4.75What are some of the estimates of how high oil prices will be next year?
$3.50....$3.60..- Do I hear, $3.75 by July '07- Wait!- There's a $3.90 in N.Y.C., - going, going- gas is going to be SOLD, to the poor lady pumping it into her oversized SUV at $4. a gallon in Des Moines, Iowa- a year from today. ... Happy motoring! :)What are some of the estimates of how high oil prices will be next year?
2.20
I predict that barrels will top out at $80.00 by the en dof the year which makes gas about 15 to 25 cents more than it is now
Wednesday, April 28, 2010
Transmission oil change price?
For a 2001 honda civic, is $60 a good price for a transmission oil change? the service people claim it's so high because synthetic oil must be used as my car is now at the 134,000 mile mark.Transmission oil change price?
$60 is actually a really good price. I'm pricing a transmission flush/service for my 2002 VW Golf and the best price found is $89.95 (and this is with a $35 off coupon).
Make sure that whoever is doing it is doing a FUL fluid change (including the torque converter etc...) and replacing your gasket and filter.
(you're referring to transmission so I assume you're talking about your ATF fluid NOT a standard oil change)
Transmission oil change price?
Thats a steal!
$60 is actually a really good price. I'm pricing a transmission flush/service for my 2002 VW Golf and the best price found is $89.95 (and this is with a $35 off coupon).
Make sure that whoever is doing it is doing a FUL fluid change (including the torque converter etc...) and replacing your gasket and filter.
(you're referring to transmission so I assume you're talking about your ATF fluid NOT a standard oil change)
Transmission oil change price?
Thats a steal!
Why is it that whenever oil prices have risen by 60% or more?
..recession has almost always followed.Why is it that whenever oil prices have risen by 60% or more?
Hi,
The two are related parts of the business cycle. Good times are followed by bad times. With oil, commodity prices rarely outpace inflation except in times of exceptional increases in demand.
These are typically temporary, and often are temporary commodity-price bubbles.
Example:
During 2006 and 2007, we saw a rise in oil prices because the world economy was growing and its appetite and demand for oil was growing. As the demand for oil caused lower invetories and expectations for higher future prices, investors bought into oil contracts and oil futures both to guarantee themselves a certain price of oil and to speculate on future prices increases, betting they could make money by making the right bet. As the world economy was dragged down by the US economy, the price of oil was similarly affected as its price could only be justified during good times when prices were expected to continue rising. As the first hints of recession started, investors new the oil price party was over.
Good times are often associated with rising price pressures (inflationary pressures), rising incomes, low interest rates, growing economy, rising GDP.
Bad times are often associated with easing price pressures (deflationary pressures), dropping incomes, high interest rates, slowing economy, dropping GDP.Why is it that whenever oil prices have risen by 60% or more?
increased in oil prices doesn't cause recession, it does caused inflation, where the value of dollar depreciated and that's why prices went up.
recession occurred when the price of everything dropped, and businesses laid of workers to keep their profit, that increased the unemployment rate.
we are in the recession not because the oil is decreasing dramatically, but the prices for everything is decreasing, or it's about to decrease (well..lowered the oil price did contribute to that.) that mean the company aren't going to make as much as it use to, therefore, they have to laid off workers.
They are solutions to resolve this recession we are about to have. we can lower the min wages (like that's going to happen! ) or we can increase our expenditure to bring the price up again.
Because everything is related to the price of fuels from heating your home to going out to eat. The cost of transporting goods goes up and every industry feels the crunch and they pass those costs on to the consumers who are already burdened by the high cost at the pumps.
Because it's a reflection of the failure of the capitalist system, oil and capitalism are intertwined.scars
Hi,
The two are related parts of the business cycle. Good times are followed by bad times. With oil, commodity prices rarely outpace inflation except in times of exceptional increases in demand.
These are typically temporary, and often are temporary commodity-price bubbles.
Example:
During 2006 and 2007, we saw a rise in oil prices because the world economy was growing and its appetite and demand for oil was growing. As the demand for oil caused lower invetories and expectations for higher future prices, investors bought into oil contracts and oil futures both to guarantee themselves a certain price of oil and to speculate on future prices increases, betting they could make money by making the right bet. As the world economy was dragged down by the US economy, the price of oil was similarly affected as its price could only be justified during good times when prices were expected to continue rising. As the first hints of recession started, investors new the oil price party was over.
Good times are often associated with rising price pressures (inflationary pressures), rising incomes, low interest rates, growing economy, rising GDP.
Bad times are often associated with easing price pressures (deflationary pressures), dropping incomes, high interest rates, slowing economy, dropping GDP.Why is it that whenever oil prices have risen by 60% or more?
increased in oil prices doesn't cause recession, it does caused inflation, where the value of dollar depreciated and that's why prices went up.
recession occurred when the price of everything dropped, and businesses laid of workers to keep their profit, that increased the unemployment rate.
we are in the recession not because the oil is decreasing dramatically, but the prices for everything is decreasing, or it's about to decrease (well..lowered the oil price did contribute to that.) that mean the company aren't going to make as much as it use to, therefore, they have to laid off workers.
They are solutions to resolve this recession we are about to have. we can lower the min wages (like that's going to happen! ) or we can increase our expenditure to bring the price up again.
Because everything is related to the price of fuels from heating your home to going out to eat. The cost of transporting goods goes up and every industry feels the crunch and they pass those costs on to the consumers who are already burdened by the high cost at the pumps.
Because it's a reflection of the failure of the capitalist system, oil and capitalism are intertwined.
Isn't now a good time for the price of gas to double? The Oil CEOs probably lose a lot of $ in the stock crash?
Shouldn't we maybe voluntarily offer to pay more so they don't go broke like the banks? Maybe if the banks were charging us more for interest they wouldn't be in this poor situation? Its so sad that the bankers and CEOs may soon be out of work. What can we do to help them? Don't forget, its what Americans do: We help people when they are down.
What are you doing to help?Isn't now a good time for the price of gas to double? The Oil CEOs probably lose a lot of $ in the stock crash?
It is not a very good time to help the CEO's. They already have their golden parachutes and we don't..Isn't now a good time for the price of gas to double? The Oil CEOs probably lose a lot of $ in the stock crash?
Iraq, Iran , Saudi Arabia ( the oil cartel ) set the price of oil.
What are you doing to help?Isn't now a good time for the price of gas to double? The Oil CEOs probably lose a lot of $ in the stock crash?
It is not a very good time to help the CEO's. They already have their golden parachutes and we don't..Isn't now a good time for the price of gas to double? The Oil CEOs probably lose a lot of $ in the stock crash?
Iraq, Iran , Saudi Arabia ( the oil cartel ) set the price of oil.
How do analysts work out profit forecasts for oil companies and how do they work out price targets?
Same as for any company. Projecting sales, costs, growth rates, investment in themselves, etc. Factor in the general economy, the general outlook for the industry and what they are told by the company. Most companies do provide guidance. The company and the analysts fudge to the downside so they can report better than expected results.How do analysts work out profit forecasts for oil companies and how do they work out price targets?
They use theoretical pricingfor oil.
They use theoretical pricingfor oil.
Why does oil increase in price based on fake assumptions?
Please state these ';fake'; assumptions so we know what you are talking about.
Speculators.Why does oil increase in price based on fake assumptions?
because its all a bunch of crap and there ain't nothing we seem to be doing about it.
Speculators.Why does oil increase in price based on fake assumptions?
because its all a bunch of crap and there ain't nothing we seem to be doing about it.
If the price of oil has dropped, why are gas prices sky rocketing?
The answer lies in the question. Oil prices may have dropped (not sure if they did or not, they were up to about $63/barrel at the end of March rising about 10 dollars since January) but Gasoline is only one by-product of oil. Hence they are both separate industries, of course purchasing oil is an expense for the refining process, but supply and demand still hold out in this market economy.
Demand remains high for gasoline, regardless of crude oil prices, the other costs associated with oil refining have not changed, therefore there was no shift in the production possibilities curve (PPC). In our market economy, essentially this causes no change in the supply curve.
On top of that, being that it is nearing summertime, more people are traveling, therefore, increased demand (a rightward shift) overpowers the unchanged supply curve, and increases the price of gas in the process (changing market equilibrium to a higher price point).If the price of oil has dropped, why are gas prices sky rocketing?
Because there is little competition in the gasoline business. Five majors control almost all the gasoline consumption in the US. It costs about a billion dollars to build a new refinery and none have been built for about twenty years.
The reason for the above high cost of a new refinery is environmental specs are very rigid.
Think about it, if you owned a refinery and was making billions of dollars a year, would you build a new refinery and drive down gas prices and your profits?
