thomas41546
All-Star Author
Tennessee
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Message Posted:
3/25/2008 11:11:34 AM
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The end price is really controlled by how much the refineries keep in storage tanks.
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CruisinLinda
Champion Author
Tallahassee
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Message Posted:
3/25/2008 11:04:28 AM
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After this story, oil dropped to the $99-range. Bush's trip to Saudi in late January and his photographed kissing the king must have been a real charmer to get te concession of increasing infrastructure. But as long as the 13-nation OPEC votes to keep production level, the Saudis will be in a bind. And then who will finance U.S. debt by buying hundreds of billions of U.S. Treasury bonds?
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Don20
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Oklahoma City
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Message Posted:
3/25/2008 10:57:03 AM
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It needs to drop some more. Would like to see it drop to $20.00 brl.
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Dr Gas
Rookie Author
Twin Cities
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Message Posted:
3/25/2008 10:52:42 AM
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Does the media not know that the Sudias to not have the control over the price. It's the market speculators that control the price, which is bought with US dollars, which is at a very low value against the other currencys, which puts us in the pickle we have now.
Crazy, I know, but that the way it works.
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Gerund1
Veteran Author
Toronto
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Message Posted:
3/25/2008 10:46:24 AM
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luebird1 has a great point. However since there is still the stigma about Hemp & Hemp products(like clothing, wind breaks etc,) plus the fact that growing or possessing hemp in any form is illegal in much of North America does put a damper on what would otherwise be a logical, sensible & cost effective material to create methanol from. Oh yeh, logic does not appear to have any bearing on this type of thought.
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woos777
All-Star Author
Washington
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Message Posted:
3/25/2008 10:46:06 AM
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Ah, some GOOD NEWS.
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tbradley1973
Veteran Author
Indianapolis
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Message Posted:
3/25/2008 10:44:38 AM
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Same old no news story...
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w4kh
Champion Author
Riverside
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Message Posted:
3/25/2008 10:44:12 AM
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There are a few other things we should be pressuring the Saudis on beside more oil... but "W" is a lame duck and nothing good will come until he is GONE GONE GONE!
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siouxbear
Champion Author
Ontario
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Message Posted:
3/25/2008 10:38:36 AM
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t4204life:
before plastic rope was invented Farmers in the US had to grow hemp it was a critical crop for the rope needen on the ships
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gotoneros
Champion Author
Syracuse
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Message Posted:
3/25/2008 10:38:02 AM
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Ayyup.
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siouxbear
Champion Author
Ontario
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Message Posted:
3/25/2008 10:36:21 AM
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keep talking
start drilling
nationalize the oil companies
or have at least one nationaly owned company[ I know it sounds socialist] that can be there to temper the competition and insure ongoing supplies
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bluebird1
Champion Author
Toronto
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Message Posted:
3/25/2008 10:33:37 AM
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Hemp is one of many crops that grow like weeds, need little or no irrigation energy... roll on cellosic ethanol to replace corn-based.
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uglytom
All-Star Author
Florida
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Message Posted:
3/25/2008 10:33:16 AM
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Whatever they do...it will not be aimed at helping the USA!
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CyberBob
Champion Author
Colorado Springs
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Message Posted:
3/25/2008 10:28:42 AM
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Oil prices need not fall in recession if they restrict supply...
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niceguytx
Champion Author
Houston
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Message Posted:
3/25/2008 10:28:12 AM
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We need alternatives to corn and sugar.
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t4204life
Champion Author
Ohio
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Message Posted:
3/25/2008 10:26:26 AM
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create our own oil,LEGALIZE HEMP! Don't know anything about this plant,RESEARCH IT!
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pgerassi
Champion Author
Wisconsin
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Message Posted:
3/25/2008 10:26:13 AM
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The price of oil will have to fall once the recession spreads.
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mahenv7
Sophomore Author
Toronto
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Message Posted:
3/25/2008 10:25:53 AM
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it is just a temporary relief to make them look good. OPEC.
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PokerAce
Sophomore Author
Louisiana
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Message Posted:
3/25/2008 10:24:44 AM
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you betcha...
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Rageagainsttm
All-Star Author
Tampa
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Message Posted:
3/25/2008 10:24:31 AM
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good
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titanfan93
Veteran Author
Tennessee
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Message Posted:
3/25/2008 10:19:28 AM
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The Saudi's will not do anything that will cause oil to drop. They don't care if we are in a economic down turn.
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flatcoatfun
Veteran Author
Orlando
Posts:273
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Message Posted:
3/25/2008 10:15:33 AM
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exactly Dale Jr!
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Cuzilla
Champion Author
Indianapolis
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Message Posted:
3/25/2008 10:14:44 AM
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If I were sitting on a lake of oil, I would resent anyone trying to persuade me to take less for it than I could otherwise get! So would everyone of you out there!
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KellysDad
All-Star Author
Jackson
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Message Posted:
3/25/2008 10:13:53 AM
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Tell the Saudis to pound sand...drill in ANWR.
