Crude oil prices are set by traders on the international market. The speculate based on demand. So, if you want to point a finger, look in the mirror.Oil Prices?
Oil prices are different in different countries. Which country are you talking about?!Oil Prices?
Crazy and insane!!!!Gas in Saudia Arabia is only 25 cents a gallon..We are stupid to allow all of this
u from where which country ?
Monday, August 23, 2010
Oil prices: Are people really that stupid?
People cry about oil prices, but think back in the 60's and 70's when cars got 5-15 mpg. Some cars would make it up to 20-30 mpg, and the cost of a gallon of gas was under a dollar, but the economy, cost of living, and price tags were lower. When was it actually cheaper?
Then: at a dollar per gallon to go 60 miles would cost between 4-5 dollars.
Now: at 2.50 per gallon to go 60 miles WOW! 4-5 dollars!!!! With a higher minimum wage even!!
Now we have cars that can get up to 80 mpg... If you're one of these people who still have a car that get 5-15 mpg you're the problem! Not the US! Get a better job and buy a better car! I know alot of people under 23 who pays for their own 30 mpg+ cars. My mommy and daddy aren鈥檛 rich, but I have a car that gets a good 40 mpg that I paid for myself while I鈥檓 in college!
I'm tired of people pointing fingers at politics because of oil prices. It's called inflation! Should we complain about the high cost of milk and it's less and less qualityOil prices: Are people really that stupid?
I think you are right, kudos to you !Oil prices: Are people really that stupid?
Common Sense and the Free Market under control of supply and Demand..., But ignorance is blind...nice speech. Report Abuse
Planned obsolescence (Not sure if I spelled that right) is a design made to specifically brake down material parts faster than they should or have too. Car companies Oil companies, even hospitals and Big pharmacy love this. I was talking with a German engineer who swore to me that we already had the technology to create a care that got 300 mpg. Yes 300 miles per gallon. He said that people were so conditioned to believe whatever they where told that they could not see the obvious. He pointed out to me that we can send a man on the moon, THE MOON. If we can do this making better cars is child's play. However there would be a major decrease in money and the economy if no one had to repair their car's or at least rarely had to. By the way, at best you will find maybe 35 mpg with the best of Toyota's. What care do you own? HAHAHAHAHAHAHAH.
Well it is politics. It is people getting rich. I do believe in a more economical car that doesn't burn as much. However i don't mind paying 10 a gallon if it will get us off the dependance of it. No one car pools, No one wants to clean their car up and get rid of excess weight. Mini vans with children things that look like rolling romper rooms, Cowboy wanna be's who have to have a 3 ton car because their pennis is small. you get the pic. Its politics.
im tired of your ignorant remakrs fool. this whole thing is crap and so are you
you have no foot to stand on let alone lack a TON of information.
first off.....cars on average in the 70's got 19mpg.....and cars today get the same 19mpg.
there is no such thing as a car that gets 80mpg and if you REALLY believe the sticker on your car and you believe you get 40mpg...then you keep living that fantasy. See most already know that those stickers lie and all auto makers lie on what the true gas mileage is.
take the time for at least 3 complete tank ups, track your miles, price you paid, etc and figure it out for yourself. I will bet that it won't be over 32mpg if you are lucky. and all these friends of yours that drive 30+ mpg cars....again....do the same math and you'll realize that these cars are only getting about 22 mpg....gee....3 mpg more than the avg from 70's and today.
the problem is you have taken at face value the info that is fed to you instead of actually doing some homework to find out the real truth.
and I am sure you are one that believes its okay to be in iraq to build this new secret oil pipeline that Cheney wants at the cost of thousands of our boys and over 150,000 INNOCENT iraqi's. why are they doing this? cause they realize the coast along texas and new orleans isn't gonna be able to be used soon due to wet lands disappearing. this is where all the oil companies are now. iraq is nothing but a new home base for them, that is the whole goal.
so why not take it a step farther and get off your so called high horse and actually get rid of the gas car and start walking...specially if you are in college. if all college kids alone ditched their cars and walked on campus like they should.....gas would drop down to around $1.15 per gallon. its the same reason why gas dropped almost 80 cents after summer was over....it wasn't cause there is an increase in demand in summer but all the high school kids our just driving around doing nothing...that wastes gas and in turn drives the price up. when they go back to school every fall, the price drops right in line with them.
let alone why should we still be on gas cars anyways? are you telling me that college kids can't come up with a new way of transportation or a new fuel source? my age group of mid 30's has a ton of ideas but the youth is who is suppose ot do the changes. so where is your generation at? off complaining and bitching instead of actually doing something.
There's no sense in me complaining, it looks like you have all the answers! Can you name the cars that got 5-15 MPG? I lived then and I can't...did you just make up these figures to get your point across? Owned. Check again.
Touche'
Sure you can buy a hybrid that gets 60mpg for about $50,000 on up. It would take many years to pay that of even if gas was cheaper. Before paying off your car it would break down too lol.
Hi Laura B didn't think I would recognize you did you ? how can I ever forget?
Is that really you, NONAME?
I really do like you-even if you don't like me!
BTW I happen to agree with you.
STOP DRIVING
People who drive EVERYWHERE THEY GO, ONE PERSON PER CAR -
YOU ARE ALL THE PROBLEM
And it isn't the COST of gas my friends, it's the fact the WORLD IS RUNNING OUT OF FOSSIL FUELS IN OUR LIFETIME!
So everyone who drives is contributing to the problem. Everyone who uses plastics is the problem. Everyone who eats NON-LOCAL, NON-ORGANIC food is the problem!
This is the dumbest argument I have ever seen. To say that gas prices have nothing to do with politics is asinine. Foreign and domestic policy has everything to do with politics. I suppose you are one of those people who think that we shouldn't go to war to protect freedom and democracy and to help other oppressed societies in other countries. How can you sit there and say that rising gas prices are merely caused by inflation when Exxon Mobil made the number one spot in the top most profitable companies in fortune 500? If inflation was the problem then this wouldn't be the case. What makes me mad is when people sit there and complain about things, but don't take an active role in trying to change it. Let's boycott the black gold distributors and then I bet you'll see the cost of gas start going down.
I didn't read your whole question, but I can say yes, people are stupid.
shutup, get a life.
Good job with the logic and the milk analogy. I agree with you on both points but here are those who are suffering because of high energy costs..
How about the rising cost of a cup of coffee, Starbucks and the like are raking in tons of money.
In 1967, I got a new Datsun. It held 10 gallons of gas. On the hwy it got 23 mi/gallon; range...230 miles. When the car was almost empty..like running on fumes, the cost of a fill up might have cost me as much as $3.00.
Now I'm tooling around in a 1995 Hyundai. The car gets 44mi/gallon hwy with a range of over 400 miles. (11 gallon tank). How much does it cost to fill it up at todays prices?
According to people in the know,there is no oil shortage,and oil doesn't come from dead dinosaurs. It is all politics and greed.
. . . . . . . . the preceding was brought to you by the:
';Help cover Bush's a s s'; committee of the minority republican party and paid for by the '; Bush oil for billionaires ';.
The above statements supporting the vulgar gross profit by the bush oil cartel are not the opinions of this answerer or Yahoo answers.
Would your name by chance be Laura B - - -?
Darryl S.
Get a life girl!!if you are so rich that you can't feel the pain of others,than you need to zip it ok??
It's always George W.'s Fault :)
You are right.
you're right about those who complain about oil prices. Gas is CHEAP. Some of the cheapest in the world. And- that's the problem- it's so cheap that all the alternatives are just a little more expensive. If gas were taxed more heavily (it's been at 18.5 cents/gallon for over 20 years) people would be motivated to use less of it... and auto companies would build the products that people wanted to buy.
With gas so cheap... of course we're all driving 300hp SUVs! that's only about $1500 per year on gas... less than we spend at Starbucks.
As for 80mpg cars only one year away... well- I haven't seen that yet.
Unfortunately, they are that stupid. Most people using cars today(in the U.S.) have grown up to believe they have a right to cheap gas, not even remotely understanding the price our country(and other countries) have to pay to make this so.
What cars make 80 mpg? We got better mileage out of cars back in the early 80's then we do today.
You have some nerve telling people to go out and get better jobs. They just aren't out there, spoiled much? Besides, wheres the question? Or were you just looking to insult?
***********************
';Now we have cars that can get up to 80 mpg';
';Next Gen. cars are being looked at to have 80 mpg. Next Gen is next year!';
Which is it, you can't have it both ways. I'll believe it when I see it. And if it ever happens, it won't be available to the middle class for quite some time.eyeshadow color
Then: at a dollar per gallon to go 60 miles would cost between 4-5 dollars.
Now: at 2.50 per gallon to go 60 miles WOW! 4-5 dollars!!!! With a higher minimum wage even!!
Now we have cars that can get up to 80 mpg... If you're one of these people who still have a car that get 5-15 mpg you're the problem! Not the US! Get a better job and buy a better car! I know alot of people under 23 who pays for their own 30 mpg+ cars. My mommy and daddy aren鈥檛 rich, but I have a car that gets a good 40 mpg that I paid for myself while I鈥檓 in college!
I'm tired of people pointing fingers at politics because of oil prices. It's called inflation! Should we complain about the high cost of milk and it's less and less qualityOil prices: Are people really that stupid?
I think you are right, kudos to you !Oil prices: Are people really that stupid?
Common Sense and the Free Market under control of supply and Demand..., But ignorance is blind...nice speech. Report Abuse
Planned obsolescence (Not sure if I spelled that right) is a design made to specifically brake down material parts faster than they should or have too. Car companies Oil companies, even hospitals and Big pharmacy love this. I was talking with a German engineer who swore to me that we already had the technology to create a care that got 300 mpg. Yes 300 miles per gallon. He said that people were so conditioned to believe whatever they where told that they could not see the obvious. He pointed out to me that we can send a man on the moon, THE MOON. If we can do this making better cars is child's play. However there would be a major decrease in money and the economy if no one had to repair their car's or at least rarely had to. By the way, at best you will find maybe 35 mpg with the best of Toyota's. What care do you own? HAHAHAHAHAHAHAH.
Well it is politics. It is people getting rich. I do believe in a more economical car that doesn't burn as much. However i don't mind paying 10 a gallon if it will get us off the dependance of it. No one car pools, No one wants to clean their car up and get rid of excess weight. Mini vans with children things that look like rolling romper rooms, Cowboy wanna be's who have to have a 3 ton car because their pennis is small. you get the pic. Its politics.
im tired of your ignorant remakrs fool. this whole thing is crap and so are you
you have no foot to stand on let alone lack a TON of information.
first off.....cars on average in the 70's got 19mpg.....and cars today get the same 19mpg.
there is no such thing as a car that gets 80mpg and if you REALLY believe the sticker on your car and you believe you get 40mpg...then you keep living that fantasy. See most already know that those stickers lie and all auto makers lie on what the true gas mileage is.
take the time for at least 3 complete tank ups, track your miles, price you paid, etc and figure it out for yourself. I will bet that it won't be over 32mpg if you are lucky. and all these friends of yours that drive 30+ mpg cars....again....do the same math and you'll realize that these cars are only getting about 22 mpg....gee....3 mpg more than the avg from 70's and today.
the problem is you have taken at face value the info that is fed to you instead of actually doing some homework to find out the real truth.
and I am sure you are one that believes its okay to be in iraq to build this new secret oil pipeline that Cheney wants at the cost of thousands of our boys and over 150,000 INNOCENT iraqi's. why are they doing this? cause they realize the coast along texas and new orleans isn't gonna be able to be used soon due to wet lands disappearing. this is where all the oil companies are now. iraq is nothing but a new home base for them, that is the whole goal.
so why not take it a step farther and get off your so called high horse and actually get rid of the gas car and start walking...specially if you are in college. if all college kids alone ditched their cars and walked on campus like they should.....gas would drop down to around $1.15 per gallon. its the same reason why gas dropped almost 80 cents after summer was over....it wasn't cause there is an increase in demand in summer but all the high school kids our just driving around doing nothing...that wastes gas and in turn drives the price up. when they go back to school every fall, the price drops right in line with them.
let alone why should we still be on gas cars anyways? are you telling me that college kids can't come up with a new way of transportation or a new fuel source? my age group of mid 30's has a ton of ideas but the youth is who is suppose ot do the changes. so where is your generation at? off complaining and bitching instead of actually doing something.
There's no sense in me complaining, it looks like you have all the answers! Can you name the cars that got 5-15 MPG? I lived then and I can't...did you just make up these figures to get your point across? Owned. Check again.
Touche'
Sure you can buy a hybrid that gets 60mpg for about $50,000 on up. It would take many years to pay that of even if gas was cheaper. Before paying off your car it would break down too lol.
Hi Laura B didn't think I would recognize you did you ? how can I ever forget?
Is that really you, NONAME?
I really do like you-even if you don't like me!
BTW I happen to agree with you.
STOP DRIVING
People who drive EVERYWHERE THEY GO, ONE PERSON PER CAR -
YOU ARE ALL THE PROBLEM
And it isn't the COST of gas my friends, it's the fact the WORLD IS RUNNING OUT OF FOSSIL FUELS IN OUR LIFETIME!
So everyone who drives is contributing to the problem. Everyone who uses plastics is the problem. Everyone who eats NON-LOCAL, NON-ORGANIC food is the problem!
This is the dumbest argument I have ever seen. To say that gas prices have nothing to do with politics is asinine. Foreign and domestic policy has everything to do with politics. I suppose you are one of those people who think that we shouldn't go to war to protect freedom and democracy and to help other oppressed societies in other countries. How can you sit there and say that rising gas prices are merely caused by inflation when Exxon Mobil made the number one spot in the top most profitable companies in fortune 500? If inflation was the problem then this wouldn't be the case. What makes me mad is when people sit there and complain about things, but don't take an active role in trying to change it. Let's boycott the black gold distributors and then I bet you'll see the cost of gas start going down.
I didn't read your whole question, but I can say yes, people are stupid.
shutup, get a life.
Good job with the logic and the milk analogy. I agree with you on both points but here are those who are suffering because of high energy costs..
How about the rising cost of a cup of coffee, Starbucks and the like are raking in tons of money.
In 1967, I got a new Datsun. It held 10 gallons of gas. On the hwy it got 23 mi/gallon; range...230 miles. When the car was almost empty..like running on fumes, the cost of a fill up might have cost me as much as $3.00.
Now I'm tooling around in a 1995 Hyundai. The car gets 44mi/gallon hwy with a range of over 400 miles. (11 gallon tank). How much does it cost to fill it up at todays prices?
According to people in the know,there is no oil shortage,and oil doesn't come from dead dinosaurs. It is all politics and greed.
. . . . . . . . the preceding was brought to you by the:
';Help cover Bush's a s s'; committee of the minority republican party and paid for by the '; Bush oil for billionaires ';.
The above statements supporting the vulgar gross profit by the bush oil cartel are not the opinions of this answerer or Yahoo answers.
Would your name by chance be Laura B - - -?
Darryl S.
Get a life girl!!if you are so rich that you can't feel the pain of others,than you need to zip it ok??
It's always George W.'s Fault :)
You are right.
you're right about those who complain about oil prices. Gas is CHEAP. Some of the cheapest in the world. And- that's the problem- it's so cheap that all the alternatives are just a little more expensive. If gas were taxed more heavily (it's been at 18.5 cents/gallon for over 20 years) people would be motivated to use less of it... and auto companies would build the products that people wanted to buy.
With gas so cheap... of course we're all driving 300hp SUVs! that's only about $1500 per year on gas... less than we spend at Starbucks.
As for 80mpg cars only one year away... well- I haven't seen that yet.
Unfortunately, they are that stupid. Most people using cars today(in the U.S.) have grown up to believe they have a right to cheap gas, not even remotely understanding the price our country(and other countries) have to pay to make this so.
What cars make 80 mpg? We got better mileage out of cars back in the early 80's then we do today.
You have some nerve telling people to go out and get better jobs. They just aren't out there, spoiled much? Besides, wheres the question? Or were you just looking to insult?
***********************
';Now we have cars that can get up to 80 mpg';
';Next Gen. cars are being looked at to have 80 mpg. Next Gen is next year!';
Which is it, you can't have it both ways. I'll believe it when I see it. And if it ever happens, it won't be available to the middle class for quite some time.
Oil Prices causing war?
It seems like the higher oil prices go-the worse the fighting gets in the MIDDLE EAST. Are high oil prices accelerating middle east conflict? What will this lead to?Oil Prices causing war?
Actually, right now it's the war causing them to be high.Oil Prices causing war?
Its the other way around.
Unrest, uncertainty, crisis increase today's demand for commodities like oil because of the risk that tomorrow's production could be less (due to damage, or embargo, or retaliatory cuts in supply)... thus pushing up higher prices. Fear mongering and speculators drive the price yet higher.
I don't even want to think about it. Can't be good.
it is the american policy to blame or is it the paln of iraqi saddam to use euros as their monetary to deal inernational and to have dollars plummet to the ground
so wait, you think that oil prices are somehow affecting hezbhalla's decision to attack israel and israel's decision to retaliate and then hezbholla's re-retaliation and ...?
What? I don't see any connection. Neither hezbholla nor israel have control of large quantities of oil, nor are they major consumers (with respect to global economies) of oil.
Actually, right now it's the war causing them to be high.Oil Prices causing war?
Its the other way around.
Unrest, uncertainty, crisis increase today's demand for commodities like oil because of the risk that tomorrow's production could be less (due to damage, or embargo, or retaliatory cuts in supply)... thus pushing up higher prices. Fear mongering and speculators drive the price yet higher.
I don't even want to think about it. Can't be good.
it is the american policy to blame or is it the paln of iraqi saddam to use euros as their monetary to deal inernational and to have dollars plummet to the ground
so wait, you think that oil prices are somehow affecting hezbhalla's decision to attack israel and israel's decision to retaliate and then hezbholla's re-retaliation and ...?
What? I don't see any connection. Neither hezbholla nor israel have control of large quantities of oil, nor are they major consumers (with respect to global economies) of oil.
What will be the economic impact !!! when oil prices climbs above 100 us a barrel?
economic; social consequences%26gt;and world pricesWhat will be the economic impact !!! when oil prices climbs above 100 us a barrel?
