What's the Story with High Gas Prices?

[Jamar79]

TEST

[TheRiffCalendar]

OMG, you complain!? in Norway it's three times more expensive!

[ajgolfer1]

@TheRiffCalendar you have public transport in norway ad high taxes on your gas.... you get what you pay for

[dynomike1964]

Its not the price that is problem . Its the money you use to but it that is shit.

[Korschtal]

I think this question misses the point. 'How do we get ourselves off oil' may be a better starting point.

If gas and tax included the incidental health and social costs that our heavy use of vehicles places on our society, it would be far more expensive.

[residentzombie]

@Korschtal Yeah let's get off of oil and start using nuclear energy, that's it! Oh wait isn't Japan having a nuclear fallout right now? Guess nuclear is off the table too huh? Coal!! Oh but I'm sure you think coal is too dirty, right? I know! We will all live like the Amish! We can destroy all automobiles and go back to using horses and candles and get heat from building camp fires! That's progress to go back to the way people lived in the 1800's.

[Korschtal]

@residentzombie I'm not sure how this is connected to my comment. BTW I'm not sure of the current price of gas in Germany or how the Euro is against the dollar, but I worked it out for the time of writing two years ago.

[Decapoe]

Prices are still rising/American companies have plenty of oil/prices are going up...get it?..Oil monopoly, perhaps? Focus people,its not that hard if you stay focused on the facts and ignore the talk. Don't ask the fox where the chickens went if you want a straight answer

[Decapoe]

We own Iraq,its oil rich, American companies like good ole Haliburton have been drilling there since the take over. There is no shortage,period. Prices are still rising($4.69in N.C.). This is a profit. To reiterate, there is no shortage, yet gas prices are going up. Iraq's oil is in the hands of contracted companies American and otherwise. (

[ghostlysmiles]

i agree if everyone would just start riding a bike or walking for one day it would make a huge difference but people are so caught up in all there bs they are two proud for that such a crock!!!wake up people it is called the NWO

[seethesky11]

Very intresting,

Nice vid,

IM watching a documentry about our economy on the trevel channel

and i cant beleive in 2000-2001 gas only cost 1.44$

and in the past years, its increased by 3.00-4.00

if this continues,im not gonna drive

;]

[superphatal]

peak oil, supply and demand. think about india and china's growing thirst for oil. demand is 87 million barrels and the supply is 85 million per day. the price goes up. oil companies aren't gonna start making a cut because the supply is fucked. use your heads.

[ReZeroX]

so when does someone mention alternative energy sources? this video is crap.

[davincij15]

It's the dollar stupid. 90% of the cost is inflation.

Peter Schiff,

Jim Rogers,

Marc Faber

and this canadian

watch?v=aa5NIwIW3ck

are the only ones who know what's up.

[milofonbil]

So why are the oil prices up in Europe? The Euro has done much better than the dollar.

[davincij15]

The market is managed to a point.

I could try to explain how but doing so would be impossible as you need to read and understand many things.

So my statement is as useless to you as saying we live in the matrix controlled by machines (untrue) ether way both statements are untrue in your mind. The only way you can understand that the market is managed (to a point) is with extensive amount of data is shown to you.

If you want to know start by learning how money is created, then ask questions.

[Korschtal]

In Germany it's currently $7.50 a gallon.

[residentzombie]

@Korschtal What is the value of the Euro vs the value of the Dollar? Germany doesn't use Dollars, they use Euros. Japan uses Yen and the price of gas in Japan (prior to the Tsunami) was about 350 Yen per gallon. It's all based apon the value of a currency that determines the price of gasoline in different nations. You should research what hyper-inflation is, because America is heading there very very soon.

[Korschtal]

@residentzombie I was responding to milofonbil's question on gas prices in Europe. We use Litres as well as Euros but I deliberately worked it out in US $ so it would be easier for US readers. The higher price at the pump in Germany is because we have a higher gas tax here.

[residentzombie]

@Korschtal Ah ok well, thanks for doing the math and clarifing yourself. Still we need energy and lots of it and gasoline and coal are still the best sources out there. Coal is clean energy as is nuclear, but nuclear is extremely dangerous.

[monoape]

What a surprise! The Institute for Energy Research, who produced this little piece of dishonest propaganda, is bankrolled by Exxon Mobil.

It's just more lies from the energy companies wanting to protect there profit margins at any cost to the environment.

[ArcticFox1000000]

As someone who has lived in an oil producing province for 39 years, I have to say that I think this video is total bullshit. They are playing semantic games with the word "control" The oil and gas industry is one of the most (if not the most) influential lobbying bodies in the world. None of the claims made in this video are based on any kind of scientific evidence. (yes.. I've heard them all before from other non-credible sources).

[cosmicderb]

Propaganda? The video dispels 2 huge myths: that any one group is to blame and that we're running out of oil soon. Plus, is it really that crazy to suggest the government allow us to at least explore and possibly develop our own reserves? To say it's not going to change gas prices today is the same short-sightedness that got us here in the first place. Is it the only answer? No. But it makes much more sense than today's proposals: more taxes on companies and holidays for consumers...please.

