Question Business
Who’s to blame for $4 gas?
Peter Griffin July 09, 2008 23:56:15
- 113 answers
- Read all 129 comments
- +26 raves
$4 a gallon and keeps rising every single day. Time has come my fellow SodaHeads...
TO START POINTING FINGERS!
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PS. I didn't give the option "None of the Above" or "Undecided" in purpose. Just select your best answer.
TO START POINTING FINGERS!
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PS. I didn't give the option "None of the Above" or "Undecided" in purpose. Just select your best answer.
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Top Comment
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Emerging countries like China and India - whose need for oil has increased dramatically in just the last year or two. They are buying every barrel they can lay their hands on.
Back off. I am addicted to oil.View thread
SodaHead Hot Trends
OPEC and Big Oil - conspiring together so that they can rake in even bigger, record-breaking profits this year than ever before.
No one. This is just the free market and the natural laws of supply and demand in effect.
OPEC and Big Oil - conspiring together so that they can rake in even bigger, record-breaking profits this year than ever before.
Emerging countries like China and India - whose need for oil has increased dramatically in just the last year or two. They are buying every barrel they can lay their hands on.
Emerging countries like China and India - whose need for oil has increased dramatically in just the last year or two. They are buying every barrel they can lay their hands on.
OPEC and Big Oil - conspiring together so that they can rake in even bigger, record-breaking profits this year than ever before.
No one. This is just the free market and the natural laws of supply and demand in effect.
No one. This is just the free market and the natural laws of supply and demand in effect.
We the consumer - who choose to buy gas guzzling SUV’s instead of using public transportation or buying a smaller, more fuel friendly car.
No one. This is just the free market and the natural laws of supply and demand in effect.
Hitting rock: Dems oblivious on oil
Saturday, Jul. 12, 2008
MAYBE THE quickest way to lower oil and gas prices would be this: Immediately enroll every Democratic member of Congress in an entry-level economics class.
The lack of even a basic grasp of economic concepts has led Democrats to oppose sensible policies that would begin to lower oil and gas prices. Instead, they push hair-brained ideas that make no sense.
Senate candidate Jeanne Shaheen howls incessantly about speculators. She claims that speculators trading on electronic exchanges and overseas are driving up the price of oil and if only we cracked down on them the price would fall.
But here is what Walter Lukken, chairman of the Commodity Futures Trading Commission, said about that idea last week: "We haven't evidence that speculators are broadly driving these prices."
To the extent that futures trading is increasing prices, the major culprits are not unregulated traders, as Shaheen keeps saying. The real problem is that with demand continuing to outstrip supply, traders see no end to rising prices. The value of a barrel of oil...
Hitting rock: Dems oblivious on oil
Saturday, Jul. 12, 2008
MAYBE THE quickest way to lower oil and gas prices would be this: Immediately enroll every Democratic member of Congress in an entry-level economics class.
The lack of even a basic grasp of economic concepts has led Democrats to oppose sensible policies that would begin to lower oil and gas prices. Instead, they push hair-brained ideas that make no sense.
Senate candidate Jeanne Shaheen howls incessantly about speculators. She claims that speculators trading on electronic exchanges and overseas are driving up the price of oil and if only we cracked down on them the price would fall.
But here is what Walter Lukken, chairman of the Commodity Futures Trading Commission, said about that idea last week: "We haven't evidence that speculators are broadly driving these prices."
To the extent that futures trading is increasing prices, the major culprits are not unregulated traders, as Shaheen keeps saying. The real problem is that with demand continuing to outstrip supply, traders see no end to rising prices. The value of a barrel of oil today stays high because traders believe it will be more valuable in the future.
Any step Congress takes to produce a large increase in future supply -- opening the outer continental shelf to drilling, for example -- will reduce current prices. If there will be a lot more oil 10 years from now, a barrel of oil today loses some of its investment value, and its price falls.
As Harvard economics professor Martin Feldstein wrote in The Wall Street Journal on July 1, "Increasing the expected future supply of oil would also reduce today's price. That fall in the current price would induce an immediate rise in oil consumption that would be matched by an increase in supply from the OPEC producers and others with some current excess capacity or available inventories."
This is pretty basic stuff. And yet Democrats are oblivious. They adamantly oppose more domestic drilling, claiming that it won't affect prices for decades. Clearly, they have yet to grasp the basic concepts of supply and demand.
Then there is Rep. Carol Shea-Porter's pet policy: forcing oil companies to drill on land they already lease. Economists and oil industry experts have roundly criticized this proposal as completely useless. It would force oil companies to drill speculatively or where there is no or little oil -- or into oil wells that are already tapped! Meanwhile, she refuses to let them access America's largest untapped oil reserves.
The solution offered by Sen. Barack Obama and other Democrats: Impose a windfall profits tax on oil companies. But of course, that will do nothing to increase the supply of oil or reduce demand.
Because the party that controls Congress has no idea how the economy works, it looks like we are going to be stuck with high oil and gas prices for a long, long time.
The falling dollar because oil is priced in US dollars. So when the dollar falls, it allows other countries to buy more oil which drives up demand and prices.
No one. This is just the free market and the natural laws of supply and demand in effect.
