The charts indicate that oil prices have turned back up. On the other hand, a variety of oil refineries are coming back on line which should drive gas prices down. What's going on here?
2007-03-25 23:52:53 · 7 answers · asked by Renegade_X 3 in Business & Finance ➔ Investing
Oil prices look higher to me also. So do the energy stocks. I'm not sure what will happen at the pump.
2007-03-25 23:55:31 · answer #1 · answered by AZ123 4 · 0⤊ 0⤋
Looking at the world scene, we see that most of the scientists are claiming that we're reaching the end of the supply. Not the peak, but the end. We're running out. We may be able to substitute renewables for fuel, but all the other things oil is used for will also suffer. So with the realization of this, the market can only increase. I wonder what the price of the very last barrel will be?
2007-03-26 00:03:47 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Hi!
Of course..but not for the reasons you might think. Consumption is higher than expected..and many of the refineries are doing pre-summer (high-demand) maintenance chores..and production is down.
Simple. Production is down..demand is up..and so prices are headed up as well. Many commodities follow the same predictable cycle...supply and demand.
2007-03-26 01:32:03 · answer #3 · answered by Anonymous · 1⤊ 0⤋
The dynamics of the free market are at work. If supplies are low, prices go up as demands go up.
The major interference is government. Lots of taxes added on don't help anyone. The federal government has lots of formula mandates that drive the prices up also.
2007-03-25 23:57:36 · answer #4 · answered by regerugged 7 · 0⤊ 0⤋
Oil prices will keep going up until consumptions lowers. Don't confuse oil prices with gas prices though, they are separate in many ways.
2007-03-25 23:55:52 · answer #5 · answered by blakereik 4 · 0⤊ 0⤋
Into the sky. except factors like photograph voltaic or wind skill that have constantly been there around are harnessed. Then oil is for use for in part powering potential of transport. Commuting for paintings that includes 2 living instruments, one for paintings and yet another for sleep, desires to be curtailed.
2016-10-19 22:56:53 · answer #6 · answered by ? 4 · 0⤊ 0⤋
its a crap shoot
2007-03-25 23:55:49 · answer #7 · answered by igottadrive2001 5 · 1⤊ 0⤋