oil prices aren't getting higher because of people's greed so much as because increasing demand at the same time as stagnant supply worldwide.
As a commodity, oil is subject to being traded through free and open markets and therefore the more people want it (demand) the more it will cost.
From the 1800s until the 1990s or so it was just us, the Europeans, and the Japanese who were using it in large quantities. Since the 1990s, new and upcoming economies like China, India, and Brazil have begun using much more oil to power their growth.
Basically, there is a limited amount of the dinosaurs that keeled over and died 65 million years ago whose bones became oil over the millions of years since, and there is a quickly-growing amount people who want to use it. All the easy-and-cheap-to-find oil has been used, and the rest of it is hard and expensive to find and extract.
Because of this, though prices might spike up or down in the short-term, over the long-term prices are going and will continue to go up.
Sucks, huh?
If you want more info this is a good and short briefing about oil prices: http://edition.cnn.com/2008/TECH/science/05/13/Oilbriefing/index.html
So don't buy some college-know-it-all hippies' BS about how punishing the "evil corporations" will lead to lower gasoline prices. The only real way to lower gas prices is to use less oil, and the only way to use less oil is to find another way to power our cars, trucks, planes, etc.
Long story short, we need dependable alternative energy sources and we need them ASAP. Be the one to invent something and you'll be a very, very rich man. And if you're a member of that facebook group, do me a favor and tell the guys running it to do some research and figure out for themselves that they have their heads buried up their asses on this one for me.
Wow, someone else talking about supply and demand. I agree that much with you. I dont agree on the very limited oil thats left.
I have lived for a time in Montana, the amount of oil in North Dakota alone is more than the entire middle east. Plus the new fields they are finding in Montana, and Wyoming. Then Alaska, the Gulf Cost, the Great Lakes. The amount of oil in the ground in the United States is insane.
I support looking for other fuels. But, in the mean time, drill drill drill! build a refinery for the first time in 35 years! Burn coal in the power plants instead of oil. Go Nuclear!
The US has the oil, we are in fact selling oil to Japan because we are at refining capacity. We are selling perfectly good coal to Japan and other countries because we cant use it because of environmentalist.
We can be entirely energy independent with Oil and searching for better fuels and other sources.
Atleast you got the supply and demand part in your post. Thats a start. Even the Left Libs acknowledged it by saying we need to not add more to the Strategic Reserve! thats a step, but soooooo small. we use 22 million barrels a day, we only have been adding 70,000 a day to the reserves. literally, a drop in the barrel.
Yes someone who agrees. But the only problem with your idea of drilling for more oil is that environmentalists, like you said, would have a fit if we started to use coal and oil in America. But the whole idea about not buying form major companies will not work its supply and demand that is the main problem.
my friends tell me to run for congress.
i work in the environment and build wildlife habitat, create better water. yet, i have no problems with oil or other fossil fuels. because i know the global warming religion is not the truth.
i totally agree maybe you should. I'm a 15 year old from florida and my cousin is majoring in some sort of government issue having to deal with the environment and he got me into this stuff.
I am only 27, but what I would try and stress to people younger than me, don't believe everything people tell you. When you get to college, don't believe everything the professors tell you. Lots of people have their own agenda. Do your research. Read and understand the founding documents of this country. Understand what got us to today and how we can improve. Not how we can just get rid of everything this country has ever stood for, but how was can support and reflect what this country was built on.
Stay smart, stay involved and educate others
I think you are off to a good start at least with supply and demand, most people never get that.