Do you think we're running out of oil? Why else would gas prices be rising so fast?

You haven't seen any Dinosaurs lately?Do you think we're running out of oil? Why else would gas prices be rising so fast?
';The recipe for record US gasoline prices goes like this: Take a tight oil supply and growing world demand. Add a falling dollar and lots of investment money flowing into oil and other commodities.





Finish with market turbulence caused by the annual switch from winter to summer gasoline blends. The result: an average US retail price for regular of more than $3.60 a gallon. ..';





http://www.csmonitor.com/2008/0502/p01s0鈥?/a>Do you think we're running out of oil? Why else would gas prices be rising so fast?
Actually, oil is a natural renewal resource that represents a never ending supply. What causes the rise in prices is mainly the speculation being done by allegedly unknown parties that has been doing the same thing all along for a long time. When it became clear that an oil shortage could not be substantiated by any kind of evidence except for lack of refining techniques and stations then the speculation came into being which has been largely successful accounting for tremendous profits being made by the oil companies. The speculating will likely continue for sometime only to be temporary replaced by some kind of disastor that the oil companies can also attribute the rise in prices to......
There is this thing called greed. As to the oil being formed from dead creatures of eons ago, is being disproved- the latest finding that has not become common knowledge yet , there was a field of wells in the Gulf of Mexico that had basically dried up, but started flowing like a newly drilled well again. Scientists investigated this strange event, and concluded that oil is formed by the red hot magma under the earth's crust being subjected to intense pressure. Russian scientist has already discovered this and using this new knowledge, has discovered new reservoirs of oil in Russia that puts them in first place in the world, above Saudi Arabia in known oil supplies.
Well why are companies like chevron and bp and others (mostly all of them) showing profits of millions or billions of dollars, if the barrel is so expensive? Shouldn't they not be making so much? They say they have to raise prices because the barrel is soo expensive, well then why such big profits in their companies every year? I hate liars and obviously they are doing it to just hurt the economy but earn for their pockets.
No we aren't running out of oil. There is a huge amount of oil hidden all over the world. In the USA we just need to through the democrats out of office and tell the environmental wackos to shut up so our oil companies can drill for it. What do dinosaurs have to do with oil? Other than Sinclair.
There is still enough to supply us. In our own country but we aren't willing to do what we have to do to get it. We are too concerned about scenery to safely drill what we can so those working poor can afford to keep working. The not in my backyard groups won't allow a new refinerys to process that oil.





Oil doesn't come from Dinos.
Lil vamp is right. But I also believe crude is running low after all it is a FINITE material....I know you get that because of the dinosaur comment...well put...
in america we already have ran out.
supply and demand.
one word GREED