I have to do a research paper, and I'm interested in learning about oil. I know certain places in the U.S. have oil that are not tapped and that refineries have a hard time keeping up... or something. Basically I want a break down of what makes gas cost what it does, and how would be the best way to fix it... if that is even possible.

Remember, this is for a research paper, so if you would like to contribute anything as a fact, that'd be awesome, cuz I need facts and sources to go with them.

Hang on. I will get you some info.

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Support Your Local Oil and Gas Companies and the Industry. Invest in Oil & Gas Futures.

Take your Kids Hunting and Fishing.

Here is a article on the upside of oil prices and another on a field that was discovered in North Dakota that will create new jobs for drilling that in return will put tax money into the economy. This field can put a stranglehold on OPEC. I hope these articles and sources help.

http://www.houmatoday.com/article/20...139119117/1026

http://www.nextenergynews.com/news1/...news2.13s.html


http://www.energytomorrow.org/energy...s/shapiro.html
http://www.centreforenergy.com/gener...p&Template=1,1

http://www.lgs.lsu.edu/deploy/staff/sections.php

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Support Your Local Oil and Gas Companies and the Industry. Invest in Oil & Gas Futures.

Take your Kids Hunting and Fishing.

Louisiana Oilman you have yet to prove to me that Oil is not destroying the American economy.

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I'll tell you this no eternal reward will forgive us now for wasting the dawn
You may bury my body, down by the highway side,
so my old evil spirit can get a Greyhound bus and ride.
You and I must fight to survive

What determines the price of gas is a difficult question. Congress just grilled some oil executives and got only partial answers. I think you have to look into the London spot market. Apparently, the price of oil is determined by a small group of speculators who trade oil futures contracts. They trade far more contracts for oil than the actual amount of oil, and they only have to put up a small percentage of the price. For years, these contracts were traded on the London International Petroleum Exchange, but now they are traded electronically on the InbtercontinentalExchange. They peg the price of oil to Brent Crude, which represents only a small fraction of the oil produced worldwide. While we end up paying over $100 dollars a barrel, the Saudis, for example, only get about $3 dollars a barrel at the well.

Anyway, here are a couple of interesting articles that might be useful.


http://thereaganwing.wordpress.com/2...ron-with-love/

http://www.reason.com/news/show/125414.html

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"Happiness lies not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort. The joy and moral stimulation of work no longer must be forgotten in the mad chase of evanescent profits." FDR-First Inaugural Address

The American economy is fueled by oil. Take oil away and our economy collapses.

Well done Sherlock

The point I am making is that Oil is a stupid resource to rely on. We wage wars and the ruling elite of this country use it as a tool to divert attention from the real issues. There are better alternatives and the Oil companies surely would be exploring these methods if so many people, mainly from the government got rich of the trade of Oil from pump to your gas tank.

Do you know about Tesla? I'm looking for a link for you but basically the man developed a way of harnessing the electromagnetism around the earth which would be able to give everyone on the planet a readily available supply of electricity for free. The US government patented it in the early 20th century and never developed it. Does this not sound odd to you?

__________________
I'll tell you this no eternal reward will forgive us now for wasting the dawn
You may bury my body, down by the highway side,
so my old evil spirit can get a Greyhound bus and ride.
You and I must fight to survive

Energy companies will rape and pillage oil until it has depleted or is no longer profitable. Then they will move on to the next source. They are already gearing up for that. They aren't stupid.

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Oil Investors, chiefly the NYMEX decide the price of oil.

__________________
I'll tell you this no eternal reward will forgive us now for wasting the dawn
You may bury my body, down by the highway side,
so my old evil spirit can get a Greyhound bus and ride.
You and I must fight to survive

Thanks BillyBob! I've said this numerous times and people tell me to get out of the country for pointing this out!