Comments on: Why Oil is Not $70 per Barrel

By: Bookmarks about Oil

Bookmarks about Oil — Wed, 11 Feb 2009 01:30:30 +0000

[...] – bookmarked by 4 members originally found by fmedrano on 2009-01-29 Why Oil is Not $70 per Barrel http://www.jimbyrd.com/why-oil-is-not-70-per-barrel – bookmarked by 3 members originally found by [...]

By: mc

mc — Wed, 23 Jul 2008 17:30:09 +0000

so who do you think will be the ‘better’ choice to accomplish all you have been writing about in the up and coming november election?
would love to hear your thoughts!

By: PHIL Robinson

PHIL Robinson — Tue, 22 Jul 2008 22:48:44 +0000

as the price of oil rises on the market so does the price of refined gasoline and the dollar drops proportionately. Gasoline use drops because demand is elastic at certain price points.

What would happen to gasoline consumption if the combination of state and federal taxes were increased weekly by a 50 cents per gallon?

My guess is that the outcry would be deafening, but people would cut down gasoline use proportionate to the increase in taxes per gallon. The supply on hand would increase and the dollar would rise.

By: PHIL Robinson

PHIL Robinson — Tue, 22 Jul 2008 22:48:44 +0000

as the price of oil rises on the market so does the price of refined gasoline and the dollar drops proportionately. Gasoline use drops because demand is elastic at certain price points.

What would happen to gasoline consumption if the combination of state and federal taxes were increased weekly by a 50 cents per gallon?

My guess is that the outcry would be deafening, but people would cut down gasoline use proportionate to the increase in taxes per gallon. The supply on hand would increase and the dollar would rise.

By: KeyJ63

KeyJ63 — Fri, 18 Jul 2008 15:24:06 +0000

This is an excellent post with a lot of great insight. I learned a lot by reading this. I think in the long run one of the most important things we as Americans can do is keep up the momentum for finding a viable alternative energy source. I do not think we are far from a breakthrough and hard times (historically) tend to bring radical breakthroughs. I never underestimate American ingenuity…

By: oil price per barrel | Found love here

oil price per barrel | Found love here — Thu, 17 Jul 2008 07:58:48 +0000

[...] Skies…Gentle Breezes – http://journals.aol.com/delela1/BlueSkiesandGentleBreezes/|||Why Oil is Not $70 per BarrelThe consequence would be for a dramatic drop in demand for oil, and the subsequent drop in the price [...]

By: oil price per barrel | Start a new day

oil price per barrel | Start a new day — Wed, 16 Jul 2008 20:36:16 +0000

By: New Trends » Blog Archive » oil price per barrel

New Trends » Blog Archive » oil price per barrel — Wed, 16 Jul 2008 20:25:05 +0000

[...] Why Oil is Not $70 per BarrelThe consequence would be for a dramatic drop in demand for oil, and the subsequent drop in the price per barrel. Once enough capital, energy, and success have been seen in alternate energy sources, it will not be reversed and OPEC knows … – [...]

By: Chris Adams

Chris Adams — Mon, 14 Jul 2008 01:20:48 +0000

i don’t know, but companies with fuel efficient cars are making almost as much money as some of these oil people

By: Maurice

Maurice — Mon, 14 Jul 2008 01:08:19 +0000

Excellent post. An Newt Gingrich agrees with you critique of the speculators and the need to floor the market. Problem is not many people understand what you’ve said here. But keep at it.

http://www.americansolutions.com