EvanRude
Sophomore Author
Raleigh
Posts:216
Points:1,082,505
Joined:Sep 2005
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Message Posted: Apr 30, 2012 11:07:27 PM
The Republican Nixon. Had he and Kissinger not opened up China the increased demand from that large, growing country would not impact the price of oil today.
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clarkl23
Rookie Author
Boston
Posts:1
Points:33,545
Joined:Apr 2011
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Message Posted: Apr 30, 2012 11:05:43 PM
Most industry watchers say that speculators add $20-40/per barrel to the cost of oil. Make the speculators take delivery of 10% of what they buy contracts on and watch what happens to the price.
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mconley1967
All-Star Author
Louisville
Posts:586
Points:360,980
Joined:Mar 2012
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Message Posted: Apr 30, 2012 11:04:25 PM
Ok
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listerone
Champion Author
Boston
Posts:3,385
Points:879,765
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Message Posted: Apr 30, 2012 11:03:41 PM
1/20/2013...The End Of An Error
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John747
Champion Author
Chicago
Posts:472,405
Points:3,626,860
Joined:Aug 2001
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Message Posted: Apr 30, 2012 11:02:49 PM
Interesting that they didn't bother to mention this countries monetary policy. Since the world price of oil is in dollars when the dollar is devalued then the price of oil increases.
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firefly09
Champion Author
San Diego
Posts:2,497
Points:716,700
Joined:Mar 2009
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Message Posted: Apr 30, 2012 11:02:08 PM
We are in big trouble and no one is doing anything about it. We need a whole new congress, president, etc.
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justmedc
Veteran Author
Michigan
Posts:382
Points:174,045
Joined:Mar 2012
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Message Posted: Apr 30, 2012 11:01:24 PM
just let the prices drop. then the demand may go back up. keep them down the demand will stay up. and big oil can still make a profit by selling more for less.
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THX138
Champion Author
San Francisco
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Message Posted: Apr 30, 2012 11:00:07 PM
k
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drz614
Champion Author
Harrisburg
Posts:2,309
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Message Posted: Apr 30, 2012 10:58:14 PM
ok
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coke_kid
Champion Author
Chicago
Posts:1,536
Points:324,370
Joined:Nov 2005
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Message Posted: Apr 30, 2012 10:57:33 PM
NO! GasCzarCO Stop making excuses for this president, im sick of people making excuses for him or Him blaming others for things going on...
This president is part to blame and the facts show it im sorry to burst your misinformed info but facts are facts..
Has Obama cut drilling on federal land----> yes 38%
Has Obama said in his own words he will make energy prices sky rocket---> yes.
Has Obama spent 5 trillion in 3 yrs more than any president in history---> yes
Has Obamas spending trillions caused the devalue of the dollar and spiked inflation on goods on sugar 111% ----> yes (and everything else)
Im sorry GasCzarCO but the facts are out there look them up this is not lies or from cnn or msnbc or fox this is the real numbers in facts! So yes theses are his doings and America cant afford aObama and nor can the people... remember no budget from Obama in 3 yrs now..
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PetroScopper
Champion Author
Houston
Posts:6,632
Points:1,551,925
Joined:Aug 2008
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Message Posted: Apr 30, 2012 10:55:48 PM
It really doesn't matter what Politifact or any other source says, people will still always believe what they want to believe. Most Americans are so extremely uninformed that it is utterly ridiculous- it is simply sad that nobody cares enough, or are just too lazy to try to look into what is actually true and real.
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jtfftj
Champion Author
New Hampshire
Posts:2,181
Points:1,250,030
Joined:Sep 2005
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Message Posted: Apr 30, 2012 10:49:55 PM
Well said, GOGOGoodyear. Except that you are stuck with Jerry Brown. Poor you.
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DeeLA
Champion Author
Los Angeles
Posts:4,823
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Message Posted: Apr 30, 2012 10:49:03 PM
okay
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GoGoGoodyear
Champion Author
Los Angeles
Posts:2,055
Points:508,975
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Message Posted: Apr 30, 2012 10:46:06 PM
While Politifact generally has it right, the real answer to this big question Who To Blame really comes down to US... that's right folks WE are responsible for electing thieves and liars to represent us and run this country!
WE ARE RESPONSIBLE for letting them do this to us, and then rewarding them by electing them into office again instead of giving them the boot. And if YOU didn't vote... YOU are still responsible for throwing away one of your most cherished rights that many other folks died to defend for you to have.
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Killerbabydoll
Champion Author
Tucson
Posts:1,272
Points:550,150
Joined:Sep 2010
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Message Posted: Apr 30, 2012 10:45:34 PM
people just need to stand by one another and help not make things worse by having a huge debate about it.