Oil drivers transportation and as of today, nothing can be teletransported. So, we are looking at everything going up in price. If the US government tries to bail out the American people, it will do so by printing more money.
This will exponentially increase prices as the inflation will be greater. People will stop buying goods because they are too expensive. Then, people who make these goods will lose their jobs. When people lose their jobs, productions will lower, and more people will lose their jobs.
People with high debt will divorce or commit suicide. We will forced take lower paying-jobs... So, the illegals we make fun of or hate so much will be there next to us working the same jobs.
We did it to ourselves. We lived frivolous lives, consuming foreign oil, and did not save. We are screwed. Oil will take us down.What will be the economic impact !!! when oil prices climbs above 100 us a barrel?
well, there are many things to consider.
first, 100$ will equate to about 60 euros and 50 pounds, so in relative terms and looking at the intrinsic value, the oil price isnt that high.
the most worrying thing at the moment is not a barrel at 100$, but a euro at 1.6 dollar or a pound at over 2.5 dollars. this shakes badly the world economic balance and will cause some serious imbalance in the world economy.
Virtually none. When it approaches $300/barrel then we're in trouble.
The Rich will get Richer.
Its possible it may send us into a recession. We have not gone into recession yet because the low interest rates %26amp; low taxes has kept our economy very good by encouraging consumer spending. Consumer spending prevents recession. So far we have avoided it.
It may also force vehicles manufactures to produce more flex-fuel vehicles.
Funding for Islamo-terrorists will increase as will the power of dictatorial mid east despots...
Oil drivers transportation and as of today, nothing can be teletransported. So, we are looking at everything going up in price. If the US government tries to bail out the American people, it will do so by printing more money.
This will exponentially increase prices as the inflation will be greater. People will stop buying goods because they are too expensive. Then, people who make these goods will lose their jobs. When people lose their jobs, productions will lower, and more people will lose their jobs.
People with high debt will divorce or commit suicide. We will forced take lower paying-jobs... So, the illegals we make fun of or hate so much will be there next to us working the same jobs.
We did it to ourselves. We lived frivolous lives, consuming foreign oil, and did not save. We are screwed. Oil will take us down.What will be the economic impact !!! when oil prices climbs above 100 us a barrel?
well, there are many things to consider.
first, 100$ will equate to about 60 euros and 50 pounds, so in relative terms and looking at the intrinsic value, the oil price isnt that high.
the most worrying thing at the moment is not a barrel at 100$, but a euro at 1.6 dollar or a pound at over 2.5 dollars. this shakes badly the world economic balance and will cause some serious imbalance in the world economy.
Virtually none. When it approaches $300/barrel then we're in trouble.
The Rich will get Richer.
Its possible it may send us into a recession. We have not gone into recession yet because the low interest rates %26amp; low taxes has kept our economy very good by encouraging consumer spending. Consumer spending prevents recession. So far we have avoided it.
It may also force vehicles manufactures to produce more flex-fuel vehicles.
Funding for Islamo-terrorists will increase as will the power of dictatorial mid east despots...
Oil prices fall in Asian trading?
(KiplingerForecasts, Jul 24, 2006) Crude oil prices dropped Monday after the Saudi oil minister said OPEC wanted to avoid fluctuating prices and as U.S. Secretary of State Condoleezza Rice traveled to the Mideast to try to find a diplomatic solution to the violence in Lebanon and Israel.
Light, sweet crude for September delivery was down 22 cents to US$74.21 a barrel in midafternoon Asian electronic trading on the New York Mercantile Exchange.
September Brent on London's ICE Futures exchange lost 20 cents to US$73.55 per barrel.
On Sunday, Saudi Arabian Oil Minister Ali Naimi said the Organization of Petroleum Exporting Countries wanted to avoid ';raising prices in a way that might affect the global economy,'; said.
';OPEC is concerned about the stability in the international market,'; he said after meeting his Nigerian counterpart Edmund Daukoru, who is also president of the 11-member OPEC.
http://www.zoomchina.com.cn/index.php?/content/view/9964/1/Oil prices fall in Asian trading?
As mentioned in Qur'an, oil is consider as a 'black gold'. If we think deep, inhales, shut off our eyes for a minute, can we imagine what's life without it? All nation is now fighting among themselves to conquer oil. Just look at Iraq, look how they've been now, look who attacked them, what their hidden agenda? And how America influenced oil price in market. Think how it affecting our lives.
Think Power. Think Money. Think Oil.
Light, sweet crude for September delivery was down 22 cents to US$74.21 a barrel in midafternoon Asian electronic trading on the New York Mercantile Exchange.
September Brent on London's ICE Futures exchange lost 20 cents to US$73.55 per barrel.
On Sunday, Saudi Arabian Oil Minister Ali Naimi said the Organization of Petroleum Exporting Countries wanted to avoid ';raising prices in a way that might affect the global economy,'; said.
';OPEC is concerned about the stability in the international market,'; he said after meeting his Nigerian counterpart Edmund Daukoru, who is also president of the 11-member OPEC.
http://www.zoomchina.com.cn/index.php?/content/view/9964/1/Oil prices fall in Asian trading?
As mentioned in Qur'an, oil is consider as a 'black gold'. If we think deep, inhales, shut off our eyes for a minute, can we imagine what's life without it? All nation is now fighting among themselves to conquer oil. Just look at Iraq, look how they've been now, look who attacked them, what their hidden agenda? And how America influenced oil price in market. Think how it affecting our lives.
Think Power. Think Money. Think Oil.
Is the world spiraling out of control? Oil prices, Weather, Wars...ect!?
Look...It's bad out there. Nobody argues with that. But there is always going to be hardship in the world. Just keep in mind that the media, while normally very adept at what they do and in my opinion is vital to a free society, can sometimes feed off of paranoia, because fear sells. Take it all with a grain of salt, don't be afraid, and boldly try to change the world for the better by doing whatever you can. That's my advice anyways.Is the world spiraling out of control? Oil prices, Weather, Wars...ect!?
Quick recap of history. Bad, 1929-43. Good 1944-66, Bad 1967-81, Good 1982-99, Bad 2000-........These historic cycles last anywhere from 14-20+ years, so far. My parents never stopped talking about the Great Depression. Wehaven't yet seen the worst this cycle has to offer. Within every bad cycle, there have been four key years. 29,33,39,41; 68,73,74,79; so far, 2001. My guess is 2009 is the next key year, and you already know what they're saying about 2012_(altho, I don't buy it).Is the world spiraling out of control? Oil prices, Weather, Wars...ect!?
the problem governments have one thing in mind which appears to be take as much money and power as you can and sod the little people, cos lets be honest people will complain amongst themselves but when it comes to making a stand their are seldom few who will gather as a group to fight a cause yet they then moan that nobody did anything. At the end of the day it will sort itself out either by people sticking together or us becoming extinct.
There were many on here a few months ago that said global warming and Al Gore were rubbish and yet scientists are now saying that there may be no ice at the North Pole as early as this September. Now who was right.? Oil prices and wars are man made and now it seems more likely that the weather is also.
yeah, i think we have the countries that started this witch hunt in the middle east, like England, USA the list goes on. its funny before the war gas was 1.20 there were no food shortages, no recession , and we weren't living in fear of their being a possible draft
No , it is not out of control..
God is sending a message to the whole world, that the time is short and we need to repent before it is too late..
If you don't believe in God then yes for you it is out of control..
No. The world is fine. Only the chicken littles of the world are spiraling out of control. The rest of us are just fine.
Definately, but thats life for you. Things are always changing, just not for the better at times
The world has always been like this.
War, death, famine, plagues...
I'd say!
Quick recap of history. Bad, 1929-43. Good 1944-66, Bad 1967-81, Good 1982-99, Bad 2000-........These historic cycles last anywhere from 14-20+ years, so far. My parents never stopped talking about the Great Depression. Wehaven't yet seen the worst this cycle has to offer. Within every bad cycle, there have been four key years. 29,33,39,41; 68,73,74,79; so far, 2001. My guess is 2009 is the next key year, and you already know what they're saying about 2012_(altho, I don't buy it).Is the world spiraling out of control? Oil prices, Weather, Wars...ect!?
the problem governments have one thing in mind which appears to be take as much money and power as you can and sod the little people, cos lets be honest people will complain amongst themselves but when it comes to making a stand their are seldom few who will gather as a group to fight a cause yet they then moan that nobody did anything. At the end of the day it will sort itself out either by people sticking together or us becoming extinct.
There were many on here a few months ago that said global warming and Al Gore were rubbish and yet scientists are now saying that there may be no ice at the North Pole as early as this September. Now who was right.? Oil prices and wars are man made and now it seems more likely that the weather is also.
yeah, i think we have the countries that started this witch hunt in the middle east, like England, USA the list goes on. its funny before the war gas was 1.20 there were no food shortages, no recession , and we weren't living in fear of their being a possible draft
No , it is not out of control..
God is sending a message to the whole world, that the time is short and we need to repent before it is too late..
If you don't believe in God then yes for you it is out of control..
No. The world is fine. Only the chicken littles of the world are spiraling out of control. The rest of us are just fine.
Definately, but thats life for you. Things are always changing, just not for the better at times
The world has always been like this.
War, death, famine, plagues...
I'd say!
Oil prices am I stupid but..?
I just heard the price of oil shot up because of this bailout thing. Im thinking they will raise prices for any reason. I mean I get it when a hurricane is offshore and there would be worries there. And Middle East troubles could cause problems. But how does me not able to pay my mortgage effect oil?Oil prices am I stupid but..?
The oil price can be affected by markets, and markets are influenced by world events. If Iran and its neighbors aren't getting along, people get nervous about what will happen next. Will there be embargos? Armed conflict? That starts the speculation going.
I have a feeling today's jump was just nerves. If this economic bailout gets passed, things will calm down and the price of oil return to ';normal'; levels. Oil prices am I stupid but..?
to help collapse the Greenback.
The oil price can be affected by markets, and markets are influenced by world events. If Iran and its neighbors aren't getting along, people get nervous about what will happen next. Will there be embargos? Armed conflict? That starts the speculation going.
I have a feeling today's jump was just nerves. If this economic bailout gets passed, things will calm down and the price of oil return to ';normal'; levels. Oil prices am I stupid but..?
to help collapse the Greenback.
Oil prices?? Any real reason for this?
Can anyone give me a good reason why oil keeps rising?Oil prices?? Any real reason for this?
Multiple reasons:
1. High global demand... This is the primary reason --virtually every global region has been in economic boom in recent years. Oil along with virtually every other commodity has gone up in price a lot. China alone is using about 60% more oil then they used in 2000. It isnt just oil thats gone up a lot. copper, lead, steal, coal, virtually everything has gone up.
2. A weakening US dollar --- though the weaker dollar is helping our exports, it makes imports, including oil, more expensive.
3. Global instability and fear --- Iraq, Iran, Nigeria, Venuzuela, and so on --- this is called the risk premium as companies and traders buy up more oil because fof fear of future supply shortages --- it is estimated that between $20 and $30 per barrel out of the $95 or so fo the cost has been caused by this factor. It was a Nigerian rebel attack that was the final push of oil to get to $100 the other day. (Keep this in mind when considering what to do with Iraq. If the whole country falls into a massive civil war, oil will skyrocket in price).
4. A move towards more government takeovers and regulation --- whether it be US restrictions on offshore and Alaskan drilling, European compliance to the Kyoto Protocol, of state takeovers of oil in Venezuela or Russia, governments around the world are making it increasingly difficult for companies to produce low cost new supplies of oil. Either they are off limits, run by inefficient state companies, where they were not in the past, or they much comply with stricter environmental standards, which raises the price. Companies are also finding it difficult to build new refineries due to regultion. The ones that can build are also holding back because of uncertainty with future carbon emmition taxes or alternative fuel policies. In either case, no one is going to invest billions in a long term project such as an oil refinery when the future is unclear.
5. Easily extractable oil is running out --- outside of OPEC, most new sources of oil that are allowed by governments to be tapped are more expensive. For instance, there is a ton of oil in Alberta in the oil sands, and in the Western US in the Shale oil, but both of these sources are not conventional and cost a lot more to extract.
6.A time lag on investment projects -- the low prices of the late nineties caused oil companies to spend less on investment for future production. They have only started ramping up in the last few years, but it take long time for new projects to come on line.
7. Trader speculation --- because prices have gone up so much, many traders speculate it will go up further, so futures contracts are bought for investment purposes. However, this oil is not actually used and at some point, either all at once or gradually over time, these contracts will have to be sold. So right now, the price is higher then what supply and demand would indicate, but at some time in the future, the price will be lower then what supply and demand would indicate.
8 OPEC --- Usualy, they do not like to have the price this high because it will induce substitutes and potentialy cause global recsssion; both f which will ultimately hurt them. However, as explained above with the booming global demand and the low prices of the late ninetees, OPEC too did not invest enough in future production (for todays demand), so a couple of years ago they lost cotrol of the price. They no longer had any reserve capacity to increase production. They do have some now, though still quite little, and mst of it is in saudi arabia; however, they got used to these higher prices and for the time being it doesnt seem to be destryong the world economy. BUt even if they wanted to lower prices, they dont have much spare capacity to bring it down by much.Oil prices?? Any real reason for this?
ask the cartel
basic supply and demand issues- however these are manipulated. China and India have been feeding their need for petroleum products at a rate that out-paces most other nations. This strains the global supply for oil thirsty nations like the U.S.- but not totally. In the US the major oil companies are not only slow to build new and more refineries, but they companies manipulate the available supply of finished products by closing existing refineries. Add to that the fact that the average person would never dream of cutting back on petroleum use by downgrading from a Hummer to a Honda along with the winter-time demands on the heating oil industry and you see that even when OPEC meets or exceeds output quotas there is a bottleneck in supply due to inadequate refineries.
As consumers and economists we really need to cut back our petroleum consumption. Personally I have taken to using a motorcycle any day there isn't ice on the roads to use less and have switched from oil heat to LP gas.
The deterioration and high depreciation of refineries in all the world; this reduce the supply because limit the kinds of petrol that can be processed. Plus the increase in demand by the high rate of growth of many countries.
I need to write a book to explain why!
This is a basic and precise answer!
The higher the demand, the higher the price. The increasing oil price is because of the increasing demand. Of course, many kinds of demand!eyeshadow color
Multiple reasons:
1. High global demand... This is the primary reason --virtually every global region has been in economic boom in recent years. Oil along with virtually every other commodity has gone up in price a lot. China alone is using about 60% more oil then they used in 2000. It isnt just oil thats gone up a lot. copper, lead, steal, coal, virtually everything has gone up.
2. A weakening US dollar --- though the weaker dollar is helping our exports, it makes imports, including oil, more expensive.
3. Global instability and fear --- Iraq, Iran, Nigeria, Venuzuela, and so on --- this is called the risk premium as companies and traders buy up more oil because fof fear of future supply shortages --- it is estimated that between $20 and $30 per barrel out of the $95 or so fo the cost has been caused by this factor. It was a Nigerian rebel attack that was the final push of oil to get to $100 the other day. (Keep this in mind when considering what to do with Iraq. If the whole country falls into a massive civil war, oil will skyrocket in price).
4. A move towards more government takeovers and regulation --- whether it be US restrictions on offshore and Alaskan drilling, European compliance to the Kyoto Protocol, of state takeovers of oil in Venezuela or Russia, governments around the world are making it increasingly difficult for companies to produce low cost new supplies of oil. Either they are off limits, run by inefficient state companies, where they were not in the past, or they much comply with stricter environmental standards, which raises the price. Companies are also finding it difficult to build new refineries due to regultion. The ones that can build are also holding back because of uncertainty with future carbon emmition taxes or alternative fuel policies. In either case, no one is going to invest billions in a long term project such as an oil refinery when the future is unclear.
5. Easily extractable oil is running out --- outside of OPEC, most new sources of oil that are allowed by governments to be tapped are more expensive. For instance, there is a ton of oil in Alberta in the oil sands, and in the Western US in the Shale oil, but both of these sources are not conventional and cost a lot more to extract.
6.A time lag on investment projects -- the low prices of the late nineties caused oil companies to spend less on investment for future production. They have only started ramping up in the last few years, but it take long time for new projects to come on line.
7. Trader speculation --- because prices have gone up so much, many traders speculate it will go up further, so futures contracts are bought for investment purposes. However, this oil is not actually used and at some point, either all at once or gradually over time, these contracts will have to be sold. So right now, the price is higher then what supply and demand would indicate, but at some time in the future, the price will be lower then what supply and demand would indicate.
8 OPEC --- Usualy, they do not like to have the price this high because it will induce substitutes and potentialy cause global recsssion; both f which will ultimately hurt them. However, as explained above with the booming global demand and the low prices of the late ninetees, OPEC too did not invest enough in future production (for todays demand), so a couple of years ago they lost cotrol of the price. They no longer had any reserve capacity to increase production. They do have some now, though still quite little, and mst of it is in saudi arabia; however, they got used to these higher prices and for the time being it doesnt seem to be destryong the world economy. BUt even if they wanted to lower prices, they dont have much spare capacity to bring it down by much.Oil prices?? Any real reason for this?
ask the cartel
basic supply and demand issues- however these are manipulated. China and India have been feeding their need for petroleum products at a rate that out-paces most other nations. This strains the global supply for oil thirsty nations like the U.S.- but not totally. In the US the major oil companies are not only slow to build new and more refineries, but they companies manipulate the available supply of finished products by closing existing refineries. Add to that the fact that the average person would never dream of cutting back on petroleum use by downgrading from a Hummer to a Honda along with the winter-time demands on the heating oil industry and you see that even when OPEC meets or exceeds output quotas there is a bottleneck in supply due to inadequate refineries.
As consumers and economists we really need to cut back our petroleum consumption. Personally I have taken to using a motorcycle any day there isn't ice on the roads to use less and have switched from oil heat to LP gas.
The deterioration and high depreciation of refineries in all the world; this reduce the supply because limit the kinds of petrol that can be processed. Plus the increase in demand by the high rate of growth of many countries.
I need to write a book to explain why!
This is a basic and precise answer!
The higher the demand, the higher the price. The increasing oil price is because of the increasing demand. Of course, many kinds of demand!
Oil Prices?
