The graph below shows the short-run aggregate supply curve for the United States. Suppose Iran, the world's second largest oil exporter, severely curtails oil production -- leading to a sharp increase in oil prices. Show the short-run impact of this oil price shock by dragging the curve to the appropriate position.Show the short-run impact of this oil price shock by dragging the curve to the appropriate position.?
drag supply curve up or left.
Wednesday, April 28, 2010
How do the performance of the stock market and the oil price affect the M&A market?
The stock market typically performs in cycles and oil (just like all commodities) rise in the late stages of an expanding economy. Mergers and Acquisitions typically happen when the markets are performing very well. So the stock market and oil could be rising with strong Mergers and Acquisitions. But much more likely (and in my option this is what is going on now) would be that the market performs strong, oil is weak and M%26amp;A are strong. However, it really depends upon the timing in the market cycle.
What is the reason for oil price hike?
when will its cost come back to normal?why is that the price of oil has increased?What is the reason for oil price hike?
The main reason that the oil price is hiking because dollars value is falling every day. As we know America is the main provider of oil globally and is trying to keep dollars value using oil. And that because Europe is using oil in grate level is trying to sold this product in a price that will lower euros priceWhat is the reason for oil price hike?
The reason for the higher price of oil is the increased demand for oil in the global market. Developing countries like China and India are starting to demand more oil which drives up prices.
Will prices go back to normal? Only if demand for oil fall or supply of oil produced increases. It's unlikely that demand will fall and the primary supply of oil is primarily regulated by OPEC. So it's unlikely.
I think one of the major reasons is 'peak oil'. This is the term for the beginning of the end of the world's oil supply. They are just running out of plentiful sources these days. Couple that with wanton greed, increased demand from India and China like previously mentioned, and presto. I doubt you can blame the Iraq war. That is only one source.
Im sure when the big companies have been satisfied with enough profit, you will see the 'miraculous' introduction of alternative fuel cars by governments everywhere!
Conventional wisdom is supply and demand.
The US used to be the major consumer of oil. Now that other global economies have become more affluent, the US is no longer the major consumer. Both China and India are major consumers of petroleum, therefore the demand is higher.
Gasoline has been over $8/gallon in Europe for over a year. The US is catching up to what the rest of the western world has been paying for gasoline for a long time.
Iraq, which George Bush decided would be a good idea to invade, supplied a fair amount of oil, and the terrorists and militants decided to blow up the oil pumps/extractors.
Suppy and Demand. Hate to tell you, but welcome to the new ';Normal';.
More people worldwide want it, and more of it. When people stop wanting it, the price will have to come down.
the reason why the price of oil has increased is because the world is going dry with oil so the less we have the more it cost
This is the new normal , it's all about greed...mascara
The main reason that the oil price is hiking because dollars value is falling every day. As we know America is the main provider of oil globally and is trying to keep dollars value using oil. And that because Europe is using oil in grate level is trying to sold this product in a price that will lower euros priceWhat is the reason for oil price hike?
The reason for the higher price of oil is the increased demand for oil in the global market. Developing countries like China and India are starting to demand more oil which drives up prices.
Will prices go back to normal? Only if demand for oil fall or supply of oil produced increases. It's unlikely that demand will fall and the primary supply of oil is primarily regulated by OPEC. So it's unlikely.
I think one of the major reasons is 'peak oil'. This is the term for the beginning of the end of the world's oil supply. They are just running out of plentiful sources these days. Couple that with wanton greed, increased demand from India and China like previously mentioned, and presto. I doubt you can blame the Iraq war. That is only one source.
Im sure when the big companies have been satisfied with enough profit, you will see the 'miraculous' introduction of alternative fuel cars by governments everywhere!
Conventional wisdom is supply and demand.
The US used to be the major consumer of oil. Now that other global economies have become more affluent, the US is no longer the major consumer. Both China and India are major consumers of petroleum, therefore the demand is higher.
Gasoline has been over $8/gallon in Europe for over a year. The US is catching up to what the rest of the western world has been paying for gasoline for a long time.
Iraq, which George Bush decided would be a good idea to invade, supplied a fair amount of oil, and the terrorists and militants decided to blow up the oil pumps/extractors.
Suppy and Demand. Hate to tell you, but welcome to the new ';Normal';.
More people worldwide want it, and more of it. When people stop wanting it, the price will have to come down.
the reason why the price of oil has increased is because the world is going dry with oil so the less we have the more it cost
This is the new normal , it's all about greed...
Crude oil price, why do rumors of wars change it dramatically?
In the Middle East, why is it that when there is a rumor (not an actual) of war, as in the tension between the Brits and Iran today over the 15 captured marines and soldiers, oil prices spike even if there is no real war and no actual disruption to production or delivery? Supply remains the same: demand remains steady, and yet prices skyrocket! Finally, once an issue is resolved, the prices remain high for an extended period, while the first hint of a war or tension, prices jump quickly- why is this?
Serious answers and conspiracy theories welcome! Thanks a million!Crude oil price, why do rumors of wars change it dramatically?
one reason is that it takes so much more oil to run a military - aircraft - armour - troop transports - naval vessels. So if there is the possibility of war then the demand will go up from the warring states and those that support them. That effects the price on the market,
another is that if the war is going to be in a country with oil refinerys and oil wells then the supply lines of oil themselves may get hit or be targets. This increases the risk of loss and the price goes up.Crude oil price, why do rumors of wars change it dramatically?
a great honour to have Einstein choose my answer as best. When the war may involve modern military such as the U. K or U.S then the prices will soar. If it were two African nations or South American nations then the prices would not increase as much. Report Abuse
Imagine a clock. Everything that is part of it, is performing a specific function. And cannot do anything else, as long as it is preserved as a part of this structure. In other words it is SET this way, because someone (as if it were) has decided so. It is likewise with the wars and the rumours of wars.
speculation, buy on the rumor sell on the news.
Seems to me the bottom feeders and blood suckers willuse any excuse to sqeeze you.
Sounds like a dag gone mafia to me.
Serious answers and conspiracy theories welcome! Thanks a million!Crude oil price, why do rumors of wars change it dramatically?
one reason is that it takes so much more oil to run a military - aircraft - armour - troop transports - naval vessels. So if there is the possibility of war then the demand will go up from the warring states and those that support them. That effects the price on the market,
another is that if the war is going to be in a country with oil refinerys and oil wells then the supply lines of oil themselves may get hit or be targets. This increases the risk of loss and the price goes up.Crude oil price, why do rumors of wars change it dramatically?
a great honour to have Einstein choose my answer as best. When the war may involve modern military such as the U. K or U.S then the prices will soar. If it were two African nations or South American nations then the prices would not increase as much. Report Abuse
Imagine a clock. Everything that is part of it, is performing a specific function. And cannot do anything else, as long as it is preserved as a part of this structure. In other words it is SET this way, because someone (as if it were) has decided so. It is likewise with the wars and the rumours of wars.
speculation, buy on the rumor sell on the news.
Seems to me the bottom feeders and blood suckers willuse any excuse to sqeeze you.
Sounds like a dag gone mafia to me.
Should I lock in my fuel oil prices this year? Do you think the current price of no2 fuel oil will go down?
Do you think the price will drop reasonablely as we reach summer here in the northeast?Should I lock in my fuel oil prices this year? Do you think the current price of no2 fuel oil will go down?
Too many speculators in the market for any appreciable price decline.
Too many speculators in the market for any appreciable price decline.
Will there be another crude oil price hike?
As the whole world knows; that the previous crude oil price hike is because of investors buying the commodity due to weakening US structure %26amp; Bush policies (invading Iraq %26amp; meddling with Iran). At one point, it rose to $145 per barrel. Now, the bubble bursts and the current price is below $55 per barrel. Will there be a second bubble in the near future?Will there be another crude oil price hike?
There will be an increase in price in the future. In the next six months we will price anywhere between $80.00 to $100.00 a barrel. Will there be another crude oil price hike?
I usually have strong opinions, but I think this one is hard to call. It will probably live or die with the US economy. If Obama can snap us out of our sinking feeling, oil could rise. But it seems more likely that he will try traditional democratic economics and drive us into a major depression. Things like his oil windfall tax will make it even worse.
Yes. And when it comes it will be a ';surprise'; like all the other ones. Let's face it. The US is an energy pig. We've gotten away with it because we were the only one, or at least the only big one. Now China, India and Brazil are developing into huge economies and want energy.
lol
There will be an increase in price in the future. In the next six months we will price anywhere between $80.00 to $100.00 a barrel. Will there be another crude oil price hike?
I usually have strong opinions, but I think this one is hard to call. It will probably live or die with the US economy. If Obama can snap us out of our sinking feeling, oil could rise. But it seems more likely that he will try traditional democratic economics and drive us into a major depression. Things like his oil windfall tax will make it even worse.
Yes. And when it comes it will be a ';surprise'; like all the other ones. Let's face it. The US is an energy pig. We've gotten away with it because we were the only one, or at least the only big one. Now China, India and Brazil are developing into huge economies and want energy.
lol
Crude oil price reduced to 50$ but why still indians pay for old 140$?
Price of crude oil reduces to 50 from 140.
But still our governments are not ready to reduce the price of petrol or gas.
More fun no opposition party is raising a voice?
Because they have played batter drama before.
But for simple reasons they will create violence.What we can understand from this?
Who can help us?
Crude oil price reduced to 50$ but why still indians pay for old 140$?
The Govt is still paying subsidy with the new price level, of course at $150-level the subsidy burden was unusually high. Lets give our Govt a chance to recover from the huge subsidy burden.Crude oil price reduced to 50$ but why still indians pay for old 140$?
Because the successive Indian Governments did not increase the price of Petroleum products when they were selling at from about $60 to 150 and kept the price constant for the fear of becoming unpopular. Both NDA and UPA were responsible for this anomaly and hence the Government and oil marketing companies had to lose heavily because of this. Now when the price is reduced internationally these companies are still recuperating and adjusting the losses.
Governments should not control the prices and should leave it to the companies as when price goes up people will automatically reduce the consumption and vice versa.
You have given lot of price details and hence YOU should know the real facts also about the petroleum prices. Even today the oil marketing companies are loosing money in Gas and Kerosene sails.
I feel, it would be better to raise this question to the Harward Univercity Economists of India (Yes, exactly, PM %26amp; FM of India). But, I can say, you will get the answer from them as, There is an Election in progress, and those needs to be finished by Election commission. Till then, they could not do anything.
Ofcourse, this is obvious, but, immediately after that, EC will announce the General Public election for India.
Indian Finance Minister %26amp; Pria Minstter are to quolifin
for whats time whats do?
if price crude rs. 100 up ove all part's and all members are say price incresses But why not all members say price decreasses?
Iam Account officer
My sujection to F.M. pls. Sir this is oill per lt. profit are adjusted %26amp; seteel gus grant and iam say to govt. pls. off all grants of gus.
and no need decreass price But profit of crud are Same Fund vreated for every bachlor's are not give jod Or same salry for your living life.
they are making the project to adjust the loss which accur in the past. and they are putting lot of taxes for refine.
But still our governments are not ready to reduce the price of petrol or gas.
More fun no opposition party is raising a voice?
Because they have played batter drama before.
But for simple reasons they will create violence.What we can understand from this?
Who can help us?
Crude oil price reduced to 50$ but why still indians pay for old 140$?
The Govt is still paying subsidy with the new price level, of course at $150-level the subsidy burden was unusually high. Lets give our Govt a chance to recover from the huge subsidy burden.Crude oil price reduced to 50$ but why still indians pay for old 140$?
Because the successive Indian Governments did not increase the price of Petroleum products when they were selling at from about $60 to 150 and kept the price constant for the fear of becoming unpopular. Both NDA and UPA were responsible for this anomaly and hence the Government and oil marketing companies had to lose heavily because of this. Now when the price is reduced internationally these companies are still recuperating and adjusting the losses.
Governments should not control the prices and should leave it to the companies as when price goes up people will automatically reduce the consumption and vice versa.
You have given lot of price details and hence YOU should know the real facts also about the petroleum prices. Even today the oil marketing companies are loosing money in Gas and Kerosene sails.
I feel, it would be better to raise this question to the Harward Univercity Economists of India (Yes, exactly, PM %26amp; FM of India). But, I can say, you will get the answer from them as, There is an Election in progress, and those needs to be finished by Election commission. Till then, they could not do anything.
Ofcourse, this is obvious, but, immediately after that, EC will announce the General Public election for India.
Indian Finance Minister %26amp; Pria Minstter are to quolifin
for whats time whats do?
if price crude rs. 100 up ove all part's and all members are say price incresses But why not all members say price decreasses?
Iam Account officer
My sujection to F.M. pls. Sir this is oill per lt. profit are adjusted %26amp; seteel gus grant and iam say to govt. pls. off all grants of gus.
and no need decreass price But profit of crud are Same Fund vreated for every bachlor's are not give jod Or same salry for your living life.
they are making the project to adjust the loss which accur in the past. and they are putting lot of taxes for refine.
How does a airlines company hedge with rising oil price? Will the airlines industry tumble? Can we buy ';value';
Airlines hedge against higher oil prices by buying futures contracts. A futures contract is an agreement to buy a certain commodity (in this case oil) at a certain price at a certain time in the future. By buying oil futures contracts, airlines are able to lock-in the price that they will pay for oil in the future.
By the way, oil futures prices are high and they indicate that the market is expecting tight oil supplies in the future.How does a airlines company hedge with rising oil price? Will the airlines industry tumble? Can we buy ';value';
1. Airlines company can hedge by promising to buy a certain quantity of fuel in future at a designated price. Through this they are safeguarding themselves against future rise in the oil prices. In case, the prices fall, the company looses but still it is a good strategy to mitigate the risk of oil price increase.
A company can further hedge itself against the abovementioned risk (of prices of future oil falling) by dealing in oil futures options in the commodities market.
2. What industry - the american airlines industry, the european airlines industry, the asian low cost airlines industry, or the asian conventional airlines industry?
Airlines industry is extremely competitive and hardly gives a good profit margin for most competitors. A lot of lowcost airlines have come and gone. Definitely some airlines will be affected by the prices in future. There will always be winners and losers, and maybe more losers than winners.
3. ??? I didn't understand.How does a airlines company hedge with rising oil price? Will the airlines industry tumble? Can we buy ';value';
A few of them bought aircraft fuel futures. The agree to buy x thousand gallons for x dollars. Even though most will increase fares anyway they can, temporarily layoff some of their staff, and ground / lease to others some of their planes (often those that burn more fuel). Even those who boutht fuel futures will raise their fares if the other airlines did also. Unfortunately, this method often causes the airline to spiral downwards even more.
no now they are just charging us for each piece of baggage that we check....they are saying that now it will just be cheaper for people to UPS their luggage to avoid this BS they are pulling!
By the way, oil futures prices are high and they indicate that the market is expecting tight oil supplies in the future.How does a airlines company hedge with rising oil price? Will the airlines industry tumble? Can we buy ';value';
1. Airlines company can hedge by promising to buy a certain quantity of fuel in future at a designated price. Through this they are safeguarding themselves against future rise in the oil prices. In case, the prices fall, the company looses but still it is a good strategy to mitigate the risk of oil price increase.
A company can further hedge itself against the abovementioned risk (of prices of future oil falling) by dealing in oil futures options in the commodities market.
2. What industry - the american airlines industry, the european airlines industry, the asian low cost airlines industry, or the asian conventional airlines industry?
Airlines industry is extremely competitive and hardly gives a good profit margin for most competitors. A lot of lowcost airlines have come and gone. Definitely some airlines will be affected by the prices in future. There will always be winners and losers, and maybe more losers than winners.
3. ??? I didn't understand.How does a airlines company hedge with rising oil price? Will the airlines industry tumble? Can we buy ';value';
A few of them bought aircraft fuel futures. The agree to buy x thousand gallons for x dollars. Even though most will increase fares anyway they can, temporarily layoff some of their staff, and ground / lease to others some of their planes (often those that burn more fuel). Even those who boutht fuel futures will raise their fares if the other airlines did also. Unfortunately, this method often causes the airline to spiral downwards even more.
no now they are just charging us for each piece of baggage that we check....they are saying that now it will just be cheaper for people to UPS their luggage to avoid this BS they are pulling!
What can you say about the issue of oil price edge higher in Asian Trade?
Please help me to answer this question for my projectWhat can you say about the issue of oil price edge higher in Asian Trade?
Your best bet will be the Homework Section.
best of luck to you!mascara
Your best bet will be the Homework Section.
best of luck to you!
How does it affects the world business? the oil price increase in the world market?
guys i need specific examples please.. if you know a good web page for that i would highly appreciate it! help! it's my assignment. thank you. God blessHow does it affects the world business? the oil price increase in the world market?
negatively. By causing consumers to pay more for oil (inelastic demand) it causes people to spend more on it thus reducing disposable income.
negatively. By causing consumers to pay more for oil (inelastic demand) it causes people to spend more on it thus reducing disposable income.
Is there a connection between crude oil prices and the price of gas at local gas stations?
Obviously.
The higher the price of crude oil, the higher the price of gasoline.
The more the store owner has to pay for gasoline to sell, the higher the price he or she will charge the consumer. Its the opposite when the price is lower.Is there a connection between crude oil prices and the price of gas at local gas stations?
seriously?? well of course. gasoline is a by-product of crude oil. therefore, oil and gasoline proces almost always move up or down together
The higher the price of crude oil, the higher the price of gasoline.
The more the store owner has to pay for gasoline to sell, the higher the price he or she will charge the consumer. Its the opposite when the price is lower.Is there a connection between crude oil prices and the price of gas at local gas stations?
seriously?? well of course. gasoline is a by-product of crude oil. therefore, oil and gasoline proces almost always move up or down together
If the oil price go down,will if affect housing price in BC?
I've heard an analysis about oil price will down to $100 and then around $88 sth.Will it affect housing price in BC? If it happen, should buy or rent?If the oil price go down,will if affect housing price in BC?
Typically oil prices don't have that big an effect on housing prices. The exception is when the oil industry is really big in that area (not sure if BC has a big oil industry or not) but even if that is the case, I personally doubt it would have such a huge effect considering that oil prices were $20 or so 8 years ago.
