defiancegasman
Champion Author
Ohio
Posts:4,843
Points:885,030
Joined:May 2006
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Message Posted: Nov 8, 2008 4:55:29 PM
Closer to $50 than $200 now.
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beyondgreen
Rookie Author
Gasbuddy
Posts:2
Points:140
Joined:Nov 2008
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Message Posted: Nov 8, 2008 1:10:36 PM
I don't think we are taking the right approach to fixing our economy. Energy Independence needs to be included in the realm of our serious economic issues. Our dependence on foreign oil impacts every aspect of our society and economy. This past year our wallets were emptied by high prices at the pump. The cost of food and every consumer product has risen because of increased production and shipping costs. The average family had no money left over to spend, save or invest. So we tighten our belts, we spend less because we have less and sadly that results in more job losses. We have so much available in the way of FREE energy, solar and wind that can be utilized to replace oil. Hybrid and electric plug in cars would replace another huge percentage of our dependence on foreign oil. We spent 168 BILLION on a stimulus pkg that did nothing for our economy. Now there is talk of another stimulus pkg. Why not invest in initiating alternative energy sources and making hybrid and plug in car technology affordable for the average Joe. It cost the equivalent of 60 cents a gal of gas to drive an elec car. Investing in renewable sources of energy would create millions of badly needed jobs. It is a win-win situation. We have the knowledge and the technology, what we seem to lack as a nation is a PLAN. Jeff Wilson has a great new book out called The Manhattan Project of 2009 Energy Independence NOW. I highly recommend this book to anyone who is worried about our economy and interested in seeing our country become energy independent!
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jmuse
Champion Author
Long Island
Posts:1,953
Points:392,695
Joined:May 2008
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Message Posted: Jul 27, 2008 10:40:35 AM
There's a big difference between "OPEC president sees $200 oil possible" and he would not rule out $200 oil.
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magnumCA
Champion Author
Los Angeles
Posts:2,219
Points:438,950
Joined:Jan 2008
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Message Posted: Jul 26, 2008 4:01:12 PM
Time to dismantle opec
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STEVE853
Champion Author
Florida
Posts:1,539
Points:373,810
Joined:Nov 2007
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Message Posted: Jul 26, 2008 2:23:50 PM
Time to drill for oil In the gulf of mexico.
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gohiking
Champion Author
Los Angeles
Posts:4,406
Points:867,530
Joined:Oct 2004
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Message Posted: Jul 26, 2008 12:32:08 PM
lovely
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defiancegasman
Champion Author
Ohio
Posts:4,843
Points:885,030
Joined:May 2006
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Message Posted: Apr 30, 2008 12:45:05 AM
Just remember, Bush vetoed the bill calling for the stopping of $18 Billion in free tax money for the oil companies. He didn't think investing it into other energy research was a good idea.
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RC_RACER
Champion Author
Tacoma
Posts:2,211
Points:447,980
Joined:Jun 2004
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Message Posted: Apr 29, 2008 12:50:56 PM
yep, its only going up stop using or use something else
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1fuelish1
Champion Author
Charlotte
Posts:8,822
Points:727,675
Joined:Dec 2005
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Message Posted: Apr 29, 2008 11:04:46 AM
HAMPILOT1 hit in on the head. The speculation into energy and food futures needs to be stopped NOW. We're hurting at the pump, but people in Haiti and other countries feel it in their stomachs. The financial folks are fiddling while the rest of the world is catching fire.
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KrazyDawg
Champion Author
California
Posts:2,223
Points:370,245
Joined:Aug 2007
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Message Posted: Apr 29, 2008 10:41:05 AM
Just another reason to support alternative fuel. With all the dollars spent on higher gas prices, imagine how much can actually be invested into renewable energy. Than again it seems like we're followers, not innovators.
[Edited by: KrazyDawg at 4/29/2008 11:41:50 AM EST]
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1shot
Champion Author
Dallas
Posts:5,436
Points:834,450
Joined:May 2006
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Message Posted: Apr 29, 2008 10:24:12 AM
HAMPILOT1 hit it right on the spot, I hope their greed makes them stay in it when the bottom drops and they loose their shorts!!
