This article is saying that july they plan to make more into production however they doubt prices change how is that so when they are almost doubling the outputIf oil production goes up 200(cant remember if thousand or million) how is it the price of gas remains?
If they can keep the price from increasing that would be great. The way it is working now we will be paying 8 bucks a gallon within ten years. I'll take 4 dollars/gal over 8 any day.
Also anyone who says drilling for more won't reduce the price, their right. but what it will do is keep the price from going up at the rate it has been.If oil production goes up 200(cant remember if thousand or million) how is it the price of gas remains?
The pricing has almost nothing to do with supply.
At this moment there are oil tankers sitting off the coasts of Kuwait, Saudi, Iran, etc full of oil and without any place to deliver it to.
You do not use tankers for storing oil, you use them for moving it to where the demand is.
It is also a serious question about how much the Saudis actually can increase production. Consider that Kuwait recently dropped their estimate of recoverable reserves by 25% and a few other facts about the geology of the region and they might not have extra oil to pump.
Now consider the effect of American threats to blockade and then invade Iran, one of the worlds major oil producers.
Sure lets threaten to destroy 30% of the world's oil supply and then blame the economic shocks on Saudi Arabia simply not pumping enough oil.
Please think for yourselves. I should not need to show you that 1 and 1 do not add up to 3.
I just watched CNN’s international Channel(3pm EST), breaking the news that oil price spikes again. But the anchor and the reporter assert it is China’s diesel demand contributed to the hike.
Waited a sec ! It is already THIRD time I am hearing CNN’s assertion of China’s diesel demand. The first time was about two weeks ago. What’s going on?
Then, Israel’s-Iran-attack-drill news flashing back-------Which Was Just Happened This Morning ! That “unmistakable signal” is surely an act to have a consequence of oil supply disruption ! Why is it not reported as a oil spiking cause ? !
Time to scapegoat China again before a major offensive ? To verify, I went to CNN web site , there it is :
China hikes fuel prices http://money.cnn.com/2008/06/20/news/int…
China to raise energy prices
http://money.cnn.com/2008/06/19/news/int…
But nowhere saying that Israel’s-Iran-attack-drill will unstablize the oil supply region, causing the oil price up.
For Israelis Iran Strike Drill see
http://www.jpost.com/servlet/Satellite?c…
Ok, at 11:00 Pm eastern standerd time on CNN there is a special investigation on this, they say that by 2009 the world will come to a hault, but you know how CNN loves to scare the public but still it could be true. A large meeting was held in Saudi Arabia over this matter, and the Saudis have way overshot their current production in the graphs they were giving us 5 years ago, what a suprise, the graph has stayed the same since 1990, so only a dum@$$ wouldn't have guessed they were hiding the real facts...watch it and then you'll know what is most likely happening now in the world...how about $8 a gallon gas, how about no gas at all!!! 0_o
Even if production goes up by two, demand will be growing faster (in emerging markets like Asia). Also only Saudi Arabia is doing this.
OPEC
Monday, August 23, 2010
Bush and oil prices why is he worried?
bush is said to be concerned that oil prices may go below 60 dollars a barrell,why ? when not that long ago it was around 30 and everyone was concerned that it might hit 40.Bush and oil prices why is he worried?
because between him, his dad and his circle of Friends he owns most of the oil Fields in America.Bush and oil prices why is he worried?
because its makes him difference from the other.
They are maybe holding huge investments in oil, and if they sold now would lose.
He is not worried, u might be miss understanding him, that is a plus, with cold weather around the corner, it will help to ahve cheaper prices, so people won't have to scrimp to keep warm this winter
because between him, his dad and his circle of Friends he owns most of the oil Fields in America.Bush and oil prices why is he worried?
because its makes him difference from the other.
They are maybe holding huge investments in oil, and if they sold now would lose.
He is not worried, u might be miss understanding him, that is a plus, with cold weather around the corner, it will help to ahve cheaper prices, so people won't have to scrimp to keep warm this winter
Where are oil prices headed?
Where are oil prices headed? $150, $200, $500 per barrel?Where are oil prices headed?
I am thinking that it is going to peak out at an upwards of $200-225 bucks... then fall dramatically
Sadly in the 1990's there was very little exploration for new oil reserves. This occurred because the price per barrel revenue was so much lower than the potential revenue that could be gained by finding new oil reserves. Because the price per barrel has been rising so quickly, people and businesses are more likely to explore for new reserves... as soon as that happens, they will flood the market with oil causing the oil bubble to bust and prices to fall dramatically...
my prediction... end of August... you'll see price per gallon at $2.50Where are oil prices headed?
Into the sky.
Unless sources like solar or wind power which have always been there around are harnessed. Then oil is to be used for partially powering means of transport. Commuting for work that entails two dwelling units, one for work and another for sleep, needs to be curtailed.
oil prices will go up to the extent that the dollar goes down.
who can put a number on that, and why bother?
Rising very high!
Up, that's for sure.
up
up
no question needed
I am thinking that it is going to peak out at an upwards of $200-225 bucks... then fall dramatically
Sadly in the 1990's there was very little exploration for new oil reserves. This occurred because the price per barrel revenue was so much lower than the potential revenue that could be gained by finding new oil reserves. Because the price per barrel has been rising so quickly, people and businesses are more likely to explore for new reserves... as soon as that happens, they will flood the market with oil causing the oil bubble to bust and prices to fall dramatically...
my prediction... end of August... you'll see price per gallon at $2.50Where are oil prices headed?
Into the sky.
Unless sources like solar or wind power which have always been there around are harnessed. Then oil is to be used for partially powering means of transport. Commuting for work that entails two dwelling units, one for work and another for sleep, needs to be curtailed.
oil prices will go up to the extent that the dollar goes down.
who can put a number on that, and why bother?
Rising very high!
Up, that's for sure.
up
up
no question needed
Why are gas prices now not going up in proportion to oil barrel prices?What kind of game is being played?
and who is manipulating the field?? oil 86.00 barrel,or so...Why are gas prices now not going up in proportion to oil barrel prices?What kind of game is being played?
Gas prices aren't determined by the price of oil, but by the supply and demand for gasoline. In the summer during peak driving season, gas prices go up. And if refineries can't run at full capacity, gas prices go up.
You have to ask yourself when the price of a gallon of gas will make a person get a smaller vehicle and/or drive less. Gas stations will charge as much as they can get away with. If they thought people would pay $4 a gallon as readily as they'd pay $2.50 a gallon, you'd see the price of gas go up.Why are gas prices now not going up in proportion to oil barrel prices?What kind of game is being played?
This is all crap. We should be drilling in this country to get more oil. But God forbid we injure and ant or beetle. They think more of these things then people.soft lips
Gas prices aren't determined by the price of oil, but by the supply and demand for gasoline. In the summer during peak driving season, gas prices go up. And if refineries can't run at full capacity, gas prices go up.
You have to ask yourself when the price of a gallon of gas will make a person get a smaller vehicle and/or drive less. Gas stations will charge as much as they can get away with. If they thought people would pay $4 a gallon as readily as they'd pay $2.50 a gallon, you'd see the price of gas go up.Why are gas prices now not going up in proportion to oil barrel prices?What kind of game is being played?
This is all crap. We should be drilling in this country to get more oil. But God forbid we injure and ant or beetle. They think more of these things then people.
Why crude oil prices are going high day to day?
There are a bunch of factors. Disruptions of oil in Nigeria, The iraq war, the Iran stand off with the world (In particular the US), increasing demand of oil in the world ( in particular China and India), and other minor factors.
Its a simple economic thing, the more people demand, prices go up. As China and India start developing, they need more and more fuel to function, they demand more, in fact look at their population, china and india make 1/3 of the worlds population. This demand drives the price up. Iraq war, is anothe rmajor factor. Everytime, US and Iran have a heated battle of words, prices will go up, speculations make prices go up. Analysts predict prices will go up, hope this helplsWhy crude oil prices are going high day to day?
because the government is loosing money because of what happend in mississippiWhy crude oil prices are going high day to day?
Greed.
because, availability of crude oil is less.
Its a simple economic thing, the more people demand, prices go up. As China and India start developing, they need more and more fuel to function, they demand more, in fact look at their population, china and india make 1/3 of the worlds population. This demand drives the price up. Iraq war, is anothe rmajor factor. Everytime, US and Iran have a heated battle of words, prices will go up, speculations make prices go up. Analysts predict prices will go up, hope this helplsWhy crude oil prices are going high day to day?
because the government is loosing money because of what happend in mississippiWhy crude oil prices are going high day to day?
Greed.
because, availability of crude oil is less.
Is there a oil shortage that is causing the abrupt rise in oil prices or just a dropping U.S dollar?
who should we put under the ';tracks'; for this ?Is there a oil shortage that is causing the abrupt rise in oil prices or just a dropping U.S dollar?
There isnt' an oil shortage at all.
It's the worthless $$ that's killing us at the pumps.
Throw that idiot in the White House under the tracks!!!
That's ok.......I'll keep the fried chicken on ice ;-)Is there a oil shortage that is causing the abrupt rise in oil prices or just a dropping U.S dollar?
There is increasing demand, not a shortage, driving the price of oil higher. The reserves and production capacity of oil exporting countries are substantial, but some wells can only be run proffitably when the price is high. So, as demand increases, the price rises, and greater quantities can be supplied. No shortage, but higher prices.
Oil is traded in dollars, so it's not a simple case of the dollar weakening against another currency. Though that, too, is part of the reason the price is rising, here. When the EU or some country that has enjoyed currency apreciation vs the dollar bids for oil traded in dollars, they effectively bid more dollars when paying the same price in thier currency.
Plans. Everything from the falling dollar to the food shortage in poor countries is carefully planned. Oil is running out and that is the reason for everything that is happening today. The world is bang in the middle of world peak production. Anyone that doesn't understand this really needs to become informed if they don't want to perish when the worst of it comes. I suggest anyone that doesn't want to starve go out and learn how to grow vegetables in your garden and become self sufficient. The good times are about to come to a fairly abrupt end.
lol it amazes me when peasants truly believe that the people that run the show do things on a whim, that they never plan things, that they are fully incompetent, that they couldn't contrive to do anything but wake up in the morning and make their way home without killing themselves on the roads at night. lol people actually believe Dubbyah's joker persona is one that he is rather than one that he has contrived to make you fools believe that he couldn't organise a piss up in a brewery. Everything is planned. Not everything will go according to plan but EVERYTHING is planned in advance.
Know a little about economics, but I'm certainly no expert. I suspect it's some of each. If it were all the falling dollar, wouldn't the prices of electronics, which almost all come from Asian countries with their own currencies, be going up faster than the price of oil, a good deal of which we produce in this country? Certainly the idea that a lot of poorly managed oil producing countries (Venezuela, Russia, etc.) are driving their ability to produce into the ground just as China, India, and others are boosting demand, isn't a myth.
The economies of China and India have increased the worldwide demand. In the USA we haven't built any refineries since Jimmy Carter was in office because of the wacko conservationists. Demand in the US has gone down by 1% but without the refining capability here, there is a bottleneck at the refining level. The other factor is the speculators who are involved with the oil futures.
People will often cite the sinking dollar and increasing demand for high gas prices, but if those were the crucial factors one would expect the oil companies to be hurting as much as the consumers. They're not. No, with record high gas prices, $5,000 in untraceable U.S. taxes per second going into Iraq and record high oil company profits, I'm thinking it's mostly greedy oil execs who are not only free, but encouraged by stock holding politicians to set oil and gas prices as high as they like. They like 'em high. Surprise.
What shortage? You can't buy oil or refined products? Is it being rationed? Remember when Katrina hit those refineries and part of the South lost access to refined products for about a week? That was a (temporary) shortage.
What shortage are you alluding to?
I saw that gas is 17 cent a gallon in Venezuela
Even I could afford to fill the tank in my B52 at Hugo's gas station.
Chow me amigo
BTW nice ';new'; avatar. You have a New Avatar I have a new Name.
No but Howard Dean is sure making a lot of money lately. DEAN WHITTIER Stock Brokers.
There isnt' an oil shortage at all.
It's the worthless $$ that's killing us at the pumps.
Throw that idiot in the White House under the tracks!!!
That's ok.......I'll keep the fried chicken on ice ;-)Is there a oil shortage that is causing the abrupt rise in oil prices or just a dropping U.S dollar?
There is increasing demand, not a shortage, driving the price of oil higher. The reserves and production capacity of oil exporting countries are substantial, but some wells can only be run proffitably when the price is high. So, as demand increases, the price rises, and greater quantities can be supplied. No shortage, but higher prices.
Oil is traded in dollars, so it's not a simple case of the dollar weakening against another currency. Though that, too, is part of the reason the price is rising, here. When the EU or some country that has enjoyed currency apreciation vs the dollar bids for oil traded in dollars, they effectively bid more dollars when paying the same price in thier currency.
Plans. Everything from the falling dollar to the food shortage in poor countries is carefully planned. Oil is running out and that is the reason for everything that is happening today. The world is bang in the middle of world peak production. Anyone that doesn't understand this really needs to become informed if they don't want to perish when the worst of it comes. I suggest anyone that doesn't want to starve go out and learn how to grow vegetables in your garden and become self sufficient. The good times are about to come to a fairly abrupt end.
lol it amazes me when peasants truly believe that the people that run the show do things on a whim, that they never plan things, that they are fully incompetent, that they couldn't contrive to do anything but wake up in the morning and make their way home without killing themselves on the roads at night. lol people actually believe Dubbyah's joker persona is one that he is rather than one that he has contrived to make you fools believe that he couldn't organise a piss up in a brewery. Everything is planned. Not everything will go according to plan but EVERYTHING is planned in advance.
Know a little about economics, but I'm certainly no expert. I suspect it's some of each. If it were all the falling dollar, wouldn't the prices of electronics, which almost all come from Asian countries with their own currencies, be going up faster than the price of oil, a good deal of which we produce in this country? Certainly the idea that a lot of poorly managed oil producing countries (Venezuela, Russia, etc.) are driving their ability to produce into the ground just as China, India, and others are boosting demand, isn't a myth.
The economies of China and India have increased the worldwide demand. In the USA we haven't built any refineries since Jimmy Carter was in office because of the wacko conservationists. Demand in the US has gone down by 1% but without the refining capability here, there is a bottleneck at the refining level. The other factor is the speculators who are involved with the oil futures.
People will often cite the sinking dollar and increasing demand for high gas prices, but if those were the crucial factors one would expect the oil companies to be hurting as much as the consumers. They're not. No, with record high gas prices, $5,000 in untraceable U.S. taxes per second going into Iraq and record high oil company profits, I'm thinking it's mostly greedy oil execs who are not only free, but encouraged by stock holding politicians to set oil and gas prices as high as they like. They like 'em high. Surprise.
What shortage? You can't buy oil or refined products? Is it being rationed? Remember when Katrina hit those refineries and part of the South lost access to refined products for about a week? That was a (temporary) shortage.
What shortage are you alluding to?
I saw that gas is 17 cent a gallon in Venezuela
Even I could afford to fill the tank in my B52 at Hugo's gas station.
Chow me amigo
BTW nice ';new'; avatar. You have a New Avatar I have a new Name.
No but Howard Dean is sure making a lot of money lately. DEAN WHITTIER Stock Brokers.
Is there any way to profit off of the oil prices going up, like buying stock?
Lots of ways.
Depends on what you like.
ETFs/holders are probably the best way. You can invest in:
USO = is pegged close to the price of crude oil
OIH = is oil holder
OIS = oil svcs holder
You can also buy individual stocks like FTO (FRontier oil) or HAL (Halliburton)
You can also buy other energy stocks if you think there'll be a halo effect.
Be sure you know what you're doing first and are comfortable with you decisions about following energy and alway practice safe money management!
Hope that helps!Is there any way to profit off of the oil prices going up, like buying stock?
You can buy individual oil stocks or USO (oil ETF ). You may also buy
XLE ( Oil stock ETF). Look them up in Yahoo finance or Google.Is there any way to profit off of the oil prices going up, like buying stock?
Of course. Oil stocks.
http://www.nabloid.com
Buying oil company stocks is a great way to profit. Pick one or two different ones, maybe a driller and a distributor.
Or you can by an ETF which is linked directly to the price of oil.
better than that.... sell dipetane
You could try trading oil futures. Start here: http://www.integrityenergy.com
Depends on what you like.
ETFs/holders are probably the best way. You can invest in:
USO = is pegged close to the price of crude oil
OIH = is oil holder
OIS = oil svcs holder
You can also buy individual stocks like FTO (FRontier oil) or HAL (Halliburton)
You can also buy other energy stocks if you think there'll be a halo effect.
Be sure you know what you're doing first and are comfortable with you decisions about following energy and alway practice safe money management!
Hope that helps!Is there any way to profit off of the oil prices going up, like buying stock?
You can buy individual oil stocks or USO (oil ETF ). You may also buy
XLE ( Oil stock ETF). Look them up in Yahoo finance or Google.Is there any way to profit off of the oil prices going up, like buying stock?
Of course. Oil stocks.
http://www.nabloid.com
Buying oil company stocks is a great way to profit. Pick one or two different ones, maybe a driller and a distributor.
Or you can by an ETF which is linked directly to the price of oil.
better than that.... sell dipetane
You could try trading oil futures. Start here: http://www.integrityenergy.com
Why in the face of rising gas prices is the US shipping some oil overseas?
I heard a long time ago we were shipping oil from Prudhoe bay to Japan. Is this still true?Why in the face of rising gas prices is the US shipping some oil overseas?
The U.S. does not ship oil, it is done by the companies who drill for, and extract crude from the ground.
If a company has a contract with a country, they must fulfill the terms of the contract or face massive lawsuitsWhy in the face of rising gas prices is the US shipping some oil overseas?
