I'm Beginning To Wonder About George Bush

I agree with this guy. He's right.......when the price point is so high that private sector attention (money-making ventures) are focused on alternative fuel options, new technologies will advance friends. People are working on it right now and in the next 10 years or so, something will break. Money and greed is the biggest facilitator of innnovation. That's the reason nothing comes from Russia.........no incentive for innovation.

 

Coming in one the tail-end of this (been working out of town the past couple of days)...

...but it seems that as I've been hearing about the record prices of oil, I'm also hearing that the oil companies are raking in record profits. Therefore, they can't be jacking up the price because of higher production costs if they are making larger profits.

We're too dependent and complacent to do anything about it, and the oil co's know it. The price will never dip back below $2/gallon since it has been fixed well over that figure for so long.

Further, a question I posed in another thread that never got answered: Hasn't Middle-East turmoil always indicated a spike in gasoline costs? I wasn't driving back in '91, but it seems that I remember a similar phenomenon taking place back then as well. Even though we don't get all of our oil from that region, couldn't the companies use that as a scapegoat for soaring prices (not that they are actually ever going to be held accountable for it anyway)?

Either way, I remember paying $0.99/gal as recently as the spring of 2000. Hell, I remember paying $1.53/gal at Christmas. Knowledge of oil's depleting nature isn't a new development, so one would have to surmise that some sort of recent event be linked to the spikes.

 

For Sourdoughman:

Republicans react to Clinton and Kosovo situation

"Victory means exit strategy, and it's important for the President to explain to us what the exit strategy is."

-Governor George W. Bush (R-TX)

[font=arial,helvetica]"President Clinton is once again releasing American military might on a foreign country with an ill-defined objective and no exit strategy. He has yet to tell the Congress how much this operation will cost. And he has not informed our nation's armed forces about how long they will be
away from home. These strikes do not make for a sound foreign policy."

-Senator Rick Santorum (R-PA)[/font]

[font=arial,helvetica]"Well, I just think it's a bad idea. What's going to happen is they're going to be over there for 10, 15, maybe 20 years"
-Joe Scarborough (R-FL)[/font]

 

Oh goody! We figured you'd leave after Sheehan went home.

 

I always agree with Frogleg too. I consider him the voice of reason, breathtakingly rational,, with keen insights in all threads that he deems worthy of his time. His powerful logical reasoning on most any issue or problem beckons me to read his post over and over again. Thank you, Frogleg.

 

santorum, lol.

http://www.rotten.com/library/sex/sodomy/santorum/

 

Verrrrry innnnnteresting....

 

Of course their profits will go up. It's not costing them anymore money to produce the oil, but the demand allows them to sell it for a higher price.

Not much different than when I was trying to buy a ticket to the LSU National Championship game. Demand was so high for tickets, it drove up the value of these tickets.

Same thing I heard in the late 70s and early 80s when gasoline skyrocketed. You are probably to young to know, but we actually had long lines at gas stations.

Yes, any conflict in the middle east will increase oil prices. Just like a refinery explosion, a hurricane in the gulf, etc., will increase the price. Anything that disrupts supply (or the fear of any disruption) will increase the price.

I don't buy the Peak Oil theory as to the recent rise of oil prices. While I do believe we will eventually run out of oil, the current crisis has more to do with supply and demand.

Contrary to what democrats and our media says, our economy is pretty healthy these days. So are many economies around the world, such as China and India. Oil demand increases when economies are good.

Oil prices dropped below $15 back in the late 90s as a result of an economic downturn in Asia. Demand for oil dropped, therefore prices dropped.

 

my idiot friends paid 800 each on ebay. but when they got back they said it was definitely worth it.

i didnt think of that, and that makes sense. now that china is really developing, i guess the price should stay higher, because they will raise demand. you learn something every day.