For the last year the prize of oil has trippled and even more in it's prize.
Some give the reason of this due the instability in the oil company regions especial in Iran , Iraq and most Easian countries. This will effect the economy of the whole world.
Electrical bills , petrol and many items realted to the "black gold" are raiseing up to reach an unexplainable prizes. It is about time that our world do somthing about this . I never hope that one day the oil prizes will be back . It is the time to use energy beyound oil, like solar or wind energy. Not to mention the nuclear energy, but this one is more dangerous form of energy, although with modern technology , safety had much improve.
But still solar or wind energy are costly to produce energy. In this thread lets talk about , if its true or not that the oil prize is rasing cause of the instability in Iran or just an excuse to earn more money in the task of the oil company?

The rising oil-price has to do with the rising demands for oil around the world. especially in rising economies in Asia, such as China. The price also rose quite high due to the storms in the Mexican gulf as the US had to, after using up their stored reserves of oil, to rely on other suppliers than themselves, leading to a rise in demand for oil that other nations produce.

I think is a little bit of both , is terrible how it's rising indeed and maybe it has to do with was happening nowdays , the instability I think that is something that is not affecting the oil problem but other things , and well you know I think the companies are taking advantage of this ...I'm not sure but I just know it seems like a big mess and well I wish we could do something about it ...but I guess it goes out of our hands...Nice thread ...

Written by Icewings on 26.05.2006 at 07:13

I think is a little bit of both , is terrible how it's rising indeed and maybe it has to do with was happening nowdays , the instability I think that is something that is not affecting the oil problem but other things , and well you know I think the companies are taking advantage of this ...I'm not sure but I just know it seems like a big mess and well I wish we could do something about it ...but I guess it goes out of our hands...Nice thread ...

Tks Icewings.
FOr sure we must do something here .
ALso not mention here is the effect onto the economy of the whole world. Also if one take a look to CHina ,it has the big demand for oil and many other things. I don't wish any harm to China but with this attuide is destroying us

Written by Lupas on 28.05.2006 at 00:46

Written by Icewings on 26.05.2006 at 07:13

I think is a little bit of both , is terrible how it's rising indeed and maybe it has to do with was happening nowdays , the instability I think that is something that is not affecting the oil problem but other things , and well you know I think the companies are taking advantage of this ...I'm not sure but I just know it seems like a big mess and well I wish we could do something about it ...but I guess it goes out of our hands...Nice thread ...

Tks Icewings.
FOr sure we must do something here .
ALso not mention here is the effect onto the economy of the whole world. Also if one take a look to CHina ,it has the big demand for oil and many other things. I don't wish any harm to China but with this attuide is destroying us

Hi my dear , well is nice Thread and like I told you we must do something is bad ..and yes I'm glad you mention the economy ..is terrible everywhere and you know I have noticed that because of this is bringing not only outside problems but inside too , like it might be small things but because the economy is so fatal is now more difficult to get a house or things like that ...anyways I just wish things could change ....

I have read on several of the posts that something must be done to remedy the situation, that; we must do something.

What is it you propose that we do?

Written by [user id=1457] on 28.05.2006 at 06:18

I have read on several of the posts that something must be done to remedy the situation, that; we must do something.

What is it you propose that we do?

I'm here refering not in the first person . If i have the way i will sure do something. Like a reduction on the Solar power technology or the govermnets invest more in this technology , thus by years many countries will not depend onto oil but onto other sources.
Electricity will be in a form of grid in all over the world. I know that this in impossible in a technical way, but if someday this will happen energy will be shared in most countries where there is only oil power stations, like malta. My country only depends in oil to produce electricty and each month the bills here are getting high .
There are many energy sources than oil but these people don't bother to how to solve this problem unless money are getting in . Rich persons are getting richer than ever

Written by Lupas on 28.05.2006 at 09:04

Written by [user id=1457] on 28.05.2006 at 06:18

I have read on several of the posts that something must be done to remedy the situation, that; we must do something.

What is it you propose that we do?

