Why register with the Steelers Fever Forums?
 • Intelligent and friendly discussions.
 • It's free and it's quick. Always.
 • Enter events in the forums calendar.
 • Very user friendly software.
 • Exclusive contests and giveaways.

 Donate to Steelers Fever, Click here
 Our 2014 Goal: $450.00 - To Date: $450.00 (100.00%)
 Home | Forums | Editorials | Shop | Tickets | Downloads | Contact Pittsburgh Steelers Forum Feed Not Just Fans. Hardcore Fans.

Go Back   Steelers Fever Forums > Miscellaneous > Locker Room


Steelers Fever Fan Shop

Doc's Sports Get FREE NFL Picks and College Football picks as well as Football Lines like live NFL Lines and updated NFL Power Rankings all at Doc's Sports Service.

Steelers

LOL

Reply
 
Thread Tools
Old 07-05-2008, 03:49 AM   #1
Preacher
Living Legend
 

Join Date: May 2010
Posts: 3,890
Member Number: 16327
Thanks: 0
Thanked 2 Times in 2 Posts
Default Who's to blame for oil prices? Check this out.

Saw this on another board... actually in a signature...

It fits the current oil problem.

Preacher is offline   Reply With Quote
Old 07-05-2008, 08:07 AM   #2
Galax Steeler
The Virginia Hillbilly
Supporter
 
Galax Steeler's Avatar
 

Join Date: Oct 2006
Location: Galax Va
Posts: 103,508
Gender: Male
Member Number: 3287
Thanks: 1,317
Thanked 3,717 Times in 1,572 Posts
My Mood: Lurking
Default Re: Who's to blame for oil prices? Check this out.

Sad part is that it is the truth.
__________________
Galax Steeler is offline   Reply With Quote
Old 07-05-2008, 10:03 AM   #3
revefsreleets
Living Legend
 
revefsreleets's Avatar
 

Join Date: Apr 2007
Location: Akron, Ohio Home of LeBron James
Posts: 15,403
Gender: Male
Member Number: 5353
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: Who's to blame for oil prices? Check this out.

Big US oil is nowhere near as powerful as it used to be. I believe US owned oil companies only make up 7% of the industry now. Big Government in Countries like Venezuela and Russia hold more sway now.

It's true, they are all to blame, but it's us little people that get totally effed in the end, and that's all that truly matters.
__________________
Official Steelersfever Arians Nuthugger
revefsreleets is offline   Reply With Quote
Old 07-05-2008, 11:18 AM   #4
cakmakli
Draft Prospect
 

Join Date: Aug 2007
Location: Pittsburgh
Posts: 113
Gender: Male
Member Number: 6384
Thanks: 3
Thanked 13 Times in 5 Posts
Default Re: Who's to blame for oil prices? Check this out.

What I really hate is when they compare our gas prices to Europe. In Europe you don't really need a car. They have a very good public transportation system and really encourage bicycle use. There you can go almost anywhere by train and or bus. Here if you don't have a car you can't do anything.
cakmakli is online now   Reply With Quote
Old 07-06-2008, 09:59 PM   #5
TackleMeBen
Southern Belle
Supporter
 
TackleMeBen's Avatar
 

Join Date: Dec 2006
Location: where all the cute men are(especially the one in my avatar)
Posts: 4,854
Gender: Female
Member Number: 4435
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: Who's to blame for oil prices? Check this out.

Quote:
It's true, they are all to blame, but it's us little people that get totally effed in the end, and that's all that truly matters.


Quote:
In Europe you don't really need a car. They have a very good public transportation system and really encourage bicycle use. There you can go almost anywhere by train and or bus. Here if you don't have a car you can't do anything.
exactly. maybe some of our cities should get better public transportation systems.
__________________

In memory of my brother Michael, who gave me my love of sports. I will miss you!
TackleMeBen is offline   Reply With Quote
Old 07-06-2008, 10:06 PM   #6
Hawk Believer
Team Captain
 
Hawk Believer's Avatar
 

Join Date: Jan 2006
Location: Seattle
Posts: 866
Member Number: 1580
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: Who's to blame for oil prices? Check this out.

Quote:
Originally Posted by TackleMeBen View Post
exactly. maybe some of our cities should get better public transportation systems.

When we try to build public transportation out here, it get fought tooth and nail by conservatives who say its un-American and socialist.

The problem with public transportation (with the exception of buses) is that it costs a bundle of money on the front end. And few people want to pay more taxes for it. A lot of people just want to build more roads instead....
__________________
A noble spirit embiggens the smallest man. - Jebediah Springfield
Hawk Believer is offline   Reply With Quote
Old 07-06-2008, 10:14 PM   #7
TackleMeBen
Southern Belle
Supporter
 
TackleMeBen's Avatar
 

Join Date: Dec 2006
Location: where all the cute men are(especially the one in my avatar)
Posts: 4,854
Gender: Female
Member Number: 4435
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: Who's to blame for oil prices? Check this out.

i dont to build new roads.. i just want the ones around here fixed. i have busted two tires from freaking pot holes that my sorry governor cant get fixed. the roads in MI are terrible, you have to replace tires and suspensions on your car every other week it seems like.
__________________

In memory of my brother Michael, who gave me my love of sports. I will miss you!
TackleMeBen is offline   Reply With Quote
Old 07-06-2008, 11:04 PM   #8
RoethlisBURGHer
Living Legend
Supporter
 
RoethlisBURGHer's Avatar
 

Join Date: Apr 2005
Location: Clowns Town,Ohio
Posts: 5,941
Member Number: 370
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: Who's to blame for oil prices? Check this out.

A big part of the problem is our dependancy on foreign oil, aka OPEC.

