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An Unconventional Fix for Fuel Prices

Discussion in 'Political Debate & Discussion' started by Ps104_33, Jun 11, 2008.

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  1. Ps104_33

    Ps104_33 New Member

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    In this decade, though, world oil production has continued to rise, making it difficult for simple supply and demand to explain the explosion in oil’s price from $20 in 2002. The Energy Information Association reports that since 2002, world petroleum production has risen from 76.995 million barrels per day to 84.594 million barrels per day in 2007, a 9.87 percent increase. Over the same period, demand has gone from 78.036 million barrels per day to 85.354 million barrels, a 9.38 percent increase. So total world oil production actually rose faster than demand, but prices increased by almost 400 percent nonetheless. Kind of throws a monkey-wrench into blaming this crisis on China and India’s lust for crude, doesn’t it?

    The fact is, the explosion in oil futures trading on the various exchanges around the world has unquestionably been a huge factor in the nearly 200-percent increase in oil prices since January 2007. How huge? Estimates vary.
    http://planetgore.nationalreview.com/post/?q=ZmViNTgyNTI5NDRmYzAyODU3ODFjMjExYmU0ZjFhNzY==
     
    #1 Ps104_33, Jun 11, 2008
  2. Ed Edwards

    Ed Edwards <img src=/Ed.gif>

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    The strong US Dollar of the past was deployed as a weapon to give the American people cheaper gasoline. As long as the dollar goes down, crude oil prices will go up.

    Both Democrats and Republicans supported the cheap gasoline: it kept inflation low, employment high, and the sheeple (SHEEP-peopLE) voting right.

    I still say that people who wear coats in Washington in the SUMMER are NOT qualified to make energy policy for themselves let alone the nations. Two group who wear coats in the Washington DC summer:

    1. Congrees critters & government officials
    2. the homeless (all they own is own their back or in the cart they swiped from the grocery store)
     
    #2 Ed Edwards, Jun 11, 2008
  3. Cutter

    Cutter New Member

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    Sorry, but did I miss something? I read your OP and did not see any "unconventional fix" offered for fuel prices.
     
    #3 Cutter, Jun 11, 2008
  4. billwald

    billwald New Member

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    Increasing margin requirements in general is a good idea . . .

    but why should the retailers of any product charge less than the customers are willing to pay?
     
    #4 billwald, Jun 11, 2008
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