They're not shipping oil.
no
The U.S. does not ship oil, it is done by the companies who drill for, and extract crude from the ground.
If a company has a contract with a country, they must fulfill the terms of the contract or face massive lawsuitsWhy in the face of rising gas prices is the US shipping some oil overseas?
They're not shipping oil.
no
With the rising prices on everything from gas to cooking oil, what are some ways to save money?
everything is going up in price...i noticed at the store today that cooking oil went from $1.88 and is now $3.28.....with the growing price on everything, what are some ways that my family can save money?With the rising prices on everything from gas to cooking oil, what are some ways to save money?
You have to start thinking S-M-A-R-T. What kind of cutbacks can you make? For example: I drink bottled water. Now at $1 a bottle on something that covers over 65% of our planet is not smart. So I bought one of those water filters that screw into your faucet. I have bottles that I refil over and over again. I take them to work. Do you have a lot of small appliances around that house that are always on? I cut my electronic bill almost in half by unplugging all the clock radios and night lights. I also bought some of those florescent bulbs that look a lot like a regular bulb. These things use 80% less electricity than regular bulbs. You would be surprised, but these small things add up. I know I was spending money on the water filter and energy efficient bulbs but these things will pay for themselves in a month providing they pertain to you. If you really need the money right away start cutting back on your food costs. Romain noodles cost a dime and they taste just as good as campbells chicken noodle that costs $130 a can. Ok no chicken in romain noodles, but you are probably just missing about 4 tiny pieces of chicken. Put a brick inside your toilet 'chamber'. You will use a little lesser water each time you flush..Before you know it you will be ahead. Wanna be creative? Find yourself leaving lights on? Buy a motion sensor switch, the lights will turn on when you enter the room and will turn off (by a set amount of time) when you leave the room. I have one, they cost $15 at HomeDepot. Need new windshield wipers for your car? Who says you have to buy 2? You only need the new one on the drivers side, leave the old wiper on the passenger side. So remember you have to start thinking S-M-A-R-T! Yours truly seahorsehawrey.With the rising prices on everything from gas to cooking oil, what are some ways to save money?
One way I know about to save electricity is to actually unplug your appliances (not your fridge of course though!). Even when they're turned off, they will continue to use electricity as long as they are plugged in to the wall.
The rising costs of prices...or a side effect of inflation, is something you can also protect yourself against if your family has any type of stock portfolio by investing in gold, commodities, or TIPS (treasury inflation protected securities). The article linked in my sources does a good job of talking about ways you can protect your investing portfolio and savings from inflation.
Ya, tell me about it! Well, Google search 'money saving tips' and you will get lists of websites that give you more lists of how to save some money. A good one that I remembered is not to go shopping when you're hungry, since you're less likely to impulse buy. Also, try buying generic brands on some items, it's a lot cheaper. I could tell you a little more, but you should really research it and read it! There's some good stuff out there!
Well, good luck!
COUPONS! cut coupons, buy coupons on ebay, don't throw out coupons! Pack a lunch! Prepare it the night before and put a sticky note on the door that says ';don't forget lunch';.
Fill up your gas tank at night or early morning. When its HOTTER, believe it or not you get robbed because the gas is bubbling from hot air and you get less! TRUE I researched it.
Plan fun activities that DON'T involve driving like FAMILY BOARD GAME night and HOMEMADE PIZZA night.
Start to think before you drive, what else do I need when I'm out and know that it costs you (depending on car) about $1 every 5 miles you drive! (give or take a mile).
Good luck, my wife and I are expecting our third any week now (a girl finally) and I can't stop worrying about the $$$$
In this modernized world, the prices of everything may rise... It's very natural!... But atleast we should try our best to save %26amp; conserve our energy %26amp; natural resources.... Like saving our electricity bills, cooking less food e.t.c...And then we can save our money %26amp; expenses... If you want to get more advice from me then you can mail to my E-Mail address: chowdhuryi92@yahoo.com My name is Imran Ahmed Chowdhury...
From what I hear all my co-workers are talking about this new technology that will make our cars run on water?? I haven't bought it yet but I'm going to check it out first since that would save a GRIP...I will list the website below.
Improve your financial skills so you could make more money. That solution is working for me.
You have to start thinking S-M-A-R-T. What kind of cutbacks can you make? For example: I drink bottled water. Now at $1 a bottle on something that covers over 65% of our planet is not smart. So I bought one of those water filters that screw into your faucet. I have bottles that I refil over and over again. I take them to work. Do you have a lot of small appliances around that house that are always on? I cut my electronic bill almost in half by unplugging all the clock radios and night lights. I also bought some of those florescent bulbs that look a lot like a regular bulb. These things use 80% less electricity than regular bulbs. You would be surprised, but these small things add up. I know I was spending money on the water filter and energy efficient bulbs but these things will pay for themselves in a month providing they pertain to you. If you really need the money right away start cutting back on your food costs. Romain noodles cost a dime and they taste just as good as campbells chicken noodle that costs $130 a can. Ok no chicken in romain noodles, but you are probably just missing about 4 tiny pieces of chicken. Put a brick inside your toilet 'chamber'. You will use a little lesser water each time you flush..Before you know it you will be ahead. Wanna be creative? Find yourself leaving lights on? Buy a motion sensor switch, the lights will turn on when you enter the room and will turn off (by a set amount of time) when you leave the room. I have one, they cost $15 at HomeDepot. Need new windshield wipers for your car? Who says you have to buy 2? You only need the new one on the drivers side, leave the old wiper on the passenger side. So remember you have to start thinking S-M-A-R-T! Yours truly seahorsehawrey.With the rising prices on everything from gas to cooking oil, what are some ways to save money?
One way I know about to save electricity is to actually unplug your appliances (not your fridge of course though!). Even when they're turned off, they will continue to use electricity as long as they are plugged in to the wall.
The rising costs of prices...or a side effect of inflation, is something you can also protect yourself against if your family has any type of stock portfolio by investing in gold, commodities, or TIPS (treasury inflation protected securities). The article linked in my sources does a good job of talking about ways you can protect your investing portfolio and savings from inflation.
Ya, tell me about it! Well, Google search 'money saving tips' and you will get lists of websites that give you more lists of how to save some money. A good one that I remembered is not to go shopping when you're hungry, since you're less likely to impulse buy. Also, try buying generic brands on some items, it's a lot cheaper. I could tell you a little more, but you should really research it and read it! There's some good stuff out there!
Well, good luck!
COUPONS! cut coupons, buy coupons on ebay, don't throw out coupons! Pack a lunch! Prepare it the night before and put a sticky note on the door that says ';don't forget lunch';.
Fill up your gas tank at night or early morning. When its HOTTER, believe it or not you get robbed because the gas is bubbling from hot air and you get less! TRUE I researched it.
Plan fun activities that DON'T involve driving like FAMILY BOARD GAME night and HOMEMADE PIZZA night.
Start to think before you drive, what else do I need when I'm out and know that it costs you (depending on car) about $1 every 5 miles you drive! (give or take a mile).
Good luck, my wife and I are expecting our third any week now (a girl finally) and I can't stop worrying about the $$$$
In this modernized world, the prices of everything may rise... It's very natural!... But atleast we should try our best to save %26amp; conserve our energy %26amp; natural resources.... Like saving our electricity bills, cooking less food e.t.c...And then we can save our money %26amp; expenses... If you want to get more advice from me then you can mail to my E-Mail address: chowdhuryi92@yahoo.com My name is Imran Ahmed Chowdhury...
From what I hear all my co-workers are talking about this new technology that will make our cars run on water?? I haven't bought it yet but I'm going to check it out first since that would save a GRIP...I will list the website below.
Improve your financial skills so you could make more money. That solution is working for me.
If the USA attacks Iran and there is war with Iran, will oil prices go higher?
and gas prices too?If the USA attacks Iran and there is war with Iran, will oil prices go higher?
Absolutely!If the USA attacks Iran and there is war with Iran, will oil prices go higher?
Probably in the short term - but lower long term
Probably not since we would remove a large chunk of demand.
The oil is under ground so if we nuke Iran it probably would not get irradiated, but, how would anyone get it out? The supply would go down, but, most of Opec would increase their output to make up for that.
I believe it would result in a net no-change.
Been indirectly following oil price since 68, and almost anytime there is any instability in world affairs oil prices have gone up, so think it safe to assume WW3 will cause them to rise, but how much is the question. Can remember when most said gas would never be more than dollar. At some point it will stop, but if Hillary ADM and Iowa corn grower have there way not anytime soon.
I'm from Iran and i ensure you it will go higher.because the region will become unstable and it will makes it harder to transport oil from it. so it will definitely increase the cost my friend
Yes my friend it will surely go higher, it aint no prpaganda or lie.
I assume you're talking about Chavez' prediction. he may be a dictator and a sorry excuse for a human being--but in this case he is correct. An attack on Iran would undoubtedly drive oil prices higher--much higher. And of coure, as oil prices rise, so do gas prices.
You can bet your sweet bippy they will. Why would you expect anything else? Oil is pushing $100 per barrel and could easily reach $200. per. Buy an electric scooter you will need it.soft lips
Absolutely!If the USA attacks Iran and there is war with Iran, will oil prices go higher?
Probably in the short term - but lower long term
Probably not since we would remove a large chunk of demand.
The oil is under ground so if we nuke Iran it probably would not get irradiated, but, how would anyone get it out? The supply would go down, but, most of Opec would increase their output to make up for that.
I believe it would result in a net no-change.
Been indirectly following oil price since 68, and almost anytime there is any instability in world affairs oil prices have gone up, so think it safe to assume WW3 will cause them to rise, but how much is the question. Can remember when most said gas would never be more than dollar. At some point it will stop, but if Hillary ADM and Iowa corn grower have there way not anytime soon.
I'm from Iran and i ensure you it will go higher.because the region will become unstable and it will makes it harder to transport oil from it. so it will definitely increase the cost my friend
Yes my friend it will surely go higher, it aint no prpaganda or lie.
I assume you're talking about Chavez' prediction. he may be a dictator and a sorry excuse for a human being--but in this case he is correct. An attack on Iran would undoubtedly drive oil prices higher--much higher. And of coure, as oil prices rise, so do gas prices.
You can bet your sweet bippy they will. Why would you expect anything else? Oil is pushing $100 per barrel and could easily reach $200. per. Buy an electric scooter you will need it.
What was the price of gasoline when oil cost per barrel was 64.00 years ago?
gasoline pricesWhat was the price of gasoline when oil cost per barrel was 64.00 years ago?
go here
http://www.gasbuddy.com/gb_retail_price_鈥?/a>
it will graph gas versus oil price over last 6 years if you click show crude oil price below graph
answer 2-2.80 per gallonWhat was the price of gasoline when oil cost per barrel was 64.00 years ago?
i dont know. but i live south of houston,texas and we can get gas for $1.89 right NOW!!!!!!!!!!!!!!!!!!!!!! its SWEEET.
about 2.50 a gallon
It averaged about $2.00.
99.9 gal
go here
http://www.gasbuddy.com/gb_retail_price_鈥?/a>
it will graph gas versus oil price over last 6 years if you click show crude oil price below graph
answer 2-2.80 per gallonWhat was the price of gasoline when oil cost per barrel was 64.00 years ago?
i dont know. but i live south of houston,texas and we can get gas for $1.89 right NOW!!!!!!!!!!!!!!!!!!!!!! its SWEEET.
about 2.50 a gallon
It averaged about $2.00.
99.9 gal
Average price to heat a house with oil? per month ?
Here on Long Island...an average sized home would run between 2000 -2500 for the season...October - MarchAverage price to heat a house with oil? per month ?
No average would be meaningful. The old Victorian I grew up in in Boston probably costs over $1,000 per month these days. Your location, the size of the house, how well it's insulated, your usage patterns, etc. will all have a significant impact on your costs.Average price to heat a house with oil? per month ?
Where ? Buffalo NY ? Los Angeles ?
What size house ? 1500 sq ft ? 4000 sq ft ?
What insulation rating ?
Double pane windows ?
Get some relevant info and get back to us or
Ask the oil dealer in your area .
%26gt;
No average would be meaningful. The old Victorian I grew up in in Boston probably costs over $1,000 per month these days. Your location, the size of the house, how well it's insulated, your usage patterns, etc. will all have a significant impact on your costs.Average price to heat a house with oil? per month ?
Where ? Buffalo NY ? Los Angeles ?
What size house ? 1500 sq ft ? 4000 sq ft ?
What insulation rating ?
Double pane windows ?
Get some relevant info and get back to us or
Ask the oil dealer in your area .
%26gt;
Why does the oil prices go on increasing though the oil production has increased........????
I think it is a speculative bubble in the oil futures market. Traders have been relentlessly piling onto what is perceived as a cash cow. Eventually, as the demand for oil diminishes because of the high prices, traders will begin to take profits by selling their contracts. However, they cannot all do that without crashing the price. When the bubble bursts, many traders will get burned, and the price of oil will plummet, probably well below $100 a barrel.Why does the oil prices go on increasing though the oil production has increased........????
Two reasons, one of whom I'm a bit unsure about and am not too certain about whether I should lay the blame soely on that.
1. There is speculation. People are still buying oil futures, which increases prices. [more demand, even though its artificial-%26gt; means even higher prices]. So that is possibly why gas prices are high. Higher demand still from speculators. However, their role is still debated-- I think they play a role but not the main role.
2. Demand is still high. From other parts of the world, there is high demand right now. China and India have increasing demand. So that is also why oil prices are high.
They'll stay high I think, but I have hope they will go down. I don't support drilling here though-- there won't be enough oil, and no impact (no important impact) from us drilling within offshore places until the year 2030- and that's accoriding to a report from a White House group.Why does the oil prices go on increasing though the oil production has increased........????
Speculators.
Two reasons, one of whom I'm a bit unsure about and am not too certain about whether I should lay the blame soely on that.
1. There is speculation. People are still buying oil futures, which increases prices. [more demand, even though its artificial-%26gt; means even higher prices]. So that is possibly why gas prices are high. Higher demand still from speculators. However, their role is still debated-- I think they play a role but not the main role.
2. Demand is still high. From other parts of the world, there is high demand right now. China and India have increasing demand. So that is also why oil prices are high.
They'll stay high I think, but I have hope they will go down. I don't support drilling here though-- there won't be enough oil, and no impact (no important impact) from us drilling within offshore places until the year 2030- and that's accoriding to a report from a White House group.Why does the oil prices go on increasing though the oil production has increased........????
Speculators.
Oil prices are high globally. So is it fare to pose windfall profit tax to US oil firms for having profits?
Oil prices are not set by oil firms. If we tax US companies, foreign oil firms and oil countries make more money while US companies suffer.
Oil prices are high globally. So is it fare to pose windfall profit tax to US oil firms for having profits?
You have a valid argument, but it fails in the face of the truth: those who want to 'solve' the oil crisis are the very same who created it ... by stifling oil companies to such an extent that they can't be competitive world wide. FYI ... the government makes more off of 'big oil' than all of those they arer pointing fingers at currently, and they will continue to when they manifest reforms ... lol. And people will be so gullible that they will accept it. After all, we are all for change! Oil prices are high globally. So is it fare to pose windfall profit tax to US oil firms for having profits?
Is it fair to any US taxpayer to subsidize the most prosporous industry that the world has ever known?
SUFFER! Please pull your head out of that dark and danky place and live in the real world.
No. The govt makes more per gallon then the oil companies and they do nothing to earn the money except ';allow'; them to conduct business.
Perhaps we ';should wind fall tax'; any all profits from any company because socialists always thing people having wealth is a bad thing and lets face it the govt is the new religion of the left.
Batman is predicted to make over 400 million lets start taxing hollywood, Wal-Mart and McDonalds for that matter. Oil prices are high around the world because they tax per liter to pay for the ';free'; health care. Do some traveling then make a smart statement or a smart question.
Oil prices are not high globally, in saudi arabia, they are paying 41 cents a gallon for gas, and in iraq 26 to 28 cents per gallon. the middle eastern states that have all the oil pay the lowest price for it. wonder why that is , and why havnet we cut off there wheat, impose embargoes and aide to there countires till the cut the darn price of there oil to us. ? so cant exactly call that global, because lots of countires dont !
Corporations don't pay taxes. Consumers pay the taxes which the business adds to the price of its product as a cost of doing business.
High corporate taxes are just one of the sneaky ways the pigs in DC screw us taxpayers. Tax gas profits; the price of gas goes up...ECON 101.
Only if you are stupid enough to believe that the cost of the tax will not be passed on to the end users. This is why democrats should never be allowed to vote. They are too stupid to rationalize cause and effect of their actions.
Exxon paid $30 billion in taxes last year.
I guess Obama thinks that is not enough.
This won't happen. If you knew the market you would know the oil companies are working on a close margin
Study economics and you will see why your idea is wrong wrong wrong
This tax has always been punitive and is counter to our free market system ... our government has set the oil industry on the pedestal with our weak dollar ... now we are looking for a scapegoat
No, just another democrat looking for an excuse to tax it is a automatic relfex with them.
that dog tried to hunt under carter and it didn't work. I have not heard one person that can explain what windfall profits are. that tax won't pass anyway. mr doodles
Let's see. It was proposed. It didn't get off the ground and no one has mentioned it seriously lately. So why keep beating this dead horse?
Ed said it all,theres nothing more I can add to make people understand.
Oil prices are high globally. So is it fare to pose windfall profit tax to US oil firms for having profits?
You have a valid argument, but it fails in the face of the truth: those who want to 'solve' the oil crisis are the very same who created it ... by stifling oil companies to such an extent that they can't be competitive world wide. FYI ... the government makes more off of 'big oil' than all of those they arer pointing fingers at currently, and they will continue to when they manifest reforms ... lol. And people will be so gullible that they will accept it. After all, we are all for change! Oil prices are high globally. So is it fare to pose windfall profit tax to US oil firms for having profits?
