This will seem like a deal 5 months from now.

Fox News is already blaming Dems. They ran a graphic last weekend that said:

Gore Endorses Obama. Get Ready for $7 Gas?

Nothing in the broadcast explained how a political endorsement could have such a profound impact on the price of gas, but a lack of intelligent analysis never stopped Fox before.

I moved to Seattle at the end of March. Gas is up almost a dollar here since then. Just 6 years ago gas was just over a dollar. When are we going to stop them?

well, that's what I'm paying.
Needless to say, I don't go anywhere except to work, thats it. period.
And you know it will be at least 5.00 a gallon for regular by the 4th of July.
I'm seeing price increases everywhere else too. Food, clothes, building materials, BEER, everything.
I'm already working harder and putting in more hours for less money. Throw in all the raised prices, ughhhhh. WTF you gonna do?

marykmusic @ 2:

I disagree. We (my husband and I) think a big price drop is in the works. The "Peak Oil" myth is being busted.

The OIL Companies and OPEC have extracted an additionall 1 and 1/2 TRiLLION dollars out of our pockets from the raised prices in the last year, what is their motivation for lowering the price of OIL / GAS / FUEL OIL / Etc.? Ever?

It's the speculators. Energy-futures trading. See Enron. More fake bullshit putting billions into the pockets of criminals like Exxon, whose punishment for the Alaska spill=peanuts, or near impunity.

We're paying around $6.10 a gallon in Japan. Folks in the States have it good.

enor @ 9:

marykmusic @ 2:

I disagree. We (my husband and I) think a big price drop is in the works. The "Peak Oil" myth is being busted.

The OIL Companies and OPEC have extracted an additionall 1 and 1/2 TRiLLION dollars out of our pockets from the raised prices in the last year, what is their motivation for lowering the price of OIL / GAS / FUEL OIL / Etc.? Ever?

Hoover got blamed for the Depression but he really didn't cause it; it was the bankers who manipulated that.

Bush 43 is being blamed for this fuel-rice problem, but there is deeper manipulation behind this as well as the Iraq war.

You can learn a lot by watching Lindsay Williams, The Energy Non-Crisis:

http://www.youtube.com/watch?v=NbakN7SLdbk --MaryK

In February 2003, Rupert Murdoch expressed his support for the then-pending invasion of Iraq and stressed the potential economic benefits of such action. "The greatest thing to come of this to the world economy, if you could put it that way, would be $20 a barrel for oil," he told The Bulletin, an Australian magazine, in a February 12, 2003, interview.

I paid $4.99 on the way to LA from San Francisco.

mr.ed @ 18:

miss_kitty @ 11:

It's the speculators. Energy-futures trading. See Enron. More fake bullshit putting billions into the pockets of criminals like Exxon, whose punishment for the Alaska spill=peanuts, or near impunity.

As illustrated in CNBC today, you can buy a future on $155 oil for $12. That's quite a margin. What happens if there's a dip? BAILOUT!

Can you say...

E N X R O N ?

When the crowd start buy oil futures then you know its time to get out. GET THE FUCK OUT!

Ha, I laugh at your puny gas prices, I live in Hawaii.

marykmusic @ 2:

I disagree. We (my husband and I) think a big price drop is in the works. The "Peak Oil" myth is being busted.

No its not busted.

Even if the actual theory of Peak Oil is disproven - the OIL COMPANIES will still tout it as the reality - afterall, shortages, real or otherwise, are good for business and obscene profits.

Until we open up the books on the real reserve status - and probably what the Oil Companies really know about its origins, we will continue to operate as if Peak Oil is true.

This is a deliberate ploy to impoverish and suck the last remaining wealth out of the country while it is sold off piecemeal to foreign interests. The British want their colony back, actually they have had it for 100 years but now the want to reengineer it a little. Just look at the British Isles for a taste of what is coming. For example, in a recently announced program there, you need permission to kiss your child from the state, and if you take your child swimming you are considered a pedophile.

They treat us like cattle because we let them.

Seeing as how the American people will tolerate almost any indignity without even a murmur of complaint and with the financial interests seeing how easy it is to completely rape the country, there is a rapid slide toward despotism and corruption which may finally end in an orgy of violence and with many people dying of starvation, like the seven million who starved in America during the last depression. Only last depression 40% of the population lived in rural areas where they could grow food. This time cities could run out of food in three days. And not many people live in the country.

Picture that one.

