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bhikkhu

(10,789 posts)

13. I wish people were more informed about the causes of high oil prices

Reply to Redfairen (Original post)

Thu Mar 21, 2013, 11:21 PM

Mar 2013

Oil is a finite resource. and the easy to get to stuff was burned through years ago. The rate of current use requires that all sorts of expensive to find and extract oil be utilized.

Demand is up, in spite of rising prices everywhere:

http://t0.gstatic.com/images?q=tbn:ANd9GcSUVPGmOf6jslDEAn8TBMByEqdn3OrF0idYbdwgXk6GJlH7rKQ51A

Production costs to meet demand are up:

http://4.bp.blogspot.com/_FeyfD5e2XDc/SwqPfjj1LYI/AAAAAAAAAEg/ZJQteL5O-8k/s1600/Graph+-+Marginal+cost+of+Oil+production+ass+a+function+of+source+and+production+rate.png

There is no cheap oil to fall back on, and the stuff we are burning through now costs a fortune to produce. Read what the cost of a barrel has to be to make the tar sands economical!

The future is more expensive, whoever you want to blame

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Drivers endure high gas prices despite U.S. oil boom [View all] Redfairen Mar 2013 OP

Its called GREED Mr. Laffoon. nt BootinUp Mar 2013 #1

So, on a governmental level, mpcamb Mar 2013 #26

Nationalize them abelenkpe Mar 2013 #30

I'm in Mexico mpcamb Mar 2013 #31

It's roughly 4.50 a gallon here abelenkpe Mar 2013 #35

The is what happens when you take the 1 percent's word for it. Crowman1979 Mar 2013 #2

Well everyone should be happy. Less oil being burned, refineries in 'your back yard' closing and Purveyor Mar 2013 #3

And we Prius drivers are helping to keep demand down. This is our thanks. SleeplessinSoCal Mar 2013 #4

I paid $3.70 a gallon for heating oil today! longship Mar 2013 #5

And to top it off, the Alaskan repugs voted to give Arctic Dave Mar 2013 #6

I'd be happy to pay $3.69. Here in So. Cal. the LibDemAlways Mar 2013 #7

I paid $6.79/gal last October in Death Valley, CA DemoTex Mar 2013 #10

Yikes! That's horrible. Pterodactyl Mar 2013 #16

The oil companies aren't the only mobsters shaking down the people meow2u3 Mar 2013 #14

I agree. There is no shortage of complicit crooks. n/t LibDemAlways Mar 2013 #17

50.38 $ to fill a Mini at the cheap station with regular olddots Mar 2013 #33

In the immortal words of Robert Klein... MotherPetrie Mar 2013 #8

Here in the SF Bay Area, we pay the highest prices for gas Proletariatprincess Mar 2013 #9

On the bright side... primavera Mar 2013 #34

It's pretty simple SmittynMo Mar 2013 #11

What ever happened to supply/demand? SmittynMo Mar 2013 #21

It didn't go anywhere CANDO Mar 2013 #32

There is no good reason gas should average $3.69 per gallon meow2u3 Mar 2013 #12

I wish people were more informed about the causes of high oil prices bhikkhu Mar 2013 #13

And with 'journalism' like the article . . Strelnikov_ Mar 2013 #24

Because oil companies need their excessive profits. God says so. McCamy Taylor Mar 2013 #15

"Drill Baby Drill??" Gman Mar 2013 #18

we tried to tell the dumbass R@ps that drilling here wouldn't do a thing for gas prices NMDemDist2 Mar 2013 #27

Their full of something rks306 Mar 2013 #19

We certainly do need to stop those rat bastards. lonestarnot Mar 2013 #23

China and India are pretty huge consumers of oil now. That helps drive up prices. Selatius Mar 2013 #20

And all while we subsidize those fuckers. lonestarnot Mar 2013 #22

Basic Supply and Demand 555 Mar 2013 #25

Don't buy the hype..... Purplehazed Mar 2013 #29

Completely wrong. Zoeisright Mar 2013 #36

What a con. Game Over. Corporate Overlords win. Living creatures deserve better. zonkers Mar 2013 #28