I'm here refering not in the first person . If i have the way i will sure do something. Like a reduction on the Solar power technology or the govermnets invest more in this technology , thus by years many countries will not depend onto oil but onto other sources.
Electricity will be in a form of grid in all over the world. I know that this in impossible in a technical way, but if someday this will happen energy will be shared in most countries where there is only oil power stations, like malta. My country only depends in oil to produce electricty and each month the bills here are getting high .
There are many energy sources than oil but these people don't bother to how to solve this problem unless money are getting in . Rich persons are getting richer than ever

Perhaps I have missed something here?

I had it in my head that oil was the problem, not the solution.

Indeed, the reduction of alternative energy production means will only result in a greater need for fossil fuels, emphasising the problem, rather than reducing it and its effect on the worlds populace and evironment.

It's effecting people all over the globe. Over in Australia the price we're paying for fuel is getting ridiculous. It just keeps going up, but no one's pay goes up. Then lots of businesses raise their prices of things that may have nothing to do with transport but say that it's because of rising fuel costs. Because of petrol, the general cost of living is rising. I'm now basically paying my entire wage every week on running my car. The thing is though, that it only costs the government about a third of what we're paying. So they're the ones who win from the situation. And it also always convenientely rises around public holidays and long weekends and stuff like that. I hate having to pay all this money for fuel

I actually think that high oilprices are good. That will make goverments more aware about alternative energy such as wind or solar. In Denmark we have quite a lot af windmills and the previous goverment supported investments in more efficient solarpanels.
The high oilprices might also make carproducers think and get them to make more fuel-efficient cars or cars running on alternative fuel.
Of course the high price isn't the best for the world economy or the private, but hopefully it will lead to a better enviroment.

(and yes I know that I'm just a left-winged prick, that doesn't know shit.... )

@Necromancer_S

Your situation is the same in most countries, like here . Prizes goes up and wages remain the same. I spend about 20-30 Euros per week for my car .

@Gt

yes for sure but i see that things are getting slower to solve this problem. No goverment will pay huge amount to solve the problem .
I wish that cars use altenative energy than fuel. The world must think that one day the fuel will be finished and think today for the alternative form of energy

The golden rule of economy:
Money cannot be created, nor can it be destroyed, just moved from one pocket to another.
This explain the oilprices alot... as customers we pay too much for our gas... For me i like nuclear energy, it's only some greenpeace propaganda and Tjernobyl fright, beliving that it isn't safe... It is the safest way to produce energy at the moment... Many people can make money on the rising oilprices, by rising their prices unecesserily much because of the high oilprices... Stupid custemers thinks: ahh okay that's the reason and keep buying...In Finland we pay 1.2?/liter... almost 1? is tax... The rising oilprices are mostly illusions made up by companies = the rich and the powerful...

Written by Destryphior on 30.05.2006 at 13:47

The golden rule of economy:
Money cannot be created, nor can it be destroyed, just moved from one pocket to another.

Good point .
I never ever tought of that

The rich is getting richer every second

People are just careless,they waste so much energy and things that can be preserved.The prices keep going up because those things are so limited right now.People at electricity companies aren't concerned about the well being of others or what the world will turn into,the only thing they're concerned about is whats going in their pockets at the end of the day.

@GT:Yeah I heard that Denmark does use windmills for alternative ways of producing energy,smarter than most countries.I think more places should be doing that,when we all run out Denmark is still going to have energy.

Well most people do act as if they live in this world alone. WHo cares for others . Our world is sick with human .
Oil is the product , a naturaly product that have been taken millions of years to produce and humans are burning this energy as if this source is forever

Well, I think we can complain all we want but until each of us personally does something about the situation, we'll be just as bad as those people making money off the oil and those who don't care about how it harms the environment.

I come from a part of the USA where oil is big business. All around me there are oil rigs, wells, and pipelines. The oil industry is so huge that most of the young men go there for work, even if it is dangerous, they earn more money in a week than I earn in two months. I can understand how it plays into economics; it provides jobs, but they are not permanent. Once a workover rig is installed most of the work is done and those people must move on to a new rig. It's an ongoing process where more and more rigs are being built, one after the other. Some farms and ranches are just covered with oil wells, sometimes you can think you've traveled to the end of nowhere and suddenly you'll run across an oil well. They're everywhere.

