gal.) to verify shipped amounts before it goes elsewhere. @ the docks,
It is a unit of measure.
Crude (and gasoline) is priced on the new york mercantile exchange in an ';open outcall'; auction system. You can follow intra-day price fluctuations at quote.com or futuresource.com The effect of the auction is to smooth sharp price fluctuations by temporarily providing counterparties to the major market participants: crude sellers and refineries (buyers).
Tired of traffic jams: Google Hallitubes and write about it in your blog, tell us what you think..
i think it is in the country that they sell it too
Will OPEC bankrupt 0bama's 35 mpg UAW in 4 years with very low oil prices?
... at about $1/gallon so Americans want big SUVs again?
They did this to Carter's dream of syn-fuels by sending oil to $10/barrel in 1986.Will OPEC bankrupt 0bama's 35 mpg UAW in 4 years with very low oil prices?
No. They know that the people will not fall for that again. They will milk us for as much as they can while we are transitioning to alternative energy to slow the progress. The demand is at record lows already and the speculators are inflating the prices while OPEC cuts production to create an artificial ';shortage'; for now.Will OPEC bankrupt 0bama's 35 mpg UAW in 4 years with very low oil prices?
But govt has control over the big banks and they now have speculators that are driving up the cost of oil - that is their plan to keep prices too high, plus they are jacking up the prices on Trucks and SUV's so people cannot afford to buy them.
When California wanted to ulimate large vehicles- Chrysler and GM were against it a couple years back. Now that Govt owns most of the GM and Chysler they make the calls- So its gonna happen. I will only BUY FORDS From now as I suspect most other people will too - cause they will be cheaper than govt cars.
I doubt it. Carter hadn't been President for five years in 1986. Reagan was President. Drop in oil price was due the OPEC not being able to agree on the amount to cut production. IF demand decreases, they would cut production. But worldwide demand won't decrease, because demand is increasing in China and India.
What is going to happen is that when people will drive these little gas sippers gas receipts will fall. So the Government will raise the gas tax to make up for it.
You can't win with the Government. You are going to grab your ankles no matter what you do.
You can't go through life walking on egg shells. Buy that gas guzzling SUV, screw the environment and live life.
No. You realize Carter wasn't in office in 1986, right? Reagan abandoned the energy conservation strategies Carter put forward. We would be MUCH better off otherwise.
Wouldn't that be nice?
I hope so... Cheap Gas is great for the economy. ...and for my bank account:)
They did this to Carter's dream of syn-fuels by sending oil to $10/barrel in 1986.Will OPEC bankrupt 0bama's 35 mpg UAW in 4 years with very low oil prices?
No. They know that the people will not fall for that again. They will milk us for as much as they can while we are transitioning to alternative energy to slow the progress. The demand is at record lows already and the speculators are inflating the prices while OPEC cuts production to create an artificial ';shortage'; for now.Will OPEC bankrupt 0bama's 35 mpg UAW in 4 years with very low oil prices?
But govt has control over the big banks and they now have speculators that are driving up the cost of oil - that is their plan to keep prices too high, plus they are jacking up the prices on Trucks and SUV's so people cannot afford to buy them.
When California wanted to ulimate large vehicles- Chrysler and GM were against it a couple years back. Now that Govt owns most of the GM and Chysler they make the calls- So its gonna happen. I will only BUY FORDS From now as I suspect most other people will too - cause they will be cheaper than govt cars.
I doubt it. Carter hadn't been President for five years in 1986. Reagan was President. Drop in oil price was due the OPEC not being able to agree on the amount to cut production. IF demand decreases, they would cut production. But worldwide demand won't decrease, because demand is increasing in China and India.
What is going to happen is that when people will drive these little gas sippers gas receipts will fall. So the Government will raise the gas tax to make up for it.
You can't win with the Government. You are going to grab your ankles no matter what you do.
You can't go through life walking on egg shells. Buy that gas guzzling SUV, screw the environment and live life.
No. You realize Carter wasn't in office in 1986, right? Reagan abandoned the energy conservation strategies Carter put forward. We would be MUCH better off otherwise.
Wouldn't that be nice?
I hope so... Cheap Gas is great for the economy. ...and for my bank account:)
Oil Barrel prices are going down, how come Plane Ticket prices go up?
I don't get it?Oil Barrel prices are going down, how come Plane Ticket prices go up?
oil prices are only going down because bush is playing around because he is about to leave his spot and when the next person starts the price will go back upOil Barrel prices are going down, how come Plane Ticket prices go up?
This is what the airlines say:
G is for what you Give to me.
R is for the small Return you see.
E is for Everyday.
E is for Every year.
D is for how Deceptive we can be.
One reason given was the state of the economy right
now has people delaying air travel
oil prices are only going down because bush is playing around because he is about to leave his spot and when the next person starts the price will go back upOil Barrel prices are going down, how come Plane Ticket prices go up?
This is what the airlines say:
G is for what you Give to me.
R is for the small Return you see.
E is for Everyday.
E is for Every year.
D is for how Deceptive we can be.
One reason given was the state of the economy right
now has people delaying air travel
Do you believe Oil prices will be holding steady at nearly $39 a barrel during Obama's 8 years' presidency ?
LOL
wait
LOLDo you believe Oil prices will be holding steady at nearly $39 a barrel during Obama's 8 years' presidency ?
The price of gas has nothing to do with government. It has to do with the oil companies. Just as there was no gas shortage in 1973-1974, as claimed, it was the oil companies. When gas got to what they wanted it to be, there suddenly was no gas shortage.
When oil companies are satisfied with the price they want it to be, it will stop getting higher. And since Bush is an ';oil'; man'; I wouldn't be surprised if he's a part of it all.Do you believe Oil prices will be holding steady at nearly $39 a barrel during Obama's 8 years' presidency ?
Oil prices are now over $135 a barrel (2002 they were $25 per barrel)...due to Bush and so if they go down great but I don't expect them to go up. And getting back down to $35 a barrel after the screw up of the last 8 years would be hard for anyone. I just know that if McSame is elected we could be looking at $10 a gallon of gas.
democrats '08
Obama will create millions of dinosaurs with his magical hope wand and then he will kill them and compress their corpses under extremely high pressure. In the span of seconds, Obama will do what normally takes millions or billions of years.
The world will have all the energy it ever needs and then Obama will embark on his next project of establishing an intergalactic welfare program.
Who intimated to you that oil will drop to $39 a barrel? Or do you mean $ 139. Either way,they will not hold steady no matter who is the pres.
They'll prolly get higher. Candidates are just using oil prices as a point of leverage for voters. I doubt any candidate will be able to make a noticable improvement
You got your camels out again. The price will go down to 2 dollars a barrel since the impostor will create alternative fuel for all (water).
Not unless we re-regulate the oil industry like we do with other utlities. I think that $39/barrel is gone forever.
$39 a barrel????????
Edit: 1 hr or so later and still laughing.
Will he be nuking China and India out of existence? Then no.
have you lost your mind? Obama already daid he will RAISE prices on all energy!
LMFAO!
haha
yeah right after my taxes are lowered under obama administration
wait
LOLDo you believe Oil prices will be holding steady at nearly $39 a barrel during Obama's 8 years' presidency ?
The price of gas has nothing to do with government. It has to do with the oil companies. Just as there was no gas shortage in 1973-1974, as claimed, it was the oil companies. When gas got to what they wanted it to be, there suddenly was no gas shortage.
When oil companies are satisfied with the price they want it to be, it will stop getting higher. And since Bush is an ';oil'; man'; I wouldn't be surprised if he's a part of it all.Do you believe Oil prices will be holding steady at nearly $39 a barrel during Obama's 8 years' presidency ?
Oil prices are now over $135 a barrel (2002 they were $25 per barrel)...due to Bush and so if they go down great but I don't expect them to go up. And getting back down to $35 a barrel after the screw up of the last 8 years would be hard for anyone. I just know that if McSame is elected we could be looking at $10 a gallon of gas.
democrats '08
Obama will create millions of dinosaurs with his magical hope wand and then he will kill them and compress their corpses under extremely high pressure. In the span of seconds, Obama will do what normally takes millions or billions of years.
The world will have all the energy it ever needs and then Obama will embark on his next project of establishing an intergalactic welfare program.
Who intimated to you that oil will drop to $39 a barrel? Or do you mean $ 139. Either way,they will not hold steady no matter who is the pres.
They'll prolly get higher. Candidates are just using oil prices as a point of leverage for voters. I doubt any candidate will be able to make a noticable improvement
You got your camels out again. The price will go down to 2 dollars a barrel since the impostor will create alternative fuel for all (water).
Not unless we re-regulate the oil industry like we do with other utlities. I think that $39/barrel is gone forever.
$39 a barrel????????
Edit: 1 hr or so later and still laughing.
Will he be nuking China and India out of existence? Then no.
have you lost your mind? Obama already daid he will RAISE prices on all energy!
LMFAO!
haha
yeah right after my taxes are lowered under obama administration
Are gas prices dropping just like before the elections in 2006?? Price manipulation, again, by big oil? ?
Are they dropping around your area?
(( This is a ';feel-good'; tactic, a drop in gas prices, that temporarily creates the feeling that if things are good, or getting better under this administration, then we should keep them in - resulting more likely in a Republican vote. Don't be fooled!! ))Are gas prices dropping just like before the elections in 2006?? Price manipulation, again, by big oil? ?
The US may not have complete control but the US has friends abroad. Clearly its price manipulation. Gas has dropped from $3.80 to $2.98 here in North Carolina (battleground state) within rwo weeks. I havent seen such a dramatic drop in pricess since right before the election of 2004.Are gas prices dropping just like before the elections in 2006?? Price manipulation, again, by big oil? ?
I hate to say it, but I am a Republican and have had the same feelings. Big oil knows that it can not justify billions of dollars in profit while the rest of the country is taking such a hit financially, so they are cooling their jets. I do not feel either of the current candidates are involved. The people who can do something about are the law making house and senate(Dems). If they would have sent some legislation across his desk to try to control this money making machine and he vetoed it. I would blame solely the Reps, but this is not the case.
The US has no control over oil prices. If they did, you can be sure Bush would have lowered them he was so unpopular.
The world recession is what has lowered oil prices, especially the recession in the US. Demand is down.
Oil was over-priced in the first place, people were making money off of it.
im glad you recognized the technique too. its despicable. it seems like every thing they do is a distraction . i honestly wonder how some of them can sleep at night.
They might be dropping so that everyone will get into their cars and get out and vote. Its your patriotic duty so get out there everyone.
hardly, they're dropping everywhere. your gas prices aint that bad anyway, we're celebrating now that it's just gone down below 拢5 ($10) a gallon here in England.
(( This is a ';feel-good'; tactic, a drop in gas prices, that temporarily creates the feeling that if things are good, or getting better under this administration, then we should keep them in - resulting more likely in a Republican vote. Don't be fooled!! ))Are gas prices dropping just like before the elections in 2006?? Price manipulation, again, by big oil? ?
The US may not have complete control but the US has friends abroad. Clearly its price manipulation. Gas has dropped from $3.80 to $2.98 here in North Carolina (battleground state) within rwo weeks. I havent seen such a dramatic drop in pricess since right before the election of 2004.Are gas prices dropping just like before the elections in 2006?? Price manipulation, again, by big oil? ?
I hate to say it, but I am a Republican and have had the same feelings. Big oil knows that it can not justify billions of dollars in profit while the rest of the country is taking such a hit financially, so they are cooling their jets. I do not feel either of the current candidates are involved. The people who can do something about are the law making house and senate(Dems). If they would have sent some legislation across his desk to try to control this money making machine and he vetoed it. I would blame solely the Reps, but this is not the case.
The US has no control over oil prices. If they did, you can be sure Bush would have lowered them he was so unpopular.
The world recession is what has lowered oil prices, especially the recession in the US. Demand is down.
Oil was over-priced in the first place, people were making money off of it.
im glad you recognized the technique too. its despicable. it seems like every thing they do is a distraction . i honestly wonder how some of them can sleep at night.
They might be dropping so that everyone will get into their cars and get out and vote. Its your patriotic duty so get out there everyone.
hardly, they're dropping everywhere. your gas prices aint that bad anyway, we're celebrating now that it's just gone down below 拢5 ($10) a gallon here in England.
On Yahoo news today it says oil prices will stay around $60 a barrel for 2007, Why? Mild weather is less?
It dropped to 49 a a barrelin Jan. Reason milw temps, well in summer it gets a lot warmer. So to think about it shouldnt the price go back down in the summer. Feels like everyone gets the run around on this all the time. Oil companies need to keep their anwsers in order. Starting to not make any sense except that they are price gouging.On Yahoo news today it says oil prices will stay around $60 a barrel for 2007, Why? Mild weather is less?
