Possible reason for High Gas Prices?

[KillerK]

http://green.yahoo.com/news/ap/20080...pan_honda.html

270-miles per tank with hydrogen consumption equivalent to 74 miles per gallon


Could it be they knew this sort of shit is coming and want to cash in while they still can?

[smax]

No the reason for high gas prices is simple supply and demand, stop tying to find silly conspiracy theories when the answer is right in plain sight.

[DirtyProfits]

I don't care I use my bike 99% of the time.

[Brad]

Originally Posted by smax

No the reason for high gas prices is simple supply and demand, stop tying to find silly conspiracy theories when the answer is right in plain sight.

Actually the reason people are pissed is because the supply and demand model is not the reason that the prices are going up. It is because thy are speculating where the price per barrel will be in a month or 6 months or a year. they are well under the max production of oil around the world.

[ThunderBalls]

Originally Posted by smax

No the reason for high gas prices is simple supply and demand, stop tying to find silly conspiracy theories when the answer is right in plain sight.

Supply and demand my ass. There's not 4x the demand there was 10 years ago.

[spacedog]

Oil companies are only paying $28 per barrel for crude drilled in USA..
GREED + politics is the reason prices are so high

Latest projection I've heard is $6+ per gallon by labor day

[smax]

Originally Posted by ThunderBalls

Supply and demand my ass. There's not 4x the demand there was 10 years ago.

The hell there isn't, and the supply of available oil is less then it was 10 years ago, now add to it that the Chinese and Indian governments subsidize gas prices for their citizens so they don't feel the brunt of prices which turn makes them have no desire to conserve.

Originally Posted by spacedog

Oil companies are only paying $28 per barrel for crude drilled in USA..
GREED + politics is the reason prices are so high

$28 a barrel is bs, as stated above speculation is big reason why prices are skyrocketing but if oil was flowing like water (huge supply) it wouldn't matter what the Iranians or anyone else in the ME did.

Why the US wont open up Anwar, the east Gulf of Mexico and parts of California is beyond me

[spacedog]

Originally Posted by smax

$28 a barrel is bs

LOL.. it's fact.. I recently read a post on another forum in last couple days where the poster was telling how a relative whom owns land leases to the oil companies whom only pay the land owner $28 per barrel and that they're drilling and filling 72 barrels per day just from this one parcel of land..


This is what the companies are paying for oil drilled on private property.. the amount paid for oil drilled on government owned land is far much lower.

Selling prices are based on OPEC

[smax]

Originally Posted by spacedog

LOL.. it's fact.. I recently read a post on another forum in last couple days where the poster was telling how a relative whom owns land leases to the oil companies whom only pay the land owner $28 per barrel and that they're drilling and filling 72 barrels per day just from this one parcel of land..


This is what the companies are paying for oil drilled on private property.. the amount paid for oil drilled on government owned land is far much lower.

Selling prices are based on OPEC

That doesn't really mean anything because what he is paid is determined on how his lease was negotiated.

This what my family does for living and has for the past 70 years in Texas so, I can assure you he is either full of shit or a classic example of economic Darwinism.