Typically oil prices don't have that big an effect on housing prices. The exception is when the oil industry is really big in that area (not sure if BC has a big oil industry or not) but even if that is the case, I personally doubt it would have such a huge effect considering that oil prices were $20 or so 8 years ago.
Why is the oil price rising?
Why is the oil price rising? Are these guys raising the oil prices just to suck the juices out of other nations that do not have oil reserve?Why is the oil price rising?
It's very simple really. It's called greed. We are nearing the end of the term for our two oil men in office and since they can't run again,now is the perfect time for the greedy oil companies to see how much profit they can run up while their two men are in office.
If you remember , Dick Cheney had the oil companies come to the white house and draw up an energy plan for the country.. You are seeing the results of that energy plan right now in the price of oil headed for $5 a gallon. Dick Cheney gets one million dollars a year in retirement benefits from Haliburton ( a major player in the oil industry, not to mention the Iraq war) I would say that they got a very good investment on their million dollars a year. wouldn't you?Why is the oil price rising?
As the value of the dollar sinks the prices go up, it is known as inverse economics.
Apparently junior was out of class that day and doing a couple of ';lines';.
But then when someone mentioned the fact that the price of gasoline was approaching $4.00 a gallon a while ago he was confused. Oh well we get what we deserve when we vote into office an incompetent don't we.
Think when you go to vote in November. Friends do NOT let friends vote republican.
Even a caveman knows that, now you do as well.
Democrat Pelosi promised to lower gas prices 2 years ago if we elected a Democrat congress. Go figure, they are all politicians like Hillary and lie.
It is simply greed, greed and then more greed. Congress is about to raise taxes on gas again.
The only ones willing to help are McCain, Obama and Clinton if elected President, yea, right.
Because it can!
It is rising in large part because of Bush's failure to address economic interests in 7 years and limit out tax-base by giving tax-cuts to the wealthy, exactly those who do not need a tax-cut. They have plenty of shelters and write-offs while many people in this country file the EZ form and have NO write-offs at all. Now people who are making $160,000 a year are complaining about their $800.00 fuel bill to fill their oil tank! I could care less about them as 1/2 of America makes less than $30,000 a year!
Thanks to Bush, our dollar fell on the market 10% last month so your dollar buys less!
Because China is willing to pay more for it and BUSH wont do **** to drill around here. We are so dependent on every other nation its sick. Were spending millions to fix other countries while our country is on a short fuse of economic depression.
Supply and demand. The price of oil is set on the world market..............trading in futures. You've seen nothing yet as those futures which were traded have not yet been felt on our gas pump prices.
The demand for oil is rising. We get our oil from foreign countries, and so they can pretty much charge whatever they want knowing that we'll pay. That's why we should start processing fuel here.
Maybe it's running out? who knows, it could be because the US president wants to make another bundle before he gets out of office, but it won't go back down.
Supply and demand. Also oil execs are greedy bastards.
Got it in one
Apparently Exxon's profits are not acceptable.
thst id correct shell made 14 billion last year and first quarter thsi year 7 billion thats 3.3million an hour
Bingo!
It's very simple really. It's called greed. We are nearing the end of the term for our two oil men in office and since they can't run again,now is the perfect time for the greedy oil companies to see how much profit they can run up while their two men are in office.
If you remember , Dick Cheney had the oil companies come to the white house and draw up an energy plan for the country.. You are seeing the results of that energy plan right now in the price of oil headed for $5 a gallon. Dick Cheney gets one million dollars a year in retirement benefits from Haliburton ( a major player in the oil industry, not to mention the Iraq war) I would say that they got a very good investment on their million dollars a year. wouldn't you?Why is the oil price rising?
As the value of the dollar sinks the prices go up, it is known as inverse economics.
Apparently junior was out of class that day and doing a couple of ';lines';.
But then when someone mentioned the fact that the price of gasoline was approaching $4.00 a gallon a while ago he was confused. Oh well we get what we deserve when we vote into office an incompetent don't we.
Think when you go to vote in November. Friends do NOT let friends vote republican.
Even a caveman knows that, now you do as well.
Democrat Pelosi promised to lower gas prices 2 years ago if we elected a Democrat congress. Go figure, they are all politicians like Hillary and lie.
It is simply greed, greed and then more greed. Congress is about to raise taxes on gas again.
The only ones willing to help are McCain, Obama and Clinton if elected President, yea, right.
Because it can!
It is rising in large part because of Bush's failure to address economic interests in 7 years and limit out tax-base by giving tax-cuts to the wealthy, exactly those who do not need a tax-cut. They have plenty of shelters and write-offs while many people in this country file the EZ form and have NO write-offs at all. Now people who are making $160,000 a year are complaining about their $800.00 fuel bill to fill their oil tank! I could care less about them as 1/2 of America makes less than $30,000 a year!
Thanks to Bush, our dollar fell on the market 10% last month so your dollar buys less!
Because China is willing to pay more for it and BUSH wont do **** to drill around here. We are so dependent on every other nation its sick. Were spending millions to fix other countries while our country is on a short fuse of economic depression.
Supply and demand. The price of oil is set on the world market..............trading in futures. You've seen nothing yet as those futures which were traded have not yet been felt on our gas pump prices.
The demand for oil is rising. We get our oil from foreign countries, and so they can pretty much charge whatever they want knowing that we'll pay. That's why we should start processing fuel here.
Maybe it's running out? who knows, it could be because the US president wants to make another bundle before he gets out of office, but it won't go back down.
Supply and demand. Also oil execs are greedy bastards.
Got it in one
Apparently Exxon's profits are not acceptable.
thst id correct shell made 14 billion last year and first quarter thsi year 7 billion thats 3.3million an hour
Bingo!
Are the Democrats responsible for high Oil price?
They control the Congress and what goes on. Oil was about $40 a barrel when we were fooled voting them into office and giving them control. Now its $130
';It aint BUSH he got NO POWER'; as it could be said.
When can we expect some Action on the Dems part to lower those prices for us poor working souls?
Gosh, whats your guess on Oil when Obama wins ?Are the Democrats responsible for high Oil price?
Just a dream. I dream he will fool everybody and fight to trigger a revolution toward all that is green. I pray he will pull in the nation's horns and call for a national all out effort ot restructure the energy business into competing companies and the next bill gates will be the one who comes up with the trully powerful, doable plan to make great strides torward energy independence. by any means neccsarry. that alone could make him a great president eligable for a second term. all the rest is bull. that would have a profound affect on the economy and coould become a national obssession like the moom mission and nasa.that would be the bedrock program for both stabalising the economy and giveing everybody a worthy cause. plain and simple. put the big bet on that one.windmills, solar panels, new kinds of cars, infrastructure redesign, trains even steam and nuclear. got after it like a damn moon shot. more of the same will just fizzle and make things worse. this must be a mobilzation of the people to change this damn opec crud, once and for all.Are the Democrats responsible for high Oil price?
Its the environmentalists in Washington who have caused the energy crisis, they refuse to go energy independent, and the environmental wackos refuse to allow us to drill in our own country for oil and natural gas.. We are sitting on billions of barrels but the environmentalists starting with the Clinton administration have blocked any access.
Supply and demand, China and India are developing countries who have an insatiable thirst for gas. They are finally on the verge of huge expansion. THIS is causing a huge pressure on demand. Market speculators are also buying up oil in the open market. And lastly, the falling dollar which is tied to oil, because oil is traded in dollars not euros is also causing the pressure up. Also the speculators trading up the oil futures are creating higher prices.
Their are no easy solutions, but a combination of them. Brazil will be energy independent in just a few years, they got on the ball and had an energy policy that is working very good for them. If we would have done the same, 10 years ago, prices would be much lower. As long as we continue to rely on the middle east and refuse to explore here, we will be at the mercy of the open markets, hope this helps.
If Obama wins expect higher gas prices.
Oil was between $60.00 ant $70.00 when the Democratic congress took over. It started rising dramatically about a year and a half ago. What specifically do you think congress did or did not do to cause oil prices to rise?
I can tell you for sure that the deficit and spend policies of the previous republican congress and the republican administration play a role in this. Our currency is devalued, and printing money without collecting taxes contributes to this.
Neither the Congress or the president has the right to set prices. (Nixon tried it in the 70's and look how he is remembered.) The price of oil is simply the effect of the law of supply and demand. China and India and other developing countries are expanding the demand for oil, and OPEC and the other countries are holding down the supply.
The best solution, for both keeping prices in line, and for making the US more energy independent, is for us to produce more oil. The Democrats, influenced by the environmentalists, have prevented us from drilling for our own oil and building our own refineries. And before you tree-huggers out there claim that it'll ruin the environment, look at how responsible US companies are as compared to foreign countries. And those who say it'll take 10 years for us to see any oil from ANWR or new refineries, I have to ask you, ';Aren't we going to need oil then?'; And if, heaven forbid, the Middle East blows up or refuses to sell us oil, we need to have our own supply, or $4 gas will look cheap.
Well, they could be responsible for opening up some of the areas that are off-limits to drilling.
We have 86 BILLION barrels of crude oil in American territory that enviro-terrorists and Democrats have made absolutely inaccessible to drilling. While it would take some time, oil independence is crucial to bringing down the prices we pay. There will be a major recession or depression if something is not changed very soon.
its not just democrats neccessirly that has resulted in high gas prices.
1.supply and demand=there is alot of demand and little supply(or so were told)
2.lack of refineries=we havent built a new oil refinery in the united states in 30 years.
3.the falling value of the dollar compared to euro and yen has caused us to have to pay more per barrel.so in theory if we can fix our mortgage crisis and get our economy growing again the dollar would gain value and the price pere barrel would decrease.
Obama will take us out of the poor-house, and put us in the poverty-stricken house. He doesn't understand squat about the economic workings of our country, corporations, and the working class - and how everything works together.
His obsession with division, separation, and unfair burdens placed on select companies and individuals - - - - will throw this country into a deep depression.
Obama = Disaster
Price of gas will go up no matter who wins.
How come the price of gas is so high in Europe and Asian countries? stop blaming any party..And by the way..the war in Iraq is OUR war and not just Bush's war as the Congress voted for this war...Democrats and Republicans..I have lost all respect for Democrats for being weasels and saying they did not mean to vote for the war....fess up..both parties came together on this issue...support the troops and support the USA..
For the past 20 years there have been attempts to do more domestic drilling and to build new refineries to increase the supply. They have always stopped them. That is a contributing factor.
There has been a great increase of the world wide demand for oil, especially with the booming economies of China and India. That is another factor.
It's all ';W'; and his stupid War! That's why the Traders are going to town! All you gotta do is pay attention! Be a Hard Thinker! Sit Down an Try it sometime! They are not even Covering it up very good at all! Obama pulls us out of IRAQ, and you can bet ';Somebody'; has got to start some S*%T, somewhere in the Middle East, or the Oil prices are going to drop like bad habits! It could go either way! Sucks Don't it!
NO they are not and neither are the republicans you have to get a grip and find out what is going on its the people that won't let us drill here in the U.S. such places as Color. state, few others but they will be sooner then you think and the we'll be fine. to heck with the saudias.
No, the public is responsible for high oil prices - SUVs, oversized house, use of plastic (a petroleum product) etc. We use 25 barrels per person a year. The next in line is China at 3 barrels.
Why are people so STUPID and don't realize we don't control the price of oil.
Blame india and china for their booming economy and blame the weak dollar
if the dollar wasn't so weak, gas would be cheaper.
Simple: Drill for more oil, more supply thus, lower prices.
So, I would have to say that the demorats are the problem for not allowing further drilling in the US.
Obviously.
They say gas causing ';global warming'; and no one wants that.
And they proposed something to congress that doubled gas in England.
Stupid democrats.
Ever hear of something called supply and demand? The US dollar is extremely weak because of the president you voted for. It's amazing how ignorant people can be.
I voted for CHANGE when I elected Democratics to Congress in 2006. I got change back from my four $20 bills when I filled my car up yesterday.
80% of the price increase in oil is due to inflation(i.e. a weaker dollar).
The dems and repubs both get the blame for that.
Yes they are. My guess is he will ban oil, because crude oil is black, which could be considered offesive to blacks.
Yes Democrats screw everything up so vote for john McCain
Yes! Their the reason were not drilling in this country and don't us enough nuclear power! Just look at what the socialist are doing in Europe.
THEY ARE NOT RESPONSIBLE FOR THE HIGH GAS PRICES
dems are only a small part of the probelm
The main reason is the weakening US dollar
Not really... I think it's because OPEC decided that they wanted to pump less oil and gain more money.
yes
The republican plan is working to perfection,and once they let Obama win the presidency,Bush will declare martial law and stay in office...or...things will get so horrible they will hand Obama the keys and make everything appear to be his fault.much Like Carter in the 70s....The republicans Filibuster everything that might help lower prices,and then there are a few dems who are owned by big oil,so of course they want to keep their buddies happy and vote against anything that would lower prices.Face it..Oil will continue to go up and up,eventually I see gas at around 50 bucks a gallon so that only those with huge bank accounts can drive,the oil companies dont care where the money comes from.The only problem is that the price of food and everything else will skyrocket as well and the democrats will get the blame,even though it was the assinine republican policies that got us here,we need 60 dems in the senate,and to do away with those dems who vote in favor of big oil,otherwise you might as well buy a nice bike now
the trick is to get everyone to buy electric hybrid cars.
sales are slow on these models.
to remove the v8 gas guzlers too.
to sell more economy cars.
and for the fat cats in oil to fill their pockets.
No, your president's war is.
';It aint BUSH he got NO POWER'; as it could be said.
When can we expect some Action on the Dems part to lower those prices for us poor working souls?
Gosh, whats your guess on Oil when Obama wins ?Are the Democrats responsible for high Oil price?
Just a dream. I dream he will fool everybody and fight to trigger a revolution toward all that is green. I pray he will pull in the nation's horns and call for a national all out effort ot restructure the energy business into competing companies and the next bill gates will be the one who comes up with the trully powerful, doable plan to make great strides torward energy independence. by any means neccsarry. that alone could make him a great president eligable for a second term. all the rest is bull. that would have a profound affect on the economy and coould become a national obssession like the moom mission and nasa.that would be the bedrock program for both stabalising the economy and giveing everybody a worthy cause. plain and simple. put the big bet on that one.windmills, solar panels, new kinds of cars, infrastructure redesign, trains even steam and nuclear. got after it like a damn moon shot. more of the same will just fizzle and make things worse. this must be a mobilzation of the people to change this damn opec crud, once and for all.Are the Democrats responsible for high Oil price?
Its the environmentalists in Washington who have caused the energy crisis, they refuse to go energy independent, and the environmental wackos refuse to allow us to drill in our own country for oil and natural gas.. We are sitting on billions of barrels but the environmentalists starting with the Clinton administration have blocked any access.
Supply and demand, China and India are developing countries who have an insatiable thirst for gas. They are finally on the verge of huge expansion. THIS is causing a huge pressure on demand. Market speculators are also buying up oil in the open market. And lastly, the falling dollar which is tied to oil, because oil is traded in dollars not euros is also causing the pressure up. Also the speculators trading up the oil futures are creating higher prices.
Their are no easy solutions, but a combination of them. Brazil will be energy independent in just a few years, they got on the ball and had an energy policy that is working very good for them. If we would have done the same, 10 years ago, prices would be much lower. As long as we continue to rely on the middle east and refuse to explore here, we will be at the mercy of the open markets, hope this helps.
If Obama wins expect higher gas prices.
Oil was between $60.00 ant $70.00 when the Democratic congress took over. It started rising dramatically about a year and a half ago. What specifically do you think congress did or did not do to cause oil prices to rise?
I can tell you for sure that the deficit and spend policies of the previous republican congress and the republican administration play a role in this. Our currency is devalued, and printing money without collecting taxes contributes to this.
Neither the Congress or the president has the right to set prices. (Nixon tried it in the 70's and look how he is remembered.) The price of oil is simply the effect of the law of supply and demand. China and India and other developing countries are expanding the demand for oil, and OPEC and the other countries are holding down the supply.
The best solution, for both keeping prices in line, and for making the US more energy independent, is for us to produce more oil. The Democrats, influenced by the environmentalists, have prevented us from drilling for our own oil and building our own refineries. And before you tree-huggers out there claim that it'll ruin the environment, look at how responsible US companies are as compared to foreign countries. And those who say it'll take 10 years for us to see any oil from ANWR or new refineries, I have to ask you, ';Aren't we going to need oil then?'; And if, heaven forbid, the Middle East blows up or refuses to sell us oil, we need to have our own supply, or $4 gas will look cheap.
Well, they could be responsible for opening up some of the areas that are off-limits to drilling.
We have 86 BILLION barrels of crude oil in American territory that enviro-terrorists and Democrats have made absolutely inaccessible to drilling. While it would take some time, oil independence is crucial to bringing down the prices we pay. There will be a major recession or depression if something is not changed very soon.
its not just democrats neccessirly that has resulted in high gas prices.
1.supply and demand=there is alot of demand and little supply(or so were told)
2.lack of refineries=we havent built a new oil refinery in the united states in 30 years.
3.the falling value of the dollar compared to euro and yen has caused us to have to pay more per barrel.so in theory if we can fix our mortgage crisis and get our economy growing again the dollar would gain value and the price pere barrel would decrease.
Obama will take us out of the poor-house, and put us in the poverty-stricken house. He doesn't understand squat about the economic workings of our country, corporations, and the working class - and how everything works together.
His obsession with division, separation, and unfair burdens placed on select companies and individuals - - - - will throw this country into a deep depression.
Obama = Disaster
Price of gas will go up no matter who wins.
How come the price of gas is so high in Europe and Asian countries? stop blaming any party..And by the way..the war in Iraq is OUR war and not just Bush's war as the Congress voted for this war...Democrats and Republicans..I have lost all respect for Democrats for being weasels and saying they did not mean to vote for the war....fess up..both parties came together on this issue...support the troops and support the USA..
For the past 20 years there have been attempts to do more domestic drilling and to build new refineries to increase the supply. They have always stopped them. That is a contributing factor.
