Announcement

Collapse
No announcement yet.

Oil Prices

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Oil Prices

    I want to know exactly why oil costs so much nowadays. Dr. Sinister had a thread where most of the oil costs in Britain were from taxes. But what about the U.S.? Why are we paying so much?

    Last I checked, there were many oil reserves in the U.S. (not the strategic reserve, but oil still in the ground), such as in Alaska and California. Why can't we use those?
    "You realize that if I could actually purchase a weapon, I would stab you with it now?" --Roy, Order of the Stick #136

    Governor of South Florida, Cuba, Louisiana, Manhattan, Hawaii, Illinois, Moon and Mars. Chief of Cybernetics Div., S.INC

  • #2
    its about $2.05 per gallon where I live.

    Skoal!

    Comment


    • #3
      In Ohio I think 41 cents a gallon goes for taxes
      B. FETT

      Comment


      • #4
        Driving home from work tonight I noticed a gallon of gas costs $1.85.
        B. FETT

        Comment


        • #5
          Re: Oil Prices

          Originally posted by Bariman
          I want to know exactly why oil costs so much nowadays. Dr. Sinister had a thread where most of the oil costs in Britain were from taxes. But what about the U.S.? Why are we paying so much?

          Last I checked, there were many oil reserves in the U.S. (not the strategic reserve, but oil still in the ground), such as in Alaska and California. Why can't we use those?

          Do as almost everybody is doing - blame China.



          ______
          If you want to know what God thinks of money, just look at the people he gave it to.
          -Dorothy Parker
          I hate it when I see one of those road signs that says "Draw Bridge Ahead" and I don't have a pencil.
          -Lou Chiafullo

          Comment


          • #6
            Re: Oil Prices

            Originally posted by Bariman
            I want to know exactly why oil costs so much nowadays. Dr. Sinister had a thread where most of the oil costs in Britain were from taxes. But what about the U.S.? Why are we paying so much?

            Last I checked, there were many oil reserves in the U.S. (not the strategic reserve, but oil still in the ground), such as in Alaska and California. Why can't we use those?
            My cynical opinion is that there are two reasons:

            1. Taxes are higher than ever for gas, and
            2. You're still buying it, so they're not charging too much.

            The oil guys are in the business of making money. Supply and demand is a key part of it all, and they are using the war in Iraq as an excuse to gauge you on fuel. Iraq is pumping oil out 24/7 right now (unlike a year or more ago, when it was at virtually a dead stop), so using Iraq, as I guess they are doing, it totally bogus.

            JS
            Barcsi János ispán vezérőrnagy
            Time Magazine's Person of the Year for 2003 & 2006


            "Never pet a burning dog."

            RECOMMENDED WEBSITES:
            http://www.mormon.org
            http://www.sca.org
            http://www.scv.org/
            http://www.scouting.org/

            Comment


            • #7
              Some constraint, some taxes, and a lot of manipulation. Inflation adjusted, raw material supplies are not "at an all time high" as the press loves to report they are actual only at about half the all time high which in current dollars was over $80 a barrel in current dollars.

              The majority of the US oil comes from North American field ( US, Canada and Mexico) most of which are not pumping anywhere near capacity. Basically any time there is bad news about oil the prices get pushed up well beyond the actual supply effect. After all we live in a country with a government that is run of, for and by big oil interest. Look at Bush's and Cheney's background for heaven sakes. Note I am not saying they are doing anything corrupt just that anyone who has been closely associated with a given industry for a significant period of time tends to get overly sympathetic to that industries point of view.
              Boston Strong!

              Comment


              • #8
                Originally posted by JSMoss
                After all we live in a country with a government that is run of, for and by big oil interest. Look at Bush's and Cheney's background for heaven sakes. Note I am not saying they are doing anything corrupt just that anyone who has been closely associated with a given industry for a significant period of time tends to get overly sympathetic to that industries point of view.
                I guess we'll have to agree to disagree on that one.

                JS
                Barcsi János ispán vezérőrnagy
                Time Magazine's Person of the Year for 2003 & 2006


                "Never pet a burning dog."

                RECOMMENDED WEBSITES:
                http://www.mormon.org
                http://www.sca.org
                http://www.scv.org/
                http://www.scouting.org/

                Comment

                Latest Topics

                Collapse

                Working...
                X