Gas Prices Not Buying the Excuses

I don't think the price of fuel in the US has anything to do with the supply or demand, except in as much as the corporations and speculators can play the market and the US economy into the ground while they reap the benefits.

And if we fall into step and allow drilling in ANWR, we are just plain stupid, and unable to learn from previous mistakes like Enron, and the earlier Bush family connections to savings and loan manipulation.

 

I agree.About 9 years ago gasoline was 'under 1 dollar a gallon.Things do not change that quicky in the areas of supply and demand.Its just a big corporate con-game and speculators have a good deal to do with it all.

 

Apparently, Ive heard this through a couple different sources that our government has been over the last 15-20 years been borrowing from other countries up to 1 billion dollars a day to keep petroleum prices down, this includes prices on plastics to gas. my theory is no one wants to lend The US money anymore do to the fact we are in massive debt, thus bringing us to the world wide average. Then you add the worldwide demand for fossil fuels which also is going to add to the cost.

 

Ask yourselves who controls the oil companies

British Petroleum (British Royal Family)
Royal Dutch Shell (Dutch Royal Family)
Exxon/Mobil, Chevron, Gulf (Rockefeller)

It has nothing to do with supply/demand.

It has everything to do with raping and pillaging.

 

Exxon didn’t seem too shaken by the threat from the Rockefeller name. It points out that these family members represent only 0.006 percent of Exxon’s stock.


http://www.nytimes.com/2008/05/04/business/04suits.html?fta=y



Like always, just more lies from Rat.

 

I agree with you 100% but that Hiptastic(i think?) guy won't.

He says it's supply and demand since we won't drill Alaska. lol

 

Yes, this makes perfect sense, even tho a hurricane can change fuel prices overnight. "remember katrina"?? some places seen a $2 increase the very next morning.

China has an estimated 100 million people coming out of poverty every 3 years,

 

Because, you dim-wit, those shares are held in trust by Rockefeller banks, insurance companies, universities and companies whose boards of directors and trustees are interlocked with the Rockefellers. When you have as much power as the Rockefellers do, it would look much too obvious if they owned so much of the stock under their family name alone. People might catch on and say "hmmm... something smells fishy here." Therefore, they use their various organizations, banks and corporations (which they control) as stockholders.

As writer Gary Allen points out:

 

Ok, numbnutz, They have so much power how come they have no control ?

The Rockefellers want the roles of CEO and Chairman split, didn't happen. Exxon said No.

The Rockefellers want more investment into alternative energy"kinda goes against your theory" Exxon said NO, Yea i'm convinced of their power .

 

This situation can be solved pretty simply.First the government can put "price caps" on fuel costs.And the speculators could be banned or heavily regulated by the government.This of course will not happen while Bush/Cheney are in office.Oil companies have made 'record profits last year.30 years ago the US government would do those things.But 30 years ago the US was 'not a country run by and for the rich.

 

Didn't we try this 30 yrs ago? How did that work out?

I don't know what the answer is, but i know this isn't it.

 

Some believes that gas prices are so high because of China industrial and commercial growth. It is not true. USA is preparing to global war. Newly builded IBM supercomputer is started to simulations of gloal thermonuclear war. Slavian people are really scarred. See news from Prague:
http://pl.youtube.com/watch?v=cNh2KhAgs5g&feature=related

 

the great exxon mobil only controls 3% of the world's known oil supply. all other oil, they have to buy at high prices, eating into their margins.

the price of oil is set by the commodities market. speculators are the main problem, imo. fundamentals should have oil around 50-90 a barrel. don't worry, it'll happen.. it'll be back to those levels at some point.

 

Exactly.

It worked. And if our administration would use some of the reserves to apply pressure on Opec it could work again. But this oil rich administration will never do anything which might curb the outrageous profits their buddies are reaping today.

Why haven't some of these record profits been invested in more refineries, ask yourselves that. Ask for an accounting of how many wells have been capped and why. We don't need the oil under ANWR, we need to regulate and hold responsible an industry that provides a necessity for this countriy's infrastructure. Who do they owe their allegiance to?

 

I read something recently, about oil in Montana, the Governor (of Montana) says its there, but the speculators are waiting for fuel prices to peak so the fields will have maximum value

 

well the prob is gas companies made record profits last year. but they all traded on wall street. to be considered a viable stock on wall street, u need to increase your profits by a certain % every quarter, not just stay profitable. so expect this to continue until the bubble bursts, then hope there is a bread line within walking distance to your home.

 

Sure it will. Say it enough times and you'll eventually believe it. And when that happens most people will be out of work and on the streets, and they won't be able to afford it anyway.

 

Just like the folly of utility deregulation in California, it's all about top price, and nothing to do with supply or demand in the usual sense of the word. When those providing a necessary comodity to the community wth current resources are charging 1.00 per unit, but if they can artificially create a scaricity they can up their price to 5.00 what do you think they are going to do? Cap their production and whine that demand outpaces supply.

And today antitrust and monoply law is thing of the past, everyone is in bed with everyone else. Deregulation only leads to one thing when it comes to basic infrastructure, the rape and pillage of the working consumer to the amusement of the backroom high rollers.

 

We are constantly given the reason of China for the rise in price. China the number of private vehicles in China now stands at 12 million, and a total of the US has 247,421,120 registered passenger vehicles in the United States according to a 2005 DOT study.

http://www.china-ready.com/news/Aug2004/PrivateVehiclesinChinaNow12Million082304.htm

Why is it our government is leading us to believe that China is responsible for the high price of fuel? What would their motives be?

And as the demand in the US oil consumption only increased .34% from 2007, but price increased 193% I find it hard to defend market driven economics when it comes to utilities.

http://www.indexmundi.com/united_states/oil_consumption.html
http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html

Remember this:

 

Let's assume for the sake of argument that BP is controlled by the british royal family, Shell is controlled by shredder, and that exxon/mobil is nothing but a front group for the blood stained glove from the OJ trial.

So what?

How does this state of events being true explain fluctuations in oil prices? If these shadowy forces can manipulate prices with such facility why are they rising only now? Why do oil prices go up and down? Is it a reflection of the desire to rape and pillage going up and down?

PressedRat has read several text books on economics, but only between the lines.