I have a gut feeling that the rising gas prices has to do with people at the top pulling strings once more. It is the ideal way to control sprawl and get people back into the cities, which = more control for Uncle Sam's daddy. But maybe that's just my uneducated mind wondering off again, why then are gas prices rising this much and who has the control over it?
So your saying that Bush, or ExxonMobil sets the price of Oil not the traders and the Hedge Funds that plowed 200 billion into the oil market in the last few years.
it has to do a lot with dollar investors are buying commodities to preserve the value of their wealth.
No that was a gut feeling, I admitted I don't know what determines the prices so you're free to elaborate.
It's eaisier to control people in car as opossed to millions of people on subways and on the streets. Plus a subway ride only costs 2 bucks.
There is a number of things that fact the price, supply and demand, momentum, the price of dollar, World effects, but long term it comes down to supply and demand and in a global economy that is growing quickly its also increasing its demand for oil. Hence the increasing price of gas.
Thanks I appreciate it. I plan to ask more thought provoking questions this time around in hopes of not only good discussions that may expose a weakness in argument, but also something new for me to learn.
the natural resources will only be rising in price, so nothing special about it, the food is also getting more expensive, athough Im not sure why? They say more people = more food, so perhaps there should be more people working on fields as well ? The world is getting lazy or is it just too many people and not enough territory?
Mexico has price control on gas prices. Truck drivers even cross the border to fill up their tanks, saving them $500 - $1000.
I am the grand puppeteer of Air-ub, my oil puppet. Please leave any suggestions on how you would like to see my "show" change, even though I will laugh at them all and call them stupid. Go ahead make my day.
Gas prices are set by international traders.. especially traders in futures who speculate on what prices will be in the future. Their demand and supply capacity will set the market price of barrels of oil. The oil price price set on this market is used further down the stream to calculate what prices at the fuel pump will be.. If anything happens in the world that can influence oil prices, traders expect oil prices to raise in a few months, this causes a price increase now, and higher gas prices in a few days/weeks.. So there's not really 1 person or entity in control, it's all supply and demand. Of course there are a lot of things that can influence supply and demand
I have a simple solution. The systematic extermination of all gas price speculators. As well as Rosie O'Donnel, just to be sure....
The whole suburban sprawl thing is based on cheap fuel prices, people are crazy to commute such massive distances to work each day
Market forces direct the majority of the inertia. I'm sure there is some profiteering, but it couldn't happen without substancial market forces providing the framework. Demand for gas from China and India, combined with a weakening US Dollar are the primary factors from what I've been reading.