We desperately need to encourage the US government to help develop alternate fuels such as coal to liquids. South Africa did it many years ago when they world refused to sell them crude oil. The technology exists so lets get on with it.If the price of oil has dropped, why are gas prices sky rocketing?
Because it can....Until we say that we've had enough of these lies and we're not going to buy fossil fuel burning automobiles
anymore...it will continue to what the Republican want. I'm 45 years old and I remember that we had an embargo on foreign oil back in the 70's. We were on vacation in Texas...yep Texas and my dad was not able to fill up the tank, he was only allowed 5 gallons at a time. There were no 24 hour mega gas station at every corner back then. Our presidents family fortune comes from oil and yes Saudi Arabia is their best interest right now.There was a e-mail posted where I work, DONT BUY ANY GASOLINE ON MAY 15th, pass it around.. We should also boycott foreign owned oil companies like Citco. We did what they told us to do,economize, buy fuel efficient cars, make less trips and what did that get us....Higher priced everything!!!!
When I was 17 back in 1977 gas was 97 cents a gallon, not one new refinery has been built since the last one opened in 1958. Wow if that don't make you think the government is in on it........I'd buy an electric car oh wait we tried that when the Tucker was in the news. The love of money is still the root of all evil....
I would said its greed!! They claim new refinery is needed but not willing to paid for it (for now). If and when they do the cost of building it will pass onto you and I. The environment is another issues they claim, if that is so, why don't they just up grade the refinery. some feel the price of gas will be at $4 a gallon. Not matter what they said, I still believe its greed!
P.S. The Europeans Germany %26amp; British are paying a heck alot more for a gallon of gas compare what we are paying in the states.
Believe it or not, oil prices could drop to about $10/gallon and gas prices would still be high. It's a matter of refining capacity... Theoretically, the oil could be free and gas could still be very expensive if refining capacity was low.
Also, ';boutique'; blends drive the price waaaay up. Washington DC may require one specific blend of gasoline, while neighboring Virginia cities and Maryland require their own blends. (There are hundreds of blends required throughout the country to target certain emissions.)
The key to all of this is government regulations. Building a refinery nowadays is almost impossible because no one wants them in their own back yards, and environmental controls are such that companies can almost not comply with them. Until we loosen environmental regs, look for gasoline prices to remain high.
The other option is to lower consumption, which lowers demand. When demand goes down, price goes down. But Americans don't seem to be interested in getting rid of our big gas guzzling cars
The economics of oil market is quite complicated, as well as relationship between the price of crude oil and gas.
BUT I'm sure you'll get a lot of answers from the ';experts'; here blaming the government and the President personally. You'll see.
bc its summer time and peple are travleing i think...but thats just my opinion. plus, they know people will pay for it. by the end of the summer gas is saposed to be around 4 bucks a gallon i heard
Demand remains high for gasoline, regardless of crude oil prices, the other costs associated with oil refining have not changed, therefore there was no shift in the production possibilities curve (PPC). In our market economy, essentially this causes no change in the supply curve.
On top of that, being that it is nearing summertime, more people are traveling, therefore, increased demand (a rightward shift) overpowers the unchanged supply curve, and increases the price of gas in the process (changing market equilibrium to a higher price point).If the price of oil has dropped, why are gas prices sky rocketing?
Because there is little competition in the gasoline business. Five majors control almost all the gasoline consumption in the US. It costs about a billion dollars to build a new refinery and none have been built for about twenty years.
The reason for the above high cost of a new refinery is environmental specs are very rigid.
Think about it, if you owned a refinery and was making billions of dollars a year, would you build a new refinery and drive down gas prices and your profits?
We desperately need to encourage the US government to help develop alternate fuels such as coal to liquids. South Africa did it many years ago when they world refused to sell them crude oil. The technology exists so lets get on with it.If the price of oil has dropped, why are gas prices sky rocketing?
Because it can....Until we say that we've had enough of these lies and we're not going to buy fossil fuel burning automobiles
anymore...it will continue to what the Republican want. I'm 45 years old and I remember that we had an embargo on foreign oil back in the 70's. We were on vacation in Texas...yep Texas and my dad was not able to fill up the tank, he was only allowed 5 gallons at a time. There were no 24 hour mega gas station at every corner back then. Our presidents family fortune comes from oil and yes Saudi Arabia is their best interest right now.There was a e-mail posted where I work, DONT BUY ANY GASOLINE ON MAY 15th, pass it around.. We should also boycott foreign owned oil companies like Citco. We did what they told us to do,economize, buy fuel efficient cars, make less trips and what did that get us....Higher priced everything!!!!
When I was 17 back in 1977 gas was 97 cents a gallon, not one new refinery has been built since the last one opened in 1958. Wow if that don't make you think the government is in on it........I'd buy an electric car oh wait we tried that when the Tucker was in the news. The love of money is still the root of all evil....
I would said its greed!! They claim new refinery is needed but not willing to paid for it (for now). If and when they do the cost of building it will pass onto you and I. The environment is another issues they claim, if that is so, why don't they just up grade the refinery. some feel the price of gas will be at $4 a gallon. Not matter what they said, I still believe its greed!
P.S. The Europeans Germany %26amp; British are paying a heck alot more for a gallon of gas compare what we are paying in the states.
Believe it or not, oil prices could drop to about $10/gallon and gas prices would still be high. It's a matter of refining capacity... Theoretically, the oil could be free and gas could still be very expensive if refining capacity was low.
Also, ';boutique'; blends drive the price waaaay up. Washington DC may require one specific blend of gasoline, while neighboring Virginia cities and Maryland require their own blends. (There are hundreds of blends required throughout the country to target certain emissions.)
The key to all of this is government regulations. Building a refinery nowadays is almost impossible because no one wants them in their own back yards, and environmental controls are such that companies can almost not comply with them. Until we loosen environmental regs, look for gasoline prices to remain high.
The other option is to lower consumption, which lowers demand. When demand goes down, price goes down. But Americans don't seem to be interested in getting rid of our big gas guzzling cars
The economics of oil market is quite complicated, as well as relationship between the price of crude oil and gas.
BUT I'm sure you'll get a lot of answers from the ';experts'; here blaming the government and the President personally. You'll see.
bc its summer time and peple are travleing i think...but thats just my opinion. plus, they know people will pay for it. by the end of the summer gas is saposed to be around 4 bucks a gallon i heard
What will Obama do to lower the price of oil??
MANY people here have said it is Bush's fault (HIS war) that gas prices are so high.
So, what will BHO do to lower gas prices??
Withdraw from Iraq? Will that lower prices??
Thanks!
As Always!What will Obama do to lower the price of oil??
Paying off deficits instead of prolonging the war as a tax dollar funnel, so the the value of the dollar returns, would be a great start.
Immediately after Bush leaves office, and the world starts wondering if things are really going to change, some value should return to the dollar.
The reason why crude oil prices are so high, is because speculators view Bush actions as a threat to supply. Example: his threats to Iran, his no dipomacy foriegn policy etc, all translate to wallstreet as potential threat to supply. So they buy large to take adavantage of a profitable situation.
They also buy commodities to prevent loss of investment power from falling dollar.What will Obama do to lower the price of oil??
Not much in the short run, but plenty in the long run. Ending the conflict in Iraq so that more of Iraqi oil reaches the market will help some. Ending the war spending and cutting the deficit will shore up the dollar and that will help some. Increasing R%26amp;D and investment in alternative and renewable energy will help some.
Wagging a wind-fall profit tax in front of the oil companies unless they invest in more infrastructure and refineries will help some.
Come to think of it, if Obama wins, you can bet the price of oil will drop. McCain would do none of those things.
I doubt that Obama will let his Vice President meet in secret with the heads of big oil to make energy policy. Cheney not only did that but took it to the Supreme Court to keep who attended and what was discussed a secret. This happened BEFORE the Iraq War.
Obama has made it clear he will:
1. Require the oil companies to invest some of their profits into researching alternative energy sources.
2. Work with the auto makers to raise the mileage standards and efficiency of new vehicles.
This is from Obama's blue print for change. Essentially his plan is to Pump a lot of money into research and development of more efficient and cleaner fuels and make into laws that cars have to be more efficient. of course according to him we are on a 18-30 year plan. And we all know how efficient and innovative the government can be. Other than that he really mentions nothing. Will you be happy with paying more taxes for solutions like this?
Set America on Path to Oil Independence
Obama's plan will reduce oil consumption by at least 35 percent, or 10 million barrels per day, by 2030. This will more than offset the equivalent of the oil we would import from OPEC nations in 2030.
* Increase Fuel Economy Standards: Obama will double fuel economy standards within 18 years. His plan will provide retooling tax credits and loan guarantees for domestic auto plants and parts manufacturers, so that they can build new fuel-efficient cars rather than overseas companies. Obama will also invest in advanced vehicle technology such as advanced lightweight materials and new engines.
