Great news about the war...
Great trend downward in crude oil prices...
Scary news about Obama, Black Liberation Theology, tax %26amp; spend craziness...
Does all of this add up to good news for John S. McCain?Positive war news, drop in crude oil prices, shady DNC past...is this all good news for McCain?
I think so for sure....go McCain.Positive war news, drop in crude oil prices, shady DNC past...is this all good news for McCain?
The positive war news is an asset to Obama, because it means people who are wary of his inexperience in foreign policy and the military don't have to worry about the war.
The drop in crude oil prices is temporary, and mind you they're still higher than they've ever been in recent years.
Meanwhile, the only thing that's ';shady'; about the current government is the Bush administration being run as a puppet regime by the neo-con administration that desires nothing but war and blood. McCain's constant swooning for a chance to fight Iran is going to hurt him, no doubt about it.
All signs point to good news for Barack H. Obama, my friend.
Since two out of three of your examples aren't new news, not any real effect there for McCain. McCain's strengths have been built over 26 years of service in the Senate with an exemplory record of bipartisanship. That's what is going to win him this election. Staying the course for over two decades, he's paid his dues. You go, John.
No.
It is astounding how the media has under-reported the success of the surge both in stabilizing the security situation in Iraq and buying the government enough breathing room to be able to get itself somewhat organized. Just as strikingly, it seems bound and determined to report economic misery...which always exists somewhere...rather than the overall economic picture which is that of a slowing, but still very active economy.
WTF?
'Scary news about Obama, Black Liberation Theology, tax %26amp; spend craziness...'
Fox News has you quaking in your underwear, hasn't it?
You can come out from under the bed, it's all nonsense, okay?
Obama will try to figure out how to take credit for all of it. Just watch.
You bet, but of course, will the ';news'; say that?????
Absolutely................NOT!
Looks like Obama will be yours and mine next President.
We'll find out no later than election day.
Certainly couldn't hurt. we could use a shot in the arm right
now.
No....
It really does NOT matter how you spin it John McCain is NOT going to be our next President.
Friday, December 18, 2009
Is there enough oil in Alaska to significantly bring down the price of oil?
If yes, why aren't we drilling already? I'm sure the Alaskan people don't mind as their state will be swimming in money and jobs... and the caribou don't know the difference between an oil rig and a tree so I don't see how they are even part of the discussion.Is there enough oil in Alaska to significantly bring down the price of oil?
Yes there is. And if we add that to the oil off the coast of California and in the Gulf of Mexico that the environmental wackos are blocking us from drilling for, we could stop buying oil from the middle east completely.
By the way, there are no trees in the part of Alaska in question. Just flat open waste land above the tree line. It is not the pristine pretty place we are led to believe. That is propaganda. Look it up.Is there enough oil in Alaska to significantly bring down the price of oil?
http://www.msnbc.msn.com/id/4542853/
No, there is not enough oil. Report Abuse
No there isn't. As for the Caribou they are a significant part of the ecology and the disruption would affect Canada far more than a state of the United States. Global warming is already claiming the Polar Bears, the Walrus, and the Narwhals.
It would be nice to be able to keep the Caribou and the Elk from any more harm as well.
We need better resources for our transportation and heat, not more oil.
No. And there are other considerations besides gluttony to consider when destroying the environment is involved.
Your ignorance is astonishing. The citizens of Alaska already get oil money. As for your comment about the caribou not knowing the difference between an oil rig and a tree.... well, go educate yourself.
No. By the time we got everything ';in place'; -the cost of gas would already be 6 or $7. a gallon, %26amp; the new Alaskan Oil might drop the price a Nickel or so... We have GOT TO slow Our Consumption of Oil... -or we're going to ';drive Ourselves'; to Bankruptcy... :(
No. Plenty of people warned us this day was coming, but Americans ignored it and bought gas guzzling SUVs. We have no one to blame but ourselves.
Yes there is. And if we add that to the oil off the coast of California and in the Gulf of Mexico that the environmental wackos are blocking us from drilling for, we could stop buying oil from the middle east completely.
By the way, there are no trees in the part of Alaska in question. Just flat open waste land above the tree line. It is not the pristine pretty place we are led to believe. That is propaganda. Look it up.Is there enough oil in Alaska to significantly bring down the price of oil?
http://www.msnbc.msn.com/id/4542853/
No, there is not enough oil. Report Abuse
No there isn't. As for the Caribou they are a significant part of the ecology and the disruption would affect Canada far more than a state of the United States. Global warming is already claiming the Polar Bears, the Walrus, and the Narwhals.
It would be nice to be able to keep the Caribou and the Elk from any more harm as well.
We need better resources for our transportation and heat, not more oil.
No. And there are other considerations besides gluttony to consider when destroying the environment is involved.
Your ignorance is astonishing. The citizens of Alaska already get oil money. As for your comment about the caribou not knowing the difference between an oil rig and a tree.... well, go educate yourself.
No. By the time we got everything ';in place'; -the cost of gas would already be 6 or $7. a gallon, %26amp; the new Alaskan Oil might drop the price a Nickel or so... We have GOT TO slow Our Consumption of Oil... -or we're going to ';drive Ourselves'; to Bankruptcy... :(
No. Plenty of people warned us this day was coming, but Americans ignored it and bought gas guzzling SUVs. We have no one to blame but ourselves.
Do you think the US and Israel might be threatening attacks on Iran to drive up oil prices?
It is obvious.
What baffles me is how little so many have learned from the last propaganda campaign.Do you think the US and Israel might be threatening attacks on Iran to drive up oil prices?
No, oil and gasoline prices have spiked since last Fall because Bernanke has cut the Federal Funds Rate.
Too much credit fuels bubbles in credit-driven markets. We've seen this with natural gas, housing, metals, and oil, just in the last five or six years.
The Fed doesn't view asset inflation as inflation - it views CPI as inflation. Thus as long as CPI was under 3%, it didn't think there was a problem.
You could argue that Bush and Congress forced the Fed's hand by spending too much, since the Fed is really giving them cover with its low rates - but it's not the Fed's job to enable the President and Congress to spend like drunken sailors.Do you think the US and Israel might be threatening attacks on Iran to drive up oil prices?
It does our nations or the world any good to drive up oil Prices. Only certain Nations, environmentalist and other special interest benefit from this. North Korea already has nuclear capabilities and Iran is working towards them. They both are a greater threat than any of the super powers ever where on unleashing nuclear war upon the earth recklessly.
Well from the answers in my last question yes it is probably part of the plan and I believe there is some kind of a sick GOVERNMENT CONSPIRACY between Israel%26amp;America%26lt;politicians%26gt; f.p
no...I know that some people hate our president and think some pretty bad things about him but what since would it make for him to cripple and destroy or economy...if he did that all the money some people keep saying he is making off
this war would be worthless...the American dollar is not worth much these days and president Bush has a lot of dollars...don't you think he would be trying to fix our economy to raise the value of the dollar if he were as greedy as people say...
always nosnod
No. Israel certainly would not need our help to invade Iran, they have enough nuclear power to wipe out all of the middle east.
The sabre rattling concerning Iran has been going on for awhile now - way before gas prices started to go up.
I think it's tough talk because they know our Military is severely over-extended. Whistling in the dark.
That makes as much sense as your avatar.
None at all.
Why would the US ruin it's own economy?...
not.....iran is asking for it kid..
What baffles me is how little so many have learned from the last propaganda campaign.Do you think the US and Israel might be threatening attacks on Iran to drive up oil prices?
No, oil and gasoline prices have spiked since last Fall because Bernanke has cut the Federal Funds Rate.
Too much credit fuels bubbles in credit-driven markets. We've seen this with natural gas, housing, metals, and oil, just in the last five or six years.
The Fed doesn't view asset inflation as inflation - it views CPI as inflation. Thus as long as CPI was under 3%, it didn't think there was a problem.
You could argue that Bush and Congress forced the Fed's hand by spending too much, since the Fed is really giving them cover with its low rates - but it's not the Fed's job to enable the President and Congress to spend like drunken sailors.Do you think the US and Israel might be threatening attacks on Iran to drive up oil prices?
It does our nations or the world any good to drive up oil Prices. Only certain Nations, environmentalist and other special interest benefit from this. North Korea already has nuclear capabilities and Iran is working towards them. They both are a greater threat than any of the super powers ever where on unleashing nuclear war upon the earth recklessly.
Well from the answers in my last question yes it is probably part of the plan and I believe there is some kind of a sick GOVERNMENT CONSPIRACY between Israel%26amp;America%26lt;politicians%26gt; f.p
no...I know that some people hate our president and think some pretty bad things about him but what since would it make for him to cripple and destroy or economy...if he did that all the money some people keep saying he is making off
this war would be worthless...the American dollar is not worth much these days and president Bush has a lot of dollars...don't you think he would be trying to fix our economy to raise the value of the dollar if he were as greedy as people say...
always nosnod
No. Israel certainly would not need our help to invade Iran, they have enough nuclear power to wipe out all of the middle east.
The sabre rattling concerning Iran has been going on for awhile now - way before gas prices started to go up.
I think it's tough talk because they know our Military is severely over-extended. Whistling in the dark.
That makes as much sense as your avatar.
None at all.
Why would the US ruin it's own economy?...
not.....iran is asking for it kid..
In which website I can find online oil and gas prices?
Online oil and gas prices of different markets as Brent, NewYork, Dubai, and so...
Where can I find these information together in the single website?In which website I can find online oil and gas prices?
Hello Hesam,
Well you are certainly asking a timely question given the rapid rise in this market. May I suggest the two major exchanges in NY %26amp; London for you.
BTW I expect Light crude to hit $75-85 within the next 60 days, weather, Iran, Nigeria or Venezuela, the Prince of Dubai spraining his ankle(the market will find something), followed by a slight dip, then on it's way to $100.
Be careful though, that oil market is very slippery.In which website I can find online oil and gas prices?
Try this website. I have it bookmarked on my PC! -
http://autos.msn.com/everyday/gasstation鈥?/a>
Where can I find these information together in the single website?In which website I can find online oil and gas prices?
Hello Hesam,
Well you are certainly asking a timely question given the rapid rise in this market. May I suggest the two major exchanges in NY %26amp; London for you.
BTW I expect Light crude to hit $75-85 within the next 60 days, weather, Iran, Nigeria or Venezuela, the Prince of Dubai spraining his ankle(the market will find something), followed by a slight dip, then on it's way to $100.
Be careful though, that oil market is very slippery.In which website I can find online oil and gas prices?
Try this website. I have it bookmarked on my PC! -
http://autos.msn.com/everyday/gasstation鈥?/a>
If the price of OIL spikes to Two Hundred dollars a barrel ( it's currently at around $116)....?
WIll you all start Walking? Or will you catch the bus.
I Plan on Walking.If the price of OIL spikes to Two Hundred dollars a barrel ( it's currently at around $116)....?
Gas Prices are up to 4 bucks.. I'm thinking about getting a bike. Or even a hybrid Vehicle.If the price of OIL spikes to Two Hundred dollars a barrel ( it's currently at around $116)....?
interesting question for RHH but its nice to see no fuel for argument in your question--NO pun intended.
Anywhoo...I have already minimized my driving and consolidated my tasks so i can stay off the road. Unfortunately, I WORK in New Jersey which is the US capital of Suburban sprawl. Rather than design their cities properly so businesses are closer by, they decide to make these huge corporate campuses in the middle of bumblefuck NJ. Public transporation is a disgrace in Jersey as well, so I'm pretty stuck for now.
i car pool to work if i can....... and the gov't misapportiating our funds.... what do you think of course they are they have been since the begining of time and always will be ...... and they prob are lying bout gas prices too... cuz if we get used to payin 4.00 a gallon soon it will be normal and we wont complain then they can work of upin it to 6.00 a gallon......
My dad has a gas station. It will be slightly cheaper for us then the average consumer.
How stereotypical, a heavily accented Indian with a gas station...
well.. i'll continue to use subways and public transportation.. shiit.. gas is ALREADY too damn expensive... driving will be a luxury soon
Going by bus is ok.. walking is also good if the distance is walkable. that way you save the gas
and get excercise too.
savithri
walking will probably be more reliable, since the bus may not come for a long time--especially if it runs on gas...
It's not an issue if your runnin' E85 ethenol
Don't blame the government blame hip hop. Gangsta rap clearly caused that.
I will minimize my driving extremely!
i will be out of a job, Airline business
bike
I Plan on Walking.If the price of OIL spikes to Two Hundred dollars a barrel ( it's currently at around $116)....?
Gas Prices are up to 4 bucks.. I'm thinking about getting a bike. Or even a hybrid Vehicle.If the price of OIL spikes to Two Hundred dollars a barrel ( it's currently at around $116)....?
interesting question for RHH but its nice to see no fuel for argument in your question--NO pun intended.
Anywhoo...I have already minimized my driving and consolidated my tasks so i can stay off the road. Unfortunately, I WORK in New Jersey which is the US capital of Suburban sprawl. Rather than design their cities properly so businesses are closer by, they decide to make these huge corporate campuses in the middle of bumblefuck NJ. Public transporation is a disgrace in Jersey as well, so I'm pretty stuck for now.
i car pool to work if i can....... and the gov't misapportiating our funds.... what do you think of course they are they have been since the begining of time and always will be ...... and they prob are lying bout gas prices too... cuz if we get used to payin 4.00 a gallon soon it will be normal and we wont complain then they can work of upin it to 6.00 a gallon......
My dad has a gas station. It will be slightly cheaper for us then the average consumer.
How stereotypical, a heavily accented Indian with a gas station...
well.. i'll continue to use subways and public transportation.. shiit.. gas is ALREADY too damn expensive... driving will be a luxury soon
Going by bus is ok.. walking is also good if the distance is walkable. that way you save the gas
and get excercise too.
savithri
walking will probably be more reliable, since the bus may not come for a long time--especially if it runs on gas...
It's not an issue if your runnin' E85 ethenol
Don't blame the government blame hip hop. Gangsta rap clearly caused that.
I will minimize my driving extremely!
i will be out of a job, Airline business
bike
If the price of oil quadrupled but as a result terrorist no longer considered us their enemy...worth it?
The reason I ask is that our interest in the middle eastern peace seems directed at stabilizing the cost of oil due to our massive dependency on it in the US.
If middle eastern nations want to go to war with each other over religion why should we be interested at all? Other than keeping the price of oil in check, what possible reason should we keep poking the hive with a stick (our constant military presence) which only seems to cause more blowback to us and wasted money than anything else over the last 40 years?
If we had nothing to do with them, and they wanted to hurt us by withholding oil, would this be a worthwhile exchange? Keep in mind, the leadership of these middle eastern nations thrives on the money we pay out for the oil, so realistically they needs the relationship as much as we do.If the price of oil quadrupled but as a result terrorist no longer considered us their enemy...worth it?
Nope, it would be devastating to our economy. The majority of our oil does not come from Islamic countries anyway.If the price of oil quadrupled but as a result terrorist no longer considered us their enemy...worth it?
nope......oil prices and terrorism have different backgrounds....one has economical reason (opec) while the other has an ideological (bin laden etc....) reason for exsistence
Yes.
Our biggest enemy is the Democrat Party.
1. They stopped our drilling in Anwr.
2. They will not allow us to drill on Oil Rich Government Land.
3. They will not allow us to drill on many Off Shore Areas.
4. They will not allow more Oil Refineries built.
5. They will not allow Nuclear Power Plants built.
Thanks, Democrats, for voting for HIGH GAS PRICES.
(I'm hoping that at least some Democrats work and have to pay high gasolene prices, too. I hope some Democrats work for a living.)colorsilk revlon
If middle eastern nations want to go to war with each other over religion why should we be interested at all? Other than keeping the price of oil in check, what possible reason should we keep poking the hive with a stick (our constant military presence) which only seems to cause more blowback to us and wasted money than anything else over the last 40 years?
If we had nothing to do with them, and they wanted to hurt us by withholding oil, would this be a worthwhile exchange? Keep in mind, the leadership of these middle eastern nations thrives on the money we pay out for the oil, so realistically they needs the relationship as much as we do.If the price of oil quadrupled but as a result terrorist no longer considered us their enemy...worth it?
Nope, it would be devastating to our economy. The majority of our oil does not come from Islamic countries anyway.If the price of oil quadrupled but as a result terrorist no longer considered us their enemy...worth it?
nope......oil prices and terrorism have different backgrounds....one has economical reason (opec) while the other has an ideological (bin laden etc....) reason for exsistence
Yes.
Our biggest enemy is the Democrat Party.
1. They stopped our drilling in Anwr.
2. They will not allow us to drill on Oil Rich Government Land.
3. They will not allow us to drill on many Off Shore Areas.
4. They will not allow more Oil Refineries built.
5. They will not allow Nuclear Power Plants built.
Thanks, Democrats, for voting for HIGH GAS PRICES.
(I'm hoping that at least some Democrats work and have to pay high gasolene prices, too. I hope some Democrats work for a living.)
With oil prices remaining steady, or even falling slightly, why on earth are gas prices rising?
This is ridiculous. How long are we going to put up with this crap? I, for one, am definitely going to start shopping for gas. Within a 5 mile radius of my house, there's a 10 cent range in prices. It's time we start fighting back.With oil prices remaining steady, or even falling slightly, why on earth are gas prices rising?
Winter blend is being phased out and summer blend that is 40-50 cents per gallon more is being phased in.
Sorry if you feel it's garbage; but it's been widly reported at 40-50cents per gallon; and in a free market economy, that is passed on to the consumer.
Weather is warming up and demand is rising.With oil prices remaining steady, or even falling slightly, why on earth are gas prices rising?
No matter what anyone has said it all boils down to greed.
SImple answer.. Greed!! The oil companys know that the Democrats are whimps, So we all have to suffer.
Well, if what I heard on the newsradio station is correct, apparently they've had a rash of breakdowns at several refineries, thus slowing down production. At least that's the story and they're sticking to it!
Be glad you don't live out here in Cook County, IL. If gas weren't expensive enough, the county throws all of these additional taxes on it. I just paid $2.52/gallon yesterday-what a rip off!
