Speculation is that oil could rise to 200 dollars a barrel, at which point, gas at the pump would be in the 6 to 7 dollar per gallon range. Oil prices are starting to look like some kind of weird, economic, bubble.

HA HA

I didn't vote for them.

I'd like to thank the wonderful environmentalists who are insuring that we do not use our own oil all in the name of saving the earth. With China and India coming on board to demand oil the oil cartel is robbing us blind and no one, government or especially the environmentalists are doing anything to solve the problem. Instead of working with the government to insure the landscape is protected (and the technology to do so is available) they would rather spend their time and money tying us up in court while the average American sees his or her income dwindling because of the cost of food and transportation. Way to go guys. The good old American way - screw your neighbor as long as I get what I want. You know I think I'd rather have someone put a gun to my head and steal my money then to here government officials and environmentalists ring their hands and say, "There is nothing we can do."

Could some one please tell our Bush/Cheney administration to stop threatening oil producing nations.

There are many reasons for the huge increase in the price of crude but one of them is our threats to oil producing nations.

Such as "We can not rule out the use of force."

The oil analysts and the oil speculators simply use the term "Uncertainty in the political situation in the middle east" to justify the huge increass in the price of a barrel of oil.

Now our "Dear Leader" is threatening sanctions against Venezelula and guess what the price increases because of his actions. Again "uncertainty in the supply situation."

Am I the only one who sees the relationship between the administrations actions and price increases.

Do they have any personal motivtion for adding to the normal price increases in a barrel of crude.

There are many reasons for the price increases but this one we can can control.

Well I guess when gas is $8 a gallon and you all ride public transportation and take a warm shower once a week you might realise the errors of your ways in blindly supporting the two oil men in the administration.

I guess we need to offer congragulations to the speculators and profiteers who continue (without reason) to drive up the price of oil. There is no shortage of oil. We hear talk of short supplies and increasing demand; however every gas station has fuel and every car is able to be filled. Unfortualty the speculators continue their greedy indulgence while the rest of us suffer the consequences. At some point these tactics will destroy the world economy, but I guess that is of no concern to any one of those who are reaping the financial rewards. WE AS AMERICAN NEED TO STAND UP AND SAY ENOUGH. WE NEED TO TAKE A STAND BEFORE IT IS TO LATE.

When gas gets to be $8 a gallon this country will be at a complete standstill.

>>I didn't vote for them.<<

Who didn't you vote for? The Dems in Congress? Oil was 60 bucks two years ago when they took over Congress.

>>When gas gets to be $8 a gallon this country will be at a complete standstill.<<

That's what was being said thirty or so years ago when gas was a dollar and a half.

We are heading for a second major depression! My parents were teenagers during the first "Great Depression", having to make due with what you have ! Our culture has to stop being a disposable society, and with the gas prices keep going up and up, make no mistake, we will be heading for another Great Depression, only this time, the value of the U.S. Dollar will indeed be worthless, then we will have no choice but to combine our currency with other countries and form monetary union, just like Europe has already ! All thanks to the oil men in the administration, who really don't care, just as long as they are financially secure !

El Presidente is at the wedding of his daughter. Do not disturb him.

Eat cake. eat cake. eat cake.

Go Obama!!!

liberal larry is right, this is another in a long line of speculative bubbles. And Daren is partially correct in saying that speculators are helping to drive up the price. But you're not going to stop speculation and "greed" by preaching or government mandates against it. You have to go to the source of the bubbles: the Federal Reserve. It' impossible to do away with greed and speculation, but economic bubbles CAN be eliminated simply by doing away with the Federal Reserve and the practice of creating money out of thin air.

The major reason the price of oil keeps rising is the US dollar keeps decresing. This is common sense. Everytime the Fed lowers the interest rate it decreases the value of our dollar because there are less foreign investors investing based on the rates. Also Opec can charge whatever they want. Politicians wont let us drill in our own backyard. 85% of the US coastline is off limits for drilling. We have noone to blame but ourselves. We depend on countries who hate us for money ie) Venezuela.

History shows that Republicans are notorious for running the country into the ground, dividing the country ideologically and then the Democrats always bail the country out of the jam.

Neo-reds like wrz are really freaking out right now and are making almost no sense whatsoever in what they believe in.

Every station has gas and every car filled....
for now. And, even at this point, there's no reason to expect that you should be able to fill it for twenty bucks. Just because sufficient supplies still exist, doesn't mean that those fills aren't coming from oil that is a lot more expensive to develop.
And, are we Americans, or what. $8 gasoline is a challenge for us to rise up to, not a death knell to the nation. We can develop new technologies, and more importantly new attitudes towards our entitlement to cheap energy. We've some adaptations to make, and not everyone will make them smoothly. The hand of Darwinism at work.

I'm no Republican, but Democrats are not innocent when it comes to running the country into the ground, either. Remember Vietnam and stagflation? I think it's more accurate to say that government in general runs the country into the ground. Republican and Democrats are united in their goal of expanding government power and marginalizing the individual.

Oil prices are high because for years we have ignored an essential fact of the market. Oil, unlike air, is a finite product which means it has monetary value and growing more scarce now with the increasing global demand. Even the long term threat of decreasing supply affects market value. We are blaming the oil companies because we were shortsighted in failing to recognize sixty years ago that eventually we would have to find alternative energy sources. Government occupies itself with growing bigger and more intrusive in our lives while allowing us to drift into this present energy crisis. Prices may come down, but I doubt it. And drilling domestic drilling will do little to bring them down. Once domestic oil is out of the ground, the oil companies will demand the right to sell on the world market with the claim that oil is a world commodity and that confining domestic production to keep domestic prices down is creating an unsustainable artificial market. The solution now as it has been since oil was discovered is more long term sources of energy.

Hey, duped, get a clue. We are already drilling the living daylights out of everything in sight in Utah, and will doubtless soon drill ANWR. It won't make a scintilla of difference, when we import 60% of our oil.
We need to figure a new way out of this box. Your chanting of the mantra, "Drill, and all will be well", shows a lack of understanding of where we are, and what resources we have.