The reason why gas prices are outrageous

[Arwokid]

2 years ago u want an iphone 3g, last year u want an iphone 4 and ipad, this year u want an iphone 5, ipad 2, and macbook pro. if ur parents cant afford them, u claim that's conspiracy. LOL

fucking retards.

[TheMattd546]

and those conspiracy people say we went to iraq for oil, lol well where is the oil then dumb asses, we didnt get any oil from iraq

[Andreas748]

So will natural gas cause oil to come down soon? Chesapeake Energy says they're adding natural gas fill up terminals to all the Petros across I-70 and I-95. They said when completed, trucking companies will start converting their trucks to Nat Gas. I would think this will be the start of lower gas prices....

[Gotred]

Opec is choking puppies. =<

[Pikaaoil]

Load of poo - Fact#1..The US uses 20% of the Global oil supplies, yet the US pop is 3% of the World pop. Lower your demand, and prices will fall - called demand destruction. Fact #2 - mid east oil has gone up since 1973 by 6 billion barrels in 2008. Fact #3 - North Sea, ANWR came online in early/late 70's and pumped out with Russia tons of oil causing a glut in oil supply, thus mid-east scaled back. Fact #4 - The US gets most oil from MEX, VNZ, CAN, NIG and UK/NOR. Talk about paranoia...

[SuperAlexrios]

this guy is bull shit

[Downfurlife]

LOL? It is Opec? LOL? Every president(Everyone) for the last 11 individual elections have absolutely promised independence from foreign oil. The fact this has never happened clearly demonstrates it was never the plan. It is now 2011, years after this video was put up. But, it is now so 'conclusive' that there is no longer a debate Speculators are the criminials. And BTW we do not import most of our 18b from "Opec" nor really have we ever. Facts are important.

[gosox773]

This guy has no clue what he's talking about he's plagued by racism & xenophobia.

[ve3tru]

You make it sound like production is down from 1973 because the world population doubled.The truth is the world is using less oil, cars are more efficient, factories ect. and they are finding beater ways of getting out of the ground.There are more oil reserves today then ever in history.The actual cost to produce a barrel of oil is in the 3$ range the rest is pure corruption.

[lanceintersection144]

@ve3tru Honestly bro from what I gather, If I had to choose between corruption and oil running out, I think I would choose corruption, atleast there will be oil, neither are good, and people know it but people dont wanna do anything about it

[Mo2Smoke]

BS. USA controls OPEC and Saudi Arabia. Last time a king tried to stop oil exports to USA was assassinated.

[carnation038]

@Mo2Smoke we dont control opec. they control us. they wanna get rid of the dollar and value oil in the euro increasing the price of our oil. and the only thing we can do about it, is the make the dollar strong again.

[Downfurlife]

@carnation038 They want to get rid of the dollar? LOL? The Federal Reserve has been doing that...... Opec has nothing to do with the dollar.

[Darusdei]

it's called cartel, courtesy of free markets and capitalism, oooh the irony :D

[NicosMind]

The housing boom was caused by low interest rates, Freddie and Fannie buying up mortgages and a bunch of other things. Oil production has also peaked so i guess theyre trying to cover their backs for when thats gone. but we also have the US trying to manipulate the oil price down cause of the fuel bill from their massive military. My god economics is crazy :)

[Khalid88Nasser]

loooooooooooooolz =) FAT GUY SAYING BULLSHIT,,,PEOPLE u buy our Oil and We buy ur cars, weapons, electronics, and we invest greatly n ur economy. So its a win win situation =) imagine if China had all the Oil what would they do 2 USA?!?! atleast we are ur allies

[JackBlair2]

DRILL BABY DRILL

[Albator2025]

This is a ridiculous video with another "plot theory"... Some figures are thrown away without any relevance, as there is no contextualization, and even bad faith from the speaker. Why would the Saudi or Kuwaiti royal families risk hindering the US economic growth while this is there they have been continuously investing their money since the mid-70s? I.e. A decline in the value of US companies means a decline in their own shares and investments. They may be greedy, they but are not idiots.

[quikijiki]

Supply and demand... Less Oil + more people.

do the fucking math. -.-

[RrObbieisme]

saudi arabia says that they are moslem but they sell all their honour to america also amerıkca ıs the bıggıest jew country ... fuck saudi arabia !! i hope u lose all ur petroil then try to use ur brain cells why u r living on this world and wonder that if they did anything for islam arround the world. islam just on their mounth !!! no islamic equaltly...

[b00015984]

If someone understands the Arabs.. you would've know that that don't work together..

