I look for a list - history of prices on rapeseed/rapeseed oil internationally starting from 2002.Rapeseed/Rapeseed oil prices internationally starting from 2002?
Don't know if this will help, but perhaps it will.
Try a search of rapeseed futures.Rapeseed/Rapeseed oil prices internationally starting from 2002?
Thank you Moe J!
Your answer helped me. Report Abuse
Friday, July 30, 2010
Why do prices of electrical wire follow oil prices?
electrical wire pricesWhy do prices of electrical wire follow oil prices?
Doh!! The reason the prices of wire follow the prices of oil, the outer jacket of Wire is Plastic an oil based product, Thus the reason oil goes up so does the prices of wire.Why do prices of electrical wire follow oil prices?
It's merely a coincidence..
The price of OIL and the price of COPPER have been in flux for years...
Precisely why in america they want to get rid of the penny...
it will soon cost more than a penny to make them.
Just imagine if they were solid copper like the old wheat backs.
It follows the copper market. During high economic growth periods, copper (for wiring) %26amp; oil for fuel are both simultaneously in high demand.
everything does to some degree cos of the oil used in production packaging and transportation, and because wire is used in massive quantities in industry the companys selling it would lose out if they didnt increase there costs immediatly.
Doh!! The reason the prices of wire follow the prices of oil, the outer jacket of Wire is Plastic an oil based product, Thus the reason oil goes up so does the prices of wire.Why do prices of electrical wire follow oil prices?
It's merely a coincidence..
The price of OIL and the price of COPPER have been in flux for years...
Precisely why in america they want to get rid of the penny...
it will soon cost more than a penny to make them.
Just imagine if they were solid copper like the old wheat backs.
It follows the copper market. During high economic growth periods, copper (for wiring) %26amp; oil for fuel are both simultaneously in high demand.
everything does to some degree cos of the oil used in production packaging and transportation, and because wire is used in massive quantities in industry the companys selling it would lose out if they didnt increase there costs immediatly.
I tink oil prices SHOULD get to 10.00 per gallon. Do you agree?
I will help lower careless useage and pollution.I tink oil prices SHOULD get to 10.00 per gallon. Do you agree?
While not being precise on a price (ie here: $10 a gallon), I do belive the price of oil has artificially been kept low for years and years, in order to arrange many parties, like the USA for their lifestyle and foreign policy, some oil-producing countries for them to develop their infrastructures and establish their oligarchy while still getting rich, and the ultra rich class in general.
Oil price should keep climbing up in the coming years. Other forms of energy are much more efficient, overall and this should be reflected in the price. If we invested as much money in alternative energy R%26amp;D as we do in oil R%26amp;D, the problem would be solved.
But the Market will eventually get there, thanks to its nature of always going where it's cheaper and most profitable, and oil will soon be on a par with other forms of energy.
We're in dire need of a scientific breakthrough, like were the telephone or the Internet, the steam engine and the railroad system, control of electricity and the transistor. These all changed our societies and way of life in a fundamental manner, and it's time to do it again soon on the energy level.
Let's tell our governments to inject more money on this type of research, and to encourage the private sector to do so by adopting policies that will encourage it even more.
-ChrisLI tink oil prices SHOULD get to 10.00 per gallon. Do you agree?
Unbelievable...Do you live on an island somewhere and grow your own food? What a disaster $ 10. per gallon gas would be right now. Do you understand economics at all??? I agree we should start concentrating on other sources of energy, but talk to Congress, they are the ones standing in the way of all progress on that one. I lived thru the last mess with Nixon and Carter..they have been talking about this problem going on forty years...still nothing is done...there are laws against every bit of progress that is proposed. Tell congress to get out of the way!!! Drill here, start letting companys get thru all the red tape the politicians have put in their way...find new proven energy sources that will eventually get us back on track. Don't listen to all the blustering, hot winded politicians telling us if we drill here it will take sooooo many years to get results..We have to start somewhere...the latest projection is 2 years, and that is coming from the oil companies. Meanwhile we can let companies do what they do best...compete with each other to see who can come up with the best solution on energy. Get the government out of the picture!!!
How the hell do you think it will LOWER 'careless' useage.
In my opinion, gas is not used carelessly. Every fricken time I fill up my tank, I don't want to. I don't think ANYONE carelessly used gas. It is over 4 bucks now...at least where I live...and I don't think that anyone would want to fill up their tank when gas is 10 bucks. But, you sort of do have a point...about the pollution part of your question. I do think that if gas/oil prices where to get that high (which they almost are overseas in the U.K.) that most American's would not drive as much, and would start to use more community transportaion such as busses. But think about this, if gas was at 10 dollars a gallon, don't you think that most people would still pay for gas? I mean, the American econmeny and technology is booming right now, and everything is growing and most people are working far away from home. So my point is that most poeple would still pay 10 dollars because they don't want allternatives and they just want to get somewhere. Most American's are lazy...that's MY opinion. So they will just fork over the cash in order to get what THEY want to get done. Yes, I know I am getting off track, but I think that more rather than less American's will still pay for they 10 dollar a gallon gas. But in conclusion, I do think that it will lower pollution, but not 'careless' ussage. Fantastic question by the way.
Why is it that those who want an increase in petrol prices live insular sad lives, never travel, never see anyone beyond their little village walls. Sorry, but I live in the 21st Century and i'm not going back to some sort of horrific medeival lifestyle.. you'll want to burn any outsiders at the stake next.. sad.
No I do not. It will not lower consumption and usage and pollution. People will drive no matter what the price. You really need to re-think your position. People need to buy cars that use less fuel, that would help, pollution, public transport is huge pollter as are businesses. Re check your facts
i understand what you mean, but first of all there are so many negatives to $10.00 per gallon gas... the biggest one of all.. the entire economy will collapse.. so much of our economy is based on gas.. if gas goes to 10 bucks and nobody buys it.. then stocks will crash.. companies would have to file bankruptcy.. people will loose so much money.. and the country will greatly suffer.. we alrdy have problems with the real estate business and then the oil business too... we dont want to go into another depression now do we..?
Yes and we can convert our food into fuel and burn that in our cars. People will starve and that will help reduce over population which is destroying the planet.
Absolutely! Then mother earth would be saved cause people would stop using poisonous resources!
Wake Up!! If every car and truck stopped running right now it would not stop the global warming problem.
You want world economic collapse?
Not for at least 2 years
While not being precise on a price (ie here: $10 a gallon), I do belive the price of oil has artificially been kept low for years and years, in order to arrange many parties, like the USA for their lifestyle and foreign policy, some oil-producing countries for them to develop their infrastructures and establish their oligarchy while still getting rich, and the ultra rich class in general.
Oil price should keep climbing up in the coming years. Other forms of energy are much more efficient, overall and this should be reflected in the price. If we invested as much money in alternative energy R%26amp;D as we do in oil R%26amp;D, the problem would be solved.
But the Market will eventually get there, thanks to its nature of always going where it's cheaper and most profitable, and oil will soon be on a par with other forms of energy.
We're in dire need of a scientific breakthrough, like were the telephone or the Internet, the steam engine and the railroad system, control of electricity and the transistor. These all changed our societies and way of life in a fundamental manner, and it's time to do it again soon on the energy level.
Let's tell our governments to inject more money on this type of research, and to encourage the private sector to do so by adopting policies that will encourage it even more.
-ChrisLI tink oil prices SHOULD get to 10.00 per gallon. Do you agree?
Unbelievable...Do you live on an island somewhere and grow your own food? What a disaster $ 10. per gallon gas would be right now. Do you understand economics at all??? I agree we should start concentrating on other sources of energy, but talk to Congress, they are the ones standing in the way of all progress on that one. I lived thru the last mess with Nixon and Carter..they have been talking about this problem going on forty years...still nothing is done...there are laws against every bit of progress that is proposed. Tell congress to get out of the way!!! Drill here, start letting companys get thru all the red tape the politicians have put in their way...find new proven energy sources that will eventually get us back on track. Don't listen to all the blustering, hot winded politicians telling us if we drill here it will take sooooo many years to get results..We have to start somewhere...the latest projection is 2 years, and that is coming from the oil companies. Meanwhile we can let companies do what they do best...compete with each other to see who can come up with the best solution on energy. Get the government out of the picture!!!
How the hell do you think it will LOWER 'careless' useage.
In my opinion, gas is not used carelessly. Every fricken time I fill up my tank, I don't want to. I don't think ANYONE carelessly used gas. It is over 4 bucks now...at least where I live...and I don't think that anyone would want to fill up their tank when gas is 10 bucks. But, you sort of do have a point...about the pollution part of your question. I do think that if gas/oil prices where to get that high (which they almost are overseas in the U.K.) that most American's would not drive as much, and would start to use more community transportaion such as busses. But think about this, if gas was at 10 dollars a gallon, don't you think that most people would still pay for gas? I mean, the American econmeny and technology is booming right now, and everything is growing and most people are working far away from home. So my point is that most poeple would still pay 10 dollars because they don't want allternatives and they just want to get somewhere. Most American's are lazy...that's MY opinion. So they will just fork over the cash in order to get what THEY want to get done. Yes, I know I am getting off track, but I think that more rather than less American's will still pay for they 10 dollar a gallon gas. But in conclusion, I do think that it will lower pollution, but not 'careless' ussage. Fantastic question by the way.
Why is it that those who want an increase in petrol prices live insular sad lives, never travel, never see anyone beyond their little village walls. Sorry, but I live in the 21st Century and i'm not going back to some sort of horrific medeival lifestyle.. you'll want to burn any outsiders at the stake next.. sad.
No I do not. It will not lower consumption and usage and pollution. People will drive no matter what the price. You really need to re-think your position. People need to buy cars that use less fuel, that would help, pollution, public transport is huge pollter as are businesses. Re check your facts
i understand what you mean, but first of all there are so many negatives to $10.00 per gallon gas... the biggest one of all.. the entire economy will collapse.. so much of our economy is based on gas.. if gas goes to 10 bucks and nobody buys it.. then stocks will crash.. companies would have to file bankruptcy.. people will loose so much money.. and the country will greatly suffer.. we alrdy have problems with the real estate business and then the oil business too... we dont want to go into another depression now do we..?
Yes and we can convert our food into fuel and burn that in our cars. People will starve and that will help reduce over population which is destroying the planet.
Absolutely! Then mother earth would be saved cause people would stop using poisonous resources!
Wake Up!! If every car and truck stopped running right now it would not stop the global warming problem.
You want world economic collapse?
Not for at least 2 years
How can I get the prices of corn and soybean oil in major countries?
I want to know corn and soybean oil prices in major countries like USA,Australia ,hong kong and more ...is there any web site where I can find live prices?How can I get the prices of corn and soybean oil in major countries?
Use NYBOT or LIFFE
www.nybot.com
www.liffe.com
http://www.tradesignals.com/quotes/futur鈥?/a>jabbawockeez mask
Use NYBOT or LIFFE
www.nybot.com
www.liffe.com
http://www.tradesignals.com/quotes/futur鈥?/a>
With the news today of oil prices dropping below $35 a barrel...?
Why are prices at the pump going up?? Is this why oil companies always have astronomical profits? Why doesn't the Government step in and do something about the price guoging like they do for other industries?With the news today of oil prices dropping below $35 a barrel...?
Prices at the pump are going up because gas at the pump primarily comes from foreign oil, which is about $10-$15 higher than our domestic oil. We currently have a big huge surplus of domestic oil (apparently being generated down around Texas-ish), but we are stockpiling that as ';reserve'; (and the Republicans wanted to start drilling in protected territory for more oil ';just in case';...).
In the mean time, foreign oil suppliers are milking us for every penny BECAUSE THEY CAN. This is exactly why we need to pour more funding into alternative fuel and energy research. This is also why the Amercian car manufacturers to NOT need a f*cking bailout - at least until they start making more fuel efficient cars. THIS is why America needs to end its dependency on foreign oil. Our economy sucks, our government is run by assclowns, and we just can't afford it anymore.With the news today of oil prices dropping below $35 a barrel...?
The price of gas is indeed tied to oil. It's just a matter of which oil.
The benchmark for crude oil prices is West Texas Intermediate, drilled exactly where you would imagine. That's the price, set at the New York Mercantile Exchange, that you see quoted on business channels and in the morning paper.
Right now, in an unusual market trend, West Texas crude is selling for much less than inferior grades of crude from other places around the world. A severe economic downturn has left U.S. storage facilities brimming with it, sending prices for the premium crude to five-year lows.
But it is the overseas crude that goes into most of the gas made in the United States. So prices at the pump will probably keep going up no matter what happens to the benchmark price of crude oil.
It is the time of years.
Each state has there own gasoline formula for summer use and they must start making it now. So the cost always jumps at this time.
Can you spell ';suckers';?
That's what they take us for...they simply don't bother to cover up their thievery anymore do they?
They need big oil money to fund their elections.
Obama has oil stocks...
Cricket I agree ! What is going on with that.We just need to get rid of fossil fuels all together :(
price up, cost down, oil companies record breaking profits........I wonder who is getting paid off. I love nature but there are places to drill and be eco friendly.
Prices at the pump are going up because gas at the pump primarily comes from foreign oil, which is about $10-$15 higher than our domestic oil. We currently have a big huge surplus of domestic oil (apparently being generated down around Texas-ish), but we are stockpiling that as ';reserve'; (and the Republicans wanted to start drilling in protected territory for more oil ';just in case';...).
In the mean time, foreign oil suppliers are milking us for every penny BECAUSE THEY CAN. This is exactly why we need to pour more funding into alternative fuel and energy research. This is also why the Amercian car manufacturers to NOT need a f*cking bailout - at least until they start making more fuel efficient cars. THIS is why America needs to end its dependency on foreign oil. Our economy sucks, our government is run by assclowns, and we just can't afford it anymore.With the news today of oil prices dropping below $35 a barrel...?
The price of gas is indeed tied to oil. It's just a matter of which oil.
The benchmark for crude oil prices is West Texas Intermediate, drilled exactly where you would imagine. That's the price, set at the New York Mercantile Exchange, that you see quoted on business channels and in the morning paper.
Right now, in an unusual market trend, West Texas crude is selling for much less than inferior grades of crude from other places around the world. A severe economic downturn has left U.S. storage facilities brimming with it, sending prices for the premium crude to five-year lows.
But it is the overseas crude that goes into most of the gas made in the United States. So prices at the pump will probably keep going up no matter what happens to the benchmark price of crude oil.
It is the time of years.
Each state has there own gasoline formula for summer use and they must start making it now. So the cost always jumps at this time.
Can you spell ';suckers';?
That's what they take us for...they simply don't bother to cover up their thievery anymore do they?
They need big oil money to fund their elections.
Obama has oil stocks...
Cricket I agree ! What is going on with that.We just need to get rid of fossil fuels all together :(
price up, cost down, oil companies record breaking profits........I wonder who is getting paid off. I love nature but there are places to drill and be eco friendly.
With the news today of oil prices dropping below $35 a barrel...?
Why are prices at the pump going up?? Is this why oil companies always have astronomical profits? Why doesn't the Government step in and do something about the price guoging like they do for other industries?With the news today of oil prices dropping below $35 a barrel...?
Prices at the pump are going up because gas at the pump primarily comes from foreign oil, which is about $10-$15 higher than our domestic oil. We currently have a big huge surplus of domestic oil (apparently being generated down around Texas-ish), but we are stockpiling that as ';reserve'; (and the Republicans wanted to start drilling in protected territory for more oil ';just in case';...).
In the mean time, foreign oil suppliers are milking us for every penny BECAUSE THEY CAN. This is exactly why we need to pour more funding into alternative fuel and energy research. This is also why the Amercian car manufacturers to NOT need a f*cking bailout - at least until they start making more fuel efficient cars. THIS is why America needs to end its dependency on foreign oil. Our economy sucks, our government is run by assclowns, and we just can't afford it anymore.With the news today of oil prices dropping below $35 a barrel...?
The price of gas is indeed tied to oil. It's just a matter of which oil.
The benchmark for crude oil prices is West Texas Intermediate, drilled exactly where you would imagine. That's the price, set at the New York Mercantile Exchange, that you see quoted on business channels and in the morning paper.
Right now, in an unusual market trend, West Texas crude is selling for much less than inferior grades of crude from other places around the world. A severe economic downturn has left U.S. storage facilities brimming with it, sending prices for the premium crude to five-year lows.
But it is the overseas crude that goes into most of the gas made in the United States. So prices at the pump will probably keep going up no matter what happens to the benchmark price of crude oil.
It is the time of years.
Each state has there own gasoline formula for summer use and they must start making it now. So the cost always jumps at this time.
Can you spell ';suckers';?
That's what they take us for...they simply don't bother to cover up their thievery anymore do they?
They need big oil money to fund their elections.
Obama has oil stocks...
Cricket I agree ! What is going on with that.We just need to get rid of fossil fuels all together :(
price up, cost down, oil companies record breaking profits........I wonder who is getting paid off. I love nature but there are places to drill and be eco friendly.
Prices at the pump are going up because gas at the pump primarily comes from foreign oil, which is about $10-$15 higher than our domestic oil. We currently have a big huge surplus of domestic oil (apparently being generated down around Texas-ish), but we are stockpiling that as ';reserve'; (and the Republicans wanted to start drilling in protected territory for more oil ';just in case';...).
In the mean time, foreign oil suppliers are milking us for every penny BECAUSE THEY CAN. This is exactly why we need to pour more funding into alternative fuel and energy research. This is also why the Amercian car manufacturers to NOT need a f*cking bailout - at least until they start making more fuel efficient cars. THIS is why America needs to end its dependency on foreign oil. Our economy sucks, our government is run by assclowns, and we just can't afford it anymore.With the news today of oil prices dropping below $35 a barrel...?
