[TX911]

I hope gas prices get so high that we don't have a choice but to find other forms of energy. Goodbye middle east. They'll be back in huts slinging their own shit at each other in no time

[redjako]

Dubs mission agin?

Sure they've been in a cesspool with the majority of the population for a good long while..excluding the ruling classes. Back in the time of our great lords and kings of shitholes, we were disgusting ass barbarians.

Werd.

[rammsteiner]

Thank you Saudi Arabia

[Typhus]

The dollar is still worth next to shit so I don't see too much positive in this.

[balance]

Eerily similar to Reagan working with the Saudis to drop oil prices in '85...

[falconstalon]

Originally Posted by TX911

I hope gas prices get so high that we don't have a choice but to find other forms of energy. Goodbye middle east. They'll be back in huts slinging their own shit at each other in no time

yea um once again it's not the saudi's it's exxon mobile, shell, bp, you know those guys

[kdx200]

Originally Posted by BadassHo

excellent. chavez was bitching about oil prices being to high also.

i think that oil countries are worried that too high of oil prices will force the world to find ways to live without using so much oil, and will find ways to run without oil, fucking over the oil producing nations.

they need to lower prices, then after we get used to cheap oil, raise them again to begin the next rapefest of the world.

Higher prices can and will price the oil producers out of the fuel market because right now we all know that this price hike is resulting in a rapid race for the next big thing to take the place of gas/oil for our vehicles. Fuel Cells that not only power your car but can be used to power things in your home are right around the corner. Petroleum is still needed for the manufacturing of tons of common everyday items but take out the vehicles gas/oil consumption and the oil producing countries are going to take a huge hit. I imagine they are sweating the future just a bit.

Oil speculators are one of the major culprits driving up oil prices. All these speculators do is get a written agreement at today's oil per barrel price that they can get at a later date if they want to. A legislative bill that requires these speculators to take direct shipment of the product they want at today's price would in large stop most speculators from doing what they're doing. If they buy 1000 barrels today at $135 only on paper so technically they have increased the demand. If they were required to take delivery of this 1000 barrels most of the speculators wouldn't have a storage facility to do this. At least the small time guys which are the bulk of the speculators would be forced out thus decreasing demand and price.

The US is consuming less oil then it did 5 years ago but a few other countries are using more. The worlds total demand has stayed about the same. I believe speculators and a weaker dollar are the major reasons for the sharp spike in price. Speculators do this same thing on a variety of products like wheat, corn, etc to cause price increases. The difference is that we don't have to have corn to live and function. We can eat beans instead until corn prices come back down. Oil has no readily available alternative at this time.

The speculators need to be put in place and forced to take delivery of the goods they are acting like they want to have.

[kdx200]

Originally Posted by megaseth7

Not disagreeing but I really think there must be a big story behind why the U.S. is not allowing Oil drilling in the Gulf of Mexico. One would think that as long as China and India are drilling there we might just as well open it up. Of course that approach doesnt make sense if your main interest is controlling the price of oil. Hey if you can pay the lobbiests off Congress will agree to anything.

They are in International waters. Our dumbass liberal left idiots have a hissy-fit about the possibility of us drilling 50 miles off our own coast lines. What is not safe about it??? We have tons of oil rigs off the TX and LA coast now. How many environmental problems have came up???? I'm tired of hearing what we CAN'T do from the liberal left with no alternative solution but to raise taxes and give away freebies to undeserving people. I want to hear what we can do and then let's do what American's are known for.................roll up our sleeves and show the world what we can do if we put our minds to it. I prefer the attitude of "the more you say I can't the more I say get out of my way and watch me."

The already tired expression the liberal Dumbs are using is "we can't drill our way out of this mess" is a pathetic joke. If they hadn't been against every other alternative source of energy for the past 2 decades we wouldn't be in this condition. If we'd started drilling 10 years ago that oil would be hitting the market already. We still need oil for the production of tons of commonly used everyday items even if we get a readily available alternative fuel source for vehicles.

[DirectDrive]

Originally Posted by NMMMAFan

Prices won't change. The US is constantly lowering their production to offset the increases in production overseas so they can control the profit for the US oil companies.

Classic. so Americn oil compaies lower their production when the price is high to make money?

i hate to tell you this but they generally up production when the price is high because they can make more money off of their commodity. applying your logic.... if oil gets too high the the American energy producers will close shop until the price comes down.

the higher the price of oil the more money that they will invest in E&P. If oil is priced too low then it isn't even econoically viable to drill in the lower 48 due to high operation cost and low production returns.

[CDiablo]

Oh noes the oil companies better raise prices due to this news