Gas always goes up in the warmer months. This is because people do a lot more driving, thus creating a bigger demand. Around this time of year it goes down...mild or not....no matter what they tell you
Happens every year......On Yahoo news today it says oil prices will stay around $60 a barrel for 2007, Why? Mild weather is less?
it becues of global warming summer are get warming so people are stay in there car and there is a oil shorge
they are wrong oil will be in the 40-50 range late this year
I don't know, but I think it's time we come up with a more efficient fuel. Corn oil is a good example, or anything we can grow would be good.
the speculators are betting on more trouble with Iran.
well it is a conclusion you need to come up with. Did they not offer explanation of tv? World market? war in Iraq? it may be gouging. Bottom line in Canada is, we have all sorts of oil so I think we all need to get our poop in a group and demand realistic pricing.
the greedy bastards have hiked the oil prices many years ago...now they just make anything up and tell us it's inflationla mer
Gas always goes up in the warmer months. This is because people do a lot more driving, thus creating a bigger demand. Around this time of year it goes down...mild or not....no matter what they tell you
Happens every year......On Yahoo news today it says oil prices will stay around $60 a barrel for 2007, Why? Mild weather is less?
it becues of global warming summer are get warming so people are stay in there car and there is a oil shorge
they are wrong oil will be in the 40-50 range late this year
I don't know, but I think it's time we come up with a more efficient fuel. Corn oil is a good example, or anything we can grow would be good.
the speculators are betting on more trouble with Iran.
well it is a conclusion you need to come up with. Did they not offer explanation of tv? World market? war in Iraq? it may be gouging. Bottom line in Canada is, we have all sorts of oil so I think we all need to get our poop in a group and demand realistic pricing.
the greedy bastards have hiked the oil prices many years ago...now they just make anything up and tell us it's inflation
Why oil prices are going up and gaz prices are going down in the same period ?
The price of gas in the US was unnaturally high because the oil companies said they didn't have the refinery capacity to keep up with demand. In other words they decreased supply which caused the price to go up. The price of gas (at least for the last few months) has been higher than justified by the price of oil and now it's starting to equalize.Why oil prices are going up and gaz prices are going down in the same period ?
gas prices will contenue to rise...
yes all the refineries are running at max..
and our demand is increasing..
simple math...
thank the democrats for blocking every
bill that would let more refineries be built
gas prices will contenue to rise...
yes all the refineries are running at max..
and our demand is increasing..
simple math...
thank the democrats for blocking every
bill that would let more refineries be built
The price of oil in June, 2008?
How high do you thinkl the price of oil will be in June 2008? I have a small bet (cup of tea) with a friend that frequents the local Barnes %26amp; Noble Bookstore in the mornings and I wonder what the consensus of opinion is.
Sincerely,
H. Court Young
Geologist, author %26amp; publisher
Promoting awareness through the written word
http://www.hcourtyoung.com
*Subscribe to my ILLUME newsletter 鈥?get a
Free 3-part mini-course entitled How to
Prepare for the Coming Energy Crisis
mailto:solarpower@getresponse.com*The price of oil in June, 2008?
i'm not sure, go to this website maybe it will helpThe price of oil in June, 2008?
prob $10.50
I've got to be the only one who thinks it will be cheaper in the future. Think about it, Bush is almost out of office, people will be happier and there will be a strain on the new president to fix all of his f-ck ups, and that includes doing something about oil because that's too much and if a democrat gets in, the economy will grow. That or raise minimum wage, so that way we can afford it if it gets to be too high. You almost need a second job just to pay for oil alone. Anyone find it ironic that Bush has a history with oil and yet prices are so high? Hmmm 10 bucks says the new President will cut oil prices. Or we as a people can do something about it, we just won't drive. When the people have had enough, the government will do something about it. They can't afford for Americans to just not show up for work, and we're getting sick of it as it is. I'm thinking of moving to that one Indiana town that uses ethanol for gas and doesn't rely on wasting our natural resources.
$10.00 per gallon
fine. call me a pessimist!
If you extrapolate the price of the last six months.. it would be very safe to guess that we would see oil in the $130 dollar a bbl range. This would translate, in the US to a price of gasoline around 350 cents per gallon
maybe about $5 to $6
THAT'S A LOT!!!!!!!!
too damn much.
i have no idea what you wrote but ok ill agreee with you!
I would ask my dad but hes not here sorry
using my intellectualality and my consistant use of knowledge i beleive the oil prices will rise reidiculously high.mostly likely atleast to 4.50 or 5.00
Hmmm. Let me take a shot at this...
Presidential election coming up.
Vacation season starting.
Recession in full swing.
Possibly downsizing troops in Iraq.
Chavez needs to get breast reduction surgery.
I'll chance it and say it will be somewhere around $106.8 per barrel. But it will peak higher prior to June. But you asked for June 2008.
i believe it closed @97 bucks this week. my prediction 106 go long with gold my friend800 now 900 at the same time as oil UMMMMMM?
Sincerely,
H. Court Young
Geologist, author %26amp; publisher
Promoting awareness through the written word
http://www.hcourtyoung.com
*Subscribe to my ILLUME newsletter 鈥?get a
Free 3-part mini-course entitled How to
Prepare for the Coming Energy Crisis
mailto:solarpower@getresponse.com*The price of oil in June, 2008?
i'm not sure, go to this website maybe it will helpThe price of oil in June, 2008?
prob $10.50
I've got to be the only one who thinks it will be cheaper in the future. Think about it, Bush is almost out of office, people will be happier and there will be a strain on the new president to fix all of his f-ck ups, and that includes doing something about oil because that's too much and if a democrat gets in, the economy will grow. That or raise minimum wage, so that way we can afford it if it gets to be too high. You almost need a second job just to pay for oil alone. Anyone find it ironic that Bush has a history with oil and yet prices are so high? Hmmm 10 bucks says the new President will cut oil prices. Or we as a people can do something about it, we just won't drive. When the people have had enough, the government will do something about it. They can't afford for Americans to just not show up for work, and we're getting sick of it as it is. I'm thinking of moving to that one Indiana town that uses ethanol for gas and doesn't rely on wasting our natural resources.
$10.00 per gallon
fine. call me a pessimist!
If you extrapolate the price of the last six months.. it would be very safe to guess that we would see oil in the $130 dollar a bbl range. This would translate, in the US to a price of gasoline around 350 cents per gallon
maybe about $5 to $6
THAT'S A LOT!!!!!!!!
too damn much.
i have no idea what you wrote but ok ill agreee with you!
I would ask my dad but hes not here sorry
using my intellectualality and my consistant use of knowledge i beleive the oil prices will rise reidiculously high.mostly likely atleast to 4.50 or 5.00
Hmmm. Let me take a shot at this...
Presidential election coming up.
Vacation season starting.
Recession in full swing.
Possibly downsizing troops in Iraq.
Chavez needs to get breast reduction surgery.
I'll chance it and say it will be somewhere around $106.8 per barrel. But it will peak higher prior to June. But you asked for June 2008.
i believe it closed @97 bucks this week. my prediction 106 go long with gold my friend800 now 900 at the same time as oil UMMMMMM?
Is the CURRENT PRICE OF OIL based on the FUTURE EXPECTATION ON THE OIL MARKET?
Since we our capitalism provides a Commodity Futures Market in order to allow investors to speculate on the future markets of oil supplies (which is advantageous since it averages out supply risk over a longer period of time instead of shorter durations more susceptible to sharp spikes).
If we think there will be MORE oil 10 years from now, we would see prices drop NOW?
If we think there will be LESS oil 10 years from now, we would see prices rise NOW?
Isn't that how it works?
It been a whole since I took economincs, but isn't that how it all works?
Does Obama and Pelosi know this?
[ [ Please STAR this, as I'd like as many economic experts to see this as possible ] ]Is the CURRENT PRICE OF OIL based on the FUTURE EXPECTATION ON THE OIL MARKET?
Yes it is. We all saw a drop as soon as Bush supported off shore drilling. But the Democrats don't want that, they want to see increased prices, strictly for political gain. Go figure. Is the CURRENT PRICE OF OIL based on the FUTURE EXPECTATION ON THE OIL MARKET?
Mostly yes, the oil price is based on speculators and how much oil they think we will be using and how much supply they think will be there. It is based on the more immediate future, the next month or so. If the oil companies really wanted to, they could actually put some real research money, from their record profits, into finding the next energy sources (that is how capitalism is supposed to work).
Oil prices will keep going up.
We knew this during the Carter Administration.
But Reagan, Bush, Clinton and Bush did nothing.
Now the former Speaker of the House Newt Ginrich has the gaul to say drill here, drill now, pay less. Don't protect America when you are the Speaker. But now that he is out of office Newt Ginrich has found religion.
Mr. News
Drilling now is the sensical thing to do no matter what effect it will have on the supply and demand. Our natural resources do not belong to a political party nor a small vocal minority of environmentalists. Our resources belong to all of us each and everyone. They are the property of the people and the states they reside in. We have for far too long alowed special interests groups to hold the will of the majority hostage.
OIl prices also drop when demand drops. Some plans to decrease deamand is more immediate than plans to increase supply.
not entirely... but to an extent you're correct.
the problem with speculation and the free market is that, when people talk about regulating speculation people complain that they are handcuffing the free market...
but a free market is not only free from intervention from the Government, but is also free from intervention of corruption...
Corruption occurs when speculators buy oil at MUCH HIGHER PRICES than it is worth...
....what this does is create artificial demand...which brings the price of oil up right now, but does not, in theory, reflect the future price of oil...because these people are buying at a much higher rate than they think oil should eventually be worth...
BUT this in turn causes oil prices to increase even further to unnatural prices... which were higher than they should have been to begin with...
this creates a never-ending piggy bank for speculators...well until the world runs out of oil, anyway.
as long as RIGHT NOW they continue to buy futures in oil for much higher than a free market would ever charge for oil...the price will artificially be driven higher... and higher and higher... non-stop profits.
this corruption fetters the free market even more than regulations would. because at least regulations' goals would be to keep the price as natural as possible.
EDIT: and as for ';increasing the supply'; in total...if we drilled everywhere in the entire united states, we would increase the worlds supply of oil 3%... we have 3% of the worlds oil... we USE 25% of the worlds oil... drilling everywhere possible would not effect the real price of oil...
also on the supply and demand mark:
even if we had more of the worlds oil...supply and demand seems to have no place in the Oil Market:
Since the year 2001, America's Oil consumption as gone down every year...and the price has gone up...this violates every supply and demand rule known to mankind... our DEMAND decreased, yet the price INCREASED
EDIT: I understand it's a world market... that is my point exactly... we have 3% of the worlds oil witin our borders... we are already drilling MOST of that... if we drill all of the rest of it up... that will not effect the price immediately OR in the long term... this oil everyone wants to drill in America... it is an insignificant amount ESPECIALLY when you consider how much oil we consume....
If we think there will be MORE oil 10 years from now, we would see prices drop NOW?
If we think there will be LESS oil 10 years from now, we would see prices rise NOW?
Isn't that how it works?
It been a whole since I took economincs, but isn't that how it all works?
Does Obama and Pelosi know this?
[ [ Please STAR this, as I'd like as many economic experts to see this as possible ] ]Is the CURRENT PRICE OF OIL based on the FUTURE EXPECTATION ON THE OIL MARKET?
Yes it is. We all saw a drop as soon as Bush supported off shore drilling. But the Democrats don't want that, they want to see increased prices, strictly for political gain. Go figure. Is the CURRENT PRICE OF OIL based on the FUTURE EXPECTATION ON THE OIL MARKET?
Mostly yes, the oil price is based on speculators and how much oil they think we will be using and how much supply they think will be there. It is based on the more immediate future, the next month or so. If the oil companies really wanted to, they could actually put some real research money, from their record profits, into finding the next energy sources (that is how capitalism is supposed to work).
Oil prices will keep going up.
We knew this during the Carter Administration.
But Reagan, Bush, Clinton and Bush did nothing.
Now the former Speaker of the House Newt Ginrich has the gaul to say drill here, drill now, pay less. Don't protect America when you are the Speaker. But now that he is out of office Newt Ginrich has found religion.
Mr. News
Drilling now is the sensical thing to do no matter what effect it will have on the supply and demand. Our natural resources do not belong to a political party nor a small vocal minority of environmentalists. Our resources belong to all of us each and everyone. They are the property of the people and the states they reside in. We have for far too long alowed special interests groups to hold the will of the majority hostage.
