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WHY ARE OIL PRICES SO HIGH

 
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Rev.Gregory
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PostPosted: Fri Sep 09, 2005 1:48 pm    Post subject: WHY ARE OIL PRICES SO HIGH Reply with quote

Very fascinating oil website!

http://www.gravmag.com/oil.html
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Mystic Power
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PostPosted: Fri Sep 09, 2005 4:58 pm    Post subject: Reply with quote

With the Katrina disaster, Big Oil has an opportunity to raise prices by 70 cents -- then drop it by 20 cents, so that everyone sighs in relief.
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indicaspice
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PostPosted: Fri Sep 09, 2005 5:18 pm    Post subject: Reply with quote

I find it interesting that the U.S. is #2 in larges oil reserves, yet prices continue to sky rocket.
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aeroplane
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PostPosted: Fri Sep 09, 2005 5:35 pm    Post subject: Reply with quote

Quote:
How many gallons of gasoline come from a barrel of oil?
Each 42-gallon barrel makes about 19½ gallons of gasoline.


If this is accurate, it puts a whole new perspective on SUV's. How many barrels of oil does it take to fill an SUV like an Escalade or a Hummer (which gets less than 8 miles per gallon)?
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Tafari
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PostPosted: Sun Sep 25, 2005 10:13 pm    Post subject: Reply with quote

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
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indicaspice
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PostPosted: Tue Sep 27, 2005 8:38 pm    Post subject: Reply with quote

I've come up with a theory. Probably way off base but it would make sense. The war on terror isn't going so well. Funding for the war is going through the roof. So what better place to get more funding than from oil revenues of which you and I pay the ultimate price.
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HighRising
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PostPosted: Wed Sep 28, 2005 7:42 am    Post subject: Reply with quote

indicaspice wrote:
I've come up with a theory. Probably way off base but it would make sense. The war on terror isn't going so well. Funding for the war is going through the roof. So what better place to get more funding than from oil revenues of which you and I pay the ultimate price.


Perhaps, but Defence spending, while high, isn't *that* high. It was still higher through periods of the cold war, I imagine the US can shoulder the cost for the time being. They are used to it.
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Brother Adam
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PostPosted: Wed Sep 28, 2005 6:35 pm    Post subject: Reply with quote

The US can't shoulder the cost of anything. We don't even own our monetary system. Our country is so far in debt if everyone demanded their money today, we'd be a 3rd world country tommorow.

BTW, that site seems to glorify the oil industry. It's obvious it was made by people who have a vested interest in the oil business. Statements like this make it clear "Oil and Gas are used for much more than fuel. Every time you brush your teeth (nylon bristles), drink milk or soda from a plastic container, or play a plastic CD, THANK A GEOLOGIST!"
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Echo
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PostPosted: Wed Sep 28, 2005 8:47 pm    Post subject: Reply with quote

Rev. Adam wrote:
The US can't shoulder the cost of anything. We don't even own our monetary system. Our country is so far in debt if everyone demanded their money today, we'd be a 3rd world country tommorow.


Or better put, if everyone demanded their money today, we'd have a 3rd world war tommorow. That's how they solve all problems lately Rolling Eyes
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