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ramshot412
Champion Author
Riverside
Posts:13,648
Points:1,364,270
Joined:Apr 2004
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Message Posted: Apr 29, 2008 10:08:04 AM
"We need start drilling now so we can survive!"
Why??? The cost per barrel won't go down until supply goes up. Even if US put a million more barrels of oil on the market OPEC could keep the price up by cutting back on what they pump....
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kruk
Champion Author
London
Posts:1,238
Points:185,380
Joined:Jan 2007
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Message Posted: Apr 29, 2008 10:00:47 AM
Maybe just some influential bustard asked them to keep raising - who knows?
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eaglev
Champion Author
Oklahoma City
Posts:1,872
Points:507,825
Joined:Jul 2005
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Message Posted: Apr 29, 2008 9:59:20 AM
We need start drilling now so we can survive!
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nyacoub1
Champion Author
Chicago
Posts:1,165
Points:80,435
Joined:May 2007
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Message Posted: Apr 29, 2008 9:58:24 AM
duhh....
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eaglev
Champion Author
Oklahoma City
Posts:1,872
Points:507,825
Joined:Jul 2005
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Message Posted: Apr 29, 2008 9:55:02 AM
And they said they would keep it below $80 just last year. They like the extra money.
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EarlyMoose
Champion Author
Seattle
Posts:2,159
Points:763,620
Joined:Dec 2005
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Message Posted: Apr 29, 2008 9:52:00 AM
sure.
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Duke1959
Champion Author
Dallas
Posts:9,100
Points:456,390
Joined:Mar 2008
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Message Posted: Apr 29, 2008 9:50:54 AM
oh well
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HAMPILOT1
Rookie Author
Houston
Posts:3
Points:10,085
Joined:Jan 2008
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Message Posted: Apr 29, 2008 9:49:18 AM
From all of the information I can access I come to the conclusion that the rise in crude price per barrel is driven by hedge fund managers using the crude futures market to make money for themselves at the expense of us in the driving public. This has to end, using a futures market to speculate on the price and driving it up drastically, is detrimental to the security of the country,it has to be stopped immediately.
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w4kh
Champion Author
Riverside
Posts:4,715
Points:851,070
Joined:May 2004
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Message Posted: Apr 29, 2008 9:49:04 AM
Even OPEC says: "does not rule out oil prices reaching $200 a barrel, even though supply is adequate, because the market is driven by the dollar's slide"
The dollar is weak and getting WORSE, because "W" and DickieBoy have spent more than THREE QUARTERS OF A TRILLION DOLLARS in Iraq, along with more than 4,000 American lives, and countless maimed and wounded, and refuse to admit that this has had a profound impact on the US economy...
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FuelGrinch
Sophomore Author
Kansas
Posts:162
Points:48,920
Joined:Aug 2005
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Message Posted: Apr 29, 2008 9:46:26 AM
Sure... what the heck, Why not go for $400 a barrel. Oh why not $1,000,000
bunch of greedy @#*& &*^$# ^&(#@!
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ShootatWil22
Rookie Author
Kentucky
Posts:36
Points:34,920
Joined:Feb 2008
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Message Posted: Apr 29, 2008 9:45:52 AM
If the price goes up to $200 a barrel, I'd probably make gas...somehow.
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txholeyrocks
Champion Author
Austin
Posts:1,098
Points:191,415
Joined:Nov 2007
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Message Posted: Apr 29, 2008 9:45:36 AM
You will see a lot of people walking, riding busses, cycling and car pooling. Also our economy will go to pot as we can't afford to pay people to stay on top of our bills. Truckers won't truck any more......
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amearly
Champion Author
Michigan
Posts:5,114
Points:1,083,940
Joined:Jan 2006
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Message Posted: Apr 29, 2008 9:45:02 AM
Again time to get ready for the next great depression.