OIl prices also drop when demand drops. Some plans to decrease deamand is more immediate than plans to increase supply.
not entirely... but to an extent you're correct.
the problem with speculation and the free market is that, when people talk about regulating speculation people complain that they are handcuffing the free market...
but a free market is not only free from intervention from the Government, but is also free from intervention of corruption...
Corruption occurs when speculators buy oil at MUCH HIGHER PRICES than it is worth...
....what this does is create artificial demand...which brings the price of oil up right now, but does not, in theory, reflect the future price of oil...because these people are buying at a much higher rate than they think oil should eventually be worth...
BUT this in turn causes oil prices to increase even further to unnatural prices... which were higher than they should have been to begin with...
this creates a never-ending piggy bank for speculators...well until the world runs out of oil, anyway.
as long as RIGHT NOW they continue to buy futures in oil for much higher than a free market would ever charge for oil...the price will artificially be driven higher... and higher and higher... non-stop profits.
this corruption fetters the free market even more than regulations would. because at least regulations' goals would be to keep the price as natural as possible.
EDIT: and as for ';increasing the supply'; in total...if we drilled everywhere in the entire united states, we would increase the worlds supply of oil 3%... we have 3% of the worlds oil... we USE 25% of the worlds oil... drilling everywhere possible would not effect the real price of oil...
also on the supply and demand mark:
even if we had more of the worlds oil...supply and demand seems to have no place in the Oil Market:
Since the year 2001, America's Oil consumption as gone down every year...and the price has gone up...this violates every supply and demand rule known to mankind... our DEMAND decreased, yet the price INCREASED
EDIT: I understand it's a world market... that is my point exactly... we have 3% of the worlds oil witin our borders... we are already drilling MOST of that... if we drill all of the rest of it up... that will not effect the price immediately OR in the long term... this oil everyone wants to drill in America... it is an insignificant amount ESPECIALLY when you consider how much oil we consume....
Can you please tell me website where I can see the graphs of oil prices from 2004-2006?
Here is a link to to one. Select US(at the top) instead of Dayton, and change the time to 3 years.
Also a link to world oil prices.Can you please tell me website where I can see the graphs of oil prices from 2004-2006?
http://www.gasbuddy.com has good historical prices/graphs.Can you please tell me website where I can see the graphs of oil prices from 2004-2006?
Just go to www.Google.com and then go to images and then type in what ever you need and sometimes it is not always on the first page but usally it is...
Also a link to world oil prices.Can you please tell me website where I can see the graphs of oil prices from 2004-2006?
http://www.gasbuddy.com has good historical prices/graphs.Can you please tell me website where I can see the graphs of oil prices from 2004-2006?
Just go to www.Google.com and then go to images and then type in what ever you need and sometimes it is not always on the first page but usally it is...
Its about the oil shortage and price. ..?
So my question is about the oil shortage and price (well, its gettin higher, ain't it?) What do you think will happen to the future?
Please, Answer me with sense thank you!Its about the oil shortage and price. ..?
Oil shortage? No such thing.
They have found oil in Alaska, northern Canada and Russia that can supply currernt future demand, with a growth rate of 10% per year included, for 600+ years.
Oil should be the main driver of industry for at least the next 50 years. They will and are producing cars that use less oil. But in the end, we will find another source and use it, for example electricity for cars, which is not a development problem in regards to making the tech, its about implementing the structure in countries so people can re charge their cars.
Please, Answer me with sense thank you!Its about the oil shortage and price. ..?
Oil shortage? No such thing.
They have found oil in Alaska, northern Canada and Russia that can supply currernt future demand, with a growth rate of 10% per year included, for 600+ years.
Oil should be the main driver of industry for at least the next 50 years. They will and are producing cars that use less oil. But in the end, we will find another source and use it, for example electricity for cars, which is not a development problem in regards to making the tech, its about implementing the structure in countries so people can re charge their cars.
The price of oil going up...Great!?
I youse the bicycle to get to my work but i cant understand why a lot more people can't do the same, I can understand that some people need a car just to get to work if they stay more than 5miles or disabled, but there is these people that stay in my town that lives only 1mile to 2miles from where they work and they still take the car also we are not using oil wisely like we are burning it up like there is no tomorrow, what is trapped underneath the earth is supposed to last us for hundreds maybe a thousand years. So what do you think should more people get on there bike?The price of oil going up...Great!?
I actually agree that it's good. It doesn't affect me much, because I either bike or ride an electric moped to work (13 miles), and when I do drive, it's in a Prius. If gas prices go up $1/gallon, it only costs me about an extra $20/month. Not the end of the world.
However, it does encourage people to drive more fuel efficient cars. In the past month I've seen a RAV4 EV, natural gas Civic, Vectrix electric motorcycle, lots of bikes, and several mopeds driving around. Plus many more Priuses and other hybrids than I used to see.
http://greenhome.huddler.com/forum/threa鈥?/a>
This is great. We've driven inefficient cars in the US for far too long because gas has been ridiculously cheap. Even now our gas is still only about half what it costs in most European countries! It's high time that Americans stopped being so wasteful and inefficient in our transportation and caught up with the rest of the developed world. If you don't like it, then sell your SUV and buy a smaller car. Start riding a bike or moped or take public transportation. Adapt. While high gas prices are inconvenient in the short-term, we'll benefit in the long-term.The price of oil going up...Great!?
I like the comment about how oil affects everything. It is very true. Then comment about our government doing more to combat this simply made me laugh. C'mon our government doing something useful? Our government is controlled through these oil companies. It benefits them to keep the prices high. The reason we arent seeing lost cost electric hybrids are because the oil companies have suppressed it. They make billions possibly trillions on oil. What is it for them to toss a little bit of that aside to buy a patent so no one can use it? Look at the Chevy Volt. The reason we wont be seeing it in the near future is because the battery technology isnt around. The inventor says differently. It is ready to go and we wont see it.
I do kinda agree. Although I am finding it expensive, I have actually cut down the amount I use my car. It's not to bad for me because I drive a small car with a small engine. I have used my bike a bit more and I am thinking to use it more often for short journeys. I have been thinking about getting my car or the next car I own converted to LPG or Vegetable oil. I think we need to start looking at alternative fuels.
I think ppl should invent something that one person rides a bike and petals then there is a seat or somethin for disabled ppl to sit in. It would be better for the enviornment and would mae the prices of oil go down in price. Also, ppl should invent a motor for bikes and scooters. That way, when ppl ride on bikes, they could go extra faster and it wouldn't case pollution. Good idea right?
Riiiight. Listen, my wife goes to work at 2:30 in the morning. It would be unsafe and irresponsible for me to allow her to bicycle to work through this neighborhood! Not to mention that she'd need a shower when she got there. Bicycles are great for some things. But they're no replacement for a car. The real answer is to convert to ethanol, biodiesel, or electric cars. We don't need Big Oil and we need to let them know that!
I agree totally with you on this, i pretty much walk everywhere local or take the bus if its pouring with rain..
i think that the car sharing clubs within buisinesses are a step in the right direction, and fuel costs can be shared too..but like you say,take an alternative mode of transport like the bicycle,its cheap,you get there, and you can only make yourself late for that important meeting!!
It just shows what a pillock you are, every time the cost of diesel goes up virtually every commodity we buy including food goes up, which is great if you own an oil well, but for those who are struggling to make ends meet it can mean reducing what they eat or the amount of heat they need to keep warm. Just remember the are large parts of the country with none or very little public transport they have to use a vehicle , so think before openning your mouth
Wow. Mixed emotions. I can drive to work in 45 minutes. I cannot afford a bicycle that can go 22 miles to work reliably. I am going to take a bus for 2 hours to get to work. But I am only doing it because I believe that these high prices are a technical bubble, and that at the first sign of real conservation the bubble will burst.
On the other hand, it is necessary to have lasting conservation to combat global warming. I need to find a way to get my consumption down even after the bubble bursts.
I dare you to rant that stuff in an economically depressed city in the Northeast or Heartland... You'll get yourself killed.
Oil is best left cheap.
But it's true that more people should bike to work or use mass transit if it's feasible.
your right although i hate to admit it. only one thing will change our attitude to oil usage - economic pressure.
Short term pain for long term survival. its a no brainer really
yea there dum your smart
Its not an issue of personal choice, it effects everyone and everything. You might go on your bike but how did you get your bike? Oil got it to you. If you have a cat its food will be more expensive to produce and deliver. EVERYTHING uses oil either to deliver or in some form to make whether its from oil powered electric stations to medicines. Even Oxfam wont be able to deliver as much stock to the third world because its spending more on fuel. I do 60000 miles a year in my work, cant do that on a bike but fuel gone up 30 odd percent in a matter of months. Itll be the same for suppliers so the products, services will have to cost more. We are all going to struggle if something isnt done soon, the least would be massive redundancies.
I agree with the first person. You tree huggers make me sick. I dare you to walk into a low/mid-class neighborhood who are being effected most by these oil prices and you'd be shot.
The government needs to be figuring out this problem, don't we pay taxes for a reason?
When oil prices go up everything goes up, and what about us middle class workers who have no choice but to travel 20 plus miles to work everyday so we can feed our kids!? Shove your electric scooter up your ***.
Us construction workers, electricians, carptenters, we have no choice but to drive long distances to work, and drive work vans so we can transport our tools. Maybe the next time your power goes out you should just sit in the dark so you don't pollute the Earth when someone has to drive a van out to your place to fix it.
Until a better, safer, cleaner source of energy can be used jacking oil prices up isn't doing anything except making an already hard life, even harder for lower to middle class.
I'd like to see you transport enough tools to make a service call on your bike you f*** face.recipes cream
I actually agree that it's good. It doesn't affect me much, because I either bike or ride an electric moped to work (13 miles), and when I do drive, it's in a Prius. If gas prices go up $1/gallon, it only costs me about an extra $20/month. Not the end of the world.
However, it does encourage people to drive more fuel efficient cars. In the past month I've seen a RAV4 EV, natural gas Civic, Vectrix electric motorcycle, lots of bikes, and several mopeds driving around. Plus many more Priuses and other hybrids than I used to see.
http://greenhome.huddler.com/forum/threa鈥?/a>
This is great. We've driven inefficient cars in the US for far too long because gas has been ridiculously cheap. Even now our gas is still only about half what it costs in most European countries! It's high time that Americans stopped being so wasteful and inefficient in our transportation and caught up with the rest of the developed world. If you don't like it, then sell your SUV and buy a smaller car. Start riding a bike or moped or take public transportation. Adapt. While high gas prices are inconvenient in the short-term, we'll benefit in the long-term.The price of oil going up...Great!?
I like the comment about how oil affects everything. It is very true. Then comment about our government doing more to combat this simply made me laugh. C'mon our government doing something useful? Our government is controlled through these oil companies. It benefits them to keep the prices high. The reason we arent seeing lost cost electric hybrids are because the oil companies have suppressed it. They make billions possibly trillions on oil. What is it for them to toss a little bit of that aside to buy a patent so no one can use it? Look at the Chevy Volt. The reason we wont be seeing it in the near future is because the battery technology isnt around. The inventor says differently. It is ready to go and we wont see it.
I do kinda agree. Although I am finding it expensive, I have actually cut down the amount I use my car. It's not to bad for me because I drive a small car with a small engine. I have used my bike a bit more and I am thinking to use it more often for short journeys. I have been thinking about getting my car or the next car I own converted to LPG or Vegetable oil. I think we need to start looking at alternative fuels.
I think ppl should invent something that one person rides a bike and petals then there is a seat or somethin for disabled ppl to sit in. It would be better for the enviornment and would mae the prices of oil go down in price. Also, ppl should invent a motor for bikes and scooters. That way, when ppl ride on bikes, they could go extra faster and it wouldn't case pollution. Good idea right?
Riiiight. Listen, my wife goes to work at 2:30 in the morning. It would be unsafe and irresponsible for me to allow her to bicycle to work through this neighborhood! Not to mention that she'd need a shower when she got there. Bicycles are great for some things. But they're no replacement for a car. The real answer is to convert to ethanol, biodiesel, or electric cars. We don't need Big Oil and we need to let them know that!
I agree totally with you on this, i pretty much walk everywhere local or take the bus if its pouring with rain..
i think that the car sharing clubs within buisinesses are a step in the right direction, and fuel costs can be shared too..but like you say,take an alternative mode of transport like the bicycle,its cheap,you get there, and you can only make yourself late for that important meeting!!
