what do ya think.If it is for oil.........Why does oil prices keep going up so much?
bush.. and the saudi's and the oil companys are all in bed together..
iraq was not invaded to lower oil prices.. but to keep 1/5 the worlds oil off the market.. so that bush and his friends would make the record profits they are making now.
you want lower oil prices.. get rid of the corrupt dictatorship in saudi arabia.. and get rid of the bushsIf it is for oil.........Why does oil prices keep going up so much?
It's to ensure that oil companies can continue to deliver oil to America and other places, not to keep oil prices down for any consumer. It's always been that way, and always will be that way.
The best way to get over it is to save your money, rather than buying a flat screen TV or a fancy car that gets poor gas mileage. Then use the money to buy stock shares in oil companies.
Accept what we can't change. Change what we can.
Oil prices are going up because the planet is beyond peak oil production and we are on the second half of the remaining world reserves. As such, the prices will continue to rise as the demand goes up and the supply diminishes.
Google ';peak oil'; for an eye-opener.
That being said, any tax holiday is better than NOTHING and Obama is an elitist *** hole for saying otherwise.
More people from other countries are demanding it, so the prices rise. Countries, like China for example, didn't use much oil before. The country as a whole is coming out of poverty and expanding. Oil is also becoming harder to find, so there is less supply for the demand.
If what is for oil? The war?
Honestly at this point, all I want to know is, why I saw a news story on a small trucking company in Arizona crossing the border and paying less than half of the US price for diesel.
Gas there is still about 2.37 too, WHY?
It's definately not our 18 cent tax.
If US does not protect oil interest in Middle East, world oil price will be much, much higher by now.
bush and the arabs..
The rich and the big Corporations benefit - not the average middle class American...
Wednesday, April 28, 2010
At what price per barrel should USA actually invade and take control of the oil supply!?!?!?
Dems/Libs were screaming oil from day one......show me the oil.At what price per barrel should USA actually invade and take control of the oil supply!?!?!?
Answering your original question: We
have already done this and are still
trying to take permanent control of the
Iraqi's oil. There's multi-millions still
left in the ground for us to steal.At what price per barrel should USA actually invade and take control of the oil supply!?!?!?
We just need to open ANWAR for drilling that would solve our problems
30 dollars ago
I don't think fighting wars is the solution,look at how much oil/energy is used to do this.Not to mention the lives of our soldiers and any civilians,but then again maybe killing people off is the plan..
Cause look how well it has worked out for us thus far!
OMG LETS ALL USED CAPS TO SHOW EVERYONE HOW UNHINDGED WE ARE!!!%26gt;!%26gt;!%26gt;!%26gt;??
As the world heads towards mercantilism, the price will grow exponentially.
That is why we should be investing in alternative energy sources YESTERDAY!
As a conservative who believes in free trade, I do not support invading countries to get prices lowered. Wars cost too much, and it isn;t free trade, if supply and demand cannot determine pricing.
I'M CONFUSED. I THOUGHT THIS WAR WAS FOR OIL?
does price really matter
Whatever it was when we invaded Iraq!
Well, we know THAT doesn't work, don't we. Why do you think the wingnut in the White House invaded Iraq? It was for control of the oilfields....so far, that ain't workin', is it.
The US does not need to take control of the oil supply and it will not try. The beauty of capitalism is that once the cost of oil goes above the cost of alternative fuels, we will start using alternative fuels (because they will be cost effective, unlike they are know) and will reduce our use of oil.
The war in Iraq was never about oil, the US is not making any profit off of Iraqi oil. The Iraqi oil profits are going to the people of Iraq.
Anwar has enough oil to supply one percent of our needs for 20 years...we can barely stabilize pipelines in Iraq, what makes you idiots think we could do it anywhere else.biore blackheads
Answering your original question: We
have already done this and are still
trying to take permanent control of the
Iraqi's oil. There's multi-millions still
left in the ground for us to steal.At what price per barrel should USA actually invade and take control of the oil supply!?!?!?
We just need to open ANWAR for drilling that would solve our problems
30 dollars ago
I don't think fighting wars is the solution,look at how much oil/energy is used to do this.Not to mention the lives of our soldiers and any civilians,but then again maybe killing people off is the plan..
Cause look how well it has worked out for us thus far!
OMG LETS ALL USED CAPS TO SHOW EVERYONE HOW UNHINDGED WE ARE!!!%26gt;!%26gt;!%26gt;!%26gt;??
As the world heads towards mercantilism, the price will grow exponentially.
That is why we should be investing in alternative energy sources YESTERDAY!
As a conservative who believes in free trade, I do not support invading countries to get prices lowered. Wars cost too much, and it isn;t free trade, if supply and demand cannot determine pricing.
I'M CONFUSED. I THOUGHT THIS WAR WAS FOR OIL?
does price really matter
Whatever it was when we invaded Iraq!
Well, we know THAT doesn't work, don't we. Why do you think the wingnut in the White House invaded Iraq? It was for control of the oilfields....so far, that ain't workin', is it.
The US does not need to take control of the oil supply and it will not try. The beauty of capitalism is that once the cost of oil goes above the cost of alternative fuels, we will start using alternative fuels (because they will be cost effective, unlike they are know) and will reduce our use of oil.
The war in Iraq was never about oil, the US is not making any profit off of Iraqi oil. The Iraqi oil profits are going to the people of Iraq.
Anwar has enough oil to supply one percent of our needs for 20 years...we can barely stabilize pipelines in Iraq, what makes you idiots think we could do it anywhere else.
How high will oil prices go?
Oil prices will never stop going up because we are running out of it. It goes up by about 2.6% each year.How high will oil prices go?
As long as demand outpaces supply
As long as demand outpaces supply
How high will oil prices go?
Oil prices will never stop going up because we are running out of it. It goes up by about 2.6% each year.How high will oil prices go?
As long as demand outpaces supply
As long as demand outpaces supply
In these times of high oil prices, is there any more oil exploration planned?or, has it run out ??
In USA and UK at present there is no oil exploration.They have identified oil resources but will not be refining now.The policy is of conserving oil.But oil exploration is continueing in China,India,Africa,Indian Ocean,Bombay-high etc.
The increasing oil price is due to increase in oil consumption,OPEC monopolistic policies and US stand of meeting oil needs through import,instead of increased internal oil production.
But your question is valid.Oil will not last for ever.We have to find out non-oil based public transport system,solar vehicles etc.We have to encourage use bi cycle for short trips,school children etc.It will save oil and increase health.There should be a plan to have all personal transportation only by non oil based vehicles/conveyance by 2010.In these times of high oil prices, is there any more oil exploration planned?or, has it run out ??
Believe me its not running otu but this should have happened long time ago our dear friends saudias are being ugly and trying to get us to pay more and they will soon probably be stopped by us not buying from them any more it takes time but we've had technology to change for long time and we have gas for years to come its just we're not using out stuff but we have it. take care it can't get too much worse. remember overseas its higher then a kite now.In these times of high oil prices, is there any more oil exploration planned?or, has it run out ??
I think more exploration should be incouraged. Brazil found a giant oilfield off of their coast so we know we are not close to running out. As stated already, some manipulation is taking place.
I think it is going on (oil exploration) all the time
There is still a lot of oil, we are being manipulated. Bad times ahead.
The increasing oil price is due to increase in oil consumption,OPEC monopolistic policies and US stand of meeting oil needs through import,instead of increased internal oil production.
But your question is valid.Oil will not last for ever.We have to find out non-oil based public transport system,solar vehicles etc.We have to encourage use bi cycle for short trips,school children etc.It will save oil and increase health.There should be a plan to have all personal transportation only by non oil based vehicles/conveyance by 2010.In these times of high oil prices, is there any more oil exploration planned?or, has it run out ??
Believe me its not running otu but this should have happened long time ago our dear friends saudias are being ugly and trying to get us to pay more and they will soon probably be stopped by us not buying from them any more it takes time but we've had technology to change for long time and we have gas for years to come its just we're not using out stuff but we have it. take care it can't get too much worse. remember overseas its higher then a kite now.In these times of high oil prices, is there any more oil exploration planned?or, has it run out ??
I think more exploration should be incouraged. Brazil found a giant oilfield off of their coast so we know we are not close to running out. As stated already, some manipulation is taking place.
I think it is going on (oil exploration) all the time
There is still a lot of oil, we are being manipulated. Bad times ahead.
In regards to the price of gas, would releasing some of the nation's oil reserves help the economy ?
It might be a short term solution...but really...the high price of gas is the impetus to move away from petroleum fuels. Lower the prices, and perpetuate the dependency.In regards to the price of gas, would releasing some of the nation's oil reserves help the economy ?
My Dear Tomjohn: As long as George Bush is the president of USA, and Chenny as a V/President, don't expect the gas price will go down soon. Because, they are in business for the generation. They want to get more profit using their status and creating artificial shortage of gas/oil.
Believe it or not,Tomjohn, this is a class struggle in the making. The poor become poorer and the riches become rich and the middle class disappear. So, to think George Bush will betray his class and will come to save the middle class and the poor classes is to be very naive. Please wake up and smell of your star buck coffee. Thank you in advance for your understanding !In regards to the price of gas, would releasing some of the nation's oil reserves help the economy ?
We have plenty of oil, we have no refineries. The economy is booming so more oil will not help it grow. If you doubt the status of the economy just check the DOW, it's just under 14,000.
We rely on petroleum for more than just cars. To ease the burden on petroleum, try using less electricity or buying food from local farmer's markets (particularly now that it is winter).
No, because they would have to buy it back sometime....
And just what is wrong with the economy the way it is? If the government would stop helping it, and us, that would help the economy in the long run.
No, it has nothing to do with oil reserves, and everything to do with the capacity to refine it into gasoline, and supply and demand as well as speculation. Its capitalism. There hasn't been a refinery built in the United States since the early 1970's, but 1/3 as many cars on the road since that time. Unless we get going and build more refineries, this will continue to be a problem.
My Dear Tomjohn: As long as George Bush is the president of USA, and Chenny as a V/President, don't expect the gas price will go down soon. Because, they are in business for the generation. They want to get more profit using their status and creating artificial shortage of gas/oil.
Believe it or not,Tomjohn, this is a class struggle in the making. The poor become poorer and the riches become rich and the middle class disappear. So, to think George Bush will betray his class and will come to save the middle class and the poor classes is to be very naive. Please wake up and smell of your star buck coffee. Thank you in advance for your understanding !In regards to the price of gas, would releasing some of the nation's oil reserves help the economy ?
We have plenty of oil, we have no refineries. The economy is booming so more oil will not help it grow. If you doubt the status of the economy just check the DOW, it's just under 14,000.
We rely on petroleum for more than just cars. To ease the burden on petroleum, try using less electricity or buying food from local farmer's markets (particularly now that it is winter).
No, because they would have to buy it back sometime....
And just what is wrong with the economy the way it is? If the government would stop helping it, and us, that would help the economy in the long run.
No, it has nothing to do with oil reserves, and everything to do with the capacity to refine it into gasoline, and supply and demand as well as speculation. Its capitalism. There hasn't been a refinery built in the United States since the early 1970's, but 1/3 as many cars on the road since that time. Unless we get going and build more refineries, this will continue to be a problem.
USA established diplomatic realtion with Libya. Is this fluenced by the current upsurge in oil prices?
The crises in Bagdad and the nuclear dispute with Iran seems to contribute to the high oil price. The visit by Blair to Libya also put US under pressure to reward LIbya. I think this move is also to encourage Iran to follow Libya's example. This has more to do with US interest not policyUSA established diplomatic realtion with Libya. Is this fluenced by the current upsurge in oil prices?
no i dont think so ,i think it is amessage to other countries , which means 2 be with us or against usUSA established diplomatic realtion with Libya. Is this fluenced by the current upsurge in oil prices?
USA has to fulfill it's self interest and if this interest includes having a good diplomatic relation with Libya then US will have to do it.
I think the current diplomatic relation with Libya is due to the rising oil prices which has forced US to find elsewhere for it's big oil consumption.
yes it is.
no i dont think so ,i think it is amessage to other countries , which means 2 be with us or against usUSA established diplomatic realtion with Libya. Is this fluenced by the current upsurge in oil prices?
USA has to fulfill it's self interest and if this interest includes having a good diplomatic relation with Libya then US will have to do it.
I think the current diplomatic relation with Libya is due to the rising oil prices which has forced US to find elsewhere for it's big oil consumption.
yes it is.
Gas and Oil prices this year?
$145/barrel =$4.35/gal earlier this year. Now today(9/16/2008) $91.50/barrel=$4.25gal. Are we being duped or what here? I noticed when the price of oil was going up daily months ago, these gas station owners were out adjusting/increasing their prices before the stock exchange even closed. If the price is falling(like now), they wait weeks to adjust. What gives! Gas and Oil prices this year?
Profits its not the Station owners its the greedy Gas Companies trying to make massive profits from us because the CEO is paid a percentage of the profit gains.
For every $1.00 USD a barrel it directly affects the pump price by $0.01 cents a litre. So a fall of $44 USD should have seen a fall of $0.44 cents per litre, so if you were paying $4.35 at $145 a barrel it should only be $2.59 now because a US gallon is equivalent to 4 litres. In other words they are overcharging you $1.66 a US gallon.
No wonder the economy and everyone is being affected.
Gas and Oil prices this year?
Yeap. I don't know how they won that lawsuit about price gouging. It's unbelievable!
Also, congress had to vote for off-shore drilling here (the day everyone freaked out about gas going up.) I'm worried that it was approved since the price just dropped down.
if oil was free they still would charge Over $4 a gallon Only then they would claim to do research with the money.
its gouging.. pure and simple.colorsilk revlon
Profits its not the Station owners its the greedy Gas Companies trying to make massive profits from us because the CEO is paid a percentage of the profit gains.
For every $1.00 USD a barrel it directly affects the pump price by $0.01 cents a litre. So a fall of $44 USD should have seen a fall of $0.44 cents per litre, so if you were paying $4.35 at $145 a barrel it should only be $2.59 now because a US gallon is equivalent to 4 litres. In other words they are overcharging you $1.66 a US gallon.
No wonder the economy and everyone is being affected.
Gas and Oil prices this year?
Yeap. I don't know how they won that lawsuit about price gouging. It's unbelievable!
Also, congress had to vote for off-shore drilling here (the day everyone freaked out about gas going up.) I'm worried that it was approved since the price just dropped down.
if oil was free they still would charge Over $4 a gallon Only then they would claim to do research with the money.
its gouging.. pure and simple.
Are gas prices, oil profiteers signs of economic terrorism?
No question about it. OPEC is primarily responsible for price fixing. In America, our own government puts so many restrictions on oil companies that they can't increase the number of refineries. And, of course, we the people suffer.Are gas prices, oil profiteers signs of economic terrorism?
Yes!Are gas prices, oil profiteers signs of economic terrorism?
I guess so.
According to what I hear... anyone who profits from anything is a terrorist!
Yes!Are gas prices, oil profiteers signs of economic terrorism?
I guess so.
According to what I hear... anyone who profits from anything is a terrorist!
Do you think that high oil prices are hurting saudis?
The rise in oil prices has increased their income by how many percent? And you asked if it is hurting them.........My boss gave me a raise last week.....It is so painful to accept my check now!Do you think that high oil prices are hurting saudis?
yes, especially when it started to get over 60 dollars
cost of living is increasing, while the income (for people based on salary) didnt increase in same proportionDo you think that high oil prices are hurting saudis?
Thats what some say. I dont think so.
Much of the rise isnt even real, its just the prices adjusting to the new weak US dollar.
Yes lots of liquidity can cause inflation but theres many other reasons.
I think if they're quick, smart, and trasparent in decision making, there shouldnt be any problems.
yes, especially when it started to get over 60 dollars
cost of living is increasing, while the income (for people based on salary) didnt increase in same proportionDo you think that high oil prices are hurting saudis?
Thats what some say. I dont think so.
Much of the rise isnt even real, its just the prices adjusting to the new weak US dollar.
Yes lots of liquidity can cause inflation but theres many other reasons.
I think if they're quick, smart, and trasparent in decision making, there shouldnt be any problems.
Oil & Gas prices are really frustrating me, how do people make enough $$ to pay for huge houses & SUVs?
Budget and manage finances as best you can!
Forunately, my husband is the only one who works and my 3y/o rides the school bus so we're only paying $55 a week on his car to run.
If my car needs filling up it takes $25 for half a tank.
We have Dodge Town and Countrys and the gas mileage is fantastic!
I hate Ford, i'm more for Chevy's but the gas mileage is great even if the transmission doesn't last 7 years lol.
My husbadn actually has to work 6 days a week and 11 hours a day just for us to make ends meet at times, mainly when gas prices rocket! But you do what you got to do!Oil %26amp; Gas prices are really frustrating me, how do people make enough $$ to pay for huge houses %26amp; SUVs?
They don't. Ever see that commercial where this guy talks about all the cool stuff he has and asks, ';How do I do it? I'm in debt up to my eyeballs.';
That's people in the McMansions and the Ego Vehicles.Oil %26amp; Gas prices are really frustrating me, how do people make enough $$ to pay for huge houses %26amp; SUVs?
If you want the big toys, you gotta work hard for them.....
they work four jobs.