The price of gas is indeed tied to oil. It's just a matter of which oil.
The benchmark for crude oil prices is West Texas Intermediate, drilled exactly where you would imagine. That's the price, set at the New York Mercantile Exchange, that you see quoted on business channels and in the morning paper.
Right now, in an unusual market trend, West Texas crude is selling for much less than inferior grades of crude from other places around the world. A severe economic downturn has left U.S. storage facilities brimming with it, sending prices for the premium crude to five-year lows.
But it is the overseas crude that goes into most of the gas made in the United States. So prices at the pump will probably keep going up no matter what happens to the benchmark price of crude oil.
It is the time of years.
Each state has there own gasoline formula for summer use and they must start making it now. So the cost always jumps at this time.
Can you spell ';suckers';?
That's what they take us for...they simply don't bother to cover up their thievery anymore do they?
They need big oil money to fund their elections.
Obama has oil stocks...
Cricket I agree ! What is going on with that.We just need to get rid of fossil fuels all together :(
price up, cost down, oil companies record breaking profits........I wonder who is getting paid off. I love nature but there are places to drill and be eco friendly.
Where can i buy moroccan soap / argan oil soap / in dubai at CHEAP price.?
what soap do moroccans use?
is it 100% natural?
what shampoo do arabic / moroccan people use? (they have great hair!)
is it 100% natural?
where can i buy all this natual stuff those beautifull skinned arabic / mide eastern girls use in dubai at cheap price?Where can i buy moroccan soap / argan oil soap / in dubai at CHEAP price.?
Read this article before you even CONSIDER visiting or working in Dubai: http://www.independent.co.uk/opinion/com鈥?/a>Where can i buy moroccan soap / argan oil soap / in dubai at CHEAP price.?
sorry to disappoint u but from what i have seen most of the local people use common old sunsilk type shampoo found in every supermarket. a lot of asians/arab women use coconut oil on their hair, it makes it shine but its very oily and the smell is something u either love or hate. this can be found very cheaply in the supermarkets too.
RAMEZ SUPERSTORE
Al Wahda street
SHARJAH
is it 100% natural?
what shampoo do arabic / moroccan people use? (they have great hair!)
is it 100% natural?
where can i buy all this natual stuff those beautifull skinned arabic / mide eastern girls use in dubai at cheap price?Where can i buy moroccan soap / argan oil soap / in dubai at CHEAP price.?
Read this article before you even CONSIDER visiting or working in Dubai: http://www.independent.co.uk/opinion/com鈥?/a>Where can i buy moroccan soap / argan oil soap / in dubai at CHEAP price.?
sorry to disappoint u but from what i have seen most of the local people use common old sunsilk type shampoo found in every supermarket. a lot of asians/arab women use coconut oil on their hair, it makes it shine but its very oily and the smell is something u either love or hate. this can be found very cheaply in the supermarkets too.
RAMEZ SUPERSTORE
Al Wahda street
SHARJAH
Can anyone tell me why oil prices are so high?
Yes, supply and demand basically. There haven't been any major new oil discoveries in decades while demand for oil from Asia has been rising sharply for several years. This day was put off a decade or more by the Asian economic slump of the 90s, so we can't claim we didn't see it coming.
The only place where oil production could be seriously increased is Iraq, but that doesn't seem like it's going to happen anytime soon. Places like Alaska simply don't have enough oil to make much of a difference. And if the USA attacks Iran it will likely get a lot worse.
http://www.wtrg.com/prices.htmCan anyone tell me why oil prices are so high?
Look at the tall building in dubai
http://probedeep.blogspot.com/2008/07/rising-oil-prices-and-rising.html Report Abuse
Can anyone tell me why oil prices are so high?
Supply and demand. OPEC is limiting supply and world demand is way up. That drives up the price. Want to start wars with OPEC?
It's time to tell the environmental wackos in the US to shut up so we can drill for our own oil and build our own refineries. Enough is enough.
GREED
The only place where oil production could be seriously increased is Iraq, but that doesn't seem like it's going to happen anytime soon. Places like Alaska simply don't have enough oil to make much of a difference. And if the USA attacks Iran it will likely get a lot worse.
http://www.wtrg.com/prices.htmCan anyone tell me why oil prices are so high?
Look at the tall building in dubai
http://probedeep.blogspot.com/2008/07/rising-oil-prices-and-rising.html Report Abuse
Can anyone tell me why oil prices are so high?
Supply and demand. OPEC is limiting supply and world demand is way up. That drives up the price. Want to start wars with OPEC?
It's time to tell the environmental wackos in the US to shut up so we can drill for our own oil and build our own refineries. Enough is enough.
GREED
How are us oil prices calculated & how is it related to prices in the rest of the world?
It isn't a calculation. It is a bidding process with the oil going to the highest bidder. It involves all of the oil available for sale in the world, not just the US
Question, are the rising gas prices REALLY because of oil executives, or because demand is high&supply is low?
Everyone is blaming the big oil companies for the prices, and I have gotten a lot of e-mails saying we need to boycott the gas stations (which I honestly can't afford to do). But is it really their fault, or is it because the supply is running low? When I was back in school, they did teach us in one of my science classes, that eventually we would run out of oil..... Is that what's happening now, or is it really due to the companies?Question, are the rising gas prices REALLY because of oil executives, or because demand is high%26amp;supply is low?
It is partly because of both. The OPEC is usually the one that tries to control prices. OPEC are the biggest countries and firms of the oil industry and they come together to control supply. They basically act as a monopolistic firm and if you didn't know, monopolistic firms have control of product prices. They basically set a price and output where they can 'maximize profit'.
This price and output is also dependent on the Demand Curve which is very high and results in higher prices. So it is partly due to both the oil execs and demand. Also understand that OPEC is a profit maximizing entity with monopolistic characteristics so they will do all they can to raise prices, by controling supply.Question, are the rising gas prices REALLY because of oil executives, or because demand is high%26amp;supply is low?
Yep, it's the simple answer...
Oil is a finite resource that we are using up faster and faster - prices have to go up!
The answer does lie in us, the oil users. If we stopped using so much oil then prices would drop (for a while, it's still finite!).
One thing I found amusing is that there are so many complaints on this forum - which is largely Americans and Canadians - about high gas prices when:
a) Americans are paying far lower prices for gas than the rest of the world and
b) Use far more of the stuff per person and hence are the biggest reason for the price increases in the first place
Kind of like looking around to see who to blame for your headache when you're the one banging your head against the wall!
oil execs.
Ok this is something that my husband and I were talking about the other day. When anything happens gas, prices go up. I personally see two things (maybe I am missing something).
First, if things are so bad that you have to raise the prices then why the heck are the industry profits going up? Why not level your profit ratio and keep gas rates within reason? oppps that is a commy idea, don't shoot me. Though capitalism only works if there are consumers. When the consumers can't afford your product then you lose future profits. The concept of securing your future is out and getting greedy for instant buck is in.
The second thing is the price of crude oil is going up because we have manage to weaken our dollar to the point where it is falling to the peso. The exchange rate is where it takes more of our currency to exchange for currencies. Heck, the Canadian dollar was worth more than our dollar the last time I checked. (Makes me wish our currency still was backed by gold and if our greenback be a worthless piece of paper/cloth like, for the lack of a better example, a confederate dollar.) This makes investors look at other ways to secure their investments and oil is one of them.
I also question the situation and wonder if it is not the age old now illegal thing called war profiteering. I thought this administration would learn their lesson on this since Prescott Bush got busted selling war supplies to Germany during WWII.
Maybe it is just me, but things are falling fast and there is no FDR in sight. Hoovers everywhere I look. Just hold on to your shirt, be smart, and enjoy the ride
I hope my semi-educated ramblings made sense.
Kelson127's wife.
This is to the person below me, the US is a big place, further to commute. Like the old saying goes: 100 years is a long time for an American and 100 miles is a long drive for an European.jabbawockeez mask
It is partly because of both. The OPEC is usually the one that tries to control prices. OPEC are the biggest countries and firms of the oil industry and they come together to control supply. They basically act as a monopolistic firm and if you didn't know, monopolistic firms have control of product prices. They basically set a price and output where they can 'maximize profit'.
This price and output is also dependent on the Demand Curve which is very high and results in higher prices. So it is partly due to both the oil execs and demand. Also understand that OPEC is a profit maximizing entity with monopolistic characteristics so they will do all they can to raise prices, by controling supply.Question, are the rising gas prices REALLY because of oil executives, or because demand is high%26amp;supply is low?
Yep, it's the simple answer...
Oil is a finite resource that we are using up faster and faster - prices have to go up!
The answer does lie in us, the oil users. If we stopped using so much oil then prices would drop (for a while, it's still finite!).
One thing I found amusing is that there are so many complaints on this forum - which is largely Americans and Canadians - about high gas prices when:
a) Americans are paying far lower prices for gas than the rest of the world and
b) Use far more of the stuff per person and hence are the biggest reason for the price increases in the first place
Kind of like looking around to see who to blame for your headache when you're the one banging your head against the wall!
oil execs.
Ok this is something that my husband and I were talking about the other day. When anything happens gas, prices go up. I personally see two things (maybe I am missing something).
First, if things are so bad that you have to raise the prices then why the heck are the industry profits going up? Why not level your profit ratio and keep gas rates within reason? oppps that is a commy idea, don't shoot me. Though capitalism only works if there are consumers. When the consumers can't afford your product then you lose future profits. The concept of securing your future is out and getting greedy for instant buck is in.
The second thing is the price of crude oil is going up because we have manage to weaken our dollar to the point where it is falling to the peso. The exchange rate is where it takes more of our currency to exchange for currencies. Heck, the Canadian dollar was worth more than our dollar the last time I checked. (Makes me wish our currency still was backed by gold and if our greenback be a worthless piece of paper/cloth like, for the lack of a better example, a confederate dollar.) This makes investors look at other ways to secure their investments and oil is one of them.
I also question the situation and wonder if it is not the age old now illegal thing called war profiteering. I thought this administration would learn their lesson on this since Prescott Bush got busted selling war supplies to Germany during WWII.
Maybe it is just me, but things are falling fast and there is no FDR in sight. Hoovers everywhere I look. Just hold on to your shirt, be smart, and enjoy the ride
I hope my semi-educated ramblings made sense.
Kelson127's wife.
This is to the person below me, the US is a big place, further to commute. Like the old saying goes: 100 years is a long time for an American and 100 miles is a long drive for an European.
If oil prices have gone down 50%, why is gas only a few cents chaper?
One reason is that the price of crude is only a portion of the cost of producing refined fuel products.If oil prices have gone down 50%, why is gas only a few cents chaper?
Gas is $2.41 here in Texas. It was up to $3.99.
That's a lot more than a ';few cents cheaper';.
Gas is $2.41 here in Texas. It was up to $3.99.
That's a lot more than a ';few cents cheaper';.
Oil prices are tumbling badly. Do you think the Democrat Congress will bail out the oil companies?
Why not!They've done it for everyone else.
Seriously though, I think what will really happen is that OPEC will meet (and soon).They will cut production and in turn, drive prices back through the roof.I believe (call me a conspiracy theorist if you must) that the govt and those ';in control'; have allowed oil prices to fall in order to provide Americans with a respite of sorts.To help ';calm'; us in the wake of the raping we received from our so called leaders.
Oil prices are tumbling badly. Do you think the Democrat Congress will bail out the oil companies?
Are you kidding? do you realize how much money the oil companies have? Why would they need to be bailed out. they already hav billions of dollars. Now if you asked if Bush would do it if he still had another year I would agree with you. Since he has gotten a lot of money from them.Oil prices are tumbling badly. Do you think the Democrat Congress will bail out the oil companies?
Once Congress is back in session that little problem will be fixed by reinstating the ban on drilling. Those prices aren't down for long. I used to say if you didn't like the high price of gas, kick an environmentalist. Well, next time kick a democrat.
i'm not familiar with the 'democrat' congress.
i know that the democratic party has a slim majority in congress.
whenever you see/hear someone use this slang for the majority party it is a tell for a political shill.
thanks for playing...
you mean 6 years of Total Republican control and Deregulation wasn't enough... you won't be happy unless the New Congress wants to play too ?
as for the Bailout... You'll have to look to your Fuhrer Bush as he championed it ...
It was the Republican president and his Republican Secretary of State who BEGGED and PLEADED with Congress to pass a socialist-style bailout of the financial industry.
Republicans = Socialists
When the prices were high they blamed the democratic congress I'm glad you give them credit for lowering prices.
As if W was not coming from the oil industry...
Didn't McCain already support tax breaks for Exxon-Mobil? Now there's a company that really needs government help. Their record-setting profits must not have been high enough, the poor things.
Why , they have made over a trillion dollars in the last 6 years and if they have mismanaged it let them collect back some paychecks and dividends paid out .
why aren't they saying that they are going to go after the speculators now?????????
by the way exxon paid 10 billion in taxes last quarter (47% rate)...and raising their tax rate would be smart????????????
McCain is planning massive tax cuts for them already.
No, I think Bush and Cheney already took care of them with the ';No Oil Company Left Behind Act';.
No, Pelosi will raise their taxes so her windfarm investments can get off the ground.
no reason for that ,the oil companies are swimming in oil and more so in money
I hope so, wouldn't want to really have to conserve energy would we.
They better not.
Have no fear, the Saudi's have cut production.
Yes it will.
What money? Your Bush took it all and gave it to the rich
Seriously though, I think what will really happen is that OPEC will meet (and soon).They will cut production and in turn, drive prices back through the roof.I believe (call me a conspiracy theorist if you must) that the govt and those ';in control'; have allowed oil prices to fall in order to provide Americans with a respite of sorts.To help ';calm'; us in the wake of the raping we received from our so called leaders.
Oil prices are tumbling badly. Do you think the Democrat Congress will bail out the oil companies?
Are you kidding? do you realize how much money the oil companies have? Why would they need to be bailed out. they already hav billions of dollars. Now if you asked if Bush would do it if he still had another year I would agree with you. Since he has gotten a lot of money from them.Oil prices are tumbling badly. Do you think the Democrat Congress will bail out the oil companies?
Once Congress is back in session that little problem will be fixed by reinstating the ban on drilling. Those prices aren't down for long. I used to say if you didn't like the high price of gas, kick an environmentalist. Well, next time kick a democrat.
i'm not familiar with the 'democrat' congress.
i know that the democratic party has a slim majority in congress.
whenever you see/hear someone use this slang for the majority party it is a tell for a political shill.
thanks for playing...
you mean 6 years of Total Republican control and Deregulation wasn't enough... you won't be happy unless the New Congress wants to play too ?
as for the Bailout... You'll have to look to your Fuhrer Bush as he championed it ...
It was the Republican president and his Republican Secretary of State who BEGGED and PLEADED with Congress to pass a socialist-style bailout of the financial industry.
Republicans = Socialists
When the prices were high they blamed the democratic congress I'm glad you give them credit for lowering prices.
As if W was not coming from the oil industry...
Didn't McCain already support tax breaks for Exxon-Mobil? Now there's a company that really needs government help. Their record-setting profits must not have been high enough, the poor things.
Why , they have made over a trillion dollars in the last 6 years and if they have mismanaged it let them collect back some paychecks and dividends paid out .
why aren't they saying that they are going to go after the speculators now?????????
by the way exxon paid 10 billion in taxes last quarter (47% rate)...and raising their tax rate would be smart????????????
McCain is planning massive tax cuts for them already.
No, I think Bush and Cheney already took care of them with the ';No Oil Company Left Behind Act';.
No, Pelosi will raise their taxes so her windfarm investments can get off the ground.
no reason for that ,the oil companies are swimming in oil and more so in money
I hope so, wouldn't want to really have to conserve energy would we.
They better not.
Have no fear, the Saudi's have cut production.
Yes it will.
What money? Your Bush took it all and gave it to the rich
What is Obama's energy plan? Doesn't he know raising taxes on oil companies will raise prices at the pump?
Additional costs get transferred to the consumer. Cutting government taxes will decrease prices.What is Obama's energy plan? Doesn't he know raising taxes on oil companies will raise prices at the pump?
YES!!! He knows it, but he hates the American people and doesn't care about them.What is Obama's energy plan? Doesn't he know raising taxes on oil companies will raise prices at the pump?
He does know this. His opinion is that we need to suck it up and use less. Which for gasoline might be alright, but he fails to see that people are not going to be able to afford to heat their homes this winter now, push those prices any higher and you are going to have an actual death count among the elderly and the population on the lowest income rung. LIHEAP doesn't even begin until November, and at current levels only covers the cost of heating oil for one month.
Of course he knows that raising taxes is going to raise prices at the pump. But don't get too angry. Even if he lowers taxes, the price of gas at the pump is going to continue to increase--oil is a limited resource and we are literally running out. At our current consumption rate, we could use all of the earth's available oil in 15 or 20 years. Yes, that means in YOUR life time. No oil not only means no gas, but it also means no plastics. Can you imagine life with NO plastic?
Something must be done and other energy sources must be found NOW. The reason Bush never really did anything is because he has a financial stake in the oil business.
