Gas Prices!

[BoomerShooter]

This is the time I leave selling fleet management cards - gas jumps up and people (companies) start really watching their fuel spending more = more sales for me :-D

 

[DPI]

Three things are having a direct impact on gasoline prices. The gasoline reserves were reported down, ie, not enough is being produced (no new refineries), the deep water drilling moratorium (more driving the speculative market) and the falling value of the dollar.

Plain and simple.

 

[M3-G]

This is such BS. Oil is a commodity and is traded on a global marketplace. Most of the world's oil is controlled by non-western state owned entities. The western oil companies have no more control of the price of oil than a farmer has on the price of wheat.

Do you know what it takes to get a gallon of gas in your tank. Companies must first spend billions of dollars on research and exploration to find the oil. It then has to be drilled out of the earth, often miles and miles below the surface. Most often in God-forsaken corners of the earth. It must be transported at great cost (big ships and pipeline systems are not cheap) thousands of miles to a refinery - again not cheap to build and operate. Once it has been refined it must be again transported to the consumer, on nearly every street corner for your convenience. All of this, and it is still cheaper than bottled tap water.

Well said... We need big oil to throw billions into research and deepwater exploration. Big risk can lead to big profits. We can't depend on the middle east to supply us forever, their reserves are on the decline. This hasn't been into the mainstream media but its true. They could be running out faster than anyone predicted.

 

[MaddSkillz]

Crude prices are targeted for $150 - $200 per barrel

The fact that prices started rising as they have since this projection was made further forces me to believe the Crude market (as most all other markets) is highly manipulated for the personal gain of a few.

 

[buckeye]

The folks over in Dubai and whatnot decided they don't have enough gold-plated Mercedes, so they set a "reasonable price goal" of $100 / barrel. Then we subsidize a bunch of empty apartment buildings over there.

And gold plated cars.

DPI really hits it on the head.

edit: Alex Jones? Really?

 

[WhiteyMacD]

Crude prices are targeted for $150 - $200 per barrel

The fact that prices started rising as they have since this projection was made further forces me to believe the Crude market (as most all other markets) is highly manipulated for the personal gain of a few.

The folks over in Dubai and whatnot decided they don't have enough gold-plated Mercedes, so they set a "reasonable price goal" of $100 / barrel. Then we subsidize a bunch of empty apartment buildings over there.

And gold plated cars.

DPI really hits it on the head.

edit: Alex Jones? Really?

All this goes hand in hand with Pre-1970, crude = $3/barrel. OPEC is formed, crude quadruples, and quadruples....

 

[MaddSkillz]

edit: Alex Jones? Really?

No, it's Lindsey Williams.

 

[buckeye]

I should've been more specific. Finding a spot on the Alex Jones website does nothing good for anybody's credibility.

 

[doctorjj]

IMO, the cause for the recent rise in oil and gas prices is primarily due to the erosion of the value of the dollar, which is a process that is likely to continue, and to a commodity bubble due to speculative spending spree by big players in the market who have been heavily funded by "free" loans from the Fed. It's not just the price of gas and oil that is up. There is no way the earth is suddenly and simultaneously short of oil, gas, corn, soybeans, cows, hogs, aluminum, copper, silver, gold, palladium, platinum, sugar, etc, etc.

 

[DPI]

Based on my calculations the average logarithmic effective oil price adjusted for inflation, oil prices have effectively increased 150% since 1946 through partial year 2010.

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