Forunately, my husband is the only one who works and my 3y/o rides the school bus so we're only paying $55 a week on his car to run.
If my car needs filling up it takes $25 for half a tank.
We have Dodge Town and Countrys and the gas mileage is fantastic!
I hate Ford, i'm more for Chevy's but the gas mileage is great even if the transmission doesn't last 7 years lol.
My husbadn actually has to work 6 days a week and 11 hours a day just for us to make ends meet at times, mainly when gas prices rocket! But you do what you got to do!Oil %26amp; Gas prices are really frustrating me, how do people make enough $$ to pay for huge houses %26amp; SUVs?
They don't. Ever see that commercial where this guy talks about all the cool stuff he has and asks, ';How do I do it? I'm in debt up to my eyeballs.';
That's people in the McMansions and the Ego Vehicles.Oil %26amp; Gas prices are really frustrating me, how do people make enough $$ to pay for huge houses %26amp; SUVs?
If you want the big toys, you gotta work hard for them.....
they work four jobs.
Should we use wheat and corn(to fight oil prices)?
like the middle east uses oil? it is a strategic product of the USA. our midwest is the bread basket of the world after all. should we use it as a political tool?Should we use wheat and corn(to fight oil prices)?
What do you think is driving up the price of food now? Corn is being converted to ethanol and NOT being canned/shipped to stores/used as feed for poultry and livestock.Should we use wheat and corn(to fight oil prices)?
There are many other countries that grow and market corn and wheat on the world wide market. Namely China, India, and Russia. Only 16% or the worlds wheat production comes from the US and Canada. To use wheat as a economic tool against the oil countries would have to be a world wide effort. Corn would be similar.
There are domestic consequences. Remember Carter's grain embargo? It led to widespread decline in agricultural land prices and a credit crisis in rural America.
I'm not saying we shouldn't put more thought into our trade policy. We should. But, I'm just saying we shouldn't make the same mistakes again.
No. Ethanol is an inefficient fuel because it takes more energy to produce it than you get out of it. This would alos drive up food prices.
We should start drilling in ANWR and drilling offshore. We should also start using all of the coal we have to make fuel.
Congress should quit making regulations on how our gas should be made. They are making matters much worse.
Actually, Saudi Arabia focused intensive research on crop production and now stands as a net exporter of crops.
But, if we quit providing military protection to everyone, that would cause many countries to scale back on development and commit resources to their own security.
Look, this idea has been tried, and it has resulted in severe food shortages in Hatti and Africa.
We have to find another way. We are going to have to do some new drilling, in spite of the environmental issues.
It would work only if farmers were encouraged to buy more land to grow the stuff in order to meet supply and demand.
In the short term prices would go up as farmers pay for the new land and equipment.
We should do something!
But I don't know if that would work. I think going 100% solar, wind and atomic would be the best way to fight oil prices.
The arabs can then use their oil for K-Y Jelly for all I care.
No, That simply ups the cost of food and all food products. It's a lose lose.
I like that idea.
What do you think is driving up the price of food now? Corn is being converted to ethanol and NOT being canned/shipped to stores/used as feed for poultry and livestock.Should we use wheat and corn(to fight oil prices)?
There are many other countries that grow and market corn and wheat on the world wide market. Namely China, India, and Russia. Only 16% or the worlds wheat production comes from the US and Canada. To use wheat as a economic tool against the oil countries would have to be a world wide effort. Corn would be similar.
There are domestic consequences. Remember Carter's grain embargo? It led to widespread decline in agricultural land prices and a credit crisis in rural America.
I'm not saying we shouldn't put more thought into our trade policy. We should. But, I'm just saying we shouldn't make the same mistakes again.
No. Ethanol is an inefficient fuel because it takes more energy to produce it than you get out of it. This would alos drive up food prices.
We should start drilling in ANWR and drilling offshore. We should also start using all of the coal we have to make fuel.
Congress should quit making regulations on how our gas should be made. They are making matters much worse.
Actually, Saudi Arabia focused intensive research on crop production and now stands as a net exporter of crops.
But, if we quit providing military protection to everyone, that would cause many countries to scale back on development and commit resources to their own security.
Look, this idea has been tried, and it has resulted in severe food shortages in Hatti and Africa.
We have to find another way. We are going to have to do some new drilling, in spite of the environmental issues.
It would work only if farmers were encouraged to buy more land to grow the stuff in order to meet supply and demand.
In the short term prices would go up as farmers pay for the new land and equipment.
We should do something!
But I don't know if that would work. I think going 100% solar, wind and atomic would be the best way to fight oil prices.
The arabs can then use their oil for K-Y Jelly for all I care.
No, That simply ups the cost of food and all food products. It's a lose lose.
I like that idea.
Now that the price per barrel for sweet crude oil has dropped another?
four dollars a barrel (dropping the price $20 in the last week or so) due to a sell off by speculators, and all the headlines in the liberal press and elsewhere attributing the sell off by speculators for the decrease in price, as well as, now, attributing the rise in prices previously to speculators, and given the fact that the democrats to this day refuse to lift the ban on oil companies drilling for oil, are the libs still going to blame Bush for driving up the oil in the first place, or will they acknowledge the truth that Bush had nothing to do with the rise of the price of oil at all and it is really the congressional policies against drilling as well as speculators that drove up the price of oil (as well as obviously the economics of supply and demand? )Now that the price per barrel for sweet crude oil has dropped another?
Well as insane supply side Republican economics catch up to us from the 80`s we now do not make what we consume. Republicans gave away our industrial might starting with Reagan lifting tariffs and now China needs the oil it takes to run our industrial might. Maybe if the oil companies use the wells they already have capped off we would not need to drill. P.S. Clinton signing the Republican NAFTA agreement did not help.colorsilk revlon
Well as insane supply side Republican economics catch up to us from the 80`s we now do not make what we consume. Republicans gave away our industrial might starting with Reagan lifting tariffs and now China needs the oil it takes to run our industrial might. Maybe if the oil companies use the wells they already have capped off we would not need to drill. P.S. Clinton signing the Republican NAFTA agreement did not help.
Oil prices before, during and after president Bush?
Oil prices before, during and after the Democrat controlled congress elected in 2006?Oil prices before, during and after president Bush?
Oil prices at Bush's inauguration: $28.66 a barrel
Today: $137 a barrel, and rising
Coincidence???
Even the OPEC oil folks are saying there is no shortage of oil, nor is there a higher than usual demand, and they themselves are puzzled at the rate of increase.Oil prices before, during and after president Bush?
In Janurary 2001, oil cost $28.66a barrel
In Janurary 2007, oil cost $46.53 a barrel
The democratic party gained control of congress in janurary 2007
In June 2008, oil cost $138.00 a barrel
......................................鈥?br>
I actually heard a reporter on TV tonight, claim that more windmills, would mean the US would use less imported oil.
I just wonder, was she planning on having a windmill powered car ?
Did the Dem's say in the 06 elections that they would fix the high gas prices. Well they did their usual great job the price jumped 60% The party of good intentions and bad results strikes again when will you learn and stop listening to what is said and judge outcomes
I can remember during the late 1990s gasoline being at one point under a dollar. Today After this country has been almost ruined by the Bush administration I saw a gas station that had premium gasoline within 12 cents of 5 dollars.
At Bush's 1st inauguration gas was $1.46 a gallon, by his 2nd term it was $1.84, and now at the end of his presidency it looks like probably $5.00 a gallon, not bad for an ';honest'; Texas oilman
Good question... Thanks for the +2
Oil prices at Bush's inauguration: $28.66 a barrel
Today: $137 a barrel, and rising
Coincidence???
Even the OPEC oil folks are saying there is no shortage of oil, nor is there a higher than usual demand, and they themselves are puzzled at the rate of increase.Oil prices before, during and after president Bush?
In Janurary 2001, oil cost $28.66a barrel
In Janurary 2007, oil cost $46.53 a barrel
The democratic party gained control of congress in janurary 2007
In June 2008, oil cost $138.00 a barrel
......................................鈥?br>
I actually heard a reporter on TV tonight, claim that more windmills, would mean the US would use less imported oil.
I just wonder, was she planning on having a windmill powered car ?
Did the Dem's say in the 06 elections that they would fix the high gas prices. Well they did their usual great job the price jumped 60% The party of good intentions and bad results strikes again when will you learn and stop listening to what is said and judge outcomes
I can remember during the late 1990s gasoline being at one point under a dollar. Today After this country has been almost ruined by the Bush administration I saw a gas station that had premium gasoline within 12 cents of 5 dollars.
At Bush's 1st inauguration gas was $1.46 a gallon, by his 2nd term it was $1.84, and now at the end of his presidency it looks like probably $5.00 a gallon, not bad for an ';honest'; Texas oilman
Good question... Thanks for the +2
Are there any of you that actually believes that price fixing doesn't exist in big oil ?
or That the Bush administration hasn't profited from it ?Are there any of you that actually believes that price fixing doesn't exist in big oil ?
Whenever someone believes in something, he/she should be able to back it up with valid reasons as to why they believe what they do.
To all who believe there is no grossly inflated price manipulation in the oil industry, I would ask how they explain the ENORMOUS profits of this industry since Katrina occurred. Go ahead, I'm listening.Are there any of you that actually believes that price fixing doesn't exist in big oil ?
';price fixing'; can only occur at the opec level, and is generally subdued due to the profit motive. Once sold by an opec country, oil is bought and traded on the open market, and collusion is difficult to come by.
Of course there is price fixing in big oil!!
The USA elected 2 failed oilmen....we should expect nothing less.
Do you really think the Congress and all of the media could not have proven that by now if it was true? Oil is a commodity traded on the open market just like oranges or wheat and the price is determined by the markets, not oil companies. And oil company profits are right in line with other business, the dollar figures are higher because it's a huge industry, but by percentages, big oil makes profits in the same range with McDonalds or any other major company. You should spend more time dealing with the real world and less time trying to prove conspiracy theories that don't even begin to be true.
And to LeAnn below, you are the ones making the accusation so it's up to you to prove it, not for us to disprove something that isn't true. You can't prove a negative.
The Bush administration certainly benefitted to an extent, but Bush and Cheney personaly collected huge profits ..
Whenever someone believes in something, he/she should be able to back it up with valid reasons as to why they believe what they do.
To all who believe there is no grossly inflated price manipulation in the oil industry, I would ask how they explain the ENORMOUS profits of this industry since Katrina occurred. Go ahead, I'm listening.Are there any of you that actually believes that price fixing doesn't exist in big oil ?
';price fixing'; can only occur at the opec level, and is generally subdued due to the profit motive. Once sold by an opec country, oil is bought and traded on the open market, and collusion is difficult to come by.
Of course there is price fixing in big oil!!
The USA elected 2 failed oilmen....we should expect nothing less.
Do you really think the Congress and all of the media could not have proven that by now if it was true? Oil is a commodity traded on the open market just like oranges or wheat and the price is determined by the markets, not oil companies. And oil company profits are right in line with other business, the dollar figures are higher because it's a huge industry, but by percentages, big oil makes profits in the same range with McDonalds or any other major company. You should spend more time dealing with the real world and less time trying to prove conspiracy theories that don't even begin to be true.
And to LeAnn below, you are the ones making the accusation so it's up to you to prove it, not for us to disprove something that isn't true. You can't prove a negative.
The Bush administration certainly benefitted to an extent, but Bush and Cheney personaly collected huge profits ..
Stocks, oil, real estate, and metals are cheaper than thier respective peak prices. What is the problem now ?
Why is everyone nervous? It looks like this would be better time to buy
home at cheaper price.Stocks, oil, real estate, and metals are cheaper than thier respective peak prices. What is the problem now ?
THAT IS A FACT: This is the best time to buy - the problem is: We
need all the cash we can get. If we spend it now, something may
happen and we will be screwed because we will not be able to borrow.
This is the law of supply and demand. Although there is a lot of supply
the demand is low. The demand goes lower if the available funds on
hand go lower (unemployment increase).
When 50% of the cars are taken off the road, price of Oil will nose
dive. Jobs will also cease to be available. Credit will dry up ';CASH
IS KING';.
The sooner you switch to a cash-less society, the sooner you will
recover from this economic down turn.Stocks, oil, real estate, and metals are cheaper than thier respective peak prices. What is the problem now ?
OMG! LOL!!!
A cashless society is the solution? Maybe if you are talking about gold but not digicurrencies. Overnight the govt would devalue them with a keystroke! Stocks are down because they are overpriced just like real estate. Metals are cheap because of heavy govt intervention. The dollar is being crushed. Stocks have done nothing (inflation adjusted) since Bush took office - EVEN AT THEIR HIGH of over 14,000 on the DOW. Bonds are going to get pounded next. Real Estate isn't done correcting. You need to understand we are not heading into a recession we are already in it. What the govt types don't want to mention is the possibility of the D-word. Depression. That is the panic going on right now. The problem is that the solutions that are being touted are bailouts to the idiots that caused the mess which are allowed to walk away from their mistakes unscathed and with the opportunity to actually profit from it and to keep all the billions that they raked in and gave to themselves while sticking us with the bill. And believe me you will have to pay in the form of a hidden tax known as INFLATION! In order to pay for this they are going to have to create dollars out of thin air by just creating them. The more dollars that there are the less that they are worth so people raise their prices. OUCH! Gold moves relative to the phoney money and preserves the value of it. Its mess right now but its only going to get uglier. This is just the beginning. $700 billion - HAH! When have they gotten it right yet? That's a starting point. This is going into the high trillions maybe even to a quadrillion. The Masters of the Universe have tried to become gods themselves. The fooled us and moreover they fooled themselves into believing their own lies.
home at cheaper price.Stocks, oil, real estate, and metals are cheaper than thier respective peak prices. What is the problem now ?
THAT IS A FACT: This is the best time to buy - the problem is: We
need all the cash we can get. If we spend it now, something may
happen and we will be screwed because we will not be able to borrow.
This is the law of supply and demand. Although there is a lot of supply
the demand is low. The demand goes lower if the available funds on
hand go lower (unemployment increase).
When 50% of the cars are taken off the road, price of Oil will nose
dive. Jobs will also cease to be available. Credit will dry up ';CASH
IS KING';.
The sooner you switch to a cash-less society, the sooner you will
recover from this economic down turn.Stocks, oil, real estate, and metals are cheaper than thier respective peak prices. What is the problem now ?
OMG! LOL!!!
A cashless society is the solution? Maybe if you are talking about gold but not digicurrencies. Overnight the govt would devalue them with a keystroke! Stocks are down because they are overpriced just like real estate. Metals are cheap because of heavy govt intervention. The dollar is being crushed. Stocks have done nothing (inflation adjusted) since Bush took office - EVEN AT THEIR HIGH of over 14,000 on the DOW. Bonds are going to get pounded next. Real Estate isn't done correcting. You need to understand we are not heading into a recession we are already in it. What the govt types don't want to mention is the possibility of the D-word. Depression. That is the panic going on right now. The problem is that the solutions that are being touted are bailouts to the idiots that caused the mess which are allowed to walk away from their mistakes unscathed and with the opportunity to actually profit from it and to keep all the billions that they raked in and gave to themselves while sticking us with the bill. And believe me you will have to pay in the form of a hidden tax known as INFLATION! In order to pay for this they are going to have to create dollars out of thin air by just creating them. The more dollars that there are the less that they are worth so people raise their prices. OUCH! Gold moves relative to the phoney money and preserves the value of it. Its mess right now but its only going to get uglier. This is just the beginning. $700 billion - HAH! When have they gotten it right yet? That's a starting point. This is going into the high trillions maybe even to a quadrillion. The Masters of the Universe have tried to become gods themselves. The fooled us and moreover they fooled themselves into believing their own lies.
Why are oil prices dropping so rapidly?
In fact oil price was raised artificially.Now when entire world is passing through a very deep recession and real economy is sharply effected, demand of oil considerably decreased.No one can predict for how long it will continue.It is main reason for rapid dropping of oil prices.Why are oil prices dropping so rapidly?
My dad works at BP oil refinery. He told me the drop in oil prices is mainly due to the economy because of the change at hand with the president. He said the prices are stablized right now and should be that way for a while but its mainly cuz of George W leaving office and the oil companies' tie in's with him. Why are oil prices dropping so rapidly?
The economy is unpredictable right now. The main reason why the barrel of crude oil drop from the $145 (4 months ago) to the mid 70's even 60's its the same reason why the Dow lost 2k points during the past 4 months as well. The economic crisis has place the entire world into a recession, if you notice when the Dow had (still does) days losing 500-700 points, the world markets were in trouble. The Oil Tycoons from Saudi Arabia have investments just like any the rest of the world has in the U.S economy (The U.S dollar is the universal currency btw) so they lost a lot of money due to the crisis. They need to regain losses, looking at 30-40% losses here for the big $ Guys. It does not have to do with Bush leaving office (he started this mess in the first place) They need to sell more oil to regain capital money so the free market moves forward again. There are also a few key like the U.S drop in oil consuming (people dont have $$ and many are still scare of seen 4 gallon of oil) that forces Oil companies to drop the prices so people start consuming again.
P.S = kinda complicated but in conclusion.
