How to make money from $4 gas

High oil prices are good for increasing production. A well costs $4 million to develope pipelines cost $hundreasd of millions and refinereis $billions. America can produce more oil. The most promising oil fields in Eastern Montana and North Dakota would greatly increase world production. Pipelines are the biggest concern. Oil can not be shipped to market fast or cheap enough, if it can not be shipped because of piplines oilcompanies can not make profits drilling. Canada was able to turn Fort MacMurry and Estevan into centres of ecconomic growth. America could do the same with Sidney, MT and Williston, ND .

SAid perfectly on CNN themselves:

The spike in oil has a LOT to do with “the impact of the weak dollar, which makes dollar-traded commodities like oil less expensive for international investors to buy.”

And you can thank our government for the weak dollar.

And until the next president is in, who knows what will happen, because we don’t know who it will be. Dems prolly won’t be down with more drilling of prestine wilderness, Repubs basically say screw the earth, screw everyone as long as we make a dollar.

That’s not a rip or boast of any particular party – that just seems to be their stance on this particular issue.

We have a “commodity based” economy more than an “oil based” economy. Oil will never go down again because of significant increases in global demand. All of you seem to forget that we live in a global economy and instead insist on thinking you live in your own little world.

Oil is used to make gas. If oil prices are high, then gas prices are going to be high. If we try to use price controls, then the manufactures will just close down because they would not make any money. Remember the gas crisis in the 70’s??? It was not a supply or production capacity problem, it was that no one wanted to make any of their product because it was not worth it. Who runs a business at a loss?

If you try to artificially control the oil price at low levels, then oil companies will have no incentive to drill. If you try to artificially control the gas price at low levels, then refiners will have no incentive to make gas.

And! As everyone complains about oil subsidies, Congress just pass (and overturned a presidential veto on) a bill that gives billions of dollars in crop subsidies to farmers that are already making millions in profit. Corn and other crop prices have risen faster than oil has. Have you been to the grocery lately? I pay $50 more per week for groceries compared to 4 years earlier, but I only pay $10 more per week for gasoline in the same period. Why don’t we complain about farmers and tax them more too???

Get with it people. Learn how stuff works before you open your mouth.

Think about this—huge oil subsidy we pay $8 Billion per month for the Iraq War to keep the Middle East Oil flowing to the World Market. Our Nation is not the recipient of most of this oil, but if it were not on the Market we would be paying much more than the $130 per barrel.

Now lets look at what $8 Billion per month or $96 Billion per year could purchase here at home. We could build clean renewable alternative power plants, enough to generate 50,000 Megawatts, which would power 17.5 Million Homes. Yes, free electricity for 17,500,000 homes.

Take this and do it for 4 years and we can generate 200,000 Megawatts, enough to power 70 Million Homes, or 61% of all the 115.9 Million Homes in the USA, according to the 2000 Census.

Is this starting to make sense to you? Everyone in the USA could cut their home electric bill by 61%, if we spent the OIL SUBSIDY building clean renewable alternative power plants in our own Country, think of the jobs and economic stimulus this would have as well.

NOW YOU CAN HELP MAKE THIS HAPPEN, by becoming an informed and educated voter, and asking point blank of anyone seeking your vote —

“Do You Support The Oil Based Economy?”

If their answer is yes, do not vote for that person.

I am tired of the GOP trying to sell us DRILL IN ANWAR, according to the following Government website http://www.eia.doe.gov/neic/infosheets/petroleumproductsconsumption.html by cutting 60% of the vehicle usage and 50% of the diesel fuel usage by mandating 60% of autos be electric and building a MagLev train system to transport goods and materials, we would lower the daily consumption by 7.556 Million Barrels Per Day (.60 x 9.16 MBD + .5 x 4.12 MBD), approximately 1/3 of the daily total usage of petroleum.
Additionally, 7.556 MBD is 5.4 times as much as the estimated daily output from ANWAR of only 1.4 MBD. By the way the 10.4 Billion Barrels of oil in ANWAR would only cover the 13.15 Million Barrels of Imported oil for 2.17 years. Why spend all those millions on finding, drilling, building a pipeline, shipping, etc, when those millions can be spent on ending our dependence on oil.
The whole point of this matter is that our Country has run out of oil as a sustainable source of transportation fuel. WE USE MORE THAN WE HAVE AND MUST IMPORT IT FROM PLACES THAT DO NOT LIKE AND THAT OPPOSE OUR COUNTRY.
Therefore, the PRUDENT and AMERICAN thing to do is develop a new source or sources of ENERGY and become self sufficient in our needs.