The oil boys ran a full page ad in major newspapers today explaining how it is not their fault about gas prices.
It is,of course, caused by the price of crude.
However, a large portion of the crude refined here is pumped out of wellls in the Gulf of Mexico, Alaska, ect
So what if OPEC charges $125 bb for oil? The domestic oil is pumped out of OUR public lands!
Chavez charges his own people 12 cents per gallon. Why do we allow Exxon and friends to charge us OPEC prices for our own oil and give them subsidies on top of this?Oil Prices?
Because we are still very very small producers of oil compared to the OPEC countries (if I can find the figures I'll post them here), even if you put all of the non-national oil companies together (Exxon, Chevron, Shell, BP, ConocoPhilips). So we still import a lot more than we produce. Also, because of these high costs of crude oil, production costs have sky-rocketed, so it's also not cheap to get this stuff out of the ground, even out of the Gulf of Mexico.
As a business person, why would anyone in their right mind sell something for $100 where there is plenty of demand for it elswhere at $120.
As far as Chavez is concerned he is an evil dictator, to put it mildly. The national oil company of Veneuzela (PDVSA) is being run into the ground, and is a far cry from a well run oil company. Oil analysts say that it would take the 20 years to get back to the level of production they were at before Chavez took office, so you really cannot compare an artificially regulated market to what we have in the US. They may only pay 12 cents at the pump, but the poverty stricken nation of Venezuela more than makes up for the rest in other ways.Oil Prices?
Because we are not a communist country the way Venezuela is. Because 80% of the known oil reserves are located in the Middle East. Becuase it is incredibly cheap to pump oil out of the ground in the Middle East, not so much in the Gulf of Mexico, because the people of China, India and all around the world are willing to pay $125 a barrel for oil. Because the dumbocrats will not allow drilling in ANWR or offshore. Because dumbocrats will not allow more refineries to be built in our country. Because dumbocrats will not allow more nuclear power plants to built in this country to be able to use less oil. Actually, most people complaining about the high price of oil want us to use less of it. These high prices will cuase people to conserve more and othere to come up with other alternatives. Someting you would understand if you had a basic understanding of economics. Somthing you and most Communists appear not to have. I suggest a re-education camp for you dannyboy.
see my answers and comments to these Q's ---%26gt;
http://answers.yahoo.com/question/index;鈥?/a>
http://answers.yahoo.com/question/index;鈥?/a>
http://answers.yahoo.com/question/index;鈥?/a>
Too many natural resources that are the common property of all American Citizens are being sold for peanuts to a few who turn around and charge us based on their opportunity costs(as if they bought it at the higher prices from other suppliers (like OPEC) outside the US. We are being ripped off twice. When the natural resource is sold to private companues and when we buy it back turned into the products we need! Not to mention the gov't which taxes us on top of everything and the those monies get wasted or not spent for good purposes!
Some people know how to milk supply and demand scarcity situations to perfection! Business School graduates like the ones that ran Enron are everywhere and it is a systemic problem-- the greed and the lack of ethics --as the 5 CEO's from the major oilco's showed us all when they recently testified before Congress. They are rolling in dough and don't give a poop!
Because the needs of a few outweigh the needs of the many
Instead of writing on Yahoo Answers, write to your congressman!
talking about it....would u please answer my Q? http://answers.yahoo.com/question/index?鈥?/a>
it has something got with urs....pleeeease
Something tells me few powerful people are responsible for the supply hitches and hence causing the price hike across the world...
I honestly wish there was something I could do to change something, aside from riding a bike to work every day.
I totally agree. Its just the politics with big business and an open economy.
Walk to work and be grateful for what you have
It is,of course, caused by the price of crude.
However, a large portion of the crude refined here is pumped out of wellls in the Gulf of Mexico, Alaska, ect
So what if OPEC charges $125 bb for oil? The domestic oil is pumped out of OUR public lands!
Chavez charges his own people 12 cents per gallon. Why do we allow Exxon and friends to charge us OPEC prices for our own oil and give them subsidies on top of this?Oil Prices?
Because we are still very very small producers of oil compared to the OPEC countries (if I can find the figures I'll post them here), even if you put all of the non-national oil companies together (Exxon, Chevron, Shell, BP, ConocoPhilips). So we still import a lot more than we produce. Also, because of these high costs of crude oil, production costs have sky-rocketed, so it's also not cheap to get this stuff out of the ground, even out of the Gulf of Mexico.
As a business person, why would anyone in their right mind sell something for $100 where there is plenty of demand for it elswhere at $120.
As far as Chavez is concerned he is an evil dictator, to put it mildly. The national oil company of Veneuzela (PDVSA) is being run into the ground, and is a far cry from a well run oil company. Oil analysts say that it would take the 20 years to get back to the level of production they were at before Chavez took office, so you really cannot compare an artificially regulated market to what we have in the US. They may only pay 12 cents at the pump, but the poverty stricken nation of Venezuela more than makes up for the rest in other ways.Oil Prices?
Because we are not a communist country the way Venezuela is. Because 80% of the known oil reserves are located in the Middle East. Becuase it is incredibly cheap to pump oil out of the ground in the Middle East, not so much in the Gulf of Mexico, because the people of China, India and all around the world are willing to pay $125 a barrel for oil. Because the dumbocrats will not allow drilling in ANWR or offshore. Because dumbocrats will not allow more refineries to be built in our country. Because dumbocrats will not allow more nuclear power plants to built in this country to be able to use less oil. Actually, most people complaining about the high price of oil want us to use less of it. These high prices will cuase people to conserve more and othere to come up with other alternatives. Someting you would understand if you had a basic understanding of economics. Somthing you and most Communists appear not to have. I suggest a re-education camp for you dannyboy.
see my answers and comments to these Q's ---%26gt;
http://answers.yahoo.com/question/index;鈥?/a>
http://answers.yahoo.com/question/index;鈥?/a>
http://answers.yahoo.com/question/index;鈥?/a>
Too many natural resources that are the common property of all American Citizens are being sold for peanuts to a few who turn around and charge us based on their opportunity costs(as if they bought it at the higher prices from other suppliers (like OPEC) outside the US. We are being ripped off twice. When the natural resource is sold to private companues and when we buy it back turned into the products we need! Not to mention the gov't which taxes us on top of everything and the those monies get wasted or not spent for good purposes!
Some people know how to milk supply and demand scarcity situations to perfection! Business School graduates like the ones that ran Enron are everywhere and it is a systemic problem-- the greed and the lack of ethics --as the 5 CEO's from the major oilco's showed us all when they recently testified before Congress. They are rolling in dough and don't give a poop!
Because the needs of a few outweigh the needs of the many
Instead of writing on Yahoo Answers, write to your congressman!
talking about it....would u please answer my Q? http://answers.yahoo.com/question/index?鈥?/a>
it has something got with urs....pleeeease
Something tells me few powerful people are responsible for the supply hitches and hence causing the price hike across the world...
I honestly wish there was something I could do to change something, aside from riding a bike to work every day.
I totally agree. Its just the politics with big business and an open economy.
Walk to work and be grateful for what you have
Terrorism, Iraq, War, Oil Prices, Presidential Administration, Dick Cheney, Political Motive, $'s Gained?
Where is the common ground?Terrorism, Iraq, War, Oil Prices, Presidential Administration, Dick Cheney, Political Motive, $'s Gained?
Power. Plain unadultered naked desire for power.Terrorism, Iraq, War, Oil Prices, Presidential Administration, Dick Cheney, Political Motive, $'s Gained?
Oh yes! the bushes are so happy, the best deal after the invention of Coca Cola!
I get nauseous just thinking about it.
Didnt the clintons make as much off their oil investments????
Power. Plain unadultered naked desire for power.Terrorism, Iraq, War, Oil Prices, Presidential Administration, Dick Cheney, Political Motive, $'s Gained?
Oh yes! the bushes are so happy, the best deal after the invention of Coca Cola!
I get nauseous just thinking about it.
Didnt the clintons make as much off their oil investments????
With the dollar low, housing losing its footing, food and oil prices surging, ...?
a war where we are spinning our wheels, a global climate that is changing well beyond most of the worst predictions. What side of these issues has the current administration been on?
I am not writing about talk, I am talking about actions that had consequences, whether they were done intentionally or not really doesn't matter for this question.
Is is all just chance for America to be in the position it is in now, and this administration happened to be in charge, or is it more of the policies that got us in to this very messy situation?
The real tough question Why?With the dollar low, housing losing its footing, food and oil prices surging, ...?
The current U.S. administration has been making the rules up as they go along and have little knowledge of what the general population thinks or the conditions they face.
It's impractical for the current administration to do anything meaningful being a ';lame duck'; administration. Maybe I shouldn't have mentioned duck as D. Chenny might take a shot at it.
Never in the history of this country have we had a president act more like an absolute dictator than before Lincoln and Lincoln suspended habeas corpus.With the dollar low, housing losing its footing, food and oil prices surging, ...?
Food prices are high because of the actions of Democrats in congress. They got subsidies for farmers to grow crops for biofuels, which are more profitable. The result is a decrease in world food supply, and it couldn't have happened at a worse time what with the Midwest being underwater and China being ravaged by an Earthquake.
The current administration was against this.
The Bush administration also passed the Energy Bill of 2005. Little has come of this yet, as is usually the case of such bills, but it set forth a new guiding energy policy that encourages renewable energy, and grants tax breaks to energy companies and consumers that invest in technologies like solar and wind power.
Congress volunteered to tackle the cost of oil and its problems in their 2006 re-election campaign, and they have only made things worse.
I think that America is being brought to it's knees in the fallout from starting a war that should never have been started, but truly I don't believe it was deliberately done, as it's blatantly obvious that George W never done his homework, I don't support either Obama or McCain, I am an independent thinker.
I am a so called ';Conspiracy Theorist';
George Bush is mearly a puppet to the Bilderberg commitee. These powerful people from Europe and North America meet with high level business CEO and discuess what world events will happen so they can use those reasons to pass new laws and trade Unions. Like the European Union the US will soon be part of a North American Union with Mexico and Canada. The goal is a one world government that cannot be overthrown.
Youtube Bilderberg group and learn for yourselfs.
I think that's the question on every ones minds. I too would love an answer to that.
its just how things are and nobody can answer this question.
Yes, I agree that there does seem to be a grand strategy of some kind- but what it exactly is, I have no idea.
It is indeed a very strange time.
I'd argue where currently in this position due to a combination of factors- including poor planning and foresight, Big Oil and International Lender greed, a desire to rekindle the Military Industrial Complex to Cold War levels of output for the benefit of the US economy- but somehwre alongn the way a spanner fell in the works.
Some conspiracy theorists argue Mr Bush Jnr, not only a leading head of the New World Order and believe the Inner Earthians and Lizard People is a UK Royalist trying to return the USA back to Mother England- I think this is more than a little far fetched though. Some people are very creative, aren't they- perhaps they should be noielists?
I am not writing about talk, I am talking about actions that had consequences, whether they were done intentionally or not really doesn't matter for this question.
Is is all just chance for America to be in the position it is in now, and this administration happened to be in charge, or is it more of the policies that got us in to this very messy situation?
The real tough question Why?With the dollar low, housing losing its footing, food and oil prices surging, ...?
The current U.S. administration has been making the rules up as they go along and have little knowledge of what the general population thinks or the conditions they face.
It's impractical for the current administration to do anything meaningful being a ';lame duck'; administration. Maybe I shouldn't have mentioned duck as D. Chenny might take a shot at it.
Never in the history of this country have we had a president act more like an absolute dictator than before Lincoln and Lincoln suspended habeas corpus.With the dollar low, housing losing its footing, food and oil prices surging, ...?
Food prices are high because of the actions of Democrats in congress. They got subsidies for farmers to grow crops for biofuels, which are more profitable. The result is a decrease in world food supply, and it couldn't have happened at a worse time what with the Midwest being underwater and China being ravaged by an Earthquake.
The current administration was against this.
The Bush administration also passed the Energy Bill of 2005. Little has come of this yet, as is usually the case of such bills, but it set forth a new guiding energy policy that encourages renewable energy, and grants tax breaks to energy companies and consumers that invest in technologies like solar and wind power.
Congress volunteered to tackle the cost of oil and its problems in their 2006 re-election campaign, and they have only made things worse.
I think that America is being brought to it's knees in the fallout from starting a war that should never have been started, but truly I don't believe it was deliberately done, as it's blatantly obvious that George W never done his homework, I don't support either Obama or McCain, I am an independent thinker.
I am a so called ';Conspiracy Theorist';
George Bush is mearly a puppet to the Bilderberg commitee. These powerful people from Europe and North America meet with high level business CEO and discuess what world events will happen so they can use those reasons to pass new laws and trade Unions. Like the European Union the US will soon be part of a North American Union with Mexico and Canada. The goal is a one world government that cannot be overthrown.
Youtube Bilderberg group and learn for yourselfs.
I think that's the question on every ones minds. I too would love an answer to that.
its just how things are and nobody can answer this question.
Yes, I agree that there does seem to be a grand strategy of some kind- but what it exactly is, I have no idea.
It is indeed a very strange time.
I'd argue where currently in this position due to a combination of factors- including poor planning and foresight, Big Oil and International Lender greed, a desire to rekindle the Military Industrial Complex to Cold War levels of output for the benefit of the US economy- but somehwre alongn the way a spanner fell in the works.
Some conspiracy theorists argue Mr Bush Jnr, not only a leading head of the New World Order and believe the Inner Earthians and Lizard People is a UK Royalist trying to return the USA back to Mother England- I think this is more than a little far fetched though. Some people are very creative, aren't they- perhaps they should be noielists?
Record debt, soaring house prices, record oil prices..can this continue indefinately?where will it be in 5yrs?
just predictions, obviously if you knew , you would be a flipping geniusRecord debt, soaring house prices, record oil prices..can this continue indefinately?where will it be in 5yrs?
dun worry. as with every economic cycle, wat goes up must comes down. economic peak accompanied by record debt, soaring house prices, record oil prices will be reduced as economy overheats and cool down. now, the global economy has been rising since 2003. so in 5 yrs time, it'll be a downturn. in fact, investment guru like geroge soros has predicted the economy downturn this yr, where others predicted it will fall next yr onwards. the cycle will likely last 5-7 yrs.Record debt, soaring house prices, record oil prices..can this continue indefinately?where will it be in 5yrs?
We'll all be bankrupt and on benefits. Government will have created a new tax for being bankrupt. Vicious circle.
It's been the same since the 80's. Why should anything change?
hmm...soaring housing prices? Not Detroit and the surrounding area. And many others from what I understand...from what I hear, it's currently a buyers market, not a sellers market.
We may get a slump however I do not think so.We started buying our home in 92 so we got it at a fair price.I feel sorry for people trying to get on the property ladder.All I know, I could not afford todays prices.It is not a very nice out look.
Debt is easing, housing prices are dropping, oil prices are well below all time highs.
SO I guess it can't continue.
Housing prices are starting down, which may not be too good a thing. It might indicate a slump in the housing market as a result of easier loans over the past few years. There are a lot more defaults and fewer buyers.
Oil prices have not increased at a rate comparable to inflation for at least thirty years. We pay far lower prices than most of the world but we also buy a lot more which gives us some purchasing power. In any event, oil is a limited resource and is going to become more scarce causing prices to increase. As oil prices increase, other energy forms and more research becomes viable. In the long term it should help us rather than harm us. Oil is only a temporary resource that we need to out grow.
I haven't done an analysis of debt to determine the relationship of current debt to past debt. The numbers are higher but is the debt in terms of absolute value really higher? No matter what, the debt must be reduced but not through higher taxes. That only harms the economy and results in still higher long term debt. The only real way to effectively reduce debt is too reduce government expenditures and you can only do that by reducing government. That should be a primary goal for the future.
Record debt, soaring house prices, record oil prices, will all still be here in 5 years, IMHO.
The issue is the time scale for fund transfers.
When it took 3 months to move a ship full, things were stable. When it took 3 days for checks to clear, money markets moved slower. Now with instantaneous transfers, the markets move so fast that they have to inflate to sustain the extractions by speculators.
dun worry. as with every economic cycle, wat goes up must comes down. economic peak accompanied by record debt, soaring house prices, record oil prices will be reduced as economy overheats and cool down. now, the global economy has been rising since 2003. so in 5 yrs time, it'll be a downturn. in fact, investment guru like geroge soros has predicted the economy downturn this yr, where others predicted it will fall next yr onwards. the cycle will likely last 5-7 yrs.Record debt, soaring house prices, record oil prices..can this continue indefinately?where will it be in 5yrs?
We'll all be bankrupt and on benefits. Government will have created a new tax for being bankrupt. Vicious circle.
It's been the same since the 80's. Why should anything change?
hmm...soaring housing prices? Not Detroit and the surrounding area. And many others from what I understand...from what I hear, it's currently a buyers market, not a sellers market.
We may get a slump however I do not think so.We started buying our home in 92 so we got it at a fair price.I feel sorry for people trying to get on the property ladder.All I know, I could not afford todays prices.It is not a very nice out look.
Debt is easing, housing prices are dropping, oil prices are well below all time highs.
SO I guess it can't continue.
Housing prices are starting down, which may not be too good a thing. It might indicate a slump in the housing market as a result of easier loans over the past few years. There are a lot more defaults and fewer buyers.
Oil prices have not increased at a rate comparable to inflation for at least thirty years. We pay far lower prices than most of the world but we also buy a lot more which gives us some purchasing power. In any event, oil is a limited resource and is going to become more scarce causing prices to increase. As oil prices increase, other energy forms and more research becomes viable. In the long term it should help us rather than harm us. Oil is only a temporary resource that we need to out grow.
I haven't done an analysis of debt to determine the relationship of current debt to past debt. The numbers are higher but is the debt in terms of absolute value really higher? No matter what, the debt must be reduced but not through higher taxes. That only harms the economy and results in still higher long term debt. The only real way to effectively reduce debt is too reduce government expenditures and you can only do that by reducing government. That should be a primary goal for the future.
Record debt, soaring house prices, record oil prices, will all still be here in 5 years, IMHO.
The issue is the time scale for fund transfers.
When it took 3 months to move a ship full, things were stable. When it took 3 days for checks to clear, money markets moved slower. Now with instantaneous transfers, the markets move so fast that they have to inflate to sustain the extractions by speculators.