Economy is bad - Global crisis around the markets
Oil tycoon in Saudi Arabia lost a lot of money with their investments (example City group needed a bail out last year, and it got it from Saudi Arabia oil industry)
Every economic ramification is on hold - no consumer spending leading to cheaper oil
For a number of reasons. People have slowed down on traveling and the U.S. has threatened to drill here in the states. A lot takes place behind closed doors that we don't know about.
1. Over the past couple of years, the US dollar has been dropping in value in relation to the other currencies. This results in more expensive imports. Following the economic collapse, the world rallied behind the US dollar, which increased in value significantly overnight.
2. The world is broke. People in the US haven't decreased oil consumption all that much, since we need it to do anything. People in Europe and Asia, however, have decreased oil use significantly. The law of supply and demand dictates that if demand decreases, then prices drop.
3. Oil prices always drop a bit during the presidential elections. Low prices helped the republican party's chances of winning.
Well, for starters, summer is over, so people are driving less. The economy is in the dumps, so people are buying less, meaning less products are being shipped (via truck, train, etc.). People were hit hard by the $4 gas, and some of them actually switched to more fuel efficient cars.
The price seems to have leveled out a bit for now. When it gets colder and more oil is used for heating oil, we'll see what the price goes to (though this typically has more of an impact on diesel prices than gas, as fuel oil is manufactured at diesel refineries).
If we stop shipping food to the middle east do you think oil prices will drop?
I don't thnk t will have an impact and many US businesses that export will have financial problems. The middle east can buy products through other avenues to get what they need.
On the other hand, the US has more oil, but many coastal areas that have oil, do not want to have the problems and the ugliness associated with oil riggers. I live in a city that voted down oil digging off te coast of South CarolinaIf we stop shipping food to the middle east do you think oil prices will drop?
I don't know, but we need to do something before a gallon of gas is more expensive than the vehicle it is being put into.If we stop shipping food to the middle east do you think oil prices will drop?
What about Italy? Germany? Russia? I would imagine if farmers (already strapped in this country) would do something as foolish as limiting exports, those other aforementioned countries would pick up the slack sending food.
What makes you think we are shipping food to the middle east? Most of the stuff I see in the store acros the street is imported from Central andSouth America.
I doubt it.
There are plenty of other buyers for the oil, and plenty of other sources to buy food. Oil prices are higher because more countries are increasing their use of oil.
And it isn't just pumping the oil, it's also not having enough refinaries that is raising the prices.
As long as we in the US burn through barrels of oil as if there were an endless, and harmless, supply then we will be at the mercy of whatever the fuel companies chose to charge us.....domestic and foreign fuel companies.
maybe if we use it as a negotiating tactic to lower oil prices, not sure.
On the other hand, the US has more oil, but many coastal areas that have oil, do not want to have the problems and the ugliness associated with oil riggers. I live in a city that voted down oil digging off te coast of South CarolinaIf we stop shipping food to the middle east do you think oil prices will drop?
I don't know, but we need to do something before a gallon of gas is more expensive than the vehicle it is being put into.If we stop shipping food to the middle east do you think oil prices will drop?
What about Italy? Germany? Russia? I would imagine if farmers (already strapped in this country) would do something as foolish as limiting exports, those other aforementioned countries would pick up the slack sending food.
What makes you think we are shipping food to the middle east? Most of the stuff I see in the store acros the street is imported from Central andSouth America.
I doubt it.
There are plenty of other buyers for the oil, and plenty of other sources to buy food. Oil prices are higher because more countries are increasing their use of oil.
And it isn't just pumping the oil, it's also not having enough refinaries that is raising the prices.
As long as we in the US burn through barrels of oil as if there were an endless, and harmless, supply then we will be at the mercy of whatever the fuel companies chose to charge us.....domestic and foreign fuel companies.
maybe if we use it as a negotiating tactic to lower oil prices, not sure.
How to reach the archives of the news on crude oil prices for the last 10 days?
I'm sure it can be done. The following link will get you 1/2 way there (5-day chart):colorsilk revlon
Why isn't anyone asking the Canidates what they are going to do about the price of corn, wheat and Oil??
Oil is at a all time high. Corn is almost at a all time high, Wheat has gone from $5 to $12 in one year. Does anyone ask what is Obama, Hillary or McCain going to do about this. Don't tell us it is going to take 10-20 years. Exxon has had their biggest year and the most money ever made by a U.S. company in a quarter just last year. So I think there are funds for this. Raise taxes but come up with a plan as we are making other countries rich. Brazil doesn't import any oil or use it. They only use ethanol from corn. But President Bush gave a state of the union speech which he promised alternatives. Well we now give subsidies for growing corn which has lead to farmers not growing wheat and growing corn. Ethanol takes an enormous amout of water to produce and we have water issues in many of our states. Like Atlanta which is fighting right now about other states using water. Do you think before we vote we might want to get some detailed answers about what affects all of us dailyWhy isn't anyone asking the Canidates what they are going to do about the price of corn, wheat and Oil??
We've subsidized corn production for decades, but ethanol production is just the reason why over the last couple of years it's shot up from $1.85 a bushel to over $4.00 a bushel. We overproduce corn anyway. None of the candidates had talked about a detailed agricultural policy and it would better serve them, and us, if they would do so.
They also haven't been too detailed when it comes to energy policy, none of the candidates, like most other American politicians want to face up to the hard truths about America's potentially disastrous energy problems.Why isn't anyone asking the Canidates what they are going to do about the price of corn, wheat and Oil??
Very good points. And yes, food prices are up - not just corn and wheat, but beef prices are going up weekly, and dairy, and everything else.
But you do have to understand the need to reduce our dependence on foreign oil - regardless of the short-term consequences. This doesn't just mean alternative fuels, we also need to conserve. And $4 per gallon gasoline will encourage a lot of conservation.
I would like to hear from the candidates on this issue as well, and I imagine we will as soon as the field narrows down to 2.
Because they are politicians not economists. Somehow people tend to think they are one in the same. It ultimately matters who the president puts in his cabinet.
Will it be yes men?
or will it be someone competent and knowledgable about their particular department?
We've subsidized corn production for decades, but ethanol production is just the reason why over the last couple of years it's shot up from $1.85 a bushel to over $4.00 a bushel. We overproduce corn anyway. None of the candidates had talked about a detailed agricultural policy and it would better serve them, and us, if they would do so.
They also haven't been too detailed when it comes to energy policy, none of the candidates, like most other American politicians want to face up to the hard truths about America's potentially disastrous energy problems.Why isn't anyone asking the Canidates what they are going to do about the price of corn, wheat and Oil??
Very good points. And yes, food prices are up - not just corn and wheat, but beef prices are going up weekly, and dairy, and everything else.
But you do have to understand the need to reduce our dependence on foreign oil - regardless of the short-term consequences. This doesn't just mean alternative fuels, we also need to conserve. And $4 per gallon gasoline will encourage a lot of conservation.
I would like to hear from the candidates on this issue as well, and I imagine we will as soon as the field narrows down to 2.
Because they are politicians not economists. Somehow people tend to think they are one in the same. It ultimately matters who the president puts in his cabinet.
Will it be yes men?
or will it be someone competent and knowledgable about their particular department?
If we start saying ';God bless the middle east';, will that help get the oil prices down?
Obviously saying ';God bless America'; isn't working. Maybe we should give this a chance.If we start saying ';God bless the middle east';, will that help get the oil prices down?
GOD BLESS THE MIDDLE EAST!If we start saying ';God bless the middle east';, will that help get the oil prices down?
Sorry. God has already cursed the Middle East. Can't fix that.
Oil itself is the curse. Notice how oil-exporting countries are **** holes even with the billions in oil revenue, and they're receding into the dark ages? There are rich tyrants in charge of the countries, and countless millions poor and undeveloped.
The murder, dictators, intolerance, hatred (for the west, democracy, freedom and Israel), backwards tyranny and Islamic fundamentalism have also had a factor in turning much of the middle east on a spiral of no return.
Maybe we should stop trying to focus his attention on any one group, take responsibility for ourselves, develop alternate sources of energy, and stop mucking up creation.
May god (or gods), have their blessings upon the middle east AND Venezuela (they do have large amount of oil and are closer).
Hahaha! How about we Americans say let's clear out all the politicians and vote for people that can put real a lid on oil prices.
I think it should be ';God bless Terra.';
Rev. Neil
Illuminati
Non-Territorial
It may help to change to the mindset of the middle east oil company.
I say we abandon the middle east and let Asia build us roofs with giant solar panels on them.
*laughing hysterically*
Good one!
I may try that! :D
Sure, then they'll think you're just loony instead of evil.
That Karen chick needs be sent to Canada.
GOD BLESS THE MIDDLE EAST...
MAKE MY DAY...YOU MADE ME LAUGH
GOD bless the oil countries 5X's A DAY.
PEACE
God Bless the Middle East
I'm an atheist. HOORAY FOR THE MIDDLE EAST!
I'll do it , what can it hurt
GOG BLESS THE MIDDLE EAST !!
GOD BLESS THE MIDDLE EAST!If we start saying ';God bless the middle east';, will that help get the oil prices down?
Sorry. God has already cursed the Middle East. Can't fix that.
Oil itself is the curse. Notice how oil-exporting countries are **** holes even with the billions in oil revenue, and they're receding into the dark ages? There are rich tyrants in charge of the countries, and countless millions poor and undeveloped.
The murder, dictators, intolerance, hatred (for the west, democracy, freedom and Israel), backwards tyranny and Islamic fundamentalism have also had a factor in turning much of the middle east on a spiral of no return.
Maybe we should stop trying to focus his attention on any one group, take responsibility for ourselves, develop alternate sources of energy, and stop mucking up creation.
May god (or gods), have their blessings upon the middle east AND Venezuela (they do have large amount of oil and are closer).
Hahaha! How about we Americans say let's clear out all the politicians and vote for people that can put real a lid on oil prices.
I think it should be ';God bless Terra.';
Rev. Neil
Illuminati
Non-Territorial
It may help to change to the mindset of the middle east oil company.
I say we abandon the middle east and let Asia build us roofs with giant solar panels on them.
*laughing hysterically*
Good one!
I may try that! :D
Sure, then they'll think you're just loony instead of evil.
That Karen chick needs be sent to Canada.
GOD BLESS THE MIDDLE EAST...
MAKE MY DAY...YOU MADE ME LAUGH
GOD bless the oil countries 5X's A DAY.
PEACE
God Bless the Middle East
I'm an atheist. HOORAY FOR THE MIDDLE EAST!
I'll do it , what can it hurt
GOG BLESS THE MIDDLE EAST !!
Whats the stock symbol to check the prices of oil?
This is a link to CNBC ' s page...
http://www.cnbc.com/id/15839285/site/140鈥?/a>
At the top left are tabs fo differenr markets ..and oil .
You could click on that and then try to save it to your favorites...then it would be one click away instead of two.
I haven't tried that yet , but it might work.
I've found that if you click on oil...then leave the page but come back later...it's still on oil.
Good luckWhats the stock symbol to check the prices of oil?
I suggest you go to Bloomberg.com for a complete listing of energy prices:
http://www.bloomberg.com/markets/commodi鈥?/a>Whats the stock symbol to check the prices of oil?
There is no stock symbol although there are commodity symbols for the oil complex.
USO and OIH are etf's which are oil related. You can use them to get a sense of oil itself.
oxl
http://www.cnbc.com/id/15839285/site/140鈥?/a>
At the top left are tabs fo differenr markets ..and oil .
You could click on that and then try to save it to your favorites...then it would be one click away instead of two.
I haven't tried that yet , but it might work.
I've found that if you click on oil...then leave the page but come back later...it's still on oil.
Good luckWhats the stock symbol to check the prices of oil?
I suggest you go to Bloomberg.com for a complete listing of energy prices:
http://www.bloomberg.com/markets/commodi鈥?/a>Whats the stock symbol to check the prices of oil?
There is no stock symbol although there are commodity symbols for the oil complex.
USO and OIH are etf's which are oil related. You can use them to get a sense of oil itself.
oxl
Why are oil prices so high?
Sheer opportunistic greed, nothing more, nothing less. They simply raise their game and see who bites ... the only way is to reduce demand ..... Why are oil prices so high?
Due to demand from China, India and Japan. But with the current slow downs in these countries oil prices is coming down. However if the economies of US and other industrious countries pick up it may go up again if oil producing countries do not increase its supply to those markets. Why are oil prices so high?
Because people can't get it easily so those who have it take advantage of this
Due to demand from China, India and Japan. But with the current slow downs in these countries oil prices is coming down. However if the economies of US and other industrious countries pick up it may go up again if oil producing countries do not increase its supply to those markets. Why are oil prices so high?
Because people can't get it easily so those who have it take advantage of this
Why has the cost of petrol, risen to the same price as last year, when Oil per barrel has more than halved?
Many factors go into the price of gas/petrol. Oil cannot be burned in a car as it is when it comes out of the ground, it must first be refined. Because there are a limited number of refineries consumers are dependent on the current conditions at those refineries. Raw crude oil is used to make everything from natural gas to heavy machine oil and asphalt and making one thing from the oil prevents making something else. If a refinery chooses to make, for example, kerosene instead of gasoline the supply of gas will be reduced and the price will go up.
While the price for a barrel of oil has a significant impact on the price at the pump, it isn't the only factor and other economic factors must be considered when mentally comparing the prices of gas and oil.
While the price for a barrel of oil has a significant impact on the price at the pump, it isn't the only factor and other economic factors must be considered when mentally comparing the prices of gas and oil.
Oil prices have fallen from $135 to below to $125. but gas prices remain the same. why?
as of today, June 3rd 2008, Oil is now $122 a barrel. but gas prices in my town have not fallen. why is this?Oil prices have fallen from $135 to below to $125. but gas prices remain the same. why?
Price lag. There is still expensive gas in the tanks. This is a normal thing and has happened many times before.Oil prices have fallen from $135 to below to $125. but gas prices remain the same. why?
Partially because the mass majority of the country expects gas to stay high like that goof at the top of the answers. But really the price that you see is sweet crude oil per barrel. The price that you see today is what it was traded on the market for today. These costs tend to trickle down the supply chain and are not reflected immediately because of this lag. Producers purchase crude oil to refine into gasoline and then sell that to suppliers who sell to us. Also remember that during summer months gas always makes a climb in price the further into summer we get due to the raise in demand of gasoline. These two changes in the price and the demand are lliterally cancelled out to where you don't notice much of a change in price, just a change in quantity supplied.
You have to figure in the cost of refining the crude, and also the cost of transporting the gasoline...
surcharges per mile are anything from 30%-50% depending on the price of gasoline/diesel.
So by the time the gas station has paid overages for refining and transportation... the end user (consumers) are paying for 2 middle men... and that's also depending on the pocket depth of the middle men... we're at the tail end of the gasoline prices, we'll see the price drop last...
give it time, and stay hopeful.
You must be new to the driving world. There is a whole stack of reasons why. First and foremost, the gas that is in the ground at the gas station was bought at a higher price and THAT fuel is still there and THAT fuel price is the price you have to pay to get it out otherwize the gas station owner is out of pocket.
Gas prices ALWAYS go up faster than they go down. Something to do with evaporation ';I think'; Gas wars between stations is the only way it comes down faster.
Short termed fluctuations in the market does not warrent a decrease in fuel prices as much as an increase.
We station owners don't wanna.
Why do you think for the third year running the oil companies report the highest levels of profit ever! they do it on by riding our hard earned dollars...I spend 120.- a week just to go back and forth from work with a relatively low fule consuming car...
I think we ought to create a band of angry citizens to hunt down oil company CEO's and throw into an oil pit and set it ablaze...maybe they'll get the message.
It takes a bit of time for actual price at the pump prices to reflect the downturn in per barrel prices. It has a lot to do with the futures markets and supply and demand.
It usually takes a couple of weeks before you see a difference at the pump. If the oil prices stay around this level for at least a couple of weeks, you should see a drop in prices at the pump.
why should they? there's only one way to go in the gas war baby, and that's up. Gas is never coming down, so get ready to pay 5 a gallon by july 1st.
Gas prices are RISING while oil fell for some time now. I think it is greed by now. I asked this question a week ago and no longer believe anything else.
The answer is fairly obvious- GREED!
Have you seen the kind of profits some of the oil companies our making these days?? They are richer than some nations. I even think Exxon is giving Wally world a run for the moneycolorsilk revlon
Price lag. There is still expensive gas in the tanks. This is a normal thing and has happened many times before.Oil prices have fallen from $135 to below to $125. but gas prices remain the same. why?
Partially because the mass majority of the country expects gas to stay high like that goof at the top of the answers. But really the price that you see is sweet crude oil per barrel. The price that you see today is what it was traded on the market for today. These costs tend to trickle down the supply chain and are not reflected immediately because of this lag. Producers purchase crude oil to refine into gasoline and then sell that to suppliers who sell to us. Also remember that during summer months gas always makes a climb in price the further into summer we get due to the raise in demand of gasoline. These two changes in the price and the demand are lliterally cancelled out to where you don't notice much of a change in price, just a change in quantity supplied.
You have to figure in the cost of refining the crude, and also the cost of transporting the gasoline...
surcharges per mile are anything from 30%-50% depending on the price of gasoline/diesel.
So by the time the gas station has paid overages for refining and transportation... the end user (consumers) are paying for 2 middle men... and that's also depending on the pocket depth of the middle men... we're at the tail end of the gasoline prices, we'll see the price drop last...
give it time, and stay hopeful.
