Comments on: Pump Prices Creep Up As Oil Records Fall

Crude Settles Above $127 For The First Time, Forecasting A Summer Of Expensive Road Trips

[dchu76]

I still don''''t understand why the oil prices are going up like they are almost everyday. All I here is demand demand demand. It really has nothing to do with demand, but that the excuse that OPEC gives and if you listen to them they''''re saying the demand is not high enough to pump more barrels of oil per day. This is and alway have been and will be about money. There is not limit to how much money they''''re trying to make. Just the statement they made last week about OPEC is not concerned about people being hungry, that lets you know where their minds are at. An America being America always have to wait for a crisis to happen before they react. We''''re never in a preventive mode because we never think it''''s not going to happen here.
--------------------------------------------------------------------------------
Posted by endtimes72 at 08:54 AM : May 20, 2008

Dont forget the biggest culprits, the oil companies. Many of the oil companies around the world are owned by the government so we dont know how much profit they make, but if the American Oil companies are any example, oil companies around the world are making record profit.

[endtimes72]

You know i''m really pissed at our government for not foreseeing this down road years ago. Know that our relationship in middle east is shaky at best. We shouldn''t totally dependent on anything from a foreign country and right we are in a position that is beyond our control. Alternative fuel should been and alternative 20 years ago. And now that''s not even a good idea because that along with other factors is driving up the price of food. And a lot of us is complaining about gas prices and food prices now and already thinking what are prices going to be like this time next year.

I still don''t understand why the oil prices are going up like they are almost everyday. All I here is demand demand demand. It really has nothing to do with demand, but that the excuse that OPEC gives and if you listen to them they''re saying the demand is not high enough to pump more barrels of oil per day. This is and alway have been and will be about money. There is not limit to how much money they''re trying to make. Just the statement they made last week about OPEC is not concerned about people being hungry, that lets you know where their minds are at. An America being America always have to wait for a crisis to happen before they react. We''re never in a preventive mode because we never think it''s not going to happen here.

[trenticus-2009]

what thell r u talking about people in middle east r getting most of the food from asia europe only some from usa u idiot

Posted by guy_hero

Thats right, they do get SOME from us. No go sit in a corner until I tell you to move!

[Gary Kempf]

Oil speculators are the ones keeping the price up and food as well. It is time to bring in the Law. I consider this a crime against humanity or impraved indifference to what they are doing. It''''s time to sue wall street investors, start by an injuction on oil and food comodities until things settle down.


--------------------------------------------------------------------------------

Posted by ahrats at 06:29 AM : May 20,


Amen !!!!!!!

[buttermilk12]

To me the oil companies are no better than terroist or the mob.They have finally got what they wanted and now there is no stopping them.I remmember last summer they went up due to the reason of(expecting a bad hurricane season)now to me that is wrong raising prices for something that did not happen. But as usual they could this is the worse form of price gouging.With the profits they are making is outragious.I think Irac should pay us back in oil for all the money we have spent doing there job for them. The gov.could have given every man,woman, and child a million a piece and it still would be less. This country can not keep taking money from us and we still try to live, we are not a bottomless barrol to keep taking from.I don''t see how you can keep giving money away that you do not have,everthing is going up FASTER THAN OUR PAYCHECK AND WE CAN''T SURVIVE ALL BECAUSE OF GREADY PEOPLE WHO WANT MORE LIKE CEO''S WHO ARE NOT WORTH THEIR MILLIONS.

[ahrats]

Oil speculators are the ones keeping the price up and food as well. It is time to bring in the Law. I consider this a crime against humanity or impraved indifference to what they are doing. It''s time to sue wall street investors, start by an injuction on oil and food comodities until things settle down.

[thenetrider]

Correction: It cost approximately $3.00 a barrel to produce, process, and ship the oil to the US. This can be verified. So, that means $124.00 a barrel profit. Just who are we supporting. Guess who is getting rich from all this besides the Middle East. The already rich major oil companies. Ask them how much bonus money they get.

[thenetrider]

It cost approximately $3.00 a barrel to produce, process, and ship the oil to the use. This can be verified. So, that means $124.00 a barre profit. Just who are we supporting.

[rudy654-2009]

Posted by alphaa10 at 12:44 AM

Bush''s show in Saudi Arabia was a joke. "Please give us more oil." "No!" says the Saudi bin Ladin. "But, we are afraid of Iran. We would like you to do something about them."

[rudy654-2009]

Watch gas drop substantially right before of the elections, just like it did in 2004.


--------------------------------------------------------------------------------

Posted by HarryDoghiny at 02:46 AM

Wasn''t that incredible? Thanks for reminding us! Indeed, just before the 2004 election you had prices dropping like it was 1982. And Limbaugh singing the praises of the Iraqi war as a result.

[watcher269-2009]

All I can say is - Republicans - this is your fault - you voted for Bushit and he is driving you into bankruptcy! Ha Ha!

YUP! Follow the Leader without question and he will SCREW you! But with high oil prices comes high Vaseline prices so you Republicans are starting to take it up the A$$ without lubricant!

And you know Republicans like your elected officials who are mostly closet people so they like it through the back door!

Republicans should be deported - they hate America and Americans!

Republicans SUCKK!

[harrydoghiny]

BushCos farewell present to Americans. Anyone who believes these excuses is a fool, it''s price manipulation by big oil, plain and simple. Watch gas drop substantially right before of the elections, just like it did in 2004.

