Comments for Oil Prices Average Sets New Record »
Posted By dailynewsus 1 year, 6 months ago in StyleOil prices average up 2 cents overnight. In California a gallon can cost up to $4.43.
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rightfromwrong1 year, 6 months ago
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Bush went to Iraq for oil....now we are see the true cost.
3,500 dead & over 20,000 injured. 5-600,000 Iraqis dead and over 1,000,000 displced. Haliburton who owns Blackwater stabbing the American tax payer. Haliburton then moves it's headquarters to Dubai. The gall!!!!
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Endoscopy1 year, 6 months ago
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The way to get the price down is to drill for oil, build refineries, and build nuclear power plants here in the US. Who blocks those things? Who wants to have people stop using SUV's? Who is always screaming about our energy usage?
Answer to all of the above is the Liberals.
They are getting what they want and then try to blame it on the president. What a wonderful method of thinking. Get what you want and blame it on somebody else.
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Ratskii1 year, 6 months ago
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Get the feeling that you think the fact that no new refineries being built recently means that refining capacity has remained static. That's not true. Most companies have added capacity to existing refineries because it's cheaper that building new ones.
The cost of nuclear energy has been more of a deterrent to building nuclear plants than the anti-nuke activists. The government has to shoulder a major part of the expense, or in other words, take it out of your taxes as a hidden expense.
But go ahead with you fantasies and sleep tight in your information free zone.
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ETproductions1 year, 6 months ago
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This is one area where I think America needs the left and the right to lay down their weapons and start seriously discussing how to fix things instead of how to score political points.
Seems to me we have little choice for the short term other than to use the fossil fuel resources that are here. But thinking that tapping into them will keep energy costs for us half that of European prices and that we can go right back to huge SUVs and conspicuous consumption is a WAY wrong answer for a planet facing dwindling fossil fuels and man made global warming.
We need to meet in the middle and come up with real and sustainable solutions. Right now, converting all the grains grown for food to alcohol and burning them in automobiles is not the answer.
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JoseMadreComment removed: Hard Banned
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CaptainLucid1 year, 6 months ago
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"Get the feeling that you think the fact that no new refineries being built recently means that refining capacity has remained static. That's not true. Most companies have added capacity to existing refineries because it's cheaper that building new ones."
Well said. In the SF Bay Area Chevron wants to make a significant expansion. Also if the refineries expanded significantly that would drop the cost of gas. I don't know why some people think that the goal of oil companies is to provide us with affordable gas. Their goal is to maximize profits. They are just like OPEC. They want to limit the supply to drive up prices. In California we got raped by the electricity companies who produced less than they could so the spot price would rise.
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ETproductions1 year, 6 months ago
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Actually, there is. What people are willing to pay. At some point ($10,000 a gallon) everybody figures out how to do without, and prices either drop of producers go bankrupt.
Seems we are not there yet. I'm not buying anymore. I haven't driven in months. I'm fortunate to live in a major city with great mass transit. As more and more people join me, the prices will come back down a bit. But don't look for $2 a gallon gas anymore.
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cowboygrandpa1 year, 6 months ago
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I went by a Thrifty Gas station in Pomona, Ca where on Friday the price for unleaded regular was $4.79.
Now although I beleive in making a fair profit, I also believe that people have a right to make a decent living.
Where in the hell are the mass transit options out here?
People aren't going to be able to afford gas to get to work.
There are already people stealing gas.
Thanks Bush. Why couldn't you do something right in your life.
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Locky12Comment removed: Spammer, Abusive10 Replies
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SwampFox11 year, 6 months ago
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Sorry, folks, I've listen to these retards long enough. What I have found is they haven't got one man among them!
Go join a war, bury some good men, then get your ass back here and challenge my narly-ass -- if you got the nerve. Until that time, shut your Republican mouths. You are stinking this site to high heaven. MEATBALLS!
Airborne, All The Way
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SwampFox-82ndComment removed: Retracted by user4 Replies
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Ratskii1 year, 6 months ago
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Gas usage in the U.S. went down 4.3% (11 billion gallons) in the first quarter of this year. I suspect that it will have gone down even further for the second quarter (compared to second qtr 2007). The biggest drop in usage since statistics were kept and it hasn't had any effect on the price.
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JohnQPublicComment removed: Retracted by user6 Replies
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nikkibabe1 year, 6 months ago
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In any true democracy, economic, financial and job market disasters like the one in US will result in the throwing of the government in power.
However in USA, it is not so. It appears that abortion, same sex marriage and the invasion and occupation of Iraq will decide the next government.
Who are these people who think these issues are more important while they are losing their homes, jobs and struggling to fill up gas tanks!!!!!!!!!!!!
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wildman65571 year, 6 months ago
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Americans are in denial about oil. The reason prices are going up has to do with supply and demand. There isn't enough oil in the World (search on peak oil) and too much demand. Even opening up ANWAR and the off shore really wouldn't help much (although it wouldn't hurt) since those locations really don't have much oil when compared to World demand. For example, ANWAR has 15 billion bls, which sounds like a lot until compared to 85 million bls of demand a day in the World. And the only reason ANWAR is not in decline is political. If it had been opened 20 years ago, it would be in decline also. The politically closed areas are the only significant oil deposits in the US. After that, there isn't any more. The party is over.
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wildman65571 year, 6 months ago
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You are right. I should restate my claims. There isn't enough oil at a reasonable price. A lot of that 100 billion barrels of oil is not feasible even at today's prices. What this oil will do is put an upper limit on how high the price of oil can go. But that upper limit is quite a bit higher than $150 a barrel so it won't bring back cheap oil.
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Daylight1 year, 6 months ago
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It is the capitalistic economic system that manipulating and controlling is keeping the oil price up, it is the American policy in the Muslim world keeping the oil price up, it is the American weak dollar keeping the oil price up and it is the demand keeping the oil price up.
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CaptainLucid1 year, 6 months ago
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In cases like this the first thing to do is to look at what the experts have to gain. If a scientist is paid by an oil company and states an opinion that will benefit the oil company, be suspicious. Find the person who is not making any money off it and that is most likely the truth.
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hefaa1Comment removed: Hard Banned
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Mel989Comment removed: Spammer
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panzerv1 year, 6 months ago
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I think we're all missing the up shot here...just consider all those nasty restaurants we won't have to frequent any more. And we'll all finally be able to kick that Starbusks addiction...not to mention buying all the unnecessary electronic junk from Best Buy. We'll be so busy saving for a f$cking tank of gas, we'll be going cold and hungry. Anyone still believe the United States isn't a third world country? Just think how it would be if every government figure wasn't invested in oil, food, and pharmaceuticals. I wonder how the military feels, seeing what their efforts have brought this country, and seeing what they have to come home to...if they come home.
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baddad59Comment removed: Retracted by user
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kzimm631 year, 6 months ago
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I have 2 things to add. First of all I am resigned to the fact that high gas prices are necessary in order that we make serious attempts to move away from oil (especially foreign oil) and move towards other energy alternatives.
the 2nd things is that I seriously think the present high price of oil will burst.
http://money.cnn.com/2008/06/06/news/economy/tu...
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