Of course I have to have a car to get around. It's a fact of life in rural America. Where I live is six miles from the grocery store. I used to live in a place that was 45 miles from town. And yeah, my car burns gas. My house is heated with propane. But once I have the means and the option (and once I'm back in Scotland...) I plan to build a house powered by the sun. I'd like to buy an electric car, which, by the way, unless it's plugged in to an energy source that you know comes from sun, wind, water, etc., is probably being powered by either the same old oil or coal, or even nuclear. Therefore it's not exactly doing anything special and you might as well get a car that runs on gas. (A quick note on nuclear power - it's all well and fine until the leftover waste must be disposed of. Then what? There's whole mountains in Nevada full of nuclear waste. I think I'd rather use oil.)

It's also a fact that we use oil all the time in our everyday life. Plastic is a by-product of oil. So is nylon. Oil is so much a part of our everyday lives that it would be difficult for anyone to escape it. I only hope that someday people will be able to readily use a cheap energy source that doesn't rip up the land.

its sad because Nigeria supposedly has the most oil in the world. far more than saudi arabia, iraq and other countries. just that nigeria is plagued with rebels that keep cutting down the oil pipes and steal the oil and sell it for like 10 cents a gallon. many countries tried putting money into that country, but ended up eitehr getting kidnapped for ransom money, or killd or whatever.

on a side note, canada also has a huge oil deposite. but it isnt raw. its mixed with mud and other stuff, so to clean that up takes a lot of time and money. but canada can be self reliant when it comes to gas.

and isnt venezula paying the least amount in the wrold? i read it somwhere that they get to pay 3 cents per liter.

here in Jordan, we are paying about $00.90 for a liter ...!!!!

too much expinsive..!!!

i pay more than $45 to full my car and that is only would be enough for two weeks..!!!

real problem

Well i agree when using alternative energy . Also with electric cars. But still electric cars coast so much money . Here in Malta to buy an electric car you have to spend about 15,ooo Euros. I mean it is not worth it to buy an electric car while with this price you can buy a 2cars .If the prizes will lower that will be a great introduce for alternative energy.
Our world depends mostly on oil but we must take account that one day there will be no oil .

Written by Destryphior on 30.05.2006 at 13:47

The golden rule of economy:
Money cannot be created, nor can it be destroyed, just moved from one pocket to another.

Actually it is the exact opposite, my boyfriend who has recently finished a class in Macro Economics has explained to me that every time a bank gives out a loan, they are creating money, and every time someone pays off that loan (or a part of it) that money is then destroyed. If everyone were to claim every cent of their bank accounts, the bank would not have enough physical cash to fund it all. Creating too much money will create inflation which is a bad thing because it makes the dollar worth less. So yes, you can create money, but it in turn has to be destroyed at some point. If you want more details as to the creation/destruction of money please pm Bloody Rain as he can explain everything.

Now to get back to the point of the original thread, Gas prices are as high as they are purely because the reigning oil companies want more and more money for themselves and are taking advangtage of something that most people have to buy no matter the price in order to fulfill that need for money. The human race is a greedy lot and the oil companies are no better. Yes it sucks for us seeing as how I pay $1.095 per litre for gas, and it's predicted that it's going to go up in price again, so ya I hate gas prices and feel that they could be lowered without significant loss to the oil companies. It's not the service station's fault, it's the oil company's fault.

Well i don't put the whole thing on USA. It is true that as Taka said USA has more than 80% of the whole world oil. And it is sure that USA has a monoply on oil. But this is not for long. As prizes are getting high each second USA must sure change it's stradegy. USA is helping to continue to raise up the oil prize. FOr them a war is for oil and nothing else.
Also China is buying huge amount of oil and primal materials . Most of manufactruring industries are investing in that countries. Being an electrical technician , the prize of copper has also trippled from this year and seems that it will raise again to reach the half the prize of gold

It is rediculous for me that our world economy is based onto two reasons : oil and USA

A guy being interviewed on Fox News blamed rising oil prices on environmentalism...