You guys kill me with your fortune-teller predictions. Oil companies are already robbing you blind at the pump and you don't have the sense to realize it. When you go shell out $4.00 plus per gallon at the pumps, then get in the car, turn on the radio and hear about the tens of billions Exxon reported in pure profit last quarter.. does that tell you something? Why do you defend the oil companies while they rob you blind? Does your daddy own an oil company? Are the oil companies doing anything good for you? Are they ';giving back'; as the trickle-down economics theory said they would. Hell no! They are paying their execs bonuses in the hundreds of millions and most of us (not counting you super-rich kids) are struggling just to get to work and back). If a Republican mugged you on the street at gun-point, what would you say? ';Oh, he's a Republican so he's entitled to my money?'; Or how about, ';Oh, it was my fault for having such a big wallet in the first place?';
True...he is talking to people who don't know what the end result will be. They just like hearing that oil companies are going to suffer. They need to ask why their party is keeping the energy crisis going by preventing drilling here in the USA. They need to check behind the words.
Obama doesn't have an energy plan
Of course he does but he just doesn't care.
Good! Let's hope he does increase taxes. Less people driving, less pollution, less chance we'll all burn to a crisp within a century on a half-dead planet.
YES!!! He knows it, but he hates the American people and doesn't care about them.What is Obama's energy plan? Doesn't he know raising taxes on oil companies will raise prices at the pump?
He does know this. His opinion is that we need to suck it up and use less. Which for gasoline might be alright, but he fails to see that people are not going to be able to afford to heat their homes this winter now, push those prices any higher and you are going to have an actual death count among the elderly and the population on the lowest income rung. LIHEAP doesn't even begin until November, and at current levels only covers the cost of heating oil for one month.
Of course he knows that raising taxes is going to raise prices at the pump. But don't get too angry. Even if he lowers taxes, the price of gas at the pump is going to continue to increase--oil is a limited resource and we are literally running out. At our current consumption rate, we could use all of the earth's available oil in 15 or 20 years. Yes, that means in YOUR life time. No oil not only means no gas, but it also means no plastics. Can you imagine life with NO plastic?
Something must be done and other energy sources must be found NOW. The reason Bush never really did anything is because he has a financial stake in the oil business.
You guys kill me with your fortune-teller predictions. Oil companies are already robbing you blind at the pump and you don't have the sense to realize it. When you go shell out $4.00 plus per gallon at the pumps, then get in the car, turn on the radio and hear about the tens of billions Exxon reported in pure profit last quarter.. does that tell you something? Why do you defend the oil companies while they rob you blind? Does your daddy own an oil company? Are the oil companies doing anything good for you? Are they ';giving back'; as the trickle-down economics theory said they would. Hell no! They are paying their execs bonuses in the hundreds of millions and most of us (not counting you super-rich kids) are struggling just to get to work and back). If a Republican mugged you on the street at gun-point, what would you say? ';Oh, he's a Republican so he's entitled to my money?'; Or how about, ';Oh, it was my fault for having such a big wallet in the first place?';
True...he is talking to people who don't know what the end result will be. They just like hearing that oil companies are going to suffer. They need to ask why their party is keeping the energy crisis going by preventing drilling here in the USA. They need to check behind the words.
Obama doesn't have an energy plan
Of course he does but he just doesn't care.
Good! Let's hope he does increase taxes. Less people driving, less pollution, less chance we'll all burn to a crisp within a century on a half-dead planet.
In ten years what will gas prices be without oil from anwr?
You goofs keep saying it will take ten years. So what? We'll need it really bad by then. Also if the republicans or democrats would have started it 10 years ago, oil might only be 100 bucks rather than 130 bucks.In ten years what will gas prices be without oil from anwr?
if we pour are money and talent into developing renewable energy then in ten we won't get a rat's behind what the price of that limited, dead resource is. what could be better to halt terrorism than to stop buying the only resource that they have, oil?In ten years what will gas prices be without oil from anwr?
I agree we should have drilled in anwr, but I truly hope that in 10 years gas will be getting about $5 a barrel and some scientific breakthrough will have everyone using some other energy source (Hydrogen?) Chavez, Putin, Ahmedinejad and the Saudis would be in for interesting times...
You may say I'm a dreamer, etc.
If ANWAR was tapped in the past...making oil cheaper then..gas would be more expensive today. Cheap oil would have further spurred industrialization of China and India and more people would be drving large gas guzzlers.
Tap the oil as we need it...not as we want it.
I am for tapping ANWAR eventually....but not to trade it on the global market for India and Chian to buy up cheap.
There's not enough oil there to ease the so-called increase in demand.
That's why they're not destroying the wildlife refuge. Because destroying it will NOT solve the problem.
It wont matter, the Senate is voting on S2191 this week, which
will push energy cost through the roof
what is 'anwr'
if we pour are money and talent into developing renewable energy then in ten we won't get a rat's behind what the price of that limited, dead resource is. what could be better to halt terrorism than to stop buying the only resource that they have, oil?In ten years what will gas prices be without oil from anwr?
I agree we should have drilled in anwr, but I truly hope that in 10 years gas will be getting about $5 a barrel and some scientific breakthrough will have everyone using some other energy source (Hydrogen?) Chavez, Putin, Ahmedinejad and the Saudis would be in for interesting times...
You may say I'm a dreamer, etc.
If ANWAR was tapped in the past...making oil cheaper then..gas would be more expensive today. Cheap oil would have further spurred industrialization of China and India and more people would be drving large gas guzzlers.
Tap the oil as we need it...not as we want it.
I am for tapping ANWAR eventually....but not to trade it on the global market for India and Chian to buy up cheap.
There's not enough oil there to ease the so-called increase in demand.
That's why they're not destroying the wildlife refuge. Because destroying it will NOT solve the problem.
It wont matter, the Senate is voting on S2191 this week, which
will push energy cost through the roof
what is 'anwr'
What is Obama's plan to lower the prices of gas and oil?
Some please tell me.
Thank you in advance.What is Obama's plan to lower the prices of gas and oil?
Investing in alternative energy. The price of oil has dropped because consumption has been reduced. Cause and effect.What is Obama's plan to lower the prices of gas and oil?
1-To increase short term production of our domestic oil production ( This will cut into the price of a barrel of gas while we develop new avenues to break our oil dependancy)
2- As we use our natural resources from off shore drilling, we will develop, explore and expand our natural gas reserves
3- Increase the production of wind and solar so that we can transfer Natural gas and Coal Products to the use for Vehicles ( According to the plan that he has adopted we can replace 30% of our energy needs by using wind and solar and transferring the natural gas we now use into vehicles that can run off of it)
4-Develop 1 million vehicles that can be driven on Natural gas and alternative fuels
This isn't the full plan but the stock of what he will do. He has agreed to offshore drilling only if it is used as the gateway to alleviate our dependency on foreign oil and results in aggressive development to create other fuel sources that will result in the US being independent for its energy resources.
Neither candidate will lower prices of gas and oil. Although Obama does want to go after the speculators, which may have some effect.
Drilling will increase the amount of oil/gas that the US produces, but won't have an impact on the price. 5-7 years from now, when the oil from the new drilling hits the market, world demand will be higher.
However, McCain has never been supportive (based on his voting records) of alternative energy and has actually voted against many bills that would increase fuel efficiency standards. He has not lead any legislation in his home state of Arizona, where I live, to get solar up and running either.
He will subsidise with bio fuels. Oh wait, if bio fuels were cheaper than our gas is now we would not need to subsidise them. So when the government has to subsidise alternative fuels, if you add the taxes etc. it will really cost you more.
ALTERNATIVE ENERGY WILL COST MORE OR ELSE THE GOVERNMENT WOULD NOT HAVE TO DO ANYTHING. DID THE GOVERNMENT HAVE TO GET UTILITIES TO USE COAL THROUGH SUBSIDISING?
Note: Investing money in this technology is good. It may allow use to prevent future price increases being as much. However, it will not lower the price.
It's not gonna happen, nobody can, unless we nuke Saudi Arabia and take over their oil fields. Obama is promising more fuel efficiency standards on automakers and giving them assistance to make it happen, as well as increasing our use of wind and solar power so that we can start switching over to plug in hybrids.
i believe i heard him say he was happy when gas was high (back at 4.00+), but he wished it would have happened slower. sounds like nothing to me.
here's his plan: get gas up to where ';alternatives'; can compete. seems to fit the whole democrat mantra of bringing the top down instead of lifting the bottom up.
LOL ABSOLUTELY NOTHING! ACTUALLY THE OPPOSITE!
heres why:
obama supports something called the ';Windfall tax';
where we tax oil companies WAY PAST THE BILLION MARK so each family in america get $1000
and u cant take away a companies money with out sacrifice ;-)
dont believe me?
go to his campaign page www.barackobama.com
then go to issues (at the top of the page)
then economy :)
well apparently this isnt the first time someone wanted to do tht!
http://www.taxfoundation.org/news/show/1168.html
the white line is oil company profit
the dark blue is fuel taxes
the grey is corporate taxes
and light blue is the plan obama wants (the tallest part of the graph at around 1980)
if ure to lazy to click the link, ill explain it.
basicly there is this HUGE INCREASE IN GAS COST and the reason for that is the ';Windfall Tax';
i looked upp who the president was at the time of that blue mountain
and
jimmy carter was the president during that time and he tryed this ';windfall'; tax.
if you look at the chart on that website i sent you, the peak of the cost of gas was around 1980-1981 because of the windfall tax Jimmy supported. as a matter of fact, that was the highest its ever gotten.
when carter lost his second election to Ronald Reagan the cost of gas went down. DRAMATICLY!
jimmys a democrat! like obama lol
obama wants to do the same thing Jimmy did.
thats not my kind of change.
HISTORY WILL REPEAT ITSELF!!
ALL companies NEED gasoline to ship their products.
not to mention working people too.
so if gas prices go up, the companies are gunna have to make up for the cost in gas.
specially air travel is gunna cost ALOT more. commercial, private, and shipping!
so companies are either:
gunna make their product
COST MORE (if u look at the chart, thats EXACTLY what happends)
fire people
or lower wages.
and Obama is going to cause that to happen AGAIN! its the SAME Winfall tax Carter did. thats NOT CHANGE
and if u think government can control gas prices your DEAD WRONG.
the federal government taxes each gallon of gas 18 cents.
(cant forget state taxes as well)
http://www.gaspricewatch.com/usgastaxes. asp
and not to mention 76% of what everyone pays at the pump is actually for the PRODUCTION of our gas.
if the government makes the companies lower their cost of gas they would bankrupt.
http://tonto.eia.doe.gov/ask/gasoline_faqs.asp#gas_prices
and we LIVE IN A FREE MARKET
its unconstitutional if the government tries to force how much a company sells their product for
want someone to tell u u can only sell lemonade for 25 cents a cup??
so!
want cheaper gasoline?
vote mccain :)
He can support and pass legislation that outlaws the kind of speculation that is at the root of these price increases .
S%26amp;D is not the problem %26gt;speculation is.
Create a special ';Tire Pressure Czar'; to enlist the help of millions of ';Environmentally Enlightened'; children to rat on their parents if their tires are underinflated.
CHANGE
HOPE
CHANGE
HOPE
CHANGE
HOPE
as Bill O Riley said buck shot and hope. He want to research We want Answers now our family needs gas now that we can afford
And isn't he being selfish if he actually has an answer and is trying to black mail us into electing him to get it?
Let's start with cadaver MCcain..
Obama sucks.
more taxes
Same as everything else, diplomacy.
Thank you in advance.What is Obama's plan to lower the prices of gas and oil?
Investing in alternative energy. The price of oil has dropped because consumption has been reduced. Cause and effect.What is Obama's plan to lower the prices of gas and oil?
1-To increase short term production of our domestic oil production ( This will cut into the price of a barrel of gas while we develop new avenues to break our oil dependancy)
2- As we use our natural resources from off shore drilling, we will develop, explore and expand our natural gas reserves
3- Increase the production of wind and solar so that we can transfer Natural gas and Coal Products to the use for Vehicles ( According to the plan that he has adopted we can replace 30% of our energy needs by using wind and solar and transferring the natural gas we now use into vehicles that can run off of it)
4-Develop 1 million vehicles that can be driven on Natural gas and alternative fuels
This isn't the full plan but the stock of what he will do. He has agreed to offshore drilling only if it is used as the gateway to alleviate our dependency on foreign oil and results in aggressive development to create other fuel sources that will result in the US being independent for its energy resources.
Neither candidate will lower prices of gas and oil. Although Obama does want to go after the speculators, which may have some effect.
Drilling will increase the amount of oil/gas that the US produces, but won't have an impact on the price. 5-7 years from now, when the oil from the new drilling hits the market, world demand will be higher.
However, McCain has never been supportive (based on his voting records) of alternative energy and has actually voted against many bills that would increase fuel efficiency standards. He has not lead any legislation in his home state of Arizona, where I live, to get solar up and running either.
He will subsidise with bio fuels. Oh wait, if bio fuels were cheaper than our gas is now we would not need to subsidise them. So when the government has to subsidise alternative fuels, if you add the taxes etc. it will really cost you more.
ALTERNATIVE ENERGY WILL COST MORE OR ELSE THE GOVERNMENT WOULD NOT HAVE TO DO ANYTHING. DID THE GOVERNMENT HAVE TO GET UTILITIES TO USE COAL THROUGH SUBSIDISING?
Note: Investing money in this technology is good. It may allow use to prevent future price increases being as much. However, it will not lower the price.
It's not gonna happen, nobody can, unless we nuke Saudi Arabia and take over their oil fields. Obama is promising more fuel efficiency standards on automakers and giving them assistance to make it happen, as well as increasing our use of wind and solar power so that we can start switching over to plug in hybrids.
i believe i heard him say he was happy when gas was high (back at 4.00+), but he wished it would have happened slower. sounds like nothing to me.
here's his plan: get gas up to where ';alternatives'; can compete. seems to fit the whole democrat mantra of bringing the top down instead of lifting the bottom up.
LOL ABSOLUTELY NOTHING! ACTUALLY THE OPPOSITE!
heres why:
obama supports something called the ';Windfall tax';
where we tax oil companies WAY PAST THE BILLION MARK so each family in america get $1000
and u cant take away a companies money with out sacrifice ;-)
dont believe me?
go to his campaign page www.barackobama.com
then go to issues (at the top of the page)
then economy :)
well apparently this isnt the first time someone wanted to do tht!
http://www.taxfoundation.org/news/show/1168.html
the white line is oil company profit
the dark blue is fuel taxes
the grey is corporate taxes
and light blue is the plan obama wants (the tallest part of the graph at around 1980)
if ure to lazy to click the link, ill explain it.
basicly there is this HUGE INCREASE IN GAS COST and the reason for that is the ';Windfall Tax';
i looked upp who the president was at the time of that blue mountain
and
jimmy carter was the president during that time and he tryed this ';windfall'; tax.
if you look at the chart on that website i sent you, the peak of the cost of gas was around 1980-1981 because of the windfall tax Jimmy supported. as a matter of fact, that was the highest its ever gotten.
when carter lost his second election to Ronald Reagan the cost of gas went down. DRAMATICLY!
jimmys a democrat! like obama lol
obama wants to do the same thing Jimmy did.
thats not my kind of change.
HISTORY WILL REPEAT ITSELF!!
ALL companies NEED gasoline to ship their products.
not to mention working people too.
so if gas prices go up, the companies are gunna have to make up for the cost in gas.
specially air travel is gunna cost ALOT more. commercial, private, and shipping!
so companies are either:
gunna make their product
COST MORE (if u look at the chart, thats EXACTLY what happends)
fire people
or lower wages.
and Obama is going to cause that to happen AGAIN! its the SAME Winfall tax Carter did. thats NOT CHANGE
and if u think government can control gas prices your DEAD WRONG.
the federal government taxes each gallon of gas 18 cents.
(cant forget state taxes as well)
http://www.gaspricewatch.com/usgastaxes. asp
and not to mention 76% of what everyone pays at the pump is actually for the PRODUCTION of our gas.
if the government makes the companies lower their cost of gas they would bankrupt.
http://tonto.eia.doe.gov/ask/gasoline_faqs.asp#gas_prices
and we LIVE IN A FREE MARKET
its unconstitutional if the government tries to force how much a company sells their product for
want someone to tell u u can only sell lemonade for 25 cents a cup??
so!
want cheaper gasoline?
vote mccain :)
He can support and pass legislation that outlaws the kind of speculation that is at the root of these price increases .
S%26amp;D is not the problem %26gt;speculation is.
Create a special ';Tire Pressure Czar'; to enlist the help of millions of ';Environmentally Enlightened'; children to rat on their parents if their tires are underinflated.
CHANGE
HOPE
CHANGE
HOPE
CHANGE
HOPE
as Bill O Riley said buck shot and hope. He want to research We want Answers now our family needs gas now that we can afford
And isn't he being selfish if he actually has an answer and is trying to black mail us into electing him to get it?
Let's start with cadaver MCcain..
Obama sucks.
more taxes
Same as everything else, diplomacy.
Price of valve oil?
how much the valve oil which is for musical instrument normally cost??Price of valve oil?
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Whats the deal with OIL prices will it ever come down???!!!??!?!!?
Not in the long term. The basic problem with oil is that demand keeps growing as third world economies develop, heightening the demand for oil. With China and other developing nations growing quickly, the demand for cars and other goods that require oil are increasing dramatically. On the supply side, most of the places to explore for oil have already been explored, so there isn't a lot of new supply, and not many ideas of where to get it On top of that, production from existing fields decline over time. So we need a lot of new oil finds to maintain existing production, let alone increase it, while demand is increasing quickly. Also, the price of oil is relatively inelastic, as economists would say. One study I saw when I was in school said that over the short run, it took a 10% increase in the price of oil to reduce demand by 1%. So until people and companies realize the increase is permanent, and start to make choices like replacing cars, appliances, and business equipment with more energy efficient versions, demand isn't likely to drop much. That should start to happen over the next few years, which ought to help some.
A lot is being made of the Alaska Wildlife Reserve, where there are potentially 10 billion barrels of oil to be found. However, we are using 20 million barrels a day. 10 billion divide by 20 million says that even if that panned out, the ANWR would only provide the US with oil for about 500 days, or less than 1 1/2 years of oil demand for the US. So what then? This is a bandaid, not a solution. The other thing is that it takes many years to develop a new field, and the infrastructure to get the oil to users. Even if we started now, it'd be many years before we could get that resource going. Regardless of how you feel about the environmental issues involved.
Current known world reserves are estimated at about 1 trillion barrels...which sounds like a lot, but is only about 32 years of supply at the current worldwide demand of 85 million barrels a day. If demand continues to grow, then it won't even last that long. We are not replacing reserves as fast as we are using them. There was a big discovery this year that made the news in Brazil of 5-8 billion barrels of oil, which sounds great...until you figure that it is only about 3 months of world demand. The world is using 31 billion barrels a year of oil...that's what we need to be replacing on a yearly basis just to break even...and it isn't happening.
There are other potential sources of oil, but they are in places where we don't control. Russia has huge untapped reserves, and would probably be the best hope for additional supply. However, the government and state owned oil companies don't have the resources to properly develop those reserves, and foreign companies aren't being allowed to do it for them. So vast potential supplies languish. The amount of oil being produced by Venezuela has dropped dramatically due to Hugo Chavez's incompetence. They were on their way to 6 million barrels per day before Hugo showed up...now they are less than half of that, and falling. Other countries production is falling as their fields age. Iran, Mexico, and Indonesia are on this list. U.S. oil production has been falling since 1970. This is a natural progression...oil field production starts high, and drops over time.
In spite of politicians claims, there isn't much that can be done about oil prices, at least in the short run. McCain and Clinton would cut the gas tax (and thus, presumably defer the highway maintenance costs those taxes pay for) ';temporarily';. This solution is disingenous...just another case of forsaking long term needs for ineffective short term fixes. OPEC is an easy target, but they have been mostly ineffective at controlling prices over that time because the incentive to cheat was too much. The reason prices are soaring now is because none of them have any extra capacity left...nobody can cheat anymore.
Longer term solutions will be to develop alternative energy sources, development and deployment of more energy efficient cars, appliances, and other energy using equipment in both home and business applications, and for consumers to become more conscious of the energy choices they make. All of these should reduce long term oil demand. Oil field development could be a part of the mix as well, but it will have to be something on the order of hundreds of billions of barrels of reserves, not a few billion to make any significant difference. We may also have to relook at things such as nuclear power, or other forms of energy that have already been developed.Whats the deal with OIL prices will it ever come down???!!!??!?!!?
There may be a short term drop in oil prices because of the sharp uptrend in the commodities market and the strength that the dollar is regaining but over the long term it is going to continue going up. Goldman Sachs just came out and estimated that it would go up to $200 / barrelWhats the deal with OIL prices will it ever come down???!!!??!?!!?
When those idiots in Congress have to start paying for their own gas, then they might actually pass a long-term energy plan that involves drilling in the Arctic and off the costs of California and the east coast. I hope all of those polar bears are sending you money for your $5 gas.
no never , in India prices never come down? this is real tragedy of our country.. In reality we say many company coming in same field is good competetion, but there is monopoly , the company unite and rules us ha haaa..
DEMAND%26gt;SUPPLY
GAS FOR AUTO
EDIBLE OILS
CRUDE OIL FRACTIONS
- VASELINE
- SOME PLASTIC PRODUCTS
- GREASE
- ETC
EVEN US IS TRYING TO CONVERT BIODEISEL - FROM PLANTATIONS
YOUR ETHANOL PRODUCING EDIBLES R ALSO BEING CONVERTED INTO ETHANOL PRODUCTIONS - RATHER THAN EDIBLE PRODUCTS FOR COMMON MAN
THE COMMON MAN IS ALSO TAKING FOR GRANTED THAT HE CAN KEEEP ON USING NATURES RESOURCES INDEFINITELY
ETHANOL IS MADE FROM
- SUGAR BASICALLY
- - SUGARCANE
- - BEETROOT
- - ALL THAT FERMENTS (so tomorrow don't b surprised if u don't have bread to eat - even wheat is used to make ethanol with sugar - and all that decays produces methane gas or alcohol fermentation process)
U HAVE THE ANSWER RITE IN FRONT OF U
WE THE HUMANS THEMSELVES ELECT THOSE WHO MAKE PROMISES OF OUR PROSPERITY - AND THENCE UNDERLIES DEVASTATION UNDER THE MASK OF PROSPERITY
IF U WANNA KNOW MORE JUST EMAIL ME ON MY ID
There are many factors, supply and demand being one of them. Another is the dollar, oil is traded in dollars and right now it is not as strong as it was before
It will - for a while. The current runup is due in part to speculation. But the long-term trend is higher. Supply and demand.
markets go up
and markets go down
take it from me bugs bunny
hippity hopity
I know all about up and down
Yes they could if the government would let companies drill in alaska, there is a WHOLE LOT of oil in Alaska but we cant go get it so, write your local congressman!!!
sorry never
as it continues to be depleted it will cost more.
When I lived in Turkey in '98 gas cost about $4 per liter (3.78 liters per gallon)
No, thanks to Bush.. Oil's heading to $150 per barrel now..
http://dividend-growth.blogspot.com/
NO...
A lot is being made of the Alaska Wildlife Reserve, where there are potentially 10 billion barrels of oil to be found. However, we are using 20 million barrels a day. 10 billion divide by 20 million says that even if that panned out, the ANWR would only provide the US with oil for about 500 days, or less than 1 1/2 years of oil demand for the US. So what then? This is a bandaid, not a solution. The other thing is that it takes many years to develop a new field, and the infrastructure to get the oil to users. Even if we started now, it'd be many years before we could get that resource going. Regardless of how you feel about the environmental issues involved.
Current known world reserves are estimated at about 1 trillion barrels...which sounds like a lot, but is only about 32 years of supply at the current worldwide demand of 85 million barrels a day. If demand continues to grow, then it won't even last that long. We are not replacing reserves as fast as we are using them. There was a big discovery this year that made the news in Brazil of 5-8 billion barrels of oil, which sounds great...until you figure that it is only about 3 months of world demand. The world is using 31 billion barrels a year of oil...that's what we need to be replacing on a yearly basis just to break even...and it isn't happening.
There are other potential sources of oil, but they are in places where we don't control. Russia has huge untapped reserves, and would probably be the best hope for additional supply. However, the government and state owned oil companies don't have the resources to properly develop those reserves, and foreign companies aren't being allowed to do it for them. So vast potential supplies languish. The amount of oil being produced by Venezuela has dropped dramatically due to Hugo Chavez's incompetence. They were on their way to 6 million barrels per day before Hugo showed up...now they are less than half of that, and falling. Other countries production is falling as their fields age. Iran, Mexico, and Indonesia are on this list. U.S. oil production has been falling since 1970. This is a natural progression...oil field production starts high, and drops over time.
In spite of politicians claims, there isn't much that can be done about oil prices, at least in the short run. McCain and Clinton would cut the gas tax (and thus, presumably defer the highway maintenance costs those taxes pay for) ';temporarily';. This solution is disingenous...just another case of forsaking long term needs for ineffective short term fixes. OPEC is an easy target, but they have been mostly ineffective at controlling prices over that time because the incentive to cheat was too much. The reason prices are soaring now is because none of them have any extra capacity left...nobody can cheat anymore.
Longer term solutions will be to develop alternative energy sources, development and deployment of more energy efficient cars, appliances, and other energy using equipment in both home and business applications, and for consumers to become more conscious of the energy choices they make. All of these should reduce long term oil demand. Oil field development could be a part of the mix as well, but it will have to be something on the order of hundreds of billions of barrels of reserves, not a few billion to make any significant difference. We may also have to relook at things such as nuclear power, or other forms of energy that have already been developed.Whats the deal with OIL prices will it ever come down???!!!??!?!!?
There may be a short term drop in oil prices because of the sharp uptrend in the commodities market and the strength that the dollar is regaining but over the long term it is going to continue going up. Goldman Sachs just came out and estimated that it would go up to $200 / barrelWhats the deal with OIL prices will it ever come down???!!!??!?!!?
When those idiots in Congress have to start paying for their own gas, then they might actually pass a long-term energy plan that involves drilling in the Arctic and off the costs of California and the east coast. I hope all of those polar bears are sending you money for your $5 gas.
no never , in India prices never come down? this is real tragedy of our country.. In reality we say many company coming in same field is good competetion, but there is monopoly , the company unite and rules us ha haaa..
DEMAND%26gt;SUPPLY
GAS FOR AUTO
EDIBLE OILS
CRUDE OIL FRACTIONS
- VASELINE
- SOME PLASTIC PRODUCTS
- GREASE
- ETC
EVEN US IS TRYING TO CONVERT BIODEISEL - FROM PLANTATIONS
YOUR ETHANOL PRODUCING EDIBLES R ALSO BEING CONVERTED INTO ETHANOL PRODUCTIONS - RATHER THAN EDIBLE PRODUCTS FOR COMMON MAN
THE COMMON MAN IS ALSO TAKING FOR GRANTED THAT HE CAN KEEEP ON USING NATURES RESOURCES INDEFINITELY
ETHANOL IS MADE FROM
- SUGAR BASICALLY
- - SUGARCANE
- - BEETROOT
- - ALL THAT FERMENTS (so tomorrow don't b surprised if u don't have bread to eat - even wheat is used to make ethanol with sugar - and all that decays produces methane gas or alcohol fermentation process)
U HAVE THE ANSWER RITE IN FRONT OF U
WE THE HUMANS THEMSELVES ELECT THOSE WHO MAKE PROMISES OF OUR PROSPERITY - AND THENCE UNDERLIES DEVASTATION UNDER THE MASK OF PROSPERITY
IF U WANNA KNOW MORE JUST EMAIL ME ON MY ID
There are many factors, supply and demand being one of them. Another is the dollar, oil is traded in dollars and right now it is not as strong as it was before
It will - for a while. The current runup is due in part to speculation. But the long-term trend is higher. Supply and demand.
markets go up
and markets go down
take it from me bugs bunny
hippity hopity
I know all about up and down
Yes they could if the government would let companies drill in alaska, there is a WHOLE LOT of oil in Alaska but we cant go get it so, write your local congressman!!!
sorry never
as it continues to be depleted it will cost more.
When I lived in Turkey in '98 gas cost about $4 per liter (3.78 liters per gallon)
No, thanks to Bush.. Oil's heading to $150 per barrel now..
http://dividend-growth.blogspot.com/
NO...
What are current crude oil prices?
its at $40.84 per barrel as of 8:30 AM on 1/21/09. better than $120, but its still too high if you ask me.
Do you think oil companies can manipulate gas prices?
I was curious what others thought about this. Gas prices have dropped dramatically because of supply and demands. Or maybe oil companies made a mistake and over priced every one and now every ones thinking of using more fuel efficient cars going green. But it would be too early for every one to get a better fuel efficient car so quickly. Did oil companies realize they over priced fuel and are just lower prices down to rock bottom to get there customers back?Do you think oil companies can manipulate gas prices?
None of the above. Much of the recent spike in oil prices was driven by market speculation--a ';frenzy'; in the commodities market. That's not uncommon in commodities. It wasn't going to last--which any educated person knew.. That doesn't mean it wasn't a real problem -- it was. But inherently short term.
The oil companies DID take advantae if it. Their price increases were well above the level needed to offset the actual rise in costs. And they are not bring prices down as much as the fall in the commodity price of oil would call for.
The wake-up call to American car owners was coming sooner or later. The Republicans deliberately dismantled or blocked every effort (starting in the Reagan administration) to make America energy independent.and until 2 years ago ridiculed everyone who tried to warn that something like this was inevitable under their policies. Personally, I have no sympathy whatsoever for the millions of ';poor victims'; who couldn't afford to gas up their SUVs.They were warned for years. They got exactly what they deserved.
This whole episode is not going to change the overall future course in energy production--though it may speed it up. The technology has changed. No one is going to buy gasoline powered cars 20 years from now. Quite aside from environmental concerns (which are rapidly becoming critical, whether anyone wants to admit it or not) oil is simply obsolete. Electrics--and possibly hydrogen fueled--cars, alternative systems for energy production like wind and solar--are all already more cost effective or soon will be. The oil companies know tis--they wee simply taking advantae of a market dysfunction to make a quick buck. But if you look at what these companies are doing (try reading their annual reports) they are NOT investing in oil exploration or new refineries. They are putting their money into alternative energy, preparing to switcch over to a new technology. They have no choice. The technology is beginning to shift. They will either adapt or die. Or end up lke the auto companies, who refused to learn and are now suffering the consequences.Do you think oil companies can manipulate gas prices?
It would seem to be a simple manipulation of supply and demand. If the oil production companies decide that they will cut supply when demand is steady then economics state that the price will go up, therefore they can of course manipulate the price. If, as is the case, world leaders head off to oil producing nations and beg them to increase supply when the price is high, then there will be a decrease in price as demand for the highly priced commodity decreases as peoples trends change to cope with the new inflated price.It is in the oil producer's interests to sell as much oil at a high price so as soon as the supply increases and the price decreases they will cut supply again. If the oil producers then cut back supply enough in order to produce just enough for the demand it is only a matter of time before the price can rise again and the cycle can start all over. Whatever happens the oil companies win and as with any supplier they can manipulate the supply and therefore the price, unless of course a greater force decides to have a war in the vicinity which then allows the governments to manipulate the production of oil ..... a completely new topic...!
What caused gas prices to spike were speculators betting on our oil running out. Instead, people got wise and started to conserve energy, buy fuel efficient cars and do other things to cut their energy in half. In return, less fuel is being used and now prices have gone down.
All this without drilling.
It's the OPEC consortium of nations that manipulates the world price of oil to their liking. Right now they want to bring up the price a bit to about $60. They don't like huge swings. Nobody can make long term plans on development when they don't know what their income will be. The smaller member nations (Iran, Venezuela) want the price higher because they are trying to arm themselves and build a nuclear capability.
Oh Gee I don't know. Can a restaurant owner jack up the price od a steak when he wants to...just so he can put it on the blackboard once a week as a ';special';??
of course they can!! It is a cartel. they conspire to do it all the time!! Competition is not about keeping prices down for the consumer...it is about keeping prices UP for the seller!! They ALL conspire in that!!
Trading of FUTURES on the stock market has drastically lowered the price of oil and gas.
they have some control but mostly it is controlled by opec and speculators
No I still think supply and demand.
yes.
IT'S ALL ABOUT THE MONEY.
None of the above. Much of the recent spike in oil prices was driven by market speculation--a ';frenzy'; in the commodities market. That's not uncommon in commodities. It wasn't going to last--which any educated person knew.. That doesn't mean it wasn't a real problem -- it was. But inherently short term.
The oil companies DID take advantae if it. Their price increases were well above the level needed to offset the actual rise in costs. And they are not bring prices down as much as the fall in the commodity price of oil would call for.
The wake-up call to American car owners was coming sooner or later. The Republicans deliberately dismantled or blocked every effort (starting in the Reagan administration) to make America energy independent.and until 2 years ago ridiculed everyone who tried to warn that something like this was inevitable under their policies. Personally, I have no sympathy whatsoever for the millions of ';poor victims'; who couldn't afford to gas up their SUVs.They were warned for years. They got exactly what they deserved.
This whole episode is not going to change the overall future course in energy production--though it may speed it up. The technology has changed. No one is going to buy gasoline powered cars 20 years from now. Quite aside from environmental concerns (which are rapidly becoming critical, whether anyone wants to admit it or not) oil is simply obsolete. Electrics--and possibly hydrogen fueled--cars, alternative systems for energy production like wind and solar--are all already more cost effective or soon will be. The oil companies know tis--they wee simply taking advantae of a market dysfunction to make a quick buck. But if you look at what these companies are doing (try reading their annual reports) they are NOT investing in oil exploration or new refineries. They are putting their money into alternative energy, preparing to switcch over to a new technology. They have no choice. The technology is beginning to shift. They will either adapt or die. Or end up lke the auto companies, who refused to learn and are now suffering the consequences.Do you think oil companies can manipulate gas prices?
It would seem to be a simple manipulation of supply and demand. If the oil production companies decide that they will cut supply when demand is steady then economics state that the price will go up, therefore they can of course manipulate the price. If, as is the case, world leaders head off to oil producing nations and beg them to increase supply when the price is high, then there will be a decrease in price as demand for the highly priced commodity decreases as peoples trends change to cope with the new inflated price.It is in the oil producer's interests to sell as much oil at a high price so as soon as the supply increases and the price decreases they will cut supply again. If the oil producers then cut back supply enough in order to produce just enough for the demand it is only a matter of time before the price can rise again and the cycle can start all over. Whatever happens the oil companies win and as with any supplier they can manipulate the supply and therefore the price, unless of course a greater force decides to have a war in the vicinity which then allows the governments to manipulate the production of oil ..... a completely new topic...!
What caused gas prices to spike were speculators betting on our oil running out. Instead, people got wise and started to conserve energy, buy fuel efficient cars and do other things to cut their energy in half. In return, less fuel is being used and now prices have gone down.
All this without drilling.
It's the OPEC consortium of nations that manipulates the world price of oil to their liking. Right now they want to bring up the price a bit to about $60. They don't like huge swings. Nobody can make long term plans on development when they don't know what their income will be. The smaller member nations (Iran, Venezuela) want the price higher because they are trying to arm themselves and build a nuclear capability.
Oh Gee I don't know. Can a restaurant owner jack up the price od a steak when he wants to...just so he can put it on the blackboard once a week as a ';special';??
of course they can!! It is a cartel. they conspire to do it all the time!! Competition is not about keeping prices down for the consumer...it is about keeping prices UP for the seller!! They ALL conspire in that!!
Trading of FUTURES on the stock market has drastically lowered the price of oil and gas.
they have some control but mostly it is controlled by opec and speculators
No I still think supply and demand.
yes.
IT'S ALL ABOUT THE MONEY.
Fair price for extra virgin Olive oil ..?
Can any one tell me what would be a fair price for 1 ltr %26amp; which brand can offer this at the price %26amp; where can one get it in BangaloreFair price for extra virgin Olive oil ..?
its available near jogpalya... im not sure about the stores name... well then ,even i have seen it garuda maal.. just check it out for shop name under cosmetics category near the entrance of garuda maal....!
its available near jogpalya... im not sure about the stores name... well then ,even i have seen it garuda maal.. just check it out for shop name under cosmetics category near the entrance of garuda maal....!
Oil prices have dropped $8 in two days, why isn't gas dropping significantly as well?
Just as it takes time for prices to rise when oil prices rise, the same is true when prices go down. What you should see is gas prices stabilize this week and not increase. If the price of oil continues its downward tred the price will adjust over the next month in proportion to the drop in oil prices. An $8 difference is only going to mean pennies in savings at the pump.Oil prices have dropped $8 in two days, why isn't gas dropping significantly as well?
sometimes there is a time lag between price of good x and price of good y, even though they are complements.
time lags could be because of long-term contracts for gas supply, gas production, etcOil prices have dropped $8 in two days, why isn't gas dropping significantly as well?
as far as i am concerned the whole gas thing is a conspiracy and a massive lag on our society.
It has here, from 4.19 to 3.96
because our country is in debt
sometimes there is a time lag between price of good x and price of good y, even though they are complements.
time lags could be because of long-term contracts for gas supply, gas production, etcOil prices have dropped $8 in two days, why isn't gas dropping significantly as well?
as far as i am concerned the whole gas thing is a conspiracy and a massive lag on our society.
It has here, from 4.19 to 3.96
because our country is in debt
Do people agree with Rhandi Rhodes that oil prices are high because of speculation?
';Combined, oil and gas companies hold leases to nearly 68 million acres of federal land that are not producing oil and gas. The 68 million acres of leased, inactive federal land could produce an additional 4.8 million barrels of oil and 44.7 billion cubic feet of natural gas each day. That would nearly double total U.S. oil production, and increase natural
gas production by 75%. ';
http://forums.therandirhodesshow.com/rr_…Do people agree with Rhandi Rhodes that oil prices are high because of speculation?
Congressman Rahall’s committee has offered a strong denunciation of both the oil industry and the Bush Administration by pointing out that a significant majority of all oil bearing lands, both on- and off-shore, are already leased to oil companies but are not being exploited. Powerline, which appears to be a conservative “think tank,” reported on the recent meeting between members of congress and oil industry executives and offered a strong denunciation of our public policy on oil exploration and development, particularly as advocated by Democrats.
http://www.
powerlineblog.com/archives2/
2008/05/020571.php
There may be two sides to every story, but when those two sides are totally contradictory and the people are “financing” the dispute by paying exorbitant prices for gas and heating oil, we need to find out which side has more facts on its side than the other and “fix” the problem. The oil industry is obviously looking out for its bottom line and congress is obviously looking out for our votes.
As a confirmed capitalist, I know that an oil company’s goal is to make money; the public interest is served only as a by-product of its effort to do so. I also know that an elected official’s goal is to get reelected and/or set up a lucrative career in the private sector if he retires before he dies; the public interest is served only as a by-product of his efforts to do so.
How do we reconcile the public interest with the private interests of our publicly-owned corporations? How do we get greedy oil barons who never met a dollar they didn’t like on the same page as inept elected officials who don’t know the difference between an oil well and a wishing well?Do people agree with Rhandi Rhodes that oil prices are high because of speculation?
Speculation would always effect prices but not that much... Rhodes is making excuses for oil corporations and the government. Oil prices and the petroleum is dictated by OPEC, a economic cartel that American oil interests have little pursuasion over... even if we opened all that area (it would take 5-10 years anyway to get real production out of that... but for argument's sake let's say we could get oil out of it immediately) it would be just a drop compared to the oil output in ALL the OPEC nations' yield. Prices would reflect that drop.... which would mean regular people would not notice the difference.
Oil consumption has gone up tremendously not only nationwide but worldwide. Production hasn't. It's cause and effect. I agree with your quote. The only problem is what happens when we start drilling more and China is willing to pay more for it than we are? Oil companies will simply sell it to them for as much as possible. Drilling is the only short term answer but there has to be regulation to keep the oil drilled in the us, in the us. You conspiracy theory idiots are crazy! Why would oil companies not want to produce more oil? More oil = more money regardless of the little bit that we will save at the pump.
Absolutely.
Can you remember any times when gas prices shot up considerably overnight? Like in response to a refinery fire or a hurricane?
How can this affect the price of gas that's already in the tanks at the stations except for speculation.
That's why, I feel, even though it would be some time before the drilled oil began showing up at gas stations, as soon as the drill bit touched the ground, prices of gas would start to go down. Maybe not too quickly at first, but at least they'd be going in the right direction.
Yes , Yes, Yes, Speculators are recouping the money they lost in the Real Estate bubble and Fed chairman is supporting it. De valuating the dollar has also had its effect, and to prove the point, there is as much 4.00 gas as you can buy available..No shortages and with reserves building up, we may see a drop at the pump to move the product. This game smells like the War on Drugs, pour great amounts of money at a problem which cannot be solved and then raise the street value, more expensive for less product.. In both cases, Oil and Drugs, there is ample supply, you just need the cash.
Yes he is. It is Fact, every time Bush makes public threats to strike Iran, prices tend to hike.
Ever Notice he does it before every Summit w/o Congress saying anything.
The World thinks and believes that Congress supports Bush.
.http://www.naturalgas.org/naturalgas/ext…
with this history, are we to beleive that we have not developed new technologies to improve drilling and production.... just who do you think is fooled..
YES THE SPECULATORS ARE PROBABLY PLAYING A MAJOR ROLL IN THE HIGH PRICES BUT IF THE SUPPLY OF OIL WAS NOT AS LIMITED AS IT IS THE SPECULATORS WOULD NOT BE ABLE TO INCREASE THE PRICE OF OIL. IF YOU HAVE TAKEN ECOMONICS 101 YOU WILL KNOW WHAT I AM TALKING ABOUT. RIGHT NOW THE PRICE OF OIL IS INELASTIC MEANING THAT THE HIGHER YOU RAISE THE PRICE THE MORE YOU MAKE. IF THE SUPPLY WAS LARGE ENOUGH IT WOULD BECOME ELASTIC MEANING THAT BY LOWERING THE PRICE YOU WOULD MAKE MORE MONEY.
oil prices are rising because the Bilderberg group set the target price as $200 a barrel %26amp; at the moment it's 'only' $138
http://dprogram.wordpress.com/2008/05/21…
the govt shouldn't be chasing after oil anymore, we should be using the resources we have now to develop new forms of energy
China and India is the main cause. Thank Bill Clinton for letting them into the WTO. If they were not in the WTO then they would not have a trade surplus with the western world.
Bill Clinton got paid money from China. U.S. gov. documents show he was forced to return the money.
China Is Against Free Trade. What Should Be Done About Its Protectionism?
http://answers.yahoo.com/question/index;…
Oil prices are high because we're depleting the Talibans bank account, and we're dumb enough to jack their numbers back up... Worse part about it is... The US government is letting us.
Part of the reason. really only cure I see is protests or riots. If this keeps up there could be cities on fire across the world.
it's a part of it...
maybe not all...
and if anyone thinks that oil companies want to drill more... then you're not using your head...
they don't mind these prices...jabbawockeez mask
gas production by 75%. ';
http://forums.therandirhodesshow.com/rr_…Do people agree with Rhandi Rhodes that oil prices are high because of speculation?
Congressman Rahall’s committee has offered a strong denunciation of both the oil industry and the Bush Administration by pointing out that a significant majority of all oil bearing lands, both on- and off-shore, are already leased to oil companies but are not being exploited. Powerline, which appears to be a conservative “think tank,” reported on the recent meeting between members of congress and oil industry executives and offered a strong denunciation of our public policy on oil exploration and development, particularly as advocated by Democrats.
http://www.
powerlineblog.com/archives2/
2008/05/020571.php
There may be two sides to every story, but when those two sides are totally contradictory and the people are “financing” the dispute by paying exorbitant prices for gas and heating oil, we need to find out which side has more facts on its side than the other and “fix” the problem. The oil industry is obviously looking out for its bottom line and congress is obviously looking out for our votes.
As a confirmed capitalist, I know that an oil company’s goal is to make money; the public interest is served only as a by-product of its effort to do so. I also know that an elected official’s goal is to get reelected and/or set up a lucrative career in the private sector if he retires before he dies; the public interest is served only as a by-product of his efforts to do so.
How do we reconcile the public interest with the private interests of our publicly-owned corporations? How do we get greedy oil barons who never met a dollar they didn’t like on the same page as inept elected officials who don’t know the difference between an oil well and a wishing well?Do people agree with Rhandi Rhodes that oil prices are high because of speculation?
Speculation would always effect prices but not that much... Rhodes is making excuses for oil corporations and the government. Oil prices and the petroleum is dictated by OPEC, a economic cartel that American oil interests have little pursuasion over... even if we opened all that area (it would take 5-10 years anyway to get real production out of that... but for argument's sake let's say we could get oil out of it immediately) it would be just a drop compared to the oil output in ALL the OPEC nations' yield. Prices would reflect that drop.... which would mean regular people would not notice the difference.
Oil consumption has gone up tremendously not only nationwide but worldwide. Production hasn't. It's cause and effect. I agree with your quote. The only problem is what happens when we start drilling more and China is willing to pay more for it than we are? Oil companies will simply sell it to them for as much as possible. Drilling is the only short term answer but there has to be regulation to keep the oil drilled in the us, in the us. You conspiracy theory idiots are crazy! Why would oil companies not want to produce more oil? More oil = more money regardless of the little bit that we will save at the pump.
Absolutely.
Can you remember any times when gas prices shot up considerably overnight? Like in response to a refinery fire or a hurricane?
How can this affect the price of gas that's already in the tanks at the stations except for speculation.
That's why, I feel, even though it would be some time before the drilled oil began showing up at gas stations, as soon as the drill bit touched the ground, prices of gas would start to go down. Maybe not too quickly at first, but at least they'd be going in the right direction.
Yes , Yes, Yes, Speculators are recouping the money they lost in the Real Estate bubble and Fed chairman is supporting it. De valuating the dollar has also had its effect, and to prove the point, there is as much 4.00 gas as you can buy available..No shortages and with reserves building up, we may see a drop at the pump to move the product. This game smells like the War on Drugs, pour great amounts of money at a problem which cannot be solved and then raise the street value, more expensive for less product.. In both cases, Oil and Drugs, there is ample supply, you just need the cash.
Yes he is. It is Fact, every time Bush makes public threats to strike Iran, prices tend to hike.
Ever Notice he does it before every Summit w/o Congress saying anything.
The World thinks and believes that Congress supports Bush.
.http://www.naturalgas.org/naturalgas/ext…
with this history, are we to beleive that we have not developed new technologies to improve drilling and production.... just who do you think is fooled..
YES THE SPECULATORS ARE PROBABLY PLAYING A MAJOR ROLL IN THE HIGH PRICES BUT IF THE SUPPLY OF OIL WAS NOT AS LIMITED AS IT IS THE SPECULATORS WOULD NOT BE ABLE TO INCREASE THE PRICE OF OIL. IF YOU HAVE TAKEN ECOMONICS 101 YOU WILL KNOW WHAT I AM TALKING ABOUT. RIGHT NOW THE PRICE OF OIL IS INELASTIC MEANING THAT THE HIGHER YOU RAISE THE PRICE THE MORE YOU MAKE. IF THE SUPPLY WAS LARGE ENOUGH IT WOULD BECOME ELASTIC MEANING THAT BY LOWERING THE PRICE YOU WOULD MAKE MORE MONEY.
oil prices are rising because the Bilderberg group set the target price as $200 a barrel %26amp; at the moment it's 'only' $138
http://dprogram.wordpress.com/2008/05/21…
the govt shouldn't be chasing after oil anymore, we should be using the resources we have now to develop new forms of energy
China and India is the main cause. Thank Bill Clinton for letting them into the WTO. If they were not in the WTO then they would not have a trade surplus with the western world.
Bill Clinton got paid money from China. U.S. gov. documents show he was forced to return the money.
China Is Against Free Trade. What Should Be Done About Its Protectionism?
http://answers.yahoo.com/question/index;…
Oil prices are high because we're depleting the Talibans bank account, and we're dumb enough to jack their numbers back up... Worse part about it is... The US government is letting us.
Part of the reason. really only cure I see is protests or riots. If this keeps up there could be cities on fire across the world.
it's a part of it...
maybe not all...
and if anyone thinks that oil companies want to drill more... then you're not using your head...
they don't mind these prices...
Do you think oil prices will go back up?
if so when?
if not why?Do you think oil prices will go back up?
Yes, the price should be a round $90-$100 a barrel. The prices now are because the prices were way too high over the summer. Around march-april the oil prices will level in that range. and hopefully stay in that range. I hope oil people are learning from this before they artificially drive up the prices as they did in the spring.Do you think oil prices will go back up?
Yeah, when the before the stock market goes back up. The oil price isn't controlled by the market, it's controlled by OPEC and they raise prices whenever they feel like they can get away with it. And right now the market isn't good enough to keep prices high. People will just stop using gas and oil and find alternatives.
if the slowdown in economy continues and china dont grow by 10% then oil will go to 30 - 20 USD pr Barel and there is a talk of cutiing the out put to prop it up the fair value for oil is 73 USD
yes they certainly will.. they have been over corrected... way under valued here...
they have gone down so much because of supply and demand issues, and to tame an economy a little
but they will go up....
when... probably be the end of winter...
if not why?Do you think oil prices will go back up?
Yes, the price should be a round $90-$100 a barrel. The prices now are because the prices were way too high over the summer. Around march-april the oil prices will level in that range. and hopefully stay in that range. I hope oil people are learning from this before they artificially drive up the prices as they did in the spring.Do you think oil prices will go back up?
Yeah, when the before the stock market goes back up. The oil price isn't controlled by the market, it's controlled by OPEC and they raise prices whenever they feel like they can get away with it. And right now the market isn't good enough to keep prices high. People will just stop using gas and oil and find alternatives.
if the slowdown in economy continues and china dont grow by 10% then oil will go to 30 - 20 USD pr Barel and there is a talk of cutiing the out put to prop it up the fair value for oil is 73 USD
yes they certainly will.. they have been over corrected... way under valued here...
they have gone down so much because of supply and demand issues, and to tame an economy a little
but they will go up....
when... probably be the end of winter...
Why does bush keep blaming the democratic congress forthe high oil prices?
he says they wont let oil companies drill in anwar and other places here in the but what he doesnt tell you is what his energy dept told him if they do drill for example in anwar the price will go down maybe 1 penny in the next 20 years and thats the dems telling him that its his own energy dept so this guy to me has become an even bigger joke than he already isWhy does bush keep blaming the democratic congress forthe high oil prices?
He doesn't want to admit the truth: he is doing the bidding for Big Oil. They have to love their record profits while the rest of us suffer under the void of leadership in the White House.Why does bush keep blaming the democratic congress forthe high oil prices?
He has a pattern of blaming everything for the last seven years on Democrats. If things had gone well he would have taken the credit, instead, due to his own management failings, hes needed to take cover.
Alaska and Florida both with oil reserves, have continuously fought not to have more drilling, both are hugely red states.
Congress for six years did not push though more drilling, more refineries, more anything...they sat on their hands despite a clear majority in the executive and legislative branches.
Its not the Democrats that missed the opportunity to shove it through, its the Republicans who didn't want their state worrying about oil spills in the wilderness and offshore accidents.
In those six years, had they been serious, they could have rewritten those environmental regulations, they didn't.
In those six years they could have allowed darn near anything, but they didn't.
The notion that in eighteen months the Democrats with their one vote majority could have overcome a sure veto, is so off the wall that I don't know how anyone can seriously be expected to believe that.
Not to mention the Iran war, which took their oil off the market, and now its back at a considerably lower output.
Don't you think that has something to do with the price of oil?
Or the declining value of the dollar due to our excessive debt due again to the Iraqi war?
The democrats also shut down every effort to develop oil resources in the lower 48 and off shore. We could have had the Anwr oil now if the previous president had signed the bill in the 90s. The president is correct, the Democrats promised they had a plan to lower gas prices and instead the prices have nearly doubled since they took control of congress. What is the ';plan,'; to once again lie to the American people and hope we don't notice.
Because blaming and coming up with simplistic solutions is what he does best.
Anwar is all about making sure the oil companies squeeze every penny they can while there is still oil to be drilled for.
