What are the true reasons that oil prices are rising so high?

The reason the prices are so high is because many oil suppliers have colluded forming cartels. These cartels have restricted supply of oil to consumer markets which has raised prices for consumers. They have done this to raise profits for themselves.What are the true reasons that oil prices are rising so high?
Fear and ignorance primarily. Because of the fear and ignorance of the environmentalists, we in the US failed to build enough oil refineries to cope with the demand. So, less gasoline for our cars and a high demand. Cars don't run on crude oil.


The same can be said of the nuclear energy industry, because of one Jane Fonda movie, ';The China Syndrome'; and an accident at three mile island when nuclear energy was just beginning, we stopped building nuclear energy facilities. So, we use lots of coal emitting lots of pollution into the atmosphere and now Al Gore is crabbing bout that.


Another show of fear and ignorance is the ANWAR debacle in Congress. The Democrats are blocking legislation to allow drilling of oil in Alaska and so, we have to rely on other sources when we have plenty. The Canadians are drilling on their side of the border and since oil doesn't recognize political boundaries, get some that is on our side of the border. As a matter of fact, about the same amount as a third of all the oil in Saudi Arabia, but we can't use. The Democrats in Congress say so.


Government; state, local and federal also add a huge chunk of change to the price of a gallon of gas. A little more than half the amount we pay at the pump is tax.





That's why oil is so high and it is so high at the pump. Then again, if you really stop to think about it, for all that has to happen for the crude oil to get to your car as gasoline, it's surprisingly cheap, even now.What are the true reasons that oil prices are rising so high?
Nothing more than greed.


The sooner more renewable fuels are available the sooner we stick it to the oil barrons
Arabs are greedy.
is getting less and less so the price goes up and up, in 20 yeas from today no more oil for human kind but solar nrg
For every nine barels of oil we use, we are finding just one to replace it.


Third world countries are coming on line using more and more of the remaining oil.


At the moment we are consuming 50,000 gallons per second and rising.


Opec have been fudging the oil reserve totals for years, saying they have much more than we suspect they have in the ground.


Now they have started re-opening post production wells again, wells that were closed ten years ago because they were running dry....oops.


Peak production is not far away, and when we hit that marker, when world oil production peaks, then commences its unstoppable downward spiral, and when world govts realize this, fuel prices will leap overnight as richer countries scramble to buy up the remaining future stocks, and thats it. Your car is a chook house.


No slowly dwindling fuel supply, no gradual increase in prices, no period of grace....thats it....at the stroke of a pen.





cheers.





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Oil is not from bacteria, it is from the earth. It comes from the mantle of the earth. We don't now why, but it does. It comes up into cracks and fills the volds. Yes older wells do fill back up just like a old and out dated water well fills back up.





Check the Gov. listing for Oil res. and your find we have more oil still off shore in the US and Alaska then the top three country's put together.





Cost: it's simple the market will bear it! People with out any concept or knowledge just keep pulling up and pumping it out of the tanks, so their is no shortage, has been in my life time. We haven't built a new Refinery in over 31 years in this country and we still have no stations in the US closed for lack of product to sale.





The Future; Well the war in Afganistain with Russia was for control of the land. The Russian have a vast res. of oil to get to market, but needed to run a pipe line from the S.W. of Russia to the Gulf. Three lines were in route to be built, then got stopped by a war they didn't win. Russia, now exports 9 out of 10 ships to Japan and China.





The Alaska Pipe line; The deal was with Japan at the time to export it to them for 20 years for a cost of 14 dollars a barrel. Very little of the gas and oil from Alaska reach the U.S. today, why, money! Why was the pipe line built for three pipes and one one put in and then a second one added over 5 years and the third one never added? money! It is not needed yet.





The high cost of doing business sets the cost. If as a investor I want a return on my dollar or I move it. To give it to me and others they have to charge you more, pay me more and make more for the owners of the Oil Company's. Well their is not a large single Oil Company that is not traded publicly. The Owners are the stock holders and they all want more and more, so the cost goes up, and the people that manage this balance, well they are getting a very small part of the money, but they are getting rich!





One gallon of oil produces over 500 gallons of product when it is broken down it to everthing from fuel to tums. Their is no shortage and their never will be with trillions in the ground and more on ever chart for the past 50 years.
China, Russia, India all have growing economies. We are just competing for scarce resources. Oil is just another commodity.
question and offer that is the cause that the oilprice is so high
its getting scarce, lesser and lesser. who would have the heart to spill a cup of oil? plus the taxes.