Monday, March 3, 2008

Why is gasoline prices are ridiculous high?

This article explains what causes oil price to go up. In 1980, a barrel of oil was $38, but today, Monday, is $103.95. I think OPEC (Organization of Petroleum Exporting Countries) is not pumping enough oil to feed the world. The United States need to find alternative ways to produce oil that would lead to lower gasoline price.

http://biz.yahoo.com/ap/080303/oil_prices.html

1 comment:

EPluribusUnum said...

Here is something to think about. You have a pie all for your self. Its a great thing. However, you are a great guy/gal and have a (opposite sex) partner and want to share. Now you share your whole pie with that person. Great! You have company and are sharing.

Later you decide to have a family. Like the typical American you have 2.4 kids. Lets say 2 for ease of figuring. Now that whole pie for your self is down to a quarter.

Or if you are in a poor uneducated nation and have 8 kids that quarter of a pie is down to a tenth.

So, whats the point. We have a limited amount of resources. However, some have not realized this and continue to use them at an alarming rate as well want to have large families. Further dividing up this pie.

In the end: conserve what you are using and have smaller families. Whats so hard to understand?

Demand will level off, supply will remain the same, and then price will level off. Its the old supply demand thing.

This "issue" is happening around the world. Use of resources: land, water, oil, power, etc.

If this is to hard for you to understand vote democrat they will fix all the problems.

These words are my own.