Why oil could hit $180 a barrel From MSN Money - Jemsite
Off-topic / Miscellaneous Talk about miscellaneous stuff off-topic and not related to music, guitars or bands. No music, gear or anything guitar related here please.

Closed Thread
 
LinkBack Thread Tools Display Modes
post #1 of 196 (permalink) Old 04-22-2008, 11:09 PM Thread Starter
 
Join Date: Jan 2008
Location: Arizona
Posts: 77
Unhappy Why oil could hit $180 a barrel From MSN Money

I heard people pointing fingers at everyone but themself.

http://articles.moneycentral.msn.com...rsABarrel.aspx
ranman2u is offline  
Sponsored Links
Advertisement
 
post #2 of 196 (permalink) Old 04-22-2008, 11:10 PM
 
Join Date: Oct 2006
Location: Nagoya, Japan
Posts: 1,847
Re: Why oil could hit $180 a barrel From MSN Money

Well I guess I'm glad I walk everywhere I go. Or take the train, which is electric.
kotornut is offline  
post #3 of 196 (permalink) Old 04-22-2008, 11:14 PM
Moderator
 
elcid's Avatar
 
Join Date: Nov 2002
Location: chicago
Posts: 9,558
Re: Why oil could hit $180 a barrel From MSN Money

Everyone has a theory about why the prices are so high, the main reason prices are high is because they can be.
elcid is offline  
post #4 of 196 (permalink) Old 04-22-2008, 11:18 PM
 
taracatac's Avatar
 
Join Date: Jun 2005
Location: Seattle, WA
Posts: 1,004
Re: Why oil could hit $180 a barrel From MSN Money

Yep, the oil companies have us by the short curlies.
taracatac is offline  
post #5 of 196 (permalink) Old 04-22-2008, 11:23 PM
 
Join Date: Sep 2002
Location: NB Canada
Posts: 3,467
Re: Why oil could hit $180 a barrel From MSN Money

It's called price fixing.
Rotti is offline  
post #6 of 196 (permalink) Old 04-22-2008, 11:28 PM
Moderator
 
elcid's Avatar
 
Join Date: Nov 2002
Location: chicago
Posts: 9,558
Re: Why oil could hit $180 a barrel From MSN Money

I was thinking its called screwing people.
elcid is offline  
post #7 of 196 (permalink) Old 04-22-2008, 11:39 PM
 
ScottB's Avatar
 
Join Date: Dec 2001
Location: Pasadena, MD
Posts: 2,210
Re: Why oil could hit $180 a barrel From MSN Money

Yea, and it's not just the oil companies...
ScottB is offline  
post #8 of 196 (permalink) Old 04-22-2008, 11:42 PM
Moderator
 
elcid's Avatar
 
Join Date: Nov 2002
Location: chicago
Posts: 9,558
Re: Why oil could hit $180 a barrel From MSN Money

Not to play the role of Captain Obvious here, but the quickest way to fix the economy would be to get gas prices reasonable.

Before the thread goes there, I dont care about prices in other countries, and my car wont run on Starbucks, so comparing jerk offs spending $5 for a cup of coffee to gas prices doesnt make any damn sense.
elcid is offline  
post #9 of 196 (permalink) Old 04-22-2008, 11:45 PM
 
taracatac's Avatar
 
Join Date: Jun 2005
Location: Seattle, WA
Posts: 1,004
Re: Why oil could hit $180 a barrel From MSN Money

Gas prices are causing everything to go up. Food prices are climbing very quickly. There have been riots across the globe over rising food costs. I don't even want to get started, so I will just be a casual observer
taracatac is offline  
post #10 of 196 (permalink) Old 04-22-2008, 11:51 PM Thread Starter
 
Join Date: Jan 2008
Location: Arizona
Posts: 77
Re: Why oil could hit $180 a barrel From MSN Money

Quote:
Originally Posted by kotornut View Post
Well I guess I'm glad I walk everywhere I go. Or take the train, which is electric.
And there is nothing wrong with that. I walk to the store for food and supplies all the time. Its fun and get me my much needed exercise.
ranman2u is offline  
post #11 of 196 (permalink) Old 04-22-2008, 11:52 PM Thread Starter
 
Join Date: Jan 2008
Location: Arizona
Posts: 77
Re: Why oil could hit $180 a barrel From MSN Money

Quote:
Originally Posted by elcid View Post
Everyone has a theory about why the prices are so high, the main reason prices are high is because they can be.
Have you read the article? He talks about some of the why.
ranman2u is offline  
post #12 of 196 (permalink) Old 04-23-2008, 12:00 AM Thread Starter
 
Join Date: Jan 2008
Location: Arizona
Posts: 77
Re: Why oil could hit $180 a barrel From MSN Money

Here is another good site. http://www.lifeaftertheoilcrash.net/

The fact is simple we are running out of oil and its harder to find it. It also cost more to get out of the ground. So say good by to the SUV and muscle cars.
ranman2u is offline  
post #13 of 196 (permalink) Old 04-23-2008, 12:01 AM
Moderator
 
elcid's Avatar
 
Join Date: Nov 2002
Location: chicago
Posts: 9,558
Re: Why oil could hit $180 a barrel From MSN Money

Quote:
Originally Posted by ranman2u View Post
Have you read the article? He talks about some of the why.
Yep, and I've read it, and 4 or 5 other stories with different reasons. Another article says it's because the price of oil is based on speculation and even though it isn't selling at $117/ barrell it can and that's what dictates the price. I stand by my post, everyone has a theory but no one is giving us any honest answers. Yes global consumption is up, and no one had the foresight to build new refinaries or do proper upkeep on existing ones, and the value of the dollar is down and blah blah blah, but if the oil companies couldn;t get what they were selling it for, it wouldnt be so high.

As much as I am anti-teenagers, I feel bad for anyone working part time for minimum wage. They probably can barely afford gas let alone insurance and any extra money to quit suckling at mom and dad's teat.
elcid is offline  
post #14 of 196 (permalink) Old 04-23-2008, 12:03 AM
 
Join Date: Oct 2006
Location: Nagoya, Japan
Posts: 1,847
Re: Why oil could hit $180 a barrel From MSN Money

Quote:
Originally Posted by ranman2u View Post
And there is nothing wrong with that. I walk to the store for food and supplies all the time. Its fun and get me my much needed exercise.
Yeah it's easier in Japan though. I was born and raised in California and I know that it'd be impossible for me to walk everywhere there. You have to drive. The automobile companies pushed for highways instead of trains in the 50s. Now that has turned out to be a bad decision.

But if you can walk, do it. It's better for you and it's free.
kotornut is offline  
post #15 of 196 (permalink) Old 04-23-2008, 12:06 AM Thread Starter
 
Join Date: Jan 2008
Location: Arizona
Posts: 77
Re: Why oil could hit $180 a barrel From MSN Money

Lets say we go to an electric car look how much it cost to go 40 miles!!!!!! Its under 2 bucks. I drive this car anyday. Chevy Volt concept car.

http://gm-volt.com/chevy-volt-reason...-of-operation/
ranman2u is offline  
Closed Thread

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Jemsite forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address

IMPORTANT: You will be required to activate your account so please ensure that your email address is correct.

If you do not receive your activation check your spam folder before using the CONTACT US form (at the bottom right of each page).



Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
Will I have enough money for my project VaLDeZ Vendors, Auction & Reseller Talk 5 09-17-2005 12:34 PM
Spending the money the right way ... chlamy JEM and Universe Guitars 10 12-06-2002 08:37 AM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome