so Saudis oil is of no use. If there were shortages, then i could understand the rise in prices, but nowhere is there oil shortages. So these price increases are just pure bs. Were all getting taken to the cleaners, by whoever is doing it. OPEC might be the blame for this but i also dont think the oil companies should be using this time to widen their profit margins, sorry but that is just wrong. If they were selling anything but a resource that the world needs, then i would say make as much money as they want. I know we disagree on this part, but i find it disgusting that they are making all these billions on resources the world needs. When you break it down to its simpliest form, the oil of the world really belongs to every human on this planet and just because we didnt all go drill for it, that shouldnt give trillion dollar corporations the right to rape us. I have always said that resources like electricity and oil should be "not for profit". But if they are to be for profit, then am sorry but these resources should have caps on how much profit these crooks should be allowed to make off us. Really how much friggin money do these people really need? Its sickening.
Wallstreet, you sure your not one of these paper traders getting rich on all of us, lmfaoooooooooo.
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if you cap prices/profits, companies will produce less or fire unneeded workers
finders keepers...there's no oil in england. they import...we have oil here yet we import more than we produce. in france they run 80% nuclear power
companies who build reactors wont do business in the US b/c it takes 2-3x longer to get something done due to regulation. not the energy company's fault...not your fault or my fault.
I was actually thinking about buying an actual barrel of oil. Ya know a sort of a novelty item.
. Shorts are getting thoroughly pantsed now but in due time they'll be looking down on the long bagholders.
If gas stations arent running out of gas, then how can you say we have a supply shortage? arent prices supposed to go up when there is a shortage with demand? We have a supply and am sure demand has gone down some. Oil has gone from the 90'2 to 140 a barrel in around 45 days, at that rate of rise the whole US economy is going to busted very soon. People working minimum wage jobs will not be able to sustain these prices much longer. I dont have kids but i truly feel sorry for all you guys who have kids, because they and their kids are in for some real pain.
||scared.gif' border=0> I know... that's crazy. He told me... in about 15 months now... his sales have dropped dramatically. So if his sales have dropped... why is production on the rise? 2 years ago he was purchasing 4,000 gallons of gas every 3 days. Now he's only purchasing 2,000 gallons every 2.5 days. Do the math. It's not like he doesn't know how to run a business... it's people don't really have the money to pay for gas. So... how is production so high? I'm sure he isn't the only gas station struggling... I understand location is everything. But if you truly think about it... if 15% of gas stations like his are failing... or in a real struggling location... there wouldn't be a need FOR HIGH SUPPLY FOR HIGH DEMAND! So how is gas hitting close to $4.20 a gallon in some locations? Doesn't make sense.
Hence, why I said the problem of high gas prices today arose from decisions the US has made for the last 30 years.
If ANWR was drilled back in 1996, there would be a million more barrels of domestic crude on the market. Tie that will a raise in fuel standards for cars back in 1996 and while gas prices would still be higher, there wouldn't be the price explosion over the last 2 years.
Ron Paul:
Rising Energy Prices and the Falling Dollar
"If the Fed continues with its bubble blowing policies of the past, the new commodities bubble will continue to grow, gas prices will continue to go up, as the value of your dollars go down. We will see an overinvestment in these commodities as solutions are desperately sought for a supply shortage, which is only part of the problem. Make no mistake, though, this is not the free market at work. Government manipulations have added levels of complication and unintended consequences to the marketplace."
Click here for the full article: https://www.house.gov/paul/tst/tst2008/tst060908.htm
Yes, I cut and pasted this here because this is where the most eyes will see it.
Not in the poltical forum.
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