Gas Prices Cause Ford to Cut Production
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From: NYC, Ct & NC
Gas Prices Cause Ford to Cut Production
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From: TN
There have been a lot of guys here riding their motorcycles to work. My F150 is the only mode of trans I have. Looking at buying a 4 cyl. beater to get by. I agree - something's gotta give. I heard that gasoline will probably peak at $10.00 a gallon in two years. There goes that Corsa exhaust I wanted. - Og
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From: HUSKER COUNTRY, USA
You can also thank our lovely House and Senate members who cave to law-suit happy tree huggers that keep us dependent on foreign oil and 30 year old refineries, no new nuke power plants, and certain soon to be dead senators who don't want non-oil dependent sources of energy (i.e. wind farms).
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From: Dallas
You can also thank our lovely House and Senate members who cave to law-suit happy tree huggers that keep us dependent on foreign oil and 30 year old refineries, no new nuke power plants, and certain soon to be dead senators who don't want non-oil dependent sources of energy (i.e. wind farms).
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The reason oil prices are at 135 a barrel and climbing at a rate faster than they have ever done is because of commodity brokers and the market makers in agri-futures.
Here, this might help you to understand. It's from and article in the Financial Times by Suneet Chopra and it describes eloquently what the deal is with oil these days:
The whole idea thrives on scarcity
When we speak of ‘future trading’ in commodities, we are referring to a situation in which traders and hoarders buy out the producers cheaply and then raise prices by creating false scarcity, with the consumer eventually having to foot the bill.
The most appropriate, and therefore the worst, example of this has been the astronomical rise in the price of crude oil. A US senate panel has not only conducted an inquiry but has come to the definitive conclusion that the uncontrollable surge in crude prices — what with the Brent currently trading at over $120 per barrel spot price — is without doubt the outcome of Hedge funds having taken bets worth $12 trillion and more on oil futures. That this could raise the price of crude to no less than $1,000 a barrel in the next four to five years seems no longer an implausible or impossible proposition.
An April 24 report on the Dow Jones online Financial News notes that oil speculators, backed and/or tempted by the enticing play of international finance capital, have offered to buy more than the producers can produce, artificially raising prices among themselves. This spike, clearly, has nothing whatsoever to do with the actual scarcity or not of a commodity. Commodities are being traded on in this profligate manner because stocks and shares have failed to deliver. But because of this speculation, the consumer pays more.
When we speak of ‘future trading’ in commodities, we are referring to a situation in which traders and hoarders buy out the producers cheaply and then raise prices by creating false scarcity, with the consumer eventually having to foot the bill.
The most appropriate, and therefore the worst, example of this has been the astronomical rise in the price of crude oil. A US senate panel has not only conducted an inquiry but has come to the definitive conclusion that the uncontrollable surge in crude prices — what with the Brent currently trading at over $120 per barrel spot price — is without doubt the outcome of Hedge funds having taken bets worth $12 trillion and more on oil futures. That this could raise the price of crude to no less than $1,000 a barrel in the next four to five years seems no longer an implausible or impossible proposition.
An April 24 report on the Dow Jones online Financial News notes that oil speculators, backed and/or tempted by the enticing play of international finance capital, have offered to buy more than the producers can produce, artificially raising prices among themselves. This spike, clearly, has nothing whatsoever to do with the actual scarcity or not of a commodity. Commodities are being traded on in this profligate manner because stocks and shares have failed to deliver. But because of this speculation, the consumer pays more.
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From: Dallas
Time to leave the 70s behind. OPEC isn't the primary culprit this time.
The reason oil prices are at 135 a barrel and climbing at a rate faster than they have ever done is because of commodity brokers and the market makers in agri-futures.
Here, this might help you to understand. It's from and article in the Financial Times by Suneet Chopra and it describes eloquently what the deal is with oil these days:
(Granted, OPEC could be collusion with commodity brokers and market makers, but that's a whole other can of worms).
The reason oil prices are at 135 a barrel and climbing at a rate faster than they have ever done is because of commodity brokers and the market makers in agri-futures.
Here, this might help you to understand. It's from and article in the Financial Times by Suneet Chopra and it describes eloquently what the deal is with oil these days:
(Granted, OPEC could be collusion with commodity brokers and market makers, but that's a whole other can of worms).
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From: HUSKER COUNTRY, USA
You know, if we just nuke China and India, it would:
A) Cut demand for oil considerably
B) Bring the tele-comm jobs back home
C) Bring manufacturing jobs back home
That would strengthen the U.S. economy pretty quickly I'd say.
A) Cut demand for oil considerably
B) Bring the tele-comm jobs back home
C) Bring manufacturing jobs back home
That would strengthen the U.S. economy pretty quickly I'd say.
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From: Dallas
now you're back down to 0...big -1
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GO PENS GO!!
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Also interestingly enough, now that the dollar is weak and the opportunity to start up manufacturing jobs here at home is a reality, do you see corporations taking advantage of that????
No you don't.
Why do you think that is?
(By the way folks, it's a rhetorical question).
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From: Tulsa, O K L A H O M A!
http://www.census.gov/foreign-trade/...l/gandsexp.pdf
Not all of that is manufacturing, but some of it is.
Grim
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From: Lockport, La.
Paying about 400 to 500 hundred buck's a month on my daily 100 mile a day commute. Most of my driving is on old highway 90 in South Louisiana, so driving anything smaller then a Kenworth is scary! Gas is around 3.75 for 87 around here now, no price break's for all the refineries we have around here either. 