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Who do you blame for high gas prices?

  • Bush & Company

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  • Oil Companies

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  • American people

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  • The Dem's

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  • Limited supply

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  • Global competition for gasoline

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Just wondering if anyone else is wondering if the future of owning or better yet, operating a boat/motorhome/camper/truck for recreation is going to be too expensive for the middle class?
 
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If you keep your priorities straight you may be able to still use the above mentioned. It has been a downhill slide. Now with gas at or near $3.00 it's going to put a cramp on a lot of people. Me included.
 

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Rising gas prices irritate me. I see it as knee jerk reactions to political and economical fluctuations overseas mostly..and also an occasional natural disaster in our oil producing regions here in the states. Now whenever something happens that might impact oil prices the first thing they do is crank up the gas prices and say its neccessary to compensate for the rising costs in oil per barrel, production, shortages, ect ect. Right. It all revolves around greed. if it didnt the oil companies would takes at least as small monetary decrease in thier annual gross income, but instead they seem to have increases....such as Exon's 7% overall increase this year...thats ridiculous. this nation runs on fossil fuels. until its completely converted over to alternate fuel sources we are at the hands of the oil companies and however much they want to charge us for gas.

Granted theres alot of the big picture i dont see. im only speaking with a limited knowledge base on the subject. BUT--- if there is a shortage...due to people not selling to us or whatever... i will tell you that if it takes a war to keep us in fossil fuel, im all for it. heck... a war for oil would make more sense to me than any others i have seen in my life.

without gas this country will fall apart, so something needs to be done...3 bucks a gallon is going to break a lot of people. ...plus it is starting to put a damper on my fishing trips, that unacceptable....
 

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In my bias opinion, Bush and Company is oil, their family oil, their family - oil investments, all their cronies - oil contractors like Haliburton.... a little bit scary, and I'm all about natural resources.
 

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On the surface I think it's bush and co and the oil companies. The deeper problem is the american people and their attitudes towards oil. Humans are notoriously short sighted and I don't think anyone really believes that oil resources are finite and limited.

My gut reaction to high oil prices is to say 'bring it on' and get gas prices high enough to get all these rediculous (sp?) SUVs and gas guzzling cars off the road. Americans have used such a large portion of the resources for so long that I think it's time for some moderation.

Hybrid cars are better but they are merely a stopgap until a fossil free vehicle is cost effective. A lot of resistance to changing fuel sources in cars is from manufaturers themselves. They have too much to lose ($$$) and unfortunately they also have expensive lobbies in DC.

Cars are one thing but high oil prices to heat homes are another. while people can (and should ) find alternate sources for transportation, it can be hard to find alternate sources of heat and power. I personally have a big problem with high natural gas prices...cars a a bit of a luxury and we can live without them but when oil companies jack up prices of natural gas, it hurts people.

I don't know what the solution is but more people need to start demanding change and quit being apathetic and accepting the status quo.
 

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A major reason for high gas prices is due to environmentalists and the insane restrictions that they have placed upon oil drilling and refinery operations in the U.S. They have actually tied the hands of oil companies to extract our own oil and refine it. So when we have to depend so much on foreign oil it was bound to happen. No conspiracy theories. Just basic economics.
 

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OURAY said:
  A major reason for high gas prices is due to environmentalists and the insane restrictions that they have placed upon oil drilling and refinery operations in the U.S. They have actually tied the hands of oil companies to extract our own oil and refine it. So when we have to depend so much on foreign oil it was bound to happen. No conspiracy theories. Just basic economics.
So you think that the answer is to drill for oil in fairly pristine wild areas and risk a spill and screw it all up? Or should we just get off oil all together.

I'm with the envorionmentalists. The oil is in the ground for a reason, lets leave it there and not screw up the world by taking it out. all it does is pollute the air when it's burnt or spill all over the place and ruin everything it touches when it's spilled.

I'd rather try and figure out a better way to get from a to b.
 