I have a very hard time believing that the idiot son attempted to pursuade the Saudi''s to increase their production with any seriousness. Just way too much circumstantial stuff around his history,and his buddies, and his ambitions for ANWAR for me to believe that he really wants the mideast to increase production. I gotta believe that in his filthy little heart of hearts, he just loves the increase oil prices.

[dchu76]

America imports most of its oil from Canada (19%), Mexico (15%), Saudi Arabia (11.5%), Nigeria (10.5%) and Venezuela (10.5%)

[dchu76]

Saudis are treating Americans the same way like Bush''''s mother treated Katrina victims!
I hope you guys remember her statement for Katrina victims;"Those people were under-privilaged anyway".
--------------------------------------------------------------------------------
Posted by patriotic9 at 11:46 PM : May 19, 2008

Lets stop blaming the arabs, most of the blame belong to the americans. The american dollar value is so low, that is partially to blame for the high gas prices, the war economy and instabillity bush has brought is this point. Plus other countries are using more.

[dchu76]

Time for price controls. We will pay a maximum of $x per barrel of oil regardless of what overvalued price that speculators drive it to. Take it or leave it. If you don''''t take it, you no longer have access to our market.
--------------------------------------------------------------------------------
Posted by nmsuip at 12:04 AM : May 20, 2008

How idiotic of you. Fine stop purchasing oil from OPEC, watch gas stations run out of oil, and gas prices at 20$ a gallon.

[hober_mallow]

Folks, whether we like it or not, the economies of China and India (and Vietnam and the rest) are going to continue to expand. That''s a fact.

So grousing about high energy prices isn''t going to solve anything, ''cuz it''s only going to get worse.

We really need to find solutions. Alternative energy sources. And not that phony methanol, either, where it costs one gallon of gas to product one gallon of methanol. (Remember, one gallon of methanol contains only 85% of the BTUs of one gallon of gasoline.)

[alphaa10-2009]

tbweb said, "Obviously President Bush must have thought a public visit by a U.S. President would put pressure on Saudi Arabia to make a deal. Allowing Saudi Arabia to publicly embarrass the U.S. shows poor judgment by President Bush..."
---
(1) Bush wanted the American public to see him "go out on a limb" for them, and a humiliation only garnered more sympathy for Bush-- precisely the point of the exercise. Humiliation of an American president (even a wannabe like Bush) redirects more anger at OPEC, not at Bush for his comatose grasp of energy policy.

(2) Bush knew all along the OPEC leaders have little sympathy for the oil appetite of the world''s chief consumer (however much they profit from it), but Bush wanted to force the Saudis into an unsympathetic statement, thereby offloading all blame for the current fiasco of American oil policy into the lap of the Saudis.

(3) Big Oil has been largely left out of public debate, to its great relief, though it remains the Culprit in Chief (along with speculators) for the high prices. To be able to scapegoat OPEC is such a pleasant diversion from reality.

(4) Bush and the GOP believe the American voter is basically stupid, so Bush promptly solicits a big "NO!" from the Saudis, so he can promptly return to Washington to renew pressure to drill offshore, at ANWAR, and everywhere else. Already, the regular Bushbot glee club is singing the Drilling Song-- all on cue, as usual. (The foolish consistency of little minds, at work...)

[alphaa10-2009]

stevex47 said, "Hey mascarponi...You stupid dems won''''t allow any new drilling...The democraps ARE the problem. Math may not be your strong point."
---
Market behavior is clearly not yours. Current price gouging is not an oil supply issue-- else why was gas $.999 a gallon in 2001 when Bush took office?

Market speculation is the culprit, and thrives when monopolists impose their will. Doubtless, Big Oil is a cartel as surely as OPEC-- otherwise there would be real price competition among oil companies.

And when both OPEC and our patriotic oil corporations work hand-in-hand as they are now, only OPEC, Exxon, BP-American, Shell, Phillips and the rest end up grinning like the opportunist rodents they are.

Again, with drilling, you have missed the boat completely. There is always oil-- IF we are willing to pay the pump price, AND the price on the environment. But because of an endless cycle of MidEast oil tensions and the Bush failure to recognize viable alternatives already in use in the EU, more Americans than ever have had enough with Bush and American oil politics.

And that is entirely the current issue. The economy cannot survive, much less grow, with the burden of oil price gouging. If you doubt that, just ask a fellow named Bernanke, who is white-knuckled with anxiety about inflation.

[alphaa10-2009]

tekgiz said, "If you look at the recoverable resource in ANWAR, you are looking at an amount equal to some months of our current consumption. It''ll take five to seven years to develop the field, and twenty years to pump the resource. So, at best you would be talking a few percent of what we use available from ANWAR each year..."
---
Bush went to the Saudis to obtain a firm "No!" in order renew his Big Oil-sponsored campaign to expand drilling in the nation''s unspoiled natural parks, coastllines and waterways.

It''s deja vu all over again. When a GOP congress pushed through its ANWAR drilling measure a few years ago, all the information you present was widely known-- including the absurdity of spending five to seven years to develop an oil field whose total flow will run the nation for a few months at current consumption. So, why drill?

But what Bush and Big Oil seek is not ANWAR, this time, but carte blanche to plunder any natural resource, no questions asked. And as if on cue, the Bushbot Glee Club arrives, singing The Drilling Song about vast, undeveloped oil fields just beyond reach-- if only the backward, anti-progess environmentalists would get out of the way..

The core of our problem remains our national addiction to oil-- enabled, abetted and enforced by members of congress and presidents too politically timid to understand they must rise above politics as usual to save the nation from the utter ruin of oil politics.