OPEC really doesn't have the ability to dial down the price of oil. It is mostly demand-driven and controlled by the market, although there are other contributing factors as well, like our weak dollar. If the Fed would raise interest rates, it would help to prevent inflation that might cause the price of oil to get even worse. Once demand maxes out supply, every 1% increase in demand causes a disproportionate increase in price, so things only get worse from there. We will probably not return for a while to the point of having any extra capacity in the system like we once did. Now if there's one hiccup, it's like getting kicked in the head.Here is a solution to the Oil Crisis...
Problem: OPEC sells oil for $141.74 a barrel yesterday.
Problem: OPEC nations buy U.S. grain at $7 to $10 a bushel.
Solution: Sell grain for $100 a bushel.
Can't afford it?
Tough Nuts!
Eat your oil!
Then, maybe oil prices will come down to a reasonable figure again.
Hunger is a powerful motivator!
Here is a solution to the Oil Crisis...
Problem: OPEC sells oil for $141.74 a barrel yesterday.
Problem: OPEC nations buy U.S. grain at $7 to $10 a bushel.
Solution: Sell grain for $100 a bushel.
Can't afford it?
Tough Nuts!
Eat your oil!
Then, maybe oil prices will come down to a reasonable figure again.
Hunger is a powerful motivator!
There's really nothing to be done about this. Drilling in the US will make some companies rich, but will not effect the global market enough to bring prices down at all. Now, if we created a nationalized industry to drill, extract and refine US oil, and made that exclusively available in the US, that would be different. But OPEC would cry foul and kick us in the teeth.
So we'll just have to tighten our belts and get more efficient. Demand increases, production flatlines, prices go up.
I'm buying a scooter.
Here is a solution to the Oil Crisis...
Problem: OPEC sells oil for $141.74 a barrel yesterday.
Problem: OPEC nations buy U.S. grain at $7 to $10 a bushel.
Solution: Sell grain for $100 a bushel.
Can't afford it?
Tough Nuts!
Eat your oil!
Then, maybe oil prices will come down to a reasonable figure again.
Hunger is a powerful motivator!
Supply and demand - Wikipedia, the free encyclopedia
We got ourselves into this mess when more than half the country decided they all needed SUVS or trucks when they could of gotten along just fine with a car. You had every soccer mom in America with a 15mpg fullsize 4WD SUV when they could have gotten a more effecient minivan. Fastforward a couple years and now the hybrids and compacts that used to be a trendy niche market is steadily becoming big seller. Of course there are other factors then just the truck/suv fad, but we sure didnt help the situation. Drilling in the U.S. isnt gonna fix the problem either, its only a band aid and like Ishi said it probably wont help as much as people wanna believe. We as a country need to be more effecient, take public transportation more in big cities, stop buying these gas guzzling trucks/suvs unless you absolutely need one, an invest in more alternative fuels.
That is exactly what our government buracrats want us to believe. That it is all our falt for using so much fuel and we are going to have to pay. No matter how many lies they keep telling us there is enough oil in the U.s. I know a geoligest friend who says that the earth is replentishing the oil and there is no shortage. There are a lot of others that hold this view but just like the scientest that do not following the evolution line or those that do not believe the global warming leftest they ae ignored by the news media. It is not all just from decaying bones as the the left wingers would have us believe. We have bought into a lie and now they are killing us with it.
That is exactly what our government buracrats want us to believe. That it is all our falt for using so much fuel and we are going to have to pay. No matter how many lies they keep telling us there is enough oil in the U.s. I know a geoligest friend who says that the earth is replentishing the oil and there is no shortage. There are a lot of others that hold this view but just like the scientest that do not following the evolution line or those that do not believe the global warming leftest they ae ignored by the news media. It is not all just from decaying bones as the the left wingers would have us believe. We have bought into a lie and now they are killing us with it.
I saw the special on the news with your geologist friend the other night....oh...whats that........
NO I DIDNT. Tell him to stop keeping it a secret and tell everyone that bit of useful information....if it exist
Of course its not our fault, its all an arab/OPEC conspiracy to bring down the mighty US.(rolleyes) Im not saying its all our fault, but we cant blame everyone else, its bussiness, you can't say if you were a oilcompany owner you wouldnt be milk us for all were worth. Money makes the world go round. Once again, im all for drilling in the US, but that will NOT fix the problem, regaurdless of what your "friend" says. All you whiners out there need to study some Economic's books and stop looking for someone in the government to magicalically drop the price of gas so you can go back to your 13MPG SUVS/Trucks!
I don't want the federal government to do anything for me except quite lieing to us and screwing us. I can't believe that I am the only one here that does not think the government tells us the truth all the time of perhaps most of the time. Then again I do not believe in the easter bunny or the tooth fairy either
So you don't believe in the easter bunny or the tooth fairy, but you believe in God, some people may find that humorous and hippacritical. I don't think anyone here thinks the goverment tells us the truth all the time, thats why there's indictments, and top secret files, and scandals, but hopefully no one is so full of themselves to think the government is out to get them and thats there only priority. Come on man, everything isnt a conspiracy.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?