There has been a great increase of the world wide demand for oil, especially with the booming economies of China and India. That is another factor.
It's all ';W'; and his stupid War! That's why the Traders are going to town! All you gotta do is pay attention! Be a Hard Thinker! Sit Down an Try it sometime! They are not even Covering it up very good at all! Obama pulls us out of IRAQ, and you can bet ';Somebody'; has got to start some S*%T, somewhere in the Middle East, or the Oil prices are going to drop like bad habits! It could go either way! Sucks Don't it!
NO they are not and neither are the republicans you have to get a grip and find out what is going on its the people that won't let us drill here in the U.S. such places as Color. state, few others but they will be sooner then you think and the we'll be fine. to heck with the saudias.
No, the public is responsible for high oil prices - SUVs, oversized house, use of plastic (a petroleum product) etc. We use 25 barrels per person a year. The next in line is China at 3 barrels.
Why are people so STUPID and don't realize we don't control the price of oil.
Blame india and china for their booming economy and blame the weak dollar
if the dollar wasn't so weak, gas would be cheaper.
Simple: Drill for more oil, more supply thus, lower prices.
So, I would have to say that the demorats are the problem for not allowing further drilling in the US.
Obviously.
They say gas causing ';global warming'; and no one wants that.
And they proposed something to congress that doubled gas in England.
Stupid democrats.
Ever hear of something called supply and demand? The US dollar is extremely weak because of the president you voted for. It's amazing how ignorant people can be.
I voted for CHANGE when I elected Democratics to Congress in 2006. I got change back from my four $20 bills when I filled my car up yesterday.
80% of the price increase in oil is due to inflation(i.e. a weaker dollar).
The dems and repubs both get the blame for that.
Yes they are. My guess is he will ban oil, because crude oil is black, which could be considered offesive to blacks.
Yes Democrats screw everything up so vote for john McCain
Yes! Their the reason were not drilling in this country and don't us enough nuclear power! Just look at what the socialist are doing in Europe.
THEY ARE NOT RESPONSIBLE FOR THE HIGH GAS PRICES
dems are only a small part of the probelm
The main reason is the weakening US dollar
Not really... I think it's because OPEC decided that they wanted to pump less oil and gain more money.
yes
The republican plan is working to perfection,and once they let Obama win the presidency,Bush will declare martial law and stay in office...or...things will get so horrible they will hand Obama the keys and make everything appear to be his fault.much Like Carter in the 70s....The republicans Filibuster everything that might help lower prices,and then there are a few dems who are owned by big oil,so of course they want to keep their buddies happy and vote against anything that would lower prices.Face it..Oil will continue to go up and up,eventually I see gas at around 50 bucks a gallon so that only those with huge bank accounts can drive,the oil companies dont care where the money comes from.The only problem is that the price of food and everything else will skyrocket as well and the democrats will get the blame,even though it was the assinine republican policies that got us here,we need 60 dems in the senate,and to do away with those dems who vote in favor of big oil,otherwise you might as well buy a nice bike now
the trick is to get everyone to buy electric hybrid cars.
sales are slow on these models.
to remove the v8 gas guzlers too.
to sell more economy cars.
and for the fat cats in oil to fill their pockets.
No, your president's war is.
What is the amount of time between when crude oil prices spike to when you see a price increase at the pump?
Since prices travel at the speed of light, there is virtually no time lag at all between the rise in a barrell of oil and the cost per gallon of gas at the pump. Price DECREASES however, work in a different manner. When a barrel of oil goes down, the price of gasoline works its way ever so slowly around the entire universe before arriving at the pump, at which time it has already been replaced by the quicker price increase.What is the amount of time between when crude oil prices spike to when you see a price increase at the pump?
Not directly related - oil refineries enter into the equation also. If they shut down for maintenance, gasoline production falls while demand remains the same - forcing up prices. Now gas prices are coming down a bit because some oil refineries are coming back into production after being shut down for repiars for a few monthsWhat is the amount of time between when crude oil prices spike to when you see a price increase at the pump?
0 days for pump to rise when oil goes up. 1000 days or more or never if it drops.mascara
Not directly related - oil refineries enter into the equation also. If they shut down for maintenance, gasoline production falls while demand remains the same - forcing up prices. Now gas prices are coming down a bit because some oil refineries are coming back into production after being shut down for repiars for a few monthsWhat is the amount of time between when crude oil prices spike to when you see a price increase at the pump?
0 days for pump to rise when oil goes up. 1000 days or more or never if it drops.
What goes up in price when (crude) oil prices fall??
Hey there,
from an economic point of view; what goes usually up in value, when oil prices drop? Or in other words; what would you have to invest in if you believed that oil prices would drop...What goes up in price when (crude) oil prices fall??
The easiest way is to short-sell crude futures.
Correlation is 100%.
Edit: Refinery stocks don't go up when crude prices fall. If anything, they also fall. But if they are being valued like ';crack spread'; options, then their value is based on the difference between the crude and refined products.What goes up in price when (crude) oil prices fall??
probably the dollar. Because demand is not going to significantly drop enough lower the price of oil. Only thing I can see dropping the price of oil would be a strong dollar.
sadly crude oil dropped over 4 dollars a barrel this week and from Tuesday to today the gas prices where i am went up 6 cents to $4.32 for regular. So to answer when oil drop gas still goes up =(
Refinery stocks.
from an economic point of view; what goes usually up in value, when oil prices drop? Or in other words; what would you have to invest in if you believed that oil prices would drop...What goes up in price when (crude) oil prices fall??
The easiest way is to short-sell crude futures.
Correlation is 100%.
Edit: Refinery stocks don't go up when crude prices fall. If anything, they also fall. But if they are being valued like ';crack spread'; options, then their value is based on the difference between the crude and refined products.What goes up in price when (crude) oil prices fall??
probably the dollar. Because demand is not going to significantly drop enough lower the price of oil. Only thing I can see dropping the price of oil would be a strong dollar.
sadly crude oil dropped over 4 dollars a barrel this week and from Tuesday to today the gas prices where i am went up 6 cents to $4.32 for regular. So to answer when oil drop gas still goes up =(
Refinery stocks.
Why the oil price keep on increasing?
Here in the third world, we are hit hard by the increase in the price. Is there no any group that can do something?Why the oil price keep on increasing?
It takes great leadership on a national level to steer from OIL.
Promoting Worldwide incentives for a cure to our oil addiction in my opinion is the slogan - the 'war cry' of our generation.Why the oil price keep on increasing?
Supply %26amp; Demand = high prices
The supply is ';limited'; by locations and the ability of new sites to obtain oil.
The demand is vast by the growing population and China entering the market
While many view China as a reclusive country , they have billions of people - a growing base of economic wealth and the desire to buy up everything the world has to offer. At the moment that is high priced cars, buses , trucks and motorized bikes that all use oil based products. They are also willing to pay whatever it takes to get their share - so other countries are forced to pay more just to compete for what they used to get at a fair market value.
Oil is a finite commodity. We know that since latest 1960. There has not been any major find since 1980 and most old sites are getting dry.
The world burns through 28 million barrel a day from which , 16 million alone are burned by the USA.
Oil price will increase ultimately to the point, when there is nobody there to pay it anymore.
But instead getting independent from oil, the big nations love to war monger and waste time.
Here in the USA we're hit too because the Environmentalists have prevented any new capacity to refine crude from being developed for over 35 years. So far as the ';third world'; goes...if you've other resources that the Arabs want than your gov't should be using them as bargaining chips to get oil to refine. If you're not refining on your own than perhaps your country should develop a refining capacity of its own. GOOD LUCK!
No, because the people who own all the oil have more power than the government!
It takes great leadership on a national level to steer from OIL.
Promoting Worldwide incentives for a cure to our oil addiction in my opinion is the slogan - the 'war cry' of our generation.Why the oil price keep on increasing?
Supply %26amp; Demand = high prices
The supply is ';limited'; by locations and the ability of new sites to obtain oil.
The demand is vast by the growing population and China entering the market
While many view China as a reclusive country , they have billions of people - a growing base of economic wealth and the desire to buy up everything the world has to offer. At the moment that is high priced cars, buses , trucks and motorized bikes that all use oil based products. They are also willing to pay whatever it takes to get their share - so other countries are forced to pay more just to compete for what they used to get at a fair market value.
Oil is a finite commodity. We know that since latest 1960. There has not been any major find since 1980 and most old sites are getting dry.
The world burns through 28 million barrel a day from which , 16 million alone are burned by the USA.
Oil price will increase ultimately to the point, when there is nobody there to pay it anymore.
But instead getting independent from oil, the big nations love to war monger and waste time.
Here in the USA we're hit too because the Environmentalists have prevented any new capacity to refine crude from being developed for over 35 years. So far as the ';third world'; goes...if you've other resources that the Arabs want than your gov't should be using them as bargaining chips to get oil to refine. If you're not refining on your own than perhaps your country should develop a refining capacity of its own. GOOD LUCK!
No, because the people who own all the oil have more power than the government!
How Did The Increase In Oil Price Affect The Jordanian Economy?
give me names of wesites plz its important for my Bs desertationHow Did The Increase In Oil Price Affect The Jordanian Economy?
Try a QUALITY solution to your problem - go to the library and talk with a reference librarian. They're trained to help you with just this sort of question, they live for this stuff, and their services are FREEEEEEEE!!!!!!!How Did The Increase In Oil Price Affect The Jordanian Economy?
Bush is messing wit everyones economy...F-BUSH!
www.fbush.com
Try a QUALITY solution to your problem - go to the library and talk with a reference librarian. They're trained to help you with just this sort of question, they live for this stuff, and their services are FREEEEEEEE!!!!!!!How Did The Increase In Oil Price Affect The Jordanian Economy?
Bush is messing wit everyones economy...F-BUSH!
www.fbush.com
What is driving up oil price?
I am puzzled with what is driving up oil price from 50 to 150 dollar per barrel in less than 2 year's time. Isn't the occupation of Iraq and Afghanistan serve to secure oil supply? Some factors that I can think of are:
1. increasing demand from China and india
2. reducing OPEC production
3. weakening of dollar
4. problem of Iran
However, I still cannot the impact because none of the above factors have changed so drastically in the last 2 years. Where can I find good resources to analysis this problem?What is driving up oil price?
I think we have a higher demand for oil now. What is driving up oil price?
all of those contribute somewhat. also, dont forget to include overall inflation, and envirnmental concerns and regulations that make procuring and producing oil more expensive.
1. increasing demand from China and india
2. reducing OPEC production
3. weakening of dollar
4. problem of Iran
However, I still cannot the impact because none of the above factors have changed so drastically in the last 2 years. Where can I find good resources to analysis this problem?What is driving up oil price?
I think we have a higher demand for oil now. What is driving up oil price?
all of those contribute somewhat. also, dont forget to include overall inflation, and envirnmental concerns and regulations that make procuring and producing oil more expensive.
Could you tell me now oil price is decreased on world but why do indian government not decrease their price?
now on world level the oil prices is half than before. in india if increased
the indian government increase same time but now they don't take any action to decrease the oil price why.Could you tell me now oil price is decreased on world but why do indian government not decrease their price?
Firstly, Crude prices are in dollar
Earlier - Dollar was Rs.40 and crude price was Rs.117 Total = Rs.3900(115x40)
Now - Dollar is Rs.50 and crude price is Rs.75 - 80 Total = Rs.3800
(75x50)
So, they dont care...
Secondly, the time when the crude prices were high the petrol companies had huge loss. Now the crude prices are low they are having profit and which is compensating the loss.
Thirdly, the Indian government is CRUEL and GREEDY !!Could you tell me now oil price is decreased on world but why do indian government not decrease their price?
It is idiotic of the Congress Govt. and a stupid stubborn Mani Shanker Aiyer, Petroleum minister, who is holding the price.It is noteworthy that Crude @$137 a barrel = Petrol cost Rs.32/50 in Delhi, rest all is tax.The cause of inflation is raising fuel cost which increases freight, transportation etc. which the Congress government says is 'fighting'.How are they fooling?
so that the hypocritical self important egotist of politicians can go on more junkets and spend more from our money that's why..
only the Indian finance minister P. Chidambaram can answer you and he is not here on Yahoo Answers !
It costs a lot to transfer the fuel from gulf to india.
more of a capitalist totalitarian government - answers to big business more
the indian government increase same time but now they don't take any action to decrease the oil price why.Could you tell me now oil price is decreased on world but why do indian government not decrease their price?
Firstly, Crude prices are in dollar
Earlier - Dollar was Rs.40 and crude price was Rs.117 Total = Rs.3900(115x40)
Now - Dollar is Rs.50 and crude price is Rs.75 - 80 Total = Rs.3800
(75x50)
So, they dont care...
Secondly, the time when the crude prices were high the petrol companies had huge loss. Now the crude prices are low they are having profit and which is compensating the loss.
Thirdly, the Indian government is CRUEL and GREEDY !!Could you tell me now oil price is decreased on world but why do indian government not decrease their price?
It is idiotic of the Congress Govt. and a stupid stubborn Mani Shanker Aiyer, Petroleum minister, who is holding the price.It is noteworthy that Crude @$137 a barrel = Petrol cost Rs.32/50 in Delhi, rest all is tax.The cause of inflation is raising fuel cost which increases freight, transportation etc. which the Congress government says is 'fighting'.How are they fooling?
so that the hypocritical self important egotist of politicians can go on more junkets and spend more from our money that's why..
only the Indian finance minister P. Chidambaram can answer you and he is not here on Yahoo Answers !
It costs a lot to transfer the fuel from gulf to india.
more of a capitalist totalitarian government - answers to big business more
What are the good effects of Oil Price Hike?
Please answer this question briefly.What are the good effects of Oil Price Hike?
It is definately good for CLIMATE! :)
and It is great for oil exporting countries' economy and developmentWhat are the good effects of Oil Price Hike?
+ It's a matter of perspective: an oil price hike is excellent for oil producing countries and oil companies - it increases their profits.
+ It will force the rest of us to focus on how we spend what used to be a plentiful and dirt cheap non-renewable resource and consider alternative cleaner and possibly more efficient energy sources, reducing our dependency on petroleum.
conservation and saving the enviorment, obese people are starting to walk and loose weight, and best of all inventors are starting to get back to the drawing board and come up with alternative modes of transportation.
one good effect i found was that some manufacturing has come back to the US. that is what we need. we have become more of a service economy which is not good for our country.
More bicycle and public transportation use due to insane gas prices. It costs too much, we're looking for alternative ways.
If you own stock in the oil companies.
less affordability to declare war
None for me.
usage may go down and people %26amp; govt will think and develop alternate fuel
fewer co2 emmisions, I suppose coz people won't drive as much.mascara
It is definately good for CLIMATE! :)
and It is great for oil exporting countries' economy and developmentWhat are the good effects of Oil Price Hike?
+ It's a matter of perspective: an oil price hike is excellent for oil producing countries and oil companies - it increases their profits.
+ It will force the rest of us to focus on how we spend what used to be a plentiful and dirt cheap non-renewable resource and consider alternative cleaner and possibly more efficient energy sources, reducing our dependency on petroleum.
conservation and saving the enviorment, obese people are starting to walk and loose weight, and best of all inventors are starting to get back to the drawing board and come up with alternative modes of transportation.
one good effect i found was that some manufacturing has come back to the US. that is what we need. we have become more of a service economy which is not good for our country.
More bicycle and public transportation use due to insane gas prices. It costs too much, we're looking for alternative ways.
If you own stock in the oil companies.
less affordability to declare war
None for me.
usage may go down and people %26amp; govt will think and develop alternate fuel
fewer co2 emmisions, I suppose coz people won't drive as much.
What are some energy stock/ETF symbols that reflects oil price in East Asia?
What are some energy stock/ETF symbols that reflects oil price in East Asia ?
--------------------------------------鈥?br>
i麓m looking for the symbol of an ETF which, like USO, tracks oil - not in the US, but which reflects oil price in East Asia
Could you please tell me the symbol of that ETF I麓m looking for? And which energy stocks/ETF recorded in the past 2 years a value loss that is over 10 times its current value ?What are some energy stock/ETF symbols that reflects oil price in East Asia?
USO tracks world pricing, it is known as the uso since we came up with it. If you establish one you can call it whatever you like.
--------------------------------------鈥?br>
i麓m looking for the symbol of an ETF which, like USO, tracks oil - not in the US, but which reflects oil price in East Asia
Could you please tell me the symbol of that ETF I麓m looking for? And which energy stocks/ETF recorded in the past 2 years a value loss that is over 10 times its current value ?What are some energy stock/ETF symbols that reflects oil price in East Asia?
USO tracks world pricing, it is known as the uso since we came up with it. If you establish one you can call it whatever you like.
How low do you think the price oil will drop?
The price of crude oil has dropped by dollars each day for almost a week. I think it's down to about $124.44 a barrell right now. How low do you think it will go before it starts to hold steady or go back up? I think it may get down to $110's, but not much more than that. I'm just guessing. Does anybody have more educated insight?How low do you think the price oil will drop?
I've read as low as $80 a barrel, but there doesn't seem to be anyone seriously suggesting it can go much below that. It's going to remain volatile as long as there is saber rattling in the Persian Gulf, no telling when that will end. Even if it does end a good part of the rise is due to ever increasing demand from Asia, and limited new oil finds. There hasn't been a killer discovery like Alaska/Gulf of Mexico/North Sea for decades..and not for want of looking.How low do you think the price oil will drop?
I have heard some liberals/democrats screaming and complaining now that Bush is lowering the price of gas. Complaining over that. Saying hes lowering it to make the republicans look good for McCains sake.
Crazy stuff.
I think it will get down to around 90-100.
It needs to drop it's ridiculous
It's probably drop to about $110 a barrel and then go back up.
not low enough
some where about 10 to 20%
My money's on it going back up again and reaching $200 a barrel.
I've read as low as $80 a barrel, but there doesn't seem to be anyone seriously suggesting it can go much below that. It's going to remain volatile as long as there is saber rattling in the Persian Gulf, no telling when that will end. Even if it does end a good part of the rise is due to ever increasing demand from Asia, and limited new oil finds. There hasn't been a killer discovery like Alaska/Gulf of Mexico/North Sea for decades..and not for want of looking.How low do you think the price oil will drop?