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GasCzarCO
Champion Author
Colorado Springs
Posts:1,407
Points:801,030
Joined:Mar 2010
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Message Posted: Apr 30, 2012 10:43:40 PM
People need someone to blame so they look to the one man who heads our country. We all know the republicans want back in the White house but realistically Obama's not to blame. The oil companies are international and as such serve the entire world. Crude oil and gas is priced on the world market to the highest bidder and although you may want lower gas prices unless the world demand shrinks it's not going to happen. Those people on the street corners are just political pawns doing a fools job.
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CHEAPERBETTER
Veteran Author
Lansing
Posts:418
Points:718,610
Joined:Nov 2010
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Message Posted: Apr 30, 2012 10:40:31 PM
To simply say "speculators" is so misinformed. Speculators are actually to blame for bringing prices down recently.
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camaro_man
Champion Author
Kitchener-Waterloo
Posts:2,237
Points:612,020
Joined:Jun 2010
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Message Posted: Apr 30, 2012 10:40:21 PM
wow
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coke_kid
Champion Author
Chicago
Posts:1,536
Points:324,370
Joined:Nov 2005
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Message Posted: Apr 30, 2012 10:38:15 PM
Obamas policys on drilling and 38% cut on permits issued are his doing no other.
His voice for hate on oil and coal and now shipping more oil to china lying to the people saying were drilling more than ever but doesnt say its all on private land and going out of the country..
DONT FORGET CAUSEING MASS INFLATION AND SPENDING 5 TRILLION IN 3 YRS!
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gmcgas
Champion Author
Atlanta
Posts:5,958
Points:1,715,145
Joined:Mar 2004
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Message Posted: Apr 30, 2012 10:36:31 PM
speculators
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Mermaan
Champion Author
Boston
Posts:1,572
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Message Posted: Apr 30, 2012 10:33:05 PM
Demand is to blame
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mtaboy
Sophomore Author
New Jersey
Posts:193
Points:54,705
Joined:Dec 2004
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Message Posted: Apr 30, 2012 10:32:51 PM
ITS THE GREEDY SPECULATORS CAUSING GAS AND OIL PRICES ABOVE THE STRATOSPHERE...THE PROOF IS IF YOU KILL ALL THE GREEDY SPECULATORS... GAS DROPS TO UNDER $1.99 A GALLON
[Edited by: mtaboy at 4/30/2012 10:34:52 PM EST]
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Tucker1961
Champion Author
Seattle
Posts:2,157
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Joined:Jun 2009
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Message Posted: Apr 30, 2012 10:27:44 PM
who cares nobody looking out for us in dc
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96sc1
Champion Author
El Paso
Posts:8,517
Points:1,367,440
Joined:Mar 2008
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Message Posted: Apr 30, 2012 10:21:45 PM
I'm going with Obama and Bernanke.
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paulydel
Champion Author
Delaware
Posts:8,794
Points:848,125
Joined:Jan 2008
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Message Posted: Apr 30, 2012 10:21:36 PM
Its not so tough to say because the oil companies said they thought that gas prices should be higher because the prices didn't keep up with the cost of living. They sure are keeping up with the cost of killing us.
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bettersight
Champion Author
Oakland
Posts:1,116
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Message Posted: Apr 30, 2012 10:20:04 PM
ok
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24541
Champion Author
Virginia
Posts:1,109
Points:1,793,715
Joined:Mar 2004
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Message Posted: Apr 30, 2012 10:16:40 PM
Obama is to blame because he has done everything he can to hinder domestic production.
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boborobot
All-Star Author
Michigan
Posts:501
Points:418,425
Joined:Dec 2011
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Message Posted: Apr 30, 2012 10:14:25 PM
I will stick with Greed and speculators.
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jb107
Champion Author
New Jersey
Posts:9,559
Points:2,622,975
Joined:Sep 2005
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Message Posted: Apr 30, 2012 10:14:17 PM
Speculators are probably the biggest problem.
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ericbcire
Champion Author
Nevada
Posts:4,530
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Joined:Aug 2009
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Message Posted: Apr 30, 2012 10:13:22 PM
Speculators are the driving force.
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bevmill
Champion Author
Georgia
Posts:2,587
Points:601,520
Joined:Apr 2006
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Message Posted: Apr 30, 2012 10:09:49 PM
speculators
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Colts13
Champion Author
Indiana
Posts:1,586
Points:550,160
Joined:Mar 2011
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Message Posted: Apr 30, 2012 10:07:39 PM
Speculators have a lot to do with it.
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Is246
Champion Author
Albuquerque
Posts:1,017
Points:428,545
Joined:Apr 2011
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Message Posted: Apr 30, 2012 10:07:38 PM
All, but mostly speculators.
