Do you agree that China is the force pushing gas prices up.?
395908
... they are part of it...you can't disagree that a billion people is a large market... but I don't think it's trippling gas prices... I think it's only part of the issue... I think a large part of it is the saber rattling in Iran... it's creating a fear based inflation...
31992
Some people and news agencies argue that labor strikes, hurricane threats to oil platforms, fires and terrorist threats at refineries, and other general problems are responsible for the higher gas prices. Critics argue that these problems periodically push price higher, but that they are not fundamental or long term enough to cause the large jump in gas price. A more fundamental problem that some believe is causing the price to raise is the probability of peak oil already or soon to be reached. Not only is there a limited amount of fossil fuels which have been burnt as fuel, but however much remains will be used faster by a growing industrialized world population and what remains will be more dificult to get since the easiest wells have been tapped and the remaining sources will be fought over in resource wars.\n\nOthers believe that the price of oil is almost entirely speculative, and that the increase in price is due to oil speculation extending into the long term. These people argue that speculators foresee increasing demand, decreasing supply, or both, leading to a long term increase in the price of oil. If these speculators are wrong, current prices may actually be a price bubble, and the price could thus collapse. A July 14, 2005 Morgan Stanley report suggests that opinions of the oil market could burst just like a bubble if indications of declining Asian demand continue.
154555
Yes they are right. The prices are determained by the future supply and demand of oil.  Iraq is not why they are high.  It is by the increase in world demand with supply shrinking.  Mainly do to emerging economies of India and China.  THe govt regualating anything would make it worse.
348889
supposedly it's because of "weapons of mass destruction." but we all know it's because of the oil. the shitty part is now bush has had us over there 3 years, and the fuckin gas prices are still pushing $3 and probably $4 in summer.
491113
There is none, if inflation had followed suit with everything else clothes, food, building supplies etc.It would be over 3 dollars a gallon.The problem is people actually give idiots like micheal moore and al fraken credibility, its uncanny!!!!They have both been proven to be liars.One of the biggest reasons gas prices increase is simply speculative theory!! we went to war for humanitarian reasons, those people want us there they were under dictatorship. clinton sent soliders into Bosnia in 98 and knowone had a problem with that, it was for humanitarian reasons or so we thought.The real problem a lot of people have with this is the time its taking but you cant put a time frame on something like this.
617669
If China will be successful in buying oil companies this year, i would say that the growth rate of china in terms of energy would be more or less tripled as compared to its currrent status in its energy industry. Especially now that this country's economy has boomed like a tiger.
167901
Ethanol is not the answer for raising gas prices. They produce it as a cleaner burning fuel. It all deals with the theory of global warming. I don't buy it, but that is the reasoning they use for it.
438516
It is ridiculous,  and I am scared about it.  The gas prices drive up the prices of all other products because, the products have to be driven to the stores in trucks run with gasoline.  So, not only do we end up paying more for gas, but for everything else as well.\nNow, I suppose for the upper and probably mid-level middle class this isn't that huge of a deal, but if you are mostly paycheck to paycheck, like my family, this can really hurt.\nOf course the rich get richer....that's just the way it goes.\nAnd what bugs me is that there isn't even a good reason for this gas spike...it is just speculation in the market driving up the price....\nWhere is our president when we need him?  He is NOT here for the majority of citizens in this country.  He has an agenda that goes against helping his own country, and that is pathetic.
382180
Of course not. \n\nUnlike the case of the 1970's embargo, there is no shortage. Oil and gas are abundant. The oil producers and their cronies realized that a demand for the product exists at a higher price, and have proceeded to manipulate the market to jack up the price. Of course, the government is looking the other way. In the past, everytime they tried to do that, a small portion of the Strategic Oil Reserve was released and oil prices soon dropped. \n\nWhy is that not being done now?\n\nCan anyone guess the answer? \n\n(A cue: remember Farenheit 911?)
927848
Gas futures rose as a result of the Democrats taking office, knowing full well that they do not comprehend the importance of this resource!\n\nThanks so much for asking! I'm glad I could clear that up for you!
386567
Let's take a look at a few facts.  First, the cost of crude oil for each gallon of gas sold in this country has gone up from about 35 cents per gallon in 1999 to $1.59 per gallon in 2006.   So ... crude oil prices go up by 454% over a period of seven years.  How much did gas prices go up during the same period?  Try 162%.  Looks to me like things could be worse.\n\nSo ... did George Bush set those crude oil prices?  Did the oil companies go out there and set the prices that high?  Helllloooo!  Do you think the oil producing countries like Saudi Arabia might have had anything to do with it?  Is it possible that the ever-increasing worldwide demand for crude oil was a factor?  How about the fact that oil exploration slowed several years ago when crude was selling for under $20 a barrel?  Now that the price is so much higher many more companies are getting into the exploration business ... but it takes somewhere around 5 years from discovery of an oil deposit to actual production.  The price of oil didn't start its uphill swing until about 2004.  Do the math.  You also have the fact that oil is a commodity that is traded on the New York Mercantile Exchange.  Traders have much to do about setting prices.  Do you suppose that George Bush is calling these traders in to coach them on just what those prices should be?  That's what the Democrats want you to believe.\n\nIn short, when supplies increase and demand decreases.
508834
I would just like to start off by saying that Bush has no power over the price of gas.  This last gas spike was calsed by Iran uping the price of there gas.  Becuse they know the U.S. don't want them to have WMD.  So they up our's and give cheaper gas to countrys they want or there side.\n\nWhen the gas price goes up the people who make the gas dont make more monney.
646770
They wouldn't be able to afford cars and gas in their country, so once they're here they'll have cars and add to the demand on gas. \n\nThe gas will keep going higher and higher. There's no end in sight to the gas problem, but yes based upon supply and demand, this problem can increase the demand even more.
480998
They're high.  But I think don't think we're in the "too high" range yet.  That'll probably be this summer and the year after.  We're still around 80% of the all time high for gas compared to the oil crisis we had years ago.
1073585
And you are so much better than they are by stating these things in this crude manner in an open forum?\n\nDo you have the proof to back these allegations up with or is this just your opinion on how things are in China?
332760
Exxon Mobile of Texas, and George Bush of Texas. Well since gas prices have tripled, I would say yes.
655560
In truth, most every major land mass has natural gas reserves, but has motivation to not use them. China, for example, just entered into a 3-year, multi billion (or maybe trillion, I forgot) dollar deal with Iran for Oil. China probably has oil, but given it's mountainous terrain, probably not worth it. \n And there is political motivation. As we move forward in the steps in a war with Iran, China effectively halted a great amount of advance by siding with Iran, espicially considering our rather large debt to the Bank of China. And as the Middle East is known as a "conflict zone", and being in the Middle East as I write this, I can agree, the long-term idea for many nations, esp. those in the U.N., is forcew the OPEC nations to sell away their prime export, leaving them succeptable to influence in later years.\n   America has a great deal of oil. Much more than Iraq in Texas alone. But we chose to leave wells covered, so as to ensure that the US will be able to function in the decades to come.\n   As far as dinosaurs.... couldn't say, but if you were to observe the geographic locations where there are several skeletons/fossils found, these lands are not known for being rich in oil\nhope that helps some.