- Location
- Queens, 11365
GAS price
- Thread starter alfani
- Start date
That's funny that it says BP lost 40 billion in the oil spill. I guess they don't consider the cleanup companies owned by BP used to clean the oil spills profit. That was somewhere north of 90 billion when all said and done.
- Location
- Queens, 11365
the spill is caused by their own stupidity and greed..guess who is paying the high gas price now.
....$60 to fill up today
....$60 to fill up today
That spill was caused by greed not by stupidity. 2 weeks prior to the spill the laws were changed so that piece that failed did not need to be replaced. Guess who changed it? Dick Cheney, and it's funny because his company owned the oil rig. BP was leasing it from his company, but they bought the 2 largest oil clean up compaines a month prior to the spill. And all of the comapnies involved are inter-linked at the top. All the money stayed in house, The knew exactly what they were doing and they did exactly what they set out to do. Make 90 billion and pay 40 billion back(which they are still paying), but the intrest they are earning on the 40 billion will make all of that back for them. The oil that was lost was only something like 2 billion worth. A lot of money but not compared to the 90 billion they made cleaning it all up.
What ever happened to all the Hydrogen cell talk?
- Location
- poughquag, ny
i dont see the hydrogen cars any time soon as you would be driving a bomb, all you have to do is look at your commodity traders. the is a abundance in oil in the middle east, so it isnt that their lacking oil, look at all the money spent by us to build the alaskan pipeline that doesnt supply oil to the u.s, they sell it to the other countries. slowly but surely the government is getting us deeper into their control and pocket, guess castro made a good role model for the u.s
- Location
- LONG ISLAND
Before you know it, it'll be 2012 and the aliens will destroy earth. No need to worry about debt, gas, the govt...etc
Oil companies are not pushing the prices the prices up. Neither is demand, the 'terror premium' or OPEC. The last time pump prices were in this range world demand for oil was decreasing.
The increase is prices is driven purely by speculative trading on the future value of the product. Traders buying the unrefined product and 'holding' it with the expectation that it will increase in value when they sell it in the future most of the time to another speculator. There are many steps in this chain of ownership and every holder takes their cut. In fact, most oil holdings are owned by financial companies than by the oil companies themselves. This is not known by most people in the country.
The market that makes this speculation possible is completely unregulated and operates under the oversight of any regulatory agency. Yet the price of this product directly affects the price of every single thing you will buy or sell.
Just another way you are getting screwed and someone else is laughing about it.
The increase is prices is driven purely by speculative trading on the future value of the product. Traders buying the unrefined product and 'holding' it with the expectation that it will increase in value when they sell it in the future most of the time to another speculator. There are many steps in this chain of ownership and every holder takes their cut. In fact, most oil holdings are owned by financial companies than by the oil companies themselves. This is not known by most people in the country.
The market that makes this speculation possible is completely unregulated and operates under the oversight of any regulatory agency. Yet the price of this product directly affects the price of every single thing you will buy or sell.
Just another way you are getting screwed and someone else is laughing about it.
- Location
- Mt Sinai, NY
Prices as high as they are and doesn't appear that anyone is driving less.
- Location
- Mt Sinai, NY
I don't see alternative fuels being any cheaper. Just opens another option. Like natural gas vs. Fuel oil.
For example, I have a diesel pickup, I try to run b100 (100% soy bean oil). It's a little cheaper (10-15 cents), but the price still goes up and down with reg fuel prices.
For example, I have a diesel pickup, I try to run b100 (100% soy bean oil). It's a little cheaper (10-15 cents), but the price still goes up and down with reg fuel prices.
- Location
- Kings Park, NY
Perfectly stated and explained...
As the price of a good fluctuates so does the price of all the substitute goods associated with it.
Also the price of fuel now affects the price of any fuel previously purchased and stored. Also known as hoarding.
There are estimates of the speculative premium affect per gallon of gas being between $1.50 - 2.00.
This can give you an idea of the gouging that can happen on all the other types of fuel.
Also the price of fuel now affects the price of any fuel previously purchased and stored. Also known as hoarding.
There are estimates of the speculative premium affect per gallon of gas being between $1.50 - 2.00.
This can give you an idea of the gouging that can happen on all the other types of fuel.
Deep Dive Coral
Advanced Reefer
- Location
- Seaford, Long Island
It's just rediculous. Blame it on Obama and kadafi.
I saw a report last night on CNN, Down in Venezuela regular gas costs .09 cents a gallon. I know they produce oil there but that is crazy. If our goverment stepped in they could regulate the cost. The problem is most of the guys in the goverment have some kind of link(profitable) with the oil companies. As long as they keep making money nothing is gonna change.
- Location
- Midtown East, Manhattan
All the suckers who bought houses in the middle of nowhere and depend on cars for work are the exact ones who shouldn't be complaining about gas prices. Look up GM streetcar scandal. When you drive through Arizona or even some parts of NJ don't you ever think to yourself, why the heck would anyone live out here? We done gots bamboozled.
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