Oil Briefly touches $100 a Barrel

Inflation is at the end controlled by the banks / government. Take care of your self, and they always will make sure (as long as they want to stay in power) that they take care of the rest. Don't depend on them more than you have to.

 

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you do realise that price gourging is illegal dont you?

thats why the new goverment here has put a permident member of the ACCC to investigate fuel prices and food prices. Essential services are to some degree regulated. No one really cares if plasma screen TV's cost $10 000 but if tomatoes do well thats the end of the goverment. So they regulate it

 

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Probobly yet another waste of the taxpayers money to put a inquiry in place to find out about why gas prices are rising and being fixed instead of teaching people how to not overuse and conserve. More taxes wasted, need to earn more to get by, higher gas prices, higher inflation.

 

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well thats simple cut defence spending is that really the issue?

we pay taxes for the goverment to spend, if they spend them keeping prices down then good for them that means more money can be spent on other things but it also means that if you put downward pressure on essential service prices you also put downward pressure on inflation which is a good thing

after all person a requires x amount of food to live
x amount costs y
producer of y doubles price so person a now need to double his income to pay 2y for x
which is inflation

 

No. Because enviro-wackos don't want us to bother the critters at ANWR. A possibly endangered mussel is more important to them than less reliance on terror-sponsors' oil.

The real goal of the envirowackos is to slow down the economy. Most could not care less about protecting the environment. Many of them are tired, old communists and socialists still upset over the collapse of the Soviet Union and their dream of one world under communism.

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Why do we export oil, then?

 

We are currently sending one out of every seven barrels of domestically produced oil to China. Why cannt we just stop shipping oil to China and decrease our oil imports by a million barrels a day? If we do drill in Anwar, what is going to stop it from going to China like it does today?

http://www.ncseonline.org/NLE/CRSrep...l/nrgen-25.cfm

https://www.cia.gov/library/publicat.../print/us.html

 

Sounds real rational to me....not! How does exporting our oil make us the last one standing with oil reserves? Saudi oil reserves are 100 times larger than ours.

 

Yes I understand we have oil reserves. But I don't understand how exporting our oil is helping us. If we wanted to have reserves we should keep it in the ground.
Our political leadership is telling us we need to reduce our dependence on foriegn oil so we don't have to expend military resources in the gulf and in order to reduce the price of oil. And the oil companies say the price is high because supply is limited and to fix that problem we need to drill oil from Anwar.

 

the reserves in anwr are not worth the cost of getting them plus i am pretty sure the water around alaska is to cold for mussels they do it for the seals well the one's that don't get clubbed to death and water birds

 

Indeed it is politics and greed. No matter how much oil is produced domestically, unless we prohibit exports, it will not affect price at all.