I have heard some liberals/democrats screaming and complaining now that Bush is lowering the price of gas. Complaining over that. Saying hes lowering it to make the republicans look good for McCains sake.
Crazy stuff.
I think it will get down to around 90-100.
It needs to drop it's ridiculous
It's probably drop to about $110 a barrel and then go back up.
not low enough
some where about 10 to 20%
My money's on it going back up again and reaching $200 a barrel.
Inflation has hit us due to oil price which is too high to bear, how can we make both ends meet?
cost of living soars to unbearable heights so with other basic ssential needs. how can we manage to keep track of it .Inflation has hit us due to oil price which is too high to bear, how can we make both ends meet?
2 jobs?
spend less?
i know the military prices are lower, maybe you can carpool with a military member to fill up your tank?
gas prices are getting smaller, slowly we just need to drill on our land
2 jobs?
spend less?
i know the military prices are lower, maybe you can carpool with a military member to fill up your tank?
gas prices are getting smaller, slowly we just need to drill on our land
Isn鈥檛 the market鈥檚 myopic focus on the oil price more than a little simplistic ? ?
No. Oil is a major source of energy, and the price of energy affects just about everything. For instance, when fuel prices went up this summer, so did the price of food and anything else that needed to be transported.
Rising prices affect economies in many ways.Isn鈥檛 the market鈥檚 myopic focus on the oil price more than a little simplistic ? ?
yea there ignoring all the complicated stuff
Rising prices affect economies in many ways.Isn鈥檛 the market鈥檚 myopic focus on the oil price more than a little simplistic ? ?
yea there ignoring all the complicated stuff
What does oil price have to do with relative (opportunity) cost?
The other forms of energy that we could use the money for, other than oil. By using oil, we give up other forms of energy.What does oil price have to do with relative (opportunity) cost?
No problem! Report Abuse
What does oil price have to do with relative (opportunity) cost?
As the prices rise that gives us the option to consider other forms of energy that we have before overlooked. Like wind, water and solar energy.
When prices on one product increase it gives lead to others to go out seeking something that is cheaper or other means that have not been given the thought of to explore.
So you see that over the years these forms have been neglected because of oil (opportunity cost of buying oil over alternative energy)
No problem! Report Abuse
What does oil price have to do with relative (opportunity) cost?
As the prices rise that gives us the option to consider other forms of energy that we have before overlooked. Like wind, water and solar energy.
When prices on one product increase it gives lead to others to go out seeking something that is cheaper or other means that have not been given the thought of to explore.
So you see that over the years these forms have been neglected because of oil (opportunity cost of buying oil over alternative energy)
What may possible reasons and impacts of crude oil price hike in india and international level?
crude oil price has touched the highest level even just considerable more demand growing in just double digit but the price reaching about more then 100% almost then previous same time.
so it was not in expectation of any economist and thus what and how are the possible profit pie of certain industry and economy structure of countries like INDIA?
Sumeet Patel
AhmedabadWhat may possible reasons and impacts of crude oil price hike in india and international level?
Today, a panel of energy of experts testified before the House Energy and House committee.
“Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135.”
http://www.marketwatch.com/news/story/ga…
Half of our money paid at pump goes to Wall Street speculators. And we can not hear or read main media reporting them. We are kept in the dark.What may possible reasons and impacts of crude oil price hike in india and international level?
reasons:
peak oil. Russia and North Sea oil wells are already peaked.
Gulf nations existing capacity is going to peak in 2 to 3 years from now.
Saudi oil output is salty oil, refineries are not equipped to process that oil, so Saudis increasing the output will not improve the situation.
Exploring new oil and productionalize takes 10 to 15 years.
Impacts:
Stagnation and inflation.
Modern life is heavily dependent on oil. Oil goes up, food and other prices go up. This will give rise to very high inflation.
Major portion of People's income will be spent on food, energy and transportation. Little money will be spent on luxury items, so corporations' businesses will contract. This will cause stagnation in economies of the world.
Inflation will rise exponentially in all the oil consuming nations. This leads to spiralled monetary measures by regulators leading to another round of dismay in the stock markets. With high inflation rates, the profit earnings of the companies also come down - the whole economy might see a bit of recession out of this.
I am playing big on oil trading. I’m from Morgan Stanly, or Goldman %26amp; Sachs, or any big firms on the Wall Street.
I bought millions and millions of barrels of oil when they cost $60--$100 a barrel. I expect to make a kill when I sell. But right now it’s only $135 a barrel. (Please tell nobody: one day on Jan. Goldman %26amp; Sachs traded a volume of barrels = US one years import in volume)
So here is my difficulty:
Congress is now investigating on oil speculation, I am afraid of being caught. But if I sell them right now, I would end up with little or no profit since the trading fees and hedge fund managing cost are not cheap.
I already request my agents send the spin out to the media, like: “Oil future looks high, expecting to be in the range of $200 a barrel soon. ” But it does not work price up as fast as I expected.
So my question is this: How do I corner the market price up in time so not to get caught by Congress.?
For your info: Prof. Michael Greenberger’s testimony before Senate makes me very nervous. He said: ‘If speculation were reined in and trading rules tightened, the cost of crude oil could drop 25 percent.” http://www.mcclatchydc.com/staff/les_blu…
My lobby firm can work Republican party to stall passing the laws, but I am not sure for how long. I am very fearful and worried. What are the options for me ? Please advise.
reasons
popoulation explosion
deforestation
exhaust from vehicles
exhaust from industries
and many more
impacts
acid rain
floods
drought
faminessalicylic acid
so it was not in expectation of any economist and thus what and how are the possible profit pie of certain industry and economy structure of countries like INDIA?
Sumeet Patel
AhmedabadWhat may possible reasons and impacts of crude oil price hike in india and international level?
Today, a panel of energy of experts testified before the House Energy and House committee.
“Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135.”
http://www.marketwatch.com/news/story/ga…
Half of our money paid at pump goes to Wall Street speculators. And we can not hear or read main media reporting them. We are kept in the dark.What may possible reasons and impacts of crude oil price hike in india and international level?
reasons:
peak oil. Russia and North Sea oil wells are already peaked.
Gulf nations existing capacity is going to peak in 2 to 3 years from now.
Saudi oil output is salty oil, refineries are not equipped to process that oil, so Saudis increasing the output will not improve the situation.
Exploring new oil and productionalize takes 10 to 15 years.
Impacts:
Stagnation and inflation.
Modern life is heavily dependent on oil. Oil goes up, food and other prices go up. This will give rise to very high inflation.
Major portion of People's income will be spent on food, energy and transportation. Little money will be spent on luxury items, so corporations' businesses will contract. This will cause stagnation in economies of the world.
Inflation will rise exponentially in all the oil consuming nations. This leads to spiralled monetary measures by regulators leading to another round of dismay in the stock markets. With high inflation rates, the profit earnings of the companies also come down - the whole economy might see a bit of recession out of this.
I am playing big on oil trading. I’m from Morgan Stanly, or Goldman %26amp; Sachs, or any big firms on the Wall Street.
I bought millions and millions of barrels of oil when they cost $60--$100 a barrel. I expect to make a kill when I sell. But right now it’s only $135 a barrel. (Please tell nobody: one day on Jan. Goldman %26amp; Sachs traded a volume of barrels = US one years import in volume)
So here is my difficulty:
Congress is now investigating on oil speculation, I am afraid of being caught. But if I sell them right now, I would end up with little or no profit since the trading fees and hedge fund managing cost are not cheap.
I already request my agents send the spin out to the media, like: “Oil future looks high, expecting to be in the range of $200 a barrel soon. ” But it does not work price up as fast as I expected.
So my question is this: How do I corner the market price up in time so not to get caught by Congress.?
For your info: Prof. Michael Greenberger’s testimony before Senate makes me very nervous. He said: ‘If speculation were reined in and trading rules tightened, the cost of crude oil could drop 25 percent.” http://www.mcclatchydc.com/staff/les_blu…
My lobby firm can work Republican party to stall passing the laws, but I am not sure for how long. I am very fearful and worried. What are the options for me ? Please advise.
reasons
popoulation explosion
deforestation
exhaust from vehicles
exhaust from industries
and many more
impacts
acid rain
floods
drought
famines
Ahmadinejad is right in saying oil price hike is fake?
This is part of the plan of Bush administration and OPEC to invade IRAN .Building of nuclear for mass destruction of IRAN doesn't work . World is not buying on this.This is another IRAQ story lies.Ahmadinejad is right in saying oil price hike is fake?
Oil was always there and for centuries was useless,By invention of cars and industrial revolution it became valuable by western countries it brought prosperity to those countries and by years of negligence and not having an energy strategy causes inflation and price rise in our country.
So we have to stop blaming these undeveloped and third world countries and fix the economy.Ahmadinejad is right in saying oil price hike is fake?
He's an interesting character. His job is to take interest away from what the Iran government is actually doing, which may incidentally be nothing. Bush is a war mongering follower that is so blinded by his own stupidity. I'm so glad that Kucinich started the process to impeach him. It sends a strong message. It's too bad that the media didn't give it the coverage it really deserved. Kucinich is a brilliant man. He's not wasting taxpayer dollars.
I'm not sure what is going on with oil prices exactly. But it doesn't seem completely by accident. It is no secret that the car companies and oil companies work together and have bought up patents to prevent competition from alternative fuel sources. Just think about it for a minute and you can maybe see why they would want to do this. It's all about money after all. (more for me, less for you is the mentality!)
I just watched CNN’s international Channel(3pm EST), breaking the news that oil price spikes again. But the anchor and the reporter assert it is China’s diesel demand contributed to the hike.
Waited a sec ! It is already THIRD time I am hearing CNN’s assertion of China’s diesel demand. The first time was about two weeks ago. What’s going on?
Then, Israel’s-Iran-attack-drill news flashing back-------Which Was Just Happened This Morning ! That “unmistakable signal” is surely an act to have a consequence of oil supply disruption ! Why is it not reported as a oil spiking cause ? !
Time to scapegoat China again before a major offensive ? To verify, I went to CNN web site , there it is :
China hikes fuel prices http://money.cnn.com/2008/06/20/news/int…
China to raise energy prices
http://money.cnn.com/2008/06/19/news/int…
But nowhere saying that Israel’s-Iran-attack-drill will unstablize the oil supply region, causing the oil price up.
For Israelis Iran Strike Drill see
http://www.jpost.com/servlet/Satellite?c…
Back when The propaganda machine used during the past years we believe in it but now as time has past and we found out the gov was telling us a big big story,Now the same story is just like those infomercial you know the one that are on T V ,how to grow hair,buy homes for Pennie on the dollar personally I like the adds that were run back when like. uncle SAM needs ';you';
of course he is right.it is us that is pushing up the price of oil.we cant do without it.bush will never go into Iran ,but you have to admit the middle-easterners have got us where they want us[oil].until we become less reliant on their stuff we will always be put in this situation.hence we will have to pay a high price.
Ahmadinejad is an unstable personality, even people in his own country understand this. Unfortunately, Bush does not and will probably continue to give him excuses to spread propaganda against the US.
Oil was always there and for centuries was useless,By invention of cars and industrial revolution it became valuable by western countries it brought prosperity to those countries and by years of negligence and not having an energy strategy causes inflation and price rise in our country.
So we have to stop blaming these undeveloped and third world countries and fix the economy.Ahmadinejad is right in saying oil price hike is fake?
He's an interesting character. His job is to take interest away from what the Iran government is actually doing, which may incidentally be nothing. Bush is a war mongering follower that is so blinded by his own stupidity. I'm so glad that Kucinich started the process to impeach him. It sends a strong message. It's too bad that the media didn't give it the coverage it really deserved. Kucinich is a brilliant man. He's not wasting taxpayer dollars.
I'm not sure what is going on with oil prices exactly. But it doesn't seem completely by accident. It is no secret that the car companies and oil companies work together and have bought up patents to prevent competition from alternative fuel sources. Just think about it for a minute and you can maybe see why they would want to do this. It's all about money after all. (more for me, less for you is the mentality!)
I just watched CNN’s international Channel(3pm EST), breaking the news that oil price spikes again. But the anchor and the reporter assert it is China’s diesel demand contributed to the hike.
Waited a sec ! It is already THIRD time I am hearing CNN’s assertion of China’s diesel demand. The first time was about two weeks ago. What’s going on?
Then, Israel’s-Iran-attack-drill news flashing back-------Which Was Just Happened This Morning ! That “unmistakable signal” is surely an act to have a consequence of oil supply disruption ! Why is it not reported as a oil spiking cause ? !
Time to scapegoat China again before a major offensive ? To verify, I went to CNN web site , there it is :
China hikes fuel prices http://money.cnn.com/2008/06/20/news/int…
China to raise energy prices
http://money.cnn.com/2008/06/19/news/int…
But nowhere saying that Israel’s-Iran-attack-drill will unstablize the oil supply region, causing the oil price up.
For Israelis Iran Strike Drill see
http://www.jpost.com/servlet/Satellite?c…
Back when The propaganda machine used during the past years we believe in it but now as time has past and we found out the gov was telling us a big big story,Now the same story is just like those infomercial you know the one that are on T V ,how to grow hair,buy homes for Pennie on the dollar personally I like the adds that were run back when like. uncle SAM needs ';you';
of course he is right.it is us that is pushing up the price of oil.we cant do without it.bush will never go into Iran ,but you have to admit the middle-easterners have got us where they want us[oil].until we become less reliant on their stuff we will always be put in this situation.hence we will have to pay a high price.
Ahmadinejad is an unstable personality, even people in his own country understand this. Unfortunately, Bush does not and will probably continue to give him excuses to spread propaganda against the US.
What can you say about the issue of oil price edge higher in Asian Trade?
Please help me to answer this question for my projectWhat can you say about the issue of oil price edge higher in Asian Trade?
Your best bet will be the Homework Section.
best of luck to you!
Your best bet will be the Homework Section.
best of luck to you!
What will the oil price be through 2007 and 2008?
Yeah, I know, you're not a registered financial adviser and the values of stuff can go down as well as up...What will the oil price be through 2007 and 2008?
I liked some of these answers they made me laugh unfortunately however records show that fuel prices world wide will continue to rise at a steady pace. I guess we will just have to wait and see if this is the truth
They do say that 90% of statistics is made up on the spot so who knows maybe they are all wrong -What will the oil price be through 2007 and 2008?
OILY AND HIGH AS USUAL!!!!
35-45$ per barrel
Like today.
$1.97 9/10 in 2007 and $2.13 9/10 in 2008. I know this because I am the person who sets the prices. Please keep this to yourself. I have arranged for very large reserves to be discovered in the Gulf and elsewhere. But, I won't be releasing much of it until around 2012 because I need to build a few more wells and refineries first. In the meantime, please don't make the price go lower by encouraging nuclear fuel use. That would be a 15 year program anyway, so that does not worry me much. Most ethanol production will help us out so don't stop that little environmental lie. Ethanol production in most cases is energy negative - but at least it helps the farmers and (ahem!) the big agri-corporations. Thank you very much. For now, hydrogen fuel production is a negative energy balance too because of the fuel (coal) to make the electricity to make the hydrogen. Go go go enviroquacks! I still don't expect to raise the price of gasoline much until about 2010 anyway.
Too much.
I would bet for higher than it is now because of continued mid-east strife and China's booming economy and heightened demand for energy.
At or close to holday time the price of fuel at the pumps will rocket. As soon as the kids are back at school it will fall.
If some Israeli or Palestinian throws stones at each other the stock market will panic.....I know.......it's nothing to do with oil but it's as good an excuse as any.
The rich get richer.....the poor get poorer.
Come the Revolution ????????
2 expensive
Depends on whether bush and blair decide to enter any other countries that have oil on the pretence of weapons of mass destruction. Weird how they didn't go into N. Korea!! Still they have the weapons but not the oil!
100$ A GALLON
拢3,000,000 per litre
I doubt they'll decrease.
$3.10 in 2007 and $4.25 in 2008. Go hybrids!!!!
$10 a gallon and Hummers will become extinct.
With so much free energy available I find it is only a matter of time before the lid shall be taken off one of the most important forms of knowledge that our governments have chosen to hide from us in the name of ';security';. Just bang into any search engine: 'free energy' and behold what transpires. Or for that matter the Englishman who is being taken to court in the good old USA for hacking, again use that search engine... Gary + BBC .... 8 minutes of video, which will cause you to open your eyes.
If the market is working properly, the futures prices should take into account predictable changes into the future. People much more into this than I am do there best to make money through predicting the future prices of oil. Realize that there is a risk premium and a premium for matching expected return on other possible investements. Therefore futures prices will be somewhat lower than actualized prices on average.
If everybody goes home then it will not be much more than it is now, but if Mr Bush and company insist on being where they are not welcome you could be in for a rise
$2/gallon
What ever price, it will be too damn much,thats for sure.
I liked some of these answers they made me laugh unfortunately however records show that fuel prices world wide will continue to rise at a steady pace. I guess we will just have to wait and see if this is the truth
They do say that 90% of statistics is made up on the spot so who knows maybe they are all wrong -What will the oil price be through 2007 and 2008?
OILY AND HIGH AS USUAL!!!!
35-45$ per barrel
Like today.
$1.97 9/10 in 2007 and $2.13 9/10 in 2008. I know this because I am the person who sets the prices. Please keep this to yourself. I have arranged for very large reserves to be discovered in the Gulf and elsewhere. But, I won't be releasing much of it until around 2012 because I need to build a few more wells and refineries first. In the meantime, please don't make the price go lower by encouraging nuclear fuel use. That would be a 15 year program anyway, so that does not worry me much. Most ethanol production will help us out so don't stop that little environmental lie. Ethanol production in most cases is energy negative - but at least it helps the farmers and (ahem!) the big agri-corporations. Thank you very much. For now, hydrogen fuel production is a negative energy balance too because of the fuel (coal) to make the electricity to make the hydrogen. Go go go enviroquacks! I still don't expect to raise the price of gasoline much until about 2010 anyway.
