I think it's greed and corruption from oil companies and oil-producing countries trying to take advantage of everybody. What do you think?Poll- What do you think is causing the record gas and oil prices?
I think we need to stop complaining and conserve. Want oil prices to fall, cut back on consumption...nsimple supply %26amp; demand.
Don't expect oil to fall that far. You have insurance in case you die? Insurance for your car, home...? Then just buy some oil ETF's. For example, if oil goes to $200, and you invest just $2k, the difference you'll profit will offset the increase in gas and food. I started doing this at Bush's inauguration because I remembered when his dad was in office... I turned $4500 into almost $30k in seven years (Gas Money) and I'm still long as long as he's president. But, I have some short term puts to insure the short-term downside.
All you have to do is travel anywhere whether it be abroad or domestic to see the increase in demand for oil. Don't get me wrong $150 oil is unsustainable. But, as the world becomes smaller and emerging markets grow, so will the demand for oil. Moreover, we in America are just spoiled and wasteful and will suffer because of it. Ever pull into a gas station in Germany? Denmark? France? Italy? Do you hear them complaining all day everyday putting it on the front page of the paper? NO. They just don't buy as much, use public transportation and conserve.
In the US, just hop on any interstate east of the Mississippi and you'll see people doing 80-90mph like it's the speed limit. Yet, they complain when they pull up to the gas pump. Want to save gas and affect demand... Slow TF down on the highway, for one. We're like little kids who want to eat everyone's ice cream and leave ours in the fridge. No, we need to drill for oil in ANWR, conserve, implement more renewable energy sources, recycle, and don't waste.Poll- What do you think is causing the record gas and oil prices?
Greed definitely. In a recent meeting with the oil companies our Congress learned that the oil companys' profits have never been higher and that the CEOs make somewhere around 12.5 million dollars a year.
Unfortunately however our government will never step in to help because the oil companies are some of the politicians' biggest campaign supporters.
so you think that the oil companies should cut their profits in half.
would you be willing to work for half as much?
or is that different?
and you think that Saudi Arabia, which has practically nothing to offer the world except oil should increase it's production and cut it's profits.
would you be willing to cut the pay of all of your relatives in half?
or is that different too?
keep in mind, i'd be real happy if gas was $1 a gallon.
and milk was $.25 a quart.
and bread was $.15 a loaf.
and my mortgage payment was $400.
but i'm sure not willing to give away 1/2 my savings.
what i find dismaying is that this country will not elect a politician that does not promise a tax cut.
even if that tax cut has to be financed by deficits.
which is stealing from our children.
if you have to complain, how 'bout complaining about our stealing from our children and grandchildren.
it doesn't get any uglier than that.
I agree 100%. The traders are running up the prices, the Oil producing countries are putting it to us, the oil companies are getting rich, and the environmentalists are making drilling for oil nearly impossible.
us being so dependent on foreign countries gas which we are at war with. But if a democrat becomes president ppl are saying that gas will double (so $7-8 a gallon) =O
War !
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