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I love how people blame the President for evrything.No matter who is in charge Rep or Dem plenty of people will thinka) That guys an idiot glad I didn't vote for himB) That guys an idiot sorry I voted for himc) I can do it better... Don't talk politics or religon at the bar or poker table.

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I think/hope the government will step in before it gets much higher.
You mean like it does in Cuba?I work in the oil and gas business and can say that the days of cheap oil are gone. It's just technically too hard to find, or too politically risky. China and India are sucking up all new production and then some.Besides, oil was more expensive than this in the early 80's - in real dollars it would be about $85/bbl today.Economies will adjust. Interestingly, SUV sales were strong again last quarter.
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To support President Bush and our troop, I am willing to pay up to $5/gallon. So shut the hell up libbies!
what... an... idiotAre you one of those guys who wears the stars and stripes button-down shirt with jeans and a biker doo-rag?Thought so.Bush is an idiot, our country sucks right now, and dont tell me to get out of it. It is my country as much as it is yours, and i have the right to hate it if i want to. He had better fix things soon or i will be living it up in Canada where they know better than to meddle in too many foreign affairs, and where they dont send 18 year old kids to fight and die for censored gas prices.
Ill informed.The fight is about Muslim Extremeism, not oil. And planned or not the battle ground is now Iraq...or would you prefer it in your backyard? Keep in mind that from 1992 thru 2000 there were numerous warning signs and terrorist individuals identified that the administration at that time ignored and failed to act on. Fact...Atta was identified in 1999 and no one did a damn thing. Their hands were tied (for political reasons) by the administration at that time. Do your research.Regarding oil, less than 15% of this country's oil came ever came from Iraq, and that was 18 years ago! Our oil comes from South america, the Saudi's, Canada! and other places. This war is not about oil my brainwashed friend. We would love to have some extra Iraqi oil, but we do not need it and the lack of it is not causing this pump crisis.Oil prices. The only reason they are so high is NOT due to supply, demand or even refinery issues. IT'S GREED! the futures markets and the oil companies themselves are creating an artificial crisis. Very similar to what Enron did to Southern Cal. It's all bullchit. The crazy thing is gas is still cheaper today than it was in 1978, relatively speaking. We will have to see gas hit $95 a barrel before we get an equivalent scenario to that one. The other problem is the EPA has damanded that certain parts of the country use several different blends of gas. That has put part of the burden on the refineries which need to produce over 50 different blends of gas! A nightmare for those folks, but again, not the reason for the high prices.And I'm not a huge Bush fan but this worlds current situation is hardly all his fault. To think so is extremely narrow minded intellectualy dishonest.Best...
I agree, but gas at the pump won't be under $2/gallon in the near future, if at all again. The Earth is basically maxed out on how much oil per day it can produce. There aren't going to be any new "finds" or anything like that to curb demand. So you have a limited number of barrels a day, a growing world population, and the country of China that, due to its growthand sheer volume of people, is demanding more and more oil every single day. This is the reason for the inflated futures market, which will settle down, but oil south of $50/barrell is a thing of the past.EDIT: highlighted part I was responding to.
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Oil prices. The only reason they are so high is NOT due to supply, demand or even refinery issues. IT'S GREED! the futures markets and the oil companies themselves are creating an artificial crisis. Very similar to what Enron did to Southern Cal. It's all bullchit.
I work for an oil company, we sell into spot and futures markets, we don't make them. Traders are playing some games, using poltical unrest in Nigeria and Saudi Arabia to fuel speculative shortfalls.In truth, inventory levels of crude in the US are quite high, refining capacity is low, especially for some grades of oil.Ultimately, the price will remain high, but by high I mean in the $40-$50 range notwithstanding a general collapse in the Chinese economy. Then who knows?
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Where I live petrol is £0.90 per litre.  That is £3.40 for a gallon.  So that is over $6.00 per gallon.  I always laugh when Americans complain about the high cost of petrol.
Exactly...do you guys have any idea how much gas costs in most parts of the world? We are not entitled to cheap gas just because we are americans.
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In Sweden we pay about 6$ gallon too. so its a bit to go here but on the other hand in Europe we know how to make cars that doesnt use so much fuel. also I recommend everone to watch "Why we fight"

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i am conservative, i like bush and all that crap. but, messingtexas you are making yourself sound like an ignorant prick. maybe thats just me, who knows. i even think i might share some views with you, but as far as hurling insults....makes you look like a f'in douchebag

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for a lot more information, if you are interested.www.energybulletin.net - start with the primerhttp://theoildrum.blogspot.comand the peak oil entry in wikipediasince this can be a very argumentative topic, im not going to say much here; just give you the links if you areinterested.also, there are a lot of sites on this issue that are pretty extreme, butthese three tend to avoid that.