Is it fair to any US taxpayer to subsidize the most prosporous industry that the world has ever known?
SUFFER! Please pull your head out of that dark and danky place and live in the real world.
No. The govt makes more per gallon then the oil companies and they do nothing to earn the money except ';allow'; them to conduct business.
Perhaps we ';should wind fall tax'; any all profits from any company because socialists always thing people having wealth is a bad thing and lets face it the govt is the new religion of the left.
Batman is predicted to make over 400 million lets start taxing hollywood, Wal-Mart and McDonalds for that matter. Oil prices are high around the world because they tax per liter to pay for the ';free'; health care. Do some traveling then make a smart statement or a smart question.
Oil prices are not high globally, in saudi arabia, they are paying 41 cents a gallon for gas, and in iraq 26 to 28 cents per gallon. the middle eastern states that have all the oil pay the lowest price for it. wonder why that is , and why havnet we cut off there wheat, impose embargoes and aide to there countires till the cut the darn price of there oil to us. ? so cant exactly call that global, because lots of countires dont !
Corporations don't pay taxes. Consumers pay the taxes which the business adds to the price of its product as a cost of doing business.
High corporate taxes are just one of the sneaky ways the pigs in DC screw us taxpayers. Tax gas profits; the price of gas goes up...ECON 101.
Only if you are stupid enough to believe that the cost of the tax will not be passed on to the end users. This is why democrats should never be allowed to vote. They are too stupid to rationalize cause and effect of their actions.
Exxon paid $30 billion in taxes last year.
I guess Obama thinks that is not enough.
This won't happen. If you knew the market you would know the oil companies are working on a close margin
Study economics and you will see why your idea is wrong wrong wrong
This tax has always been punitive and is counter to our free market system ... our government has set the oil industry on the pedestal with our weak dollar ... now we are looking for a scapegoat
No, just another democrat looking for an excuse to tax it is a automatic relfex with them.
that dog tried to hunt under carter and it didn't work. I have not heard one person that can explain what windfall profits are. that tax won't pass anyway. mr doodles
Let's see. It was proposed. It didn't get off the ground and no one has mentioned it seriously lately. So why keep beating this dead horse?
Ed said it all,theres nothing more I can add to make people understand.
Why are gas prices going up even tho the oil is still down?
I've notice that gas prices are going up. However I've notice that the barrel of oil is down. I know CITCO stopped donated heaing oil to families in need because ';The barrel of oil is down and demand is down'; so can anyone tell me why gas prices are going up even tho the barrel is going down?Why are gas prices going up even tho the oil is still down?
That's exactly what I would like to know. Seems pretty much like gouging to me.Why are gas prices going up even tho the oil is still down?
Refineries are busy upgrading/cutting production due to the low price/ demand of gasoline. It is not cost effective for them to drive the price of gasoline down by putting more product on the market. In other words, the refiners are hoping to weather the bad economy by cutting back production. It costs a lot of money to pay workers and operate refineries at higher production levels.
high demand. The barrel of oil price does not necessarily determine your gas price. Our refining industry is maxed out.
Because of greed by the treasury.
That's exactly what I would like to know. Seems pretty much like gouging to me.Why are gas prices going up even tho the oil is still down?
Refineries are busy upgrading/cutting production due to the low price/ demand of gasoline. It is not cost effective for them to drive the price of gasoline down by putting more product on the market. In other words, the refiners are hoping to weather the bad economy by cutting back production. It costs a lot of money to pay workers and operate refineries at higher production levels.
high demand. The barrel of oil price does not necessarily determine your gas price. Our refining industry is maxed out.
Because of greed by the treasury.
Are the higher & higher oil prices a form of attack on America by the saudies?
or?Are the higher %26amp; higher oil prices a form of attack on America by the saudies?
If this keeps going, it will compromise our national security!!
Our picnic location may have to be changed. The cost of jet fuel is making flying cost prohibitive!Are the higher %26amp; higher oil prices a form of attack on America by the saudies?
No, it has been an attack by the Environmental Lobby, EPA, Federal Reserve trashing the dollar, our congress spending like drunken congressmen, political volatility in the Middle East and last but not least, supply and demand. Too bad we don't have a ';free market'; any more!
That is what they would say if we started charging them more for grain for food.
No, wait they would call that unfair, that we owe it to them...
Gas costs more in almost every other nation in the world and I'm pretty sure the Saudis aren't attacking them all.
Supply and Demand!!! Freepress you know this.
We should invade Saudi Arabia for the 15 Saudi citizen terrorists that caused 911
It doesn't have to be that way. The more we waste the bigger our problem will be.soft lips
If this keeps going, it will compromise our national security!!
Our picnic location may have to be changed. The cost of jet fuel is making flying cost prohibitive!Are the higher %26amp; higher oil prices a form of attack on America by the saudies?
No, it has been an attack by the Environmental Lobby, EPA, Federal Reserve trashing the dollar, our congress spending like drunken congressmen, political volatility in the Middle East and last but not least, supply and demand. Too bad we don't have a ';free market'; any more!
That is what they would say if we started charging them more for grain for food.
No, wait they would call that unfair, that we owe it to them...
Gas costs more in almost every other nation in the world and I'm pretty sure the Saudis aren't attacking them all.
Supply and Demand!!! Freepress you know this.
We should invade Saudi Arabia for the 15 Saudi citizen terrorists that caused 911
It doesn't have to be that way. The more we waste the bigger our problem will be.
Will the price of petroleum and oil decrease without bush(cheaper)?
will the price of petraoluim and oil decrease without bush? (cheaper)Will the price of petroleum and oil decrease without bush(cheaper)?
Bush sets the price of OIL? I learn something from LIBERALS everyday!Will the price of petroleum and oil decrease without bush(cheaper)?
Little, if any.
the price of oil is determined by demand........go look at everything on the shelves at Wal Mart that say made in China on them...then ask yourself where did the Chinese get the energy to make all this stuff, let alone ship it across the Pacific?
The price of oil has little to do with whether Bush, Reagen Clinton Carter or my dog Buckwheat is in the White House
Probably not. However, the price of gasoline is more of a factor of the oil companies and how much they release to the refineries, as well as if they put the refineries back to full production...which they aren't at this time.
Yes, I think the prices will drop when Bush gets out of office and when the war ends.
that seems a fair point about Bush not doing anything to start sending some of that Iraqi oil over this way. If he started doing that I think the Limbaughcans would at least have a crying chance at the white house.i forget...tend to forget, no one would get rich that way, let us keep paying sky high prices at the pump
He's put in so many bylaws and regulations it would take Solomon to figure it out.
No, the prices are purposely set based on the production rates.
Which is why the oil companies are in no hurry to get Iraqi oil fields on line. They'll wait until the Saudi/Kuwaiti production drops off then they'll suppliment with the Iraqi reserves to keep the price stable.
I don't personally think so.
No all the politicians have a piece of that pie. They are all making big bucks.
it all depends on who gets into office and how shrewd they are in foriegn negotations
Are you kidding. With the libs (read dems) fighting exploration and development here, supporting the joker in Vensuala, opposing the war on terror in the Middle East, their ';global warming'; scam, and their need to increase dependance so they can increase control, This is just another of their ';issues'; where they do not want solutions.
Bush sets the price of OIL? I learn something from LIBERALS everyday!Will the price of petroleum and oil decrease without bush(cheaper)?
Little, if any.
the price of oil is determined by demand........go look at everything on the shelves at Wal Mart that say made in China on them...then ask yourself where did the Chinese get the energy to make all this stuff, let alone ship it across the Pacific?
The price of oil has little to do with whether Bush, Reagen Clinton Carter or my dog Buckwheat is in the White House
Probably not. However, the price of gasoline is more of a factor of the oil companies and how much they release to the refineries, as well as if they put the refineries back to full production...which they aren't at this time.
Yes, I think the prices will drop when Bush gets out of office and when the war ends.
that seems a fair point about Bush not doing anything to start sending some of that Iraqi oil over this way. If he started doing that I think the Limbaughcans would at least have a crying chance at the white house.i forget...tend to forget, no one would get rich that way, let us keep paying sky high prices at the pump
He's put in so many bylaws and regulations it would take Solomon to figure it out.
No, the prices are purposely set based on the production rates.
Which is why the oil companies are in no hurry to get Iraqi oil fields on line. They'll wait until the Saudi/Kuwaiti production drops off then they'll suppliment with the Iraqi reserves to keep the price stable.
I don't personally think so.
No all the politicians have a piece of that pie. They are all making big bucks.
it all depends on who gets into office and how shrewd they are in foriegn negotations
Are you kidding. With the libs (read dems) fighting exploration and development here, supporting the joker in Vensuala, opposing the war on terror in the Middle East, their ';global warming'; scam, and their need to increase dependance so they can increase control, This is just another of their ';issues'; where they do not want solutions.
I think oil prices will go up after the election. I own USO, what are some other ways to play it?
I would check out this site
http://oil-profits.org/
http://oil-profits.org/
What is the name and webpage of the company that sells oil paintings to the public at discounted prices?
I went to one show where the oil paintings were displayed in a hotel ballroom off I-25 just north of Denver.What is the name and webpage of the company that sells oil paintings to the public at discounted prices?
It sounds like you are thinking of the Starving Artist Group. Here's their Web page:
http://starvingartistgroup.com/
They sell painting for very low prices, but that's not quite the same as being ';discount.'; They hire people in places like Mexico and Asia to crank out dozens of paintings at at time. Still, if you like the end result, that's all that really matters.
Good luck!!
It sounds like you are thinking of the Starving Artist Group. Here's their Web page:
http://starvingartistgroup.com/
They sell painting for very low prices, but that's not quite the same as being ';discount.'; They hire people in places like Mexico and Asia to crank out dozens of paintings at at time. Still, if you like the end result, that's all that really matters.
Good luck!!
WHY DO GAS PRICES KEEP RISING WHEN OIL PRICES ARENT?
Simple greed, supply and demand. they makes sure they get enough money that they think they deserve by the end of the month so they can charge anything cuz we are so dependent on it. its a monoply but they try and nt make it look that way but the oil companies work together it just one big one and make them look divided but in the end they all are way too rich to see others suffer.WHY DO GAS PRICES KEEP RISING WHEN OIL PRICES ARENT?
It was up then and it was average. NOW after oil prices got better, the gas companies are making more now.WHY DO GAS PRICES KEEP RISING WHEN OIL PRICES ARENT?
The dollar is weakened . Your $1 isn't worth $1 at the moment .
It was up then and it was average. NOW after oil prices got better, the gas companies are making more now.WHY DO GAS PRICES KEEP RISING WHEN OIL PRICES ARENT?
The dollar is weakened . Your $1 isn't worth $1 at the moment .
Where do you all think crude oil prices are going to top out at? I am guessing $120.10.?
When is this bubble going to pop? I was thinking about buying more May calls on DUG.Where do you all think crude oil prices are going to top out at? I am guessing $120.10.?
It has already made a big move, obviously. It is likely to consolidate between $110 and $120 for a month or so, wich means that by the end of the quarter it will probably be aroun current levels. But I agree that $180-200 is certainly posible by the end of the year. If crude were to hang out below $120 for at least a month, I would probably be a buyer above $120...Where do you all think crude oil prices are going to top out at? I am guessing $120.10.?
Top out when? This year? If oil does not go over $125 a barrel this year, the world should celebrate big time. However, as the other poster said, $200 is very possible.
$200/ Barrel is VERY possible!!!!!!!
It has already made a big move, obviously. It is likely to consolidate between $110 and $120 for a month or so, wich means that by the end of the quarter it will probably be aroun current levels. But I agree that $180-200 is certainly posible by the end of the year. If crude were to hang out below $120 for at least a month, I would probably be a buyer above $120...Where do you all think crude oil prices are going to top out at? I am guessing $120.10.?
Top out when? This year? If oil does not go over $125 a barrel this year, the world should celebrate big time. However, as the other poster said, $200 is very possible.
$200/ Barrel is VERY possible!!!!!!!
Since the oil prices are rising, how can they be lowered?
Lowing oil prices requires finding an alternative energy source.
Oil is a commodity. The oil producer's profits are based on oil producer's supply and consumer's demand. Like any good marketing strategy, the producer gets the consumer hooked on their product. The addiction results in a willingness to allocate a larger portion of your disposable income on the product. Adoption of large SUVs and long commutes has made the US more dependent on oil (which just happens to be owned by some nasty groups ... Iran, Iraq, Russia, ...).
The price of oil will continue to climb because world supply cannot support world demand. Peak oil may be here:
http://www.a2dvoices.com/realitycheck/En鈥?/a>
The US government should raise the taxes on gasoline to start influencing the public's behavior. Europe pays nearly $9 a gallon for gas compared to $3 a gallon in the US. The delta is taxes. Ethanol is not the solution because Ethanol raises the price of food. Clean Coal is a great alternative to Middle East oil.
Technologies will ultimately help, but a moral society must learn to waste less if they hope for longevity.Since the oil prices are rising, how can they be lowered?
Well, they can be lowered if we had better relations with the people who sell oil. Of course, it'll be a bit worse when we get to the peak of oil production, the point when the decline comes.
I guess it'll be lowered when we find an energy alternative for oil, such as solar, or nuclear energy.
Besides that, I guess it would have to be just having good relations and a massive bulk purchase now, to stagnate the price rising.Since the oil prices are rising, how can they be lowered?
by using less oil and increasing production but that will never happen!
If OPEC would increase production, if demand would decrease, if Venezuela would stop this pissing match with Exxon, if we didn't have so much uncertainty in the middle east, if natural disasters would leave refineries alone, if we could find alternative fuel sources, if we could.....get my point?
Last time we did it by conservation of fuel.
Car pooling.
No road trips for fun.
Using your most efficient vehicle.
The price of fuel did drop.
By either getting OPEC and other oil nations to increase production. They wont do it.
Another suggestion is to regulate and prevent greedy speculators and traders in the oil pits at the NY Merc where the price of oil is determined.soft lips
Oil is a commodity. The oil producer's profits are based on oil producer's supply and consumer's demand. Like any good marketing strategy, the producer gets the consumer hooked on their product. The addiction results in a willingness to allocate a larger portion of your disposable income on the product. Adoption of large SUVs and long commutes has made the US more dependent on oil (which just happens to be owned by some nasty groups ... Iran, Iraq, Russia, ...).
The price of oil will continue to climb because world supply cannot support world demand. Peak oil may be here:
http://www.a2dvoices.com/realitycheck/En鈥?/a>
The US government should raise the taxes on gasoline to start influencing the public's behavior. Europe pays nearly $9 a gallon for gas compared to $3 a gallon in the US. The delta is taxes. Ethanol is not the solution because Ethanol raises the price of food. Clean Coal is a great alternative to Middle East oil.
Technologies will ultimately help, but a moral society must learn to waste less if they hope for longevity.Since the oil prices are rising, how can they be lowered?
Well, they can be lowered if we had better relations with the people who sell oil. Of course, it'll be a bit worse when we get to the peak of oil production, the point when the decline comes.
I guess it'll be lowered when we find an energy alternative for oil, such as solar, or nuclear energy.
Besides that, I guess it would have to be just having good relations and a massive bulk purchase now, to stagnate the price rising.Since the oil prices are rising, how can they be lowered?
by using less oil and increasing production but that will never happen!
If OPEC would increase production, if demand would decrease, if Venezuela would stop this pissing match with Exxon, if we didn't have so much uncertainty in the middle east, if natural disasters would leave refineries alone, if we could find alternative fuel sources, if we could.....get my point?
Last time we did it by conservation of fuel.
Car pooling.
No road trips for fun.
Using your most efficient vehicle.
The price of fuel did drop.
By either getting OPEC and other oil nations to increase production. They wont do it.
Another suggestion is to regulate and prevent greedy speculators and traders in the oil pits at the NY Merc where the price of oil is determined.
I think oil prices will go up after the election. I own USO, what are some other ways to play it?
You should read http://oil-profits.org/ before you make any decisions.
I'd like to know what everyone thinks of the price of gas and oil considering our wages haven't increased?
I think it is outrageous. How do the elderly people make it ? The ones who are on fixed income, who cant hardly pay for their medications,bills,food etc.
We go to work to make a living, but by the time we fill our tanks up, we are near about broke again!!
It's crazy !I'd like to know what everyone thinks of the price of gas and oil considering our wages haven't increased?
Don't forget all the poor families trying to squeeze by on two (or more!!!) low wage jobs. Report Abuse
I'd like to know what everyone thinks of the price of gas and oil considering our wages haven't increased?
the wages in the oil pacth go up every october so do what i did and get a job on a drilling rig
I read that Alan Greenspan said part of the reason the gas prices are so high is because of a shortage of refineries.... which kindof pisses me off considering my hometown's main industry was oil refining and the refineries there were shut down years ago making hard working Americans lose their jobs. Half the town was employed by the refineries and when they closed they had to leave to find work. The only thing my hometown is known for now is Meth labs and herion and cocaine rings.
The Oil Companies are making a killing.
Is it just co-incidence that George Bush was in the Texas Oil Business and has a lot of friends among the Gasoline Producers and the Oil Countries like Saudi Arabia.
Well WTF? I think it is just great. I like spending half of my paycheck to put into my gas tank so I can get to work and the grocery store. Doesn't everyone? .......Hello? anyone home?
1968 -- minimum wage
Feb 1, 1968: $1.60 %26amp; $1.15 (the lower figure $1.15 was due to one of many amendments to the 1938 federal ninimum wage act, this one being the result of the 1966 amendment which allowed many large employers such as grocery chains, restaurants, etc to pay only $1.15.
