Let's list the reasons for high oil prices ...

by **SoothSayer** » Mon 24 Apr 2006, 06:20:13

We are hearing all sorts of reasons for the high oil & fuel prices. Let's make a list of the "reasons" we have heard so far: I'll start with:
1. Hurricane damage to the USA's offshore rigs
2. The Iran-USA poltical tension.

Now it's your tune to add some more of these amazing valid "reasons" ...

by **Doly** » Mon 24 Apr 2006, 06:26:10

Both are logical reasons for the high prices, but assuming that there is no spare capacity left anywhere. If there was, little disruptions in supply would be compensated by Saudi Arabia opening a bit more the taps. What this is telling us is that the Saudis aren't opening the taps, either because they can't, they don't want to, or some combination of both (like, technically they could, at the risk of messing up their chances of recovering future oil, so they really don't want to).

by **killJOY** » Mon 24 Apr 2006, 06:29:47

3. Refinery "bottlenecks." (trans. too much heavy sour)

Assorted other "proximate" causes.

by **Shiraz** » Mon 24 Apr 2006, 06:37:10

a rarely mentioned reason for the current spike in crude (last two weeks) is the signal be the fed that it may stop raising rates soon. analysts suspect that this will boost US growth, which in turn may assist world growth, and that this may increase world crude demand.

by **Todric** » Mon 24 Apr 2006, 06:42:14

There is also "tank cleaning" and ethanol shortage that they blame the price of gas on. Not that there are any supply problems, nononono, don't be silly. :roll:

by MJ » Mon 24 Apr 2006, 06:44:09

1. Supply/demand problem, in particular huge demand from developing economies

2. Disruptions in Nigeria delta output due to rebel attacks

3. Attacks on facilities by insurgents in Iraq

4. Speculation on the markets

5. Protectionism in Venezuela and to a lesser extent in Russia

6. The lubrication of GWB asshole, providing access for the whole bunch of neocon hawks... at once [smilie=icon_evil.gif]

by **linlithgowoil** » Mon 24 Apr 2006, 07:04:25

all those rotten third/second world bastards who now want a piece of the industrialized pie. the greedy shits!

by **bobcousins** » Mon 24 Apr 2006, 07:12:03

I am surprised noone has mentioned price gouging, secret cartels, Bilderberg, Illuminati, and free energy technology derived from UFOs. Oh yeah, and the devaluation of the dollar due to the Fed printing billions of dollars.

None of the reasons given in the MSM are any less stupid than the reasons often presented in all seriousness here in these forums.

by **RonMN** » Mon 24 Apr 2006, 08:40:03

Since the discontinuation of the M3 (money supply) report they've been printing dollars like a madman.

Look at the price of EVERYTHING...copper, gold, silver, oil, gasoline, food, you name it.

I wonder what the "excuses" will be a month from now (?)

by **Barbara** » Mon 24 Apr 2006, 08:50:09

Too many refineries for sweet light.
Too much heavy sour for refineries.

by **Peak_Plus** » Mon 24 Apr 2006, 11:44:39

- Speculators
- Big Oil
- Did I say BIG OIL yet?
- Didn't you know that they can "produce" Saudi crude at $2 per barrel?
Greedy Bastards!

by **GrizzAdams** » Mon 24 Apr 2006, 12:31:55

The nut-cases in mainstream media are blaming democrats and enviromentalists for the high gas prices. Saying that the dems won't allow more refineries or oil expansion.
What is real scary about this, is that these news officials are supposed to be experts.

by **Geko45** » Mon 24 Apr 2006, 12:55:14

I heard something about a theory of world oil production 'peaking'. Does anyone know anything about that?

Seriously, the Democrats will blame Big Oil for price gouging and the Republicans will blame the Enviro-Weenies for blocking expansion and the whole rotten mess will go swirling down the drain.

:cry:

by **nth** » Mon 24 Apr 2006, 13:05:03

Government issues:
Iran nukes
Nigeria unrest
Venezuela Chavez restricting investments and increasing taxes and changing contractual terms for joint venture.
Russia capping on exports and increasing taxes, etc.
Kazikhstan demanding decrease in amount of gas flares.
US restrictions on ANWR and offshore drilling.
Germany refusing to explore North Sea territory or negotiate disputed territory with Netherlands and Denmark.
Indonesia dispute with oil exploitation example: Cepu with Exxon Mobil.
Sudan human rights issue.
Chad World Bank dispute over control of oil funds.
Angola human rights issue.
EU, US, and China Sulfur emmission rules

Economic issue:
Lack of spare capacity
Long lead times for contractors to repair or install refinery equipments
Long lead times for refinery equipments
More investment money pouring into oil market and taking real deliveries of oil and not just paper trade.
Not enough sour heavy oil refineries.
Pipeline bottlenecks
MTBE changing to Ethanol issue
Ethanol shortage due to high tariffs preventing imports.
Bio oil shortage due to high tariffs preventing imports.
Gasoline regulations differ in different state creating refinery shortage.
NIMBY preventing refineries from expanding and building more.
Demand increasing outstripping capability to increase production, even Saudi Arabia admits that oil demand is too high.
US imposes high tariffs on refined products preventing more under utilized foreign refiners from exporting to US.

On a side note, Saudi Arabia and Russia have doubled output compare to the 90's production number and yet demand exceeding supply.

by **nth** » Mon 24 Apr 2006, 13:11:08

$this->bbcode_second_pass_quote('RonMN', 'S')ince the discontinuation of the M3 (money supply) report they've been printing dollars like a madman.

Look at the price of EVERYTHING...copper, gold, silver, oil, gasoline, food, you name it.

I wonder what the "excuses" will be a month from now (?)

by **Daculling** » Mon 24 Apr 2006, 13:56:40

Well, from my arguments with a bunch of people on this thread...

Peak Oil disscussion

It's

1. The Arabs
2. The Price gouging oil companies

Read my argument and tell me where I'm going wrong here...

by **bobcousins** » Tue 25 Apr 2006, 07:14:24

$this->bbcode_second_pass_quote('Daculling', 'W')ell, from my arguments with a bunch of people on this thread...

Peak Oil disscussion

by **Doly** » Tue 25 Apr 2006, 07:45:09

$this->bbcode_second_pass_quote('bobcousins', 'O')PEC is mostly Arab countries, and they restrict supply to keep the price up.

by **Daculling** » Tue 25 Apr 2006, 09:21:50

$this->bbcode_second_pass_quote('bobcousins', '
')
I think its neat that the responses over there are the exact complement to the responses here. It confirms my theory of the Conservation of Everything.

by **gary_malcolm** » Tue 25 Apr 2006, 10:20:54

The dollar has recently hit new lows against the Yen and the Euro.

Look no further... our currency is worth a little less than last week and thus oil costs a few dollars more. Move along no peak to see here (unless you count the other $60/barrel beyond the first $14

G$

Let's list the reasons for high oil prices ...

Let's list the reasons for high oil prices ...

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