$4.00 +++ per gallon

[Ozark]

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Have you checked what Exxon and others are doing with their profits. Sounds like they are buying up all their outstanding stocks that they can get their hands on. Might be wrong as I'm no stock market expert.

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They sure aren't investing it in more refinining capacity!


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BTW - Exxon recently reported a profit of 9.2 billion dollars for the last quarter which is the largest amount of profit recorded by any company anywhere in the world ever! Maybe the high cost of gas lies within the USA.

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Capitalism out of control, thats what it is. The system needs an overhaul. Speculators shouldn't be controlling the prices at the pump. Why are we bailing out the mortgage industry?

[427king]

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They sure aren't investing it in more refinining capacity!


[/ QUOTE ] The democrats wont let em drill in Alaska ,and there is plenty of oil out there.

[71-LS6]

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They sure aren't investing it in more refinining capacity!


[/ QUOTE ] The democrats wont let em drill in Alaska ,and there is plenty of oil out there.

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Bingo! We have the correct answer. Democrats AND Republicans (no discernible difference there), will not let us drill for, and use our own oil. You don't like high oil prices? then become active and rise up to administer a political "bitch slap" to the so called environmentalists, who are responsible for this mess.

I'm no fan of the oil companies either, but the first order of business is to re-establish a steady supply of oil while we build Nuclear power plants like crazy.

[Hylton]

Funny thing is, there is no shortage of oil. It's all those damn speculators and government is doing nothing to stop it.

[1969l78]

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Funny thing is, there is no shortage of oil. It's all those damn speculators and government is doing nothing to stop it.

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Could not say it better---screw the little people

[ANDY M]

The same thing that happened to the mortgage industry can happen to the oil industry. Again. Remember when gas dropped to $1.00 a gallon? Bubbles burst. When demand drops due to high prices, and inflation isn't held back, you have "stagflation" like we have now. If the Fed does their job of keeping the interest rates in check, the recession will be short lived, as what happened when Bush Sr. left office and Clinton took over.
A quick geo-political observation: Bin Laden may be crazy, but he's not stupid. We drove the Soviets into financial implosion with their war in Afganistan. (With Bin Ladens help). Now we have a war where he's trying to do the same thing to us to us. The hidden costs of this war have helped to produce a record deficit, which can lead to a financial depression if not kept in check. JMHO

[Born30YrsLate]

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we build Nuclear power plants like crazy.

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Nuclear Power ROCKS!...

[x Baldwin Motion]

we build Nuclear power plants like crazy.

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Nuclear Power ROCKS!...

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[71-LS6]

Demand for gasoline in the US has actually declined about 1% over last year's rate (Lundberg Letter?). Global demand however, has continued to rise. Csaba Csere in Car & Driver magazine has an excellent article illustrating the pickle that we are in regarding fuel prices, look for the issue with the 08' Challenger on the cover.
On the brighter side, once the rest of the world realizes that the myriad of bundled subprime mortgage investments we've been unloading on them are worthless, global demand will indeed decline as they begin to realize that they aren't so wealthy either . By that time, our dollar could be on par with the peso though.

[1968 nova ss]

Everybody got a good point;no excuse for people to be paying $4.00 a gallon.All about the dollar:not about the right thing anymore.Chris teed