I say leave the caribou alone. It's not their fault and the average consumer won't profit from the destruction of their habitat.
Because the democrats (in general, not this particualr congress) ARE to blame.
Environmental regulations brought about by democrats have made exploration impossible (ANWR, continental shelf drilling), and made building new refineries prohibitively expensive.
As for drilling in ANWR, its more to me about becoming independent and not relying on the mideast, Venezuela, etc, than about the price.
Democrats keep blaming Bush for almost anything that happens in the United States, so it really goes around in a circle. Also, oil prices have significantly risen since the Democrats took control of Congress, so Bush may have a valid point there.
He isn't doing it for the nation, he is doing his bidding for the oil companies.
';to me has become an even bigger joke than he already is'; agreed
Republicans can't think. They are told something %26amp; then they defend that with out thinking so he %26amp; his followers are being told to blame the dems for everything.
Because he always needs a scapegoat and is unwilling to assume responsibility for anything ,he does, just blame others
He knows more about it than I do, so I guess it IS their fault,
didn't happen until Pelosi became House Majority leader...
good thinking George...you figured it OUT!
Republicans had six years of total control.
They could have drilled in anwar then.
They are now playing the Washington blame game.
Because the dems will not allow any oil to be drilled in our country and we are not allowed any new nuclear reactors.
Why have oil prices doubled since Democrats took control?
Because like most other people, he has some real problems with personal accountability.
He doesn't want to admit the truth: he is doing the bidding for Big Oil. They have to love their record profits while the rest of us suffer under the void of leadership in the White House.Why does bush keep blaming the democratic congress forthe high oil prices?
He has a pattern of blaming everything for the last seven years on Democrats. If things had gone well he would have taken the credit, instead, due to his own management failings, hes needed to take cover.
Alaska and Florida both with oil reserves, have continuously fought not to have more drilling, both are hugely red states.
Congress for six years did not push though more drilling, more refineries, more anything...they sat on their hands despite a clear majority in the executive and legislative branches.
Its not the Democrats that missed the opportunity to shove it through, its the Republicans who didn't want their state worrying about oil spills in the wilderness and offshore accidents.
In those six years, had they been serious, they could have rewritten those environmental regulations, they didn't.
In those six years they could have allowed darn near anything, but they didn't.
The notion that in eighteen months the Democrats with their one vote majority could have overcome a sure veto, is so off the wall that I don't know how anyone can seriously be expected to believe that.
Not to mention the Iran war, which took their oil off the market, and now its back at a considerably lower output.
Don't you think that has something to do with the price of oil?
Or the declining value of the dollar due to our excessive debt due again to the Iraqi war?
The democrats also shut down every effort to develop oil resources in the lower 48 and off shore. We could have had the Anwr oil now if the previous president had signed the bill in the 90s. The president is correct, the Democrats promised they had a plan to lower gas prices and instead the prices have nearly doubled since they took control of congress. What is the ';plan,'; to once again lie to the American people and hope we don't notice.
Because blaming and coming up with simplistic solutions is what he does best.
Anwar is all about making sure the oil companies squeeze every penny they can while there is still oil to be drilled for.
I say leave the caribou alone. It's not their fault and the average consumer won't profit from the destruction of their habitat.
Because the democrats (in general, not this particualr congress) ARE to blame.
Environmental regulations brought about by democrats have made exploration impossible (ANWR, continental shelf drilling), and made building new refineries prohibitively expensive.
As for drilling in ANWR, its more to me about becoming independent and not relying on the mideast, Venezuela, etc, than about the price.
Democrats keep blaming Bush for almost anything that happens in the United States, so it really goes around in a circle. Also, oil prices have significantly risen since the Democrats took control of Congress, so Bush may have a valid point there.
He isn't doing it for the nation, he is doing his bidding for the oil companies.
';to me has become an even bigger joke than he already is'; agreed
Republicans can't think. They are told something %26amp; then they defend that with out thinking so he %26amp; his followers are being told to blame the dems for everything.
Because he always needs a scapegoat and is unwilling to assume responsibility for anything ,he does, just blame others
He knows more about it than I do, so I guess it IS their fault,
didn't happen until Pelosi became House Majority leader...
good thinking George...you figured it OUT!
Republicans had six years of total control.
They could have drilled in anwar then.
They are now playing the Washington blame game.
Because the dems will not allow any oil to be drilled in our country and we are not allowed any new nuclear reactors.
Why have oil prices doubled since Democrats took control?
Because like most other people, he has some real problems with personal accountability.
Are the oil companies still manipulating gas prices down to help the GOP?
that's what was said BEFORE the election. Jimmy Carter even said it, but the election is OVER and gas prices and oil prices are still dropping!
Why isn't big oil forcing the prices back up since they set the prices at will (according to liberals)?Are the oil companies still manipulating gas prices down to help the GOP?
The answer is liberals want high gas prices. Their theory is that as long as gas is cheap we will not develop alternative fuels. They want gas above $5.00 per gallon to force us off gasoline. That's why they will fight to their last breathe to prevent new drilling and refineries.Are the oil companies still manipulating gas prices down to help the GOP?
Have you had an economics class or learned anything about supply and demand? The GOP, the President, the election, etc. have very little if nothing to do with the oil prices going up or down. They certainly can't dictate it at their whim...that's just silly.
There are several reasons why the oil traders are demanding premium prices on oil these days. One of them is that the areas where most of the known oil reserves such as the middle east, Russia, Indonesia, etc. are politically unstable. The main reason however for rising prices is because of the surge in global consumption. An increase in the demand for oil causes prices to go up and vice versa. There are lots of factors to consider...read the link, it is very informative.
In case you haven't noticed the Republicans lost. The answer is no. Gas prices are dropping based on two factors which are both related to economic conditions. The first is that speculators have been dumping their oil stocks which has caused the price per barrel to drop below a two year low. The second is that supply remains stable, but demand has reduced. No conspiracies here just simple explainable economic conditions at work. If anything the price per gallon is still higher than it should be based on the price per barrel and demand arguments.
Edit: I got the sarcasm. However, there are people who actually believe these things. It is not good to reinforce false perceptions even for sarcastic value. So I posted the right information for those who might be so inclined to examine the situation rationally.
Cantu: Opec has tried this twice in the last couple of months (cutting production). It has not produced the result they desire. OPEC can only cut production so low before it seriously effects their bottom line and in essence becomes a case of cutting their own throats. However, the United States does not get the majority of it's oil from OPEC sources so it may not produce any effect at all in the American markets.
They will go back up, especially since OPEC cut their production by 1/2 Million barrels a day, thanks to the oil industry. They will go back up, just like they did in 2000, 2004, and 2006!
Let me guess, we will have another oil shortage soon! The last one was an artificial one created by the oil companies in order to get drilling rights off shore, which they are going to be limited now!
Also, you must remember that this economy, and the world economy, has not been like this for almost 100 years! NO ONE knows what is going to happen! No One!
No case you have not noticed the major oil companies are pissed because there seems to be a lack of customers. They have no choice but to drop the prices not to mention the stock market problems. I wonder if this was the Democrats plans all along in order to lower gas prices Genius idea Crash the markets to lower gas wow I applaud that party what a great idea. Yea I would rather have paid the price and had a healthy stock market then lower prices and headed for a depression.
No of course not it's because they know no one will be able to afford it under the next presidency. Look at the stock market since the messiah was named winner. Jimmy Carter and the oil companies go waaaay back, whadda goon.
You are a Capitalist poophead.
You explain it to us.
I don't know.
TV say investors are still skittish.
If you can invest... You have ripped some poor soul off somewhere in the process.
An honest person has NO money.
IF (and I stress ';if';) the lowering of gas prices is part of some sort of collusion by oil companies to aid the GOP then it would make more sense to raise them some time after Obama actually takes office.
Obama and Pelosi lied to them and they believed it. They're just not going to admit it.
Well I don't think so. Democrates have control. The demand has gone down that is why, and Clintons no off shore drill law has ended
ooohhhh..Jimmy Carter said it..REAL credibility there. Obama's his bastard child.
Nope, demand is down because of Bush's recession/depression.
The concept of Supply and Demand a little too tough to grasp?
I'm guessing you failed Economics in school?
Ask again in a couple of weeks...
Why isn't big oil forcing the prices back up since they set the prices at will (according to liberals)?Are the oil companies still manipulating gas prices down to help the GOP?
The answer is liberals want high gas prices. Their theory is that as long as gas is cheap we will not develop alternative fuels. They want gas above $5.00 per gallon to force us off gasoline. That's why they will fight to their last breathe to prevent new drilling and refineries.Are the oil companies still manipulating gas prices down to help the GOP?
Have you had an economics class or learned anything about supply and demand? The GOP, the President, the election, etc. have very little if nothing to do with the oil prices going up or down. They certainly can't dictate it at their whim...that's just silly.
There are several reasons why the oil traders are demanding premium prices on oil these days. One of them is that the areas where most of the known oil reserves such as the middle east, Russia, Indonesia, etc. are politically unstable. The main reason however for rising prices is because of the surge in global consumption. An increase in the demand for oil causes prices to go up and vice versa. There are lots of factors to consider...read the link, it is very informative.
In case you haven't noticed the Republicans lost. The answer is no. Gas prices are dropping based on two factors which are both related to economic conditions. The first is that speculators have been dumping their oil stocks which has caused the price per barrel to drop below a two year low. The second is that supply remains stable, but demand has reduced. No conspiracies here just simple explainable economic conditions at work. If anything the price per gallon is still higher than it should be based on the price per barrel and demand arguments.
Edit: I got the sarcasm. However, there are people who actually believe these things. It is not good to reinforce false perceptions even for sarcastic value. So I posted the right information for those who might be so inclined to examine the situation rationally.
Cantu: Opec has tried this twice in the last couple of months (cutting production). It has not produced the result they desire. OPEC can only cut production so low before it seriously effects their bottom line and in essence becomes a case of cutting their own throats. However, the United States does not get the majority of it's oil from OPEC sources so it may not produce any effect at all in the American markets.
They will go back up, especially since OPEC cut their production by 1/2 Million barrels a day, thanks to the oil industry. They will go back up, just like they did in 2000, 2004, and 2006!
Let me guess, we will have another oil shortage soon! The last one was an artificial one created by the oil companies in order to get drilling rights off shore, which they are going to be limited now!
Also, you must remember that this economy, and the world economy, has not been like this for almost 100 years! NO ONE knows what is going to happen! No One!
No case you have not noticed the major oil companies are pissed because there seems to be a lack of customers. They have no choice but to drop the prices not to mention the stock market problems. I wonder if this was the Democrats plans all along in order to lower gas prices Genius idea Crash the markets to lower gas wow I applaud that party what a great idea. Yea I would rather have paid the price and had a healthy stock market then lower prices and headed for a depression.
No of course not it's because they know no one will be able to afford it under the next presidency. Look at the stock market since the messiah was named winner. Jimmy Carter and the oil companies go waaaay back, whadda goon.
You are a Capitalist poophead.
You explain it to us.
I don't know.
TV say investors are still skittish.
If you can invest... You have ripped some poor soul off somewhere in the process.
An honest person has NO money.
IF (and I stress ';if';) the lowering of gas prices is part of some sort of collusion by oil companies to aid the GOP then it would make more sense to raise them some time after Obama actually takes office.
Obama and Pelosi lied to them and they believed it. They're just not going to admit it.
Well I don't think so. Democrates have control. The demand has gone down that is why, and Clintons no off shore drill law has ended
ooohhhh..Jimmy Carter said it..REAL credibility there. Obama's his bastard child.
Nope, demand is down because of Bush's recession/depression.
The concept of Supply and Demand a little too tough to grasp?
I'm guessing you failed Economics in school?
Ask again in a couple of weeks...
Are the oil companies still manipulating gas prices down to help the GOP?
that's what was said BEFORE the election. Jimmy Carter even said it, but the election is OVER and gas prices and oil prices are still dropping!
Why isn't big oil forcing the prices back up since they set the prices at will (according to liberals)?Are the oil companies still manipulating gas prices down to help the GOP?
The answer is liberals want high gas prices. Their theory is that as long as gas is cheap we will not develop alternative fuels. They want gas above $5.00 per gallon to force us off gasoline. That's why they will fight to their last breathe to prevent new drilling and refineries.Are the oil companies still manipulating gas prices down to help the GOP?
Have you had an economics class or learned anything about supply and demand? The GOP, the President, the election, etc. have very little if nothing to do with the oil prices going up or down. They certainly can't dictate it at their whim...that's just silly.
There are several reasons why the oil traders are demanding premium prices on oil these days. One of them is that the areas where most of the known oil reserves such as the middle east, Russia, Indonesia, etc. are politically unstable. The main reason however for rising prices is because of the surge in global consumption. An increase in the demand for oil causes prices to go up and vice versa. There are lots of factors to consider...read the link, it is very informative.
In case you haven't noticed the Republicans lost. The answer is no. Gas prices are dropping based on two factors which are both related to economic conditions. The first is that speculators have been dumping their oil stocks which has caused the price per barrel to drop below a two year low. The second is that supply remains stable, but demand has reduced. No conspiracies here just simple explainable economic conditions at work. If anything the price per gallon is still higher than it should be based on the price per barrel and demand arguments.
Edit: I got the sarcasm. However, there are people who actually believe these things. It is not good to reinforce false perceptions even for sarcastic value. So I posted the right information for those who might be so inclined to examine the situation rationally.
Cantu: Opec has tried this twice in the last couple of months (cutting production). It has not produced the result they desire. OPEC can only cut production so low before it seriously effects their bottom line and in essence becomes a case of cutting their own throats. However, the United States does not get the majority of it's oil from OPEC sources so it may not produce any effect at all in the American markets.
They will go back up, especially since OPEC cut their production by 1/2 Million barrels a day, thanks to the oil industry. They will go back up, just like they did in 2000, 2004, and 2006!
Let me guess, we will have another oil shortage soon! The last one was an artificial one created by the oil companies in order to get drilling rights off shore, which they are going to be limited now!
Also, you must remember that this economy, and the world economy, has not been like this for almost 100 years! NO ONE knows what is going to happen! No One!
No case you have not noticed the major oil companies are pissed because there seems to be a lack of customers. They have no choice but to drop the prices not to mention the stock market problems. I wonder if this was the Democrats plans all along in order to lower gas prices Genius idea Crash the markets to lower gas wow I applaud that party what a great idea. Yea I would rather have paid the price and had a healthy stock market then lower prices and headed for a depression.
No of course not it's because they know no one will be able to afford it under the next presidency. Look at the stock market since the messiah was named winner. Jimmy Carter and the oil companies go waaaay back, whadda goon.
You are a Capitalist poophead.
You explain it to us.
I don't know.
TV say investors are still skittish.
If you can invest... You have ripped some poor soul off somewhere in the process.
An honest person has NO money.
IF (and I stress ';if';) the lowering of gas prices is part of some sort of collusion by oil companies to aid the GOP then it would make more sense to raise them some time after Obama actually takes office.
Obama and Pelosi lied to them and they believed it. They're just not going to admit it.
Well I don't think so. Democrates have control. The demand has gone down that is why, and Clintons no off shore drill law has ended
ooohhhh..Jimmy Carter said it..REAL credibility there. Obama's his bastard child.
Nope, demand is down because of Bush's recession/depression.
The concept of Supply and Demand a little too tough to grasp?
I'm guessing you failed Economics in school?
Ask again in a couple of weeks...
Why isn't big oil forcing the prices back up since they set the prices at will (according to liberals)?Are the oil companies still manipulating gas prices down to help the GOP?
The answer is liberals want high gas prices. Their theory is that as long as gas is cheap we will not develop alternative fuels. They want gas above $5.00 per gallon to force us off gasoline. That's why they will fight to their last breathe to prevent new drilling and refineries.Are the oil companies still manipulating gas prices down to help the GOP?
Have you had an economics class or learned anything about supply and demand? The GOP, the President, the election, etc. have very little if nothing to do with the oil prices going up or down. They certainly can't dictate it at their whim...that's just silly.
There are several reasons why the oil traders are demanding premium prices on oil these days. One of them is that the areas where most of the known oil reserves such as the middle east, Russia, Indonesia, etc. are politically unstable. The main reason however for rising prices is because of the surge in global consumption. An increase in the demand for oil causes prices to go up and vice versa. There are lots of factors to consider...read the link, it is very informative.
In case you haven't noticed the Republicans lost. The answer is no. Gas prices are dropping based on two factors which are both related to economic conditions. The first is that speculators have been dumping their oil stocks which has caused the price per barrel to drop below a two year low. The second is that supply remains stable, but demand has reduced. No conspiracies here just simple explainable economic conditions at work. If anything the price per gallon is still higher than it should be based on the price per barrel and demand arguments.
Edit: I got the sarcasm. However, there are people who actually believe these things. It is not good to reinforce false perceptions even for sarcastic value. So I posted the right information for those who might be so inclined to examine the situation rationally.
Cantu: Opec has tried this twice in the last couple of months (cutting production). It has not produced the result they desire. OPEC can only cut production so low before it seriously effects their bottom line and in essence becomes a case of cutting their own throats. However, the United States does not get the majority of it's oil from OPEC sources so it may not produce any effect at all in the American markets.
They will go back up, especially since OPEC cut their production by 1/2 Million barrels a day, thanks to the oil industry. They will go back up, just like they did in 2000, 2004, and 2006!
Let me guess, we will have another oil shortage soon! The last one was an artificial one created by the oil companies in order to get drilling rights off shore, which they are going to be limited now!
