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
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