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.