JohnAnthony you are right that they have plenty of crude. But they aren't going to increase the supply (which is what I assume you meant).

 

It is a supply and demand issue. If we increase the supply of oil that we have here in America, prices will go down. The other alternative is to go take the oil from the Saudi's. Would you two prefer that?

 

How in the world would using the oil that we have in America not lower the prices? It is a supply and demand issue.

FWIW, those people who own the gas companies are the common man.

 

Also, do you blame that on Bush, the guy who wants to drill for more oil, which would increase the supply, and lower prices? Or for the environmentalist wacko's who would rather increase YOUR taxes as well as raise gas prices?

 

I'm going to tread lightly here, but it's simply not a supply and demand issue. You admitted the Saudi's have plenty of crude (there's your supply). They aren't dictating the soaring oil prices, American oil speculators are.

 

We also have millions upon millions of gallons of oil in reserve here in the US, (there's more supply for you), just sitting waiting to be tapped.

 

As for the sudden push to start drilling more here, sure it could help eventually, a little bit. But honestly, doesn't this sound like a solution even fourth graders probably came up with eight years ago?

Please explain to a ignoramus like me how this is more of a "Bush's fault" issue then a S&D issue.

 

 

Along with post 72, I'll throw a few numbers around. In 2000, oil prices were $28 per barrel. In only eight years, the price has soared to $128 per barrel.

 

:eek::eek::eek:

 

 

That's an increase of right around 350 percent, in only eight years time. Kinda scary.

Oil sets record near $128; pump price at high, too.

 

I READ AN ARTICLE TODAY TOLD WHERE OIL WAS 28 BUCKS FOR A BAR. WHEN THE CURRENT LEADER OF THIS COUNTRY TOOK OVER. He stated that the admistration before him had no handle on this and he was going to do something about it. He sure has.

 

 

http://news.yahoo.com/s/ap/20080516/ap_on_bi_ge/oil_prices;_ylt=Aown6_xYoc2VR2XE.xtVEOas0NUE

 

You are way, way LEFT aren't you? Thank God you are severely out numbered in your state.

It will be over $4.00 next weekend.

If anyone is counting that is TWICE within 6 months Bush had went to SA and asked for more oil and they said, sorry, no can do.

 

CCH.. there are a hundred smoke screens from our govt which will prevent drilling here, so to answer your question, yes I would love to get more oil from the Saudi's, cause our govt is not going to drill in the states.

 

I tell ya right now.. something very intersting is gonna happen. Once oil hits $150 and we get to 4.50 a gallon the US is going to cut off weapons sales to the Saudi's. We supply them with there high tech weapons, and remember they hate Iran just as much as we do. And as we all know Iran is speculated to be making big bombs.

 

We are about to see some crazy stuff. The US is going to flat out say produce a million more barrels a day (which would lower gas about .50 cents) or you get no weapons. So the Saudi's will have to decide to keep getting rich and worry about getting blown up or give us what we want... it is AMAZING what oil does my friends.

If we stop selling weapons to the Saudis, then they will simply buy more weapons from the French, Russians, Chinese, et al. We have no right to bully any other country into upping its oil production when we are unwilling to do the same ourselves. The Saudis should laugh at such a suggestion, which is pretty much what they have done.

I'm going to tread lightly here, but it's simply not a supply and demand issue. You admitted the Saudi's have plenty of crude (there's your supply). They aren't dictating the soaring oil prices, American oil speculators are.

 

We also have millions upon millions of gallons of oil in reserve here in the US, (there's more supply for you), just sitting waiting to be tapped.

 

As for the sudden push to start drilling more here, sure it could help eventually, a little bit. But honestly, doesn't this sound like a solution even fourth graders probably came up with eight years ago?

Speculators see an American government unwilling to increase domestic oil production. They expect supplies to tighten, so prices have risen above levels that current demand suggests they should be.

 

If this nation reversed its policies and committed itself to increasing domestic oil production and refining capacity, building some coal liquefaction plants, and started planning new nuclear facilities, speculators would exit the market in a hurry and the price of gasoline would drop quickly.