@Señor Three T: Yeah I can understand that - environmentalism sets limits on where companies can drill. For example, there has recently been talk of drilling in Alaska, where there are huge amounts of oil, but due to the uproar over drilling in the reserved lands, I doubt that it will happen. I think the same often happens with offshore companies.

Also, there are many contributing factors to the high price of oil here guys, let's not go blaming the USA for all the problems in the world.

dude, it can't get any worse than it i here.pick out 100 businessmen and 60 are corrupt or ilegal in some way. what's worse is that many oil-bosses are in prison now,and it seems that they've been doing some pretty nasty stuff while they were the managers,and the simple consequence of them being in prison is of course rising oil prices,in addition to the fact that the respective bosses used to jack the prices like there's no tomorrow.so a litre of gasoline here it costs ~3.5 lei,more than a euro or a US dollar,even though the americans bombarded some of the oil fields in the south of the country,thus proving that we have significant oil deposits.it's really annoying,because every timethe gas gets ore expensive, all the prices explode

Well I simply think that it's because oil companies are looking to have more profit. Raising the prices of oil is a smart move speaking from their point of view. The demand for oil is relatively inelastic (means that the consumers will pay pretty much anything for it) and they take advantage of this whenever they want to make a higher profit. This is true unless the government sets a price ceiling for oil and gas, but that's likely not going to happen.

America's oil production has been declining in the 70's. Other countries around the world's oil production are declining. OPEC realizes this. So what do they do? Raise the prices, that's what. But eventually even the OPEC countries will run out of oil. At some point in time in the not so distant future oil will be unavailable to us. The shit will hit the fan, and it's an event that we're all trying to postpone as long as possible but eventually it WILL happen.

Since the world is arguably in the first stages of a "new world order" I think first, for the time being, we should disband OPEC. It's just simply not fair capitalism. If we want the oil prices to go down we have to make the oil producing countries compete. How will they compete? By lowering their prices. The reason OPEC was formed in the first place was because it's easier to share the wealth than it is to compete, so they just agreed to screw us over. What we should do is establish some kind of all encompassing policy that keeps competition in order. I'm not saying I agree with capitalism or NWO, it's just a solution for the time being. Oil is pretty much the universal form of currency in the world, which means oil monopolies will eventually cripple the economy. Even though some countries are communist, the global economy is pretty much capitalism... no my friends, the wars against communism were not about "freedom", they were about the almighty dollar. Don't act so surprised.

I think a better (but more unrealistic) long term solution would be to completely redo the economy so we don't depend on a depletable resource, or just destroy the economy entirely. Eh, this kinda turned into a rant. sorry.

but if OPEC compete with each other the price will just go down and everyone will use more and more of it and then it will run out even sooner... what's the use in that?
countries have to reduce their reliance on oil for the environment, or at least foreign oil for all the war situations we can see now, rising prices can help that

yeah but the problem is nobody wants to make the switch. they just wanna keep riding the money train until we run out of oil. we've known about this problem for about 30 years and what have we done? hybrid cars.

most of the normal people want to do something about it for the environment, hopefully they will more and more get around the money guys and sluggish governments. The problem is the old 'not in my back yard', noone wants a massive windmill in a place they can see it, and all the water turbines cause damage to the local environment.
Governments more and more want to make a switch because foreign oil is increasingly getting dangerous, particularly from the middle east but also Russia and latin america, they all have us by the bollocks, and governments increasingly don't like that position. Things will change more and more very quickly, probably just nuclear power cos it's easiest, and new technologies and so forth, cos oil right now is complete disaster happening and waiting happen again

@GT - great point . viva la envoirment caring!.

Here, in Israel you pay 1.3$ for a litter of gas/oil... so we pay like 48$-52$ to have a full tank..

But thats not bother me, the price of oil is no longer at $$, any of you heard about the recent war in Iraq? ..
That's it, nothing else to say.