Home › Forums › Financial Markets/Economics › Gas prices this summer
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February 27, 2011 at 7:17 AM #672863February 27, 2011 at 7:20 AM #671712patbParticipant
[quote=Arraya]http://www.postcarbon.org/article/260011-how-markets-may-respond-to-resource
Instead, as the new decade wore on, the price of oil soared relentlessly, reaching levels far higher than the “pessimistic” $30 range. Demand for the resource was growing, especially in China and some oil exporting nations like Saudi Arabia; meanwhile, beginning in 2005, actual world oil production hit a plateau. Seeing a perfect opportunity (a necessary commodity with stagnating supply and growing demand), speculators drove the price up even further.
[/quote]
it helped the tax code subsidized SUVs
February 27, 2011 at 7:20 AM #671774patbParticipant[quote=Arraya]http://www.postcarbon.org/article/260011-how-markets-may-respond-to-resource
Instead, as the new decade wore on, the price of oil soared relentlessly, reaching levels far higher than the “pessimistic” $30 range. Demand for the resource was growing, especially in China and some oil exporting nations like Saudi Arabia; meanwhile, beginning in 2005, actual world oil production hit a plateau. Seeing a perfect opportunity (a necessary commodity with stagnating supply and growing demand), speculators drove the price up even further.
[/quote]
it helped the tax code subsidized SUVs
February 27, 2011 at 7:20 AM #672383patbParticipant[quote=Arraya]http://www.postcarbon.org/article/260011-how-markets-may-respond-to-resource
Instead, as the new decade wore on, the price of oil soared relentlessly, reaching levels far higher than the “pessimistic” $30 range. Demand for the resource was growing, especially in China and some oil exporting nations like Saudi Arabia; meanwhile, beginning in 2005, actual world oil production hit a plateau. Seeing a perfect opportunity (a necessary commodity with stagnating supply and growing demand), speculators drove the price up even further.
[/quote]
it helped the tax code subsidized SUVs
February 27, 2011 at 7:20 AM #672522patbParticipant[quote=Arraya]http://www.postcarbon.org/article/260011-how-markets-may-respond-to-resource
Instead, as the new decade wore on, the price of oil soared relentlessly, reaching levels far higher than the “pessimistic” $30 range. Demand for the resource was growing, especially in China and some oil exporting nations like Saudi Arabia; meanwhile, beginning in 2005, actual world oil production hit a plateau. Seeing a perfect opportunity (a necessary commodity with stagnating supply and growing demand), speculators drove the price up even further.
[/quote]
it helped the tax code subsidized SUVs
February 27, 2011 at 7:20 AM #672868patbParticipant[quote=Arraya]http://www.postcarbon.org/article/260011-how-markets-may-respond-to-resource
Instead, as the new decade wore on, the price of oil soared relentlessly, reaching levels far higher than the “pessimistic” $30 range. Demand for the resource was growing, especially in China and some oil exporting nations like Saudi Arabia; meanwhile, beginning in 2005, actual world oil production hit a plateau. Seeing a perfect opportunity (a necessary commodity with stagnating supply and growing demand), speculators drove the price up even further.
[/quote]
it helped the tax code subsidized SUVs
February 27, 2011 at 7:23 AM #671717ArrayaParticipantRobert Fisk, in the Sunday Independent, looks at the unrest sweeping the MidEast and concludes:
The Arab revolt that finally threw the Ottomans out of the Arab world started in the deserts of Arabia, its tribesmen trusting Lawrence and McMahon and the rest of our gang. And from Arabia came Wahabism, the deep and inebriating potion – white foam on the top of the black stuff – whose ghastly simplicity appealed to every would-be Islamist and suicide bomber in the Sunni Muslim world. The Saudis fostered Osama bin Laden and al-Qa’ida and the Taliban. Let us not even mention that they provided most of the 9/11 bombers. And the Saudis will now believe they are the only Muslims still in arms against the brightening world. I have an unhappy suspicion that the destiny of this pageant of Middle East history unfolding before us will be decided in the kingdom of oil, holy places, and corruption. Watch out.
February 27, 2011 at 7:23 AM #671779ArrayaParticipantRobert Fisk, in the Sunday Independent, looks at the unrest sweeping the MidEast and concludes:
The Arab revolt that finally threw the Ottomans out of the Arab world started in the deserts of Arabia, its tribesmen trusting Lawrence and McMahon and the rest of our gang. And from Arabia came Wahabism, the deep and inebriating potion – white foam on the top of the black stuff – whose ghastly simplicity appealed to every would-be Islamist and suicide bomber in the Sunni Muslim world. The Saudis fostered Osama bin Laden and al-Qa’ida and the Taliban. Let us not even mention that they provided most of the 9/11 bombers. And the Saudis will now believe they are the only Muslims still in arms against the brightening world. I have an unhappy suspicion that the destiny of this pageant of Middle East history unfolding before us will be decided in the kingdom of oil, holy places, and corruption. Watch out.
February 27, 2011 at 7:23 AM #672388ArrayaParticipantRobert Fisk, in the Sunday Independent, looks at the unrest sweeping the MidEast and concludes:
The Arab revolt that finally threw the Ottomans out of the Arab world started in the deserts of Arabia, its tribesmen trusting Lawrence and McMahon and the rest of our gang. And from Arabia came Wahabism, the deep and inebriating potion – white foam on the top of the black stuff – whose ghastly simplicity appealed to every would-be Islamist and suicide bomber in the Sunni Muslim world. The Saudis fostered Osama bin Laden and al-Qa’ida and the Taliban. Let us not even mention that they provided most of the 9/11 bombers. And the Saudis will now believe they are the only Muslims still in arms against the brightening world. I have an unhappy suspicion that the destiny of this pageant of Middle East history unfolding before us will be decided in the kingdom of oil, holy places, and corruption. Watch out.
