Response to Comments
- Guest Steveo - you write that solar and wind power are free. I would bet, not my paycheck but my LIFE that if the use of wind or solar in individual homes started to reach 50% verses coal, electric, etc., Uncle Same & your guv'na would be at your wallet w/ some type of tax or fee in a New York second AND they Gov'mnt subsidize poor oil companies as with farming & "green" businesses. Go ahead & build me a car that works using those "fuels." I'm not stopping you. Must last 300 miles per tankful unlike silly hybrids. Second: what really gets me is that each dollar I earn buys so little now and it all started with rising gas prices in 2004? 2005? (remember Russia coming to Japan's aid? That was the warning of a new era in oil's importance because Russia and Japan are NOT friends.). People: the horse is out of the barn and down the road and into the next county! Oil rules and will for at least another two or three centuries. We are enslaved. Drive less, stay home and enjoy eachother.
- —Guest Gibbers
- The price of gas hurts my family everyday. My husband has to drive about 40 minutes to work everyday. He is also a truckdriver so no raise will be forthcoming. Wall Street is to blame for most of our problems with the price of gas as has been the price for all major commodities. We also could help the price of the barrel fall by stop exporting all the products the Middle East need to survive like grains and everyday products. Hurt them where they hurt us, in the pocketbook. When the paychecks of the middleclass does not rise to adjust with the cost of living, the United States is going to continue to fall. The wealthy is not concerned as they have their funds and businesses and can continue to live comfortably. Actors and Actresses jump on the band wagon to help other countries in need, but when have you seen them complaining about the rising price of gas or the problems facing their own country. Shame on them!
- —Guest Eyes Open
- Gas here in Jefferson Ohio just reached 3.99 a gal. It was 3.89 yesterday.We send millions of our tax money n aid to countries who would like to see us dead. Why? Politics! We need to stop helping the world and start helping our own. Start off shore drilling and start tapping into our own natural resources -Alaska,Oklahoma,Texas to name a few. Also we need to start electing people who believe in Jesus Christ, the Bible, and the American way of life. And put this country back into the hands of the people, not power hungry, greedy politicians What ever happened to "We the people" and our great republic where states rights trumped government interference. I think the good Lord is trying to get our attention. I close with II Chron. 7:14 "If my people,who are called by my name, will humble themselves and pray, and seek My face, and TURN from their wicked ways,(like greed and selfish pleasures) then I will hear from Heaven, forgive their sin, and will heal their land. "
- —Guest terry wolcott
- If the whole article is considered it seems to be clearly a matter of investors wanting to profit off hedge funds and little to do with the actual cost of oil. Like with real estate. The values were exaggerated. Consumers taken advantage of and left holding the bag(debt) while traders got rich. Same idea with guessing and selling futures on the price of oil. Whats next.? Oxygen? You have to pay or your screwed.
- —Guest Lisa
Blaming consumers is not the answer
- Telling Americans who are stuck in homes we cannot sell, to move to closer to a job that might not be there in a couple of months shows a political slant. The bigger picture is how our consumer goods get to stores and prices go up as well driving up prices for EVERYTHING when our earning power is already reduced! Let me telecommute, that will save gas....Hire me permanently that will too. But the American driver in relationship to OPEC's behavior in rising the price of crude? Very narrow minded! OPEC wishes to punish the west and force IT'S political motives on the west, SO WHY BLAME THE U.S. or a tiny country like Israel? OPEC nations hate the US and Israel so they are to blame? What about rising global demand for oil (CHINA)? All you can say is the average American grunt trying to get to work is to blame and and it's the fact that the US and Israel want to stop crazy Iran form getting nukes are to blame. WAKE UP!
- —Guest Evan
remedy to high gasoline prices
- The U.S. government and state governments should get into oil/gasoline business, build its refineries, and sell gasoline for consumers, essentially eliminating all those taxes. The governmenets would still profit generously from selling the product directly to consumer.
- —Guest fishfinder
Try living in Britain
- Gas or petrol as we call it here is £1.38 a litre. There are 3.78 litres in a gallon, and £1 is $1.56, so our gas is $8.20 a gallon! But it is a smaller country, home to work is usually under 10 miles.