Put controls on the speculators who are buying the oil futures and driving the price sky high. Other commodity brokers have regulations, except the oil speculators. Obama wants to put a price cap on fuel. Jimmy Carter did that in the 70s and it didn't work. The oil companies, are not obligated to sell gas, they did it in the past.
The price of oil, thus gasoline, is mostly out of the presidents hands.
The president could use his influence to reduce the massive tax on the oil industry and perhaps encourage them to build a few more refineries.
The president could encourage the building of more nuclear power plants.
The world use oil today is about 85,000,000 bbl/day. The world demand is about 87,000,000 bbl/day.The max oil production capacity is said to be about 100,000,000 bbl/day; however this number is challenged by some who say it is lower. Most of the easy oil is gone, thus the cost will continue to rise. America absolutely must develop alternate sources of energy available in this country. i.e. natural gas, clean coal, wind and solar power.
Natural gas should be first to be developed as a fuel for vehicles. Nuclear and coal for electricity and solar for home use.
When the world oil reserve is reduced to about half of its historical reserve volume, the price is going to really climb.
I am much too old to really worry about it, my children and grandchildren are going to face the greater burden of it. I am older today than McCain will be when he finishes his first term as president. I would vote for him even if he had Alzheimer's. He could still do a better job than Obama.
I don't believe a liberal president has the intestinal fortitude to do much, We need a long train of McCains to really get the job done.
Gas prices are so high because of the constraints and road blocks the House and Senate have placed on the oil industry here in America about drilling on our territory and building new refineries. We have plenty of oil sitting off off our coasts and in ANWAR, that we cannot touch because of legislation from Washington DC.
The oil in Iraq is reaching the market but, it is going to China and India, the U.S. gets none of it.
Alternate energy sources will not happen over night and we need dependency from foreign oil now in order to develop those alternate sources.
So, if you look at it he was a part of the problem in the first place what is he going to do that is any different?
Invade Iran and Saudi Arabia and nationalize their oil fields. Withdrawing from Iraq will probably cause the price of crude to rise because the commodities market will see it as a world crisis in waiting. Look for a major increase if Obama is elected. He will upset the delicate balance in the world and that causes panic and oil prices to rise. He has very little power to lower it only to make it go up.
LOL.
OBAMA doesn't care about the price of oil. He's into the carbon emission global warming baloney. It's going to be a tax if you use too much oil. To encourage us to reduce our oil consumption he will make sure oil and gas prices are HIGHER.
WHEN THE DEMS TOOK CONGRESS,THEY SAID THEY HAD PLANS TO LOWER GAS PRICES. WHY ARE THEY KEEPING THEIR IDEAS TO THEMSELVES? PLEASE SHARE IT WITH THE REST OF THE CLASS!!! OBAMA ISN'T ANY DIFFERENT. AND THE REPUBLICANS HAVE ALSO FAILED US. WE NEED TO GO IN A DIFFERENT DIRECTION. I KIND OF LIKE THE LIBERTARIAN PLATFORM AND BOB BARR. TAKE AS MUCH POWER AWAY FROM THE FEDERAL GOV'T AS POSSIBLE. AND CUT ALL THEIR EXTRAVAGENT SPENDING!!!
Prices for everything would go up not down with Hussein Obama. He will cause oil companies to pay higher taxes and in turn they will charge us higher prices. Because of that every thing will be higher. He wants change, but the type of change is toward more government control of every part of our lives. He is a socialist pure and simple, he will tear this country apart trying to socialize us.
Nothing.
But you WILL have universal health care, whether you want it or not. But don't worry, 'they' won't be paying for it, I and others like me will. The greed of the left never ceases to amaze me. ';Please! Come! Take what you like. I don't need it. I never did. I have no idea why I ever earned it in the first place. It does me no good, especially with the government here to take care of me and my family.';
Iraq withdrawal = $12 billion per month - increased promised vet benefits and other necessities.
Call it 10. Even I could crank up a cellulosic ethenol program and energy independence (in general) program for THAT much, and it might not ever require that which could go toward reducing the Dumbya Fed debt.
The president of the United States has nothing to do with globally traded commodities even though demand has lowered in the United States the price is still going up due to speculative investing. the price has gone up respectively all over the world bush nor Obama nor McCain can do anything about it
Lower it, his plan is to raise it, so that the taxes earned can be spent on getting some people free health care. Only some people, he don't feel that everyone deserves free health care.
He will do nothing at all. The Dems are all talk on this issue. They came to power in the Congress on the promise that they would lower fuel costs. It's been over two years now, and I'm still waiting.
A president's decisions can have an affect on the cost of oil indirectly. For instance, Bush and Congress decision to go into war shook up the market, making speculators shite their pants.
Obama is the most clueless kneegrow I have ever seen. Snoop Dog has more brains than this idiot.
More government. What else? More government is the solution to all our problems, isn;t it?
Obama could heat his home with some of the hot air from his mouth.
';Hope'; they get lower.
Yup. Less war, more drilling.
Throw Bush and his neocons in prison.
He'll drive a Prius in his motorcade.
Wave his magic ';change'; wand and solve all the worlds problems.
pull out of iraq and drill in n dakota
he'll talk to ahmedinejad and beg for some free oil.
Nothing at all. Get a clue, don't vote for Socialism!
invade the Saudi peninsula and make them all our bitches!
Barack Obama's Plan
Reduce Carbon Emissions 80 Percent by 2050
Cap and Trade: Obama supports implementation of a market-based cap-and-trade system to reduce carbon emissions by the amount scientists say is necessary: 80 percent below 1990 levels by 2050. Obama's cap-and-trade system will require all pollution credits to be auctioned. A 100 percent auction ensures that all polluters pay for every ton of emissions they release, rather than giving these emission rights away to coal and oil companies. Some of the revenue generated by auctioning allowances will be used to support the development of clean energy, to invest in energy efficiency improvements, and to address transition costs, including helping American workers affected by this economic transition.
Confront Deforestation and Promote Carbon Sequestration: Obama will develop domestic incentives that reward forest owners, farmers, and ranchers when they plant trees, restore grasslands, or undertake farming practices that capture carbon dioxide from the atmosphere.
Invest in a Clean Energy Future
Invest $150 Billion over 10 Years in Clean Energy: Obama will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial-scale renewable energy, invest in low-emissions coal plants, and begin the transition to a new digital electricity grid. A principal focus of this fund will be devoted to ensuring that technologies that are developed in the U.S. are rapidly commercialized in the U.S. and deployed around the globe.
Double Energy Research and Development Funding: Obama will double science and research funding for clean energy projects including those that make use of our biomass, solar and wind resources.
Invest in a Skilled Clean Technologies Workforce: Obama will use proceeds from the cap-and-trade auction program to invest in job training and transition programs to help workers and industries adapt to clean technology development and production. Obama will also create an energy-focused Green Jobs Corps to connect disconnected and disadvantaged youth with job skills for a high-growth industry.
Convert our Manufacturing Centers into Clean Technology Leaders: Obama will establish a federal investment program to help manufacturing centers modernize and Americans learn the new skills they need to produce green products.
Clean Technologies Deployment Venture Capital Fund: Obama will create a Clean Technologies Venture Capital Fund to fill a critical gap in U.S. technology development. Obama will invest $10 billion per year into this fund for five years. The fund will partner with existing investment funds and our National Laboratories to ensure that promising technologies move beyond the lab and are commercialized in the U.S
Require 25 Percent of Renewable Electricity by 2025: Obama will establish a 25 percent federal Renewable Portfolio Standard (RPS) to require that 25 percent of electricity consumed in the U.S. is derived from clean, sustainable energy sources, like solar, wind and geothermal by 2025.
Develop and Deploy Clean Coal Technology: Obama will significantly increase the resources devoted to the commercialization and deployment of low-carbon coal technologies. Obama will consider whatever policy tools are necessary, including standards that ban new traditional coal facilities, to ensure that we move quickly to commercialize and deploy low carbon coal technology.
Support Next Generation Biofuels
Deploy Cellulosic Ethanol: Obama will invest federal resources, including tax incentives, cash prizes and government contracts into developing the most promising technologies with the goal of getting the first two billion gallons of cellulosic ethanol into the system by 2013.
Expand Locally-Owned Biofuel Refineries: Less than 10 percent of new ethanol production today is from farmer-owned refineries. New ethanol refineries help jumpstart rural economies. Obama will create a number of incentives for local communities to invest in their biofuels refineries.
Establish a National Low Carbon Fuel Standard: Barack Obama will establish a National Low Carbon Fuel Standard to speed the introduction of low-carbon non-petroleum fuels. The standard requires fuels suppliers to reduce the carbon their fuel emits by ten percent by 2020.