 

Speculators are a symptom of a bad national energy policy, not the cause.

If we stop selling weapons to the Saudis, then they will simply buy more weapons from the French, Russians, Chinese, et al. We have no right to bully any other country into upping its oil production when we are unwilling to do the same ourselves. The Saudis should laugh at such a suggestion, which is pretty much what they have done.

 

Would you want to buy an M16 with lead paint? US weapons are as good as they come. We may not know how to occupy a country but make no mistake about it, our weapons will blow you to pieces.

 

Our weapons have also been there prototype so I doubt they want to switch over.

 

Fact is the Saudi's are producing less oil than they were just 2 years ago and enjoying record profits. The American economy is flushed down the toilet and the govt is getting ready to fight fire, with fire. They wont let 4.50-5.00 gas stand.

And they do. But those cars are more expensive. And no one will buy them.

 

Why should the automotive industry be compelled to make fuel efficient cars that no one will buy? People want cheap cars with all the fancy gimmicks, that is where the real money is.

 

When gas was $1-$2 per gallon, there was absolutely no incentive to build them, because there was no demand. But I think the massive run on cars like the Toyota Yaris (a co-worker just bought one about two weeks ago) show that if the incentive exists, high MPG cars will sell like hotcakes.

 

Truthfully, none of this would be a problem if it weren't for the wrongheaded way we have designed our country -- i.e. with sprawling suburbs and a severe lack of mass transit opportunities. Ditch those cookie-cutter houses in your subdivision and move closer to where you work, folks.

The gov will do nothing until it gets to 7 bucks a gal and then they will do as little as possible. I will not argue this I will let time prove me to correct on this once again.

The driver for UPS that delivers to our store said that the company had a meeting saying thatthey expect gas to maybe 6.00 a gallon by Labor Day and they are planning what to do, delivery-wise, maybe cut days,etc. Projected figure of $200 a barrel would probaby put prices around that

Would you want to buy an M16 with lead paint? US weapons are as good as they come. We may not know how to occupy a country but make no mistake about it, our weapons will blow you to pieces.

 

Our weapons have also been there prototype so I doubt they want to switch over.

 

Fact is the Saudi's are producing less oil than they were just 2 years ago and enjoying record profits. The American economy is flushed down the toilet and the govt is getting ready to fight fire, with fire. They wont let 4.50-5.00 gas stand.

 

 

Actually French weaopons, by and large, outside of some newer generation items(which we do not sell to anyone else yet) are just as good. And the M16 is NOT the best example to use here. There are many assault rifles in this world that are as good.

Actually French weaopons, by and large, outside of some newer generation items(which we do not sell to anyone else yet) are just as good. And the M16 is NOT the best example to use here. There are many assault rifles in this world that are as good.

 

I wasn't aware the french had weapons.

 

And the M16 has been proven over and over and over as a great weapon. That or the M4 which is a slightly smaller 16. The US has tried to replace it many teams and has not been successful, particulary with the XM line and the XM8 which was scrapped. I love the M16A4.

I wasn't aware the french had weapons.

 

And the M16 has been proven over and over and over as a great weapon. That or the M4 which is a slightly smaller 16. The US has tried to replace it many teams and has not been successful, particulary with the XM line and the XM8 which was scrapped. I love the M16A4.

 

 

I am not saying it isn't a good gun. There are many in the world that are AS GOOD, in some cases maybe better.

 

The M16 and the M4 are both excellent guns, however my point was that those in the M.E. could easily purchase weapons from the French or Germans or in the case of small arms the Belgians that are in many cases comparable to our own. Our only dramatic advantages come in the Aerospace category, to slight extent with armor although there are many experts in the world that find the Challenger 2 and the Leclerc to be comparable if not better than the M1A2, our dramatic naval superiority and our superior training.

I bought gas for $3.59 a gallon in Corbin, KY yesterday afternoon. That was the lowest I'd seen in a few days.

Most places in Bardstown seem to have held the line at $3.65. That may have to do with the fact that there's no Speedway in town.