gas prices, take 2 Options

[scotty914]

okay with the hurrican i have been watching a lot of fox news. according to opec they will pump more oil to help. here is the crazy part opec is going to hold a meeting next month to figure out why gas prices are as high as they are, they stated the opec pumps and sells the oil at 12 per barrel.

so who ever is buying the oil at 12 per barrel is marking it up to a current price of 67 a barrel, i wonder if this is along the lines of enron, artificially marking up the oil.

i have read a few things lately about oil wells, some thing like 70 % of the wells that were dry 10 to 20 years ago now have oil in them again, and but that they mean full flow pumping, not partial.

right now there is a 55 billion gallon oil surpluse ( just heard it ) in storage in this country.

[scotty914]

okay, i dont see some of the crap over seas as being the problem, opec sells the gas to who ever can buy it for 12 a barrel, so opec does not make that much, compaired to the price here. so who marks it up, not opec.

also i have read a bunch of stuff about the wells filling back up after 10 to 20 years, so it might not be a finite of a resource as we have been told.

now lets take texas, go drive thru that state and you will see a lot of wells shut off, they say it is because it costs more to get the oil out of the ground than its worth (IMG:http://www.914world.com/bbs2/html/emoticons/bs.gif) , if they can pump it and sell it for 12 a barrel in the middle east, why not here, lets say the labor costs twice as much, that still does not make it cost 67 a barrel. i would bet the texas pumps are shut off so they can get more for the ones they have running. and why use up thier oil if they dont have to.

as for demand i believe that is bull too, if that was true then thier would be shortages.

its is as simple as they will just keep inflating prices and blaming it on other stuff ( hurricans, terroists ) until they see a drop in use, which they wont.

the news today said that a lot of people in the country now are starting to cut back on other stuff so they can afford to go to work. they are finding a lot of single parent families are not doing vactions and not buying thier kids new cloths for the school year because they spent the extra money on gas over the last year.

i would be a fan on a wider sweeping gas guzzler tax and to lower the tax for normal cars, i mean the hummer 2 gets 8 mpg, and they lied about it and said it 12 so it would not have a guzzler tax, make it so real world testing determins it.

i pay about 50 cents per gallon tax on gas in maryland, and thats just to the state