Because there isn't any widely distributed substitute for car gasoline, the short-term solution will have to be consuming less gas. Taking less recreational road trips, walking to places when driving isn't necessary, and driving more fuel efficient cars.
The best long-term strategy is to find a reliable substitute for car gas. Honda has created a hydrogene fuel for cars, but its still in the beginning stages. Also Chevy has found transforming corn as fuel can also be helpful.What are the short run and long run strategies to counter the oil price crisis?
My strategy, if I were president, would be to hold a press conference. Announce that if gas prices did not come down drastically within, say 10 days, I would put every barrel the US has in storage on the block. Every last one. Extremely drastic I know but this is ridiculous. Speculators are killing us.
Edit: the cause of skyrocketing oil prices today is not supply and demand. The demand for sweet crude has actually gone down. Like OPEC says, it's the greedy American's fault, let the greedy American's pay for it. What will eventually happen is that speculators will stop buying all the oil and the price will plummet possibly causing another 80's crash.What are the short run and long run strategies to counter the oil price crisis?
The price of oil hike bcause the production of crude oil does not meet the demand, the export from asia for light sweet crude it self drop from 800 000 bbl to 500 000 bbl half a year..
One simple way so the oil price maintain or reduce is to increase production, we all know it is not posible, crude oil is not a renewable energy, thus any oil production country would reserved the crude as an asset.
Other way is to reduce operation cost, we cannot cut ppl salary, then again it is not posible.
The posible way is like one of the answerer wrote, dont buy oil/fuel for a moment..Until the reserved is large and the value drop to the starting price ( which i believe $70 for sweet crude per bbl )..This can only posible if the whole world do this bcause the oil price is determined by the OPEC.
Economic 101. supply and demand.
if everyone in the US would stop driving and not buy gas, the price of gas would go down, but as prices go up and people still buy gas, prices will continue to go up. all we need to do is band together and stop buying gas. I will not drive unless it is very important.
Monday, April 26, 2010
Oil prices are at the lowest levels since early May. Why is our avg price $ per gallon not that low again?
In early May, the average price $ per gallon in the U.S. was under $3 per gallon. Right now, with oil back at that previous level, gasoline is still hovering around $4 per gallon. Tell me that Exxon Mobile is not gouging us.Oil prices are at the lowest levels since early May. Why is our avg price $ per gallon not that low again?
Because the $114.00 a barrel price is for September delivery price. When oil last month was $147.00 a barrel it is todays price.Oil prices are at the lowest levels since early May. Why is our avg price $ per gallon not that low again?
The minute the oil raises on the stock markets ,they change station prices.When it goes down it takes 2 months.
Yes they are screwing us big time.
prices are going down slowly here=paid $3.55 for regular yesterday
I paid $3.49 yesterday. I don't know what you are talking about.
Because the $114.00 a barrel price is for September delivery price. When oil last month was $147.00 a barrel it is todays price.Oil prices are at the lowest levels since early May. Why is our avg price $ per gallon not that low again?
The minute the oil raises on the stock markets ,they change station prices.When it goes down it takes 2 months.
Yes they are screwing us big time.
prices are going down slowly here=paid $3.55 for regular yesterday
I paid $3.49 yesterday. I don't know what you are talking about.
What is the biggest impact of oil price increase and limited access over the next 20 years?
Studies and research more towards alternative source of fuel/energy
Isn't this a much bigger source of the oil price problem than anyone gives it credit to be?
We all want to blame the oil companies trying to make a buck, some want to blame the Arabs, some know that the demand in oil consumption of countries like China and India is increasing the price and that supply is off because of instability in Nigeria and the lunatic in Venezuela. But very few are taking into account the commodities speculators on Wall Street who are making money hand over fist betting on the flow of oil. Is there a way that we could take them out of the equation and bring the price down to a sensible level?Isn't this a much bigger source of the oil price problem than anyone gives it credit to be?
Speculators will always be in the mix.And when you have all forms of the media expounding on the shortages and the rising cost, aren't they playing right into the hands of the speculators? Get the media to shut up, have a little less brainwashing of the public and good things may happen. Also do your part. Travel only when necessary. Consume less fuel.Isn't this a much bigger source of the oil price problem than anyone gives it credit to be?
Quite frankly, most people are astonished that Americans pay HALF the price for gas as we do in Britain, and still whine about their lot in life.