The Arab monarchies haven't and well not agree on anything, they will not think of a brilliant plan of dragging the world to a depreciation because it is not in there interest

What is said in the clip is more of the crap that we hear all the time, it is not accurate and it is not the hall story!

Replayers do your worst..

[jjasonyiannis]

...and although I'm not a statist I tend to believe that a central government is more likely to give a not completely materialistic and a more humane solution to these problems than private entrepreneurs, who after all are just going for their own profit. I love Adam Smith's theories but he didn't live long enough to see this mess... We need to develop a more humane way of dealing with politics and social conscience cannot come from an antagonistic consuming society. Cheers

[Srd1126]

What problem do you have with someone making a profit? I'd rather my gasoline purchase go to a private company than the government. When government DID organize oil policy in the 70s it was a disaster. As soon as they deregulated supply came back and at a lower price! What do we have for all that government research into "alternitive fuels?" NOTHING, except ethanol subsidys. Let BP stockholders pay for the research, then let them make the profit on it, if any.

[jjasonyiannis]

All I'm saying is that leaving education, health and environmental issues solely to the interests of individuals during the past century proved to be catastrophic in many ways. Did Chevron or Shell seem to care about the Amazon or the Delta of Niger? World resources aren't limitless and we have to protect them. This protection would never come out of Oil interest companies. As proved recently market cannot be always self-regulated...

[jjasonyiannis]

This is one of the most stupid analyses I've ever heard on the subject! As if western oil companies are profiting less than OPEC by these high prices. Instead of trying to take advantage of other states' sources Americans should just try to develop new environment-friendly ways of producing energy! But this seems impossible with Bush-like governments. At least OPEC countries are not the ones responsible for the environmental disasters in Nigeria or Ecuador (see Shell, Texaco etc.)

[Srd1126]

Yeah, blame B ush who wanted to drill years ago.

Here's a question to greenie-liberals: Why does "the government" need to help develop energy? Drake drilled and discovered oil on his own. Why don't envrionmentalists invest their own funds in stock of alternitive energy companies?

[jjasonyiannis]

Actually, that's a great idea! Leave our future to profit orientated industries and not to our elected governments! Listen man, I don't know what you have for brains but I'm paying my taxes and I want them to fund something that has meaning. Maybe if American governments were not supporting oil companies Drake's investment would have had a bad end. Making a discovery is not enough. You need an organised policy in order to have results. But if you don't want to give a shit vote again for TEXACO

[00Billy]

Yeah...80% of the oil? Alberta oils sands? US Shale? what a crock.

[siggensax]

I agree, but a more environment-friendly way of producing electricity is not the solution, thats a side-effect. The solution is to find a cheaper way to produce.

[be4realyo]

Over population.

[guatay]

All oil drilled, domestically or otherwise, goes to the world market & sold to the highest bidder. Before China/India became intense competitors for resources (emerging economies, also check the price of steel), the oil prices weren't so volatile. The oil price volatility seen today is the cost we (U.S.) pay for building up the economies of 3rd-world nations via industry relocations to those countries. Of course, as long as U.S. corporate taxes r excessive, we'll pay more & lose more jobs.

[sclavos]

How stupid can one be ?

Take meat instead of oil, and think of an average person on earth living easily on one pound of meat a day. Instead, US citizens need 20 pounds of meat a day because they mindlessly ate and ate all the years, cars manufacturers took out every cent of profit instead of investing into oil saving technologies, etc

And now you call the cattle breeders association of India and of South Africa "enemy" - because they didn't double their cattle production while you ate and ate.

[mpd19666]

Your right, but it is greed from everyone that contributes to this oil situation

[siggensax]

Greed is an permanent factor. Its like blaming gravity for the twin towers to fall.

[mpd19666]

No, we are raised in a cutthroat society that is always in the pursuit of money unlike other societies

[arcanekrusader]

Not OPEC mate :S

[prideventures]

Wait a minute - we exploit these countries for cheap energy and now we complain about them making money off of "their" resources....it is their oil...when we talk about wars in the middle east we talk about our interests...but we don't go to war against Aids in Africa or any other issue in the world....now the countries that have oil are saying you call us terrorists then why should we continue to give you cheap oil...we can sell to China..we need to get off oil period hydrogen - electric!

[cuzy08]

It just seems that these "Investors" have too much control over the market now and can manipulate the price from time to time to make a quick buck (couple of millions of dollars). All they have to do is cause some reason for the price to go up and guess who pays for it... YOU!

[WaliAlAmreeki]

OPEC has nothing to do with it you morons...

