http://articles.news.aol.com/news/ar...00010000000001

Wow, some Americans need to put down the gas hose, step away from the vehicle, and take a chill pill. Don't you all know that Japan, and I believe England, too, is forking out at least double what we pay at the pump? When my Japanese mother-in-law visited me in September, she couldn't believe how cheap gas was. Relax people. We will get through this.

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PF cru 4 life

Uk fuel price currently is about £1:00 per litre

So that`d be £3:78 per US gallon

Which converts to $7:12 per US gallon

Sound bad?

I don`t think we`ve seen nuthin` yet.

Nobody really knows how much oil is left but when a consensus is reached that 50% of global supplies has been used then we`ll really see prices rocket.

Once we know we`ve burnt half the oil and we`re starting on the other half, I wouldn`t be surprised to see prices at ten times their current level.

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Outside of a dog, a book is man's best friend. Inside of a dog it's too dark to read.
Marx (G.)

Most of that goes directly to the government, not the gas companies, big difference indeed??

If and when we reach the point of "down hill from here", they will not tell us??? They have been using shortages as an excuse since the 70's (all lies), we just keep buying into the price gouging, and pay the cost, whatever it is???

I get a kick out of our politicians who stand before us and declare that they will seek out price gouge’ ers and prosecute those involved, then they turn around and accept as many bribes (political donations) as they can get from the pirates???

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There are only two things wrong with this great nation of ours, democrats and republicans!

Not necessarily in that order.

I suppose we could alway institute price controls. But that didn't work out so well during the Carter administration. There were some pretty outrageous gas lines, (if the station hadn't already run out of gas). I remember hearing that Americans used something like 150,000 barrels of oil per day just idling their cars while waiting in line.

If you want the price of gas to drop, I would recommend doing one or more of the following:

1) Use less. For example, if everyone simply drove the speed limit, the price of gas would plummet dramatically.

2) Lobby your representatives to lift environmentalist restrictions on drilling. (Stuff like ANWR should be a no-brainer.)

3) Lobby your representatives to reduce the tax on gasoline. The government takes more money in taxes out of a gallon of gas than the oil companies take in profits.

Enviromental concerns outweigh rising fuel prices, IMO.

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Outside of a dog, a book is man's best friend. Inside of a dog it's too dark to read.
Marx (G.)

I think alot of it is caused by the hype the media applies to it..and not really the prices. I think most people while they of course want lower prices just shrug and move on. A few thogh buy into the OMG the worlds ending and go bonkers.

How would that reduce the cost?? The demand wouldn't be as high and they would have to raise prices to maintain the same cash flow??

So the drilling would create more oil that needs to be stored as the refineries have plenty of oil, they just can't produce enough to supply the need?? If they had more oil to stockpile costs would also go up as they would need to pay for the storage???

This seems to make sense but then our politicians would be panicked as to how they would, cover such a bold and generous gesture??? The result would be higher taxes on something else, most likely the middle/lower income families, don't ya think??? Then as soon as the oil companies realize we are paying less when they know we can pay more, they will come up with excuses (terrorism security, storms, storage, to get their greedy hands on the money the government is no longer cheating us out of in the first place???

I would hope that we don't have to resort to price controls, but we (most of the planet) are literally at the mercy of the oil companies until an alternative can replace our dependency!!! Also not good!!!

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There are only two things wrong with this great nation of ours, democrats and republicans!

Not necessarily in that order.

If this statement were true the price of gas would never drop... and yet it does.

Actually it means they would not have to pay the costs of importing oil from a far away land.

Sorry, but everytime someone investigates oil "price-gouging", they come up with nothing. I know you think this means a cover-up, but you know what? Sometimes, if you keep coming up with nothing, it means that there is nothing to come up with. Most recent example? The Supreme Court's 8 to 0 decision (Justice Alito not yet participating) shot down a claim that oil companies were colluding in setting prices. Liberals and conservatives on the Court were unanimous on this one.

Okay, here's the part where you say the Oil Companies bought the Supreme Court...

That's valid. But I believe the impact to the environment has been greatly exagerrated.

I think there`s two issues here.

Localised enviromental damage from drilling and globalised damage from carbon fuels.

Do you consider the first issue to be exagerrated too?

And, whilst I understand that you have not yet been convinced with regards the second, do you not think it wise, considering the mounting weight of evidence in support, the near universal consensus of scientists and the scale of the catastrophe predicted, to consider a moritorium on further expansion and pursue, with all vigour, alternative energy sources? At least until a clearer picture emerges?

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Outside of a dog, a book is man's best friend. Inside of a dog it's too dark to read.
Marx (G.)