Why Are Gasoline & Home Heating Fuels So Expensive?
Enough said
Last edited by Richard S. on Sun. Apr. 30, 2017 6:12 am, edited 2 times in total.
Reason: Deleted image, for comtext it was of Bush and Saudi Sheik.
Reason: Deleted image, for comtext it was of Bush and Saudi Sheik.
- Ed.A
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Except that dosen't make sense. OPEC has repeatedly said there is no shortage of oil in the system.enough said
Speculators are constantly playing off of the fears of the market and that continues to drive up the prices of oil futures and that drives up the cost.
Remember when Pres Bush directed the hurricanes at Louisiana? The winds hadn't even arrived and the spectulators had already jumped into action on fears the oil rigs would be wiped out thus cutting down production and driving up the cost. Well the price jumped alright, almost immeditately and yet production was only down 6% and the prices took months to drop back down.
Your argument that GW is somehow different in maintaining the Staus Quo of the US's long standing alliance with the Saudis is frankly hyperbole, we've had this relationship far longer than GW has been around, Slick Willy had the same and so did 41 etc. etc.
If your argument is that all/ most the box cutter wielding terrorists were from Saudi Arabia then I say you were right, we should denounce that country and demand they put the Kabosh to the Madras' that teach these bast**ds to hate any non muslim. Of course then you'd have to deal with $7-$10 dollar per gallon gas prices and the depression that would shortly follow, causing massive damage to our economy that would take years to remedy.
So if you broke ties and played that game you'd basically kill the US as we know it.
But you'd show gumshun dad gumit fer stikin to yer princples
I think the picture is all the explanation that any thinking person needs. Or, as Bush would say: "Are you gonna believe me or your lying eyes?"
( and what economic industry did the Bush family make its fortune in???.........I'll give you a hint: It wasn't in higher education or soy beans!
There are none so blind as those who will not see.
( and what economic industry did the Bush family make its fortune in???.........I'll give you a hint: It wasn't in higher education or soy beans!
There are none so blind as those who will not see.
- jpen1
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I read an artical written by lou dobbs the other day. In the letter it stated that crude prices should be around $63 a barrel. It goes on to say that foreign investors are buying upoil future and that is driving the price out of sight. There is no shortage it blatant price fixing buy the stock market. It is similar to the situation with silver in the late 70's early 80's whe a group of investors cornered the market on silver and it wen through the roof. Lou goes on to say that at some point the investors will sell quicckly and then the price wil take a nose dive but I'll believe that when I see it.
- coaledsweat
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Didn't those two wind up in jail or pay big fines? Two brothers if I recall.jpen1 wrote:It is similar to the situation with silver in the late 70's early 80's whe a group of investors cornered the market on silver and it wen through the roof.
- watkinsdr
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Gentlemen:
It's all about supply and demand. Complicating matters: China and India are both placing new demands on the worldwide oil supply chain. With the United States, Europe, and now China and India all consuming more and more energy, something has to give. For now it's price. And the price of oil will continue to climb because demand continues to out pace supply.
Don't blame George Bush. It's not his fault we're completely dependent on foreign oil. We as a nation have refused to "kick the habit." We're like alcoholics and booze. We haven't learned from our mistakes; and, we keep sending our supertankers back for more. It's gonna take a major crisis to get the United States serious about alternative energy sources. And hopefully, that major crisis isn't brewing right now in Iran.
It doesn't help that we're purchasing the life blood of our economy from known enemies who've sworn to defeat us.
Tighten your seatbelts boys, this is going to be one interesting ride!
It's all about supply and demand. Complicating matters: China and India are both placing new demands on the worldwide oil supply chain. With the United States, Europe, and now China and India all consuming more and more energy, something has to give. For now it's price. And the price of oil will continue to climb because demand continues to out pace supply.
Don't blame George Bush. It's not his fault we're completely dependent on foreign oil. We as a nation have refused to "kick the habit." We're like alcoholics and booze. We haven't learned from our mistakes; and, we keep sending our supertankers back for more. It's gonna take a major crisis to get the United States serious about alternative energy sources. And hopefully, that major crisis isn't brewing right now in Iran.
It doesn't help that we're purchasing the life blood of our economy from known enemies who've sworn to defeat us.
Tighten your seatbelts boys, this is going to be one interesting ride!
What I believe is that the old rules of supply & demand don't apply when oil company czars (with a wink & nod from an administration with "one of the boys" at the top) have every reason to believe that their illegal conspiring to fix pricing will go unpunished (worse uninvestigated) by a Justice Dept run by & totaly politicized by the White House.
We all know what happens to US Attys who go after the wrong targets....don't we?
We all know what happens to US Attys who go after the wrong targets....don't we?
Last edited by Devil505 on Sat. Nov. 03, 2007 9:19 pm, edited 3 times in total.
- Richard S.
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The possibility exists they can't meet the demands or are trying to stretch their supplies out a few decades. There have been no major oil fileds such as the ones found mid century since then. Ghawar the biggest was discovered in 1948 and provides half of Saudi Arabias output. I've read specualtion that it and other large fields discovered decades ago are dying ssuch as the ones in Texas died in the mid 70's.
