$11 in one day ?????????

Quote Originally Posted by spocsstocks:

If you dont like the prices sell your car and walk   nobody makes you pay for the gas you buy- only way it will ever go down people don't realize how expensive its going to get experts on cnbc last said 12.10 a gallon by next summer-  we're using a 100,000 more barrels a week then what their producing cant last

Sorry dude but there are 2 absolute bullshit statements in your post.

#1 $12 per gallon gas would completely shut down the economy and leave millions of barrels of oil unbought...which equals no profits for oil companies.  They would never let that happen. 

#2 How can we be using more oil than what is being produced??  Is gas being rationed??  I have no problem getting a gallon of gas ANYWHERE in the world where gas is sold.  There is no supply problem, just a large demand therefore oil companies can ask whatever they wish.

Wallstreet, I totally disagree with you on this one.  Demand for oil hasnt increased this much in the last 45 dyas around the world to cause these increase in prices.  In the last 5 years the price of oil never rose as much as its risen in just the last 45 days.  On top of that demand should be down because of people using less gas themselves.  This has nothing but scam written all over it.  These oil company pricks are just out and out robbing us now.  Why are the oil company profit margins getting bigger?  If the price of oil is increasing from the oil countries, then profit margins shouldnt be increasing.  Friggin crooks.

exactly.   The oil companies will not embrace any new things until every last drop of oil is sucked from this planet.  Why pay for building new things when we still have plenty of oil left to use.  When oil truly starts to run out then you will see all this corrupt companies come out with the new technologies. How much money is enough for these crooks? how many houses, cars, planes etc etc do they really need?    The politicians dont give a crap because they are all bought and paid for, so we cant get help from them.  They sit around pretending to care, but truth is they dont give a shit.  We all pay for their fuel consumption anyways.

Wallstreet, if opec are the ones who are infalting the prices then something needs to be done to stop that.  But also oil companies profit margins shouldnt be increasing.  They are using these price increases, to also increase their own profit margins. Even thou they are a business that is out to make money, they shouldnt be taking advantage of whats happening, thats just not right.  They make enough money to sustain all their familes for hundreds of years.  Its sad but are govt will never jump in and do anything about this because they are all in bed together.

In the last 45 days demand for oil around the world has not increased to justify these price increases.   Also these paper traders need to be dealt with.  Make their asses have to actually take delievery of the oil, not just paper.  That would sure help to slow down wallstreet from helping to increase the prices.  Am a believer that prices of everything always have to go up, am just not a believer of things like oil going up this much, when there really is no supply shortage.