Source: http://www.dol.gov/esa/minwage/chart.htm
1968 minimum wage adjusted for inflation would be the highest peak min wage ever. In 2005 dollars, the 1968 $1.60 min wage would be $9.12.
Source: http://oregonstate.edu/instruct/anth484/鈥?/a>
1968: average cost of a gallon of gas depending on state tax etc between $0.20 and $0.33 USD per gallon. Sources: various and my memory.
HOWEVER -- in 2004 dollars, adjusted for inflation, it can be argued that gas is cheaper now than it was then.
Still, if we compare the straight multiplication ratio of the changes in minimum wage and gas prices from 1968 through June 2006, we see that gas is nearly ten times the 1968 price if we use $0.30 as the 1968 average and $2.90 as the 2006 average. ($2.90/$0.30 = 9.66).
Minimum wage increased only 3.2 times the 1968 min wage ($5.15/$1.60 = 3.2.)
SO, UNFORTUNATELY, minimum wage hasn't been adjusted!!!
I picked 1968 because of two reasons. One, it was the ';transition'; year between the previous decades of stable price/stable economy and the inflation years which followed. Two, I worked in a chain burger joint, and I was paid $1.15 per hour. Gas in my town was usually around $0.25 per gallon, often less during price wars.
If prices continue to rise, people will change their driving habits -- like walk more or ride the bus -- and maybe stop buying so many big SUVs and duallies.
I work on Alaska'a North Slope oil production facility in a support role (I work in the kitchen) and wages for my line of work, as well as many others on the Slope, have FALLEN in the last twenty years. That's right: the price of a barrel of crude is 4 times what it was 20 years ago, and the oil companies are making obscene profits, and the wages for the people actually involved in producing the oil or supporting those who do this work have fallen. How about that?
In Chicago SE suburbs they used to be in the upper $1 range two years ago. Ever since the increase, now it's $3 (lucky if can anything barely under that).
I think that's BULL----!
We go to work to make a living, but by the time we fill our tanks up, we are near about broke again!!
It's crazy !I'd like to know what everyone thinks of the price of gas and oil considering our wages haven't increased?
Don't forget all the poor families trying to squeeze by on two (or more!!!) low wage jobs. Report Abuse
I'd like to know what everyone thinks of the price of gas and oil considering our wages haven't increased?
the wages in the oil pacth go up every october so do what i did and get a job on a drilling rig
I read that Alan Greenspan said part of the reason the gas prices are so high is because of a shortage of refineries.... which kindof pisses me off considering my hometown's main industry was oil refining and the refineries there were shut down years ago making hard working Americans lose their jobs. Half the town was employed by the refineries and when they closed they had to leave to find work. The only thing my hometown is known for now is Meth labs and herion and cocaine rings.
The Oil Companies are making a killing.
Is it just co-incidence that George Bush was in the Texas Oil Business and has a lot of friends among the Gasoline Producers and the Oil Countries like Saudi Arabia.
Well WTF? I think it is just great. I like spending half of my paycheck to put into my gas tank so I can get to work and the grocery store. Doesn't everyone? .......Hello? anyone home?
1968 -- minimum wage
Feb 1, 1968: $1.60 %26amp; $1.15 (the lower figure $1.15 was due to one of many amendments to the 1938 federal ninimum wage act, this one being the result of the 1966 amendment which allowed many large employers such as grocery chains, restaurants, etc to pay only $1.15.
Source: http://www.dol.gov/esa/minwage/chart.htm
1968 minimum wage adjusted for inflation would be the highest peak min wage ever. In 2005 dollars, the 1968 $1.60 min wage would be $9.12.
Source: http://oregonstate.edu/instruct/anth484/鈥?/a>
1968: average cost of a gallon of gas depending on state tax etc between $0.20 and $0.33 USD per gallon. Sources: various and my memory.
HOWEVER -- in 2004 dollars, adjusted for inflation, it can be argued that gas is cheaper now than it was then.
Still, if we compare the straight multiplication ratio of the changes in minimum wage and gas prices from 1968 through June 2006, we see that gas is nearly ten times the 1968 price if we use $0.30 as the 1968 average and $2.90 as the 2006 average. ($2.90/$0.30 = 9.66).
Minimum wage increased only 3.2 times the 1968 min wage ($5.15/$1.60 = 3.2.)
SO, UNFORTUNATELY, minimum wage hasn't been adjusted!!!
I picked 1968 because of two reasons. One, it was the ';transition'; year between the previous decades of stable price/stable economy and the inflation years which followed. Two, I worked in a chain burger joint, and I was paid $1.15 per hour. Gas in my town was usually around $0.25 per gallon, often less during price wars.
If prices continue to rise, people will change their driving habits -- like walk more or ride the bus -- and maybe stop buying so many big SUVs and duallies.
I work on Alaska'a North Slope oil production facility in a support role (I work in the kitchen) and wages for my line of work, as well as many others on the Slope, have FALLEN in the last twenty years. That's right: the price of a barrel of crude is 4 times what it was 20 years ago, and the oil companies are making obscene profits, and the wages for the people actually involved in producing the oil or supporting those who do this work have fallen. How about that?
In Chicago SE suburbs they used to be in the upper $1 range two years ago. Ever since the increase, now it's $3 (lucky if can anything barely under that).
I think that's BULL----!
Need latest lubricant price announcements for major oil companies pz, qs, mobil, chev, shell, citgo, valv?
need amount of increases effective 10/06 or 11/06 in cents per gallon or % increase automotive and heavy dutyNeed latest lubricant price announcements for major oil companies pz, qs, mobil, chev, shell, citgo, valv?
well we didnt get hit in october but from what i hear we are going to get a 25 cent/gallon across the board for all bulk oils. Own 3 quick lubes.
well we didnt get hit in october but from what i hear we are going to get a 25 cent/gallon across the board for all bulk oils. Own 3 quick lubes.
Who is openly protesting or even questioning the price gauging of oil?
Congress reportedly tried to debunk the claims of these companies to no avail. The public is apparantly just merely grumbling. They are to get away scott free?
I ask this section because - all issues aside, the population unites hereWho is openly protesting or even questioning the price gauging of oil?
I'm more upset with the fact that we are now burning our food to feed our cars.
I can get by on less gasoline but I always need to eat.
Edit: @Flamespeak the sugar is used to make corn starch/syrup from my understanding which is used in many food products all over the world. I am curious if you have the title or an abstract of that show but I'm pretty sure the process reduces the available usage of the corn which was already being used in its entirety.Who is openly protesting or even questioning the price gauging of oil?
I think we're getting what we deserve. I remember the gas crisis in the 1970s. I remember parking in lines that were several blocks long and waiting for a chance to get gas. I still remember one time a gay came walking along the line, offering to go across the street to McD's and place an order for people and bring it back. We've had 30 years to make our homes and cars more energy efficient and to develop new forms of energy. We've had 30 years to improve our public transportation infrastructure. We've had 30 years to encourage people to live in cities and slow suburban sprawl. And we've blown it. We have chosen to create and purchase gas guzzlers like the Hummer, to build McMansions in exurbs, and to completely ignore and neglect public transportation.
There's no excuse. We're merely reaping what we sowed. We have nobody to blame but ourselves.
There aren't many people really doing anything. The oil and gas companies charge us $3.60 a gallon (that's what the expensive stuff costs around here) because we buy it. End of story.
Blah brings up something interesting. Everybody thinks corn and other biofuel will solve the crisis. Let's look at this from a realistic perspective.
-Very, very few cars can run on biofuel now, and the number isn't going up fast anytime soon
-All this does is drive up prices for corn
-Here in Mississippi, where cotton has been the top crop for over a century, corn has now replaced it at the top, which will drive up cotton prices when the supply goes down (Mississippi produces more cotton than any other state, at one time it was higher than almost any other country in the world, so that's significant), I'm sure other Southern states are doing the same thing, which will drive up cotton prices even more
-Increasing price of feed for livestock due to shortage of corn will make price of meat go up, my dad works with dealing chickens and says those prices are already starting to go up fast because of this
-The number of cars that use biofuel isn't going to be enough to really affect the price of gasoline
-In short, biofuel isn't going to do a damn thing to gas prices and will make prices for other things go up, making the economy even worse
So biofuel is a stupid idea in the long run. I've probably missed other things it'll effect. The last thing we need to do is take food away from people who really need it, such as many countries of the world. That's what biofuel does.
Sorry I got way off track, but I want to address that while we're on fuel since lots of people think biofuel is the saving grace for cars.
We are all grumbling, protesting and complaining about it but until we get ';Politicians'; out of control of our country and get the People (you know like in of the People and by the People) into control with elected officials who are truly representative of us, we might just as well be pissing up a rope
Too much of our government has too much interest in oil to seriously want to rock the boat.....beginning with the President and working down
If you would learn to speak English properly, folks would take you seriously when you come up with these hair brained ideas.
It's price ';gouging'; no gauging.
BTW, gas is not high enough. If it were, I would NEVER see some goofball with a Humvee or an F-350 sitting in the parking lot with his engine idling, burning diesel fuel.
The surging oil prices are due to the high dollar, not supply and demand, thats correct. Oil hase been increasing steadily, like everything else. Wages will adapt. Luckily companies rely on consumer spending so there is a limit to how badly they can hoss the public.
Where I come from, it jumped to $1.25/litre. That may seem dirt cheap, but by American measurements, that would be above the U.S. average. People are PISSED.
I say we all buy stock in oil companies, then sell it at the exact same time.
Starco?? one of the major oil refining company's had the largest profit in 2007 ever in the history of the US in any industry.
as a country we should be mad as ell and do not take it anymore remember this at election time and choose the best person for president come on people do something it is only going to get worse we need action not words or false promise
Actually, there is a gas strike going on May 2nd, so if you want to join in on it, don't buy gas May 2nd.
It is price gauging with excuses!
hey, people? here in kodiak it is FOUR DOLLARS AND FIFTY CENTS for REGULAR.
you read that right.
4.50
Meh, people will always pay because they don't have a choice at this time. As soon as someone releases a readily available electric car at a decent price, the oil company is taking a hard smack and they know it.
P.S. Does no body else question how they can legally charge us $4 for gas and claim it is completely neccessary for that much to be charged when you can go to Mexico and get the same gas for only $2. Liars, all they are is liars....
Add:
On the subject of Biofuel,
The corn is being drained of its natural alcohol and sugars for the fuel, the raw protein is still being used (that is the important part for food) to feed the cattle it was originally intended for. The corn is still being used and not just 'burned up' as many think that it is. The processed corn is actually a better product to feed the livestock as it is basically pure food instead of some food with filler wrapped around it.
I saw this on a Discovery channel special at about 3 in the morning while I was fighting one of the worst cases of heartburn I had ever had. Kind of happy I had it, it really made put my mind to rest about this issue.
Blah,
I will try to locate it, but I don't even know where to begin looking........wait! It was an episode of American Chopper! I remember now, they were building a motorcycle that ran solely on ethanol. The place that makes ethanol stated the corn that was used was generally what was used for the animal feed anyways so it really wasn't a loss. Every part was used according to them, I remember the whole process was actually pretty dang interesting.
I ask this section because - all issues aside, the population unites hereWho is openly protesting or even questioning the price gauging of oil?
I'm more upset with the fact that we are now burning our food to feed our cars.
I can get by on less gasoline but I always need to eat.
Edit: @Flamespeak the sugar is used to make corn starch/syrup from my understanding which is used in many food products all over the world. I am curious if you have the title or an abstract of that show but I'm pretty sure the process reduces the available usage of the corn which was already being used in its entirety.Who is openly protesting or even questioning the price gauging of oil?
I think we're getting what we deserve. I remember the gas crisis in the 1970s. I remember parking in lines that were several blocks long and waiting for a chance to get gas. I still remember one time a gay came walking along the line, offering to go across the street to McD's and place an order for people and bring it back. We've had 30 years to make our homes and cars more energy efficient and to develop new forms of energy. We've had 30 years to improve our public transportation infrastructure. We've had 30 years to encourage people to live in cities and slow suburban sprawl. And we've blown it. We have chosen to create and purchase gas guzzlers like the Hummer, to build McMansions in exurbs, and to completely ignore and neglect public transportation.
There's no excuse. We're merely reaping what we sowed. We have nobody to blame but ourselves.
There aren't many people really doing anything. The oil and gas companies charge us $3.60 a gallon (that's what the expensive stuff costs around here) because we buy it. End of story.
Blah brings up something interesting. Everybody thinks corn and other biofuel will solve the crisis. Let's look at this from a realistic perspective.
-Very, very few cars can run on biofuel now, and the number isn't going up fast anytime soon
-All this does is drive up prices for corn
-Here in Mississippi, where cotton has been the top crop for over a century, corn has now replaced it at the top, which will drive up cotton prices when the supply goes down (Mississippi produces more cotton than any other state, at one time it was higher than almost any other country in the world, so that's significant), I'm sure other Southern states are doing the same thing, which will drive up cotton prices even more
-Increasing price of feed for livestock due to shortage of corn will make price of meat go up, my dad works with dealing chickens and says those prices are already starting to go up fast because of this
-The number of cars that use biofuel isn't going to be enough to really affect the price of gasoline
-In short, biofuel isn't going to do a damn thing to gas prices and will make prices for other things go up, making the economy even worse
So biofuel is a stupid idea in the long run. I've probably missed other things it'll effect. The last thing we need to do is take food away from people who really need it, such as many countries of the world. That's what biofuel does.
Sorry I got way off track, but I want to address that while we're on fuel since lots of people think biofuel is the saving grace for cars.
We are all grumbling, protesting and complaining about it but until we get ';Politicians'; out of control of our country and get the People (you know like in of the People and by the People) into control with elected officials who are truly representative of us, we might just as well be pissing up a rope
Too much of our government has too much interest in oil to seriously want to rock the boat.....beginning with the President and working down
If you would learn to speak English properly, folks would take you seriously when you come up with these hair brained ideas.
It's price ';gouging'; no gauging.
BTW, gas is not high enough. If it were, I would NEVER see some goofball with a Humvee or an F-350 sitting in the parking lot with his engine idling, burning diesel fuel.
The surging oil prices are due to the high dollar, not supply and demand, thats correct. Oil hase been increasing steadily, like everything else. Wages will adapt. Luckily companies rely on consumer spending so there is a limit to how badly they can hoss the public.
Where I come from, it jumped to $1.25/litre. That may seem dirt cheap, but by American measurements, that would be above the U.S. average. People are PISSED.
I say we all buy stock in oil companies, then sell it at the exact same time.
Starco?? one of the major oil refining company's had the largest profit in 2007 ever in the history of the US in any industry.
as a country we should be mad as ell and do not take it anymore remember this at election time and choose the best person for president come on people do something it is only going to get worse we need action not words or false promise
Actually, there is a gas strike going on May 2nd, so if you want to join in on it, don't buy gas May 2nd.
It is price gauging with excuses!
hey, people? here in kodiak it is FOUR DOLLARS AND FIFTY CENTS for REGULAR.
you read that right.
4.50
Meh, people will always pay because they don't have a choice at this time. As soon as someone releases a readily available electric car at a decent price, the oil company is taking a hard smack and they know it.
P.S. Does no body else question how they can legally charge us $4 for gas and claim it is completely neccessary for that much to be charged when you can go to Mexico and get the same gas for only $2. Liars, all they are is liars....
Add:
On the subject of Biofuel,
The corn is being drained of its natural alcohol and sugars for the fuel, the raw protein is still being used (that is the important part for food) to feed the cattle it was originally intended for. The corn is still being used and not just 'burned up' as many think that it is. The processed corn is actually a better product to feed the livestock as it is basically pure food instead of some food with filler wrapped around it.
I saw this on a Discovery channel special at about 3 in the morning while I was fighting one of the worst cases of heartburn I had ever had. Kind of happy I had it, it really made put my mind to rest about this issue.
Blah,
I will try to locate it, but I don't even know where to begin looking........wait! It was an episode of American Chopper! I remember now, they were building a motorcycle that ran solely on ethanol. The place that makes ethanol stated the corn that was used was generally what was used for the animal feed anyways so it really wasn't a loss. Every part was used according to them, I remember the whole process was actually pretty dang interesting.
Is the direct result of increased taxes on oil companies HIGHER PRICES for gas?
Is the direct result of increased taxes on oil companies HIGHER PRICES for gas?Is the direct result of increased taxes on oil companies HIGHER PRICES for gas?
No, gas prices are effected by supply and demand, maintenance and profit margin.
No, gas prices are effected by supply and demand, maintenance and profit margin.
Do oil prices typically drop in the winter time?
Trying to determine if I should lock in my oil prices for home heating....Do oil prices typically drop in the winter time?
Now is probably a good time to lock in. I know people who did ';pre-buy'; a month ago and are paying $.50/gallon more than the prices are now. If you wait until the first cold snap, the prices will be higher.
I don't expect prices on #2 to go much below what they are today, and , come January, they'll probably be higher.Do oil prices typically drop in the winter time?
yes they do....
It depends on the severity of the weather. If your a gambler don't lock the price in. If your more Conservative lock the price in.
If you lock it in you can budget the projected cost and relax otherwise you will have a lot of time to worry. If we have a warm winter you won't use as much fuel so you will be alright, even if the price goes down. If we have a cold winter prices will go up along with usage and you could be in double trouble.
lock in the price now.
get it now,in one month opec meets again but the saudi's didn't agree to stop the oil flow to keep the prices up this month..a texas oilman convinced them to hold out..after all the saudi's make up one third of opec..buy it now don't wait more than a week..
nope
They drop when the demand is down
Yes %26amp; no. No if we are going to have a hard winter in the northeast. They say that the stockpile of heating oil is not enough. but if we have a mild winter they do not have to refine as much heating oil so the price goes down. I guessthe last few years we have had hard winters because my heating bills have not gone down.