If you put up with this, you get what you deserve. If everyone stands up and says enough is enough, this whole fraud will collapse like a house of cards. And, no, Obama isn't going to help you, he's with them. If he wasn't, he wouldn't be running as a "major party" candidate for president. He's part of the illusion of choice that makes you easier to manage. If you doubt the soundness of this idea, remember the Democrat victory of 2006. They are all in bed together, all corrupt, and so arrogantly confident of their power that they are violating every fundamental value of this country.

So why is everyone so quiet? Maybe its the chemtrails?

We get rid of these guys, there is a whole amazing universe awaiting us. Peace on earth at last.

David @ 29:

This is a deliberate ploy to impoverish and suck the last remaining wealth out of the country while it is sold off piecemeal to foreign interests. The British want their colony back, actually they have had it for 100 years but now the want to reengineer it a little. Just look at the British Isles for a taste of what is coming. For example, in a recently announced program there, you need permission to kiss your child from the state, and if you take your child swimming you are considered a pedophile.

They treat us like cattle because we let them.

Seeing as how the American people will tolerate almost any indignity without even a murmur of complaint and with the financial interests seeing how easy it is to completely rape the country, there is a rapid slide toward despotism and corruption which may finally end in an orgy of violence and with many people dying of starvation, like the seven million who starved in America during the last depression. Only last depression 40% of the population lived in rural areas where they could grow food. This time cities could run out of food in three days. And not many people live in the country.

Picture that one.

If you put up with this, you get what you deserve. If everyone stands up and says enough is enough, this whole fraud will collapse like a house of cards. And, no, Obama isn't going to help you, he's with them. If he wasn't, he wouldn't be running as a "major party" candidate for president. He's part of the illusion of choice that makes you easier to manage. If you doubt the soundness of this idea, remember the Democrat victory of 2006. They are all in bed together, all corrupt, and so arrogantly confident of their power that they are violating every fundamental value of this country.

So why is everyone so quiet? Maybe its the chemtrails?

We get rid of these guys, there is a whole amazing universe awaiting us. Peace on earth at last.

Hear, hear!

On our simple website is a way to take back some of your own power.

www.royaloil.org

Deny territory to the Bad Guys!

(We seldom have chemtrails any more, either.) --MaryK

http://www.321energy.com/editorials/fox/fox061808.html
who has the most oil chevron...nope shell....nope
morgan stanley........give the person a prize

lsd @ 13:

We're paying around $6.10 a gallon in Japan. Folks in the States have it good.

We're paying around $8 a gallon in Poland. Folks in Japan have it good
;)

David @ 29:

This is a deliberate ploy to impoverish and suck the last remaining wealth out of the country while it is sold off piecemeal to foreign interests. The British want their colony back, actually they have had it for 100 years but now the want to reengineer it a little. Just look at the British Isles for a taste of what is coming. For example, in a recently announced program there, you need permission to kiss your child from the state, and if you take your child swimming you are considered a pedophile.

They treat us like cattle because we let them.

Seeing as how the American people will tolerate almost any indignity without even a murmur of complaint and with the financial interests seeing how easy it is to completely rape the country, there is a rapid slide toward despotism and corruption which may finally end in an orgy of violence and with many people dying of starvation, like the seven million who starved in America during the last depression. Only last depression 40% of the population lived in rural areas where they could grow food. This time cities could run out of food in three days. And not many people live in the country.

Picture that one.

If you put up with this, you get what you deserve. If everyone stands up and says enough is enough, this whole fraud will collapse like a house of cards. And, no, Obama isn't going to help you, he's with them. If he wasn't, he wouldn't be running as a "major party" candidate for president. He's part of the illusion of choice that makes you easier to manage. If you doubt the soundness of this idea, remember the Democrat victory of 2006. They are all in bed together, all corrupt, and so arrogantly confident of their power that they are violating every fundamental value of this country.

So why is everyone so quiet? Maybe its the chemtrails?

We get rid of these guys, there is a whole amazing universe awaiting us. Peace on earth at last.

The Brits, God bless 'em, wouldn't take us back on a bet.
WTF have you been smoking?

SCHRODINGER'S CAT @ 34:

"Gary @ # 20"

" If you hate gas proces now , just wait till we bomb Iran."

' ...... we or Israel bomb Iran.'

The US economy would shut down.

your probably correct that's why they're working like hell to get iraqi oil flowing and strategic reserves have been topped off

Mission accomplished.

http://www.reuters.com/news/video?videoId=84361

i'm not saying it's the only reason but i believe it has a lot to do with the accelerated price raise....this is a good short video.......wall street,international commodities markets are important for trade but there main objective is to make profits....some traders have been loving this ever since the 9-11....making money on fear/manipulation on top of supply issues

Demand has dropped 17% (!!!) already due to the price of gas. Supply and Demand my ass.

cray86 @ 45:

Demand has dropped 17% (!!!) already due to the price of gas. Supply and Demand my ass.

