Comments on: Why Are Oil Prices Increasing?

By: Shoebox

Shoebox — Tue, 03 Jun 2008 12:42:53 +0000

Chaz, you’re right. How could I have missed it! The stock certificates are in plain sight right next to the thermostat that allows President Buuuuuuuuuuuuush to control the climate temperatures!

By: Chaz

Chaz — Tue, 03 Jun 2008 06:49:20 +0000

has it occurred to anyone that the bush family owns oil companies of their own? i am not skilled in the corrupt system known as politics, but i can see that the bush family may have SOMETHING to do with this, maybe not a huge piece, but a piece nonetheless; just goes to show another wonderful thing about the illiterate dumbass in office for another 6 months.

By: steveegg

steveegg — Fri, 23 May 2008 01:59:00 +0000

Randomized thoughts:

– Actions, or more-properly, lack of actions do have consequences, especially at the extreme end of the supply/demand curve with said curve moving further along the demand-outstripping-supply territory.
– Natural gas is the next domino in the explosion of energy prices, one that will go off right about the election (I’m thinking at least $18/10,000 million BTU by Christmas compared to $11 and change now). The price of natural gas has historically been a cyclical, seasonal fluctuation much like heating oil has. The difference this year is there has not been any seasonal pullback. Gee, I wonder why .
– Related to natural gas, while it was a prefered source of generation for We Energies, it fortunately was never the sole one. Can you imagine the cost of electricity if the new generators in Oak Creek would have been natural gas instead of coal?
– Electricity for transportation just isn’t going to work up here in the Snow Belt, whether it’s generated from coal, natural gas, nuclear, wind, solar, hydro, or biocrap. Anybody who has left a car outside overnight in a January freeze can tell you that a battery holds but a fraction of the charge it holds in July.

By: teqjack

teqjack — Thu, 22 May 2008 21:43:17 +0000

“OK, this would be a lot easier if I could draw arrows on graphs

Are you using WinDoze of any type? Right-click on the *.JPG, go down and click “Open With”, select “paint”, and open it (uh, do NOT check “always open with” box).

I’m sure the sourApple system and other various Unix types have some equivalent.

By: Shoebox

Shoebox — Thu, 22 May 2008 16:59:58 +0000

Dad29 – yup I hope I was clear that there are many other contributing factors. My point was that the coup de gras, the reason it continues to roll forward is that we’ve told them we aren’t going to do anything to change it. As to natural gas for fuel…yup again however, we can covert coal into gas at about $60/barrel, oil shale less than $100…again, environmentalists have the DC weanies tied in knots. I know you are fond of quotes…how about the definition of insanity!

By: Dan

Dan — Thu, 22 May 2008 15:02:08 +0000

The price also surged quite a bit when the Dem’s and RINO’s shot down the ANWAR idea again. The oil producers know that we pretty much have tapped out all of our oil resourses and will do nothing to get new oil- same with new refineries. Then the same week, the Fed’s put the polar bear on the endangered list, which may make it even harder to get oil. So, thanks to the libs, Dem’s or RINO’s we have $4.00 a gallon gas and it will get much worse.

By: Headless

Headless — Thu, 22 May 2008 14:57:40 +0000

Dad – Dickie-adoodoo & his many minions were bigtime into gas fired power in the late 1990’s. It was almost ‘too cheap to meter’ then, and was the fuel they chose for increased capacity for the 21st century.

I put new nukes in the same category as ANWR. Nice in theory, but they take a long time to implement. There is also a huge problem with the aging workforce (they may never let me retire) and work that is beneath the dignity of the 20-something barrista generation.

By: dad29

dad29 — Thu, 22 May 2008 14:24:38 +0000

As to nukes–that will relieve the strain on natural-gas supply, and natural gas IS a “possible” auto fuel (but not lubricant.)

What’s being ignored is the also-very-high price of natural gas…

By: dad29

dad29 — Thu, 22 May 2008 14:22:14 +0000

Shoebox–as to “tea….momentum,” I am near unto purchasing another .30-06 and lots more ammo…

Interesting thesis, by the way, and well-presented. I’m inclined to grant that MOST of the runup has to do with McCain/DemocratX’s willingness to be supine and offer US citizens as sacrifices to the god of Ecological Correctness.

Other factors are also present: China/India subsidization of oil prices for their consumers; possible war with Iran; and the fall of the USdollar.

By: Shoebox

Shoebox — Thu, 22 May 2008 12:58:02 +0000

Christopher – solar, wind and even nuclear are canards that the politicians and MSM spout to give folk’s the impression that there are solutions other than oil. They are worth exploring but oil supplies less than 2% if our electricity which is what those technologies are focused on. Oil is the only solution we have today for transportation…this is the MAJOR piece that gubmint wishes wasn’t true but is.

Headless – no doubt on the Dems but I think they have been assumed to be bad for energy policy. What has thrown this over the edge is that we have an alleged Republican that is walking in lockstep with them. I thought the dates were interesting and just happened to correspond to oil direction but I don’t think the markets react quite like that. I do think that the direction is being driven by the perspective that regardless, the US govt. is loathe to increase production.

Paul – You can play poker like the politicians. You just need to use someone elses money and you bet as stupidly as you like! The one hope I have is I’m starting to see some polls that the US citizenry is starting to get it…not quite ready to throw the tea over the side yet but it’s getting momentum.

By: Christopher

Christopher — Thu, 22 May 2008 12:12:32 +0000

Though I do agree that in the long run we should explore more I also support diversification and there are many new exciting developments that have made solar more efficient and economical. The value of the global economy has soared from $36 trillion to $70 trillion in the last 8 years alone. That number will continue to grow and will probably accelerate. For anybody fighting the war on poverty, that figure should be good news.

By: Headless

Headless — Thu, 22 May 2008 11:45:30 +0000

SB – I think you need to look at the Democratic side, too. I know that the stock market takes news of Obama’s success poorly. I think this applies moreso to oil.

The 2/4 and 3/6 dates also coincided with surprising Obama wins. We can now throw in 5/20, when BO declared victory in committed delegates.

Oil money understands that with a weak U.S. leader, international tensions will increase. Obama may be the next Jimmy Carter and this is being factored into oil futures.

By: Paul Berry Laker

Paul Berry Laker — Thu, 22 May 2008 11:04:11 +0000

Great information. I wish I could play poker like the polititions. How far will the MSM dig into this. Will anyone even dare to talk about our gov.and polititions roll in this fiasco, don’t think so. I can just see the latest headlines. It’s the republicans fault for voting for all this. If we only had a dem as president this would not have happened. If Algore would of won in 2000 we would have cheep gas and oil today. Yea right. Keep up the great work.