Quote:
Originally Posted by Thunderbird
It has to do with supply and demand. The demand in newly industrialized countries has sky rocketed while production has stayed about the same. The oil companies are making huge profits but this only to off set the future and current cost of exploration of new oil reserves.
The problem of high fuel cost is not going away. What we need to decide in the US is to elect a president that thinks that drilling new wells and continuing and expanding a war in the middle east is the solution {McCain } or push for alternative sources of energy { Obama } This is going to be the issue that Americans need to decide on in the next election.
|
Your comment on McCain is ridiculous and unfounded!
Top Three Reasons for High Oil Prices.
1. China
Investor's Business Daily: China's Oil Needs Keep Rising For Trucks, Industry, Stockpiles
*Notice the graph at the end
2. Speculation
Spot price - Wikipedia, the free encyclopedia
3. Supply and Demand
Future oil prices now lie in the hands of the Phoenix Mars Lander!!!
