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The Price Of Oil - Page 35

Well, today as we drove in to Anchorage for our grandson's blessing/christening I noticed that gas prices have dropped 3 cents since Friday. The prices were posted at $4.36 today. I have to fill up tomorrow, who knows maybe it will drop a penny or two more. It would be nice if prices could get back down below the $4 mark. I don't see them ever getting much lower than that. But you never can tell.

Oil Price The

Vincenzo...

Boss... you are very right when you say that speculators are the ones who are actually making the prices go up..but having said that..they can speculate only when there is something in the air...

You see there can't be smoke without fire..I still believe war clouds are in the air..

I so badly wish I'm wrong coz its gonna make the economies walk like a snail...

but you never know these politicians, but yes its more due to speculation than anything else..


Darkscribe...


Dude... I'm not an US basher... in fact on the contrary I like US...but you cant deny the facts either... History is the biggest proof for that... US has made some really bad decisions which have had a major impact on the world.

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The Price Of Oil History & Civil Business Politics

Between the speculators and everything else all I can really say is I hope that oil continues to fall. I just also hope that more is invested into alternate fuels so we can finally let go of our addiction to oil.

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Page 35 Oil Price The

That is the really interesting thing about mass speculation. When it happens, it creates its own reality. They speculate because they believe there is a shortage on the horizon and the price will go up. You can call that the fear factor. If there is mass speculation, they create the shortage because it is difficult to guarantee all those contracts that really arent needed or wanted. Again, they have no intention on using the oil...they just want to profit from its market.

We all talk about how China and India are becoming oil importers now and that their demand is causing a rise in the price. This is true, but the price increase now does not reflect the demand now nor the demand in the immediate future (as that is why we bet on the futures market). Now here is the best part. The demand created by speculators is like putting another new country into the equation. Let's call that country Speculstan. Well, Speculstan is demaning a LOT of oil. Later, Speculstan is going to dump that oil on the market at some point because they never really needed the oil, but their demand will raise the price considerably because there is a real fear that there is not enough oil pumping capability current to satisfy all of Speculstan's demands.

Institutional investing makes common stocks move 5% in a day and commodities can historically be far more volitale. The company I work for is heavily influenced by institutional investing as they hold the majority of all the stock in the company and when they move it our stock shifts 5% in a day.

The US has been at war for years now and it hasnt helped the economy. The US cannot afford another war as we have to finish up the ones we are already committed too (Afghanistan and Iraq). Should there be another war, the UN will have to spearhead it, because the US cannot and will not because we are too busy saving our own broken banking/mortgage lending system.

Oil Price The

I am happy. My gas prices fell to below $ 3.70 a gallon. Right now we are sitting at $3.669 a gallon. That is the cheapest I can remember it being since back in April I think. I hope it keeps falling. I know crude oil prices are around $118 a barrel. I would like to see that drop to around $100 a barrel or below. I doubt it will happen but I can still hope.

The Price Of Oil

I have said it before, (how many times?) and I'll say it one more time. The price of anything (excluding government medling) has always and always will depend on the age old law of supply and demand. Look back and you will see the price of oil started to rise about two months before school let out in the United States. When school lets out those that can travel and use gasoline, diesel, or JetA. That's called HIGH DEMAND! Then about the 1st day of August most people that had the money to travel are returning home. They stop using so much gasoline, diesel, and JetA. That's called LOW DEMAND Demand is highest in the vacation states of California, New York, and Florida, so the price is highest in California, New York, and Florida. Remember one very simple rule, "Watch the Calendar" if you want to know when the price will go up again. Schools out! HIGH DEMAND-HIGH PRICE. Kids back in school. LOW DEMAND-LOW PRICE. Don't believe me? Watch the calendar next April and May as you watch the price rise again. But you are right about one thing. Big oil just did it to you one more time!

Edited: mousetrails on 7th Aug, 2008 - 11:56pm

The Price Oil - Page 35

It's a shame oil prices are raising this quickly. But in the long term, there is really no other foreseeable option, as our reserves inevitably drop. But then again, do we really need oil, or is that just what the media are telling us? Sure we need energy, but nuclear power has had the potential to solve the energy crisis for at least 3 decades now. I think that's something worth thinking about.

The Price Oil Politics Business Civil & History - Page 35

While nuclear fission is a great source of power you have a radioactive waste as a output. There is going to be a lot that needs storage somewhere for a lot of years. I think we are close to getting nuclear fusion going. If we get that going and it is subtainable we can have endless power that does not create a hazardous waste.

It is my opinion that Oil is a energy source that is or should be rapidly being replaced with other technologies. To keep us dependant on oil it is just going to cost us more in the future.

You are right in the fact that oil is going to get more expensive in the future as less and less oil becomes available for economies to function at peak levels. There is a great possibility of wars breaking out just to secure a source of oil for this country or that country.