We have an administration whose main players are in the oil business. I observe, business is good for them. We have lawmakers that have given perks to companies which have taken jobs to India, China and Mexico, boosting their economies and now they are doing quite well and competing for oil with us. We are dependent for oil on countries that know they have us over a barrel (haha,pun). We have numb citizens who are cowed into accepting any conditions thrust upon them without nary a protest. Many many factors are colliding to the detriment of those of us underlings who merely pay taxes and have no power over our own government. If people don’t wake up and make drastic changes, then the U.S. is on a major downhill slide. Proud to have NEVER voted for Bush!

This oil situation is the final dagger into the American Economy by the mid-eastern petroleum nations. The basis is that these oil rich countries, most of them, not friends of the Bush Administration, is to send a message to the American people. That messaage is, “here is your pay back for voting in George W. Bush.”

After the election and a new President takes charge, there could be a softening of that attitude, regardless who wins. As long as Mr. Bush is gone. The war on terror by Mr. Bush is looked upon as a war on the mid-east in general. Think about it.
What changed more in the past 7.5 years as much than the world’s growing negative view of the United States? The presidential election of 2004 was a serious mistake for this country. Even more of a mistake in 2000. History will record this say in the next 20 years. You can count on it.

Why don’t you blame CONGRESS? Congress will not let US drill for OUR own oil. Bush bashing won’t fill your tank. Calling your CONGRESS PERSON Telling them to permit drilling in ANWR, and within 100 miles of OUR coasts where there is PROVEN OIL, will.

J. Stephen Simon, executive vice president of Exxon Mobil Corp., said profits have been huge “in absolute terms” but must be viewed in the context of the massive scale of the industry.” He also said high earnings are needed “in the current up cycle” to pay for investments in the long term when profits will be down.

Dude, what can be more clear than he already said: They make as much money as they possibly can in the short term before their dudes leave WH. Then when Obama gets in WH, their profit will be down… Thanks a lot!! LOL

Just like everything else, oil is going to hit a peak, and come back down. Then, a whole lot of people that invested in oil at the peak will lose all their money, and the Fed will use our tax dollars to bail them out.

I think it’s funny how so many Americans can take their ‘luxuries’ for granted and really seem to know so little about WHY things are the way they are and how poorly our government manages finances… For one, the US subsidizes oil/gas prices which just gives everyone a false sense of security. Secondly, Bush (and many other oil-philic politicians) enable oil companies to succeed at everyone elses expense. But there ARE limits on how much they can ’subsidize’ and now it’s biting them in the butt… but will they take the blame? Of course not – and the general population doesn’t care how the gov manages money until it affects them directly like it is now… I wish people would just get a clue and stop whining.

Companies like Exxon are doing exactly what they’re IN BUSINESS to do – make money. I don’t hold them responsible for the rise in oil prices, or consider them bad because they’re making a profit off of the situation. They’re just keeping profitable and also competitive with others in their industry. If our government could manage money as well as Exxon does – we’d prolly be in a MUCH better economic position.

There are SOOO many belly-achers out there who refuse to learn about and understand the issues. Don’t people realize how GOOD we STILL have it compared to most other countries?!?!?!

This is all an orchestrated and organized ploy to take advantage of the very people that the leaders/capitalists have depended on to get elected. Of course, this blueprint only works if the country you plan to lead has a system in place that gives corporations more rights – but less responsibility – than the average citizen. Its also good to make sure that there is an active revolving door policy in the legislature that EVERYONE takes advantage of and thus will never end. Let’s call this country…America.