Oil speculators driving up prices?
wall street says they're not. congress says investors ARE indeed pushing up prices with all the speculating on oil futures.
I agree with congress. what do you all think.Oil speculators driving up prices?
To me, there is no doubt that the futures market is driving up the price of oil. These investors are looking for a quick buck and are not worrying about the long term consequences of their actions.
It's like the housing boom and bust. Investors got in while the market was hot and drove up the prices of houses until they became unsustainable. The same scenario will play out for oil prices.
Yes, Congress needs to step in and create laws to curb this unbridled enthusiasm which cannot persist without economic chaos ensuing.Oil speculators driving up prices?
Well it's a little of that and also a bit of scapegoating. There were 83 million barrels of oil produced a day in the world as of 2006. Which at current prices is a little over 11 billion dollars a day and around 40 trillion a year. Now not all of that goes to market, but a good deal does. So speculators have alot of money, but I don't the kind of money needed to exert such a significant market power over the pricing as we've seen recently. Even if they were moving 5 or 10 trillion dollars of extra demand into the futures market the price would only climb an extra 10 to 20 percent tops.
The actual buyers are the refineries, etc.
They need to sell a given future contract and buy another one in the future - or buy one in the far future (say December 2009).
So, when they sell, if there isn't enough buyers, the price will go down. So, if the price are really too high, then it is the refineries buying too much of it at this price which they will realize when people don't buy as much (conserve, which is what happened in the US so far, a reduction in demand), they will have more in stock to get rid of and won't need to buy as much the following month...
But if it is supply and demand, the following month there is even less oil to sell, hence, price is going up.
Prices do goes up and down on speculation (like those days with more than $5 in a day) but they are trying to figure out what will be the actual demand/supply ratio at the end of that given month.
If congress starts to act like it is a communist country with price control and anti-free market, we will have other side effect.
First of all, this is a global market and dubai also has an exchange over there.
2nd, if you remove the liquidity that the speculators brings, it will be more difficult for the market.
Liquidity = read that has how long and difficult it is to sell a house (not liquid) versus stocks. Futures allow for oil to be as liquid as stocks rather than as houses. A maybe not perfect analogy but nevertheless appropriate enough I believe.
Informed investor take calculated risk. If there is oil speculation, it is based on real world events, supply and demand ect. The same congress people have been there for decades, they saw it coming, but refused to address the situation. The biggest political joke ever is ethanol, and that is what congress gave us. Congress will not even allow a bill on offshore drilling go to vote.
I agree with congress. what do you all think.Oil speculators driving up prices?
To me, there is no doubt that the futures market is driving up the price of oil. These investors are looking for a quick buck and are not worrying about the long term consequences of their actions.
It's like the housing boom and bust. Investors got in while the market was hot and drove up the prices of houses until they became unsustainable. The same scenario will play out for oil prices.
Yes, Congress needs to step in and create laws to curb this unbridled enthusiasm which cannot persist without economic chaos ensuing.Oil speculators driving up prices?
Well it's a little of that and also a bit of scapegoating. There were 83 million barrels of oil produced a day in the world as of 2006. Which at current prices is a little over 11 billion dollars a day and around 40 trillion a year. Now not all of that goes to market, but a good deal does. So speculators have alot of money, but I don't the kind of money needed to exert such a significant market power over the pricing as we've seen recently. Even if they were moving 5 or 10 trillion dollars of extra demand into the futures market the price would only climb an extra 10 to 20 percent tops.
The actual buyers are the refineries, etc.
They need to sell a given future contract and buy another one in the future - or buy one in the far future (say December 2009).
So, when they sell, if there isn't enough buyers, the price will go down. So, if the price are really too high, then it is the refineries buying too much of it at this price which they will realize when people don't buy as much (conserve, which is what happened in the US so far, a reduction in demand), they will have more in stock to get rid of and won't need to buy as much the following month...
But if it is supply and demand, the following month there is even less oil to sell, hence, price is going up.
Prices do goes up and down on speculation (like those days with more than $5 in a day) but they are trying to figure out what will be the actual demand/supply ratio at the end of that given month.
If congress starts to act like it is a communist country with price control and anti-free market, we will have other side effect.
First of all, this is a global market and dubai also has an exchange over there.
2nd, if you remove the liquidity that the speculators brings, it will be more difficult for the market.
Liquidity = read that has how long and difficult it is to sell a house (not liquid) versus stocks. Futures allow for oil to be as liquid as stocks rather than as houses. A maybe not perfect analogy but nevertheless appropriate enough I believe.
Informed investor take calculated risk. If there is oil speculation, it is based on real world events, supply and demand ect. The same congress people have been there for decades, they saw it coming, but refused to address the situation. The biggest political joke ever is ethanol, and that is what congress gave us. Congress will not even allow a bill on offshore drilling go to vote.
Will the barrel of crude oil go back down to maybe $40 (at least) so we can get decent prices at the pump?
I remember the in 1999 when the barrel of crude oil passed above $30, it was a very big deal, now, we are close to $150, will the prices ever go down again or do we have to get use to these prices?? Because demand is higher than ever, therefore production is higher than everWill the barrel of crude oil go back down to maybe $40 (at least) so we can get decent prices at the pump?
I am certainly no expert. But I do know there are some people earning a shitload of money over this. And I don't think they want things to go back the way they were...
Besides that. Right now the OPEC countries (middle east) controls the price of crude oil. However, one day their reserves are gonna be gone.
Shortly after that I am assuming the United States will open up their reserves (Texas ain't dry yet and Alaska) and pick up were the OPEC left off... They probably gonna raise the price even more.
And NO, I do not think price will ever go that low again. Unless the hydro engine goes into production, but then you won't have any need for crude oil anymore...Will the barrel of crude oil go back down to maybe $40 (at least) so we can get decent prices at the pump?
NO...very impossible that the oil price will go back to the normal price of $40....
OIL is very in deman to all nations who are mostly oil generated consumers....
without oil i dunno what will be the country can do.....
AND
if war is always around, just expect that oil prices will be affected too...
It depends how much of the oil price is currently driven by investors (people who have bid on oil futures with no real use for it). If this value is high you will see oil prices tumble radically. This happened in the DOT.COM bust, and in the housing market. With the dollar losing value people are looking for places to invest that are making money. The problem is that when people buy things that they are not going to actually use it inflates the value of what ever is bought beyond the law of supply and demand.
How ever oil will not go back to much earlier prices because of the law of supply and demand. China, India, and many other countries are becoming industrialized. They are using more and more oil in it's many forms. Oil is not just fuel, it is also a incredibly huge number of petrochemicals that includes most all plastics. As these countries require more and more oil the price will continue to increase. Oil may also become harder to get out of the ground, further increasing the cost. To truly decrease the price we have to have less demand or more of it. We need to find either an alternative or another source when this happens oil will become much cheaper.
Oil prices will not go down any material amount until we as Americans accept that we need to DRILL for the oil we have instead of buying it on the open market.
I am certainly no expert. But I do know there are some people earning a shitload of money over this. And I don't think they want things to go back the way they were...
Besides that. Right now the OPEC countries (middle east) controls the price of crude oil. However, one day their reserves are gonna be gone.
Shortly after that I am assuming the United States will open up their reserves (Texas ain't dry yet and Alaska) and pick up were the OPEC left off... They probably gonna raise the price even more.
And NO, I do not think price will ever go that low again. Unless the hydro engine goes into production, but then you won't have any need for crude oil anymore...Will the barrel of crude oil go back down to maybe $40 (at least) so we can get decent prices at the pump?
NO...very impossible that the oil price will go back to the normal price of $40....
OIL is very in deman to all nations who are mostly oil generated consumers....
without oil i dunno what will be the country can do.....
AND
if war is always around, just expect that oil prices will be affected too...
It depends how much of the oil price is currently driven by investors (people who have bid on oil futures with no real use for it). If this value is high you will see oil prices tumble radically. This happened in the DOT.COM bust, and in the housing market. With the dollar losing value people are looking for places to invest that are making money. The problem is that when people buy things that they are not going to actually use it inflates the value of what ever is bought beyond the law of supply and demand.
How ever oil will not go back to much earlier prices because of the law of supply and demand. China, India, and many other countries are becoming industrialized. They are using more and more oil in it's many forms. Oil is not just fuel, it is also a incredibly huge number of petrochemicals that includes most all plastics. As these countries require more and more oil the price will continue to increase. Oil may also become harder to get out of the ground, further increasing the cost. To truly decrease the price we have to have less demand or more of it. We need to find either an alternative or another source when this happens oil will become much cheaper.
Oil prices will not go down any material amount until we as Americans accept that we need to DRILL for the oil we have instead of buying it on the open market.
Hugs! Why did Billy Clinton veto drilling in ANWR in 1996, & force America to pay these high oil prices today?
That is not the reason for the oil prices of today. Oil Companies are being subsidized, just like farmers, to not produce oil. There is more than enough oil sitting in the ground without drilling in a protected area. Look into this, a little education goes a long way toward being informed enough to ask relevant questions.Hugs! Why did Billy Clinton veto drilling in ANWR in 1996, %26amp; force America to pay these high oil prices today?
Great questions, now you will see all the Hypocrites!!! The same people who blame Bush and not congress for our high gas prices are the same Hypocrites who won't blame the Dems and Clinton on the Anwar issue, see all they no and have learned is to blame Bush for everything but are so blinded by truth and logic they can't see that Congress is as much to blame or more for the high gas prices, and if we drill our own oil, we are less dependent on the middle east, then we will be able to put more money in Alternative energy resources!!!Hugs! Why did Billy Clinton veto drilling in ANWR in 1996, %26amp; force America to pay these high oil prices today?
Because he didn't want any animals to be harmed from the drilling and he wanted it to be left a la natural. Once again, he stopped something that would have been good for America, but like the previous answer, we really should learn to do with less oil.
There was and still is, no problem with the supply side of oil production. There is plenty of oil being produced, this is an artificially high price for oil. Production costs have not been rising, the price is high due to wildly out of bounds futures speculation.
Its not about drilling in ANWR. It's about a gluttonous appetite and a real reluctance to wean ourselves from that habit. If you want to decrease the price, decrease the DEMAND. It's not only a function of supply!
It wouldn't matter; Bush's falling dollar, Wall Street crack-up boom speculation and refinery bottlenecks would still lead to higher gasoline prices.* President Bush also chose to fill the Strategic Petroleum Reserve to the brim during his two terms.
who knows.... why did he have ';it'; with monica lewinski? his affair choices should show you he can't make good choices in anything else.
The same reason JImma Carter was opposed to it in the late 70's. It is about control. Libs want to tell you what to eat, where to live, what to wear, what type of vehicle you drive, how much you will pay for fuel, etc, etc-----. They could have all the drilling and refinery problems over if we had addressed the issues when Carter(the first) was president. Gas was $2.10 a gal when the libs. took over our government in 2006. What have Pelosi and Reid done to us';?
Great questions, now you will see all the Hypocrites!!! The same people who blame Bush and not congress for our high gas prices are the same Hypocrites who won't blame the Dems and Clinton on the Anwar issue, see all they no and have learned is to blame Bush for everything but are so blinded by truth and logic they can't see that Congress is as much to blame or more for the high gas prices, and if we drill our own oil, we are less dependent on the middle east, then we will be able to put more money in Alternative energy resources!!!Hugs! Why did Billy Clinton veto drilling in ANWR in 1996, %26amp; force America to pay these high oil prices today?
Because he didn't want any animals to be harmed from the drilling and he wanted it to be left a la natural. Once again, he stopped something that would have been good for America, but like the previous answer, we really should learn to do with less oil.
There was and still is, no problem with the supply side of oil production. There is plenty of oil being produced, this is an artificially high price for oil. Production costs have not been rising, the price is high due to wildly out of bounds futures speculation.
Its not about drilling in ANWR. It's about a gluttonous appetite and a real reluctance to wean ourselves from that habit. If you want to decrease the price, decrease the DEMAND. It's not only a function of supply!
It wouldn't matter; Bush's falling dollar, Wall Street crack-up boom speculation and refinery bottlenecks would still lead to higher gasoline prices.* President Bush also chose to fill the Strategic Petroleum Reserve to the brim during his two terms.
who knows.... why did he have ';it'; with monica lewinski? his affair choices should show you he can't make good choices in anything else.
The same reason JImma Carter was opposed to it in the late 70's. It is about control. Libs want to tell you what to eat, where to live, what to wear, what type of vehicle you drive, how much you will pay for fuel, etc, etc-----. They could have all the drilling and refinery problems over if we had addressed the issues when Carter(the first) was president. Gas was $2.10 a gal when the libs. took over our government in 2006. What have Pelosi and Reid done to us';?
Changes in oil prices?
i need to know why oil prices fluctuate so dramatically, and why is it that when there is a war taking place, oil prices rise, whats the reason for that.. thank yuuu...
Xx alisha xXChanges in oil prices?
Simple answer is economics. Supply and demand. IF the demand for something outweighs the supply, the price will go up.
During wars etc, fuel is a very important resource...and everyone wants it...so the price goes up.Changes in oil prices?
Law of supply and demand. People who are trying to predict what will happen to the price in the future.
It use to be everytime an Arab country burbs oil prices jump.
Now we are finding out the supply really doesn't change.
Now we have oil well cap ready to go but it will require prices to get up to about 60 bucks a barrel.
Oil companies found out at 3 bucks a gallon people stop buying gas. So the supply is set to not let that happen again.
Oil prices are based on futures and a spot market. Companies try to head off costs and purchase oil ahead of time hoping to get a good deal and protect themselves against high peaks. Some of the high peaks is what you talked about in your question as when a war takes place. Crude oil has to be delivered to consuming nations by tanker and most ship from the middle east. The ports that load enter and exit the area by way of the small area between Africa and the Saudi peninsula or on the other side of the peninsulas and the rest of the middle east. Those shipping lanes are hard to protect. Lots of desserts and places to launch attacks on tankers. Added security for the tankers make the price go up and fear of attack also make the price go up and fear of an oil pipe line or refinery being bombed or rendered useless make the price go up. When we have a mild winter in the northeast where a lot of folks use heating fuel, then the demand is less the price falls. When a war is not disrupting shipping or causing fear that shipping will be interrupted then the price goes down. There are a lot of other factors but this is a fairly accurate and simple base to start your understanding. I hope this helps and is easy to understand. Good luck.
Xx alisha xXChanges in oil prices?
Simple answer is economics. Supply and demand. IF the demand for something outweighs the supply, the price will go up.
During wars etc, fuel is a very important resource...and everyone wants it...so the price goes up.Changes in oil prices?
Law of supply and demand. People who are trying to predict what will happen to the price in the future.
It use to be everytime an Arab country burbs oil prices jump.
Now we are finding out the supply really doesn't change.
Now we have oil well cap ready to go but it will require prices to get up to about 60 bucks a barrel.
Oil companies found out at 3 bucks a gallon people stop buying gas. So the supply is set to not let that happen again.
Oil prices are based on futures and a spot market. Companies try to head off costs and purchase oil ahead of time hoping to get a good deal and protect themselves against high peaks. Some of the high peaks is what you talked about in your question as when a war takes place. Crude oil has to be delivered to consuming nations by tanker and most ship from the middle east. The ports that load enter and exit the area by way of the small area between Africa and the Saudi peninsula or on the other side of the peninsulas and the rest of the middle east. Those shipping lanes are hard to protect. Lots of desserts and places to launch attacks on tankers. Added security for the tankers make the price go up and fear of attack also make the price go up and fear of an oil pipe line or refinery being bombed or rendered useless make the price go up. When we have a mild winter in the northeast where a lot of folks use heating fuel, then the demand is less the price falls. When a war is not disrupting shipping or causing fear that shipping will be interrupted then the price goes down. There are a lot of other factors but this is a fairly accurate and simple base to start your understanding. I hope this helps and is easy to understand. Good luck.
What is a fair pricing for parts and labor on a 4cyl. 2001 toyota corolla: tune-up, oil change, transmission?
fluid change, throttle body clean up and front motor mount replacement? im being charged 220, is that fair?What is a fair pricing for parts and labor on a 4cyl. 2001 toyota corolla: tune-up, oil change, transmission?
thats about right for all that
thats about right for all that
Who controls oil prices?
OPEC decide the oil price for international market.But regional and national price decide by regional oil company,stock market,demand,sometime goverment.Who controls oil prices?
OPEC and the oil companies like Chevron, Shell, Unocal, etc.,Who controls oil prices?
G. W. Bush and the GOP
Primarily OPEC.
The consumer.
If just only the US and Candanian consumer all agreed not to purchase any oil or oil products from the middle east for just one day per week, watch what happens to the price. Imagine if we didn't purchase any for one week!
Bet there would be a lot of camels out there worker harder.
monopoly.
I think the film ';Syrianna'; says it all....
Supply and demand.top makeup
OPEC and the oil companies like Chevron, Shell, Unocal, etc.,Who controls oil prices?
G. W. Bush and the GOP
Primarily OPEC.
The consumer.
If just only the US and Candanian consumer all agreed not to purchase any oil or oil products from the middle east for just one day per week, watch what happens to the price. Imagine if we didn't purchase any for one week!
Bet there would be a lot of camels out there worker harder.
monopoly.
I think the film ';Syrianna'; says it all....
Supply and demand.
Changes in oil prices?
i need to know why oil prices fluctuate so dramatically, and why is it that when there is a war taking place, oil prices rise, whats the reason for that.. thank yuuu...
Xx alisha xXChanges in oil prices?
well because of the war alot of the governments money is spent so they need to rise things like oil prices to get more money for our government. Also because oil is scarce. it is almost all gone and because of war thousands of gas gysers are now ruined. Like in Kuwait. That war destroyed many gas gysers. If we had those gysers, our gas would last for several more yearsChanges in oil prices?
Its mostly a matter of global supplies and demand. Demand worldwide is growing very fast because of the fact that other industrialized countries are growing and are now into things like automobiles that use oil. Couple that with demands in the winter for home heating,,and market forces drive prices up because supplies dont keep up with demand. Price rises are for the purpose of rationing supplies.
