Oil and Gas prices - The Truth Behind GAS Prices

[SerendipityPwns]

I personally think that high oil prices are a good thing. As oil prices rise, Americans will be discouraged from using this finite, polluting resource. We need to wean ourselves off of oil before we dig ourselves deeper into this hole of dependency, and what better way than high gas prices? To solve the oil problem, we need to stop pointing fingers and actually do something about it. We should buy hybrids, and push for the making of electric cars. We got ourselves into this mess; we can get out.

[zhousx18]

Bush and his supporting group can get benefit from high oil price, I wonder why the oil price go up when the provide is greater than consumption ? some guys forstall a amount of oil,right ?

[blaziermissy]

Well said. Read Confessions of an economic hit man too if you get the chance.

[highfuelprices07]

Thanks for your comments. I will read it.

Richard

[da19570]

when the us dollar collapses due to a 15 trillion dollar debt that cannot be repaid the oil companies will lose their all of their worthless money.

[earbank]

Are you in disagreement with 'peak oil' theories behind the rise in price of crude?

[highfuelprices07]

There is plenty of oil, even though we (US)need to wean ourselves off of it. The problem is to few competitors controlling one product, oil. As long as oil companies continue to cut production and supply, prices will go higher and higher. The dollar decline does have some validity in the recent spike. My book is very educational and worth the $12.95 (from my website). If you don't think so, I will refund you.