IMO, you need not have gone any further than the oil companies and OPEC countries (Of which the USA is one) to place the blame for rising prices. We are going to be seeing record profits by the refineries this year. As well as increased demand from China, India (Hell, why not add 120 more countries to that list - INCLUDING YOURS?), we have instability in the middle east and that lunatic in the white house.
If wall street speculations on oil get your goat, spare a moment for the hundreds of millions who will go hungry this year because the same speculators have pushed up the price of basic staple foods like wheat, corn and rice. There's very little more immoral than the rich profiting off the poor. Don't worry though - Mr.Bush and his oil buddies will be laughing all the way to the bank, and your hedge fund managers can declare themselves another profitable year on rice futures.
Speculators will always be in the mix.And when you have all forms of the media expounding on the shortages and the rising cost, aren't they playing right into the hands of the speculators? Get the media to shut up, have a little less brainwashing of the public and good things may happen. Also do your part. Travel only when necessary. Consume less fuel.Isn't this a much bigger source of the oil price problem than anyone gives it credit to be?
Quite frankly, most people are astonished that Americans pay HALF the price for gas as we do in Britain, and still whine about their lot in life.
IMO, you need not have gone any further than the oil companies and OPEC countries (Of which the USA is one) to place the blame for rising prices. We are going to be seeing record profits by the refineries this year. As well as increased demand from China, India (Hell, why not add 120 more countries to that list - INCLUDING YOURS?), we have instability in the middle east and that lunatic in the white house.
If wall street speculations on oil get your goat, spare a moment for the hundreds of millions who will go hungry this year because the same speculators have pushed up the price of basic staple foods like wheat, corn and rice. There's very little more immoral than the rich profiting off the poor. Don't worry though - Mr.Bush and his oil buddies will be laughing all the way to the bank, and your hedge fund managers can declare themselves another profitable year on rice futures.
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?
I don't think below 38$ a barrelHow much will the oil price fall further ? Is high fuel price a fake believe for better economic activity?
Hard to say what the oil prices will do. At the moment we're heading into a sort of Depression which is characterized by deflation - lower prices - no credit - nobody spends - people hoard money. So far the big drops in prices have been oil and real estate - whether we'll see this with food I'm not sure. A lot will depend on Obama's stimulus ideas - if they work or not - if the republicans allow them through.
I don't think below 38$ a barrelHow much will the oil price fall further ? Is high fuel price a fake believe for better economic activity?
Hard to say what the oil prices will do. At the moment we're heading into a sort of Depression which is characterized by deflation - lower prices - no credit - nobody spends - people hoard money. So far the big drops in prices have been oil and real estate - whether we'll see this with food I'm not sure. A lot will depend on Obama's stimulus ideas - if they work or not - if the republicans allow them through.
What can people around the world do that the rocketing rise oil price?
It's the global issue !What can people around the world do that the rocketing rise oil price?
What can people do? Well as individuals their impacts wouldn't be a lot. But as a collective (and I'm not trying to prhase this in socialist terms here) they can make a large impact.
They can cut back on their usage of cars. They can make shorter trips, try not to pump gas so much, go only (travel, or head to other places) when necessary (like to work, necessary meetings, school, etc). They can also push their legislators to fund more alternate energy (long term idea though). Additionally, they could ride bikes, walk, or use transportation doesn't involve cars. They could take the bus or use public transportation. The government could help out (if the opp cost is not high) by giving incentives for people to do so. And yes people should think of using non-vehicle methods and they, if deciding to still drive, can use cars with better MPGs.
What can governments do: Not all that much. They can urge the oil companies to produce more oil to offset the high demand and prices. They can also invest in alternate energy methods (but that's long term). They could give incentives to companies to produce alternate energy and/or make cars with better MPG (not regulate them to do so though, b/c regulation will increase costs. Rather, they should provide incentives). Furthermore, they should not regulate speculation. Its dangerous to do so...and its hard to tell whether governments or gov supported organization would do a better job setting prices. Lastly, countries such as the US can have a less aggressive policy in the Middle East. Aggression and tension have contributed to high gas prices.What can people around the world do that the rocketing rise oil price?
Oil is brought on the market using the US dollar, so is hard for people around the world to do something about a currency they have no power of. The US dollar has weakened and many traders are speculating prices and using federal law loop holes to make there profit.
