Why oil could hit $180 a barrel From MSN Money

[ranman2u]

I heard people pointing fingers at everyone but themself.

http://articles.moneycentral.msn.com...rsABarrel.aspx

[kotornut]

Well I guess I'm glad I walk everywhere I go. Or take the train, which is electric.

[elcid]

Everyone has a theory about why the prices are so high, the main reason prices are high is because they can be.

[taracatac]

Yep, the oil companies have us by the short curlies.

[Rotti]

It's called price fixing.

[elcid]

I was thinking its called screwing people.

[ScottB]

Yea, and it's not just the oil companies...

[elcid]

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.

[taracatac]

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

[ranman2u]

Originally Posted by kotornut

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]

Originally Posted by elcid

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]

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.

[elcid]

Originally Posted by ranman2u

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.

[kotornut]

Originally Posted by ranman2u

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.

[ranman2u]

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/