Are these grossly overinflated gas prices just a front so big oil can start drilling off the us coast?

the saudis say there is no reason for these prices and that oil is in great supply.Are these grossly overinflated gas prices just a front so big oil can start drilling off the us coast?
No, they profit more from it not being drilled. They could care less considering the current environment.





1. OPEC shortens supply when oil rich nations are unstable. (Afghanistan, Iraq and Iran are all causing them to decrease supply which increases prices.)





2. The value of the U.S. dollar has decreased dramatically, which makes the price higher as oil is traded in U.S. dollars.





3. The speculation market contributes to almost 40% of the current cost of gas. Bush deregulated the speculation market and has set a record new low for dividends (capped at 15%tax).





Roughly 75% of the existing land set aside for drilling is NOT being drilled because it is more lucrative to NOT drill. Increasing the amount of land is not going to save the day. In fact, economists estimated 3months ago that if 100% was being drilled of the land already set aside, it'd drop the cost by about 25cents/gallon (and it'd take at least 5years to make this possible including refining).





Think about it (corruption in our government, corruption by the big oil companies entangled in it).Are these grossly overinflated gas prices just a front so big oil can start drilling off the us coast?
Why would you blame big oil for the worldwide price of oil ?





They don't control whats paid for saudi, candian, mexican, venezuelian oil.





You should be thanking big oil.





Since the democratic party gained control of Congress in Janurary 2007.





Worldwide oil prices has increased 187%





But gasoline prices have only increased 91%





If the oil companies passed on the full increase of the oil prices on the oil they have to BUY to refine into gasoline.





Gasoline would cost $6.00 a gallon.
Yes. The same thing that drove corporations to do business overseas is what drove drilling away-profitability. You don't really believe the higher echalon of lobbiests would allow environmentalists to have their way without a reason, do you? Once the prices reach 5 dollars, media will begin to sell we the thirsty motorists on war with the selfish environmentalists. From the looks of this topic in blogs, the advertisers have successfully sold us domestic drilling as being ';alternative.';
That is considerable, on top of all kinds of


concrete reasons which immediately


pose as obvious or likely or hidden or


politically-involved, not to mention


economic, and it just goes on.





How many of us were wondering from the


START of the introduction of SUVs, just


what that was all about.





I won't continue here, because it would become


an endless tirade. Thanks for the question.
The democrats have kept us from drilling or building any new refineries for the past 25 years, but I suppose you're proud of that....oil drives our economy and when we depend on FOREIGN oil, this is what happens. Democrats want our economy to come to a grinding halt. Why the hell aren't we using nukes? The most efficient power source we have....hell, even France knows the benefits of going nuke. Know what else, to hell with the effin Saudis!! I say glass 'em


Floyd's correct!! I have always said that!!!
I don't know.





However, Americans have unquestionably proven that they are willing to continue buying gas no matter how high the cost climbs. Ergo, the oil companies have zero incentive to lower prices.
Demand for gas is goin down and price is rising. In a truely free market- that is economically an impossibilty. Gas prices are being manipulated by the economic (and possibly political) elite.
Is there no one special agent we can get to work on this and tell us the truth? Is there no one who will give the American people the real story? Is there no one?


Sorry don't have an answer for this one...it just pees me off!


(Hey Cavey!)
Why shouldn't ';big oil'; drill off the coast in the Gulf of Mexico?





China (along with Cuba) is.





People, buy a clue, will ya?
When The oil prices went up as fast as they did I said to myself next they'll tell us they have to drill in Alaska. I was wrong they want to drill in the ocean.
or up in alaska. it kills some of them to allow anything to remain even semi pristine.
Blame it on the Democrats and Liberals!
That is what I've been thinking, I just didn't think anybody else was.
Ding! Ding! Ding! Ding! Ding!
Read the book Black Gold Strangle Hold
youve got a BIG BIG check right there!:-)
http://www.americansolutions.com/