Gas

[Iceman]

Discuss why you think gas prices are up, and ways we can possibly fix the issue.

[TopGear]

Well they claim the "Unrest in the Middle east and in Libya" but I don't buy it. I think owners that just name there price and then competitors just raise theirs to match the other. Ways to fix it, investing in other forms of fuel.

[Blake1994]

Discuss why you think gas prices are up, and ways we can possibly fix the issue.

Gas prices are up I think because the OPEC countries (especially Saudi Arabia, Kuwait, Iraq, Iran and Venezuela) have such a big hold on the oil market. I think we can fix the issue by maybe trying to rely less on Arab oil and start drilling for more oil in the United States, such as either more in the Gulf of Mexico, or in Alaska. There is more than enough in Alaska as it is. Here in Texas, we have plenty of oil and natural gas, but I don't think its gonna last forever. Also we could maybe try and find other ways to power our cars. We can't keep relying on oil for ever.

[Continuum]

Oil is deregulated in our country. It means greedy assholes can impose large amounts of hikes if they wish, and the government is not even intervening. The current answer is for the government to keep watch, at least, or control how money flows through this. The future solution is to impose a massive overhaul in the system for other, healthier energy sources.

[Perseus]

Over speculation in the economy. People are being idiots and ruining everything. I don't know how one would go about fixing it, though. I am no master of economics.

[Azunite]

Ask us, our gas prices are the highest in the world, officially. I fucking hate it.

[Nevermore]

People are greedy. :3 I hate it!

[slappy]

Gas prices are up because of wall street
They and oil companies have to much freedom over us

[anonymous53]

Gas prices are up. It's supply and demand. We live in a free market economy so there isn't much we can do about this. We could begin to rely on renewable resources. This way the demand for oil would drop; as well as the prices.

[TopGear]

Gas prices are up because of wall street
They and oil companies have to much freedom over us

I don't think wall street has anything to do with gas prices.

I think what sXe-Amo-X said:
Gas prices are up. It's supply and demand. We live in a free market economy so there isn't much we can do about this. We could begin to rely on renewable resources. This way the demand for oil would drop; as well as the prices.

Is the more reasonable answer and makes since.

[Amnesiac]

Oil prices, unfortunately, are based more on extravagant speculation rather than actual supply-and-demand trends. The current situations in Libya and the Gulf are driving up prices, even though the Saudis have claimed they have ridiculous amounts of oil left and are increasing their output.

There's nothing that can be done about prices and their effects on things like gasoline and food prices, unless you let government set the price of oil, which only acts as a catalyst for government debt.

Gas prices are up because of wall street
They and oil companies have to much freedom over us

Nope.

[slappy]

Oil prices, unfortunately, are based more on extravagant speculation rather than actual supply-and-demand trends. The current situations in Libya and the Gulf are driving up prices, even though the Saudis have claimed they have ridiculous amounts of oil left and are increasing their output.

There's nothing that can be done about prices and their effects on things like gasoline and food prices, unless you let government set the price of oil, which only acts as a catalyst for government debt.



Nope.

It is the oil compinies and wall street


the trading of oil on Wall Street. Banks like J.P. Morgan and Merrill Lynch made a killing speculating on the price of oil on the commodities exchange. This $300 billion market came crashing down when the rest of Wall Street exploded. Also, Congress threatening regulations and federal agencies investigating the oil bubble has driven the speculators who drove up prices into hiding. Since then, the price of oil and therefore gas at the pumps has dropped, by a lot, but when they came back prices shot back up


Here is an article

http://www.moneytalksnews.com/2011/03/31/wall-street-wagers-pump-gas-prices/

[Magus]

The Gas price in Kuwait is very stable. A 1 liter of gas is 0.065K.D or 65 Fils(that's 24 Cent!!), while a 500 liter water is 0.120 K.D liter.

[anonymous53]

The Gas price in Kuwait is very stable. A 1 liter of gas is 0.065K.D or 65 Fils(that's 24 Cent!!), while a 500 liter water is 0.120 K.D liter.

It's 24 cents a liter? 0.o. Lucky.

[Korashk]

Gas prices are up. It's supply and demand. We live in a free market economy so there isn't much we can do about this. We could begin to rely on renewable resources. This way the demand for oil would drop; as well as the prices.
I wish this was the reason.

[slappy]

Damn it, i did it again

Gas prices are up I think because the OPEC countries (especially Saudi Arabia, Kuwait, Iraq, Iran and Venezuela) have such a big hold on the oil market. I think we can fix the issue by maybe trying to rely less on Arab oil and start drilling for more oil in the United States, such as either more in the Gulf of Mexico, or in Alaska. There is more than enough in Alaska as it is. Here in Texas, we have plenty of oil and natural gas, but I don't think its gonna last forever. Also we could maybe try and find other ways to power our cars. We can't keep relying on oil for ever.

I'll just leave this here



http://www.youtube.com/watch?v=9rOSJ_M3k2E&feature=youtube_gdata_player

Please do not double post---Socko