Wouldn't you think with the price of gas being so high that people would start dumping their gas guzzlers and buy something more efficient? America loves their big cars, no matter what the cost, financially or environmentally.
Winter blend is being phased out and summer blend that is 40-50 cents per gallon more is being phased in.
Sorry if you feel it's garbage; but it's been widly reported at 40-50cents per gallon; and in a free market economy, that is passed on to the consumer.
Weather is warming up and demand is rising.With oil prices remaining steady, or even falling slightly, why on earth are gas prices rising?
No matter what anyone has said it all boils down to greed.
SImple answer.. Greed!! The oil companys know that the Democrats are whimps, So we all have to suffer.
Well, if what I heard on the newsradio station is correct, apparently they've had a rash of breakdowns at several refineries, thus slowing down production. At least that's the story and they're sticking to it!
Be glad you don't live out here in Cook County, IL. If gas weren't expensive enough, the county throws all of these additional taxes on it. I just paid $2.52/gallon yesterday-what a rip off!
Wouldn't you think with the price of gas being so high that people would start dumping their gas guzzlers and buy something more efficient? America loves their big cars, no matter what the cost, financially or environmentally.
OK, since the price of oil is set by speculation and oil futures (not supply and demand), why should we drill?
I don't think drilling will solve anything except put off the need to develop alternative forms of energy and deepen our dependence on foreign oil.OK, since the price of oil is set by speculation and oil futures (not supply and demand), why should we drill?
see, i don't think we should! if we drill ,we get more oil, more oil means more burning it, and its not good for the ozone, AND its costing more and more! but, if we try to make some thing that's better for the ozone(like we are trying to right now,) it's going to cost more to make it and the prices of it will be higher then the gas prices so what IS the point of that? we shouldn't drill. if you think differently, that's fine.OK, since the price of oil is set by speculation and oil futures (not supply and demand), why should we drill?
I've been asking questions about oil here in Yahoo ans. Add to that ';the price is oil is set by the world market';
So even if we drill for more oil here the price is going to be the same. And think about this, a barrel of oil from alaska costs the same as a barrel of oil from the mideast.
Sorry, you got it all wrong. The price of oil is indeed set by supply and demand. We need to drill more to make supply readily available to drive the price of oil down. It's called Economics 101.
It has been hiking by inflation lately. Time to get the economy running properly.
see, i don't think we should! if we drill ,we get more oil, more oil means more burning it, and its not good for the ozone, AND its costing more and more! but, if we try to make some thing that's better for the ozone(like we are trying to right now,) it's going to cost more to make it and the prices of it will be higher then the gas prices so what IS the point of that? we shouldn't drill. if you think differently, that's fine.OK, since the price of oil is set by speculation and oil futures (not supply and demand), why should we drill?
I've been asking questions about oil here in Yahoo ans. Add to that ';the price is oil is set by the world market';
So even if we drill for more oil here the price is going to be the same. And think about this, a barrel of oil from alaska costs the same as a barrel of oil from the mideast.
Sorry, you got it all wrong. The price of oil is indeed set by supply and demand. We need to drill more to make supply readily available to drive the price of oil down. It's called Economics 101.
It has been hiking by inflation lately. Time to get the economy running properly.
What was the average price per barrel of domestic light crude oil in 2/2006?
Search Financial Times or its website. Search for commodity prices in business news paper or websites.
Price of oil when Bush took office - $30 a barrel.?
Is there any stronger indictment of this administration than simply the fact that they could do nothing while oil quadrupled in price? It is currently $130 a barrel.
Has demand quadrupled? No!
Meanwhile, the oil companies are posting historic profits (Exxon $30 billion last year, for example) and Bush is still extending them tax breaks!
What a sick joke on us all.Price of oil when Bush took office - $30 a barrel.?
Bill Clinton vetoed a bill to drill in anwar. There is more oil there than there is in Saudi Arabia and we can't touch it.
By the way oil demand has nearly quadrupled in the last eight years, it is not only our demand you have to look at but the world demand.Price of oil when Bush took office - $30 a barrel.?
Oil is a commodity, traded on the open market, Thus many things factor in to how much a gallon of gas costs. The weakened dollar, the fact no new refineries have been built, the lack of drilling all have minor influences on why it is so expensive.
The real thing that drive price is perception, if the commodity buying public thinks their will be a shortage, the price will go up, ir they think there will be a glut, it will go down.
So when a news story talks about how a refinery has had to shut down, this fuels speculation, when the Saudis say they will not increased output, this fuels demand, when China and India come out of the dark ages and decide to start buying this fuels demand.
But when all is said and done, outside of the middle east and Venezuela, we still have the lowest fuel prices in the world. England is paying $9.00 a gallon, Franc $10.00 a gallon. This is taking into account the conversion from imperial gallons. So we pay less then half of what they are paying.
And now the Democratic congress pushed forward the use of Ethanol without fully understanding its effect on the rest of the economy.
So go ahead blame Bush, after all he is the president, but Blame Clinton and Blame the Democrats and Blame the Republicans, for each has done their own bit to make sure we have stayed dependent on Oil.
We need real Oil alternatives, we need Solar, wind and above all else we need Nuclear. These things could go miles reducing our dependencies and releasing the strangle hold oil has on us.
Also remember this, Oil supply is finite, every expert agrees on this point. There is disagreement on how much more there is but they do know it is not infinite. ANWR has maybe enough oil to last 5 years, it is not the solution to our woes.
That's like asking why was oil $2 a barrel in the 1800's and $30 while Clinton ???
Tell me why in Europe the gallon of gas is $9 ???????
Is that Bush's fault also ????????????
The oil crisis is a world problem and not an American Problem or Bush's fault !
We either start Drilling
or take over an oil producing nation
or pay $$$$ for the oil
or start inventing technologies that don't need oil
It's great, isn't it? Bush likes to blame us, and our ';addiction'; to oil.
Fact is, other countries have figured out alternative ways to fuel their vehicles and heat their houses. Why are we so far behind?
The average citizen - the ones he accuses of having the ';addiction'; - has NO control over research into alternative fuel sources, but Congress and the President sure DO have some control over funding it.
So why haven't they?
The price of oil was $60.00 a barrel in early 2007. When the democratic controlled congress took over. Up until that time the rise was only double, in 7 years, now it has doubled in one year thanks to this congress. Kind of makes you think doesn't it.
http://en.wikipedia.org/wiki/Oil_price_i鈥?/a>
Get it straight, bush does not control the price of oil. If you want to see what drives the price increases look at speculators in the market. Plus high demand from other Countries. Bush tried to pass a comprehensive energy plan in 2002. Shot down by Liberal fear mongering. From what I see the price of gas didn't start climbing until the Democrats took control of congress. Something you chose to ignore in your tirade.
well we moved all manufacturing to other countries so they can make more profit .for them to make our goods they need oil to run their buildings and run utilities .so thay pay any thing to keep their factories going because of profit margins .so they buy oil and in the price they make the world's goods .check the price of some of the Middle East gas prices .don't matter where,the price about the same to produce gasoline from oil .
You want to blame Bush. Which party blocked the drilling for new oil and the building of more refineries in the United States.
http://www.fredericksburg.com/News/FLS/2鈥?/a>
http://gatewaypundit.blogspot.com/2006/0鈥?/a>
Now I hate to burst your Democratic bubble but these are the
facts that the Democrats don't want people to know.
And yet some here still defend him. Here are a few corrections. There is NOT more oil in ANWR than Arabia. There is about a years worth of oil. World demand does NOT shoot up in a few short years. It happens gradually over many years. And Europe is paying $9 for gas because ALL their oil is imported. They have always paid more then us. There is NO ban on new refineries and drilling. Only environmental regulations that Big Oil does not want to follow.
Worldwide demand has increased, albeit not quadrupled. Supply has falled quite sharply, due to Peak Oil. So there is an economic explanation.
Yep, Bush is all about giveaways to Big Oil...
http://www.usatoday.com/money/energy/200鈥?/a>
Price of oil when the Democrats took over congress $67 a barrell, unemployment rate 4%, stock market 1400, and your point would be?
Yes - I've asked this question also. When Clinton took office oil was $20 a barrel - and guess what it was when he left: $20 a barrel.
As much as I dislike Bush, it's really not his fault. We had gas shortages back in 1973 and 1979. Why wasn't there a sense of urgency to develop alternative and renewable fuel sources back then?
Just another ';Mission Accomplished'; for boy George.
Yes it was.
In your world the Environmentalist Lobby is completely off the hook I guess.
And there are still some out there that think he is A.O.K..
The dumbing down of America continues.
Your logic is flawed.
i know little about barrels of oil. what i do know it that gasoline is well over four dollars a gallon here (and diesel is five!). last year at this time it was three! a thirty percent jump in twelve months.
if bush has done nothing else, he has improved the family stock portfolio.
If you have paid very close attention, you will see that the price of oil increased only moderately during Bush's first term. When he was re-elected in 2004, his oil buddies knew that this would be the last oil barron in the white house and that they better get what they can get now.
Has demand quadrupled? No!
Meanwhile, the oil companies are posting historic profits (Exxon $30 billion last year, for example) and Bush is still extending them tax breaks!
What a sick joke on us all.Price of oil when Bush took office - $30 a barrel.?
Bill Clinton vetoed a bill to drill in anwar. There is more oil there than there is in Saudi Arabia and we can't touch it.
By the way oil demand has nearly quadrupled in the last eight years, it is not only our demand you have to look at but the world demand.Price of oil when Bush took office - $30 a barrel.?
Oil is a commodity, traded on the open market, Thus many things factor in to how much a gallon of gas costs. The weakened dollar, the fact no new refineries have been built, the lack of drilling all have minor influences on why it is so expensive.
The real thing that drive price is perception, if the commodity buying public thinks their will be a shortage, the price will go up, ir they think there will be a glut, it will go down.
So when a news story talks about how a refinery has had to shut down, this fuels speculation, when the Saudis say they will not increased output, this fuels demand, when China and India come out of the dark ages and decide to start buying this fuels demand.
But when all is said and done, outside of the middle east and Venezuela, we still have the lowest fuel prices in the world. England is paying $9.00 a gallon, Franc $10.00 a gallon. This is taking into account the conversion from imperial gallons. So we pay less then half of what they are paying.
And now the Democratic congress pushed forward the use of Ethanol without fully understanding its effect on the rest of the economy.
So go ahead blame Bush, after all he is the president, but Blame Clinton and Blame the Democrats and Blame the Republicans, for each has done their own bit to make sure we have stayed dependent on Oil.
We need real Oil alternatives, we need Solar, wind and above all else we need Nuclear. These things could go miles reducing our dependencies and releasing the strangle hold oil has on us.
Also remember this, Oil supply is finite, every expert agrees on this point. There is disagreement on how much more there is but they do know it is not infinite. ANWR has maybe enough oil to last 5 years, it is not the solution to our woes.
That's like asking why was oil $2 a barrel in the 1800's and $30 while Clinton ???
Tell me why in Europe the gallon of gas is $9 ???????
Is that Bush's fault also ????????????
The oil crisis is a world problem and not an American Problem or Bush's fault !
We either start Drilling
or take over an oil producing nation
or pay $$$$ for the oil
or start inventing technologies that don't need oil
It's great, isn't it? Bush likes to blame us, and our ';addiction'; to oil.
Fact is, other countries have figured out alternative ways to fuel their vehicles and heat their houses. Why are we so far behind?
The average citizen - the ones he accuses of having the ';addiction'; - has NO control over research into alternative fuel sources, but Congress and the President sure DO have some control over funding it.
So why haven't they?
The price of oil was $60.00 a barrel in early 2007. When the democratic controlled congress took over. Up until that time the rise was only double, in 7 years, now it has doubled in one year thanks to this congress. Kind of makes you think doesn't it.
http://en.wikipedia.org/wiki/Oil_price_i鈥?/a>
Get it straight, bush does not control the price of oil. If you want to see what drives the price increases look at speculators in the market. Plus high demand from other Countries. Bush tried to pass a comprehensive energy plan in 2002. Shot down by Liberal fear mongering. From what I see the price of gas didn't start climbing until the Democrats took control of congress. Something you chose to ignore in your tirade.
well we moved all manufacturing to other countries so they can make more profit .for them to make our goods they need oil to run their buildings and run utilities .so thay pay any thing to keep their factories going because of profit margins .so they buy oil and in the price they make the world's goods .check the price of some of the Middle East gas prices .don't matter where,the price about the same to produce gasoline from oil .
You want to blame Bush. Which party blocked the drilling for new oil and the building of more refineries in the United States.
http://www.fredericksburg.com/News/FLS/2鈥?/a>
http://gatewaypundit.blogspot.com/2006/0鈥?/a>
Now I hate to burst your Democratic bubble but these are the
facts that the Democrats don't want people to know.
And yet some here still defend him. Here are a few corrections. There is NOT more oil in ANWR than Arabia. There is about a years worth of oil. World demand does NOT shoot up in a few short years. It happens gradually over many years. And Europe is paying $9 for gas because ALL their oil is imported. They have always paid more then us. There is NO ban on new refineries and drilling. Only environmental regulations that Big Oil does not want to follow.
Worldwide demand has increased, albeit not quadrupled. Supply has falled quite sharply, due to Peak Oil. So there is an economic explanation.
Yep, Bush is all about giveaways to Big Oil...
http://www.usatoday.com/money/energy/200鈥?/a>
Price of oil when the Democrats took over congress $67 a barrell, unemployment rate 4%, stock market 1400, and your point would be?
Yes - I've asked this question also. When Clinton took office oil was $20 a barrel - and guess what it was when he left: $20 a barrel.
As much as I dislike Bush, it's really not his fault. We had gas shortages back in 1973 and 1979. Why wasn't there a sense of urgency to develop alternative and renewable fuel sources back then?
Just another ';Mission Accomplished'; for boy George.
Yes it was.
In your world the Environmentalist Lobby is completely off the hook I guess.
And there are still some out there that think he is A.O.K..
The dumbing down of America continues.
Your logic is flawed.
i know little about barrels of oil. what i do know it that gasoline is well over four dollars a gallon here (and diesel is five!). last year at this time it was three! a thirty percent jump in twelve months.
if bush has done nothing else, he has improved the family stock portfolio.
If you have paid very close attention, you will see that the price of oil increased only moderately during Bush's first term. When he was re-elected in 2004, his oil buddies knew that this would be the last oil barron in the white house and that they better get what they can get now.
Does any one think that the price of gas and oil coming down, has anything to do with the republican elections
Anybody think that the election coming up has anything to do with it??????Does any one think that the price of gas and oil coming down, has anything to do with the republican elections
Well what outcome do you think big oil wants;
A) Their buddies (GOP) remain in control for two more years so that environmental regulations remain lax, so that the Alaskan wilderness might finally be opened to drilling, so that the profit pipeline keeps flowing at an all time high, so that emphasis on alternate forms of energy is minimized.
or
B) The democrats gain control of the house and/ or senate making it harder to do the above.
There's your answer.Does any one think that the price of gas and oil coming down, has anything to do with the republican elections
Politicians do anything for a vote.
If that were so, then every single other nation in the world would be happy about it too. Oil prices are made on the world market. Our government has no effect either way on them.
Bush has NO relationship with the oil industry, influence over the supply pumped from Saudi Arabia, or control over how much oil is in the strategic reserve. You're just a liberal Democrat conspiracy monger.
Since Bush/Cheney took power, gas prices have more than doubled, and now you are saying they are down, even though they are at over twice as high as Clinton/Gore gas prices.
Suckers!
That's pretty hilarious. I thought Bush was an idiot, according to the other moonbat posts in this forum.
Go take a class in economics and tell the rest of us why the price is going down. Because we're educated, we'll tell you if you're right or not.
That would be a real good bet that bush called off his dogs in the oil industry. He needs all the help he can get to keep the oligarchy alive.
its definitely possible! i'm just glad gas is going down! i'm tired of paying outrageous prices like everyone else in the u.s. and i'm tired of oil companies making record profits off of the american consumers
It has EVERYTHING to do with it!!!!!!
Oh, yes, most definitely!
I mean, think about it - there can be NO other explanation, right? Am I right or am I right? OK, then!
Purely supply and demand; there's no conspiracy here.
If people are that stupid then we deserve what we get .Same as in 2004 .Stupid people once again failed to do what was best for america and elected bush again .
But better then kerry i suppose .
ITS like dumb and dumber being the choices .Till someone in america gets smart and runs for office to change the system that produced these two IDIOTS we will have more of the same .
Many people do, but traditionally the gas prices do drop after the summer driving season. It just so happens they dropped so dramatically due to the shortages not materializing. I do think the chatter about boycotts, and consumer action may have gotten the oil execs nervous. I also thing that the general population is not that duped to give the GOP that much credit for the price reduction. If it is not Bush's fault that they spiked, it is not Bush's accomplishment that they are dropping.
LOL....nice try
Yes, the evil empire has control over everything that happens in the entire world.
Watch your back!!!
Well what outcome do you think big oil wants;
A) Their buddies (GOP) remain in control for two more years so that environmental regulations remain lax, so that the Alaskan wilderness might finally be opened to drilling, so that the profit pipeline keeps flowing at an all time high, so that emphasis on alternate forms of energy is minimized.
or
B) The democrats gain control of the house and/ or senate making it harder to do the above.
There's your answer.Does any one think that the price of gas and oil coming down, has anything to do with the republican elections
Politicians do anything for a vote.
If that were so, then every single other nation in the world would be happy about it too. Oil prices are made on the world market. Our government has no effect either way on them.
Bush has NO relationship with the oil industry, influence over the supply pumped from Saudi Arabia, or control over how much oil is in the strategic reserve. You're just a liberal Democrat conspiracy monger.
Since Bush/Cheney took power, gas prices have more than doubled, and now you are saying they are down, even though they are at over twice as high as Clinton/Gore gas prices.
Suckers!
That's pretty hilarious. I thought Bush was an idiot, according to the other moonbat posts in this forum.
Go take a class in economics and tell the rest of us why the price is going down. Because we're educated, we'll tell you if you're right or not.