You must be new to the driving world. There is a whole stack of reasons why. First and foremost, the gas that is in the ground at the gas station was bought at a higher price and THAT fuel is still there and THAT fuel price is the price you have to pay to get it out otherwize the gas station owner is out of pocket.
Gas prices ALWAYS go up faster than they go down. Something to do with evaporation ';I think'; Gas wars between stations is the only way it comes down faster.
Short termed fluctuations in the market does not warrent a decrease in fuel prices as much as an increase.
We station owners don't wanna.
Why do you think for the third year running the oil companies report the highest levels of profit ever! they do it on by riding our hard earned dollars...I spend 120.- a week just to go back and forth from work with a relatively low fule consuming car...
I think we ought to create a band of angry citizens to hunt down oil company CEO's and throw into an oil pit and set it ablaze...maybe they'll get the message.
It takes a bit of time for actual price at the pump prices to reflect the downturn in per barrel prices. It has a lot to do with the futures markets and supply and demand.
It usually takes a couple of weeks before you see a difference at the pump. If the oil prices stay around this level for at least a couple of weeks, you should see a drop in prices at the pump.
why should they? there's only one way to go in the gas war baby, and that's up. Gas is never coming down, so get ready to pay 5 a gallon by july 1st.
Gas prices are RISING while oil fell for some time now. I think it is greed by now. I asked this question a week ago and no longer believe anything else.
The answer is fairly obvious- GREED!
Have you seen the kind of profits some of the oil companies our making these days?? They are richer than some nations. I even think Exxon is giving Wally world a run for the money
What if peak oil started to yank up the price of gasoline during economic recovery?
i dont know about you but i think jimmy carter was right when he said that we needed to reduce our dependence on foreign oil.
im am quite scared to be honest i think that people are ignorant when it comes to rationing the most important natural nonrenewable resource in all of human history, for gods sake we even use it to make fertilizers and pesticides!!!!
so what if the problem is as big as the petroleum geologists say it is will we use the last bit of oil to make bicycles and solar panels or will we slurp it down in gigantic SUVs?
remember its not about running out its about shortages forcing buyers to bid up the priceWhat if peak oil started to yank up the price of gasoline during economic recovery?
Peak oil has already happened with conventional sources of oil. The number #1 country for the USA that oil is imported from is canada because of oil sands and canada also sends us a lot of finished product (like gasoline) thanks to the refinery ban in the USA. Only 60% of oil is used for transportation. Even if there are solar panels or more coal power plants, currently 99.9% of cars run on a liquid fuel and not electricity.
The US now produces HALF of production from the 1970's, it shows that oil fields do run out.
I expect a mass movement towards electric and CNG cars, it won't be to long for CNG to peak after that happens. Electric cars are expensive compared to gasoline ones. Even though I don't expect the end of the world to happen I expect peak oil will cause economic pain for a long time. There would be a permanent increase of crude oil prices. This would benefit countries that export crude oil and hurt anyone like the united states or china that eats this stuff up. Coal can be converted to diesel which could be used as a substitute for crude oil on cars, however it is expensive to do.What if peak oil started to yank up the price of gasoline during economic recovery?
Although there certainly is an ultimate limit to the amount of oil to be recovered by traditional means, it will not be reached any time during the current economic crisis/recovery period. Additionally, alternative methods of manufacturing oil are being researched, meaning that it will likely be with us even long after traditional supplies are gone (for things like plastics, lubricants, etc., if not for gasoline...hopefully we will have better methods of transportation by the time those methods become truly productive).
It might finally make the West look for alternative energy sources in a serious manner.
yeah right we have enough to last but your leftist and the tree huggers dont want you to know that just ask al gore the biggest liar there is but whatever beleive what they tell you if you are young and black then most of you just go along with dems anyway no ?s ask
im am quite scared to be honest i think that people are ignorant when it comes to rationing the most important natural nonrenewable resource in all of human history, for gods sake we even use it to make fertilizers and pesticides!!!!
so what if the problem is as big as the petroleum geologists say it is will we use the last bit of oil to make bicycles and solar panels or will we slurp it down in gigantic SUVs?
remember its not about running out its about shortages forcing buyers to bid up the priceWhat if peak oil started to yank up the price of gasoline during economic recovery?
Peak oil has already happened with conventional sources of oil. The number #1 country for the USA that oil is imported from is canada because of oil sands and canada also sends us a lot of finished product (like gasoline) thanks to the refinery ban in the USA. Only 60% of oil is used for transportation. Even if there are solar panels or more coal power plants, currently 99.9% of cars run on a liquid fuel and not electricity.
The US now produces HALF of production from the 1970's, it shows that oil fields do run out.
I expect a mass movement towards electric and CNG cars, it won't be to long for CNG to peak after that happens. Electric cars are expensive compared to gasoline ones. Even though I don't expect the end of the world to happen I expect peak oil will cause economic pain for a long time. There would be a permanent increase of crude oil prices. This would benefit countries that export crude oil and hurt anyone like the united states or china that eats this stuff up. Coal can be converted to diesel which could be used as a substitute for crude oil on cars, however it is expensive to do.What if peak oil started to yank up the price of gasoline during economic recovery?
Although there certainly is an ultimate limit to the amount of oil to be recovered by traditional means, it will not be reached any time during the current economic crisis/recovery period. Additionally, alternative methods of manufacturing oil are being researched, meaning that it will likely be with us even long after traditional supplies are gone (for things like plastics, lubricants, etc., if not for gasoline...hopefully we will have better methods of transportation by the time those methods become truly productive).
It might finally make the West look for alternative energy sources in a serious manner.
yeah right we have enough to last but your leftist and the tree huggers dont want you to know that just ask al gore the biggest liar there is but whatever beleive what they tell you if you are young and black then most of you just go along with dems anyway no ?s ask
Oil prices drop below $129 a barrel on demand concerns???? whatever man!?
This is the typical headlines about oil prices in the last few months. The question is: Since the supply is Oil is run by a OPEC, basically a cartel, why can't oil prices reach $229 dollars. Why does the media want to make us believe that it about demand and supply?Oil prices drop below $129 a barrel on demand concerns???? whatever man!?
The price is influenced by supply and demand, and by speculation. People think there could be a shortage, so prices go up. However, we saw demand go down this Memorial Day weekend, by 4% in some reports I heard, so the high price has started to decrease demand noticeably. This will push prices down a little bit.
The oil producers want to maximize profit while maintaining a high demand for the product. If oil was set at $229/barrel tomorrow, demand would drop significantly, and profits would drop.Oil prices drop below $129 a barrel on demand concerns???? whatever man!?
The Media was told by the govt to use supply/demand propaganda to make people turn their attention way from the economic problems which are the real problems. I don't think crude will drop anywhere near to $100/barrel ever unless inflation is curbed permanantly. This is like telling people to smoke pot to ease depression just to fall into deeper depression.
Please check out these links...EVERYBODY!
If it isn't truly demand and supply then its manipulation by the Green Fascists who want higher prices to stop carbon emissions.
It is like the fox raiding the hen house.When that will be no longer believable they will tell us something else.
The price is influenced by supply and demand, and by speculation. People think there could be a shortage, so prices go up. However, we saw demand go down this Memorial Day weekend, by 4% in some reports I heard, so the high price has started to decrease demand noticeably. This will push prices down a little bit.
The oil producers want to maximize profit while maintaining a high demand for the product. If oil was set at $229/barrel tomorrow, demand would drop significantly, and profits would drop.Oil prices drop below $129 a barrel on demand concerns???? whatever man!?
The Media was told by the govt to use supply/demand propaganda to make people turn their attention way from the economic problems which are the real problems. I don't think crude will drop anywhere near to $100/barrel ever unless inflation is curbed permanantly. This is like telling people to smoke pot to ease depression just to fall into deeper depression.
Please check out these links...EVERYBODY!
If it isn't truly demand and supply then its manipulation by the Green Fascists who want higher prices to stop carbon emissions.
It is like the fox raiding the hen house.When that will be no longer believable they will tell us something else.
Why are oil prices so high?
it's because it is scarce and not all countries have their own oil source. some countries who does have it take advantage of making the oil's price high. Why are oil prices so high?
Well as of close of trading yesterday oil was at $101 a barrel. Which is the lowest it has been since April.
They are so high because it is what is known as a commodity, a key product to keep the economy functioning such as gold and metals.
Commodities are the greatest investment and as of such economic problems like now turning to a guaranteed profit investment in shares like oil mean you can make money. More investors mean more money so it costs more.
Also such things like oil being in war countries like Afghanistan, mean there is more risk to supply thus it costs more. Also supplies are at risk due to natural threats like the Hurricanes in the Gulf at present.
There are many reasons but these are the most common.Why are oil prices so high?
There are many answers to the this question. I will add my two cents by saying the oil prices are high because there are many competitors who seek the same product. Globalization has brought industrial activity to places where it did not exist before. Look at China, India, Korea, Philippines, and a few other nations. They are rapidly building a middle class who earns status and wealth. There citizens want Westernized items like cars, electronics, etc. because they think that will make them happy. There desire for these things has fueled their need for oil. Therefore, the U.S. and Europe are no longer the only ones who need it. Greater demand=increased prices. This is why for the first time in 30 years America debates the issue of drilling because we begin to realize that our dependence on foreign oil slowly hurts our economy. I think the best for America to do is to develop their own sources of energy.
One possible reason is that oil is a fossil fuel and resources are nearing depletion.
The other is its being held to ransom by the countries who produce it and the countries (USA) that need it for political gain.
Because the main suppliers, arab countries,know it is runnibg out and want to make a killing before it does. I just hope the world remembers this when it does. With one or two noteable exceptions, they have no other source of income.
Why is Labor in the US $17+/hr? Same reason, supply and demand. If supply exceeds demand, prices drop. If demand exceeds supply, prices rise.
World conflict - the recent devastation in Texas also destroyed an oil supplier - it all makes the prices go up.
Oil is running out
It underpins every economy in the world
Speculators have not helped
Well as of close of trading yesterday oil was at $101 a barrel. Which is the lowest it has been since April.
They are so high because it is what is known as a commodity, a key product to keep the economy functioning such as gold and metals.
Commodities are the greatest investment and as of such economic problems like now turning to a guaranteed profit investment in shares like oil mean you can make money. More investors mean more money so it costs more.
Also such things like oil being in war countries like Afghanistan, mean there is more risk to supply thus it costs more. Also supplies are at risk due to natural threats like the Hurricanes in the Gulf at present.
There are many reasons but these are the most common.Why are oil prices so high?
There are many answers to the this question. I will add my two cents by saying the oil prices are high because there are many competitors who seek the same product. Globalization has brought industrial activity to places where it did not exist before. Look at China, India, Korea, Philippines, and a few other nations. They are rapidly building a middle class who earns status and wealth. There citizens want Westernized items like cars, electronics, etc. because they think that will make them happy. There desire for these things has fueled their need for oil. Therefore, the U.S. and Europe are no longer the only ones who need it. Greater demand=increased prices. This is why for the first time in 30 years America debates the issue of drilling because we begin to realize that our dependence on foreign oil slowly hurts our economy. I think the best for America to do is to develop their own sources of energy.
One possible reason is that oil is a fossil fuel and resources are nearing depletion.
The other is its being held to ransom by the countries who produce it and the countries (USA) that need it for political gain.
Because the main suppliers, arab countries,know it is runnibg out and want to make a killing before it does. I just hope the world remembers this when it does. With one or two noteable exceptions, they have no other source of income.
Why is Labor in the US $17+/hr? Same reason, supply and demand. If supply exceeds demand, prices drop. If demand exceeds supply, prices rise.
World conflict - the recent devastation in Texas also destroyed an oil supplier - it all makes the prices go up.
Oil is running out
It underpins every economy in the world
Speculators have not helped
How come when oil goes to $100 a barrel prices at the pump go up but it dropped to $90 there was no change?
It's funny how the climate,the rise of oil prices,the murder of foreign diplomats,etc. can raise oil prices yet it recently dropped $10 a barrel there was no change at the pump?What a scam!!!How come when oil goes to $100 a barrel prices at the pump go up but it dropped to $90 there was no change?
haha
i have noo problem with the oil price where i live
20 dollars a barrel, good enough :]How come when oil goes to $100 a barrel prices at the pump go up but it dropped to $90 there was no change?
It went down about 10 cents where I live.
It's called ';greed';........
lol yep its called greed,you know like the price change because they make a lot of change cha ching! even if they buy it cheaper then price goes up in a few days so they can charge more,what a rip off of our hard earned money.
soon we will not be able to go to work ,we will be working just to buy gas.thanks to our government.
deb
dont worry it will go down, but the man has to make his money off us
the gas stations have big tanks under the ground. They only get so much mark up due to fierce competition. (They make their reall money when you come in and buy that soda and chips.) So if you are paying $3.30, you can bet the gas station owner paid at least $3 a gallon for it when he had that big tank filled. The gas station owner or the corparation running the gas stations, determines the price. For the most part, the signs you see such as Shell, Citgo, etc are not the owners, the real owner pays for that sign so he can attract customers with the name recognition.
It's basically a game they have to play, They have to charge enough to cover the cost of what's all ready in the tank, and charge enough to cover the cost of what it's going to cost to fill that tank tommorow (which is why it always goes up faster than down), while at the same time keeping it low enough to not lose customers to the guy across the street.
Cause no one can really do anything about it. You should start a movement. There ya go, that's your calling in life, lower the gas prices. Better get started. We're all waiting on you now.
Investigate the excessive profits and the compensation of the senior executives at the worlds largest oil companies and you will have your answer...
As far as losing customers across the street....in my area the price for gas is the same at every gas station in the city...and they all change their prices to the same price on the same day...but when I drive 15 miles to the next city, a gas station owned by the same person who owns one in my city will be a dime a gallon less....Price fixing is more like it.
Tinman12, yes you are right, it does take three months for prices to recover, however, when the price goes up, the rise is immediate!
Supply and demand ... NOW, the ';big three'; (US, Europe and the UK) have competition with China and India for refined oil.
The price at the pump is always 3 months behind current events. Use it to your advantage. When you see the a spike in the price of oil has taken place, realize that 3 months from now gas will go up. Same is true for a drop in oil prices.
I've noticed that too. They say it takes a while for the price to change, but I don't buy it. The oil companies are enjoying their largest profits to date. Imagine that.
Also look at how interest rates rose for borrowing money, but the interest being paid out to those who save rarely changed at all. That's economics for you. The rich get rich, the poor get poorer, and the middle class disappears.
haha
i have noo problem with the oil price where i live
20 dollars a barrel, good enough :]How come when oil goes to $100 a barrel prices at the pump go up but it dropped to $90 there was no change?
It went down about 10 cents where I live.
It's called ';greed';........
lol yep its called greed,you know like the price change because they make a lot of change cha ching! even if they buy it cheaper then price goes up in a few days so they can charge more,what a rip off of our hard earned money.
soon we will not be able to go to work ,we will be working just to buy gas.thanks to our government.
deb
dont worry it will go down, but the man has to make his money off us
the gas stations have big tanks under the ground. They only get so much mark up due to fierce competition. (They make their reall money when you come in and buy that soda and chips.) So if you are paying $3.30, you can bet the gas station owner paid at least $3 a gallon for it when he had that big tank filled. The gas station owner or the corparation running the gas stations, determines the price. For the most part, the signs you see such as Shell, Citgo, etc are not the owners, the real owner pays for that sign so he can attract customers with the name recognition.
It's basically a game they have to play, They have to charge enough to cover the cost of what's all ready in the tank, and charge enough to cover the cost of what it's going to cost to fill that tank tommorow (which is why it always goes up faster than down), while at the same time keeping it low enough to not lose customers to the guy across the street.
Cause no one can really do anything about it. You should start a movement. There ya go, that's your calling in life, lower the gas prices. Better get started. We're all waiting on you now.
Investigate the excessive profits and the compensation of the senior executives at the worlds largest oil companies and you will have your answer...
As far as losing customers across the street....in my area the price for gas is the same at every gas station in the city...and they all change their prices to the same price on the same day...but when I drive 15 miles to the next city, a gas station owned by the same person who owns one in my city will be a dime a gallon less....Price fixing is more like it.
Tinman12, yes you are right, it does take three months for prices to recover, however, when the price goes up, the rise is immediate!
Supply and demand ... NOW, the ';big three'; (US, Europe and the UK) have competition with China and India for refined oil.
The price at the pump is always 3 months behind current events. Use it to your advantage. When you see the a spike in the price of oil has taken place, realize that 3 months from now gas will go up. Same is true for a drop in oil prices.
I've noticed that too. They say it takes a while for the price to change, but I don't buy it. The oil companies are enjoying their largest profits to date. Imagine that.
Also look at how interest rates rose for borrowing money, but the interest being paid out to those who save rarely changed at all. That's economics for you. The rich get rich, the poor get poorer, and the middle class disappears.
Why does oil prices increase over the years??
why is it increasing??
Is it coz of supply??
I don't see demand really affecting it... or is it??...
Is it an economical issue or a political one?
Whats the exact reason then?....Why does oil prices increase over the years??
how dose food get to u? you going to the store by a car
how dose the food get to the store?by plane, truck and boat.
