Reason for High Gas Prices?

[Shad]

Our economy has been inflated (fed reserve rate cuts) with fake (fiat) currency. Its not just oil. It is all things. Look at food, energy, entertainment, education, health, etc.. Prices are increasing everywhere on everything. That is the question. Why are all prices so high and rising on all things? (not just oil).

Oil supply is speculative. Prices are marginally fixed on supply/demand.

That's an easy question for Food and Entertainment and yes it does all go back to the price of oil.

It takes gas to get the products from the distributors to the market place, A lot of the machines used to manufacture these products especially food items run on some type of oil to keep the parts lubed, The plastic packaging that the food and other products come in are made from a oil based product. These prices are passed on the the retailers who in turn pass them along to us in order to keep their profits up.

They keep throwing this well demand is higher than supply and that is BS nonsense. Reports show that consumers have cut back over 4% over the last month and even more than that over the past year. Everything that is going on right now is because of the people who are invested in Big Oil for their retirement funds are refusing to let the price drop because they don't want to lose money so as long as they are rich and well off they could care less about Jane and John down the street. It's just a sad example of the way humans treat each other in this day and time with the " As long as I'm not effected I don't care about you" attitude.

[kat8585]

Our economy has been inflated (fed reserve rate cuts) with fake (fiat) currency. Its not just oil. It is all things. Look at food, energy, entertainment, education, health, etc.. Prices are increasing everywhere on everything. That is the question. Why are all prices so high and rising on all things? (not just oil).

Oil supply is speculative. Prices are marginally fixed on supply/demand.

One reason is because all goods are delivered by trucks and planes that run on fuel. Then when they take a good chunk of our food supply to make fuel, it doesn't help.

[MorningGlory]

I don't know anything about this aspect of the problem, but is there a way to outlaw speculation, as I've heard this is one of the main reasons gas prices are so high, and this didn't used to happen. Or at least regulate it some way?

Speculation, in itself, is legal and can actually promote a healthy stock market. However, when those speculating are the oil execs themselves, members of government, officers of the World Bank or others who can pull the strings for the entire world's economy, it becomes a problem. I know there is a law against this, at least in the U.S., but I can't remember what it's called. I believe our government should be reining in those who are manipulating our economy into bankruptcy but, I hate to say it, but I believe that some in our government are part and parcel of it. No 'liberal' or 'conservative' shenanigans here; it's bipartisan in nature. Ask yourselves who (as in a group) has the oil company connections, major personal oil stock holdings, OPEC connections, and the power of the U.S. military behind them and you will know who is behind this greed fest in the world oil market. I believe they're getting the mega-profits while they can because it will be over before long. Just follow the money....

See link for more info on speculators....

http://www.jubileeinitiative.org/RiggedOil.html

[faith pleases God]

Our economy has been inflated (fed reserve rate cuts) with fake (fiat) currency. Its not just oil. It is all things. Look at food, energy, entertainment, education, health, etc.. Prices are increasing everywhere on everything. That is the question. Why are all prices so high and rising on all things? (not just oil).

Oil supply is speculative. Prices are marginally fixed on supply/demand.

One reason is because all goods are delivered by trucks and planes that run on fuel. Then when they take a good chunk of our food supply to make fuel, it doesn't help.

Oil prices are high because of inflation (rate cuts by the Fed. res.) more than supply (which is speculative). The supply is nothing but a speculation. Our over inflated housing market gives testimony to rate cuts not oil prices. Our economy is indebt and infated. It is a bubble and about to be popped. It has been infalted on purpose.

http://money.cnn.com/2008/06/11/news/econo...sion=2008061113

http://money.cnn.com/news/specials/fed/

[MorningGlory]

Our economy has been inflated (fed reserve rate cuts) with fake (fiat) currency. Its not just oil. It is all things. Look at food, energy, entertainment, education, health, etc.. Prices are increasing everywhere on everything. That is the question. Why are all prices so high and rising on all things? (not just oil).

Oil supply is speculative. Prices are marginally fixed on supply/demand.

One reason is because all goods are delivered by trucks and planes that run on fuel. Then when they take a good chunk of our food supply to make fuel, it doesn't help.

