Why Are Gasoline & Home Heating Fuels So Expensive?

Enough said

enough said

Except that dosen't make sense. OPEC has repeatedly said there is no shortage of oil in the system.
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!<G>
There are none so blind as those who will not see

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.

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.

Didn't those two wind up in jail or pay big fines? Two brothers if I recall.

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!

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!

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?<G>

Moving this to General, any fuel related topics can be posted there.

And 9-11 was an inside job (with a wink and a nod)

Ed.A wrote:And 9-11 was an inside job (with a wink and a nod)

I can't believe anyone could believe such nonsense!

Devil5052 wrote:

Ed.A wrote:And 9-11 was an inside job (with a wink and a nod)

I can't believe anyone could believe such nonsense!

[heavy sigh] Me either, that was my point [/heavy sigh]

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/petr ... ply04.html

Past topic on this: http://nepacrossroads.com/viewtopic.php?t=435

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!

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?)
I may have been born at night, but not last night!

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%.