That would be a real good bet that bush called off his dogs in the oil industry. He needs all the help he can get to keep the oligarchy alive.
its definitely possible! i'm just glad gas is going down! i'm tired of paying outrageous prices like everyone else in the u.s. and i'm tired of oil companies making record profits off of the american consumers
It has EVERYTHING to do with it!!!!!!
Oh, yes, most definitely!
I mean, think about it - there can be NO other explanation, right? Am I right or am I right? OK, then!
Purely supply and demand; there's no conspiracy here.
If people are that stupid then we deserve what we get .Same as in 2004 .Stupid people once again failed to do what was best for america and elected bush again .
But better then kerry i suppose .
ITS like dumb and dumber being the choices .Till someone in america gets smart and runs for office to change the system that produced these two IDIOTS we will have more of the same .
Many people do, but traditionally the gas prices do drop after the summer driving season. It just so happens they dropped so dramatically due to the shortages not materializing. I do think the chatter about boycotts, and consumer action may have gotten the oil execs nervous. I also thing that the general population is not that duped to give the GOP that much credit for the price reduction. If it is not Bush's fault that they spiked, it is not Bush's accomplishment that they are dropping.
LOL....nice try
Yes, the evil empire has control over everything that happens in the entire world.
Watch your back!!!
Price of oil?
Could someone please explain to me the logic of the media and (mostly liberal) politicians saying increased drilling will not affect the price of oil?
Oil like all commodities is based on supply and demand. We have high prices right now because of:
-Hurricane Katrina wrecking refineries
-Hugo Chavez and Venezuela
-Problems in Nigeria
-Fewer refineries built
-Middle East instablity
If we drill, that would lower the price with more supply, right?
If we have more suppliers and more operational wells, that would lower the price by adding more sources of trade?
Am I missing something here?Price of oil?
There is no logic on the Democratic side of the aisle.
The Dems were trying to pass a bill that would block a 4.1 Billion dollar arms sale to the Saudi's unless they pumped an additonal 1 mil barrels per day. They said it would lower the price by up to 17%
Those SAME democrats said that an additional 1 mil barrels per day of OUR oil would only lower gas by ';a penny';
So which is it? Only dems pick and choose when the law of supply/demand applies.
http://www.washingtonpost.com/wp-dyn/con鈥?/a>
It's not speculation
http://biz.yahoo.com/hftn/080627/062708_鈥?/a>
And the Dems lie about the current leases
http://energytomorrow.org/energy/Facts_a鈥?/a>
US Oil production is at it's lowest since the 1940's
http://tonto.eia.doe.gov/dnav/pet/hist/m鈥?/a>
Over 1000 wells were damaged / destroyed in Katrina/Ruth
Not ONE DROP LEAKED.
Don't buy this ';ruin the environment'; crap.
Enough is Enough.
Sign this
http://www.americansolutions.com/
I'm tired of getting oil from unstable countries.
We have enough to eliminate the need for middle eastern imports
200 billion barrels in the midwest
http://www.nextenergynews.com/news1/next鈥?/a>
15-30 Billion in ANWR
';As domestic oil production continued its decline, the U.S. imported 58% of its petroleum needs in 2004. These oil imports cost more than $150 billion and robbed tens of thousands of steady, high-paying jobs from American workers.
More than 20,000 foreign supertankers (most single-hulled) offloaded oil at east, west and gulf coast refineries last year; they carry from 700,000 to 1.2 million barrels a day from Iraq alone. Foreign oil is produced and shipped under less strict environmental standards than domestic oil. Alaska's oil fields are the cleanest in the world, second to none.
Through shortsighted actions, Congress and federal agencies have banned oil activity from more than 300 million acres of federal land onshore and more than 460 million acres offshore in the past 20 years. An estimated 67% of oil reserves and 40% of natural gas reserves are on federal lands in America's western states.
http://www.anwr.org/Price of oil?
yes you are missing something, by the way I am a conservative, so I am not hyping a liberal agenda. Here is your answer more oil does not necessarley translate to lower prices, why? because the refiners put out the end product, if refineries are limited for whatever reason, hurricains, wars, demand, etc, you can add all the oil you want and prices will not improve, as a matter of fact oil production has increased since the 70's but so has the global demand net effect prices are still riseing and this is takeing refineries out of the equasation, in addition to that it is estimated that if America taped every available oil source it would only impact global demand by 20%, and global demand will keep increasing anyway. For the long term alternate energy sources are needed or we will always be subject to an economy that can change for the worse at anytime because of oil.
In 1979, oil worker strikes in Iran caused another rise as the markets panicked, afraid that a repeat of 1973 would occur. Prices eventually leveled out at $18.00 p/b after a peak of $21.00 p/b. (Bild) This was the time of the imfamous gas lines in America as gasoline prices soared. In the short term, the OPEC nations prospered, deluged with an inflow of Oil profits. Unfortunately this prosperity turned into a double edged sword as will be seen shortly.
The result of this increase in the cost of oil, was a boom in the oil exploration industry. With oil being so costly, it became economical to explore for oil again. Large new finds were made in the North Sea, Venezuela, Mexico, and Indonesia (Bild, Calvert, Howe, Hobohm, Philip, Europa Staff). This produced an oil glut of non OPEC oil that began to undermine the high OPEC costs until 1985 when a crash in oil prices dropped them from $20.00 p/b to $18.00 p/b. (Bild) This proved to be devastating to many of the oil producing countries who had large portions of their governments structured around oil money. (Venezuela is perfect example of this as it had a jump in unemployment to 20% and a total gutting of its social programs when its petroleum industry collapsed) (Calvert)
The next big problem in oil prices was the Iran-Iraq War. During this time both countries severely exceeded their quotas whenever possible to try to pay for their military expenditures. At the same time, they systematically warred on each others ability to export petroleum, ultimately culminating in the Tanker war of 1988. Saudi Arabia and Kuwait made up for the lost production of Iran and Iraq in order to meet orders. The prices of oil held at $14.00 p/b during this time as a result (Bild).
Finally, in 1990, Iraq invaded Kuwait after an unsuccessful attempt to have its production quota raised to make up for Kuwait, over production during the Iran-Iraq war. This proved to be a godsend for the oil countries for after highs of $40.00 p/b the price of oil stabilized at $21.00 p/b (Bild). Continues fluctuations of price occur now due to the continued menace of Iraq but generally, the priced have been maintained at the previously mentioned rate.
It should now be clear that the history of the Middle Eastern petroleum industry has controlled and has been controlled by many factors of modern world events. The OPEC nations, although currently being challenged by the independent oil nations and companies, are still a major economic power whose decisions can effect the well being of the industrialized nations of the world. ';King Oil'; remains a valid hyperbole in the language of business. Its historical political and geographical effects prove it to be a nickname of truth.
Oil is currently trading at $145.29 per barrel as you can see based on the history above witch is out dated to a degree, we will always be traped as long as we depend on foreign oil
(I can't believe I'm going to say this) In some ways they are right. More oil doesn't mean lower price, it just means more profits for the oil companies and more taxes for the government. Do you really think the oil companies will lower their price if there was more oil? I know for a fact they will not. Case in point, Exxon just got a very large appeal from having to pay for the Valdiese (sp?) oil spill in Alaska. It went from billions of dollars to millions of dollars but I haven't seen one penny come down in the price of Exxon's gas.
To the oil companies, more oil means more profit and if Obama gets his way, he's going to take those profits away thus driving up the price of gas to $10 or $15 a gallon. How do you like those prices? Personally I don't. I'm voting for McCain.
America has more oil under it's ground than in all of Saudi but there's a $50,000 tax on all new oil wells drilled (thanks to the democrats) and if that well come up with no oil, they lose that $50,000.
You are totally right about a larger supply lowering prices. It would even lower prices in the short term because people investing in the oil market are betting right now that supply will be down in the future. If the market new that this country was serious about drilling, oil would be trading at much lower prices.
The reason for liberals saying that ';we can't drill our way out of this problem'; is because they want to control how we behave. The more people get desperate and demand that congress do something, the more it empowers them. It also helps them in the upcoming elections to have the economy as bad as they can get it.
The speculators everyone is talking about is us. I mean people who have a 401k, mutual funds and pension funds.
Yes you are ! The speculators who buy oil stocks are driving the prices up too ! Supply side economics should chip away at the high prices, but as long as these greedy bastards are making theirs, they don't give a rat's behind about the rest of humanity.
There must be list's of oil speculators. These list's should be made public, and for the rest of us, speculation on the cost of tar and feather's would be a sure bet !
Yes you are missing something, and that is Israel screaming about Iran possibly having a nuclear weapon, and scrambling their planes and threatning to attack. thats why traders are running up the price, there is no shortage now but Iran say's they will cut off supplies to the west if they get attacked. So thats what it is all about, besides if we started drilling more right now it would take years to fill what we get off the world market, we could convert to electric cars faster.
The purpose of government is to control everything that is possibly possible. The oil pricing was already in the works, even before Bush became president.
Politics are for a selected few and the majority will never rule.
who makes decisions?
Who helps who?
Who cares about others?
Even religion cares only for their flock, right?
Families first then whatever happens....
Oil is the gold of the world and it will continue, technology is here to change the scope of oil, but then the gazillionaires will loose a few billions and then they will be sad, so we all must pitch in and help with their lavish lifestyles and never ending harlems... after all they too must set the example for their own children and their childrens children on how to immortalize their justified enrichment...
By the way, is there anyone who knows a good deal on a V-8 super charged for my kid to play in the dunes?
Thanks a lot......
There isn't enough oil to lower the price significantly. Also - what happens when that runs out - you have high oil prices and a ruined environment. Now is the time for renewables.
Yes, increased supply would lower the price of gas. Dick Morris wrote in his new book, Fleeced, that gas prices are high because of speculators.
http://www.americansolutions.com
http://www.dickmorris.com/blog/
I think they need to stop arguing over what might be the right way and just start doin it.I understand we have reserve oil here galore but they wont let us use that at all.It is a mess.
You are not missing anything. Oil companies have decided to defy the rules of economics.
Increased drilling will not lower the cost. It has to do with the value of the dollar that is severely weakened by the FED, they devaluated th currency, we print money without the backing of stable commodities like gold/silver, the more inflated and worthless it will become. It also becomes weaker due to the high overseas spending by Congress, we pay billions a day for the war(s), covert operations, and foreign US military bases we need to sustain, and this inflates the dollar easier, due to the tendency that is is a ';fiat currency';. If we quit paying the wars, withdrew our troops from every single continent, quit dumping the US dollar overseas, quit printing so much money from the Federal Reserve, you wold finally see the Dollar regain its status as a strong currency. Even better, listen to the Founding Fathers' advice: No central bank to take ahold of the currency/economy, only use gold %26amp; silver as legal tender. Soon, if we keep doing the same mistakes we are doing now, you will see the collapse of the Dollar, the economy, and wait in soup line. Before we entered the war with Iraq, oi was about $27 a barrel! Now, we inflated the currency, print too much, we are on the verge of bankruptcy, and we rely on China to pay, while our foreign debt grows to exceed $9 trillion. Take care.colorsilk revlon
Oil like all commodities is based on supply and demand. We have high prices right now because of:
-Hurricane Katrina wrecking refineries
-Hugo Chavez and Venezuela
-Problems in Nigeria
-Fewer refineries built
-Middle East instablity
If we drill, that would lower the price with more supply, right?
If we have more suppliers and more operational wells, that would lower the price by adding more sources of trade?
Am I missing something here?Price of oil?
There is no logic on the Democratic side of the aisle.
The Dems were trying to pass a bill that would block a 4.1 Billion dollar arms sale to the Saudi's unless they pumped an additonal 1 mil barrels per day. They said it would lower the price by up to 17%
Those SAME democrats said that an additional 1 mil barrels per day of OUR oil would only lower gas by ';a penny';
So which is it? Only dems pick and choose when the law of supply/demand applies.
http://www.washingtonpost.com/wp-dyn/con鈥?/a>
It's not speculation
http://biz.yahoo.com/hftn/080627/062708_鈥?/a>
And the Dems lie about the current leases
http://energytomorrow.org/energy/Facts_a鈥?/a>
US Oil production is at it's lowest since the 1940's
http://tonto.eia.doe.gov/dnav/pet/hist/m鈥?/a>
Over 1000 wells were damaged / destroyed in Katrina/Ruth
Not ONE DROP LEAKED.
Don't buy this ';ruin the environment'; crap.
Enough is Enough.
Sign this
http://www.americansolutions.com/
I'm tired of getting oil from unstable countries.
We have enough to eliminate the need for middle eastern imports
200 billion barrels in the midwest
http://www.nextenergynews.com/news1/next鈥?/a>
15-30 Billion in ANWR
';As domestic oil production continued its decline, the U.S. imported 58% of its petroleum needs in 2004. These oil imports cost more than $150 billion and robbed tens of thousands of steady, high-paying jobs from American workers.
More than 20,000 foreign supertankers (most single-hulled) offloaded oil at east, west and gulf coast refineries last year; they carry from 700,000 to 1.2 million barrels a day from Iraq alone. Foreign oil is produced and shipped under less strict environmental standards than domestic oil. Alaska's oil fields are the cleanest in the world, second to none.
Through shortsighted actions, Congress and federal agencies have banned oil activity from more than 300 million acres of federal land onshore and more than 460 million acres offshore in the past 20 years. An estimated 67% of oil reserves and 40% of natural gas reserves are on federal lands in America's western states.
http://www.anwr.org/Price of oil?
yes you are missing something, by the way I am a conservative, so I am not hyping a liberal agenda. Here is your answer more oil does not necessarley translate to lower prices, why? because the refiners put out the end product, if refineries are limited for whatever reason, hurricains, wars, demand, etc, you can add all the oil you want and prices will not improve, as a matter of fact oil production has increased since the 70's but so has the global demand net effect prices are still riseing and this is takeing refineries out of the equasation, in addition to that it is estimated that if America taped every available oil source it would only impact global demand by 20%, and global demand will keep increasing anyway. For the long term alternate energy sources are needed or we will always be subject to an economy that can change for the worse at anytime because of oil.
In 1979, oil worker strikes in Iran caused another rise as the markets panicked, afraid that a repeat of 1973 would occur. Prices eventually leveled out at $18.00 p/b after a peak of $21.00 p/b. (Bild) This was the time of the imfamous gas lines in America as gasoline prices soared. In the short term, the OPEC nations prospered, deluged with an inflow of Oil profits. Unfortunately this prosperity turned into a double edged sword as will be seen shortly.
The result of this increase in the cost of oil, was a boom in the oil exploration industry. With oil being so costly, it became economical to explore for oil again. Large new finds were made in the North Sea, Venezuela, Mexico, and Indonesia (Bild, Calvert, Howe, Hobohm, Philip, Europa Staff). This produced an oil glut of non OPEC oil that began to undermine the high OPEC costs until 1985 when a crash in oil prices dropped them from $20.00 p/b to $18.00 p/b. (Bild) This proved to be devastating to many of the oil producing countries who had large portions of their governments structured around oil money. (Venezuela is perfect example of this as it had a jump in unemployment to 20% and a total gutting of its social programs when its petroleum industry collapsed) (Calvert)
The next big problem in oil prices was the Iran-Iraq War. During this time both countries severely exceeded their quotas whenever possible to try to pay for their military expenditures. At the same time, they systematically warred on each others ability to export petroleum, ultimately culminating in the Tanker war of 1988. Saudi Arabia and Kuwait made up for the lost production of Iran and Iraq in order to meet orders. The prices of oil held at $14.00 p/b during this time as a result (Bild).
Finally, in 1990, Iraq invaded Kuwait after an unsuccessful attempt to have its production quota raised to make up for Kuwait, over production during the Iran-Iraq war. This proved to be a godsend for the oil countries for after highs of $40.00 p/b the price of oil stabilized at $21.00 p/b (Bild). Continues fluctuations of price occur now due to the continued menace of Iraq but generally, the priced have been maintained at the previously mentioned rate.
It should now be clear that the history of the Middle Eastern petroleum industry has controlled and has been controlled by many factors of modern world events. The OPEC nations, although currently being challenged by the independent oil nations and companies, are still a major economic power whose decisions can effect the well being of the industrialized nations of the world. ';King Oil'; remains a valid hyperbole in the language of business. Its historical political and geographical effects prove it to be a nickname of truth.
Oil is currently trading at $145.29 per barrel as you can see based on the history above witch is out dated to a degree, we will always be traped as long as we depend on foreign oil
(I can't believe I'm going to say this) In some ways they are right. More oil doesn't mean lower price, it just means more profits for the oil companies and more taxes for the government. Do you really think the oil companies will lower their price if there was more oil? I know for a fact they will not. Case in point, Exxon just got a very large appeal from having to pay for the Valdiese (sp?) oil spill in Alaska. It went from billions of dollars to millions of dollars but I haven't seen one penny come down in the price of Exxon's gas.
To the oil companies, more oil means more profit and if Obama gets his way, he's going to take those profits away thus driving up the price of gas to $10 or $15 a gallon. How do you like those prices? Personally I don't. I'm voting for McCain.
America has more oil under it's ground than in all of Saudi but there's a $50,000 tax on all new oil wells drilled (thanks to the democrats) and if that well come up with no oil, they lose that $50,000.
You are totally right about a larger supply lowering prices. It would even lower prices in the short term because people investing in the oil market are betting right now that supply will be down in the future. If the market new that this country was serious about drilling, oil would be trading at much lower prices.
The reason for liberals saying that ';we can't drill our way out of this problem'; is because they want to control how we behave. The more people get desperate and demand that congress do something, the more it empowers them. It also helps them in the upcoming elections to have the economy as bad as they can get it.
The speculators everyone is talking about is us. I mean people who have a 401k, mutual funds and pension funds.
Yes you are ! The speculators who buy oil stocks are driving the prices up too ! Supply side economics should chip away at the high prices, but as long as these greedy bastards are making theirs, they don't give a rat's behind about the rest of humanity.
There must be list's of oil speculators. These list's should be made public, and for the rest of us, speculation on the cost of tar and feather's would be a sure bet !