[doctorwhosong]

Forget supply and demand. The prices are being driven by speculation, which can and should be regulated.

This seems like a blatant attempt to swing public opinion toward opening up the coastlines and Alaska for oil exploration. Even if the oil is there, and could be extracted in a timely way, if we burn it we're basically doomed.

Would it surprise you to find out that the oil industry hires hacks to make shit videos like this and trolls to monitor the comments?

[ArcticFox1000000]

You are absolutely right!

[GoldH20]

I love how as soon as a video that is even remotely differing from the far-left point of view, there is an armey of people that comes on to try and discredit what is being said in the video.

There are some good comments in here, but for the most part it seems like it's just some far-left attempt to go after a completely legitimate and respected organization.

Watch the video, have an open mind.

[MrMP81]

Videos like these ones show how ignorant the American Public is. High prices exist because of the decline of the dollar, it's not that complicated.

Compare Oil to Gold and see for yourself.

Secondly, America doesn't touch it's own reserves so they can become the sole power in oil down the line.

[GoldH20]

Ignorant? Based on what standards? I believe everyone is entitled to their own opinions, it's not your job to tell them they are wrong.

[MrMP81]

It's not? Really? People not telling people they are wrong and educating them on what is right from wrong is what put this country in the position it is today.

[gruzilla2]

the issue is not how much oil there is left, but rather how quickly it can be extracted. most experts agree that the global oil production has already peaked and cannot be increased further, while the global demand for oil is rapidly increasing.

check out the interview with matt simmons (search "matt simmons on peak oil" on youtube) and the documentary called "the end of suburbia".

[davemacgeek]

This video is bullshit. There may be oil there, but it would take a good 30 years to get to it and bring it to market. In addition, it would be a drop in the bucket of how much we use on a daily basis. Tapping any potential oil would not lower oil prices or increase domestic supplies, as oil is fungible.

[GoldH20]

So what is the solution? It's better to have a long term plan than no plan at all.

[davemacgeek]

This is not a viable long term plan, if it has no less than a 30-year return and will not even be equivalent to 1% of the current world's oil use. The solution is renewable energy and better gas mileage for vehicles.

[oscotto]

Propaganda period. It's the devolution of the dollar. We need to ditch oil and focus on renewable resources.

[GoldH20]

Propaganda? How is it propaganda? It's perspective.

[LoadedForBear]

Big oil propaganda....

@ jamiep17 LOL repubs drafted the current energy policy and have been in power since the early 90's... Dems, a little over a year talk about uneducated...

[budkin]

Bullshit propaganda... worthless.

[PIPBoy2000k]

This is another "Prove that Americans are un educated" video

[jjfrank416]

The thing that is setting the prices of oil so high is the futures market. OPEc has very litle to do with any of the pricing.

[freeirony]

Paid for by the people who want to drill. My favorite is the guy with dreadlocks. You know you can;t trust him. he has dreadlocks!

[jimfields]

Who made this? this is suspicious stuff. What is the I.E.R.? exactly? Like we're all supposed to know our friendly IER representative. I've read varying reports about the viability of Contntl Shelf reserves and they'd only help in about a decade at best. this seems awfully suspicious to me.

[incekt]

This sounds like a crock to me, possible astroturfing. I have a feeling that there's a neocon think tank behind that website at the end. "Hey, lets all drill in Alaska! Everything will be fine!"

[XenuTravolta]

Environmental extremists are why gas is high.

[Victord2000]

Mary Hutzler, what narcissistic dope are you smoking? It said 4.9% of the world's 'reserves' aren't controlled by the largest 9 distributors. Duh. Reserves are in the ground and controlled by the land owners. Everyone was tricked, then Mary condescendingly says the obvious, "Oil is a commodity that is set by the rules of supply and demand." WTF did 1 thing have to do with the other? The big 9 oil distributors don't own the oil fields, yeah we know that. OPEC sets the price, that we know Mary.

[crusher8576]

it makes me mad when idiots say "lets not buy any gas for a day and then the oil companies will have to lower prices". Oil companies have no play in the price of oil, and are actually hurting because of the high prices. If people actually went out and got the real story, they might realize how wrong they had it

[rodelero2]

This video is complete bull, the insitute for energy research is a lobbyist group for the oil companies.

The high price of oil is set by speculators, people who buy stocks on the global market and escalate prices, also the weakening dollar.

[residentzombie]

@rodelero2 People buy crude oil stocks because there is extra Dollars in circulation created by the Federal Reserve that allow investment firms to use that extra created money to buy oil stocks and other stocks. People who buy stocks are not to blame, but rather the central bank that creates the new extra currency to allow those extra purchases to happen in the first place. Supply vs demand.

[rcguy69]

Who's to blame? Let's see, Big Oil sets government policy, which devalues the currency to pay for invading oil rich regions of the Middle East so that Big Oil gets the contracts for the Middle East. Google "Enron Loophole" to see who lobbied (and won) for that winner.