Too much.
I would bet for higher than it is now because of continued mid-east strife and China's booming economy and heightened demand for energy.
At or close to holday time the price of fuel at the pumps will rocket. As soon as the kids are back at school it will fall.
If some Israeli or Palestinian throws stones at each other the stock market will panic.....I know.......it's nothing to do with oil but it's as good an excuse as any.
The rich get richer.....the poor get poorer.
Come the Revolution ????????
2 expensive
Depends on whether bush and blair decide to enter any other countries that have oil on the pretence of weapons of mass destruction. Weird how they didn't go into N. Korea!! Still they have the weapons but not the oil!
100$ A GALLON
拢3,000,000 per litre
I doubt they'll decrease.
$3.10 in 2007 and $4.25 in 2008. Go hybrids!!!!
$10 a gallon and Hummers will become extinct.
With so much free energy available I find it is only a matter of time before the lid shall be taken off one of the most important forms of knowledge that our governments have chosen to hide from us in the name of ';security';. Just bang into any search engine: 'free energy' and behold what transpires. Or for that matter the Englishman who is being taken to court in the good old USA for hacking, again use that search engine... Gary + BBC .... 8 minutes of video, which will cause you to open your eyes.
If the market is working properly, the futures prices should take into account predictable changes into the future. People much more into this than I am do there best to make money through predicting the future prices of oil. Realize that there is a risk premium and a premium for matching expected return on other possible investements. Therefore futures prices will be somewhat lower than actualized prices on average.
If everybody goes home then it will not be much more than it is now, but if Mr Bush and company insist on being where they are not welcome you could be in for a rise
$2/gallon
What ever price, it will be too damn much,thats for sure.
How can Oil price is going to change, for 100 years, McCains theory?.?
Oil price Iternationally is same. With Oil-Energy price, has Domino effect on everything else, including our life. Meager increase in income level is going to nullify anything. God gave us Intelligence to be Human: Is it?How can Oil price is going to change, for 100 years, McCains theory?.?
Two major oil fields will be opened up in a couple of years flooding the market with oil.How can Oil price is going to change, for 100 years, McCains theory?.?
spell check spell check it is available.
with increasing demand oil will prices will keep going higher.
is this Yoda
Could you try this again in English please. Peace
Two major oil fields will be opened up in a couple of years flooding the market with oil.How can Oil price is going to change, for 100 years, McCains theory?.?
spell check spell check it is available.
with increasing demand oil will prices will keep going higher.
is this Yoda
Could you try this again in English please. Peace
How much will the oil price fall further ? Is high fuel price a fake believe for better economic activity?
Will go 10 usd per barrel or below......How much will the oil price fall further ? Is high fuel price a fake believe for better economic activity?
It is likely that oil prices will not grow to how they were last summer for a couple of years.
The growth is due many investors purchasing large amounts of oil for investments. The reason why it started growing from 2000 is that many then were already aware of the profitable investment of oil. Low prices now are due to many investors now SELLING their oil for lucrutive profits. With a greater supply of oil and the same demand, there was a surplus of oil, thus causing the large price fall.
To an economic point of view lower fuel prices usually symbolize more recession and thus less economic activity.
For the average American, it will just lower your automobile budget.
It is likely that oil prices will not grow to how they were last summer for a couple of years.
The growth is due many investors purchasing large amounts of oil for investments. The reason why it started growing from 2000 is that many then were already aware of the profitable investment of oil. Low prices now are due to many investors now SELLING their oil for lucrutive profits. With a greater supply of oil and the same demand, there was a surplus of oil, thus causing the large price fall.
To an economic point of view lower fuel prices usually symbolize more recession and thus less economic activity.
For the average American, it will just lower your automobile budget.
Aren't the Opec countries doing anything to reduce the crude oil price?
The Arab countries are laughing their way to the banks! Look at the development in Middle East, isn't it's astonishing? Looking at it, many countries who import oils will suffer from inflation this coming years!
What say you?Aren't the Opec countries doing anything to reduce the crude oil price?
OPEC can't do anything in the short run!
1. Only Saudi maintains any any sizable excess capacity that can be used to increase production. However, if it did max out the production, there would barely be a blip in the price of crude.
2. Even if all oil producers maxed out crude oil production, refiners don't have the capacity to process it.
In other words, increasing supply is going to take billions of dollars of investment and years of development.
The only short term solution, which is also a long term solution, is to reduce demand.Aren't the Opec countries doing anything to reduce the crude oil price?
i say that if we go to renewable energy sources then we solve this problem
I think that the Western alliance countries need to unite and start playing hard ball with OPEC. Look how they treat the countries that have vowed to protect and give American lives so they can live like sultans.
Bush ought to be ashamed of himself just as the leaders of Great Britain, etc. who roll over and play lap dogs for these oil magnates.salicylic acid
What say you?Aren't the Opec countries doing anything to reduce the crude oil price?
OPEC can't do anything in the short run!
1. Only Saudi maintains any any sizable excess capacity that can be used to increase production. However, if it did max out the production, there would barely be a blip in the price of crude.
2. Even if all oil producers maxed out crude oil production, refiners don't have the capacity to process it.
In other words, increasing supply is going to take billions of dollars of investment and years of development.
The only short term solution, which is also a long term solution, is to reduce demand.Aren't the Opec countries doing anything to reduce the crude oil price?
i say that if we go to renewable energy sources then we solve this problem
I think that the Western alliance countries need to unite and start playing hard ball with OPEC. Look how they treat the countries that have vowed to protect and give American lives so they can live like sultans.
Bush ought to be ashamed of himself just as the leaders of Great Britain, etc. who roll over and play lap dogs for these oil magnates.
The world oil price increase is good or bad for Thailand?
Thailand is oil import country. The stock exchange should be down or up?The world oil price increase is good or bad for Thailand?
Thailand has to pay more for oil, so you could see it as a bad thing. The increase in oil prices will be transferred to any goods that have to be transported by road, and to an extent, to all services, as people have to raise the cost of their work to cope with higher commodity prices. Stocks should fall.
At the same time, if oil prices rise enough, then alternatives to oil start becoming desirable, so Thailand could experience some innovations in eg bio-fuel vehicles, which would be good for Thailand's environment, and could be marketable abroad. A potential positive secondary effect.The world oil price increase is good or bad for Thailand?
Bad. Thailand is a net importer of oil and therefore as oil prices rise its economic clout on the international stage is compromised. Higher oil prices mean higher domestic inflation, higher output rices for Thailand's exports and less competitiveness for Thailand. It's all very definitely bad news.
This is an interesting question. Higher oil prices are bad for everyone who has to pay more for all of the products made from oil. However, if you invest in the energy sector, you can make some good $$. So, it depends if you are looking at it from the perspective of an investor, or as a consumer. As consumers, we all lose, doesn't matter if you are in Asia, Europe or the Americas. Energy inflation hurts all consumers.
Thailand has to pay more for oil, so you could see it as a bad thing. The increase in oil prices will be transferred to any goods that have to be transported by road, and to an extent, to all services, as people have to raise the cost of their work to cope with higher commodity prices. Stocks should fall.
At the same time, if oil prices rise enough, then alternatives to oil start becoming desirable, so Thailand could experience some innovations in eg bio-fuel vehicles, which would be good for Thailand's environment, and could be marketable abroad. A potential positive secondary effect.The world oil price increase is good or bad for Thailand?
Bad. Thailand is a net importer of oil and therefore as oil prices rise its economic clout on the international stage is compromised. Higher oil prices mean higher domestic inflation, higher output rices for Thailand's exports and less competitiveness for Thailand. It's all very definitely bad news.
This is an interesting question. Higher oil prices are bad for everyone who has to pay more for all of the products made from oil. However, if you invest in the energy sector, you can make some good $$. So, it depends if you are looking at it from the perspective of an investor, or as a consumer. As consumers, we all lose, doesn't matter if you are in Asia, Europe or the Americas. Energy inflation hurts all consumers.
How does the oil price help Iraqi's when they haven't pumped a drop in over 6 years?
I've seen this silly remark several times. How could it possibly be true?How does the oil price help Iraqi's when they haven't pumped a drop in over 6 years?
Oh no Bush and his pals have been making billions on it
maybe even trillion and more evenHow does the oil price help Iraqi's when they haven't pumped a drop in over 6 years?
Today, a panel of energy of experts testified before the House Energy and House committee.
“Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135.”
http://www.marketwatch.com/news/story/ga…
Half of our money paid at pump goes to Wall Street speculators. And we can not hear or read main media reporting them. We are kept in the dark.
Iraqi is up to about 1/4 of its production capacity . The sell of the oil is being overseen buy the start of the new goverment they are trying to figure out how to divide some of the pro ceeds to the Iraqi people.The U.S has nothing to do with it OPEC is in charge of thier production and sell. Show me were you can prove that Bush has made trillions from there oil other wise Im tired of the anti war talking points.My source I am 1 of many working on a new terminal to load the oil onto the tankers
The above question is totally false. We have many out here who love to repeat lies. You are totally correct, it is not true.
ps. The reason we are in an old crunch right now, is we in the USA have not been drilling. If we don't drill we don't have enough oil. FOLKS we need to drill and drill some more. Don't believe the lie that is being told. We nuclear, coal, oil and more oil, and more fuel efficient cars. Corn based ethanol is not the answer. The UN says food based fuel is a crime against humanity and hello, for once I agree with them.
Actually, they're supposedly pumping. There are a number of problems however. First, you have sabotage. That interrupts things to say the least. You have the problem of black marketing whereby the oil disappears down a rabbit hole. (Now how the US allows this I'll never understand.) And finally, you have the ongoing squabble of how to divide up the profits. Sunni, Shia and Kurd can't seem to just do 33% for each and have done with it. I would like to know why our govt is so quiet about this,though.
I think they've pumped it, just not sold any. Either way, it wouldn't help Iraq because it is US inflation that makes oil more expensive in the US, not elsewhere.
Iraq has never stopped pumping oil and selling it. I believe there at about 2.5 million bbl a day now and are expecting to pump 3 million in the near future.
Do your research. Iraq is producing over 2 million barrels a day
They've been pumping oil for years now.
Ah...but they have, they actually produced enough to expport for the irst time back in October 2007!
They are almost up to pre war levels.
Oh no Bush and his pals have been making billions on it
maybe even trillion and more evenHow does the oil price help Iraqi's when they haven't pumped a drop in over 6 years?
Today, a panel of energy of experts testified before the House Energy and House committee.
“Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135.”
http://www.marketwatch.com/news/story/ga…
Half of our money paid at pump goes to Wall Street speculators. And we can not hear or read main media reporting them. We are kept in the dark.
Iraqi is up to about 1/4 of its production capacity . The sell of the oil is being overseen buy the start of the new goverment they are trying to figure out how to divide some of the pro ceeds to the Iraqi people.The U.S has nothing to do with it OPEC is in charge of thier production and sell. Show me were you can prove that Bush has made trillions from there oil other wise Im tired of the anti war talking points.My source I am 1 of many working on a new terminal to load the oil onto the tankers
The above question is totally false. We have many out here who love to repeat lies. You are totally correct, it is not true.
ps. The reason we are in an old crunch right now, is we in the USA have not been drilling. If we don't drill we don't have enough oil. FOLKS we need to drill and drill some more. Don't believe the lie that is being told. We nuclear, coal, oil and more oil, and more fuel efficient cars. Corn based ethanol is not the answer. The UN says food based fuel is a crime against humanity and hello, for once I agree with them.
Actually, they're supposedly pumping. There are a number of problems however. First, you have sabotage. That interrupts things to say the least. You have the problem of black marketing whereby the oil disappears down a rabbit hole. (Now how the US allows this I'll never understand.) And finally, you have the ongoing squabble of how to divide up the profits. Sunni, Shia and Kurd can't seem to just do 33% for each and have done with it. I would like to know why our govt is so quiet about this,though.
I think they've pumped it, just not sold any. Either way, it wouldn't help Iraq because it is US inflation that makes oil more expensive in the US, not elsewhere.
Iraq has never stopped pumping oil and selling it. I believe there at about 2.5 million bbl a day now and are expecting to pump 3 million in the near future.
Do your research. Iraq is producing over 2 million barrels a day
They've been pumping oil for years now.
Ah...but they have, they actually produced enough to expport for the irst time back in October 2007!
They are almost up to pre war levels.
Now that gas is so low, is there a way to lock in the price? Sort of like the locking in the heating oil price?
If it's possible to lock in the heating oil price (for a fee), shouldn't we also be able to lock in the gas price? Now that gas is so low, is there a way to lock in the price? Sort of like the locking in the heating oil price?
my family buys about 400 gallons of gas at once for fair market price and we store it in a tank
so you can get it in bulk for good prices, but you have to be able to store it
other than that I think you can only lock in for a few months maxNow that gas is so low, is there a way to lock in the price? Sort of like the locking in the heating oil price?
Hmm. I don't know if that's such a good idea. It just encourages people to be more wasteful of gas, if it's cheap. We should pay the real value of gas.
I read on one of the Yahoo! Answers that the government is dipping into its reserves of gas to help lower the price. If that's true . . . what will happen when we don't have any more reserves?
I know expensive gas is a problem -- I commute about 50 to 70 km. a day (about an hour of driving in all), and I don't see any way to get a job closer to home. Yet. But cheap gas isn't really the answer in the long run.
No that's not in our control. It's OPEC that controls the oil prices. The middle eastern countries where we get our oil can jack up the prices. That's why foreign oil dependency was a hot button issue during the presidential debates. It's gonna shoot up to 4 bucks again during the spring time. Then it will go back down.
Nope. OPEC just had another meeting and announced that they want crude oil back to $97.00 per barrel by January. The only way you can 'lock-in' the price is to buy some 55 gallon drums and start pumping today.
Not in a free market. Nice try though.
my family buys about 400 gallons of gas at once for fair market price and we store it in a tank
so you can get it in bulk for good prices, but you have to be able to store it
other than that I think you can only lock in for a few months maxNow that gas is so low, is there a way to lock in the price? Sort of like the locking in the heating oil price?
Hmm. I don't know if that's such a good idea. It just encourages people to be more wasteful of gas, if it's cheap. We should pay the real value of gas.
I read on one of the Yahoo! Answers that the government is dipping into its reserves of gas to help lower the price. If that's true . . . what will happen when we don't have any more reserves?
I know expensive gas is a problem -- I commute about 50 to 70 km. a day (about an hour of driving in all), and I don't see any way to get a job closer to home. Yet. But cheap gas isn't really the answer in the long run.
No that's not in our control. It's OPEC that controls the oil prices. The middle eastern countries where we get our oil can jack up the prices. That's why foreign oil dependency was a hot button issue during the presidential debates. It's gonna shoot up to 4 bucks again during the spring time. Then it will go back down.
Nope. OPEC just had another meeting and announced that they want crude oil back to $97.00 per barrel by January. The only way you can 'lock-in' the price is to buy some 55 gallon drums and start pumping today.
Not in a free market. Nice try though.
With oil prices on the rise I am wondering at what price per barrell of crude oil will alternatives be cheaper
Invest in the stocks of oil companies, Exxon, Chevron, Marathon, etc.
That way, if you are paying a little more at the pump, you are part owner of the companies, and you get some profits, dividends, etc. from the ';record profits'; they post.
Not that difficult of a concept..With oil prices on the rise I am wondering at what price per barrell of crude oil will alternatives be cheaper
If you don't have a bike, I'd get one.With oil prices on the rise I am wondering at what price per barrell of crude oil will alternatives be cheaper
Get ur car engine converted in liquide gas,that will b cheapest way.
That way, if you are paying a little more at the pump, you are part owner of the companies, and you get some profits, dividends, etc. from the ';record profits'; they post.
Not that difficult of a concept..With oil prices on the rise I am wondering at what price per barrell of crude oil will alternatives be cheaper
If you don't have a bike, I'd get one.With oil prices on the rise I am wondering at what price per barrell of crude oil will alternatives be cheaper
Get ur car engine converted in liquide gas,that will b cheapest way.
Why is USO falling as the oil price rises?
The price of oil has risen by at least $5 per barrel over the past days, yet the USO ETF has fallen 2-3% in this time. What's going on? I thought USO was supposed to track the price of oil.Why is USO falling as the oil price rises?
I'm not sure why you think that oil has risen in the past few days since oil fell below $34 per barrel (new recent low) yesterday. Only today did it recover and half of that was due to a change in futures attached to NYMEX oil.
USO tracks oil futures but it doesn't indicate which futures it is tracking. Today the NYMEX oil was tracking the February futures which were to expire today and those futures shot up about $2.50 prior to close. Then NYMEX oil switched to the March futures which already was another $2.00 above the February futures close (but down $1.75 for the day). Many other futures have been down for most of last and this week.
So unless we know which futures USO is invested in at any point in time, it will be difficult to determine whether it should rise or not.
I'm not sure why you think that oil has risen in the past few days since oil fell below $34 per barrel (new recent low) yesterday. Only today did it recover and half of that was due to a change in futures attached to NYMEX oil.
USO tracks oil futures but it doesn't indicate which futures it is tracking. Today the NYMEX oil was tracking the February futures which were to expire today and those futures shot up about $2.50 prior to close. Then NYMEX oil switched to the March futures which already was another $2.00 above the February futures close (but down $1.75 for the day). Many other futures have been down for most of last and this week.
So unless we know which futures USO is invested in at any point in time, it will be difficult to determine whether it should rise or not.
Why Bush order to stop all the Solar Project while there's skyrocket oil price?
Bush order to stop for 2 years for any solar project development.Why Bush order to stop all the Solar Project while there's skyrocket oil price?
So that countries will be even more dependent on oil %26amp; oil is priced in USD. Possible reason is to salvage US out of the sub prime crisis ASAP.salicylic acid
So that countries will be even more dependent on oil %26amp; oil is priced in USD. Possible reason is to salvage US out of the sub prime crisis ASAP.
Why do americans complian about the oil price more than people from other countries?
americans are complianing about the oil price than the rest of the world and at the same time oil price in many countries inthe world are way more expensive the the US i am from canada the second largest oil producer inthe world secong to saudi arabia and the oil price is way higher than the gas in the united states many canadians are going to the states to get gas.Why do americans complian about the oil price more than people from other countries?
