Rising Oil and Gas Prices
The cost of gasoline is a huge topic on everyone's mind today. I haven't run across anyone who is not making changes in their habits in order to use less gas.
The question I have, is why NOW are prices at the pump going up so steadily and dramatically. I know that supply and demand is a big cause, but in my mind that doesn't necessarily account for the seemingly abrupt and continuing increases.
From the research I've done recently, there are 3 major factors for rising gas prices:
1) Increased demand - mostly from India and China
2) Devaluation of the dollar
3) Commodities speculators buying up gas futures
Of these three, speculation seems to be the biggest problem. I still need to do more research on this, and will do that and talk about it later. For today, here's what I know: demand does out strip supply, but this would account for why oil would be $60 or $70 a barrel instead of $40 or $50 a barrel. The reason it is $150 a barrel has to do with speculation.
I'm attaching an article by Neil Cavuto about his bi-partisan thoughts on how to solve the energy problem.
All right, I'm going to solve this energy problem once and for all.
I've said it many times on this show, let me make it very clear now at the close of this show.
1. Stop the political grandstanding. And this goes for Democrats and Republicans. You're both to blame. Now, both do something.
2. Democrats, stop this nonsense about not looking for more oil here. We have it here. Let's drill for it here. It hardly means we're going to destroy every tree, spotted owl, and polar bear while we're doing it here.
3. Republicans, stop protecting energy companies with billions in subsidies they don't need and tax credits they don't deserve. It's one thing to say don't tax their profits, but don't tax my patience. They're doing fine on their own.
4. Democrats, quit picking and choosing what energy alternative you want. Pick them all, explore them all — solar, wind, nuclear, and yes oil. Jump ball. Have at it.
5. Republicans, stop resisting conservation. You look clueless and frankly, stupid, opposing simple step solutions to saving energy. Because here's a news flash: we need to save energy.
6. And this is for Democrats and Republicans. We know you each blame each other...one for not exploring for oil, the other for not exploring options to oil. Get over it, get on with it, explore for it, all of it, all here, all now.
Demagoguing the issue won't solve the issue. Working together just might. I want to see you doing so now. There's hell to pay on this show if you do not.
You have been warned.
The question I have, is why NOW are prices at the pump going up so steadily and dramatically. I know that supply and demand is a big cause, but in my mind that doesn't necessarily account for the seemingly abrupt and continuing increases.
From the research I've done recently, there are 3 major factors for rising gas prices:
1) Increased demand - mostly from India and China
2) Devaluation of the dollar
3) Commodities speculators buying up gas futures
Of these three, speculation seems to be the biggest problem. I still need to do more research on this, and will do that and talk about it later. For today, here's what I know: demand does out strip supply, but this would account for why oil would be $60 or $70 a barrel instead of $40 or $50 a barrel. The reason it is $150 a barrel has to do with speculation.
I'm attaching an article by Neil Cavuto about his bi-partisan thoughts on how to solve the energy problem.
All right, I'm going to solve this energy problem once and for all.
I've said it many times on this show, let me make it very clear now at the close of this show.
1. Stop the political grandstanding. And this goes for Democrats and Republicans. You're both to blame. Now, both do something.
2. Democrats, stop this nonsense about not looking for more oil here. We have it here. Let's drill for it here. It hardly means we're going to destroy every tree, spotted owl, and polar bear while we're doing it here.
3. Republicans, stop protecting energy companies with billions in subsidies they don't need and tax credits they don't deserve. It's one thing to say don't tax their profits, but don't tax my patience. They're doing fine on their own.
4. Democrats, quit picking and choosing what energy alternative you want. Pick them all, explore them all — solar, wind, nuclear, and yes oil. Jump ball. Have at it.
5. Republicans, stop resisting conservation. You look clueless and frankly, stupid, opposing simple step solutions to saving energy. Because here's a news flash: we need to save energy.
6. And this is for Democrats and Republicans. We know you each blame each other...one for not exploring for oil, the other for not exploring options to oil. Get over it, get on with it, explore for it, all of it, all here, all now.
Demagoguing the issue won't solve the issue. Working together just might. I want to see you doing so now. There's hell to pay on this show if you do not.
You have been warned.
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