The answer to ---
"Why is the price of a barrel of oil so high?"

Doesn't have as much to do with facts of who is becoming a new big consumer of oil
As it does with how long we will be irresponsible voters and buyers.

We lose more freedom with ever tax dollar that isn't accounted for and is stolen by "them" our elected public servants.

It seen to me that many of our public servants are just like kids pushing the limits,
Until he/she is told what is unacceptable and won't be tolerated and what the consequences are will they become an asset and not a liability to the rest of society!

Let bring back Tar-n-feather’in of public servants who we catch with their hands in the tax jar and have photos on the front page of News papers, the evening News and on the www.

If nothing changes- Nothing changes.
PS. How many thousands of miles of HiWays and Freeways and county roads are there in China and India?

Mr. RONALD W WHITE AKA RW!

quote:

Tar-n-feather’in of public servants

You may have hit on something with that comment! Of couse tar is an oil based product?

Can we just use old motor oil and feathers?
I could donate the first 100 gallons!

It would make the same point!

It could be a form of recycling?

Correct?

Thank you Escapees Discussion Forum

Trucker Willie

Out

"China's first freeway was opened to traffic in 1988, an 18.5-km freeway from Shanghai to Jiading. Now 14 years later, the total length of freeways in China is over 19,000 km, ranked second in the world in terms of length."

(That's a 2002 figure. 19,000 km is a little under 12,000 miles.)

http://chineseculture.about.com/library/weekly/aa_freeway02a.htm

India is building freeways now, too.

In America, our gasoline and diesel prices are still relatively low. Try $6 or $7 a gallon in Europe. What we think of as cheap (say, $1.50) now exists only in one or two countries such as Saudi Arabia.

India's middle class is now bigger than the entire U.S. population. Same thing is happening in China. Hundreds of millions of people switching from bicycles and motorscooters to cars. Doesn't matter who gets elected in America. You'll never see cheap gasoline and diesel again, so you might as well get used to it.

Europeans love RVing. They do it in tiny trailers, vans and in what we would call small Class C motorhomes. That's our future. It'll still be fun, even without the washer/dryer and trash compactor.

I am late to this interesting thread. Let me throw these to the sea of opinions.

I was told the oil is not that high after adjust inflation. Evidence is people still driving the big SUV and truck. I remember college grad start out at 20K a year in 1983, now they start out at 60K. Three times in 25 years. So it looks like inflation may be the cause. General public still could afford it.

----------------------------------------------------------
..I read where that most recent spike in Oil was caused by one investor..
----------------------------------------------------------
That statement is not quite true in the big picture. It is referring to one oil trader in one regular day on oil trading. The price of a light sweat crude is at $99.97 a barrel that day. He put in a $100 bid and got a small quantity at that price. So the oil hit $100 a barrel that day and hit all news outlet.

Oil is a commodity like corn and soy bean in the world market. The price is determine who is willing to pay at what price that day. Even big oil company like Exxon buy and sell from the open market in a auction everyday for their business. If the bidder worry about the price might go higher in the future, he or she will bid a high price today. If the seller see a higher price tomorrow, he will set a high price today. That is basic human nature. Same mechanic like buying and selling a house as most people understand.

One last thing as everyone know; oil will dry up one of these days. So price could only go higher in the long run if we still base our economy on oil.

quote:

Originally posted by Padraic:

One last thing as everyone know; oil will dry up one of these days. So price could only go higher in the long run if we still base our economy on oil.

Padraic: Not "everyone" believes this. Some people, including many European scientists, do not call oil fossil fuel, but an abiotic natuaral product of our planet's core, brought to the surface by centrifugal force. A great read of this different view is "Black Gold Stranglehold" (2005) by Corsi and Smith. It is food for thought...actually, a real buffet.

quote:

do not call oil fossil fuel, but an abiotic natuaral product of our planet's core, brought to the surface by centrifugal force.