Yes you are missing something, and that is Israel screaming about Iran possibly having a nuclear weapon, and scrambling their planes and threatning to attack. thats why traders are running up the price, there is no shortage now but Iran say's they will cut off supplies to the west if they get attacked. So thats what it is all about, besides if we started drilling more right now it would take years to fill what we get off the world market, we could convert to electric cars faster.
The purpose of government is to control everything that is possibly possible. The oil pricing was already in the works, even before Bush became president.
Politics are for a selected few and the majority will never rule.
who makes decisions?
Who helps who?
Who cares about others?
Even religion cares only for their flock, right?
Families first then whatever happens....
Oil is the gold of the world and it will continue, technology is here to change the scope of oil, but then the gazillionaires will loose a few billions and then they will be sad, so we all must pitch in and help with their lavish lifestyles and never ending harlems... after all they too must set the example for their own children and their childrens children on how to immortalize their justified enrichment...
By the way, is there anyone who knows a good deal on a V-8 super charged for my kid to play in the dunes?
Thanks a lot......
There isn't enough oil to lower the price significantly. Also - what happens when that runs out - you have high oil prices and a ruined environment. Now is the time for renewables.
Yes, increased supply would lower the price of gas. Dick Morris wrote in his new book, Fleeced, that gas prices are high because of speculators.
http://www.americansolutions.com
http://www.dickmorris.com/blog/
I think they need to stop arguing over what might be the right way and just start doin it.I understand we have reserve oil here galore but they wont let us use that at all.It is a mess.
You are not missing anything. Oil companies have decided to defy the rules of economics.
Increased drilling will not lower the cost. It has to do with the value of the dollar that is severely weakened by the FED, they devaluated th currency, we print money without the backing of stable commodities like gold/silver, the more inflated and worthless it will become. It also becomes weaker due to the high overseas spending by Congress, we pay billions a day for the war(s), covert operations, and foreign US military bases we need to sustain, and this inflates the dollar easier, due to the tendency that is is a ';fiat currency';. If we quit paying the wars, withdrew our troops from every single continent, quit dumping the US dollar overseas, quit printing so much money from the Federal Reserve, you wold finally see the Dollar regain its status as a strong currency. Even better, listen to the Founding Fathers' advice: No central bank to take ahold of the currency/economy, only use gold %26amp; silver as legal tender. Soon, if we keep doing the same mistakes we are doing now, you will see the collapse of the Dollar, the economy, and wait in soup line. Before we entered the war with Iraq, oi was about $27 a barrel! Now, we inflated the currency, print too much, we are on the verge of bankruptcy, and we rely on China to pay, while our foreign debt grows to exceed $9 trillion. Take care.
Does any one think that the price of gas and oil coming down, has anything to do with the republican elections
Anybody think that the election coming up has anything to do with it??????Does any one think that the price of gas and oil coming down, has anything to do with the republican elections
Well what outcome do you think big oil wants;
A) Their buddies (GOP) remain in control for two more years so that environmental regulations remain lax, so that the Alaskan wilderness might finally be opened to drilling, so that the profit pipeline keeps flowing at an all time high, so that emphasis on alternate forms of energy is minimized.
or
B) The democrats gain control of the house and/ or senate making it harder to do the above.
There's your answer.Does any one think that the price of gas and oil coming down, has anything to do with the republican elections
Politicians do anything for a vote.
If that were so, then every single other nation in the world would be happy about it too. Oil prices are made on the world market. Our government has no effect either way on them.
Bush has NO relationship with the oil industry, influence over the supply pumped from Saudi Arabia, or control over how much oil is in the strategic reserve. You're just a liberal Democrat conspiracy monger.
Since Bush/Cheney took power, gas prices have more than doubled, and now you are saying they are down, even though they are at over twice as high as Clinton/Gore gas prices.
Suckers!
That's pretty hilarious. I thought Bush was an idiot, according to the other moonbat posts in this forum.
Go take a class in economics and tell the rest of us why the price is going down. Because we're educated, we'll tell you if you're right or not.
That would be a real good bet that bush called off his dogs in the oil industry. He needs all the help he can get to keep the oligarchy alive.
its definitely possible! i'm just glad gas is going down! i'm tired of paying outrageous prices like everyone else in the u.s. and i'm tired of oil companies making record profits off of the american consumers
It has EVERYTHING to do with it!!!!!!
Oh, yes, most definitely!
I mean, think about it - there can be NO other explanation, right? Am I right or am I right? OK, then!
Purely supply and demand; there's no conspiracy here.
If people are that stupid then we deserve what we get .Same as in 2004 .Stupid people once again failed to do what was best for america and elected bush again .
But better then kerry i suppose .
ITS like dumb and dumber being the choices .Till someone in america gets smart and runs for office to change the system that produced these two IDIOTS we will have more of the same .
Many people do, but traditionally the gas prices do drop after the summer driving season. It just so happens they dropped so dramatically due to the shortages not materializing. I do think the chatter about boycotts, and consumer action may have gotten the oil execs nervous. I also thing that the general population is not that duped to give the GOP that much credit for the price reduction. If it is not Bush's fault that they spiked, it is not Bush's accomplishment that they are dropping.
LOL....nice try
Yes, the evil empire has control over everything that happens in the entire world.
Watch your back!!!
Well what outcome do you think big oil wants;
A) Their buddies (GOP) remain in control for two more years so that environmental regulations remain lax, so that the Alaskan wilderness might finally be opened to drilling, so that the profit pipeline keeps flowing at an all time high, so that emphasis on alternate forms of energy is minimized.
or
B) The democrats gain control of the house and/ or senate making it harder to do the above.
There's your answer.Does any one think that the price of gas and oil coming down, has anything to do with the republican elections
Politicians do anything for a vote.
If that were so, then every single other nation in the world would be happy about it too. Oil prices are made on the world market. Our government has no effect either way on them.
Bush has NO relationship with the oil industry, influence over the supply pumped from Saudi Arabia, or control over how much oil is in the strategic reserve. You're just a liberal Democrat conspiracy monger.
Since Bush/Cheney took power, gas prices have more than doubled, and now you are saying they are down, even though they are at over twice as high as Clinton/Gore gas prices.
Suckers!
That's pretty hilarious. I thought Bush was an idiot, according to the other moonbat posts in this forum.
Go take a class in economics and tell the rest of us why the price is going down. Because we're educated, we'll tell you if you're right or not.
That would be a real good bet that bush called off his dogs in the oil industry. He needs all the help he can get to keep the oligarchy alive.
its definitely possible! i'm just glad gas is going down! i'm tired of paying outrageous prices like everyone else in the u.s. and i'm tired of oil companies making record profits off of the american consumers
It has EVERYTHING to do with it!!!!!!
Oh, yes, most definitely!
I mean, think about it - there can be NO other explanation, right? Am I right or am I right? OK, then!
Purely supply and demand; there's no conspiracy here.
If people are that stupid then we deserve what we get .Same as in 2004 .Stupid people once again failed to do what was best for america and elected bush again .
But better then kerry i suppose .
ITS like dumb and dumber being the choices .Till someone in america gets smart and runs for office to change the system that produced these two IDIOTS we will have more of the same .
Many people do, but traditionally the gas prices do drop after the summer driving season. It just so happens they dropped so dramatically due to the shortages not materializing. I do think the chatter about boycotts, and consumer action may have gotten the oil execs nervous. I also thing that the general population is not that duped to give the GOP that much credit for the price reduction. If it is not Bush's fault that they spiked, it is not Bush's accomplishment that they are dropping.
LOL....nice try
Yes, the evil empire has control over everything that happens in the entire world.
Watch your back!!!
Oil speculators will lower the price of oil?
Are any of you aware that we don't need oil from ANWR or offshore or even an increase in supply from the Saudis to drive prices down? All we need is for Congress to anounce drilling will begin to drive prices down bc speculators will know that in the future there will be more oil, which means more supply = less expensive. Then we of course drill. It's that simple. It's amazing the ignorance of people on here who think speculators directly determine the price of oil. They base their price on future available supply.Oil speculators will lower the price of oil?
Your absolutely correct, if we announced that we were drilling in ANWR and the outer Continental Shelf in the future, the price per barrel would drop 30 bucks a barrel TODAY, and by the end of the week would be below 100.00 because the future markets would be having a huge sell off.Oil speculators will lower the price of oil?
Well here's the flaw in your logic. Increased drillling in ANWR, offshore, and by Saudi Arabia (or any other OPEC nation) would also send a message to those trading commodities on the Mecantile Exchange that oil supplies will increase in the future. So, if you're right, Congress would really have to do nothing.
No, the Government has to mandate that any future oil production will be refined and STAY in the US for that to happen.
Congress doesn't have the balls to do so.
EDIT: How am I incorrect? Oil is a natural resource, as such should stay where it was found. Let the US take care of their own and STOP THIS GLOBALIZATION.
Some analysts state that greed and fear are driving the speculation on oil. Others state that if we close the Enron Loophole the price of oil will drop between 25 and 50 percent. I think we need to investigate more about what is really going on in the market before we come to definite conclusions.
Yep, Drill, Drill Now
What you state is partially factual and always ignored by the Talking Point smearers who count on the stupidity of people. Speculators are always out to make a profit and they are part of a capitalistic society. If the future market is uncertain because there may be an oversupply of oil, they will be very careful to drive the prices up. An announcement by the Government that they are finally becoming a bit concerned about our energy market can, therefore, lower the prices. But we have to do then what we advertised. We have to get to our reserves. We need oil for almost everything in our country. In parallel we should obviously plan for alternative energy sources and incentivize people and companies to conserve energy. Why does this plan not go into the heads of so many, including Obama, who just parrots what his lefty advisers are putting in his ears.
it works both ways. and speculators are driving up the price right now even though demand is down and supplies are adequate. maybe if you did some research for yourself ,you would actually know what you are talking about.
http://www.globalresearch.ca/index.php?c鈥?/a>
http://www.sunjournal.com/story/268471-3鈥?/a>
http://www.reuters.com/article/politicsN鈥?/a>
http://www.foxnews.com/story/0,2933,1660鈥?/a>
http://news.yahoo.com/s/ap/20080622/ap_o鈥?/a>
speculation only leads to HIGH prices,so read some of these so you wont look like a idiot in all your questions for a change.
KID I DO NOT NEED TO ADD ANYTHING ELSE TO REINFORCE MY POINT THAT YOU ARE A IDIOT.
keep staring in the mirror and telling yourself your right,since the person staring at you is the only one who believes you.
Your absolutely correct, if we announced that we were drilling in ANWR and the outer Continental Shelf in the future, the price per barrel would drop 30 bucks a barrel TODAY, and by the end of the week would be below 100.00 because the future markets would be having a huge sell off.Oil speculators will lower the price of oil?
Well here's the flaw in your logic. Increased drillling in ANWR, offshore, and by Saudi Arabia (or any other OPEC nation) would also send a message to those trading commodities on the Mecantile Exchange that oil supplies will increase in the future. So, if you're right, Congress would really have to do nothing.
No, the Government has to mandate that any future oil production will be refined and STAY in the US for that to happen.
Congress doesn't have the balls to do so.
EDIT: How am I incorrect? Oil is a natural resource, as such should stay where it was found. Let the US take care of their own and STOP THIS GLOBALIZATION.
Some analysts state that greed and fear are driving the speculation on oil. Others state that if we close the Enron Loophole the price of oil will drop between 25 and 50 percent. I think we need to investigate more about what is really going on in the market before we come to definite conclusions.
Yep, Drill, Drill Now
What you state is partially factual and always ignored by the Talking Point smearers who count on the stupidity of people. Speculators are always out to make a profit and they are part of a capitalistic society. If the future market is uncertain because there may be an oversupply of oil, they will be very careful to drive the prices up. An announcement by the Government that they are finally becoming a bit concerned about our energy market can, therefore, lower the prices. But we have to do then what we advertised. We have to get to our reserves. We need oil for almost everything in our country. In parallel we should obviously plan for alternative energy sources and incentivize people and companies to conserve energy. Why does this plan not go into the heads of so many, including Obama, who just parrots what his lefty advisers are putting in his ears.
it works both ways. and speculators are driving up the price right now even though demand is down and supplies are adequate. maybe if you did some research for yourself ,you would actually know what you are talking about.
http://www.globalresearch.ca/index.php?c鈥?/a>
http://www.sunjournal.com/story/268471-3鈥?/a>
http://www.reuters.com/article/politicsN鈥?/a>
http://www.foxnews.com/story/0,2933,1660鈥?/a>
http://news.yahoo.com/s/ap/20080622/ap_o鈥?/a>
speculation only leads to HIGH prices,so read some of these so you wont look like a idiot in all your questions for a change.
KID I DO NOT NEED TO ADD ANYTHING ELSE TO REINFORCE MY POINT THAT YOU ARE A IDIOT.
keep staring in the mirror and telling yourself your right,since the person staring at you is the only one who believes you.
Price of heating oil??
OMG I just got some heating oil delivered today and nearly went into shock, it was 61p per litre.
For those who have oil fired heating, what was the last price you paid?Price of heating oil??
In Jan 03 we paid 21.95p, in March 05 we paid 35.59p %26amp; end May we paid 70.35 so you did better than us we get about 1150 litres and have just got rid of some economy 7 electric heating and added to our radiators, so will be using more if we can afford to have it on, we do have open fires and are going to look into wood burning fires!Price of heating oil??
60p - two weeks ago - i thought it was bad but i feel that when it comes to the winter this year it is going to be so much worse - maybe even 拢1 - you won't feel so bad about the price then! take my advice and save it to its really cold!!
Holy smoke - that is fierce ! I was advised by a friend to get some in now for the winter as it is to go up and up ! Wish I had an open fire :(
thats terrible we will all freeze or move to a hotter climate?????????
For those who have oil fired heating, what was the last price you paid?Price of heating oil??
In Jan 03 we paid 21.95p, in March 05 we paid 35.59p %26amp; end May we paid 70.35 so you did better than us we get about 1150 litres and have just got rid of some economy 7 electric heating and added to our radiators, so will be using more if we can afford to have it on, we do have open fires and are going to look into wood burning fires!Price of heating oil??
60p - two weeks ago - i thought it was bad but i feel that when it comes to the winter this year it is going to be so much worse - maybe even 拢1 - you won't feel so bad about the price then! take my advice and save it to its really cold!!
Holy smoke - that is fierce ! I was advised by a friend to get some in now for the winter as it is to go up and up ! Wish I had an open fire :(
thats terrible we will all freeze or move to a hotter climate?????????
Price of oil?
when the dollar drops does the price in oil increase hence consumer petrol risesPrice of oil?
No, oil is denominated in dollars so oil gets cheaper for others when the dollar falls. Unless, that is, they live in countries that tax gas heavily which is pretty much every country in western Europe.Price of oil?
The person above (eg) is right. US demand for oil is keeping the price from falling. We consumed almost 3 times (20,588mb) the amount of oil as the second place country (China, 7,274mb) in 2006.
As more nations continue to industrialize demand for oil will continue to increase and prices will continue to rise.
Here in the UK it costs 拢1.2p a litre!
Of that 30p is the real cost of fuel, 6p is profit for the oil company %26amp; all the rest is taken by the government in tax %26amp; duty!
This information is from BBC news!
What a rip off!
The tax rise.
No, oil is denominated in dollars so oil gets cheaper for others when the dollar falls. Unless, that is, they live in countries that tax gas heavily which is pretty much every country in western Europe.Price of oil?
The person above (eg) is right. US demand for oil is keeping the price from falling. We consumed almost 3 times (20,588mb) the amount of oil as the second place country (China, 7,274mb) in 2006.
As more nations continue to industrialize demand for oil will continue to increase and prices will continue to rise.
Here in the UK it costs 拢1.2p a litre!
Of that 30p is the real cost of fuel, 6p is profit for the oil company %26amp; all the rest is taken by the government in tax %26amp; duty!
This information is from BBC news!
What a rip off!
The tax rise.
If opec sets oil prices at 110 a barrel does canada and mexico follow the prices and if so why?
opec oil prices tied to world wide prices?If opec sets oil prices at 110 a barrel does canada and mexico follow the prices and if so why?
The oil is pooled, the way you're question is phrased isn't the way it happens.
Although, Pemex (Mexican monopoly) has a way of doing things that can't be explained!
The oil is pooled, the way you're question is phrased isn't the way it happens.
Although, Pemex (Mexican monopoly) has a way of doing things that can't be explained!
I'm having a debate tomorrow on ';should oil prices be raised to promote Energy Independance';?
I need points asapI'm having a debate tomorrow on ';should oil prices be raised to promote Energy Independance';?
Oil is a limited commodity which will eventually run out, and so it is important to find an alternative to oil.
Think about the countries where we import oil from.
Oil as well as a large number of drivers on the road create a large carbon footprint. Higher gas prices, less drivers, less pollution.
However, oil is in everything, and rising oil prices will create a huge economic strain on the population. Until new products can be developed, raising oil prices to raise oil prices is incredibly unjust. I'm having a debate tomorrow on ';should oil prices be raised to promote Energy Independance';?
I agree with E XD
Although raising oil prices would in the short term get people looking for ways to save energy, it will soon become apparent that is down to the government and designers to create ways for us to save energy, we can do it, but only when we are showed exactly how to do it.colorsilk revlon
Oil is a limited commodity which will eventually run out, and so it is important to find an alternative to oil.
Think about the countries where we import oil from.
Oil as well as a large number of drivers on the road create a large carbon footprint. Higher gas prices, less drivers, less pollution.
However, oil is in everything, and rising oil prices will create a huge economic strain on the population. Until new products can be developed, raising oil prices to raise oil prices is incredibly unjust. I'm having a debate tomorrow on ';should oil prices be raised to promote Energy Independance';?
I agree with E XD
Although raising oil prices would in the short term get people looking for ways to save energy, it will soon become apparent that is down to the government and designers to create ways for us to save energy, we can do it, but only when we are showed exactly how to do it.
I believe the oil prices is going to go down, what do you think?
It will go down. Economic activity is way down, oil prices will followI believe the oil prices is going to go down, what do you think?
I think you are wrong.
I think you are wrong.
