Comments on: Who’s to blame for $4 gas http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/ CNNMoney.com Talkback Tue, 24 Nov 2009 15:32:36 +0000 http://wordpress.com/ hourly 1 By: Dave G http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-46079 Dave G Wed, 21 Oct 2009 11:03:00 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-46079 One word: Greed. Opportunism created a monster, and the rest of us are held hostage. Lots of excuses are being used, such as political failures, "supply and demand", etc. The real culprit is runaway greed and anyone who knows human nature knows this. No more snow jobs, please. One word:

Greed.

Opportunism created a monster, and the rest of us are held hostage. Lots of excuses are being used, such as political failures, “supply and demand”, etc.

The real culprit is runaway greed and anyone who knows human nature knows this.

No more snow jobs, please.

]]> By: Robert E, Johnson City, TN http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-22093 Robert E, Johnson City, TN Mon, 22 Sep 2008 19:06:20 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-22093 When I first purchased my truck in 1999, gas was 80 cents per gallon. Now gas is $4 per gallon. While I agree that demand has increased over the last 10 years, I can't swallow the suggestion that this alone is accounting for the 500% increase. I believe that the huge profits are being invested into research for the new forms of energy that we are being told about. We know that we will not be able to burn fossil fuels forever, but if consumers will be paying the bills for research (and we know that we will), why not just tell us that instead of blaming high demand for the rising prices? When I first purchased my truck in 1999, gas was 80 cents per gallon. Now gas is $4 per gallon. While I agree that demand has increased over the last 10 years, I can’t swallow the suggestion that this alone is accounting for the 500% increase. I believe that the huge profits are being invested into research for the new forms of energy that we are being told about. We know that we will not be able to burn fossil fuels forever, but if consumers will be paying the bills for research (and we know that we will), why not just tell us that instead of blaming high demand for the rising prices?

]]> By: Joey Debity Madisonville, Tn http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-19426 Joey Debity Madisonville, Tn Wed, 17 Sep 2008 01:04:19 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-19426 All of these points make it a little more clear why it costs me and my family so much at the pump. The big oil companies are taking advantage of the situation a little, but they are in the business to make money. I think fear is the biggest reason for the most recent rise. People are afraid that the prices will go even higher so they actually use more gas. They fill up so they can be thankful they have a full take when the big jumps happen. What they are doing is lowering the supply and essentially raising the prices on themselves. The price increases were a little much though, I think there has been a lot of price gouging especially in the south and Ike was a convenient excuse. All of these points make it a little more clear why it costs me and my family so much at the pump. The big oil companies are taking advantage of the situation a little, but they are in the business to make money. I think fear is the biggest reason for the most recent rise. People are afraid that the prices will go even higher so they actually use more gas. They fill up so they can be thankful they have a full take when the big jumps happen. What they are doing is lowering the supply and essentially raising the prices on themselves. The price increases were a little much though, I think there has been a lot of price gouging especially in the south and Ike was a convenient excuse.

]]> By: Mark Toth Lakeville,MN http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-19308 Mark Toth Lakeville,MN Sat, 13 Sep 2008 16:56:44 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-19308 A combination of green versus traditional should be our immediate goal. Down the road, dependance on oil will fade. Right now, many alternatives are flooding the market. These alternatives, along with changing our lifestyles, will work itself out. There must be patience. It will not happen over night. A nice alternative I have found is http://www.emotionebikes.com/ A combination of green versus traditional should be our immediate goal. Down the road, dependance on oil will fade. Right now, many alternatives are flooding the market. These alternatives, along with changing our lifestyles, will work itself out. There must be patience.
It will not happen over night.
A nice alternative I have found is http://www.emotionebikes.com/

]]> By: Mike T Apache Junction AZ http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-17966 Mike T Apache Junction AZ Thu, 07 Aug 2008 02:14:58 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-17966 Democrats blocking us from drilling and making more refineries from pressure by the tree huggers are going to make this country collapse. I understand all the problems that pertain to this, but if there is no bridge until we become more green, this country will collapse like Russia. Good job Democraps! We need to block our borders (more people, more demand), have the govt create laws from shelving environmentally friendly technology by big business and concentrate all efforts on becoming less oil dependant. Democrats blocking us from drilling and making more refineries from pressure by the tree huggers are going to make this country collapse. I understand all the problems that pertain to this, but if there is no bridge until we become more green, this country will collapse like Russia. Good job Democraps! We need to block our borders (more people, more demand), have the govt create laws from shelving environmentally friendly technology by big business and concentrate all efforts on becoming less oil dependant.