It just shows what a pillock you are, every time the cost of diesel goes up virtually every commodity we buy including food goes up, which is great if you own an oil well, but for those who are struggling to make ends meet it can mean reducing what they eat or the amount of heat they need to keep warm. Just remember the are large parts of the country with none or very little public transport they have to use a vehicle , so think before openning your mouth
Wow. Mixed emotions. I can drive to work in 45 minutes. I cannot afford a bicycle that can go 22 miles to work reliably. I am going to take a bus for 2 hours to get to work. But I am only doing it because I believe that these high prices are a technical bubble, and that at the first sign of real conservation the bubble will burst.
On the other hand, it is necessary to have lasting conservation to combat global warming. I need to find a way to get my consumption down even after the bubble bursts.
I dare you to rant that stuff in an economically depressed city in the Northeast or Heartland... You'll get yourself killed.
Oil is best left cheap.
But it's true that more people should bike to work or use mass transit if it's feasible.
your right although i hate to admit it. only one thing will change our attitude to oil usage - economic pressure.
Short term pain for long term survival. its a no brainer really
yea there dum your smart
Its not an issue of personal choice, it effects everyone and everything. You might go on your bike but how did you get your bike? Oil got it to you. If you have a cat its food will be more expensive to produce and deliver. EVERYTHING uses oil either to deliver or in some form to make whether its from oil powered electric stations to medicines. Even Oxfam wont be able to deliver as much stock to the third world because its spending more on fuel. I do 60000 miles a year in my work, cant do that on a bike but fuel gone up 30 odd percent in a matter of months. Itll be the same for suppliers so the products, services will have to cost more. We are all going to struggle if something isnt done soon, the least would be massive redundancies.
I agree with the first person. You tree huggers make me sick. I dare you to walk into a low/mid-class neighborhood who are being effected most by these oil prices and you'd be shot.
The government needs to be figuring out this problem, don't we pay taxes for a reason?
When oil prices go up everything goes up, and what about us middle class workers who have no choice but to travel 20 plus miles to work everyday so we can feed our kids!? Shove your electric scooter up your ***.
Us construction workers, electricians, carptenters, we have no choice but to drive long distances to work, and drive work vans so we can transport our tools. Maybe the next time your power goes out you should just sit in the dark so you don't pollute the Earth when someone has to drive a van out to your place to fix it.
Until a better, safer, cleaner source of energy can be used jacking oil prices up isn't doing anything except making an already hard life, even harder for lower to middle class.
I'd like to see you transport enough tools to make a service call on your bike you f*** face.
Why do gas prices rise with the price of oil when the gas is already paid for and the oil is still crude?
if the station pays 2.00 a gallon and is selling it for 3.50 a gallon at 7 am and the price of unrefined crude goes up the gas at the station is the same 2.00 gas but the price jumps to 4.00 a gal. why is this not considered price gouging by whoever raises the price and why did this not seem to take effect until the current administration was in the white house. If price gouging is illegal then why is this not illegal and nobody has been prosecuted for it.if this is not illegal then why is insider stock trading. it seems to be abot the same ting to me.Why do gas prices rise with the price of oil when the gas is already paid for and the oil is still crude?
Need to contact your Governor. In Illinois it's a law that any gas that is still in the tank, must be sold at what ever cost it was, and only can be raise when they get new fuel fill up.Why do gas prices rise with the price of oil when the gas is already paid for and the oil is still crude?
none of the answers address my question. fact is at 10 billion $ aquarter profit at $4 a gallon $2 a gallon gas would net u 20 billion a year. this is greed and war profiteering in its most flagrant form since germany in ww2 . Report Abuse
Because they're screwing us.. Gas will never go below $4 a gallon again. NEVER!! You can ask a million questions about gas prices but you're not going to change a thing. High prices for gas are here to stay.
Because they are unamerican and want their $$ regardless of the effect on the economy..
Need to contact your Governor. In Illinois it's a law that any gas that is still in the tank, must be sold at what ever cost it was, and only can be raise when they get new fuel fill up.Why do gas prices rise with the price of oil when the gas is already paid for and the oil is still crude?
none of the answers address my question. fact is at 10 billion $ aquarter profit at $4 a gallon $2 a gallon gas would net u 20 billion a year. this is greed and war profiteering in its most flagrant form since germany in ww2 . Report Abuse
Because they're screwing us.. Gas will never go below $4 a gallon again. NEVER!! You can ask a million questions about gas prices but you're not going to change a thing. High prices for gas are here to stay.
Because they are unamerican and want their $$ regardless of the effect on the economy..
The Oil Prices Are Fixed - Oil Exporting Countries Easily and Insantly put 5 million more barrels per day?
what are you asking about?
if you're asking if that statement is true, then the answer is yes
if you're asking if that statement is true, then the answer is yes
Why two oil men (Bush & Cheny) as leaders have made such mess in american oil prices?
The oil prices are all time high, and have gone up about 50% in the past 6 months.
Bush and Cheny worked in the oil industry before before they became politicians. It appears they could have done a better job in lowering the oil prices of america - whether thru a better petroleum industry policy, energy saving policy, better energy cars, better relation with oil producing countries, etc.Why two oil men (Bush %26amp; Cheny) as leaders have made such mess in american oil prices?
Wow, it was them? And all this time I thought it was Iran, speculators, China and India having such huge growths in industry, enormous global demand, and OPEC's production not meeting demand. How silly of me!! Of course it was these 2 men, and only these 2 men that have done this. It's all so clear now!
P.S. Does ML stand for moronic liberal?Why two oil men (Bush %26amp; Cheny) as leaders have made such mess in american oil prices?
How is it that so many expound on Bush %26amp; Cheney's stupidity, yet proffer statements such as this dynamic duo was able to mess up american oil prices. People believe what they want to but fact is, two men cannot manipulate oil prices despite having been in the oil business.
Bush was part owner of a baseball team. Is that why A-Rod managed a quarter billion dollar contract. How about the Clintons and Obamas being lawyers. Maybe that's why America is the most litigious country in the world and the trial lawyers get a free pass.
The conclusion you come to based on your premise doesn't work.
Two world renowned global energy experts have told Congress that it will take a comprehensive energy plan including increasing domestic production to solve the oil crisis.
Why do you think Pelosi has vowed to block any votes coming to the floor? Obama. She wouldn't won't him to look like he was wrong!
CONGRESS PASSES LAWS! NOT THE PRESIDENT! So write to your local congressman and ask him / her to please allow drilling to increase supply and decrease our dependency on foriegn oil. And while you're at it, ask Nancy Pelosi why she keeps blocking a vote in the House Of Representatives on off shore drilling.
isn't funny how a ex oil man is pres and vice pres used to be the ceo of haliburton,the price of oil jumps from 26$ to 140$ a barrel
i'm not a conspiracy theorist,just saying if colonel sanders was president and the price of KFC tripled i'd be suspicious
You know what? Bush and Cheney are not the problem but they could be the solution..... After all don't we help provide food to the Middle East. We could simply cut off that food supply...oh but wait....the liberals would never stand for it so I guess we can't.
Brilliance the two men were required by law to divest themselves. You should take a closer look at your Liberal Buddies like John Kerry who has investments in Exxon and BP.
You need to explain how two men can control the price of oil. Please tell us just how this happens. You seem to think you know. Lets hear it.
they did their job...got oil up there to $147 a barrel....it seems that a foreign policy that tilts toward war and not having talks tends to raise the price
The price of oil sky rocketed in the last two years. The same time both houses of Congress were controlled by the Democrats. See any correlation there Sparky?
They have not made a mess of oil prices. The oil companies are doing fabulously well. Wasn't that the plan.
American oil men are making oil~lot of Money with the high price per Barrel sold by OPEC then inflated by speculators.... cant you see the beauty of it all
Bush and Cheny worked in the oil industry before before they became politicians. It appears they could have done a better job in lowering the oil prices of america - whether thru a better petroleum industry policy, energy saving policy, better energy cars, better relation with oil producing countries, etc.Why two oil men (Bush %26amp; Cheny) as leaders have made such mess in american oil prices?
Wow, it was them? And all this time I thought it was Iran, speculators, China and India having such huge growths in industry, enormous global demand, and OPEC's production not meeting demand. How silly of me!! Of course it was these 2 men, and only these 2 men that have done this. It's all so clear now!
P.S. Does ML stand for moronic liberal?Why two oil men (Bush %26amp; Cheny) as leaders have made such mess in american oil prices?
How is it that so many expound on Bush %26amp; Cheney's stupidity, yet proffer statements such as this dynamic duo was able to mess up american oil prices. People believe what they want to but fact is, two men cannot manipulate oil prices despite having been in the oil business.
Bush was part owner of a baseball team. Is that why A-Rod managed a quarter billion dollar contract. How about the Clintons and Obamas being lawyers. Maybe that's why America is the most litigious country in the world and the trial lawyers get a free pass.
The conclusion you come to based on your premise doesn't work.
Two world renowned global energy experts have told Congress that it will take a comprehensive energy plan including increasing domestic production to solve the oil crisis.
Why do you think Pelosi has vowed to block any votes coming to the floor? Obama. She wouldn't won't him to look like he was wrong!
CONGRESS PASSES LAWS! NOT THE PRESIDENT! So write to your local congressman and ask him / her to please allow drilling to increase supply and decrease our dependency on foriegn oil. And while you're at it, ask Nancy Pelosi why she keeps blocking a vote in the House Of Representatives on off shore drilling.
isn't funny how a ex oil man is pres and vice pres used to be the ceo of haliburton,the price of oil jumps from 26$ to 140$ a barrel
i'm not a conspiracy theorist,just saying if colonel sanders was president and the price of KFC tripled i'd be suspicious
You know what? Bush and Cheney are not the problem but they could be the solution..... After all don't we help provide food to the Middle East. We could simply cut off that food supply...oh but wait....the liberals would never stand for it so I guess we can't.
Brilliance the two men were required by law to divest themselves. You should take a closer look at your Liberal Buddies like John Kerry who has investments in Exxon and BP.
You need to explain how two men can control the price of oil. Please tell us just how this happens. You seem to think you know. Lets hear it.
they did their job...got oil up there to $147 a barrel....it seems that a foreign policy that tilts toward war and not having talks tends to raise the price
The price of oil sky rocketed in the last two years. The same time both houses of Congress were controlled by the Democrats. See any correlation there Sparky?
They have not made a mess of oil prices. The oil companies are doing fabulously well. Wasn't that the plan.
American oil men are making oil~lot of Money with the high price per Barrel sold by OPEC then inflated by speculators.... cant you see the beauty of it all
Why are gas prices increasing when oil prices are declining?
Because the greedy oil companies KNOW that people WILL pay for it...
As long as we remain slaves to Gas Guzzlers - they'll have us by the short %26amp; curlies ;);)Why are gas prices increasing when oil prices are declining?
Fist I will cover the lies.
1. Prices will go back soon. All credible experts project oil below $30 a barrel by March.
2. Refining costs are high. Why have they gone up? Oil is turned it to gas by fractional distillation muh like booz and is dirt cheap.
3. It is cause we are running out of global oil supply. We are findong undiscovered oil every day, and a geological has shown that the Gulf of Mexico makes oil faster then we can pump it.
4.It is mom %26amp; popp. Do you know any poor people who can afford to build a gas station? Gas stations are owned by oil companies.
The answer is that their oil future Ponzi house of cards fell on them and now they have a big VISA bill to pay. The congress should take over the oil industry and through those crooks in jail.Why are gas prices increasing when oil prices are declining?
Really know the answer.... My parents own a store ...
Ok.. really the gas price is down.. but owner now have a chance to get a profit off gas... so instead of charging a 5cents a gallon above the actual price of gas.. now they are chargin 25 cents ... its the owners of the stores now..
As long as we remain slaves to Gas Guzzlers - they'll have us by the short %26amp; curlies ;);)Why are gas prices increasing when oil prices are declining?
Fist I will cover the lies.
1. Prices will go back soon. All credible experts project oil below $30 a barrel by March.
2. Refining costs are high. Why have they gone up? Oil is turned it to gas by fractional distillation muh like booz and is dirt cheap.
3. It is cause we are running out of global oil supply. We are findong undiscovered oil every day, and a geological has shown that the Gulf of Mexico makes oil faster then we can pump it.
4.It is mom %26amp; popp. Do you know any poor people who can afford to build a gas station? Gas stations are owned by oil companies.
The answer is that their oil future Ponzi house of cards fell on them and now they have a big VISA bill to pay. The congress should take over the oil industry and through those crooks in jail.Why are gas prices increasing when oil prices are declining?
Really know the answer.... My parents own a store ...
Ok.. really the gas price is down.. but owner now have a chance to get a profit off gas... so instead of charging a 5cents a gallon above the actual price of gas.. now they are chargin 25 cents ... its the owners of the stores now..
