How does oil speculation raise gas prices?
irish -liberty or death!
2012/04/22 15:11:04
U.S. oil production is up, so why are gas prices so high?
Oil Speculation Basics:
http://money.howstuffworks.com/oil-speculation-raise-gas-pric...
How can this be?
The question is all the more perplexing, because the United States is not only producing more crude oil but also using less of it. As a result, net oil imports have dropped a third since 2005.
http://www.usatoday.com/money/industries/energy/story/2012-04...Oil Speculation Basics:
http://money.howstuffworks.com/oil-speculation-raise-gas-pric...
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- olylift 2012/04/22 20:09:34
Our oil supply as we know it is going down. Supply down, demand up. They are making a safe bet.reply -
according to the info its the other way around.reply
- olylift irish -... 2012/04/23 20:04:51Our oil supply is growing?reply
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demand is down. reread the article.reply
- olylift irish -... 2012/04/24 17:43:13It might be down now, but they realize by 2050 we're gonna be in some serious trouble if we don't start finding new ways to power our vehicles.reply
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they have been warned for years and years and years. obviously they don't care.reply
- olylift irish -... 2012/04/25 22:22:55the world will be a fun place when oil runs out.reply
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it will be a cleaner place.reply
- olylift irish -... 2012/04/27 21:57:21Undoubtedly. But the years leading up to that point are going to be stressful to say the least.reply
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of course because the big money companies don't want to make anything that doesn't profit them.reply
- kmay 2012/04/22 15:45:51+1
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thanks.reply