Xx alisha xXChanges in oil prices?
well because of the war alot of the governments money is spent so they need to rise things like oil prices to get more money for our government. Also because oil is scarce. it is almost all gone and because of war thousands of gas gysers are now ruined. Like in Kuwait. That war destroyed many gas gysers. If we had those gysers, our gas would last for several more yearsChanges in oil prices?
Its mostly a matter of global supplies and demand. Demand worldwide is growing very fast because of the fact that other industrialized countries are growing and are now into things like automobiles that use oil. Couple that with demands in the winter for home heating,,and market forces drive prices up because supplies dont keep up with demand. Price rises are for the purpose of rationing supplies.
Now that oil is below 53 bucks a barrel and heating oil and gas prices are falling?
As a good liberal Democrat, how am I suppose to blame Bush for the fact that the economy is improving and I have extra money to spend on my family and self, now?
Help me what should I do? I feel awesome, and I know I am supposed to be bitter. I am torn. Help me.
I have been told it is all George Bushes fault, isn't it?Now that oil is below 53 bucks a barrel and heating oil and gas prices are falling?
How wonderful for you! I am glad you are blessed. Now think about all the families who have lost loved ones, many teen-age, in the illegal war with Iraq. Think about the families of the the people who died in the WTC, which more and more solid evidence is showing was an inside demolition job followed by a cover-up. Think about the thousands of displaced people from New Orleans who could have been saved much trouble if not for the idiots in charge of FEMA, (Bush appointees). Still happy? Then go on your merry way, fool. There's plenty of the rest of us to do the worrying for you.Now that oil is below 53 bucks a barrel and heating oil and gas prices are falling?
that was the worst answer i r'cvd.
this lunacy shall not stand. Report Abuse
yes you were informed correctly.
Help me what should I do? I feel awesome, and I know I am supposed to be bitter. I am torn. Help me.
I have been told it is all George Bushes fault, isn't it?Now that oil is below 53 bucks a barrel and heating oil and gas prices are falling?
How wonderful for you! I am glad you are blessed. Now think about all the families who have lost loved ones, many teen-age, in the illegal war with Iraq. Think about the families of the the people who died in the WTC, which more and more solid evidence is showing was an inside demolition job followed by a cover-up. Think about the thousands of displaced people from New Orleans who could have been saved much trouble if not for the idiots in charge of FEMA, (Bush appointees). Still happy? Then go on your merry way, fool. There's plenty of the rest of us to do the worrying for you.Now that oil is below 53 bucks a barrel and heating oil and gas prices are falling?
that was the worst answer i r'cvd.
this lunacy shall not stand. Report Abuse
yes you were informed correctly.
I believe that once the economy comes back, so will sky rocketing oil prices. am i right? whats your thoughts?
That has alot to do with the policy the Fed and the govt pursue. If the economy comes back (which could take awhile) and they continue with low interest rates and high spending then yes, prices of all sorts will skyrocket.
Gas prices: If oil at $140/barrel yields $4 gas, then why doesn't $35/barrel oil yield $1 gas?
Can anyone please explain this?Gas prices: If oil at $140/barrel yields $4 gas, then why doesn't $35/barrel oil yield $1 gas?
Its called price gouging my friend!Gas prices: If oil at $140/barrel yields $4 gas, then why doesn't $35/barrel oil yield $1 gas?
I'm sure it has something to do with Petroleum Company tax breaks and subsidies that they receive in the US. The US is by far the largest importer of foreign oil in the world, and compared to other large importers, like most of Europe, our gasoline is actually quite a bargain. Prices in Europe can easily be triple what they are over here. Also, the price of Crude oil is only a ';piece of the pie'; when it comes to the cost of Gas. There is also distribution, marketing, taxes, and the actual refining of the oil into gas. Some of the other pieces are fixed, while others fluctuate with the price of crude oil.
The oil price is $40 and the costs refinery repair and maintenance does not fall in proportion to gasoline. In fact, the Dec.-Mar period is the period for repair and maintenance of the refineries. This is not a conspiracy; but, the way the refiners conduct schedule their work. The reasoning is that driving is down during the off season. A lot of oil is not going to be sold at $40 a barrel. The holder of the oil will just sit on it vs. taking a significant loss on the product. If there is a 1 barrel of oil to 1 gallon of gasoline set ratio, then maybe someone can give an answer that conforms to your theory.
Because the cost of gasoline equals the cost of the crude plus the transport cost to get the crude to the refinery, plus the cost of refining the crude oil into gasoline, plus the cost of getting the gasoline to a station near you, plus the cost of running the gas station. Those other costs have not changed only one part of the equation has gone down the rest have remained constant. The biggest is the amount of tax you pay on a gallon of gas no matter what it costs.
Crude availability is only part of the pricing. A significant ratio of the price comes from refinement as well, which won't go down until more refineries are built.
Because Obama has stock in the oil companies..
No fair using math!
That whole system is a bunch of b.s. I know one thing for sure, IT IS NOT SUPPLY AND DEMAND.
Its called price gouging my friend!Gas prices: If oil at $140/barrel yields $4 gas, then why doesn't $35/barrel oil yield $1 gas?
I'm sure it has something to do with Petroleum Company tax breaks and subsidies that they receive in the US. The US is by far the largest importer of foreign oil in the world, and compared to other large importers, like most of Europe, our gasoline is actually quite a bargain. Prices in Europe can easily be triple what they are over here. Also, the price of Crude oil is only a ';piece of the pie'; when it comes to the cost of Gas. There is also distribution, marketing, taxes, and the actual refining of the oil into gas. Some of the other pieces are fixed, while others fluctuate with the price of crude oil.
The oil price is $40 and the costs refinery repair and maintenance does not fall in proportion to gasoline. In fact, the Dec.-Mar period is the period for repair and maintenance of the refineries. This is not a conspiracy; but, the way the refiners conduct schedule their work. The reasoning is that driving is down during the off season. A lot of oil is not going to be sold at $40 a barrel. The holder of the oil will just sit on it vs. taking a significant loss on the product. If there is a 1 barrel of oil to 1 gallon of gasoline set ratio, then maybe someone can give an answer that conforms to your theory.
Because the cost of gasoline equals the cost of the crude plus the transport cost to get the crude to the refinery, plus the cost of refining the crude oil into gasoline, plus the cost of getting the gasoline to a station near you, plus the cost of running the gas station. Those other costs have not changed only one part of the equation has gone down the rest have remained constant. The biggest is the amount of tax you pay on a gallon of gas no matter what it costs.
Crude availability is only part of the pricing. A significant ratio of the price comes from refinement as well, which won't go down until more refineries are built.
Because Obama has stock in the oil companies..
No fair using math!
That whole system is a bunch of b.s. I know one thing for sure, IT IS NOT SUPPLY AND DEMAND.
Does anyone else realize that the oil companys are the ones putting the USA into a recession with there prices
As there prices go up so does everything else except wages which means you have to cut down on spending to live which means less buying of goods that slows manufactureing so companys lay off workers because they don't need them then you have less people to buy goods and so on. Stop the oil companys from makeing BILLIONS in profits and lower there price so we can live.Does anyone else realize that the oil companys are the ones putting the USA into a recession with there prices
I wouldn't say oil companies in general. I think you have to look at the country and who is controlling these things and WHO? they are owned by. I think you first have to look at the current dick of a president we have now? We control something like 35% of the worlds oil now including U.S. Territories, and occupied territories. Iraq has oil, lot's of it. ANd yet out pockets are emptied and there's are full nothing's making sense? WHy was oil cheaper before the war? before bush? before everything. Things are def. Changing in the economy. Recession is beginning every couple of years it happens. This time oil is causing our recession. I work at a hardware store. I recently got laid off. People are saving there money for the gas it takes to get places INSTEAD of home improvements and other wants. I would highly agree that oil is the cause of our recession.. And if no one is going to realize that we are heading towards a major recession... check the stock prices check everything in the grocery store then come back and tell me? oh PS i got laid off from the hardware store due to lack of business! Proff? i think so.Does anyone else realize that the oil companys are the ones putting the USA into a recession with there prices
All that lived through the seventies sure remember stagflation, and love how liberal press comes up with different reason every time story on economy is aired.
they are but they dont care because their making money and we all drive and theirs nothing we can do about it
Sorry to be Mr. negative, but do you think anyone really gives a ****? Of course I care, but what does that matter? The only people that have the power to do anything about it won't. You have to adapt.
I wouldn't say oil companies in general. I think you have to look at the country and who is controlling these things and WHO? they are owned by. I think you first have to look at the current dick of a president we have now? We control something like 35% of the worlds oil now including U.S. Territories, and occupied territories. Iraq has oil, lot's of it. ANd yet out pockets are emptied and there's are full nothing's making sense? WHy was oil cheaper before the war? before bush? before everything. Things are def. Changing in the economy. Recession is beginning every couple of years it happens. This time oil is causing our recession. I work at a hardware store. I recently got laid off. People are saving there money for the gas it takes to get places INSTEAD of home improvements and other wants. I would highly agree that oil is the cause of our recession.. And if no one is going to realize that we are heading towards a major recession... check the stock prices check everything in the grocery store then come back and tell me? oh PS i got laid off from the hardware store due to lack of business! Proff? i think so.Does anyone else realize that the oil companys are the ones putting the USA into a recession with there prices
All that lived through the seventies sure remember stagflation, and love how liberal press comes up with different reason every time story on economy is aired.
they are but they dont care because their making money and we all drive and theirs nothing we can do about it
Sorry to be Mr. negative, but do you think anyone really gives a ****? Of course I care, but what does that matter? The only people that have the power to do anything about it won't. You have to adapt.
Does anybody over 40 years of age believe oil prices have anything to do with supply and demand?
The GOP (grand oil party) would have us believe these lower gasoline prices reflect lower demand and not that they think we will forget the gauging and vote republican. Reminds me of in the Army 2 weeks b4 the inspector came around how the food improved, the mail was on time, we got more time to ourselves. The worst part was the vast majority immediately forgot all the BS and then when the inspector left back to the lousy food, no more turkey for us. How bout you do you like turkey or are you one??? yeah I know repetitous print (sound)bites sound familiar??Does anybody over 40 years of age believe oil prices have anything to do with supply and demand?
Nope! I don't believe much of what the government and the politicians say - I'm way over 40 and really really really long for the days when these people meant what they said. The price gouging, the forked tongued promises, the private lives being dragged thru the mud, the blatant greed and the laws that only benefit the politicians and the wealthy! Jeez! When will the public wake up and see what our ';elected'; officials are doing to our country and to us for their profit and gain??????Does anybody over 40 years of age believe oil prices have anything to do with supply and demand?
i guess not
most over 40's will likely say dirty politics.
bush two sided face when it comes to the oil barron countries.
No. Just greedy politicians
I'm over 40 and boy do I hate to admit that. I believe the main reason for the rise in gas %26amp; oil prices isn't due to the lack of diminishing oil and the companies trying to get all they can before it runs out but due to ';keeping up with the Jones's so to speak';. In the 90's we have had more self made millionaires than ever before in history. Now when you have been showing off your wealth and prestige for years and some young kid pulls his brand new yahct next to yours and it puts your old tug boat to shame, your gonna try to extract more money to buy a bigger and better boat. Also to say that you are a million air through your own engineering and design is much more attractive to listeners at a dinner party than to say you've made your fortune in the oil buisness- they rank about the same as lawyers. That's my conspiracy theory anyway.
No. The price is entirely determined and manipulated by a relatively small group of people worldwide - who literally make billions of dollars by gouging the rest of us.
They know that the US economy and most individual citizens are ';addicted'; to gas and cannot refuse to fill-up. They also know that we do more driving in the summer, so they make sure an create a reason to hike prices during this peak period.
Congress frequently vows to investigate price-fixing and gouging in this industry, but never once have I heard what they found out.
I don't believe there is any looming shortage of fossil fuels either. I think every one of us and all of our children will be dead and burried before the Earth runs out of fossi fuels - so any ';shortage'; is a crock.
For 30 years I have heard that there isn't a shortage of oil, but a shortage of refineries - well, there has been plenty of time to build more refineries but that hasn't happened either.
Nope - oil and gas are immune from the laws of supply and demand. Demand is constant and supply is manipulated to set the price.
Supply and demand is only when you running out of something and consumers are willing to pay more for something they dont need. Otherwise its GOUGING
I'm 50 and I stopped believing in fairy tales a long time ago. They'll be back up after the elections in November. Bush is scared crapless over Repubs numbers, they're pulling out all the stops and this is just another one.
If you are over 40 , then you must have forgotten about the gas rationing , and sitting in long lines hoping to get your 10 to 20 gallons for the week under Jimmy Carter .. The demand was there then , but the supply was not , so the answer to your ';gas '; question is YES !! Also , No new refineries have been built in the United States for over 30 years !! How many more cars do you think are on the road today than 30 years ago, and you expect the price of gas to stay the same even though the capacity of refineries did not increase at all , and the number of vehicles has increased 10 fold ?? The old refineries we have today still have to operate on a schedule that requires them to produce diesel fuel , kerosene , regular gas , plus grade gas , premium gas !! Now anyone with a hint of intelligence should know that you can`t produce all these different products at the same time ??? And please don`t forget about the Home Mortgage Interest Rates being over 20% under Carter !! Give it up on blaming one poliltical party or the other for our woes !! We drive like there is no tomorrow , and we the people have control of how high gas prices go . Get off the road for a day or two , and the ';demand'; will decrease , and there will be a surplus . But no , we have to drive more and more and more and ***** about the cost of not letting the refineries catch their breath !! Ain`t nobody`s fault but our own , not the GOP !!
The government has no control over the commodities market which is where oil prices are set according to demand among buyers. A free market economy is an entity that is self sustaining and volatile. The Government can technically control several things that can have an effect,but it's far far easier to spike prices than drop them.
Yes it is supply and demand. All the kids in school now, so less driving. Just think of all the trips you have to make for your kids during the summer.top makeup
Nope! I don't believe much of what the government and the politicians say - I'm way over 40 and really really really long for the days when these people meant what they said. The price gouging, the forked tongued promises, the private lives being dragged thru the mud, the blatant greed and the laws that only benefit the politicians and the wealthy! Jeez! When will the public wake up and see what our ';elected'; officials are doing to our country and to us for their profit and gain??????Does anybody over 40 years of age believe oil prices have anything to do with supply and demand?
i guess not
most over 40's will likely say dirty politics.
bush two sided face when it comes to the oil barron countries.
No. Just greedy politicians
I'm over 40 and boy do I hate to admit that. I believe the main reason for the rise in gas %26amp; oil prices isn't due to the lack of diminishing oil and the companies trying to get all they can before it runs out but due to ';keeping up with the Jones's so to speak';. In the 90's we have had more self made millionaires than ever before in history. Now when you have been showing off your wealth and prestige for years and some young kid pulls his brand new yahct next to yours and it puts your old tug boat to shame, your gonna try to extract more money to buy a bigger and better boat. Also to say that you are a million air through your own engineering and design is much more attractive to listeners at a dinner party than to say you've made your fortune in the oil buisness- they rank about the same as lawyers. That's my conspiracy theory anyway.
No. The price is entirely determined and manipulated by a relatively small group of people worldwide - who literally make billions of dollars by gouging the rest of us.
They know that the US economy and most individual citizens are ';addicted'; to gas and cannot refuse to fill-up. They also know that we do more driving in the summer, so they make sure an create a reason to hike prices during this peak period.
Congress frequently vows to investigate price-fixing and gouging in this industry, but never once have I heard what they found out.
I don't believe there is any looming shortage of fossil fuels either. I think every one of us and all of our children will be dead and burried before the Earth runs out of fossi fuels - so any ';shortage'; is a crock.
For 30 years I have heard that there isn't a shortage of oil, but a shortage of refineries - well, there has been plenty of time to build more refineries but that hasn't happened either.
Nope - oil and gas are immune from the laws of supply and demand. Demand is constant and supply is manipulated to set the price.
Supply and demand is only when you running out of something and consumers are willing to pay more for something they dont need. Otherwise its GOUGING
I'm 50 and I stopped believing in fairy tales a long time ago. They'll be back up after the elections in November. Bush is scared crapless over Repubs numbers, they're pulling out all the stops and this is just another one.
If you are over 40 , then you must have forgotten about the gas rationing , and sitting in long lines hoping to get your 10 to 20 gallons for the week under Jimmy Carter .. The demand was there then , but the supply was not , so the answer to your ';gas '; question is YES !! Also , No new refineries have been built in the United States for over 30 years !! How many more cars do you think are on the road today than 30 years ago, and you expect the price of gas to stay the same even though the capacity of refineries did not increase at all , and the number of vehicles has increased 10 fold ?? The old refineries we have today still have to operate on a schedule that requires them to produce diesel fuel , kerosene , regular gas , plus grade gas , premium gas !! Now anyone with a hint of intelligence should know that you can`t produce all these different products at the same time ??? And please don`t forget about the Home Mortgage Interest Rates being over 20% under Carter !! Give it up on blaming one poliltical party or the other for our woes !! We drive like there is no tomorrow , and we the people have control of how high gas prices go . Get off the road for a day or two , and the ';demand'; will decrease , and there will be a surplus . But no , we have to drive more and more and more and ***** about the cost of not letting the refineries catch their breath !! Ain`t nobody`s fault but our own , not the GOP !!
The government has no control over the commodities market which is where oil prices are set according to demand among buyers. A free market economy is an entity that is self sustaining and volatile. The Government can technically control several things that can have an effect,but it's far far easier to spike prices than drop them.
Yes it is supply and demand. All the kids in school now, so less driving. Just think of all the trips you have to make for your kids during the summer.
Why didn't Hillary Tell You that High Oil Prices Hasn't Helped Exxon?
Here's a graph of oil prices vs Exxon over the past year.
Oh, I added Apple Computer and Sunoco just for the fun of it.
http://finance.yahoo.com/q/bc?t=1y%26amp;s=OIL鈥?/a>
Wow. It looks like Sunoco is down almost 50%.Why didn't Hillary Tell You that High Oil Prices Hasn't Helped Exxon?
That's a graph of stock values. Care to show their profits, which have hit record highs?Why didn't Hillary Tell You that High Oil Prices Hasn't Helped Exxon?