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NissanGirl
Veteran Author
Oregon
Posts:308
Points:200,010
Joined:Jan 2008
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Message Posted: Apr 29, 2008 9:44:11 AM
Like OPEC needs $200/bbl. They are swimming in money as it is now!
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JimL1
Champion Author
Phoenix
Posts:1,190
Points:245,270
Joined:Jul 2003
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Message Posted: Apr 29, 2008 9:39:35 AM
If the Securities and Exchange commission would raise the percentage required to purchase futures contracts to 25%, it would cut back on the speculation. All they have to do now to control the price is put up 5% of the cost of the contract.
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mahenv7
Champion Author
Toronto
Posts:1,950
Points:391,475
Joined:Oct 2004
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Message Posted: Apr 29, 2008 9:38:57 AM
why stop there
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Hawkeyema
Sophomore Author
Massachusetts
Posts:151
Points:39,400
Joined:Mar 2008
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Message Posted: Apr 29, 2008 9:38:52 AM
Based on the fact that everyone is in "doomsday mode." As the world economy goes into a recession, the demand for oil is going to drop dramatically which will increase supply around the world. The dollar is also going to firm once our economy rebounds which might take a year or so.
Let's not freak out everyone. There's still tons of oil and the supply will soon catch up with demand. OPEC will eventually increase output as well
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SJS
Champion Author
Los Angeles
Posts:2,165
Points:1,413,140
Joined:Apr 2003
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Message Posted: Apr 29, 2008 9:38:34 AM
could happen
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lowiowagas
Veteran Author
Iowa
Posts:454
Points:73,450
Joined:Mar 2008
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Message Posted: Apr 29, 2008 9:36:26 AM
buckeyeman, you are right.. There is no real shortage of oil, but OPEC & Big Oil is charging considerably more than they should be..
This is having a rippling negative effect on our economy & bringing with it 'out of control' inflation (oil, fuel, transportation, food, etc...)
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Chazzer
Champion Author
Nevada
Posts:9,137
Points:1,934,910
Joined:May 2002
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Message Posted: Apr 29, 2008 9:35:32 AM
There OPEC goes again ... testing the ceiling!
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lowiowagas
Veteran Author
Iowa
Posts:454
Points:73,450
Joined:Mar 2008
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Message Posted: Apr 29, 2008 9:32:40 AM
Price was high at $70 a barrel, and now this article PROVES that OPEC is out to destroy our economy.. Greed, by a 285% increase in crude
We need to put a stop to this, one way or another.. TODAY
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Dennis783
Champion Author
Wisconsin
Posts:6,698
Points:1,337,870
Joined:Sep 2005
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Message Posted: Apr 29, 2008 9:32:22 AM
They wish!
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buckeyeman
Sophomore Author
Columbus
Posts:233
Points:8,755
Joined:Mar 2005
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Message Posted: Apr 29, 2008 9:32:13 AM
__________________________________________________________________________
CoronaKid
Based on the fact that everyone is in "doomsday mode." As the world economy goes into a recession, the demand for oil is going to drop dramatically which will increase supply around the world. The dollar is also going to firm once our economy rebounds which might take a year or so.
Let's not freak out everyone. There's still tons of oil and the supply will soon catch up with demand. OPEC will eventually increase output as well.
__________________________________________________________________________
Corona Kid is accurate on the pessimistic attitude the world seems to have regarding the position of wealth. I disagree however that the world economy is in a recession. European Nations, China, India, Russia, and somewhat Japan to name a few are seeing more than average economic growth. The United States however is in a terrible recession and Warren Buffett is right on the money versus "so called" government economic advisors who have truly pulled the wool over their eyes.
Supply is no where near critical and that is where OPEC is not misleading the world. The "freak mode" is beyond necessary and a correction will be established regarding pricing thus I am in agreement again with with CoronaKid. Unfortunately I heavily disagree Supply versus Demand will be the correction and OPEC will increase production. I see another "Oil Embargo" approaching before such actions are considered. When other countries force heavy tariffs on good and services to the OPEC Nations where their demand above and beyond exceeds their ability to produce the goods and services and eats at the economics of those nations will a consideration of the price of oil be considered to assist those nations being economically distressed by their reliance of oil.