Well, this view is definitely a minority view point. From my science training, it is not a common sense IMHO. We know what under the rock layer is hot magma from the core of the earth. We see them on Volcano eruption. If Jerome R. Corsi and Craig R. Smith said is true, we should see black oil come out from Volcano. Beside the heat at the earth core is thousands of degree °F which will vaporize any chance of oil. Of course, that is just my two seconds thinking and opinion. Some thing to think about. We used to believe the world is flat.

You can click the following Amazon.com link and check how other readers comment on this book and ideas.
Black Gold Stranglehold

This message has been edited. Last edited by: Padraic,

For slightly out of date info on fuel costs...go here:

http://www.eia.doe.gov/bookshelf/brochures/gasolinepric...ia1_2005primerM.html

Regards
Gemstone

Try "gasbuddy.com" using zip codes.Over on the far right, stations that have diesel and the price show up.

In the 70's they were looking at alternatives. You could buy little electric cars in Elkart, IN - we visited a showroom. Recycling was the thing. What happened to that? I suppose that shipping all those toxic toys and nearly every other thing we use from overseas has really increased usage. I heard the pollution from China has reached California. It is so high because people have not acted in a responsible way because of selfishness and greed. Cathy

quote:

Originally posted by LLonearth:

quote:

Originally posted by Padraic:

One last thing as everyone know; oil will dry up one of these days. So price could only go higher in the long run if we still base our economy on oil.

Padraic: Not "everyone" believes this. Some people, including many European scientists, do not call oil fossil fuel, but an abiotic natuaral product of our planet's core, brought to the surface by centrifugal force. A great read of this different view is "Black Gold Stranglehold" (2005) by Corsi and Smith. It is food for thought...actually, a real buffet.

Hmmm. If a "scientist" tells you that something (anything) is caused by "centrifugal force" you would do well to find another scientist to listen to. No scientist would say that because "centrifugal force" does not exist....It is merely a perceived force caused by Inertia. It is the pull felt when swinging a stone tied to a rope. Although the force as perceived is straight outward from the center, if released the stone will not fly straight outward but will travel on a tangent from the circle.

Lew

quote:

Originally posted by geysergazers:
No scientist would say that because "centrifugal force" does not exist....It is merely a perceived force caused by Inertia. It is the pull felt when swinging a stone tied to a rope. Although the force as perceived is straight outward from the center, if released the stone will not fly straight outward but will travel on a tangent from the circle.

Lew

So in the physics of quarks, if one perceives a nonexistent force, is that nonexistent force therefore changed by the perception of its nonexistence? I feel a little bit more like I do right now than when I first got here...

quote:

Originally posted by LLonearth:
So in the physics of quarks, if one perceives a nonexistent force, is that nonexistent force therefore changed by the perception of its nonexistence? I feel a little bit more like I do right now than when I first got here...

Lew

I agree with truckerwillie. It sure would be interesting to know what was discussed in the "secret oil meetings" that Cheney, aka Halliburton, had with the big oil companies. Exxon posts a record profit for 2007 and big oil claims it is not profiting by the high prices! We need to start electing people that actually represent us and not themselves.

seems to me that if exxon makes 40 billion in a very short amount of time the price per barrel is not really the point.

One of the reasons the price of oil is out of sight, along with all sorts of other things we need to live, is the value of the dollar against other currencies. If you stay in the country, you only notice that your milk and gasoline are going up. If you leave the country you will notice that your money doesn't buy you as much as it used to. In fact, the dollar (and with that all your retirements savings and investments) has dropped over one third in the last few months. Thank our current administration, corporations, banks, etc. As long as they are printing money at the current rate and spending it on such things as wars at $720 million PER DAY, and as long as the United States produces little of value and 70% of our economy consists of what we consumers will spend (preferably by going into debt, as that lets them print even more money), we will watch this downward spiral continue.
What a cheerful thought.