If we stopped importing oil and used our oil reserve for one month,the price would drop.?
My dear friend, oil prices will never go down ever, we are paying the price, and the oil Co. knows we will pay if it even goes higher. Thank the rich for buying Hummers and the gas burners, they have the money, who cares about the common person, so what if they cant pay for it , they II work for a dollar an hour to eat. Think about it. GOD Bless you.If we stopped importing oil and used our oil reserve for one month,the price would drop.?
It upsets me, because I know we have have plenty of oil of our own right here in the US, why pay them and cost us for what we already have.
There are people contacting me and many others, now to lease mineral rights to drill and they are all over Oklahoma and other places. It is stupid of them
and they just want to stay on a good side with those people.====If we stopped importing oil and used our oil reserve for one month,the price would drop.?
NOPE.
the price is indexed to demand.
get ready for 200$ barrel oil and 7-9$ gallon gas in USA.
the us gov in its delusion has no control of prices.
we tried that in the 70's we had 2 hour long line for gas on every other day and black market gasoline.
wait until India and China step up to 'our lifestyle' we'll be sweating in summer and cold in winter in our houses.
It upsets me, because I know we have have plenty of oil of our own right here in the US, why pay them and cost us for what we already have.
There are people contacting me and many others, now to lease mineral rights to drill and they are all over Oklahoma and other places. It is stupid of them
and they just want to stay on a good side with those people.====If we stopped importing oil and used our oil reserve for one month,the price would drop.?
NOPE.
the price is indexed to demand.
get ready for 200$ barrel oil and 7-9$ gallon gas in USA.
the us gov in its delusion has no control of prices.
we tried that in the 70's we had 2 hour long line for gas on every other day and black market gasoline.
wait until India and China step up to 'our lifestyle' we'll be sweating in summer and cold in winter in our houses.
Could palm oil prices roses once more?
could it roses once more?Could palm oil prices roses once more?
i think any kind of oil will rise againrecipes cream
i think any kind of oil will rise again
Will world oil prices rise above expectations again by the end of 2006, like they did in May 06?
watch prices start to increase shortly after
mid-term elections, just in time for high
winter fuel costs %26amp; holiday travellingWill world oil prices rise above expectations again by the end of 2006, like they did in May 06?
No one knows for sure whether oil prices will rise again. But we do know that currently, worldwide Demand is still strong due to strong growth in economies like China and India. On the other hand, Supply cannot respond quickly to increased demand, due to physical constraints. No new oil wells to increase production, no new refineries to process the oil. SO, if Demand remains constant and there is a cut in Supply such as by OPEC , or poltical worries, oil prices will rise again.Will world oil prices rise above expectations again by the end of 2006, like they did in May 06?
Its difficult to say. Geopolitical stability in places like N Korea and Nigeria, as well as global supply and demand fundamentals (like OPEC cutting/maintaining production), will play a role in price development.
mid-term elections, just in time for high
winter fuel costs %26amp; holiday travellingWill world oil prices rise above expectations again by the end of 2006, like they did in May 06?
No one knows for sure whether oil prices will rise again. But we do know that currently, worldwide Demand is still strong due to strong growth in economies like China and India. On the other hand, Supply cannot respond quickly to increased demand, due to physical constraints. No new oil wells to increase production, no new refineries to process the oil. SO, if Demand remains constant and there is a cut in Supply such as by OPEC , or poltical worries, oil prices will rise again.Will world oil prices rise above expectations again by the end of 2006, like they did in May 06?
Its difficult to say. Geopolitical stability in places like N Korea and Nigeria, as well as global supply and demand fundamentals (like OPEC cutting/maintaining production), will play a role in price development.
Is gasoline gas price commodity speculation and fuel oil speculation more responsible for prices than oil ?
As I understand it, crude oil is refined into gasoline and heating oil and other materials for manufacturing.....I think....even plastic.
There are crack spreads that represent the amount of oil to make one gallon of gasoline. As I understand it, you can make 10 gallons of gasoline from one gallon of oil. Correct me if I am wrong.
So, if the bid Nymex price of oil is $135/40gal barrel of oil, and you can get 400 gallons of gas from one barrel of oil, why isn't the price of gasoline $135/400 or 33 cents a gallon.....plus 40 to 60 cents tax each gallon? Why are we paying $4.00 per gallon for gasoline and heating oil?
My math may be faulty, but this is how I understand it. Please feel free to correct me.
As I see it, not only is crude oil being bid up, but also gasoline and fuel oil, because if it was just crude oil, the refining cost should bring that down for gasoline!????Is gasoline gas price commodity speculation and fuel oil speculation more responsible for prices than oil ?
Yes. Thank you for a very good question and rational exposition.
Commodities speculation in general isolates prices from true free market supply-and-demand mechanics. It is nothing more than gambling, highly subject to insider fixing, and should be outlawed.
If you're justifiably angry about this you can easily write to your representative and demand an immediate investigation into and outlawing of this practice. It's really easy, you can do it right now over the internet:
https://forms.house.gov/wyr/welcome.shtm鈥?/a>Is gasoline gas price commodity speculation and fuel oil speculation more responsible for prices than oil ?
I believe you are correct. I think the President has nothing to do with the price. I have heard people blam, prior and present Presidents for the economy. They will say if they do not like the current President, ';He is getting the benifit of the last ones work! and if they do like the current one they say, ';See he did this!';
Truth be known I really think what you are saying is the reason!
Good post.
Sounds a lot like the price of housing a couple of years ago.And of course the Internet stocks a bunch of years ago.It is coming close to the end though,when the price goes up daily , no matter what happens,it is becoming irrational.A pipeline carrying 70,000 barrels a day is stopped and the price goes up $3.00 a barrel.It's just a matter of time and the price will fall and the drop will be rapid.
I think you may have meant 10 gallons of gasoline for one barrel of oil. Speculation is only partially to blame. Another reason is the increase in the money supply. More dollars chasing the same amount of oil makes the money worth less. The third reason is the increase in demand from India and China.
The cost of gas is making everyone open their eyes and really evaluate crude oil and domestic gas prices.
Correct! Speculation is the chief price-raiser in today's economy.
Your observations are astute. Now how do you expect the rich to make a profit??
Yes.
Crude oil should and could be $10 a barrel. In fact Iran has threatened to flood the market with such oil and sell it in euros. Destroying our dollar.
If we go to war with Iran this will be the reason why.
When are we the people going to take back our country? This congress and this president is doing NOTHING to come up with an energy policy! Prices will continue to rise unless we find new sources and unless we build new refineries! The world is only going to need more oil. Conservation by us, at a huge cost, will never keep pace with oil consumption by the chinese and indians.
Can we say enough is enough and speak up already!
WRITE YOUR REPRESENTATIVE AND TELL THEM YOU ARE FED UP!!!!!!!!!!!!!!!!!!!!!!!!!
There are crack spreads that represent the amount of oil to make one gallon of gasoline. As I understand it, you can make 10 gallons of gasoline from one gallon of oil. Correct me if I am wrong.
So, if the bid Nymex price of oil is $135/40gal barrel of oil, and you can get 400 gallons of gas from one barrel of oil, why isn't the price of gasoline $135/400 or 33 cents a gallon.....plus 40 to 60 cents tax each gallon? Why are we paying $4.00 per gallon for gasoline and heating oil?
My math may be faulty, but this is how I understand it. Please feel free to correct me.
As I see it, not only is crude oil being bid up, but also gasoline and fuel oil, because if it was just crude oil, the refining cost should bring that down for gasoline!????Is gasoline gas price commodity speculation and fuel oil speculation more responsible for prices than oil ?
Yes. Thank you for a very good question and rational exposition.
Commodities speculation in general isolates prices from true free market supply-and-demand mechanics. It is nothing more than gambling, highly subject to insider fixing, and should be outlawed.
If you're justifiably angry about this you can easily write to your representative and demand an immediate investigation into and outlawing of this practice. It's really easy, you can do it right now over the internet:
https://forms.house.gov/wyr/welcome.shtm鈥?/a>Is gasoline gas price commodity speculation and fuel oil speculation more responsible for prices than oil ?
I believe you are correct. I think the President has nothing to do with the price. I have heard people blam, prior and present Presidents for the economy. They will say if they do not like the current President, ';He is getting the benifit of the last ones work! and if they do like the current one they say, ';See he did this!';
Truth be known I really think what you are saying is the reason!
Good post.
Sounds a lot like the price of housing a couple of years ago.And of course the Internet stocks a bunch of years ago.It is coming close to the end though,when the price goes up daily , no matter what happens,it is becoming irrational.A pipeline carrying 70,000 barrels a day is stopped and the price goes up $3.00 a barrel.It's just a matter of time and the price will fall and the drop will be rapid.
I think you may have meant 10 gallons of gasoline for one barrel of oil. Speculation is only partially to blame. Another reason is the increase in the money supply. More dollars chasing the same amount of oil makes the money worth less. The third reason is the increase in demand from India and China.
The cost of gas is making everyone open their eyes and really evaluate crude oil and domestic gas prices.
Correct! Speculation is the chief price-raiser in today's economy.
Your observations are astute. Now how do you expect the rich to make a profit??
Yes.
Crude oil should and could be $10 a barrel. In fact Iran has threatened to flood the market with such oil and sell it in euros. Destroying our dollar.
If we go to war with Iran this will be the reason why.
When are we the people going to take back our country? This congress and this president is doing NOTHING to come up with an energy policy! Prices will continue to rise unless we find new sources and unless we build new refineries! The world is only going to need more oil. Conservation by us, at a huge cost, will never keep pace with oil consumption by the chinese and indians.
Can we say enough is enough and speak up already!
WRITE YOUR REPRESENTATIVE AND TELL THEM YOU ARE FED UP!!!!!!!!!!!!!!!!!!!!!!!!!
What is the price for a 1950 lionel oil derrick in original box?
You can find lionel collectables on this list. Choose the site that can best help you:
http://search.yahoo.com/search?fr=ytff1-鈥?/a>
http://search.yahoo.com/search?fr=ytff1-鈥?/a>
Price of Oil is skyrocketing. Are those green alternatives ready yet?
Gee I'm really comforted knowing the Democrats are looking out for us and we are all set for all those green alternatives to really have a positive effect on all of our lives. I'm sure $5 a gallon gas will have ABSOLUTELY NO NEGATIVE EFFECT ON OUR ALREADY BAD ECONOMY!!
The Democrats won't allow us to drill for our own oil in Anwar, and off the coasts of Florida and California. Sounds like a great plan for our destruction.Price of Oil is skyrocketing. Are those green alternatives ready yet?
When the new cap and trade goes into effect your going to see prices go off the charts for just about everything you consume. Everything in this country has to be transported which uses fuel one way or another. YOU will pay for it like you cannot imagine. Your elect bill alone will jump about 260.00 per month per meter in the usa. Your lunch of a mickey dees burger and fries could cost you 20.00 for one person. This all comes of course with ';change';Price of Oil is skyrocketing. Are those green alternatives ready yet?
hold onto your wallet -- last week's testimony in Congress makes the point that 80% of America's energy comes from fossil fuels and that isn't going to change anytime in the next 20 years plus. Thus, we either drill and mine it here, or we import it at whatever cost the market charges no matter what that cost is.
so the real choice isn't green energy vs burning oil -- the real choice is having economic growth vs feeling good about saving the planet that doesn't need saving.
=)
No, they're not ready and it will be a long time before they are. We need electricity to heat and cool our homes and liquid fuels like gasoline and diesel to run out cars and trucks. Why are we wasting natural gas and oil to fuel our electric plants? That's a total waste.
President Obama has talked about ';next generation biofuels.'; But what are they and where are they? Two scientists from MIT in Massachusetts recently said, ';We can't drill our way out of this problem and we can't invent our way out of it either.'; So what can we do and why aren't we doing it now?
Even when the country mass produces a bunch of green products. As automobiles. These same products will be expensive. Especially for common U.S citizen....... Many will stick, with the gasoline products.
If you wanna stop the gas prices from rising. Stop driving worthless miles. gasoline consumption, is all about supply and demand. A concept which many individuals, hadn't even brushed up against yet. Stop driving your H2.
Yes, public transportation is available. You could also reduce your consumption. Conservation is the first step.
Or, you could get a JOB and purchase a new Fusion Hybrid.
Gas seems cheap now compared to the ridiculous prices under our President Bush when War on Iran speculation drove oil over 150$ per barrel. I'm glad that bubble popped.
oh no five dollars a gallon!!!! (sarcasm)
forgive me i don't find this serious, but in england it's $5 for less than a gallon, and we do fine, but of course we have high MPG cars
oh right btw they aren't proper green yet, but renewable energy sources, like biomass and ethanol.