No they usually go up
DROP? They go higher than ever. Nothing like taking advantage of people.
Now is probably a good time to lock in. I know people who did ';pre-buy'; a month ago and are paying $.50/gallon more than the prices are now. If you wait until the first cold snap, the prices will be higher.
I don't expect prices on #2 to go much below what they are today, and , come January, they'll probably be higher.Do oil prices typically drop in the winter time?
yes they do....
It depends on the severity of the weather. If your a gambler don't lock the price in. If your more Conservative lock the price in.
If you lock it in you can budget the projected cost and relax otherwise you will have a lot of time to worry. If we have a warm winter you won't use as much fuel so you will be alright, even if the price goes down. If we have a cold winter prices will go up along with usage and you could be in double trouble.
lock in the price now.
get it now,in one month opec meets again but the saudi's didn't agree to stop the oil flow to keep the prices up this month..a texas oilman convinced them to hold out..after all the saudi's make up one third of opec..buy it now don't wait more than a week..
nope
They drop when the demand is down
Yes %26amp; no. No if we are going to have a hard winter in the northeast. They say that the stockpile of heating oil is not enough. but if we have a mild winter they do not have to refine as much heating oil so the price goes down. I guessthe last few years we have had hard winters because my heating bills have not gone down.
No they usually go up
DROP? They go higher than ever. Nothing like taking advantage of people.
How could leaks in the Tundra's oil pipelines alleve the gas prices in the US?
Leak of oil from a pipeline located in harsh environment like the tundra means a prompt shut down of the line, depressurizing it, recover the spilled oil , repair the line, re pressurize, pressure test the line, start up the pumping station and resume pumping the crude oil. All that operations takes longer time in areas like Tundra due to sever weather, longer time of shut down, and as a result there will be shortage in the national oil production of the USA.
To compensate for that shortage , demand on the gas will increase and consequently it's price will temporarily jump.
The following link is a caption of news about the incident of Tendra pipeline leak, so you can have an idea about the difficult conditions surrounds the repairs operations:
http://www.msnbc.msn.com/id/11696601/How could leaks in the Tundra's oil pipelines alleve the gas prices in the US?
thank youuuu =] Report Abuse
How could leaks in the Tundra's oil pipelines alleve the gas prices in the US?
alleve?
To compensate for that shortage , demand on the gas will increase and consequently it's price will temporarily jump.
The following link is a caption of news about the incident of Tendra pipeline leak, so you can have an idea about the difficult conditions surrounds the repairs operations:
http://www.msnbc.msn.com/id/11696601/How could leaks in the Tundra's oil pipelines alleve the gas prices in the US?
thank youuuu =] Report Abuse
How could leaks in the Tundra's oil pipelines alleve the gas prices in the US?
alleve?
How can gas prices be so high when the oil companies are making record profits?
How can this be allowed?How can gas prices be so high when the oil companies are making record profits?
I asked this recently too and was given a very good answer so here it goes: Oil Companies Internationally are lowering how much oil they make so the price will raise=supply and demand. Its a great idea to make them richer, they are basically doing half the work but still making the same or even more money so why put in an effort to make more oil when they are making the kind of money they are making. The US can not do anything because it is International and the US has no say in International affairs. Many people believe that it is because there is a lack of oil but that is not true. They say for every 4 oil barrels used, we find 1 barrel of oil. This is true but just because they are lowering their efforts to find oil so they can raise the prices.
It sucks for us who paying so much. But sure does make you want to get in on the oil business.How can gas prices be so high when the oil companies are making record profits?
It's call a free enterprise system. Gasoline is a commodity not a charity. We could drill in dozens of places throughout our own country and get cheaper oil, except the environmentalist nuts (with the help of the democrats) will not allow us to do so.
I get about 10 mpg with my SUV, it is a gas guzzler. But i don't care because i can afford it. Get used to it, there is nothing you or anyone else can do about it, nothing. HAHA!
Actually the gas is totally FREE, Be coz it's under the ground,in this planet earth, some countries has more and some has less or no.
It is allowed because we are not Communists or thieves.
Don't like it? WALK!
(P. S. Define ';record profits';. It means ';Media lies to stupid liberals to get them to attack American Business.';
Why do you think they're making record profits? Because the price paid is so high! You answered your own question!
It's their oil. They can do whatever they want.
I asked this recently too and was given a very good answer so here it goes: Oil Companies Internationally are lowering how much oil they make so the price will raise=supply and demand. Its a great idea to make them richer, they are basically doing half the work but still making the same or even more money so why put in an effort to make more oil when they are making the kind of money they are making. The US can not do anything because it is International and the US has no say in International affairs. Many people believe that it is because there is a lack of oil but that is not true. They say for every 4 oil barrels used, we find 1 barrel of oil. This is true but just because they are lowering their efforts to find oil so they can raise the prices.
It sucks for us who paying so much. But sure does make you want to get in on the oil business.How can gas prices be so high when the oil companies are making record profits?
It's call a free enterprise system. Gasoline is a commodity not a charity. We could drill in dozens of places throughout our own country and get cheaper oil, except the environmentalist nuts (with the help of the democrats) will not allow us to do so.
I get about 10 mpg with my SUV, it is a gas guzzler. But i don't care because i can afford it. Get used to it, there is nothing you or anyone else can do about it, nothing. HAHA!
Actually the gas is totally FREE, Be coz it's under the ground,in this planet earth, some countries has more and some has less or no.
It is allowed because we are not Communists or thieves.
Don't like it? WALK!
(P. S. Define ';record profits';. It means ';Media lies to stupid liberals to get them to attack American Business.';
Why do you think they're making record profits? Because the price paid is so high! You answered your own question!
It's their oil. They can do whatever they want.
Main Cause of High Oil Prices: Investors?
I always thought supply and demand is the main cause. But when looking at it, oil prices hiked mostly in the past couple years. So unless demand is rising exponentially and supply is decreasing exponentially. I heard from many people investors are the main cause of the oil price hike?Main Cause of High Oil Prices: Investors?
There are many reasons for the rise in oil: Rising demand, shrinking supply and in the short term, speculators. Fortunately speculation is a zero sum game and every time someone makes money, someone else loses it although not necessarily at the same time.
We may be in an oil bubble, speculators buy because they think the price will keep going up and up. One day all those contracts will be liquidated and we will be faced with an unstopable selling cascade. Oil prices will crash and the gains will be balanced by loses.
BTW, oil supply is still shrinking and demand is growing. In the very long run, oil prices will go up whatever the investors do.Main Cause of High Oil Prices: Investors?
Your question belies a common mistake people make when thinking about supply and prices -- that if there is a shortage that the increase in price will be of the same scale as the size of the shortage. In a lot of cases that is true, but for products like oil where demand is very inelastic, that isn't the case.
Think of it this way: Suppose there are 1000000 barrels of oil in the world, and 1000001 people who want a barrel of oil. Exactly one person is going to have to do without, so the price increases until exactly one person says, ';I'd rather go without than pay *that*';.
The problem with oil is that every single one of those 1000001 people who want that oil wants *very badly* not to be the one who gets left out. If every one of those people will pay $1000 rather than be the one who has to go without oil, the price will go up to $1000, even though the world is only short by 0.0001%. The price is controlled by how much people want it, not how big the deficit is.
Not that investors aren't *part* of the problem, but supply and demand can account for a lot of price change even being just a little bit out of balance.
Investors are only one part of the equation. There are businesses that buy oil futures as a way of shoring up against higher prices later. These are businesses that actually use the oil such as airlines, transport companies and the like. Then there are the folks who buy futures just as a way to make money by speculating on the market. They really don't have any direct use for the futures they buy.
Add to that China and India. Both have economies that are expanding rapidly. Along with an expanding economy comes higher demand for fuel. It's a lot more complicated than that but that is a good bit of the crux of it.
Investors aren't the main cause. Too many people point fingers at investors as the main cause of expensive gas prices. They may not be the direct cause but they are a cause.
A bigger cause is demand. There has been rising demand for gas. China, India, and developing nations have had more demand for gas/oil. So that has caused demand to rise and prices to go up.
Also, production/exports of oil has gone down. So supply has gone down. In addition, there isn't that much oil out there. It is finite and will run out maybe in 30, 40 years. So its supply is not that big. Therefore, supply (low) has lead to high gas prices-- there isn't much supply.
So the problem is supply-demand. Not investors (well not MAINLY investors). Investors are part of the issue but they are not the main problem.
well there has been a large rise in demand for oil recently (with poor countries becoming wealthy and are now having an increasing amount of people who can now get cars where before they could afford it)
and it is also costing more and more money to get oil because the supply of easy to get oil is going down.
but yes investors are a part of the problem I just don't know if they are the main part of the problem.
There are many reasons for the rise in oil: Rising demand, shrinking supply and in the short term, speculators. Fortunately speculation is a zero sum game and every time someone makes money, someone else loses it although not necessarily at the same time.
We may be in an oil bubble, speculators buy because they think the price will keep going up and up. One day all those contracts will be liquidated and we will be faced with an unstopable selling cascade. Oil prices will crash and the gains will be balanced by loses.
BTW, oil supply is still shrinking and demand is growing. In the very long run, oil prices will go up whatever the investors do.Main Cause of High Oil Prices: Investors?
Your question belies a common mistake people make when thinking about supply and prices -- that if there is a shortage that the increase in price will be of the same scale as the size of the shortage. In a lot of cases that is true, but for products like oil where demand is very inelastic, that isn't the case.
Think of it this way: Suppose there are 1000000 barrels of oil in the world, and 1000001 people who want a barrel of oil. Exactly one person is going to have to do without, so the price increases until exactly one person says, ';I'd rather go without than pay *that*';.
The problem with oil is that every single one of those 1000001 people who want that oil wants *very badly* not to be the one who gets left out. If every one of those people will pay $1000 rather than be the one who has to go without oil, the price will go up to $1000, even though the world is only short by 0.0001%. The price is controlled by how much people want it, not how big the deficit is.
Not that investors aren't *part* of the problem, but supply and demand can account for a lot of price change even being just a little bit out of balance.
Investors are only one part of the equation. There are businesses that buy oil futures as a way of shoring up against higher prices later. These are businesses that actually use the oil such as airlines, transport companies and the like. Then there are the folks who buy futures just as a way to make money by speculating on the market. They really don't have any direct use for the futures they buy.
Add to that China and India. Both have economies that are expanding rapidly. Along with an expanding economy comes higher demand for fuel. It's a lot more complicated than that but that is a good bit of the crux of it.
Investors aren't the main cause. Too many people point fingers at investors as the main cause of expensive gas prices. They may not be the direct cause but they are a cause.
A bigger cause is demand. There has been rising demand for gas. China, India, and developing nations have had more demand for gas/oil. So that has caused demand to rise and prices to go up.
Also, production/exports of oil has gone down. So supply has gone down. In addition, there isn't that much oil out there. It is finite and will run out maybe in 30, 40 years. So its supply is not that big. Therefore, supply (low) has lead to high gas prices-- there isn't much supply.
So the problem is supply-demand. Not investors (well not MAINLY investors). Investors are part of the issue but they are not the main problem.
well there has been a large rise in demand for oil recently (with poor countries becoming wealthy and are now having an increasing amount of people who can now get cars where before they could afford it)
and it is also costing more and more money to get oil because the supply of easy to get oil is going down.
but yes investors are a part of the problem I just don't know if they are the main part of the problem.
Will gas prices drop if oil exec's are found dead with notes saying this is only the first of many?
And busy gas stations are fire bombed, along with tanker trucks filled with gas! The American public will only take so much!Will gas prices drop if oil exec's are found dead with notes saying this is only the first of many?
Well Im sure they wont just sit there with dumb loos on their faces like they did when the congress asked them how they felt know that Americans cant feed their families yet they made 32 billion in profits in the first 3 months of this year.
%26gt;%26gt;%26gt;%26gt; tosses you a bic.... lighter up.Will gas prices drop if oil exec's are found dead with notes saying this is only the first of many?
I think you'll still have international supply and demand issues, as well as speculators buying up shares and driving up the market price of oil - just you'll also have a senseless acts of terrorism to go along with it.
No one run out and fire-bomb the poor guys running the gas stations by the way, it's not their fault.
No, they will go up as they hire armed guards to protect themselves and their property.
You want prices to go down ?
Stop buying gas gussling cars and walk a bit more..... as demand falls prices should follow.
The American public might even get a bit slimmer as a bonus.
Let us not forget that oil is traditionally paid for in US$. The value of the US$ is now less than it was. You don't expect the oil companies to receive less because the $ is worth less do you? Naturally they increase the price of oil so that their spending power remains the same.
This is just plain stupid talk. I am a member of the American public and I am happy that we don't have shortages, rationing, and long lines at the pump.
no unfortunatly because they now know that we'll pay $4 for gas and won't lower it b/c we need it to get around so the won't drop the prices :( their nickle and diming us :( it's F***ed up
Striking, not bombing, stations around the country may help.. Gas rose 30 cents in the last 3 days out here in Cali. It's now around $4.25/gal.
Remember Enron and the California Energy Crisis?
LOL.. I DO NOT advocate such things.. but it makes me laugh how you Yanks whine, when we Brits have been paying 3 times what you pay for Petrol for god know's how many years...
That would only raise the price...
not cooool dude my relatives on the board of chevron ughh
Well Im sure they wont just sit there with dumb loos on their faces like they did when the congress asked them how they felt know that Americans cant feed their families yet they made 32 billion in profits in the first 3 months of this year.
%26gt;%26gt;%26gt;%26gt; tosses you a bic.... lighter up.Will gas prices drop if oil exec's are found dead with notes saying this is only the first of many?
I think you'll still have international supply and demand issues, as well as speculators buying up shares and driving up the market price of oil - just you'll also have a senseless acts of terrorism to go along with it.
No one run out and fire-bomb the poor guys running the gas stations by the way, it's not their fault.
No, they will go up as they hire armed guards to protect themselves and their property.
You want prices to go down ?
Stop buying gas gussling cars and walk a bit more..... as demand falls prices should follow.
The American public might even get a bit slimmer as a bonus.
Let us not forget that oil is traditionally paid for in US$. The value of the US$ is now less than it was. You don't expect the oil companies to receive less because the $ is worth less do you? Naturally they increase the price of oil so that their spending power remains the same.
This is just plain stupid talk. I am a member of the American public and I am happy that we don't have shortages, rationing, and long lines at the pump.
no unfortunatly because they now know that we'll pay $4 for gas and won't lower it b/c we need it to get around so the won't drop the prices :( their nickle and diming us :( it's F***ed up
Striking, not bombing, stations around the country may help.. Gas rose 30 cents in the last 3 days out here in Cali. It's now around $4.25/gal.
Remember Enron and the California Energy Crisis?
LOL.. I DO NOT advocate such things.. but it makes me laugh how you Yanks whine, when we Brits have been paying 3 times what you pay for Petrol for god know's how many years...
That would only raise the price...
not cooool dude my relatives on the board of chevron ughh
What good did conservation do? OPEC is lowering oil production, so gas prices will go up again.?
I know it helps the environment, but now I'm enjoying life less and will suffer from higher gas prices once again.
It's like a no-win situation.What good did conservation do? OPEC is lowering oil production, so gas prices will go up again.?
That's simple - the more you conserve, the less money you're giving to OPEC, and the less control they have over your wallet. Yeah they can always cause the price of oil to increase, but the less you use, the less that will effect you.
Personally I either bike or ride an electric moped to work. I use so little gas that if the price goes up $1/gallon, it only costs me an extra $20/month.What good did conservation do? OPEC is lowering oil production, so gas prices will go up again.?
As long as we refuse to understand that we IMPORT 70% of our oil OPEC will have complete control of our national economy.
Those that do not want to:
1. DRILL where the oil is on and off shore
2. Build nuclear power plants until 60-70% of our electric power comes from nuclear
3. Build thousands of on an off shore wind turbines- and solar and geothermal until over 20% comes from renewable sources-
We will be slaves to the despots and dictators that control the world petroleum market.
Don't worry about OPEC. Do what is best for you without the government leading the way. Honda makes a $20,000 natural gas Civic. You can buy that and fuel it from your home's gas lines for about the equivalent of $2 a gallon. Or you can run a diesel vehicle off of vegetable oil. Ride your bike. Buy a small car. Whatever floats your boat. Just do what's best for you without thinking about OPEC or the government.
Exactly. This is why we need to get off of foreign energy supplies. I don't really care how we do it, do you?! Using our own supplies, figuring out new sources, it really doesn't matter to me. What I don't appreciate is this system that has been set up that chokes the life out of my monthly budget, and who can I blame? The Saudis? Venezuela? I'm tired of being beholden to these dictators, and I'm tired of our leaders not taking any responsibility, or coming up with any answers that would make a difference.
Nope.
They're lowering production due to reduced demand and lower prices.
The oil they suck out of the ground needs someplace to go, if inventories are filling up, they need to turn down the tap a little.
My current prediction on oil prices is lower than $80/bbl. (how much I can't say. $60 would not surprise me, but I'll be happy with less than $100 for a while.)
Welcome to the era of big oil.soft lips
It's like a no-win situation.What good did conservation do? OPEC is lowering oil production, so gas prices will go up again.?
That's simple - the more you conserve, the less money you're giving to OPEC, and the less control they have over your wallet. Yeah they can always cause the price of oil to increase, but the less you use, the less that will effect you.
Personally I either bike or ride an electric moped to work. I use so little gas that if the price goes up $1/gallon, it only costs me an extra $20/month.What good did conservation do? OPEC is lowering oil production, so gas prices will go up again.?
