[GailA]

LONG article

[lilylangtree]

Consumers are being ripped off mightily because there's no real reason why prices are being hiked up. Whatever happened to the federal investigation announced in August 2003?

[international american]

"Only last year, gas prices were at record lows: 90 cents a gallon for regular unleaded then, to $1.56 a gallon and higher today. But oil-producing nations, including members of the OPEC Cartel, agreed last year to limit the supply of oil they put on the market, driving prices up to beyond $30 a barrel. After adjusting for inflation, these prices are still nowhere near historic highs set in 1980, which hit $2.66 a gallon."

Why don't you quote prices in 1987 when it was 67 cents a gallon?? What utter crap!!!!!!!!!!!!

[CHICAGOFARMER]

Readers of this post need to understand the following:

1. We need a long term energy policy with Coal and Atomic power leading the way replacing all of the peaker units now generating electricity with natural gas and crude oil. It now takes 10 years from start to finish to build a new large electrical power plant, and 20 years for nukes.

2. Current Oil in the ground estimates that around the year 2010 most all known reserves of oil will have been located as 90% are known today.

3. The washington bunch needs to act now for the energy package.

By the way in todays dollars as a percent of takehome pay, do you know when we paid the most for gasoline in the last 30 years, last 100 years?

So in my opinion to whine about fuel prices most who talk about it don't know what they are opining about?

[Eva]

What's Up with Oil?