$100 A Barrel Oil is on the Way

[theFallGuy]

It was Bush's fault. It is not Obama's fault.

The POTUS controls oil prices (under Bush). The POTUS has no control of oil prices (under Obama).

Any questions?

You basically summed it up pretty good there.

 

[Slydell]

As gas prices rise, should US oil industry stop exporting? - CSMonitor.com

I know. It's just the way of making outrageous profits off our backs. World market bring in more profits. Still doesn't sit well with me.

 

[Slydell]

It was Bush's fault. It is not Obama's fault.

The POTUS controls oil prices (under Bush). The POTUS has no control of oil prices (under Obama).

Any questions?

I was thinking more over the last 40-50 years and strayed from the original thought. Sorry.

 

[theFallGuy]

Here is a list of the 5 countries with the cheapest gas and not all of them are sitting on a ton of oil. I bet not one of these countries has an EPA or a large amount of regulatory policies that make it difficult for oil companies.

World's cheapest gas: Top 5 countries - Bahrain

 

[Scotty's Flat Top]

It was Bush's fault. It is not Obama's fault.

The POTUS controls oil prices (under Bush). The POTUS has no control of oil prices (under Obama).

Any questions?

Yes.

Link?

 

[milohimself]

Here is a list of the 5 countries with the cheapest gas and not all of them are sitting on a ton of oil. I bet not one of these countries has an EPA or a large amount of regulatory policies that make it difficult for oil companies.

World's cheapest gas: Top 5 countries - Bahrain

I did see a couple countries on that list that heavily subsidize the price of fuel, and I'd be willing to bet a us dollar goes a lot further in a place like turkmenistan or venezuela than it would in the us.

I'd be pretty confident in positing a hypothesis that epa regulations have about one percent at most to do with those price differences

 

[VolsNSkinsFan]

Rising Oil Prices Pose Global Risks, Burbank Says - Video - Bloomberg

"Oil wont stop going up until something breaks"

 

[tntornadox]

I am a liberal and never blamed Bush for gas prices, I realize this is a complex global issue... and I don't blame Obama either. I take the high road by reading into the topic and don't jump on the party rhetoric.

 

[davethevol]

I just meant that we need a little perspective here, is all.

At the moment, my hope is that regulators will step in and figure out a way to curb all the speculation in the markets that is artificially driving the price of oil up.


On the other hand, you could vote for one of the Republicans, all of whom, except for Paul, would increase Middle East tensions and maybe bomb Iran. That would surely help oil prices.

We are at some point going to get involved in Iran no matter which party is in office. The lobbyists from companies like Lockheed Martin that make money from wars will make sure of it, just as they have in the past.

 

[myrobbins7]

CNBC
BREAKING: Crude oil jumps over $110 in electronic trading. Crude oil surges on report of pipeline explosion in Saudi Arabia. The last time crude traded above $110? May 4th.

Ruh roh..

 

[VolsNSkinsFan]

the pipeline in SA is burning as we speak

 

[rjd970]

How much of this price is speculation? Honestly, is a barrell of oil really worth $110 right now?

 

[MG1968]

How much of this price is speculation? Honestly, is a barrell of oil really worth $110 right now?

Bill O'Reilly likes to blame the speculators. He's usually wrong.

 

[volinbham]

How much of this price is speculation? Honestly, is a barrell of oil really worth $110 right now?

Depends on what you mean by "worth".

 

[VolsNSkinsFan]

Its the symbol that is infront of the number that has the "worth" issue

 

[myrobbins7]

Wow..News Headlines

Oil Could Jump by $40 on Iran Risk: Strategist

 

[volinbham]

Wow..News Headlines

Oil Could Jump by $40 on Iran Risk: Strategist

So the POTUS can affect oil prices

 

[Weezy]

I'm still unsure about whether you consider that traditional market movement, or speculation induced volatility.

 

[rjd970]

Gas in Venezuala is $0.12/gallon.

Just saying.

 

[myrobbins7]

So the POTUS can affect oil prices

 

[mcompton]

Gas in Venezuala is $0.12/gallon.

Just saying.

Gov't subsidized...just sayin

 

[rjd970]

They also don't import a drop.

 

[mcompton]

Correct...they are a net exporter. Combine that with nice production, zero taxes and gov't subsidies and you get cheap gas at the pump

 

[overseasorange]

Gas in Venezuala is $0.12/gallon.

Just saying.

That's also about what one's life is worth in Venezuela...

 

[g8terh8ter_eric]

Looks like tapping the reserve in Montana and the Dakota's should be on the table.