What dose a car, a plane, a truck and boats need? oil.
so if everyone in the world is useing oil JUST to go to the shop, what do u think will happen? oil will run out.
so if theres no oil theres no? food.
so oil is going down fast... so that means oil prices are going to go? up with food prices
so that is why some people are moving from the city to the country so they can have there own cow, chickens, veges, pigs, ect.
so i sugest move to the country while its cheap!Why does oil prices increase over the years??
I believe that the reason is because the demand for oil has rapidly increased over the years. Also, OPEC, the worlds largest supplier of oil is a cartel and acts as such to manipulate prices and control supply.
new orleans was our oil storage city but katrina wiped out the storage tanks :-)
You answered your own question. It is because of supply and demand, and yes, it is a political one.
Same holds true for the value of the dollar
Because its getting more scarce.
i think that the prices of all the products are increasing all over the world not just the oil products, and this is neither due to the supply nor to the demand, it is related to economical and political issues. it is related to economical issue to feed all the big company and also since oil products become more expensive than the gold.
besides, it is also related to political issue since most politics have some business in oil and energy.
Is it coz of supply??
I don't see demand really affecting it... or is it??...
Is it an economical issue or a political one?
Whats the exact reason then?....Why does oil prices increase over the years??
how dose food get to u? you going to the store by a car
how dose the food get to the store?by plane, truck and boat.
What dose a car, a plane, a truck and boats need? oil.
so if everyone in the world is useing oil JUST to go to the shop, what do u think will happen? oil will run out.
so if theres no oil theres no? food.
so oil is going down fast... so that means oil prices are going to go? up with food prices
so that is why some people are moving from the city to the country so they can have there own cow, chickens, veges, pigs, ect.
so i sugest move to the country while its cheap!Why does oil prices increase over the years??
I believe that the reason is because the demand for oil has rapidly increased over the years. Also, OPEC, the worlds largest supplier of oil is a cartel and acts as such to manipulate prices and control supply.
new orleans was our oil storage city but katrina wiped out the storage tanks :-)
You answered your own question. It is because of supply and demand, and yes, it is a political one.
Same holds true for the value of the dollar
Because its getting more scarce.
i think that the prices of all the products are increasing all over the world not just the oil products, and this is neither due to the supply nor to the demand, it is related to economical and political issues. it is related to economical issue to feed all the big company and also since oil products become more expensive than the gold.
besides, it is also related to political issue since most politics have some business in oil and energy.
Do u think the oil prices are gonaa go down or up?
i think it is gonna go up and upDo u think the oil prices are gonaa go down or up?
Down.Do u think the oil prices are gonaa go down or up?
Up!
call 1-800-ask-bushcolorsilk revlon
Down.Do u think the oil prices are gonaa go down or up?
Up!
call 1-800-ask-bush
Is ';Peak Oil'; a real threat or is it oil industry propaganda to justify higher gas prices?
I've learned a little about both sides of the issue. It seems certain that demand of oil is increasing globally and supply must decrease at some point so that part of the Peak Oil argument is valid. But how do we know what is true with oil companies being so powerful and manipulative?Is ';Peak Oil'; a real threat or is it oil industry propaganda to justify higher gas prices?
I've read about peak oil, at least 5 years ago. I see it as a long term threat. We don't know what ';peak'; really is, or when we will reach it. We are well on the way in the short run because increased demand is going to out run or strip short run supply. This is mainly due to the growth of countries like China and India. If we could find alternative fuels or additional fossil fuel source ( i.e. off the gulf coast), then ';peak'; would be re-defined as the supply is re-defined.Is ';Peak Oil'; a real threat or is it oil industry propaganda to justify higher gas prices?
Peak Oil is very real, but exactly when we reach it, or even if we already have, is not known. The Oil companies use it to argue for us doing things (like drilling in the arctic), and raising prices so that they can be assured of making money for years to come. The environmentalists use it in an effort to convince people that we should use alternative sources and not rely on oil (which IMHO is a good idea). The government uses it to argue for why we need some control in the Middle East. But seems no one can agree on what the ';peak'; of available oil really is...
There is definitely a supply problem when it comes to why gas prices are high, but whether we're running out is not really an issue right now. The main issues on the supply side in the US are: not enough refining capacity (because no one will allow oil companies to build them), different blending standards in almost every state, and turmoil in places we import crude oil from. You also may have heard of a group called OPEC (organization of petroleum exporting countries). They control a huge percentage of the world's crude oil and have enough power to collude (in order to to cut back supply/production), and increase the price of crude oil.
http://en.wikipedia.org/wiki/2003_Iraq_w鈥?/a>
I would look at this logically it seems to me that if oil was becoming more rare they would be more concerned and putting more effort into finding more alternatives for oil. I don't believe that the middle east is the only place to find oil, there are more locations to get it. Why tell us about it they are making so much money. Often I have seen the price for gas go up several days in a row I know they are not getting new gas daily, so why are we being charged so much more from one day to the next if they original paid one price for the gas. These days are sad that how much these big businesses can take advantage of all of us, even when going from a rich area to a poor area the gas was much cheaper in the rich area. Greed is evil and effects everyone especially less fortunate families.
Are any of the oil companies promoting 'Peak oil'??...I've never read about any of them even giving the theory any validity whatsoever(except maybe BP)...in fact, Chevron claims it doesn't see a peak in sight..The CEO of Shell was on the Today show recently and said the oil industry could meet demand for many years to come. The media is not promoting peak oil either...if it was propaganda aimed at the public, wouldn't we be hearing about it more? I've been aware of this issue for 3 years and I have to find articles about it on the internet...the mainstream 'TV' media has not picked this up and run with it.
Nobody knows when Peak Oil occurs.
I've read about peak oil, at least 5 years ago. I see it as a long term threat. We don't know what ';peak'; really is, or when we will reach it. We are well on the way in the short run because increased demand is going to out run or strip short run supply. This is mainly due to the growth of countries like China and India. If we could find alternative fuels or additional fossil fuel source ( i.e. off the gulf coast), then ';peak'; would be re-defined as the supply is re-defined.Is ';Peak Oil'; a real threat or is it oil industry propaganda to justify higher gas prices?
Peak Oil is very real, but exactly when we reach it, or even if we already have, is not known. The Oil companies use it to argue for us doing things (like drilling in the arctic), and raising prices so that they can be assured of making money for years to come. The environmentalists use it in an effort to convince people that we should use alternative sources and not rely on oil (which IMHO is a good idea). The government uses it to argue for why we need some control in the Middle East. But seems no one can agree on what the ';peak'; of available oil really is...
There is definitely a supply problem when it comes to why gas prices are high, but whether we're running out is not really an issue right now. The main issues on the supply side in the US are: not enough refining capacity (because no one will allow oil companies to build them), different blending standards in almost every state, and turmoil in places we import crude oil from. You also may have heard of a group called OPEC (organization of petroleum exporting countries). They control a huge percentage of the world's crude oil and have enough power to collude (in order to to cut back supply/production), and increase the price of crude oil.
http://en.wikipedia.org/wiki/2003_Iraq_w鈥?/a>
I would look at this logically it seems to me that if oil was becoming more rare they would be more concerned and putting more effort into finding more alternatives for oil. I don't believe that the middle east is the only place to find oil, there are more locations to get it. Why tell us about it they are making so much money. Often I have seen the price for gas go up several days in a row I know they are not getting new gas daily, so why are we being charged so much more from one day to the next if they original paid one price for the gas. These days are sad that how much these big businesses can take advantage of all of us, even when going from a rich area to a poor area the gas was much cheaper in the rich area. Greed is evil and effects everyone especially less fortunate families.
Are any of the oil companies promoting 'Peak oil'??...I've never read about any of them even giving the theory any validity whatsoever(except maybe BP)...in fact, Chevron claims it doesn't see a peak in sight..The CEO of Shell was on the Today show recently and said the oil industry could meet demand for many years to come. The media is not promoting peak oil either...if it was propaganda aimed at the public, wouldn't we be hearing about it more? I've been aware of this issue for 3 years and I have to find articles about it on the internet...the mainstream 'TV' media has not picked this up and run with it.
Nobody knows when Peak Oil occurs.
Anyone else amazed at how fast gas and oil prices have sudenly fallen, Like someone has a switch !!!?
Yes, very surprised. But it has happened three times in my lifetime. I think big business and the government finally noticed how much oil affects us.
I think we will see big changes soon!
';BRILLIANT';!!!!Anyone else amazed at how fast gas and oil prices have sudenly fallen, Like someone has a switch !!!?
supply and demand has nothing to do with the price of oil. The price of oil is controlled by the market. Traders were keeping the price of oil high because they believe it would keep going higher and higher. Everyone in the oil world was happy. Same with most the stocks. The bubble popped and now oil is down because a lot of people pulled out of the market. After the market recovers oil will go back up in price. Along with gold and silver. If you have money around it would be a good time to invest when the market recovers but that could be years.Anyone else amazed at how fast gas and oil prices have sudenly fallen, Like someone has a switch !!!?
I know. It happened 3 times in my life time. One of which was like 3 years ago. But of course the BUSH family stopped that. After all they own oil riggs and fields in TEXAS.
its called supply and demand
since people dont have money to spend
theyre not gonna drive as much
since no one is buying gas, they lower the prices so people will buy it more often
once people buy it more often, the prices go up
don't get too used to it, opec cut production so supply will be reduced and the price will soon reflect that. they got us right by the..... 'fuel hose' if you know what mean.
I said when gas prices was high that by election time the prices would be way down. Coincidence, I doubt it. I didn't think they would go this low.
Yes... It is called the switch into a depression. Get used to standing in line for bread.
funny what happens when investors don't stick all their money into crude oil. the price stays reasonable.
Yeah ain't it wonderful.. they knew I got me a truck and now I can afford to drive it more often!!! lol Guess its goin into depression..
No. If one follows the goings on of the economy even just a little bit this is not a surprise.
it was called supply and demand when they were up to $4 now we're still saying supply and demand but its hard to believe.
is that a problem?!?! I'm certainly thankful for it. $18 filled up my lil civic...lol
I think we will see big changes soon!
';BRILLIANT';!!!!Anyone else amazed at how fast gas and oil prices have sudenly fallen, Like someone has a switch !!!?
supply and demand has nothing to do with the price of oil. The price of oil is controlled by the market. Traders were keeping the price of oil high because they believe it would keep going higher and higher. Everyone in the oil world was happy. Same with most the stocks. The bubble popped and now oil is down because a lot of people pulled out of the market. After the market recovers oil will go back up in price. Along with gold and silver. If you have money around it would be a good time to invest when the market recovers but that could be years.Anyone else amazed at how fast gas and oil prices have sudenly fallen, Like someone has a switch !!!?
I know. It happened 3 times in my life time. One of which was like 3 years ago. But of course the BUSH family stopped that. After all they own oil riggs and fields in TEXAS.
its called supply and demand
since people dont have money to spend
theyre not gonna drive as much
since no one is buying gas, they lower the prices so people will buy it more often
once people buy it more often, the prices go up
don't get too used to it, opec cut production so supply will be reduced and the price will soon reflect that. they got us right by the..... 'fuel hose' if you know what mean.
I said when gas prices was high that by election time the prices would be way down. Coincidence, I doubt it. I didn't think they would go this low.
Yes... It is called the switch into a depression. Get used to standing in line for bread.
funny what happens when investors don't stick all their money into crude oil. the price stays reasonable.
Yeah ain't it wonderful.. they knew I got me a truck and now I can afford to drive it more often!!! lol Guess its goin into depression..
No. If one follows the goings on of the economy even just a little bit this is not a surprise.
it was called supply and demand when they were up to $4 now we're still saying supply and demand but its hard to believe.
is that a problem?!?! I'm certainly thankful for it. $18 filled up my lil civic...lol
Friday 6-27-08, crude oil is up above $140, Will Obama save us, or what can Obama do now to get the price down
I'll save us. We should ween ourselves off oil, but thanks to massive corporations, its kinda hard :/Friday 6-27-08, crude oil is up above $140, Will Obama save us, or what can Obama do now to get the price down
There is not a single policy he supports that will lower the price of oil. In fact he will increase the price of oil. Do you think ';Green Technology and Green Energy'; comes at no cost.
Here are the facts:
SUPPORTS:
Cap and Trade Bill - Limits emission output and will require oil companies to cut emissions by 80% by 2050. He will set a limit to how much they can produce.
Kyoto Protocol - Plan to cut emission output
Taxes - Plans to increase tac drastically on oil companies
DOES NOT SUPPORT:
On-shore Drilling
Off-shore Drilling
ANWR Drilling
More Refineries
Nuclear Energy
Gas Tax Holiday (lifts the federal tax on oil for a few months)
(McCain supports all except ANWR)
Even in a interview on CNN with an Obama Strategist, she said Obama's policies will force Americans and politicians to find anther energy source because the only way is to make the price outrageous.
Republican Congress - 2000 to 2006...Nov 2006 (gas $2.15)
Democratic Congress - 2006 to Present...Present (gas $4.25)Friday 6-27-08, crude oil is up above $140, Will Obama save us, or what can Obama do now to get the price down
The earth is running out of crude oil. The soaring price is because of this, it is nobody's ';fault';. If anybody reduces the price, the purchase of oil is going to skyrocket, because it is so cheap. Then we just run out of it faster.
Get used to increased gas prices, or petition your congressman to put money into researching viable fuel alternatives. There are no other options.
Obama is fine with it being this high,his only concern is that the Government isn't getting a decent share of it. He wants a Windfall Profits Tax,which has historically done two things reduced supply and increased price. Carter tried it and the price doubled and there was rationing.
Vote for somone else,Vote for anyone else,reject the two pre-selected candidates utterly!!
NObama 08'
No To Juan McCain 08'
August 4 President 08'
Obama is not GOD.........he can't do anything the current knuckleheads can't do..........
Oil is what it is..........we are still indebted to the same people............we still have the same reserves........same options.............
the only thing that changes is the name plate on the desk in the Oval office. That's all.
Hopefully it will say OBAMA in '08...........
but I don't expect the price of oil to do something MIRACULOUS, just because he gets elected.........or not.
Obama brings a whole picture solution which starts with restoring faith -worldwide-in this country, restoring the belief that americans stand by their words, aren't liar, crooks and cowards like bush and Mcbush. Dont re-elect Bush, dont elect McBush, Save yourselves!!!
Blame Bush,the Oil Companies,the stock market,Rev.Wright and his White Grandmother,it's all their fault.
The real blame rests with a bought and paid for Congress.
What is sad about the future of America is that the belief some things that cannot be changed, can.
And Obama will get the blame for things he has no control over
rein in the criminal speculators inspire some confidence in government which boosts the dollar
Obama will do the same thing he has done for the last 5 years of increasing oil - nothing
**McCain '08**
obama will make the oil darker
How can we answer that when he doesn't even know? i will try to find and answer.
There is not a single policy he supports that will lower the price of oil. In fact he will increase the price of oil. Do you think ';Green Technology and Green Energy'; comes at no cost.
Here are the facts:
SUPPORTS:
Cap and Trade Bill - Limits emission output and will require oil companies to cut emissions by 80% by 2050. He will set a limit to how much they can produce.
Kyoto Protocol - Plan to cut emission output
Taxes - Plans to increase tac drastically on oil companies
DOES NOT SUPPORT:
On-shore Drilling
Off-shore Drilling
ANWR Drilling
More Refineries
Nuclear Energy
Gas Tax Holiday (lifts the federal tax on oil for a few months)
(McCain supports all except ANWR)
Even in a interview on CNN with an Obama Strategist, she said Obama's policies will force Americans and politicians to find anther energy source because the only way is to make the price outrageous.
Republican Congress - 2000 to 2006...Nov 2006 (gas $2.15)
Democratic Congress - 2006 to Present...Present (gas $4.25)Friday 6-27-08, crude oil is up above $140, Will Obama save us, or what can Obama do now to get the price down
The earth is running out of crude oil. The soaring price is because of this, it is nobody's ';fault';. If anybody reduces the price, the purchase of oil is going to skyrocket, because it is so cheap. Then we just run out of it faster.
Get used to increased gas prices, or petition your congressman to put money into researching viable fuel alternatives. There are no other options.
Obama is fine with it being this high,his only concern is that the Government isn't getting a decent share of it. He wants a Windfall Profits Tax,which has historically done two things reduced supply and increased price. Carter tried it and the price doubled and there was rationing.
Vote for somone else,Vote for anyone else,reject the two pre-selected candidates utterly!!
NObama 08'
No To Juan McCain 08'
August 4 President 08'
Obama is not GOD.........he can't do anything the current knuckleheads can't do..........
Oil is what it is..........we are still indebted to the same people............we still have the same reserves........same options.............
the only thing that changes is the name plate on the desk in the Oval office. That's all.
Hopefully it will say OBAMA in '08...........
but I don't expect the price of oil to do something MIRACULOUS, just because he gets elected.........or not.
Obama brings a whole picture solution which starts with restoring faith -worldwide-in this country, restoring the belief that americans stand by their words, aren't liar, crooks and cowards like bush and Mcbush. Dont re-elect Bush, dont elect McBush, Save yourselves!!!
Blame Bush,the Oil Companies,the stock market,Rev.Wright and his White Grandmother,it's all their fault.
The real blame rests with a bought and paid for Congress.
