oil prices- who to blame??

billyk · Coal Joined: Nov 01, 2007 Posts: 15

OPEC say's that they have no control over oil prices. It's market driven. They are right to a point. Maybe the traders, hedge fund managers & SPECULATORS are to blame. Maybe it shouldn't even be sold on the commodities markets as it's too valuable a recourse to be in the hands of gamblers who never plan on fullfilling a contract. When global economies depend on oil it might be something to think about. billyk

dissident · Heavy Crude Joined: Apr 08, 2006 Posts: 465

Do you look to assign blame every time the prices at your local shops go up? Do you think cheap oil is your "human right"? Oil at $100 would still be dirt cheap. Way too cheap for its true value. If anything there is a lot of manipulation to keep oil prices down so that western and dependent industrial economies can function. As evidence for this, look at the absurd market response to US oil stocks. Oil stocks are not oil sources and their levels are totally irrelevant to the supply of oil. Next week we'll have some "report" that they are "up" and the clique of oil speculators will drive the price down to $85 or less. Too bad for the mainpulators that this ain't cod we are talking about and there won't be another supply of fish to replace oil with. There is no infrastructure to convert sufficient amounts of coal to oil or to use alternatives. It is the price manipulation of oil that keeps the dead-end status quo alive.

yull · Posted: Thu Nov 01, 2007 10:37 am Post subject: Re: oil prices- who to blame??

The reason oil prices are high is simple - production has been flat for around 3 years now yet demand has kept on going up.

billyk · Coal Joined: Nov 01, 2007 Posts: 15

But you can't argue the fact that it is traded like a game. Hence the comments that the supply is fine. It's speculators "betting" that perhaps some goof will plow up a pipeline so for that we'll bid a contract up. Once those costs go up it affects alot of other industries. When you run a business & your customers cut back because of fuel costs it hurts alot of small business people who simply can't pass the costs on. billyk

Andrew_S · Intermediate Crude Joined: Jan 09, 2005 Posts: 683

The supply is not fine.

That's the problem.

The mainstream media talk crap.

All the signs are that we are at peak oil - on the bumpy plateau.

emersonbiggins · Posted: Thu Nov 01, 2007 11:05 am Post subject: Re: oil prices- who to blame??

Chesire · Heavy Crude Joined: Jul 13, 2007 Posts: 267

Everyone who makes more than a dollar a day is to blame lol.

The golden age of cheap energy and the parasite population is coming to a close. The Spartans had the Helots to prop up their military based culture. The west had every dumb Fark they could con into taking the dollar and dollar based securities for limited natural resources. You can blame anyone you like and it will not put one more drop of oil in the ground.

billyk · Coal Joined: Nov 01, 2007 Posts: 15

Regarding gasoline- why does it come down a penny at a time yet goes up 26 cents overnight?? It did that just today. billyk

oilman23 · Coal Joined: Nov 02, 2007 Posts: 2

this is bs everytime the main reason oil prices goes up ans gasoline is becuase of the government and rich men on the markets. they no so long we need gas they will continue raising oil prices and gas prices at the pump. if most you believe we r in trouble with oil supplies your been fooled. its greed and power buy these rich oil company. when tht guy tht recently retired from exxon mobile oil company and get a 400 million dollar retirment package tht to me sounds like something strange to me. everytime we turn around the market ppl give us excuses why the oil prices r jumping and crap like tht. weather it is huricane season r war with iran. all bull crap excuse just to make themselves richer. but you no what they will tell you what they want to hear and no. they aint going to sit their and tell we are going to raise oil prices just make ourselfs richer. they will tell you oh winter is going to be bad r hurricane season is going to be awful and so on.. even r government has their hands in the pot by accepting payoffs. mr. bush even a oil man himself has alot to do with this oil flying higher everyday. back 8 years ago when clinton was in the white house oil was like 40 dollars a barrael. but in less then 8 years barrel of oil has gone up by 60 dollars in a short span since clinton days. bush has alot to do with the oil price surge hes taking payoffs as well but most of you are not going to accept tht are you because you want to believe what the mediea and the goveerment wants you to believe.are goverment is is total loss until we as the people take back our conpany and put it in the hands in main hand it was founded on which is God almighty himself. and get a true bible believe man back in the white house and turn turn country around back to were it was before .

oilman23 · Coal Joined: Nov 02, 2007 Posts: 2

this is bs everytime the main reason oil prices goes up ans gasoline is becuase of the government and rich men on the markets. they no so long we need gas they will continue raising oil prices and gas prices at the pump. if most you believe we r in trouble with oil supplies your been fooled. its greed and power buy these rich oil company. when tht guy tht recently retired from exxon mobile oil company and get a 400 million dollar retirment package tht to me sounds like something strange to me. everytime we turn around the market ppl give us excuses why the oil prices r jumping and crap like tht. weather it is huricane season r war with iran. all bull crap excuse just to make themselves richer. but you no what they will tell you what they want to hear and no. they aint going to sit their and tell we are going to raise oil prices just make ourselfs richer. they will tell you oh winter is going to be bad r hurricane season is going to be awful and so on.. even r government has their hands in the pot by accepting payoffs. mr. bush even a oil man himself has alot to do with this oil flying higher everyday. back 8 years ago when clinton was in the white house oil was like 40 dollars a barrael. but in less then 8 years barrel of oil has gone up by 60 dollars in a short span since clinton days. bush has alot to do with the oil price surge hes taking payoffs as well but most of you are not going to accept tht are you because you want to believe what the mediea and the goveerment wants you to believe.are goverment is is total loss until we as the people take back our conpany and put it in the hands in main hand it was founded on which is God almighty himself. and get a true bible believe man back in the white house and turn turn country around back to were it was before .

Chesire · Heavy Crude Joined: Jul 13, 2007 Posts: 267

bonehead · Posted: Fri Nov 02, 2007 4:33 pm Post subject: Re: oil prices- who to blame??

1. Tight Supply
2.Rising Demand Worldwide
3.Falling Dollar
4.Mideast Turmoil
5.Greed

Lighthouse · Light Sweet Crude Joined: Mar 02, 2006 Posts: 1458

kmann · Heavy Crude Joined: Jul 25, 2005 Posts: 322

Oilman23: thanks for the laugh!

joewp · Posted: Fri Nov 02, 2007 11:15 pm Post subject: Re: oil prices- who to blame??

Who's to blame for high oil prices?

All of us, including you, billyk.
_________________
Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb