why are oil prices so high?

[thx1138]

http://www.counterpunch.org/roberts06112008.html :(

[thx1138]

http://www.rense.com/general82/manip.htm

[hippifried]

why are oil prices so high?

Because it's become obvious that you'll pay it.

[thx1138]

I could tell you but then I'd have to charge you for the analysis.

[thx1138]

ok, here's the short answer: http://www.theinternationalforecaster.com/International_Forecaster_Weekly/The_Formula_For_Hyperstagflation another link to show the rate of money creation is out of control: http://www.nowandfutures.com/key_stats.html

[DSpar]

The better question is what steps can we take to fix it?

[thx1138]

Nationalize the oil companies. Shrink the money supply. Stop threatening Iran.

[hippifried]

The better question is what steps can we take to fix it?
There's no fixing it. The whole world has been on a mad dash for decades to burn up all the oil on the planet as fast as possible. We're getting there. All this "supply side" thinking is just going to burn it up faster. The price isn't going to go down. As oil gets harder to get out of the ground, the price of petroleum fuels will steadily climb. As oil runs out, the price of petroleum fuels will steadily climb.

The only "fix" is to concentrate on the demand side & stop burning oil. At least slow down the rate. The way we're going, our grandchildren won't even have access to oil at all. There's other ways to create energy, but nobody's going to do anything about it as long as the oil companies have the control they do. The only way to break that control is to decrease the demand.

By the way: If you do the math, the price of gasoline isn't all that much higher than it was back in the '60s, when you adjust for all the rest of the inflation. But maybe all this current panic will get people off their asses.

[ezed]

Maybe this :?:
http://youtube.com/watch?v=UOpcPfAarjY

[hippifried]

Gingrich?
Oh yeah, that's right. The republican plan for energy independence. :lol:
:deadhorse

[thx1138]

Sen Graham's plan: flip flop: http://www.crooksandliars.com/2008/06/22/meet-the-press-graham-flip-flops-on-off-shore-drilling-biden-youre-entitled-to-your-own-opinion-not-your-own-facts/#comments

[thx1138]

http://www.rense.com:80/general63/astson.htm

[thx1138]

http://www.iht.com/articles/2008/06/18/business/ships.php