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234 Comments
- IanG73, on 11/08/2008, -11/+144"Reasonable Range"? Are you ***** kidding me? Would you call $145/barrel reasonable? Why the hell did you let it get so high?
***** you, OPEC. You're nothing but filthy pieces of *****. You let oil get high, you bathed in the wealth, and now it's coming to bite you in the ass. ***** you, I'll stick to biking to school. - S5S5S5, on 11/09/2008, -3/+106I don't get it, the solution to this is very simple.
If a small group of countries are essentially embargoing oil to the rest of the world, then the rest of the world should embargo all exports to those countries.
You want wheat, cars, computers, give use oil and we'll talk. You want to put price floors on oil, fine, we'll put price floors on everything we sell to you. Watch how OPEC dissolves overnight. - nosecohn, on 11/09/2008, -2/+54Americans... don't get duped by OPEC. They've been manipulating the market for 30 years to keep prices just low enough so that we don't start developing alternate fuels. Don't let them trick us again. We MUST eliminate our dependance on foreign oil. It's an economic, environmental, and national security issue.
- badtiki, on 11/08/2008, -4/+56This is complete *****, and the people saying, oh higher prices are better because it will force alternatives are idiots. We are already on the road to alternatives - a bigger threat to alternatives is the poor economy, we are going to see more and more companies dropping their alternative fuel vehicle projects since they will not be able to afford the initial loss of revenue of such a project. Right now we need lower gas prices to help the American economy, the US is in a tail spin heading straight down and increasing oil/gas prices is like giving the passengers anvils as parachutes, yeah thats right I said anvils......
- badtiki, on 11/09/2008, -0/+41Bravo! The oil barons in the desert will learn really quick that you can't eat sand or drink oil - then they'll see whats really worth more....
- drex8, on 11/09/2008, -0/+34I remember that even not so long ago that gas used to be $25 a barrel. I wonder how these OPEC countries used to survive then.
- binky79, on 11/09/2008, -4/+34"a reasonable range is 'between $70 and $90 per barrel"
This wasn't the policy when we were pushing $150 a barrel. Greedy *****. - JustinNoland, on 11/09/2008, -0/+23Goddamnit, OPEC. Gas has hit $1.99 in the Portland, OR area (outlying, anyway), and I was getting used to fill-ups that cost me $30 and not $65.
- rubaaan, on 11/09/2008, -0/+23i love how opec feels like the market shouldnt affect them. ***** them.
- inactive, on 11/09/2008, -0/+19Looks like they killed he goose who laid the golden egg, keep squeezing *****! We'll just keep changing our lifestyles to consume less and less oil.
- antonio97b, on 11/09/2008, -5/+23yeah because oil is only used for drive to and from work. It's not like they use oil in plastics, or use it to transport goods or anything else.
Right?
I'm sorry, but I just can't get with the idea of wanting prices to go up to _force_ people do do something. I'm sure you would scream if someone twisted your arm to do something for the "greater good" if you didn't want to.
But since you agree with it that makes it okay to do to other people right? - robojerk, on 11/09/2008, -1/+19Dogbert Explains Hybrid Cars
http://i36.tinypic.com/34fl94j.jpg
I think people keep forgeting about how oil is sold globally and not just to the United States. You may be consuming less oil, but someone else is picking up your slack. - Khast, on 11/09/2008, -0/+17OPEC EPIC? (Organization of the Petroleum Exporting Countries Exploiting Petroleum Importing Countries)
- binky79, on 11/09/2008, -1/+16"a reasonable range is 'between $70 and $90 per barrel"
This wasn't the policy when we were pushing $150 a barrel. Greedy *****. - TheMachine1, on 11/09/2008, -2/+17OPEC
Organization of the Petroleum Exporting Countries
OPIC
Organization of the Petroleum Importing Countries
OPIC says we will use more CNG, plug-in hybrids, all electric, car pooling, public transport, biofuels, diesels and fight back you OPEC dicks! - SideShowMel0329, on 11/09/2008, -0/+15I see Digg is finally learning what a "cartel" is.
- AaronCo, on 11/09/2008, -0/+14If OPEC cuts supply 3 things will be pressured to happen...
1. Domestic drilling
2. More wars for oil
3. Alternative energy
None of those 3 options are good for OPEC countries. If we drill more, we force them to lower prices. More war means higher short term prices, but it also means some of those countries won't be countries at the end of everything. And viable alternative energy would completely put them out of business.
OPEC is just worried that the downturn is hurting their bottom line, so now they're jacking up their expected oil prices to compensate. But with the kind of demand destruction that happened last time around it's clear that Americans won't pay $4/gal, price is too inflexible beyond $3/gal. So nothing they do will end up forcing oil higher on the longer time frame.
They're in a losing position, and they know it. - Mujokan, on 11/09/2008, -1/+15Compact camels.
- MWeather, on 11/09/2008, -4/+16OPEC can survive without the US a lot longer than the US can survive without OPEC.
- Trekhawk, on 11/09/2008, -9/+21"Why the hell did you let it get so high?"
Speculators in the commodities market. - smacksaw, on 11/09/2008, -3/+15T Boone Pickens
He needs 10 billion to implement his plan. He needs one quarterly profit of Exxon to make it happen.