I'm writing a paper on oil and gas prices, who does the United States import their gas and oil from?
I've looked all over google and I cant find out who we import them from.
Thanks for your help (:
xoxoI'm writing a paper on oil and gas prices, who does the United States import their gas and oil from?
United Arab Emirates and to The Organization of the Petroleum Exporting Countries (OPEC) is a group of twelve states[1][2] made up of Iran, Iraq, Kuwait, Qatar, Saudi Arabia, the United Arab Emirates, Libya, Algeria, Nigeria, Angola, Venezuela and Ecuador.
Thanks for your help (:
xoxoI'm writing a paper on oil and gas prices, who does the United States import their gas and oil from?
United Arab Emirates and to The Organization of the Petroleum Exporting Countries (OPEC) is a group of twelve states[1][2] made up of Iran, Iraq, Kuwait, Qatar, Saudi Arabia, the United Arab Emirates, Libya, Algeria, Nigeria, Angola, Venezuela and Ecuador.
Price of oil barrel for today?
change versus last week and last monthPrice of oil barrel for today?
check out the following sites:
http://www.oilnergy.com/1onymex.htm
http://finance.yahoo.com/q/bc?s=CLU06.NYM%26amp;t=5d%26amp;l=on%26amp;z=m%26amp;q=l%26amp;c=
check out the following sites:
http://www.oilnergy.com/1onymex.htm
http://finance.yahoo.com/q/bc?s=CLU06.NYM%26amp;t=5d%26amp;l=on%26amp;z=m%26amp;q=l%26amp;c=
How has the recent economic down turn effected oil prices? 10 points best answer!?
answer this question aboveHow has the recent economic down turn effected oil prices? 10 points best answer!?
oil prices have gone up because their demand is higher and the supply is scarce due to the economy going down and more drilling for oil
oil prices have gone up because their demand is higher and the supply is scarce due to the economy going down and more drilling for oil
Have you noticed When Russia/Iran/Venezuela pick on other countries, oil prices go up?
Maybe going after Georgia,Kuwait and Colombia is part of the oil rich countries way of economic growth.
Yes, I know oil prices in the U.S. are due to the supply and demand.Have you noticed When Russia/Iran/Venezuela pick on other countries, oil prices go up?
it's absolutely fixed to turmoil in these regions. US oil prices aren't set by supply and demand, they are set by perceived supply %26amp; demand. in other words, speculators set the price of oil. so yes, when wall street gets bent out of shape over what happens in oil rich regions, the price goes up, and those countries reap the reward.Have you noticed When Russia/Iran/Venezuela pick on other countries, oil prices go up?
Venezuela hasn't picked on other countries it was the US terrorist organization the CIA that helped topple the Chavez government through additional financing and other classified information. It was the people of Venezuela that rose up to bring Chavez back to power. Would the US kindly keep their terrorists out of other countries. I understand there has been a lot of CIA activity in Georgia leading to the Georgian military bombing in Ossetia. There have also been a lot of America military advisers in Georgia now and in the times leading up to the conflict.
Yankees - stay home.
When Pappa Bush invaded Iraq the price of oil doubled.
When Baby Bush invaded Iraq the price of oil doubled and continued to rise.
If you want lower gas prices quit invading countries and learn how to negotiate. The Iraq challenge could have been negotiated without the people killing embargo and the war. Our insertion into Afghanistan should have been only what it was meant to be - a search for Al Quaida. We had no right to topple the government of Afghanistan causing another murderous war.
Yes, I know oil prices in the U.S. are due to the supply and demand.Have you noticed When Russia/Iran/Venezuela pick on other countries, oil prices go up?
it's absolutely fixed to turmoil in these regions. US oil prices aren't set by supply and demand, they are set by perceived supply %26amp; demand. in other words, speculators set the price of oil. so yes, when wall street gets bent out of shape over what happens in oil rich regions, the price goes up, and those countries reap the reward.Have you noticed When Russia/Iran/Venezuela pick on other countries, oil prices go up?
Venezuela hasn't picked on other countries it was the US terrorist organization the CIA that helped topple the Chavez government through additional financing and other classified information. It was the people of Venezuela that rose up to bring Chavez back to power. Would the US kindly keep their terrorists out of other countries. I understand there has been a lot of CIA activity in Georgia leading to the Georgian military bombing in Ossetia. There have also been a lot of America military advisers in Georgia now and in the times leading up to the conflict.
Yankees - stay home.
When Pappa Bush invaded Iraq the price of oil doubled.
When Baby Bush invaded Iraq the price of oil doubled and continued to rise.
If you want lower gas prices quit invading countries and learn how to negotiate. The Iraq challenge could have been negotiated without the people killing embargo and the war. Our insertion into Afghanistan should have been only what it was meant to be - a search for Al Quaida. We had no right to topple the government of Afghanistan causing another murderous war.
What can the American people do to make oil companies lower gas prices?
It's just sickening what the oil companies and the US Govt are doing to this country. What can we do to stop this?
Real ideas please!What can the American people do to make oil companies lower gas prices?
stop buying gas...shoot a few of the exec....don't elect a pres. that's owned by the oil companies....What can the American people do to make oil companies lower gas prices?
Allow them to build more refineries. Allow them to tap unexplored sources. The government is the ones holding this up. Congress that is. oh and the feds are taking in about .30 per gal while the oil companies are only getting about .08 per gal. Let lay the blame where it should be.
Of course war with another country, especially an oil country doesn't help matters. But Americans can do a lot. Stop buying so much gas. Only go places that are absolutely necessary, car pool, take a bus, walk or ride a bike if it's feasible in a particular situation. Buy vehicles that are more energy efficient and demand that auto makers produce them. Can you imagine what it would do to the oil companies if America would just get rid of all of it's SUVs?
Don't vote people into Presidency that were previously employed by or have ties to Big Oil.
Drive better fuel efficient vehicles. Less demand = lower prices.
Bush is a Lame Duck. There was no reason to invade and occupy Iraq. But our need for oil was apparent. And as we all know now, or at least it has become public, Bush had intentions of invading Iraq when he came into office.
But things didn't go as planned. There were no ';flowers'; or 'singsongs'; about freedom and liberty. We went in with a heavy hand and we have killed unmercifully for five years and counting.
What do we do?
We speak our minds although it will do little good at this juncture.
and so we are very very careful the next time around. We elect someone we can trust, if that is at all possible. We can even demand the use of paper ballots. We cannot trust voting machines anymore no matter WHAT we are told.
We hope and pray for a president who, amongst other positives, at least has diplomatic skills and and is world traveled.
More than anything we hope and pray that the carnage and destruction in Iraq comes to an end. Until then, we will continue to suffer the consequences of high oil prices.
Even when we leave and that country takes over its own we will still suffer.
But not so much if we have a president who can smooth over past mistakes.
Law of supply and demand: if we stop buying it, the price will go down.... if we keep buying it, the price will go up because the demand is high
1) Switch to one car per family instead of 3 or 4. If there will be fewer cars...the demand for gas will drop and the prices are gonna have to be lowered.
2) Invest more in a eco-friendly cars instead of having several regular cars. This way the prices will drop and the air-polution will decrease as well.
3) Strike. Organize a national campaign and urge people to NOT gas their cars on a particular day. The ONE day many Americans will stay away from the gas stations will make a hell of a difference!
Well they can stop buying the oil that they produce or find other ways not to use cars that dont use a lot of gas. Well in the news they said because of the winter thing with Catrina they are still having trouble making the pumps work i think that's a lot of B.S they know what there doing and if the stores try to sell it cheap they can get in trouble. now that interesting.
stop driving their gas guzzlers.
The more we demand gasoline, that is, buy more of it fill our huge SUVs, the longer prices will stay where they are. Same concept as any other merchant. What does any retailer do when they have product they're having trouble selling? They put it on sale. If we collectively shrink the demand for gasoline, the market will force them to lower the price. This is a real idea. But the problem is, it's hard to get 300 million Americans on board with this plan. Until it happens, the oil companies will continue doing what they do, because they know our demand will continue to be high. I'm sure this isn't the answer anyone wants to hear, but I believe it to be true.
invest in alternative fuel, Brazil is practically independent from oil companies, if they can do it and they are not as advanced as we are, why cant we?.....thanks to all those FAT CATS in the government.
How about kicking all the illegals out of the country and we'll have several million people not buying gas so the price would go down.
Before you start griping about the price of a gallon of gas here in the states, check out this list of gas prices around the world.
WORLD GASOLINE PRICES
Gas prices on April 17 or 18. Data for EU countries were provided by the AA Motoring Trust.
Prices are listed in U.S. dollars
United Kingdom $8.37
Netherlands $7.52
Norway $7.33
Belgium $6.95
Denmark $6.95
Germany $6.72
Portugal $6.65
Finland $6.57
France $6.50
Sweden $6.50
Hungary $5.63
Poland $5.63
Slovakia $5.59
Austria $5.40
Ireland $5.40
Slovenia $5.36
Switzerland $5.17
Spain $5.14
Czech Republic $5.10
Greece $4.91
Italy $4.80
Lithuania $4.72
Latvia $4.61
Estonia $4.30
Luxembourg $4.27
Japan $4.16
United States $2.88
Kazakhstan $2.75
Russia $2.68
Mexico $2.38
China $2.19
Nigeria $1.92
Saudi Arabia $0.45
Venezuela $0.19
We don't rely on oil from the middle east, the rest of the world does. We have plenty of oil resources here in the US. That's why our gas prices stay relatively low compared to the rest of the world. The countries that pay less than us either have their own resources, or are kept artificially low by subsidies from their governments. Many of those countries are facing major financial problems because of it.
The problem is the lack of oil refineries and an increase in demand.
';The current refinery squeeze has been building for years. For the past two decades, deregulation and low profits have combined to push the industry into consolidation. Partly because of environmental regulations, it was cheaper to expand existing refineries than to build new ones. In 1981, the US had 324 refineries with a total capacity of 18.6 million barrels per day, the Department of Energy reports. Today, there are just 132 oil refineries with a capacity of 16.8 million b.p.d., according to Oil and Gas Journal, a trade publication.'; - Christian Science Monitor September 21, 2005
Our gas prices have spiked recently because refineries have been shut down for maintenance.
Ask for a percentage of the take, not only the stock holders. If the oil company was made to contribute to the betterment of all needy families and individuals, companies and other depleted areas in society, their profit margin would be much lower and someone could actually say the oil industry has been good for the people, instead of always being good for the few.I really think if the money is going to be made by these large companies, they need to start contributing back into other areas . To the holders of the great wealth, I would say ( bring it home, bring it back home and Thank You)
Prevent going into war with other countries.mask movie
Real ideas please!What can the American people do to make oil companies lower gas prices?
stop buying gas...shoot a few of the exec....don't elect a pres. that's owned by the oil companies....What can the American people do to make oil companies lower gas prices?
Allow them to build more refineries. Allow them to tap unexplored sources. The government is the ones holding this up. Congress that is. oh and the feds are taking in about .30 per gal while the oil companies are only getting about .08 per gal. Let lay the blame where it should be.
Of course war with another country, especially an oil country doesn't help matters. But Americans can do a lot. Stop buying so much gas. Only go places that are absolutely necessary, car pool, take a bus, walk or ride a bike if it's feasible in a particular situation. Buy vehicles that are more energy efficient and demand that auto makers produce them. Can you imagine what it would do to the oil companies if America would just get rid of all of it's SUVs?
Don't vote people into Presidency that were previously employed by or have ties to Big Oil.
Drive better fuel efficient vehicles. Less demand = lower prices.
Bush is a Lame Duck. There was no reason to invade and occupy Iraq. But our need for oil was apparent. And as we all know now, or at least it has become public, Bush had intentions of invading Iraq when he came into office.
But things didn't go as planned. There were no ';flowers'; or 'singsongs'; about freedom and liberty. We went in with a heavy hand and we have killed unmercifully for five years and counting.
What do we do?
We speak our minds although it will do little good at this juncture.
and so we are very very careful the next time around. We elect someone we can trust, if that is at all possible. We can even demand the use of paper ballots. We cannot trust voting machines anymore no matter WHAT we are told.
We hope and pray for a president who, amongst other positives, at least has diplomatic skills and and is world traveled.
More than anything we hope and pray that the carnage and destruction in Iraq comes to an end. Until then, we will continue to suffer the consequences of high oil prices.
Even when we leave and that country takes over its own we will still suffer.
But not so much if we have a president who can smooth over past mistakes.
Law of supply and demand: if we stop buying it, the price will go down.... if we keep buying it, the price will go up because the demand is high
1) Switch to one car per family instead of 3 or 4. If there will be fewer cars...the demand for gas will drop and the prices are gonna have to be lowered.
2) Invest more in a eco-friendly cars instead of having several regular cars. This way the prices will drop and the air-polution will decrease as well.
3) Strike. Organize a national campaign and urge people to NOT gas their cars on a particular day. The ONE day many Americans will stay away from the gas stations will make a hell of a difference!
Well they can stop buying the oil that they produce or find other ways not to use cars that dont use a lot of gas. Well in the news they said because of the winter thing with Catrina they are still having trouble making the pumps work i think that's a lot of B.S they know what there doing and if the stores try to sell it cheap they can get in trouble. now that interesting.
stop driving their gas guzzlers.
The more we demand gasoline, that is, buy more of it fill our huge SUVs, the longer prices will stay where they are. Same concept as any other merchant. What does any retailer do when they have product they're having trouble selling? They put it on sale. If we collectively shrink the demand for gasoline, the market will force them to lower the price. This is a real idea. But the problem is, it's hard to get 300 million Americans on board with this plan. Until it happens, the oil companies will continue doing what they do, because they know our demand will continue to be high. I'm sure this isn't the answer anyone wants to hear, but I believe it to be true.
invest in alternative fuel, Brazil is practically independent from oil companies, if they can do it and they are not as advanced as we are, why cant we?.....thanks to all those FAT CATS in the government.
How about kicking all the illegals out of the country and we'll have several million people not buying gas so the price would go down.
Before you start griping about the price of a gallon of gas here in the states, check out this list of gas prices around the world.
WORLD GASOLINE PRICES
Gas prices on April 17 or 18. Data for EU countries were provided by the AA Motoring Trust.
Prices are listed in U.S. dollars
United Kingdom $8.37
Netherlands $7.52
Norway $7.33
Belgium $6.95
Denmark $6.95
Germany $6.72
Portugal $6.65
Finland $6.57
France $6.50
Sweden $6.50
Hungary $5.63
Poland $5.63
Slovakia $5.59
Austria $5.40
Ireland $5.40
Slovenia $5.36
Switzerland $5.17
Spain $5.14
Czech Republic $5.10
Greece $4.91
Italy $4.80
Lithuania $4.72
Latvia $4.61
Estonia $4.30
Luxembourg $4.27
Japan $4.16
United States $2.88
Kazakhstan $2.75
Russia $2.68
Mexico $2.38
China $2.19
Nigeria $1.92
Saudi Arabia $0.45
Venezuela $0.19
We don't rely on oil from the middle east, the rest of the world does. We have plenty of oil resources here in the US. That's why our gas prices stay relatively low compared to the rest of the world. The countries that pay less than us either have their own resources, or are kept artificially low by subsidies from their governments. Many of those countries are facing major financial problems because of it.
The problem is the lack of oil refineries and an increase in demand.
';The current refinery squeeze has been building for years. For the past two decades, deregulation and low profits have combined to push the industry into consolidation. Partly because of environmental regulations, it was cheaper to expand existing refineries than to build new ones. In 1981, the US had 324 refineries with a total capacity of 18.6 million barrels per day, the Department of Energy reports. Today, there are just 132 oil refineries with a capacity of 16.8 million b.p.d., according to Oil and Gas Journal, a trade publication.'; - Christian Science Monitor September 21, 2005
Our gas prices have spiked recently because refineries have been shut down for maintenance.
Ask for a percentage of the take, not only the stock holders. If the oil company was made to contribute to the betterment of all needy families and individuals, companies and other depleted areas in society, their profit margin would be much lower and someone could actually say the oil industry has been good for the people, instead of always being good for the few.I really think if the money is going to be made by these large companies, they need to start contributing back into other areas . To the holders of the great wealth, I would say ( bring it home, bring it back home and Thank You)
Prevent going into war with other countries.
The price of oil in 1858?
Earliest year I could find was 1861 - price of crude oil was .49 a barrel (nominal) or $10.81 (2005 $ equivalent) - see the charts at the links
http://www.ctv.ca/generic/WebSpecials/oi…
http://www.forbes.com/static_html/oil/20…The price of oil in 1858?
By 1861, the count of oil wells in the area was over 400 rigs, and oil was going for the price of $10 a barrel. This year, 2008, the town of Oil Springs, Ontario celebrates the 150th anniversary of the “First Oil Well 1858”.The price of oil in 1858?
At that time there were no cars and oil was used for medicine, called Rock Oil. it sold for $40 a barrel.
http://www.ctv.ca/generic/WebSpecials/oi…
http://www.forbes.com/static_html/oil/20…The price of oil in 1858?
By 1861, the count of oil wells in the area was over 400 rigs, and oil was going for the price of $10 a barrel. This year, 2008, the town of Oil Springs, Ontario celebrates the 150th anniversary of the “First Oil Well 1858”.The price of oil in 1858?
At that time there were no cars and oil was used for medicine, called Rock Oil. it sold for $40 a barrel.
Economy slow down because of fuel/oil prices?
High oil prices cause almost everything (food, home electricity,natural gas, personal items, etc.), but especially gasoline/ diesel to go up in price, crippling budgets. Is oil prices to blame for our bad economy?Economy slow down because of fuel/oil prices?
stop watching fox and read some real news
the economy is crushing becuase of the oil prices but majorily so because of:
1. house makret crush
2. MBS %26amp; MBO crush (aka credit crisis)
Wall Street is freaking out and everyone is losing doughEconomy slow down because of fuel/oil prices?
We're all in debt, so we're not spending money ('cause we don't have any.)
That's why.