February 27, 2011 at 7:23 AM #672527ArrayaParticipantRobert Fisk, in the Sunday Independent, looks at the unrest sweeping the MidEast and concludes:
The Arab revolt that finally threw the Ottomans out of the Arab world started in the deserts of Arabia, its tribesmen trusting Lawrence and McMahon and the rest of our gang. And from Arabia came Wahabism, the deep and inebriating potion – white foam on the top of the black stuff – whose ghastly simplicity appealed to every would-be Islamist and suicide bomber in the Sunni Muslim world. The Saudis fostered Osama bin Laden and al-Qa’ida and the Taliban. Let us not even mention that they provided most of the 9/11 bombers. And the Saudis will now believe they are the only Muslims still in arms against the brightening world. I have an unhappy suspicion that the destiny of this pageant of Middle East history unfolding before us will be decided in the kingdom of oil, holy places, and corruption. Watch out.
February 27, 2011 at 7:23 AM #672873ArrayaParticipantRobert Fisk, in the Sunday Independent, looks at the unrest sweeping the MidEast and concludes:
The Arab revolt that finally threw the Ottomans out of the Arab world started in the deserts of Arabia, its tribesmen trusting Lawrence and McMahon and the rest of our gang. And from Arabia came Wahabism, the deep and inebriating potion – white foam on the top of the black stuff – whose ghastly simplicity appealed to every would-be Islamist and suicide bomber in the Sunni Muslim world. The Saudis fostered Osama bin Laden and al-Qa’ida and the Taliban. Let us not even mention that they provided most of the 9/11 bombers. And the Saudis will now believe they are the only Muslims still in arms against the brightening world. I have an unhappy suspicion that the destiny of this pageant of Middle East history unfolding before us will be decided in the kingdom of oil, holy places, and corruption. Watch out.
February 27, 2011 at 7:53 AM #671727BubblesitterParticipantYes, lots of extremism out in the MidEast. Long simmering ethnic, religious, national feuds. They seem to have a long memory, centuries and centuries.
Every-time you pump gas, a good percentage is going straight to various petro dictatorships. Iran is actually getting $ cash from US consumers , even though there is a formal trade embargo. Until recently, yesterday noted Nut case Quaddafi was getting your money also. UN sec council embargo is now in place. Another dictator Hugo Chavez of Venezuela is also getting your money, right out of your pocket.
Oil money just fuels those conflicts and dictatorships
This is one other factor in me looking seriously into PV-EV. I want to personally decouple from the volatility of energy markets and not hand my money over to Petro-dictators.
http://piggington.com/solar_car_wtf
Bubblesitter
February 27, 2011 at 7:53 AM #671789BubblesitterParticipantYes, lots of extremism out in the MidEast. Long simmering ethnic, religious, national feuds. They seem to have a long memory, centuries and centuries.
Every-time you pump gas, a good percentage is going straight to various petro dictatorships. Iran is actually getting $ cash from US consumers , even though there is a formal trade embargo. Until recently, yesterday noted Nut case Quaddafi was getting your money also. UN sec council embargo is now in place. Another dictator Hugo Chavez of Venezuela is also getting your money, right out of your pocket.
Oil money just fuels those conflicts and dictatorships
This is one other factor in me looking seriously into PV-EV. I want to personally decouple from the volatility of energy markets and not hand my money over to Petro-dictators.
http://piggington.com/solar_car_wtf
Bubblesitter
February 27, 2011 at 7:53 AM #672398BubblesitterParticipantYes, lots of extremism out in the MidEast. Long simmering ethnic, religious, national feuds. They seem to have a long memory, centuries and centuries.
Every-time you pump gas, a good percentage is going straight to various petro dictatorships. Iran is actually getting $ cash from US consumers , even though there is a formal trade embargo. Until recently, yesterday noted Nut case Quaddafi was getting your money also. UN sec council embargo is now in place. Another dictator Hugo Chavez of Venezuela is also getting your money, right out of your pocket.
Oil money just fuels those conflicts and dictatorships
This is one other factor in me looking seriously into PV-EV. I want to personally decouple from the volatility of energy markets and not hand my money over to Petro-dictators.
http://piggington.com/solar_car_wtf
Bubblesitter
February 27, 2011 at 7:53 AM #672537BubblesitterParticipantYes, lots of extremism out in the MidEast. Long simmering ethnic, religious, national feuds. They seem to have a long memory, centuries and centuries.
Every-time you pump gas, a good percentage is going straight to various petro dictatorships. Iran is actually getting $ cash from US consumers , even though there is a formal trade embargo. Until recently, yesterday noted Nut case Quaddafi was getting your money also. UN sec council embargo is now in place. Another dictator Hugo Chavez of Venezuela is also getting your money, right out of your pocket.
Oil money just fuels those conflicts and dictatorships
This is one other factor in me looking seriously into PV-EV. I want to personally decouple from the volatility of energy markets and not hand my money over to Petro-dictators.
http://piggington.com/solar_car_wtf
Bubblesitter
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