When will our oil/gas prices drop?

Question

We have more oil inside our borders, than all the other proven reserves on earth.

Here are the official estimates:
• 8-times as much oil as Saudi Arabia
• 18-times as much oil as Iraq
• 21-times as much oil as Kuwait
• 22-times as much oil as Iran
• 500-times as much oil as Yemen

...And it's all right here in the Western United States.

http://www.stansberryresearch.com/PRO/0704OILCOL49/WOILHB02/200704AUT-COL-49.html

http://en.wikipedia.org/wiki/Energy_Policy_Act_of_2005

Directs the Secretary of the Interior to complete a programmatic environmental impact statement for a commercial leasing program for oil shale and tar sands resources on public lands with an emphasis on the most geologically prospective lands within each of the states of Colorado, Utah, and Wyoming.[4]

http://ostseis.anl.gov/eis/what/index.cfm

The Energy Policy Act of 2005 (the Act), Public Law 109-58 (H.R. 6), enacted August 8, 2005, directs the Secretary of the Interior (the Secretary) to complete a programmatic environmental impact statement (PEIS) for a commercial leasing program for oil shale and tar sands resources on public lands with an emphasis on the most geologically prospective lands within each of the states of Colorado, Utah, and Wyoming. The Programmatic EIS will evaluate the amendment existing applicable Resource Management Plans to address oil shale and tar sands resources leasing in these three states.

Answer 1

When the oilmen are outta D.C.!!!;-)=

Answer 2

the gas companies know that we as american's will pay whatever they ask. To get gas prices to go down we as the american public need to protest by not buying gas for at least a week. That means we all have to stay home so the big companies that produce and sell the gas are not making the big profits. If everyone in america would stop driving for a week prices would drop in a hurry to get us back out on the road and back to work. Most of us however dont have the finiacial resources to do this though.

Answer 3

You believe that snake oil ad? They'll make more money on the subscription fee than you will in investing. If this is true you would have to think that big oil would have already done everything they could to extract this oil no matter what form it is in. I'd save my money.

Answer 4

The price of oil will drop when we as americans stop relying so much on it. We must find alternate types of fuel and use them. We can dig for our own oil here in the U.S. if we just must have to have oil. I truly think that afterd the next presedential election the price of oil will fall and stabilize.

Answer 5

the fact is,all of the gas stations are taking advantage of us. most of us drive big SUV's. the gas station's raise the price blaming the war in iraq when they can still make money with one dollar a gallon, now its over 3.

Answer 6

Do you have any idea how difficult it is to get oil from shale and tar sands???

please educate yourself what your suggesting is unrealistic

http://en.wikipedia.org/wiki/Shale_oil

http://en.wikipedia.org/wiki/Tar_sands

Answer 7

I've heard that they will go to 5.$ per gallon SOON! Sad, I know, I'm feeling it

Answer 8

They won't and its going to get a whole lot worse.$1.30 a litre in Australia

Answer 9

You think that you've got it bad?.... It's almost £4.50 a gallon (about $9.00) in the UK!

Answer 10

10-4, PLENTY, BUT REMEMBER WWE HAVE DIRTY POLITICANS!!!!!! i'M SURE IT WILL HIT 4:00 A GAL. BEFORE IT'S ALL OVER, AND THAT WILL RUIN OUR ECONOMY!!!!, IT WILL HURT EVERYONE, PRICES WILL SOAR, IT WILL BE BAD, AND NO ONE GIVE A ****!!!!!! THATS WHAT BUGS THE HELL OUT OF ME........

Answer 11

IT HAS BEEN UNPROFITABLE TO TRY TO HARVEST OIL FROM SHALE