rob85546
Hot arizona
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Then you read somewhere else it could be several hundred a barrel within the next few years...
So much speculation, I dont beleive any of them.... feeding us a bunch of crap...
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DaveMac
Citrus Heights, CA, USA
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Maybe $50-60 per barrelwould be closer!
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Mousefart
New Jersey
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res08hao wrote:There are things we can do if we want:
Eliminate oil speculators, as a start.
That one is number one, top of the line reason right there!!! Gasoline pricing at the whim of a bunch of spastic whackos trying to get rich overnight.
"Oh look, a butterfly in the Amazon jungle farted! We better start panic buying/selling!!!" and up goes oil another $10 a barrel! 
Paul (Mouse)
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Herewego
Dave, driver of the Winnebago, likes to travel.
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On CNBC yesterday, there was discussion on oil prices.
The new ULSD mandate is, according to those guests on the show, one of the MAJOR contributing factors. The refiners are only able to use "sweet crude", which is more expensive.
There is actually a GLUT of the lesser quality crude, that we've been using forever. Relaxing the new ULSD mandates would go a long way to bringing things back into the realm of semi-reasonable pricing.
They also stated that this would impact gasoline prices immediately, and quite substantially.
Who knows?
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paulin
No. CA
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Quote:Relaxing the new ULSD mandates would go a long way to bringing things back into the realm of semi-reasonable pricing.
I really doubt this will happen. Also, those who bought post 2007 diesel motors would be in a real bind as they need ULSD.
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Hornet28BHDS
Parker, PA
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DutchmenSport wrote:And I've got ocean front property for sale in Arizona too!
Good one!
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wa0mqe
Colorado Springs, CO, USA
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In the case of electric cars, why not build your own solar charging system to recharge your own batteries? I have a 3000 watt inverter and 340 watts of solar panels that will power my motorhome with the exception of the AC units. I could even power those too if I wanted to add a second inverter and a couple more solar panels.
There's lots of ways to get around using fosil fuels and natural gas to create electricity.
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Anthony21403
Arkansas
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Maybe when they say 80 dollars a barrel they are referring to the barrel itself? Steel has gone up to ya know 
TSG Tony, USAF, 17 years
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lat471
Lebanon, PA
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mousefart. How can you hear a butterfly fart? And if he/she farted in the forest and no one heard it did he/she really fart or was this an exercice to run the price up anyway?
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SlickTX
Coppell, TX
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Repeat after me: High oil prices are not a supply and demand issue. High oil prices are not a supply and demand issue.
Some of you that speak of "speculators" being the problem are partly right.
The issue is that the dollar buys less oil today than it used to. Our weak dollar in the US (the Canadian dollar is in roughly the same boat) means that our dollar buys less oil than it did before. The speculator angle is also valid in that those institutions that hold dollar-denominated investments are hedging against future drops in the dollar buy buying something that adds value when the dollar drops, in this case oil futures (more buying creates less supply and the price for the futures goes up).
You don't have to take my word for it:
There is an article on the CNBC website today with the headline of "Dollar's Rebound May Push Oil Prices Lower -- For Now". http://www.cnbc.com/id/24579363
Also see Scott Burn's recent syndicated column: http://assetbuilder.com/blogs/scott_burns/archive/2008/05/09/the-value-of-america-in-barrels.aspx
I'll temper my comments somewhat. This is actually an issue of supply and demand. But not of oil. It is an issue of supply and demand for dollars. Right now the supply is high (low interest rates) and demand is low (energy futures and commodities sucking up the investment money vs. the dollar)thus the price that a dollar demands is low.
With that in mind we can stop the useless talk of solar powered electric cars.
Procrastinate now . . . don't wait.
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