Also, you must remember that this economy, and the world economy, has not been like this for almost 100 years! NO ONE knows what is going to happen! No One!
No case you have not noticed the major oil companies are pissed because there seems to be a lack of customers. They have no choice but to drop the prices not to mention the stock market problems. I wonder if this was the Democrats plans all along in order to lower gas prices Genius idea Crash the markets to lower gas wow I applaud that party what a great idea. Yea I would rather have paid the price and had a healthy stock market then lower prices and headed for a depression.
No of course not it's because they know no one will be able to afford it under the next presidency. Look at the stock market since the messiah was named winner. Jimmy Carter and the oil companies go waaaay back, whadda goon.
You are a Capitalist poophead.
You explain it to us.
I don't know.
TV say investors are still skittish.
If you can invest... You have ripped some poor soul off somewhere in the process.
An honest person has NO money.
IF (and I stress ';if';) the lowering of gas prices is part of some sort of collusion by oil companies to aid the GOP then it would make more sense to raise them some time after Obama actually takes office.
Obama and Pelosi lied to them and they believed it. They're just not going to admit it.
Well I don't think so. Democrates have control. The demand has gone down that is why, and Clintons no off shore drill law has ended
ooohhhh..Jimmy Carter said it..REAL credibility there. Obama's his bastard child.
Nope, demand is down because of Bush's recession/depression.
The concept of Supply and Demand a little too tough to grasp?
I'm guessing you failed Economics in school?
Ask again in a couple of weeks...
With Oil Prices Steady, Why Are Gas Prices Rising?
Oil prices are well off their highs yet gas prices are rising rapidly. The refinery stocks are surging to new highs with many of them having doubled in price over the past few months. Are we being taken to the cleaners?With Oil Prices Steady, Why Are Gas Prices Rising?
Yeah, we're being taken to the cleaners. Enron-type manipulation is back in style, buddy! Take a glance at this article I just read this morning.
--------------------------------------…
Gas prices rise as oil companies take in record profits
By Mark Rainer
15 May 2007
The average price for a gallon of gas in the United States has surpassed the $3.00 mark and is currently at $3.07 per gallon. The sharp rise in gas prices has contributed to record high profits of the major oil companies.
Rising fuel prices have put an increased burden on working class families. The average American household is expected to spend $2,600 on gas this year, a significant jump from 2002 when gas expenses averaged $1,600.
According to the Energy Information Administration, the US Department of Energy’s statistical agency, the recent increase in gasoline prices has been due to a “rise in crude oil prices, persistent refinery outages, and seasonal demand growth.”
In fact, crude prices have been fluctuating in recent weeks, but are about at the same level they were one month ago. In the past week, they have actually declined significantly, even as gasoline prices have continued to escalate. Analysts are already predicting that the continued rise in demand will keep gas prices at least at their present levels throughout the summer—the peak driving season.
There have been indications of decreased refining capacity. Refinery outages and a decrease in imports have led to a sharp decline in gasoline inventories and are considered to be largely responsible for most of the recent increase in gasoline prices. Although gasoline inventories rose by 400,000 barrels last week, for the previous 12 weeks inventories were in decline, down a total of 15 percent since February.
Since the mid-1990s, due to a deliberate policy on the part of oil companies, US refineries have been operating near capacity. Outages like those that occurred in the wake of Hurricane Katrina in late 2005 have a large impact on gasoline inventories and have consequently driven up prices. Typically, refineries are shut down in the spring, usually justified on the grounds of regular maintenance and repairs. This spring has seen additional outages with a fire at a major refinery in Texas and other major supposedly unplanned outages.
Among the reasons given for the rise in gas prices, one of the more plausible is the most simple: price gouging. Direct manipulation of the energy market, including through the manufacturing of “unplanned” refinery outages, has precedents. During the 2000-2001 energy crises in California, Enron played a leading role in the rolling blackouts and the $5.7 billion in price hikes that afflicted California energy consumers. Enron’s manipulation of the Californian market included forcing power plants to shut down, price gouging, and over-scheduling the power supply.
In the run-up to the 2006 election, gasoline prices dropped an unprecedented 82 cents over a four-week period. Many Americans felt at the time that the sudden drop was related to the upcoming elections and the attempt to limit pessimism over the economy by temporarily reducing gas prices. This would presumably have had the effect of improving the chances of the Republicans in the elections.
The WSWS noted at the time: “Large energy companies certainly feel they have an interest in maintaining Republican control of the government. Not that they have anything serious to fear from the Democrats, but there are divisions within the ruling elite and no administration has been so closely tied, personally and financially, to the interests of the energy giants as the current one.”
The article concluded with the prediction, “Regardless of the exact forces behind the present decline in gasoline and oil prices, one can bet that by January or February prices will be back to their ‘normal’ exorbitant levels.” (See “US gasoline prices: the ‘free market’ and the November election”)
As a result of a large number of mergers since the 1990s, 10 companies control 81 percent of the nation’s oil refineries. The nation’s top five oil companies—ExxonMobil, British Petroleum (BP), Royal Dutch Shell, Chevron and ConocoPhillips—own more than 40 percent of US refineries. With the absence of additional refining capacity and no government regulation on gasoline prices, there is ample opportunity to control gasoline prices.
The concentration of ownership of gasoline refineries is such that unplanned refinery outages at one or two corporations can have a significant effect. The Texas refinery that caught fire in February supplies the US with 15 percent of its gasoline.
Whatever the cause of the present increase in prices, there is no question that refineries are benefiting greatly as a consequence. On May 4, gross profit margins on gasoline refining rose 57 percent from the start of April to $31.22 a barrel. This is the second widest margin recorded in history, according to the New York Mercantile Exchange, and is double the margins from a year ago. The profits per barrel nearly surpassed the record set on September 1, 2005 in the aftermath of Hurricane Katrina, with a per barrel gross profit margin of $31.71 per barrel.
The profits of the major oil companies are presently at record levels. Of the five top oil companies all but BP show an increase in first quarter profits from the previous year. First quarter profits for ExxonMobil were $9.3 billion, up 10 percent from last year. Royal Dutch Shell reported $7.3 billion, up 6 percent; Chevron reported $4.7 billion, up 18 percent. ConocoPhillips reported $3.5 billion, up 8 percent from last year. Over the past six years the five top oil companies have taken in a staggering $440 billion in profits.
These profits are coming directly out of the pockets of the American population as a whole. Lacking alternatives in transportation, workers have had to accept the higher gas prices. According to the Labor Bureau of Statistics, transportation costs account for 18 percent of average household expenditures—the third largest component. From 2000 to 2005 average expenditures on gasoline and oil rose by 56 percent to $2,013 in 2005. As a percentage of total household expenditures the amount spent on gasoline and oil rose from 3.4 percent in 2000 to 4.3 percent in 2005.
The rising price of gas has already shown its impact on consumer spending. Forced to pay higher gasoline prices, workers have cut back on food, clothing, cars and other consumer goods. As a result, retail sales declined by 0.2 percent in April, the first decline in seven months.
The sharp rise in gasoline prices and the corresponding profiteering of the large oil corporations has led again to a series of symbolic measures and proposals from congressional Democrats. Everything from investigations into refinery outages, bans on price gouging, and windfall profit taxes has been suggested. This is largely for show, and the Democrats have no intention of seriously carrying through reforms that would alleviate the burden on working people from the rise in gas prices. Similar measures were proposed a year ago—and in the aftermath of Katrina—but were subsequently dropped.
For its part, the Bush administration has signaled that it will take no action on gas prices. In remarks yesterday at the White House, billed as a statement on oil prices and global warming, Bush made no mention of the rising gasoline prices. He proposed reducing gasoline consumption by 20 percent over the next 10 years through the increased use of biofuels and an increase in fuel efficiency. In other words, nothing will be done to help those hardest hit by rising gas prices.
http://www.wsws.org/articles/2007/may200…With Oil Prices Steady, Why Are Gas Prices Rising?
You are right. It is a big ripoff. The argument that the oil companies are giving is that their costs are high, but the FACT of the matter is that their PROFITS have broken records every year for the past five years. So all the excuses are just that: excuses. Until people stop using gas and oil so much, however, prices will continue to rise. They can get away with it because we are dumb enough to pay $3.00 or more for a gallon of gas.
That said, the proposed gas ';strike'; everyone is talking about today is a waste of time. Even if EVERYONE participated, this has NO impact on the oil companies or gas stations, because it doesn't change how much gas they sell. All that happens is that people buy their gas a day earlier or a day later. If we really want to impact gas prices, we have to STOP USING GAS. Period.
yeah next time you answer some ones question just give the refference dont copy everything out.
None of what you say is true.
Oil is used for many things. There is only a finite amount. When a larger portion of it gets used for transportation people(i.e. gasoline) instead of heating, transporting goods, power plant costs, the cost of gasoline has to rise. This protects the other uses of oil from being overused.
Yeah, we're being taken to the cleaners. Enron-type manipulation is back in style, buddy! Take a glance at this article I just read this morning.
--------------------------------------…
Gas prices rise as oil companies take in record profits
By Mark Rainer
15 May 2007
The average price for a gallon of gas in the United States has surpassed the $3.00 mark and is currently at $3.07 per gallon. The sharp rise in gas prices has contributed to record high profits of the major oil companies.
Rising fuel prices have put an increased burden on working class families. The average American household is expected to spend $2,600 on gas this year, a significant jump from 2002 when gas expenses averaged $1,600.
According to the Energy Information Administration, the US Department of Energy’s statistical agency, the recent increase in gasoline prices has been due to a “rise in crude oil prices, persistent refinery outages, and seasonal demand growth.”
In fact, crude prices have been fluctuating in recent weeks, but are about at the same level they were one month ago. In the past week, they have actually declined significantly, even as gasoline prices have continued to escalate. Analysts are already predicting that the continued rise in demand will keep gas prices at least at their present levels throughout the summer—the peak driving season.
There have been indications of decreased refining capacity. Refinery outages and a decrease in imports have led to a sharp decline in gasoline inventories and are considered to be largely responsible for most of the recent increase in gasoline prices. Although gasoline inventories rose by 400,000 barrels last week, for the previous 12 weeks inventories were in decline, down a total of 15 percent since February.
Since the mid-1990s, due to a deliberate policy on the part of oil companies, US refineries have been operating near capacity. Outages like those that occurred in the wake of Hurricane Katrina in late 2005 have a large impact on gasoline inventories and have consequently driven up prices. Typically, refineries are shut down in the spring, usually justified on the grounds of regular maintenance and repairs. This spring has seen additional outages with a fire at a major refinery in Texas and other major supposedly unplanned outages.
Among the reasons given for the rise in gas prices, one of the more plausible is the most simple: price gouging. Direct manipulation of the energy market, including through the manufacturing of “unplanned” refinery outages, has precedents. During the 2000-2001 energy crises in California, Enron played a leading role in the rolling blackouts and the $5.7 billion in price hikes that afflicted California energy consumers. Enron’s manipulation of the Californian market included forcing power plants to shut down, price gouging, and over-scheduling the power supply.
In the run-up to the 2006 election, gasoline prices dropped an unprecedented 82 cents over a four-week period. Many Americans felt at the time that the sudden drop was related to the upcoming elections and the attempt to limit pessimism over the economy by temporarily reducing gas prices. This would presumably have had the effect of improving the chances of the Republicans in the elections.
The WSWS noted at the time: “Large energy companies certainly feel they have an interest in maintaining Republican control of the government. Not that they have anything serious to fear from the Democrats, but there are divisions within the ruling elite and no administration has been so closely tied, personally and financially, to the interests of the energy giants as the current one.”
The article concluded with the prediction, “Regardless of the exact forces behind the present decline in gasoline and oil prices, one can bet that by January or February prices will be back to their ‘normal’ exorbitant levels.” (See “US gasoline prices: the ‘free market’ and the November election”)
As a result of a large number of mergers since the 1990s, 10 companies control 81 percent of the nation’s oil refineries. The nation’s top five oil companies—ExxonMobil, British Petroleum (BP), Royal Dutch Shell, Chevron and ConocoPhillips—own more than 40 percent of US refineries. With the absence of additional refining capacity and no government regulation on gasoline prices, there is ample opportunity to control gasoline prices.
The concentration of ownership of gasoline refineries is such that unplanned refinery outages at one or two corporations can have a significant effect. The Texas refinery that caught fire in February supplies the US with 15 percent of its gasoline.
Whatever the cause of the present increase in prices, there is no question that refineries are benefiting greatly as a consequence. On May 4, gross profit margins on gasoline refining rose 57 percent from the start of April to $31.22 a barrel. This is the second widest margin recorded in history, according to the New York Mercantile Exchange, and is double the margins from a year ago. The profits per barrel nearly surpassed the record set on September 1, 2005 in the aftermath of Hurricane Katrina, with a per barrel gross profit margin of $31.71 per barrel.
The profits of the major oil companies are presently at record levels. Of the five top oil companies all but BP show an increase in first quarter profits from the previous year. First quarter profits for ExxonMobil were $9.3 billion, up 10 percent from last year. Royal Dutch Shell reported $7.3 billion, up 6 percent; Chevron reported $4.7 billion, up 18 percent. ConocoPhillips reported $3.5 billion, up 8 percent from last year. Over the past six years the five top oil companies have taken in a staggering $440 billion in profits.
These profits are coming directly out of the pockets of the American population as a whole. Lacking alternatives in transportation, workers have had to accept the higher gas prices. According to the Labor Bureau of Statistics, transportation costs account for 18 percent of average household expenditures—the third largest component. From 2000 to 2005 average expenditures on gasoline and oil rose by 56 percent to $2,013 in 2005. As a percentage of total household expenditures the amount spent on gasoline and oil rose from 3.4 percent in 2000 to 4.3 percent in 2005.
The rising price of gas has already shown its impact on consumer spending. Forced to pay higher gasoline prices, workers have cut back on food, clothing, cars and other consumer goods. As a result, retail sales declined by 0.2 percent in April, the first decline in seven months.
The sharp rise in gasoline prices and the corresponding profiteering of the large oil corporations has led again to a series of symbolic measures and proposals from congressional Democrats. Everything from investigations into refinery outages, bans on price gouging, and windfall profit taxes has been suggested. This is largely for show, and the Democrats have no intention of seriously carrying through reforms that would alleviate the burden on working people from the rise in gas prices. Similar measures were proposed a year ago—and in the aftermath of Katrina—but were subsequently dropped.
For its part, the Bush administration has signaled that it will take no action on gas prices. In remarks yesterday at the White House, billed as a statement on oil prices and global warming, Bush made no mention of the rising gasoline prices. He proposed reducing gasoline consumption by 20 percent over the next 10 years through the increased use of biofuels and an increase in fuel efficiency. In other words, nothing will be done to help those hardest hit by rising gas prices.
http://www.wsws.org/articles/2007/may200…With Oil Prices Steady, Why Are Gas Prices Rising?
You are right. It is a big ripoff. The argument that the oil companies are giving is that their costs are high, but the FACT of the matter is that their PROFITS have broken records every year for the past five years. So all the excuses are just that: excuses. Until people stop using gas and oil so much, however, prices will continue to rise. They can get away with it because we are dumb enough to pay $3.00 or more for a gallon of gas.
That said, the proposed gas ';strike'; everyone is talking about today is a waste of time. Even if EVERYONE participated, this has NO impact on the oil companies or gas stations, because it doesn't change how much gas they sell. All that happens is that people buy their gas a day earlier or a day later. If we really want to impact gas prices, we have to STOP USING GAS. Period.
yeah next time you answer some ones question just give the refference dont copy everything out.
None of what you say is true.
Oil is used for many things. There is only a finite amount. When a larger portion of it gets used for transportation people(i.e. gasoline) instead of heating, transporting goods, power plant costs, the cost of gasoline has to rise. This protects the other uses of oil from being overused.
Is there really an increase in oil prices, or is the government just stealing are money.?
Brokers and bankers are manipulating it .jabbawockeez mask
If I called up the oil companies and asked them to lower the price of gas, how would you thank me?
Are you naked under that coat? I mean i am a man now, but I still think we can make it work out between us.
of course it is me, could you not tell by the perfect hair? I have a brand new penis nowIf I called up the oil companies and asked them to lower the price of gas, how would you thank me?
I feel like love is blooming all over my face. Report Abuse
If I called up the oil companies and asked them to lower the price of gas, how would you thank me?
Do they know that you're a big deal? If not...I'll give you a high five. BUT if you call them and they are aware that you are a man not to be messed with and will do whatever you ask of them..I would bake you cookies and let you have a go at my husband..or my sister..whichever is more your style..
I would thank you by dousing your jacket with a full gallon of gasoline and burning it so you could be naked, again. With summer just around the corner, you'll want to take off more than your pants.
Its also the US government printing money, and speculators (hedge fund managers, etc). They are accounting for 45 cents and 80 cents increase respectively! Figure that into your price per gallon!
I would celebrate by purchasing a mint condition WWII Sherman tank. After filling up with 175 gallons of revenginator-discounted gas, we would go around together crushing every hybrid powered car in our path.
I wouldn't thank you unless they actually lowered the prices. But it would be a simple thanks...the government should be the one thanking you!!!!!!!!!!!!!!! (with mula)
Hard to top 1001 up there but if you can come through with some actual results, I promise to stop talking bad about you behind your back! ; )
I would fill your tank up, darling.
meet me at motel 6 and i'll show you!
of course it is me, could you not tell by the perfect hair? I have a brand new penis nowIf I called up the oil companies and asked them to lower the price of gas, how would you thank me?