Diesel demand is up 34% month on month in China.

imho, the higher the price, the better........

i'm sick and tired of americans complaining about the price of gas. get off your ass, get on the bike, or (gasp!) try public transportation once in awhile. or, gee, maybe you could walk for a mile or two a day.

I love the McLauglin Group (mock me if you will ;) ) but they covered the devaluing dollar several years ago and asked why no one was paying attention to it.

I was aware, and am laughing now at how we have borrowed against our future. Fiscal Conservatives my ass.

harley @ 49:

cray86 @ 46:

PS - It's market speculators making money, not the oil companies (although they do as well)

Speculation turns the free market into a method, like playing texas hold'em poker.

The biggest speculators in the oil market is the airlines, oil companies and the shippers to hedge their risk.

Bottom line: Oil is traded all over the world. If you shut down the traders in the U.S. They will trade in another country. Ensuring oil will not longer be traded in USDs. Which means the price will go up even higher.

Sorry - those be the facts.

I don't disagree with you (unfortunately)

What do we do? I say nationalize oil ;-)

Campy @ 40:

The delusional "drill our way out" crowd is already in full chorus.

If you want to see what the next six five months is going to be like, check out the Cavuto Report today. There was some wacko right wing chick filling in for Cavuto on Fox that was talking with a Democratic Congressman (didn't catch their names) about the price of oil. She was a typical pugnacious Fox/Republican talking point drone. Her condescension of the Congressman was absolutely classless. Her spewing of misinformation and lies was unbelievable. Of course, Bush, the oil industry and market speculators are blameless.

The "drill our way out" crowd believes that foreign dependence on oil is a national security concern. To that extent they are correct. However, the only solution they ever offer is to let the free market (Big Oil) solve all our problems by giving them free reign of our resources.

"History does not give us confidence that private interest alone would adequately safeguard the national interest." Quote from Republican Senator Henry Cabot Lodge, as quoted in The Prize, by Daniel Yergin.

I explained this to a friend this week - Big Oil wants to drill, Big Oil plays the supply and demand game, speculators pounce to make a buck, and the Big Oil friends in government sit back and watch the prices rise until they can give Big Oil what they want without the public screaming too much. Which means granting the drilling rights.
We're hostages and pawns.

NoBuddy @ 48:

I saw Ted Koppel on the Daily Show, and he's among the first in the mainstream media to acknowledge that borrow and spend economics has led to the decline of the dollar, which has contributed to the inflation, not only in gasoline, but other imported items, such as coffee.

While the mainstream media has tied in the falling dollar to the increased price of fuel, that was the first time I've seen a mainstream pundit say what we all intuitively know. There is no free lunch, and the inflation tax is the result of Bush's running up the deficit to enact upper-class tax cuts, and spending 50% of the world expenditures on the military on behalf of the neocons hegemony objectives, starting with Iraq. And make no mistake, inflation is a tax caused by a government running up budget deficits with no end in sight.

I noticed tonight that national income is up. But where did the money come from? The stimulus checks, which is borrowing from the future for the temporary convenience of the present. So, we're in a borrowing hole that we dug a little deeper.

Now, too be sure, a lot of the increase in oil is an actual increase, spurred on by increased demand from the countries like India and China who are prospering at our expense through the free trade fiasco. But a significant component is a devalued dollar.

Looks to me like the Fed is caught between a rock and a hard place. If they cut interest rates, the dollar devalues faster, and oil gets more expensive, causing the economy to tank. If they raise interest rates, borrowing becomes more expensive and the economy tanks. Borrow and spend has somewhat neutered the Fed.

On a number of occasions the President , Mr. Bush said ," I encourage you to continue shopping" , ( or something like that).

So American went out and went shopping and they also borrowed money to do more shopping. Not a good idea.

Reduce your debt as fast as you can because the next few years will not be kindly.

The bought and paid for MSM along with our own government hasn't been quite honest with the American people regarding the oil crisis. They never have as it's always better to gouge the little guy while the fat cats in corporations that run government live high off the hog at our expense.
Learn what the truth is. It will set you free.

http://video.google.com/videoplay?docid=3340274697167011147

rend @ 58:

the new bubble, wait till those fuckers over sell this crap.. Wow, tech, housing, they will look like nothing.

The outsource of jobs means wage growth in other countries. Wage growth in other countries mean more demand for oil.

Basically the quality of life transferred with the job. It just takes 10 years to catch up.

Next imported stuff we use to buy on the cheap - becomes to expensive. Then the USD loses reserve currency status and we have to start making the stuff we use, ourselves again.