First of all. I understand your point. Look at these cities price per gallon.
Istanbul-$11
London-$10
Paris-about-$7
A lot of countries pay more than we do. Still people are taking it farther than we are. For example in London truckers are blocking traffic intentionally to protest. They should because the prices will put them out of buissness. People all around the world are demanding something be done about this. Soon the governments will have to do something.Why do americans complian about the oil price more than people from other countries?
First of all I would like to know why the rest of the world is just rolling over and taking the high gas prices they pay. They should be complaining much louder than we are. The only reason I can think of that they aren't is because the higher gas prices don't touch their lives like it does ours. Many places that are paying the higher gas prices are in much smaller countries that have good transit systems. Either the people there walk to most places or ride the bus. In America not everyone lives close together and we don't always have transit systems in place to accomidate our needs to get food, health care and work. When we do have to travel in America it can be quite a distance and with the gas prices higher it becomes tougher to afford to get the essentials. I live in Kentucky where many people by an older car that uses more gas because the car is old and cheap and all they can afford. Now many people are hitch hiking (not safe) to get to the grocery store or doctor because they can't afford the gas. At least that is what is happening where I live.
Because we Americans are accustomed to low gasoline prices. The 4+ US$ per gallon prices are unprecedented in the nation's history. Americans are used to driving everywhere, especially in the suburbs, and the high gas prices are bringing about an unexpected and unwanted change in people's lifestyles.
Personally, I don't like the way things are going, but I don't complain about it. I just try to adjust my lifestyle (use public transportation more, reconsider taking road trips, consolidating travel time for errands, etc.) and hope for the best.
Uh...buddy, we can't live without our gas hogs. Plus, our percentage increase is higher since we're coming off a lower price base. A $2 increase to us is a 100% increase. To somone paying $6, it's only a 33% increase. Still $2 though.
But, don't ask Americans (land of the highest road miles per capita and where our autos equate to our self esteem) to have to make a tough choice. That's HARD!!!
We've been told that ';we're special'; since we were babies, and gosh-darn-it, cheap gas is a god given right! Somebody get a pen. We should write that into the Constitution.
Complain? It's because of the ENORMOUS profits oil companies are making. George Bush is a clown. How and why the bunch of idiots in this country decided to re-elect him is beyond me. BTW. Canadians get ripped on everything. I can't wait for it to be $6.00 by fall. I'll park my SUV and be riding a motorcycle.
I am from the PHilippines, our pump prices are more expensive compard to USA. We are also complaining but not as much as you. We can adapt and besides we use mostly fuel efficient 4 cylinders cars that can go 10 to 15km to one liter.
First of all. I understand your point. Look at these cities price per gallon.
Istanbul-$11
London-$10
Paris-about-$7
A lot of countries pay more than we do. Still people are taking it farther than we are. For example in London truckers are blocking traffic intentionally to protest. They should because the prices will put them out of buissness. People all around the world are demanding something be done about this. Soon the governments will have to do something.Why do americans complian about the oil price more than people from other countries?
First of all I would like to know why the rest of the world is just rolling over and taking the high gas prices they pay. They should be complaining much louder than we are. The only reason I can think of that they aren't is because the higher gas prices don't touch their lives like it does ours. Many places that are paying the higher gas prices are in much smaller countries that have good transit systems. Either the people there walk to most places or ride the bus. In America not everyone lives close together and we don't always have transit systems in place to accomidate our needs to get food, health care and work. When we do have to travel in America it can be quite a distance and with the gas prices higher it becomes tougher to afford to get the essentials. I live in Kentucky where many people by an older car that uses more gas because the car is old and cheap and all they can afford. Now many people are hitch hiking (not safe) to get to the grocery store or doctor because they can't afford the gas. At least that is what is happening where I live.
Because we Americans are accustomed to low gasoline prices. The 4+ US$ per gallon prices are unprecedented in the nation's history. Americans are used to driving everywhere, especially in the suburbs, and the high gas prices are bringing about an unexpected and unwanted change in people's lifestyles.
Personally, I don't like the way things are going, but I don't complain about it. I just try to adjust my lifestyle (use public transportation more, reconsider taking road trips, consolidating travel time for errands, etc.) and hope for the best.
Uh...buddy, we can't live without our gas hogs. Plus, our percentage increase is higher since we're coming off a lower price base. A $2 increase to us is a 100% increase. To somone paying $6, it's only a 33% increase. Still $2 though.
But, don't ask Americans (land of the highest road miles per capita and where our autos equate to our self esteem) to have to make a tough choice. That's HARD!!!
We've been told that ';we're special'; since we were babies, and gosh-darn-it, cheap gas is a god given right! Somebody get a pen. We should write that into the Constitution.
Complain? It's because of the ENORMOUS profits oil companies are making. George Bush is a clown. How and why the bunch of idiots in this country decided to re-elect him is beyond me. BTW. Canadians get ripped on everything. I can't wait for it to be $6.00 by fall. I'll park my SUV and be riding a motorcycle.
I am from the PHilippines, our pump prices are more expensive compard to USA. We are also complaining but not as much as you. We can adapt and besides we use mostly fuel efficient 4 cylinders cars that can go 10 to 15km to one liter.
How low do you think crude oil price per barrel will drop to?
Production will soon be cut and prices will go back up. Fill your cans now. Peace.How low do you think crude oil price per barrel will drop to?
I don't know how these people can say prices at the pump don't go down when oil prices go down. Gas at the pump has dropped from $4.00 to $1.75/ gal. as oil prices went from $140 to $50. Oil is at an equilibrium level now and will stay between $45 and $50 unless demand (mostly foreign) falls.How low do you think crude oil price per barrel will drop to?
Well, if the drop of the late 1970's early 1980's is a guide $35-$40/bbl.
And to the people who claim it wont drop at the pump where have you been?!!!!!?? A 60% drop at the pump and you have not noticed? You must not drive or have short term memory loss.
I agree with 'bails', it doesn't matter how low it goes, prices won't considerably decrease at the pump. They all stick together, if they don't have to drop the price, THEY WONT! (not by a lot anyway) = (
Between $35-40 at least. Demand is dropping in the largest markets. Investors are flocking to the dollar and that will lower commodity prices. And we have large supplies of oil.
Does it matter. The price drops but not at the pumps. They're quick enough to put the price up
I don't know how these people can say prices at the pump don't go down when oil prices go down. Gas at the pump has dropped from $4.00 to $1.75/ gal. as oil prices went from $140 to $50. Oil is at an equilibrium level now and will stay between $45 and $50 unless demand (mostly foreign) falls.How low do you think crude oil price per barrel will drop to?
Well, if the drop of the late 1970's early 1980's is a guide $35-$40/bbl.
And to the people who claim it wont drop at the pump where have you been?!!!!!?? A 60% drop at the pump and you have not noticed? You must not drive or have short term memory loss.
I agree with 'bails', it doesn't matter how low it goes, prices won't considerably decrease at the pump. They all stick together, if they don't have to drop the price, THEY WONT! (not by a lot anyway) = (
Between $35-40 at least. Demand is dropping in the largest markets. Investors are flocking to the dollar and that will lower commodity prices. And we have large supplies of oil.
Does it matter. The price drops but not at the pumps. They're quick enough to put the price up
With oil price of $90/bbl what will happen to the stock market?
How would the stock market go during the next week and/ month? What will happen to the technology sector? What about the telecommunication companies? How their stocks will perform?With oil price of $90/bbl what will happen to the stock market?
The market will fluctuate and continue as usual..........geez!With oil price of $90/bbl what will happen to the stock market?
I think we all need to put mini oil wells in our back yards and make our own oil as we need it. Screw the oil companies and screw the government. Whos with me?
The current price is just a hair below $88/bbl as of yesterday.
I doubt the ripple effect over $2 more is going to destroy our economy. Remember, just last year the price of oil per bbl was around the same, and we were paying far over $3.00 a gallon...
In the short term, it is anyone's guess. In the long run it will be a grand opportunity for the innovative.
.
The market will fluctuate and continue as usual..........geez!With oil price of $90/bbl what will happen to the stock market?
I think we all need to put mini oil wells in our back yards and make our own oil as we need it. Screw the oil companies and screw the government. Whos with me?
The current price is just a hair below $88/bbl as of yesterday.
I doubt the ripple effect over $2 more is going to destroy our economy. Remember, just last year the price of oil per bbl was around the same, and we were paying far over $3.00 a gallon...
In the short term, it is anyone's guess. In the long run it will be a grand opportunity for the innovative.
.
What causes the crude oil price traded so high in International Market?
First of all, most of the world crude oil reservoirs are depleted, (it is renewable actually, by geological ages it is not too long).
But energy demand is so high especially from two new industrial booming nation China and India,
plus the all the old one...
So more to burn, more fuel. Capitalis way, simple raise up the price, make more profit.
Secondly, nowadays it is more and more difficult and expensive to do an exploration, drill and produce the crude from earth.
Long2 time ago, most of the well are vertical well,
which is mean conventional drilling, drill straight to reservoirs like nobody business, and most of the reservoirs were shallow in depth comparison.
Nowadays, most of the reservoir are in remote areas, deep seas and hostile areas.
Exploration and evaluation cost more money and hi-tech tools and softwares.
The reservoirs itself, most of the unreachable by conventional drilling, they need to be drill directionally.
Directional drilling cost tons of money,
because they're using very2 hi-tech technologies and tools that none of you can imagine.
Completion and well testing are something else, not yet reach production, transportation and refinery processes, all using hi-tech end.
And none of this ';Seven Sisters'; has that tech.
So they need helps from their brothers, services companies to get all the services and equipments.
And of course it is very expensive, just ask Halliburton, Schlumberger, Baker Hughes etc. how they make money?
Thirdly, sometimes they need to make war to get an oil,
i.e long time ago, Uncle Hitler ran Operation Barbarossa,
just to get the Soviet Caucassus Oil Field.
However he failed the war because, to be honest he didn't has oil to fly his ME262.
Recently, Uncle Bush, invaded Iraq, just to grab the second largest crude reservoir in the world.
Even war is a bussiness. War cause money, lives and consumed much more oil.
So we need to pay the price of dollar down, because of the war.
Just stop the war, dollar will come up and stable.
Because after WWII world economy and currency base on how much US dollar per barrel, simple, because they win the war for all of us, agree?What causes the crude oil price traded so high in International Market?
Because it's heavily consumed by US jet fighters in Iraq.
If it's due to China's emerging economy, then the price should have gone up when China started subscribing to capitalism.What causes the crude oil price traded so high in International Market?
oil is not a natural source which is renewable.,so of course we have to control the manufacture of it so that we will be able to use the source for the next 100years maybe...which would also give us ample time to figure out some other source which can replace fuel n oil...
time to earn more, why not?
why not ask ur leader, since u r oil producing country, it's more ........illogical.........
supply and demand thing
Greed
war in Iraq is the main cause...blame on George W Bush
But energy demand is so high especially from two new industrial booming nation China and India,
plus the all the old one...
So more to burn, more fuel. Capitalis way, simple raise up the price, make more profit.
Secondly, nowadays it is more and more difficult and expensive to do an exploration, drill and produce the crude from earth.
Long2 time ago, most of the well are vertical well,
which is mean conventional drilling, drill straight to reservoirs like nobody business, and most of the reservoirs were shallow in depth comparison.
Nowadays, most of the reservoir are in remote areas, deep seas and hostile areas.
Exploration and evaluation cost more money and hi-tech tools and softwares.
The reservoirs itself, most of the unreachable by conventional drilling, they need to be drill directionally.
Directional drilling cost tons of money,
because they're using very2 hi-tech technologies and tools that none of you can imagine.
Completion and well testing are something else, not yet reach production, transportation and refinery processes, all using hi-tech end.
And none of this ';Seven Sisters'; has that tech.
So they need helps from their brothers, services companies to get all the services and equipments.
And of course it is very expensive, just ask Halliburton, Schlumberger, Baker Hughes etc. how they make money?
Thirdly, sometimes they need to make war to get an oil,
i.e long time ago, Uncle Hitler ran Operation Barbarossa,
just to get the Soviet Caucassus Oil Field.
However he failed the war because, to be honest he didn't has oil to fly his ME262.
Recently, Uncle Bush, invaded Iraq, just to grab the second largest crude reservoir in the world.
Even war is a bussiness. War cause money, lives and consumed much more oil.
So we need to pay the price of dollar down, because of the war.
Just stop the war, dollar will come up and stable.
Because after WWII world economy and currency base on how much US dollar per barrel, simple, because they win the war for all of us, agree?What causes the crude oil price traded so high in International Market?
Because it's heavily consumed by US jet fighters in Iraq.
If it's due to China's emerging economy, then the price should have gone up when China started subscribing to capitalism.What causes the crude oil price traded so high in International Market?
oil is not a natural source which is renewable.,so of course we have to control the manufacture of it so that we will be able to use the source for the next 100years maybe...which would also give us ample time to figure out some other source which can replace fuel n oil...
time to earn more, why not?
why not ask ur leader, since u r oil producing country, it's more ........illogical.........
supply and demand thing
Greed
war in Iraq is the main cause...blame on George W Bush
Has the Iraq war led to more oil price speculation?
Apparently one of the key reasons (except of course the fundamentals of supply and demand) for the increase in oil prices has been speculation. Firstly, how does speculation effect prices, and secondly, has the Iraq war led to more speculation, thus further perpetuating the price rise? Please explain clearly and give sources/references.Has the Iraq war led to more oil price speculation?
The Investor's Business Daily editorial board asked, ';What would happen if the U.S. won a war but the media didn't tell the American public? Apparently, we have to rely on a British newspaper for the news that we've defeated the last remnants of al-Qaida in Iraq.';
London's Sunday Times called it ';the culmination of one of the most spectacular victories of the war on terror.'; A terrorist force that once numbered more than 12,000, with strongholds in the west and central regions of Iraq, has over two years been reduced to a mere 1,200 fighters, backed against the wall in the northern city of Mosul.
The destruction of al-Qaida in Iraq (AQI) is one of the most unlikely and unforeseen events in the long history of American warfare. We can thank President Bush's surge strategy, in which he bucked both Republican and Democratic leaders in Washington by increasing our forces there instead of surrendering.
We can also thank the leadership of the new general he placed in charge there, David Petraeus, who may be the foremost expert in the world on counter-insurgency warfare. And we can thank those serving in our military in Iraq who engaged local Iraqi tribal leaders and convinced them America was their friend and AQI their enemy.
Al-Qaida's loss of the hearts and minds of ordinary Iraqis began in Anbar Province, which had been written off as a basket case, and spread out from there.
Now, in Operation Lion's Roar the Iraqi army and the U.S. 3rd Armored Cavalry Regiment is destroying the fraction of terrorists who are left. More than 1,000 AQI operatives have already been apprehended.
Sunday Times reporter Marie Colvin, traveling with Iraqi forces in Mosul, found little AQI presence even in bullet-ridden residential areas that were once insurgency strongholds, and reported that the terrorists have lost control of its Mosul urban base, with what is left of the organization having fled south into the countryside.
Meanwhile, the State Department reports that Iraqi Prime Minister Nouri al-Maliki's government has achieved ';satisfactory'; progress on 15 of the 18 political benchmarks, a big change for the better from a year ago.
Things are going so well that Maliki has even for the first time floated the idea of a timetable for withdrawal of American forces. He did so while visiting the United Arab Emirates, which over the weekend announced that it was forgiving almost $7 billion of debt owed by Baghdad, an impressive vote of confidence from a fellow Arab state in the future of a free Iraq.
But where are the headlines and the front-page stories about all this good news? As the Media Research Center pointed out last week, ';the CBS Evening News, NBC Nightly News and CNN's Anderson Cooper 360 were silent Tuesday night about the benchmarks'; that signaled political progress.
The war in Iraq has been turned around 180 degrees both militarily and politically because the president stuck to his guns. Yet apart from IBD, Fox News Channel and parts of the foreign press, the media don't seem to consider this historic event a big story.Has the Iraq war led to more oil price speculation?
The rational adults in America are asking why we even have a ';shortage'; of oil since Americaisrael just stole Iraq, which has the third largest oil supply in the world.
The Investor's Business Daily editorial board asked, ';What would happen if the U.S. won a war but the media didn't tell the American public? Apparently, we have to rely on a British newspaper for the news that we've defeated the last remnants of al-Qaida in Iraq.';
London's Sunday Times called it ';the culmination of one of the most spectacular victories of the war on terror.'; A terrorist force that once numbered more than 12,000, with strongholds in the west and central regions of Iraq, has over two years been reduced to a mere 1,200 fighters, backed against the wall in the northern city of Mosul.
The destruction of al-Qaida in Iraq (AQI) is one of the most unlikely and unforeseen events in the long history of American warfare. We can thank President Bush's surge strategy, in which he bucked both Republican and Democratic leaders in Washington by increasing our forces there instead of surrendering.
We can also thank the leadership of the new general he placed in charge there, David Petraeus, who may be the foremost expert in the world on counter-insurgency warfare. And we can thank those serving in our military in Iraq who engaged local Iraqi tribal leaders and convinced them America was their friend and AQI their enemy.
Al-Qaida's loss of the hearts and minds of ordinary Iraqis began in Anbar Province, which had been written off as a basket case, and spread out from there.
Now, in Operation Lion's Roar the Iraqi army and the U.S. 3rd Armored Cavalry Regiment is destroying the fraction of terrorists who are left. More than 1,000 AQI operatives have already been apprehended.
Sunday Times reporter Marie Colvin, traveling with Iraqi forces in Mosul, found little AQI presence even in bullet-ridden residential areas that were once insurgency strongholds, and reported that the terrorists have lost control of its Mosul urban base, with what is left of the organization having fled south into the countryside.
Meanwhile, the State Department reports that Iraqi Prime Minister Nouri al-Maliki's government has achieved ';satisfactory'; progress on 15 of the 18 political benchmarks, a big change for the better from a year ago.
