Close Topic Options

The Price Of Oil - Page 22

Oil just hit US$119 a barrel and it shows no sign of stopping! Anyone have a figure at which it is going to stabilize?

I was just thinking... maybe people should go back to using horse and wagon, but with grain costing so much that may not even be an alternative .

Oil Price The

I know lets ride piggy back....these guys will eat all your garbage and give you fertilizer in return!


Lets see 119 is so 1.20 as 150 is to 1.5 so I bet some where around 140 a barrel.

The Price Of Oil History & Civil Business Politics

Production of oil is limited by the oil producers, OPEC and others such as Venezuela. You see tiny little articles in the paper or little "blips" on the main stream news about it. "OPEC member nations decline to increase production." That is how they can demand the higher prices, because they keep demand higher than the supply. It will continue to be so... who can change who owns the oil? In oil-producing places like Kuwait, the price of gasoline is somewhere around 89 cents a gallon, and they are building new refineries. When was the last time a new refinery was built in the US? Sometime in the 1970s or 1980s.

Don't expect a price change downward any time soon, and the cost can literally go as high as those who own the oil want it to.

Page 22 Oil Price The

Have we made ourselves so limited as a people that we can no longer do anything about the brutes who run these arrangements? There must be a global day of awakening for this - a day where people stop driving, stop flying or whatever to protest. The US can do more to encourage this, since they are the world leaders in usage and economics (although they are falling).

Oil Price The

There is a limit to what they can charge and they need to start trying to get their hands around it soon or they will actually start losing money. If there is a global recession, which is quite possible if the US economy goes under, then there will be a overall correction. This will also hit the oil market as well. If the US quits consuming, the effect will even hit China.

Seriously, was $19 per barrel a reasonable price? Probably not...for what it actually is and that there is a finite supply of it. However, can a $150 per barrel cost continually be supported by all nations without cutting into the expendable income of families? Probably not and some are already feeling the pinch.

My wife and I are cycling to work on clear days. This is more for health, but saving a few dollars at the pump isnt bad!

Keeping the supply tight without teatering us into a global recession is a dangerous game, but the countries that are willing to do it already experience tough times, so maybe the threat doesnt do much.

There has been repeated proposals to open up drilling in some Alaskan Reserve Land, but this has been effectively killed by green lobbyist. I cannot help but believe that there must be some oil reserves in China as big as it is, but I never hear much about drilling there.

The Price Of Oil

I do not think for one second that drilling more wells is the answer. We may feel the pinch in our wallets but I think it is a good thing in the long run. Why because it is that pinch that will make people stop and think do I really need to drive to the corner store or work. Is public transportation cheaper? Gosh maybe I could even walk and loose some of the fat of my butt. Yes we have gotten lazy and the number of cars on the road is part of it we also have been pushed into crazy time schedules. All of the habits need be broken so that the cars we do have are used less. I burn 30 liters of fuel a week to transport myself and my wife all week in a truck. Why because I leave t at home most days and we walk to places that are under 3 miles.

Part of the solution to the cost burdens to monitor usage. I grew up ion remote area and these are the people I feel for as they must drive. But funny part is most of them spend less on gas then my friends in the city that have all at the finger tips!

We need to simplify our live shut off tv computers and get our bodies out side climbing trees and kicking the pig skin around. Thats right take on an active lifestyle and our cost of living will drop not to mention our waist lines!


It is our lifestyle that makes us more and more dependent on gas. Why live 40 miles from work. I moved to where I did because the cost of maintaining a car is brutal the gas was and still is the cheap part.

So go hit the local political head and demand better transit better bike paths walkways, and demand to see gas saving patents from the federal boys look to see who owns them analyze for your self if they would work. The scream like crazy at the result to you PM. Then maybe things will change. Do not look for a short term easy out because this is not one.

The Price Oil - Page 22

The good thing about drilling wells on American territory is less American dependence on OPEC and other producing countries. The bad thing is that it will eventually destroy the environment around the wells and the supply lines to get it to "civilization."

But I do agree, to become less dependent on oil in general, we all need to use it less. Demand drops, so does price - at least that's the economic model. (Don't get me started on government intervention in economics! )

The Price Oil Politics Business Civil & History - Page 22

Well gas has hit $3.50 a gallon here where I live. I can not bike to work as it is too far. Over 25 miles one way. Plus getting off in the dark with drunks on the road I would be at serious risk. I have to think of where I can cut back to save enough for the gas price jumping up. It was only $3.10 a couple weeks ago.