Interesting read here: http://www.eia.doe.gov/pub/oil_gas/petroleum/feat ... ply04.html
Past topic on this: Future of anthracite coal
Interesting read here: http://www.eia.doe.gov/pub/oil_gas/petroleum/feat ... ply04.html
Past topic on this: Future of anthracite coal
If it is...."all about supply and demand"........(as you & many others contend) then was it just an incredible coincidence and legitimate market forces that caused fuel prices to plummet just before last November's election?? (& would anyone care to take my wager that the same thing will happen just before next November's elections?)watkinsdr wrote:Gentlemen:
It's all about supply and demand. Complicating matters: China and India are both placing new demands on the worldwide oil supply chain. With the United States, Europe, and now China and India all consuming more and more energy, something has to give. For now it's price. And the price of oil will continue to climb because demand continues to out pace supply.
Don't blame George Bush. It's not his fault we're completely dependent on foreign oil. We as a nation have refused to "kick the habit." We're like alcoholics and booze. We haven't learned from our mistakes; and, we keep sending our supertankers back for more. It's gonna take a major crisis to get the United States serious about alternative energy sources. And hopefully, that major crisis isn't brewing right now in Iran.
It doesn't help that we're purchasing the life blood of our economy from known enemies who've sworn to defeat us.
Tighten your seatbelts boys, this is going to be one interesting ride!
I may have been born at night, but not last night!
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Let the general populace blame a single person or industry for the price swings meanwhile I am taking advantage of some great opportunities.
So far this year my oil market investment has yielded over 40% and my gold investment is up about 30%. Here is one that is not politically correct in some circles but over a two year period starting in 2005 the uranium stock “average” is up over 2,000%.
So far this year my oil market investment has yielded over 40% and my gold investment is up about 30%. Here is one that is not politically correct in some circles but over a two year period starting in 2005 the uranium stock “average” is up over 2,000%.
I have absolutely no problem with making a fair & legal profit. It's when you add illegality (on a vast scale) that we citizens need to start worrying. In Chicago (circa 1930's) It would have been very smart (economicaly) to invest in Al Capones gang too. (especilly if Mr. Capone was also the mayor, owned the police force & all the courts & had the legal authority to commute sentances & even pardon any gangmembers who got caught)
- SMITTY
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Maybe if Dumbocrats stopped crying , & stopped placing wildlife above all human life and allowed us to drill some new oil wells (which would have been on US soil, NOT middle eastern sand), then we might have some petroleum based fuel at a reasonable price.
NUFF SAID
NUFF SAID
You & I both know that there will always be some bedtime story, fairy tale or excuse usable to explain away obscenely high oil prices in the US. The fact is that the major oil companys admit (because they have to report them to the IRS) to receiving the highest profits in the history of this country....of any industry & this, at a time when our nation is at war & our entire economy is suffering from their greed. What goods/products have not felt the sting of rising gasoline prices? ( I have always mistrusted people who proudly wear US Flag lapel pins while having no real understanding our country, our Constitution or any devotion to anything but their own well being!)SMITTY wrote:Maybe if Dumbocrats stopped crying , & stopped placing wildlife above all human life and allowed us to drill some new oil wells (which would have been on US soil, NOT middle eastern sand), then we might have some petroleum based fuel at a reasonable price.
NUFF SAID
Last edited by Devil505 on Mon. Nov. 05, 2007 1:43 pm, edited 5 times in total.
- SMITTY
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Spoken like a true Massachusetts liberal......You & I both know that there will always be some story, fairy tale or excuse usable to explain away obscenely high oil prices in the US. The fact is that the major oil companys admitt (because they have to report them) to recieving the highest profits in the history of this country....of any industry & this, at a time when this nation is at war & our economy is suffering from their greed. Wearing US flag lapel pins is not patriotism!
The economy is NOT suffering. You must watch CNN & read every page of the local papers.
I am in the trash business -- that business is DIRECTLY driven by how well people are doing financially. Let me tell you from hands-on experience: THE ECONOMY IS FINE. The more things people buy, the more cardboard & paper enters the stream. More of those items = MORE DISPOSABLE INCOME from the general public. It's at an all-time high. I look around this state & see everyone with much more than I have. This year, I was able to buy a brand new truck for the first time in my life.
Trash doesn't hide facts for political gain.
Your complaining about oil when the medical industry is RAPING this country of every last penny
You are of couse correct Smitty....Why should I listen to the likes of Allen Greenspan (Ex chairman of US Federal Reserve) who is concerned about a possible recession, when I can get the real truth about our economy from my local "Fox News" watching....garbageman!!
I am, of course joking here & merely responding to your "Masschusetts liberal" name calling I think grown men can keep economic policy debates civil & courteous.
I am, of course joking here & merely responding to your "Masschusetts liberal" name calling I think grown men can keep economic policy debates civil & courteous.
Last edited by Devil505 on Mon. Nov. 05, 2007 8:13 pm, edited 3 times in total.