What is sad about the future of America is that the belief some things that cannot be changed, can.
And Obama will get the blame for things he has no control over
rein in the criminal speculators inspire some confidence in government which boosts the dollar
Obama will do the same thing he has done for the last 5 years of increasing oil - nothing
**McCain '08**
obama will make the oil darker
How can we answer that when he doesn't even know? i will try to find and answer.
If oil Prices reach US100pb, what will happen to the economies of the world?
looks like if you lived in africa youd be working all year for a ride to the doctors.....If oil Prices reach US100pb, what will happen to the economies of the world?
well the details escape me but it won't be prettyIf oil Prices reach US100pb, what will happen to the economies of the world?
i'd have to aggree with the other guy, but think of it this way. all of those hybrid japanese cars are going to be selling like hot cakes so japan will be better off. The oil is a natural resource over in the middle east so they'll be rollin in the dough, but here in America, we'll finally get a wake up call to the way the rest of the world has had to deal with high oil prices. no more SUVs.
well the details escape me but it won't be prettyIf oil Prices reach US100pb, what will happen to the economies of the world?
i'd have to aggree with the other guy, but think of it this way. all of those hybrid japanese cars are going to be selling like hot cakes so japan will be better off. The oil is a natural resource over in the middle east so they'll be rollin in the dough, but here in America, we'll finally get a wake up call to the way the rest of the world has had to deal with high oil prices. no more SUVs.
If Alaska produces it own oil, then why are the gas prices so high there?
There probably is not a refinery there. Also oil is not the type of commodity that you location would matter much.
It has set price, and except for any transportation, distribution, texes, etc, the base cost would be the same everywhere.
a%26gt;If Alaska produces it own oil, then why are the gas prices so high there?
Because oil is bought and sold on the global market based on supply vs demand. The market determines the price. Oil is in high demand world wide.
Alaska doesn't produce near enough oil to satisfy the oil demand for this country. This country doesn't produce enough oil to satisfy the demand for this country. We have to import 65% of the oil we use.If Alaska produces it own oil, then why are the gas prices so high there?
The US doesn't want to dig into our own ground quiet yet. That and to the fact we've got big tree huggers here. And the middle east has oil and that's were we've always gotton it. Because of this war, they cut off our oil supply, and we have to pay them what they want for it. We're just now paying (just say 4 bucks a gallon) what the rest of the world has been paying for decades. Europe has been paying 4-6 bucks a Liter forever now. We're just catching up.
The government has closed the drilling for oil in Alaska. (If memory serves me correctly.) If you believe what our President has stated here recently is that we don't have enough oil refineries here in the U.S. to refine the oil fast enough for our consumption.
We have been drilling and pumping oil up here in Alaska since 1977. The wildlife does not have any problems with the pipeline. We don't have enough oil to satisfy the wants and needs of the USA. Gas up here today was $3.85/gal.
We don't even use any oil from Alaska yet
Because the US sells it to CHINA!!!
It has set price, and except for any transportation, distribution, texes, etc, the base cost would be the same everywhere.
a%26gt;If Alaska produces it own oil, then why are the gas prices so high there?
Because oil is bought and sold on the global market based on supply vs demand. The market determines the price. Oil is in high demand world wide.
Alaska doesn't produce near enough oil to satisfy the oil demand for this country. This country doesn't produce enough oil to satisfy the demand for this country. We have to import 65% of the oil we use.If Alaska produces it own oil, then why are the gas prices so high there?
The US doesn't want to dig into our own ground quiet yet. That and to the fact we've got big tree huggers here. And the middle east has oil and that's were we've always gotton it. Because of this war, they cut off our oil supply, and we have to pay them what they want for it. We're just now paying (just say 4 bucks a gallon) what the rest of the world has been paying for decades. Europe has been paying 4-6 bucks a Liter forever now. We're just catching up.
The government has closed the drilling for oil in Alaska. (If memory serves me correctly.) If you believe what our President has stated here recently is that we don't have enough oil refineries here in the U.S. to refine the oil fast enough for our consumption.
We have been drilling and pumping oil up here in Alaska since 1977. The wildlife does not have any problems with the pipeline. We don't have enough oil to satisfy the wants and needs of the USA. Gas up here today was $3.85/gal.
We don't even use any oil from Alaska yet
Because the US sells it to CHINA!!!
Why isnt anyone protesting gas prices and oil prices it is really hard for the poor to live?
gas and oil makes people on fixed incomes and people working at mininum wage jobs really just surviveWhy isnt anyone protesting gas prices and oil prices it is really hard for the poor to live?
becuase they think mexicans coming over the border is more important then gas prices. its sad but true.Why isnt anyone protesting gas prices and oil prices it is really hard for the poor to live?
Prices in the US? Heck, it's less than milk per gallon. I don't know many poor folks with a car so why would we?
and even if people do protest, the government owns you. so theres no point.colorsilk revlon
becuase they think mexicans coming over the border is more important then gas prices. its sad but true.Why isnt anyone protesting gas prices and oil prices it is really hard for the poor to live?
Prices in the US? Heck, it's less than milk per gallon. I don't know many poor folks with a car so why would we?
and even if people do protest, the government owns you. so theres no point.
President Bush represents Texas, why is gas prices making texas oil companies and stock holders rich?
Do you think he has a hidden agenda? what does he have to lose? It's not like he can get re-elected....President Bush represents Texas, why is gas prices making texas oil companies and stock holders rich?
Of course he has a hidden agenda.. he has to please all those rich Texans that helped get him elected. Bush owe3s everybody.. he is a good old boy with lots of debts.President Bush represents Texas, why is gas prices making texas oil companies and stock holders rich?
The president by definition represents the US. He is FROM Texas, he does not represent it.
Do you think he has a hidden agenda? - No. The president has less affect on gas prices than you do. Want gas prices to go down? Use less. It is simple economics, supply and demand.
You are Liberal cannon fodder
why don't you buy stock instead of whining about everyone who has it? Do you have any idea how many pension funds invest in Exxon? Why don't you attack those little old couples who live off that pension? They are equally to blame.
he doesn't control oil prices. Investors do. Investors are hurting the public. I think a cap needs to be installed. I am not saying federalizing the petroleum industry, just monitor more closely.
Because he %26amp; his father %26amp; all their friends are Texas oil barrons...he is making money for himself %26amp; his friends %26amp; family? It is the republican way!!
Stocks arre traded publically. You can buy Oil Stock. Was there a question here?
you mean stock holders like Bill and Hillary Clinton?
figures you liberal hypocrites wouldnt like that fact.
Its only good to bash people that make their money from oil if they are republican.
Oil companies make the same amount of profit about 18 cents per gallon of gas regardless of the cost of crude oil . If you are paying $3.00 per gallon the Oil Companies could give you the fuel at cost and it would still cost you $2.82 per gallon. The additional money you are spending for gasoline is going to the crude oil producing countries, not the American refiners of crude oil.
Oil companies are publicly traded corporations. Each and every share holder receives part of the Oil Company's profits. That includes our pension plans, 401k's and any other Mutual Fund type of investing that buys their stock.
The President does not represent Texas. You may be surprised to know that the Al Gore family and the Ted Kennedy family are heavily invested in Oil. The Gore's own a major interest in Occidental Petroleum.
Don't believe the hype, it's deceitful!
.
Of course he has a hidden agenda.. he has to please all those rich Texans that helped get him elected. Bush owe3s everybody.. he is a good old boy with lots of debts.President Bush represents Texas, why is gas prices making texas oil companies and stock holders rich?
The president by definition represents the US. He is FROM Texas, he does not represent it.
Do you think he has a hidden agenda? - No. The president has less affect on gas prices than you do. Want gas prices to go down? Use less. It is simple economics, supply and demand.
You are Liberal cannon fodder
why don't you buy stock instead of whining about everyone who has it? Do you have any idea how many pension funds invest in Exxon? Why don't you attack those little old couples who live off that pension? They are equally to blame.
he doesn't control oil prices. Investors do. Investors are hurting the public. I think a cap needs to be installed. I am not saying federalizing the petroleum industry, just monitor more closely.
Because he %26amp; his father %26amp; all their friends are Texas oil barrons...he is making money for himself %26amp; his friends %26amp; family? It is the republican way!!
Stocks arre traded publically. You can buy Oil Stock. Was there a question here?
you mean stock holders like Bill and Hillary Clinton?
figures you liberal hypocrites wouldnt like that fact.
Its only good to bash people that make their money from oil if they are republican.
Oil companies make the same amount of profit about 18 cents per gallon of gas regardless of the cost of crude oil . If you are paying $3.00 per gallon the Oil Companies could give you the fuel at cost and it would still cost you $2.82 per gallon. The additional money you are spending for gasoline is going to the crude oil producing countries, not the American refiners of crude oil.
Oil companies are publicly traded corporations. Each and every share holder receives part of the Oil Company's profits. That includes our pension plans, 401k's and any other Mutual Fund type of investing that buys their stock.
The President does not represent Texas. You may be surprised to know that the Al Gore family and the Ted Kennedy family are heavily invested in Oil. The Gore's own a major interest in Occidental Petroleum.
Don't believe the hype, it's deceitful!
.
Now that Exxon-Mobil has reported profits of $1 billion a month, do you still believe why oil prices rose?
you bet ye I do.Now that Exxon-Mobil has reported profits of $1 billion a month, do you still believe why oil prices rose?
Speculation has been exposed as the real culprit in oil prices.
Bush put a stop to that by lifting the ban on off shore drilling.
If the democrats would stop supporting thei oil buddies, gas could be $1.50 again.Now that Exxon-Mobil has reported profits of $1 billion a month, do you still believe why oil prices rose?
It was 11 billion in earning for the second quater, and they paid 33 billion in taxes to the goverment who bitches about high gas prices.
Speculation has been exposed as the real culprit in oil prices.
Bush put a stop to that by lifting the ban on off shore drilling.
If the democrats would stop supporting thei oil buddies, gas could be $1.50 again.Now that Exxon-Mobil has reported profits of $1 billion a month, do you still believe why oil prices rose?
It was 11 billion in earning for the second quater, and they paid 33 billion in taxes to the goverment who bitches about high gas prices.
What would be the average rise in prices if Iran stopped oil production?
The price would not change as all OPEC countries would increase production. Iran cannot afford to stop production in that, that is their major means of earning foreign currency. Their economy would collapse as other oil producing countries would see there could be a knock-on effect and take measures to remedy it.What would be the average rise in prices if Iran stopped oil production?
Iran accounts for about 5.6% of world oil production. Assuming short-run elasticity of demand of -0.1 and long-run elasticity of demand of -0.3 (as estimated in John C.B. Cooper, ';Price elasticity of demand for crude oil: estimates for 23 countries,'; OPEC Review, Volume 27 Issue 1 Page 1, March 2003), the unantisipated removal of Iranian supply from the market could lead to a 50% price increase, with eventual stabilization at 15% above the initial price level.What would be the average rise in prices if Iran stopped oil production?
Who cares, we are going to develop anti-Iranian cars. Then Lilminibad won't be smiling, and the people will revolt against him.
Iran will not stop oil production. It may cut back its production and gets the best price for oil per barrel.
About 5 cents or the worth of their leader.
Iran accounts for about 5.6% of world oil production. Assuming short-run elasticity of demand of -0.1 and long-run elasticity of demand of -0.3 (as estimated in John C.B. Cooper, ';Price elasticity of demand for crude oil: estimates for 23 countries,'; OPEC Review, Volume 27 Issue 1 Page 1, March 2003), the unantisipated removal of Iranian supply from the market could lead to a 50% price increase, with eventual stabilization at 15% above the initial price level.What would be the average rise in prices if Iran stopped oil production?
Who cares, we are going to develop anti-Iranian cars. Then Lilminibad won't be smiling, and the people will revolt against him.
Iran will not stop oil production. It may cut back its production and gets the best price for oil per barrel.
About 5 cents or the worth of their leader.
Need information on a Oil painting called Mountain Peaks Artist is Wilmer. It's 47x24 need price and year.
Granted looking mountains, lake, tree's and snow on the mountains.Need information on a Oil painting called Mountain Peaks Artist is Wilmer. It's 47x24 need price and year.
Your in the wrong catagory try arts
Your in the wrong catagory try arts
Looking for the price per tonne of Heavy Crude Oil.?
Can anyone tell me where I can find up to date prices of Heavy Crude Oil, or does anyone know the current price? Thanks.Looking for the price per tonne of Heavy Crude Oil.?
Heavy crude is measured by the barrel, not the tonne.
42 gallons in a barrel. Currently over $66 per barrel.
You can click here:
http://www.kitco.com/
Then scroll all the way to the very bottom right of the page and they give up to the minute oil pricing.
Heavy crude is measured by the barrel, not the tonne.
42 gallons in a barrel. Currently over $66 per barrel.
You can click here:
http://www.kitco.com/
Then scroll all the way to the very bottom right of the page and they give up to the minute oil pricing.
Oil prices are dropping. So, why are gas prices still going up?
This has been happening very quietly since before Thanksgiving.
There is very little being said about this in the press.Oil prices are dropping. So, why are gas prices still going up?
GREEDOil prices are dropping. So, why are gas prices still going up?
Price gouging. They will get away with it as long as they can until enough people make a stink. Then prices will drop for awhile back to a comfort level...and when no one is looking, they will raise prices again and try to get away with as long as they can until enough people make a stink. It's an endless cycle.
i love this place they call america
Capitalism
It all comes down to greed. These oil companies are the worst. They control the price of every barrel of oil in this country. And they want more money. When the gas prices were outrages a couple of months ago, and they said there was an oil shortage. BS, there was no shortage. They raised it, to make more money now and in the long run. What were the gas prices before the high gas prices? 1.30, 1.40, 1.50, even less in most parts. But what is considered a ';low'; gas price? 2.00. That's where it's at, and it will continue to raise till they get satisfied. So, all in all it's greed.
Oil prices are Dropping, But as the market prices for the oils are not directly linked to the crude oil quotation, So the Prices are not reduced simultaneously, But,slow and Steady the Government will reasonably reduce the Oil Prices.We expect so.
THANKS
Money is the name of the game, baby!!!
Bush is allowing this as a form of ';Political Payback'; for all of the Oil companies that contributed heavily to his re-election campaign in 2004.
You can blame this on your Village Idiot aka George W. Bush!
Because Mr. Bush needs money for his troops!colorsilk revlon
There is very little being said about this in the press.Oil prices are dropping. So, why are gas prices still going up?
GREEDOil prices are dropping. So, why are gas prices still going up?
Price gouging. They will get away with it as long as they can until enough people make a stink. Then prices will drop for awhile back to a comfort level...and when no one is looking, they will raise prices again and try to get away with as long as they can until enough people make a stink. It's an endless cycle.
i love this place they call america
Capitalism
It all comes down to greed. These oil companies are the worst. They control the price of every barrel of oil in this country. And they want more money. When the gas prices were outrages a couple of months ago, and they said there was an oil shortage. BS, there was no shortage. They raised it, to make more money now and in the long run. What were the gas prices before the high gas prices? 1.30, 1.40, 1.50, even less in most parts. But what is considered a ';low'; gas price? 2.00. That's where it's at, and it will continue to raise till they get satisfied. So, all in all it's greed.
Oil prices are Dropping, But as the market prices for the oils are not directly linked to the crude oil quotation, So the Prices are not reduced simultaneously, But,slow and Steady the Government will reasonably reduce the Oil Prices.We expect so.
THANKS
Money is the name of the game, baby!!!
Bush is allowing this as a form of ';Political Payback'; for all of the Oil companies that contributed heavily to his re-election campaign in 2004.
You can blame this on your Village Idiot aka George W. Bush!
Because Mr. Bush needs money for his troops!
How much prices to change oil and filter for car in malaysia?
It's a very easy procedure, get the oil and filter and do it yourself.How much prices to change oil and filter for car in malaysia?
If you do not want to do it yourself, then call around for estimates or ask your friends with cars. Just be careful you get an honest shop.
If you do not want to do it yourself, then call around for estimates or ask your friends with cars. Just be careful you get an honest shop.
Please check my math. Ok if right now oil prices are around 78 a barrel why is fuel $3 a gallon?
Oil price since april have averaged around 70 a barrel and a gallon of fuel averaged about 2.65 a gallon. Ok now oil is at 78 a barrel and fuel is at 3 a gallon. Now if my math is corects that is a 10% increase and would be an addional 27 cents. So gas should be 2.92 a gallon at a maximum.
Now there is addional costs to refine fuels. Most of which are a flat amount on a gallon of fuel and shouldn't raise with the price of crude. So fuel shouldn't go up 10%.
Ok here is where the question is:
$70 a barrel the cost of a gallon of crude is $1.28 and a gallon of fuel is $2.65 and has a difference of $1.37 for processing. At $78 a barrel the cost of a gallon of crude is $1.42 a gallon and is $3.00 a gallon of fuel with a difference of 1.58 for processing.
So why is there a 21 cent difference in the refining price? Shouldn't it be the same? Crude oil price only went up 14 cents per gallon. Shouldn't fuel of matched it and not raised above it? So shouldn't fuel should be at 2.79 a gallonPlease check my math. Ok if right now oil prices are around 78 a barrel why is fuel $3 a gallon?