Increase Renewable Fuel Standard: Obama will require 36 billion gallons of renewable fuels to be included in the fuel supply by 2022 and will increase that to at least 60 billion gallons of advanced biofuels like cellulosic ethanol by 2030.
Set America on Path to Oil Independence
Obama's plan will reduce oil consumption by at least 35 percent, or 10 million barrels per day, by 2030. This will more than offset the equivalent of the oil we would import from OPEC nations in 2030.
Increase Fuel Economy Standards: Obama will double fuel economy standards within 18 years. His plan will provide retooling tax credits and loan guarantees for domestic auto plants and parts manufacturers, so that they can build new fuel-efficient cars rather than overseas companies. Obama will also invest in advanced vehicle technology such as advanced lightweight materials and new engines.
Improve Energy Efficiency 50 Percent by 2030
Set National Building Efficiency Goals: Barack Obama will establish a goal of making all new buildings carbon neutral, or produce zero emissions, by 2030. He'll also establish a national goal of improving new building efficiency by 50 percent and existing building efficiency by 25 percent over the next decade to help us meet the 2030 goal.
Establish a Grant Program for Early Adopters: Obama will create a competitive grant program to award those states and localities that take the first steps to implement new building codes that prioritize energy efficiency.
Invest in a Digital Smart Grid: Obama will pursue a major investment in our utility grid to enable a tremendous increase in renewable generation and accommodate modern energy requirements, such as reliability, smart metering, and distributed storage
Restore U.S. Leadership on Climate Change
Create New Forum of Largest Greenhouse Gas Emitters: Obama will create a Global Energy Forum 鈥?that includes all G-8 members plus Brazil, China, India, Mexico and South Africa 鈥搕he largest energy consuming nations from both the developed and developing world. The forum would focus exclusively on global energy and environmental issues.
Re-Engage with the U.N. Framework Convention on Climate Change: The UNFCCC process is the main international forum dedicated to addressing the climate problem and an Obama administration will work constructively within it.
So, what will BHO do to lower gas prices??
Withdraw from Iraq? Will that lower prices??
Thanks!
As Always!What will Obama do to lower the price of oil??
Paying off deficits instead of prolonging the war as a tax dollar funnel, so the the value of the dollar returns, would be a great start.
Immediately after Bush leaves office, and the world starts wondering if things are really going to change, some value should return to the dollar.
The reason why crude oil prices are so high, is because speculators view Bush actions as a threat to supply. Example: his threats to Iran, his no dipomacy foriegn policy etc, all translate to wallstreet as potential threat to supply. So they buy large to take adavantage of a profitable situation.
They also buy commodities to prevent loss of investment power from falling dollar.What will Obama do to lower the price of oil??
Not much in the short run, but plenty in the long run. Ending the conflict in Iraq so that more of Iraqi oil reaches the market will help some. Ending the war spending and cutting the deficit will shore up the dollar and that will help some. Increasing R%26amp;D and investment in alternative and renewable energy will help some.
Wagging a wind-fall profit tax in front of the oil companies unless they invest in more infrastructure and refineries will help some.
Come to think of it, if Obama wins, you can bet the price of oil will drop. McCain would do none of those things.
I doubt that Obama will let his Vice President meet in secret with the heads of big oil to make energy policy. Cheney not only did that but took it to the Supreme Court to keep who attended and what was discussed a secret. This happened BEFORE the Iraq War.
Obama has made it clear he will:
1. Require the oil companies to invest some of their profits into researching alternative energy sources.
2. Work with the auto makers to raise the mileage standards and efficiency of new vehicles.
This is from Obama's blue print for change. Essentially his plan is to Pump a lot of money into research and development of more efficient and cleaner fuels and make into laws that cars have to be more efficient. of course according to him we are on a 18-30 year plan. And we all know how efficient and innovative the government can be. Other than that he really mentions nothing. Will you be happy with paying more taxes for solutions like this?
Set America on Path to Oil Independence
Obama's plan will reduce oil consumption by at least 35 percent, or 10 million barrels per day, by 2030. This will more than offset the equivalent of the oil we would import from OPEC nations in 2030.
* Increase Fuel Economy Standards: Obama will double fuel economy standards within 18 years. His plan will provide retooling tax credits and loan guarantees for domestic auto plants and parts manufacturers, so that they can build new fuel-efficient cars rather than overseas companies. Obama will also invest in advanced vehicle technology such as advanced lightweight materials and new engines.
Put controls on the speculators who are buying the oil futures and driving the price sky high. Other commodity brokers have regulations, except the oil speculators. Obama wants to put a price cap on fuel. Jimmy Carter did that in the 70s and it didn't work. The oil companies, are not obligated to sell gas, they did it in the past.
The price of oil, thus gasoline, is mostly out of the presidents hands.
The president could use his influence to reduce the massive tax on the oil industry and perhaps encourage them to build a few more refineries.
The president could encourage the building of more nuclear power plants.
The world use oil today is about 85,000,000 bbl/day. The world demand is about 87,000,000 bbl/day.The max oil production capacity is said to be about 100,000,000 bbl/day; however this number is challenged by some who say it is lower. Most of the easy oil is gone, thus the cost will continue to rise. America absolutely must develop alternate sources of energy available in this country. i.e. natural gas, clean coal, wind and solar power.
Natural gas should be first to be developed as a fuel for vehicles. Nuclear and coal for electricity and solar for home use.
When the world oil reserve is reduced to about half of its historical reserve volume, the price is going to really climb.
I am much too old to really worry about it, my children and grandchildren are going to face the greater burden of it. I am older today than McCain will be when he finishes his first term as president. I would vote for him even if he had Alzheimer's. He could still do a better job than Obama.
I don't believe a liberal president has the intestinal fortitude to do much, We need a long train of McCains to really get the job done.
Gas prices are so high because of the constraints and road blocks the House and Senate have placed on the oil industry here in America about drilling on our territory and building new refineries. We have plenty of oil sitting off off our coasts and in ANWAR, that we cannot touch because of legislation from Washington DC.
The oil in Iraq is reaching the market but, it is going to China and India, the U.S. gets none of it.
Alternate energy sources will not happen over night and we need dependency from foreign oil now in order to develop those alternate sources.
So, if you look at it he was a part of the problem in the first place what is he going to do that is any different?
Invade Iran and Saudi Arabia and nationalize their oil fields. Withdrawing from Iraq will probably cause the price of crude to rise because the commodities market will see it as a world crisis in waiting. Look for a major increase if Obama is elected. He will upset the delicate balance in the world and that causes panic and oil prices to rise. He has very little power to lower it only to make it go up.
LOL.
OBAMA doesn't care about the price of oil. He's into the carbon emission global warming baloney. It's going to be a tax if you use too much oil. To encourage us to reduce our oil consumption he will make sure oil and gas prices are HIGHER.
WHEN THE DEMS TOOK CONGRESS,THEY SAID THEY HAD PLANS TO LOWER GAS PRICES. WHY ARE THEY KEEPING THEIR IDEAS TO THEMSELVES? PLEASE SHARE IT WITH THE REST OF THE CLASS!!! OBAMA ISN'T ANY DIFFERENT. AND THE REPUBLICANS HAVE ALSO FAILED US. WE NEED TO GO IN A DIFFERENT DIRECTION. I KIND OF LIKE THE LIBERTARIAN PLATFORM AND BOB BARR. TAKE AS MUCH POWER AWAY FROM THE FEDERAL GOV'T AS POSSIBLE. AND CUT ALL THEIR EXTRAVAGENT SPENDING!!!
Prices for everything would go up not down with Hussein Obama. He will cause oil companies to pay higher taxes and in turn they will charge us higher prices. Because of that every thing will be higher. He wants change, but the type of change is toward more government control of every part of our lives. He is a socialist pure and simple, he will tear this country apart trying to socialize us.
Nothing.
But you WILL have universal health care, whether you want it or not. But don't worry, 'they' won't be paying for it, I and others like me will. The greed of the left never ceases to amaze me. ';Please! Come! Take what you like. I don't need it. I never did. I have no idea why I ever earned it in the first place. It does me no good, especially with the government here to take care of me and my family.';
Iraq withdrawal = $12 billion per month - increased promised vet benefits and other necessities.
Call it 10. Even I could crank up a cellulosic ethenol program and energy independence (in general) program for THAT much, and it might not ever require that which could go toward reducing the Dumbya Fed debt.
The president of the United States has nothing to do with globally traded commodities even though demand has lowered in the United States the price is still going up due to speculative investing. the price has gone up respectively all over the world bush nor Obama nor McCain can do anything about it
Lower it, his plan is to raise it, so that the taxes earned can be spent on getting some people free health care. Only some people, he don't feel that everyone deserves free health care.