Step one: Make sure you come from a family that made its riches from a natural resource like oil.

Step two: Get elected by pandering to lower/middle class people by professing to be a Christian and assuring them that since you hate gays, that means you have the moral high ground.

Step three: To destabilize the supply of the natural resource that helped put your family through college, declare war on a sovereign nation filled with Muslims. They’re enemies of God anyway, so everyone that voted for you will go along with your plan. Especially if you tell them that God speaks to you directly.

Step four: Make sure that any of your cronies that leave positions within your administration take jobs at Fox News as consultants. This will make sure that no one questions your agenda to financially rape the American public.

Step five: Throw the American people a bone by acting sympathetic and holding cursory hearings before Congress where the oil companies get barely a slap on the wrist.

Step six: Laugh all the way to bank after you leave office.

Step seven (optional): Try to declare yourself emperor if you’re able. This might be hard unless you’ve already passed a law that allows fundamental rights to disappear in case the previous six steps fail.

Tip: Make sure people get on board by calling this law something like Patriot Act. This will make sure that anyone who doesn’t vote for it can be called a communist/extremist/coward later.

It is all about supply and demand. The U.S. needs to be drilling for oil the same way they are drilling for natural gas in the Barnett Shale here in Texas. There are at least 4 active drill sites within 1 mile of our home here in Tarrant County Texas. If they were drilling for oil in the U.S. the same way they are drilling for natural gas our energy crisis would be greatly reduced in a one to two year time frame. With the horizonal drilling abilities they now have they could go back into the old non producing wells and get lots more oil and gas in the same areas where the pockets of oil and gas have been depleted. Plus congress has stopped drilling in places we know their is lots of oil. Alaska, offshore California, and the Gulf of Mexico. Talk about 500 plus people not working in our best interest, take a close look at their voting records to see where part of the problem is. I do think they are doing some drilling in the Gulf however. Another thing we can do here in Texas is make it so we can get tax breaks for converting our cars and trucks over to burn natural gas for fuel. I for one would convert at least one of my two vehicles over if the price was right. Being retired I can set right here at home and wait this thing out if I have too. I feel lucky to like home best.

Oil prices up $2/day, every day? Sorry, don’t tell me that’s from China’s economy or sprawling suburbia. It’s a speculative bubble, plain and simple. And it’s irresponsible for Money to pump oil stocks as an investment, as they do in this article. At the massive increase in prices, oil may well top out at $150, a month or so from now. And where will the small-time investors be when the big boys get out all at once?

Let’s be honest…oil is plentiful and this runup is purely demand driven. Has anyone been denied gasoline anywhere in the US? Therefore, supply is not the issue. Exxon and others are looking out for their own company and shareholders, to the detriment of the entire country. We had the foresight not to allow China to buy Chevron (?) for national security reasons. Is this fleecing of the American consumer any less important? Exxon could easily absorb the price/barrel increases, not raise gas prices and still make a huge profit. I hope we have a cheap altrnative soon, as Exxon can drown in its oil!

Environmentalists have been opposing the overcomsumption of gasoline since the 1970’s. We have built a sprawling suburban civilization around cheap gas which had to run out someday. Future investment in high density area real estate will make money in the long run. But we are in serious trouble.

I say make sure you whole family and your neighbors vote for dems in Nov. if you really, really tired of this big oil squeezing. And don’t tell me this is “demand/supply”!!

Not going to burst at least until the end of the year… so BUY BUY !!!

Peak Oil has happened. Analysists wonder why Exxon does not spend more money to explore for oil. They already have and know there are no easy oil fields left. We have burned through half the world’s oil in 100 years and the other half is going to be gone in 25 years at today’s rate.

When only 15 years supply is left the super rich will realize that they need to protect the oil for their great grand children and that will mean $10,000 a gallon gas. Only the uber rich will have cars.