The sky rocketing prices is mainly do to the fact that oil companies understand that there is a possibility that the democrats will win the white house and senate and then stop them from profiting as they wish. So they are making there big hit now before it’s too late.
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.
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.
We could stop punishing oil companies to look for alternative sources of energy, if they don't want to why should we force them too.
It is a free market, and if people really wanted to they could invest in this idea.
So I tell you now and the world ';Stop punishing them.';
Was it worth it?salicylic acid
What can people do? Well as individuals their impacts wouldn't be a lot. But as a collective (and I'm not trying to prhase this in socialist terms here) they can make a large impact.
They can cut back on their usage of cars. They can make shorter trips, try not to pump gas so much, go only (travel, or head to other places) when necessary (like to work, necessary meetings, school, etc). They can also push their legislators to fund more alternate energy (long term idea though). Additionally, they could ride bikes, walk, or use transportation doesn't involve cars. They could take the bus or use public transportation. The government could help out (if the opp cost is not high) by giving incentives for people to do so. And yes people should think of using non-vehicle methods and they, if deciding to still drive, can use cars with better MPGs.
What can governments do: Not all that much. They can urge the oil companies to produce more oil to offset the high demand and prices. They can also invest in alternate energy methods (but that's long term). They could give incentives to companies to produce alternate energy and/or make cars with better MPG (not regulate them to do so though, b/c regulation will increase costs. Rather, they should provide incentives). Furthermore, they should not regulate speculation. Its dangerous to do so...and its hard to tell whether governments or gov supported organization would do a better job setting prices. Lastly, countries such as the US can have a less aggressive policy in the Middle East. Aggression and tension have contributed to high gas prices.What can people around the world do that the rocketing rise oil price?
Oil is brought on the market using the US dollar, so is hard for people around the world to do something about a currency they have no power of. The US dollar has weakened and many traders are speculating prices and using federal law loop holes to make there profit.
The sky rocketing prices is mainly do to the fact that oil companies understand that there is a possibility that the democrats will win the white house and senate and then stop them from profiting as they wish. So they are making there big hit now before it’s too late.
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.
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.
We could stop punishing oil companies to look for alternative sources of energy, if they don't want to why should we force them too.
It is a free market, and if people really wanted to they could invest in this idea.
So I tell you now and the world ';Stop punishing them.';
Was it worth it?
What's going on with the crude oil price? Why is it still pushing up?
Can anybody explain to me why is the price of crude oil continues to pushing upward?
The highest price in mid summer was $75, and at the time I thought that was high. Now, it seems the price $75/barrel is like a miracle.
Are we demanding more oil during the winter month than the busy summer season? What is going on? Was there a hurricane hit somewhere that I missed? Is the hurricane season still going on?
I can't understand the spike in the crude oil price so late in the year.What's going on with the crude oil price? Why is it still pushing up?
Demand for oil continues to grow while supplies are peaking. China and other countries are industrializing. More products are based on fossil fuels. Unfortunately the price is only going to rise.What's going on with the crude oil price? Why is it still pushing up?
Because you are STILL driving everyday a car that runs on gasoline alone.
I suggest you to buy a Honda Insight 2000 for just $8,950.00 USD on Ebay (Item Number 320164299444) or a Toyota Prius 2001 for just $7,950.00 (Item Number 220156189507)
When the fed cut rates it made the dollar much weaker hence the price of all commodities rose in price since commodities are priced in dollars.
The highest price in mid summer was $75, and at the time I thought that was high. Now, it seems the price $75/barrel is like a miracle.
Are we demanding more oil during the winter month than the busy summer season? What is going on? Was there a hurricane hit somewhere that I missed? Is the hurricane season still going on?
I can't understand the spike in the crude oil price so late in the year.What's going on with the crude oil price? Why is it still pushing up?
Demand for oil continues to grow while supplies are peaking. China and other countries are industrializing. More products are based on fossil fuels. Unfortunately the price is only going to rise.What's going on with the crude oil price? Why is it still pushing up?
Because you are STILL driving everyday a car that runs on gasoline alone.
I suggest you to buy a Honda Insight 2000 for just $8,950.00 USD on Ebay (Item Number 320164299444) or a Toyota Prius 2001 for just $7,950.00 (Item Number 220156189507)
When the fed cut rates it made the dollar much weaker hence the price of all commodities rose in price since commodities are priced in dollars.
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