I feel like love is blooming all over my face. Report Abuse
If I called up the oil companies and asked them to lower the price of gas, how would you thank me?
Do they know that you're a big deal? If not...I'll give you a high five. BUT if you call them and they are aware that you are a man not to be messed with and will do whatever you ask of them..I would bake you cookies and let you have a go at my husband..or my sister..whichever is more your style..
I would thank you by dousing your jacket with a full gallon of gasoline and burning it so you could be naked, again. With summer just around the corner, you'll want to take off more than your pants.
Its also the US government printing money, and speculators (hedge fund managers, etc). They are accounting for 45 cents and 80 cents increase respectively! Figure that into your price per gallon!
I would celebrate by purchasing a mint condition WWII Sherman tank. After filling up with 175 gallons of revenginator-discounted gas, we would go around together crushing every hybrid powered car in our path.
I wouldn't thank you unless they actually lowered the prices. But it would be a simple thanks...the government should be the one thanking you!!!!!!!!!!!!!!! (with mula)
Hard to top 1001 up there but if you can come through with some actual results, I promise to stop talking bad about you behind your back! ; )
I would fill your tank up, darling.
meet me at motel 6 and i'll show you!
Where can i find prices of buying oil in bulk?
Im doing a business proposal and i am trying to find out where i could find out where i can buy motor oil in bulk? please provide a website!!Where can i find prices of buying oil in bulk?
www.google.com and type in what you want...
www.google.com and type in what you want...
We crude oil prices hit $40 per barrel before they hit $60 per barrel?
We crude oil prices hit $40 per barrel before they hit $60 per barrel?
Just curious what people think...We crude oil prices hit $40 per barrel before they hit $60 per barrel?
In my opinion, oil will stabilize around $45 - $55 rangeWe crude oil prices hit $40 per barrel before they hit $60 per barrel?
Oil will NEVER see $40 per barrel again. $60? You've got to be kidding! It'll hit $70 before it ever gets near $40. Why? Because they can.
No.
I don't understand your question or statement.
Just curious what people think...We crude oil prices hit $40 per barrel before they hit $60 per barrel?
In my opinion, oil will stabilize around $45 - $55 rangeWe crude oil prices hit $40 per barrel before they hit $60 per barrel?
Oil will NEVER see $40 per barrel again. $60? You've got to be kidding! It'll hit $70 before it ever gets near $40. Why? Because they can.
No.
I don't understand your question or statement.
Are you watching the oil prices dropping gas prices are going to follow soon. ?
the 3rd or second which worlds are going after high prices soon but they will be stopped in there tracks , the countrys is going to come back stronger then ever. washington has its last chance to straighten out and never let it get this bad again. 3to 6 months and 6 months is pushing it. if they start laxing and not standing up, this country is going to be up for grabs , the best thing to do whould be move out. what do you think about this thoughtAre you watching the oil prices dropping gas prices are going to follow soon. ?
I do not understand your question. Your additional information makes even less sense, as I am not sure what your point is. You think we will let our country go so easily? Bush seems to think so.
Oil and gas prices were being propped up by energy companies. How do you think they were making millions and billions every month? Europe and the US were being held up by the big energy companies. When they need their money , they quit bidding up the gas and oil prices and they fall. It has happened every time the bailout hasn't been voted for. It is market manipulation, but good news for us consumers, as far as I can tell. I am sure you owned some energy stock or something and are just all torn up over it?
Don't worry, it will probably be up again tomorrow. As long as we make the free market system work and try to reign our US government in, make it more responsible for its actions, the better off the world will be.
We need to re-enact all of the regulatory and anti trust regulations that have been removed these past 20 years, because the market does need some rules of business. Just like the dealer should always call, someone should be watching what's going on and moderating.
We may want to start a short term loan program for businesses and banks, but I think giving over $700 billion to the firms that caused the problems and hoping they make it all good again in naive in the extreme.
Isn't it suspicious that whenever our economy tanks the oil and gas prices are at their highest, but when things in the market get better, they stay at a low to moderate level.
What we need to do is quit using so much oil and gas. don't worry, energy entities will adjust. They have more money than most countries. I have not noticed many of them spreading the wealth around either, as most moved their base of operations outside the US 3 years ago. My relatives in Exxon mobile had to move because thier offices in Houston closed then. The rest of the top oil companies and Exxon Mobile only have offices near Washington and the rest are over seas now. I am not believing the publications On their $70 billion dollar impact on our ports at this time. Our ports have been reporting a huge slow down for months.Are you watching the oil prices dropping gas prices are going to follow soon. ?
the stimules package will give us a bandaid for 6 months top. Report Abuse
Thank you. Is English your native language? I think you are saying it no longer matters. You have some type of insight on the matter that I, and the us news media, do not? Everyone has a different perspective on this matter, but there is no place to move, no place to hide. Economies are global. Report Abuse
No, gas prices will not drop. The price will stay up because of green carbon taxes.
gas prices in my area has been dropping on a steady pace for some time now..having faith and hope in God for America
Oil and gas are going to drop like a rock, mark my words.
I do not understand your question. Your additional information makes even less sense, as I am not sure what your point is. You think we will let our country go so easily? Bush seems to think so.
Oil and gas prices were being propped up by energy companies. How do you think they were making millions and billions every month? Europe and the US were being held up by the big energy companies. When they need their money , they quit bidding up the gas and oil prices and they fall. It has happened every time the bailout hasn't been voted for. It is market manipulation, but good news for us consumers, as far as I can tell. I am sure you owned some energy stock or something and are just all torn up over it?
Don't worry, it will probably be up again tomorrow. As long as we make the free market system work and try to reign our US government in, make it more responsible for its actions, the better off the world will be.
We need to re-enact all of the regulatory and anti trust regulations that have been removed these past 20 years, because the market does need some rules of business. Just like the dealer should always call, someone should be watching what's going on and moderating.
We may want to start a short term loan program for businesses and banks, but I think giving over $700 billion to the firms that caused the problems and hoping they make it all good again in naive in the extreme.
Isn't it suspicious that whenever our economy tanks the oil and gas prices are at their highest, but when things in the market get better, they stay at a low to moderate level.
What we need to do is quit using so much oil and gas. don't worry, energy entities will adjust. They have more money than most countries. I have not noticed many of them spreading the wealth around either, as most moved their base of operations outside the US 3 years ago. My relatives in Exxon mobile had to move because thier offices in Houston closed then. The rest of the top oil companies and Exxon Mobile only have offices near Washington and the rest are over seas now. I am not believing the publications On their $70 billion dollar impact on our ports at this time. Our ports have been reporting a huge slow down for months.Are you watching the oil prices dropping gas prices are going to follow soon. ?
the stimules package will give us a bandaid for 6 months top. Report Abuse
Thank you. Is English your native language? I think you are saying it no longer matters. You have some type of insight on the matter that I, and the us news media, do not? Everyone has a different perspective on this matter, but there is no place to move, no place to hide. Economies are global. Report Abuse
No, gas prices will not drop. The price will stay up because of green carbon taxes.
gas prices in my area has been dropping on a steady pace for some time now..having faith and hope in God for America
Oil and gas are going to drop like a rock, mark my words.
When will oil prices go back up?
I really hope oil goes back up like it did last year. I own some oil stocks and they went up a lot when oil was high, but I was dumb and did not sell so now they are back down!!When will oil prices go back up?
When the economy recovers and the enormous supply we have in inventory is reduced.When will oil prices go back up?
Who knows? It appears that oil may reach $60 soon. Here's what you do though. You can make up for some of the loss by investing in DOY and UOY both. One makes money when oil goes up and one makes it when it goes down. I would buy the oil up stock if it drops a little more. If it goes up rapidly, buy the oil down stock. Play the short term ups and downs like that and you can sell those other stocks. Good luck
it actually seems to have stabilized. My question is, will it STAY this way!!
O-Bot has virtually no impact on Oil, but he will take credit anyway.
This is how this goes.
Speculators need to not do that anymore, its so dumb.... ';USE WHAT IS USING NOW NOT 3 MONTHS FROM NOW USE THE RESERVES THERE DAMMIT!*
Well oil is in a short term uptrend. But I just can't see how oil is going to be a good long term investment.
Oil is running out and we are slowly switching from it to better alternatives so in 15 years it may only be that thing that old ';classic cars'; run on.
Go ahead and sell now. I don't think they want to risk a big new spike. Plus, with the new fuel resources being discovered, it might go down!
Sorry man :(
yeah ask yahoo answers this question; because everyone on here is very smart, and every answer is correct and informal.
Well, they're slowing rising the prices.
When the economy recovers and the enormous supply we have in inventory is reduced.When will oil prices go back up?
Who knows? It appears that oil may reach $60 soon. Here's what you do though. You can make up for some of the loss by investing in DOY and UOY both. One makes money when oil goes up and one makes it when it goes down. I would buy the oil up stock if it drops a little more. If it goes up rapidly, buy the oil down stock. Play the short term ups and downs like that and you can sell those other stocks. Good luck
it actually seems to have stabilized. My question is, will it STAY this way!!
O-Bot has virtually no impact on Oil, but he will take credit anyway.
This is how this goes.
Speculators need to not do that anymore, its so dumb.... ';USE WHAT IS USING NOW NOT 3 MONTHS FROM NOW USE THE RESERVES THERE DAMMIT!*
Well oil is in a short term uptrend. But I just can't see how oil is going to be a good long term investment.
Oil is running out and we are slowly switching from it to better alternatives so in 15 years it may only be that thing that old ';classic cars'; run on.
Go ahead and sell now. I don't think they want to risk a big new spike. Plus, with the new fuel resources being discovered, it might go down!
Sorry man :(
yeah ask yahoo answers this question; because everyone on here is very smart, and every answer is correct and informal.
Well, they're slowing rising the prices.
OIL - More need, higher price?
As the consumption and need for oil increases, why does the cost per barrel increase also? Is this just a case of 'you need it, so we charge what we want', or is there another technical reason for higher prices for higher requirement/need?OIL - More need, higher price?
There are technical reasons why some oils cost more to produce and bring to market than others, but for the most part the oil that we're all using today costs less than $50 per barrel to produce....far less than today's market price.
Consider some of the technical issues which drive ';production'; costs:
-- Oil Quality: Is it a light crude or heavy crude? Heavy crude has less of the light ends which make up gasoline, and requires additional refining to make anything of value out of it. Unless, of course, you only want asphalt. Is the oil sweet or sour? Expensive metallurgies are required to safely deal with the highly corrosive poisonous gas, H2S, which is found in sour crude.
-- Depth: From what depth does the oil come, and is it on-shore or offhsore? Shallow wells of 1000' or so in a developed onshore oil province might cost $100,000 to drill. An exploration well in 7000' of water offshore in the Gulf of Mexico, drilled to a total depth of 25,000 feet might cost $50,000,000 to drill.
-- Location: Is the production located conveniently to the refinery and market where it will go? Or does it have to be shipped through a myriad of pipelines, rail cars, and tankers to reach it's final destination? Each link in the transportation process adds time, cost and complexity. Some locations have shipping costs of $10/bbl or more.
-- Production Method: Does the oil flow out of the well naturally, or are mechanical means necessary to pump it out of the ground? Further, does the oil enter the wellbore because of natural reservoir pressure, or does it have to be pushed into the production well using nearby wells which inject water, natural gas, or steam into the ground? All of these man-made production methods add cost and complexity.
-- Reservoir size: If the oil reservoir is large, then the cost of the infrastructure to produce it is generally smaller when calculated on a $ per barrel basis. You wouldn't want to spend a billion dollars on an offshore platform if the recoverable oil was only a million barrels -- the ';break-even'; oil price just to recover the infrastructure cost would be $1000/bbl.
So, as demand (and oil price) increases, so does the incentive to develop the higher cost fields....deeper well depths, deeper water offshore fields, smaller reservoirs, remote locations with no pre-existing supporting infrastructure (roads, utilities, pipelines, available workers, supporting businesses, etc), harsh arctic climates, hostile countries with unstable governments (that at any moment could nationalize the oil industry and ';steal'; your investment) -
But generally it is price stability and conservative predictions of future oil prices (which are high enough to make these projects profitable) which drives the development of higher cost projects. Stated differently, higher demand and higher prices cause higher cost production to occur, and actually precede development of the high cost oil. Thus, the technical reasons behind the higher cost production have little affect on the price of the commodity.OIL - More need, higher price?
because there is a demand if the oil companies are unable to keep up with it the oil price goes up.
So if a oil company only runs at 60% we lose the 40% that they could be producing. which is where the demand comes from.
While they are not suppost to be able to influence the market with there production. they do. APAC is who regulates this and are the ones that tell the companies how much to produce. the companies can have an accident or go down for maintence and not comply. So really who is control APAC or the oil companies.
Oligarchy %26amp; Cartel
Just two words that describe the oil industry.
Price fixing that isn't allowed in any other industry legally but is when it comes to oil.
Basically it's agreed price fixing on a very grand scale.
Makes you wish you were a Saudi Prince doesn't it...
It is also the futures market inflating prices, they are betting on the demand going up so in effect they are inflating the price before it is actually sold.
It's about supply %26amp; demand,plus speculation.That's what Capitalism is all about.You'll just have to grin %26amp; bear it.jabbawockeez mask
There are technical reasons why some oils cost more to produce and bring to market than others, but for the most part the oil that we're all using today costs less than $50 per barrel to produce....far less than today's market price.
Consider some of the technical issues which drive ';production'; costs:
-- Oil Quality: Is it a light crude or heavy crude? Heavy crude has less of the light ends which make up gasoline, and requires additional refining to make anything of value out of it. Unless, of course, you only want asphalt. Is the oil sweet or sour? Expensive metallurgies are required to safely deal with the highly corrosive poisonous gas, H2S, which is found in sour crude.
-- Depth: From what depth does the oil come, and is it on-shore or offhsore? Shallow wells of 1000' or so in a developed onshore oil province might cost $100,000 to drill. An exploration well in 7000' of water offshore in the Gulf of Mexico, drilled to a total depth of 25,000 feet might cost $50,000,000 to drill.
-- Location: Is the production located conveniently to the refinery and market where it will go? Or does it have to be shipped through a myriad of pipelines, rail cars, and tankers to reach it's final destination? Each link in the transportation process adds time, cost and complexity. Some locations have shipping costs of $10/bbl or more.
-- Production Method: Does the oil flow out of the well naturally, or are mechanical means necessary to pump it out of the ground? Further, does the oil enter the wellbore because of natural reservoir pressure, or does it have to be pushed into the production well using nearby wells which inject water, natural gas, or steam into the ground? All of these man-made production methods add cost and complexity.
-- Reservoir size: If the oil reservoir is large, then the cost of the infrastructure to produce it is generally smaller when calculated on a $ per barrel basis. You wouldn't want to spend a billion dollars on an offshore platform if the recoverable oil was only a million barrels -- the ';break-even'; oil price just to recover the infrastructure cost would be $1000/bbl.
So, as demand (and oil price) increases, so does the incentive to develop the higher cost fields....deeper well depths, deeper water offshore fields, smaller reservoirs, remote locations with no pre-existing supporting infrastructure (roads, utilities, pipelines, available workers, supporting businesses, etc), harsh arctic climates, hostile countries with unstable governments (that at any moment could nationalize the oil industry and ';steal'; your investment) -
But generally it is price stability and conservative predictions of future oil prices (which are high enough to make these projects profitable) which drives the development of higher cost projects. Stated differently, higher demand and higher prices cause higher cost production to occur, and actually precede development of the high cost oil. Thus, the technical reasons behind the higher cost production have little affect on the price of the commodity.OIL - More need, higher price?
because there is a demand if the oil companies are unable to keep up with it the oil price goes up.
So if a oil company only runs at 60% we lose the 40% that they could be producing. which is where the demand comes from.
While they are not suppost to be able to influence the market with there production. they do. APAC is who regulates this and are the ones that tell the companies how much to produce. the companies can have an accident or go down for maintence and not comply. So really who is control APAC or the oil companies.
Oligarchy %26amp; Cartel
Just two words that describe the oil industry.
Price fixing that isn't allowed in any other industry legally but is when it comes to oil.
Basically it's agreed price fixing on a very grand scale.
Makes you wish you were a Saudi Prince doesn't it...
It is also the futures market inflating prices, they are betting on the demand going up so in effect they are inflating the price before it is actually sold.
It's about supply %26amp; demand,plus speculation.That's what Capitalism is all about.You'll just have to grin %26amp; bear it.
Help me find a cheap priced person to fix my oil furnace in klamath falls or.?
i put some heating oil in my rental prop oil furnace and can't get it to light. i have bled the line to the tune of 1 gallon oil removed and pushed the start button many times. i even let it sit for a day and tried again. no luck. i am now looking for someone to teach me to light it without these problems, but i don't have the money for an experienced professional. does anyone know of anyone in kf who is retired or just handy?Help me find a cheap priced person to fix my oil furnace in klamath falls or.?
Just remember you usually get what you pay for so cheap often equals poorly done. Your best bet would be to find a tech who works for a larger company who does side work. I am in California so I could not recomend anyone in your area.Help me find a cheap priced person to fix my oil furnace in klamath falls or.?
Look in the yellow pages under cheap people, im sure you could get a quality repairman there.
Just remember you usually get what you pay for so cheap often equals poorly done. Your best bet would be to find a tech who works for a larger company who does side work. I am in California so I could not recomend anyone in your area.Help me find a cheap priced person to fix my oil furnace in klamath falls or.?
Look in the yellow pages under cheap people, im sure you could get a quality repairman there.
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