We the people need to get off our collective asses and take matters into our own hands now.

[fixinah]

This is fucking bullshit, its the commodity traders who are raping the market.

[thebestnumber1]

bingo. same thing happened with gold prices, yet the difference here is that a larger proportion of people are affected since oil is a part of everyday life.

[PlayerXT]

"The Institute for Energy Research (IER), founded in 1989 from a predecessor non-profit organisation, advocates positions on environmental issues which happen to suit the energy industry: climate change denial, claims that conventional energy sources are virtually limitless, and the deregulation of utilities.

It is a member of the Sustainable Development Network. The IER's President was formerly Director of Public Relations Policy at Enron." - Sourcewatch

[jamiep17]

LOL at republicans...funny because Congress is all Democrats. fucking uneducated people i swear.

[setiotis]

your right. but dont forget its the republicans who still hold power. anything that isnt passed the first time around requires another majority vote thats gonna require republicans to vote for something they already didnt vote for. if it does get passed the republican president will usually veto it. w is a good example of that.

[MoofinMan]

This almost as though it is encouraging people for offshore drilling. The area of Florida where I live would be devastated by the drilling and my beach was just rated #1 in America this year. Instead of drilling on the West and East coast just drill in Alaska.

[daftnomad]

almost? if this supported offshore florida drilling any more, it would have ended with a 'mccain '08' sign.

[utoober12]

How about talking about the declining value of the dollar?

[UKLooney]

We have been drilling oil off the coast of Scotland and Norway for over 25 years with very little environmental impact. Our governments puppet masters have interests other than oil in the middle east, oil is simply a lucrative smoke screen whilst occupation takes place. Wake up!

[jklfdsa124]

Hooray for propaganda!

[mtvideoz]

The price is set by supply and demand but driven up due to the falling dollar as well as regulations such as OPEC (as well as congress preventing drilling). In the price of gold, oil is fairly cheap and prices have not gone up significantly. In dollars, however, it has jumped showing our weakness and bad inflation. We, the consumers, need to stand up and push for alternative fuel.

[pfbxafter]

Great video! Way to show how much the American people know about what is going on. Way to show the ignorance of the people of the United States. We as Americans need to figure this stuff out on our own instead of listening to what other people are saying. I am glad you made this video and I hope it gets over a million views.

[TominMissouri]

I understand that you are paid to promote the corporate agenda, but I'm not buying it.

We can't destroy the environment for a few years of oil for us, then let our kids and grandkids deal with a decimated planet. That would be wrong.

[Mekolous]

ok first, oil companies have average profit margins of 4-10%, its just the turnover and volume allows that to bring in 40 billion dollars in profit.

Whats the story with Gas Prices being so high, A Devalued Dollar, Speculation artificalliy inflationg the actual economics of Oil, and because of the devalued Dollar - a global finance shift (i.e your 401k's) investing in commodities such as Gold or Oil.

Offshore Drilling will not bring down the price, and take years to see the benefit.

[metaspore]

Dumb Americans

STOP WASTING OIL = CHEAPER OIL

For godsakes you people take your cheap Wal-Mart shait home in BAGS MADE OF OIL.

[mojowrkin1]

The Institute for Energy "Research" is a wingnut organization bought and paid for by oil companies. Their president was formerly Director of PR for good 'ol Enron. This is ad is utter bullshit.

[RentAnEducation]

No matter how much we have in the US we should develop cleaner renewable fuels. I hate the idea that we can continue to pollute all we like, since there's plenty more oil in the ground. It's time to stop using 19th century fuels. High gas prices may be the best thing that ever happens to us. I want viable alternatives!

[NoWonder08]

9 largest companies own 4.9%?? very surprising,...Bout to check the website out....Thanks for the info

[monoape]

The video claims that the "9 largest private oil companies control only 4.9% of the world's oil reserves".

Ignore the numbers and ask what they mean by 'control'? What do they mean by 'world oil reserves'? Where is the evidence for any of these claims?

This is spin and propaganda from an 'independent' think tank that has received hundreds of thousands in funding from ExxonMobil since 1998 - they are anything but independent.

[pguitarb]

gas prices are high because of

1)inflation of the money supply

and 2)military disturbance in the middle east particularly our threatening of Iran.

the guy with dreadlocks is a total f*cking moron, this is coming from a guy who loves reggae, pot, dreads, the environment, but what a dumbass.

[ricelso]

Supply and demand -> peak oil -> declining supply -> increase price. Simple.

[jcromartie]

WRONG. There is absolutely no shortage at the moment.

[CommentaryUSA]

Obama and McCain are bought by the oil companies.

Vote for Chuck Baldwin of The Constitution Party.

Baldwin2008

chuckbaldwinforum

[astrea79]

really? why does McCain oppose opening ANWR for development? why does Obama oppose off shore drilling? Just because they might recieve money from individuals tied to oil companies doesn't mean they are "bought" by them, A that's illegal and B that's untrue.