This is going to be the United States worst nightmare. Our ego has finally consumed us with the ';Paris Hilton'; wannabe's the bling bling lifestyle, credit cards galore, intrest only loans, moving credit balances for a low variable rate, paying for college on credit, and many many other dumb things we have done as private citizins. But the ones who have screwed it up the most is the CORPORATIONS. Everything needs to be cheap so we outsource the production of almost every item we use, now even customer service. We use to be an industrialized nation ,but now we are a service economy. We dont really produce anything so we dont really have assets. Like for example, when we made the cars from scratch here in the US, if something happened, you could atleast sell the steel. Well now the steel is in China and India. On top of that we want to ';SPREAD DEMOCRACY'; and we have, so now you have 1 billion people in China and another billion in India, with our jobs (no labor laws, cheap labor, no benefits, unions, safety boards, and an endless supply of workers) and guess what ??? THEY CAN NOW AFFORD CARS or motor scooters and mass transit and heating and plastic (almost everything in our homes has oil in the product and used oil to get to our homes and now thier homes). So you have the Saudis sitting there will all this oil being like, those cheap *** Americans dont want to pay for the oil like the Europeans do, so screw them. China and India have 2 billion people, are the fastest growing economies, and are about 3000 miles closer. Plus they dont stick a nuclear missle up our *** everytime they get pissed.
So they are now in the market for oil. Which trades as a commodity. Well now that the dollar has fallen to an embarrassing exchange rate of less than the Canadian dollar, our money does not go as far when we are trying to buy that oil.
The thing about the oil that outrages me the most, is the gas stations. Here in the USA. Oil prices hit record highs, coming on the boat all the way over in the Persian Gulf, and somehow that same morning, the gas in the tank below the gas station raises in price too... weird huh....
The problem started because americans start putting things like GAS on their credit cards.. and now have nothing to show for it. We all are suppose to use the credit cards when we need a little extra help. Now They Maxed! There is no extra money. Its gone. Bail out after bail out, the banks, credit companies, and so forth will be saved, the people will get screwed, and somehow a ceo will still have his new benz every year and a huge bonus. God bless them
stop watching fox and read some real news
the economy is crushing becuase of the oil prices but majorily so because of:
1. house makret crush
2. MBS %26amp; MBO crush (aka credit crisis)
Wall Street is freaking out and everyone is losing doughEconomy slow down because of fuel/oil prices?
We're all in debt, so we're not spending money ('cause we don't have any.)
That's why.
This is going to be the United States worst nightmare. Our ego has finally consumed us with the ';Paris Hilton'; wannabe's the bling bling lifestyle, credit cards galore, intrest only loans, moving credit balances for a low variable rate, paying for college on credit, and many many other dumb things we have done as private citizins. But the ones who have screwed it up the most is the CORPORATIONS. Everything needs to be cheap so we outsource the production of almost every item we use, now even customer service. We use to be an industrialized nation ,but now we are a service economy. We dont really produce anything so we dont really have assets. Like for example, when we made the cars from scratch here in the US, if something happened, you could atleast sell the steel. Well now the steel is in China and India. On top of that we want to ';SPREAD DEMOCRACY'; and we have, so now you have 1 billion people in China and another billion in India, with our jobs (no labor laws, cheap labor, no benefits, unions, safety boards, and an endless supply of workers) and guess what ??? THEY CAN NOW AFFORD CARS or motor scooters and mass transit and heating and plastic (almost everything in our homes has oil in the product and used oil to get to our homes and now thier homes). So you have the Saudis sitting there will all this oil being like, those cheap *** Americans dont want to pay for the oil like the Europeans do, so screw them. China and India have 2 billion people, are the fastest growing economies, and are about 3000 miles closer. Plus they dont stick a nuclear missle up our *** everytime they get pissed.
So they are now in the market for oil. Which trades as a commodity. Well now that the dollar has fallen to an embarrassing exchange rate of less than the Canadian dollar, our money does not go as far when we are trying to buy that oil.
The thing about the oil that outrages me the most, is the gas stations. Here in the USA. Oil prices hit record highs, coming on the boat all the way over in the Persian Gulf, and somehow that same morning, the gas in the tank below the gas station raises in price too... weird huh....
The problem started because americans start putting things like GAS on their credit cards.. and now have nothing to show for it. We all are suppose to use the credit cards when we need a little extra help. Now They Maxed! There is no extra money. Its gone. Bail out after bail out, the banks, credit companies, and so forth will be saved, the people will get screwed, and somehow a ceo will still have his new benz every year and a huge bonus. God bless them
I'm wondering when oil prices start rising,Obama will increase royalties on oil companies who...?
drill in national parks or other public lands,
as either a way to limit pollution or to help pay for his 'stimulus' plan?I'm wondering when oil prices start rising,Obama will increase royalties on oil companies who...?
Raising the royalty rates would not have a direct impact on pollution. But as a source of Federal revenue yes.
For EIR, there is a French car maker that does sell some vehicles that run on compressed air. Too bad it still takes energy to compress that air.I'm wondering when oil prices start rising,Obama will increase royalties on oil companies who...?
They will just leave the country like the rest of the businesses and wealthy people . I guess then the poor will have to make up the 70% of all income taxes the rich pay now, and provide the jobs.
please don't give him any more ideas. if car manufacturers found a way to run a vehicle on air, there would be an air tax.
as either a way to limit pollution or to help pay for his 'stimulus' plan?I'm wondering when oil prices start rising,Obama will increase royalties on oil companies who...?
Raising the royalty rates would not have a direct impact on pollution. But as a source of Federal revenue yes.
For EIR, there is a French car maker that does sell some vehicles that run on compressed air. Too bad it still takes energy to compress that air.I'm wondering when oil prices start rising,Obama will increase royalties on oil companies who...?
They will just leave the country like the rest of the businesses and wealthy people . I guess then the poor will have to make up the 70% of all income taxes the rich pay now, and provide the jobs.
please don't give him any more ideas. if car manufacturers found a way to run a vehicle on air, there would be an air tax.
Why there is no hue & cry over the gold price rise? People feel it is natural, but not petrol or edible oil?
Its so simple.
Petrol %26amp; Edible oil are very essential commodities while gold is not!!!Why there is no hue %26amp; cry over the gold price rise? People feel it is natural, but not petrol or edible oil?
they will if they cud eat and run their vehicals on it.Why there is no hue %26amp; cry over the gold price rise? People feel it is natural, but not petrol or edible oil?
The main reasons are :
- Gold is occasionally purchased while the petrol or edible oil is required daily.
- People can live without gold but not without edible oil/petrol.
- Gold is suppose to be a thing of luxury while edible oil/petrol are essential commodities.
- Gold is the choice of ladies while the edible oil/petrol is requirement of entire family.
Hence,everyone gets affected by rise in prices of petrol/ edible oil .
These are all commodities..and every commodity has its own pricing principles
Price rise and fall is due to demand ,supply and stocks .So you can find the price fluctuation of gold and other edibles.
If you have too much rain or
drought ,
or the increase in population..
or increase in export order
or artificial hoarding , or stocks at cold storage...
effects the supply chain of edible and rise prices of the edible in general.
So one has to check the real cause of the demand,
nature of the demand
regulate the market and bring things back to normal level to suit public pockets
Gold is a luxury item, so none but the rich can afford to pay it much attention. The rich are, by definition, rich, so the price rise doesn't bother them too much.
gold is not essential commodity and ther is no need to raise he and cry. petrol and diesel are essential requirements and these are administratively controlled.
Petrol %26amp; Edible oil are very essential commodities while gold is not!!!Why there is no hue %26amp; cry over the gold price rise? People feel it is natural, but not petrol or edible oil?
they will if they cud eat and run their vehicals on it.Why there is no hue %26amp; cry over the gold price rise? People feel it is natural, but not petrol or edible oil?
The main reasons are :
- Gold is occasionally purchased while the petrol or edible oil is required daily.
- People can live without gold but not without edible oil/petrol.
- Gold is suppose to be a thing of luxury while edible oil/petrol are essential commodities.
- Gold is the choice of ladies while the edible oil/petrol is requirement of entire family.
Hence,everyone gets affected by rise in prices of petrol/ edible oil .
These are all commodities..and every commodity has its own pricing principles
Price rise and fall is due to demand ,supply and stocks .So you can find the price fluctuation of gold and other edibles.
If you have too much rain or
drought ,
or the increase in population..
or increase in export order
or artificial hoarding , or stocks at cold storage...
effects the supply chain of edible and rise prices of the edible in general.
So one has to check the real cause of the demand,
nature of the demand
regulate the market and bring things back to normal level to suit public pockets
Gold is a luxury item, so none but the rich can afford to pay it much attention. The rich are, by definition, rich, so the price rise doesn't bother them too much.
gold is not essential commodity and ther is no need to raise he and cry. petrol and diesel are essential requirements and these are administratively controlled.
Where is the outcry from the people whop complained about rising oil prices under Goerge Bush.?
Presidents always get the blame for things like that. Was Bush blamed more than he should have been, possibly, I don't know. But would Obama if the prices go up around $4 or $5 a gallon, yes, whether he deserves it or not.
But remember, every summer gas prices go up. If there is even the slightest threat of more trouble in the mideast, or even with North Korea, it would go up. If a hurricane starts to form in the Atlantic, that might or might not hit the Gulf of Mexico Oil rigs or Texas refineries, the price will go up. If one hits that area, it would skyrocket.Where is the outcry from the people whop complained about rising oil prices under Goerge Bush.?
When gas prices top $4.00/gallon again, there will be outcry.Where is the outcry from the people whop complained about rising oil prices under Goerge Bush.?
The outcry is coming. However, they will STILL blame Bush. Either they will try to blame instability in the Middle East on Bush which raises prices, or they will blame Environmental policies on Bush to explain gas prices.
First of all, the media will never blame democrats. Second, they will never use arguments against democrats for Identical Circumstances that they blame republicans for.
Third, Obama is The One, and he can do no wrong.
They'll find something else to blame it on. Like ';it's the summer'; or there's ';something going on in the world'; causing the high prices. Nothing has changed from Bush to Obama.
I'm outraged
but its not GWB's fault, he went over there and begged OPEC to lower prices and they said F U
OPEC is a criminal enterprise
sleeping in a dumpster thanks to Clinton's deregulation of the financial firms.
But remember, every summer gas prices go up. If there is even the slightest threat of more trouble in the mideast, or even with North Korea, it would go up. If a hurricane starts to form in the Atlantic, that might or might not hit the Gulf of Mexico Oil rigs or Texas refineries, the price will go up. If one hits that area, it would skyrocket.Where is the outcry from the people whop complained about rising oil prices under Goerge Bush.?
When gas prices top $4.00/gallon again, there will be outcry.Where is the outcry from the people whop complained about rising oil prices under Goerge Bush.?
The outcry is coming. However, they will STILL blame Bush. Either they will try to blame instability in the Middle East on Bush which raises prices, or they will blame Environmental policies on Bush to explain gas prices.
First of all, the media will never blame democrats. Second, they will never use arguments against democrats for Identical Circumstances that they blame republicans for.
Third, Obama is The One, and he can do no wrong.
They'll find something else to blame it on. Like ';it's the summer'; or there's ';something going on in the world'; causing the high prices. Nothing has changed from Bush to Obama.
I'm outraged
but its not GWB's fault, he went over there and begged OPEC to lower prices and they said F U
OPEC is a criminal enterprise
sleeping in a dumpster thanks to Clinton's deregulation of the financial firms.
Oil is now below 38 dollars. Will Liberal blame the Oil Companies or Bush for the low price?
Hell, i stubbed my toe yesterday.
It's Bush's FAULT!Oil is now below 38 dollars. Will Liberal blame the Oil Companies or Bush for the low price?
Now that the speculative trading is out of the oil trade business the prices has dropped. Interesting enough when congress demanded Bush look into the high oil prices last year, he didn't find any problems. When Obama became the nominee and stated he would look into the oil price fixing when elected President, prices began to fall.
The prices of oil has return to where it was before Bush took office. It is well documented that Bush had secret meetings with the oil industries. Coincidence, I think not.Oil is now below 38 dollars. Will Liberal blame the Oil Companies or Bush for the low price?
How about if I blame you! You are the reason, along with 300 million other you's who also live in the USA. Oil prices have dropped because demand is down. It became so expensive that people began carpooling, riding their bikes, walking and not going on long trips. People have become more efficient users of gasoline. With less demand, and the supply still high, the price has dropped. Normally, this is the time of year when prices should move higher because of winter and heating costs. Instead, OPEC announced that they would cut production because the price of oil continues to slip. The oil companies certainly don't have anything to do with it because you being frugal is costing them money. Bush simply has no say in the matter. The reason is simple. You!
No--actually, oil companies artificially jacked up oil and gas prices.
Then people had to hold back on mortgage and debt payments to be able to afford gas.
Then credit froze up because people were holding back on debt payments.
Now we're in the fix that we're in now.
And oil just fell along with the economy.
As oil prices go down, the economy will start to turn around.
Speculators scared that Bush's economic policies yanking their 64 billion US dollars out of the futures market is to blame.
Why did they stuff the extra 64 billion inot the oil futures market to begin with?
Becaue Bush ordered troops into Iraq and war in the person gulf is viewed as a potential threat to supply. A potential threat to supply is viewed as potential profit on Wall Street.
Saber rattling with Chavez and Ahmadinejad has the same affect at making speculators view a future profit potential of interrupted supply.
It's interesting how last summer when gas was some 4 bucks a gallon and six in some places, the economy was suffering because of it and people couldn't do the things they used to do.
Now gas is below 2 bucks a gallon almost everywhere, and people are still saying it's not good. Especially the environuts who were dreaming of sugar plums and gas at 10 dollars a gallon. Can't and won't ';go green'; if I can't afford it.
I'm afraid you set yourself up for this one. Blame Bush for the lousy economy. Even the oil speculators (that Bush didn't think existed) have headed for the hills. Unwinding of massive over-leverage in every financial market, brought on by the Bush crash, makes investing in anything right now a really bad idea, including oil.
One thing we do know. All that ';Drill here, drill now, pay less'; stuff had nothing to do with it.
Amazing! -- the President has no authority to fix or damage the US Economy. Only Congress can pass laws and allocate funds that improve the Economy or hurt it.
The President has about FOUR main Constitutional powers-- read Section 2 of the US Constitution-- none of these powers permit the President to raise or lower taxes, watch over the banks or stock market, improve the environment, or send you a government check-- only Congress has this authority.
Trust me. If there some way to spin this to blame Bush or the Republicans, the Liberals will find it. It's what they do. Saves them the time and trouble of actually having to learn facts, recognize the truth, or accept any responsibility for anything they might do wrong.
I blame the lack of Iran war rhetoric from our president Bush! When he was trying to whip up fervor for an attack on Iran oil futures went through the roof, even though there was a GLUT of oil on the market AND declining demand! Over 150$ a barrel! Those were the good Bush times! Now with libs not wanting a great Iran War the price of oil fell :(.
I think everyone is relieved at the price at the pump, especially in this economy. However, we must move away from oil and other fossil fuels if we want to thrive in the future.
Um, the low price is a function of the dramatically reduced worldwide demand, and the speculators leaving the market. Doesn't everyone know that?
Bush's policies contributed to the high prices, and his policies contributed to the low prices. All he had to do to bring them down was give us the worst depression since 1929. Great.
They are now blaming World-wide recession. High prices, low prices - the liberal news outlets will always find a way to spin it as ';bad news.';
Typical democrats. Blame Bush for the increase in price of oil but not for the decrease. Do they realize how foolish sounding they are?
why do the supporters of bush not believe in ';the buck stops here'; he was in charge he was our leader he screwed up by not staying on top of the problems and delegating to underlings like cheney
Bush- for creating a world-wide recession.
I blame Bush for our economic situation.
Bush tanked the economy...his fault.
Yes, I hear that it's all a ploy to help make up for all the wrong He and
Chaney have done. I say too little Too late.
Of course they will. They're never happy.mask movie
It's Bush's FAULT!Oil is now below 38 dollars. Will Liberal blame the Oil Companies or Bush for the low price?
Now that the speculative trading is out of the oil trade business the prices has dropped. Interesting enough when congress demanded Bush look into the high oil prices last year, he didn't find any problems. When Obama became the nominee and stated he would look into the oil price fixing when elected President, prices began to fall.
The prices of oil has return to where it was before Bush took office. It is well documented that Bush had secret meetings with the oil industries. Coincidence, I think not.Oil is now below 38 dollars. Will Liberal blame the Oil Companies or Bush for the low price?
How about if I blame you! You are the reason, along with 300 million other you's who also live in the USA. Oil prices have dropped because demand is down. It became so expensive that people began carpooling, riding their bikes, walking and not going on long trips. People have become more efficient users of gasoline. With less demand, and the supply still high, the price has dropped. Normally, this is the time of year when prices should move higher because of winter and heating costs. Instead, OPEC announced that they would cut production because the price of oil continues to slip. The oil companies certainly don't have anything to do with it because you being frugal is costing them money. Bush simply has no say in the matter. The reason is simple. You!
No--actually, oil companies artificially jacked up oil and gas prices.
Then people had to hold back on mortgage and debt payments to be able to afford gas.
Then credit froze up because people were holding back on debt payments.
Now we're in the fix that we're in now.
And oil just fell along with the economy.
As oil prices go down, the economy will start to turn around.
Speculators scared that Bush's economic policies yanking their 64 billion US dollars out of the futures market is to blame.
Why did they stuff the extra 64 billion inot the oil futures market to begin with?
Becaue Bush ordered troops into Iraq and war in the person gulf is viewed as a potential threat to supply. A potential threat to supply is viewed as potential profit on Wall Street.
Saber rattling with Chavez and Ahmadinejad has the same affect at making speculators view a future profit potential of interrupted supply.
It's interesting how last summer when gas was some 4 bucks a gallon and six in some places, the economy was suffering because of it and people couldn't do the things they used to do.
Now gas is below 2 bucks a gallon almost everywhere, and people are still saying it's not good. Especially the environuts who were dreaming of sugar plums and gas at 10 dollars a gallon. Can't and won't ';go green'; if I can't afford it.
