It's not the govt that sets oil prices, it's speculators. Yes they do get it wrong on occasions but commodities are all done on speculation.
Little FYI, oil can only be bought in dollars, the dollar is becoming so weak that China and Russia have quit using dollars to make purchases with each other. Oil is the only reason the dollar has any real value now. If they quit buying oil with US dollars the US will become a 3rd world country overnight because there will be no use for it anymore.
how does this make sense?!? get your freaking water out of the tab and grind your own freaking beans at costco, 1lbs for $5. makes a 100 gallons of coffee. costs a few cents.
This comment has received too many negative votesshow
This IDIOT sounds more like Rush Limbaugh everyday.
For a guy that gives so much financial advice, how come he doesn't understand that the price of gas went up because of shares being sold on financial market?
This idiot tells people to buy mutual funds and claims to have some himself that 17% interest... and then the economy collapses. LOL, this clown supported all that republican crap before the collapse.
You Americans ARE Energy independent. ALL OPEC NATIONS, ALL OPEC NATIONS, exception of Veneuela & Iran price their OIL in US$ that means Kuwait, Saudi Arabia, Oman, Unitad Arab Emirates, Qatar a ONLY accept US$ for their oil
If anyone wants oil they need $US from you which u are printing like there is no tommorow. Your $ is backed by Muslim Oil, if you start getting funny with that, other countries will copy the "alternative techs" and wont need oil, thus tanking your economy and OPECS too.
If only we could gather up all the liberal bullshit being spewed across the mid-stream media and somehow convert it into gasoline. Then we would definitely be energy independent.
I'm just wondering where the gov't was when oil was only 40 to 50 dollars a barrel. They were breaking even at best. Isn't this America? When did making a profit become a bad thing in this country?
I've been thinking about how wrong it is for our government to define windfall profits. The video "Walter E Williams - Economics of Liberty" is excellent at explaining how all transactions on a free market are win/win. We win everytime we pay for something, because we don't know how to get what we want at the moment for any less $. Oil companies are helping our economy work, so don't punish them. Start new competition, but don't drive them out of business.
It's not the govt that sets oil prices, it's speculators. Yes they do get it wrong on occasions but commodities are all done on speculation.
Little FYI, oil can only be bought in dollars, the dollar is becoming so weak that China and Russia have quit using dollars to make purchases with each other. Oil is the only reason the dollar has any real value now. If they quit buying oil with US dollars the US will become a 3rd world country overnight because there will be no use for it anymore.
dynamitemike65 1 year ago
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motor out there. Join the free energy revolution!!
hungarylnnjsd 1 year ago
how does this make sense?!? get your freaking water out of the tab and grind your own freaking beans at costco, 1lbs for $5. makes a 100 gallons of coffee. costs a few cents.
gas is $3/gallon and i can't get for any less
snuckyr 2 years ago
This comment has received too many negative votes show
This IDIOT sounds more like Rush Limbaugh everyday.
For a guy that gives so much financial advice, how come he doesn't understand that the price of gas went up because of shares being sold on financial market?
This idiot tells people to buy mutual funds and claims to have some himself that 17% interest... and then the economy collapses. LOL, this clown supported all that republican crap before the collapse.
ZeroTemp 3 years ago
You Americans ARE Energy independent. ALL OPEC NATIONS, ALL OPEC NATIONS, exception of Veneuela & Iran price their OIL in US$ that means Kuwait, Saudi Arabia, Oman, Unitad Arab Emirates, Qatar a ONLY accept US$ for their oil
If anyone wants oil they need $US from you which u are printing like there is no tommorow. Your $ is backed by Muslim Oil, if you start getting funny with that, other countries will copy the "alternative techs" and wont need oil, thus tanking your economy and OPECS too.
tdot22 3 years ago
Fiat currencies always fail. Don't expect the dollar to be invincible.
BATCH420 3 years ago
Wait... Hold on... Dave owns GTA IV?? SWEET! I love that game!
John04Civic 3 years ago
If only we could gather up all the liberal bullshit being spewed across the mid-stream media and somehow convert it into gasoline. Then we would definitely be energy independent.
I love Dave.
BATCH420 3 years ago 4
This comment has received too many negative votes show
RACK THIS GUY!!!
gonygonygo 3 years ago
How about the record taxes collected on the sell of gas and oil by the United Staes goverment in 2007?
ConservativeVoiceUSA 3 years ago 3
I'm just wondering where the gov't was when oil was only 40 to 50 dollars a barrel. They were breaking even at best. Isn't this America? When did making a profit become a bad thing in this country?
dynamitemike65 3 years ago 3
@dynamitemike65 Making profit is one thing. But when the price if over inflated because of regulation I want to riot against government.
Paladin1warrior 1 year ago
I've been thinking about how wrong it is for our government to define windfall profits. The video "Walter E Williams - Economics of Liberty" is excellent at explaining how all transactions on a free market are win/win. We win everytime we pay for something, because we don't know how to get what we want at the moment for any less $. Oil companies are helping our economy work, so don't punish them. Start new competition, but don't drive them out of business.
CPAsheldon 3 years ago 8