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How does oil speculation raise gas prices?

irish 2012/04/22 15:11:04
U.S. oil production is up, so why are gas prices so high?

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...

How does oil speculation raise gas prices
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  • olylift 2012/04/22 20:09:34
    olylift
    Our oil supply as we know it is going down. Supply down, demand up. They are making a safe bet.
  • irish olylift 2012/04/23 12:10:27
    irish
    according to the info its the other way around.
  • olylift irish 2012/04/23 20:04:51
    olylift
    Our oil supply is growing?
  • irish olylift 2012/04/24 12:43:02
    irish
    demand is down. reread the article.
  • olylift irish 2012/04/24 17:43:13
    olylift
    It 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.
  • irish olylift 2012/04/25 11:49:21
    irish
    they have been warned for years and years and years. obviously they don't care.
  • olylift irish 2012/04/25 22:22:55
    olylift
    the world will be a fun place when oil runs out.
  • irish olylift 2012/04/26 11:30:43
    irish
    it will be a cleaner place.
  • olylift irish 2012/04/27 21:57:21
    olylift
    Undoubtedly. But the years leading up to that point are going to be stressful to say the least.
  • irish olylift 2012/04/29 13:04:47
    irish
    of course because the big money companies don't want to make anything that doesn't profit them.
  • kmay 2012/04/22 15:45:51
  • irish kmay 2012/04/23 12:10:43
    irish
    thanks.

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2014/04/23 09:29:14

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