He will do nothing at all. The Dems are all talk on this issue. They came to power in the Congress on the promise that they would lower fuel costs. It's been over two years now, and I'm still waiting.
A president's decisions can have an affect on the cost of oil indirectly. For instance, Bush and Congress decision to go into war shook up the market, making speculators shite their pants.
Obama is the most clueless kneegrow I have ever seen. Snoop Dog has more brains than this idiot.
More government. What else? More government is the solution to all our problems, isn;t it?
Obama could heat his home with some of the hot air from his mouth.
';Hope'; they get lower.
Yup. Less war, more drilling.
Throw Bush and his neocons in prison.
He'll drive a Prius in his motorcade.
Wave his magic ';change'; wand and solve all the worlds problems.
pull out of iraq and drill in n dakota
he'll talk to ahmedinejad and beg for some free oil.
Nothing at all. Get a clue, don't vote for Socialism!
invade the Saudi peninsula and make them all our bitches!
Barack Obama's Plan
Reduce Carbon Emissions 80 Percent by 2050
Cap and Trade: Obama supports implementation of a market-based cap-and-trade system to reduce carbon emissions by the amount scientists say is necessary: 80 percent below 1990 levels by 2050. Obama's cap-and-trade system will require all pollution credits to be auctioned. A 100 percent auction ensures that all polluters pay for every ton of emissions they release, rather than giving these emission rights away to coal and oil companies. Some of the revenue generated by auctioning allowances will be used to support the development of clean energy, to invest in energy efficiency improvements, and to address transition costs, including helping American workers affected by this economic transition.
Confront Deforestation and Promote Carbon Sequestration: Obama will develop domestic incentives that reward forest owners, farmers, and ranchers when they plant trees, restore grasslands, or undertake farming practices that capture carbon dioxide from the atmosphere.
Invest in a Clean Energy Future
Invest $150 Billion over 10 Years in Clean Energy: Obama will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial-scale renewable energy, invest in low-emissions coal plants, and begin the transition to a new digital electricity grid. A principal focus of this fund will be devoted to ensuring that technologies that are developed in the U.S. are rapidly commercialized in the U.S. and deployed around the globe.
Double Energy Research and Development Funding: Obama will double science and research funding for clean energy projects including those that make use of our biomass, solar and wind resources.
Invest in a Skilled Clean Technologies Workforce: Obama will use proceeds from the cap-and-trade auction program to invest in job training and transition programs to help workers and industries adapt to clean technology development and production. Obama will also create an energy-focused Green Jobs Corps to connect disconnected and disadvantaged youth with job skills for a high-growth industry.
Convert our Manufacturing Centers into Clean Technology Leaders: Obama will establish a federal investment program to help manufacturing centers modernize and Americans learn the new skills they need to produce green products.
Clean Technologies Deployment Venture Capital Fund: Obama will create a Clean Technologies Venture Capital Fund to fill a critical gap in U.S. technology development. Obama will invest $10 billion per year into this fund for five years. The fund will partner with existing investment funds and our National Laboratories to ensure that promising technologies move beyond the lab and are commercialized in the U.S
Require 25 Percent of Renewable Electricity by 2025: Obama will establish a 25 percent federal Renewable Portfolio Standard (RPS) to require that 25 percent of electricity consumed in the U.S. is derived from clean, sustainable energy sources, like solar, wind and geothermal by 2025.
Develop and Deploy Clean Coal Technology: Obama will significantly increase the resources devoted to the commercialization and deployment of low-carbon coal technologies. Obama will consider whatever policy tools are necessary, including standards that ban new traditional coal facilities, to ensure that we move quickly to commercialize and deploy low carbon coal technology.
Support Next Generation Biofuels
Deploy Cellulosic Ethanol: Obama will invest federal resources, including tax incentives, cash prizes and government contracts into developing the most promising technologies with the goal of getting the first two billion gallons of cellulosic ethanol into the system by 2013.
Expand Locally-Owned Biofuel Refineries: Less than 10 percent of new ethanol production today is from farmer-owned refineries. New ethanol refineries help jumpstart rural economies. Obama will create a number of incentives for local communities to invest in their biofuels refineries.
Establish a National Low Carbon Fuel Standard: Barack Obama will establish a National Low Carbon Fuel Standard to speed the introduction of low-carbon non-petroleum fuels. The standard requires fuels suppliers to reduce the carbon their fuel emits by ten percent by 2020.
Increase Renewable Fuel Standard: Obama will require 36 billion gallons of renewable fuels to be included in the fuel supply by 2022 and will increase that to at least 60 billion gallons of advanced biofuels like cellulosic ethanol by 2030.
Set America on Path to Oil Independence
Obama's plan will reduce oil consumption by at least 35 percent, or 10 million barrels per day, by 2030. This will more than offset the equivalent of the oil we would import from OPEC nations in 2030.
Increase Fuel Economy Standards: Obama will double fuel economy standards within 18 years. His plan will provide retooling tax credits and loan guarantees for domestic auto plants and parts manufacturers, so that they can build new fuel-efficient cars rather than overseas companies. Obama will also invest in advanced vehicle technology such as advanced lightweight materials and new engines.
Improve Energy Efficiency 50 Percent by 2030
Set National Building Efficiency Goals: Barack Obama will establish a goal of making all new buildings carbon neutral, or produce zero emissions, by 2030. He'll also establish a national goal of improving new building efficiency by 50 percent and existing building efficiency by 25 percent over the next decade to help us meet the 2030 goal.
Establish a Grant Program for Early Adopters: Obama will create a competitive grant program to award those states and localities that take the first steps to implement new building codes that prioritize energy efficiency.
Invest in a Digital Smart Grid: Obama will pursue a major investment in our utility grid to enable a tremendous increase in renewable generation and accommodate modern energy requirements, such as reliability, smart metering, and distributed storage
Restore U.S. Leadership on Climate Change
Create New Forum of Largest Greenhouse Gas Emitters: Obama will create a Global Energy Forum 鈥?that includes all G-8 members plus Brazil, China, India, Mexico and South Africa 鈥搕he largest energy consuming nations from both the developed and developing world. The forum would focus exclusively on global energy and environmental issues.
Re-Engage with the U.N. Framework Convention on Climate Change: The UNFCCC process is the main international forum dedicated to addressing the climate problem and an Obama administration will work constructively within it.
In terms of Supply and Demand, why are oil prices still rising?
We all know crude oil is going to run out sooner or later. But, I know many places such as Alberta in Fort McMurray, there's many oil rigs there and yet they still jack up the oil prices. What the reason behind it even though there is tons of oil?In terms of Supply and Demand, why are oil prices still rising?
The U.S. Senate Commerce Committee held a hearing on this very issue on June 3 2008, last Tuesday. The hearing was titled Energy Market Manipulation and Federal Enforcement Regimes. For a real eye opener, take a look at the testimony from that hearing:
http://commerce.senate.gov/public/index.鈥?/a>
In particular look at the testimony of Michael Greenberger, who served as the Director of the Division of Trading and Markets at the Commodity Futures Trading Commission from September 1997 to September 1999:
http://commerce.senate.gov/public/_files鈥?/a>
After reading this stuff, you will understand what exactly is going on with oil. You are paying at least $1 more for a gallon of gas than you would pay under non-manipulated supply and demand.
Any explanations that blame factors such as increased demand from China and India, dwindling supply, or ';peak oil';, are simply irrelevant. Nobody knows what the actual driving forces are, nor their actual effect, so long as large scale speculators such as hedge funds and Morgan Stanley (the latter is actually buying and stockpiling oil as a hedge against the falling dollar) continue to manipulate the price in unregulated markets.
Don't take my word for it -- read the testimony above. You'll gain a good clear understanding of what exactly has been going on.In terms of Supply and Demand, why are oil prices still rising?
Refining oil in to a product that can be used in the production of gasoline, plastics, and other products, is much more complicated than just taking the oil out of the ground. It is very expensive and slow to build up the machinery and labor force necessary to do this, not to mention the fact that many governments are involved in activities that restrict the import and exportation of oil. All of these factors make it difficult for supply to keep pace with rapidly increasing global demand (which is mostly driven by developing third world countries), and as long as demand is increasing quicker than supply, the price will rise.
Even though the demand for oil has fallen a little in most industrialized countries due to the high prices, the growth of the economies in Asia, especially China, means the would demand is still rising. In many oil producing countries (Russia, Mexico) the output is declining, and in only a few (Canada) is it increasing.
http://www.infoplease.com/ipa/A0922041.h鈥?/a>
The U.S. Senate Commerce Committee held a hearing on this very issue on June 3 2008, last Tuesday. The hearing was titled Energy Market Manipulation and Federal Enforcement Regimes. For a real eye opener, take a look at the testimony from that hearing:
http://commerce.senate.gov/public/index.鈥?/a>
In particular look at the testimony of Michael Greenberger, who served as the Director of the Division of Trading and Markets at the Commodity Futures Trading Commission from September 1997 to September 1999:
http://commerce.senate.gov/public/_files鈥?/a>
After reading this stuff, you will understand what exactly is going on with oil. You are paying at least $1 more for a gallon of gas than you would pay under non-manipulated supply and demand.
