This be cause our great President George W. demanded that these here costs come down or else.
This has resulted in savings for the people to feed their families so they don't be hungry no more. Another example of George W. helping the people in their time of need. Thank you Mr President for a job well done. You rock!
:cripwalk::cripwalk::cripwalk::toast:
Can you show me the suspicious trend here that qualifies this as a conspiracy?
Times are good,people buy more oil,demand increases,speculation explodes....times are bad,people buy less,demand decreases,speculators run.
http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24
Looks just like the 5 years of any of the major indices.
Times are good,people buy more oil,demand increases,speculation explodes....times are bad,people buy less,demand decreases,speculators run.
http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24
Looks just like the 5 years of any of the major indices.
IT does not occur to anybody that it IS a deliberate manipulation of the Pubic en mass. That Bush (who had my vote (thus I am one of the guilty ones)) - has deliberately permitted skullduggery to run amuck and his friends to gouge us royally? How many studies occur on how much a President makes (and his wealth increases) after he leaves office? He most certainly made a lot of rich people Richer out there!
This accounts for fluctuations with regard to demand. I don't think it's out of the realm of possibility that there are those that have the power to dictate price by limiting or expanding supply. If something like that is happening, some would call it a conspiracy.
We finally agree shorty.
The Dems have stood in the way of drilling our own oil for how long now?
The states reached peak oil in I think 1960 although it could be 1970 I cant remember buts its one of them, I leaning towards 1960. Anyway the amount of oil the states has is so small it will make no difference in the price of oil but if its there I would still drill for it, but its just not going to make a difference in oil prices.
Also the world has aleady reached peak oil or will in the next couple years thats probaly the biggest reason for the wild swings in the price of oil.
Also for people that dont know peak oil is when the production of oil is lower than the amount of oil is being used.
People have been warning about this for over 30 years and this will cause huge problems in the comming years.
It has almost nothing to with that. It's hardly a matter of drilling. When I mention those with that kind of power, I am referring to OPEC along with the big oil companies. "Big Oil" has won the power struggle with the neocons to determine the future of Iraqi oil and they don't want it flooding the market (which is what the neocons wanted). It's also been theorized that part of the reason Saddam had to be taken out was because he was overproducing and exceding the the Iraqi quota set by OPEC. It's those that control the flow of oil that have the ability to manipulate prices. The big oil companies aren't going to take steps that will reduce their profit for the good of mankind.
There's also this thing called the "Strategic Petroleum Reserve". It's a stockpile of oil under goverment control to be used in the event of an emergency. In May of 2008, Congress voted unanimously to suspend stockpiling the reserves until the end of 2008. The hope is that this oil that is normally stockpiled will find it's way to market and help ease prices.
Peak Oil actually refers to the theoretical point at which a given area has depleted 1/2 of the known reserves. The idea being that the second half is more difficult and expensive to extract. "Known reserves" is a key phrase also because there is still exploration going on in America, specifically in the Gulf of Mexico.
