WTF oil prices

[spc]

The fact still is it's not about profits. its about these oil companys sticking in to the working class man. plan and simple they know we need oil and until it gets so out of control that people just don't buy gas cause they cant budget it its going to continue.

Yeah dude,  Osama and his cronies are sitting in their secret oil-cave plotting and instead of another terrorist attack they decided they'd just drive the price of oil up to f%$k the little man over.........uh-huh.

ajax:  can Canada supply the gross amount of oil we consume??  Right now??  No, OPEC essentially has a monopoly, and there's no international law against that.
In contrast, in the past when we've sold weapons to other countries, do you think they paid 'fair market value'.  No they paid an ungodly amount, something in the range of 3x actual value because we could supply the weapons and we could do it right that minute.

[ajaxgs]

The fact still is it's not about profits. its about these oil companys sticking in to the working class man. plan and simple they know we need oil and until it gets so out of control that people just don't buy gas cause they cant budget it its going to continue.

Yeah dude,  Osama and his cronies are sitting in their secret oil-cave plotting and instead of another terrorist attack they decided they'd just drive the price of oil up to f%$k the little man over.........uh-huh.

ajax:  can Canada supply the gross amount of oil we consume??  Right now??  No, OPEC essentially has a monopoly, and there's no international law against that.
In contrast, in the past when we've sold weapons to other countries, do you think they paid 'fair market value'.  No they paid an ungodly amount, something in the range of 3x actual value because we could supply the weapons and we could do it right that minute.

[guitarking135]

I just think its funny because america thinks that the terrorist are stupid. Think about it we are spending Billions of dollars trying to find them Gas is sky rocketing and the american economy is going down the drain. Does any one else think that maybe they planed it this way. I mean think about it what buildings did they hit first. the world trade center. Coincidence I think not lol

[dchrist]

see, we're still missing the point. oil companies aren't sticking it to the working man. they aren't sticking it to anyone. they have NO control over how much gas costs. even if they wanted to lower the price of gas they could not do it by more than a few cents without taking huge losses. OPEC sets the price of gas by colluding on oil supply levels. Collusion is also very much against free market capitalistic principals so its not capitalism to blame either. Neither is Osama Bin Laden a voice in OPEC. OPEC is not comprised of terrorists (although a few on the list are suspect *Cough* Iran *Cough*). OPEC is Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Lybia, Nigeria, Qatar, Saudi Arabia, United Arab Emerits and Venezuela. All sovereign nations.

Canada is our largest importer but by enough to outweigh the price paid per barrel from OPEC. its hard to nail down recent numbers but in 2005 daily consumption of oil in the US was 20 million barrels.

Here are some more recent breakdowns of imported oil sources.

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html

as you can see, its not like we get 90% of our imported oil from Canada. so they have little control over the price at the pump and they give us as much oil as they can on the cheap. its just not nearly enough to quench our thirst.

also, know that percentages of oil company profits are reinvested in research and development of alternative fuel sources as well as fuel efficiency technologies. I'll grant you that not as much is reinvested as could be but still a lot is.

d

[Ronin]

The Fourth Reich is well under way.We are being driven in a way that has been pre planed for a long time.WW3 will be the result...

I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.
- Albert Einstein

Ronin, if you really believe what you post, you should be very afraid.  Old Al is very, very rarely wrong.

Well,I do belive it... And I know in whom I have belived.Afraid?..no. Prepared yes. I bought my bike about two years ago because I knew what was happening.We are about to have the carpet pulled out from under our feet.

[ajaxgs]

see, we're still missing the point. oil companies aren't sticking it to the working man. they aren't sticking it to anyone. they have NO control over how much gas costs. even if they wanted to lower the price of gas they could not do it by more than a few cents without taking huge losses. OPEC sets the price of gas by colluding on oil supply levels. Collusion is also very much against free market capitalistic principals so its not capitalism to blame either. Neither is Osama Bin Laden a voice in OPEC. OPEC is not comprised of terrorists (although a few on the list are suspect *Cough* Iran *Cough*). OPEC is Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Lybia, Nigeria, Qatar, Saudi Arabia, United Arab Emerits and Venezuela. All sovereign nations.

Canada is our largest importer but by enough to outweigh the price paid per barrel from OPEC. its hard to nail down recent numbers but in 2005 daily consumption of oil in the US was 20 million barrels.

Here are some more recent breakdowns of imported oil sources.

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html

as you can see, its not like we get 90% of our imported oil from Canada. so they have little control over the price at the pump and they give us as much oil as they can on the cheap. its just not nearly enough to quench our thirst.

also, know that percentages of oil company profits are reinvested in research and development of alternative fuel sources as well as fuel efficiency technologies. I'll grant you that not as much is reinvested as could be but still a lot is.

d

interesting figures in that chart   only 2 really friendly countrys ....thanks D..........
my whole reason for the rant here is to make people from all over the world here on the GS board look up and maybe question what our leaders are doing and to open a discusion
to what and why OIL is spiking ..... to me people don't question things like we use to , spend too much time on crack berrys , family time and work

thanx for the discusion