Gas Prices

[MX43]

Gas prices.

[Junk]

heh. :roll:

I usually dont go into politics and crap, but that kinda pinches a nerve.

The problem is OPEC, they are the real terrorists, we are in a vicious circle, OPEC said they will raise the price of oil as long as the US dollar looses value...As long as they raise the price of gas, the price of everything goes up, people buy less, and the dollar goes further down.

Kinda ****ed up.

I bet your one of the dumbasses who wants to pull all troops now. We are over there, like it or not, lets be responsible and stay there untill we fix our own mess...That takes presence. Its very unfortunate we have lost over 4000 men and woman over there, however its a relatively small price to pay...Its been 5 years...We lost 58,000 soldiers in vietnam, and the US was mostly present for just over 6 years, its debatable on when it started and ended, but we lost most of our men in that timeframe.

People forget...I am not comparing the two, but man, it could be worse, a lot worse. How dare people adequate our soldiers lives to the price of oil and gasoline. These are people, fathers, sons, daughters, not numbers.

[MX43]

First, I am not a dumbass. Second, I posted something that I thought people might find interesting. Sorry I hit a nerve. Hell, I believe the same way you do about our troops. God bless every one of them.

[JOE]

The problem is OPEC, they are the real terrorists, we are in a vicious circle, OPEC said they will raise the price of oil as long as the US dollar looses value...As long as they raise the price of gas, the price of everything goes up, people buy less, and the dollar goes further down.

Kinda ****ed up.
No, perfectly normal. The US is not the only market for OPEC oil, the world is. Be glad that oil is still widely traded in terms of US Dollars.

If oil were traded in EUROs, then it makes sense for the price per gallon to go up when the US Dollar goes down in comparison to the EURO.

When the price is high enough US domestic oil will be more economical than imported oil and prices may level off. But US oil producers are greedy too.

Also, domestically produced alternative fuels like E85 or for that matter electric vehicles will be more economical as well.

[Zero]

The gas price problem is because of all the investing that has gone into "oil futures" recently.

In 2000 there was less than 10 billion dollars invested in the Oil Future market, today there is over 250 Billion dollars invested into the Oil Future market.

The more you buy into a market, the price goes up. These Oil companies are simply investing a lot of their tax free profits right back into Oil Futures which drives the price upward.


Currently, the US has a oil surplus. Refineries are running at less than 80% on the average, and its not because they don't have Oil to refine, its because demand for Oil is not there to ramp up production.

Some of you may not believe me, I don't care. I dont feel like posting references to prove it.