There’s too much oil in the world to justify the current high market prices. I’ve heard there are tankers all over the world that are loaded up to the gills with oil. They have so much oil they don’t know what to do with it. It’s ridiculous what’s going on with OPEC and all of that.
I blame the major oil producing countries for the current recession and I think the large oil companies are doing a major number on everyone. The price of oil has dropped recently, but it should drop a lot more. The price of oil should be no more than $50 or $60 a barrel or perhaps even lower.
There are a lot of problems with the world’s economy, but oil is what is killing it. I think it’s time people became aware of what’s going on. It’s affecting all of us and in ways that aren’t great. Heating costs will eat away at everyone’s pockets this winter and that’s just the tip of the iceberg. This situation could and should have been avoided. I think it’s time we all started paying attention to what is really going on.
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17 Comments
We won the battles, but lost the war in economic Trade.
Oil prices are high due to a few factors:
1) Political influence
2) The cost of searching and finding new oil ballons in the ground (its like gambling in the casino)
3) The huge dependence of the worlds economy on oil prices
4) The attitude of oil companies worldwide
These can be reduced by reducing the dependance on oil within the economy. This would mean finding alternate fuel to replace oil.
Regards,
Prince Dudley
Systems Engineer
Maybe Sara Palin with her insider information and fresh attitude towards politics can bring legitimate change. WE HAVE HOPE. We should do what President Lincoln did, green backs, pay off the national debt live within our means, lean down our government, give people the deeds to the land they live on. America isn't free that is obvious with the amount of debt each citizen carries, whether it be for over priced auto's or homes we are all indebt and to whom? The federal reserve is a small panel of ethnic men that run our monetary system, and they have allowed that to be based upon greed. This panel has infiltrated into all countries making all countries dependent upon their terms. We should be free from debt, not creating more, and now Fannie Mae and Freddie Mac are going to be controlled by our government and most likely the federal reserve at whose cost? US the ones that pay the bulk of taxes each year......
Once we figure out that Greed is one of the seven deadly sins and walk away from it we are all doomed to repeat history.
Oil is the main base of most manufacturing of the things we use today...i don't know if i'm right...i just took the guess. If you think about all the things we use in the world today and how much oil is in those things, as well as how much oil is used for making it, that's alot of oil, hey!!
i must say, alot of things we have, need, or regularly use in this world revolves around oil. We'd lose those simple and sometimes unnecessary(yet, in someway necessary) things if we did not have oil.
Oil does provide the ability to have the things of today, but i would much rather be worried about water than oil personally. I know that water is what our body is mostly contained of and our body relies on water to live. Oil is something my body or life does not depends on, so i wonder why the world worries about oil, when water could be a bigger concern.
Those are my thoughts, what do you think???
AMERICANS HAVE LET GO OF THEIR CONSTITUTIONAL RIGHTS; THEY ARE SO BUSY WORKING 2 TO 3 JOBS THAT THEY HATE TO PAY ATTENTION. THEY BELIEVED THAT WE THE PEOPLE AND FOR THE PEOPLE WAS STILL INTACT. WHEN IN FACT IT WENT OUT THE WINDOW LONG AGO. IM NOT GOING TO TO SAY MUCH HERE BECAUSE I DO INDEED HAVE SOME ACTION ANSWERS TO HELP AMERICANS TAKE CONTROL OF THEIR LIVES. BUT WITH MUCH LOVE FOR MY COUNTRY I WOULD SUGGEST TO START HERE.
1. REALIZE THAT ORGANIZED RELIGION CAN AND OFTEN IS BECOMMING CORRUPT. I KNOW PEOPLE ON THEIR DEATH BED PROUD TO DIE POOR. WHY? BECAUSE THE BIBLE SAYS, MONEY IS THE ROOT OF ALL EVIL. NO IT DOESN'T, THAT;S NOT WHAT THE BIBLE SAYS AT ALL. IT SAYS, THE LOVE .....THE LOVE ....THE LOVE OF MONEY IS THE ROOT OF ALL EVIL. THE PROBLEM , THE PUBLIC DID NOT BOTHER TO READ IT FOR THEMSELVES. NOW GO BACK TO TOO MUCH OIL, MR. TRUMPS TOPIC, AND READ IT AGAIN, HE IS REALLY SAYING TOO MUCH GREED FROM THE WORLD CORPORATE POWERS THAT BE.