]]> By: Carrie H Anchorage Ak http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-17912 Carrie H Anchorage Ak Mon, 04 Aug 2008 01:40:43 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-17912 when you go to the gas pump put up a sticker that tell how much you senators and reps are worht to oil and gas put it next to the final price, its an election year take control when you go to the gas pump put up a sticker that tell how much you senators and reps are worht to oil and gas put it next to the final price, its an election year take control

]]> By: mike ocala florida http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-16457 mike ocala florida Tue, 27 May 2008 22:45:24 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-16457 everyone needs to say home for a day!then gas will be cheaper everyone needs to say home for a day!then gas will be cheaper

]]> By: Jim Kane, Pennsylvania http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-16451 Jim Kane, Pennsylvania Tue, 27 May 2008 21:58:36 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-16451 The problem lies with unregulated oil companies. Every day we hear a new excuse concerning the price of oil(one "expert" has partially blamed fog in the Gulf of Mexico for the most recent spike). The truth is that the companies know just how profitable the energy industry has become. Since nearly all of our congressmen are bought off by oil companies, there is never a voice to come in and say, "Hey, this has gone far enough." The answer to this huge problem is alternative, affordable energy(such as hydrogen). Since people in our government are making so much money off the oil industry today, there is no push to go away from oil. We put a man on the moon in less than a decade, because our government supported and invested in the project. Why can't we take this step as well? Let's strive for the betterment of humanity, not the betterment of a bank account. The problem lies with unregulated oil companies. Every day we hear a new excuse concerning the price of oil(one “expert” has partially blamed fog in the Gulf of Mexico for the most recent spike).

The truth is that the companies know just how profitable the energy industry has become. Since nearly all of our congressmen are bought off by oil companies, there is never a voice to come in and say, “Hey, this has gone far enough.”

The answer to this huge problem is alternative, affordable energy(such as hydrogen). Since people in our government are making so much money off the oil industry today, there is no push to go away from oil.

We put a man on the moon in less than a decade, because our government supported and invested in the project. Why can’t we take this step as well? Let’s strive for the betterment of humanity, not the betterment of a bank account.

]]> By: Roger - Rochester, NY http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-16442 Roger - Rochester, NY Tue, 27 May 2008 21:37:30 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-16442 Greed, pure and simple Greed, pure and simple

]]> By: Joe Helen, Dallas TX http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-16440 Joe Helen, Dallas TX Tue, 27 May 2008 21:32:07 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-16440 I will be first to admit that I don't know all the details of what makes the gas price, but to hear the Big Oil company say they are doing everything they can isn't accurate one bit. Ever notice how fast gas price increase when the price of oil increase but how slow it comes back down when the price of oil drops? If the market and price of oil is going to dictate how much we pay at the pump, then at least keep change in price consistent. I will be first to admit that I don’t know all the details of what makes the gas price, but to hear the Big Oil company say they are doing everything they can isn’t accurate one bit. Ever notice how fast gas price increase when the price of oil increase but how slow it comes back down when the price of oil drops? If the market and price of oil is going to dictate how much we pay at the pump, then at least keep change in price consistent.

]]> By: Josh Atlanta, GA http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-16436 Josh Atlanta, GA Tue, 27 May 2008 21:22:54 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-16436 The biggest ripoff to the american people. Greedy companies, cupply and demand, whatever you call it, its still a ripoff to us all. The biggest ripoff to the american people. Greedy companies, cupply and demand, whatever you call it, its still a ripoff to us all.

]]> By: Mike Koetting-Chicago IL http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-16312 Mike Koetting-Chicago IL Tue, 27 May 2008 17:37:11 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-16312 Has the thought that we are under the perfect terrrorist attack ever crossed our government's minds? What better way to ensure the demise of the United States than with oil? Has the thought that we are under the perfect terrrorist attack ever crossed our government’s minds?
What better way to ensure the demise of the United States than with oil?

]]> By: Emanuel Atencio, Pembroke Pines, FL http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-16272 Emanuel Atencio, Pembroke Pines, FL Tue, 27 May 2008 16:40:50 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-16272 This is very easy to explain. You don't have to be a scientist to know that oil is a natural resource. And natural resources, well run out. Scientist have predicted that oil will run out in about 30-40 years at the rate the world uses it. Why else would America need so much "reserve". Clear and simple they are tring to get all their money's worth before the "precious" runs out. Just my 2 Cents. This is very easy to explain. You don’t have to be a scientist to know that oil is a natural resource. And natural resources, well run out. Scientist have predicted that oil will run out in about 30-40 years at the rate the world uses it. Why else would America need so much “reserve”. Clear and simple they are tring to get all their money’s worth before the “precious” runs out. Just my 2 Cents.