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JPGKC
Champion Author
Tampa
Posts:4,140
Points:763,120
Joined:Sep 2006
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Message Posted: Apr 29, 2008 9:31:40 AM
As long as the dollar continues to gain ground, then this will not happen.
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southjerseyal
Champion Author
New Jersey
Posts:6,304
Points:933,230
Joined:Mar 2005
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Message Posted: Apr 29, 2008 9:29:29 AM
Why not just jump to $500.00 and really screw up things in this world!!!
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The_WB
Champion Author
Detroit
Posts:6,428
Points:695,175
Joined:Apr 2007
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Message Posted: Apr 29, 2008 9:26:17 AM
One OPEC member will dump on the market if the prices continue upward - self-greed!
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bowler48226
Champion Author
Detroit
Posts:1,721
Points:459,410
Joined:Sep 2007
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Message Posted: Apr 29, 2008 9:25:17 AM
We thought oil was high at $70 a barrel. Now look.
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bug27
Champion Author
Kentucky
Posts:3,229
Points:1,391,495
Joined:Apr 2005
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Message Posted: Apr 29, 2008 9:22:00 AM
OPEC Greed!
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vick441
Champion Author
Indiana
Posts:1,203
Points:105,460
Joined:Apr 2008
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Message Posted: Apr 29, 2008 9:21:28 AM
I don't doubt it.
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rich148
Veteran Author
Grand Rapids
Posts:342
Points:437,440
Joined:May 2007
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Message Posted: Apr 29, 2008 9:20:17 AM
Good luck sucker!
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Lonewolftx
Champion Author
Houston
Posts:6,773
Points:1,333,485
Joined:Sep 2005
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Message Posted: Apr 29, 2008 9:19:59 AM
When the dollar strengthens then they will feel the supply is to not adequate . . .
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cbpilot
Sophomore Author
Riverside
Posts:209
Points:555,460
Joined:Dec 2006
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Message Posted: Apr 29, 2008 9:16:27 AM
Let's see...we put a man on the Moon 39 years ago, and we still can't figure out how to get everyone 80 mpg? Come on...who are we kidding?
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bowler48226
Champion Author
Detroit
Posts:1,721
Points:459,410
Joined:Sep 2007
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Message Posted: Apr 29, 2008 9:16:16 AM
$200 oil would mean $7 per gallon gas?
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DST43
Champion Author
Oklahoma
Posts:2,931
Points:500,280
Joined:Jul 2007
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Message Posted: Apr 29, 2008 9:16:06 AM
OPEC President sees himself getting richer
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Jahrahnimo
Veteran Author
Georgia
Posts:404
Points:100,000
Joined:May 2004
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Message Posted: Apr 29, 2008 9:15:34 AM
I doubt it....
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EnderNY
Champion Author
Dallas
Posts:1,507
Points:292,055
Joined:Jun 2005
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Message Posted: Apr 29, 2008 9:15:29 AM
Radicale,
Well, I would not mind a small harem!!!
LOL, just kidding, haters, just kidding, I do not want, nor desire, nor afford, a harem
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flatcoatfun
Champion Author
Orlando
Posts:1,073
Points:311,365
Joined:Nov 2007
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Message Posted: Apr 29, 2008 9:12:33 AM
And he is excitedly planning on what he is going to do with all the extra money he will make.......
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cudatim
Champion Author
San Antonio
Posts:1,105
Points:518,585
Joined:Jan 2007
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Message Posted: Apr 29, 2008 9:11:17 AM
Speculators are one of the reasons for the raising prices of oil.
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RdHogg
Champion Author
Houston
Posts:11,983
Points:1,518,645
Joined:Jun 2004
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Message Posted: Apr 29, 2008 9:11:08 AM
Bend over America, we are about it take it in the A$$ again
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