As long as we refuse to understand that we IMPORT 70% of our oil OPEC will have complete control of our national economy.
Those that do not want to:
1. DRILL where the oil is on and off shore
2. Build nuclear power plants until 60-70% of our electric power comes from nuclear
3. Build thousands of on an off shore wind turbines- and solar and geothermal until over 20% comes from renewable sources-
We will be slaves to the despots and dictators that control the world petroleum market.
Don't worry about OPEC. Do what is best for you without the government leading the way. Honda makes a $20,000 natural gas Civic. You can buy that and fuel it from your home's gas lines for about the equivalent of $2 a gallon. Or you can run a diesel vehicle off of vegetable oil. Ride your bike. Buy a small car. Whatever floats your boat. Just do what's best for you without thinking about OPEC or the government.
Exactly. This is why we need to get off of foreign energy supplies. I don't really care how we do it, do you?! Using our own supplies, figuring out new sources, it really doesn't matter to me. What I don't appreciate is this system that has been set up that chokes the life out of my monthly budget, and who can I blame? The Saudis? Venezuela? I'm tired of being beholden to these dictators, and I'm tired of our leaders not taking any responsibility, or coming up with any answers that would make a difference.
Nope.
They're lowering production due to reduced demand and lower prices.
The oil they suck out of the ground needs someplace to go, if inventories are filling up, they need to turn down the tap a little.
My current prediction on oil prices is lower than $80/bbl. (how much I can't say. $60 would not surprise me, but I'll be happy with less than $100 for a while.)
Welcome to the era of big oil.
Do you think the oil companies are ';to blame'; for the international cost of crude oil prices?
No. Supply and Demand.
China, India, European Union and USA economies are rising fast and burning fuel at a much greater pace than new drilling for oil on the world markets.
New alternative energy can not meet or impact this expansion in economic wealth of the world.
We must either increase supply, or lower demand which will lower economic standards worldwide.
Basic Economics: Supply and DemandDo you think the oil companies are ';to blame'; for the international cost of crude oil prices?
Depends on what you mean by the international cost. If you mean the spot market, no they are not.
If you mean for overcharging us for their own reserves based on the spot market price they are responsible for that.
The spot market price is the price that you pay if you do not own any oil and you need to buy some today. That is the over 100 dollar price you hear about, and lately people have been investing in oil like they were beany babies. That is without regard for it value, creating a bubble. It is not related to supply and demand because the supply is at the highest levels it has been in 14 years.
On the other hand, Exxon bought most of thier oil while it was in the ground decades ago for about 5 dollars a barrel, but they charge us the price that it is on the spot market making over $100 a barrel lately in profit.Do you think the oil companies are ';to blame'; for the international cost of crude oil prices?
Nope, they are playing by the rules of our flawed economic system.
OPEC is part of the problem too.
http://incogitoblog.blogspot.com
Well, I know that I don't set those prices. Nor do I have any control over how much crude oil they pump, refine, or stockpile.
Who do you think DOES have control over those things?
Yes
no, they are being blamed for taking in record profits and not investing in alternative energy sources as they promised when they received 12 billion in tax breaks.
yes
Yes, greed!
No
I don't believe in conspiracies until they are exposed.
Gas prices on the otherhand...yes they are, because the pinch in refining capacity in order to squeeze supply nd boost profit has already been exposed..
China, India, European Union and USA economies are rising fast and burning fuel at a much greater pace than new drilling for oil on the world markets.
New alternative energy can not meet or impact this expansion in economic wealth of the world.
We must either increase supply, or lower demand which will lower economic standards worldwide.
Basic Economics: Supply and DemandDo you think the oil companies are ';to blame'; for the international cost of crude oil prices?
Depends on what you mean by the international cost. If you mean the spot market, no they are not.
If you mean for overcharging us for their own reserves based on the spot market price they are responsible for that.
The spot market price is the price that you pay if you do not own any oil and you need to buy some today. That is the over 100 dollar price you hear about, and lately people have been investing in oil like they were beany babies. That is without regard for it value, creating a bubble. It is not related to supply and demand because the supply is at the highest levels it has been in 14 years.
On the other hand, Exxon bought most of thier oil while it was in the ground decades ago for about 5 dollars a barrel, but they charge us the price that it is on the spot market making over $100 a barrel lately in profit.Do you think the oil companies are ';to blame'; for the international cost of crude oil prices?
Nope, they are playing by the rules of our flawed economic system.
OPEC is part of the problem too.
http://incogitoblog.blogspot.com
Well, I know that I don't set those prices. Nor do I have any control over how much crude oil they pump, refine, or stockpile.
Who do you think DOES have control over those things?
Yes
no, they are being blamed for taking in record profits and not investing in alternative energy sources as they promised when they received 12 billion in tax breaks.
yes
Yes, greed!
No
I don't believe in conspiracies until they are exposed.
Gas prices on the otherhand...yes they are, because the pinch in refining capacity in order to squeeze supply nd boost profit has already been exposed..
Oil prices are 50% less why aren't I paying $2.00 a gallon? Does it make sense to still pay $3.00 now?
Shouldn't gas cost $2.00 bucks now? Given it more than 50% less?Oil prices are 50% less why aren't I paying $2.00 a gallon? Does it make sense to still pay $3.00 now?
You would think so, but I think that they are keeping prices artificially high to keep the conservation movement going. People aren't traveling the way the way they used to. Traffic deaths are down. Oil imports are the highest they have ever been and with less demand, comes lower prices. You keep prices higher, people won't drive so much. I don't agree with it and it's illegal. Just a thought.Oil prices are 50% less why aren't I paying $2.00 a gallon? Does it make sense to still pay $3.00 now?
Just because the cost of oil went down by 50% doesn't mean to cost of getting gas out of it went down at all. So the 50% isn't directly related to the price, there are other factors as well. Such as the gas station itself making a profit; that price did not go down by 50%, therefore its not a direct relation.
It would be interesting to see the math and the proof as to why it hasn't gone down faster. I also wonder if market price is really what they paid and which refineries are still holding larger amounts of oil at these higher prices. That would suggest that some oil companies are producing and selling theirs faster. Some areas of the country might then also be getting fuel at higher prices because of this also? I still believe that there's market manipulation somewhere.
First of all, it takes a few days for a reduction in spot oil prices to hit the pumps. Also, some gas stations bought future supplies at a higher price. There is no conspriacy.
Gas prices here dropped .15 cents today, lower prices later in the week.
Even if oil was $.01 a barrel you would have to pay for processing and transportation and the gas stations expenses.Those cost have not dropped any.
You would think so, but I think that they are keeping prices artificially high to keep the conservation movement going. People aren't traveling the way the way they used to. Traffic deaths are down. Oil imports are the highest they have ever been and with less demand, comes lower prices. You keep prices higher, people won't drive so much. I don't agree with it and it's illegal. Just a thought.Oil prices are 50% less why aren't I paying $2.00 a gallon? Does it make sense to still pay $3.00 now?
Just because the cost of oil went down by 50% doesn't mean to cost of getting gas out of it went down at all. So the 50% isn't directly related to the price, there are other factors as well. Such as the gas station itself making a profit; that price did not go down by 50%, therefore its not a direct relation.
It would be interesting to see the math and the proof as to why it hasn't gone down faster. I also wonder if market price is really what they paid and which refineries are still holding larger amounts of oil at these higher prices. That would suggest that some oil companies are producing and selling theirs faster. Some areas of the country might then also be getting fuel at higher prices because of this also? I still believe that there's market manipulation somewhere.
First of all, it takes a few days for a reduction in spot oil prices to hit the pumps. Also, some gas stations bought future supplies at a higher price. There is no conspriacy.
Gas prices here dropped .15 cents today, lower prices later in the week.
Even if oil was $.01 a barrel you would have to pay for processing and transportation and the gas stations expenses.Those cost have not dropped any.
Macroeconomic impacts on oil prices?
Examine the macroeconomic impacts of an increase in the global price of oil. Could you please answer by giving relevant examples. How will this impact on a global business ?Macroeconomic impacts on oil prices?
It will:
1) increase all business costs (thus shifting supply left)
2) cause inflation (increase in price level).
Global businesses will suffer too - b/c transportation and production costs have risen.
It will:
1) increase all business costs (thus shifting supply left)
2) cause inflation (increase in price level).
Global businesses will suffer too - b/c transportation and production costs have risen.
Are these grossly overinflated gas prices just a front so big oil can start drilling off the us coast?
the saudis say there is no reason for these prices and that oil is in great supply.Are these grossly overinflated gas prices just a front so big oil can start drilling off the us coast?
No, they profit more from it not being drilled. They could care less considering the current environment.
1. OPEC shortens supply when oil rich nations are unstable. (Afghanistan, Iraq and Iran are all causing them to decrease supply which increases prices.)
2. The value of the U.S. dollar has decreased dramatically, which makes the price higher as oil is traded in U.S. dollars.
3. The speculation market contributes to almost 40% of the current cost of gas. Bush deregulated the speculation market and has set a record new low for dividends (capped at 15%tax).
Roughly 75% of the existing land set aside for drilling is NOT being drilled because it is more lucrative to NOT drill. Increasing the amount of land is not going to save the day. In fact, economists estimated 3months ago that if 100% was being drilled of the land already set aside, it'd drop the cost by about 25cents/gallon (and it'd take at least 5years to make this possible including refining).
Think about it (corruption in our government, corruption by the big oil companies entangled in it).Are these grossly overinflated gas prices just a front so big oil can start drilling off the us coast?
Why would you blame big oil for the worldwide price of oil ?
They don't control whats paid for saudi, candian, mexican, venezuelian oil.
You should be thanking big oil.
Since the democratic party gained control of Congress in Janurary 2007.
Worldwide oil prices has increased 187%
But gasoline prices have only increased 91%
If the oil companies passed on the full increase of the oil prices on the oil they have to BUY to refine into gasoline.
Gasoline would cost $6.00 a gallon.
Yes. The same thing that drove corporations to do business overseas is what drove drilling away-profitability. You don't really believe the higher echalon of lobbiests would allow environmentalists to have their way without a reason, do you? Once the prices reach 5 dollars, media will begin to sell we the thirsty motorists on war with the selfish environmentalists. From the looks of this topic in blogs, the advertisers have successfully sold us domestic drilling as being ';alternative.';
That is considerable, on top of all kinds of
concrete reasons which immediately
pose as obvious or likely or hidden or
politically-involved, not to mention
economic, and it just goes on.
How many of us were wondering from the
START of the introduction of SUVs, just
what that was all about.
I won't continue here, because it would become
an endless tirade. Thanks for the question.
The democrats have kept us from drilling or building any new refineries for the past 25 years, but I suppose you're proud of that....oil drives our economy and when we depend on FOREIGN oil, this is what happens. Democrats want our economy to come to a grinding halt. Why the hell aren't we using nukes? The most efficient power source we have....hell, even France knows the benefits of going nuke. Know what else, to hell with the effin Saudis!! I say glass 'em
Floyd's correct!! I have always said that!!!
I don't know.
However, Americans have unquestionably proven that they are willing to continue buying gas no matter how high the cost climbs. Ergo, the oil companies have zero incentive to lower prices.
Demand for gas is goin down and price is rising. In a truely free market- that is economically an impossibilty. Gas prices are being manipulated by the economic (and possibly political) elite.
Is there no one special agent we can get to work on this and tell us the truth? Is there no one who will give the American people the real story? Is there no one?
Sorry don't have an answer for this one...it just pees me off!
(Hey Cavey!)
Why shouldn't ';big oil'; drill off the coast in the Gulf of Mexico?
China (along with Cuba) is.
People, buy a clue, will ya?
When The oil prices went up as fast as they did I said to myself next they'll tell us they have to drill in Alaska. I was wrong they want to drill in the ocean.
or up in alaska. it kills some of them to allow anything to remain even semi pristine.
Blame it on the Democrats and Liberals!
That is what I've been thinking, I just didn't think anybody else was.
Ding! Ding! Ding! Ding! Ding!
Read the book Black Gold Strangle Hold
youve got a BIG BIG check right there!:-)
http://www.americansolutions.com/
No, they profit more from it not being drilled. They could care less considering the current environment.
1. OPEC shortens supply when oil rich nations are unstable. (Afghanistan, Iraq and Iran are all causing them to decrease supply which increases prices.)
2. The value of the U.S. dollar has decreased dramatically, which makes the price higher as oil is traded in U.S. dollars.
3. The speculation market contributes to almost 40% of the current cost of gas. Bush deregulated the speculation market and has set a record new low for dividends (capped at 15%tax).
Roughly 75% of the existing land set aside for drilling is NOT being drilled because it is more lucrative to NOT drill. Increasing the amount of land is not going to save the day. In fact, economists estimated 3months ago that if 100% was being drilled of the land already set aside, it'd drop the cost by about 25cents/gallon (and it'd take at least 5years to make this possible including refining).
Think about it (corruption in our government, corruption by the big oil companies entangled in it).Are these grossly overinflated gas prices just a front so big oil can start drilling off the us coast?
Why would you blame big oil for the worldwide price of oil ?
They don't control whats paid for saudi, candian, mexican, venezuelian oil.
You should be thanking big oil.
Since the democratic party gained control of Congress in Janurary 2007.
Worldwide oil prices has increased 187%
But gasoline prices have only increased 91%
If the oil companies passed on the full increase of the oil prices on the oil they have to BUY to refine into gasoline.
Gasoline would cost $6.00 a gallon.
Yes. The same thing that drove corporations to do business overseas is what drove drilling away-profitability. You don't really believe the higher echalon of lobbiests would allow environmentalists to have their way without a reason, do you? Once the prices reach 5 dollars, media will begin to sell we the thirsty motorists on war with the selfish environmentalists. From the looks of this topic in blogs, the advertisers have successfully sold us domestic drilling as being ';alternative.';
That is considerable, on top of all kinds of
concrete reasons which immediately
pose as obvious or likely or hidden or
politically-involved, not to mention
economic, and it just goes on.
How many of us were wondering from the
START of the introduction of SUVs, just
what that was all about.
I won't continue here, because it would become
an endless tirade. Thanks for the question.
The democrats have kept us from drilling or building any new refineries for the past 25 years, but I suppose you're proud of that....oil drives our economy and when we depend on FOREIGN oil, this is what happens. Democrats want our economy to come to a grinding halt. Why the hell aren't we using nukes? The most efficient power source we have....hell, even France knows the benefits of going nuke. Know what else, to hell with the effin Saudis!! I say glass 'em
Floyd's correct!! I have always said that!!!
I don't know.
However, Americans have unquestionably proven that they are willing to continue buying gas no matter how high the cost climbs. Ergo, the oil companies have zero incentive to lower prices.
Demand for gas is goin down and price is rising. In a truely free market- that is economically an impossibilty. Gas prices are being manipulated by the economic (and possibly political) elite.
Is there no one special agent we can get to work on this and tell us the truth? Is there no one who will give the American people the real story? Is there no one?
Sorry don't have an answer for this one...it just pees me off!
(Hey Cavey!)
Why shouldn't ';big oil'; drill off the coast in the Gulf of Mexico?
China (along with Cuba) is.
People, buy a clue, will ya?
When The oil prices went up as fast as they did I said to myself next they'll tell us they have to drill in Alaska. I was wrong they want to drill in the ocean.
or up in alaska. it kills some of them to allow anything to remain even semi pristine.
Blame it on the Democrats and Liberals!
That is what I've been thinking, I just didn't think anybody else was.
Ding! Ding! Ding! Ding! Ding!
Read the book Black Gold Strangle Hold
youve got a BIG BIG check right there!:-)
http://www.americansolutions.com/
Since we are in a recession with many jobs lost is it fair oil company to raise gas prices continually now?
When this recession started the oil companies lowered the oil prices due to lowered demand due to the recession and job losses and now they are being raised sometimes more than once daily when even more jobs has been lost and the oil companies are acting like everything is back to normal so up with the price of gas and oil. So much greed...Since we are in a recession with many jobs lost is it fair oil company to raise gas prices continually now?
You're JUST recognizing the greed of the American and European corporate interests...
It's not even just greed.
These are power-hungry people who will take whatever action necessary to ensure their domination of the world.
They don't flinch at the thought of draining the pockets of the citizens...Since we are in a recession with many jobs lost is it fair oil company to raise gas prices continually now?
If oil were taken off of the “comity market” and not traded the same was as pork bellies, perhaps someone could do something about the Oil Companies reaping record profits.
I’m sorry to say, until then - we are at the mercy of speculators.
Everyone is raising prices. Plus, creditors are more aggressive than ever. Looks like one big conspiracy to completely destroy the middle class to me.
I don't know if it's greed or the last gasp of capitalism.
You're a idiot. Oil is traded just like a potato is. The oil companies do not set the price! It's what traders on the mercantile exchange decide on. Do some homework instead of relying on morons.
You're right, they should lower their prices to help people out - charge less than they pay for crude, as a matter of fact, and go out of business. But they won't do that because they're so greedy.
The government makes far, far, more on each and every gallon of gasoline in taxes than the oil companies do.
Wake up and smell the coffee.
Look @ all the fuel BO is burning with his NYC date and his soon to be vacation to Paris. Living like a rock star lol...
speculation on crude oil is bring it up. Thought we were going to take care of this? Guess another lie told.
I thought it was all Bushes fault the oil prices were so high.
Did you think that this wasn't coming ! Government motors will make sure they continue to go up until we all need a juice box car ! They will do there very best to break us all to there will !
You're JUST recognizing the greed of the American and European corporate interests...
It's not even just greed.
These are power-hungry people who will take whatever action necessary to ensure their domination of the world.
They don't flinch at the thought of draining the pockets of the citizens...Since we are in a recession with many jobs lost is it fair oil company to raise gas prices continually now?