Ah, you left out ';supply and demand';. The world is convinced we will be without fuel within months due to the wars, and since now is when most Americans do their vacationing they demand more fuel and believe less is being supplied, and thusly the rates go up...but remember, just because the gas companies are having record profits this year and last, there's no gouging taking place....wow, did you see that? That bolt of lightening almost hit me!! :DPlease check my math. Ok if right now oil prices are around 78 a barrel why is fuel $3 a gallon?
I know also (at least in Canada) that alot of tax, ie. road construction is added into the cost of gas. I saw on the news just about a month ago, saying that if you took out all the tax in a litre of gas (what Canucks use/not gallons), it would only cost about 40 some odd cents a litre. But the actual cost of gas in Canada costs about $.95-$1.05 a litre. And like 60% of it is tax imposed by both the Federal and Provincial goverments.
You will drive yourself crazy trying to figure that one out. Why not put all of your thoughts toward trying to figure out how we can do with out it.
COS THEY CAN!
There is 'Pricing policy' and this is based on demand and supply and also 'what the people can bear'. Due to inflaction when all other commodities have increased that also will have to be matched for refining process. Is it not?
VR
well it costs money to get the oil to a refinery then it cost money to refine it then it cost money to get it to the station
taxes... and revenue.. if your're worried about gas then just get a horse
Now there is addional costs to refine fuels. Most of which are a flat amount on a gallon of fuel and shouldn't raise with the price of crude. So fuel shouldn't go up 10%.
Ok here is where the question is:
$70 a barrel the cost of a gallon of crude is $1.28 and a gallon of fuel is $2.65 and has a difference of $1.37 for processing. At $78 a barrel the cost of a gallon of crude is $1.42 a gallon and is $3.00 a gallon of fuel with a difference of 1.58 for processing.
So why is there a 21 cent difference in the refining price? Shouldn't it be the same? Crude oil price only went up 14 cents per gallon. Shouldn't fuel of matched it and not raised above it? So shouldn't fuel should be at 2.79 a gallonPlease check my math. Ok if right now oil prices are around 78 a barrel why is fuel $3 a gallon?
Ah, you left out ';supply and demand';. The world is convinced we will be without fuel within months due to the wars, and since now is when most Americans do their vacationing they demand more fuel and believe less is being supplied, and thusly the rates go up...but remember, just because the gas companies are having record profits this year and last, there's no gouging taking place....wow, did you see that? That bolt of lightening almost hit me!! :DPlease check my math. Ok if right now oil prices are around 78 a barrel why is fuel $3 a gallon?
I know also (at least in Canada) that alot of tax, ie. road construction is added into the cost of gas. I saw on the news just about a month ago, saying that if you took out all the tax in a litre of gas (what Canucks use/not gallons), it would only cost about 40 some odd cents a litre. But the actual cost of gas in Canada costs about $.95-$1.05 a litre. And like 60% of it is tax imposed by both the Federal and Provincial goverments.
You will drive yourself crazy trying to figure that one out. Why not put all of your thoughts toward trying to figure out how we can do with out it.
COS THEY CAN!
There is 'Pricing policy' and this is based on demand and supply and also 'what the people can bear'. Due to inflaction when all other commodities have increased that also will have to be matched for refining process. Is it not?
VR
well it costs money to get the oil to a refinery then it cost money to refine it then it cost money to get it to the station
taxes... and revenue.. if your're worried about gas then just get a horse
Monday, April 26, 2010
Do you think oil prices will increase if Venezuela cuts off its oil supply?
Yes. I hate to say this but if 10 people sneeze at the same time the price of oil will go up.Do you think oil prices will increase if Venezuela cuts off its oil supply?
They may been able to moderately spike oil prices in the short term but in the long term it would crumble their own economy. Remember they need the money from the sale of their oil.
Just my thoughts....Do you think oil prices will increase if Venezuela cuts off its oil supply?
not until after the elections.
Any excuse for a price increase is good enough. But no increase until after the election.
Yes.
Yes because we get 12% of our oil from them. I will bet it is more like 15%, though. They may choose not to be an oil buddy, and we will enjoy those post Katrina prices, $3 and up per gallon. Then we will be beating on other doors to hand it over. It's a dirty business isn't it?
yes!
They may been able to moderately spike oil prices in the short term but in the long term it would crumble their own economy. Remember they need the money from the sale of their oil.
Just my thoughts....Do you think oil prices will increase if Venezuela cuts off its oil supply?
not until after the elections.
Any excuse for a price increase is good enough. But no increase until after the election.
Yes.
Yes because we get 12% of our oil from them. I will bet it is more like 15%, though. They may choose not to be an oil buddy, and we will enjoy those post Katrina prices, $3 and up per gallon. Then we will be beating on other doors to hand it over. It's a dirty business isn't it?
yes!
Price of the Barrel of Crude Oil?
what did the price of the barrel rise $10.98?
now the price is 138.81Price of the Barrel of Crude Oil?
sucks dont itPrice of the Barrel of Crude Oil?
O yea which est. $5.1 a gallon. Just seen on cnn that its now actually 139.1 a gallon and yesterday it was 127.
$150.00 a barrel.
no ..now the price is $122 per ------ .
It is 123 now.
wooww
now the price is 138.81Price of the Barrel of Crude Oil?
sucks dont itPrice of the Barrel of Crude Oil?
O yea which est. $5.1 a gallon. Just seen on cnn that its now actually 139.1 a gallon and yesterday it was 127.
$150.00 a barrel.
no ..now the price is $122 per ------ .
It is 123 now.
wooww
Did Obama make a deal with the Saudi's in order to let oil prices drop so low?
Its actually evil Joe Biden and his oil buddy friends.Did Obama make a deal with the Saudi's in order to let oil prices drop so low?
Dick and George are daisies compared to Barrack
if you can't fix it, n_rig itDid Obama make a deal with the Saudi's in order to let oil prices drop so low?
NO THE PRICE OF OIL IS DROPPING BECAUSE OF THE DROP IN DEMAND.
Classified
Dick and George are daisies compared to Barrack
if you can't fix it, n_rig itDid Obama make a deal with the Saudi's in order to let oil prices drop so low?
NO THE PRICE OF OIL IS DROPPING BECAUSE OF THE DROP IN DEMAND.
Classified
Do anyone feel bad for the rich oil natios and companies now that oil has dropped in price?
I know I don't.Governments and Oil companies have been robbing the people left and right for years reaping huge profits from high oil prices.It was their high prices that has the economy in the mess that it is in today.High oil prices is like blowing a bubblewith bubble gum.U blow it big enough,the bubble will burst.Working people paid the price when oil was high.Now they are paying with their jobs,now that we are in a depression.Greed is a disease.We all should try and get it out of our lives as we would any other sickness.Do anyone feel bad for the rich oil natios and companies now that oil has dropped in price?
yes I feel terrible that while I can barely afford groceries some one will go from $500,000+ yearly income to $300,000. The Jags and vacation homes they will sacrifice is horrible. You are so right about greed. I don't mean some people don't deserve the massive salary they earn, but I think it is ridiculous that people are losing sight of whats really important in life.Do anyone feel bad for the rich oil natios and companies now that oil has dropped in price?
Well they didn't feel bad for us, and they are still robbing us just not as bad. It doesn't cost them $1.45 to make a gallon of gas.colorsilk revlon
yes I feel terrible that while I can barely afford groceries some one will go from $500,000+ yearly income to $300,000. The Jags and vacation homes they will sacrifice is horrible. You are so right about greed. I don't mean some people don't deserve the massive salary they earn, but I think it is ridiculous that people are losing sight of whats really important in life.Do anyone feel bad for the rich oil natios and companies now that oil has dropped in price?
Well they didn't feel bad for us, and they are still robbing us just not as bad. It doesn't cost them $1.45 to make a gallon of gas.
How can a tax on US oil companies lower the price of a global commodity?
These are the people who effectively recover, refine and deliver the product we need. Do any of you remember gas lines?
How will punishing them to quell some sense of envy (inherent in most liberals) make the situation any better. I think it is exactly the wrong thing to do.
There are plenty of companies whose profits on a percentage of their total sales have far outpaced any of these oil companies in recent quarters. Below are a few quick 'Net Profit Margin' numbers for a recent quarter (like last month) obtained very easily from Google.
exon Mobile 10.00%
Chevron 7.94%
Conoco Philips 7.32%
Bp 8.60%
Royal Dutch Shell 8.05%
Boeing 7.54%
Ge 10.32%
3M 15.57%
Microsoft 30.36%
Cisco 20.95%
Bayer Schering Pharma 12.17%
Merck %26amp; Co., Inc. 56.73%
Pfizer Inc. 23.58%
Spite, and revenge helps no one. I think the liberals are not in fact trying to help us, they want us weaker and this effort has been in play for years.How can a tax on US oil companies lower the price of a global commodity?
You're right, at tax will not only help no one, it will actually cause the price we pay for a gallon of gas to go up. If Clinton would not have vetoed the ANWAR drilling bill in 1995, we would be benefiting from that oil right now. How about all the wells Jimmy Carter capped in the 70s? Again, we would have more oil. Obama was told that if he raises capital gains taxes, revenue to the government goes down, but he didn't seem to care. He wants to raise taxes (as all liberals do) to make things ';fair.'; Well, it seems that he hasn't realized that the world isn't fair, as Darwin said it's ';survival of the fittest,'; and if we keep ignoring the laws of capitalism and supply and demand, our economy won't be fit for much.How can a tax on US oil companies lower the price of a global commodity?
It's not about the percentages, but about sheer absolute numbers. If you look again, you'll find the absolute profits of the oil companies far higher than those other companies.
Say I sell a candy bar I bought for 50 cents for a dollar. That's a net profit margin of 50%, but does that mean I'm more profitable than the oil companies? No...
Yes the Democrats have no answers. They have had two years to make a change and have not been successful. It is time for a CHANGE to better government. Elect Republicans to be your next congresspeople to lead our nation.
Liberal Democrats will increase your taxes and my taxes and we all will be poorer! Vote McCain!
Well we're stuck between a rock and a hard place. A Bunch of greed driven executives who'd throw babies in acid for a buck or nationalize it and give it to a government that dosn't understand the round peg dosn't go in the square hole.
Many people nowadays believe in the ';Whiney Wife Syndrome.';
You know....
If you punish or whine enough about it, they will just do what you want. I just hope the Oil Companies don't ';divorce'; us.
This subservient attitude of bowing down to the oil companies is sickening. We need to address this issue and whining about liberals isn't helping.
The better educated Obama supporters apparently have an ability that permits them to ignore the obvious facts and settle on those fabricated to fit their agenda.
It can't. Last time we tried this our domestic supply plummeted and our foreign dependence skyrocketed. The Democrats loaded up the bill with measures that would never pass so they could gain a headline.
Yeah. Exxon can't get by on less than $120 per barrel this year, even though they got by on $30 per barrel eight years ago. I wonder if they charge $30 per barrel for oil they pump in Texas?
Great analysis! Many of us know the answer......
Your right...but liberals don't care how bad it hurts us, as long as they get their way.
how can giving a tax break to the rich that sends jobs overseas help the economy?
It can't. The liberals are not concerned with the effects of their causes. They just vote for whatever ';feels good,'; or gets them votes. The Dems came to power in Congress on the promise of lower gas prices over two years ago now. I'm still waiting...
Consumers are captives of the oil companies and have no choice. ExxonMobil has made more money in one year than any other corporation in US history.
Your margin comparisons are meaningless. My lipstick manufacturer has a higher profit margin than the companies you mentioned, and so what?
The idea is to recoup some of the money that consumers are spending and that goes to companies that are rolling in the dough. I don't get the point of defending the oil companies. I think if you honestly looked at the problem you would be trying to suggest ways that Congress can address it rather than dismissing any attempts as ';spite and revenge.';
How will punishing them to quell some sense of envy (inherent in most liberals) make the situation any better. I think it is exactly the wrong thing to do.
There are plenty of companies whose profits on a percentage of their total sales have far outpaced any of these oil companies in recent quarters. Below are a few quick 'Net Profit Margin' numbers for a recent quarter (like last month) obtained very easily from Google.
exon Mobile 10.00%
Chevron 7.94%
Conoco Philips 7.32%
Bp 8.60%
Royal Dutch Shell 8.05%
Boeing 7.54%
Ge 10.32%
3M 15.57%
Microsoft 30.36%
Cisco 20.95%
Bayer Schering Pharma 12.17%
Merck %26amp; Co., Inc. 56.73%
Pfizer Inc. 23.58%
Spite, and revenge helps no one. I think the liberals are not in fact trying to help us, they want us weaker and this effort has been in play for years.How can a tax on US oil companies lower the price of a global commodity?
You're right, at tax will not only help no one, it will actually cause the price we pay for a gallon of gas to go up. If Clinton would not have vetoed the ANWAR drilling bill in 1995, we would be benefiting from that oil right now. How about all the wells Jimmy Carter capped in the 70s? Again, we would have more oil. Obama was told that if he raises capital gains taxes, revenue to the government goes down, but he didn't seem to care. He wants to raise taxes (as all liberals do) to make things ';fair.'; Well, it seems that he hasn't realized that the world isn't fair, as Darwin said it's ';survival of the fittest,'; and if we keep ignoring the laws of capitalism and supply and demand, our economy won't be fit for much.How can a tax on US oil companies lower the price of a global commodity?
It's not about the percentages, but about sheer absolute numbers. If you look again, you'll find the absolute profits of the oil companies far higher than those other companies.
Say I sell a candy bar I bought for 50 cents for a dollar. That's a net profit margin of 50%, but does that mean I'm more profitable than the oil companies? No...
Yes the Democrats have no answers. They have had two years to make a change and have not been successful. It is time for a CHANGE to better government. Elect Republicans to be your next congresspeople to lead our nation.
Liberal Democrats will increase your taxes and my taxes and we all will be poorer! Vote McCain!
Well we're stuck between a rock and a hard place. A Bunch of greed driven executives who'd throw babies in acid for a buck or nationalize it and give it to a government that dosn't understand the round peg dosn't go in the square hole.
Many people nowadays believe in the ';Whiney Wife Syndrome.';
You know....
If you punish or whine enough about it, they will just do what you want. I just hope the Oil Companies don't ';divorce'; us.
This subservient attitude of bowing down to the oil companies is sickening. We need to address this issue and whining about liberals isn't helping.
The better educated Obama supporters apparently have an ability that permits them to ignore the obvious facts and settle on those fabricated to fit their agenda.
It can't. Last time we tried this our domestic supply plummeted and our foreign dependence skyrocketed. The Democrats loaded up the bill with measures that would never pass so they could gain a headline.
Yeah. Exxon can't get by on less than $120 per barrel this year, even though they got by on $30 per barrel eight years ago. I wonder if they charge $30 per barrel for oil they pump in Texas?
Great analysis! Many of us know the answer......
Your right...but liberals don't care how bad it hurts us, as long as they get their way.
how can giving a tax break to the rich that sends jobs overseas help the economy?
It can't. The liberals are not concerned with the effects of their causes. They just vote for whatever ';feels good,'; or gets them votes. The Dems came to power in Congress on the promise of lower gas prices over two years ago now. I'm still waiting...
Consumers are captives of the oil companies and have no choice. ExxonMobil has made more money in one year than any other corporation in US history.
Your margin comparisons are meaningless. My lipstick manufacturer has a higher profit margin than the companies you mentioned, and so what?
The idea is to recoup some of the money that consumers are spending and that goes to companies that are rolling in the dough. I don't get the point of defending the oil companies. I think if you honestly looked at the problem you would be trying to suggest ways that Congress can address it rather than dismissing any attempts as ';spite and revenge.';
In view of rising oil prices, do you think the US should drill the Alaskan oil reserves?
Absolutely, we should be getting to our own resources since we have more than enough for an eternity. Furthermore, we see foreign country's slant drilling OFF OF OUR COASTS (Florida and California) dipping into our OWN RESERVES. Something is majorly wrong when our Politicians listen to the eco bullies and refuse to let us use our own resources!!!!! It has been proven that we can drill, use coal to oil, withOUT harming our environment or its inhabitants.
I must further add, that we are going to NEED these, our own reserves, to bide this Country OVER until alternatives are up, running smoothly and cost effective. Do you realize that almost everything needs ';oil'; to be made, so in that respective no matter what alternatives, we will still be needing oil.
WAKE UP AMERICA..........our POLITICIANS are actually hijacking this country of OURS. I also have just read, and do not have the link at the moment, that again our Congress will be voting on just another bill that WILL INCREASE the taxes on said oil/gas.In view of rising oil prices, do you think the US should drill the Alaskan oil reserves?
I honestly don't know.
What I DO know is that the drilling is blocked in Congress.
Now, if the oil up there were not economically feasible to bring to market, as was alleged above, then there is no need for the law, and repealing it will change nothing.
However, if it is economically feasible, it will have an impact on the market price of crude oil worldwide, and that can only be in one direction.
In view of rising oil prices, what I think the US should do is eliminate all of the regulation that is preventing oil exploration and drilling, construction of refineries and nuclear power plants, and stop subsidizing alternative energy because if it needs a subsidy, it is by definition less efficient and will distort the markets (which is always to the consumer's disadvantage).In view of rising oil prices, do you think the US should drill the Alaskan oil reserves?