]]> By: Kevin, Merrick, NY http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-16241 Kevin, Merrick, NY Tue, 27 May 2008 16:02:17 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-16241 Gas prices are so high because countries like India and China are bursting onto the economic scene demanding more fuel. You have to remember these countries have populations in the billions. So with the rising demand and stagnant supply, we have high prices. Very simple principals of economics. Our very own government should be allowing the private oil companies to drill in our own hemisphere so we can become more self-sufficient in the long term. The longer Democrats in Congress restrict us in this regard, the more we as consumers will suffer both at the pump and at the grocery stores and beyond. Gas prices are so high because countries like India and China are bursting onto the economic scene demanding more fuel. You have to remember these countries have populations in the billions. So with the rising demand and stagnant supply, we have high prices. Very simple principals of economics.

Our very own government should be allowing the private oil companies to drill in our own hemisphere so we can become more self-sufficient in the long term. The longer Democrats in Congress restrict us in this regard, the more we as consumers will suffer both at the pump and at the grocery stores and beyond.

]]> By: Garrett, Iowa City Iowa http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-16216 Garrett, Iowa City Iowa Tue, 27 May 2008 14:47:10 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-16216 Interesting however the real culprit is inflation. Compare oil to any other commodity, when everything goes up its called inflation. You can still buy the same number of gallons of gas, or barrels of oil with Gold and Silver coinage. yep by printing more and more money the dollars in your pocket are worth less. Interesting however the real culprit is inflation. Compare oil to any other commodity, when everything goes up its called inflation. You can still buy the same number of gallons of gas, or barrels of oil with Gold and Silver coinage. yep by printing more and more money the dollars in your pocket are worth less.

]]> By: Damien, Houston TX http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-16215 Damien, Houston TX Tue, 27 May 2008 14:30:16 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-16215 Don't worry people...as soon as we take over Iraq, we'll have plenty of oil and way cheaper gas. Most likely the planet will be half dead by then due to global warming but hey...look on the brightside, at least you'll be paying 75 cent a gallon gas again! Heeeey! :) Don’t worry people…as soon as we take over Iraq, we’ll have plenty of oil and way cheaper gas. Most likely the planet will be half dead by then due to global warming but hey…look on the brightside, at least you’ll be paying 75 cent a gallon gas again! Heeeey! :)

]]> By: jgraziani Lake Mary, FL http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-16213 jgraziani Lake Mary, FL Tue, 27 May 2008 14:09:16 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-16213 Your story totally missed the economic situation in the US. Oil is traded globally in US dollars so when the dollar weakens the price skyrockets. This is, in part, more fallout from the mortgage crises. Your story totally missed the economic situation in the US. Oil is traded globally in US dollars so when the dollar weakens the price skyrockets. This is, in part, more fallout from the mortgage crises.

]]> By: Doug Raleigh NC http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-16209 Doug Raleigh NC Tue, 27 May 2008 13:51:05 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-16209 Congress' Drilling ban enough said thank you EPA and tree huggers for that one Congress’ Drilling ban enough said thank you EPA and tree huggers for that one

]]> By: Don Owens, Denver, Colorado http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-16207 Don Owens, Denver, Colorado Tue, 27 May 2008 13:44:51 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-16207 When the US Congress bows at the altar of extremist environmentalism which consistently blocks production of our own resources the rise in the price of energy is inevitable. The next time you fill up... thank an environmentalist and a spineless congressman. When the US Congress bows at the altar of extremist environmentalism which consistently blocks production of our own resources the rise in the price of energy is inevitable. The next time you fill up… thank an environmentalist and a spineless congressman.

]]> By: Craig, Olympia, WA http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/05/20/whos-to-blame-for-4-gas/#comment-15920 Craig, Olympia, WA Thu, 22 May 2008 19:34:10 +0000 http://cnnmoneytalkback.wordpress.com/?p=96#comment-15920 Two words: Peak Oil. Google it, or check out these sites: http://en.wikipedia.org/wiki/Peak_oil http://energybulletin.net/primer.php There is not an infinite supply of the stuff, and we have past the peak of extraction (which the oil companies like to call 'production'). Expect prices to continue to rise.... Two words: Peak Oil.

Google it, or check out these sites:

http://en.wikipedia.org/wiki/Peak_oil
http://energybulletin.net/primer.php

There is not an infinite supply of the stuff, and we have past the peak of extraction (which the oil companies like to call ‘production’). Expect prices to continue to rise….

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