If oil were taken off of the “comity market” and not traded the same was as pork bellies, perhaps someone could do something about the Oil Companies reaping record profits.
I’m sorry to say, until then - we are at the mercy of speculators.
Everyone is raising prices. Plus, creditors are more aggressive than ever. Looks like one big conspiracy to completely destroy the middle class to me.
I don't know if it's greed or the last gasp of capitalism.
You're a idiot. Oil is traded just like a potato is. The oil companies do not set the price! It's what traders on the mercantile exchange decide on. Do some homework instead of relying on morons.
You're right, they should lower their prices to help people out - charge less than they pay for crude, as a matter of fact, and go out of business. But they won't do that because they're so greedy.
The government makes far, far, more on each and every gallon of gasoline in taxes than the oil companies do.
Wake up and smell the coffee.
Look @ all the fuel BO is burning with his NYC date and his soon to be vacation to Paris. Living like a rock star lol...
speculation on crude oil is bring it up. Thought we were going to take care of this? Guess another lie told.
I thought it was all Bushes fault the oil prices were so high.
Did you think that this wasn't coming ! Government motors will make sure they continue to go up until we all need a juice box car ! They will do there very best to break us all to there will !
Why are low oil prices bad for Americans?
They aren't in and of itself. The price of a barrel of oil dropped because Americans started driving less and less, thus lowering the demand.
The reason you can perceive it as being ';bad'; is because part of the reason that Americans are buying less and less is that our economy is hurting pretty badly right now. Americans that drive less don't put as much money back into the economy. For instance, over summer, many families including mine cut back on the amount of vacation-time because of prices.
Now that they're low, people still aren't buying gas because everyone is being tight about where and how they spend their money.Why are low oil prices bad for Americans?
because we have to find another things to whine about
Plus, OPEC gets mad and throws a baby fit, that is badWhy are low oil prices bad for Americans?
there not, who said that there bad?? good for me
I dont think they are
They are??? I love them!!!soft lips
The reason you can perceive it as being ';bad'; is because part of the reason that Americans are buying less and less is that our economy is hurting pretty badly right now. Americans that drive less don't put as much money back into the economy. For instance, over summer, many families including mine cut back on the amount of vacation-time because of prices.
Now that they're low, people still aren't buying gas because everyone is being tight about where and how they spend their money.Why are low oil prices bad for Americans?
because we have to find another things to whine about
Plus, OPEC gets mad and throws a baby fit, that is badWhy are low oil prices bad for Americans?
there not, who said that there bad?? good for me
I dont think they are
They are??? I love them!!!
Why would BG benefit from rising oil prices?
gas is buried with oil, they come together, if oil rises, then gas does too caus proportionally they are worth the same compared to each other (supply and demand)
add to that if people use less oil, then they use more gas, as heaters use both vehicles can use both (there are busses out there running on gas in london) so if oil prices rise, then people will switch to gas heaters, thus demand rises and so does priceWhy would BG benefit from rising oil prices?
Gas prices are fixed in a peculiar way to the price of oil.Daft l know,but they do move in tandem in the commodities marketsWhy would BG benefit from rising oil prices?
gas prices tend to follow oil prices
add to that if people use less oil, then they use more gas, as heaters use both vehicles can use both (there are busses out there running on gas in london) so if oil prices rise, then people will switch to gas heaters, thus demand rises and so does priceWhy would BG benefit from rising oil prices?
Gas prices are fixed in a peculiar way to the price of oil.Daft l know,but they do move in tandem in the commodities marketsWhy would BG benefit from rising oil prices?
gas prices tend to follow oil prices
If the US increases oil production and The Saudis Decrease it, What happens to the Price of Crude Oil?
I am always hearing that drilling will increase supply and lower prices. Yet the president has to beg the king of Saudi Arabia to produce more oil. What if they produce less when we produce more?
If 100 percent of the people buying gas are willing and able to pay $4 a barrel but if supliers raise the price to $8 a barrel and only 50% of the people, won't that mean the same payday for the people selling the oil?If the US increases oil production and The Saudis Decrease it, What happens to the Price of Crude Oil?
It should remain about the same if the increase of the US oil and the decrease of the Saudi oil are equal.If the US increases oil production and The Saudis Decrease it, What happens to the Price of Crude Oil?
They wouldn't produce less oil, they like the money too much. If they did it would just bring more buyers to us and we have more oil than the entire middle east put together, that would be the best thing that could ever happen to us. We woul dbe gettin gmoney were missing out on by not drilling now plus taking the Saudis share. That would be great for national security, great for our economy, and great for gas prices. Go cllean my bathroom Obama.
To answer what happens to our oil is it depends on how much oil we begin to produce. Saudi's are just outside of our top five or right within for the oil we import. If Venezuela or Mexico stopped producing we would be in more trouble but Saudis(are still important) but would not cause as much of an impact immediately. Hopefully it would keep more money in the US anyway.
If that happens, then still, hundreds of thousands of our citizens will have good paying jobs that the democrat party refuses them. Our government will collect trillions in royalties for the right to use the land. It will make the trade imbalance less.
Do you really think the Saudis will stop pumping? They really have no other product to sell. There are thousands of Saudi royalty that would have no income without that oil revenue.
fs
dele28 you are incorrect. Saudi Arabia is the world's second biggest oil producer with 8.8 million barrels produced every day, right behind Russia with 9.5 million per day. Mexico produces 3.2 million per day and Venezuela 2.4 million.
It will go up, when in doubt it will always rise, somehow it defies gravity when it comes to the price of oil what goes up must go higher.
Nothing absolutely nothing
First of all, you are wrong to think that Bush has not asked Saudi Arabia to increase oil production. (one of many links here proving you wrong: http://cbs5.com/national/President.Bush.鈥?/a>
He did ask and they said ';no.'; Either way, with all the oil we have in the US, it is much more than the oil in the middle east and by creating more supply, the demand will go down and therefore be cheaper. Think about it, we have to pay to have it shipped over here on tankers, yet if we extract it from our own land, we only have to transport it via tanker truck, no shipping needed (minus Hawaii). Also, drilling on our own land will produce more jobs, get the airline industry off its butt, and people will be more willing to travel. All of these would be a boost to the economy and we could then use the money that we normally would be sending to the middle east for oil, on creating nuclear power plants for alternative energy sources. Make sense?
If 100 percent of the people buying gas are willing and able to pay $4 a barrel but if supliers raise the price to $8 a barrel and only 50% of the people, won't that mean the same payday for the people selling the oil?If the US increases oil production and The Saudis Decrease it, What happens to the Price of Crude Oil?
It should remain about the same if the increase of the US oil and the decrease of the Saudi oil are equal.If the US increases oil production and The Saudis Decrease it, What happens to the Price of Crude Oil?
They wouldn't produce less oil, they like the money too much. If they did it would just bring more buyers to us and we have more oil than the entire middle east put together, that would be the best thing that could ever happen to us. We woul dbe gettin gmoney were missing out on by not drilling now plus taking the Saudis share. That would be great for national security, great for our economy, and great for gas prices. Go cllean my bathroom Obama.
To answer what happens to our oil is it depends on how much oil we begin to produce. Saudi's are just outside of our top five or right within for the oil we import. If Venezuela or Mexico stopped producing we would be in more trouble but Saudis(are still important) but would not cause as much of an impact immediately. Hopefully it would keep more money in the US anyway.
If that happens, then still, hundreds of thousands of our citizens will have good paying jobs that the democrat party refuses them. Our government will collect trillions in royalties for the right to use the land. It will make the trade imbalance less.
Do you really think the Saudis will stop pumping? They really have no other product to sell. There are thousands of Saudi royalty that would have no income without that oil revenue.
fs
dele28 you are incorrect. Saudi Arabia is the world's second biggest oil producer with 8.8 million barrels produced every day, right behind Russia with 9.5 million per day. Mexico produces 3.2 million per day and Venezuela 2.4 million.
It will go up, when in doubt it will always rise, somehow it defies gravity when it comes to the price of oil what goes up must go higher.
Nothing absolutely nothing
First of all, you are wrong to think that Bush has not asked Saudi Arabia to increase oil production. (one of many links here proving you wrong: http://cbs5.com/national/President.Bush.鈥?/a>
He did ask and they said ';no.'; Either way, with all the oil we have in the US, it is much more than the oil in the middle east and by creating more supply, the demand will go down and therefore be cheaper. Think about it, we have to pay to have it shipped over here on tankers, yet if we extract it from our own land, we only have to transport it via tanker truck, no shipping needed (minus Hawaii). Also, drilling on our own land will produce more jobs, get the airline industry off its butt, and people will be more willing to travel. All of these would be a boost to the economy and we could then use the money that we normally would be sending to the middle east for oil, on creating nuclear power plants for alternative energy sources. Make sense?
When should the problem of high oil prices have been addressed now or 15 years ago when it was first projected
Some people are acting as though no one could have foreseen the rise in oil prices. I've been reading articles for years projecting this. And the generous lead-time on a new oil well is 10 to 15 years btw.When should the problem of high oil prices have been addressed now or 15 years ago when it was first projected
Well, the Republicans will blame the democrats, and the Democrats will blame the republicans.
One group will say we need to do more drilling NOW, so this does not happen in the future.
And the other group will say we need to find alternative sources of energy, so we can get rid of our oil dependence.
Why can't we do BOTH??When should the problem of high oil prices have been addressed now or 15 years ago when it was first projected
Because the Democrats have blocked offshore drilling for 30 years and still do. Had they gotten their heads out of their #%26amp;^@*# then, we wouldn't be in this mess now.
The problem is that Democrats think the high prices are actually a blessing. Less fossil fuel use, fewer highway deaths, etc, etc, it's all for our own good. Don't think for a second they're not high-fiving each other every chance they get behind closed doors, just like they do everytime a soldier dies in Iraq.
It's pathetic, and it's even more pathetic that people are falling for their BS.
Sounds like a rhetorical question Cow. But I think the gas crisis and oil embargo was in the 1970s. Congress did do something: they mandated the CAFE standards for fuel efficiency. Then, under pressure from Detroit, Congress allowed SUVs to guzzle gas as an exception to the CAFE law.
Pretty irresponsible of Congress to do this. Pretty irresponsible of Americans to buy SUVs and muscle cars. Pretty irresponsible of Detroit to go down this path.
Americans would prefer to become a 2nd rate nation than cut back on oil use. Not much we can do about it if we continue to choose to be pigs.
Everyone else did---and did something to make themselves less dependent on oil--except for the U.S. Driving a car should not be a necessity, it should be something like a fun event---in America people NEED a car to go to their jobs--in other countries people go to work via bus,subway, or train and drive their cars for the fun of it.....just go to Europe and see how they do it---that's why they can charge so much for gas over there....if people don't want to pay for the gas, they can take the bus to work....over here, if people don't want to pay the gas they can lose their jobs because there is no alternative(except from and to some areas).....We should have done something 20 years ago already....instead, we quit building nuclear power plants....so whose fault is it?
As 'suth' and 'Imfoxy' pointed out, it was actually 30 years ago that we had an excellent opportunity and the lead time to come up with solutions. Unfortunately, the 'collective we' lost focus because the 'collective we' is not really forward thinking, opting for an easy path today and ignoring that such actions will make the path much harder in the future.
The goal of Carter's plan was to get the US away from it's dependency on OPEC by funding research for alternative energy sources and providing tax incentives for installing solar systems and insulation. We could have had a 30 year jump on energy solutions but instead we're facing more critical energy problems with less time for solutions and a current Energy Plan that provides $8 billion dollars in 'welfare' payments to the oil business as well as rebates to buy gas-guzzling Hummers.
-- 28 Years Later - a comparison:
http://www.commondreams.org/views05/0503鈥?/a>
-- April 18, 1977
http://www.mnforsustain.org/energy_speec鈥?/a>
-- From recent news article, hindsight is 20/20:
http://www.sciencefriday.com/blog/index.鈥?/a>
http://www.sciencefriday.com/program/arc鈥?/a>
';Beginning this moment, this nation will never use more foreign oil than we did in 1977 -- never. From now on, every new addition to our demand for energy will be met from our own production and our own conservation. The generation-long growth in our dependence on foreign oil will be stopped dead in its tracks right now and then reversed...'; -- Some fool in 1979
How about now, since we really can't do anything about what happened 15 years ago.
It's all typical politics. Why act on something today that will have an impact 15 years later. Just leave it for the politicians 15 years from now to deal with.
Carter was the first president to address our oil dependency.
What did we do after that?? We built bigger cars.
Nobody listened to him.
In reality, if you go back far enough, Carter addressed this issue during his administration. Nothing has been done since then (by either side).
no spin
clinton vetoed drilling when he was in office
hugs!
Well... we can either set our clocks back 15 years, or get to it.
Well, the Republicans will blame the democrats, and the Democrats will blame the republicans.
One group will say we need to do more drilling NOW, so this does not happen in the future.
And the other group will say we need to find alternative sources of energy, so we can get rid of our oil dependence.
Why can't we do BOTH??When should the problem of high oil prices have been addressed now or 15 years ago when it was first projected
Because the Democrats have blocked offshore drilling for 30 years and still do. Had they gotten their heads out of their #%26amp;^@*# then, we wouldn't be in this mess now.
The problem is that Democrats think the high prices are actually a blessing. Less fossil fuel use, fewer highway deaths, etc, etc, it's all for our own good. Don't think for a second they're not high-fiving each other every chance they get behind closed doors, just like they do everytime a soldier dies in Iraq.
It's pathetic, and it's even more pathetic that people are falling for their BS.
Sounds like a rhetorical question Cow. But I think the gas crisis and oil embargo was in the 1970s. Congress did do something: they mandated the CAFE standards for fuel efficiency. Then, under pressure from Detroit, Congress allowed SUVs to guzzle gas as an exception to the CAFE law.
Pretty irresponsible of Congress to do this. Pretty irresponsible of Americans to buy SUVs and muscle cars. Pretty irresponsible of Detroit to go down this path.
Americans would prefer to become a 2nd rate nation than cut back on oil use. Not much we can do about it if we continue to choose to be pigs.
Everyone else did---and did something to make themselves less dependent on oil--except for the U.S. Driving a car should not be a necessity, it should be something like a fun event---in America people NEED a car to go to their jobs--in other countries people go to work via bus,subway, or train and drive their cars for the fun of it.....just go to Europe and see how they do it---that's why they can charge so much for gas over there....if people don't want to pay for the gas, they can take the bus to work....over here, if people don't want to pay the gas they can lose their jobs because there is no alternative(except from and to some areas).....We should have done something 20 years ago already....instead, we quit building nuclear power plants....so whose fault is it?
As 'suth' and 'Imfoxy' pointed out, it was actually 30 years ago that we had an excellent opportunity and the lead time to come up with solutions. Unfortunately, the 'collective we' lost focus because the 'collective we' is not really forward thinking, opting for an easy path today and ignoring that such actions will make the path much harder in the future.
The goal of Carter's plan was to get the US away from it's dependency on OPEC by funding research for alternative energy sources and providing tax incentives for installing solar systems and insulation. We could have had a 30 year jump on energy solutions but instead we're facing more critical energy problems with less time for solutions and a current Energy Plan that provides $8 billion dollars in 'welfare' payments to the oil business as well as rebates to buy gas-guzzling Hummers.
-- 28 Years Later - a comparison:
http://www.commondreams.org/views05/0503鈥?/a>
-- April 18, 1977
http://www.mnforsustain.org/energy_speec鈥?/a>
-- From recent news article, hindsight is 20/20:
http://www.sciencefriday.com/blog/index.鈥?/a>
http://www.sciencefriday.com/program/arc鈥?/a>
';Beginning this moment, this nation will never use more foreign oil than we did in 1977 -- never. From now on, every new addition to our demand for energy will be met from our own production and our own conservation. The generation-long growth in our dependence on foreign oil will be stopped dead in its tracks right now and then reversed...'; -- Some fool in 1979
How about now, since we really can't do anything about what happened 15 years ago.
It's all typical politics. Why act on something today that will have an impact 15 years later. Just leave it for the politicians 15 years from now to deal with.
Carter was the first president to address our oil dependency.
What did we do after that?? We built bigger cars.
Nobody listened to him.
In reality, if you go back far enough, Carter addressed this issue during his administration. Nothing has been done since then (by either side).
no spin
clinton vetoed drilling when he was in office
hugs!
Well... we can either set our clocks back 15 years, or get to it.
Is Bush have any thing do to with the oil prices?
yes, cause all the trouble he is causing.
Bush is a puppet for the wolfowitz doctrine and other high profile secret societies. He is not for the people, he is for corporations, and making money for him and his cronies. Not helping any of use americans. Bush is a good puppet.Is Bush have any thing do to with the oil prices?
No, I don't think soIs Bush have any thing do to with the oil prices?
No actually is is determined on the world market. The US dollar has decreased in value significantly over the last few years. Since the dollar is worth less it buys less.
One could argue that BOTH parties are to blame in that neither side has ACTED on passing any energy policies.
One can argue that we are to blame for buying all those mini vans and SUV's, then driving 30 miles to work school everyday.
Also it is really about speculation in addition to supply and demand. You can watch the REAL price changes by going to nymex.com
Oil companies are not gouging us, they are paying more for oil now too(and make less profit then the banking, insurance, and financial industries) and it is not some government conspiracy.
Hope I helped...The price stinks I know but we really only have a free world market for oil to blame.
Bush is well vested in the oil industry. He doesn't run the whole operation,however he has created the climate where such greed has free reign.War in Iraq =impact through fear and speculation. There is supposedly a price cap on things like this yet prices keep going up.Question everything and do your research. Peace.
Indirectly. His actions have an affect on the global economy which affect oil prices.