OPEC is made up of the countries that hate us. They don't like the US being in Afganastan or Iraq, therefore they have jacked up the price of a barrel of crude oil. It costs them no more now than it did 5 years ago to get it out of the ground, but they have raised how much a single barrel of it costs.

The government it's self is another big problem. They don't use the oil we drill for in this country for various reasons and depend upon foreign oil (OPEC) on the beleif that if we stopped buying our oil from the, the rest of the world would go bankrupt because OPEC would raise the price of a barrel of crude oil so high they couldn't posssibly afford it. High ranking government officials also have their pockets lined by big oil, therefore they have no reason to do something to bring the price down. The less money big oil makes, the less they make. They can afford the price of gasoline for their big SUV's and long limo's...who cares of the other people of the country can't afford fuel!

Speaking of big oil companies, they have lost a lot of the power that they used to have in the industry. They also know that they don't have to charge the price they do, but the love their multi-BILLION quarterly profits from it. So they have no reason to do anything to lower the price. The big oil people can afford the price of fuel, so they don't care if we cannot.

The demand is also to blame. The United States uses more crude oil than the rest of the countries combined. All of the above know we cannot live without it, we need it to get to work, the store, the ballpark, school, kids to functions, us to functions. We'll jsut sacrifice other things (entertainment, travel, hobbies) to be able to get it.
__________________

Congrats to the 2009 Stanley Cup Champion Pittsburgh Penguins
RoethlisBURGHer is offline   Reply With Quote
Old 07-06-2008, 11:40 PM   #9
TroysBadDawg
Assistant Coach
 
TroysBadDawg's Avatar
 

Join Date: Sep 2007
Location: 3rd rock from the sun and lost
Posts: 1,161
Gender: Male
Member Number: 6617
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: Who's to blame for oil prices? Check this out.

I found this article very interesting.



Quote:
What Higher Oil Prices Are Directly Related To

PROFIT CONFIDENTIAL

July 3, 2008

What Higher Oil Prices Are Directly Related To... Current Loser
Could Become Big Winner... Bears Still Sticking Around...
Between a Rock and a Hard Place

** What Higher Oil Prices Are Directly Related To
-- by Michael Lombardi, CFP, MBA

I've written extensively about how the stock market can only go
down as oil prices rise. In the end, higher oil prices mean less
consumer spending, higher interest rates and a lower stock market.
The government has done nothing to help consumers deal with oil
at $145.00 a barrel, while American oil producers are posting
collective profits of about $50.0 billion a quarter.

It's my belief that the excess from the Greenspan-created real
estate boom that ended in 2005 and the credit crisis is close to
bottoming out. The stock market, and in particular the Dow Jones
Industrial Average, might have been 20%-40% higher than it is
today if it were not for higher oil prices, as the stock market has a
strong distaste for oil over $125.00 a barrel.

While analysts continue to argue about whether the rise in oil
prices is tied to real supply/demand imbalance or simply to traders
bidding up the price of crude, I continue to believe higher oil
prices are directly related to the falling value of the U.S. dollar.

President Bush will soon travel to his last G-8 summit and I'm sure
much of the talk will be about oil prices. Since our President took
office, the value of the U.S. dollar has fallen 40% against the euro,
and I think we have that single factor to blame for the rise in oil
prices.

Imagine if you were a foreign oil producer. Would you take
American dollars for the oil you make when that currency is down
40% and continues to decline? Any sane businessperson would
either increase the price of the commodity he/she produces or ask
for payment in different currency. So far, the price of the
commodity has increased.

If we actually look at oil measured in gold, the price of oil has not
changed. About 10 years ago, an ounce of gold would have bought
seven to eight barrels of oil. Today, an ounce of gold still buys
eight barrels of oil. Hence, my message it that the price of oil has
not risen when measured in real dollars (gold), but has risen
against the U.S. dollar, because the U.S. dollar has fallen so much
against other world currencies.

And until Fed Chief Ben Bernanke takes the dreaded step of
raising interest rates, the U.S. dollar will continue to be a weak
currency and oil prices will remain high. This morning, the
European Central Bank raised its key interest rate by 25 basis
points to 4.25% -- this can only add more selling pressure to the
already fragile U.S. dollar.
__________________

Here We Go Brownies Here We Go Woof Woof
Americanos dicen ingl?s, Aprietan dos para Deportaci?
TroysBadDawg is offline   Reply With Quote
Old 07-07-2008, 12:50 AM   #10
Preacher
Living Legend
 

Join Date: May 2010
Posts: 3,890
Member Number: 16327
Thanks: 0
Thanked 2 Times in 2 Posts
Default Re: Who's to blame for oil prices? Check this out.

Quote:
Originally Posted by Hawk Believer View Post
When we try to build public transportation out here, it get fought tooth and nail by conservatives who say its un-American and socialist.

The problem with public transportation (with the exception of buses) is that it costs a bundle of money on the front end. And few people want to pay more taxes for it. A lot of people just want to build more roads instead....
That is a bit of a perjorative view

It gets fought by conservatives that view a govt. as the biggest wasters of tax-dollars, trying to implement a transportation system that will be less effective than in almost ANY other nation because of our expanses between cities... and the American fascination with cars.

On top of which, I haven't seen a railway station yet where I actually feel safe waiting for the tram/train/bus/etc. to come... and that includes NY, NJ, Seattle, Vancouver, Portland and SF.

On top of all that, the cost over-runs, back door deals, union sweetheart deals, etc. just make it not worth while in many cases.

Build a system that is safe, fast, underbudget, and doesn't devalue homeprices along the tracks.. and I am all for it.
Preacher is offline   Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -5. The time now is 03:25 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Shoutbox provided by vBShout v6.2.1 (Lite) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.
User Alert System provided by Advanced User Tagging v3.0.8 (Lite) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
Navbar with Avatar by Motorradforum
no new posts