What are you talking about Exxon is just being lazy and not going after the full profits they are too occupied with buyback of stock and limiting there exposure. And let me tell you something about you Ethanol lovers. you are going to be the cause of more stravation than any tyrant this world has ever seen. because of you Ethanol overs 2 billion people will starve because of the food shortages created by mandates on alternative energy in regards to Ethanol. I hope you are happy!
Because it doesn't fit her agenda of having all of America dependent on government programs.
Oh, I added Apple Computer and Sunoco just for the fun of it.
http://finance.yahoo.com/q/bc?t=1y%26amp;s=OIL鈥?/a>
Wow. It looks like Sunoco is down almost 50%.Why didn't Hillary Tell You that High Oil Prices Hasn't Helped Exxon?
That's a graph of stock values. Care to show their profits, which have hit record highs?Why didn't Hillary Tell You that High Oil Prices Hasn't Helped Exxon?
What are you talking about Exxon is just being lazy and not going after the full profits they are too occupied with buyback of stock and limiting there exposure. And let me tell you something about you Ethanol lovers. you are going to be the cause of more stravation than any tyrant this world has ever seen. because of you Ethanol overs 2 billion people will starve because of the food shortages created by mandates on alternative energy in regards to Ethanol. I hope you are happy!
Because it doesn't fit her agenda of having all of America dependent on government programs.
Would Oil prices be lower if G.W. Bush were a better kisser?
I don't know about you, but to me me it looks like Bush wasn't really ';that into'; this Saudi Prince.
http://images.google.com/images?q=bush%2鈥?/a>Would Oil prices be lower if G.W. Bush were a better kisser?
he kisses fineWould Oil prices be lower if G.W. Bush were a better kisser?
Just because you are gay, does not mean everyone is. Also, if you had more than a 3rd grade education, you might have learned something of other cultures. Do us a favor, stay in mom's basement, play your X-box games and leave the real world to those of us with the brains and education to deal with it.
P.S.
I'll take an apple pie with that value meal.
';Don't you have people to do this?';
The standard reply to question why you have to do some thing at work that you really don't want to do.
I don't think any president realizes just what crap you have to put up to do your job.
I heard, they had a fallout 2 years ago, that's when the oil price skyrocketed.
Maybe Bush was running out of vaseline - for his face I mean.
Bush should have tried the other side, about three feet lower.
LOL.
http://images.google.com/images?q=bush%2鈥?/a>Would Oil prices be lower if G.W. Bush were a better kisser?
he kisses fineWould Oil prices be lower if G.W. Bush were a better kisser?
Just because you are gay, does not mean everyone is. Also, if you had more than a 3rd grade education, you might have learned something of other cultures. Do us a favor, stay in mom's basement, play your X-box games and leave the real world to those of us with the brains and education to deal with it.
P.S.
I'll take an apple pie with that value meal.
';Don't you have people to do this?';
The standard reply to question why you have to do some thing at work that you really don't want to do.
I don't think any president realizes just what crap you have to put up to do your job.
I heard, they had a fallout 2 years ago, that's when the oil price skyrocketed.
Maybe Bush was running out of vaseline - for his face I mean.
Bush should have tried the other side, about three feet lower.
LOL.
Why don't they put a cap on oil prices?
don't bush see we need help?Why don't they put a cap on oil prices?
Bush holds stock in the oil companies...he is making money too on the back side so he isn't going to stop it..he is going to be out of office soon and is setting up his retirement by ripping off the little people who voted him to be in office.Why don't they put a cap on oil prices?
Petroleum prices are essentially established by OPEC. Bush and his corporate allies have little interest, moreover, in putting limits on gas prices. You live in a capitalist society, pal, and while it may be convienent to blame the A-rabs, it's YOUR government that has established treaties, etc., with them. A cap on prices would limit their profits and they will get away with as much as they can for as long as they can. When THEIR bank account begins to be affected, THEN they will change policy, but not until.
Sure, you need help with your expenses, but what about the Iraqi's etc., who are losing their loved ones each and every day for the last four-plus years, and what for...? For the convenience of the petro-addicted American economy? What about the American soldiers and their families who have lost sons and daughters to this abortion of a mistake of an invasion - not just of Iraq, but of Afghanistan, as well?
Capitalism has little regard for what should be morally objectionable. But others would say that ';unquenchable greed'; is just human nature - which may be true. It is sometimes a miserable fate to be human.
If we're going to keep paying for it, why should they? If I were them, I wouldn't cap it either. In fact, I'd raise gas to $20.00 a gallon and be done with it!
We are the ones who control the price of gas.
If we would get our collective heads together.
1. Start depending on mass tranist.
2. Drive reasonable cars we don't need to all be driving the urban destories.
3. Build refineries.
4. Allow more drilling for oil here like off the coast of FL and CA.
That would lead to price of gas to go down.
Until we all give up our own part of the solution price of gas is going to stay where it is.
I doubt if there will ever be a ';cap';. It's all about those green backs and who controls that...people in oil business. period
A free market does not like caps or artificial ceilings
Economics 101
It has become appallingly obvious that our technology has exceeded our humanity. - Albert Einstein
Carter tried that during his term. The result was disastrous and caused nationwide oil shortages as foreign suppliers took their oil elsewhere where they could make better profits.
The law of unintended consequences. You may think you're doing something beneficial in the short term but you'll find that it has a much worse effect you couldn't foresee later on.
Bush holds stock in the oil companies...he is making money too on the back side so he isn't going to stop it..he is going to be out of office soon and is setting up his retirement by ripping off the little people who voted him to be in office.Why don't they put a cap on oil prices?
Petroleum prices are essentially established by OPEC. Bush and his corporate allies have little interest, moreover, in putting limits on gas prices. You live in a capitalist society, pal, and while it may be convienent to blame the A-rabs, it's YOUR government that has established treaties, etc., with them. A cap on prices would limit their profits and they will get away with as much as they can for as long as they can. When THEIR bank account begins to be affected, THEN they will change policy, but not until.
Sure, you need help with your expenses, but what about the Iraqi's etc., who are losing their loved ones each and every day for the last four-plus years, and what for...? For the convenience of the petro-addicted American economy? What about the American soldiers and their families who have lost sons and daughters to this abortion of a mistake of an invasion - not just of Iraq, but of Afghanistan, as well?
Capitalism has little regard for what should be morally objectionable. But others would say that ';unquenchable greed'; is just human nature - which may be true. It is sometimes a miserable fate to be human.
If we're going to keep paying for it, why should they? If I were them, I wouldn't cap it either. In fact, I'd raise gas to $20.00 a gallon and be done with it!
We are the ones who control the price of gas.
If we would get our collective heads together.
1. Start depending on mass tranist.
2. Drive reasonable cars we don't need to all be driving the urban destories.
3. Build refineries.
4. Allow more drilling for oil here like off the coast of FL and CA.
That would lead to price of gas to go down.
Until we all give up our own part of the solution price of gas is going to stay where it is.
I doubt if there will ever be a ';cap';. It's all about those green backs and who controls that...people in oil business. period
A free market does not like caps or artificial ceilings
Economics 101
It has become appallingly obvious that our technology has exceeded our humanity. - Albert Einstein
Carter tried that during his term. The result was disastrous and caused nationwide oil shortages as foreign suppliers took their oil elsewhere where they could make better profits.
The law of unintended consequences. You may think you're doing something beneficial in the short term but you'll find that it has a much worse effect you couldn't foresee later on.
Are oil prices gonna drop soon ??
I just read article about Saudi agreeing on producing more oil so are prices can become affordable again. Do u think the prices will drop ? and if yes by how much do u think ?Are oil prices gonna drop soon ??
Not much because the price you are paying is due in large part to your weak dollar, which is due in large part to your government being in massive debt.
So with a weak dollar, you are bound to get less gas for your money, obviously. Barrel prices are pegged to the dollar.
It's like asking if food prices will drop. Not if the loaf of bread you bought with a strong dollar some years ago is now purchased with the weaker dollar you spend now.Are oil prices gonna drop soon ??
Yes.
In the short-term.
Democrats will Ban more drilling to get Oil Prices back up.
Gore is calling for $6.00 a gallon gas by 12/31/08.
The Democrat Party is raking in Millions from the Environmentalists who want Higher Gas Prices.
Always Follow the Money Trail--- it Always leads to the Democrat Party.
Oil prices will drop as soon as the the value of the US dollar goes up prompting investors to start making other invesments instead of commodities.
Not if the President keeps sucking up the extra production to fill the Strategic Petroleum Reserve and Wall Street fat cats keep cornering the oil markets to offset their subprime losses.
Of course but that doesnt mean you can relax about it and consume on the same level, its still a finite resource
Lets be frank here, the prices of oil will not drop in a million years.
yes
about 20%
My guess is no, Not until we get oil of our own and do not have to depend on Arabian or South American oil
Not much because the price you are paying is due in large part to your weak dollar, which is due in large part to your government being in massive debt.
So with a weak dollar, you are bound to get less gas for your money, obviously. Barrel prices are pegged to the dollar.
It's like asking if food prices will drop. Not if the loaf of bread you bought with a strong dollar some years ago is now purchased with the weaker dollar you spend now.Are oil prices gonna drop soon ??
Yes.
In the short-term.
Democrats will Ban more drilling to get Oil Prices back up.
Gore is calling for $6.00 a gallon gas by 12/31/08.
The Democrat Party is raking in Millions from the Environmentalists who want Higher Gas Prices.
Always Follow the Money Trail--- it Always leads to the Democrat Party.
Oil prices will drop as soon as the the value of the US dollar goes up prompting investors to start making other invesments instead of commodities.
Not if the President keeps sucking up the extra production to fill the Strategic Petroleum Reserve and Wall Street fat cats keep cornering the oil markets to offset their subprime losses.
Of course but that doesnt mean you can relax about it and consume on the same level, its still a finite resource
Lets be frank here, the prices of oil will not drop in a million years.
yes
about 20%
My guess is no, Not until we get oil of our own and do not have to depend on Arabian or South American oil
A butterfly farts in Asia, so how much damage will this wind do that will raise oil prices to $135 a barrel???
Our government is a joke when it comes to caring what we pay when they make 6 figures a year...A butterfly farts in Asia, so how much damage will this wind do that will raise oil prices to $135 a barrel???
It is actually a little more complex than that. You see when a butterfly farts, the birds don't like to smell it and they then get ticked off %26amp; begin trying to eat all the catepillars. Then the chocolate covered catepillar futures go down and this begins a downward spiral of the whole Asian futures markets which in turns has global implications. So you see that $135/barrel price is well justified. Besides that someone has to WIN the game of Monopoly that were all playing or it will go on forever!!A butterfly farts in Asia, so how much damage will this wind do that will raise oil prices to $135 a barrel???
Oh great! You just gave the ';reason to raise the oil prices think tank'; a new idea. Just when they seemed to be running out.
let me get back to you on that
Its all about our corrupt govt. and the kick backs they all get, and thats it, they don't give a hoot, about the average American, anymore!!! we are chopped liver now!!!!!!
Actually there won`t be any damage, and due to the butterfly oil prices are going to drop. It was a magic asian butterfly and just one nano of an oz of methane from an asian magic butterfly is enough methane to power our earth for the next 20 million years. And the news get even better, an asian monk captured the little critter and we now have an unlimited supply of methane fuel. You buy one of my conversion kits and waaalaaa, Cheap fuel.
Exactly why I, as a Reagan-Republican, insist that alternatives are a GOOD thing...in fact the ONLY hope we may have as fossil-supplies are depleted.
I curse Al Gore and would do so to his face, given the chance - or would I? ... Might prefer not to lower myself to his level of self-LOVE.
Simply put, Al Gore's highest and best use is, IMHO, to be ';Flash-Carbonized';, voluntarily, using the method patented by Dr. Antal at the University of Hawaii.
Given his enormous and rapidly increasing mass, the energy this world could reap from his blubber is substantial.
...
Try seven or eight, but in answer to your question it will make the global warming crowd go wild and they will end up flying around and driving around a ton and oil will go up $2 from that, just wait till a cow does it. Take care.
It is actually a little more complex than that. You see when a butterfly farts, the birds don't like to smell it and they then get ticked off %26amp; begin trying to eat all the catepillars. Then the chocolate covered catepillar futures go down and this begins a downward spiral of the whole Asian futures markets which in turns has global implications. So you see that $135/barrel price is well justified. Besides that someone has to WIN the game of Monopoly that were all playing or it will go on forever!!A butterfly farts in Asia, so how much damage will this wind do that will raise oil prices to $135 a barrel???
Oh great! You just gave the ';reason to raise the oil prices think tank'; a new idea. Just when they seemed to be running out.
let me get back to you on that
Its all about our corrupt govt. and the kick backs they all get, and thats it, they don't give a hoot, about the average American, anymore!!! we are chopped liver now!!!!!!
Actually there won`t be any damage, and due to the butterfly oil prices are going to drop. It was a magic asian butterfly and just one nano of an oz of methane from an asian magic butterfly is enough methane to power our earth for the next 20 million years. And the news get even better, an asian monk captured the little critter and we now have an unlimited supply of methane fuel. You buy one of my conversion kits and waaalaaa, Cheap fuel.
Exactly why I, as a Reagan-Republican, insist that alternatives are a GOOD thing...in fact the ONLY hope we may have as fossil-supplies are depleted.
I curse Al Gore and would do so to his face, given the chance - or would I? ... Might prefer not to lower myself to his level of self-LOVE.
Simply put, Al Gore's highest and best use is, IMHO, to be ';Flash-Carbonized';, voluntarily, using the method patented by Dr. Antal at the University of Hawaii.
Given his enormous and rapidly increasing mass, the energy this world could reap from his blubber is substantial.
...
Try seven or eight, but in answer to your question it will make the global warming crowd go wild and they will end up flying around and driving around a ton and oil will go up $2 from that, just wait till a cow does it. Take care.
What are you feelings about the Oil companies making obscene profits while we pay record prices for fuel?
Make my blood boil!!!!What are you feelings about the Oil companies making obscene profits while we pay record prices for fuel?
lol its funny, you mention libertarian communism and ppl look at you like youve got 2 heads
yeah, cos capitalism is so much better huhWhat are you feelings about the Oil companies making obscene profits while we pay record prices for fuel?
Well what are commercial companies there for then..To make profits for their shareholders . To increase profits and dividends for their shareholders each year....You as the consumer and end user are at the bottom of the pile. Why should the oil companies consider you at all. You have no option but to pay the price asked. They are under no obl;igation to subsidise you at all. That is what business and capital investments are all about. If you want to benefit from all this, then become a shareholder in an oil company. Either that or sell the car ...
Don't forget that oil companies don't set the prices at the pump...investors at the New York Mecantile Exchange do. Those traders set the price at which crude oil (which is a commodity) is purchased based off assumptions (ie - oil shortages, war, hurricanes, etc.) that could cause disruptions in supply. Also, the refineries that produce the gasoline that can be used by consumers add fees to the fuel based off operation costs. Sure, big oil makes a profit and loves it when oil prices go up. But they also don't want them to go up so much as to keep people from driving. So as an American (I assume you are) you have every right to be peeved about gas prices but I can assure you that until lots of people start reducing their consumption of gas in this country you won't see prices coming down much in the future.
So to answer your question...personally, I don't really care. It's called capitalism. If you don't like it, move to China or Cuba. No one likes paying more for gas than they have to but get realistic here...the world changes so plan for it. I don't make that much money but I still manage to budget (and save money) for fluctuations in the cost of living. That's life...
Thre was actually a study designed by Hubert Peak along with many other in the 1950's. In it he said that as the source of Oil becomes harder to find, the more it would need to cost to make it economically viable to keep on searching. The only way was to increase the cost of a barrel of oil. Obviously these companies are not in the business of charity but in the business of making money, yes it is wrong that we should pay so much while they make so much. Fact is the money they make doesn't come from what we spend. We are only a fraction of a profit. Their money comes from the sale of a barrel of oil on the world stock market which they don't control. Rest of the money we spend comes from the government.
Oh by the way I don't work for oil company incase I sound kinda bias......however what I would like to add this may be a good time to invest some stocks in these companies who seem to be performing while most everyone else is struggling
The reason why we pay so much in this country is becasue of the high taxation - its not the Oil copmpanies that set the price that we pay. That taxation goes in the NHS; into schooling; into the roads; into local authorities; libraries; colleges; universitries; but to name a few all over this country.
I was in the Caribbean at Xmas where they pay the equivalent of under 2p per litre but the infrastucture was so poor - the roads were unmaintained, they were people starving on the streets, the schools were falling down and you could not get medical treatment without paying a fortune for it. I'd rather pay more on my petrol and have the services that we have than have cheap petrol with no services at all.
At the end of the day, the Government makes more money from a litre of fuel than the Oil Company or the Garage selling it does.
ON average the price of a litre of fuel is devided like this:
30p to the Oil Company
8p to the Garage selling it
The rest goes on fuel duty to the Government.
I'm more incensed with the Government for the prices than I am with the Oil Company.
Isn't it disgusting? Meanwhile, small businesses are closing, record numbers of people are unemployed. I know people who have had to leave their jobs because it was costing them more money to drive there than they were making. Pretty sad... it used to cost me around 10% of my income for fuel. Now it has practically doubled. I live in Michigan so 7 months out of the year I pay for heating fuel, as well. That has also increased to almost double from last year. As it stands now, we barely scrape by and NO WAY can we even think about savings or investments, there just isn't enough left after surviving.
Spot on there Boris. It's scandalous and the point will come when it's just too expensive for the haulage firms to survive which will simply cripple the country. Who will deliver the goods? People in the ';eco'; cars such as the toyota prius? Yeah right!
As much as I agree with you on the greed of the oil companies, we must also blame His Royal Brownness and his sidekick Alistair Darling (and previous politicians) for making us brits pay some of the highest fuel tax in the world.
And another group to blame is the idiot greenies who encourage high fuel prices because they feel guilty about using fuel. Well I have an idea for the greenies. Don't use fuel. And stop trying to make everybody elses lives harder simply because you don't want to drive/fly/wahatever.
Oh my blood is starting to boil too!!!
By the way vote Boris!! Ken's a ^%26amp;';^%26amp;*';^*%26amp;^*(';*(!!!!
Pardon me, but I was under the impression that the purpose of a business is to make as much money as possible.