To bad most American's are not ready for this.

Listen to the chaplin. He was on the North Slope when the oil was discovered. Too bad the powers to be tol BP and Atlantic Richfield to cap off the weels. Wells that hold more oil than all of Saudi Arbia.

http://video.google.com/videop.....7167011147

[Bad link that I can't fix for you, Andrew. Please try again. Site Monitor]

Here's the link. if it doesn't work, just Google the name Lindsey Williams. It will pop right up.

http://video.google.com/videoplay?docid=3340274697167011147

Back in the 70's when the North Slope of Alaska was being developed, BP and Atlantic Richfield found more oil under Gull Island than exists in all of Saudi Arabia. In fact, there is more natural gas associated with this discovery that could power the entire US for 200 years. The only problem being that our government since the discovery was made, forced the oil companies to cap all of the wells and to this day that oil still sits there. Read Willam's book. "The Energy Non-crisis".

http://www.excons.org/2008/06/27/why-is-gas-so-high-and-how-do-we-fix-it...

Speculators are buying oil at a low margin of only 7.5%. You can get about $64,000 worth of oil for about $3,000 in the oil futures market. In 1980, a similar situation occurred with the silver market. It was being traded with low margins and the price of it shot up from $19 per ounce to $50 per ounce in less than two months. Then, the CFTC stepped in and upped the margins to 100% (requiring silver be bought at full price). The results? Silver dropped to $10 per ounce in 24 hours. Talk about a bubble burst! Any chance this could be the same? How about we increase the margins and find out!

cray86 @ 53:

harley @ 49:

cray86 @ 46:

PS - It's market speculators making money, not the oil companies (although they do as well)

Speculation turns the free market into a method, like playing texas hold'em poker.

The biggest speculators in the oil market is the airlines, oil companies and the shippers to hedge their risk.

Bottom line: Oil is traded all over the world. If you shut down the traders in the U.S. They will trade in another country. Ensuring oil will not longer be traded in USDs. Which means the price will go up even higher.

Sorry - those be the facts.

I don't disagree with you (unfortunately)

What do we do? I say nationalize oil ;-)

Amen, nationalize the oil industry and begin an investigation into collusion with OPEC. The entire oil industry is a scam with collusion and price fixing at every level. This is really about white collar crime on an international level.

When the Texas Oil Regime took over after the Clinton years gas tripled in just 7 1/2 years. One plus one still equals two doesn't it?

Now they are using the high gas prices they have helped create for their profits as an excuse to go what they have always wanted to do, drill off shore and it Alaska.

I said it before and I'll say it again.

We'll have the fuel we need

When we drop the tariffs on Brazilian sugar cane ethanol

Until we develop spear grass and cellunoid ethanol

There's also natural gas.

We need to Nationalize our energy infrastructure.

ysbaddaden @ 75:

I said it before and I'll say it again.

We'll have the fuel we need

When we drop the tariffs on Brazilian sugar cane ethanol

Until we develop spear grass and cellunoid ethanol

There's also natural gas.

We need to Nationalize our energy infrastructure.

Will have all the energy we need after the second revolution takes place by a people that choose to live free of government supression. In the short term, the oil on the North Slope can see us through. What we need is a Manhattan project for alternative forms of energy. But the oil up in Alaska on Gull Island can see us through the transistion period while allowing current price to fall back to the $1 a gallon level.

ysbaddaden @ 78:

cellulose and oat shell ethanol

Get real friend. Just two weeks ago the japenese company Genepex introduced the worlds first water powered car. One quart of fresh or salt water get you 80 miles. No offense friend, but if you think for a moment that the powers to be haven't had the answers to future energy needs, guess again. It's all about control. Who has it and who doesn't.

When gass gets 5 to 6 dollars a gal, it will STOP a very larege group of people who are the backbone of this country. they will not be able to go to work. when they cant go to work, just watch, things will hit the wall. I wonder if the assholes in DC are just watting for some excuise to decalre ORDER #51...................

Andrew @ 74:

The founders of our great country had an aswer for your question sully. It can be found in what the current occupant of the White House refers to as just a God damn piece of paper the U.S. Constitution.

When, in the course of human events, it becomes necessary for one people to dissolve the political bonds which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the laws of nature and of nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We`re talking about impeachment.I am sooo ready to impeach,indict,and imprison these assholes.So let`s go.

Andrew @ 79:

ysbaddaden @ 78:

cellulose and oat shell ethanol

Get real friend. Just two weeks ago the japenese company Genepex introduced the worlds first water powered car. One quart of fresh or salt water get you 80 miles. No offense friend, but if you think for a moment that the powers to be haven't had the answers to future energy needs, guess again. It's all about control. Who has it and who doesn't.

