Sorry.. I kinda thought that was common sense... Maybe I was wrong.

 

haha apparently the problem with common sense is that its not so common..

 

Our government and companies that make multi-billion dollar profits are willing to kiss *** (and by kiss *** I mean bribe.) Enjoy oil and gas prices cause they are only going to go up. So instead of kissing *** you might wanna start sucking dick. I don't give a damn reguardless. I'm riding the coat tails of the number 5 on the fortune 500.

 

Yeah. Don't remind me.

 

It's looking more and more like Enron all over again....

http://www.boston.com/news/globe/edi...nergy_dollars/

Most of you probably aren't old enough to remember, but back in the 70's a fat gazillionaire guy in Texas named Bunker Hunt did this scam where he essentially bid against himself to drive the silver market up to like 8 or 9 times what the true market price was, but since all the commodity market people saw was silver prices and futures going through the roof, tens of millions of dollars went up in smoke when he was exposed and Silver corrected back to its supply demand and cost balanced market levels.

Same deal is going on here on a much larger scale-

just wait and see....

 

They have the oil, you and I don't.

Too bad folks. We are seriously addicted to gasoline, and WE are only to blame.

I mean, oil is only traded with US currency... if the dollar goes down, well guess what, oil will go up.

We can't pressure OPEC to produce more. If they don't want to, they don't have to.

It's time to look past Oil. Seriously... it's the only way. Solar and Nuclear is the probably the best way to get us off oil. Complaining will not do anything, ONLY action!

 

We've been addicted to gasoline as long as you and I have been alive, I'll agree with that, but the current situation is unprecedented- if you ignore Argentinas economic collapse, the Great Depression and a few other historical instances of the wealthy elite raping the general population.

Actually, more and more countries are seeing the dollar as useless and trading their oil for Euro's- but that is a good point too.

We should be able to pressure Iraq to produce more, we're in charge there, right?.... oh- I guess that isn't going so well... at least we've got a *****in' embassy complex!

Me riding my bike to work only solves my personal oil problem, action at a scale that's going to make any difference to the general economy is another matter entirely.

If only I had a couple million dollars in Exxon Mobile and Conoco Phillips, I could drive like I used to- just off the dividends and not give a sh!#

 

...if they pass laws to limit speculation in energy-futures. This is straight from the Wall Street Journal, not some partisan blog.

"Speculators now account for about 70% of all benchmark crude trading on the New York Mercantile Exchange, up from 37% in 2000"

The price of oil right now is all about investors driving up their own stock prices, not supply and demand.

http://www.marketwatch.com/news/stor...8}&dist=msr_13

 

your right speculators do have an effect on oil prices but lets not stop there and just blame it all on the speculators there are other factors that contribute to the higher prices if we follow the problem back to its source oil companies are purposely keeping supplies tight..

i think its pretty obvious how much of an effect limited supply causes with any product generally speaking..

http://money.cnn.com/2008/05/20/news...price_history/

 

If you've checked into the facts behind the CNN and market speculator's spin, you'd know that supplies are at all time highs, and overall relative demand is decreasing, despite China and India's increasing net demands.

Yes it does go a little beyond just speculators, but much like Enron before it, the current energy "crisis" really is all about people who already have more money than they know what to do with playing our economy like a casino;

http://onlinejournal.com/artman/publ...ter_3406.shtml

 

Supplies are tighter how? I guarantee every gas station in the USA has full tanks or a truck on its way to deliver more as I type.

I'm sick of all these gas price theories. The only thing gas price theories do is prove that gas companies highly paid propaganda people are doing their jobs well.

Remember when we were kids and we got to see how a bill became law during Saturday morning cartoons? There wasn't any interpretation on what happens during that process, was there? So what happens if we work backwards to the source from when Singh posts the latest prices? I'll tell you what happens... Mr. Oil opens the paper and reads the day's headlines on all the gasoline hysteria and world events, then makes the call to raise prices.

What we need is another Eisenhower. Someone that will stand-up to the oil companies like he did to the Steel industry.

BINGO!

 

 

Oil supplies from the countries that export oil are tight not the gas thats being delievered. how would you guarantee that more trucks are delivering?? do you work for a gas station? I really doubt were using more gas these days spending more yes..
unlike you i dont trust oil companies are looking out for our best interest.
there was an article on yahoo about someone drilling for their own oil out of their backyard.. more oil sources is a good thing

 

I trust oil companies? What gave you that ridiculous idea? I never gave the notion that oil companies are looking out for our interests. In fact i'd argue the exact opposite. We're essentially employees for oil companies (and we all know how bosses like to treat their workers).

And who says you have to work for a gas station to realize more trucks will be delivering? When was the last time you heard a gas station had to shut it's doors because they were unable to get fuel?

The assumption that we're out of oil reminds me of all the hype behind the so-called draft that never happened. Before a draft with regular people would have been initiated the military would have called upon IRR personnel, both of which never happened. During the gas crisis of the 70s you could only get gas on even or odd days that corresponded to your license plate. Let's get to that point first before we assume exporters cannot handle volume, mmkay...

 

were you suggesting that gas stations are ordering more gas than normal?

i was not suggesting that fuel supplies are low and that gas stations were out of gas.. compared to the 70's and now the most notable difference was the demand and the number of cars on the road. what happened when bush went to saudi to ask for more oil. exporters arent going to bail us out of our oil needs and why would they we need oil we have none and they do.