Things are going so well that Maliki has even for the first time floated the idea of a timetable for withdrawal of American forces. He did so while visiting the United Arab Emirates, which over the weekend announced that it was forgiving almost $7 billion of debt owed by Baghdad, an impressive vote of confidence from a fellow Arab state in the future of a free Iraq.
But where are the headlines and the front-page stories about all this good news? As the Media Research Center pointed out last week, ';the CBS Evening News, NBC Nightly News and CNN's Anderson Cooper 360 were silent Tuesday night about the benchmarks'; that signaled political progress.
The war in Iraq has been turned around 180 degrees both militarily and politically because the president stuck to his guns. Yet apart from IBD, Fox News Channel and parts of the foreign press, the media don't seem to consider this historic event a big story.Has the Iraq war led to more oil price speculation?
The rational adults in America are asking why we even have a ';shortage'; of oil since Americaisrael just stole Iraq, which has the third largest oil supply in the world.
Monday, April 26, 2010
Purely from an academic point, why does rising oil price weaken the greenback though oil is paid in USD ?
1) because of imported inflation, as US is import reliant and rising oil prices leads to imported inflation, since imports are now more expensive.
2) Also, since oil from OPEC is paid for in USD, what is the impact of rising oil prices on USD? lesser demand for oil leading to lesser demand for USD?
am i correct on both points, or is my reasoning flawed?Purely from an academic point, why does rising oil price weaken the greenback though oil is paid in USD ?
Well think of it this way. Inflation is defined as an overall rise in prices. However, when a particular commodity (oil for instance) rises, it can have a huge impact upon the financial markets.
In other words, it's a sign of inflationary pressure! And inflation decreases the purchasing power of the dollar. Translation, as oil prices rise, inflationary fears increase too, which leads to a falling dolar due to the decrease or a perceived decrease in purchasing power.Purely from an academic point, why does rising oil price weaken the greenback though oil is paid in USD ?
Inflation affects a country's currency at a less quick rate than fluctuations in M1 or M2. However, it is a more steady state of attrition or addition as the case may be.
Oil, in the form of petrodollars sets the standard for today's pricing, in both banking and consumerism.
Lets look at Eurodollars as today's example. Countries rich in petrodollars rather than buy U.S. Treasuries, buy Eurodollars. That gives them significant holdings in the European Central Bank. Thus, Oil's rise keys the Euro rise against the USD.
In recent months, Gold had been tied into Oil's rise, hinting that petrodollars were going into bullion. That strengthened the CHF vs. the USD.
Apparently is goes both ways. A weaker Canadian economy in the past month has seen the Loonie lose vs. the USD solely on Inflation figures, despite Oil's records.
The dollar has lost value ,60% . When you have some thing of little value it takes more to buy anything .salicylic acid
2) Also, since oil from OPEC is paid for in USD, what is the impact of rising oil prices on USD? lesser demand for oil leading to lesser demand for USD?
am i correct on both points, or is my reasoning flawed?Purely from an academic point, why does rising oil price weaken the greenback though oil is paid in USD ?
Well think of it this way. Inflation is defined as an overall rise in prices. However, when a particular commodity (oil for instance) rises, it can have a huge impact upon the financial markets.
In other words, it's a sign of inflationary pressure! And inflation decreases the purchasing power of the dollar. Translation, as oil prices rise, inflationary fears increase too, which leads to a falling dolar due to the decrease or a perceived decrease in purchasing power.Purely from an academic point, why does rising oil price weaken the greenback though oil is paid in USD ?
Inflation affects a country's currency at a less quick rate than fluctuations in M1 or M2. However, it is a more steady state of attrition or addition as the case may be.
Oil, in the form of petrodollars sets the standard for today's pricing, in both banking and consumerism.
Lets look at Eurodollars as today's example. Countries rich in petrodollars rather than buy U.S. Treasuries, buy Eurodollars. That gives them significant holdings in the European Central Bank. Thus, Oil's rise keys the Euro rise against the USD.
In recent months, Gold had been tied into Oil's rise, hinting that petrodollars were going into bullion. That strengthened the CHF vs. the USD.
Apparently is goes both ways. A weaker Canadian economy in the past month has seen the Loonie lose vs. the USD solely on Inflation figures, despite Oil's records.
The dollar has lost value ,60% . When you have some thing of little value it takes more to buy anything .
Is the cost of sunflower oil price fixed higher now because most of the Welsh are using it instead of diesel?
In their cars!Is the cost of sunflower oil price fixed higher now because most of the Welsh are using it instead of diesel?
I heard that you cant buy more than 5 litres at a time is some supermarkets.
just in case the government are losing some tax robin bastardsIs the cost of sunflower oil price fixed higher now because most of the Welsh are using it instead of diesel?
I would not think so, what relevance have the people of wales got to do with the price of sunflower oil, in the whole wide world I do not believe a country the size of wales could really have any influence on the price of any commodity such as sunflower oil. I fail to see any connection between wales and the price of sunflower oil
The sunflower they used are grown in country. Sunflower oil take lot of sunflower seeds. And sunflow seed can be ate and used in cooking. We grow most of our own sunflower. It is on crop per year. There are other crops that can growed two time a year in soom area s.
i had noticed when shopping that the price for oil had increaced ,but nearly all grocery prices have rocketed. you dont get much change out of 100 pounds at asda these days.
Possibly! But please remember that to use Sunflower Oil, your car needs to be ';chipped';!
I heard that you cant buy more than 5 litres at a time is some supermarkets.
just in case the government are losing some tax robin bastardsIs the cost of sunflower oil price fixed higher now because most of the Welsh are using it instead of diesel?
I would not think so, what relevance have the people of wales got to do with the price of sunflower oil, in the whole wide world I do not believe a country the size of wales could really have any influence on the price of any commodity such as sunflower oil. I fail to see any connection between wales and the price of sunflower oil
The sunflower they used are grown in country. Sunflower oil take lot of sunflower seeds. And sunflow seed can be ate and used in cooking. We grow most of our own sunflower. It is on crop per year. There are other crops that can growed two time a year in soom area s.
i had noticed when shopping that the price for oil had increaced ,but nearly all grocery prices have rocketed. you dont get much change out of 100 pounds at asda these days.
Possibly! But please remember that to use Sunflower Oil, your car needs to be ';chipped';!
Oil price is creeping back up again, are we going to see 200 dollar oil this summer?
It looks like it could spike up quickly again!Oil price is creeping back up again, are we going to see 200 dollar oil this summer?
What's funny is this time they can't blame it on Bush.
But to answer your question before some liberal without a sense of humor reports me, no, I do not think it will spike that high. Mostly I think we are seeing the typical increase as we switch to summer blends of fuel and demand goes up for vacation travel.Oil price is creeping back up again, are we going to see 200 dollar oil this summer?
Obama has inherited these high prices from the Bush administration? He can only fix so many problems at once? Let him finish his anti-American follow up tour in the middle east, then he can come home and see what he can do to increase the price of oil and push his green agenda on America. If Obama has his way, yes we will see $200.00 a barrel oil.
Earth- you do know oil supplies are up 20% this year...
I don't see it going that high, but as usual we pay more for gas during the summer just when people are taking their summer vacations.
The only way to fight back is to use less gas, buy more fuel efficient and alternative energy cars. Decreased demand = decreased prices.
doubt it. Increased speculation is a sign the economy is on the rebound but I don't think the economy will improve this summer to the point where it will get anywhere near that high.
The weaker our dollar is the higher the prices. Since Obama is printing money as fast as he can our dollar is getting weaker and weaker.
Doubt it but does not mean we will see lower prices. Oil ad gas prices are based largely on speculation and trading, not actual barrel prices.
This has nothing to do with any president. The trading speculators are back on the prowl again. I doubt that the price will go as high as it did last year.
Sure, why not. We still have no alternative. And there is less oil avaialble this summer than last. And guess what -- next summer there will be even less.
Yep and the Democrats/Liberals will again blame Bush like they did last summer.
guess what folks, demand goes up every summer (driving season) so the price follows.
Obama is in the mid-east, it should rocket up soon.
hey, it's summertime, what else would expect from those greedy bastrads...
Have you been buying energy stocks?
I bought Halliburton, Hess and Exxon and they are all making money.
Don't worry, President Hussein over in the middle east dealing with this right now
What's funny is this time they can't blame it on Bush.
But to answer your question before some liberal without a sense of humor reports me, no, I do not think it will spike that high. Mostly I think we are seeing the typical increase as we switch to summer blends of fuel and demand goes up for vacation travel.Oil price is creeping back up again, are we going to see 200 dollar oil this summer?
Obama has inherited these high prices from the Bush administration? He can only fix so many problems at once? Let him finish his anti-American follow up tour in the middle east, then he can come home and see what he can do to increase the price of oil and push his green agenda on America. If Obama has his way, yes we will see $200.00 a barrel oil.
Earth- you do know oil supplies are up 20% this year...
I don't see it going that high, but as usual we pay more for gas during the summer just when people are taking their summer vacations.
The only way to fight back is to use less gas, buy more fuel efficient and alternative energy cars. Decreased demand = decreased prices.
doubt it. Increased speculation is a sign the economy is on the rebound but I don't think the economy will improve this summer to the point where it will get anywhere near that high.
The weaker our dollar is the higher the prices. Since Obama is printing money as fast as he can our dollar is getting weaker and weaker.
Doubt it but does not mean we will see lower prices. Oil ad gas prices are based largely on speculation and trading, not actual barrel prices.
This has nothing to do with any president. The trading speculators are back on the prowl again. I doubt that the price will go as high as it did last year.
Sure, why not. We still have no alternative. And there is less oil avaialble this summer than last. And guess what -- next summer there will be even less.
Yep and the Democrats/Liberals will again blame Bush like they did last summer.
guess what folks, demand goes up every summer (driving season) so the price follows.
Obama is in the mid-east, it should rocket up soon.
hey, it's summertime, what else would expect from those greedy bastrads...
Have you been buying energy stocks?
I bought Halliburton, Hess and Exxon and they are all making money.
Don't worry, President Hussein over in the middle east dealing with this right now
World crude oil price has decreased by 40 percent in 2 months, why?
because some one has cornered the paper on oil futures ..
and are just setting us up for 200 dollar oil ..
is gonna get ugly ..take care ..
buy rice and beans ..World crude oil price has decreased by 40 percent in 2 months, why?
it was a speculative bubble. Just like housing in 2006 and just like tech stocks in 1998. Oil will go back to 50-60 per barrel by winter, mark my words. You will also see 400-500 dollar gold and 5-6 dollar silver.World crude oil price has decreased by 40 percent in 2 months, why?
Because most people (In the United States of America) are selling their used 8 cylinders cars to mexicans (on eBay) to buy used 4 cylinders cars. (on eBay)
cuz the elections are coming and the Republicans are hoping they have a chance of winning, dont worry after the elections they will jump back up again
and are just setting us up for 200 dollar oil ..
is gonna get ugly ..take care ..
buy rice and beans ..World crude oil price has decreased by 40 percent in 2 months, why?
it was a speculative bubble. Just like housing in 2006 and just like tech stocks in 1998. Oil will go back to 50-60 per barrel by winter, mark my words. You will also see 400-500 dollar gold and 5-6 dollar silver.World crude oil price has decreased by 40 percent in 2 months, why?
Because most people (In the United States of America) are selling their used 8 cylinders cars to mexicans (on eBay) to buy used 4 cylinders cars. (on eBay)
cuz the elections are coming and the Republicans are hoping they have a chance of winning, dont worry after the elections they will jump back up again
I am bearish on crude oil price. What are the best shares to short?
Any particular names that would be hit when oil prices go down to, say, $80 per barrel?I am bearish on crude oil price. What are the best shares to short?
OIL and USO are ETFs that track the price of crude oil. You can short OIL or USO, or buy puts on USO for additional leverage.
There's also DUG, which is a double inverse ETF that tracks the DOW oil and gas companies. When the share price of those companies goes down, the share price of DUG will go up at about twice the rate.
OIL and USO are ETFs that track the price of crude oil. You can short OIL or USO, or buy puts on USO for additional leverage.
There's also DUG, which is a double inverse ETF that tracks the DOW oil and gas companies. When the share price of those companies goes down, the share price of DUG will go up at about twice the rate.
Do you think that the economic crisis will effect the crude oil price?
Will it increase or decrease it's price?Do you think that the economic crisis will effect the crude oil price?
yes it will.slow down of economy will create a bearish market for oil i.e going down.Do you think that the economic crisis will effect the crude oil price?
If u see physically,Infact it has, the price of oil which was pumped to more than 110 dollars per barrel has reached to 86 dollars now
but
for small oil importing countries this decrease has not brought any good news as the price of dollar has rosen much higher....
so if u see relatively, all in all it wont effect much ,if we see in totality...
may be it will evoke OPEC to produce more oil...
That is a positive yes, when you have one thing offset another will follow. And we americans have the most dependency on the oil. Thus means the good old supply and demand effect.
Haha, what do you think? What wishful thinking.
yes it will.slow down of economy will create a bearish market for oil i.e going down.Do you think that the economic crisis will effect the crude oil price?
If u see physically,Infact it has, the price of oil which was pumped to more than 110 dollars per barrel has reached to 86 dollars now
but
for small oil importing countries this decrease has not brought any good news as the price of dollar has rosen much higher....
so if u see relatively, all in all it wont effect much ,if we see in totality...
may be it will evoke OPEC to produce more oil...
That is a positive yes, when you have one thing offset another will follow. And we americans have the most dependency on the oil. Thus means the good old supply and demand effect.
Haha, what do you think? What wishful thinking.
Where will the crude oil price be 7 days from now?
By 7 days i mean August 11 just before this question expires. My guess is $108 or less. What do you think?
Best answer to the most accurate prediction. Where will the crude oil price be 7 days from now?
115 $Where will the crude oil price be 7 days from now?
I don鈥檛 know about you guys but I鈥檓 getting very sick and tired of having to spend an unreasonable percentage of my monthly income just to drive around. Living in California certainly does not help the situation, either!...
If we knew for certain, do you think we would divulge information which could be converted to serious dollars?salicylic acid
Best answer to the most accurate prediction. Where will the crude oil price be 7 days from now?
115 $Where will the crude oil price be 7 days from now?
I don鈥檛 know about you guys but I鈥檓 getting very sick and tired of having to spend an unreasonable percentage of my monthly income just to drive around. Living in California certainly does not help the situation, either!...
If we knew for certain, do you think we would divulge information which could be converted to serious dollars?
How will the new oil price increase affect the government's initiative for economic growth in the Philippines?
Spiralling increases in costs of commodities, labor unrest, might set back some economic gains. But the marketplace goes on, following laws of supply and demand.
The Philippine ship of state will go through the rough waters, as we've been sailing along all these years. Steady as she goes.
The Philippine ship of state will go through the rough waters, as we've been sailing along all these years. Steady as she goes.
Why the crude oil price incerasing day by day?
I just want to know how the crude oil barrel rate is decided and why it is increasing day by day?Why the crude oil price incerasing day by day?
IT's like anything else..the more you need or want something the more valueable it becomes...
Until we don't need it as much or find other ways of running things that need oil to run,,it will keep going up..
Supply and demand .....that's the name of the game ...
GREED is a huge factor sad to say.Why the crude oil price incerasing day by day?
Dubai is the main cause for all these
http://probedeep.blogspot.com/2008/07/rising-oil-prices-and-rising.html Report Abuse
The simple rule of demand and supply applies here. As supply of crude oil is limited and its demand is increasing, its price is responding to it. That is why the crude oil price is increasing. Also, we can't stop countries like Iraq and Iran to decide the price as they can dictate their terms because they have majority of the oil wells. I hope this solves your query.
Oil speculators on the commodities market are driving up the price. But the price per barrell has actually dropped about $10 over the past few days.
That's why we should all support more oil drilling in the States. Even if it will take 5 years to get that oil, the prospect of increased supply will effect the futures market.
It has also to do something with Commodity trading. It is being actively traded and resulting in price rise.
Also, there is fear of a US invasion on Iran due to the latter's nuclear programme. This amounts to concern over availability of regular oil supply from Iran in near future rasing the price of crude oil.
GREED
If you really want to know the answer, and not just a political rant, go here
http://captaincapitalism.blogspot.com/20鈥?/a>
and here
http://captaincapitalism.blogspot.com/20鈥?/a>
and check out the charts.
Bottom line is this. Enviornmentalists pretty much shut down energy production in this country over the past 30 years. They put up pretty photos of Caribou and told scary stories about how big evil oil companies were going to kill Flipper and Bambi (which is silly, because there is no way the oil company could make money by killing Flipper and Bambi...) and pretty much made anything related to energy production economically impossible. This was politically popular enough that people would vote for it. However actually cutting down on energy usage was not popular and nobody has done so...everyone keeps buying plasma screens and SUVs.
This means that any new energy had to be imported.
For a long time we got away with that, as we were the world's largest consumer of energy. Europe had the North Sea oil fields. France has gone to nuclear power for their electricity needs, as has Japan, and the Communist countires got subsidized oil and gas from the USSR.
Then Communisim shut down in 1989. China went capitalist, and so has India. It took about 15 years, but millions of people in both India and China got rich, and millions more made it into the middle class. They started buying cars, and refrigerators, and air conditioners, and TVs and computers and plasma screens just like Americans and Europeans do.
This meant they started using a lot more energy. For that matter Brazil and Eastern Europe did too. Demand started going up.
Supply stayed pretty much the same. Politics is the biggest limiting factor in where you can and can not drill. In the US it is enviornmentalists that stop the drilling, but other countries have other problems. Nigeria is very corrupt and there are rebles there that kidnap oil company employees for ransom and demand payoffs not to blow up pipelines and wells. In Venezuela, Russia, and Bolivia the governments simply came in and took over the oil fields at gunpoint. Iran is doing everything it can to get Israel to attack it, any gelological exploration of Antartica (much less actuall drilling) is banned by a UN Enviornmental treaty. You get the idea.
Around the middle of 2004 demand started catching up with supply. Prices started rising. This is responsible for the vast majority of the oil price rise.