Let's see how long the water car lasts before someone finds a way to kill it. I suspect that our corporate citizens have killed many alternate sources of energy for obvious reasons.

Ruthless People @ 73:

When the Texas Oil Regime took over after the Clinton years gas tripled in just 7 1/2 years. One plus one still equals two doesn't it?

Now they are using the high gas prices they have helped create for their profits as an excuse to go what they have always wanted to do, drill off shore and it Alaska.

gold and silver have also (quietly) tripled in the last 7 1/2 yrs.

my point is, that if it were just an oil scarcity, only the price of oil would be going up.

There is no real oil scarcity at the moment ...(although there is much uncertainty and fear of more war to come) ...Iran in the crosshairs.

The real truth is Saudi Arabia, Libya, Venezuela, Russia, have grown sick and tired of the worthless Federal Reserve Notes that America Overprints and overcirculates.

It is not a shortage of oil...(everything is getting expensive!)

...but an overabundance of Federal reserve notes...

our money is becoming worthless cuz the govt keeps borrowing...

...and the Fed keeps printing...

karl @ 86:

Mert @ 84:

What do you people expect? Gas prices have been artificially low in America for years. They're not going down any time soon, and if they are, it won't be a significant change. What do you expect, $2 gas? Yeah ri
Buy a motor scooter or motorcycle, ride a bicycle, take public transportation, grow your own vegetables, live closer to work, car pool, use the public library, cook your own meals, drink tap water. Or hell, we're (you're) fat Americans, walk! It's not hard to save money, just put some effort into it and realize the future is bleak.

thanks for the enlightment... sunshine.......maybe the gasoline could have increased

price at a little slower rate

All good ideas but we have tostop the 1% who snake the 90% from the rest of us.We got to get maps to their house and get our boys to talk to them about how hard it is when you`do all the grunt work and the 1 percenters get 90% of the cash.These guys have been screwing us for eight,ten twenty,hell twenty five,HELL FIRE It`s since Reagan--28 fucking years of trickle down from the 10 %that is left.Fuck these people.IMPEACH,INDICT,IMPRISON to empower usLets go.Revolting developments demand revolt.I`m ready.LOTS OF PEOPLE AREsO LET`S GET THEM TOGETHER AND PLAN AND DO.

Completely close the "Enron loophole" right now and let's see what happens.

Everyday that closure is delayed means that world oil barrel prices will continue to rise and the likelihood that al Qaeda terrorists over in the Middle East are taking advantage of this loophole will increase.

This is a national security issue, dammit.

We are on the brink of a national and global disaster, led to this point by insane conservative policies, policies meant to only help (and profit) the few at the expense (and often the lives) of the many. Weep, weep, for what the Republicans, and all conservatives, have done. Weep for our nation's children and the children of the world.

Gary @ 20:

If you hate gas prices now, just wait till we bomb Iran.

Ha ha -- that's what I was thinking.

Great way to help Big Oil on his way out of office -- fuck everything up.

Thank goodness Cheney only held one secret energy task force. I don't think we would have survived two!

I heard there's, like, this car that can run on, like, water.

Ruthless People @ 73:

When the Texas Oil Regime took over after the Clinton years gas tripled in just 7 1/2 years. One plus one still equals two doesn't it?

Now they are using the high gas prices they have helped create for their profits as an excuse to go what they have always wanted to do, drill off shore and it Alaska.

----------------

All commodities rose significantly. Lumber, gold, copper. China had a major economic boom.
Oil use in China jumped dramaticly, along with coal. China no longer even exports coal.

Polititians always try to take advantage of a situation, democrats or republican.

Running out of Gas

Not me

As a Texan

I eat plenty of

Ranch style beans.

I say if the US EPA would simply enforce their own mandate "to protect the environment from pollution, etc., and immediately call all motor vehicles in for emissions tests - millions of cars, trucks, and SUVs would be off the road over night until they could finally re-test and pass the emissions standard. This would relieve both the supply and demand sides of the gasoline crunch; driving up the supply and driving down the demand. This simple solution would make the price drop significantly and quickly.

I would also recommend that the government then offer those who cannot pass the current standard for emissions a tax break and a voucher for a down payment on a newer, more gas efficient car or truck that also passes the emissions standard while it reduces demand and increases supply here in the USA.

My wife and I barely drive more than 25 miles in a week. And I'm only looking at jobs within 10 miles from my house, and giving special consideration for ones I can walk to.

Other than the price of food, we're not getting hit hard at all because of these prices.