[ninjanars]

I swear, we're all going to be like them futuristic movies with super high-technology and anti gravity vehicles and stuff... and the people who are travelling on ground are gonna ride horses. All because we ran up all of our resources. Give it another 50 years, we're gonna be exactly like those movies man.

[rctube1958]

This guy is an idiot!

[radicalsam]

If opec is the reason gas is so high.

would'nt that mean they (opec) would be making all the profits? So why do American oil companies set record profits every quarter sense 2000? Funny how mr. zionist

would blame the arabs when goldman /sachs

hold more oil futures than the oil companies do.

If you want to know whats driving oil prices

google the(ENRON EXEMPTION)

ENERGY TRADING LOOPHOLE.

In concressional hearings it was said if the loophole was closed gas would be $2.00 a gal. in 60 days

[Onesnowbal]

I know that voice...that is this space/mars guy. He is a very, very smart guy but his enthusiasm is often a little too much and works against him.

[PornoSatan]

Heh, yeah, that's Robert Zubrin. He wrote the book Energy Victory: Winning the War on Terror by Breaking Free of Oil.

[LiquidFireNorway]

OPEC countries getting away with it? what the hell, that is up to them what prices they want. It is called business.

[raghu246]

this is a load of shit!This guy in the video talks abt the dog with a collar, but tell me this - has dog(demand) grown so much from yesterday to today that the oil prices should go up by $2 a barrel? - do we have such sophisticated tools to calculate the demand every single day and compare it to supply inorder to raise the oil price every single day?

[razorx71]

I hope they screw up and stay high enough for long enough that new technologies come out and we see alot more electric cars.. Tesla's dream realized. Connecting our machines to the wheelwork of nature. Hydro/Wind/Solar. For what we spend on oil we could in 1 year gain energy independence from the rest of the world. If the Eestor Ultra-Capacitor (Battery) reaches the market it will kill oil.  Charge your car in 5 minutes for 500 miles and get 5x the power at 1/20th the cost.

[razorx71]

More propaganda. The value of oil has not gone up, the value of money has gone down. Oil is traded in American dollars.. The American dollar has dropped 70% vs gold in the past 8 years! In 1947 a gallon of gas cost 23 cents. 1947 quarter contains 1/4 ounce silver which is now worth.. $4.55. Only countries with "floating currency" without a gold/silver/diamond standard are seeing these increases. Same reason a coke went from 5 cents to a 1.25..

[wolverineeeeeeeee]

we never learned from the last oil crisis:p

Let bring alternatives on!!

[korben0809]

no matter who's responsible OPEC or some1 else i want to officially curse those bastards!YOU GO TO HELL LEACHES ,YOU GO TO HELL ANC YOU DIE!!!!!!!!!!Unclefuckers!

[Za7a7aZ]

Another thing is that i find it hard to belief that with the smart scientist and technology of today nobody can find THE SOLUTIO for our enery problem. THE SOLUTION is held back because some people need more money on their accounts. These peolple are responsible for the polution of our enviroment and for all the people and animals that died because of their lust for money and power. That is a reason why I hope there is a God and they will not get away with their crimes.

[Flutelette1]

Everything is about money, money, money. :|

[Onesnowbal]

On the otherhand this God says i should forgive these people,...that is another problem......

[siggensax]

Yeah, economics is weird huh

[luisgar12]

this is total bullshit, this conspiracy theory of opec taking over the world is nonsense, oil prices are high, for various reasons, obviosly the increase in demand, and the production has increased, as much as possible, the truth is that the dollar has fallen, and why is the dollar so weak?, because your country is in debt, an why is it in debt, because you are spending like crazy because of the war and asking the federal reserve to imprint more money, at interest btw making the bankers rich

[ExposeScams]

President of opec said ....$200.00 a barrel this year

[deschuy27]

Can't say you didn't see this comin'. That's why voting power is important. When you sleep on the importance of voting power, you end up reaping what you sew. Now we get to all pay $20 for a loaf of bread in the near future... unless people start speaking up on this... and soon. :-/

[ExposeScams]

Voting power LMFAO...who do you think puts the"leaders" in place...The DEEP pockets...who the hell do you think that is LMFAO

[noisecape]

haha well said expose

[GRock732]

This is the most informative video on oil I've seen.

[Za7a7aZ]

This oil cartel has inside information about a transformation to another energy source. They are cashing in before this other source is becoming common. It is busines as usual. Another day, another billion profit.

[blackcherry1212]

We are witnessing a major play by opec - i think we will have an alternative next year. Keep an eye on United Nuclear. Hydrogen conversion kits for all cars. Then house generators will be next.

Also - keep in mind this is a play to open up Alaska before Bush leaves office too.