When the price of fuel went up under Bush the left wing said timt after time Bush is in the back pocket of the oil companies...... Now that it`s Obama I see he must be the same pockets Bush was in...... Wonder where the big out cry went to...... Democratic way.... Blame them but how dare you blame us for the same thing
Green alternatives will become more attractive once they are more used. Then they will become cheaper (just like how cel phones and computers became cheaper once the masses started buying them). They will become more widely used once gas prices make gas more expensive than green alternatives.
Gas went up, gas went down, gas goes up. All independently of politics.
Supply and demand, don't buy it, it will go down.
.
My oil stocks could use a boost, go for a drive
';skyrocketing';? I think not. Demand always increases in the spring as we move to the summer driving season in the US. Throttle back on the baseless hysteria.
yeah yknow i'm waiting on those green alternatives too. which, actually are going to end up costing us more than what we've been doing.
payback to oil companies.
gas was 5 dollars a gallon under bush. were not even half way there. do your homework.
well get a job and then u can afford gas...like most ppl do
The Democrats won't allow us to drill for our own oil in Anwar, and off the coasts of Florida and California. Sounds like a great plan for our destruction.Price of Oil is skyrocketing. Are those green alternatives ready yet?
When the new cap and trade goes into effect your going to see prices go off the charts for just about everything you consume. Everything in this country has to be transported which uses fuel one way or another. YOU will pay for it like you cannot imagine. Your elect bill alone will jump about 260.00 per month per meter in the usa. Your lunch of a mickey dees burger and fries could cost you 20.00 for one person. This all comes of course with ';change';Price of Oil is skyrocketing. Are those green alternatives ready yet?
hold onto your wallet -- last week's testimony in Congress makes the point that 80% of America's energy comes from fossil fuels and that isn't going to change anytime in the next 20 years plus. Thus, we either drill and mine it here, or we import it at whatever cost the market charges no matter what that cost is.
so the real choice isn't green energy vs burning oil -- the real choice is having economic growth vs feeling good about saving the planet that doesn't need saving.
=)
No, they're not ready and it will be a long time before they are. We need electricity to heat and cool our homes and liquid fuels like gasoline and diesel to run out cars and trucks. Why are we wasting natural gas and oil to fuel our electric plants? That's a total waste.
President Obama has talked about ';next generation biofuels.'; But what are they and where are they? Two scientists from MIT in Massachusetts recently said, ';We can't drill our way out of this problem and we can't invent our way out of it either.'; So what can we do and why aren't we doing it now?
Even when the country mass produces a bunch of green products. As automobiles. These same products will be expensive. Especially for common U.S citizen....... Many will stick, with the gasoline products.
If you wanna stop the gas prices from rising. Stop driving worthless miles. gasoline consumption, is all about supply and demand. A concept which many individuals, hadn't even brushed up against yet. Stop driving your H2.
Yes, public transportation is available. You could also reduce your consumption. Conservation is the first step.
Or, you could get a JOB and purchase a new Fusion Hybrid.
Gas seems cheap now compared to the ridiculous prices under our President Bush when War on Iran speculation drove oil over 150$ per barrel. I'm glad that bubble popped.
oh no five dollars a gallon!!!! (sarcasm)
forgive me i don't find this serious, but in england it's $5 for less than a gallon, and we do fine, but of course we have high MPG cars
oh right btw they aren't proper green yet, but renewable energy sources, like biomass and ethanol.
When the price of fuel went up under Bush the left wing said timt after time Bush is in the back pocket of the oil companies...... Now that it`s Obama I see he must be the same pockets Bush was in...... Wonder where the big out cry went to...... Democratic way.... Blame them but how dare you blame us for the same thing
Green alternatives will become more attractive once they are more used. Then they will become cheaper (just like how cel phones and computers became cheaper once the masses started buying them). They will become more widely used once gas prices make gas more expensive than green alternatives.
Gas went up, gas went down, gas goes up. All independently of politics.
Supply and demand, don't buy it, it will go down.
.
My oil stocks could use a boost, go for a drive
';skyrocketing';? I think not. Demand always increases in the spring as we move to the summer driving season in the US. Throttle back on the baseless hysteria.
yeah yknow i'm waiting on those green alternatives too. which, actually are going to end up costing us more than what we've been doing.
payback to oil companies.
gas was 5 dollars a gallon under bush. were not even half way there. do your homework.
well get a job and then u can afford gas...like most ppl do
Now the price of oil has fallen by 25%, why have UK petrol prices fallen by just 5%?
I am not an economist, and I only got an O level in maths, but since petrol prices inflated by 30% over the last nine months due to the price of a barrel of crude (That went up to $135 a barrel), why is it that now the price of crude has fallen by about 25%, that the petrol prices in the UK have fallen by little more than 5%? I mean, surely if the price goes UP with crude, surely it must come DOWN buy a similar amount? Or am I just an old cynic who believes that the fuel companies are just creaming the vast majority oif us and there is absolutely sod all we can do about it?Now the price of oil has fallen by 25%, why have UK petrol prices fallen by just 5%?
Cos the garage forecourts are thieving b*stards
They know we get ';used'; to paying a certain price then they reduce by the odd penny or so, and rip us off.Now the price of oil has fallen by 25%, why have UK petrol prices fallen by just 5%?
Within the last few weeks (since the Russian/Georgian War) the value of the dollar relative to many world currencies has increased. Because the dollar has increased in value relative to the British Pound and because crude oil is priced in dollars the fall in the price of petrol, or gasoline as we call it, will be less pronounced in merry old England.
We have some what of a deal with are oil supplier so that is why are oil and gas have be cheaper than, most nations in Europe.
Partly because the fall in oil price is in US dollars and the UK pound is losing value against the US dollar. But mostly because the supplying and distributing companies wish to maintain ever increasing profits.
Strange that ! You've got to understand that in the UK that the largest component of the price is tax - that doesn't vary when the oil price drops.
I think the dollar has strengthened relative to the pound recently which may account for part of it. The old cynic part of you is probably right to a degree as well.
Cos the garage forecourts are thieving b*stards
They know we get ';used'; to paying a certain price then they reduce by the odd penny or so, and rip us off.Now the price of oil has fallen by 25%, why have UK petrol prices fallen by just 5%?
Within the last few weeks (since the Russian/Georgian War) the value of the dollar relative to many world currencies has increased. Because the dollar has increased in value relative to the British Pound and because crude oil is priced in dollars the fall in the price of petrol, or gasoline as we call it, will be less pronounced in merry old England.
We have some what of a deal with are oil supplier so that is why are oil and gas have be cheaper than, most nations in Europe.
Partly because the fall in oil price is in US dollars and the UK pound is losing value against the US dollar. But mostly because the supplying and distributing companies wish to maintain ever increasing profits.
Strange that ! You've got to understand that in the UK that the largest component of the price is tax - that doesn't vary when the oil price drops.
I think the dollar has strengthened relative to the pound recently which may account for part of it. The old cynic part of you is probably right to a degree as well.
Labour's Answer To The Fuel Price Crisis Is ';increasing the global supply of oil';...how?
Both Hazel Blears last night and Harriet Harman this morning both said the key to sorting out the fuel price fiasco is ';increasing the global supply of oil';. Can anyone tell me exactly how they are proposing to achieve that? Should Labour ministers be making their way to Wickes to buy a new shovel and a hard hat?Labour's Answer To The Fuel Price Crisis Is ';increasing the global supply of oil';...how?
Hazel Blears....my pet hate...i would like to see them using a shovel and hard hat if only to plant a tree instead of talking out of their ar se. The British public have to listen to the same old rhetoric day in day out. As someone in the audience said last night....Boris might be a bit of a ' Toff ' but a least he gives a straight answer to a straight question.Labour's Answer To The Fuel Price Crisis Is ';increasing the global supply of oil';...how?
Oil , like everything else, is priced according to supply and demand. The supply is diminishing, demand in growing. OPEC control the quantity of oil, so your government is correct to say the answer is to increase the global supply.
The government can only try to convince OPEC to change their policy, but if they do it just means the world will run out of oil quicker than planned. The government could decrease the level of tax charged on oil, but I doubt they really could do much else.
We need to find another source, and before you say bio fuels is the answer, you need to see that the recent increases in food prices is linked to the amount of land being used to grow bio fuels.
Quite right.This is just another slogan.It is at best an aspiration.More likely they hope that enough people will fall for it. As Hazel and Harriet know or certainly should know there is nothing this Government can do to increase global oil supplies.I did hear one Labour spokesman say that this 'policy' would involve disbanding OPEC but that is even more Mickey Mouse than the original soundbite.
I've always said New Labour couldn't run the proverbial p!ss up in the brewery - and this ';fuel crisis'; proves it.
On the one hand you've got Labour blaming the price rises on a ';global shortage'; whilst OPEC keep saying there's more than enough oil to satisfy demand.
Then you've got Brown imploring OPEC to ';turn on the taps'; whilst 60% of the oil arriving on our shores from the North Sea is being exported.
If they stopped the oil companies exporting the bloody stuff we wouldn't have a problem in this country. We must be the only oil producing nation on the planet with a ';fuel crisis'; at home. What a fecking joke!!!
Today's price for a gallon of petrol in Saudi - 74p. In Qatar - 64p. In the UK - 拢4.90
Castrate all the heads of OPEC.... that would be a start, they are purposely holding up production to see the west squirm, and ultimately experience economic collapse..... Then castrate all those fanatic environmentalist liberals who block oil drilling in areas known to contain vast quantities of oil.
Wake up...it's simple...
Maybe they can pressure the Liberals in the US Congress to allow for drilling in the Gulf of Mexico and Anwar region of Alaska. BP did an independent survey a few years ago and said that the Gulf could have greater oil reserves than all of Saudi Arabia.
You're absolutely right.
The fuel price crisis has its own internal mechanisms, but the only long-term solution to this is to stop using so much oil, stop using so much energy, and be more responsible about what we consume.
The Arabs are sick and fed up of this lack lustre government 'living off their backs' pushing up the price of oil by increased taxation!
Invading Iran or other such hair brained scheme...
Please do expect any sense from this cluelesss government...
By raising taxes no doubt.
They do it all the time and that is why prices go down....
These silly women talk garbage most of the time, and this was yet another example.
OPEC have already stated that they are dismayed by the price of oil per barrel, which independent financial experts have estimated as being worth $65, when the current price is $135: double the real value.
We keep on hearing about ';shortages of oil'; and ';increased demand'; from China, India and elsewhere, but this is not about to happen overnight. Like all shortages, there is fear of shortage and actual shortage, and at the current moment there is no shortage of supply: hence the true estimated value of oil being $65 per barrel.
A more pressing problem is that of oil-stability, and with problems in Iraq, as well as Nigerians blowing-up pipelines, there are potential and actual instabilities on the supply side of things. However, taking oil as a world-trade commodity, it matters nothing whether Iran only sells oil to China, and will not supply western countries, because it merely takes pressure off the global market by reducing China's dependence on other world-oil resources.
There are, of course, vast reserves of oil and gas in Russia, and only this week, the Americans have started to develop a large new oilfield beneath the sea in the Gulf of Mexico. There are also vast reserves of oil in the Kurdish region of Iraq, which remain largely untapped. That said, oil is a fairly finite resource, but alternatives may be developed which reduce dependency on what oil remains.
Taking a slightly more sophistcated view, the problem may well have nothing to do with supply and demand, but in the climate of fear being generated by investors and speculators, and backed by an immense amount of money. With vast amounts of money, the big investment people know how to buck the market and create ';bubbles,'; all of which are usually built on foundations of straw. Once a situation is created whereby the price of something starts to escalate disproportionally, you can be sure that a ';bull market'; is in operation; resulting in a ';run'; on that particular commodity.
That ';bull market'; rush is self fulfilling and self-sustaining, as people see prices being driven up and up, with no apparent ceiling. The usual trick is to invest in ';futures'; whereby the price is fixed at an agreed rate at a specific point in the future, and of course, when something is increasing in price exponentially, then buying ';futures'; becomes an attractive proposition.
So the big institutions offer a seemingly reasonable deal, by staking the price of the particular ';bubble'; commodity, and then getting the big consumers to agree to a financial commitment. The institutions can then guarantee a fixed-rate, and apparently shield the end-consumer from apparently never-ending price-hikes.
The whole thing is actually a con-trick, because eventually, the ';bubble'; bursts and the price crashes to realistic levels; thus leaving the end-consumers saddled with major debt to the big investment corporations and other speculators.