Any explanations that blame factors such as increased demand from China and India, dwindling supply, or ';peak oil';, are simply irrelevant. Nobody knows what the actual driving forces are, nor their actual effect, so long as large scale speculators such as hedge funds and Morgan Stanley (the latter is actually buying and stockpiling oil as a hedge against the falling dollar) continue to manipulate the price in unregulated markets.
Don't take my word for it -- read the testimony above. You'll gain a good clear understanding of what exactly has been going on.In terms of Supply and Demand, why are oil prices still rising?
Refining oil in to a product that can be used in the production of gasoline, plastics, and other products, is much more complicated than just taking the oil out of the ground. It is very expensive and slow to build up the machinery and labor force necessary to do this, not to mention the fact that many governments are involved in activities that restrict the import and exportation of oil. All of these factors make it difficult for supply to keep pace with rapidly increasing global demand (which is mostly driven by developing third world countries), and as long as demand is increasing quicker than supply, the price will rise.
Even though the demand for oil has fallen a little in most industrialized countries due to the high prices, the growth of the economies in Asia, especially China, means the would demand is still rising. In many oil producing countries (Russia, Mexico) the output is declining, and in only a few (Canada) is it increasing.
http://www.infoplease.com/ipa/A0922041.h鈥?/a>
Hey guys, i was just wondering.. what will the oil price be by the end of this year?
That really depends on where the oil execs plan to vacation in april.Hey guys, i was just wondering.. what will the oil price be by the end of this year?
Probally something that we can't affordHey guys, i was just wondering.. what will the oil price be by the end of this year?
I will guess $75 cuz it is an election year and I don't think it will go too much higher but if it does then I think it will come back down at the end of the year to where it is now at $75. Am I right? Time will tell.
74.00 a barrel.
Don't know about the actual price of a barrel of the stuff---but a good friend of mine who knows this stuff fairly well is saying that we (here in Texas we're paying about 2.89 usd per gallon right now) will be paying around $3.50 usd per gallon by the end of the year--and that price will be stable for at least three months
It will be behind your nose man... sorry to say that
but im looking at $90+ p.b
Probally something that we can't affordHey guys, i was just wondering.. what will the oil price be by the end of this year?
I will guess $75 cuz it is an election year and I don't think it will go too much higher but if it does then I think it will come back down at the end of the year to where it is now at $75. Am I right? Time will tell.
74.00 a barrel.
Don't know about the actual price of a barrel of the stuff---but a good friend of mine who knows this stuff fairly well is saying that we (here in Texas we're paying about 2.89 usd per gallon right now) will be paying around $3.50 usd per gallon by the end of the year--and that price will be stable for at least three months
It will be behind your nose man... sorry to say that
but im looking at $90+ p.b
Engine Oil prices - where are the cheapest deals?
I usually just buy engine oil from the petrol station shop. I am not sure if this gives the best value. I buy it for occasional top-up not total refill (I would get the garage to do that)Engine Oil prices - where are the cheapest deals?
Buy from WalMart or Target. These carry the cheapist. The house brand are good enough. Walmart Super Tec are API sevice SM rated which is good for all cars today.Engine Oil prices - where are the cheapest deals?
buying it from a auto parts and a shoping store would be better and do it your self should save a buck or so
Buy from WalMart or Target. These carry the cheapist. The house brand are good enough. Walmart Super Tec are API sevice SM rated which is good for all cars today.Engine Oil prices - where are the cheapest deals?
buying it from a auto parts and a shoping store would be better and do it your self should save a buck or so
Is current Oil Price a bubble? When wiil this bubble burst?
This is not a bubble, it is reality. Bubbles are typified by prices rising far beyond the real value of the product. The question is, just how much is the consumer willing to pay to drive his 5000 lb SUV 15 miles in 15 minutes while riding in air conditioned comfort? Is that result more desireable than walking or riding a bicycle that same distance (2-5 hours at $XX/hr, whatever value you put on your time)? If so, then the price of gasoline and crude oil is still cheap when compared to the benefit enjoyed by the consumer.Is current Oil Price a bubble? When wiil this bubble burst?
I'm starting to notice some speculation of that, yes. The price keeps rising, but demand isn't rising /that/ fast, and supply is pretty high.
Even if the price 'crashes,' though, it's not likely to fall much below 80 - there's a lot of wells that become unprofitable below that price, so that would represent a very elastic point in the supply curve. That is, if the price hit 75, so much supply would dry up that demand wouldn't be met, and the price would have to rise.Is current Oil Price a bubble? When wiil this bubble burst?
No they are not a bubble, they are here because they are long over due I'm afraid. And they are not going down any time soon.
it might burst when our economy tanks.
and that might not be to far off.
NO
Did the Cigarette price ever go back to a dime a pack
I'm starting to notice some speculation of that, yes. The price keeps rising, but demand isn't rising /that/ fast, and supply is pretty high.
Even if the price 'crashes,' though, it's not likely to fall much below 80 - there's a lot of wells that become unprofitable below that price, so that would represent a very elastic point in the supply curve. That is, if the price hit 75, so much supply would dry up that demand wouldn't be met, and the price would have to rise.Is current Oil Price a bubble? When wiil this bubble burst?
No they are not a bubble, they are here because they are long over due I'm afraid. And they are not going down any time soon.
it might burst when our economy tanks.
and that might not be to far off.
NO
Did the Cigarette price ever go back to a dime a pack
Implication of oil price hike to education?
Higher costs = lower profits = lower tax revenues = less ';free'; money
Higher costs = lower profits = lower business revenues = less donated money
Higher costs = lower profits = lower business revenues = less donated money
If gas prices are dictated by crude oil barrel prices, why doesn't motor oil price fluctuate as well?
The answer is in three parts.
1. What's in the lube can is more than oil.
Today's lubricants are significantly synthetic, even the ones made from 100% Pennsylvania oil. Detergents, antioxidants, viscosity modifiers and other chemicals make up 5% to 50% or more of the can and are much more expensive than any oil bases still in there.
2. Price changes less when inventory is large.
The inventory life of lubricating oils may be several months to a year, while fuels are consumed in a fraction of that time.
3. Speculation and trading by the 'haves' sets oil prices.
Fuel prices are greatly influenced by commodity trading. The 'haves' just don't deal in lubricating oil futures, so normal market forces set lubricant values. In contrast, the rich and powerful and their nervous traders can change oil prices in hours.If gas prices are dictated by crude oil barrel prices, why doesn't motor oil price fluctuate as well?
Gasoline is a much more refinery-intensive by-product of crude oil whereas motor oil requires far less refinement to be usable as a lubricant. A substantial cost factor of gasoline can be directly related to the refining capacity which, at the current time in the U.S., is virtually maxed out.
Simply put, oil is what is pulled straight from the reservoirs and requires far less processing to become motor oil; and gasoline must be produced by extensive and expensive refining processes at much larger quantities. In addition, motor oil is a recyclable commodity whereas once gasoline is burned and gone forever.
You might also consider that far less motor oil is bought and consumed than gasoline. If you were selling both of these as a commodities broker, which would you choose to maximize your profits? And if you knew there was a finite supply, wouldn't you want the maximum profits as quickly as possible? (i.e. Exxon Mobil and other Big Oil company profits have, in just in the past few fiscal quarters, have exceeded the GDP of multiple countries in the industrialized world.)
Post-Hurricane Katrina (when oil prices were around $60 or so per barrel) gas prices shot up to $3.00 per gallon. After the chaos settled down and oil barrel prices dropped back close to pre-Katrina prices, GASOLINE prices did not.
One word...Gouging.If gas prices are dictated by crude oil barrel prices, why doesn't motor oil price fluctuate as well?
Gas prices are dictated partially by OPEC, partially by Oil Companies and Oil Speculators (futures trading), and to put it in a nutshell, they're dictated by GREED!!
Because people don't use it as much as gas (supply and demand) If people stopped using gas for a week the prices would dropscars
1. What's in the lube can is more than oil.
Today's lubricants are significantly synthetic, even the ones made from 100% Pennsylvania oil. Detergents, antioxidants, viscosity modifiers and other chemicals make up 5% to 50% or more of the can and are much more expensive than any oil bases still in there.
2. Price changes less when inventory is large.
The inventory life of lubricating oils may be several months to a year, while fuels are consumed in a fraction of that time.