Would have little to no effect on the current gas prices. Most experts I've read say that the ANWR oil would take until about 1015 at the earliest to enter the market. The Bakken oil field in western North Dakota and eastern Montana (which is already being drilled) holds far more oil than ANWR and is not in a National Wildlife Refuge. It is foolish to believe that the normal laws of supply and demand are viable in the oil industry.
No way. Even the best projections don't have us drilling enough oil to do more than a drop in the bucket, it would be ten years before the drilling could actually supply us with any oil, and the potential harm we could cause while creating no benefits make this obvious.
Why would we do it? Cheap oil? If we keep worrying ourselves only with cheap oil, we'll never truly fix the crisis we created... Oil is dying, soon to be a dead technology -- what will live?
all you have to do is read some of these stupid answers as why we should not drill anywhere'; it would not help'; is the same lame azz excuse the Know nothing have been using for over twenty years and you see what they have caused. $4.00 gas can been directly blamed on the environmentalist and their hammer hold on congress
NO! Gas prices have nothing to do with supply and demand, at least not in the conventional way.
http://www.usatoday.com/money/energy/200鈥?/a>
are you insane??? do you want us to be independent and non reliant on foreign oil? do you want the democrats to do something in the best interest of the people? where do you think you are, the USA??????
yes, also start drilling off the coasts too! China with the help of Cuba is getting oil 58 miles off the Florida coast. Next, we will be buying oil from cuba.
Drill Hillary's greasey A** if there's oil there,Alaska,and all 3 coasts.
Absolutely.
yes if they think there oil in my back yard there welcome to dig with a 70/30 split there favor
Yes.
...after we strangle environmentalists in their beds
Yes. And off the US coast. And mine the tar shale in Colorado.
I must further add, that we are going to NEED these, our own reserves, to bide this Country OVER until alternatives are up, running smoothly and cost effective. Do you realize that almost everything needs ';oil'; to be made, so in that respective no matter what alternatives, we will still be needing oil.
WAKE UP AMERICA..........our POLITICIANS are actually hijacking this country of OURS. I also have just read, and do not have the link at the moment, that again our Congress will be voting on just another bill that WILL INCREASE the taxes on said oil/gas.In view of rising oil prices, do you think the US should drill the Alaskan oil reserves?
I honestly don't know.
What I DO know is that the drilling is blocked in Congress.
Now, if the oil up there were not economically feasible to bring to market, as was alleged above, then there is no need for the law, and repealing it will change nothing.
However, if it is economically feasible, it will have an impact on the market price of crude oil worldwide, and that can only be in one direction.
In view of rising oil prices, what I think the US should do is eliminate all of the regulation that is preventing oil exploration and drilling, construction of refineries and nuclear power plants, and stop subsidizing alternative energy because if it needs a subsidy, it is by definition less efficient and will distort the markets (which is always to the consumer's disadvantage).In view of rising oil prices, do you think the US should drill the Alaskan oil reserves?
Would have little to no effect on the current gas prices. Most experts I've read say that the ANWR oil would take until about 1015 at the earliest to enter the market. The Bakken oil field in western North Dakota and eastern Montana (which is already being drilled) holds far more oil than ANWR and is not in a National Wildlife Refuge. It is foolish to believe that the normal laws of supply and demand are viable in the oil industry.
No way. Even the best projections don't have us drilling enough oil to do more than a drop in the bucket, it would be ten years before the drilling could actually supply us with any oil, and the potential harm we could cause while creating no benefits make this obvious.
Why would we do it? Cheap oil? If we keep worrying ourselves only with cheap oil, we'll never truly fix the crisis we created... Oil is dying, soon to be a dead technology -- what will live?
all you have to do is read some of these stupid answers as why we should not drill anywhere'; it would not help'; is the same lame azz excuse the Know nothing have been using for over twenty years and you see what they have caused. $4.00 gas can been directly blamed on the environmentalist and their hammer hold on congress
NO! Gas prices have nothing to do with supply and demand, at least not in the conventional way.
http://www.usatoday.com/money/energy/200鈥?/a>
are you insane??? do you want us to be independent and non reliant on foreign oil? do you want the democrats to do something in the best interest of the people? where do you think you are, the USA??????
yes, also start drilling off the coasts too! China with the help of Cuba is getting oil 58 miles off the Florida coast. Next, we will be buying oil from cuba.
Drill Hillary's greasey A** if there's oil there,Alaska,and all 3 coasts.
Absolutely.
yes if they think there oil in my back yard there welcome to dig with a 70/30 split there favor
Yes.
...after we strangle environmentalists in their beds
Yes. And off the US coast. And mine the tar shale in Colorado.
Unemployment has hit a 2 year high, how long until high oil prices completely sink our economy?
At the same time, the national unemployment rate rose from 4.8 percent to 5.1 percent, the clearest signal yet that the economy might already be shrinking.
http://news.yahoo.com/s/ap/20080404/ap_o鈥?/a>Unemployment has hit a 2 year high, how long until high oil prices completely sink our economy?
Would be the perfect time to switch to alternatives fuels wouldn't it? Can't really claim it will hrm the economy to do so, when it is actually saving it fromt he expensive fossil fuels.
Let the middle eastern countries try supporting terrorism by selling sand.
Some people just don't ever learn. Example: people who say you don't have to worry if you study hard in school and geta degree when temp services are swallowing up professional jobs to.Unemployment has hit a 2 year high, how long until high oil prices completely sink our economy?
We pay less for oil now than we did in the fifties when you take into account the rate of inflation. Stop worrying about the sky falling and become for fiscally responsible yourself.
It's just the beginning. Here in Michigan we have had such effects for years. Some parts of the country will fare better than others, depending on the type of business's in the area.
I wish high oil prices were all that were sinking the economy. That would be easy to fix. Unfortunately, there are a lot of other things that are ruining our economy, not the least of which is the national debt. Then there's outsourcing and the trade deficit.
if you study hard in school and college, you don't have to worry.
But, the Dems' love to pander to high school dropouts. So, it should happen soon
Damn it. ask OPEC!
Lets raise the minimum wage and NOT be prepared for the resulting outcome from it beforehand.
duh
A 2 year high out if 3 years polled. WOW were doomed. I wanna make hamburger out of your hind quarters. mooo
http://news.yahoo.com/s/ap/20080404/ap_o鈥?/a>Unemployment has hit a 2 year high, how long until high oil prices completely sink our economy?
Would be the perfect time to switch to alternatives fuels wouldn't it? Can't really claim it will hrm the economy to do so, when it is actually saving it fromt he expensive fossil fuels.
Let the middle eastern countries try supporting terrorism by selling sand.
Some people just don't ever learn. Example: people who say you don't have to worry if you study hard in school and geta degree when temp services are swallowing up professional jobs to.Unemployment has hit a 2 year high, how long until high oil prices completely sink our economy?
We pay less for oil now than we did in the fifties when you take into account the rate of inflation. Stop worrying about the sky falling and become for fiscally responsible yourself.
It's just the beginning. Here in Michigan we have had such effects for years. Some parts of the country will fare better than others, depending on the type of business's in the area.
I wish high oil prices were all that were sinking the economy. That would be easy to fix. Unfortunately, there are a lot of other things that are ruining our economy, not the least of which is the national debt. Then there's outsourcing and the trade deficit.
if you study hard in school and college, you don't have to worry.
But, the Dems' love to pander to high school dropouts. So, it should happen soon
Damn it. ask OPEC!
Lets raise the minimum wage and NOT be prepared for the resulting outcome from it beforehand.
duh
A 2 year high out if 3 years polled. WOW were doomed. I wanna make hamburger out of your hind quarters. mooo
Unemployment has hit a 2 year high, how long until high oil prices completely sink our economy?
At the same time, the national unemployment rate rose from 4.8 percent to 5.1 percent, the clearest signal yet that the economy might already be shrinking.
http://news.yahoo.com/s/ap/20080404/ap_o鈥?/a>Unemployment has hit a 2 year high, how long until high oil prices completely sink our economy?
Would be the perfect time to switch to alternatives fuels wouldn't it? Can't really claim it will hrm the economy to do so, when it is actually saving it fromt he expensive fossil fuels.
Let the middle eastern countries try supporting terrorism by selling sand.
Some people just don't ever learn. Example: people who say you don't have to worry if you study hard in school and geta degree when temp services are swallowing up professional jobs to.Unemployment has hit a 2 year high, how long until high oil prices completely sink our economy?
We pay less for oil now than we did in the fifties when you take into account the rate of inflation. Stop worrying about the sky falling and become for fiscally responsible yourself.
It's just the beginning. Here in Michigan we have had such effects for years. Some parts of the country will fare better than others, depending on the type of business's in the area.
I wish high oil prices were all that were sinking the economy. That would be easy to fix. Unfortunately, there are a lot of other things that are ruining our economy, not the least of which is the national debt. Then there's outsourcing and the trade deficit.
if you study hard in school and college, you don't have to worry.
But, the Dems' love to pander to high school dropouts. So, it should happen soon
Damn it. ask OPEC!
Lets raise the minimum wage and NOT be prepared for the resulting outcome from it beforehand.
duh
A 2 year high out if 3 years polled. WOW were doomed. I wanna make hamburger out of your hind quarters. mooo
http://news.yahoo.com/s/ap/20080404/ap_o鈥?/a>Unemployment has hit a 2 year high, how long until high oil prices completely sink our economy?
Would be the perfect time to switch to alternatives fuels wouldn't it? Can't really claim it will hrm the economy to do so, when it is actually saving it fromt he expensive fossil fuels.
Let the middle eastern countries try supporting terrorism by selling sand.
Some people just don't ever learn. Example: people who say you don't have to worry if you study hard in school and geta degree when temp services are swallowing up professional jobs to.Unemployment has hit a 2 year high, how long until high oil prices completely sink our economy?
We pay less for oil now than we did in the fifties when you take into account the rate of inflation. Stop worrying about the sky falling and become for fiscally responsible yourself.
It's just the beginning. Here in Michigan we have had such effects for years. Some parts of the country will fare better than others, depending on the type of business's in the area.
I wish high oil prices were all that were sinking the economy. That would be easy to fix. Unfortunately, there are a lot of other things that are ruining our economy, not the least of which is the national debt. Then there's outsourcing and the trade deficit.
if you study hard in school and college, you don't have to worry.
But, the Dems' love to pander to high school dropouts. So, it should happen soon
Damn it. ask OPEC!
Lets raise the minimum wage and NOT be prepared for the resulting outcome from it beforehand.
duh
A 2 year high out if 3 years polled. WOW were doomed. I wanna make hamburger out of your hind quarters. mooo
Explain the effect that an increase in the price of cars is likely to have on the market for COAL and OIL.?
An increaase in price with cause a decrease in sales, and a decrease in sles will cause a dcrease in use hence cauing a decrease in price of fuel.
Liberal Peak Oilers & Obama said oil is running out. Doesn't price collapse prove them wrong?
Just think about what you just said. We keep taking oil out of the ground. One day it will be gone. Or do you think oil comes from your home planet? You say ';if oil is running out.'; ONE DAY IT WILL BE GONE. Read that sentence until you understand it. There is no underground endless supply of oil. One day it will be gone. Why do you think the dems are pushing for alternative energy and battery run cars? One day it will be gone.Liberal Peak Oilers %26amp; Obama said oil is running out. Doesn't price collapse prove them wrong?
Even the oil companies now admit they've crossed over the peak in accessible oil. What the rapid decline in the price of oil proves is that the price is being manipulated by speculators. That should really piss off you conservative free marketeers.Liberal Peak Oilers %26amp; Obama said oil is running out. Doesn't price collapse prove them wrong?
You do realize how foolish you sound? It is a limited resource. Would it not be smarter to plan for that end now or do you just want to screw your children and let them deal with it? Or are you one of those 2012 end of world people so you have support of reasons for not caring?
America has more oil than Saudi Arabia. There is still so much oil that we haven't gotten to yet. The only problem is that it is difficult to process.
We're not running out of oil. Obama just wants people to think that so he can get his buddies that own alternative energy companies exclusive government deals...GE (Smart Grid), T. Boone Pickens (wind farms)
No. We have a temporary excess of oil due to economic slow down. Enjoy it while you can. We will have $80 a barrel oil within a year.
idk
No. Oil is a limited commodity--like it or not.
Theoretically, you are right. But people cannot raise the money to buy up the oil because the financial markets are still frozen. They are frozen because of global economic collapse. And the global collapse is what drove down the price of oil.
So in order to buy up all that cheap oil, you have to have the capital. To get the capital you have to get the world economy moving. And as soon as you do that the oil demand will go up and it won't be cheap anymore.
EDIT: There is a finite amount of sand in the world.
at the End of Last Summer Senator Chuck Hagel and The Secratary of Agriculture wrote me back xplaining that they were going to increase the fines and prosecution against the Speculaters that were Manipulating the Market prices for oil..........!
it is in the New Farm Bill~!
i noticed the oil prices dropped real fast after that Bill was attached~!
i posted the letters on here but some Neo-cons wet their panty's and had me violated, gang violated...........!
i still have the letters layin around here somewhere~!
Oil is a finite resource, just because the supply isn't drying up today doesn't mean that it is not a reality for the future.
At the rate of consumption we are going at oil cannot and will not last forever.
No one--besides a few kooks--claim ';oii is running out.'; Certainly not Obama.
The situations this:
a) the US does not have enough oil reserves to mmet our current consumption--drilling or no dirilling. Sothe conservatives want to betray America by keeping us hostage to foreign oil suppliers rather than change.
b) Oil is an essentially obsolete technology. Hybrids or electrics are cheaper to operate and electrics are, once produced in volume, cheaper to build. So the conservatives--none of whome knows squat about engineering, want consuers to keep using outdated technology just so they don't have to change.
c) oil (and coal) are the root cause of global warming and is already causing problems, which are only going to get worse if we don't act. So conservatives--none of whome understand the science--rant ';it's only a theory'; and demand we don't change anything.
Oh--one more thing:
d) No one is paying any attention to the conservatives. Why should we suffer or do without just so they don't have to change?
They are saying that to hopefully drive up prices. The liberals want it to run out so we can all drive cars on corn oil. So much for all the people that work in the oil business from taking it out of the ground and getting it to your local gas station.
Oh wait, they won't let us drill either.
I've been hearing this since before I could drive.colorsilk revlon
Even the oil companies now admit they've crossed over the peak in accessible oil. What the rapid decline in the price of oil proves is that the price is being manipulated by speculators. That should really piss off you conservative free marketeers.Liberal Peak Oilers %26amp; Obama said oil is running out. Doesn't price collapse prove them wrong?
You do realize how foolish you sound? It is a limited resource. Would it not be smarter to plan for that end now or do you just want to screw your children and let them deal with it? Or are you one of those 2012 end of world people so you have support of reasons for not caring?
America has more oil than Saudi Arabia. There is still so much oil that we haven't gotten to yet. The only problem is that it is difficult to process.
We're not running out of oil. Obama just wants people to think that so he can get his buddies that own alternative energy companies exclusive government deals...GE (Smart Grid), T. Boone Pickens (wind farms)
No. We have a temporary excess of oil due to economic slow down. Enjoy it while you can. We will have $80 a barrel oil within a year.
idk
No. Oil is a limited commodity--like it or not.
Theoretically, you are right. But people cannot raise the money to buy up the oil because the financial markets are still frozen. They are frozen because of global economic collapse. And the global collapse is what drove down the price of oil.
So in order to buy up all that cheap oil, you have to have the capital. To get the capital you have to get the world economy moving. And as soon as you do that the oil demand will go up and it won't be cheap anymore.
EDIT: There is a finite amount of sand in the world.
at the End of Last Summer Senator Chuck Hagel and The Secratary of Agriculture wrote me back xplaining that they were going to increase the fines and prosecution against the Speculaters that were Manipulating the Market prices for oil..........!
it is in the New Farm Bill~!
i noticed the oil prices dropped real fast after that Bill was attached~!
i posted the letters on here but some Neo-cons wet their panty's and had me violated, gang violated...........!
i still have the letters layin around here somewhere~!
Oil is a finite resource, just because the supply isn't drying up today doesn't mean that it is not a reality for the future.
At the rate of consumption we are going at oil cannot and will not last forever.
No one--besides a few kooks--claim ';oii is running out.'; Certainly not Obama.
The situations this:
a) the US does not have enough oil reserves to mmet our current consumption--drilling or no dirilling. Sothe conservatives want to betray America by keeping us hostage to foreign oil suppliers rather than change.
b) Oil is an essentially obsolete technology. Hybrids or electrics are cheaper to operate and electrics are, once produced in volume, cheaper to build. So the conservatives--none of whome knows squat about engineering, want consuers to keep using outdated technology just so they don't have to change.
c) oil (and coal) are the root cause of global warming and is already causing problems, which are only going to get worse if we don't act. So conservatives--none of whome understand the science--rant ';it's only a theory'; and demand we don't change anything.
Oh--one more thing:
d) No one is paying any attention to the conservatives. Why should we suffer or do without just so they don't have to change?
They are saying that to hopefully drive up prices. The liberals want it to run out so we can all drive cars on corn oil. So much for all the people that work in the oil business from taking it out of the ground and getting it to your local gas station.
Oh wait, they won't let us drill either.
I've been hearing this since before I could drive.
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