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jjulson
Veteran Author
North Dakota
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Message Posted:
3/25/2008 10:13:11 AM
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not a big drop
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laddyboy62
All-Star Author
Riverside
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Message Posted:
3/25/2008 10:11:30 AM
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they say jump..we say how high...fine mess ollie
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sailormon
Sophomore Author
Michigan
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Message Posted:
3/25/2008 10:11:09 AM
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Price here is $3.43! Would love to see a decrease before summer!!
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gasman50
All-Star Author
Portland
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Message Posted:
3/25/2008 10:08:11 AM
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Down baby, down
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Dale Jr.
Champion Author
Iowa
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Message Posted:
3/25/2008 10:06:21 AM
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"Analysts say that speculators, who have helped drive up the price of oil, are taking the opportunity to cash-in on their gains.
No duh.
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tags610
Champion Author
Lincoln
Posts:1,351
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Message Posted:
3/25/2008 10:04:04 AM
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They will do what gets them the most money.
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McNasties
Champion Author
Milwaukee
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Message Posted:
3/25/2008 10:03:30 AM
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PAPER: Revealed: 21 countries more stable, prosperous than USA...
Thank you immigration anti-laws
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bigg_kuntry614
Champion Author
North Carolina
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Message Posted:
3/25/2008 9:59:26 AM
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Now if only we would encourage more refineries in the US. This way we can turn the oil into our fuel.
[Edited by: bigg_kuntry614 at 3/25/2008 10:00:01 AM EST]
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Lonewolftx
Champion Author
Houston
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Message Posted:
3/25/2008 9:58:09 AM
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How nice of them . . .
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pandarisuresh
Sophomore Author
New Jersey
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Message Posted:
3/25/2008 9:55:42 AM
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Good
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pandarisuresh
Sophomore Author
New Jersey
Posts:183
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Message Posted:
3/25/2008 9:55:33 AM
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Good
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amearly
Champion Author
Michigan
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Message Posted:
3/25/2008 9:52:34 AM
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Yet no relief at the pump here.
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Bad300i6
Rookie Author
Kentucky
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Message Posted:
3/25/2008 9:50:49 AM
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If we had more refineries the price of oil wouldn't affect us. We get most of our oil from mexico and canada. The problem is they have to do most of the refining and that costs them money. They pass it on to us and far down the line after everyone has had their hands on it we get the extremely jacked up prices at the pumps. If we could refine our own oil it would be so much cheaper. If you can't support yourself you are dependent on others not to screw you.
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cudatim
Veteran Author
San Antonio
Posts:374
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Message Posted:
3/25/2008 9:49:15 AM
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We can only hope that any positive action will result in some lowering of prices at the pump.
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CyanSquirrel
Sophomore Author
Virginia
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Message Posted:
3/25/2008 9:48:42 AM
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I think there is a supply problem. The Saudis are not known for their truthfulness or forthcoming-ness. So I completely accept the possibility that Saudis are running out but you gotta play possum so your own fortunes don't get hurt. After oil, they'll be nothing but a big pile of sand with a lot of corrupt and angry males wondering why they no longer matter...
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Chazzer
Champion Author
Nevada
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Message Posted:
3/25/2008 9:47:42 AM
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Crude oil prices will stay low until the speculators think about it then, Katie bar the door, prices will rise.
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USM1978
Rookie Author
Mississippi
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Message Posted:
3/25/2008 9:46:30 AM
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I didn't think that the Saudi's were driving the prices. Just recently there was an article about the willingness of the Saudi's to sell oil at $80 per barrel.
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tobasco
Champion Author
Los Angeles
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Message Posted:
3/25/2008 9:44:05 AM
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How, there is no supply problem. Bush should be talking to the NYMEX.
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weenerdog
All-Star Author
Detroit
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Message Posted:
3/25/2008 9:44:03 AM
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The last time that oil was at $100, the prices were in the 2.80 range. Today it is at 3.20. What's up with that?
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bug27
Champion Author
Kentucky
Posts:1,012
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Message Posted:
3/25/2008 9:41:10 AM
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No help now, maybe in the future.
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don985
All-Star Author
Denver
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Message Posted:
3/25/2008 9:39:49 AM
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Keep it falling.
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RCinNM
Champion Author
New Mexico
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Message Posted:
3/25/2008 9:39:00 AM
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Greed
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RPetty
Champion Author
Maryland
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Message Posted:
3/25/2008 9:38:25 AM
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Those Ragheads ONLY Care about what makes Them $$, Not US, for sure!!!
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gbeech
Veteran Author
Detroit
Posts:361
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Message Posted:
3/25/2008 9:37:53 AM
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Take the money and run. It's the capitalistic way.
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selracer
Rookie Author
Detroit
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Message Posted:
3/25/2008 9:28:33 AM
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agreed
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RochBear
All-Star Author
Minnesota
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Message Posted:
3/25/2008 9:28:08 AM
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Sure, Saudi is more than willing to keep pumping oil when the price is over $100
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