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RBob
Champion Author
Portland
Posts:3,379
Points:2,348,850
Joined:May 2004
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Message Posted: Apr 30, 2012 10:07:30 PM
"...volatility is how speculators make a profit." They are doing a really "good" job of manipulating it for their benefit, no one else.
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Ply440GTX
All-Star Author
Texas
Posts:955
Points:310,555
Joined:Feb 2009
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Message Posted: Apr 30, 2012 10:04:58 PM
...a weak $!
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t-w
Champion Author
Denver
Posts:14,160
Points:2,881,400
Joined:Apr 2003
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Message Posted: Apr 30, 2012 10:04:53 PM
> > > dollarwatcher "The guy who ownes the pump has the final say-so and makes the most." < < <
If you mean the gas station owner, I believe he's selling only a few pennies over his cost and makes his money when you come in and buy the 'convenience' items that have the higher markup and profit.
the article references the false reasons and doesn't really point to what the true causes are
we need to keep digging to find out what REALLY is going to make a difference and get prices back down
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IUVidiot
Champion Author
Indiana
Posts:3,595
Points:710,410
Joined:Jun 2011
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Message Posted: Apr 30, 2012 10:02:20 PM
ok
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clermont40miles
Champion Author
Cincinnati
Posts:10,583
Points:1,773,845
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Message Posted: Apr 30, 2012 10:01:08 PM
Not so sure the source is dependable.
Stop speculation and prices will plummet. That is a fact.
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30mpg80
Champion Author
Lexington
Posts:10,045
Points:1,488,830
Joined:Nov 2008
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Message Posted: Apr 30, 2012 9:59:59 PM
At least a dollar per gallon is due to speculation, They are reaching into our pockets and stealing millions of dollars.
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WIWalt
Champion Author
Wisconsin
Posts:1,736
Points:416,745
Joined:Mar 2012
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Message Posted: Apr 30, 2012 9:59:51 PM
Oil companys paying for political favors
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jackster111
Champion Author
North Carolina
Posts:3,335
Points:426,535
Joined:Feb 2012
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Message Posted: Apr 30, 2012 9:59:48 PM
greed
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camel1
Champion Author
Minnesota
Posts:8,275
Points:2,267,590
Joined:Jul 2006
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Message Posted: Apr 30, 2012 9:57:54 PM
speculators, retailers and state governments
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gass12
Champion Author
Omaha
Posts:8,399
Points:2,305,665
Joined:Oct 2005
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Message Posted: Apr 30, 2012 9:53:30 PM
In na couple of months prices will come down and we will be on another subject.
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singlemom27
Champion Author
Ventura
Posts:3,118
Points:641,160
Joined:Apr 2011
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Message Posted: Apr 30, 2012 9:52:45 PM
Still think speculation is an unnecessary added burden to consumers and should be abolished...just like the ethanol mandates.
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Blue48
Champion Author
Illinois
Posts:7,315
Points:1,639,895
Joined:Feb 2007
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Message Posted: Apr 30, 2012 9:51:53 PM
SHARE THE BLAME!
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USCCRN
Sophomore Author
Long Island
Posts:145
Points:104,240
Joined:Mar 2012
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Message Posted: Apr 30, 2012 9:51:45 PM
There is a lot involved and many to blame.
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Romey08
Champion Author
Virginia
Posts:6,311
Points:1,436,490
Joined:Apr 2008
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Message Posted: Apr 30, 2012 9:51:32 PM
it's oil company sucking us dry until it hurts
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toadNY
Champion Author
Albany
Posts:7,052
Points:1,515,100
Joined:Apr 2008
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Message Posted: Apr 30, 2012 9:44:57 PM
I agree with you 23jeep, obama an his appointed by him energy czar just like Russia want gas to be like in Europe. $7. To $8. dollars a gallon!
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TekWare
Champion Author
Toronto
Posts:3,171
Points:674,250
Joined:May 2011
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Message Posted: Apr 30, 2012 9:43:00 PM
It's funny how reporters can never find the real reason.
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Load
Champion Author
Wyoming
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Points:2,957,380
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Message Posted: Apr 30, 2012 9:42:17 PM
speculators....
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23jeep
Rookie Author
Alabama
Posts:32
Points:225,990
Joined:Apr 2012
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Message Posted: Apr 30, 2012 9:41:08 PM
Obama may not be entirely to blame but one thing for sure he is a large part of the problem. What he's done has hurt the price of gas and I can't think of a single thing he's done thats helped.
In Alabama, where I'm from, people are saying Obama is going to lower gas prices prior to the election to help him get re-elected. Don't know if that possible but prices are starting to drop a little.
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Dsin44
Champion Author
Abbotsford
Posts:1,272
Points:273,185
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Message Posted: Apr 30, 2012 9:39:52 PM
yuk
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