Sorry, I would get banned.............
At this point, I don't care if it's price gouging, market forces, lack of refining capacity...or a combination of all of the above...all I know is I am sick of paying $3 a gallon for gas...
I'm pretty good with economics, but I can't figure out how a tight "unleaded gasoline" supply in the U.S. effects Crude Oil prices. The supply problem is because we are cutting the refineries over to summer blend.
Don't we really just care what the "crude oil inventory" is when deciding how it effect oil prices? Often, when we have this spring gasoline effect, our oil inventory goes up because of the backlog.
Disgust is about all I have to offer.
It is directed at envirowackos and politicians (on both sides of the aisles) bought and paid for by them.
The Democrats are delighted. They've done everything possible to block any new power sources, and now they have a golden opportunity to blame Bush.
I notice they are already busy doing so in an article referenced on Drudge's web site.
If, as we hear every day in the media, the cost of gas is too high for Americans to absorb, then the oil bubble is about to burst.
Usage is already down 0.6% from this time last year. Doesn't sound like much, but in a booming economy, it is a surprise.
These traders are dense as hell.
There is no indication of a war with iran.
Sy Hersh has basically achieved his objective, fear monger so gas prices go through the roof and bring down the govt.
These traders are lining the pockets of iran to build nuclear weapons. In their stupidity they are doing them a favor.
Won't somebody think of the Oil Company CEOs!
During the 90's they were homeless and wearing rags.
/rolls eyes
We are under attack.
It is an economic adversary.
Pres. Bush should take the lead as he did after 9/11. This symbolic gesture would have him on record as the one to take the helm.
The motto of this war should be something like: "Throw off the yoke of OIL."
Why fund the terrorists?
/sarc
So many opportunities to hedge consumption loss and make profit...
1. Buy Oil stocks (done-- just the last two months covered my gas @$4/gallon for this and next year)
2. Stock Options: Straddle leaning long (working on it)
3. If it goes to $75 (absurd) short oil futures (waiting)
As soon as the threat of Iran abates, so will the gas price.
Market forces at work. I really believe the growing needs of China on the oil markets is having an effect on the price increase we are seeing.
Get back in there Mortamer and sell...sell...sell...
More market manipulation by Soros and his DUmocrat-commie buddies.
Peak Oil
Another $25, we get to $100 a barrel, which is supposed to be some magic number. At that point, it is entirely feasible to mine the ocean floor for Methane Hydrate, a much more abundant storehouse of energy than all the petroleum, coal and natural gas reserves known anywhere in the world.
Just breaking open the seams of coal that underlie many parts of the US, and using the Fischer-Tropsch process, we can produce more fuel stocks than we are likely to import from foreign sources for the next fifty years. In a word, self-sufficiency.
Designs for nuclear power generation plants, using technology developed since the last round of plants were built in this country some thirty years ago, should become one of our crash goals, starting a new plant every two weeks for the next five years, and getting them on line within three years of beginning construction.
Disgust!