AND IF YOUR NOT AWARE AND YOUR NOT PAYING ATTENTION, OTHERWISE GOOD PEOPLE WILL TAKE ADVANTAGE. THIS IS WHY WE HAVE A MILITARY SYSTEM TO KEEP PEACE NOT TO START WARS.
2. FIND OUT EVERYTHING YOU CAN ABOUT RALPH NADER. MAKE IT A FAMILY PROJECT. THIS MAN HAS DONE MORE FOR YOU THAN YOU MAY EVER KNOW. IF YOU THINK HE IS JUST A SPOILER, THAN YOU HAVE BEEN DUPED AGAIN. IF YOU THINK HE LOOKS LIKE A FOOL THAN CORPORATE AMERICA HAS SUCCEEDED IN TELLING YOU WHAT THEY WANT YOU TO BELIEVE, AND THEY ARE CONFIDENT THAT YOU ARE TOO LAZY TO CHECK IT FOR YOUR SELF.
3. LOOK PEOPLE TWO OF THE MOST POWERFUL MEN ARE AMONG US, DONALD TRUMP AND RALPH NADER, TAKE HEED, READ AND END CORPORATE GREED NOW. THESE TWO MEN CAN TEACH YOU HOW TO TAKE BACK CONTROL.
FROM TERESA LEE SKINNER AND I APPROVE THIS MESSAGE. lol. REMEMBER ALWAYS USE HUMOR FIRST WHEN POSSIBLE. PEOPLE WILL REMEMBER A FUNNY COMMERCIAL BEFORE THEY WILL REMEMBER A SEXY ONE, EVEN MEN. THAT'S RIGHT LADY's!
http://www.opec.org/home/Market%20Indicators/2008/pdf/MI052008.pdf
The idea that we can lower the prices of oil today if we only build up supply, is trading our present happiness for the future of our children. The faster we pump, the more we use, the sooner the day will come when only the few with the stockpiles and the money to buy will have these necessities of our modern life.
It appears that some of the 'big spending' that the Democrats want to promote, is to fund research and empower the infrastructure for the necessary shift to alternative power. One of the ways they are hoping to get that initiative going is to propose an "all of the above" energy policy. If Republicans wlll fund alternatives, then they will allow more off-shore drilling. It is a horrible trade-off. Florida has some of the most beautiful beaches in the country- if not the world. We are endangering a precious natural resource. But if it will persuade big business to start the shift that we need to preserve the future for our children, it may be a risk that is necessary. However, I would prefer if we lived in a world where people would work for our future without endangering our present environment.
We live n a time where if we do not start planning for the future- there won't be one. That is why we need to use all our God-given abilities to solve these problems in a single generation. We have what we need- we just have to start caring and start working for our future. We need to stop worrying about the price of gas today and start worrying about transportation and electricity for our children's generation.
Our founding fathers were very smart men.
Why don't they rule the world by thinking about the poor and vulnerable?
Blaming the large suppliers of oil and the politicians is not going to change our habits. We are a spoiled country that demands everything available and only complain when it affects our individual wallets.
Collectively we created the demand. Collectively we need to change our habits.
WHAT ARE WE, AVERAGE AMERICANS TO DO, AND HOW WILL THIS AFFECT US?
JILLIAN HOLMQUIST
If we really want to see the prices come down, we need to decrease demand. That can be done by finding alternative oils to substitute in products, developing alternative fuels such as alcohol, soy based, etc., and other power sources such as solar, wind, water, and electric. Also, we need to use the technology to increase auto efficiency. I had a car that got 55 mi per gallon on the open road, and our auto companies are proud of 28 miles to the gallon? It appears to me, demand is being manipulated too.