Don't you usually ride to work on a bicycle, Boris?
It pales into insignificance compared to the taxes taken by the Government ! You have to remember that it is beginning to cost more and more to extract the stuff from the ground. They have to invest to explore !
Robbery ? Abuse of their position ? Monopoly ?
And by the way.... no..... never... that Boris glamour position seeking make-belief-eccentric for Mayor.
That's all he is........ a make belief eccentric and albino too, LOL.
it is just pure greed on their part if it was cheaper i think people would put more in the tank i know i would ,being out of work i can't afford to put a lot of petrol in my car.
I blame the Saudis, Iranians and all OPEC countries They are filthy rich from nothing but the worlds oil supply. Without it all those diaper head countries would be s-h-i-t!!!!
Scandalous. But, I'm invested with many energy stocks. So, in essence, I get a kickback, legally.
I'll give you a clue, two words, first word sounds like clucking and you can guess the 2nd bit.
Mind you all those companies must be rubbing their greedy little hands together.
It's high time we found another energy source like Hydrogen.
';supply and demand'; or a state run ';planned economy'; - u decide?
so long as they don't start taxing hay and oats!!
(Rudolf And the rest will be really angry!!)
it is obscene.
Yup.... and its only gonna continue in the same way, they will make sure of that.
That's the problem...we PAY record prices. Stop paying!!!
I don't drive so not really bothered.
pisses me off. Freaking 25%. that IS OBSENE!top makeup
lol its funny, you mention libertarian communism and ppl look at you like youve got 2 heads
yeah, cos capitalism is so much better huhWhat are you feelings about the Oil companies making obscene profits while we pay record prices for fuel?
Well what are commercial companies there for then..To make profits for their shareholders . To increase profits and dividends for their shareholders each year....You as the consumer and end user are at the bottom of the pile. Why should the oil companies consider you at all. You have no option but to pay the price asked. They are under no obl;igation to subsidise you at all. That is what business and capital investments are all about. If you want to benefit from all this, then become a shareholder in an oil company. Either that or sell the car ...
Don't forget that oil companies don't set the prices at the pump...investors at the New York Mecantile Exchange do. Those traders set the price at which crude oil (which is a commodity) is purchased based off assumptions (ie - oil shortages, war, hurricanes, etc.) that could cause disruptions in supply. Also, the refineries that produce the gasoline that can be used by consumers add fees to the fuel based off operation costs. Sure, big oil makes a profit and loves it when oil prices go up. But they also don't want them to go up so much as to keep people from driving. So as an American (I assume you are) you have every right to be peeved about gas prices but I can assure you that until lots of people start reducing their consumption of gas in this country you won't see prices coming down much in the future.
So to answer your question...personally, I don't really care. It's called capitalism. If you don't like it, move to China or Cuba. No one likes paying more for gas than they have to but get realistic here...the world changes so plan for it. I don't make that much money but I still manage to budget (and save money) for fluctuations in the cost of living. That's life...
Thre was actually a study designed by Hubert Peak along with many other in the 1950's. In it he said that as the source of Oil becomes harder to find, the more it would need to cost to make it economically viable to keep on searching. The only way was to increase the cost of a barrel of oil. Obviously these companies are not in the business of charity but in the business of making money, yes it is wrong that we should pay so much while they make so much. Fact is the money they make doesn't come from what we spend. We are only a fraction of a profit. Their money comes from the sale of a barrel of oil on the world stock market which they don't control. Rest of the money we spend comes from the government.
Oh by the way I don't work for oil company incase I sound kinda bias......however what I would like to add this may be a good time to invest some stocks in these companies who seem to be performing while most everyone else is struggling
The reason why we pay so much in this country is becasue of the high taxation - its not the Oil copmpanies that set the price that we pay. That taxation goes in the NHS; into schooling; into the roads; into local authorities; libraries; colleges; universitries; but to name a few all over this country.
I was in the Caribbean at Xmas where they pay the equivalent of under 2p per litre but the infrastucture was so poor - the roads were unmaintained, they were people starving on the streets, the schools were falling down and you could not get medical treatment without paying a fortune for it. I'd rather pay more on my petrol and have the services that we have than have cheap petrol with no services at all.
At the end of the day, the Government makes more money from a litre of fuel than the Oil Company or the Garage selling it does.
ON average the price of a litre of fuel is devided like this:
30p to the Oil Company
8p to the Garage selling it
The rest goes on fuel duty to the Government.
I'm more incensed with the Government for the prices than I am with the Oil Company.
Isn't it disgusting? Meanwhile, small businesses are closing, record numbers of people are unemployed. I know people who have had to leave their jobs because it was costing them more money to drive there than they were making. Pretty sad... it used to cost me around 10% of my income for fuel. Now it has practically doubled. I live in Michigan so 7 months out of the year I pay for heating fuel, as well. That has also increased to almost double from last year. As it stands now, we barely scrape by and NO WAY can we even think about savings or investments, there just isn't enough left after surviving.
Spot on there Boris. It's scandalous and the point will come when it's just too expensive for the haulage firms to survive which will simply cripple the country. Who will deliver the goods? People in the ';eco'; cars such as the toyota prius? Yeah right!
As much as I agree with you on the greed of the oil companies, we must also blame His Royal Brownness and his sidekick Alistair Darling (and previous politicians) for making us brits pay some of the highest fuel tax in the world.
And another group to blame is the idiot greenies who encourage high fuel prices because they feel guilty about using fuel. Well I have an idea for the greenies. Don't use fuel. And stop trying to make everybody elses lives harder simply because you don't want to drive/fly/wahatever.
Oh my blood is starting to boil too!!!
By the way vote Boris!! Ken's a ^%26amp;';^%26amp;*';^*%26amp;^*(';*(!!!!
Pardon me, but I was under the impression that the purpose of a business is to make as much money as possible.
Don't you usually ride to work on a bicycle, Boris?
It pales into insignificance compared to the taxes taken by the Government ! You have to remember that it is beginning to cost more and more to extract the stuff from the ground. They have to invest to explore !
Robbery ? Abuse of their position ? Monopoly ?
And by the way.... no..... never... that Boris glamour position seeking make-belief-eccentric for Mayor.
That's all he is........ a make belief eccentric and albino too, LOL.
it is just pure greed on their part if it was cheaper i think people would put more in the tank i know i would ,being out of work i can't afford to put a lot of petrol in my car.
I blame the Saudis, Iranians and all OPEC countries They are filthy rich from nothing but the worlds oil supply. Without it all those diaper head countries would be s-h-i-t!!!!
Scandalous. But, I'm invested with many energy stocks. So, in essence, I get a kickback, legally.
I'll give you a clue, two words, first word sounds like clucking and you can guess the 2nd bit.
Mind you all those companies must be rubbing their greedy little hands together.
It's high time we found another energy source like Hydrogen.
';supply and demand'; or a state run ';planned economy'; - u decide?
so long as they don't start taxing hay and oats!!
(Rudolf And the rest will be really angry!!)
it is obscene.
Yup.... and its only gonna continue in the same way, they will make sure of that.
That's the problem...we PAY record prices. Stop paying!!!
I don't drive so not really bothered.
pisses me off. Freaking 25%. that IS OBSENE!
Heating Oil prices? Now or later?
Anybody got an educated guess about heating oil prices this year? I got stung last year buying at the wrong time.Please don't recommend web sites as I have checked them out already.Heating Oil prices? Now or later?
Just a guess, but as company's are going belly up, left right and center.
And investors putting their money into oil and necessity. Oil is going to go back up, make a crap load for the new investors, then when they feel the public can't take anymore, go back down.
Either way you look at, the average person is going to get screwed.
Just a guess, but as company's are going belly up, left right and center.
And investors putting their money into oil and necessity. Oil is going to go back up, make a crap load for the new investors, then when they feel the public can't take anymore, go back down.
Either way you look at, the average person is going to get screwed.
Would the prices of Oil ever come down again?
They will come down. This happens in cycles--we're just in a bad part right now.
But we do need to find alternative sources for the future!!Would the prices of Oil ever come down again?
When demand goes down, the prices will come down... which is just forces americans to look for alternatives to run their giant SUVs on, which in the longer run is better than depending upon just this one fuel source.Would the prices of Oil ever come down again?
If the rest of the economy recovers, and speculators move their money back to other areas, it may come down, but I dont expect anything to happen before the election
But we do need to find alternative sources for the future!!Would the prices of Oil ever come down again?
When demand goes down, the prices will come down... which is just forces americans to look for alternatives to run their giant SUVs on, which in the longer run is better than depending upon just this one fuel source.Would the prices of Oil ever come down again?
If the rest of the economy recovers, and speculators move their money back to other areas, it may come down, but I dont expect anything to happen before the election
Rising oil prices !!?
As the price of crude oil has been steadily increasing, and the International Energy Agency saying future output might be much lower than previously forecasted, how does this affect the oil %26amp; gas industry ? Does rising prices of crude equate to larger profits for upstream companies ? And will the 'apparently' higher global demand mean such companies will increase their recruiting numbers ?Rising oil prices !!?
Not really; as oil/gas become harder to find, the price of finding, extracting, cleaning/refining it also grows. As long as the energy companies feel there is money to be made in this process, it will continue but at some point, they will decide that the cost of extracting oil becomes too high and will funnel profits into research for new energy sources. Extracting oil is a high cost and risky venture - the reason returns on oil stocks have only averaged 8% the last 20 years (avg is 12%). As long as they can see a profit, exploration and operations staff will be expanded and jobs there available. However - oil has a strong bubble/bust history and after a bust - high percentages of people, even those with advanced degrees, are fired. I wouldn't shy away from getting a Masters in geophysics or oil field management but beware that there will likely be ups and downs.Rising oil prices !!?
Nowadays prices of commodities are set by speculation and headlines focused on fuel supplies which has caused the trouble we now face. Supply/demand-lower production=higher prices, wait, then why am I hearing so much news about Venezuela/Canada considering doubling crude production? Higher crude prices only benefit these people: Oil especially and resource/raw material producers. Basically all other industries suffer maybe other than some hot technology related companies. High prices usually come from economic trouble which is what is creating the high prices now. If you look at recruiting as increased oil industry jobs, that will probably be a no. All oil is now pumped/refined by using high tech machines that require little physical labor. Improved technology has cost countless jobs in many instances.
The high price of oil is caused by the manipulation of the supply of oil by the oil companies and the energy market. As you are probably aware of by now the world economy has actually slowed just as the U.S. economy has. But they still blame the high prices on the economies of the world growing faster then the oil supply. The high prices are the direct result of greed!
Not really; as oil/gas become harder to find, the price of finding, extracting, cleaning/refining it also grows. As long as the energy companies feel there is money to be made in this process, it will continue but at some point, they will decide that the cost of extracting oil becomes too high and will funnel profits into research for new energy sources. Extracting oil is a high cost and risky venture - the reason returns on oil stocks have only averaged 8% the last 20 years (avg is 12%). As long as they can see a profit, exploration and operations staff will be expanded and jobs there available. However - oil has a strong bubble/bust history and after a bust - high percentages of people, even those with advanced degrees, are fired. I wouldn't shy away from getting a Masters in geophysics or oil field management but beware that there will likely be ups and downs.Rising oil prices !!?
Nowadays prices of commodities are set by speculation and headlines focused on fuel supplies which has caused the trouble we now face. Supply/demand-lower production=higher prices, wait, then why am I hearing so much news about Venezuela/Canada considering doubling crude production? Higher crude prices only benefit these people: Oil especially and resource/raw material producers. Basically all other industries suffer maybe other than some hot technology related companies. High prices usually come from economic trouble which is what is creating the high prices now. If you look at recruiting as increased oil industry jobs, that will probably be a no. All oil is now pumped/refined by using high tech machines that require little physical labor. Improved technology has cost countless jobs in many instances.
The high price of oil is caused by the manipulation of the supply of oil by the oil companies and the energy market. As you are probably aware of by now the world economy has actually slowed just as the U.S. economy has. But they still blame the high prices on the economies of the world growing faster then the oil supply. The high prices are the direct result of greed!
Do to the fact that our president owns half the oil wells in Texas why is crude oil priced so high?
my thoughts exactly. i heard him say today that he is opening up the wildlife for more oil drilling. i thought yeah you would since he would make a profit off it because of the family oil businessDo to the fact that our president owns half the oil wells in Texas why is crude oil priced so high?
Can you show us some facts to back up that allegation?
Crude Oil is a Commodity. That means crude's price is set almost solely by the Market, not so much by individual companies, nor especially well owners, for pete's sake. Besides, 2/3 of our oil comes from Imports, so even if Bush did own that many wells, and GAVE the oil away, you'd never see the price at the consumer end drop a single penny.Do to the fact that our president owns half the oil wells in Texas why is crude oil priced so high?
he dose not own half the wells in texas. I do
He doesn't own ';half the oil wells in Texas.'; And even if he did, the world's supply of oil doesn't really come from Texas. Even the US supply of oil comes from all over the world, mostly the Middle East.
Crude oil is expensive because there's a high demand for a limited resource.
I鈥檇 have to see those statistics or where you got your information; I鈥檓 pretty sure he doesn鈥檛 own half the oil wells in Texas, but I do know for a fact his closest friends do and we import 0% of our natural gas, but are still getting stiffed on our energy bills. Yep by the time Bush leaves office, all of his friends are going to be very happy with the job he鈥檚 done.
assuming everything you say is true.
you just answered your own question.
Oil has everything to do with W.
He invaded Iraq for the oil. He wants to invade Iran cuz of the oil. He will do nothing but superficial actions to make it look like he wants the price of gas to go down.
The reality is, he is from an oil family. If the price of oil goes up, he benifits.
What do you think??
One has very little to do with the other.
Can you show us some facts to back up that allegation?
Crude Oil is a Commodity. That means crude's price is set almost solely by the Market, not so much by individual companies, nor especially well owners, for pete's sake. Besides, 2/3 of our oil comes from Imports, so even if Bush did own that many wells, and GAVE the oil away, you'd never see the price at the consumer end drop a single penny.Do to the fact that our president owns half the oil wells in Texas why is crude oil priced so high?
he dose not own half the wells in texas. I do
He doesn't own ';half the oil wells in Texas.'; And even if he did, the world's supply of oil doesn't really come from Texas. Even the US supply of oil comes from all over the world, mostly the Middle East.
Crude oil is expensive because there's a high demand for a limited resource.
I鈥檇 have to see those statistics or where you got your information; I鈥檓 pretty sure he doesn鈥檛 own half the oil wells in Texas, but I do know for a fact his closest friends do and we import 0% of our natural gas, but are still getting stiffed on our energy bills. Yep by the time Bush leaves office, all of his friends are going to be very happy with the job he鈥檚 done.
assuming everything you say is true.
you just answered your own question.
Oil has everything to do with W.
He invaded Iraq for the oil. He wants to invade Iran cuz of the oil. He will do nothing but superficial actions to make it look like he wants the price of gas to go down.
The reality is, he is from an oil family. If the price of oil goes up, he benifits.
What do you think??
One has very little to do with the other.
Next to oil and gas prices are car insurance prices too high anyone agree?
Whats the deal the government wants everyone to participate in paying for auto insurance yet the prices are rediculous what happened to buying a car and registering it thats it? Does the government think about Americans servival aside from gas, food, children, mortgage blah blah blah............. or do people vote for laws blind folded????Next to oil and gas prices are car insurance prices too high anyone agree?
The attorneys get a HUGE percentage of your insurance dollar. They pay massive amounts to lobby against tort reform, so they can keep getting HUGE percentages of insurance payouts (usually about 30% of a claim). They LOVE suing, because juries are very sympathetic towards the little guy and like giving big awards against the big, mean insurance companies.
And yes, we keep voting in politicians that want the lawyer's money for their re-elections, so make the laws that favor the lawyers.
BTW, medical insurance is much more expensive than car insurance, IMHO.Next to oil and gas prices are car insurance prices too high anyone agree?
I had a rediculous price premium for insurance on my old car from the early 90s. I sold that sucker, bought a brand new 2005 model that comes with way cheaper insurance. Could be new safety features?
Paying $1500 a year for a car that had a blue book value of $2200 was rediculous.
The way the government sees the auto industry is that it is still a privlage, not a need, to own and drive a car. But as we can already see, gasoline prices are taking a big bite out of the national GDP. George Bush, in a speech today, said that gasoline is basically an added tax on the public. Big box retailers are paying less in taxes with reduced profits because people can't afford to go shopping. Wal-Mart's last quarter was terrible, and many other companies are warning about future earnings with the general problem coming from high energy prices. Oil companies do pay their share of taxes, but if the rest of corporate America begins paying less in taxes because of reduced income, the budget will get squeezed again.
If there weren't all these dorks cruising around without insurance and having wrecks, you'd notice a drop in your rates. Couple that with the ever rising cost of auto repair and consider the litiginous society we live in and is it any wonder our rates are sky-high?
what i think is funny is everyone complains about gas but if you buy water by the bottle it is even more expensive than gas. It's WATER something that is suppose to be free. Yet bottle it and put a fancy name on it and people buy anything lol
But yes car insurance, oil gas everything is climbing and don't forget taxes...
to answer all your questions YES
Yes.
I did have State Farm, my monthly premium was $148.00. I now have E-surance. My premium is $89/ month for the same coverage. 2 cars- a 1993 Beretta with min. coverage, and a 2002 Impala with full coverage.
yes, yes yes yes yes
The attorneys get a HUGE percentage of your insurance dollar. They pay massive amounts to lobby against tort reform, so they can keep getting HUGE percentages of insurance payouts (usually about 30% of a claim). They LOVE suing, because juries are very sympathetic towards the little guy and like giving big awards against the big, mean insurance companies.
And yes, we keep voting in politicians that want the lawyer's money for their re-elections, so make the laws that favor the lawyers.
BTW, medical insurance is much more expensive than car insurance, IMHO.Next to oil and gas prices are car insurance prices too high anyone agree?
I had a rediculous price premium for insurance on my old car from the early 90s. I sold that sucker, bought a brand new 2005 model that comes with way cheaper insurance. Could be new safety features?
Paying $1500 a year for a car that had a blue book value of $2200 was rediculous.