Oil prices are high because of inflation (rate cuts by the Fed. res.) more than supply (which is speculative). The supply is nothing but a speculation. Our over inflated housing market gives testimony to rate cuts not oil prices. Our economy is indebt and infated. It is a bubble and about to be popped. It has been infalted on purpose.

http://money.cnn.com/2008/06/11/news/econo...sion=2008061113

http://money.cnn.com/news/specials/fed/

Oil prices have little to do with the Federal Reserve cutting interest rates; oil is a commodity and is held and traded as such. Even OPEC is saying that the current prices can't be supported by supply and demand either. See link .... Uh....what does 'infalted' mean?

http://news.yahoo.com/s/ap/20080613/ap_on_bi_ge/oil_prices

[faith pleases God]

Our economy has been inflated (fed reserve rate cuts) with fake (fiat) currency. Its not just oil. It is all things. Look at food, energy, entertainment, education, health, etc.. Prices are increasing everywhere on everything. That is the question. Why are all prices so high and rising on all things? (not just oil).

Oil supply is speculative. Prices are marginally fixed on supply/demand.

One reason is because all goods are delivered by trucks and planes that run on fuel. Then when they take a good chunk of our food supply to make fuel, it doesn't help.

Oil prices are high because of inflation (rate cuts by the Fed. res.) more than supply (which is speculative). The supply is nothing but a speculation. Our over inflated housing market gives testimony to rate cuts not oil prices. Our economy is indebt and infated. It is a bubble and about to be popped. It has been infalted on purpose.

http://money.cnn.com/2008/06/11/news/econo...sion=2008061113

http://money.cnn.com/news/specials/fed/

Oil prices have little to do with the Federal Reserve cutting interest rates; oil is a commodity and is held and traded as such. Even OPEC is saying that the current prices can't be supported by supply and demand either. See link .... Uh....what does 'infalted' mean?

http://news.yahoo.com/s/ap/20080613/ap_on_bi_ge/oil_prices

Oil prices are rising because OF the cutting of interest rates. Just like gold even the stock market. As well as rising prices it can also be said that your dollar is really just becoming worth less (inflation).

[MorningGlory]

Our economy has been inflated (fed reserve rate cuts) with fake (fiat) currency. Its not just oil. It is all things. Look at food, energy, entertainment, education, health, etc.. Prices are increasing everywhere on everything. That is the question. Why are all prices so high and rising on all things? (not just oil).

Oil supply is speculative. Prices are marginally fixed on supply/demand.

One reason is because all goods are delivered by trucks and planes that run on fuel. Then when they take a good chunk of our food supply to make fuel, it doesn't help.

Oil prices are high because of inflation (rate cuts by the Fed. res.) more than supply (which is speculative). The supply is nothing but a speculation. Our over inflated housing market gives testimony to rate cuts not oil prices. Our economy is indebt and infated. It is a bubble and about to be popped. It has been infalted on purpose.

http://money.cnn.com/2008/06/11/news/econo...sion=2008061113

http://money.cnn.com/news/specials/fed/

Oil prices have little to do with the Federal Reserve cutting interest rates; oil is a commodity and is held and traded as such. Even OPEC is saying that the current prices can't be supported by supply and demand either. See link .... Uh....what does 'infalted' mean?

http://news.yahoo.com/s/ap/20080613/ap_on_bi_ge/oil_prices

Oil prices are rising because OF the cutting of interest rates. Just like gold even the stock market. As well as rising prices it can also be said that your dollar is really just becoming worth less (inflation).

Cutting interest rates makes money cheaper to borrow, basically. What does this have to do with rising oil prices? Oil is a commodity; people aren't borrowing to buy it (hopefully!) Oil prices are rising because of runaway speculation in the world market. What does 'infalted' mean???

[eric]

Tick tock tick tock.

[Gerioke]

China is increasing oil imports because they can afford to and they know it is crippling the west. Somebody told me a long time ago that the next big war would be economic. Looks like it.

[Guest]

A caller said, on the morning radio show, that there was more oil in Colorado than there is in Saudi Arabia.

Yes, but its in whats called "oil shale" and tar sands -- which makes the stuff really nasty to get out of the ground so you can use it. The oil companies have been trying to come up with an economically viable process for a long time, but its not there yet.