$100 Oil
Senior Member
Joined: 06-26-2006
Posts: 513
From: Del Rio, Texas
Thread Starter
Senior Member
Joined: 06-21-2006
Posts: 939
From: Calgary
But as soon as the analysts predicted oil would go up to $100 a barrel, it started inching up. Maybe we need to get rid of the analysts and let this free market system function correctly.
I'm sure some speculators will make a lot of money out of this. They'll also put a lot of families in financial ruin, just like the mortgage industry has done. Greed is a horrible thing!
I'm sure some speculators will make a lot of money out of this. They'll also put a lot of families in financial ruin, just like the mortgage industry has done. Greed is a horrible thing!
The industry is just along for the ride and will make money at any price.
Senior Member
Joined: 01-20-2006
Posts: 1,707
From: Centralia, Missouri
I believe that the speculators are the ones driving the price of oil to the magic $100/barrel price.
It will remain high through the winter because of heating oil demand and into the spring as the change over to gasoline production for summer driving.
The high cost of gas in certain sections of the country are because of state mandates for specific blends of gas for "environmental pollution" reasons or just to give some cash back to oil company lobbyists who contributed to their campaigns.
Once the mess in the middle east is ended, I think that oil prices will drop, but gas prices will stay relatively high.
Ethanol or ethanol blends wont help reduce gas prices, but will increase food prices as corn would now be used for the manufacture of ethanol, rather than for food. The large farms will continue to get government farm subsidies to grow or to not grow corn. The ethanol blends and E85 fuels will make cars less fuel efficient (10-15% less mpg) causing you to pay as much or more per gallon for these fuels and to go fewer miles between fillups.
Once the oil prices drop, the speculators will have made their money having encouraged others to take the risk and get in at the high side of the market and they lose their shirts, much like the housing market and gold speculators.
BTW gold is as high as it was back in the 80s, it then lost 2/3 s of it value before it recent recovery 25 years later.
I degress. Based on inflation oil and gas prices are relatively the same as in the 70s when gas broke the $0.40/ gallon price barrier.
It will remain high through the winter because of heating oil demand and into the spring as the change over to gasoline production for summer driving.
The high cost of gas in certain sections of the country are because of state mandates for specific blends of gas for "environmental pollution" reasons or just to give some cash back to oil company lobbyists who contributed to their campaigns.
Once the mess in the middle east is ended, I think that oil prices will drop, but gas prices will stay relatively high.
Ethanol or ethanol blends wont help reduce gas prices, but will increase food prices as corn would now be used for the manufacture of ethanol, rather than for food. The large farms will continue to get government farm subsidies to grow or to not grow corn. The ethanol blends and E85 fuels will make cars less fuel efficient (10-15% less mpg) causing you to pay as much or more per gallon for these fuels and to go fewer miles between fillups.
Once the oil prices drop, the speculators will have made their money having encouraged others to take the risk and get in at the high side of the market and they lose their shirts, much like the housing market and gold speculators.
BTW gold is as high as it was back in the 80s, it then lost 2/3 s of it value before it recent recovery 25 years later.
I degress. Based on inflation oil and gas prices are relatively the same as in the 70s when gas broke the $0.40/ gallon price barrier.
Senior Member
Joined: 05-23-2006
Posts: 1,082
From: Chandler, AZ
You lost me on this one! What does being Hispanic have to do with supporting that "Nut Job" leader over in Iran?
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Joined: 01-20-2006
Posts: 1,707
From: Centralia, Missouri
UNBELIEABLE!
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Joined: 08-21-2006
Posts: 288
From: Uniontown, KY
Gas prices will never go back to pre 9-11 levels. Why?? Simple answer. Because over the past few years through various spikes in price they have proved that the market will sustain the cost. We'll raise prices for a short term and then only lower a little, then after holding the price high for a few weeks we'll cut it back a touch and now it seems like your getting a break. never mind the fact that your payingtwice what you would have just 2 yeras ago. And oil companies, blech. I dont begrudge anyone their profit but are not allowed to pull in record profits every quarter for the past few yeras and then try and tell us "things are tough all over" cuz i aint buyin it.
Senior Member
Joined: 06-26-2006
Posts: 513
From: Del Rio, Texas
How on Earth can you support a so called leader who calls OUR President satin, who is an enemy of this country, who says the Holocaust never happened, who supports terrorist and aids those who are killing our troops, who says Israel will be wiped off the face of the Earth? UNBELIEABLE!
UNBELIEABLE!LMAO... watch FOX news much?
our president has done ALOT much more worse things then aminijidad(sp)...
how is he an enemy of the US? HE HASNT done ANYTHING to provoke the US in anyway... supports terrorists? not totally proven but he does "support" i think syria and lebannon, so what? ISREAL does WAY more to the palestinians then they do to the isrealis....
IRAN has not killed any american troops in any way shape or form; the whole weapons thing from iran was a bunch of BS (propoganda more like it)..
HE NEVER SAID isreal needs ot be wiped off the map, that was one of the biggest bull**** stories ever, he was misquoted thanks to the ZIONIST machine..
he NEVER SAID the HOLOCAUST didnt happen, he opened up the ideas to question it, i even question the real thing and the supposed #s.nothing wrong with that huh since we have freedom of speech?
sorry for the hijack of the thread but this has to be said....
ISREAL is the real enemy of this world...
and i also support CHAVEZ...he has wanted ot help but why would bush and crew want to hault very very cheap fuel/oil/energy to the needy/poor people of this country? hmm cuz they wont make money?
Senior Member
Joined: 06-26-2006
Posts: 513
From: Del Rio, Texas
maybe cuz i have a different view of the world, bieng non-white/caucasion?
doesnt sound politically correct but hey its the real world....
everyone is supposed to be equal, but in REALITY there are BIG differences in the way different races are brought up in the world.
any maybe cuz im not a crazy nut job, war mongering, gay, child molesting, extremly religious, republican?
Senior Member
Joined: 06-18-2006
Posts: 839
From: Hillcrest, San Diego, CA
