Poll: If gas hits a low, and is expected to rise again......

[Vito]

I will...

[briann]

Who wants to store a whole bunch of Gas?  Its dangerous and you'd need a huge tank or a bunch of large barrels.

If you want to hedge with gas..... just buy Oil future options.

BUT!!!!!!   it may stay low for a very long time.   

If you want to hoard something... hoard.  AMUNITION!!!!!

[Dr. Dan]

i will use it as needed. THe price of gas was up becuase of Bush's policy...but really nobody has money anymore to get gasoline..so that's why the prices went down..IT's smart business. I expect with this recession the dollar become deflated and price of essentials and most other things go down. IT's the right thing to do. CEO's are so greedy these days that they will refuse to do such things..They will be hit so hard when reality hits them with Obama's tax raise.

[muman613]

i will use it as needed. THe price of gas was up becuase of Bush's policy...but really nobody has money anymore to get gasoline..so that's why the prices went down..IT's smart business. I expect with this recession the dollar become deflated and price of essentials and most other things go down. IT's the right thing to do. CEO's are so greedy these days that they will refuse to do such things..They will be hit so hard when reality hits them with Obama's tax raise.

Dan,

Please explain which of 'Bushes' policies was responsible for the high prices. I place the blame on the oil companies taking advantage of fears spawned by speculators in the stock market.

Thank you,

[Lewinsky Stinks, Dr. Brennan Rocks]

You just hit the nail on the head. Oil was obscenely expensive because investors wanted it to be and unanimously agreed that it would be. It's ridiculous. Our market has not been based on actual data (supply and demand) for some time now.

[briann]

i will use it as needed. THe price of gas was up becuase of Bush's policy...but really nobody has money anymore to get gasoline..so that's why the prices went down..IT's smart business. I expect with this recession the dollar become deflated and price of essentials and most other things go down. IT's the right thing to do. CEO's are so greedy these days that they will refuse to do such things..They will be hit so hard when reality hits them with Obama's tax raise.

Dan,

Please explain which of 'Bushes' policies was responsible for the high prices. I place the blame on the oil companies taking advantage of fears spawned by speculators in the stock market.

Thank you,

People are completely forgetting that oil isnt much about what happens in the U.S.A. anymore  We are about 20% of the total demand and about 3% of the total supply.

So analyzing JUST what happens in the US is myopic.

In reality... almost 75% of the oil speculators were NOT Americans.  Markets are global nowadays.  And many of these stupid speculators have lost their shirt... just like the morons who had their life savings int eh stock market in the late 20's OR the real estate speculators of a couple years ago.

What goes around comes around... and these speculators should ALL BE PUNISHED.... with their NOW worthless portfolios.

[Dan]

Not a good idea, unless your planing to open up your own gas station. 

I though that Geo Metro was a fuel efficient vehicle... jk.
I'd rather would focus on making petrol fuel obsolete rather than a precious commodity, we must pressure government and big business to fully commit to alternative sources of energy and stop BS-ing about doing it in the next 10-20 years.

[briann]

Its really tough to try and make money in times like this....   Because people are hopping from one speculative investment to another... and each one seems to burst just as quickly.  Oil will rebound.... but who knows when?

The best investment right now... is the investment that will SABOTAGE our illegitimate president-elect.   So... maybe Gold.... or maybe even.... god forbid..... invest in China. (At least temporarily)... it might actually end up being a good investment.

[Dr. Dan]

i will use it as needed. THe price of gas was up becuase of Bush's policy...but really nobody has money anymore to get gasoline..so that's why the prices went down..IT's smart business. I expect with this recession the dollar become deflated and price of essentials and most other things go down. IT's the right thing to do. CEO's are so greedy these days that they will refuse to do such things..They will be hit so hard when reality hits them with Obama's tax raise.

Dan,

Please explain which of 'Bushes' policies was responsible for the high prices. I place the blame on the oil companies taking advantage of fears spawned by speculators in the stock market.

Thank you,

It's an assumption that as soon as Bush did his cowboy go it alone policy (which I admire, btw) the oil producing nations, such as the ones found in the middle east decided to do what they did.

[briann]

i will use it as needed. THe price of gas was up becuase of Bush's policy...but really nobody has money anymore to get gasoline..so that's why the prices went down..IT's smart business. I expect with this recession the dollar become deflated and price of essentials and most other things go down. IT's the right thing to do. CEO's are so greedy these days that they will refuse to do such things..They will be hit so hard when reality hits them with Obama's tax raise.

Dan,

Please explain which of 'Bushes' policies was responsible for the high prices. I place the blame on the oil companies taking advantage of fears spawned by speculators in the stock market.

Thank you,

It's an assumption that as soon as Bush did his cowboy go it alone policy (which I admire, btw) the oil producing nations, such as the ones found in the middle east decided to do what they did.

The truth is much simpler.  When the price was at $137 per barrel, Global oil supply was NOT low... it was actually at near record highs.

However.... demand was through the roof.   This was partially because of record demand from emerging markets but MOSTLY because of HUGE speculation from around the world.

now.. speculation has reverted to fear.   This was sparked by economic turmoil which has made people penny pinchers.

Other than that... between 10 months ago and now.... nothing else has happened.   The supply hasn't suddenly doubled..... they didn't find a massive new oil supply... NO!!!   its demand changes that has caused all of this variation.