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Oil prices. The only reason they are so high is NOT due to supply, demand or even refinery issues. IT'S GREED! the futures markets and the oil companies themselves are creating an artificial crisis. Very similar to what Enron did to Southern Cal. It's all bullchit.
I work for an oil company, we sell into spot and futures markets, we don't make them. Traders are playing some games, using poltical unrest in Nigeria and Saudi Arabia to fuel speculative shortfalls.In truth, inventory levels of crude in the US are quite high, refining capacity is low, especially for some grades of oil.Ultimately, the price will remain high, but by high I mean in the $40-$50 range notwithstanding a general collapse in the Chinese economy. Then who knows?
Totally agree. Gas at the pumps will most likely never be under $2 again in the U.S. And someone commented about the Europeans and the prices over there, well... can you say apples to oranges? They are totally different scenarios. It would take hours to explain the differences (industries, economics, political, etc.) Not the same animal so comparing/criticizing the U.S. vs Europe is ludicis.Regarding the Markets you touched on my main point. Traders, speculators, etc. and how they have created a situation where they are able to effectively play on the "what if" fears, thus exploiting the EMOTIONAL aspect of this dynamic for huge gains. And we all suffer as a result. No moral compas for these folks. Best...
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To support President Bush and our troop, I am willing to pay up to $5/gallon. So shut the hell up libbies!
this makes me laffHey, news flash budday! What we pay for gas... yeah... the whole $2.70/ gal? NONE of that goes anywhere NEAR our troops, or even any AMERICAN BUSINESS. So you see, all we are doing is making the towel heads rich, punishing OUR economy, causing a giant leap in the cost of living in a country... which... because of CONSERVATIVES, has had the SAME minimum wage since 1997, while the U.S. Senate has voted to increase their salary 9 times since the same time. Did you know the value of the minimum wage in dollars, has gone down $0.95 cents since 1997? almost 20%. In otherwords, a worker in 1995 making minimum wage, had more VALUE to his money, or in other words, was MAKING more money, than a worker making minimum wage today?I support our troops. There is a LONG line of military in my family. But by god... if you think rising gas prices support our economy at ALL, then please, take an economics / government class.... or move the fuck out.kthx
I am sure you would be the first one to complain about buying a $20 hamburger.
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The oil prices have a lot to do with the increase in vehicles in China. Their oil consumption has risen around 1000% in the last 5 years. Thus increases the worldwide demand for oil, and the supply remains the same, thus prices go higher. It has nothing to do with who is the president of the United States.

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The oil prices have a lot to do with the increase in vehicles in China.  Their oil consumption has risen around 1000% in the last 5 years.  Thus increases the worldwide demand for oil, and the supply remains the same, thus prices go higher.  It has nothing to do with who is the president of the United States.
Do not forget India.
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Elect someone bought buy by oil companies, oil companies have record profits.I'm shocked, shocked, I say.Who possibly could have seen this coming?Oh yeah, I bought Euros and Oil when Bush was elected.Haha. Thanks suckers!

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Elect someone bought buy by oil companies, oil companies have record profits.I'm shocked, shocked, I say.Who possibly could have seen this coming?Oh yeah, I bought Euros and Oil when Bush was elected.Haha.  Thanks suckers!
How much stock did Jimmy Carter own?? Hmmm. Oil prices were high during his stay in office.
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I go on the internet to get away from people who talk about the rising costs of gas prices. Is there anywhere safe to go outside of my room? I don't even know if I'm safe there anymore. :club:

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Elect someone bought buy by oil companies, oil companies have record profits.I'm shocked, shocked, I say.Who possibly could have seen this coming?Oh yeah, I bought Euros and Oil when Bush was elected.Haha.  Thanks suckers!
Do you even know where America's oil comes from????
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In Sweden: 1.6 us dollars / litre or 1.9 canadian dollars / litreand for u who dont like the metric system :club:$6,1 / gallon - $7,2 / gallonAnd yes we have 1 litre of coke (alltough 0.5 and 1.5 are more common) :wink:

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Elect someone bought buy by oil companies, oil companies have record profits.I'm shocked, shocked, I say.Who possibly could have seen this coming?Oh yeah, I bought Euros and Oil when Bush was elected.Haha.  Thanks suckers!
Do you even know where America's oil comes from????
Saudi Arabia gives us about half. The other half comes from various places.
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Elect someone bought buy by oil companies, oil companies have record profits.I'm shocked, shocked, I say.Who possibly could have seen this coming?Oh yeah, I bought Euros and Oil when Bush was elected.Haha.  Thanks suckers!
Nicely done.
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