3. Speculation and trading by the 'haves' sets oil prices.
Fuel prices are greatly influenced by commodity trading. The 'haves' just don't deal in lubricating oil futures, so normal market forces set lubricant values. In contrast, the rich and powerful and their nervous traders can change oil prices in hours.If gas prices are dictated by crude oil barrel prices, why doesn't motor oil price fluctuate as well?
Gasoline is a much more refinery-intensive by-product of crude oil whereas motor oil requires far less refinement to be usable as a lubricant. A substantial cost factor of gasoline can be directly related to the refining capacity which, at the current time in the U.S., is virtually maxed out.
Simply put, oil is what is pulled straight from the reservoirs and requires far less processing to become motor oil; and gasoline must be produced by extensive and expensive refining processes at much larger quantities. In addition, motor oil is a recyclable commodity whereas once gasoline is burned and gone forever.
You might also consider that far less motor oil is bought and consumed than gasoline. If you were selling both of these as a commodities broker, which would you choose to maximize your profits? And if you knew there was a finite supply, wouldn't you want the maximum profits as quickly as possible? (i.e. Exxon Mobil and other Big Oil company profits have, in just in the past few fiscal quarters, have exceeded the GDP of multiple countries in the industrialized world.)
Post-Hurricane Katrina (when oil prices were around $60 or so per barrel) gas prices shot up to $3.00 per gallon. After the chaos settled down and oil barrel prices dropped back close to pre-Katrina prices, GASOLINE prices did not.
One word...Gouging.If gas prices are dictated by crude oil barrel prices, why doesn't motor oil price fluctuate as well?
Gas prices are dictated partially by OPEC, partially by Oil Companies and Oil Speculators (futures trading), and to put it in a nutshell, they're dictated by GREED!!
Because people don't use it as much as gas (supply and demand) If people stopped using gas for a week the prices would drop
What symbol can I use in yahoo finance indexes to show oil prices? I've tried wtic, $wtic and ^wtic.?
Nymex crude oil futures for yahoo use:
CLM09.NYM
that would be for June 2009
CLM09.NYM
that would be for June 2009
What factors are causing oil prices to rise so quickly? It cannot be simple supply and demand?
Firstly the dollar is still very weak, and since oil is traded in dollars the oil price is high.
A big problem at the moment is that airlines and other major fuel users are buying up the futures because they are worried that the price will go even higher.
Thirdly - demand is still outstripping supply. Ironically this is mainly due to the fact that everyone is panic buying.
All these factors are reasons for the price to rise. Until something happens which causes demand to fall (e.g. stockpiles grow) the price will keep rising.
The whole thing is a bit of a chicken and egg situation.
Prices will probably never fall back to the stable prices which were something like $30 dollars a barrel a few years back, but it is quite possible we'll see $70 to $80 again.What factors are causing oil prices to rise so quickly? It cannot be simple supply and demand?
China and India are developing apace, and their demand for oil is putting the prices up worldwide, as is the demand for Iron and Silicon, amongst other things, like grain and meat, I dont think anyone wil know where this is going, unless China suddenly finds its own oil etc, we will just have to get used to it, its not going away...What factors are causing oil prices to rise so quickly? It cannot be simple supply and demand?
I think it is now much more than just supply and demand.
It has grown into speculation, greed, corruption, and plain out of control.
Last week the government, and oil companies stated the use of oil in the United States has dropped 1 to 2 percent this year compared to last year. And with the current rises in oil going up almost each day, as opposed to once or twice a month.
We were led to beleive that if we cut back the price would stabilize, but it is not doing that.
This year may well set a record as the least travelled Memorial Day Holiday, but the prices will still go up !!!
The corporations, ceo's, and stockholders of BIG OIL have now gotten a taste of BIG MONEY, and they gotta be loving it. You really beleive they will let go of it now??
The arabs want to be paid in Gold with the weak $.The arabs
are so thick,they don't realise Gold is in $'s.You look at the price of Gold,it is also inflated highly.By the yanks saying they
are printing money with no back up.When this becomes unfounded,in time.The arabs will have sold their oil for half price,with Gold now being half.So now they are cash poor,so now what they need of the yanks will want Gold at the low price,and the goods they get are getting are twice the cost.
OPEC keep prices high by limiting the amount of oil they allow into the market. Surplus is kept in storage.
Along with that, conflict in the middle east, inflation, investment in commodities due to faltering stock markets.
Greed, speculation, weak dollar, piss poor economy, a congress that just now decided to pull their heads out of their a** to ';try'; to lower prices when something should be have done along time ago.
Sorry, the answer is, supply and demand. Well that and Saudi Arabia doesnt want to do business with the US.
greedy fat sweaty bald small minded men. who are scared they won`t make 5 BILLION pound profit ., Based on the strength that, it rained in deepest darkest diddlywink on the last day of sprig, its all silly bollocks and GREED !!!
Stock brokers trading in it and speculating on share prices..
Oil Company PROFITS...it's easy.
It's all manipulation by the banks .
its inflation..its not just oil...everythings going up in price now
and they call themselves the labour party...
the world leaders have realised that the oil is running out
Greed
A big problem at the moment is that airlines and other major fuel users are buying up the futures because they are worried that the price will go even higher.
Thirdly - demand is still outstripping supply. Ironically this is mainly due to the fact that everyone is panic buying.
All these factors are reasons for the price to rise. Until something happens which causes demand to fall (e.g. stockpiles grow) the price will keep rising.
The whole thing is a bit of a chicken and egg situation.
Prices will probably never fall back to the stable prices which were something like $30 dollars a barrel a few years back, but it is quite possible we'll see $70 to $80 again.What factors are causing oil prices to rise so quickly? It cannot be simple supply and demand?
China and India are developing apace, and their demand for oil is putting the prices up worldwide, as is the demand for Iron and Silicon, amongst other things, like grain and meat, I dont think anyone wil know where this is going, unless China suddenly finds its own oil etc, we will just have to get used to it, its not going away...What factors are causing oil prices to rise so quickly? It cannot be simple supply and demand?
I think it is now much more than just supply and demand.
It has grown into speculation, greed, corruption, and plain out of control.
Last week the government, and oil companies stated the use of oil in the United States has dropped 1 to 2 percent this year compared to last year. And with the current rises in oil going up almost each day, as opposed to once or twice a month.
We were led to beleive that if we cut back the price would stabilize, but it is not doing that.
This year may well set a record as the least travelled Memorial Day Holiday, but the prices will still go up !!!
The corporations, ceo's, and stockholders of BIG OIL have now gotten a taste of BIG MONEY, and they gotta be loving it. You really beleive they will let go of it now??
The arabs want to be paid in Gold with the weak $.The arabs
are so thick,they don't realise Gold is in $'s.You look at the price of Gold,it is also inflated highly.By the yanks saying they
are printing money with no back up.When this becomes unfounded,in time.The arabs will have sold their oil for half price,with Gold now being half.So now they are cash poor,so now what they need of the yanks will want Gold at the low price,and the goods they get are getting are twice the cost.
OPEC keep prices high by limiting the amount of oil they allow into the market. Surplus is kept in storage.
Along with that, conflict in the middle east, inflation, investment in commodities due to faltering stock markets.
Greed, speculation, weak dollar, piss poor economy, a congress that just now decided to pull their heads out of their a** to ';try'; to lower prices when something should be have done along time ago.
Sorry, the answer is, supply and demand. Well that and Saudi Arabia doesnt want to do business with the US.
greedy fat sweaty bald small minded men. who are scared they won`t make 5 BILLION pound profit ., Based on the strength that, it rained in deepest darkest diddlywink on the last day of sprig, its all silly bollocks and GREED !!!
Stock brokers trading in it and speculating on share prices..
Oil Company PROFITS...it's easy.
It's all manipulation by the banks .
its inflation..its not just oil...everythings going up in price now
and they call themselves the labour party...
the world leaders have realised that the oil is running out
Greed
Is the Price of Oil too high?
How can that be when Global Capitalism provides you with more value at lower costs.Is the Price of Oil too high?
How does an oil cartel fit a competitive capitalistic model? Do you think before you type?Is the Price of Oil too high?
Are you buying? Then it's too high.
Or, are you selling? Then it's too low.
the problem is I rather have no oil at all
so I dont' have to hear people complain
if you don't like it, dont' use it
if you can't afford it, don't use it
if you compain put a sock in it
Price of Oil? OR,
Price of Gas?
The price of oil is fair; based on the the supply and demand. In fact, since oil production has increased the supply the price per barrel is dropping.
Gas prices at $2.00 USD per gallon is actually a fair price considering that over 30 years ago price was $1.00 USD per gallon; showing SMALL inflation for the price of gas.
