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Thu 30 Apr, 2009 07:32 am
While most experts consider the time of low-priced oil has come, world oil prices (that fell down to the catastrophic level of $35 per barrel last August) has begun their instable, but very evident for everyone boost! Why? The reason of it lies in the fact that high oil prices are beneficial not only to oil producers, but also to those numerous US oil-and-gas producing companies, which are engaged in oil-and-gas making all over the world. And surely now, in the context of current low oil prices, these companies sustain great losses.
It seems to me the very oil price downturn has been initiated by US previous administration with the aim of recovering its fallen fortunes in conditions of current economic and financial crisis. But now, when the Bush and Chaney clans (that are actively engaged in US oil producing business) have left the White House, they will be able to do all possible in order to restore the high level of oil and gas prices, which is so necessary for real success of their lineal business! So It really makes sense to buy oil now while it stays cheap.
@Nancyr,
So you're recommending that we buy low and sell high?
@rosborne979,
rosborne979 wrote:
So you're recommending that we buy low and sell high?
interesting, I may want to try that.
@dyslexia,
dyslexia wrote:interesting, I may want to try that.
It's the simple ideas in life which people sometimes miss
@rosborne979,
Oil and gas making?
Too much garlic and onions.
High oil prices are a good thing for the country and the world-- of course getting there by raising taxes (where the extra money goes to help the American society rather than enrich oil company executives) is preferable.
The fact is the only way to reduce our dependence on foreign oil is by raising gas prices. When gas prices are high we conserve more, we buy and produce more efficient cars and we support research in to new energy saving technology.
Since high gas prices lower pollution and carbon emissions makes this a clear win.
Last year with $4 a gallon gas, people clearly started moving in the right direction. Public transportation use shot up, people started walking to the corner store and people even started carpooling. This would be a good starting point.
@ebrown p,
It would be possible for fuel prices to go too high, and too fast for the country to adapt to, but with that caveat, I agree completely.
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