Here we go again...
We still have the largest oil, and gas reserves this country has ever had.
Bullcrap.there isn't a conspiracy. this is the market at work. the same speculator bidding the price up were same speculator bidding the price down.
if you don't like it don't play. the price increases to make you use less oil, once you cut back the price will fall.
stop using gas, or use less gas.
speculators look ahead, they are not buying for toady but for 3, 6 18 months from now. if oil were 40-50$ a barrel it would not be profitable to develop new oil fields in the US saudi arabia and Canada have the largest oil reserves right now.I understand how it works... or is supposed to...
the FACT is we are dependent on oil, and the speculators have us by the balls.
They can make insane amounts of money in a short term, and our demand has very little to do with the movement of gas prices anymore... that is a fact.
We have the largest supply of fuel in our history, and the prices keep going up... that is in stark contrast to the theory of supply and demand.
If supply and demand were actually moving the prices, they would have been at their lowest in 20 years. Based upon consumption, oil should have been selling at between $40-50 barrel. EVERY independent analyst outside of the oil industry payrolls, agrees with that.
Retrieval and refinement of oil is more expensive, but it's not the refiners that are driving the costs up... it's the people that shuffle paper that are getting rich.
The sky's the limit Ted...
Homeboy got it right!! I just filled up my WRX, and it cost me $150!!! Liter is 14.30 NOK. 1 dollar is about 5.3 NOK. on a 60 liter tank, do the math!!!Meh, Americans are just catching up to the price of most of the rest of the world. Enjoy![]()
You also know how high their food prices are, wages are and everything else over there is, all we need to do is look at europe to see what our economy and life will look like and I don't like the looks of it. I've slowed my car down to around 66-67mph so I get better mileage (use to run 70-72) lucky for me I'm now getting 30 mpg out of my 10yr old wagon that was only suppose to get 28mpg. If gas hits $5/gallon the economy will take a nose dive worse then any drop we have yet seen in the last 50 yrs. Few ppl will be able to afford gas at $5/gallon the unemployment rate will sky rocket to heights not seen since the great depression, food prices will be so high that ppl will risk starving, that's what will happen plain and simple basically if it hits $5/gallon you can kiss our country goodbyeWell just be glad you don't live in Europe where it is reaching $9 a gallon again.
Is you are selling a product, and he buyers of your product are willing to pay X for your product, why would you sell that product for a price lower than X.So... you are saying that it's okay for a few people to make billions of dollars on the backs of the general public, while crashing the economy?
Good to know where you stand.
This is pure speculation and government greed....Too many oil men in the government and too much money invested by the oil companies into helping politicians get elected...It is insane and to be honest its unethical...It should be really seen as bribery and it's a shame the people we vote for sell us out to the oil companies whose greed has gotten outrageous...this isn't about the price of oil they bought the oil for the gas we are consuming now years back...If anyone really believes that they are buying any oil at market price they have you fooled too...they have contracts that price we hear is what we pay if we try and go buy one barrel of crude that day....just like we get discounts in bulk they do too they buy millions of drums....the headlines drive prices up but notice how they don't drop down? when the price per barrel goes down....back in the 90s oil was $1.25 a gallon barrels were trading $40-$60 a barrel sometimes more...when oil got down last year to $40 a barrel or so gas was still in the $2 a gallon mark....and they complain that a barrel of oil being so high...B.S. they are still reporting record profits and how do you do that simple economics profit is measured from gross revenue minus cost of refining and cost of material (barrel of crude...chemicals...labor etc. etc.) and your still reporting record profits?!?! how? cause your selling it at an inflated rate....Anytime barrel prices drop and we expect a drop in gas prices what do they do? claim they have to shut down refineries for "maintenance purposes" notice when oil prices are high no maintenance is getting done only when they need some excuse....Oil is driven off greed and politics ladies and gentlemen notice that gulf oil spill drove prices down cause it was bad publicity and politicians had to put on an act to act like they were "in views of the american people" shoot that CEO got more money to "step down" than any of us will see if we win the lottery...I hate that crap
what do the numbers matter? the concept is proven and sound, there has never been a proven case of oil price fixing in the futures market.If I'm speculating you sit here and put out some numbers to show me how you put down record profits then besides over pricing I'm taking economics buddy unless you over price a product well above what it should be sold at you can't put out "record profits" unless they are "cooking their books" lets see how economically savvy you are please put down some numbers....Either they are making artificially high prices or they are cooking their books to put out "record profits" which both activities are illegal!!!
The only thing we can do is to stop driving as biker said... the reality is, that's just NOT a real possibility... and they know it.I should have bought a big gas tank to put in my garage when gas was $2.25 a gallon to last me awhile until they lower the prices lol.
Is there anything that the citzens of the USA can do to stop the prices from going up? Like go on a strike? I feel paying $4 to $5 a gallon is outragus.