$10b doesn't seem like much to reduce demand on oil by 25%. So go ahead OPECkers - charge that much. Because if we develop our natural gas and use it for electricity, your oil will be lucky to be worth $30 a barrel. - Vhaeos, on 11/09/2008, -1/+12You're right. I should buy locally grown cup ramen.
- Mujokan, on 11/09/2008, -1/+12That's certainly one reason. OPEC maxed its output at the height of the oil price boom, so I can't see immediately how the price then could be their fault. Another factor was probably the general effects of the liquidity bubble. E.g. Americans were buying lots of Chinese goods on borrowed money, so the Chinese needed more oil.
- haikuFU, on 11/09/2008, -4/+14It's not like the price of our food is influenced by fuel prices either. Anyone who thinks high fuel prices are good is a ***** idiot.
- SilverBlade2k, on 11/09/2008, -0/+10Then we all starve or freeze..
Everything we do depends on oil. To say 'Just don't buy gas, plastic, or any other oil related product' is an extremely poorly thought out statement.
No oil -> no transportation of food -> No food. - LilRabbitFooFoo, on 11/09/2008, -1/+11I look forward to the day when we don't need to give one rat's ass about anything that happens in the Middle East. If it wasn't for oil, we wouldn't care.
Solar. Now. - CanaryMBurns, on 11/09/2008, -2/+12dicks
- sturmgiest, on 11/09/2008, -3/+12Computers arent manufactured at all in the US anymore. Some cars are manufactured here but none of them are exported to OPEC countries. And the wheat they could just get from China or the EU or India. The US doesn't export much anymore.
- masamunecyrus, on 11/09/2008, -2/+11@madfastride:
Go tell someone who doesn't live in a city to walk, bus, or bike to work and see how they react. - 4NDr01D, on 11/09/2008, -1/+10we export the biggest armed forces in the world
duh... - Chompy, on 11/09/2008, -4/+13Whoah there fellah, that's way too may syllables for some of the idiots in this thread. It's much easier for the mouth-breathers to hate on brown men in white turbans than to discuss all of the global factors that contribute to oil pricing.
- PeppermintPig, on 11/09/2008, -2/+11Well there is that whole Federal Reserve inflation thing going on. Compare barrels to other commodities with more stability and you might get an idea as to where the problem lies.
- secrity, on 11/09/2008, -0/+9The US economy is tightly coupled to the price of oil; whenever oil is unreasonably high, the US economy tanks. In happened in the 1970's too.
- MforMike, on 11/09/2008, -1/+8its not fair they demand higher prices when we really need the cheaper. If 70 is fair, why didnt they do anything when people couldnt even afford to drive anymore this past summer. If 70 is fair, why do they allow it to reach double that. Its only fair to them, and thats not fair at all.
- secrity, on 11/09/2008, -1/+8The election is over
The results are well known,
The choice of the people
Has clearly been shown
So lets get together
And make differences pass
I’ll hug your elephant
If you kiss my ass! - Khast, on 11/09/2008, -0/+7I don't think Gas Prices are the problem with Hummers and Yukons.... How else will the drivers be able to show off their huge dicks, if there isn't a magnifying glass around...so they compensate the difference.
- linagee, on 11/09/2008, -0/+7In a very small pile of gold. Now they've gotten spoiled by their very large pile of gold.
- mrfooby, on 11/09/2008, -0/+7i can't wait till the day we say ***** you and your oil. When that day comes they will be hurting. What else do they produce? They better start looking into alternative cash "crops" Opium doesn't count either
- Ruger11mcrdpi, on 11/09/2008, -0/+7Agree on need for alternative fuel.
That said, in the meantime, if EVERY American cut back just 10% on their oil usage we'd put a foot up OPEC's ***!!!
I traded my 13mpg truck for a 29mpg honda civic... Swapped all my lightbulbs for low energy ones, turn off everything before I leave the house and bought a road bike for my commute 3x a week. I'm using right now about 1/4-1/3 the gasoline I used four months ago, so suck it OPEC!!!! - HotSaucePanCake, on 11/09/2008, -2/+8Anyone with half a brain realizes that cheap fuel allows truckers to stay on the road and allows prices to fall on goods across the board. This is the only real thing helping the economy right now.
- Naieve, on 11/09/2008, -0/+6Actually the US gets more oil from Canada and Venezuela.
It's the EU that can't survive without OPEC. - WildBil, on 11/09/2008, -1/+7So at what price level do we just drop neutron bombs and wait a few years to recover the oil?
- jackdaniels06, on 11/09/2008, -0/+6Solar, wind, and geothermal.
- ByteGuerilla, on 11/09/2008, -0/+6"Everything is worth what its purchaser will pay for it." - Publilius Syrus
- Wyattx17, on 11/09/2008, -0/+6It's 2.09 here in Stockton, CA. Not bad considering all the taxes we pay on our gas.
- KMartSheriff, on 11/09/2008, -0/+6@bogels:
Your brain has no reading skills either. - KMartSheriff, on 11/09/2008, -0/+5It's like $2.40 here in SoCal. Knew it wouldn't last though :(
- MWeather, on 11/09/2008, -0/+5"The oil boom is over and will not return... All of us must get used to a different lifestyle." - King Abdullah bin Abdul Aziz Al Saud 1998
- inactive, on 11/09/2008, -0/+5"American car manufacturers sell high MPG cars in Europe that they can't legally sell in the US."
Let me help you
"American car manufacturers sell high MPG cars in Europe that they chose not to sell in the US."
There, thats more accurate -
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