People never seem to learn form history. The ';bubbles'; have include the infamous South Sea bubble, the .Com bubble, the housing bubble, the food commodity bubble, the credit bubble and now the oil bubble. These bubbles, happening one after the other over a relatively short period of time, could be enough to destroy the world economy, and could even bring down some of the biggest institutions. It is a situation which could, quite easily, lead to another world-war.
Meanwhile, politicians ring their hands (or sit on them), and completely miss the point. The simple fact is, the financial institutions are actually more powerful than individual governments, and unless that situation is put to rights, we will all be victim to their machinations and double-dealing.
The problem will never be solved until the people responsible are properly identified and brought to heel, but then, some of us already have a very good idea of who they are!recipes cream
Hazel Blears....my pet hate...i would like to see them using a shovel and hard hat if only to plant a tree instead of talking out of their ar se. The British public have to listen to the same old rhetoric day in day out. As someone in the audience said last night....Boris might be a bit of a ' Toff ' but a least he gives a straight answer to a straight question.Labour's Answer To The Fuel Price Crisis Is ';increasing the global supply of oil';...how?
Oil , like everything else, is priced according to supply and demand. The supply is diminishing, demand in growing. OPEC control the quantity of oil, so your government is correct to say the answer is to increase the global supply.
The government can only try to convince OPEC to change their policy, but if they do it just means the world will run out of oil quicker than planned. The government could decrease the level of tax charged on oil, but I doubt they really could do much else.
We need to find another source, and before you say bio fuels is the answer, you need to see that the recent increases in food prices is linked to the amount of land being used to grow bio fuels.
Quite right.This is just another slogan.It is at best an aspiration.More likely they hope that enough people will fall for it. As Hazel and Harriet know or certainly should know there is nothing this Government can do to increase global oil supplies.I did hear one Labour spokesman say that this 'policy' would involve disbanding OPEC but that is even more Mickey Mouse than the original soundbite.
I've always said New Labour couldn't run the proverbial p!ss up in the brewery - and this ';fuel crisis'; proves it.
On the one hand you've got Labour blaming the price rises on a ';global shortage'; whilst OPEC keep saying there's more than enough oil to satisfy demand.
Then you've got Brown imploring OPEC to ';turn on the taps'; whilst 60% of the oil arriving on our shores from the North Sea is being exported.
If they stopped the oil companies exporting the bloody stuff we wouldn't have a problem in this country. We must be the only oil producing nation on the planet with a ';fuel crisis'; at home. What a fecking joke!!!
Today's price for a gallon of petrol in Saudi - 74p. In Qatar - 64p. In the UK - 拢4.90
Castrate all the heads of OPEC.... that would be a start, they are purposely holding up production to see the west squirm, and ultimately experience economic collapse..... Then castrate all those fanatic environmentalist liberals who block oil drilling in areas known to contain vast quantities of oil.
Wake up...it's simple...
Maybe they can pressure the Liberals in the US Congress to allow for drilling in the Gulf of Mexico and Anwar region of Alaska. BP did an independent survey a few years ago and said that the Gulf could have greater oil reserves than all of Saudi Arabia.
You're absolutely right.
The fuel price crisis has its own internal mechanisms, but the only long-term solution to this is to stop using so much oil, stop using so much energy, and be more responsible about what we consume.
The Arabs are sick and fed up of this lack lustre government 'living off their backs' pushing up the price of oil by increased taxation!
Invading Iran or other such hair brained scheme...
Please do expect any sense from this cluelesss government...
By raising taxes no doubt.
They do it all the time and that is why prices go down....
These silly women talk garbage most of the time, and this was yet another example.
OPEC have already stated that they are dismayed by the price of oil per barrel, which independent financial experts have estimated as being worth $65, when the current price is $135: double the real value.
We keep on hearing about ';shortages of oil'; and ';increased demand'; from China, India and elsewhere, but this is not about to happen overnight. Like all shortages, there is fear of shortage and actual shortage, and at the current moment there is no shortage of supply: hence the true estimated value of oil being $65 per barrel.
A more pressing problem is that of oil-stability, and with problems in Iraq, as well as Nigerians blowing-up pipelines, there are potential and actual instabilities on the supply side of things. However, taking oil as a world-trade commodity, it matters nothing whether Iran only sells oil to China, and will not supply western countries, because it merely takes pressure off the global market by reducing China's dependence on other world-oil resources.
There are, of course, vast reserves of oil and gas in Russia, and only this week, the Americans have started to develop a large new oilfield beneath the sea in the Gulf of Mexico. There are also vast reserves of oil in the Kurdish region of Iraq, which remain largely untapped. That said, oil is a fairly finite resource, but alternatives may be developed which reduce dependency on what oil remains.
Taking a slightly more sophistcated view, the problem may well have nothing to do with supply and demand, but in the climate of fear being generated by investors and speculators, and backed by an immense amount of money. With vast amounts of money, the big investment people know how to buck the market and create ';bubbles,'; all of which are usually built on foundations of straw. Once a situation is created whereby the price of something starts to escalate disproportionally, you can be sure that a ';bull market'; is in operation; resulting in a ';run'; on that particular commodity.
That ';bull market'; rush is self fulfilling and self-sustaining, as people see prices being driven up and up, with no apparent ceiling. The usual trick is to invest in ';futures'; whereby the price is fixed at an agreed rate at a specific point in the future, and of course, when something is increasing in price exponentially, then buying ';futures'; becomes an attractive proposition.
So the big institutions offer a seemingly reasonable deal, by staking the price of the particular ';bubble'; commodity, and then getting the big consumers to agree to a financial commitment. The institutions can then guarantee a fixed-rate, and apparently shield the end-consumer from apparently never-ending price-hikes.
The whole thing is actually a con-trick, because eventually, the ';bubble'; bursts and the price crashes to realistic levels; thus leaving the end-consumers saddled with major debt to the big investment corporations and other speculators.
People never seem to learn form history. The ';bubbles'; have include the infamous South Sea bubble, the .Com bubble, the housing bubble, the food commodity bubble, the credit bubble and now the oil bubble. These bubbles, happening one after the other over a relatively short period of time, could be enough to destroy the world economy, and could even bring down some of the biggest institutions. It is a situation which could, quite easily, lead to another world-war.
Meanwhile, politicians ring their hands (or sit on them), and completely miss the point. The simple fact is, the financial institutions are actually more powerful than individual governments, and unless that situation is put to rights, we will all be victim to their machinations and double-dealing.
The problem will never be solved until the people responsible are properly identified and brought to heel, but then, some of us already have a very good idea of who they are!
Why does everyone talk so badly about oil/gas prices going down?
I'm just wandering why do the people/press talk so badly about the oil/gas prices going down? Isn't this a good thing because now that gas prices will go down the people will pay less for gas and have more money to spend on other things like clothes,toys,etc...and then our economy will go up? Just want to here your opinion thanks Why does everyone talk so badly about oil/gas prices going down?
In the short term, the drop in oil prices is good for consumers. However, this means that the development of alternative fuels becomes less economic. This means that we continue being dependent on fossil fuels to meet our energy requirements. Since their is no viable alternative to fossil fuels (because developing alternatives is expensive), it allows the few nations that produce oil to exploit this and basically charge what they feel like since the consumer has no choice, they will have to pay up for it. You can read more on my blog.Why does everyone talk so badly about oil/gas prices going down?
It is interesting that there was so much talk about how bad it was when they were going up (it seemed that the local news had stories about it virtually each day), and now we're getting the same when they're going down.
It is bad, of course, for those who have invested in oil futures, as well as in stocks of oil companies and companies in the periphery of the oil industry. It's also accompanied by other declines in commodity prices, which hurt plenty of investors at a time when the stock market isn't doing so hot.
(Of course the lower prices for commodities are better - all else being equal - for buyers of those commodities...which ultimately includes all of us).
And of course lower prices puts less economic pressure on the development of alternative fuels and more efficient practices.
But the real problem is not the lower price of oil itself, but what the price indicates. Lower use of energy (absent any gains in efficiency) is indicative of economic slowdown. So, the declining oil prices are yet another sign that the global economy is going into the tank.
~~It is because people have short term memories. They will quickly forget how adversely affected we were and how badly we are at the mercy of OPEC.
Therefore, we will quickly lose the momentum to get the ball rolling on alternative fuels. It's imperative our country gets off of oil. The sooner the better. It controls our economy and dictates our foreign policies.
People only want change when their own wallet is being hurt.~~
I like paying less for gas, but that only further delays the funding for alternative fuels, IMHO.
I feel that it would be best long term to pay a lot for gas now, jump start the research to completely eliminate the need for petroleum, and move on to a totally renewable society.
While oil prices were higher there was more of a push to renewable fuel (Solar, Wind, Nuclear). Now that prices are dropping people will be able to drive there big SUV's and Trucks again and that just drives the media nuts.
Yes, actually it went down in the nic of time for the holidays. Maybe people are afraid they will go back up?
In the short term, the drop in oil prices is good for consumers. However, this means that the development of alternative fuels becomes less economic. This means that we continue being dependent on fossil fuels to meet our energy requirements. Since their is no viable alternative to fossil fuels (because developing alternatives is expensive), it allows the few nations that produce oil to exploit this and basically charge what they feel like since the consumer has no choice, they will have to pay up for it. You can read more on my blog.Why does everyone talk so badly about oil/gas prices going down?
It is interesting that there was so much talk about how bad it was when they were going up (it seemed that the local news had stories about it virtually each day), and now we're getting the same when they're going down.
It is bad, of course, for those who have invested in oil futures, as well as in stocks of oil companies and companies in the periphery of the oil industry. It's also accompanied by other declines in commodity prices, which hurt plenty of investors at a time when the stock market isn't doing so hot.
(Of course the lower prices for commodities are better - all else being equal - for buyers of those commodities...which ultimately includes all of us).
And of course lower prices puts less economic pressure on the development of alternative fuels and more efficient practices.
But the real problem is not the lower price of oil itself, but what the price indicates. Lower use of energy (absent any gains in efficiency) is indicative of economic slowdown. So, the declining oil prices are yet another sign that the global economy is going into the tank.
~~It is because people have short term memories. They will quickly forget how adversely affected we were and how badly we are at the mercy of OPEC.
Therefore, we will quickly lose the momentum to get the ball rolling on alternative fuels. It's imperative our country gets off of oil. The sooner the better. It controls our economy and dictates our foreign policies.
People only want change when their own wallet is being hurt.~~
I like paying less for gas, but that only further delays the funding for alternative fuels, IMHO.
I feel that it would be best long term to pay a lot for gas now, jump start the research to completely eliminate the need for petroleum, and move on to a totally renewable society.
While oil prices were higher there was more of a push to renewable fuel (Solar, Wind, Nuclear). Now that prices are dropping people will be able to drive there big SUV's and Trucks again and that just drives the media nuts.
Yes, actually it went down in the nic of time for the holidays. Maybe people are afraid they will go back up?
Price of oil - Not linked to Bush?
Yesterday I asked the Bush bashers to prove to me that Bush had direct control of the price of oil. Not one answer to prove what you libs are bashing. Here is the question:
http://answers.yahoo.com/question/?qid=2鈥?/a>
Since you cannot provide me or prove to others on this web site that Bush has had a direct impact on the price of oil. Is it possible for you to quit your mindless dribble on this topic and begin a real political discussion. Or is that too difficult for you?Price of oil - Not linked to Bush?
Analysts have been predicting for a while that oil prices will reach over $100 a barrel. Analysts base their evaluations partly on global political factors.
The current political factors that are affecting the price of oil are the Bush administration鈥檚 growing pressure on Iran and the potential of a Turkish incursion into Iraq. Speculators have been heating up the market on fears of Bush鈥檚 political moves, or lack thereof.
This is nothing new. Oil prices rose in early 2003 due to fears that Bush would invade Iraq.
Also, contrary to your assertion, you actually got a few very good answers to your last question.Price of oil - Not linked to Bush?
If anything, liberals are responsible for the price of oil. They restrict building of any new refineries. And drilling for oil in and around the U.S.
Not at all Bush's fault. But in the news, everytime an arab sneezes, the price of oil goes up.
Bush is happy the prices of oil are rising.
Do your research - Where do you think papa bush got all
his money? Why do you think they live in Texas?
Isnt there oil in Texas? - wow now that would be a coincidence.
Last time I checked OPEC is more than just one family. Texas only produces a drop in the bucket compared to the world supply.
I think Bush has a vested interest in oil prices as that is his family business. He is an oil tycoon first and a leader much, much second and is obviously in favor of large business that will promote his business endeavors.