I'm afraid you set yourself up for this one. Blame Bush for the lousy economy. Even the oil speculators (that Bush didn't think existed) have headed for the hills. Unwinding of massive over-leverage in every financial market, brought on by the Bush crash, makes investing in anything right now a really bad idea, including oil.
One thing we do know. All that ';Drill here, drill now, pay less'; stuff had nothing to do with it.
Amazing! -- the President has no authority to fix or damage the US Economy. Only Congress can pass laws and allocate funds that improve the Economy or hurt it.
The President has about FOUR main Constitutional powers-- read Section 2 of the US Constitution-- none of these powers permit the President to raise or lower taxes, watch over the banks or stock market, improve the environment, or send you a government check-- only Congress has this authority.
Trust me. If there some way to spin this to blame Bush or the Republicans, the Liberals will find it. It's what they do. Saves them the time and trouble of actually having to learn facts, recognize the truth, or accept any responsibility for anything they might do wrong.
I blame the lack of Iran war rhetoric from our president Bush! When he was trying to whip up fervor for an attack on Iran oil futures went through the roof, even though there was a GLUT of oil on the market AND declining demand! Over 150$ a barrel! Those were the good Bush times! Now with libs not wanting a great Iran War the price of oil fell :(.
I think everyone is relieved at the price at the pump, especially in this economy. However, we must move away from oil and other fossil fuels if we want to thrive in the future.
Um, the low price is a function of the dramatically reduced worldwide demand, and the speculators leaving the market. Doesn't everyone know that?
Bush's policies contributed to the high prices, and his policies contributed to the low prices. All he had to do to bring them down was give us the worst depression since 1929. Great.
They are now blaming World-wide recession. High prices, low prices - the liberal news outlets will always find a way to spin it as ';bad news.';
Typical democrats. Blame Bush for the increase in price of oil but not for the decrease. Do they realize how foolish sounding they are?
why do the supporters of bush not believe in ';the buck stops here'; he was in charge he was our leader he screwed up by not staying on top of the problems and delegating to underlings like cheney
Bush- for creating a world-wide recession.
I blame Bush for our economic situation.
Bush tanked the economy...his fault.
Yes, I hear that it's all a ploy to help make up for all the wrong He and
Chaney have done. I say too little Too late.
Of course they will. They're never happy.
What will crude oil prices be in a year?
Good question, I think they will be high enough that we all need to start looking at a bicycle so we can boycott this craziness. Unless the government jumps in we will all be sitting with our vehicles parked in the driveway!What will crude oil prices be in a year?
$132/bbl. That's what the July, 2009 contracts are trading at today. If you don't agree, you can buy or sell the contracts and make money (if you're right).
$132/bbl. That's what the July, 2009 contracts are trading at today. If you don't agree, you can buy or sell the contracts and make money (if you're right).
Do U expect lower oil prices will help the consumer eventually get back on their feet?
It is only temporary, you can bet. The oil companies now know that we are willing to pay the bucks for the product so it is never going back to the way it was.Do U expect lower oil prices will help the consumer eventually get back on their feet?
absolutely. High oil prices has led to a decline in the value of the US Dollar, which has led to an increase in goods exported by the US.
There are many industries affected by oil prices. Some more than others. Transportation companies, of course, such as airline companies will have lower fuel costs if oil prices decline. and many many other companies use products that are derived from petroleum, not to mention their freight costs.
I don't know to what extent dropping oil prices will help, but all else equal, it's a good thing for just about everyone except oil companies.Do U expect lower oil prices will help the consumer eventually get back on their feet?
Lower oil prices will help. But consumers need to do a lot to help themselves, like spend less, save, reduce debt, and invest wisely. Taking responsibility for yourself is the best way to get back on your feet.
No I do not. Not completely. Most of the consumers were consuming based on borrowed money. Borrow and spend. Borrow and spend. The party is over.
No. You need to learn how to save money in order to get back on your feet.
absolutely. High oil prices has led to a decline in the value of the US Dollar, which has led to an increase in goods exported by the US.
There are many industries affected by oil prices. Some more than others. Transportation companies, of course, such as airline companies will have lower fuel costs if oil prices decline. and many many other companies use products that are derived from petroleum, not to mention their freight costs.
I don't know to what extent dropping oil prices will help, but all else equal, it's a good thing for just about everyone except oil companies.Do U expect lower oil prices will help the consumer eventually get back on their feet?
Lower oil prices will help. But consumers need to do a lot to help themselves, like spend less, save, reduce debt, and invest wisely. Taking responsibility for yourself is the best way to get back on your feet.
No I do not. Not completely. Most of the consumers were consuming based on borrowed money. Borrow and spend. Borrow and spend. The party is over.
No. You need to learn how to save money in order to get back on your feet.
Why is the price of gas rising but crude oil isn't?
They say it is because at this time of year they shut refineries down for maintenance, so there is a dip in supply. If you ask me, I'd say bend over and pass the vasoline! (Oops vasoline is also made from crude!)Why is the price of gas rising but crude oil isn't?
they say it's over there but honestly it's corrupt and stingy oil companys. They could lowe gas prices back down to 2.00 if they wanted but they know we have to use it. so they jack up the prices so they can have more money themselves. its really messed upWhy is the price of gas rising but crude oil isn't?
The refineries raise prices BECAUSE THEY CAN.
Face it: if they can sell 1000 gallons at $3.25 and gross $3250, or sell 1300 gallons at $2.50 and gross $3250, why would they sell for $2.50? We need the gasoline, and they feel the need (or see the opportunity) to screw us.
Can you say.... GOUGING!!!!!!!!!!!!!!!!!!
they say it's over there but honestly it's corrupt and stingy oil companys. They could lowe gas prices back down to 2.00 if they wanted but they know we have to use it. so they jack up the prices so they can have more money themselves. its really messed upWhy is the price of gas rising but crude oil isn't?
The refineries raise prices BECAUSE THEY CAN.
Face it: if they can sell 1000 gallons at $3.25 and gross $3250, or sell 1300 gallons at $2.50 and gross $3250, why would they sell for $2.50? We need the gasoline, and they feel the need (or see the opportunity) to screw us.
Can you say.... GOUGING!!!!!!!!!!!!!!!!!!
Can you tell me the indian price of Orgy penis massage oil and from where i can buy this ?
You can get that stuff at any sex store or buy it online. I don't know the price because I've never heard of it.Can you tell me the indian price of Orgy penis massage oil and from where i can buy this ?
In India , a gallon costs 5 cents .
In India , a gallon costs 5 cents .
When the Govt. allowed an increase in gas prices it claimed a link between gas & oil prices to be the reason.?
Why is it not the case therefore that since oil has fallen to more or less its original price as in July 2008 have gas prices not gone down proportionally ????
When the Govt. allowed an increase in gas prices it claimed a link between gas %26amp; oil prices to be the reason.?
I'm assuming you are referring to gas as in the blue stuff that we use to cook with and heat our homes. I have had a leaflet from Scottish Power offering to 'fix for free' my new higher prices until May 2009, They cite 'the rising price of oil' as a reason I would want to do this but oil is down to $70/barrel, half what it was in July so I have decided not to fix them. I am hoping that once the reserves of gas purchased at the higher prices have been used up, the suppliers will be able to buy cheaper gas and pass on the savings. But we won't see a proportional reduction because the govt is too busy buying banks at the moment to worry about what prices gas suppliers are charging. When the Govt. allowed an increase in gas prices it claimed a link between gas %26amp; oil prices to be the reason.?
Gasoline prices have fallen.
gasoline is under $3.00 here.
In janurary 2007:
Oil was $46.00 a barrel
Gas was $2.12 a gallon
At the peak:
Oil went to $130 a barrel
Gas went to $4.05 a gallon
Interesting, oil increased 181%, but gas only increased 91%
Now Oil is down to $80 a barrel, and gas prices are down under $3.00
cause we got stupid *** mothers like you,
also you know your uncle sam like to penetrate no lube, ';boys';
i think you like it,
i have a solution for you
drive around with a WE GIVE *** FOR GAS bumper sticker on the back of your less Fuel efficient 2008 lemon, mr el lem-on and charge them a gallon an inch,
hope they are 12 footers
When the Govt. allowed an increase in gas prices it claimed a link between gas %26amp; oil prices to be the reason.?
I'm assuming you are referring to gas as in the blue stuff that we use to cook with and heat our homes. I have had a leaflet from Scottish Power offering to 'fix for free' my new higher prices until May 2009, They cite 'the rising price of oil' as a reason I would want to do this but oil is down to $70/barrel, half what it was in July so I have decided not to fix them. I am hoping that once the reserves of gas purchased at the higher prices have been used up, the suppliers will be able to buy cheaper gas and pass on the savings. But we won't see a proportional reduction because the govt is too busy buying banks at the moment to worry about what prices gas suppliers are charging. When the Govt. allowed an increase in gas prices it claimed a link between gas %26amp; oil prices to be the reason.?
Gasoline prices have fallen.
gasoline is under $3.00 here.
In janurary 2007:
Oil was $46.00 a barrel
Gas was $2.12 a gallon
At the peak:
Oil went to $130 a barrel
Gas went to $4.05 a gallon
Interesting, oil increased 181%, but gas only increased 91%
Now Oil is down to $80 a barrel, and gas prices are down under $3.00
cause we got stupid *** mothers like you,
also you know your uncle sam like to penetrate no lube, ';boys';
i think you like it,
i have a solution for you
drive around with a WE GIVE *** FOR GAS bumper sticker on the back of your less Fuel efficient 2008 lemon, mr el lem-on and charge them a gallon an inch,
hope they are 12 footers
Should the Oil companies be allowed to hold consumers hostage to high oil prices when profits are exorbitant?
Oil companies retaliate against Congress %26amp; the American People- resist change
Gasoline refinery expansions scaled back By H. JOSEF HEBERT, Associated Press Writer
Sun Jun 17, 6:03 AM ET
WASHINGTON - With Congress and the White House pushing to increases the use of ethanol, the oil industry is scaling back its plans to expand refineries 隆陋 which could keep gasoline prices high, possibly for years to come.
But oil companies already have scaled those expansion plans back by nearly 40 percent. More cancellations are expected if Congress passes legislation now before the Senate calling for 15 billion gallons of ethanol use by 2015 and more than double that by 2022, say industry and government officials.
';These (expansion) decisions are being revisited in boardrooms across the refining sector,'; says Charlie Drevna, executive vice president of the National Petrochemical and Refiners Association
';By creating a situation of extremely tight supply, the oil companies gain control over price at the wholesale level,'; says Mark Cooper of the Consumer Federation of America. He argues the refining industry ';has no interest in creating spare (refining) capacity.';
President Bush has called for a 20 percent decline in gasoline use by 2017 and the Senate is debating legislation for huge increases in the use of ethanol as a motor fuel. So, oil companies see a growing uncertainty about future gasoline demand and less need to increase refinery capacity to make more gasoline.
A shortage of refineries frequently has been blamed by politicians for the sharp price spikes in gasoline.
This spring, refiners, hampered by outages, could not keep up with demand and imports were down because of greater fuel demand in Europe and elsewhere. Despite stable 隆陋 even sometimes declining 隆陋 oil prices, gasoline prices soared to record levels and remain well above $3 a gallon.
Consumer advocates maintain the oil industry likes it that way.
';By creating a situation of extremely tight supply, the oil companies gain control over price at the wholesale level,'; says Mark Cooper of the Consumer Federation of America. He argues the refining industry ';has no interest in creating spare (refining) capacity.';
Only last year, the Energy Department was told that refiners, reaping big profits and anticipating growing demand, were looking at boosting their refining capacity by 1.6 million barrels a day, a roughly 10 percent increase.
But oil companies already have scaled those expansion plans back by nearly 40 percent. More cancellations are expected if Congress passes legislation now before the Sensate calling for 15 billion gallons of ethanol use by 2015 and more than double that by 2022, say industry and government officials.
';These (expansion) decisions are being revisited in boardrooms across the refining sector,'; says Charlie Drevna, executive vice president of the National Petrochemical and Refiners AssociationShould the Oil companies be allowed to hold consumers hostage to high oil prices when profits are exorbitant?
Nations all over the world have nationalized their oil interests. The people of the United States could nationalized their oil interests, too, if they weren't such sheep. Energy should not be privately owned. That is the problem. To nationalize U.S. oil interests, under the 5th Amendment to the U.S. Constitution, there would have to be due process of the law (an act of Congress) and just compensation. Make it a campaign issue. Considering the largest national debt in the history of humankind that U.S. taxpayers are forced to pay for the ';security'; this nation is providing for private oil companies in the Middle East, it would certainly be fair for those oil companies to accept no compensation in lieu of the services already provided.
Speaking of communism and the stupidity of sheep, and for the record, the United States is a state-capitalist nation. Risks are socialized (paid for by the taxpayer) but profits are privatized (and extracted by the plutocracy). See the Savings %26amp; Loan scandal, New Orleans after Katrina and Chrysler for more information. The middle class and poor majority creates the wealth of a small minority. That's sick. That's wrong. Considering that, Hugo Chavez would make a FAR better president than the plundering buffoon we have now.Should the Oil companies be allowed to hold consumers hostage to high oil prices when profits are exorbitant?
Yes.
';High'; is a subjective opinion about prices. Similarly, ';exorbitant'; is a subjective opinion about profits. The U.S. oil industry's profits, on a return on equity basis, are in line with other industries. They large in absolute terms because it is a big market.
Cutting back on plans to expand refinery capacity is a sound, logical response to the current climate. Congress wants to increase the availability of substitutes (e.g., ethanol), and there are idiots out there advocating for price caps. Both of these things lessen the expected profitability of new refinery capacity, so it's pretty easy to see why they would cut back on their plans. This is basic economics 101 stuff.
You should check the Government Accountability Office for their analysis. Unlike most members of Congress, they know economics and they get the analysis correct.
If you don't like the profits, you should have invested in oil.
Giving this a ';thumbs down'; is equivalent to saying ';I'm economically illiterate';.
Are you willing to pay that price?
On the Demand side, that's what the price should be.
Sorry, start riding a bike.
I have no doubt that some oil company would try to undercut everyone by building tons of refineries and making their crap cheaper.................IF the government hadn't had such an anti-refinery stance for 3 decades.
Hell No!
Patois's post was brilliant.
The enablers are out in full force and their posts would be laughable if this issue did not anger me and most Americans so much. Quarter after quarter, year after year Exxon and Chevron keep setting new Profit records and this last year deliberately cut production at refineries to artificially keep prices up. Anybody that criticizes this robber barron brand of capitalism is labeled a ';Communist'; by these Corporate enablers with their ';Econ 101'; references.
By the way Iraq was all about Oil. Permanent bases to watch over the Oil spigots, slow down production, prices rise, profits rise.
Now the main ';Benchmark'; Iraq's government must meet to satisfy its Occupiers is to Privatize Oil.
A better question is:
Why are people like yourself so upset with oil company profits when the federal government took $2,300,000,000,000 (that is trillion) of the American people's money last year? Exxon is jealous.
I'm also very glad that ---patois--- responded with her economic buffoonery. People on the left who are sophisticated and nuanced like to pretend that people like her do not exists. Her idea is communism at its finest. Hugo Chavez is proud.
.
It's call capitalism, if you want lower gas prices move too a real socialist or communist country. If you can find one.
Its extortion not a hostage situation.mask movie
Gasoline refinery expansions scaled back By H. JOSEF HEBERT, Associated Press Writer
Sun Jun 17, 6:03 AM ET
WASHINGTON - With Congress and the White House pushing to increases the use of ethanol, the oil industry is scaling back its plans to expand refineries 隆陋 which could keep gasoline prices high, possibly for years to come.
But oil companies already have scaled those expansion plans back by nearly 40 percent. More cancellations are expected if Congress passes legislation now before the Senate calling for 15 billion gallons of ethanol use by 2015 and more than double that by 2022, say industry and government officials.
';These (expansion) decisions are being revisited in boardrooms across the refining sector,'; says Charlie Drevna, executive vice president of the National Petrochemical and Refiners Association
';By creating a situation of extremely tight supply, the oil companies gain control over price at the wholesale level,'; says Mark Cooper of the Consumer Federation of America. He argues the refining industry ';has no interest in creating spare (refining) capacity.';
President Bush has called for a 20 percent decline in gasoline use by 2017 and the Senate is debating legislation for huge increases in the use of ethanol as a motor fuel. So, oil companies see a growing uncertainty about future gasoline demand and less need to increase refinery capacity to make more gasoline.
A shortage of refineries frequently has been blamed by politicians for the sharp price spikes in gasoline.
This spring, refiners, hampered by outages, could not keep up with demand and imports were down because of greater fuel demand in Europe and elsewhere. Despite stable 隆陋 even sometimes declining 隆陋 oil prices, gasoline prices soared to record levels and remain well above $3 a gallon.
Consumer advocates maintain the oil industry likes it that way.
';By creating a situation of extremely tight supply, the oil companies gain control over price at the wholesale level,'; says Mark Cooper of the Consumer Federation of America. He argues the refining industry ';has no interest in creating spare (refining) capacity.';
Only last year, the Energy Department was told that refiners, reaping big profits and anticipating growing demand, were looking at boosting their refining capacity by 1.6 million barrels a day, a roughly 10 percent increase.
But oil companies already have scaled those expansion plans back by nearly 40 percent. More cancellations are expected if Congress passes legislation now before the Sensate calling for 15 billion gallons of ethanol use by 2015 and more than double that by 2022, say industry and government officials.
';These (expansion) decisions are being revisited in boardrooms across the refining sector,'; says Charlie Drevna, executive vice president of the National Petrochemical and Refiners AssociationShould the Oil companies be allowed to hold consumers hostage to high oil prices when profits are exorbitant?
Nations all over the world have nationalized their oil interests. The people of the United States could nationalized their oil interests, too, if they weren't such sheep. Energy should not be privately owned. That is the problem. To nationalize U.S. oil interests, under the 5th Amendment to the U.S. Constitution, there would have to be due process of the law (an act of Congress) and just compensation. Make it a campaign issue. Considering the largest national debt in the history of humankind that U.S. taxpayers are forced to pay for the ';security'; this nation is providing for private oil companies in the Middle East, it would certainly be fair for those oil companies to accept no compensation in lieu of the services already provided.