The fact the Dollar has dropped hasn't helped any, but if you look at the charts on the webpage I linked to you see that oil has gone up for people that pay in Euros as well. You also see that other commodities have also gone up...for pretty much the same reason...enviornmentalists restrict our ability to produce these things, and demand for them is increasing.
Speculation in Oil, as with all commodities, is there because the trend is clear. Demand is rising, (look at China and India, etc.) and Supply isn't...and it won't. (Look at Nancy Pelosi saying that she won't even let the House take a vote on Offshore Oil Drilling.http://www.iht.com/articles/2008/07/17/a鈥?/a> )
This means the price will only continue to rise until one of two things happens. A) the political will of the enviornmentalists breaks, and the laws get changed. This would mean that new supply would be coming to the market...not immediately but eventually, and that would mean that the price won't keep going up forever. This would cause the bubble to colapse...much like tech stocks did in 2000, and the housing bubble is doing now.
Oil has historically been a boom and bust buisness. (1986 was the last big oil bust, and it was brutial.) This is not the first time that demand has caught up with supply. What normally happens is when the price gets high, new drilling takes place, and more supply is produced and the price falls back to it's original level. The cycle normally takes about 7 to 10 years or so. What makes this time different is that this is the first time that politics has interfered and prevented the cycle from continuing.
The Dems are right about one thing... if drilling were allowed today, you wouldn't see new supply on line for about three years. However what they aren't telling you is that the simple fact more supply WAS coming, even if it was three years away, would cause the speculators to drop out of the market...simply because they would see that the price would be falling back at some point and nobody wants to be the LAST guy to buy oil at over $100 a barrel. That would probably put oil back in the $80-100 range...the new supply would drop prices as it came on line over time.
The other alternative is B) the economy colapses from high energy prices, plunging the US and the rest of the world into a recession, as demand (i.e. economic activity) shrinks back to a level that can be sustained at the current high prices. This would make the high prices permanent as the economy adjusted to them, and everyone would be unnecessairly poorer...as we would all be paying more for energy due to a poltically (not economically) driven scarcity.
Right now, given the polticall situation and Obama's lead in the polls....it looks like B is what is going to happen. That means no new drilling till at least 2012...so the speculators keep on betting that the price will continue to rise.
IT's like anything else..the more you need or want something the more valueable it becomes...
Until we don't need it as much or find other ways of running things that need oil to run,,it will keep going up..
Supply and demand .....that's the name of the game ...
GREED is a huge factor sad to say.Why the crude oil price incerasing day by day?
Dubai is the main cause for all these
http://probedeep.blogspot.com/2008/07/rising-oil-prices-and-rising.html Report Abuse
The simple rule of demand and supply applies here. As supply of crude oil is limited and its demand is increasing, its price is responding to it. That is why the crude oil price is increasing. Also, we can't stop countries like Iraq and Iran to decide the price as they can dictate their terms because they have majority of the oil wells. I hope this solves your query.
Oil speculators on the commodities market are driving up the price. But the price per barrell has actually dropped about $10 over the past few days.
That's why we should all support more oil drilling in the States. Even if it will take 5 years to get that oil, the prospect of increased supply will effect the futures market.
It has also to do something with Commodity trading. It is being actively traded and resulting in price rise.
Also, there is fear of a US invasion on Iran due to the latter's nuclear programme. This amounts to concern over availability of regular oil supply from Iran in near future rasing the price of crude oil.
GREED
If you really want to know the answer, and not just a political rant, go here
http://captaincapitalism.blogspot.com/20鈥?/a>
and here
http://captaincapitalism.blogspot.com/20鈥?/a>
and check out the charts.
Bottom line is this. Enviornmentalists pretty much shut down energy production in this country over the past 30 years. They put up pretty photos of Caribou and told scary stories about how big evil oil companies were going to kill Flipper and Bambi (which is silly, because there is no way the oil company could make money by killing Flipper and Bambi...) and pretty much made anything related to energy production economically impossible. This was politically popular enough that people would vote for it. However actually cutting down on energy usage was not popular and nobody has done so...everyone keeps buying plasma screens and SUVs.
This means that any new energy had to be imported.
For a long time we got away with that, as we were the world's largest consumer of energy. Europe had the North Sea oil fields. France has gone to nuclear power for their electricity needs, as has Japan, and the Communist countires got subsidized oil and gas from the USSR.
Then Communisim shut down in 1989. China went capitalist, and so has India. It took about 15 years, but millions of people in both India and China got rich, and millions more made it into the middle class. They started buying cars, and refrigerators, and air conditioners, and TVs and computers and plasma screens just like Americans and Europeans do.
This meant they started using a lot more energy. For that matter Brazil and Eastern Europe did too. Demand started going up.
Supply stayed pretty much the same. Politics is the biggest limiting factor in where you can and can not drill. In the US it is enviornmentalists that stop the drilling, but other countries have other problems. Nigeria is very corrupt and there are rebles there that kidnap oil company employees for ransom and demand payoffs not to blow up pipelines and wells. In Venezuela, Russia, and Bolivia the governments simply came in and took over the oil fields at gunpoint. Iran is doing everything it can to get Israel to attack it, any gelological exploration of Antartica (much less actuall drilling) is banned by a UN Enviornmental treaty. You get the idea.
Around the middle of 2004 demand started catching up with supply. Prices started rising. This is responsible for the vast majority of the oil price rise.
The fact the Dollar has dropped hasn't helped any, but if you look at the charts on the webpage I linked to you see that oil has gone up for people that pay in Euros as well. You also see that other commodities have also gone up...for pretty much the same reason...enviornmentalists restrict our ability to produce these things, and demand for them is increasing.
Speculation in Oil, as with all commodities, is there because the trend is clear. Demand is rising, (look at China and India, etc.) and Supply isn't...and it won't. (Look at Nancy Pelosi saying that she won't even let the House take a vote on Offshore Oil Drilling.http://www.iht.com/articles/2008/07/17/a鈥?/a> )
This means the price will only continue to rise until one of two things happens. A) the political will of the enviornmentalists breaks, and the laws get changed. This would mean that new supply would be coming to the market...not immediately but eventually, and that would mean that the price won't keep going up forever. This would cause the bubble to colapse...much like tech stocks did in 2000, and the housing bubble is doing now.
Oil has historically been a boom and bust buisness. (1986 was the last big oil bust, and it was brutial.) This is not the first time that demand has caught up with supply. What normally happens is when the price gets high, new drilling takes place, and more supply is produced and the price falls back to it's original level. The cycle normally takes about 7 to 10 years or so. What makes this time different is that this is the first time that politics has interfered and prevented the cycle from continuing.
The Dems are right about one thing... if drilling were allowed today, you wouldn't see new supply on line for about three years. However what they aren't telling you is that the simple fact more supply WAS coming, even if it was three years away, would cause the speculators to drop out of the market...simply because they would see that the price would be falling back at some point and nobody wants to be the LAST guy to buy oil at over $100 a barrel. That would probably put oil back in the $80-100 range...the new supply would drop prices as it came on line over time.
The other alternative is B) the economy colapses from high energy prices, plunging the US and the rest of the world into a recession, as demand (i.e. economic activity) shrinks back to a level that can be sustained at the current high prices. This would make the high prices permanent as the economy adjusted to them, and everyone would be unnecessairly poorer...as we would all be paying more for energy due to a poltically (not economically) driven scarcity.
Right now, given the polticall situation and Obama's lead in the polls....it looks like B is what is going to happen. That means no new drilling till at least 2012...so the speculators keep on betting that the price will continue to rise.
Why Oil Stock fall despite we in record high oil price?
I was surprise to see my oil stock still fall after so news of oil price in record high. Are the company keep all the profit them self and not share to the stock holder?Why Oil Stock fall despite we in record high oil price?
That's not the reason. Much of an oil company's profit comes from value-added process of oil refining (turning crude oil into gasoline, heating oil, kerosene, etc.), not from sales of crude oil itself.
Most American oil companies have to *buy* crude oil from other countries, so higher crude oil prices can actually harm their profits. High crude oil prices only become good for oil companies if prices of gasoline and heating oil go up proportionally, but that's driven by other market forces (supply and demand), not just the crude oil price.Why Oil Stock fall despite we in record high oil price?
Crude prices are just that - crude prices. Oil companies deal with transportation, refining and delivery. Much different.
That's not the reason. Much of an oil company's profit comes from value-added process of oil refining (turning crude oil into gasoline, heating oil, kerosene, etc.), not from sales of crude oil itself.
Most American oil companies have to *buy* crude oil from other countries, so higher crude oil prices can actually harm their profits. High crude oil prices only become good for oil companies if prices of gasoline and heating oil go up proportionally, but that's driven by other market forces (supply and demand), not just the crude oil price.Why Oil Stock fall despite we in record high oil price?
Crude prices are just that - crude prices. Oil companies deal with transportation, refining and delivery. Much different.
How will the current dangerously low oil price affect the US economy?
Dangerously low????
Low oil prices can only help the economy.
People will be more willing to drive and spend when petroleum products are cheap.
How will the current dangerously low oil price affect the US economy?
It could hurt us by reducing the incentive to invest in alternative energy-- which we need to take seriously.How will the current dangerously low oil price affect the US economy?
it will not affected the usa but will affected other country like canada
Low oil prices can only help the economy.
People will be more willing to drive and spend when petroleum products are cheap.
How will the current dangerously low oil price affect the US economy?
It could hurt us by reducing the incentive to invest in alternative energy-- which we need to take seriously.How will the current dangerously low oil price affect the US economy?
it will not affected the usa but will affected other country like canada
How does oil price hike affects Philippine economy?
please comment on this..i really have to know.How does oil price hike affects Philippine economy?
prices of commodities will increase or jeepney drivers will demand for higher fare
prices of commodities will increase or jeepney drivers will demand for higher fare
How much do you think oil price will rises if you invade Iran?
AMERICAN SMART.A.S.S.3.S
(specially dedicated to BUSH and MCCAIN Suporters)How much do you think oil price will rises if you invade Iran?
Since it hit $140 a barrel today, I'd say the price of Oil would go well past $200 a barrel and possibly up to $400. Iran supplies the world with alot of oil and I'm sure alot of other oil producing countries would slow down production in retaliation to America attacking that country.
stygianw... says the NYT is a liberal rag. You're wrong. NYT was one of the biggest promoters and supporters of the war in Iran. And, it is the journalists on the progressive left that first broke this story years ago. We've been wondering why Bush hasn't gone after Pakistan and insist on this 'scientist' be completely locked away. The fact remains he is only under house arrest and has access to information and the internet still. The Pakistani government and people consider this guy a hero. But then again, people as dumb as you consider Bush a hero.How much do you think oil price will rises if you invade Iran?
Before you go all liberal on me,could you look up in the New York Times( a leftist newspaper,by the way) and Look up the story on Dr Khan from Pakistan.In short the story talks about nuclear missle warhead designs found on his computers(in various countries ,including Switzerland) and possibly sold to Iran,Libya,and North Korea.( now remember the New York Times is on your side) Why would they report a story the left doesnt believe in?Dr. Khan was a master scientist for Pakistan on centrifuge technology,you know,the same things Iran has built and continues to build.Wasnt it Iran that said they were out to annihalate Israel?Wouldnt that be starting a war?All I can tell you is do some research before you rant,because its better to be a smart @ss ,than Being a Dumb@ss!!!
I'm not really a McCain supporter, but I cannot stand Bush, and I find it hard to believe that the US let him be President for 8 years.
However, I feel that Obama will take bad and make it worse. He has no experience with economics, and is factually known as a ';pretty'; politician, who has nothing to back him up. He's been called the ';empty suit'; by many.
Why don't we actually get to elect the President with our votes? I believe Americans are more intelligent than Obama has imagined.
PS Iran only supplies US with 10% of our oil. 40% comes from Canada, and 20% comes from Mexico. There would be little effect on prices due to supply. Price Gouging would be the problem.
They are high now because of threats from our executive branch to take aggressive measures towards them.
OPEC has said specifically, instability in oil rich countries will cause them to slower production in case the oil is lost, thereby increase the price. The war in Afghanistan and the occupation of Iraq contribute heavily to this -- and now the threat to Iran.
Coupled with the falling U.S. dollar and the deregulated speculation market, we are being screwed.
I was at a dinner with retired General Zinni a few nights ago and he said that if we attack Iran, we'd be looking at $20 a gallon, if and when we can find any.
******
Edit: LOL to the thumb downs. Zinni was a four-star general in the United States Marine Corps and a former Commander in Chief of U.S. Central Command (CENTCOM). He was also selected to be a special envoy for the United States to the Israeli/ Palestinian conflict. I think he might know a tad bit more than our little thumbs down fairy about international affairs. lol... ;o)
Who knows? It could go up or down. I thought the invasion of Iran was already priced into a barrel of oil?? Thanks to speculators on Wall Street. We don't even have to invade or bomb Iran. The oil goes up exponentially anyway because of speculation.
It will drop heaps. Firstly because they would kick our A##
so there would be less demand for oil.
Secondly if we were to invade a second country in the middle east the rest would stop supplying oil to us and we could live on our own reserves at a much better price.
Isn't that what you wacko environmentalist freaks want? The higher the price, the less we use, the less we destroy the environment? I would think you guys would be supporting an invasion of Iran.
Uh last I looked, the US signed a truce with Iran promising never to interfere with its internal policies. Since we've adhered to that principle it won't be the US that invades.
However, that doesn't preclude China from invading does it?
It would hit and surpass $150 a barrel upon the mention of US forces getting ready to invade.
People better get ready to go back to horse and buggy when the invasion started.
Pull out your skates and bicycles.
America will go right down the tubes...completely.
Obama and Gore won't have a chance in hell of pulling us out.
The americans won't dare to invade Iran.Iran can fight back.
'oly $h!鈥?
That would be the stupidest move if the Americans did it.
By 300 US dollars.
I don't think radioactive oil would be much good for anything. dumb.
drops to 99 cents a gallon.
We aren't going to invade ALL of Iran...just the oily parts.
we wont,israel will,lolsalicylic acid
(specially dedicated to BUSH and MCCAIN Suporters)How much do you think oil price will rises if you invade Iran?
Since it hit $140 a barrel today, I'd say the price of Oil would go well past $200 a barrel and possibly up to $400. Iran supplies the world with alot of oil and I'm sure alot of other oil producing countries would slow down production in retaliation to America attacking that country.
stygianw... says the NYT is a liberal rag. You're wrong. NYT was one of the biggest promoters and supporters of the war in Iran. And, it is the journalists on the progressive left that first broke this story years ago. We've been wondering why Bush hasn't gone after Pakistan and insist on this 'scientist' be completely locked away. The fact remains he is only under house arrest and has access to information and the internet still. The Pakistani government and people consider this guy a hero. But then again, people as dumb as you consider Bush a hero.How much do you think oil price will rises if you invade Iran?
Before you go all liberal on me,could you look up in the New York Times( a leftist newspaper,by the way) and Look up the story on Dr Khan from Pakistan.In short the story talks about nuclear missle warhead designs found on his computers(in various countries ,including Switzerland) and possibly sold to Iran,Libya,and North Korea.( now remember the New York Times is on your side) Why would they report a story the left doesnt believe in?Dr. Khan was a master scientist for Pakistan on centrifuge technology,you know,the same things Iran has built and continues to build.Wasnt it Iran that said they were out to annihalate Israel?Wouldnt that be starting a war?All I can tell you is do some research before you rant,because its better to be a smart @ss ,than Being a Dumb@ss!!!
I'm not really a McCain supporter, but I cannot stand Bush, and I find it hard to believe that the US let him be President for 8 years.
However, I feel that Obama will take bad and make it worse. He has no experience with economics, and is factually known as a ';pretty'; politician, who has nothing to back him up. He's been called the ';empty suit'; by many.
Why don't we actually get to elect the President with our votes? I believe Americans are more intelligent than Obama has imagined.
PS Iran only supplies US with 10% of our oil. 40% comes from Canada, and 20% comes from Mexico. There would be little effect on prices due to supply. Price Gouging would be the problem.
They are high now because of threats from our executive branch to take aggressive measures towards them.
OPEC has said specifically, instability in oil rich countries will cause them to slower production in case the oil is lost, thereby increase the price. The war in Afghanistan and the occupation of Iraq contribute heavily to this -- and now the threat to Iran.
Coupled with the falling U.S. dollar and the deregulated speculation market, we are being screwed.
I was at a dinner with retired General Zinni a few nights ago and he said that if we attack Iran, we'd be looking at $20 a gallon, if and when we can find any.
******
Edit: LOL to the thumb downs. Zinni was a four-star general in the United States Marine Corps and a former Commander in Chief of U.S. Central Command (CENTCOM). He was also selected to be a special envoy for the United States to the Israeli/ Palestinian conflict. I think he might know a tad bit more than our little thumbs down fairy about international affairs. lol... ;o)
Who knows? It could go up or down. I thought the invasion of Iran was already priced into a barrel of oil?? Thanks to speculators on Wall Street. We don't even have to invade or bomb Iran. The oil goes up exponentially anyway because of speculation.
It will drop heaps. Firstly because they would kick our A##
so there would be less demand for oil.
Secondly if we were to invade a second country in the middle east the rest would stop supplying oil to us and we could live on our own reserves at a much better price.
Isn't that what you wacko environmentalist freaks want? The higher the price, the less we use, the less we destroy the environment? I would think you guys would be supporting an invasion of Iran.
Uh last I looked, the US signed a truce with Iran promising never to interfere with its internal policies. Since we've adhered to that principle it won't be the US that invades.
However, that doesn't preclude China from invading does it?
It would hit and surpass $150 a barrel upon the mention of US forces getting ready to invade.
People better get ready to go back to horse and buggy when the invasion started.
Pull out your skates and bicycles.
America will go right down the tubes...completely.
Obama and Gore won't have a chance in hell of pulling us out.
The americans won't dare to invade Iran.Iran can fight back.
'oly $h!鈥?
That would be the stupidest move if the Americans did it.
By 300 US dollars.
I don't think radioactive oil would be much good for anything. dumb.
drops to 99 cents a gallon.
We aren't going to invade ALL of Iran...just the oily parts.
we wont,israel will,lol
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