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Gold  has come from $300 to over $650 in the past three years.  Silver has done a nice run up to $13.80 from under $7.00.
 What I'm trying to say is the dollar is worth less.  Oil cost more due to the lack of value of the dollar.
  There is much more demand for oil then in the past.
  When the Chinese ruler goes to Saudi Arabia to cut a deal for oil and then goes to Africa for a deal in oil, this means there is less oil to buy and the dollar is worth less.
   If Bush keeps printing dollars, they end up being worth less.
   We end up paying  more dollars for oil.  
   If you want cheap oil, the world needs to cut back on the demand and the dollar needs more value.
 

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The oil companies made money this quarter.  They made money the 4th quarter of 2005.  It's actually the first time they've made money in 15 years!
thats kinda hard to swallow, do you have some supporting links?

and as to the mention of hybrid cars, right now they are a joke they dont get much better millage then similarly sized gassers. and they cost way more both in $ and enviromental resorces
 
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Discussion Starter #10
RK, I deleted my original post because after second thoughts, I don't think this is an appropriate forum to discuss this stuff. Despite that, here's some links that may give a different perspective - without my opinion, just as an FYI...

http://zfacts.com/p/35.html
http://www.taxhistory.org/thp/readings.nsf/cf7c9c870b600b9585256df80075b9dd/edf8de04e58e4b14852570ba0048848b?OpenDocument
http://www.conocophillips.com/newsroom/other_resources/energyanswers/oil_profits.htm
http://blogs.washingtonpost.com/thedebate/2006/04/oilprofitsfacts.html

earplug: it may help you to know that our currency hasn't been on the gold standard since the 1970's. The price of oil has nothing to do with the U.S. Dollar or the price of gold.

Take Ken's advice. Another book that may help is "Culture and Imperialism" by Eduard Said.
 

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farmer ted said:
OURAY said:
A major reason for high gas prices is due to environmentalists and the insane restrictions that they have placed upon oil drilling and refinery operations in the U.S. They have actually tied the hands of oil companies to extract our own oil and refine it. So when we have to depend so much on foreign oil it was bound to happen. No conspiracy theories. Just basic economics.
So you think that the answer is to drill for oil in fairly pristine wild areas and risk a spill and screw it all up? Or should we just get off oil all together.

I'm with the envorionmentalists. The oil is in the ground for a reason, lets leave it there and not screw up the world by taking it out. all it does is pollute the air when it's burnt or spill all over the place and ruin everything it touches when it's spilled.

I'd rather try and figure out a better way to get from a to b.
I am saying if we are not allowed to play on the same field as the rest of the world we should expect to pay high gas prices. Remember the environmentalist have only affected what we can or cannot do. China, Russia and the rest of the world don't abide by their rules. China is about to drill in the Gulf of Mexico. Do you think they are going to be concerned about the environment or what happens if they have a spill? Not a bit. They know that we will be the ones to clean it up by the time they get around to it. I really don’t want further drilling in our wilderness areas but we either increase drilling operations off of Florida, the Pacific coast and Alaska to try to lessen our dependence on foreign oil or continue to be held hostage by third world countries.

It is no secret that the environmentalist movement has harbored socialists and communists and others who hate this country and their agenda is becoming a reality. If you don’t believe this follow the money.

http://www.freerepublic.com/focus/news/717229/posts
 
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Discussion Starter #12
"Confessions of an Economic Hitman" by John Perkins.

I think the typical economics of supply and demand certainly exist in the petroleum industry, but there is also compelling evidence of price gouging. A barrel of crude produces all kinds of things other than gasoline. When the price of crude increases, common sense will tell you that all the various products made from crude will increase also. Why when crude prices increase, everythiing made from it increases (x)% but gasoline/diesel increases (x)% plus an additional increase? I don't buy the r.& d. argument or the exploration costs argument as these things are commonly financed over many years. Why haven't there been any major refineries built since the 70's? Is it because simple of supply and demand, keep supply tight=increase price?

It isn't a crime to make a profit in America, but price fixing is. Bush is going to look into this problem. I say that's the fox guarding the hen house. Find an alternative energy source, too late for my generation. Americans are like heroin junkies when it comes to oil, we can't stop (I'm guilty).
 