Speaking of communism and the stupidity of sheep, and for the record, the United States is a state-capitalist nation. Risks are socialized (paid for by the taxpayer) but profits are privatized (and extracted by the plutocracy). See the Savings %26amp; Loan scandal, New Orleans after Katrina and Chrysler for more information. The middle class and poor majority creates the wealth of a small minority. That's sick. That's wrong. Considering that, Hugo Chavez would make a FAR better president than the plundering buffoon we have now.Should the Oil companies be allowed to hold consumers hostage to high oil prices when profits are exorbitant?
Yes.
';High'; is a subjective opinion about prices. Similarly, ';exorbitant'; is a subjective opinion about profits. The U.S. oil industry's profits, on a return on equity basis, are in line with other industries. They large in absolute terms because it is a big market.
Cutting back on plans to expand refinery capacity is a sound, logical response to the current climate. Congress wants to increase the availability of substitutes (e.g., ethanol), and there are idiots out there advocating for price caps. Both of these things lessen the expected profitability of new refinery capacity, so it's pretty easy to see why they would cut back on their plans. This is basic economics 101 stuff.
You should check the Government Accountability Office for their analysis. Unlike most members of Congress, they know economics and they get the analysis correct.
If you don't like the profits, you should have invested in oil.
Giving this a ';thumbs down'; is equivalent to saying ';I'm economically illiterate';.
Are you willing to pay that price?
On the Demand side, that's what the price should be.
Sorry, start riding a bike.
I have no doubt that some oil company would try to undercut everyone by building tons of refineries and making their crap cheaper.................IF the government hadn't had such an anti-refinery stance for 3 decades.
Hell No!
Patois's post was brilliant.
The enablers are out in full force and their posts would be laughable if this issue did not anger me and most Americans so much. Quarter after quarter, year after year Exxon and Chevron keep setting new Profit records and this last year deliberately cut production at refineries to artificially keep prices up. Anybody that criticizes this robber barron brand of capitalism is labeled a ';Communist'; by these Corporate enablers with their ';Econ 101'; references.
By the way Iraq was all about Oil. Permanent bases to watch over the Oil spigots, slow down production, prices rise, profits rise.
Now the main ';Benchmark'; Iraq's government must meet to satisfy its Occupiers is to Privatize Oil.
A better question is:
Why are people like yourself so upset with oil company profits when the federal government took $2,300,000,000,000 (that is trillion) of the American people's money last year? Exxon is jealous.
I'm also very glad that ---patois--- responded with her economic buffoonery. People on the left who are sophisticated and nuanced like to pretend that people like her do not exists. Her idea is communism at its finest. Hugo Chavez is proud.
.
It's call capitalism, if you want lower gas prices move too a real socialist or communist country. If you can find one.
Its extortion not a hostage situation.
What are the price ranges for oil change and tire rotation????
help. please. and fast. drivers ed test...What are the price ranges for oil change and tire rotation????
It depends on what type of car. The dealership is the best bet for continuity and will run anywhere between $50-$80 for both the oil change and tire rotation. If you go anywhere else you might be limited by the services they provide, but they'll normally charge around $15-$30 for oil change and maybe another $40-$50 for rotation.
Keep in mind tha these prices will all go up, possibly double, with a synthetic oil.What are the price ranges for oil change and tire rotation????
Should be no more than 50 bucks at the high end.
depends on the place. You can usually get it done @ ur dealer's cheap, around 20-80 as far as I know. Also, tire rotations are easily done @ home. You put the jack under the car, remove the tires and switch it up!!
a DIY oil change can cost you as little as 10 bucks. one at a porsche dealer will cost you 250.
the ferrari enzo's oil change will cost you a couple grand.
tire rotation costs around 20 bucks at a shop. maybe less. its free if you DIY.
at wal mart there like 15 bucks for oil change and 2 dollars a tire for a rotation it can be a bit pricier at car dealerships
50 to 75 bucks, get you tires balanced also it wont hurt
It depends on what type of car. The dealership is the best bet for continuity and will run anywhere between $50-$80 for both the oil change and tire rotation. If you go anywhere else you might be limited by the services they provide, but they'll normally charge around $15-$30 for oil change and maybe another $40-$50 for rotation.
Keep in mind tha these prices will all go up, possibly double, with a synthetic oil.What are the price ranges for oil change and tire rotation????
Should be no more than 50 bucks at the high end.
depends on the place. You can usually get it done @ ur dealer's cheap, around 20-80 as far as I know. Also, tire rotations are easily done @ home. You put the jack under the car, remove the tires and switch it up!!
a DIY oil change can cost you as little as 10 bucks. one at a porsche dealer will cost you 250.
the ferrari enzo's oil change will cost you a couple grand.
tire rotation costs around 20 bucks at a shop. maybe less. its free if you DIY.
at wal mart there like 15 bucks for oil change and 2 dollars a tire for a rotation it can be a bit pricier at car dealerships
50 to 75 bucks, get you tires balanced also it wont hurt
The prices of oil, gasoline, and other petroleum products, which are key inputs in production, have been decre
The prices of oil, gasoline, and other petroleum products, which are key inputs in production, have been decreasing in recent months. Other things being equal, which of the following is likely to occur in the U.S. economy as a result of the decline in oil prices?
(a) An increase in the unemployment rate.
(b) A decrease in both equilibrium price level and equilibrium real GDP.
(c) A decrease in the equilibrium price level and an increase in equilibrium real GDP.
(d) An increase in both equilibrium price level and equilibrium real GDP.The prices of oil, gasoline, and other petroleum products, which are key inputs in production, have been decre
In relative terms, on an annual argument, WTI is trading at $99 on 11/20, compared to $56 11/20/06. Ouch!
So 'decreasing' is in comparison to what?
But to your question, I'd guess that (c) is the most likely - price levels will come down, and GDP will more than likely see some stimulation, and will increase, due to lower price of inputs.
-----
High 5
(a) An increase in the unemployment rate.
(b) A decrease in both equilibrium price level and equilibrium real GDP.
(c) A decrease in the equilibrium price level and an increase in equilibrium real GDP.
(d) An increase in both equilibrium price level and equilibrium real GDP.The prices of oil, gasoline, and other petroleum products, which are key inputs in production, have been decre
In relative terms, on an annual argument, WTI is trading at $99 on 11/20, compared to $56 11/20/06. Ouch!
So 'decreasing' is in comparison to what?
But to your question, I'd guess that (c) is the most likely - price levels will come down, and GDP will more than likely see some stimulation, and will increase, due to lower price of inputs.
-----
High 5
How can high oil prices cause inflation?
Because oil is used to make plastic, which is used in many goods. Not only plastic, but trasportation, luricants etc. Oil is a scare resource, demand is greater than supply, so equilibrium is high, meaning a high price. The gradual increase of the prices of goods and services is termed as inflation. Therefore, ultimately, high oil prices do indeed cause inflation.How can high oil prices cause inflation?
Higher oil prices directly affect the cost of transporting goods. Since nearly all goods get transported several times on the way to the end consumer, higher oil prices affect the prices of a wide array of products. The CPI ( Consumer Prices Index) which measures the prices of many products and commodities is used to gauge inflation. As the prices of goods increase to offset the losses of the company from higher transportation costs, the CPI (inflation) also increases.How can high oil prices cause inflation?
Higher prices for anything is defined as inflation - it is a basic definition.
Higher oil prices directly affect the cost of transporting goods. Since nearly all goods get transported several times on the way to the end consumer, higher oil prices affect the prices of a wide array of products. The CPI ( Consumer Prices Index) which measures the prices of many products and commodities is used to gauge inflation. As the prices of goods increase to offset the losses of the company from higher transportation costs, the CPI (inflation) also increases.How can high oil prices cause inflation?
Higher prices for anything is defined as inflation - it is a basic definition.
Is one of the main reasons for the high oil prices due to the Iraq war?
Please give FACTS and support your answers.
Whould pulling out of Iraq help reduce the oil prices per barrel?
Please explain in depthIs one of the main reasons for the high oil prices due to the Iraq war?
First, you have to understand that the actual cost of pulling a barrel of oil out of the ground hasn't gone up in decades. Prices rise because of 'scarcity' and because of instability, that is, if people think something might happen to interrupt the world supply of oil, the price goes up. Especially when the prices are set by a few big, powerful oil companies who don't have any real competition.
There is a theory that the only reason Bush's dad attacked Iraq years ago was to keep Iraq's oil off the world market and keep prices up.
Bush's bungling invasion of Iraq destabilized the whole region. Not only is it much harder to get the oil out of Iraq than he thought, but people also see a good chance that there will be a bigger war, that Iran and Syria and maybe even Saudi Arabia will get involved. This will make oil harder to get and much more expensive, and even the -possibility- of his happening is enough to raise oil prices.
A lot of people think it's very likely that Bush will drag Iran into the war. If that happens, Iran could easily sink a few ships in the Straits of Hormuz, making it impossible to get tankers in and out of the Gulf. That would suddenly cause a serious worldwide oil shortage. Just the thought of the possibility of that makes oil prices go up.
But even just as things are, it looks like it will be a long time, several years, before Iraq can be stabilized, before oil production can resume there at rates matching world demand. We are faced with a number of options in Iraq, all of them bad. We can stay and try to calm things down, which will take several years if it's possible at all. We can leave and let them sort it out among themselves, which will also take several years. So whatever happens, it doesn't look good for oil prices.
Meanwhile the oil companies are making incredible profits because -their- cost of the oil is still relatively low, and they're not paying for the war.Is one of the main reasons for the high oil prices due to the Iraq war?
the oil in iraq doesnt really affect it because around 25% of all of the worlds supply of crude oil is in saudi arabia, so we along with countries such as france, america and canada get alot of our oil from there. however if we did pull out you would probably find that the oil prices would decrease because war, which is payed by the government (paying for soldiers, fuel for tanks and planes, ammo, weopens, vehicles, rations etc), is very expensive. to pay for this the government bangs a load of tax on everything and one of the main reasons oil (especially in petrol and diesel form) has risen so much is because raising the price allows the government to tax the driver aswell, which, incase you havent noticed, has become somewhat of a priority because apparently they produce alot of the 2% of carbon emmisions humans generate, but that is a different issue and different answer to a different question.
so basically, the iraq war being stopped would mean that taxes on everything would drop, so yes, the price of oil probably would drop aswell
Supply and demand.
Pulling out wouldn't help the oil prices or inflation, Its simple as the rich want to get richer, Take GWB and crew all oil people looking out for there own benefits.
Actually it is not the main reason (altho when you destroy any oil fields,it makes business people nervous)
The real reason, which no one wants to talk about, is THE FALLING DOLLAR.
Soon, going into Walmart will be as expensive as Macys. The dollar is becoming worthless.
Facts umm,, the war has been going on for YEARS. Why would oil prices up up NOW, if it was war related?
No, we get most of our oil from Brazil.
Whould pulling out of Iraq help reduce the oil prices per barrel?
Please explain in depthIs one of the main reasons for the high oil prices due to the Iraq war?
First, you have to understand that the actual cost of pulling a barrel of oil out of the ground hasn't gone up in decades. Prices rise because of 'scarcity' and because of instability, that is, if people think something might happen to interrupt the world supply of oil, the price goes up. Especially when the prices are set by a few big, powerful oil companies who don't have any real competition.
There is a theory that the only reason Bush's dad attacked Iraq years ago was to keep Iraq's oil off the world market and keep prices up.
Bush's bungling invasion of Iraq destabilized the whole region. Not only is it much harder to get the oil out of Iraq than he thought, but people also see a good chance that there will be a bigger war, that Iran and Syria and maybe even Saudi Arabia will get involved. This will make oil harder to get and much more expensive, and even the -possibility- of his happening is enough to raise oil prices.
A lot of people think it's very likely that Bush will drag Iran into the war. If that happens, Iran could easily sink a few ships in the Straits of Hormuz, making it impossible to get tankers in and out of the Gulf. That would suddenly cause a serious worldwide oil shortage. Just the thought of the possibility of that makes oil prices go up.
But even just as things are, it looks like it will be a long time, several years, before Iraq can be stabilized, before oil production can resume there at rates matching world demand. We are faced with a number of options in Iraq, all of them bad. We can stay and try to calm things down, which will take several years if it's possible at all. We can leave and let them sort it out among themselves, which will also take several years. So whatever happens, it doesn't look good for oil prices.
Meanwhile the oil companies are making incredible profits because -their- cost of the oil is still relatively low, and they're not paying for the war.Is one of the main reasons for the high oil prices due to the Iraq war?
the oil in iraq doesnt really affect it because around 25% of all of the worlds supply of crude oil is in saudi arabia, so we along with countries such as france, america and canada get alot of our oil from there. however if we did pull out you would probably find that the oil prices would decrease because war, which is payed by the government (paying for soldiers, fuel for tanks and planes, ammo, weopens, vehicles, rations etc), is very expensive. to pay for this the government bangs a load of tax on everything and one of the main reasons oil (especially in petrol and diesel form) has risen so much is because raising the price allows the government to tax the driver aswell, which, incase you havent noticed, has become somewhat of a priority because apparently they produce alot of the 2% of carbon emmisions humans generate, but that is a different issue and different answer to a different question.
so basically, the iraq war being stopped would mean that taxes on everything would drop, so yes, the price of oil probably would drop aswell
Supply and demand.
Pulling out wouldn't help the oil prices or inflation, Its simple as the rich want to get richer, Take GWB and crew all oil people looking out for there own benefits.
Actually it is not the main reason (altho when you destroy any oil fields,it makes business people nervous)
The real reason, which no one wants to talk about, is THE FALLING DOLLAR.
Soon, going into Walmart will be as expensive as Macys. The dollar is becoming worthless.
Facts umm,, the war has been going on for YEARS. Why would oil prices up up NOW, if it was war related?
No, we get most of our oil from Brazil.
Why have oil prices stayed so high?
they produce less so the price goes up at the pump.then the barrel price comes down but not at the pump.
if i did less for a month and then when i finally got off my lazy a55,i charged my costumers more,and told them if i get enough orders i might drop the price slightly, i wouldn't get much work!Why have oil prices stayed so high?
The people who say it's because the oil companies are greedy, are living on a different planet, and haven't got a clue what they're talking about.
The oil price is high for several reasons, but mainly due to the organisation called OPEC controlling the majority of the world's supply. When the oil price starts to fall, they decide amongst themselves to cut production, reducing the supply. They artificially create the situation where there is high demand but low supply.
The relationship between Russia and the rest of the world also affects oil price. Russia are the 2nd biggest oil producer, and are not afraid to cut the fuel supply off to their European neighbours. This uncertainty affects the price of oil.
Throw in the relationship between Iran and the West - uncertainty again.
The war in Iraq affects oil price, and to a certain degree terrorism can have an effect too.
Oil companies make very little profit for a gallon of petrol - that margin would not be sustainable and viable in any other industry.
Why have oil prices stayed so high?
Oil prices are not high. As a matter of fact, on Friday they slid below $100 a barrel - but the prices at the pump have not gone down in the same ratio as the prices went up. When we were at $100 a barrel the gas just barely made it to $3 a gallon.
None of the Houston oil shipping channels were damaged by IKE the prices of gas should not go up, but it will
as others have said because the oil companies are greedy but i see the price of oil has now dropped to it's lowest since april http://www.ft.com/cms/s/0/c2c0e5d6-7e99-鈥?/a> so i wonder how long before the oil companies reduce the price at the pump will be interesting to see
There is this small little organization that you may have heard of called OPEC. They have decided to cut the amount of oil sold on the market. Add fears of interruptions due to hurricane Ike, and you will have the reason why prices at the pump are going back up.
I think it's because the gov't are greedy motherf***ers and are getting a lot more gas than what they're telling us and just making us pay more for it.
Profiteering bast**ds!
Because the oil companies are greedy
Because the oil companies are greedy
Because the oil companies are greedy
We are too dependent on oil. The oil companies have us over a barrel.
Greed
if i did less for a month and then when i finally got off my lazy a55,i charged my costumers more,and told them if i get enough orders i might drop the price slightly, i wouldn't get much work!Why have oil prices stayed so high?
The people who say it's because the oil companies are greedy, are living on a different planet, and haven't got a clue what they're talking about.
The oil price is high for several reasons, but mainly due to the organisation called OPEC controlling the majority of the world's supply. When the oil price starts to fall, they decide amongst themselves to cut production, reducing the supply. They artificially create the situation where there is high demand but low supply.
The relationship between Russia and the rest of the world also affects oil price. Russia are the 2nd biggest oil producer, and are not afraid to cut the fuel supply off to their European neighbours. This uncertainty affects the price of oil.
Throw in the relationship between Iran and the West - uncertainty again.
The war in Iraq affects oil price, and to a certain degree terrorism can have an effect too.
Oil companies make very little profit for a gallon of petrol - that margin would not be sustainable and viable in any other industry.
Why have oil prices stayed so high?
Oil prices are not high. As a matter of fact, on Friday they slid below $100 a barrel - but the prices at the pump have not gone down in the same ratio as the prices went up. When we were at $100 a barrel the gas just barely made it to $3 a gallon.
None of the Houston oil shipping channels were damaged by IKE the prices of gas should not go up, but it will
as others have said because the oil companies are greedy but i see the price of oil has now dropped to it's lowest since april http://www.ft.com/cms/s/0/c2c0e5d6-7e99-鈥?/a> so i wonder how long before the oil companies reduce the price at the pump will be interesting to see
There is this small little organization that you may have heard of called OPEC. They have decided to cut the amount of oil sold on the market. Add fears of interruptions due to hurricane Ike, and you will have the reason why prices at the pump are going back up.
I think it's because the gov't are greedy motherf***ers and are getting a lot more gas than what they're telling us and just making us pay more for it.
Profiteering bast**ds!
Because the oil companies are greedy
Because the oil companies are greedy
Because the oil companies are greedy
We are too dependent on oil. The oil companies have us over a barrel.
Greed
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