Rising price of oil should anger us all

Full story: Lowell Sun 12
When is the government going to figure out the American public is outraged at the state of this country? Every day the news is showing us the dire state the housing market is in, how much the price of oil has ... Full Story
Blame Game

Lincoln, MA

#1 Mar 31, 2008
We refuse to allow big oil to drill for new sources in Alaska and many areas of the gulf.

We don't allow them to build new refineries.

Then in the name of the environment we make gas and diesel fuel meet very stringent standards adding untold costs.

We mandate ethanol be 10% of a gallon of gas causing farmers to switch from traditional crops such as wheat to corn, which used to go for livestock feed. Ther result is higher prices for the gas as well as the other crops.

Here in Mass. the Governor wants to mandate the use of biofuels when we have learned that their use cause more problems that they fix.

We send our jobs offshore to India and China giving the workers disposable income which of course they will use to buy cars and motorcycles, requiring they import oil from the same source that we use. In finance 1010 you learn about the law of supply and demand.

And you don't understand why the prices are so high?

Even though I am not a supporter of excessive CEO pay especially when it is not earned. re: Home Depot and now Countrywide CEO bonus pay for failure. I doubt executive pay is a significant percentage of the cost of big oil doing business.
Money honey

Dracut, MA

#2 Mar 31, 2008
Rising price of oil should not anger anyone. If market price increases, then the consumer will be required to compensate to maintain the similar lifestyle. Either work more, work harder, or work smarter. It's simple. No need to get angry about it. Or you can invest in the big oil companies, they are paying excellent dividends.
Mikehilo

Boston, MA

#3 Mar 31, 2008
answer: the U.S. government
Tony

Marlborough, MA

#4 Mar 31, 2008
In the 70's I remember the Truckers(18 wheelers) blocked Penn. Ave.Wash. D.C. to protest the cost of gas/diesel back then. It worked for a while. Now with diesel over $4/gal. they should probably do the same and we should join them. It's been over 30 years and neither party in power has done much with the price of oil. It's going to take some kind a major protest again to get the government to listen to us again.
Tony

Marlborough, MA

#5 Mar 31, 2008
Just saw on wbztv.com that there is such a strike tomorrow. To add to that the truckers that will be out there tomorrow will be driving especially slowin protest of the high diesel prices. There is a site in the article that links you to overtimetruckers.com
Trying to make sense

Bothell, WA

#6 Apr 1, 2008
Money honey wrote:
Rising price of oil should not anger anyone. If market price increases, then the consumer will be required to compensate to maintain the similar lifestyle. Either work more, work harder, or work smarter. It's simple. No need to get angry about it. Or you can invest in the big oil companies, they are paying excellent dividends.
'Cmon Money Honey, Think it through!!
Your "suggestion" and advice has already been in place by the middle class for some time now. Your "ideas" are so old now that you sound like you just crawled out from the cave and are seeing this mess for the first time!!!
"No need to get mad"??
"It'simple"??
Get a grip! The wealthy,-(who are the ONLY ones reaping the benefit from all this), are raking in soooo much MORE wealth that their greatgreatgreat grandchildren couldn't spent it all in their respective lifetimes!

Inverst in big oil companies?
-WITH WHAT? The money I was gonna use to buy the loaf of bread I've had my eye on?? Your comments and attitude about the matter would have been fine in the year 2000. It's a little late for 2008!

“Uncommon Sense”

Since: Jan 08

Westford Mass

#7 Apr 1, 2008
Oil prices are based on supply and demand and when the government gets involved with mandates it drives up the costs more. If the government gets involved in the pricing--you will have gas lines again. Chris Dodd in suggesting during one of the debates limiting the price of oil to $40/barrel showed his complete ignorance of normal economics. Oil will come down--it is fueled now by a speculative bubble that will burst just as the home prices and stock market bubble burst. Oil company stocks are part of all pension plans and retirement plans so while the price hurts it is benefitting most Americans in the long run. And the government takes a much bigger bite out of each tankful than Exxon does. If we started a recession in January the demand will come down and so will the price.
Money honey

Dracut, MA

#8 Apr 1, 2008
My loaf of bread.

“Uncommon Sense”

Since: Jan 08

Westford Mass

#9 Apr 1, 2008
Blame Game wrote:
We refuse to allow big oil to drill for new sources in Alaska and many areas of the gulf.
We don't allow them to build new refineries.
Then in the name of the environment we make gas and diesel fuel meet very stringent standards adding untold costs.
We mandate ethanol be 10% of a gallon of gas causing farmers to switch from traditional crops such as wheat to corn, which used to go for livestock feed. Ther result is higher prices for the gas as well as the other crops.
Here in Mass. the Governor wants to mandate the use of biofuels when we have learned that their use cause more problems that they fix.
We send our jobs offshore to India and China giving the workers disposable income which of course they will use to buy cars and motorcycles, requiring they import oil from the same source that we use. In finance 1010 you learn about the law of supply and demand.
And you don't understand why the prices are so high?
Even though I am not a supporter of excessive CEO pay especially when it is not earned. re: Home Depot and now Countrywide CEO bonus pay for failure. I doubt executive pay is a significant percentage of the cost of big oil doing business.
Well said. Also remember that environmentalists stopped the building of nukes as an alternative source of energy. There is no negotiation with the far left on this. A comprehensive energy plan would include conservation but also environmentally sensitive drilling, new refineries, nukes, Cape Wind, cleaner coal, oil shale. It is for our security. But these far left environmentalists have a good business going and have too many politicians in their pockets to ever compromise for the security of America.
Billerica Native

Jamaica Plain, MA

#10 Apr 2, 2008
Great writers here. There are some of us that get it. Oil companies are in business for $$ just like every other company. How many of the complainers are cheering when their 401k has a great quarter thanks to oil returns. Answer: All of them. You have choices. You want a hybrid, go get one, but the zinc used in those batteries is mined. And what do you think digs into those mines, that's right, diesel powered machines. Burning oil. The best thing the gov't can do is stay the hell out of it. Let the free market determine the price. The NIMBY crowd wants no refineries, no wind off the Cape, no nuclear, but still want to have cheap gas for their Chev Yukon.
Tony

Marlborough, MA

#11 Apr 2, 2008
Congressman Ed Markey who grilled the oil company execs on Capitol Hill who is opposed to wind farms off the Cape. Go figure.
lowering the bar

North Brookfield, MA

#12 Apr 2, 2008
Tony wrote:
Congressman Ed Markey who grilled the oil company execs on Capitol Hill who is opposed to wind farms off the Cape. Go figure.
You know who's pocket THEY are in

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