The public is being gouged...

[Subdivisions]

Those of you who believe this is the sum-total reason for price increases are woefully uninformed when it comes to the status of oil PRODUCTION. Oil is currently trading at ~$122.50 per barrel. If you believe it's because you're being gouged, then I pity you because 1)you're willfully being dry-boned and doing nothing about it, and 2)you don't believe there's a supply problem so you're doing nothing just in case there is.

Have it your way. After all, the American way of life is non-negotiable. And Iraq was, after all, about WMD.

[NightWatcher]

1. got any answers as to what we could do?

I'm fresh out of ideas myself. I already drive a car that gets 35-38 mpg (Go Corolla)

[unhappycamper]

5. Well,

were we to get out of Iraq, that $5,000 a second we're spending there could be applied to some serious research.

If we stop spending $355,000,000 for a single F-22 Raptor, that could be applied to some serious research.

If we stop spending $600,000,000 for an LCS ship, that could be applied to some serious research.

If we stop spending $239,000,000 for an F-35 Lightening, that could be applied to some serious research.

If we stop spending $1,000,000 for an MRAP, that could be applied to some serious research.

If we stop spending $2,500,000,000 for a Virginia class submarine, that could be applied to some serious research.

If we don't spend some of the $735,700,000,000 currently allocated to the military for 2009, that could be applied to some serious research.

If the military stops burning 1,200,000 barrels of oil a month, that could be applied to some serious research.


There's plenty more examples, but you get the idea.....

[The2ndWheel]

8. Ha! Answers...those elusive answers

You'll have to come up with those on your own. You'll have to get creative. You'll have to consider your particular circumstances, and see how far you're willing to go. When it comes to an issue like this one, there is no single answer, or even a group of answers that fits everyone. Looking for that single answer, or even that group of answers, is how we got here. Actual diversity might be an answer. Actual diversity also conflicts with everything that we've been building over the last few thousand years.

Good luck.

[The_Casual_Observer]

2. They've got the population believing that it's because it's about to run out

& there's nothing we can do about it.

[lostnotforgotten]

3. The Difference Between Oil Company Leases And Open Market Price

Is the reason for their huge profits.

Many of these leases where negotiated long before the supply of oil became tight.

Hence the oil companies benefit as the open market price rises.

[Name removed]

4. Deleted message

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[notesdev]

6. I agree

a good chunk of the price of oil is an instability premium. Why we don't take emergency action to limit our dependency on the most volatile areas of the world is beyond me.

[Name removed]

9. Deleted message

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[DAGDA56]

7. So the Bush solution; more refineries and drill offshore and in ANWAR

is correct? OK, but anything that guy says is a tough sell, don't you think?