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RustyJC · 02-17-2011, 02:32 PM

A major oil pipeline flows through Egypt, and some crude oil tanker traffic uses the Suez Canal. Potential supply disruptions upset the commodity markets. The demonstration goings-on in Libya and other oil producing Middle East countries comes to bear in this as well.

Rusty

a k · 02-17-2011, 02:35 PM

When they realize the Arabs control the money(OIL) than they will over throw the Saudi's and then they got us.

wa8yxm · 02-17-2011, 04:30 PM

I was reading a news report today which commented that the amount of Gasoline and Diesel in storage tanks is increasing, Demand is going down, crude reserves are up and.

If this is so,, Why are prices at the pump skyrocketting?

Answer.. Oil company GREED.

We need to figure out a way to get them to control their profits.

RustyJC · 02-17-2011, 04:45 PM

Quote:

Originally Posted by wa8yxm

Answer.. Oil company GREED.

The facts don't seem to have much effect, but I'll try again. HERE are the market energy prices from the various energy commodity markets - NYMEX, in particular (that you'll see on this link) is the New York Merchantile Exchange. This is where commodity traders buy and sell energy future contracts.

I'm still wondering why you think the oil companies (if they set oil prices, as you contend) allowed the price of crude oil to drop from $150+/bbl to $30+/bbl during the recent recession. Why didn't they keep it at $150/bbl and rake in all they could? Why isn't crude oil $150/bbl today?

Rusty

woody! · 03-05-2011, 10:33 AM

We as american consumers need to take back our country.And kick the politions to the curb before the completley ruin our country.

Lindsay Richards · 03-05-2011, 10:55 AM

We have many decades of supply here in the US, but the politicians will not allow us to recover it because the environmental lobby gives them millions. We are the laughing stock of the world. We allow our economy to be wrecked by spending $700 billion overseas when we could be making it ourselves. We also have a war on coal and natural gas. If anybody thinks the speculators are the problem, then they should cash in themselves. Oil futures are sold on the open market. You too can become rich if they are. Next time you put $200 in your RV, think of a politician.

billyb · 03-05-2011, 11:28 AM

what do ya mean, i thought they worked for us.

Big Bear Local · 03-05-2011, 12:17 PM

Quote:

Originally Posted by R1Kirby

This country was founded on becoming independant nation. It appears that today we have become very much dependant nation. Secondly, we are to busy taking care of other countrys at the tax payers expense. Keep our money at home and the economy will inprove. Let's become ndependent and take care of our own FIRST!!!

Roger that.........