The OIL price?

Question

the barrel is now $78 and in 2001 it was $10.00 the price of oil will carry on rising . i think.... imagine saudi arabia filling i think its 9million barrels a day... an extra $110,000,000 PER DAY. here we are the government making millions from us poor drivers and the oil producing countries minting millions. Look who's Laughing? And just a little bit of disruption...prices go mad... is this a conspiracy to get the middle east and oil producing countries even richer? and us poorer?

Answer 1

wait till it runs out
then we're all skrewd

Answer 2

Have any of you people ever taken an economics course? Do you see whats happening in the Middle East right now? Does someone need to explain supply and demand to you? Speculators drive the price of oil up when there is violence in the Middle East because of fear of supply disruption. Supply does down, price goes up! Now someone please tell me how the government is controlling the price of oil. You really need to get away from Air America.

Answer 3

So what are we going to do about it? Moan? Be outraged?
There are already elegant solutions to the energy crises. We can generate energy without it costing the environment and produce it far more cheaply than oil.

Wake up to the real problem on this planet at the moment. Corporations. They are often blind, greedy and selfish. They operate out of a vaguely sociopathic mindset. And no-one gets blamed because we become invisible inside the machine. "I'm just doing my job."

We worried once that robots would take over the world. Well they have. The robots are corporations that just build and dig without respect for humanity. They leech off us. They will control us if we let them..

Answer 4

God, some people on here are so bloody stupid. It isnt 'Lefties' who are pushing the oil prices up. Its free market capitalism.
Think about it, we demand a global market place where prices are set by conditions, yeah? Its a big Anglo-American idea and we love it, until other countries get one over us.

So OPEC is screwing us out of millions, we brought ourselves to this. When we stopped being self-reliant and opened up our markets, as the right wing told us, we became slaves to OPEC.

Thanks a bunch, damn psychopathic capitalists.

Oh, btw, what the hell is Speedfreak on about..Greenpeace funded by Saudi Arabia?
Jesus, someones parents were brother and sister methinks...

Answer 5

Nope. It's boring old economics. OPEC countries are producing at full tilt, OPEC being the main price-fixing cartel, of which many western producers are members along with most middle eastern producers. The only way to get prices down is to produce more. If you can't do that, you can't get prices down.

the fact is that oil demand is constantly rising (note China's ongoing awakening) but oil production is peaking. Result: mad prices. Better get used to them.

Answer 6

well oil ,our lifeblood and one day it will be in our own blood,rest assured it can not run out,also their are other sources for oil too. well before the next fifty years i suspect a major virus and a nuclear war of some kind,so oil will be safe and sound below the grunge till the end of time,and we humans,use ugly bastards will be burning everything we can get our paws on ,it wont run out, the little green men will arrive one day with new technology's for the western powers,well we hope anyway,meantime enjoy the smoke and deep breaths of all that c,02 poison,and dint forget the Teflon cook wear its good for the blood too,not as good as oil and poverty through,most extra moneys for these governments goes for military,bombs bullets etc. we also fun most western governments and love a good democracy too,if oil price goes to high, people will not be able to get to work or eat food anymore,i guess soilent green of some kind and walking to work would do ,but i think not enough to go around.anyway it will work out as failure is not a option,but getting old and sick is ,governments are betting on that....also remimber that all production has peaked and with china and other countries moving up to mega standards,their is just not enough of the 90,00,000 barrals a day to keep the prices low like they were,these prices are suppose to reduce the number of barrals used by decreasing demand, much like trianing a dog or cat ,but in this case the governments just want to trian you to use less oil and pay more =bust your bank ,so you learn to be trined like they need you to be. these middle eastern oil prodecers have no heart and soul, just oil puppets ,one just needs to understand they are not in control anymore ,they could not stop producing if they wanted too,they have more money than god ,but once you buy everthing western possible ,then only piles of money to collect and its only paper......oh also if governments wish to increase production at this point,well they will sacrifice some of our planet to do it,as big mess for more than 150,000,000 a day expected by 2008,good day

Answer 7

Was it all a Liberal conspiracy to bring down the U.S. by preventing us from exploring for oil and supplying enough for our own consumption? Did Liberal tree-huggers conspire to make us slaves to the Middle Eastern nuts in order to bring us down?

Is GreenPeace funded by Saudi Arabia?

Are Democrats funded by Middle Eastern interests?

What's the deal?

Answer 8

Well, the liberals fight to keep us from drilling for our own oil supplies. They much rather have us dependant on middle-east oil.

Answer 9

We dont need oil! they (arabs) run the world and have made us dependant on it, or so they would like us to think!!!

Answer 10

u.s gasoline is still a lot cheaper than here in the u.k so stop bitching and come and try our prices,then you would really have some thing to ***** about.