The way the government sees the auto industry is that it is still a privlage, not a need, to own and drive a car. But as we can already see, gasoline prices are taking a big bite out of the national GDP. George Bush, in a speech today, said that gasoline is basically an added tax on the public. Big box retailers are paying less in taxes with reduced profits because people can't afford to go shopping. Wal-Mart's last quarter was terrible, and many other companies are warning about future earnings with the general problem coming from high energy prices. Oil companies do pay their share of taxes, but if the rest of corporate America begins paying less in taxes because of reduced income, the budget will get squeezed again.
If there weren't all these dorks cruising around without insurance and having wrecks, you'd notice a drop in your rates. Couple that with the ever rising cost of auto repair and consider the litiginous society we live in and is it any wonder our rates are sky-high?
what i think is funny is everyone complains about gas but if you buy water by the bottle it is even more expensive than gas. It's WATER something that is suppose to be free. Yet bottle it and put a fancy name on it and people buy anything lol
But yes car insurance, oil gas everything is climbing and don't forget taxes...
to answer all your questions YES
Yes.
I did have State Farm, my monthly premium was $148.00. I now have E-surance. My premium is $89/ month for the same coverage. 2 cars- a 1993 Beretta with min. coverage, and a 2002 Impala with full coverage.
yes, yes yes yes yes
Oil prices drop as we get nearer to election.?
Is it any surprise that the price of oil is dropping as the oil rich republican administration and their good buddy oil rich countries want to keep the republicans in office?Oil prices drop as we get nearer to election.?
You can't forget the possibility that it may be to help auto manufacturing get out of a slump.
The pres just met with the big3 and prices fell soon after.Oil prices drop as we get nearer to election.?
I read where Ford atleast will be redesigning a whole new line of cars aimed at better fuel economy.
Also they will be standardizing chasis design much like they did with the Fox Body and the MN12 only on a smaller wheel base. Report Abuse
Yeah. It's all just politics!
It has nothing to do with the election it has every thing to do with oil price speculators taking the money they made bidding up the price and moving on. Demand drops in the Fall and the price also. Elections are in the Fall cause its after Harvest season.
Is it any surprise to you that oil and gasoline prices drop after the end of summer vacation travel? They ALWAYS DO. Simple supply and demand. The Republican administration does not and CANNOT control the price of oil to any significant extent. About all they can do is release some oil from the strategic reserves, which was done at the height of oil prices, not before elections.
No it spiked again...Yesterday $2.70 today $2.75...very upsetting...!! That theory is out the window....Bush kinda ruined it for the Republicans didn't he?
You can't forget the possibility that it may be to help auto manufacturing get out of a slump.
The pres just met with the big3 and prices fell soon after.Oil prices drop as we get nearer to election.?
I read where Ford atleast will be redesigning a whole new line of cars aimed at better fuel economy.
Also they will be standardizing chasis design much like they did with the Fox Body and the MN12 only on a smaller wheel base. Report Abuse
Yeah. It's all just politics!
It has nothing to do with the election it has every thing to do with oil price speculators taking the money they made bidding up the price and moving on. Demand drops in the Fall and the price also. Elections are in the Fall cause its after Harvest season.
Is it any surprise to you that oil and gasoline prices drop after the end of summer vacation travel? They ALWAYS DO. Simple supply and demand. The Republican administration does not and CANNOT control the price of oil to any significant extent. About all they can do is release some oil from the strategic reserves, which was done at the height of oil prices, not before elections.
No it spiked again...Yesterday $2.70 today $2.75...very upsetting...!! That theory is out the window....Bush kinda ruined it for the Republicans didn't he?
Oil prices?
why are we not pumping the ---- out of alaska and the gulf of mexico? the economy depends on oil. oil runs america. three huggers say it hurts the enviroment. the U.S. is gunna be a broke jobless country. this needs to be done. foreign oil aids terrorests countries. We are ruining american by tree hugers. Look and see whats going on.Oil prices?
You Americans should consider yourselves lucky - you have the cheapest oil prices in the western world.Oil prices?
China and India are starting to consume more oil than we do, so no matter what we do (drill for more oil or stop using it altogether), it won't change demand for Middle Eastern oil.
American Governments are reponsible for murdering, stealing and bribing in the oil industry. America has strategically created an unfair competition in the oil industry by holding middle eastern nations to ransom basically, in order to mantain control of the oil.
The environmental radicals are causing the problems once again. Wait until our food prices skyrocket due to the environmental wackos insisting on our burning food in our cars and trucks. And for our electricity costs to double because the global warming kooks fight every new power plant needed in the USA. Now they are trying to make it illegal to buy oil from Canada. What a bunch of crap. These people need to be stopped and ignored.
I think China and the US are getting smart to preserve the reserved oil. Crude oil is not the renewable resources just like wild animals or the pine trees. Soon or later the oil will run out in this world. It is said that Canada's Great Canadian oil sand reserved in Alberta is greater than the Saudi Arabia and Russia. It is not just for the sake of environmental protection. There's hidden secret in the trading market of food commodities and crude oil. The American financial people want to boost up the stock markets by means of controlling the oil prices relating to certain circumstance such as the produced barrals of crude oil in OPEC countries will decide the oil prices. Many bankers and investors are making money by buying crude oil in low price and sell it at higher price. You are damn right of thinking Americans should learn the self-sufficient without any imperialistic intent. However, people are getting the negative side of moral and content. They are described as ';greed';, ';selfish';, and ';fear';.
you bet ye.
You Americans should consider yourselves lucky - you have the cheapest oil prices in the western world.Oil prices?
China and India are starting to consume more oil than we do, so no matter what we do (drill for more oil or stop using it altogether), it won't change demand for Middle Eastern oil.
American Governments are reponsible for murdering, stealing and bribing in the oil industry. America has strategically created an unfair competition in the oil industry by holding middle eastern nations to ransom basically, in order to mantain control of the oil.
The environmental radicals are causing the problems once again. Wait until our food prices skyrocket due to the environmental wackos insisting on our burning food in our cars and trucks. And for our electricity costs to double because the global warming kooks fight every new power plant needed in the USA. Now they are trying to make it illegal to buy oil from Canada. What a bunch of crap. These people need to be stopped and ignored.
I think China and the US are getting smart to preserve the reserved oil. Crude oil is not the renewable resources just like wild animals or the pine trees. Soon or later the oil will run out in this world. It is said that Canada's Great Canadian oil sand reserved in Alberta is greater than the Saudi Arabia and Russia. It is not just for the sake of environmental protection. There's hidden secret in the trading market of food commodities and crude oil. The American financial people want to boost up the stock markets by means of controlling the oil prices relating to certain circumstance such as the produced barrals of crude oil in OPEC countries will decide the oil prices. Many bankers and investors are making money by buying crude oil in low price and sell it at higher price. You are damn right of thinking Americans should learn the self-sufficient without any imperialistic intent. However, people are getting the negative side of moral and content. They are described as ';greed';, ';selfish';, and ';fear';.
you bet ye.
Oil Prices?
I was wondering if anybody can help me with my oil project on why different gas stations have different prices such as a Mobil and another Mobil down the street. Also, if anyone can help me with any good websites I can visit to get information related to this subject would be very helpful. In addition, maybe someone can lead me to why city avgs are different than the national average. Thank youOil Prices?
It all boils down to competition.Each of the stations will compete agains the other stations in their immediate area.So the Mobil on one side of town is competing with the othe stations close to them,while the other Mobile across town is competing with the ones in that area.Averages are a total of a certain amount of stations prices in a given area,so say you have 20 stations in a city.You add up the price of each station and divide that by 20,that would be your average.This means that a city average is based on a smaller number of stations and prices compaired to a national average.Hope that helps clear it up.
It all boils down to competition.Each of the stations will compete agains the other stations in their immediate area.So the Mobil on one side of town is competing with the othe stations close to them,while the other Mobile across town is competing with the ones in that area.Averages are a total of a certain amount of stations prices in a given area,so say you have 20 stations in a city.You add up the price of each station and divide that by 20,that would be your average.This means that a city average is based on a smaller number of stations and prices compaired to a national average.Hope that helps clear it up.
Saturday, August 21, 2010
Did the oil companies in partmership with the Bush administration cause Inflation by influencing gas price...?
...increases at 100%?Did the oil companies in partmership with the Bush administration cause Inflation by influencing gas price...?
yesDid the oil companies in partmership with the Bush administration cause Inflation by influencing gas price...?
Yes. And their henchmen the dolphin men who live in the sun knocked down the towers on 9-11 with secret ray weapons they installed in Atlantis. I love conspiracies, don't you? This is so fun. Make up another one. Can we have, like, a secret handshake for this?
Yes. The Bush adminstration is out to get you personally by arranging for higher oil and gas prices. They have your name on a list for asking this question and the next time you pull in to a gas pump watch the prise rise -- just for you.
Go O'Bama.
remember Bush is from texas oil country . . yes
This is a myth! There are no oil companies in partnership with the government. The price of oil, manipulated by O.P.E.C., on the other hand is directly responsible for the increase in gasoline prices. This increase in gas prices is largely responsible for inflation because of increasing the cost of transporting goods across the country as well as people to and from their jobs!
j
Put down the Kool Aid and understand the truth (it will set you free from your hatred):
For the first quarter of 2008, the average state gasoline tax is 28.6 cents per gallon, plus 18.4 cents per gallon federal tax making the total 47 cents per gallon.
Crude oil price represents about 50% of gasoline prices. Do you think OPEC would do what the oil companies and Bush want? Look at who makes up OPEC: Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia, Socialist Peoples Libyan Arab Jamahiriya, United Arab Emirates, Algeria, Nigeria, and Ecuador.
Distributing and marketing costs are about 10% of the cost of gasoline and the remaining 20% or so is refining costs. There hasn't been a refinery built in the USA since around 1975. Refineries are running at 100% capacity. Environmentalists have made sure no more refineries are likely to be built. So, when a refinery has a major problem, that affects the price of gasoline due to a decrease in supply.
Another factor driving up gasoline prices is the complex cornucopia of boutique gasoline blends. The refineries and pipelines must be shut down and cleaned whenever a different formulation is produced. With so many different formulations for gasoline, that is an inefficient way to produce the product.
A GAO report released last year lays out the boutique fuels problems:
';The proliferation of special gasoline blends has made it more complicated to supply gasoline and has raised costs, significantly affecting operations at refineries, pipelines, and storage terminals. At refineries, making these blends can require additional investment such as installing new processing equipment and the use of larger amounts of valuable components in the blending process鈥攎aking it more costly to produce special gasoline blends. Once produced, different blends of gasoline must be kept separate throughout the shipping and delivery process, and the increased number of gasoline blends has reduced the capacity of pipelines and storage terminal facilities, which were originally designed to handle fewer products. For example, several pipeline companies reported that the capacity of their systems has been reduced because they have had to slow the speed of products through the pipelines in order to off-load special blends at specific locations, which raises the average cost of shipping gasoline. Similarly, storage terminals have not been able to fully utilize the volume of their storage tanks because the tanks were designed to handle fewer types of fuel and are often larger in size and fewer in number than necessary for handling smaller batches of special gasoline blends. Further, the proliferation of special blends has, according to several buyers from these wholesale markets, limited the number of suppliers of some of these fuels, posing challenges when traditional supplies are disrupted, such as during a refinery outage or pipeline delay. In the past, local supply disruptions could be addressed relatively quickly by bringing fuel from nearby locations; now, however, additional supplies of special gasoline blends may be hundreds of miles away.';
Therefore, the price of gasoline is attributable to a number of factors out of the control of the oil companies and the Bush administration. If you want to have lower gasoline prices, change the laws and let them build more refineries, get rid of so many blends of gasoline, and allow drilling in ANWR.
Absolutely not.. the oil companies are not in with the Bush administration either... You folks dont understand some real basic thing.. Oil is a world commodity and the price is what it is because of supply and demand.. Also.. all the regulations preventing refineries from being built have caused it.. If the oil cant be refined ,.,, it cant be turned into gasoline..The entire world is using much more oil and gas and less is being produced for many reasons... mainly environmental regulations... which I understand and agree with.. but we still need fuel.. All the folks in California are gripping about oil prices and yet they refuse to let the oil companies drill off shore there.. but they dont mind it being done other places like Texas and Louisiana... and then they want cheap gas.. how much sense does that make??? I guess it is human nature to try and blame some one else for all our problems...but truthfully we create our own problems.. most of us waste fuel....etc..
Hello Again. I will stop if you stop posting uneducated questions.
The rise in oil prices is do the the huge demand of oil in India and China. Also, we have billions of gallons of oil buried beneath our own soil that we could drill, if the liberal tree huggers would realize that crude oil is still currently better for the environment that the BS ethanal garbage they wish we would use.
It is the policies and actions around the world of the Bush administration combined with growing global demand on an ever decreasing commodity (oil) that has caused the price to rise. Other factors play into this, such as refining capacity, and environmental laws. His relationship with oil business has helped them to maximize their profits. Despite blaming the lack of sucking domestic oil dry, studies have shown that raising the fuel efficiency of all cars, trucks and diesels would be the best way to lower demand or save oil, that combined with other energy conservation and alternative energy production could go a long way lowering gas prices. Bottom line, it is we the users that are responsible. We buy it and elected (sort of) Bush.
I bet you blame Bush for that nasty zit you have on your butt to right?
yesDid the oil companies in partmership with the Bush administration cause Inflation by influencing gas price...?
Yes. And their henchmen the dolphin men who live in the sun knocked down the towers on 9-11 with secret ray weapons they installed in Atlantis. I love conspiracies, don't you? This is so fun. Make up another one. Can we have, like, a secret handshake for this?
Yes. The Bush adminstration is out to get you personally by arranging for higher oil and gas prices. They have your name on a list for asking this question and the next time you pull in to a gas pump watch the prise rise -- just for you.
Go O'Bama.
remember Bush is from texas oil country . . yes
This is a myth! There are no oil companies in partnership with the government. The price of oil, manipulated by O.P.E.C., on the other hand is directly responsible for the increase in gasoline prices. This increase in gas prices is largely responsible for inflation because of increasing the cost of transporting goods across the country as well as people to and from their jobs!
j
Put down the Kool Aid and understand the truth (it will set you free from your hatred):
For the first quarter of 2008, the average state gasoline tax is 28.6 cents per gallon, plus 18.4 cents per gallon federal tax making the total 47 cents per gallon.
Crude oil price represents about 50% of gasoline prices. Do you think OPEC would do what the oil companies and Bush want? Look at who makes up OPEC: Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia, Socialist Peoples Libyan Arab Jamahiriya, United Arab Emirates, Algeria, Nigeria, and Ecuador.
Distributing and marketing costs are about 10% of the cost of gasoline and the remaining 20% or so is refining costs. There hasn't been a refinery built in the USA since around 1975. Refineries are running at 100% capacity. Environmentalists have made sure no more refineries are likely to be built. So, when a refinery has a major problem, that affects the price of gasoline due to a decrease in supply.
Another factor driving up gasoline prices is the complex cornucopia of boutique gasoline blends. The refineries and pipelines must be shut down and cleaned whenever a different formulation is produced. With so many different formulations for gasoline, that is an inefficient way to produce the product.
A GAO report released last year lays out the boutique fuels problems:
';The proliferation of special gasoline blends has made it more complicated to supply gasoline and has raised costs, significantly affecting operations at refineries, pipelines, and storage terminals. At refineries, making these blends can require additional investment such as installing new processing equipment and the use of larger amounts of valuable components in the blending process鈥攎aking it more costly to produce special gasoline blends. Once produced, different blends of gasoline must be kept separate throughout the shipping and delivery process, and the increased number of gasoline blends has reduced the capacity of pipelines and storage terminal facilities, which were originally designed to handle fewer products. For example, several pipeline companies reported that the capacity of their systems has been reduced because they have had to slow the speed of products through the pipelines in order to off-load special blends at specific locations, which raises the average cost of shipping gasoline. Similarly, storage terminals have not been able to fully utilize the volume of their storage tanks because the tanks were designed to handle fewer types of fuel and are often larger in size and fewer in number than necessary for handling smaller batches of special gasoline blends. Further, the proliferation of special blends has, according to several buyers from these wholesale markets, limited the number of suppliers of some of these fuels, posing challenges when traditional supplies are disrupted, such as during a refinery outage or pipeline delay. In the past, local supply disruptions could be addressed relatively quickly by bringing fuel from nearby locations; now, however, additional supplies of special gasoline blends may be hundreds of miles away.';
Therefore, the price of gasoline is attributable to a number of factors out of the control of the oil companies and the Bush administration. If you want to have lower gasoline prices, change the laws and let them build more refineries, get rid of so many blends of gasoline, and allow drilling in ANWR.
Absolutely not.. the oil companies are not in with the Bush administration either... You folks dont understand some real basic thing.. Oil is a world commodity and the price is what it is because of supply and demand.. Also.. all the regulations preventing refineries from being built have caused it.. If the oil cant be refined ,.,, it cant be turned into gasoline..The entire world is using much more oil and gas and less is being produced for many reasons... mainly environmental regulations... which I understand and agree with.. but we still need fuel.. All the folks in California are gripping about oil prices and yet they refuse to let the oil companies drill off shore there.. but they dont mind it being done other places like Texas and Louisiana... and then they want cheap gas.. how much sense does that make??? I guess it is human nature to try and blame some one else for all our problems...but truthfully we create our own problems.. most of us waste fuel....etc..
Hello Again. I will stop if you stop posting uneducated questions.
The rise in oil prices is do the the huge demand of oil in India and China. Also, we have billions of gallons of oil buried beneath our own soil that we could drill, if the liberal tree huggers would realize that crude oil is still currently better for the environment that the BS ethanal garbage they wish we would use.
It is the policies and actions around the world of the Bush administration combined with growing global demand on an ever decreasing commodity (oil) that has caused the price to rise. Other factors play into this, such as refining capacity, and environmental laws. His relationship with oil business has helped them to maximize their profits. Despite blaming the lack of sucking domestic oil dry, studies have shown that raising the fuel efficiency of all cars, trucks and diesels would be the best way to lower demand or save oil, that combined with other energy conservation and alternative energy production could go a long way lowering gas prices. Bottom line, it is we the users that are responsible. We buy it and elected (sort of) Bush.
I bet you blame Bush for that nasty zit you have on your butt to right?
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