Comments on: Cheap Gas is Over – Conspiracy or Fate?

By: Jake

Jake — Sun, 18 Jan 2009 08:38:53 +0000

Did you catch the 60 minutes piece on gas prices a couple of weeks ago?

They suggested that rather than Arabs or the government, it was wall street futures traders who causes the last big upturn. The futures market intended for oil consumers like airlines to smooth out their expenses, has been fouled up by all kinds of major investing in it. They said there were 40 barrels traded on paper for every physical barrel.

By: shawn

shawn — Sat, 17 Jan 2009 15:15:39 +0000

Yeah, it’s cheap again. But the prices are rising now. So who knows what’ll happen? Regardless of what you think, however, the oil companies have been greedy. They have had huge profit margins and the consumers suffer. Maybe you don’t see it that way (maybe you drive an electric scooter or you walk everywhere, I don’t know) but the average American is suffering because of it.

By: Where Are You Now

Where Are You Now — Fri, 16 Jan 2009 21:18:32 +0000

I’m wondering where the conspiracy theory is now that gas is cheap again? Why is gas cheap again? Why not just keep charging $4 or $5 a gallon? Why is gas around $1.80 right now? If it’s oil company greed, why did the prices come down? Isn’t there enough evidence now that you were talking about things you had no idea about? Now that the prices are down, everything in this post is silly, short sided and plain wrong.

By: SB

SB — Wed, 21 May 2008 19:49:51 +0000

I totally agree with this article above.

Drilling in Anwar = more oil company profits.
Drilling in Anwar = our gas prices go to $10/gal !

Why? Becuase they know they can get it! More greed.
Why would oil companies roll gas prices back to $2/gal – just out of a “good-will” gesture?? – I don’t think so!

By: PM

PM — Thu, 13 Mar 2008 22:17:43 +0000

Gas prices are indeed become something most people consider crazy. The timing is great for alternatives such as EVs to come on the scene in full force. Zap has a fully electric car that does 0-60 mph in 4.8 seconds!