However, forcasting into the future ... since crude oil is a limited comodity, the increased production will lead to a low supply in the next few decades. Unless the WORLD finds alternatives ... well WAR unpresidented beyond anything we've seen.
Additionally, the spike of gasoline prices after Katrina (to $4.00 -$7.00 per gallon) were attributed to the oil processing plants in New Orleans. Since New Orleans is a major receiver of the crude oil, they process the oil into gasoline for most of the East Coast. Many states prohibit Companies to build new processing plants. This makes a ';Bottle Neck'; on getting oil turned to gas for consumers to use.
How does an oil cartel fit a competitive capitalistic model? Do you think before you type?Is the Price of Oil too high?
Are you buying? Then it's too high.
Or, are you selling? Then it's too low.
the problem is I rather have no oil at all
so I dont' have to hear people complain
if you don't like it, dont' use it
if you can't afford it, don't use it
if you compain put a sock in it
Price of Oil? OR,
Price of Gas?
The price of oil is fair; based on the the supply and demand. In fact, since oil production has increased the supply the price per barrel is dropping.
Gas prices at $2.00 USD per gallon is actually a fair price considering that over 30 years ago price was $1.00 USD per gallon; showing SMALL inflation for the price of gas.
However, forcasting into the future ... since crude oil is a limited comodity, the increased production will lead to a low supply in the next few decades. Unless the WORLD finds alternatives ... well WAR unpresidented beyond anything we've seen.
Additionally, the spike of gasoline prices after Katrina (to $4.00 -$7.00 per gallon) were attributed to the oil processing plants in New Orleans. Since New Orleans is a major receiver of the crude oil, they process the oil into gasoline for most of the East Coast. Many states prohibit Companies to build new processing plants. This makes a ';Bottle Neck'; on getting oil turned to gas for consumers to use.
Is synthetic motor oil worth the price premium?
It will last longer than normal oil, and yes it will protect better the engine of your car. It is worth depending on the use of your car.
This king of oil is designed for high performance cars, if you use your car only to drive around the city its not worth it, but if you go out a lot in a highway and like te drive fast or have your engine above 4,000 rpm for a long period of time it is worth it because you will be giving better protection and your engine will last longer.
teke into consideration that it is recomended that once that you put synthetic in yout engine you have to stay synthetic. If you car is like 6 years or older you will probably have problems with the oil sensor.Is synthetic motor oil worth the price premium?
YES, I changed over to synthetic oil in my '93 datoka, drove it 6000 miles and there was better performance. However I had to change to a synthetic-blend, because I have a front oil seal leak and it was blowing out oil,but, with the syn-blend it only drops a very few drops. However that ever you decide to use and are not satisfied with the results for the price you CAN go back to regular oil. I really like syn-blend.
This king of oil is designed for high performance cars, if you use your car only to drive around the city its not worth it, but if you go out a lot in a highway and like te drive fast or have your engine above 4,000 rpm for a long period of time it is worth it because you will be giving better protection and your engine will last longer.
teke into consideration that it is recomended that once that you put synthetic in yout engine you have to stay synthetic. If you car is like 6 years or older you will probably have problems with the oil sensor.Is synthetic motor oil worth the price premium?
YES, I changed over to synthetic oil in my '93 datoka, drove it 6000 miles and there was better performance. However I had to change to a synthetic-blend, because I have a front oil seal leak and it was blowing out oil,but, with the syn-blend it only drops a very few drops. However that ever you decide to use and are not satisfied with the results for the price you CAN go back to regular oil. I really like syn-blend.
When oil prices were rising Govt allowed taxis airlines etc to raise prices immediately?
however now when oil prices are down 60 70% Govt is just deaf and dumb not to force the price come down
Is it the free economy govt is advocating?What about postage stamps? gone up every year to 42c level can we see they are brought down to 32 c levelWhen oil prices were rising Govt allowed taxis airlines etc to raise prices immediately?
We depend too much on the Govt. and try to ignore the market forces.
Prices rose when oil prices rose, because of the market, because input costs have increased, the govt. neither permitted nor forbade the rise in prices.
Even now the govt. does not say anything, it is the moral of the taxis airlines to bring down the prices.
Is it the free economy govt is advocating?What about postage stamps? gone up every year to 42c level can we see they are brought down to 32 c levelWhen oil prices were rising Govt allowed taxis airlines etc to raise prices immediately?
We depend too much on the Govt. and try to ignore the market forces.
Prices rose when oil prices rose, because of the market, because input costs have increased, the govt. neither permitted nor forbade the rise in prices.
Even now the govt. does not say anything, it is the moral of the taxis airlines to bring down the prices.
Are you feed up with the oil prices yet?
With the prices of fuel going thru the roof isn't it time we open ANWR. the oil field there is 10 times the size of Purdue Bay and could create a price war with the OPEC nations and we could see the price of oil back in the $2.25 range within months.
Tell the activist that have been blocking the opening of this resource to eat dirt and stand back. I have been there and seen the land. in no way would any wildlife be hurt or threatened as they say.Are you feed up with the oil prices yet?
I say we just start drilling what are the tree huggers going to do use paper signs made from cut down tree's to protest or tie themselves to the oil rig.Are you feed up with the oil prices yet?
It's ';fed'; and I'm not. I'd be interested in hearing you explain the wisdom of immediately burning up the last of our domestic oil in order to keep prices lower for the next couple of years, and then finding ourselves right back in the same unpleasant situation we find ourselves in today.
The oil companies already have many wells just siting there caped not being used. Think about it from the oil companies view, if there is more oil on the market they have profit loss and that makes shareholders mad which is the morals of a company. It is time to make oil part of the commons.
Nah, travel is getting more expensive (believe me, I'm going to Japan and that's a pretty expensive flight) but that's just more market incentive to move towards an alternative fuel source, which seems to be electric or fuel cells, meaning we can transition to a less fossil fuel-dependent economy, even a new type of economy.
Since speculation was introduced in to the oil market the price for oil has gone through the roof . Changing this back would have a dramatic effect on the price, real time.
ANWR is the size of South Carolina and only 1,000 acres are believed to have oil, so only a tiny fraction would be drilled and the impact of the environment will be almost nothing.
Fed up? You can bet the farm on that - $81 to fill my work truck - and it's pretty much cut my available work area down to a very small local level - along with my job opportunities.
I say we start a protest vote and vote all members of the House and Senate out and start out with a fresh group who will make the USA more energy sufficient and lower the price of gasoline.
bush's family owns oil companies nothing can reduce the price unless his family is sent to the moon
before bush went into office gas was $1.76
Have been since it went over 2bucks!
I think everyone is......
I'm fedup so I bought a motorcycle. It get 40 to 45 MPG.
not me the price of a gallon in my country is 45 cents
I fill up my Toyota Camry for about 6 dollarsscars
Tell the activist that have been blocking the opening of this resource to eat dirt and stand back. I have been there and seen the land. in no way would any wildlife be hurt or threatened as they say.Are you feed up with the oil prices yet?
I say we just start drilling what are the tree huggers going to do use paper signs made from cut down tree's to protest or tie themselves to the oil rig.Are you feed up with the oil prices yet?
It's ';fed'; and I'm not. I'd be interested in hearing you explain the wisdom of immediately burning up the last of our domestic oil in order to keep prices lower for the next couple of years, and then finding ourselves right back in the same unpleasant situation we find ourselves in today.
The oil companies already have many wells just siting there caped not being used. Think about it from the oil companies view, if there is more oil on the market they have profit loss and that makes shareholders mad which is the morals of a company. It is time to make oil part of the commons.
Nah, travel is getting more expensive (believe me, I'm going to Japan and that's a pretty expensive flight) but that's just more market incentive to move towards an alternative fuel source, which seems to be electric or fuel cells, meaning we can transition to a less fossil fuel-dependent economy, even a new type of economy.
Since speculation was introduced in to the oil market the price for oil has gone through the roof . Changing this back would have a dramatic effect on the price, real time.
ANWR is the size of South Carolina and only 1,000 acres are believed to have oil, so only a tiny fraction would be drilled and the impact of the environment will be almost nothing.
Fed up? You can bet the farm on that - $81 to fill my work truck - and it's pretty much cut my available work area down to a very small local level - along with my job opportunities.
I say we start a protest vote and vote all members of the House and Senate out and start out with a fresh group who will make the USA more energy sufficient and lower the price of gasoline.
bush's family owns oil companies nothing can reduce the price unless his family is sent to the moon
before bush went into office gas was $1.76
Have been since it went over 2bucks!
I think everyone is......
I'm fedup so I bought a motorcycle. It get 40 to 45 MPG.
not me the price of a gallon in my country is 45 cents
I fill up my Toyota Camry for about 6 dollars
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