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laker taker said:
Why haven't there been any major refineries built since the 70's? Is it because simple of supply and demand, keep supply tight=increase price?
I work with a lot of ex-oil & gas folks that worked in the industry before the bust. Also worked as a consultant to a lot of oil & gas clients (helped implement the current accounting system at Shell Oil and consulted with Equilon among other places).

The simple answer to your question is that we've put too many road blocks and barriers in place to be able to open a major refinery in the US. No different than the Climax Mine in Leadville ceasing operations - it's cheaper to do it elsewhere. It'll come around...the Climax will be operating again in 2007. New refineries will come back around - give it time.
 

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It is no secret that the environmentalist movement has harbored socialists and communists and others who hate this country and their agenda is becoming a reality. If you don’t believe this follow the money.

http://www.freerepublic.com/focus/news/717229/posts
This is insanity.   Socialism and Communism have nothing to do with loving or hating a country.

Don't believe everything you read on the internet.

I'm through with this topic.
 

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While rising gas prices suck..I thank (put your deity here) that we dont have the prices that England has to pay. I have a feeling we will be there soon though.

As far at the environmentalist question is concerned, I cannot see any person who wants the air I breath and the water my children drink to be clean as an enemy.
I once again agree with Farmer Ted.....higher prices can push us to find other means...soon it will be too painful to pay at the pump and those ugly hybirds will start to look pretty nice. Pretty soon...the sight of a singel driver parking his/her monser duely 1 ton chrome covered vanity truck in two parking spaces at the local King Soopers to buy some milk and cereal will soon be a distant memory...
Pondfisher
 

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Gas companies showed an $8.4 Billion profit in the first quarter alone. Its no wonder they want to raise prices some more. Who could live on a small profit like that?
 

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Fishinwithlund said:
Gas companies showed an $8.4 Billion profit in the first quarter alone. Its no wonder they want to raise prices some more. Who could live on a small profit like that?
8.4 Billion whered you get that?

Lets look at the Profits for 2005.
Code:
Top companies
Most Profitable Companies: Profits
Rank 	 Company 	 500 revenues ($ millions)

1 	Exxon Mobil 	 	       36,130.0
2 	Citigroup 	 	        24,589.0
3 	Bank of America Corp.  	16,465.0
4 	General Electric 	 	   16,353.0
5 	Chevron 	 	        14,099.0
6 	ConocoPhillips 	 	       13,529.0
7 	Microsoft 	 	        12,254.0
8 	Wal-Mart Stores 	 	  11,231.0
9 	American Intl. Group 	 	 10,477.0
10 	Altria Group 	 	       10,435.0
11 	Johnson & Johnson 	    10,411.0
12 	Intel 	 	              8,664.0
13 	Berkshire Hathaway 	 	8,528.0
14 	J.P. Morgan Chase & Co.    8,483.0
15 	Pfizer 	 	              8,085.0
16 	Intl. Business Machines 	7,934.0
17 	Wells Fargo 	  	        7,671.0
18 	Verizon Communications 	   7,397.0
19 	Procter & Gamble 	 	  7,257.0
20 	Wachovia Corp. 		      6,643.0
http://money.cnn.com/magazines/fortune/fortune500/performers/companies/profits/index.html

Between Exxon, Chevron, and Conoco you have 63.758 Billion dollars in revenue. Tell me they arent Price gauging... Ontop that the price of oil dropped 10$/per barrel on Thursday the President said he was going to look into price gauging. What happens? Price went up 4-5 cents. GRRRRRRRR
 
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The simple answer to your question is that we've put too many road blocks and barriers in place to be able to open a major refinery in the US.
Perhaps, but I wonder how hard the oil industry lobby pushes for more capacity. I happen to know a thing or two about politics/lobbying/law, part of my line of work, and I don't see a real big push for more refining capacity. I do agree with you that as gas prices go up, the public will be more willing to make sacrifices. All sorts of sacrifices.

I do know one thing, I can't pull my boat with a Geo Metro so if fuel prices continue upwards it may put a damper on my fishing. Wait a second, who am I kidding,,,,,,, the wife is going to have to make some sacrifices!!! LOL
 

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im working on a canoe carrier for my ford focus right now!
 
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