Sunday, June 19, 2005

How To Make Oil Prices Drop

Opec's growing oil wealth has not stemmed the problems of high unemployment in the Middle East and abject poverty plaguing members such as Nigeria. The cartel is also conscious of the downside of high prices: that their drag on global economic growth could prompt moves to alternative energy sources, eventually lowering demand for oil.

Apparently all those riches make it better...for a few. .....So you are telling me if you are able to reduce the demand the price will more likely go down? Makes perfect sense to me. Sounds like a fine national agenda to me. So who's big enough to stand up, explain it, and make it so. ...Calling Mr. Feingold, make me proud.


Blogger Dedanna said...

Unfortunately we cannot move toward a more sustainable society by turning ourselves into a simpler society. Simpler arrangements or a sustainable lower standard of living are not likely viable solutions to the problems of political economy. While cutting energy usage on an individual scale is well-intended, it is not effective on an aggregate scale. This has to do with the capital costs of civilization. Simpler per capita in the end does not mean a more sustainable macro-economic situation unfortunately as we will see by looking at the case of China. More...

1:44 PM, June 19, 2005  
Anonymous Anonymous said...

The Donkey sees your post had no result.

Gas price rises as oil hits record high

By Tom Doggett
Monday, June 20, 2005; 5:09 PM

WASHINGTON (Reuters) - U.S. drivers paid more at the gasoline pump for the third week in a row, as crude oil costs climbed to a new record high, the government said on Monday.

The national price for regular unleaded gasoline jumped 3.1 cents over the past week to $2.16 a gallon, up 22 cents from a year ago, according to a weekly survey of service stations by the U.S. Energy Information Administration.

The price for crude oil, which accounts for about half the cost of making gasoline, hit a new record of $59.52 a barrel in trading on Monday at the New York Mercantile Exchange (NYMEX).

9:20 PM, June 20, 2005  
Anonymous Anonymous said...

The Donkey found this on the DOE website. The Donkey was amused.

Gas Price Hotline

"The Department of Energy is very concerned about the impact of gasoline prices on American families. While we are working to address longer term supply issues, we're also working to make sure that American families are being treated fairly and not being price gouged at the pump. Please help us monitor gas prices in your area by filling out our online form"

You see Bush cares if Haliburton is sticking it to us. The Donkey thinks this is Bush's way of tracking down people who may complain.

9:37 PM, June 20, 2005  
Blogger Dedanna said...

hunh. And the gas pumps aren't the only places we're being gouged at.

Take a good hard look at other prices as well.

Anything for the almighty $, this bunch we have now.

It's like, no more sales tax on food? Sounds great, doesn't it? Well, how 'bout almost double food prices instead?

Yeah, we're being gouged. In every way possible.

Complain? Nah, that's not allowed, either.


7:34 AM, June 22, 2005  

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