- —Guest David Atherton
What about our Oil here in America!!
- We have our own oil, get off your duffs and let us use it!!!!!!!!
- —Guest KCherry
is there a remedy?
- the high prices of fuel may affect those poor consumers like drivers. so the government must have to take action or make an alternative to ease the pain that the poor driver's feel.
- —Guest dennis
The reason for high prices?
- I can't help but notice that pricing moves in unequal bounces. When a barrel goes up $1.00 or so, you will see prices rise by a ten to fifteen cents or so. When the price of a barrel drops by $2.00, pump prices drop by a nickle or so. I don't believe the total definition given in this article, or the price movements would be more balanced. If you haven't noticed the profits of the oil companies have been through the roof. The last few years their average profits in one year is higher than the five years from just a few years back. The high pricing has a lot to do with what's mentioned in the article, but the greed of the oil companies is what has been pushing the prices higher and higher. Why is it that oil prices at the well effects pricing at the pump, instantly. That gas has already been paid for, how can prices at the well effect the price at the pump. Only greed can explain that. I hate government controls, but maybe the gas companies need to have some controls on them
- —Guest TheHeights
Once Again, Manipulation!
- The oil company regularly scan the news headlines for ANY apparent threat within or to the oil producing countries in the middle east, and when something sparks (like Iran)--up go the prices. Larger increases than we would normally see about this time of year. It's all manipulation, folks. The one thing that concerns me the most about the increases in the price of gas is the effect it will have on the economy. We technically meet the definition of being in economic recovery, however feeble that it might be. The increase in gas prices MIGHT push us backwards. We'll see!
Think About IT 1
- From my buddy PRB (something to think--and maybe make noise--about): "It seems to me that every time that I sit down at dinner, O'Reilly is ranting about the evil "oil companies" exporting crude oil into the world market, driving up the price of gasoline. Even recognizing that O'Reilly isn't all that bright, I don't understand why this issue is so hard for him, and others, to figure out. "There is a growing disassociation between the price of oil and the price of gasoline. The price of crude oil is a function of supply and demand in a WORLD market, and the price of gasoline is a function of supply and demand in a NORTH AMERICAN market. The "oil companies" are exporting crude oil, in part because we have insufficient refining capacity and they can't do anything else with the oil. I don't think that there has been a refinery built in the United States since 1976 (though some have been expanded since then), and we have actually shut down some refineries because it was not economically
- —Guest Fred
JUST PLAIN GREED
- This whole gas thing is really impacting a lot of Americans like myself. Like lots of other Americans, I drive only when I need to, combine errands I need to do in a single trip. Gasoline usuage in the USA I've heard is at a 10 year low, the barrel price is about what is was when we first broke 3.30 and still lower from when we first broke 4.00. We're talking about an industry that use to report net earnings in the millions. A very respectable net I should think. That industry now has reported net earnings in the billions. There was a time when our goverment did do things to keep the price of fuel affordable but I guess those days are gone. Lets face facts, our goverment has just gotten out of control, the dificit has gotten very alarming to most. So what does our government need these days more than ever, taxes. They don't want to raise taxes and tick off the people but hey if a corporation makes more profit thats more taxes for Uncle Sam.
- I have often believed it was wall street speculators that drive the price up vs actual supply and demand. We need to duct tape their mouths shut and see how well we do after 6 months
- —Guest Brian
Drill baby Drill!
- I will bet you a million bucks that if we allow big oil to "drill-baby-drill" in the USA, and off shore, the price of gas will not go down and will continue to go up, that is what commodities that are traded on the stock market do when there is demand. Right now big oil is saying "At current price levels for oil, they can make a nice profit drilling for oil right here, in your back yard". If we took all the money that is spent in the oil industry, and put it all into Solar (the FREE energy source that will never be depleted and the cost of production will never go up, and if it ever is depleted, we won't have to worry about this anymore anyway), Natural Gas (a DEPLETABLE energy source and the cost of production will continue to rise), Coal (another DEPLETABLE energy source and the cost of production will continue to rise) and wind (another FREE energy source that will never be depleted and the production cost will never go up) we will have a much brighter and more secure future for
- —Guest Steveo