However, he doesn't have as much power as the public thinks he does and his schemes are obviously failing. Putting money first isn't the real basis of American society and Bush isn't powerful enough to make that fact change (even though he may like to.) We must give him credit for trying though.
I think Bush is a joke.
The one thing that is nice about the Bush made gas expensive argument is that when you hear it from a liberal you know that you are dealing with a mental midget. The person clearly has no understanding of the very basics of economics.
No, they will continue to blame Bush for everything. It's all they know how to say.
Bush does not have direct control over the price of oil. If he did, don't you think that he would want lower oil prices to improve his political clout?
However, Bush's (or any President's/Congress' actions) do have an indirect impact on the price of oil. The recent high prices of over $90 a barrel are partially fueled by the fear of a conflict with Iraq. Although Bush has repeated he wants a diplomatic solution, the oil markets apparently aren't buying it.
That being said, our political positions should be based on more than the cost of oil. Would you trade national security interests for oil that was $20 a barrel? Would you trade our principles (such as they are) for $20 a barrel? Would you trade the lives of servicemen for $20 a barrel?
Why? You apparently didn't read the answers provided to you. Cons live in a bubble a world seeing only what they want.
I know what you mean , I have asked people here to name one thing that Bush has done that has directly cost them more money right out of their pocket on anything ...I have not gotten one answer , Not one person can say Bush is directly responsible for costing me an extra dollar for anything .....
As far as ther Bush's Oil Company :
Arbusto Energy (arbusto means Bush in Spanish). The company fell on hard times when oil prices fell. He made several attempts to revive the business, first by changing the company's name and later by merging with other companies. In 1983, Bush鈥檚 company was rescued from failure when Spectrum 7 Energy Corporation, a small oil firm owned by William DeWitt and Mercer Reynolds, bought it. Bush became chief executive officer. Harken Energy Corporation acquired Spectrum 7 in 1986, after Spectrum had lost $400,000. In the buyout deal, Bush and his partners were given more than $2 million worth of Harken stock for the 180-well operation. Bush became a director and was hired as a ';consultant'; to Harken. He received another $600,000 of Harken stock, and has been paid between $42,000 and $120,000 a year. In 1990, Bush SOLD his remaining stock options and LEFT the OIL business.
What ?
Libs mix truth and politics,impossible.
They keep flapping their jaws without proof and complaining about everything.
But when in office they just make things worse.
Point in fact,this lib controled congress ,that can't even send a budget up to the White House.
You can't argue with a jackass (hey it's their parties symbol)!
While Shrub of course doesn't directly effect supply and demand, he IS responsible for the lunacy in Iraq which has destabilized the Middle East and spooked the oil markets - thus driving up the price.
BTW, you're incorrect that no one gave good answers to your previous question. Check out ';John Q. Public';'s answer and to a lesser extent, the answers from ';Crabby_blindguy'; and ';Holy Cow';. They all make valid points. My guess is that you're simply a blind partisan zealot who only sees your own viewpoint as valid. sad.
OPEC is a huge organization and no Bush is not directly affecting the public.
However, with the price of gas and the predicted price of heating oil this winter there are things to be done. Subsidies for lower income families so they don't get cold, public transit initiatives, and a major movement to switch our source of fuel to something greener and renewable are all efforts that could be made.
http://answers.yahoo.com/question/?qid=2鈥?/a>
Since you cannot provide me or prove to others on this web site that Bush has had a direct impact on the price of oil. Is it possible for you to quit your mindless dribble on this topic and begin a real political discussion. Or is that too difficult for you?Price of oil - Not linked to Bush?
Analysts have been predicting for a while that oil prices will reach over $100 a barrel. Analysts base their evaluations partly on global political factors.
The current political factors that are affecting the price of oil are the Bush administration鈥檚 growing pressure on Iran and the potential of a Turkish incursion into Iraq. Speculators have been heating up the market on fears of Bush鈥檚 political moves, or lack thereof.
This is nothing new. Oil prices rose in early 2003 due to fears that Bush would invade Iraq.
Also, contrary to your assertion, you actually got a few very good answers to your last question.Price of oil - Not linked to Bush?
If anything, liberals are responsible for the price of oil. They restrict building of any new refineries. And drilling for oil in and around the U.S.
Not at all Bush's fault. But in the news, everytime an arab sneezes, the price of oil goes up.
Bush is happy the prices of oil are rising.
Do your research - Where do you think papa bush got all
his money? Why do you think they live in Texas?
Isnt there oil in Texas? - wow now that would be a coincidence.
Last time I checked OPEC is more than just one family. Texas only produces a drop in the bucket compared to the world supply.
I think Bush has a vested interest in oil prices as that is his family business. He is an oil tycoon first and a leader much, much second and is obviously in favor of large business that will promote his business endeavors.
However, he doesn't have as much power as the public thinks he does and his schemes are obviously failing. Putting money first isn't the real basis of American society and Bush isn't powerful enough to make that fact change (even though he may like to.) We must give him credit for trying though.
I think Bush is a joke.
The one thing that is nice about the Bush made gas expensive argument is that when you hear it from a liberal you know that you are dealing with a mental midget. The person clearly has no understanding of the very basics of economics.
No, they will continue to blame Bush for everything. It's all they know how to say.
Bush does not have direct control over the price of oil. If he did, don't you think that he would want lower oil prices to improve his political clout?
However, Bush's (or any President's/Congress' actions) do have an indirect impact on the price of oil. The recent high prices of over $90 a barrel are partially fueled by the fear of a conflict with Iraq. Although Bush has repeated he wants a diplomatic solution, the oil markets apparently aren't buying it.
That being said, our political positions should be based on more than the cost of oil. Would you trade national security interests for oil that was $20 a barrel? Would you trade our principles (such as they are) for $20 a barrel? Would you trade the lives of servicemen for $20 a barrel?
Why? You apparently didn't read the answers provided to you. Cons live in a bubble a world seeing only what they want.
I know what you mean , I have asked people here to name one thing that Bush has done that has directly cost them more money right out of their pocket on anything ...I have not gotten one answer , Not one person can say Bush is directly responsible for costing me an extra dollar for anything .....
As far as ther Bush's Oil Company :
Arbusto Energy (arbusto means Bush in Spanish). The company fell on hard times when oil prices fell. He made several attempts to revive the business, first by changing the company's name and later by merging with other companies. In 1983, Bush鈥檚 company was rescued from failure when Spectrum 7 Energy Corporation, a small oil firm owned by William DeWitt and Mercer Reynolds, bought it. Bush became chief executive officer. Harken Energy Corporation acquired Spectrum 7 in 1986, after Spectrum had lost $400,000. In the buyout deal, Bush and his partners were given more than $2 million worth of Harken stock for the 180-well operation. Bush became a director and was hired as a ';consultant'; to Harken. He received another $600,000 of Harken stock, and has been paid between $42,000 and $120,000 a year. In 1990, Bush SOLD his remaining stock options and LEFT the OIL business.
What ?
Libs mix truth and politics,impossible.
They keep flapping their jaws without proof and complaining about everything.
But when in office they just make things worse.
Point in fact,this lib controled congress ,that can't even send a budget up to the White House.
You can't argue with a jackass (hey it's their parties symbol)!
While Shrub of course doesn't directly effect supply and demand, he IS responsible for the lunacy in Iraq which has destabilized the Middle East and spooked the oil markets - thus driving up the price.
BTW, you're incorrect that no one gave good answers to your previous question. Check out ';John Q. Public';'s answer and to a lesser extent, the answers from ';Crabby_blindguy'; and ';Holy Cow';. They all make valid points. My guess is that you're simply a blind partisan zealot who only sees your own viewpoint as valid. sad.
OPEC is a huge organization and no Bush is not directly affecting the public.
However, with the price of gas and the predicted price of heating oil this winter there are things to be done. Subsidies for lower income families so they don't get cold, public transit initiatives, and a major movement to switch our source of fuel to something greener and renewable are all efforts that could be made.
What is the latest prices of the soybean oil ?
Hi , every body . I will be garteful to any one can help to know the latest prices of the soybean oil ,or, how can i know it ? . Also , i want to know the sites which talking a bout the edible oils .
Much love and best wishes .What is the latest prices of the soybean oil ?
http://www.stopsoybeanrust.com/viewStory鈥?/a>
http://www.fas.usda.gov/oilseeds/circula鈥?/a>
Much love and best wishes .What is the latest prices of the soybean oil ?
http://www.stopsoybeanrust.com/viewStory鈥?/a>
http://www.fas.usda.gov/oilseeds/circula鈥?/a>
When was the last time oil was less then $65.00 / barrel and what was the price of a gallon of gas?
No idea but here in the wonderful Ohio area my gas is under $2 at 3 different gas stations nearby %26lt;3
I'm so happy
I'm so happy
Price of oil dropped $10 per barrel today and US investors are ';sad';???
This is messed up. Yahoo put out an article about frustrated investors who are upset the price of oil fell this week.
Sadly, this will result in cheaper prices at the gas pump.
Frustrated by this, oil shareholders are holding a hotel meeting to discuss what's going wrong and how to get the price of oil back up where it was.
Do you hope this meeting achieves results or fails miserably and gasoline price keeps falling? How sad would it be if gasoline dropped all the way to 50 cents per gallon?
Would you cry? Or Drive cross-country?Price of oil dropped $10 per barrel today and US investors are ';sad';???
Capitalism has a dark side that feed's off the same people it help's...Money is not life...choose...then do what will work for your own security. The spread of Democracy...is also the spread of capitalism...so get used to being over charged and underserved.Price of oil dropped $10 per barrel today and US investors are ';sad';???
Again, showing that they are motivated by money only. We should show them the same, and conserve.
$10 will only equal about 3 cents at the pump.
So? Peace
Of course oil investors are sad. They want money. If you owned stock and it went down wouldn't you be sad?
Spoken like a true idiot.
Don't you realize you just proved why oil will never be ';cheap'; again?
You said (half seriously) you'd drive cross country if gas were 50 cents a gallon.
Oil speculators know this is exactly what would happen if oil dropped in price. The only reason actual demand is down is people want the price to drop so they can simply go back to using too much fuel as they were before the jump in price. It'd be different if demand was down because alternatives were being used, this would create a competition with the oil industry. This is why the true demand of oil is, and always will be, high.
Here's hoping they achieve in keeping the price of oil up!
It will go back up. Buy any shares you can, make a quick profit, and hopefully that helps offset the high cost of fuel. Welcome to profit engineering.
It's not a supply issue. It's a weak dollar and speculator issue. More the weak dollar. But the MSM covers up for the Federal Reserve.
I hope the meeting fails miserably and that the greedy bastards go home crying. It's easy for them to complain, since they can afford to fill their tanks with the gas they invest in.
Sadly, this will result in cheaper prices at the gas pump.
Frustrated by this, oil shareholders are holding a hotel meeting to discuss what's going wrong and how to get the price of oil back up where it was.
Do you hope this meeting achieves results or fails miserably and gasoline price keeps falling? How sad would it be if gasoline dropped all the way to 50 cents per gallon?
Would you cry? Or Drive cross-country?Price of oil dropped $10 per barrel today and US investors are ';sad';???
Capitalism has a dark side that feed's off the same people it help's...Money is not life...choose...then do what will work for your own security. The spread of Democracy...is also the spread of capitalism...so get used to being over charged and underserved.Price of oil dropped $10 per barrel today and US investors are ';sad';???
Again, showing that they are motivated by money only. We should show them the same, and conserve.
$10 will only equal about 3 cents at the pump.
So? Peace
Of course oil investors are sad. They want money. If you owned stock and it went down wouldn't you be sad?
Spoken like a true idiot.
Don't you realize you just proved why oil will never be ';cheap'; again?
You said (half seriously) you'd drive cross country if gas were 50 cents a gallon.
Oil speculators know this is exactly what would happen if oil dropped in price. The only reason actual demand is down is people want the price to drop so they can simply go back to using too much fuel as they were before the jump in price. It'd be different if demand was down because alternatives were being used, this would create a competition with the oil industry. This is why the true demand of oil is, and always will be, high.
Here's hoping they achieve in keeping the price of oil up!
It will go back up. Buy any shares you can, make a quick profit, and hopefully that helps offset the high cost of fuel. Welcome to profit engineering.
It's not a supply issue. It's a weak dollar and speculator issue. More the weak dollar. But the MSM covers up for the Federal Reserve.
I hope the meeting fails miserably and that the greedy bastards go home crying. It's easy for them to complain, since they can afford to fill their tanks with the gas they invest in.
Subscribe to:
Posts (Atom)