OPEC and Big Oil - conspiring together so that they can rake in even bigger, record-breaking profits this year than ever before.
ALL OF THE ABOVE!!!
OPEC and Big Oil - conspiring together so that they can rake in even bigger, record-breaking profits this year than ever before.
We the consumer - who choose to buy gas guzzling SUV’s instead of using public transportation or buying a smaller, more fuel friendly car.
are sta is going down
The falling dollar because oil is priced in US dollars. So when the dollar falls, it allows other countries to buy more oil which drives up demand and prices.
No one. This is just the free market and the natural laws of supply and demand in effect.
OPEC and Big Oil - conspiring together so that they can rake in even bigger, record-breaking profits this year than ever before.
...but oh no, not the U.S. It's like the U.S. is constantly stuck on stupid and EVERYBODY ends up paying for it.
Hopefully you can view this link if you have a Facebook acct.
http://www.facebook.com/profi...
No one. This is just the free market and the natural laws of supply and demand in effect.
Emerging countries like China and India - whose need for oil has increased dramatically in just the last year or two. They are buying every barrel they can lay their hands on.
Emerging countries like China and India - whose need for oil has increased dramatically in just the last year or two. They are buying every barrel they can lay their hands on.
We the consumer - who choose to buy gas guzzling SUV’s instead of using public transportation or buying a smaller, more fuel friendly car.
it may cost more to buy but its much cheaper in the long run of things! and if you say its the oil company's fault then well your just doing what they want you to do; not have fuel efferent cars and keep having to buy there product. thats what anyone wants! so dont blame the ones your pervading if you stop pervading them they go out of business so dont give them money dont go to that gas pump and dont provide for them by doing that!!
The falling dollar because oil is priced in US dollars. So when the dollar falls, it allows other countries to buy more oil which drives up demand and prices.
No one. This is just the free market and the natural laws of supply and demand in effect.
No one. This is just the free market and the natural laws of supply and demand in effect.
In the political arena, it is BOTH parties. Each party tries to solely blame the other, its ridiculous. Republicans have never pushed auto manufacturers or consumers to conserve and Democrats refuse to let America use its own natural resources. The first run the supply dry while the second will not allow us to get more.
Emerging countries like China and India - whose need for oil has increased dramatically in just the last year or two. They are buying every barrel they can lay their hands on.
No one. This is just the free market and the natural laws of supply and demand in effect.
OPEC and Big Oil - conspiring together so that they can rake in even bigger, record-breaking profits this year than ever before.
OPEC and Big Oil - conspiring together so that they can rake in even bigger, record-breaking profits this year than ever before.
We the consumer - who choose to buy gas guzzling SUV’s instead of using public transportation or buying a smaller, more fuel friendly car.
We Americans who refuse to stand tall and united against a government that has done nothing but spewed lies over lies doesn't help either. We are a self-centered and selfish society (how's that for alliteration!) and if All Americans would unite rather than remain divisive, we could easily and quickly patch things up. It began when the self-proclaimed "uniter" began to divide the American people. Has anyone ~ over 30, that is ~ ever seen such division amongst the asses and the elephants as there has been in the last 7 years? Think.
There was no unrest with Clinton. He just wasn't a moron like the idiot who's been RUINING our country for the last nearly 8 years. Period.
Peace ~
As I've mentioned many times prior to this posting, I am not into extremist viewpoints (of which some members of any political, religious, etc. sect could be accused of). I don't subscribe to tainted media reports (which include CNN, FOX, CBS, etc. ~ Hell, I haven't even read a newspaper for years!), nor do I base my opinions on what someone simply tells me.
I do my own reading, observing, research, and analyzing. I am neither a blind sheep, nor am I uneducated. I have a mind, which I exercise to the best of my ability on a daily basis. I am not connected to the telly, nor am I connected to a cell phone, computer, or radio, for that matter.
I'm not a luddite in any sense of the word, either. I have to say, though, that I personally do not take very kindly to someone ~ especially some unknown on the internet who knows nothing about me ~ accusing me of being some moron...
As I've mentioned many times prior to this posting, I am not into extremist viewpoints (of which some members of any political, religious, etc. sect could be accused of). I don't subscribe to tainted media reports (which include CNN, FOX, CBS, etc. ~ Hell, I haven't even read a newspaper for years!), nor do I base my opinions on what someone simply tells me.
I do my own reading, observing, research, and analyzing. I am neither a blind sheep, nor am I uneducated. I have a mind, which I exercise to the best of my ability on a daily basis. I am not connected to the telly, nor am I connected to a cell phone, computer, or radio, for that matter.
I'm not a luddite in any sense of the word, either. I have to say, though, that I personally do not take very kindly to someone ~ especially some unknown on the internet who knows nothing about me ~ accusing me of being some moron who has not a mind of her own.
In regard your comment so eloquently masked as a "suggestion", albeit uneducated (in regard to me or my life), I kindly request that in the future you please refrain from accusing me of being some bimbo without a mind of her own. Some bimbo whose picture of reality is thwarted because someone thinks her "mindset is a media created fantasy."
For the record, your opposition is duly noted.
Peace ~