saabguy493

I wonder how much the guy/girl makes that makes the hedges happen!?!? By now they must be rolling in cash! Where can I apply?

texaspilot76

This crisis will not stop until there is an overwhelming pressure put on the government to step in. I do not believe there is an end in sight short of a full government regulation of the oil/ gas/ utility industries, which will probably never happen.

cfii2007

Let's say we increase supply by drilling more....prices drop, do you really think people will consume less? Nope. We will continue to use and waste more oil.

More oil supply will only make OPEC wealthier. They are the new cartel.

Pilotpip

http://www.bloomberg.com/apps/news?p...Q&refer=energy

Even the oil company execs say that speculation is pushing oil $60-90 higher than it should be.

Tech Maven

Government can't do squat. It's simply a matter of oil production curtailing 2-4% a year along with booming demand from the likes of China (who is responsible for 40% of the demand growth of crude the past decade).

The government is simply powerless, and they know it. But instead of telling us our tough choices to be made in the coming decades, they blame the oil CEOs, Saudi Arabia, and every other convenient target.

texaspilot76

Has anyone done a breakdown of taking the oil company's profits and the gallons of unleaded consumed and figuring out how much less the cost of a gallon of unleaded would cost if the oil companies only made say, $10 million?

The Duke

Oil company execs telling us the high cost of oil today is due to speculation is sort of like a coke dealer telling his clients that speculation is driving up the price of coke...I don't believe it. If you can convince your clients that speculation, not supply, is the driving force behind prices, then it's easy to keep people addicted and paying more for their fix. They'll always believe the price will come back down, so they're willing to pay more today.

I'm starting to miss the good old days of $100 bbl/oil!

jet320

http://www.planetark.com/dailynewsst...7086/story.htm

Well somebody is doing something about it.!!!!!!!

FliFast

Solar and Wind.

Surprised there isn't a solar airplane yet. I know, I need to lay off the crack, but a solar cell might be able to provide some of the electrics to the plane unloading the aircraft's generators and susbsequent fuel burn (less workload on the accessory portion of the engine burns less petro).

All right, back to my martini, sorry for the interuption.

FF

BoredwLife

$133 a barrel today. NOT BAD AT ALL!!!!!!

This is cheap.




I am only typing this so that in 6 months when it is $200 I can just say "Remember when I said $130 was cheap."

__________________
The usefulness of a cup is its emptiness.