civil unrest

[ncat12]

why must there be civil unrest in the middle east to drive up oil price . do we not have enough oil in reserve to last a decade or 2

[C-Gold]

We do, there are idiot speculators bidding the price up.

[Nats' Fan]

why must there be civil unrest in the middle east to drive up oil price . do we not have enough oil in reserve to last a decade or 2

The key word is "reserve". Hypothetically, what if world war 3 happened tomorrow? That is why we do not touch our reserves.

[onetrickpony]

The key word is "reserve". Hypothetically, what if world war 3 happened tomorrow? That is why we do not touch our reserves.

[kiefynugs]

uh no there is not enough american oil in reserve to last a decade. Scientists also discovered that oil production has already peaked and that we are entering the decline. Pretty much when OPEC admitted to lying about 40% of their reserves.

[EmpireMaker]

the oil companies used to wait until the oil used to cost them more before they raised gas prices but since the Bush Regime they raise prices instantly on the prospect of possible higher oil prices = massive profits for oil companies

[dizzy_7]

When BP can lose all that money from a leaking oil well in the ocean... pay for all the cleanup, pay the fines and still makeboat loads of money, then you can really understand exactly how MUCH they actually make

[princecharles]

When BP can lose all that money from a leaking oil well in the ocean... pay for all the cleanup, pay the fines and still makeboat loads of money, then you can really understand exactly how MUCH they actually make

this is just pure silly!

[princecharles]

Why try to figure out third world animals using a reasonable western metric?

[hugh4310]

Yeah then we run out and the prices go even higher.

[jeffdane]

Prob be looking at 6.00 gallon this summer.

[pittmatt80]

The people that own the oil know it is going to run out sooner than expected and are trying to make as much money as they can before it's gone. Or technology replaces gasoline completely. Also they are a bunch of greedy bastards.

[falconticket]

Damn sand monkeys

[D3 Mighty Ducks]

Prob be looking at 6.00 gallon this summer.

Yeah right.

[N.O.S.]

We do, there are idiot speculators bidding the price up.

Government must pass the law to shoot those scumbags because they put our national security in jeopardy.

[Squareguy]

I'm really hoping that this will push for some kind of cheap alternative.

I know they exist, but nothing that could really be entirely switched out for oil in 4-5 years.

Probably not a bad idea to invest in oil for at least short term.

[princecharles]

call them what they are..riots

[princecharles]

bullshit........its riots i said!!!

[acarmelo1]

I'm really hoping that this will push for some kind of cheap alternative.

I know they exist, but nothing that could really be entirely switched out for oil in 4-5 years.

Probably not a bad idea to invest in oil for at least short term.

Hydrogen cars.

Look at Norway, they are even making hydrogen stations on the road.

Cars exahoust Water, not Smoke.

[ncat12]

only if the texas Oil-billion-aires could have seen what they were gonna put there grandchildren through they MAY have done things differently and tried for an alternative way back....NOT