Oil is becoming more scarce as well (slowly but surely), and supply economics dictate that it will become more expensive as supplies dwindle.
Saying Bush is responsible is naive. Saying the actions of a president do not affect the value of oil is also naive. So its not super simple. The action of the war in Iraq are certainly linked to high oil prices. So are the actions of OPEC, and the forces of supply and demand.
Just to stay away from bombarding oil fields.
If you read articles and listen to news, then, you know that Bush family owns an oil company. Also, Cheney has an oil company too. So, your question is obsolete.
No, the oil companies decide prices. Bush cant do anything about it.
I think questions like these are why we need to do a better job of teaching basic economics.
The short answer is ';no';.
No president has anything to do with oil prices.
Oil is a commodity. Commodities are traded. Supply of the commodity versus the demand for it determines the price it is traded at. Other economic conditions can affect the ';futures'; price of a commodity.
Asking if President Bush has anything to do with oil prices is akin to asking if President Bush has anything to do with the price of soybeans.
Some good beginner financial information, including basic economics can be found all over the web. I've included some good resources below. Motley Fool requires free registration. Other sources might be classified opinion columns, however, they are written by recognized experts in the field. The social studies for kids link provides a good primer.
Best of luck in your genuine search for answers.
Bush is a puppet for the wolfowitz doctrine and other high profile secret societies. He is not for the people, he is for corporations, and making money for him and his cronies. Not helping any of use americans. Bush is a good puppet.Is Bush have any thing do to with the oil prices?
No, I don't think soIs Bush have any thing do to with the oil prices?
No actually is is determined on the world market. The US dollar has decreased in value significantly over the last few years. Since the dollar is worth less it buys less.
One could argue that BOTH parties are to blame in that neither side has ACTED on passing any energy policies.
One can argue that we are to blame for buying all those mini vans and SUV's, then driving 30 miles to work school everyday.
Also it is really about speculation in addition to supply and demand. You can watch the REAL price changes by going to nymex.com
Oil companies are not gouging us, they are paying more for oil now too(and make less profit then the banking, insurance, and financial industries) and it is not some government conspiracy.
Hope I helped...The price stinks I know but we really only have a free world market for oil to blame.
Bush is well vested in the oil industry. He doesn't run the whole operation,however he has created the climate where such greed has free reign.War in Iraq =impact through fear and speculation. There is supposedly a price cap on things like this yet prices keep going up.Question everything and do your research. Peace.
Indirectly. His actions have an affect on the global economy which affect oil prices.
Oil is becoming more scarce as well (slowly but surely), and supply economics dictate that it will become more expensive as supplies dwindle.
Saying Bush is responsible is naive. Saying the actions of a president do not affect the value of oil is also naive. So its not super simple. The action of the war in Iraq are certainly linked to high oil prices. So are the actions of OPEC, and the forces of supply and demand.
Just to stay away from bombarding oil fields.
If you read articles and listen to news, then, you know that Bush family owns an oil company. Also, Cheney has an oil company too. So, your question is obsolete.
No, the oil companies decide prices. Bush cant do anything about it.
I think questions like these are why we need to do a better job of teaching basic economics.
The short answer is ';no';.
No president has anything to do with oil prices.
Oil is a commodity. Commodities are traded. Supply of the commodity versus the demand for it determines the price it is traded at. Other economic conditions can affect the ';futures'; price of a commodity.
Asking if President Bush has anything to do with oil prices is akin to asking if President Bush has anything to do with the price of soybeans.
Some good beginner financial information, including basic economics can be found all over the web. I've included some good resources below. Motley Fool requires free registration. Other sources might be classified opinion columns, however, they are written by recognized experts in the field. The social studies for kids link provides a good primer.
Best of luck in your genuine search for answers.
What was the price of a barrel of oil in 1940?
For 1940, the prices of crude oil per barrel are as follows:
Nominal Price: US$1.02
Real Value (2004): US$13.71
The real value is more important, as it adjusts for inflation, thus enabling historical comparisons.What was the price of a barrel of oil in 1940?
Oil Price $/Barrel
$1.02
Nominal Price: US$1.02
Real Value (2004): US$13.71
The real value is more important, as it adjusts for inflation, thus enabling historical comparisons.What was the price of a barrel of oil in 1940?
Oil Price $/Barrel
$1.02
Saturday, August 21, 2010
George Bush was blamed for rising oil prices. Will Barack Obama be blamed for rising oil prices?
They (Democrats) like they always do will blame BushGeorge Bush was blamed for rising oil prices. Will Barack Obama be blamed for rising oil prices?
Obama will never be blamed for anything he does. His cult followers will worship him as he destroys the U.S.
Obama has already placed unbearable debt upon our great grandchildren.
Obama has weakened our military.
Obama has stolen control of private industry.
Obama openly threatens executives to make them cooperate with his takeovers.
Obama has destroyed our intelligence efforts at a time they are badly needed.
Obama has pledged to remove our means of nuclear defense while our enemies are ramping theirs up.
Obama is determined to destroy the U.S. militarily, socially, and economically. This is his real agenda. Any thinking person could see this.
Bush kept the U.S. safe. Obama is a terrorist attack from within.
The Obama cult followers would actually drink real poison kool aid if he told them to.George Bush was blamed for rising oil prices. Will Barack Obama be blamed for rising oil prices?
He will by uninformed trouble making right wingers who are just plan sore losers.
The truth of the matter is that George W. Bush is still one of Mobil/Exxon's largest stock-holders so when he barks out ';Raise the prices'; Mobil/Exxon jumps to his command, and of course the other puppy-dog oil companies drool at the profits that Mobil/Exxon is raking in, so they try to be copy cats too.
.
No.
Here is the reasoning. George Bush created 2 oversea wars for American people without the chances of winning by spending trillions of dollars.
In addition, he totally neglected nation's economy for 8 years during his watch.
Also, GWB added trillions dollar into nation's deficit by borrowing huge amount of money from communist China.
All those factors have devalued US dollar and opened the door for high interest rate and inflation. As a result, the oil and commodity prices keep going up. Another words, Obama just inherited the mess from GWB.
Think about this. Where does the Bushes get most of their money? YUP..oil. And here is a question for you, if you can find the answer you will be very surprised and enlightened. Who do you think financed a lot of Bushes failed business ventures? Do some research and there is part of the answer to your question.
Of course if the price of oil went up, it benefited the Bushes. If the price of oil continues to go up now, how will Obama benefit personally? Come on people, use some common sense.
Belle
I didn't blame Bush II, I blamed the oil speculators and oil companies. What the Dems wanted was a tax on the windfall profits made by the oil interests during the run-up. This could have been reinvested in alternative energy supplies to make us energy independence of the Bush's good buddies, the House of Saud.
The Pubes are agin' all taxes, new and old, because they want unfettered free market, and the best way to ensure this is to starve the beast. If Obama has the guts to propose a windfall profits tax on the oil empire, as he did on the stump, he's my man. If not, he's yours.
What does Ex-Dictator Bush or Barrrrrrack Obama have anything to do with oil prices? Ok, once again, for the msnbc and fox mainstream media mind controlled americans, and i dont mean to be offensive nor cute, its a fact or at least my strong opinion that this countries? government/dictatorship/facist/ type of government we are transitioning into, least of which is a free democratic society!, its government has little or nothing to do with OIL PRICES! The Presidents are merely puppets/a figurehead, a man in a clown suit,whos job is to take the blame for these atrosities, for the sole reason that the people in this country have bought into this LIE and manipulation that he is ';in charge';, when he ISNT. The ';BUILDERBERG GROUP';, 'ILLUMANATI';. N.W.O, or more specifically, ';the richest billionairs and corporations globally, who want and most likely will seize control of this NORTH AMERICAN CONTINENT, which will be called the N.A.U., U=UNION, provided that a rather large group of disciplined or un-complaciant Americans get angry that all of there freedoms, the few rest, will be stripped of them, merged with canada and mexico,taken by force to a local F.E.M.A. camp, stamped , D.N.A. tested for organ harvesting for future rich person/s, and put into a forced labor camp, just like china has been for the last 20 years. Think im kidding? look around , a few of the freedoms you used to have MISSING? ? ? Get with it or get used to being a individual you have seen in Dakau or Achwitz in a old www2 film, that will or possible may be you in a few months/years? doubt me, read my sources!!!
oh! someone asked this question yesterday. hold please, and ill copy and paste my answer. brb....
OK, I'm back and here's my answer:
Oh, please believe, I AM looking at him sideways about these gas prices goin up again. If he doesn't get it together, I will be talkin junk about him, in regards to gas, the same way I did Bush.
Fair question, honest answer.
But on the flip side: U guys did insist that Bush had nothing to do with the gas prices. That being said, Obama doesn't either. so, i guess ur right. lol
not sure who's responsible for rising oil prices, but I wish they would knock it off. if Americans had any brains they would get rid of the oil and start using alternatives. remember that line ' it takes a village ' no one can do it alone, wake-up.
Well, part of the difference is Obama said during the campaign that he thought $5/gallon gas was a good idea, but he wished it hadn't gone up so quickly. So, why should Obama care about expensive gas - its the energy policy he wants and what the country voted for. Yay $5 gas!!
How could you blame Obama for anything.?.He is trying so hard to help people. I dont understand why people have a problem with Obama. People are just never happy are they? Or at least republicans are never happy.As long as there is a democrat as a president all repulicans are going to be crying about it.
every summer gas prices climb, last year was worse because bush invaded iraq, destabilizing the entire region....it was his war.....his decision. obama is trying to clean up his mess. congress isnt helping either, but then, they never do.
People who blamed Bush for oil prices going up were quite stupid. Same for the ones who blame Obama for it now. Oil prices have nothing to do with the President of the USA.
NO ! However ; Uhbama will be blamed , as he should be . for the rising of the North Korean %26amp; Iranian nuclear guilded missiles....
Well considering that the first thing Obama did when he took office was cancel numerous drilling contracts there is some merit to his being blamed.
Probably not. He and the Democrats will find some way to blame it on someone (anyone?) else.
Probably on Bush.
Off course not, he'll blame Bush because he lives in Texas!!!!!
Excuses, excuses, excuses...come to think of it, that's the only thing BO does....make excuses!
If he does not do anything about it in the next 8 years except make it worse then yes. If there is major progress on alternative fuels in the next 8 years then no.
No. Obama has a free pass on everything.
DTG
More defend Bush rhetoric? He practically turned the U.S. into a third world country. This guy must be like Dracula. You have to drive a stake through his heart to set people free of his spell.
Don't you realize Obama is already being blamed for everything?
HIS FOLLOWERS WILL STILL BLAME GEORGE FOR ALL THE TROUBLES.IT WILL ALL BE GEORGE FOR THEM.
脴bama will never be blamed by the media.
of course not its barack obama they will never accuse him of anything he is black what do you think
Isnt that exactly what your doing?
BTW its speculators just like it was when Bushie was there.
No Body is responsible.
No, it will be Bush's fault until obama takes his last breath
Helllllllllllllllllllllllllllll NO!
No, its all still Bush's fault.
0bama can do no wrong.
Of course not.
No the left will not allow their president to be held personally responsible for anything other than the lie of ';promise and change';soft lips
Obama will never be blamed for anything he does. His cult followers will worship him as he destroys the U.S.
Obama has already placed unbearable debt upon our great grandchildren.
Obama has weakened our military.
Obama has stolen control of private industry.
Obama openly threatens executives to make them cooperate with his takeovers.
Obama has destroyed our intelligence efforts at a time they are badly needed.
Obama has pledged to remove our means of nuclear defense while our enemies are ramping theirs up.
Obama is determined to destroy the U.S. militarily, socially, and economically. This is his real agenda. Any thinking person could see this.
Bush kept the U.S. safe. Obama is a terrorist attack from within.
The Obama cult followers would actually drink real poison kool aid if he told them to.George Bush was blamed for rising oil prices. Will Barack Obama be blamed for rising oil prices?
He will by uninformed trouble making right wingers who are just plan sore losers.
The truth of the matter is that George W. Bush is still one of Mobil/Exxon's largest stock-holders so when he barks out ';Raise the prices'; Mobil/Exxon jumps to his command, and of course the other puppy-dog oil companies drool at the profits that Mobil/Exxon is raking in, so they try to be copy cats too.
.
No.
Here is the reasoning. George Bush created 2 oversea wars for American people without the chances of winning by spending trillions of dollars.
In addition, he totally neglected nation's economy for 8 years during his watch.
Also, GWB added trillions dollar into nation's deficit by borrowing huge amount of money from communist China.
All those factors have devalued US dollar and opened the door for high interest rate and inflation. As a result, the oil and commodity prices keep going up. Another words, Obama just inherited the mess from GWB.
Think about this. Where does the Bushes get most of their money? YUP..oil. And here is a question for you, if you can find the answer you will be very surprised and enlightened. Who do you think financed a lot of Bushes failed business ventures? Do some research and there is part of the answer to your question.
Of course if the price of oil went up, it benefited the Bushes. If the price of oil continues to go up now, how will Obama benefit personally? Come on people, use some common sense.
Belle
I didn't blame Bush II, I blamed the oil speculators and oil companies. What the Dems wanted was a tax on the windfall profits made by the oil interests during the run-up. This could have been reinvested in alternative energy supplies to make us energy independence of the Bush's good buddies, the House of Saud.
The Pubes are agin' all taxes, new and old, because they want unfettered free market, and the best way to ensure this is to starve the beast. If Obama has the guts to propose a windfall profits tax on the oil empire, as he did on the stump, he's my man. If not, he's yours.
What does Ex-Dictator Bush or Barrrrrrack Obama have anything to do with oil prices? Ok, once again, for the msnbc and fox mainstream media mind controlled americans, and i dont mean to be offensive nor cute, its a fact or at least my strong opinion that this countries? government/dictatorship/facist/ type of government we are transitioning into, least of which is a free democratic society!, its government has little or nothing to do with OIL PRICES! The Presidents are merely puppets/a figurehead, a man in a clown suit,whos job is to take the blame for these atrosities, for the sole reason that the people in this country have bought into this LIE and manipulation that he is ';in charge';, when he ISNT. The ';BUILDERBERG GROUP';, 'ILLUMANATI';. N.W.O, or more specifically, ';the richest billionairs and corporations globally, who want and most likely will seize control of this NORTH AMERICAN CONTINENT, which will be called the N.A.U., U=UNION, provided that a rather large group of disciplined or un-complaciant Americans get angry that all of there freedoms, the few rest, will be stripped of them, merged with canada and mexico,taken by force to a local F.E.M.A. camp, stamped , D.N.A. tested for organ harvesting for future rich person/s, and put into a forced labor camp, just like china has been for the last 20 years. Think im kidding? look around , a few of the freedoms you used to have MISSING? ? ? Get with it or get used to being a individual you have seen in Dakau or Achwitz in a old www2 film, that will or possible may be you in a few months/years? doubt me, read my sources!!!
oh! someone asked this question yesterday. hold please, and ill copy and paste my answer. brb....
OK, I'm back and here's my answer:
Oh, please believe, I AM looking at him sideways about these gas prices goin up again. If he doesn't get it together, I will be talkin junk about him, in regards to gas, the same way I did Bush.
Fair question, honest answer.
But on the flip side: U guys did insist that Bush had nothing to do with the gas prices. That being said, Obama doesn't either. so, i guess ur right. lol
not sure who's responsible for rising oil prices, but I wish they would knock it off. if Americans had any brains they would get rid of the oil and start using alternatives. remember that line ' it takes a village ' no one can do it alone, wake-up.
Well, part of the difference is Obama said during the campaign that he thought $5/gallon gas was a good idea, but he wished it hadn't gone up so quickly. So, why should Obama care about expensive gas - its the energy policy he wants and what the country voted for. Yay $5 gas!!
How could you blame Obama for anything.?.He is trying so hard to help people. I dont understand why people have a problem with Obama. People are just never happy are they? Or at least republicans are never happy.As long as there is a democrat as a president all repulicans are going to be crying about it.
every summer gas prices climb, last year was worse because bush invaded iraq, destabilizing the entire region....it was his war.....his decision. obama is trying to clean up his mess. congress isnt helping either, but then, they never do.
People who blamed Bush for oil prices going up were quite stupid. Same for the ones who blame Obama for it now. Oil prices have nothing to do with the President of the USA.
NO ! However ; Uhbama will be blamed , as he should be . for the rising of the North Korean %26amp; Iranian nuclear guilded missiles....
Well considering that the first thing Obama did when he took office was cancel numerous drilling contracts there is some merit to his being blamed.
Probably not. He and the Democrats will find some way to blame it on someone (anyone?) else.
Probably on Bush.
Off course not, he'll blame Bush because he lives in Texas!!!!!
Excuses, excuses, excuses...come to think of it, that's the only thing BO does....make excuses!
If he does not do anything about it in the next 8 years except make it worse then yes. If there is major progress on alternative fuels in the next 8 years then no.
No. Obama has a free pass on everything.
DTG
More defend Bush rhetoric? He practically turned the U.S. into a third world country. This guy must be like Dracula. You have to drive a stake through his heart to set people free of his spell.
Don't you realize Obama is already being blamed for everything?
HIS FOLLOWERS WILL STILL BLAME GEORGE FOR ALL THE TROUBLES.IT WILL ALL BE GEORGE FOR THEM.
脴bama will never be blamed by the media.
of course not its barack obama they will never accuse him of anything he is black what do you think
Isnt that exactly what your doing?
BTW its speculators just like it was when Bushie was there.
No Body is responsible.
No, it will be Bush's fault until obama takes his last breath
Helllllllllllllllllllllllllllll NO!
No, its all still Bush's fault.
0bama can do no wrong.
Of course not.
No the left will not allow their president to be held personally responsible for anything other than the lie of ';promise and change';
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